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In brief SpaceX’s IPO joins an AI-driven tech rally and geopolitical uncertainty in stress testing crypto’s already waning attention and liquidity. Pre-IPO perpetuals on Hyperliquid have amassed $240 million in open interest, rivaling Solana perps despite offering only 5x leverage. A first-day pop above 25-30% in SpaceX’s SPCX could trigger a wealth effect rotation into crypto, but the real signal will be whether the stock holds its valuation weeks later, Decrypt was told. The initial public offering for Elon Musk’s SpaceX on Friday has collided with crypto markets in an unexpected way. The $75 billion raise for the largest IPO…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Trader Ryan claims Bitcoin bull phases have lasted 1,064 days and bear phases 364 days across recent cycles. The theory is attracting attention because it offers a simple timing model for BTC cycles. Exact-date cycle claims can be cherry-picked, so the setup should be treated as speculative market commentary. < I am literally SHAKING after finding this almost like someone is going to hunt me down after I hit post…I am not sure if this is public info but bitcoin cycles are PERFECT to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Crypto Rover argues Bitcoin is in a halving-cycle bottoming phase. The post is speculative and should be treated as trader commentary, not a confirmed signal. The key issue is whether price action, liquidity and broader market structure support the cycle claim. The $BTC halving clock:Same rhythm. Same structure. Same outcome.We’re in the bottoming phase now. pic.twitter.com/fMMtaOK81u — Crypto Rover (@cryptorover) June 13, 2026 Halving Cycle Chart Points To A Bottoming Phase Crypto Rover has shared a Bitcoin halving-cycle chart arguing that BTC is moving…

In brief The U.S. government ordered Anthropic to suspend access to its two most advanced AI models, Fable 5 and Mythos 5, citing a national security concern over a potential jailbreak vulnerability. Anthropic complied but disputed the finding, arguing the vulnerability is simple and already replicable using other publicly available models like GPT-5.5. The company warned the directive sets a dangerous precedent that, if applied industry-wide, could halt all new frontier AI model deployments. The U.S. government issued an emergency export control directive on Friday ordering Anthropic to immediately suspend access to its two most powerful artificial intelligence models—Claude Fable…

In brief Google filed a lawsuit in New York federal court against Outsider Enterprise for allegedly using Gemini AI to power fraudulent campaigns. The defendants allegedly sent 2.5 million scam messages and created 8,000 phishing websites targeting financial accounts. The FBI estimates the operation stole 3.87 million credit card numbers and caused $1.9 billion in losses since July 2023. Google filed a lawsuit Friday against alleged Chinese cybercrime network Outsider Enterprise for using the company’s Gemini AI to automate fraudulent text messaging campaigns that targeted hundreds of thousands of U.S. victims with phishing sites designed to steal financial credentials.The defendants…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Ethena says the Steakhouse High Yield USDC Vault is live on Coinbase. The vault is powered by USDe on Morpho and curated by Steakhouse Financial. The product may offer higher yield potential, but it also carries additional synthetic stablecoin collateral risk. Coinbase Adds A Higher-Yield DeFi Vault Coinbase has expanded its onchain lending offering with the launch of a Steakhouse Financial High Yield USDC Vault connected to Ethena and Morpho, according to an official Ethena Labs post on X. The first product in the…

In brief GameStop renewed an options deal that ties up nearly all its Bitcoin with Coinbase Credit. The pledged coins no longer count as a direct holding and sit below their cost. The strategy only added about $1M in a quarter when GameStop posted record profit of over $390 million. Video game retailer GameStop has kept nearly all of its Bitcoin tied up in options contracts that trade away potential price gains for upfront cash, renewing the arrangement with crypto exchange Coinbase after an earlier batch expired in late May.GameStop laid out the arrangement in a quarterly filing submitted to…

In brief An AI agent autonomously spun up five high-powered AWS instances to port-scan a hobbyist network, This generated a $6,531.30 bill in under 24 hours before its operator finally noticed. After AWS negotiated the bill down to $1,894, the operator turned to the community asking for Ethereum donations, arguing the bill wasn’t their fault because the AI made the mistake. On May 9, an AI agent asked a volunteer network known as DN42 to register it as a member. It had a deadline. It had AWS credentials. Nobody was supervising. “Hello, I’m a friendly AI agent, and my user,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure View original TradingView chart TL;DR TradingView analyst fibsrus says Bitcoin may be forming an inverse head-and-shoulders pattern. The projected target is around $69,000 if BTC breaks and closes above the neckline. The setup is invalidated if Bitcoin breaks below the right shoulder low near $59,400. Bitcoin Chart Shows A Potential Bullish Reversal A TradingView analyst has highlighted a possible inverse head-and-shoulders pattern on the Bitcoin daily chart, with a projected target near $69,000 if the setup confirms. The idea, published by TradingView user fibsrus, identifies a…

In brief A federal appeals court unanimously upheld Sam Bankman-Fried’s fraud conviction and 25-year prison sentence. Judges rejected his argument that FTX could have repaid customers, finding his misrepresentations alone constituted fraud. With his appeal denied, a presidential pardon appears to be his only remaining path out of prison. FTX co-founder and former CEO Sam Bankman-Fried lost a bid to overturn his 25-year prison sentence and fraud conviction Friday, with a panel of federal appeals judges unanimously upholding the verdict.The Manhattan-based judges, of the Second Circuit Court of Appeals, picked apart Bankman-Fried’s arguments for overturning the judgment, finding each of…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Frax governance is considering raising the sfrxUSD strategy allocation cap into Aave v4 from $20 million to $50 million. The proposal says the increase is focused on strategic expansion, not short-term yield optimization. The cap is a maximum ceiling and would not require immediate deployment of the full $50 million. Frax Proposal Seeks Larger Aave v4 Allocation Frax Finance governance is considering a proposal to increase the allocation cap for its sfrxUSD strategy into Aave v4 from $20 million to $50 million. The governance post,…

In brief A new study commissioned by the Coalition for Prediction Markets found Americans wagered up to $34 billion on offshore prediction markets during a 12-month span. It estimated that up to 30% of Polymarket’s trading volume during the period came from Americans. Offshore prediction market trading volume by Americans could grow to as much as $133 billion by 2030, the study estimated. Americans were responsible for up to $34 billion in offshore prediction market trading volumes during the 12-month period ending in April 2026, according to a new study commissioned by the Coalition for Prediction Markets, an industry group…

In brief Iran-linked hacking group Handala claimed it breached FBI drones and accessed surveillance footage. The group threatened teams participating in the 2026 FIFA World Cup. Researchers disputed some of the evidence released by the hackers. An Iran-linked hacking group that previously made headlines for claiming it hacked FBI Director Kash Patel’s email account has threatened security at the 2026 FIFA World Cup—and said it hacked FBI surveillance drones being used around tournament venues.According to a report by CBS News on Friday, the SITE Intelligence Group, which monitors extremist organizations and online threat activity, reported that Handala claimed it had…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR An Arbitrum governance roundup lists a continued funding proposal for the Arbitrum Foundation covering another operational year. The request includes $16 million in RWAs, 1,700 ETH and 230 million ARB tokens. The proposal says technical costs are expected to represent 54% of anticipated 2027 expenses. On-chain voting is scheduled to close on June 25, 2026. Arbitrum governance is weighing a large funding proposal for the Arbitrum Foundation, with an active on-chain vote seeking $16 million in real-world assets, 1,700 ETH and 230 million ARB tokens…