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DIGIT – Page 71 – DIGIT INFO

Crypto Oversight in the Spotlight After Warren Questions Federal Regulation

U.S. Senator Elizabeth Warren pressed the CFTC over whether it can effectively police fast-growing crypto and prediction markets. Her letter cited staffing cuts, declining enforcement, and potential industry and political influence as risks to investors. Crypto Oversight in the Spotlight After Warren Questions Federal Regulation U.S. Senator Elizabeth Warren on June 8 announced an inquiry … Read more

OpenAI Files Draft S-1 at $852B Valuation as ChatGPT Hits 900M Weekly Users

OpenAI, the company behind ChatGPT, filed a confidential draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on Monday, positioning itself for a potential public offering that could rank among the largest in market history. OpenAI Confirms the Filing The company acknowledged the submission in a statement that circulated widely across social … Read more

Peter Schiff Calls Jamie Dimon’s Stablecoin Regulation Argument ‘Nonsense’

Peter Schiff pushed back against JPMorgan Chase CEO Jamie Dimon’s call for bank-style rules on crypto firms offering yield products. The debate centers on whether stablecoin issuers, which typically back tokens with reserves, should be regulated like federally insured banks that use deposits to make loans. Peter Schiff Says Bank Rules Do Not Fit Stablecoin … Read more

Mbappé Objects to France Stars’ Images Promoting Bookmaker Ahead of World Cup

Several France internationals, led by Kylian Mbappé, are unhappy that their images were used in a World Cup betting promotion for Betclic, an official partner of the French football federation, according to L’Équipe. A grievance aimed at the federation, not the bookmaker French national-team players, led by Kylian Mbappé, are unhappy about the use of … Read more

JPMorgan: Strategy’s $1.7 Billion Dividend Bill Could Force More Bitcoin Sales

JPMorgan warned that Strategy’s ability to fund roughly $1.7 billion in annual dividends could shape the crypto market’s second half, after the company sold bitcoin for the first time since 2022. A $1.7 Billion Question JPMorgan said the crypto market’s second-half performance will hinge in part on how Strategy Inc. (Nasdaq: MSTR) funds its roughly … Read more

Report: Seoul Police Raid Bithumb HQ in Probe Tied to Lawmaker’s Son

Seoul police reportedly executed a second search warrant at Bithumb’s headquarters on Monday as investigators pressed deeper into a corruption probe centered on independent lawmaker Kim Byung-ki. Second Raid in 4 Months The Seoul Metropolitan Police Agency’s Public Crime Investigation Unit was said to have arrived at Bithumb’s Gangnam-gu offices on Monday morning, marking the … Read more

Bitcoin Rebounds Above $64K as Derivatives Traders Trigger $282.5M Liquidations

Bitcoin successfully reclaimed the $64,000 threshold, reversing a brutal multi-day rout that had previously dragged it below $60,000. Bitcoin Reclaims $64,000 Amid Geopolitical Storm Bitcoin staged a resilient comeback, shrugging off a volley of escalating military exchanges between Israel and Iran to aggressively reclaim the $64,000 threshold. The cryptocurrency’s swift rebound offers a stark contrast … Read more

Warsh Faces His First Test June 17 as Traders Hunt for Hidden Signals in the Fed’s Dot Plot

Traders on multiple prediction markets are pricing near-certainty that the Federal Reserve will hold interest rates unchanged at its June 16–17 meeting, even as a new Fed Chair steps into one of the most scrutinized policy seats in the world. Warsh Takes the Chair Kevin Warsh officially leads the Federal Open Market Committee (FOMC) for … Read more

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