Author: James Wilson

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…

Federal prosecutors have charged two alleged operators of a cryptocurrency laundering service that processed more than $389 million in transactions and received over 10,000 Bitcoin since launching in 2021. Summary U.S. prosecutors charged two alleged AudiA6 operators after tracing more than $389 million in cryptocurrency transactions through the laundering service. Authorities said the network received over 10,000 Bitcoin since 2021, including funds linked to darknet markets, ransomware groups and cybercrime services. An international operation led to arrests in Georgia, server seizures across multiple countries, and the freezing of cryptocurrency assets. According to the U.S. Attorney’s Office for the Eastern District…

Citigroup is rolling out a blockchain-based platform that lets wealthy and institutional clients trade tokenized shares of private companies.  Summary Citi will offer tokenized private-company shares to wealthy and institutional clients, starting with foreign investors. The platform uses tokenized depositary receipts, with Citi serving as issuer and custodian for clients. Demand is rising as firms like SpaceX and Anthropic delay public listings while investor interest grows. The venture will start with foreign investors, according to a Wall Street Journal report. The platform comes as demand grows for access to large private companies that have stayed away from public markets. Investors…

Digital Asset Holdings has raised $355 million in a new funding round led by Andreessen Horowitz’s main crypto fund.  Summary Digital Asset secured $355m led by a16z after a prior $300m May round report surfaced. Canton Network has supported $6t in tokenized issuance as Wall Street adoption accelerates today globally. Institutional backers include Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, HSBC and ADIA. The round adds fresh capital to the company behind Canton Network, a blockchain built for financial institutions and tokenized assets. Andreessen Horowitz’s a16z crypto contributed $100 million to the raise. Other backers included Citadel Securities,…

Bitcoin has confirmed a major rounding top breakdown after losing the $65,000 support zone, with technical indicators and derivatives positioning pointing to a possible decline toward the mid-$40,000 range. Summary Bitcoin price has broken below the neckline of a major rounding top pattern, with the chart projecting a downside target near $47,000. Spot Bitcoin ETFs recorded $213.8 million in outflows on June 10, extending a four-day withdrawal streak after a 13-day selloff that drained $4.33 billion. Liquidation clusters around $64,000-$65,000 remain a key resistance zone, while losing $60,000 support could accelerate downside pressure. According to data from crypto.news, Bitcoin (BTC)…

Tom Lee has suggested that BitMine Immersion Technology may not need to keep buying Ethereum beyond its 5% supply target.  Summary Tom Lee said BitMine may not need to hold more than 5% of Ethereum supply. BitMine holds about 5.54m ETH, equal to nearly 4.6% of Ethereum’s circulating supply today. Fresh on-chain data showed BitMine bought another 25,000 ETH from BitGo as price rebounded. The remark points to a possible slowdown after months of large ETH purchases. The comment came as BitMine continued adding Ethereum during a weak market. On-chain data showed the company bought another 25,000 ETH from BitGo,…