Hyperliquid, Paradigm urge revision of GENIUS money laundering rule
The Hyperliquid Policy Center and Paradigm say the Treasury’s money laundering rules for the GENIUS Act are too onerous for stablecoin issuers. Go to Source
DIGIT
Toncoin Officially Becomes Gram on June 15, 81% Community Vote Seals the Rebrand
The Open Network’s native token Toncoin is being renamed to Gram, with the ticker changing from TON to GRAM, effective June 15 at 12:00 UTC. The community has spoken with an 81.22% majority, the rollout is already underway, and every exchange, wallet, and block explorer in the ecosystem has a hard deadline to complete the … Read more
Morpho Raises $175M at $2B Valuation as Paradigm and A16z Back DeFi Push
Morpho has raised $175 million in a funding round led by Paradigm, A16z Crypto, and Ribbit Capital. The DeFi lending protocol is now valued at about $2 billion as it expands from crypto-native markets into institutional finance. Morpho Targets Institutional Finance as TVL Hits $6.6B Morpho has raised $175 million in fresh funding, giving the … Read more
‘Maximal’ ban on insider trading would hurt prediction markets, says researcher
“The same insider trade that improves the accuracy of the price today can reduce the participation that makes the price informative tomorrow,” said Balbinder Singh Gill. Go to Source
NYC Hotel Prices Surge as One Back-of-House Role Heads Past $100,000 a Year
$61 an hour by 2034 is where union housekeeper pay is headed under a strike-averting deal that lifts wages 50% over eight years, putting full-time earnings at $100,000 to $110,000 by 2032. In a market where Manhattan rooms already average between $500 and $600 a night, rates are expected to climb another 50% to 60% … Read more
Crypto users wary as Anthropic releases Claude Mythos with safeguards
Venture capitalist Simon Dedic said Anthropic’s latest AI models drop the cost and skill needed to find crypto exploits to “basically zero.” Go to Source
Masspay Expands Circle Integration With USDC Payouts, Giving Firms New Treasury Options
Masspay has expanded its integration with Circle’s Managed Payments service to allow businesses to facilitate stablecoin payouts and treasury operations without the complexity of direct digital asset management. Abstracting Blockchain Complexity Global payouts platform Masspay has expanded its integration with Circle Payments Network’s Managed Payments service, enabling businesses to fund and make payments using stablecoins … Read more
Wintermute Warns Bitcoin Bottom Is Unclear With ETF Outflows Near $3B
Wintermute said bitcoin’s latest decline was driven mainly by U.S. institutional selling and ETF outflows, not Strategy’s small BTC sale. The firm warned that capital inflows have not returned, making it too early to call a market bottom. Wintermute Sees Early Bitcoin Accumulation but Says Recovery Lacks Confirmation Bitcoin’s sharp fall below $62,000 was driven … Read more
Can SpaceX IPO Deliver? Devere Says Real Test Comes After
SpaceX’s expected market debut could test whether public investors still have patience for massive private-market valuations. Devere Group says the real challenge will begin after the IPO, when investors start judging growth, spending, execution, and profitability quarter by quarter. SpaceX’s June Debut Could Test Public Demand for Historic IPO SpaceX’s long-awaited stock market debut is … Read more
61 Crypto Leaders Urge Senate to Pass CLARITY Act With Developer Protections
A coalition of 61 industry leaders, founders, and investors is urging Senate leaders to pass the CLARITY Act while preserving key developer protections. The push follows Senate Banking Committee approval of the Blockchain Regulatory Certainty Act (BRCA) that would clarify rules for developers and service providers. Developer Protections Move to Center of US Crypto Regulation … Read more