Category: crypto

Coinbase plans to expand its financial platform by combining trading, lending, payments, derivatives, and AI-powered services. This unified account will allow users to access multiple financial products from one platform. The company aims to address inefficiencies in traditional financial systems and provide continuous markets with faster settlement times and global access. Coinbase is also investing…

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, leading to renewed legal scrutiny of the exchange.

SIREN token crashed 75% to $0.126 after a whale sold 17 million tokens across multiple wallets. Open interest fell 40% to $28 million as traders unwound positions. Analyst EmberCN claimed that whales control 94% of SIREN’s supply, leading to concerns over token concentration. Similar token collapses have occurred in the crypto market recently.

Anthropic has suspended access to its Fable 5 and Mythos 5 artificial intelligence models due to a U.S. government export control directive related to national security concerns. The company disabled the models for all users, including foreign nationals, to comply with the directive. Despite the restrictions, Anthropic continues to expand its infrastructure for future AI…

Coinbase’s advisory board recommends that Bitcoin should start preparing for quantum-resistant security now. The report suggests developing a migration path to post-quantum cryptography to avoid future risks from quantum computers. The debate includes freezing vulnerable BTC, with supporters and critics of this approach. The governance decision is left to the Bitcoin community.

U.S. spot Bitcoin ETFs saw $85.85 million in daily net inflows on June 12, with BlackRock IBIT leading with $57.69 million. Grayscale GBTC and BTC had zero inflows while BITB added $5.18 million. Total assets reached $79.65 billion, representing 6.26% of Bitcoin’s market capitalization. Fees varied among funds, with GBTC at 1.50%.

Standard Chartered maintains its $100,000 Bitcoin target and $4,000 Ethereum target after the recent selloff. Geoffrey Kendrick linked the drop to forced selling, weak ETF flows, and liquidity stress. He believes the crypto winter is over and expects ETH to outperform BTC. Kendrick’s analysis focuses on price levels, flows, and institutional demand.

Zimbabwe has placed cryptocurrency firms under Reserve Bank of Zimbabwe oversight through new anti-money laundering rules. The regulations require firms to register as Virtual Asset Service Providers (VASPs) and comply with financial crime controls. The framework aims to prevent the country from being put on the Financial Action Task Force grey list.

Anthropic’s Mythos system found no serious vulnerabilities in the Zcash protocol after the recent Orchard flaw disclosure. Emergency upgrades fixed a vulnerability allowing unlimited counterfeit ZEC creation. Technical indicators suggest resistance near $465. The Zcash ecosystem continues security hardening work and plans to release additional updates.

Michael Saylor highlighted the significance of SpaceX’s IPO in terms of corporate Bitcoin adoption, stating that now 25% of the Mag 8 companies hold BTC on their balance sheets. Companies like Tesla and SpaceX have disclosed their Bitcoin holdings, with SpaceX holding 18,712 BTC and Tesla owning 11,509 BTC. Corporate Bitcoin adoption is increasing, with…