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In brief South Korean police referred 23 suspects and detained two key figures over laundering crypto proceeds from a Cambodia-based phishing group. The crew allegedly moved $11.1 million (16.8 billion won) in USDT across exchanges, with the suspected ringleader still at large under an Interpol Red Notice. Chainalysis says Southeast Asian scam networks keep adapting despite record seizures, warning the broader illicit ecosystem remains resilient. South Korean police have rounded up dozens of people accused of laundering money for a Cambodia-based phishing operation through crypto, as a Chainalysis expert warns that the scam-compound ecosystem in Southeast Asia remains a “persistent…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A tokenized SpaceX share campaign has run into refund trouble after exchange-linked offerings were cancelled, putting a spotlight on the gap between crypto demand for pre-IPO exposure and the messy reality of sourcing underlying shares. TL;DR Bybit published an official update on its SpaceX IPO offering and user refunds. The broader story involves tokenized pre-IPO exposure rather than direct SpaceX participation. The issue appears tied to share allocation and settlement limits, not a direct claim about SpaceX itself. The episode raises questions about how scalable tokenized…
The crypto exchange Kraken exchange has officially launched perpetual futures trading for US customers. The CFTC-regulated offering gives eligible American clients access on Kraken Pro alongside spot, margin and CME-listed futures. Perpetual futures allow traders to hold leveraged long or short crypto exposure indefinitely, with significant global volume exceeding $60 trillion a year last year. “Until now, US traders have had limited regulated options to access them, with most activity taking place offshore. Today’s launch brings that activity onshore through a CFTC-regulated venue… We intend to expand the contract set and product functionality, including broader collateral options, over time.” At…
In brief Strategy expanded its USD Reserve to $1.1 billion and increased its total Bitcoin holdings to 846,842 BTC. Executive Chairman Michael Saylor introduced a new risk metric dubbed CEPE BPS to track its Bitcoin holdings. Despite Bitcoin’s rise on Monday, Strategy’s overall stockpile remains roughly $7.8 billion underwater. Strategy padded its cash cushion for a second straight week while expanding its Bitcoin holdings, setting aside more resources for paying dividends and managing debt.The Bitcoin-buying firm’s so-called USD Reserve now stands at $1.1 billion, Strategy announced on Monday. The balance had fallen as low as $871 million last month after…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken is preparing to bring perpetual futures to eligible US professional traders through a regulated domestic structure, marking a notable move for one of crypto’s most important derivatives products. The exchange announced that it plans to launch CFTC-regulated perpetual futures in the United States through Bitnomial, the derivatives exchange it acquired. The products are expected to be integrated into Kraken Pro alongside spot, margin, and CME-listed futures access. TL;DR Kraken plans to launch CFTC-regulated perpetual futures for eligible US professional traders. The products will be offered…
In brief Forward Industries has proposed acquisitions to three of its rival Solana treasury firms. Two of the firms rejected the offers, while one did not respond prior to the offer expiration. Shares in all firms are surging on Monday with Solana and other cryptocurrencies up big. Forward Industries, the largest publicly traded Solana treasury company, was rejected on unsolicited takeover bids for competing SOL-accumulating firms the Solana Company and Brera Holdings, the firm announced. The proposals sought all-stock business combinations, with shareholders of both Solana Company (HSDT) and Brera Holdings (SLMT) respectively set to receive shares of Forward Industries (FWDI),…
In brief Anthropic is facing a lawsuit over its Claude Max AI subscription plans. Plaintiff Karl Kahn alleges the company’s Max 5x and Max 20x tiers provide less usage than advertised. The lawsuit seeks damages, restitution, injunctive relief, and class certification. Anthropic is facing a class action lawsuit alleging the AI company misled customers about the amount of usage included with its premium Claude Max subscription plans.The complaint, filed June 14 in the U.S. District Court for the Northern District of California by customer Karl Kahn, seeks to represent other Claude subscribers who purchased the company’s Max plans and alleges…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken is pushing deeper into the overlap between crypto derivatives and private-market exposure with the launch of pre-IPO perpetual futures tied to OpenAI and Anthropic. The exchange said the new contracts allow eligible traders to take long or short positions on two of the most closely watched private artificial intelligence companies before any public listing. The products offer up to 5x leverage, according to Kraken’s announcement. TL;DR Kraken has launched pre-IPO perpetual futures for OpenAI and Anthropic. Eligible traders can access up to 5x leverage. The…
In brief IplanRIO released Rio 3.5 Open 397B on June 13, billing it as a government-built frontier AI model with benchmark scores topping Qwen 3.7 Plus. AI company Nex published a mathematical proof showing the model is a direct 0.6 Nex / 0.4 Qwen weight merge. IplanRIO updated the model card, credited Nex, pulled the benchmark claims, and blamed an “incorrect upload.” Rio de Janeiro’s IplanRIO released Rio 3.5 on June 13. The city’s IT agency called it a frontier-class model: 397 billion parameters, with a permissive open-source license, built by the municipal government of a city in the Global…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s chart is telling one story. Its staking base is telling another. TL;DR Ethereum is tracking toward a rare third consecutive negative quarter. The weak price trend contrasts with a more constructive staking backdrop. ETH needs price follow-through before stronger network signals can shift the market narrative. ETH’s Quarterly Trend Looks Heavy ETH is tracking toward a rare third consecutive negative quarter, according to quarterly return data, extending a stretch of underperformance that has kept traders cautious. At the same time, staking-related signals remain more constructive,…
In brief An anonymous Polymarket trader put $1 million on Spain to beat Cape Verde in their Group H opener on June 15, 2026. Spain and Cape Verde drew 0-0, resulting in the trader losing everything. Polymarket user “Fishalive” bet against Spain at just 9¢ a share, netting a $4.3 million profit. Press F to pay respects.Someone put $1 million on Spain to win a football match against a team making its World Cup debut. The market on Polymarket priced the draw at 6.6 cents. The logic was airtight. The outcome was not. 🚨BREAKING: Someone just put $1M on Spain…
Strategy (formerly MicroStrategy) added another $100 million of Bitcoin to its balance sheet last week, extending a buying campaign that has made the company the world’s largest corporate holder of the digital asset while sharpening a debate over what its common shareholders actually own.On June 15, Michael Saylor, the company’s chairman, said Strategy bought 1,587 BTC at an average price of $63,024 per token, which lifted its total holdings to 846,842 BTC.That position is equal to more than 4% of Bitcoin’s fixed 21 million supply cap, a level that has turned Strategy from a software company into one of the…
In brief Mobile battle royale game Pudgy Party has shut down and ceased development. The Pudgy Penguins team said that it has shifted focus to Pudgy World, a game that is “fully ours.” Pudgy Party was developed in collaboration with FIFA Rivals maker Mythical Games. Pudgy Party, the Pudgy Penguins-themed mobile battle royale party game, was suddenly shut down on Friday after less than a year and is no longer available for download across iOS and Android.According to a post on the game’s official X account, the crypto-native brand decided to shut down the game in an effort to divert…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Gate is trying to make USDT more useful outside the usual crypto trading loop. TL;DR Gate is rolling out access to Hong Kong-listed stocks through USDT-denominated accounts. The product points to a growing overlap between stablecoins, exchanges, and traditional market exposure. The key question is whether users are getting direct stock access, derivative exposure, or another structure tied to equities. Crypto Balances Meet Stock Exposure The exchange has launched access to Hong Kong-listed stocks through USDT-powered accounts, according to the source trail from today’s discovery pass.…