Elon Musk’s SpaceX IPO fever sparks $1 billion crypto bet before Nasdaq debut

Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion through SpaceX-linked perpetual futures in the last three days as investors try to front-run one of the largest public offerings in Wall Street history. The shift comes as retail investors face limited allocations in a heavily […]

Continue Reading

UK mutual funds may soon be allowed to hold crypto ETNs, but only with a 10% leash

The UK Financial Conduct Authority is weighing a rule that would let UCITS schemes and most non-UCITS retail schemes hold crypto exchange-traded notes, capped at 10% of scheme property. The proposal, set out in the FCA’s CP26/17 consultation, would move crypto exposure deeper into regulated fund plumbing. Retail investors already gained a route to crypto […]

Continue Reading

Humanity Protocol’s H crash exposes the private keys behind its ZK identity pitch

Amid crypto’s ongoing DeFi hack crisis, Humanity Protocol’s H token crash has turned a biometric identity project into the latest example of the sector’s oldest failure mode: control of keys. The project is built around proof-of-humanity infrastructure, with official materials describing palm biometrics, zero-knowledge proofs, decentralized identifiers, and verifiable credentials as parts of a privacy-preserving […]

Continue Reading

Trump family’s $2.3B crypto windfall matched by $2.25B in investor losses, Reuters finds

President Donald Trump’s family has turned crypto into one of the most lucrative businesses tied to its name, outpacing some of the companies that spent years building the digital asset market. Between the post-election momentum of November 2024 and April 2026, ventures tied to the US President generated roughly $2.3 billion in pretax crypto income, […]

Continue Reading

Circle wants wrapped Bitcoin to look bank grade before institutions trust it as collateral

Circle has launched cirBTC on Ethereum, but the larger play is to make wrapped Bitcoin look like collateral infrastructure institutions can route through DeFi, OTC desks, lending markets, treasury systems, market makers, and settlement flows. cirBTC is live on Ethereum and backed 1:1 by native BTC, according to Circle’s launch materials. The company says the […]

Continue Reading

A $239B claim on dormant Bitcoin wallets faces a new obstacle after old address moves

A court in New York has paused a lawsuit that asks it to transfer title over 39,069 Bitcoin wallets. The June 5 order to show cause stayed further proceedings on the plaintiffs’ declaratory-judgment claim, including any request for an inquest or default judgment, until a July 14 hearing on a proposed amicus brief from attorney […]

Continue Reading

Ethereum’s $1,500 test shows how quickly Wall Street’s crypto trade has turned

Ethereum’s slide to its lowest level in more than a year is testing the Wall Street trade that brought the token deeper into institutional portfolios. Data from CryptoSlate shows that the second-largest cryptocurrency fell to as low as $1,506 during the last 24 hours, its weakest level since April 2025, extending a broad crypto selloff […]

Continue Reading

AI’s $800 billion spending boom is becoming Bitcoin’s Fed problem

For the better part of two years, Wall Street has treated AI as the most bullish trade on the board, a growth engine that turbocharges earnings, underwrites stretched valuations, and promises a productivity windfall somewhere down the road. However, the Fed has access to the same numbers and seems to be more inclined to treat […]

Continue Reading

Hyperliquid’s UK warning reveals the regulatory test behind its Wall Street push

Hyperliquid’s rapid growth has drawn a warning from Britain’s financial regulator, adding a consumer-protection concern to a platform increasingly watched by Wall Street and traditional market operators. The Financial Conduct Authority (FCA) placed Hyperliquid and the Hyper Foundation on its warning list, saying the firm may be providing or promoting financial services in the UK […]

Continue Reading