News linked to both this project and an event.
Alpha Farm launched the SPCX-USDC liquidity pool on June 13. Trading volume in this pool has surged, and today’s LP staking yield exceeded 200%.
: Coinbase Developer Platform has released an update on payment ecosystem development progress. With the official launch of Coinbase for Agents, users can now create independent accounts for AI Agents, enabling automated operations such as trading and asset management under configured permission and risk control rules; a new Coinbase CLI and MCP have been demonstrated to simplify the login process, allowing identity and operation integration demonstrations via Claude; Developer wallets are now available through the Swift SDK, supporting the integration of self-custody wallet functionality within native iOS applications.In the coming weeks, the x402 protocol will support users within Coinbase for Agents to make direct payments using their USDC balance, allowing Agents not only to operate accounts but also to complete real-world payments directly through the stablecoins held by users. Additionally, Coinbase will release a system update on June 16 to further enhance payment and Agent-related capabilities.
: HyperLiquid has announced an upgrade to the AQAv2 mechanism. The system will use on-chain automated trading to maintain a dynamic 1:9 balance of USDC between two core addresses in each HyperEVM block, corresponding to the contract execution layer and the treasury reserve layer, respectively.According to the mechanism design, this ratio is used for functional stratification between "high-frequency trading and liquidation liquidity" and "long-term reserves and yield pools," aiming to enhance system stability and isolate trading risks.On the technical side, the balancing process is executed automatically by the system without manual intervention. Circle is responsible for the technical deployment, while Coinbase undertakes the treasury deployment and management.Regarding the yield mechanism, AQAv2 stipulates that stablecoin issuers must distribute approximately 90% of their cost-adjusted reserve earnings generated within the Hyperliquid ecosystem to the protocol. Settlement occurs on a 30-day cumulative cycle, and the earnings will be automatically transferred to the Assistance Fund on the 8th day after the cycle ends.Additionally, the mechanism includes a transition period arrangement:1. Start of yield accrual: August 26;2. First yield payment: October 3.The market believes this design marks the evolution of stablecoins from traditional custody structures toward an on-chain infrastructure model characterized by "protocolized capital stratification + automated yield distribution."
According to official news from XBIT DEX, on June 11, the leverage function of the XBIT DEX prediction market was officially launched. High-liquidity markets will initially support up to 5x leverage. The "XBIT World Cup Event" commenced on the same day, featuring a total prize pool of 1.1 million USDC, and will run until the final on July 19.The prediction market for the opening match, Mexico vs. South Africa, is now open. Current market expectations indicate a 69% probability of a Mexico win, 21% for a draw, and 11% for a South Africa win. Markets covering outcomes such as Match Winner, Handicap, Over/Under, Correct Score, and Corners have been launched simultaneously, spanning 48 teams and 104 matches.During the event, both contract trading and prediction market trading will earn prediction vouchers, which can be used to participate in the daily feature match. Correct predictions will split the prize pool for that match. The single-match prize pool increases as the tournament progresses, with the final offering a maximum of 150,000 USDC. Additionally, dual leaderboards for contracts and the prediction market have been established.
that, according to an official announcement, Binance Wallet will launch the SPCXx IPO Campaign, offering eligible users the opportunity to subscribe to tokenized SpaceX shares through xStocks. The subscription window is from 16:30 to 12:00 (UTC+8) on June 11 to June 12.The announcement indicates that the subscription target is the SpaceX tokenized stock SPCXx, with an indicative price of 135 USDC per share, corresponding to an implied valuation of approximately $1.75 trillion. Subscriptions are supported in USDC, with a minimum subscription amount of 100 USDC, and a 5% underwriting service fee will be charged.This event employs a Binance Wallet Alpha Points interval quota mechanism, where users with Alpha Points greater than 0, 40, 100, and 200 can obtain corresponding staking quotas of 20,000, 100,000, 200,000, and 500,000, respectively. Users with successful subscriptions will receive the SPCXx token after the issuance is completed.Binance stated that SPCXx does not represent direct ownership of SpaceX shares. Holders do not have shareholder rights such as voting rights or dividend rights, and a subscription application does not guarantee final allocation.
