News linked to this event type.
According to The Wall Street Journal, several major U.S. banks plan to launch a tokenized deposit network next year to counter the growing threat posed by stablecoins and crypto firms—whose incursion into traditional banking services is accelerating under the Trump administration’s supportive policies. This network will bridge traditional payment rails with digital asset infrastructure and will be operated by The Clearing House, a real-time payments network company jointly owned by multiple major banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.
According to The Block, Ethereum liquidity re-staking protocol ether.fi has partnered with onchain treasury management platform Plume to launch a new Real World Asset (RWA) yield vault. ether.fi has exclusively allocated $100 million to this vault. Funding sources include its liquidity provider community—comprising funds, family offices, and high-net-worth individuals—as well as managed capital from its existing liquidity vaults, which hold approximately $300 million in total value locked (TVL). The vault is natively integrated into the ether.fi application, enabling users to access institutional-grade yield-generating assets—including overcollateralized credit pools, AAA-rated CLOs, and bond ETFs—with underlying asset management totaling over $10 trillion.
on May 29, 2026, Taylor Hornby discovered a critical counterfeiting vulnerability in Zcash's Orchard pool. Taylor Hornby reported the vulnerability to the Zcash Open Development Lab, and after coordinated efforts, a fix was completed on June 2. The vulnerability could have been exploited to secretly create an unlimited number of counterfeit ZEC within Zcash Orchard. Due to the privacy features of Orchard, it is cryptographically impossible to determine whether the vulnerability was exploited before the fix was deployed.The vulnerability had existed since Orchard's activation in May 2022 until an emergency fix was deployed on June 1, 2026. Taylor Hornby, with the assistance of AI tools, wrote a complete exploit program and generated an infinite, undetectable amount of counterfeit ZEC in a local test environment. Shielded Labs is currently collaborating with other Zcash developers to explore network upgrade proposals that would allow anyone to verify the integrity of Zcash's supply.
According to The Block, Patrick Witt, the White House’s cryptocurrency advisor, characterized the “Clarity for Digital Assets Act” as a “pro-regulation, pro-law-enforcement” bill during a virtual town hall hosted by the Blockchain Association—responding to law enforcement agencies’ concerns that the bill would weaken their ability to combat financial crime. Senator Cynthia Lummis warned that if the bill fails to pass this year, it may not be revisited until 2030. The bill currently faces multiple hurdles, including disputes over its anti-money laundering (AML) provisions, uncertainty regarding whether the “Blockchain Regulatory Certainty Act” (BRCA) would exempt non-custodial developers from money transmission obligations, and unresolved conflicts of interest tied to former President Trump’s personal cryptocurrency investments. Last month, Democratic Senator Catherine Cortez Masto voted against the bill, citing concerns that it would impede law enforcement’s ability to trace illicit funds.
Chainalysis has released a report stating that as demand for gray market peptide products (such as weight loss drugs like semaglutide) grows rapidly, related suppliers and buyers are increasingly using cryptocurrencies for transactions, with leading suppliers primarily relying on Bitcoin and stablecoins.The report shows that crypto funds flowing into this sector reached $32 million in the first quarter of 2026, a 159% increase from $12 million in the previous quarter, with the annualized scale already exceeding $100 million.Chainalysis points out that demand for peptide products is driven by trends in medical aesthetics, health and wellness, and the popularity of GLP-1 drugs. However, since these products often involve prescription-grade compounds or unregulated substances, traditional banks and credit card processors typically restrict their transactions, prompting the market to shift towards crypto payments.The agency also noted that some leading suppliers have adopted more professional on-chain fund management methods. Particularly among suppliers with average single deposits exceeding $1,000, the proportion of stablecoins has significantly increased, likely to mitigate the risk of large supply chain orders being affected by crypto market volatility.
