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Interactive Brokers strategist Steve Sosnick says crypto’s recent wobble has exposed a “ crypto tourist” problem where money that chased performance on the way up is now heading for the exits. The “ Crypto Tourist” Thesis Speaking on Laura Shin’s “Bits + Bips” podcast alongside co-host Steven Ehrlich, Sosnick argued that much of the capital … Read more
The S&P 500 climbed 0.26% to a record close of 7,599.96, opening the month with fresh all-time highs across major U.S. indexes, even as bitcoin slipped and trailed the equity rally. Tech Leads Indexes to Fresh Records U.S. equities began June on a solid note, as the S&P 500 rose 0.26% to close at an … Read more
Citi expects tokenized securities and real-world assets to grow from about $17 billion today to $5.5 trillion by 2030. The bank says Treasury bills, digital stocks, and stablecoins could become the main drivers of Wall Street’s move onchain. Citi Highlights Stablecoins, Treasuries and Stocks as Tokenization Leaders Citi expects the market for tokenized securities to … Read more
The proposal, introduced by pseudonymous developer cavemanloverboy, aims to increase the amount of SOL burned by introducing a new base fee for every transaction. This might make Solana’s network issuance deflationary during periods of very high activity, according to some estimations. Proposed Solana Tokenomics Might Make SOL Deflationary Solana developer cavemanloverboy has introduced a proposal … Read more
Arielle Pennington, SVP of Growth at Avalanche, stressed that the rise in these ticketing transactions before the FIFA World Cup shows how blockchain technology can be adopted in the background, integrating seamlessly into the user experience process without being promoted upfront. Avalanche Facilitates Over 60,000 FIFA World Cup Ticket Transactions The upcoming FIFA World Cup, … Read more
Binance will let non-U.S. users trade more than 7,000 U.S. stocks and ETFs with zero commissions and fractional purchases. The exchange also plans to introduce “bStocks,” allowing eligible users to tokenize certain equities on BNB Chain. Richard Teng Pushes Binance Into U.S. Equities Binance is moving deeper into traditional finance with a plan to offer … Read more
Bitmine Immersion Technologies added 26,497 ETH last week, lifting its total ethereum holdings to 5,416,901 coins valued at roughly $10.85 billion and bringing the company within striking distance of owning 5% of ethereum’s entire circulating supply. A Deliberate Slowdown, Not a Retreat The purchase, worth approximately $53 million at roughly $2,003 per ETH, marks a … Read more
A security researcher known as 0xflorent recovered roughly 1,003.62 ETH, worth approximately $2 million, that had been trapped inside a failed 2016 Ethereum ICO smart contract for nearly nine years. A 2016 ICO That Never Paid Back The funds originated from Hongcoin, also referred to as “The HONG,” a 2016 Ethereum-based project pitched as a … Read more
A total of 165 long-dormant bitcoin wallets moved approximately 5,073 BTC last month, with one address sitting idle since August 2010 finally coming to life in the final hours of May. Galaxy Research flagged one of the most notable movements on X, reporting that a wallet dormant for 15.8 years moved 20 BTC at block … Read more
Bitmex co-founder Arthur Hayes has publicly challenged investor Kyle Samani to a $100,000 charitable wager that Hyperliquid’s HYPE token will outperform any other current top-ten cryptocurrency through the end of 2026. A Public Dare With Charity on the Line Hayes laid down the gauntlet in a post addressed directly to Samani, proposing “a gentleman’s charitable … Read more