Author: James Wilson

Humanity Protocol has attributed a roughly $36 million token theft to hackers linked to North Korea after an investigation found that attackers gained access to critical private keys through a compromised developer device. Summary Quantstamp linked Humanity Protocol’s $36 million exploit to tactics associated with North Korea-linked hackers. Attackers gained access to seven private keys stored on a malware-infected developer machine and drained 141 million H tokens. Humanity Protocol said no smart contracts were exploited, with the breach resulting from compromised credentials instead. According to Humanity Protocol’s June 13 disclosure of a security investigation conducted by Quantstamp, attackers obtained control…

Grayscale Investments has filed an amended registration statement for its proposed spot NEAR ETF. Summary Grayscale amended its spot NEAR ETF filing and added SEC Registration No. 333-292834. BitGo replaced Coinbase Custody as primary custodian, while Coinbase remains an additional custodian. The filing updated NEAR data, including 1.3 billion circulating tokens and a $1.5 billion market cap. The update introduces custody changes and revised disclosures tied to the NEAR Protocol ecosystem. The filing arrives as investor interest in artificial intelligence-linked crypto assets increases following SpaceX’s public market debut. Grayscale revises NEAR ETF registration According to the amended S-1 filing submitted…

Canaan has achieved a record fleet efficiency of 17.9 J/TH in North America even as roughly 36% of its installed mining capacity remained inactive at the end of May. Summary Canaan’s North American mining fleet reached a record efficiency of 17.9 J/TH in May, improving 11% year-over-year. Despite the efficiency gains, only 6.47 EH/s of its 10.05 EH/s installed capacity was operational at month-end. The update comes after Canaan reported an $88.7 million Q1 net loss and guided for weaker-than-expected Q2 revenue. According to a June operational update from Canaan, the Nasdaq-listed Bitcoin miner and ASIC manufacturer improved the efficiency…

A Seychelles court judgment tied to delisted CHP tokens has placed KuCoin under renewed legal scrutiny. Summary A Seychelles court ordered KuCoin to compensate a Swiss investor over 21 million delisted CHP tokens. The investor claims KuCoin has not paid the judgment or participated in related court proceedings. The ruling rejected KuCoin’s claim that unwithdrawn delisted tokens became abandoned property. A Swiss investor claims the exchange has not paid a court-ordered award exceeding $2 million. The dispute centers on 21 million CHP tokens and a ruling issued by the Seychelles Supreme Court in December 2025. Court ruling centers on delisted…

Coinbase has unveiled the next stage of its expansion strategy, with plans to combine trading, lending, payments, derivatives, and AI-powered services into a single financial platform. Summary Coinbase will unveil the next phase of its “Everything Exchange” strategy on June 16. New products span AI trading agents, prediction markets, stocks, lending, and DeFi services. Bernstein sees Coinbase benefiting from up to $10 billion in World Cup-related prediction market activity. According to a company blog post published by Coinbase executive Max Branzburg, the crypto exchange is building what it describes as a unified account where users can access multiple financial products…

The Commodity Futures Trading Commission has taken New Mexico to federal court over efforts to regulate prediction markets. Summary The CFTC sued New Mexico officials to stop state gaming laws from applying to Kalshi contracts. New Mexico accused Kalshi of offering unlicensed sports betting and allowing underage participation. CFTC Chair Michael Selig said federally regulated exchanges fall under the agency’s jurisdiction. The lawsuit targets state officials after New Mexico moved against Kalshi over alleged unlicensed sports betting activity. The dispute adds another chapter to the growing conflict between state regulators and federal authorities over prediction market oversight. CFTC challenges New…

Binance has canceled its SpaceX IPO campaign and announced full refunds after allocation issues disrupted one of the most anticipated tokenized stock offerings tied to the record-breaking public debut. Summary Binance canceled its SpaceX IPO campaign and refunded all participating users after allocation issues disrupted the offering. Bybit also returned 100% of subscription funds, citing xStocks’ failure to deliver the underlying assets. Despite the allocation problems, SpaceX shares surged as much as 20% after debuting on Nasdaq, pushing its valuation above $2 trillion. According to a June 12 announcement, Binance has canceled its SpaceX IPO subscription campaign due to circumstances…

Federal prosecutors have charged a Tennessee resident over an alleged cryptocurrency investment operation that authorities say misused investor funds. Summary Federal prosecutors charged Misam Abidi with operating an alleged crypto Ponzi scheme through Star Credit Holdings. Authorities allege Abidi diverted more than $1.9 million of investor funds to himself and family members. The indictment includes wire fraud, money laundering, unlicensed money transmission, and false tax return charges. Court documents accuse the defendant of making false claims about returns, reserves, and assets under management. The Justice Department announced the charges on Friday and outlined allegations covering activity between 2020 and 2024.…

SpaceX shares have drawn a fair value estimate of $63 from Morningstar even as bullish forecasts have pushed price targets as high as $190 following the company’s public market debut. Summary Morningstar estimates SpaceX is worth $63 per share, far below its $135 IPO pricing. Despite valuation concerns, some analysts believe strong demand could push the stock toward $190. SpaceX speculation has boosted activity across crypto markets, including SPCX tokens, Velvet, and Hyperliquid. According to a Wall Street Journal report, analysts at Morningstar believe SpaceX stock is trading well above its underlying value despite the intense demand surrounding the offering.…

Ethena Labs has planned a $250 million allocation to Securitize’s tokenized AAA-rated CLO fund as the product expands to Solana. Summary Securitize has expanded its tokenized AAA rated CLO fund to Solana, with Ethena Labs planning a $250 million allocation. The fund invests in U.S. dollar denominated AAA rated CLO tranches and is supported by BNY as custodian and sub adviser. According to a June 12 press release, the Securitize Tokenized AAA CLO Fund (STAC) is now available on Solana, extending access to a fund focused on U.S. dollar-denominated AAA-rated collateralized loan obligation tranches sourced from both primary and secondary…