TradFi Launches $650M Private Credit Onchain
@Trad.Fi plans to bring $650M in private credit onchain over 48 months, targeting the US equipment financing market, reducing approval times to one day. #Update #Crypto $USDC
Crypto News
General category for all types of news related to the cryptocurrency world.
Inflation Meets Expectations Reinforcing Fed Stance
U.S. inflation data for May showed a 4.2% year-over-year rise, aligning with expectations; Bitcoin $BTC trades near $61K amid market uncertainty. #Update #Crypto $BTC
Bitcoin DeFi Project Shutdown Shocks Users
@Botanix is shutting down its Bitcoin layer-2 network, citing poor market conditions and low user interest, with a total value locked of only $119,500 despite raising $14.4 million. #Update #Crypto $BTC
Nvidia Chips Trade Targets Revealed
Bank of America analyst Vivek Arya is bullish on AI chip companies, predicting Nvidia ($NVDA) could rise to $350 and Credo ($CRDO) by over 7%. Demand for AI infrastructure remains strong. #Update #Crypto $NVDA (+7) ↗
Kalshi Launches New Safeguards Amid Concerns
Kalshi mandates employment disclosure for high-risk trades amid insider trading concerns, launching a risk scoring framework and expanding surveillance. #Update #Legal
Crypto Ban: EU Targets 11 Russian Platforms
The European Union proposed banning transactions on 11 crypto platforms as part of sanctions against Russia, following UK’s similar actions against HTX. Specific platforms remain unidentified. #Update #Crypto
BingX Launches $10M Championship Campaign
@BingX launches a $10M trading campaign for the 2026 World Cup, featuring predictions, competitions, and offline events. VIP users gain exclusive access to rewards. #Update #Crypto $USDT
GENIUS Rule Revision Urged by Hyperliquid Paradigm
@Hyperliquid and @Paradigm urge the US Treasury to revise proposed AML rules for stablecoin issuers, arguing current proposals could harm DeFi by pushing issuers towards permissioned environments. #Update #Crypto $USDC
Insider Trading Ban Threatens Prediction Markets
@Kalshi introduces new insider trading measures, requiring users in sensitive markets to disclose employment info. Research suggests calibrated enforcement over outright bans to enhance market accuracy. #Update #Crypto $KALSHI
NYC Hotel Prices Surge Past $100K Salaries
New York hotels raise room rates as unionized housekeeping wages are set to exceed $100,000 annually by 2032 due to a labor deal. #Update #Market
Crypto Users Cautious as Claude Mythos Launches
@Anthropic has released its Claude Mythos model, Fable 5, raising concerns among crypto users about potential misuse despite safeguards. Experts warn of increased vulnerabilities in DeFi. #Update #Crypto $ETH
Crypto Leaders Urge Senate Pass CLARITY Act
61 crypto leaders, including @Coinbase’s Brian Armstrong and @Block’s Jack Dorsey, urge Senate to pass CLARITY Act with developer protections to maintain U.S. innovation. #Update #Legal
FIFA Prediction Partner Launches US Trading
ADI Predictstreet launched on June 8, trading in 23 U.S. states via Fanatics Markets after Gibraltar’s swift licensing; CEO Psarrakis denies Qatargate links. #Update #Legal
Crypto Tax Bills Face Lawmaker Concerns
U.S. House Ways and Means Committee hearing on crypto tax bills reveals bipartisan concerns, delaying potential relief for digital asset users; clarity needed for mining and staking provisions. #Update #Crypto $BTC $ETH