Odaily Odaily Reports: Blockchain oracle and market data provider Pyth Network has announced the launch of continuous price indices for U.S. stocks and commodities, aiming to support around-the-clock trading products in the crypto market. The initial coverage includes U.S. stocks such as Nvidia, Tesla, Apple, Circle, and Strategy, as well as commodities like gold, silver, WTI crude oil, and Brent crude oil.It is reported that Coinbase, Kraken, dYdX, and Nado have been the first to integrate these indices to build new trading markets. This pricing system can provide continuous reference prices for perpetual contracts, tokenized assets, prediction markets, derivatives settlement, and ETF benchmarks, even updating data during traditional exchange closures.Additionally, Pyth is collaborating with MarketVector (a VanEck-owned index provider) to develop sector index futures covering themes such as artificial intelligence, defense, and technology. (Cointelegraph)
the U.S. Department of Justice stated in a press release that a 47-year-old resident of Newcastle, Washington, Geoffrey K. Auyeung, has been sentenced to 5 years in prison for conspiracy to commit money laundering.Geoffrey K. Auyeung assisted overseas scammers in transferring nearly $100 million in investment fraud proceeds through bank accounts and cryptocurrency exchanges. The scammers deceived victims into investing in the oil and gas industry, luring them to transfer funds into so-called escrow accounts. To facilitate this, Geoffrey K. Auyeung established at least nine entities to receive funds, which were then transferred overseas or exchanged for cryptocurrencies such as Bitcoin, Ethereum, USDT, and USDC via exchanges like Gemini, Coinbase, and BitStamp. Most of these cryptocurrencies were subsequently sent to Binance accounts controlled by individuals in Nigeria and Russia.Geoffrey K. Auyeung opened at least 81 bank accounts across 24 financial institutions and 19 accounts across 8 cryptocurrency exchanges, receiving a total of $97.1 million in wire transfers and deposits. Through his involvement in the scheme, he earned at least $4 million in commissions and received an additional $400,000 in commissions through accounts under his wife's name between August 2024 and December 2025. Auyeung pleaded guilty in February of this year. He will forfeit approximately $2.3 million seized from bank accounts and his home, an Audi SQ8, and has agreed to forfeit approximately $7.1 million worth of cryptocurrency. (The Block)
Circle has announced the launch of a wrapped Bitcoin product, cirBTC, on the Ethereum blockchain. The token is fully backed 1:1 by Bitcoin, designed to help users integrate BTC assets into DeFi scenarios such as lending, decentralized exchanges (DEXs), tokenized assets, and stablecoins.Circle stated that cirBTC is primarily aimed at institutional investors, whose target client base typically holds Bitcoin as a core crypto asset allocation and has already established trust in Circle's infrastructure through products like USDC. Currently, USDC's market capitalization exceeds $75 billion, making it the second-largest stablecoin in the market.The wrapped Bitcoin market is currently dominated by wBTC and cbBTC, launched by Coinbase. Among them, wBTC, launched in 2019, has a market cap of approximately $7.3 billion and remains the largest wrapped Bitcoin product; cbBTC, which went live in 2024, has a market cap close to $5.4 billion. With the launch of cirBTC, Circle will directly compete with Coinbase and BitGo, the primary custodian of wBTC, for institutional wrapped Bitcoin market share.Data shows that the total market capitalization of all wrapped Bitcoin tokens currently stands at approximately $12.5 billion to $13.5 billion, accounting for roughly 1% of Bitcoin's total market cap of about $1.25 trillion. (CoinDesk)
Recently, the decentralized stablecoin USDD officially announced that the PT-sUSDD/USDT and PT-sUSDD/USDC markets have gone live on Morpho. Users can swap USDT for PT-sUSDD on Pendle, then collateralize PT-sUSDD on Morpho to borrow USDT or USDC and obtain liquidity. This strategy is supported by Gauntlet. Currently, the borrowing rates for related vaults are low; combined with PT-sUSDD’s annualized yield, there is room for leveraged (i.e., “looped”) lending operations. Theoretically, looping 10 times could generate an annualized return of nearly 30%. Users may participate according to their individual risk appetite.
According to an official announcement, Circle has launched cirBTC on Ethereum. cirBTC is a wrapped Bitcoin asset backed 1:1 by native BTC and can be used in on-chain financial applications such as lending protocols, over-the-counter (OTC) trading, market making, treasury management, and settlement—enabling institutions to use their BTC as collateral without selling it.
