Monday, June 22

Crypto

Solana Treasury Firms Reject Forward Industries Acquisition Push

Solana treasury companies are resisting acquisition attempts by Forward Industries, with two firms rejecting proposed combinations and a third allowing its offer to expire without responding.Forward said Monday that Solana Company (HSDT), formerly Helius Medical Technologies, rejected an all-stock proposal…

Bitcoin Doesn’t Need Ethereum-Style Yield: Michael Saylor

Strategy executive chairman Michael Saylor said Bitcoin does not need staking, inflation or protocol-based yield mechanisms, arguing returns should come from financial products built around BTC.In an X post on Tuesday, Saylor outlined a five-layer “Digital Asset Stack” positioning Bitcoin…

IREN Enters Europe With Spanish AI Data Center Acquisition

Bitcoin miner IREN has completed its acquisition of the Spanish data center developer Nostrum Group, marking its entry into Europe as the company builds out its artificial intelligence cloud business.IREN said in a press release on Monday that the acquisition…

Bitcoin Momentum Weak as Recovery Rests on US-Iran Deal

Bitcoin’s recovery is hinged on a successful peace deal between the US and Iran as its onchain metrics show the cryptocurrency remains weak despite its recent recovery, analysts say.Nick Ruck, a director at LVRG Research, told Cointelegraph that despite Bitcoin…

US Government Watchdog Urges FDIC Address Crypto Oversight

The US Government Accountability Office has urged the Federal Deposit Insurance Corporation to make an effort to coordinate with other federal agencies to address risks from blockchain technology.GAO made a June 8 letter to FDIC Chairman Travis Hill public on…

Anthropic Ban Drives Demand for Decentralized AI Tokens

Anthropic’s decision to shut down access to its latest artificial intelligence models after a US order to suspend access to foreign nationals highlights the risks of centralized control in AI, which could increase demand for decentralized alternatives, says Grayscale. Grayscale head…

Bitcoin Covenants

Recently, the concept of so-called covenants has received renewed attention as Bitcoin development and protocol discussions underwent a renaissance. Covenants could enable and facilitate a wide range of applications, including new trustless and scalable layer 2s, fully non-custodial vaults with…

Bybit Launches Tokenized Fixed-Income Products for Users

Crypto exchange Bybit will offer eligible customers access to tokenized bond funds managed by PIMCO and China Merchants Bank International, expanding its push into real-world assets through partnerships with Plume and DigiFT. Bybit’s new RWA Earn platform launched with two…

Kraken Launches Regulated Crypto Perpetual Futures in US

Kraken on Monday launched perpetual futures trading for eligible US users through Bitnomial, expanding its domestic derivatives offerings months after acquiring the federally regulated exchange.The products are available through Kraken Pro and include contracts tied to major cryptocurrencies including Bitcoin…

BitMine Nears 5% of ETH Supply With B Holdings Despite Bear Market

BitMine Immersion Technologies continued to expand its Ether holdings last week, acquiring more of the second-biggest digital asset despite a prolonged market downturn as its large staking operation continues to generate yield.On Monday, the crypto treasury company reported that it…

Pudgy Penguins Winds Down Pudgy Party After 1M Downloads

Non-fungible token (NFT) project Pudgy Penguins is winding down its mobile game Pudgy Party and halting further development.In an X post, the team said on Saturday that it would shift its gaming resources toward Pudgy World, a browser-based experience which…

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