XRP’s Birthday Turns Sour as Ripple Price Plummets to 4-Month Low
XRP was even surpassed by USDC as the fifth-largest crypto. Ripple’s native cross-border token has not been spared by the overall market-wide calamity that has only worsened today, with a fresh nosedive to a multi-month low. What’s particularly interesting…
Crypto exchanges face tough Brazil test as audit mandate arrives
Brazil’s central bank has added mandatory independent audits to the licensing approval process for crypto service providers in the country. Summary Brazil’s central bank will require crypto service providers to submit independent audit reports when applying for or renewing licenses….
Bitcoin Sees Slow Bleed as Distribution-Driven Selling Pressure Intensifies: Bitfinex
May’s performance suggested that internal market dynamics were the major driver of weakness, rather than macro conditions. Similar to previous bear markets, bitcoin (BTC) is now on track to experience a slow bleed regime. As analysts explained in the…
Debt crisis fears put Bitcoin undervaluation back in focus
Bitcoin has drawn a new valuation argument from Bitwise, as rising sovereign debt pressures keep bond markets under strain and strengthen the case for BTC as a macro hedge. Summary Bitwise said rising sovereign debt pressure could strengthen Bitcoin’s role…
Robinhood Officially Enters Canada After Closing WonderFi Acquisition
The WonderFi acquisition gives Robinhood regulated crypto operations in Canada and expands its workforce and customer network. Robinhood Markets has completed its $180 million acquisition of WonderFi, a Toronto-based provider of digital asset products and services. With the deal,…
Galaxy Digital enters prediction markets as Arca places $10M trade
Galaxy Digital has launched an institutional over-the-counter prediction-markets desk, opening the service with a $10 million event swap tied to the Digital Asset Market Clarity Act. Summary Galaxy launched an institutional OTC prediction-markets desk with a $10 million event swap…
Cardano CEO Charles Hoskinson Alleges Henry Nowak Cover Up By UK Police
Cardano founder Charles Hoskinson has taken to X to allege that UK police covered up the Henry Nowak case, claiming that despite available evidence and victim testimony, UK law enforcement failed to act or actively suppressed information regarding a violent…
Crypto PACs pour millions into primaries as Maryland race looms
Crypto-backed political groups have expanded their election spending as several US primaries test the industry’s influence in Congress. Summary Crypto-backed PACs have increased spending in US congressional primaries as digital asset policy becomes a key election issue. FEC filings show…
Crypto News Today (June 2): $766M in Liquidations as BTC Crashes Below $70K
In crypto news today (June 2), the market has gone into a mini-meltdown as Bitcoin crashed below $70,000 in this European morning trading session, falling by -3.8% overnight. The crash caused more than $766M in daily liquidations, with over $600M…
Stablecoin depeg fears push New York and EU regulators closer
New York’s financial regulator has formed a stablecoin supervision agreement with the European Banking Authority as regulators on both sides of the Atlantic tighten cooperation over digital assets. Summary NYDFS and the European Banking Authority signed an agreement to share…
