FTX token (FTT) spikes 50% as Sam Bankman-Fried seeks presidential pardon

[ad_1] Sam Bankman-Fried (SBF), the disgraced founder of the bankrupt FTX exchange, is serving a quarter-century in federal prison for orchestrating one of the largest financial frauds in US history. Yet, crypto... Read more »

Big banks may have found their answer to the CLARITY Act’s stablecoin challenge

[ad_1] The Clearing House, the bank-owned operator of core U.S. payment infrastructure, is preparing a system that lets banks settle deposits on-chain. Its June 5 announcement puts the largest U.S. banks behind... Read more »

Ethereum’s $1,500 test shows how quickly Wall Street’s crypto trade has turned

[ad_1] Ethereum’s slide to its lowest level in more than a year is testing the Wall Street trade that brought the token deeper into institutional portfolios. Data from CryptoSlate shows that the... Read more »

Hyperliquid’s UK warning reveals the regulatory test behind its Wall Street push

[ad_1] Hyperliquid’s rapid growth has drawn a warning from Britain’s financial regulator, adding a consumer-protection concern to a platform increasingly watched by Wall Street and traditional market operators. The Financial Conduct Authority... Read more »

Crypto exchanges are losing retail traders but are filling the gap with Wall Street-style bets

[ad_1] Crypto exchanges are seeing the weakest retail-driven activity in years, but some of the biggest platforms are finding a lucrative new source of volume in Wall Street-style bets on gold, silver,... Read more »

Cardano founder floats splitting his own blockchain after warning more apps will die

[ad_1] Charles Hoskinson raised the possibility of splitting Cardano after the collapse of one of its best-known ecosystem tools exposed a deeper fight over money, governance, and who has the power to... Read more »

A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off

[ad_1] Apyx’s apxUSD fell below its dollar reference on June 4 as Bitcoin traded near $63,000, putting DeFi dollar peg risk back in focus. A Bitget report said the token briefly touched... Read more »

A 2011 physical Bitcoin loaded with 25 BTC was just unlocked during the $62k selloff

[ad_1] A Casascius coin tied to 25 BTC moved this week, converting a 2011 physical Bitcoin artifact into spendable BTC during a broader market selloff. Galaxy Research identified the item as an... Read more »

Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion

[ad_1] Thomas Lee’s BitMine is turning to the preferred-stock market to raise fresh capital for its Ethereum strategy, offering investors a 9.5% annual payout. On June 3, the company revealed plans to... Read more »

Banks pushed Congress to kill stablecoin yield with CLARITY Act

[ad_1] For traditional US banks, the CLARITY Act was intended as a firewall that effectively barred crypto companies from offering “passive” interest on stablecoins. The legislation aimed to prevent a catastrophic deposit... Read more »