FT: Kalshi Discusses Fundraising at $40 Billion Valuation

Prediction-market platform Kalshi is discussing a new fundraising round at a $40 billion valuation, the Financial Times reported. The newspaper reported on June 24 that Kalshi is in talks over ways to raise money at that valuation. Kalshi operates a

Binance Withdraws Greece MiCA License Application

Binance has withdrawn its application for a license in Greece as it seeks authorization under the European Union’s Markets in Crypto-Assets regulation, or MiCA. The company said in a post on X on June 24 that it made the decision after carefully revi

Arthur Hayes Says Bitcoin Could Reach $1 Million After AI Bubble Bursts

BitMEX co-founder Arthur Hayes said Bitcoin could rise to $1 million after the artificial intelligence bubble bursts. CryptoSlate reported on June 24 that Hayes made the remarks on the Bankless podcast. He said about $1.5 trillion in AI-related debt

CryptoQuant Says Strategy’s Dividend Coverage Has Dropped to 14 Months

Strategy’s dividend burden has risen sharply while its cash holdings have declined, according to CryptoQuant. CryptoQuant said June 23 that Strategy’s annual dividend payment obligations have quadrupled to $1.2 billion, while its cash holdings have f

Meta Said to Be Developing Prediction-Market App to Rival Polymarket, Kalshi

Meta Platforms Inc. is developing a prediction-market app similar to Polymarket and Kalshi, the New York Times reported on June 23. Chief Executive Officer Mark Zuckerberg directed the project, according to the report. The app, called Arena, is being

Bitcoin Tests $62,000 for First Time in Two Weeks as US Tech Stocks Weaken

Bitcoin tested the $62,000 level for the first time in two weeks as weakness in US technology stocks and a hawkish Federal Reserve weighed on sentiment. Decrypt reported on June 23 that Bitcoin fell as low as $62,000 during the session. Major cryptoc

Vitalik Buterin Says Ethereum Foundation Cut This Year’s Budget by 40%

Ethereum co-founder Vitalik Buterin said the Ethereum Foundation cut its budget by about 40% this year. In a June 23 post on X, formerly Twitter, Buterin wrote that the foundation is trying to become an endowment-based organization with a long-term f

US Stocks Close Mixed; Nasdaq Falls 1.33%

The three major US stock indexes closed mixed on June 23. The Nasdaq Composite fell 1.33% from the previous session to 26,166.60. The Dow Jones Industrial Average rose 0.29% to 51,712.53, while the S&P 500 fell 0.34% to 7,475.17.

Securitize Sues tZERO in Delaware, Calls Patent Claims Baseless

Securitize, a real-world asset tokenization platform, has filed a lawsuit against digital securities infrastructure firm tZERO in federal court in Delaware. Crypto media outlet The Block reported on June 22 that tZERO had previously claimed Securitiz

Trump Says Iran Will Accept Nuclear Inspections

President Donald Trump said Iran will accept inspections related to its nuclear program. Walter Bloomberg reported on June 22 that Trump said Iran would be made to accept large-scale weapons inspections to ensure transparency over its nuclear activit

Vitalik Buterin Says He Published Ethereum Documents Anonymously, Challenges AI to Find Them

Ethereum founder Vitalik Buterin has launched a public test of whether AI-based text analysis can pierce anonymity. In a post on X, formerly known as Twitter, on June 22, Buterin wrote that he had published some fairly important Ethereum-related docu

Rubio to Visit Gulf States for GCC Meeting on US-Iran MOU, Strait of Hormuz

U.S. Secretary of State Marco Rubio will travel to the Middle East to attend a Gulf Cooperation Council meeting. A U.S. State Department spokesperson said on June 22 that Rubio will visit the United Arab Emirates, Kuwait and Bahrain from June 23 to J

CNN Says US-Iran Talks in Switzerland Have Stalled but Not Collapsed

US-Iran talks in Switzerland have stalled, but they have not collapsed, CNN reported. CNN, citing a source, reported on June 21 that the negotiations were temporarily suspended while both sides continued behind-the-scenes contacts to resume the talks

Trump Says No Strait of Hormuz Transit Fees During 60-Day Ceasefire, US Could Impose Them if Deal Fails

President Donald Trump said no transit fees would be charged for passage through the Strait of Hormuz during a 60-day ceasefire. In a Truth Social post on June 20, Trump said there would be no transit fees during the 60-day ceasefire period. He added

Iran Says It Will Send Delegation to Switzerland for Follow-Up Talks With US

Iran said it will send a delegation to Switzerland for follow-up talks with the US. Iran’s semi-official Fars news agency reported on June 20 that a Foreign Ministry spokesman said the delegation would visit Switzerland to discuss follow-up steps in

