Sunday, June 21

Business

Bitcoin ETFs Shed a Record .4B in 30 Days

US-listed spot Bitcoin exchange-traded funds recorded their largest 30-day net outflow since launching in January 2024 amid a crypto bear market. According to data from Galaxy Research, US Bitcoin ETFs saw $6.35 billion in net…

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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…

2026 budget ambitious but unviable – BudgIT

Civic tech organisation BudgIT has raised concerns about the Nigerian Government’s 2026 budget, calling it “ambitious, but unrealistic” and unviable. The organisation noted in a statement on Monday that, with revenue projected at N36.9 trillion and expenditure at N68.3 trillion,…

CBN orders banks, fintechs to store payment data locally

The Central Bank of Nigeria has directed banks, fintech firms, and other payment service providers to store payment transaction data generated within the country on local servers from January 1, 2027, as part of new measures to strengthen oversight of…

CBN unveils new benchmark rate to boost financial market credibility

The Central Bank of Nigeria on Monday launched the Nigerian Overnight Financing Rate, a new transaction-based benchmark interest rate designed to strengthen transparency, improve monetary policy transmission and deepen the country’s financial markets. Speaking at the launch of the benchmark…

DeFi Could Reach .7T as Tokenization Expands: StanChart

Standard Chartered expects assets locked in decentralized finance (DeFi) to grow 37-fold to $2.7 trillion by the end of 2030.The expansion would be driven by both tokenized real-world assets (RWAs) and crypto-native assets moving through onchain protocols, Geoff Kendrick, head…

Strategy Adds 1,587 Bitcoin Through MSTR Stock Sales

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its cryptocurrency reserves last week as BTC continued to trade below the company’s average cost basis of about $75,700.Strategy acquired 1,587 Bitcoin (BTC) for $100 million between June 8…

Bitbank Warns of Account Suspensions Over Polymarket Use

Bitbank, one of Japan’s largest cryptocurrency exchanges, warned users that transactions linked to prediction market platforms such as Polymarket could result in account suspensions due to potential conflicts with the country’s gambling laws.In a notice published on Monday, Bitbank said…

Oil prices tumble as US, Iran reach peace deal

Global crude oil prices recorded a steep decline on Monday following a peace agreement between the United States and Iran, bringing an end to more than two months of hostilities that disrupted global energy markets and fuelled inflationary pressures across…

Aztec Connect Exploited For .1 Million

Aztec Connect, a deprecated decentralized finance platform, was drained of around $2.1 million in crypto on Sunday after an attacker exploited its verification function.Aztec Labs posted to X on Sunday that it was “investigating a potential exploit affecting Aztec Connect,”…

Firm unveils industrial battery storage solution

TranESS has introduced a new energy storage solution aimed at commercial and industrial solar power users as part of efforts to expand battery storage options in Nigeria’s growing renewable energy market. As businesses and households embrace solar power and self-generation…

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