Author: James Wilson
CoreWeave and Nebius have secured places in the Nasdaq 100 after Nasdaq announced that both companies will be added to the index before trading begins on June 22. Summary CoreWeave and Nebius will join the Nasdaq 100 on June 22 following Nasdaq’s quarterly rebalance. CoreWeave’s inclusion follows its transformation from a crypto miner into a major AI infrastructure provider. While AI firms gain index representation, some crypto miners continue facing financial and listing challenges. According to Nasdaq’s quarterly index rebalance announcement, CoreWeave and Nebius will join the Nasdaq 100 alongside Astera Labs, Rocket Lab, and Teradyne. Investors welcomed the news,…
Grayscale Investments has filed an amended registration statement for its proposed spot NEAR ETF. Summary Grayscale amended its spot NEAR ETF filing and added SEC Registration No. 333-292834. BitGo replaced Coinbase Custody as primary custodian, while Coinbase remains an additional custodian. The filing updated NEAR data, including 1.3 billion circulating tokens and a $1.5 billion market cap. The update introduces custody changes and revised disclosures tied to the NEAR Protocol ecosystem. The filing arrives as investor interest in artificial intelligence-linked crypto assets increases following SpaceX’s public market debut. Grayscale revises NEAR ETF registration According to the amended S-1 filing submitted…
Canaan has achieved a record fleet efficiency of 17.9 J/TH in North America even as roughly 36% of its installed mining capacity remained inactive at the end of May. Summary Canaan’s North American mining fleet reached a record efficiency of 17.9 J/TH in May, improving 11% year-over-year. Despite the efficiency gains, only 6.47 EH/s of its 10.05 EH/s installed capacity was operational at month-end. The update comes after Canaan reported an $88.7 million Q1 net loss and guided for weaker-than-expected Q2 revenue. According to a June operational update from Canaan, the Nasdaq-listed Bitcoin miner and ASIC manufacturer improved the efficiency…
A Seychelles court judgment tied to delisted CHP tokens has placed KuCoin under renewed legal scrutiny. Summary A Seychelles court ordered KuCoin to compensate a Swiss investor over 21 million delisted CHP tokens. The investor claims KuCoin has not paid the judgment or participated in related court proceedings. The ruling rejected KuCoin’s claim that unwithdrawn delisted tokens became abandoned property. A Swiss investor claims the exchange has not paid a court-ordered award exceeding $2 million. The dispute centers on 21 million CHP tokens and a ruling issued by the Seychelles Supreme Court in December 2025. Court ruling centers on delisted…
Coinbase has unveiled the next stage of its expansion strategy, with plans to combine trading, lending, payments, derivatives, and AI-powered services into a single financial platform. Summary Coinbase will unveil the next phase of its “Everything Exchange” strategy on June 16. New products span AI trading agents, prediction markets, stocks, lending, and DeFi services. Bernstein sees Coinbase benefiting from up to $10 billion in World Cup-related prediction market activity. According to a company blog post published by Coinbase executive Max Branzburg, the crypto exchange is building what it describes as a unified account where users can access multiple financial products…
Blockworks has acquired Messari after securing a $192 million valuation earlier this year, deepening its push into crypto data infrastructure as competition intensifies to build the industry’s information layer. Summary Blockworks has acquired Messari following its recent $192 million valuation. The deal combines crypto asset disclosures, market data, research, and API services under one platform. Blockworks says AI and institutional adoption are increasing demand for crypto information infrastructure. According to an announcement from Blockworks, the deal combines two of the largest crypto information businesses and represents the company’s first major acquisition since completing a Series A extension financing round that…
Bitcoin has fallen to 15th place among global assets by market capitalization. Bitcoin ranked 15th among global assets, below SpaceX, Tesla, Meta, Samsung, and Saudi Aramco. BTC traded near $63,849, giving the asset a market value of about $1.275 trillion. Bitcoin remained 49.45% below its $126,198.07 all-time high recorded on Oct. 6, 2025. CompaniesMarketCap data placed BTC below several technology companies, Saudi Aramco, and newly listed SpaceX. The ranking came as Bitcoin traded near $63,800 with a market value of about $1.275 trillion. Bitcoin falls behind as technology stocks dominate rankings According to CompaniesMarketCap, gold remained the largest global asset,…
The Solana price has started to move again, with weekly gains above 4%. Summary Solana climbed 3.38% to $67.73, extending weekly gains as upward momentum returned. Backpack and Sunrise launched SPCX on Solana, bringing tokenized SpaceX share exposure to the network. Technical indicators show bears losing strength as bulls defend support and attempt a trend reversal. This recent Solana price trend comes at a time when the SpaceX IPO token, SPCX, has gone onchain on Solana. This new momentum has made market participants weigh in on where the Solana price will target in the next few days as bulls take…
SpaceX shares have drawn a fair value estimate of $63 from Morningstar even as bullish forecasts have pushed price targets as high as $190 following the company’s public market debut. Summary Morningstar estimates SpaceX is worth $63 per share, far below its $135 IPO pricing. Despite valuation concerns, some analysts believe strong demand could push the stock toward $190. SpaceX speculation has boosted activity across crypto markets, including SPCX tokens, Velvet, and Hyperliquid. According to a Wall Street Journal report, analysts at Morningstar believe SpaceX stock is trading well above its underlying value despite the intense demand surrounding the offering.…
Sam Bankman-Fried has lost his appeal to overturn his 2023 fraud conviction and 25-year prison sentence, leaving the former FTX chief with fewer legal options as a separate pardon request remains pending. Summary A U.S. appeals court has upheld Sam Bankman Fried’s fraud conviction and 25 year prison sentence tied to the collapse of FTX. Judges rejected arguments that key evidence was wrongly excluded and said FTX customers were defrauded when funds were transferred to Alameda Research. Bankman Fried remains in prison while a separate presidential pardon application continues to be reviewed. According to a ruling issued Friday by the…