White House Chief Crypto Advisor Patrick Witt stated that the U.S. crypto market structure bill, the Clarity Act, is a "pro-regulation, pro-enforcement" piece of legislation, pushing back against criticism from some enforcement agencies that it is insufficient to prevent financial crimes.With the midterm elections approaching, the window for Congress to pass the bill is narrowing. Senator Cynthia Lummis warned that if progress cannot be made this year, the bill may not be seriously considered again until after 2030.Currently, the Clarity Act still faces multiple controversies, including arrangements for stablecoin yield, conflicts of interest related to Trump-affiliated crypto businesses, and whether anti-money laundering standards are stringent enough. The latest version also incorporates the Blockchain Regulatory Certainty Act (BRCA), pushed by DeFi advocates, which aims to clarify that non-custodial developers should not be considered money transmitters.However, some law enforcement groups and lawmakers worry that the BRCA and certain provisions of the bill could weaken the ability to trace illicit funds and recover victim assets. Witt countered that lawmakers have already responded to these concerns ahead of the Senate Banking Committee vote by adding new provisions to strengthen the regulatory and enforcement framework. (The Block)
SpaceX is progressing with its IPO and seeking a valuation of approximately $1.78 trillion. If realized, it would become the world's seventh-largest company by market cap. However, the mid-to-long-term business path justifying this valuation remains unclear.Furthermore, SpaceX's core narrative is shifting. In February of this year, Musk integrated SpaceX with xAI, making artificial intelligence a key component of the company's strategy. Compared to the original core vision of "making humanity a multi-planetary species," AI now occupies a more prominent position in the company's narrative. In the first quarter, xAI-related business reportedly accounted for over three-quarters of capital expenditures, while approximately 93% of the total addressable market mentioned in the IPO filing is also related to AI.Musk has long been adept at restructuring business narratives to align with market preferences, as seen in previous cases like integrating SolarCity into Tesla and merging Twitter with the xAI ecosystem. SpaceX's new narrative combines rocket launches with AI, envisioning the deployment of AI data centers in orbit to build future computing infrastructure. However, SpaceX launched approximately 2,200 tons of payload into orbit last year, while Musk has suggested that realizing the orbital data center vision would require an annual launch capacity of about 1 million tons. Although Starlink and the rocket business already hold industry-leading positions, genuine cash flow will ultimately be needed to validate this massive valuation hypothesis. (Financial Times)
Odaily Odaily Planet Daily: Institutional-grade digital asset data and software provider Lukka has announced the acquisition of data traceability and compliance platform PEER DATA. The specific acquisition amount has not been disclosed yet. Upon completion of the transaction, both parties will provide financial institutions with a control layer covering digital assets and broader data assets, offering unified support for pricing, classification, provenance proof, licensing, and governance. This will continuously expand to scenarios such as on-chain assets and AI data consumption. (PRNewswire)
Odaily ARK Invest stated that SpaceX's upcoming IPO could become a historic capital markets event, with the company's overall valuation potentially approaching the $2 trillion level. Brett Winton, Head of Portfolio and Research at ARK, said on CNBC that SpaceX's IPO is priced at approximately $135 per share, corresponding to a valuation of around $1.77 trillion, and plans to list on Nasdaq on June 12.Winton pointed out that SpaceX's core value comes not only from its rocket launch business but more so from its rapidly expanding satellite internet network, Starlink. This network currently has a bandwidth capacity of approximately 500 Tbps, generating an annual revenue of around $13 billion. It is expected to significantly reduce launch costs with the Starship rocket, accelerating satellite deployment and network expansion. He believes that as AI applications proliferate rapidly, the demand for global communication and computing infrastructure will further increase, positioning SpaceX as a key infrastructure provider in this trend. ARK also estimates that the AI foundation model industry could create between $15 trillion and $20 trillion in enterprise value by 2030.Currently, ARK holds approximately 11.4% of SpaceX's private shares through its venture capital strategy and considers it one of its core long-term holdings. The fund has risen about 15% so far this year, with gains exceeding 70% over the past 12 months. (CNBC)
Web3 security company Immunefi's latest "2026 Ecosystem Vulnerability Audit Report" shows that losses from DeFi protocol hacks have fallen 74% from a peak of $2.62 billion in 2022 to approximately $680.3 million in 2025.The report notes that the median loss per individual attack has also significantly decreased, from $6 million in 2022 to $1.5 million in 2025, reflecting an overall improvement in security standards. Meanwhile, the share of bridge exploits in total DeFi losses has dropped sharply from 73% in 2022 to 3% in 2025, and the proportion of flash loan attacks has fallen from 54% to less than 1%.The proportion of risks at the infrastructure level (such as private key leaks and database attacks) also decreased from 30.7% in 2022 to 10.3% in 2025. Immunefi stated that this reflects continuous optimization in oracle design, reentrancy attack protection, and access control standards, making the DeFi ecosystem "generally becoming safer."However, the report also notes that losses slightly rebounded to $680.3 million in 2025, primarily due to increased complexity in multi-chain systems and a few high-severity incidents. At the same time, the number of independent security incidents continues to rise, indicating the attack surface is still expanding. (The Block)
on-chain data platform Bubblemaps has released an analysis of the LAB token on-chain data on X platform. Only 313 participants joined the presale on the Legion platform, with a total initial investment of approximately $1.428 million. The current market value of these presale holdings has surged to $977 million, with investors collectively enjoying an unrealized gain approaching $1 billion. Due to unlock restrictions, the full lock-up period for investors' shares extends to 2027, making it difficult to liquidate funds. The first batch of token unlocks will occur on July 14. Bubblemaps warns that the economic model featuring highly concentrated LAB holdings combined with long-term lock-up poses significant liquidity risks. There is widespread market concern that after subsequent rounds of unlocks, large-scale profit-taking by major holders could put downward pressure on the market.