Charlie (@0xBroze), co-founder of the Felix Protocol, announced that Felix’s HIP-3 DEX and all spot markets will begin shutting down on June 19 and complete shutdown by June 20; all traders must close their active positions before then. In its post-mortem analysis, the Felix team noted that competitor TradeXYZ successfully established a growth flywheel and gained market dominance by launching earlier, pricing in USDC (rather than Felix’s USDH), rapidly expanding the number of markets, and leveraging airdrop-driven brand effects. Although Felix launched first in markets such as OIL, GOLD, and SILVER—and recorded approximately $3 billion in trading volume—it was ultimately overtaken by TradeXYZ. Felix emphasized that the DEX shutdown will not affect its lending or spot stock trading businesses, and the team will continue focusing on upgrading and iterating these core products.
Coinbase has announced on the X platform that it has officially become the deployer of the Hyperliquid USDC Treasury wallet, activating the AQAv2 feature through two addresses.Analysts believe this adjustment means the USDC Treasury wallet within the Hyperliquid ecosystem will be deployed and managed by Coinbase for related on-chain operations, further strengthening the partnership between the two parties in stablecoin infrastructure.
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
MarketCards' official website shows its first MintBox has received subscriptions exceeding $300,000 within just 22 hours of launch, with the current subscription rate reaching 101.6%. The subscription window will close in 66 hours.This MintBox adopts an oversubscription model, publicly releasing 100% of the tokenized rights to rare cards (all are one-of-one unique pieces) to all participants. Users participate using USDC, and the platform will allocate the tokenized rights to winning users through a public and verifiable lottery mechanism.At 16:00 Beijing time on June 8th, secondary trading of the tokenized rights will commence.
According to Cointelegraph, Coinbase and Better Home & Finance announced they will launch a cryptocurrency-backed mortgage program in summer 2026, enabling qualified borrowers to use bitcoin (BTC) or USDC as collateral to fund down payments on mortgages backed by Fannie Mae. This initiative follows the U.S. Federal Housing Finance Agency’s (FHFA) directive in June 2025 instructing Fannie Mae and Freddie Mac to include crypto assets in mortgage risk assessments—without requiring conversion into fiat currency. Other lenders, including Newrez, have already begun adopting similar measures. However, some U.S. senators have expressed concerns that cryptocurrency price volatility could threaten housing market stability. Republican Senator Cynthia Lummis has introduced the “21st Century Mortgage Act,” aiming to codify this policy into law.
Coinbase announced on X platform that Pre-IPO perpetual contracts have been listed on Coinbase, with the first underlying asset being SpaceX, and are now open for trading to eligible non-US users. The contract supports 24/7 trading, settled in USDC, with no expiration date. After the IPO, related positions will be automatically converted to regular perpetual contracts with no action required.
Ivan Chebeskov, Deputy Minister of Finance of Russia, stated that the ministry does not wish to allow dollar-denominated stablecoins to circulate in the Russian market.Chebeskov pointed out that issuers of foreign stablecoins like USDT and USDC have the capability to freeze wallet assets held by users. Once such wallets engage in transactions with platforms licensed by the Central Bank of Russia, the risk of asset freezes for holders will significantly increase. He revealed that dollar stablecoins held by Russian legal entities have previously been frozen by issuers, while no similar incidents have occurred with Bitcoin and Ethereum due to the lack of relevant technical means.The Russian Finance Ministry believes it is necessary to establish a regulatory framework specifically for stablecoins, prioritize supporting the development of stablecoins pegged to the ruble and currencies of friendly nations, and grant the Central Bank of Russia the authority to adjust the list of related assets. (Bits.media)
Global payment networks Stripe, Visa, and Mastercard are close to launching a new stablecoin platform.According to sources familiar with the matter, U.S. cryptocurrency exchange Coinbase is also exploring the possibility of participating in this stablecoin platform. Meanwhile, Binance, Coinbase, Stripe, and Visa have all declined to comment, and Mastercard did not respond to requests for comment before publication. Additionally, the revenue-sharing agreement between Coinbase and Circle Internet is set to expire and be renewed in August of this year, with the current market cap of USDC reaching $76 billion. (CoinDesk)
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)
According to The Block, Coinbase Ventures announced its investment in Ethena by purchasing ENA tokens on the public market. The two parties also announced a strategic partnership to jointly expand onchain financial and savings products. According to Guy Young, Ethena’s founder, the integration will go live next week, marking the first time Ethena’s products will be made available to Coinbase’s over 100 million users. Additionally, the collaboration involves Circle’s USDC stablecoin, though specific details of this cooperation have not yet been disclosed.