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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Australia’s top court has handed the country’s securities regulator a major win in a case that could shape how crypto yield products are treated under existing financial services law. The Australian Securities and Investments Commission said the High Court of Australia unanimously allowed its appeal against Web3 Ventures Pty Ltd, trading as Block Earner. The case centered on Block Earner’s fixed-yield “Earner” product, which was offered between March and November 2022. The High Court found that Earner was a financial product because it was a facility through…

Wells Fargo’s brokerage, investing and financial advisory division is highlighting one S&P 500 sector that could act as a defensive investment as some stock prices reach inflated levels. Wells Fargo Advisors says that it has a “favorable” rating on the materials sector because a “combination of cyclical and secular forces are aligning to improve” the sector’s outlook. The materials sector includes industries such as containers and packaging, chemicals, metals and mining as well as construction materials. According to Wells Fargo Advisors, the US materials sector “offers defensive traits that can help reduce the near-term risks of accelerating inflation to equity…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Matt Damon To Speak At Ripple Swell As Water.org’s RLUSD Push Draws Attention TL;DR Matt Damon is listed as a keynote speaker for Ripple Swell 2026 in New York City. Damon is co-founder of Water.org, which recently launched the Get Blue campaign to expand safe water access. Water.org’s campaign materials name Ripple as the exclusive digital asset and payments partner for Get Blue. The story gives Ripple’s RLUSD stablecoin a mainstream philanthropy angle beyond crypto trading and treasury use. Matt Damon Heads To Ripple Swell Matt…

In brief The co-director of the Ethereum Foundation is leaving the organization. The departure continues a trend of turnover at the Ethereum-focused organization. Earlier this year, Ethereum co-founder Vitalik Buterin signaled that the Foundation would become leaner and more focused. Hsiao-Wei Wang, a co-director at the Ethereum Foundation, is stepping away from her post effective immediately, according to a post on social media, marking the latest high-profile departure of Ethereum leadership.Wang’s announcement follows her sabbatical and the February departure of her fellow co-director, Tomasz Stańczak. Following Stanczak’s exit, Bastian Aue was named interim co-director alongside Wang.“During my break, Bastian guided…

In brief Algorand plans to roll out post-quantum cryptography across accounts, wallets, custody systems, and consensus by the end of 2027. The roadmap includes native Falcon-1024 accounts and hybrid cryptographic signatures. The announcement follows similar quantum-readiness efforts from Bitcoin, Ethereum, Stellar, and other blockchain projects. The Algorand Foundation on Thursday announced a plan to make its blockchain resistant to future quantum-computing attacks by the end of 2027, laying out a roadmap to upgrade everything from user accounts to core network infrastructure.The proposal is the latest effort by a major blockchain to prepare for a future where quantum computers could break…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Blockchain.com Expands Tokenized Stock Access Through Ondo Finance TL;DR Blockchain.com and Ondo Finance have expanded access to tokenized U.S. stocks and ETFs through the Blockchain.com wallet ecosystem. The partnership brings regulated real-world asset exposure into a crypto-native interface for eligible users. The latest market discussion centers on the growth of Ondo Global Markets and a wider catalogue of tokenized equities. The move fits a larger trend: exchanges and wallet providers are racing to make tokenized traditional assets feel like ordinary crypto products. Tokenized Stocks Move Further…

In brief Midjourney announced Midjourney Medical, a new division focused on full-body imaging. The company said its proposed “Ultrasonic CT” system could ultimately generate MRI-like scans in about 60 seconds using soundwaves, water, and AI. Midjourney plans to open its first imaging-equipped spa in San Francisco in 2027 and eventually deploy tens of thousands of scanners worldwide. Midjourney, the AI company best known for its image generation platform of the same name, is expanding into healthcare.On Wednesday, the company unveiled Midjourney Medical, a new division developing what it calls “Ultrasonic CT,” a full-body imaging system that combines ultrasound hardware with…

In brief GLM-5.2 trails Claude Opus 4.8 by just 1% on FrontierSWE—a benchmark measuring multi-hour autonomous engineering projects—while beating GPT-5.5 on the same test. It ships under an MIT license with zero regional restrictions. The model was built entirely on Huawei Ascend chips with no NVIDIA hardware involved. Unsloth AI already released 2-bit GGUF quantizations that shrink the model from 1.51TB to 238GB. You’ll still need 256GB of RAM or VRAM—but at that point, you can run it. Z.ai dropped GLM-5.2 on June 16, promising top level performances, beating its already advanced GLM 5.1.The Beijing-based lab, which has been on…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Canary Capital’s LTCC fund page confirms the spot Litecoin ETF product, while flow tracking cited in market reports shows a slow demand profile compared with Bitcoin and Ethereum ETF giants. TL;DR Canary Capital’s LTCC is an early test of secondary crypto ETF demand. Reported trailing inflows are around $9.3 million, while AUM is lower due to market movement and fund activity. The slow start highlights how far altcoin ETF demand trails BTC and ETH products. ETF approval alone does not guarantee institutional allocation. A Slow Start…

