Citigroup Launches Tokenized Private Share Trading for Wealthy Global Clients
Key Takeaways Citigroup launched tokenized depositary receipts for private shares via blockchain rails. Citi targets demand for firms like SpaceX as private markets stay closed longer. Citi plans U.S. expansion after foreign rollout and may add more blockchain networks. Citigroup…
World Cup 2026 Could Draw $50 Billion in Bets, a First for Prediction Markets
Key Takeaways Macquarie projects over $50 billion in global World Cup 2026 bets, up from $35 billion at Qatar 2022. It’s the first World Cup with Kalshi and Polymarket taking U.S. action, amid a live CFTC jurisdiction fight. Crypto sportsbooks…
Hyperliquid Whale Holds 81% Short Book and $2.7M Profit as HYPE Bet Pays off
Key Takeaways Nansen flagged a Hyperliquid trader 81% short with a $2.7M all-time profit on June 11. The wallet’s $13.57M HYPE short sits up $539K, alongside winning ETH and BTC shorts. HYPE is trading near $58, about 28% below its…
CFTC’s Mike Selig Vows to End Regulation by Enforcement as He Steers US Crypto Solo
Key Takeaways Selig has pledged to end “regulation by enforcement,” promising rule-based CFTC crypto oversight. As the CFTC’s only commissioner, Selig now sets policy over crypto, derivatives and a $36.6B prediction market. A finalized perpetual-futures rule could return offshore crypto…
XRP Sentiment Sinks to Lowest Since October 2025 as Santiment Flags Trader Fatigue
Key Takeaways XRP sentiment has hit an 8-month low, matching its October 2025 trough, per Santiment. XRP is currently trading near $1.13, down about 38% in 2026, with the $1 support level now within reach. Santiment notes XRP’s sharpest rebounds…
Figure Buys Kiavi for $717M as It Targets $200 Billion Lending Market
Key Takeaways Figure agreed to buy Kiavi for $717M, adding AI-powered real estate lending technology. Figure expects $7B+ annual loan volume and targets 40%+ first-lien share by 2027. Sixth Street backs the deal as Figure expands tokenized lending via Figure…
Brazil Introduces Bill 2946 to Turn Central Bank Crypto Rules Into Federal Law
Key Takeaways Donizette filed Bill 2946/2026 to next enforce mandatory registration across Brazil’s crypto market. The bill codifies Resolution 519 of 2025, thereby bringing statutory stability to VASP regulatory standards. After Tuesday’s debut, the Chamber of Deputies will next debate…
Coinbase, MassPay Link 180-Country Network to Enterprise USDC Payouts
Key Takeaways Coinbase and MassPay are linking USDC payouts to a 180-country enterprise network. Companies can fund in dollars, convert to USDC, and pay recipients globally. Marketplaces, creator platforms, and multinational firms may benefit from faster settlement options. Stablecoin Payouts…
Millions Recovered in Crypto as $100M Fraud Scheme Falls Apart
Key Takeaways Authorities seized $7.1 million from cryptocurrency wallets connected to the fraud scheme. Nearly $100 million moved through 19 accounts on eight cryptocurrency exchanges and 81 bank accounts. Digital assets were purchased through Gemini, Bitstamp, and Coinbase before transfers…
CFTC Says Sports Contracts Involve Gaming but Proposes to Allow Almost All of Them
Key Takeaways The CFTC proposed a rule June 10 defining sports event contracts as gaming while permitting nearly all of them. Five categories would be banned: injuries, officiating, discrete actions, altercations, pre-college sports. Event contract listings grew from 220 in…
