Tuesday, June 23

Crypto

NAKA Down About 65% YTD and Over 99% From its All-Time High

Nakamoto (NAKA) is trading down more than 10% on Wednesday just days after the Bitcoin treasury company completed a 1-for-40 reverse stock split undertaken to stay compliant with the Nasdaq stock exchange’s listing criteria. NAKA stock is down by about 67%…

Bitcoin, Altcoins Selloff Amid Rising ETF Outflows

Key points:Bitcoin is under pressure as net outflows from the BTC ETFs highlight a shift in institutional investor sentiment.Most major altcoins look weak, suggesting the bears are in control.Bitcoin (BTC) fell below $75,000 on Wednesday, indicating that the bears are…

Mastercard Secures New York BitLicense for Crypto Operations

Mastercard’s US transaction services unit has received a BitLicense from the New York State Department of Financial Services (NYDFS), allowing the payments giant to conduct regulated digital asset business activity in the state.The company announced the license approval on Wednesday,…

StakeDAO vsdCRV Attacker Limited to K By Thin Liquidity

An attacker minted more than 5.4 trillion vsdCRV on Arbitrum after a suspected compromise of a StakeDAO-linked deployer key, though thin liquidity limited the realized proceeds to about $91,000.Blockchain security firm PeckShield said Wednesday the attacker swapped part of the…

South Korea Makes First Arrest Tied to Memecoin Rug Pull: report

South Korean prosecutors charged a group in an alleged rug pull involving the Solana-based memecoin Catpie, or CATFI, in what local media described as the country’s first decentralized exchange (DEX) rug-pull prosecution.The group was reportedly apprehended by the Seoul Southern…

RWAs Hit B as Private Credit Tops Growth: Bernstein

The tokenized real-world asset (RWA) market has grown to $51 billion, up 42% this year, as private credit becomes the largest segment of the market, according to a Bernstein Research report seen by Cointelegraph.Private credit accounted for roughly 44% of…

Strategy Buys Back .5B of Debt at Discount

Michael Saylor’s Strategy, the largest corporate Bitcoin holder, has repurchased $1.5 billion of its 0% convertible senior notes due in 2029 for $1.38 billion at an 8% discount to par, in a move that significantly cuts future debt obligations.The purchase…

Sharplink, Gemini Among Crypto Firms Eyed for Russell Indexes

A range of crypto companies have been included in a preliminary list for potential inclusion in the Russell 3000 index, including treasury firms Sharplink and Forward Industries, along with crypto exchange Gemini and crypto services firm Galaxy Digital. A preliminary index…

Ethereum Bull David Hoffman Shares Why He Sold His ETH

David Hoffman, an Ethereum advocate and the co-founder of the media company Bankless, says he sold the remainder of his Ether (ETH) holdings last week as he believes the “ETH is Money” thesis has largely “played out.”Hoffman said in an…

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