Coinbase announced on the X platform that the first mortgage in the United States backed by Bitcoin as the underlying asset and guaranteed by Fannie Mae has been successfully issued. The loan was originated and serviced by Better, with technology provided by Coinbase. Coinbase stated that the product will be rolled out nationwide this summer, offering innovative mortgage options for Bitcoin holders while advancing the application of crypto assets in traditional finance.
Helion, a nuclear fusion energy startup backed by OpenAI founder Sam Altman, has announced the completion of a $465 million funding round, led by Thrive Capital. The post-investment valuation has reached $15.5 billion, nearly three times its previous valuation of $543 million. It is reported that the company is dedicated to developing nuclear fusion technology to power data centers and other customers. However, it has yet to prove the feasibility of its technology in actual electricity production. Investors remain highly confident in its potential, and this round of funding will be used to accelerate technology development and commercial advancement. (The Information)
According to the official announcement, Binance will list ZEST and BTW USDT perpetual contracts.
according to an official announcement, Binance will list the ZESTUSDT perpetual contract at 14:00 (UTC) on June 4, 2026, and the BTWUSDT perpetual contract at 14:15 (UTC) on the same day. Both contracts will support up to 10x leverage. ZEST (ZestProtocol) is the largest Bitcoin lending protocol, and BTW (Bitway) is an internet capital gateway. Copy trading services for these contracts will be available within 24 hours after listing.
Odaily Nasdaq-listed Bitcoin miner CleanSpark released its unaudited operational update for May 2026, disclosing a mining output of 671 BTC in May. However, during the same period, it sold 404 BTC from spot holdings and 250 BTC through option exercises. As of May 31, total Bitcoin holdings reached 13,470 BTC. CleanSpark also announced the appointment of a new Senior Vice President of Finance to strengthen financing capabilities for AI data center projects, aiming to transform into an AI and digital infrastructure platform. (Prnewswire)
according to an official announcement, Bitget Stock Contracts have now listed three underlying assets: SMR (NuScale Power Corporation), SITM (SiTime Corporation), and BB (BlackBerry Limited), covering popular sectors such as nuclear technology, high-performance chips, and intelligent security. These contracts support up to 20x leverage.
payments giant Visa has announced a partnership with Brale to explore the feasibility of using Brale’s US dollar-pegged stablecoin, SBC, for institutional payment settlements on the Canton Network. This proof of concept aims to assess how privacy-preserving blockchain infrastructure can support faster and programmable settlement, while helping financial institutions and payment companies control the visibility of sensitive transaction data. (Businesswire)
Digital trading platform Moomoo has announced a partnership with prediction market operator Kalshi to offer eligible users access to event contracts regulated by the U.S. Commodity Futures Trading Commission (CFTC). Users can trade contracts related to major events such as Federal Reserve interest rate decisions, inflation data, elections, and the 2026 FIFA World Cup directly through the Moomoo platform.Event contracts are exchange-traded derivatives that allow investors to bet on the outcome of specific events. Contract prices range from $0.01 to $1, reflecting the market's expectation of the probability of each event occurring. These products will be integrated into the platform alongside Moomoo's existing offerings of stocks, options, and ETFs. Additionally, Moomoo has recently launched cryptocurrency deposit and withdrawal functionality, as well as the moomoo API Skills service for AI-powered investment tools, continuing to expand its product ecosystem. (CoinDesk)
: AI infrastructure startup Nscale has disclosed a total of nearly $4 billion in funding. After its latest $2 billion Series C round, the company's valuation reached $14.6 billion. Nscale, formerly a spin-off from cryptocurrency mining company Arkon Energy, now focuses on building and operating AI data centers and leasing computing resources to enterprises. Its investors include tech giants such as Nvidia, Dell, and Nokia. Since 2026, Nscale has also secured $1.4 billion in GPU-backed loans and $790 million in credit facilities to support its AI infrastructure expansion plans.Nscale has previously participated in OpenAI's "Stargate" infrastructure project, deploying AI computing facilities in the UK and Norway. However, following adjustments to OpenAI's related plans, some projects have been taken over by Microsoft and Google. (Fortune)