Key Takeaways Fidelity launched FYMXX on June 15, a fund for stablecoin issuers under the GENIUS Act. FYMXX’s 0.25% fee adds competition as Fidelity targets the $315B stablecoin market. Fidelity joins State Street and Blackrock as reserve demand grows toward 2030. Fidelity Expands Into Stablecoin Infrastructure With New Government Money Fund Fidelity Investments has launched…
Key Takeaways Nine European regulators pledged joint enforcement against unlicensed prediction markets during the World Cup. The statement warns sports bodies to check legality before partnerships. Kalshi and Polymarket were already blocked or under investigation across much of Europe, including Spain in May. A Coordinated Line as the World Cup Drives Betting The regulators of…
Key Takeaways Cryptoquant’s Ki Young Ju says a prolonged sideways market, not a crash, is the real risk to Strategy’s STRC structure. STRC, an 11.5%-dividend preferred stock built to trade near $100, slid toward $85 as bitcoin hovered around $64,000 throughout June. Strategy holds more than 846,000 BTC and has used STRC proceeds to fund…
Key Takeaways Morgan Stanley amended ETH and SOL ETF filings, setting a low 0.14% sponsor fee. MSSE and MSOL could pressure rivals, undercutting Grayscale’s 0.15% ETH fee. Figment, Galaxy, and Coinbase Canada may stake assets, with 5% rewards allocated. Morgan Stanley Expands Crypto ETF Push With Low-Cost Ethereum and Solana Funds Morgan Stanley is moving…
The authorization was granted by the Austrian Financial Market Authority (FMA). The Austrian authorization marks a key step in WhiteBIT’s European growth strategy and underscores WhiteBIT EU’s commitment to operating within a transparent, secure and harmonized regulatory framework. Under MiCAR, WhiteBIT EU will be able to provide regulated crypto-asset services to eligible users across the…
Key Takeaways XLM rose more than 45% over a 72-hour stretch this week, leading several major-cap performers. Stellar enabled tokenized U.S. Treasuries and AAA-rated CLOs via Sushi, with onchain real-world assets near $2.3 billion. XLM is trading between $0.22 and $0.25, with $0.30 the key level traders are watching for a breakout. What’s Driving the…
Key Takeaways El Salvador added another BTC to its reserve, pushing holdings above 7,680 BTC worth over $510 million. The country has stuck to a roughly one-bitcoin-a-day policy, adding more than 1,600 coins between January and April 2026. Purchases continue despite a $1.4 billion IMF agreement that calls on the public sector to stop buying….
Key Takeaways STRC hit $82.53 on June 18 before Strategy’s preferred stock closed at $88.59. Strategy’s $10.5B STRC stack showed bitcoin-linked credit can trade far from par. Michael Saylor’s 11.50% STRC rate now faces a fresh test near its $100 target. Why STRC’s Wild Session Matters to Bitcoin Treasury Bulls The move was not some…
Key Takeaways As of June 10, The Alliance for Secure AI Action tracked 126,510 U.S. jobs lost, next driving AI market fears. Brendan Steinhauser warned that AI firms hoard wealth, while 40% in a February Pew survey fear market harm. Bernie Sanders introduced an AI fund act to next share 50% market ownership with the…
Key Takeaways On June 17, Australia’s High Court ruled 7-0 that Block Earner offered its crypto yield product illegally. ASIC’s win sets a 2026 precedent that technology-neutral financial laws firmly cover crypto assets. Lower courts will next decide if Web3 Ventures must face civil penalty fines following ASIC’s appeal. High Court Sides With Regulator In…
