Author: James Wilson
BitGo Singapore and dtcpay have formed a partnership to support secure digital asset payment infrastructure across global markets. Summary BitGo Singapore will support dtcpay’s digital asset payment network with regulated infrastructure and custody tools. dtcpay plans to use the partnership to improve security, operations, and global payment network scale. The deal follows dtcpay’s stablecoin shift and BitGo’s wider push into regulated crypto services globally. In a Tuesday announcement, the companies said the deal will let dtcpay use BitGo Singapore’s infrastructure to improve operations, strengthen asset security, and expand its payment network. They did not disclose financial terms. Meanwhile, BitGo Singapore…
World Liberty Financial has moved closer to securing a federal trust bank charter, with former Office of the Comptroller of the Currency officials telling NOTUS that approval of the Trump-linked crypto firm’s application is now widely expected. Summary World Liberty Financial is expected to receive a national trust bank charter from the OCC, according to a report citing former agency officials. Approval would allow the Trump backed crypto firm to issue and redeem its USD1 stablecoin under federal oversight. Democratic lawmakers have continued questioning the application, citing potential conflicts of interest and national security concerns. According to a report from…
New York Magazine has reported new details about Sam Bankman-Fried’s life in prison, including a remark that he may launch a new cryptocurrency after leaving custody. Summary Bankman-Fried reportedly told an inmate he could launch a new coin after prison one day. His pardon bid remains pending after a court upheld the FTX fraud conviction last week. Prediction market attention returned as New York Magazine detailed prison life and strategy this week. Bankman-Fried, the founder of FTX, is serving a 25-year sentence after his 2023 fraud and conspiracy conviction. The report says he remains at a federal prison in Lompoc,…
The CLARITY Act has advanced toward a potential July Senate vote, though negotiations over conflict-of-interest provisions continue to divide lawmakers. Summary David Nage says the CLARITY Act could reach a Senate floor vote in mid-to-late July if lawmakers resolve ethics provisions. Debate has shifted from stablecoin yield rules to conflict-of-interest restrictions for government officials. The bill includes $150 million for crypto crime enforcement and protections for blockchain developers and validators. According to David Nage, managing director and portfolio manager at Arca, discussions with Senate offices and staff members in Washington left him convinced that most of the work surrounding crypto…
The market for tokenized real-world assets has continued expanding rapidly, with Citigroup projecting the sector could reach as much as $8.2 trillion by 2030 under its bullish scenario. Summary Citigroup projects the tokenized asset market could reach $5.5 trillion in its base case and as much as $8.2 trillion by 2030. Token Terminal data shows tokenized assets have surpassed $43 billion, rising about 37% over the past six months. Financial advisors are increasingly focused on tokenization and stablecoins as institutions expand blockchain-based financial products. According to Citigroup, tokenization is moving beyond experimental programs and into mainstream financial infrastructure as regulatory…
Hyperliquid’s HYPE token has surged to a new all-time high near $76.70 after a combination of ETF-related buying, rising platform activity, and a wave of short liquidations pushed the asset through key resistance levels. Summary HYPE hit a new all-time high of $76.70 after ETF-related buying, short liquidations, and rising demand on Hyperliquid. Bitwise purchased 77,100 HYPE tokens worth about $5.2 million, adding fresh spot demand as the protocol continued its buyback-and-burn program. SpaceX perpetual futures generated roughly $1.2 billion in weekly volume, helping Hyperliquid capture 8.3% of global perpetual futures open interest. According to data from crypto.news, Hyperliquid (HYPE)…
Binance has launched tokenized SpaceX shares as trading demand pushes the company’s valuation above $3 trillion and drives a surge in SpaceX-linked crypto products. Summary Binance launched SpaceX bStocks with zero maker fees and automated trading support. SpaceX perpetual futures are now Binance’s second-most traded derivatives product after Bitcoin. SpaceX stock surged 12%, lifting the company’s valuation above $3 trillion. According to a June 12 announcement from Binance, the exchange has listed SPCXB, a tokenized version of SpaceX stock, on its spot market, with trading for the SPCXB/USDT pair going live at 17:00 UTC. Binance also enabled automated trading tools…
Elon Musk’s net worth has briefly climbed to nearly $1.4 trillion, surpassing Bitcoin’s market value at the time after SpaceX shares reached an intraday high of about $225.84 on June 16. Summary SpaceX’s rally briefly pushed Elon Musk’s net worth above Bitcoin’s market value. Warren and Yakovenko clashed over a proposed wealth tax after Musk’s fortune surged. A former xAI engineer sued xAI and SpaceX over alleged retaliation tied to Grok safety concerns. According to data from Yahoo Finance, SpaceX stock extended its post-IPO rally on Tuesday, pushing the company’s valuation close to $3 trillion at its session peak. The…
BlackRock CIO Rick Rieder has maintained that Bitcoin can still climb considerably higher despite competition from AI-linked stocks, yield-focused investments, and emerging opportunities in credit markets. Summary BlackRock CIO Rick Rieder said Bitcoin still has substantial upside despite competition from AI stocks and income-focused investments. Rieder noted that tech companies, credit markets, and yield-bearing products are competing with Bitcoin for investor capital. The comments came as BlackRock launched its BITA income ETF while spot Bitcoin ETFs continued to face notable outflows. According to comments made by Rieder during an interview on Bloomberg TV, the BlackRock executive remains positive on Bitcoin’s…
Markets have increasingly priced in a future Federal Reserve rate hike ahead of this week’s FOMC meeting, with prediction markets assigning a 64% chance of tighter policy before July 2027. Summary Markets now price a 64% probability of a Fed rate hike before July 2027. Economists expect the Fed to leave rates unchanged at this week’s FOMC meeting. Persistent inflation and higher energy prices have reduced expectations for future rate cuts. According to Kalshi prediction market data, traders currently assign a 64% probability to the Federal Reserve raising interest rates before July 2027. The growing expectation comes as inflation remains…