Category: crypto

A proposed class-action lawsuit alleges that Anthropic’s premium Claude Max subscription plans provide less usage than advertised. Plaintiff Karl Kahn claims restrictive usage caps disrupt coding work. The lawsuit follows shutdowns of Anthropic’s Fable 5 and Mythos 5, adding to scrutiny of the AI company. Kahn seeks class-action status for customers who paid for higher-tier…

Aztec Connect, a deprecated DeFi bridge linked to the Aztec ecosystem, was exploited, losing $2.1 million from an old Ethereum smart contract. The attack used a verification mismatch to drain funds. Aztec Labs is investigating, stating that the current Aztec Network was not affected. This incident adds to a series of DeFi hacks in June.

New Mexico is the eighth state involved in the CFTC’s legal battle over prediction markets. The regulator sued New Mexico to block state enforcement against federally regulated exchanges. New Mexico argues that sports event contracts are unlicensed sports betting, while the CFTC says they fall under federal commodities law. Former SEC and CFTC Chairman Gary…

World Liberty Financial will provide $250,000 in USD1 bonuses for UFC Freedom 250 fighters at the White House event. USD1 is facing regulatory scrutiny while expanding. World Liberty is pursuing a U.S. trust bank charter. The sponsorship comes amid political ties and compliance actions, with a total of $4.4 billion in circulating supply.

Ripple’s UK and Europe head says banks want partners to handle custody, liquidity, settlement, and compliance for digital assets. Ripple has secured licenses in the UK and Luxembourg to support cross-border payment growth in Europe. Financial institutions seek blockchain payment tools that simplify implementation and reduce complexity.

Gate has launched trading for over 1,000 Hong Kong-listed stocks, allowing users to buy equities with USDT. The service includes major firms like Tencent Holdings and HSBC Holdings. This expansion comes as crypto exchanges like Binance and Bitget add traditional financial products alongside digital assets. Gate plans to continue expanding its offerings.

Crypto traders are focusing on U.S. data releases and the Federal Reserve decision on June 15. Bitcoin rose above $65,500, influenced by a U.S.-Iran deal easing oil and inflation concerns. The market expects the Fed to keep rates unchanged at 3.50% to 3.75%. Kevin Warsh’s first policy meeting will be closely watched.

Plume has partnered with Bybit to launch institutional fixed income vaults for users holding idle stablecoins. The product allows Bybit users to access fixed income products backed by PIMCO and CMBI, including mortgage-backed securities and corporate bonds. PLUME’s price rose 10.7% after the news, but indicators show a cautious recovery.

Andreessen Horowitz, also known as a16z, has opened a Seoul office in South Korea to strategically expand across Asia, with a focus on crypto. The firm plans to support portfolio companies in entering South Korea and other Asian markets, with the initial emphasis on crypto initiatives. The office will be led by Park Sung-mo, a16z…

Early Warning Services, operator of Zelle, plans to launch its first international remittance corridor in India, with a U.S. dollar-backed stablecoin called ZelleUSD. This move follows the company’s announcement in 2025 to use stablecoin technology for international expansion. CEO Cameron Fowler believes international payments are at a critical point for growth.