ETH Trapped Below $1.7K Raises Call For Another “Selling Wave”

Ether’s (ETH) exchange and derivatives data turned weaker over the past month. Binance recorded net inflows of 57,700 ETH, while futures open interest fell to a year-low of $10.3 billion from $15 billion, and the ratio of leveraged positions retreated sharply from their early June highs.  The combination of rising exchange supply, muted new participation, … Read more

Malta Weighs Legal Framework for DAOs and DeFi Projects

Malta’s financial regulator has issued a discussion paper outlining a potential legal framework for decentralized finance (DeFi), including recognition of decentralized autonomous organizations (DAOs), as European policymakers continue to grapple with how to regulate blockchain-based financial services. On June 12, the Malta Financial Services Authority (MFSA) opened a public consultation on DeFi under the European … Read more

HIVE Signs $220M GPU Cloud Contract for Cohere AI Workloads

Canadian Bitcoin miner HIVE Digital Technologies said its AI subsidiary BUZZ HPC has signed a three-year GPU cloud contract worth approximately $220 million with Bell AI Fabric for AI startup Cohere, expanding the company’s push into high-performance computing (HPC) and AI infrastructure. The agreement calls for BUZZ HPC to deploy 2,304 NVIDIA Grace Blackwell GPUs … Read more

Bybit added to Singapore MAS Investor Alert List

[Updated June 18 at 3:03 pm UTC: Updates with statement from Bybit beginning in the fifth paragraph.] Crypto exchange Bybit has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List, a registry designed to warn consumers about entities that may be wrongly perceived as licensed or regulated by the financial watchdog.  Bybit … Read more

Capital B Gains Authority to Raise Up to $120B for Bitcoin

France-listed Bitcoin treasury company Capital B’s shareholders approved a delegation of new capital-raising instruments that may bring up to 105 billion euros ($120.4 billion) in funding to fuel the company’s Bitcoin acquisitions. Over 95% of shareholders approved the establishment of up to 5 billion euros in capital increases, equivalent to as many as 125 billion … Read more

Grayscale Applies Wall Street Valuation Models to AAVE

Aave’s native cryptocurrency could reach $175 under a one-year base-case scenario as asset managers increasingly apply traditional finance valuation models to decentralized finance (DeFi) tokens, according to a new report by Grayscale Research. The digital asset manager said Aave could generate about $60 million in net income in 2026 and placed the token’s current fair … Read more

Wife of FTX Exec Salame to Face Campaign Finance Charges

Michelle Bond, the wife of former FTX executive Ryan Salame, will face illicit campaign finance charges after a judge rejected her argument that prosecutors promised Salame that she would be cleared if he pleaded guilty. Manhattan federal judge George Daniels on Wednesday denied Bond’s bid to dismiss an indictment that alleged she illegally took money … Read more

Kentucky Sues Prediction Markets Over Sports Event Contracts

Kentucky has sued five prediction market platforms, including Kalshi and Polymarket, adding to a wave of US states launching legal fights with prediction markets over sports event contracts. State Attorney General Russell Coleman said in a statement Wednesday that his office filed lawsuits in state court against Polymarket and Kalshi — also naming Kalshi partners … Read more

Bitcoin Under Pressure Following Trump, Warsh Comments

Key takeaways: Bitcoin remains under pressure from $2.1 billion in ETF outflows in June and an ongoing discount relative to global Bitcoin/USDT pairs. Strategy’s STRC stock shows weakness, highlighting growing concerns over monthly dividend obligations and share dilution. The US stock market traded down on Wednesday after President Donald Trump said the memorandum of understanding … Read more