In brief Celsius founder Alex Mashinsky was banned from trading markets regulated by the CFTC. Mashinsky was imprisoned for 12 years after pleading guilty to counts of securities and commodities fraud. Earlier this year, the FTC permanently banned him from working in the cryptocurrency ecosystem again. The Commodity Futures Trading Commission (CFTC) has resolved its 2023 enforcement action against Celsius founder Alex Mashinsky, permanently banning him from trading markets regulated by the CFTC. The consent order also imposes a permanent CFTC registration ban on the former crypto founder, and marks the completion of the regulator’s first case against a digital asset…

BlackRock, the world’s largest asset manager with more than $10 trillion under management, has launched a new Bitcoin exchange-traded product designed to generate monthly income for investors — a move the firm’s top ETF executive says is aimed at pulling in a wave of traditional investors who have kept their distance from the asset due to its volatility. Jay Jacobs, BlackRock’s US Head of Equity ETFs, spoke to CoinTelegraph to discuss the launch of the iShares Bitcoin Premium Income ETF, ticker BITA, which began trading this week. The product represents a departure from conventional Bitcoin exposure by layering a covered-call…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Moody’s Ratings said its Token Integration Engine is going live on Solana through Alphaledger, allowing credit-rating data for tokenized fixed-income assets to be integrated onchain. TL;DR Moody’s has expanded its Token Integration Engine to Solana via Alphaledger. The integration applies to tokenized fixed-income assets, not the Solana blockchain itself. The move brings machine-readable credit ratings onto a public permissionless chain. It strengthens Solana’s institutional real-world asset narrative. Moody’s Takes Credit Ratings Further Onchain Moody’s Ratings has expanded its Token Integration Engine to Solana through an integration…

In brief Strategy’s preferred stock (STRC) tumbled to an all-time low of $82.53, dragging its common shares down along with it. CoinShares’ James Butterfill said STRC’s weakness likely stems from uncertainty around how Strategy will manage fixed obligations. Benchmark-StoneX’s Mark Palmer believes Strategy will hike STRC’s dividend rate to “support the price back toward par.” Strategy’s flagship preferred stock faced notable pressure on Thursday, dipping to an all-time low as the Bitcoin-buying firm reaffirmed its commitment to paying Stretch (STRC) shareholders.As of this writing, STRC had fallen 2.6% to $87.45, according to Yahoo Finance. That marked a partial recovery from…

There is now $15 billion sitting in three securities being marketed to bitcoin holders as the safer, smarter way to access bitcoin exposure: Strategy’s preferred stack, STRC, and SATA. The pitch is identical across all three. Tax-favored. 11.5% income. Backed by bitcoin. Money-market risk. 82.7% of the buyer base is retail. Every word of that pitch is wrong, and the security those buyers actually own is built to fail in exactly the bitcoin environment it claims to harness. The Pitch Is a Story. The Capital Structure Is the Truth STRC is an unsecured, subordinated, perpetual preferred equity. No maturity date.…

Bitcoin price slipped below key support near $64,000 after a hawkish shift from the Federal Reserve erased gains tied to easing geopolitical tensions, placing the market at risk of a deeper pullback toward the $60,000 range. The bitcoin price fell from a June 17 high of $66,315 to an intraday low near $62,000 during early June 18 trading, marking a 4% decline. Price action stabilized near $62,500, though momentum remains fragile as macro pressure builds. The Federal Reserve held its benchmark rate steady at 3.50% to 3.75% but signaled a tighter policy path through updated projections. Policymakers reduced expectations for…

The Federal Reserve proposed Thursday that payment stablecoin issuers maintain written customer identification programs, a move that signals Washington’s determination to bring digital asset markets under the same anti-money laundering discipline long applied to traditional banks — even as regulators race to finalize rules before a statutory deadline this coming January. The proposal would require so-called permitted payment stablecoin issuers, or PPSIs, to collect from each new customer a legal name, date of birth or formation, physical address, and a government-issued identification number before opening an account.  The Federal Reserve framework mirrors CIP obligations that banks, broker-dealers, mutual funds, and…