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In brief A Tennessee man was indicted on 11 federal counts for running an alleged crypto Ponzi scheme through his firm Star Credit Holdings from 2020–2024. He allegedly lured investors with false promises of guaranteed returns, paid old investors with new investor funds, and diverted over $1.9 million to himself and family. Charges include wire fraud, money laundering, and filing false tax returns; he faces potentially decades in federal prison if convicted. A Tennessee man has been indicted on federal charges stemming from an alleged cryptocurrency investment fraud that bilked investors across the country out of millions of dollars, the…
In brief Nearly half of Americans hope AI will cure diseases, but job loss is the top fear across all political affiliations, education levels, and states. Trust in AI companies is strikingly low—just 15% of Americans trust them to make decisions about AI development, ranking below even the federal government. Support for government regulation of AI is broad and bipartisan, with over 70% of Americans favoring oversight, especially on privacy, child safety, and corporate liability. A sweeping new poll by Anthropic—the Claude maker that recently filed to go public—finds that Americans hold strikingly contradictory views on artificial intelligence: They’re eager…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Bitcoin’s sharp move from the mid-$64,000 area to near $60,700, followed by a rebound above $63,000, triggered a large leverage reset across crypto markets. CryptoReviewing/status/2065076555949216117″>CryptoReviewing said total crypto liquidations reached about $980 million in less than 24 hours, with liquidity zones now sitting both above and below spot. Trade Nation’s TradingView analysis places Bitcoin’s key pivot resistance at 66,247, with downside supports at 59,150, 56,900, and 54,920. A separate TradingView idea from virDeStatera points to 64,234 as the swept high to reclaim, with 65,890 as…
The Securities and Exchange Commission (SEC) is moving to dismantle a stock-trading rule that has governed Wall Street for two decades.On June 11, the agency submitted a proposal that would rescind Rule 611 of Regulation NMS, the trade-through rule that requires trading centers to prevent stock trades from executing at prices worse than protected quotes displayed elsewhere. It would also eliminate Rule 610(e), which restricts locked and crossed quotations, along with related definitions.For most of Wall Street, the proposal is a market-structure fight over routing, exchanges, wholesalers, displayed quotes, and execution quality.For crypto firms and banks exploring tokenized shares, it…
In brief Moonshot AI has launched Kimi Work, a desktop AI agent for macOS and Windows that reads local files, drives your real browser, and runs scheduled tasks The app runs on Kimi K2.6, the open-weight model that edged out GPT-5.4 and Claude Opus 4.6. Subscriptions start at $19/month, with the full 300-agent swarm locked to higher tiers. Moonshot AI has released Kimi Work, a downloadable desktop agent for macOS and Windows that lives on your machine, reads your files, drives your browser, and runs jobs on a schedule. The Beijing-based company—one of China’s so-called AI Tiger startups—announced the product…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Deribit Insights, using Block Scholes analytics, says crypto derivatives risk appetite fell sharply after a near-20% spot market drop last week. The Risk Appetite Index dropped below 0.05, while BTC options skew recovered from much deeper bearish levels. The report says the move coincided with the longest spot Bitcoin ETF outflow streak since launch. ETH funding rates have traded negative since June 5, pointing to bearish perpetual swap positioning. Crypto derivatives traders have pulled back sharply after last week’s sell-off, with Deribit Insights reporting that…
In brief President Trump’s upcoming UFC event will provide crypto firms with an unprecedented opportunity for corporate branding. Polymarket is set to present an award recognizing America’s public servants, while Exodus is planning fan experiences. On Friday, a federal judge blocked a request from two Virginia residents to stop the UFC fight from taking place on Sunday. Crypto firms are about to score some exclusive marketing space this Sunday, courtesy of President Donald Trump’s UFC extravaganza on the White House South Lawn—but that’s not all.As with any other event hosted by the mixed martial arts behemoth, the UFC Octagon is…
Standard Chartered’s head of digital asset research, Geoff Kendrick, declared Friday that the crypto market has seen its cycle low, with Bitcoin’s recent dip to approximately $59,000 marking the bottom of the latest downturn — a 53% drawdown from its October all-time high of $126,000. “Winter is over. Welcome back to crypto spring,” Kendrick wrote in a Friday note, adding, “I think we have now seen the low in crypto asset prices for the cycle.” Bitcoin had recovered to around $64,000 at the time of Kendrick’s note, representing a roughly 5% gain over the prior week. The bank maintains a…
