Author: James Wilson
Crypto-backed political action committees have spent more than $8 million supporting candidates in congressional primary races across three U.S. states ahead of Tuesday’s elections. Summary Crypto-backed PACs linked to Fairshake have spent more than $8 million ahead of key congressional primaries in Maryland, New York, and Utah. Protect Progress directed most of its spending toward Adrian Boafo and Ritchie Torres, while opponents criticized the role of outside money in the races. With Colorado and Arizona primaries approaching, Fairshake’s past spending patterns suggest those states could attract future crypto PAC funding. According to filings with the U.S. Federal Election Commission, much…
SpaceX stock has fallen more than 10% in early U.S. trading after analysts initiated coverage without assigning a price target, adding to investor concerns about the company’s valuation following its record-breaking market debut. Summary SpaceX stock fell more than 10% after KeyBanc initiated coverage with a neutral rating and no price target. KeyBanc cited balanced risk-reward despite strong growth prospects from Starlink and AI-related opportunities. The decline coincided with SpaceX’s first bond offering as investors weighed valuation concerns after its blockbuster IPO. According to a June 22 report from Barron’s, analysts at KeyBanc began coverage of SpaceX with a “Sector…
XRP Ledger has deployed fixes for several software issues after a security review uncovered edge cases and bugs in the network’s core implementation. Summary XRP Ledger fixed multiple software issues in the XRPL 3.2.0 upgrade after Common Prefix uncovered bugs and edge cases during a formal security review. Common Prefix will next conduct formal verification of XRPL’s Single Asset Vault and Lending Protocol proposals as development expands into DeFi and tokenization. XRP rose about 3.6% to an intraday high of $1.16, while debate continued over Ripple’s XRP escrow strategy and future token releases. According to the XRP Ledger Foundation, the…
Strategy has increased its cash reserves by $300 million while adding 520 Bitcoin worth roughly $35 million, highlighting a growing focus on liquidity alongside continued cryptocurrency purchases. Summary Strategy bought 520 Bitcoin for $35 million, raising its total holdings to 847,363 BTC. A June 22 filing showed the company increased cash reserves by $300 million to $1.4 billion. Debate over STRC intensified as critics questioned Strategy’s capital structure despite Saylor’s defense. According to a June 22 filing, the company acquired 520 Bitcoin at an average price of $67,068 per coin, bringing its total holdings to 847,363 BTC. The purchase followed…
Perpetual futures, or perps, are the most traded instrument in crypto. They let you bet on price with leverage and never expire, held in line with the spot market by a clever fee called the funding rate. They are powerful, they are dangerous, and in 2026 they are finally arriving onshore in the United States. Summary Perpetual futures let traders take leveraged long or short positions without an expiry date, using funding rates to keep prices aligned with the spot market. Funding payments flow between longs and shorts, while leverage and margin determine how quickly a position can be liquidated…
Every time you trade on-chain, an invisible competition decides the order of transactions in the next block, and whoever controls that order can extract value from yours. That is MEV. It funds a hidden industry, quietly taxes ordinary users, and shapes the design of every modern blockchain. Summary MEV lets block producers profit by controlling transaction order, creating opportunities such as arbitrage, liquidations, and sandwich attacks. Flashbots and MEV Boost transformed MEV into a structured marketplace, allowing validators to earn rewards without directly extracting value themselves. Private transaction routes and MEV aware trading platforms can help users reduce exposure to…
Japanese authorities have arrested a senior figure allegedly linked to Cambodia’s Prince Group, a conglomerate that U.S. officials have tied to a multibillion-dollar cryptocurrency fraud and money laundering network. Summary Japanese police arrested alleged Prince Group executive Hu Xiaowei over a suspected false residency registration filed in Tokyo. Investigators are examining Hu’s activities in Japan and his reported links to the Cambodia based conglomerate targeted by U.S. sanctions. Hu’s arrest follows international enforcement actions against Prince Group figures, including founder Chen Zhi and former Huione chairman Li Xiong. The Asahi Shimbun reported that Tokyo’s Metropolitan Police Department arrested Hu Xiaowei,…
Bitcoin traded near $64,000 on Monday after a volatile weekend tied to U.S.-Iran headlines. Summary Bitcoin held near $64,000 as traders watched ETF outflows, Iran headlines and PCE inflation data. PCE, GDP, new home sales and sentiment data could guide Fed rate bets this week. Ether stayed near $1,750, while Solana neared $75 and large-cap altcoins remained stable overall Monday. According to crypto.news market data, Bitcoin traded near $64,217, while Ethereum traded near $1,747. Bitcoin dipped toward $63,300 after fresh uncertainty around peace talks, then recovered toward the middle of its short-term range. Meanwhile, traders are still watching $62,000 as…
Dash has begun evaluating the Philippines as a possible destination for its crypto payments business, while placing regulatory compliance at the center of any potential expansion plans. Summary Dash is evaluating the Philippines for a potential crypto payments expansion and has begun talks with regulators and industry participants. Dash said it is prioritizing legal compliance before any launch as Philippine authorities tighten oversight of crypto firms. The company cited demand for lower cost payments and growing interest in digital finance tools as reasons for studying the local market. Daria Chernozub, global adoption lead at Dash Blockchain, told attendees at Philippine…
Eli Ben-Sasson, cofounder of StarkWare and a founding scientist of Zcash, has shared his view on the recent debate around the Ethereum Foundation. Summary Eli Ben-Sasson said Ethereum should weigh merit and technology more heavily than ecosystem alignment debates. His comments followed Foundation exits and warnings about core development funding pressure within coming months. StarkWare’s past choices on STARKs, Cairo and zkVM were once viewed as misaligned by critics. His comments came as Ethereum faces questions over leadership changes, funding pressure and the role of layer-2 teams in the wider ecosystem. Ben-Sasson said he was not joining criticism of the…