Author: James Wilson

Binance Wallet’s SpaceX IPO campaign attracted about $557 million in subscription funds, showing strong onchain demand for tokenized exposure to the planned listing. Summary Binance Wallet’s SpaceX IPO campaign drew about $557 million from 27,689 onchain addresses, Dune data showed. Smaller subscriptions dominated address count, but larger wallets provided most funds committed to the campaign. The campaign offers tokenized SpaceX exposure through SPCXx, but final allocations are not guaranteed. Binance Wallet campaign draws $557M Dune data showed that Binance Wallet’s SpaceX IPO subscription campaign attracted about $557 million from 27,689 addresses. The figures show strong demand for SPCXx, a tokenized…

Avalanche Treasury Co. had a weak first trading session on Nasdaq as its stock closed sharply lower under the ticker AVAT. Summary AVAT closed 38.13% lower as investors priced Avalanche exposure through a new Nasdaq-listed treasury vehicle. Avalanche Treasury holds about 15 million AVAX while the token remains near early 2021 levels. AVAX traded at $6.64, with monthly losses keeping pressure on ecosystem-linked public market shares. Avalanche Treasury Co. closed at $1.85 on Thursday, down 38.13% in its Nasdaq debut. Google Finance data showed the stock opened at $2.99, reached a high of $3.00, and fell as low as $1.75…

US lawmakers have introduced legislation to create a federal task force focused on cryptocurrency theft, fraud, and hacking investigations. Summary Bipartisan lawmakers introduced a bill creating a federal crypto crime task force. The proposed unit would include the DOJ, FBI, DHS, and Treasury Department. The legislation aims to improve investigations, victim reporting, and law enforcement coordination. The proposal follows a year in which Americans reported more than $11 billion in crypto-related losses. If approved, the measure would establish a coordinated reporting and enforcement framework across multiple federal agencies. Crypto fraud losses drive call for coordinated enforcement Bipartisan lawmakers introduced the…

The US government has transferred nearly $984,000 in cryptocurrency linked to Alameda Research and FTX. The US transferred nearly $984K in seized FTX and Alameda-linked crypto. About $768K of the funds moved to Coinbase Prime, according to Arkham data. Arkham data shows US government crypto holdings total about $20.93B. Blockchain data shows that most of the funds moved to Coinbase Prime as authorities continue managing seized assets. The transfers form part of ongoing efforts tied to the recovery and distribution process following the FTX collapse. Coinbase Prime receives portion of seized FTX funds Arkham Intelligence data showed movement from wallets…

US stocks surged after comments from President Donald Trump reduced concerns about a potential military escalation with Iran. Summary US equities added about $1.2T in value within 20 minutes. The S&P 500 rose 1.33%, while the Nasdaq gained 1.75%. Trump’s Iran remarks eased escalation fears and lifted market sentiment. Major equity indexes recorded strong gains after reports said Trump cancelled planned airstrikes and pointed to possible progress in talks with Tehran. Market figures shared online showed more than $1.2 trillion in combined market value returned to US equities within minutes. Markets rally after reports of eased Iran tensions According to…

Binance has expanded its tokenized stock lineup with five new bStocks while teasing a future SpaceX-linked token, adding another high-profile name to its growing real-world asset offering. Summary Binance added tokenized bStocks for Circle, Nvidia, Tesla, Micron, and Sandisk on its spot market. The exchange teased a future SpaceX-linked token (SPCXB) as interest in the company’s IPO grows. SpaceX faces a lawsuit tied to Grok safety concerns, but Oppenheimer still issued a $190 price target. According to a June 11 announcement from Binance, the exchange has introduced tokenized trading pairs tied to Circle, Nvidia, Tesla, Micron, and Sandisk through its…

Nakamoto Inc. has reduced outstanding debt by approximately $45 million through Bitcoin-related asset sales and refinancing actions. Summary Nakamoto sold about 600 Bitcoin and derivatives to reduce debt by $45M. The company retained 4,467 BTC and extended most debt maturity into 2027. Nakamoto approved a $25M buyback and regained Nasdaq bid price compliance. The company also extended most of its remaining debt maturities into 2027 and lowered borrowing costs under revised loan terms. Alongside the balance sheet changes, Nakamoto authorized a $25 million share repurchase program and regained compliance with Nasdaq listing requirements. Nakamoto reduces leverage through Bitcoin sale Nakamoto…

Bitcoin price has erased losses triggered by a hotter-than-expected U.S. inflation report, rising above $63,000 after Donald Trump unveiled details of a potential peace deal involving Iran. Summary Bitcoin price rebounded above $63,000 after Donald Trump announced the cancellation of planned U.S. strikes on Iran and revealed progress toward a peace agreement. The rally erased losses caused by hotter-than-expected U.S. producer inflation data, which had briefly pushed BTC toward $62,500. Technical indicators and CoinGlass liquidation data point to the $64,500-$65,000 zone as the next major resistance area. According to market data, Bitcoin (BTC) price rose from around $62,300 to as…

MassPay has partnered with Coinbase to integrate stablecoin funding and settlement into its cross-border payout network, giving enterprise customers access to USDC-based payments across 180 countries. Summary MassPay has integrated Coinbase’s payment infrastructure to enable USDC-powered cross-border payouts across 180 countries. Corporate clients can fund in USD, convert to USDC through Coinbase, and distribute payments in crypto or local fiat currencies. Coinbase will provide custody, wallets, settlement, and payment orchestration, while MassPay manages payout delivery through its global network. According to the companies’ announcement, eligible MassPay clients can send USDC globally, manage treasury operations through Coinbase Prime custody, and settle…

The International Monetary Fund has urged Nepal to strengthen monitoring of crypto activity across its financial system. Summary IMF reports show crypto inflows in Nepal rose even after the 2021 nationwide ban on trading and mining. Stablecoins now account for a growing share of crypto activity, driven mainly by cross-border payment usage. Nepal’s central bank maintains strict prohibition while IMF calls for stronger oversight of digital asset flows. Nepal continues to face rising digital asset flows despite a nationwide ban on trading and mining. The IMF linked these movements to stablecoin usage and cross-border transfers across multiple reporting periods. According…