Blockworks, the New York-based crypto data and investor relations platform, has acquired rival Messari in a deal that underscores the growing consolidation pressure reshaping the digital asset industry — and the steep valuation resets facing once high-flying crypto startups. The acquisition brings together two of the industry’s largest crypto information businesses. Messari, founded in 2018, built a comprehensive data platform covering more than 40,000 digital assets, along with APIs, market intelligence, research tools, and AI-powered workflows used by funds, exchanges, regulators, and developers. Blockworks, also founded in 2018, has focused on the issuer side of crypto capital markets, offering standardized…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Strategy Inc. disclosed a new Bitcoin purchase in a June 8 Form 8-K filing. The company bought about 1,550 BTC between June 1 and June 7 for roughly $101.3 million. Its total holdings stood at 845,256 BTC as of June 7, acquired for about $44.1 billion. The filing also showed fresh ATM equity issuance and a $1 billion cash reserve for dividend and debt obligations. Strategy Inc., formerly known as MicroStrategy, added more Bitcoin to its treasury in early June, according to a June 8…
In brief Three crypto exchanges cancelled campaigns that sought to provide access to the SpaceX IPO. The firms cited tokenized equity platform xStocks’ inability to land allocations in the IPO. Shares of SPCX are up more than 26% from their IPO price of $135. Crypto exchanges Binance, Bybit, and Bitget all refunded customers hoping to gain access to a tokenized version of SpaceX (SPCX) shares on Friday as Elon Musk’s rocket company saw its price rise amid massive hype.The crypto firms returned the customer funds after xStocks, the tokenized equities platform, was unable to secure allocations of the underlying shares,…
June 12th, 2026 – Dubai, United Arab Emirates Mantle, the premier distribution layer connecting traditional finance and on-chain liquidity, today announced the listing of SPCXx, the tokenized SpaceX equity issued by xStocks, available for 24/7 on-chain trading and liquidity provision on Mantle from the day SpaceX completes the largest initial public offering in history. The listing brings on-chain access to one of the most anticipated equity events in history through two of the ecosystem’s flagship venues, Fluxion and Merchant Moe, and opens what is expected to be a strong season of high-demand tokenized equity listings on Mantle. Institutional-Grade Execution via…
Elon Musk’s SpaceX launched trading on the Nasdaq today under the ticker SPCX — and it didn’t arrive empty-handed. The company officially entered the public Bitcoin treasury leaderboard as the 8th largest holder with 18,712 BTC, a position that had been building for years before its historic IPO debut confirmed the full size of the stash. SpaceX’s S-1 filing with the Securities and Exchange Commission first disclosed the 18,712 BTC position back in May, valued at approximately $1.29 billion at the time of filing. The total cost basis was reported at $661 million — an average acquisition price of roughly…
In brief Standard Chartered analyst Geoff Kendrick suggests the crypto market has hit its lowest point following Bitcoin’s recent drop to nearly $59,000. Potential geopolitical relief via a U.S.-Iran peace deal, as well as SpaceX’s IPO, are acting as market catalysts to reverse recent stagnation. Kendrick said confirming a market turnaround will rely on a continued drop in oil prices, renewed Bitcoin ETF inflows, and Strategy’s appetite for buying BTC. The crypto market has taken a heavy beating since Bitcoin notched all-time highs eight months ago, though it’s likely past its nadir, according to Standard Chartered’s Geoff Kendrick.The investment bank’s…
One of Sam Bankman-Fried’s last credible paths to freedom closed Friday as a federal appeals court upheld his fraud conviction and 25-year prison sentence, ruling that the case against him was, in the court’s own words, “conservatively stated, robust.” A three-judge panel of the Manhattan-based 2nd U.S. Circuit Court of Appeals handed down the 42-page opinion on June 12, rejecting every argument Sam Bankman-Fried’s legal team advanced to undo the November 2023 conviction that cemented one of the largest financial collapses in crypto history, according to Reuters. At the heart of the appeal was a claim that the U.S. District…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Kraken says it plans to launch CFTC-regulated perpetual futures for eligible U.S. traders. The products will be listed on Bitnomial Exchange, a CFTC Designated Contract Market acquired by Kraken parent Payward. Clearing will be handled by NinjaTrader Clearing, doing business as Kraken Derivatives US. Initial supported assets are expected to include BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC, and AVAX. Kraken is preparing to launch CFTC-regulated perpetual futures for eligible U.S. traders, a move that could bring one of crypto’s most popular derivatives products…