Major Japanese financial services group SBI Holdings announced the acquisition of crypto exchange Bitbank for $289 million, with the deal expected to close in October 2026, marking traditional finance’s accelerating entry into digital assets.
Coinbase’s Base layer-2 network experienced a roughly two-hour outage that temporarily halted transaction processing. The network has since resumed normal operations.
The $2.5 trillion asset manager Invesco has filed for a tokenized fund investing primarily in U.S. Treasuries and repos, targeting the stablecoin reserve market.
A sweeping cryptocurrency bill faces a narrowing path to passage as pressure grows on the Senate to take up the legislation next month.
Bitcoin miners face an intensifying profit squeeze as industry-wide revenue has fallen below production costs, forcing some high-cost operations to seek transformation.
Summary US Senate Democrats have formally requested congressional hearings into a $500 million investment by UAE government-linked officials into World Liberty Financial, the cryptocurrency platform launched by the Trump family. Lawmakers are questioning whether the massive investment influenced President Trump’s policy decisions on cryptocurrency and Middle East affairs, sparking widespread discussion about conflicts of interest. Details According to CoinDesk, Senate Democrats sent letters to relevant committees demanding a full investigation into UAE government officials’ $500 million injection into World Liberty Financial. The platform was launched by the Trump family in 2024, aiming to build a decentralized financial services ecosystem. ...
Core Summary The US Commodity Futures Trading Commission has filed a legal action against Kentucky over prediction market jurisdiction. This is the latest move by the federal agency against state-level regulatory barriers, highlighting the power struggle between federal and state governments in the emerging fintech sector. Overview Kentucky becomes the latest state to clash with the federal agency over prediction market regulation. Multiple states have previously faced CFTC legal action over similar issues. The agency maintains that prediction markets fall under commodity trading and should be regulated uniformly at the federal level, not by individual state legislation. ...
Core Summary Meta is developing a prediction market application called Arena, according to the New York Times. The app will allow users to forecast future events using a points-based system rather than cash wagers, designed to navigate regulatory concerns. Overview This move comes as the prediction market sector expands rapidly. Platforms like Polymarket have already achieved major success in the crypto space. Meta’s entry signals that tech giants are recognizing the potential of this emerging sector. ...
Core Summary Ethereum co-founder Vitalik Buterin has announced that the Ethereum Foundation will slash its budget by 40% and cut 20% of its workforce. The restructuring comes alongside the departure of co-Executive Director Hsiao-Wei Wang, marking the most significant organizational overhaul in the Foundation’s history. Event Details The Ethereum Foundation confirmed the major restructuring on June 23. Vitalik Buterin stated the Foundation will reduce its budget by 40% to allocate resources more efficiently. On the same day, the Foundation confirmed a 20% workforce reduction and a reorganization into five core clusters. ...
Ether’s Biggest Corporate Holders Back Ethlabs Nonprofit SharpLink and Bitmine, the two largest corporate holders of ether, along with Consensys CEO Joe Lubin, have jointly backed the formation of Ethlabs, a new nonprofit research organization. According to CoinDesk and The Block, Ethlabs will focus on advancing Ethereum’s “next phase of growth,” with emphasis on institutional adoption and core protocol development. The formation of Ethlabs signals a shift in Ethereum’s governance landscape, as corporate participants increasingly take on roles traditionally held by the Ethereum Foundation. ...