by Michael
Key TakeawaysCoinbase Ventures bought ENA as Coinbase and Ethena expand onchain finance products.Ethena products could reach Coinbase’s 100M+ users, boosting USDe and ENA adoption.Coinbase and Ethena plan a new growth initiative next week focused on digital savings.... 
by Michael
Key TakeawaysKalshi put Santos’s State of the Union attendance near 75% before his no-show sent the odds tumbling.The DOJ and CFTC opened investigations after Santos allegedly profited in the tens of thousands.His case follows Polymarket probes over a $1.2M Google... 
by Michael
Key TakeawaysStrategy sold 32 bitcoin for $2.5 million between May 26 and May 31, its first disclosed sale since December 2022.MSTR shares dropped roughly 6% to around $150 and bitcoin fell below $65,000 days after the June 1 filing, triggering billions in crypto... 
by Michael
Key TakeawaysPeirce questioned whether securities rules should cover blockchains, validators, developers, and neutral software.Regulators could focus more on custody, control, and discretion than infrastructure alone.Builders may face pressure to improve audits, key... 
by Michael
Key TakeawaysSharp losses pushed XRP near recent lows as bearish momentum accelerated.Derivatives markets saw over $25 million erased, highlighting elevated trader risk.Meanwhile, oversold indicators suggest participants are watching for stabilization attempts. XRP... 
by Michael
Key TakeawaysCoinglass recorded $1.12B in liquidations on June 3, with $949M from longs.Bitcoin hit $62,569 on Binance at 9:50 p.m. EDT on Wednesday, placing the $60K support zone in focus.Ethereum saw $252.9M liquidated as traders watch ETF flows and macro data. Data... 
by Michael
Key TakeawaysFormer officials urged Senate leaders to support the CLARITY Act’s crypto market rules.Notably, 160 national security, intelligence, and law enforcement veterans signed the letter.Senators now face mounting pressure to decide the bill’s future path.... 
by Michael
Key TakeawaysXRP turned 14, highlighting the XRP Ledger’s longevity in digital payments.Ripple CEO Brad Garlinghouse and CTO Emeritus David Schwartz reflected on XRP’s growth and community contributions.Mastercard’s XRPL settlement plans pointed to expanding... 
by Michael
Key TakeawaysTether commits $1M in XAUT to launch the world’s first gold-backed Visa card with Fasset.The card pays up to 6% cashback in XAUT, targeting Fasset’s $32B annual- volume user base.Tokenized gold market tops $5.3B, with XAUT holding over $2.6B as demand... 
by Michael
Key TakeawaysOn June 3, XRP hit a new year-to-date low of $1.188 amid an escalating U.S.-Iran military confrontation.The bearish market triggered $14.06 million in long liquidations, completely stalling Ripple’s Mastercard news.Critics warn that future Strategy... 
by Michael
Key TakeawaysBitcoin retraced to $72K in May after Bitcoin ETP outflows reached $1.031 billion in the second half of the month.Bitwise Europe data shows long-term holders reached an all-time high of 14.85M BTC, equal to 74.3% of supply.The $78K–$85K zone remains the... 
by Michael
Key TakeawaysThe Wall Street Journal claims Hyperliquid is now the go-to weekend perps venue for Wall Street traders.One trader booked a 243% gain on a Saturday oil bet placed hours before traditional futures reopened.ICE Chair Jeffrey Sprecher called Hyperliquid a... Translate »
