Iran’s main military command has closed the Strait of Hormuz to all vessels after fresh US attacks. Summary Iran’s Khatam al-Anbiya command said the Strait of Hormuz is closed to all vessels until further notice. Iranian media reported that Revolutionary Guards forces hit two ships attempting to pass through the waterway. US Central Command said…
Bitcoin price is trading near $61,000–$62,000 on June 10, down roughly 50% from its October 2025 peak above $126,000, and Binance founder CZ has stepped into the silence with a characteristically calm message: don’t panic, the Bitcoin dip is temporary, and the bottom may already be in. It is the kind of statement that sounds…
The exchange argued that tracking gains on stablecoin purchases creates administrative complexity without generating meaningful tax revenue. Coinbase’s vice president of tax, Lawrence Zlatkin, testified before the House Ways and Means Committee on June 9, asking lawmakers to stop requiring Americans to calculate capital gains every time they spend a stablecoin or pay a…
Brad Garlinghouse has endorsed claims that Wall Street firms are increasingly pursuing the same institutional finance strategy that XRP was once criticized for supporting. Summary Brad Garlinghouse backed Hugo Philion’s claim that Wall Street and crypto firms are increasingly adopting XRP’s institutional finance vision. Philion said Ripple’s payments strategy has remained consistent despite years of…
Morpho Association raised $175M from the likes of a16z and Paradigm, marking the largest funding round in DeFi history and valuing the protocol at approximately $2Bn. Co-founded by Merlin Egalité, the protocol boasts over $11Bn in deposits and powers lending for major platforms like Coinbase, Kraken, and Binance. While it may seem like a typical…
Debate continues over whether decentralized systems or centralized financial institutions are better positioned to handle quantum-era risks. Venture capitalist Tim Draper says fears that quantum computing will break Bitcoin (BTC) are misplaced, arguing that traditional banks and the dollars held within them face a bigger security risk. In comments published by Benzinga and amplified…
Mastercard has launched an AI payments network backed by more than 30 companies, including Ripple, Coinbase, and the Solana Foundation, to enable autonomous software agents to transact without human intervention. Summary Mastercard launched an AI payment network backed by Ripple, Coinbase, and more than 30 fintech and blockchain companies. The new Agent Pay for Machines…
U.S. spot Bitcoin ETFs assets stood at $77.58Bn as of June 10, 2026, precisely where they were the week Donald Trump won the presidential election in November 2024. In the intervening 19 months, these funds climbed to a record $169.54Bn, then bled back every dollar of those gains. Over just the past four weeks, Bitcoin…
A potential 30% drop in the XRP/ETH ratio could shift near-term preference back toward XRP, according to the current framework. A popular analyst has said that right now, Ethereum (ETH) is the better trade for shorter-term players, but Ripple’s ts2qaXRP has more upside for anyone willing to hold through the current cycle. That call…
Senator Elizabeth Warren has called on the SEC to delay SpaceX’s $75 billion IPO, citing concerns over investor protections, governance risks, and the company’s $1.8 trillion valuation. Summary Elizabeth Warren has urged the SEC to delay SpaceX’s $75 billion IPO over governance, disclosure, and investor protection concerns. The senator questioned SpaceX’s $1.8 trillion valuation and…
