Author: boss

UK Proposes Limited Retail Fund Exposure to Crypto

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The UK’s Financial Conduct Authority has proposed allowing some authorized investment funds to hold up to a 10% allocation of crypto exchange-traded notes, closing a regulatory gap between retail investors and funds. The FCA floated the idea in a quarterly consultation paper on Friday, which would allow retail-focused funds called undertakings for collective investment in transferable securities, or UCITS funds, and some non-UCITS funds to gain exposure to crypto. The regulator said it wanted authorized funds to “remain contemporary and consistent with the demands of investors” while ensuring consumers “are…

Zcash Crashed 50% On A Four-Year-Old Secret — The Recovery Has Quietly Begun

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Zcash has completed a two-phase emergency network upgrade to fix a critical vulnerability in its Orchard shielded pool — a flaw that sat undetected for four years, could theoretically have allowed unlimited undetectable counterfeit ZEC creation, and triggered a 50% price collapse before the network’s swift response began restoring confidence and driving a recovery in ZEC’s price. Related Reading Josh Swihart, CEO of Electric Coin Company — the primary developer of Zcash — posted on X on June 7 confirming the fix was complete and the network secure, as ZEC…

Top 100 Bitcoin Treasuries Now Hold 1.26M BTC

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Key Takeaways Top 100 institutional bitcoin holders now control nearly 1.26 million BTC, although Strategy alone accounts for more than two-thirds of that total. Mining firms, technology companies, private enterprises, and treasury vehicles are using bitcoin to diversify reserves, hedge inflation risk, and signal long-term conviction. The data shows broad institutional participation, but holdings remain highly concentrated among crypto-native firms and one dominant corporate buyer. Bitcoin Treasuries Are Turning Scarcity Into Strategy Institutional bitcoin accumulation has grown dramatically, with the top 100 holders now controlling 1,258,090 BTC as of June…

What’s Going Wrong With XRP? Expert Points To 2 Major Bearish Flips In These Key Metrics

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XRP and much of the broader crypto market managed a short-lived bounce on Monday after last week’s sharp drop to around $1.04. The recovery, however, comes with fresh cautions hanging over the token.  Alex Carchidi, expert from The Motley Fool, argues that two important XRP-related metrics have turned notably bearish over the last 30 days. If the situation does not improve soon, he warns, it could undermine the argument that XRP is the “go-to” way to gain exposure to institutional activity in the tokenization market. Two Bearish Signals Emerge  Carchidi…

Humanity Protocol Hacked, H Token Crashes 85%

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The Humanity Protocol, dubbed the “Chinese Worldcoin,” has been exploited for more than $30 million through a private key compromise, sending the price of H tokens plummeting on Tuesday.  “We’ve detected a security incident involving the compromise of private keys belonging to a member of the Humanity Foundation,” said Terence Kwok, founder and CEO of Humanity Protocol, on Tuesday. Kwok advised users not to interact with the bridge or any liquidity pools until it has been deemed safe and added that the team was working with security experts, but did…

Bitcoiners Stand Firm Even if Bitcoin Crashes to $0

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Key Takeaways Most bitcoin supporters indicated that even a total collapse to $0 would not validate Peter Schiff’s bearish thesis. Respondents also highlighted intermediate thresholds between $20,000 and $1,000, showing persistent optimism despite potential losses. Schiff warned technical weakness could push BTC toward $25,000 to $27,000, intensifying scrutiny of Strategy Inc.’s holdings. Bitcoiners Reject Peter Schiff’s Bearish Case Even in Collapse Scenario Economist and gold advocate Peter Schiff sparked renewed debate over bitcoin’s sustainability after sharing a poll highlighting persistent optimism among bitcoiners, despite potential massive losses. Schiff, a long-time…

OpenAI Confidentially Files for US IPO

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ChatGPT creator OpenAI has confidentially filed for an initial public offering in the US, becoming the third major AI company this year to set up plans for a Wall Street debut. OpenAI posted to X on Monday that it filed confidential paperwork with the US Securities and Exchange Commission, but had not decided when it would launch to the public. “We expect it to leak so we’re just announcing it,” the company wrote. “We have not decided on timing yet; it may be a while because there are things we…

XRP Just Printed A Rare Binance Signal As Market Volatility Accelerates

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XRP is trying to reclaim the $1.15 level after a decline that carried the price to its lowest point since 2024 — a drop that has erased months of recovery progress and left holders navigating a market structure that offers little immediate clarity on direction. The price is attempting a bounce — and an Arab Chain analysis tracking Binance volume activity has identified a signal in the trading data that adds important context to both the recent decline and the current recovery attempt. Related Reading The XRP Volume Z-Score on…

Bitcoin Price Stumbles Near $64K—Was The Rebound Just A Trap?

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Bitcoin price started a recovery wave above the $62,500 zone. BTC is consolidating and might aim for more gains if it clears the $64,000 resistance zone. Bitcoin started a recovery wave and climbed above $62,000. The price is trading above $62,200 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $64,000 zone. Bitcoin Price Recovery Faces Resistance Bitcoin…

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

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Key Takeaways OpenAI filed a confidential S-1 with the SEC on June 8, 2026, at an $852 billion post-money valuation with no confirmed IPO date. The filing follows Anthropic’s June 1 confidential S-1 and a May 2026 jury win clearing OpenAI’s Public Benefit Corporation restructuring. Goldman Sachs and Morgan Stanley are lined up as underwriters, with a September 2026 debut reported but not confirmed by OpenAI. OpenAI Confirms the Filing The company acknowledged the submission in a statement that circulated widely across social media. “We recently submitted a confidential S-1,”…