US Says Israel-Lebanon Talks to Proceed as Planned, Washington Meetings Set for June 23-25

The US State Department said the next round of talks between Israel and Lebanon will proceed as scheduled. CBS News reported on June 19 that Secretary of State Marco Rubio spoke by phone with Lebanese President Joseph Aoun. The US said after the call

Axelar Network Says Bridge Hack Caused $4.67 Million Loss

Axelar Network said a bridge hack caused losses of about $4.67 million. The cross-chain protocol wrote on X on June 19 that it had disabled its connection to Secret Network following the security incident. Its Core Protocol was not affected and conti

Israeli Strikes Kill 47 in Lebanon Ahead of New Ceasefire

At least 47 people were killed in Lebanon in Israeli airstrikes and shelling, according to the country’s Health Ministry. CBS News reported on June 19 that the ministry said at least 47 people were killed and 97 wounded in Israeli attacks that day. T

Morgan Stanley Bitcoin ETF Buys More Than $25 Million of BTC This Week

Morgan Stanley’s spot Bitcoin exchange-traded fund bought more than $25 million of Bitcoin this week even as selling pressure persisted across the broader market. Bitcoin Magazine reported on June 19 that the ETF maintained net buying despite investo

US Stocks Reverse Higher; Nasdaq Rises 1.91%

The three major US stock indexes turned higher. The Nasdaq Composite rose 1.91% to 26,517.93 as of 12:05 a.m. on June 20. The Dow Jones Industrial Average gained 0.14% to 51,564.70, while the S&P 500 advanced 1.08% to 7,500.58.

Iran’s Supreme Leader Says He Won’t Accept Excessive US Demands

Ayatollah Seyyed Mojtaba Khamenei, Iran’s supreme leader, said he would not accept excessive US demands in negotiations between the two countries. Khamenei said on June 18, according to Walter Bloomberg, that “if the American side demands too much, w

Strategy’s STRC Preferred Falls to Record Low on Financing Concerns, Not Bitcoin

Strategy’s perpetual preferred stock, STRC, has fallen to a record low, with market चिंता focused more on the company’s financial structure than on Bitcoin’s price. Decrypt reported on June 18 that CoinShares Head of Research James Butterfill said un

Ethereum Foundation Co-Executive Director Hsiao-Wei Wang Resigns From Board

Hsiao-Wei Wang, co-executive director of the Ethereum Foundation and a member of its board, has officially resigned, crypto media outlet Wu Blockchain reported on June 18. Wang said Ethereum’s core strength lies in a permissionless, open infrastructu

Bitcoin Briefly Falls Below $63,000

Bitcoin briefly fell below the $63,000 mark. As of 12:48 a.m. on June 19, Bitcoin was trading at $62,774.02 on Binance's Tether market, down 4.18% from a day earlier.

US Stocks Close Lower, With Nasdaq Down 1.35%

The three major U.S. stock indexes closed lower on June 18. The Nasdaq Composite fell 1.35% from the previous session to 26,021.66. The Dow Jones Industrial Average dropped 0.97% to 51,493.16, while the S&P 500 declined 1.31% to 7,412.59.

Fed's Warsh Says Inflation Remains Well Above Target

Federal Reserve Chair Kevin Warsh said inflation remains well above the central bank's target. At a press conference after the Federal Open Market Committee meeting on June 17, Warsh said inflation is "well above" the Fed's 2% goal and that persisten

Starknet Co-Founder Says Crypto Industry Faces Worst Downturn in Its History

Starknet co-founder Eli Ben-Sasson said the cryptocurrency industry has entered the most severe downturn in its history. In comments published by crypto media outlet U.Today on June 17, Ben-Sasson said startup closures and budget cuts are setting new

Trump Says Strait of Hormuz Will Fully Reopen Soon

President Donald Trump said the Strait of Hormuz will fully reopen soon. Walter Bloomberg reported on June 17 that Trump expressed optimism about progress toward an agreement between the US and Iran, saying the strait would be fully reopened soon. Th

US Stocks Close Mixed; Nasdaq Falls 1.15%

U.S. stocks closed mixed on June 17. The Nasdaq Composite fell 1.15% from the previous session to 26,376.34. The Dow Jones Industrial Average rose 0.64% to 52,002.94, while the S&P 500 fell 0.56% to 7,512.15.

Iran Says Follow-Up Talks With US to Begin Same Day as MOU Signing

Iran said it will begin follow-up negotiations with the US on a final agreement immediately after the two sides sign a memorandum of understanding, or MOU. Walter Bloomberg reported on June 16 that Iran’s foreign minister said talks between Washingto