Category: News

Whale Opens $22.3M SPCX Long as Synthetic Price Hits 30% premium

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SpaceX’s IPO is already spilling into crypto markets, where one whale has opened a $22.3 million leveraged long on SPCX, a synthetic pre-IPO perpetual contract tied to Elon Musk’s aerospace company. Key takeaways: The whale is already sitting on more than $1.15 million in unrealized profit. Synthetic SPCX is trading near $175, roughly 30% above SpaceX’s $135 IPO price. Whale’s paper profits are over $1.15 million already The whale’s position, visible on data resource Hypurrscan, shows the trader holding a 2x isolated long on “xyz:SPCX” worth about $22.29 million. Address…

TRM Warns of World Cup Crypto Scams Targeting Fans

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TRM Labs warned that crypto scammers are targeting FIFA World Cup fans through fake ticketing sites, fixed-match betting schemes and event-themed crypto promotions.  The blockchain intelligence company said it identified several World Cup-related scam operations, including two fake-ticketing sites and one fixed-match betting pitch tied to four crypto addresses. “Criminals always look to exploit major events and cultural moments and they don’t wait until kickoff,” Ari Redbord, global head of policy at TRM Labs, told Cointelegraph. “Scammers build and position their infrastructure weeks in advance, then scale it the moment…

Crypto Laundering Network Linked To Ransomware Dismantled

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TL;DR Chainalysis says law enforcement has dismantled AudiA6, a crypto laundering network linked to ransomware and darknet activity. The firm says the network processed about 10,333 BTC since 2021, historically valued at roughly $389 million. Authorities arrested two suspected senior administrators in Georgia, while the U.S. is seeking extradition. The case highlights how illicit crypto cash-out networks can rely on legitimate exchanges, mule accounts, and darknet infrastructure. An international law enforcement operation has dismantled a cryptocurrency laundering network known as AudiA6, according to blockchain analytics firm Chainalysis, in a case…

Strategy’s 32 BTC sale puts Saylor’s Bitcoin mantra on trial

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Michael Saylor defended Strategy’s small Bitcoin sale at BTC Prague, saying the move did not change the company’s long-term Bitcoin position. Summary Strategy sold 32 BTC for $2.5 million to fund preferred stock dividend payments due June. Saylor said his never-sell advice targeted individual holders, not corporate treasury management decisions at Prague. Strategy later bought 1,550 BTC, lifting current reserves to 845,256 Bitcoin after the sale disclosure. Michael Saylor addressed Strategy’s 32 BTC sale during an appearance at BTC Prague on June 11. The comments followed criticism from traders who…

Bitcoin options expiry puts $60K support in focus as $2.5B expires

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Bitcoin and Ether options worth about $2.5 billion expire on June 12, putting the $60,000 to $62,000 Bitcoin range back in focus. Summary Bitcoin options worth $2.23 billion expire today as BTC trades close to $63,000 support levels. GreeksLive data showed downside dealer exposure concentrated around Bitcoin’s key $60,000 to $62,000 range. Ether options worth about $293 million also expire, with ETH still flat near $1,650. Around 35,000 Bitcoin options contracts expire today, with a notional value near $2.23 billion. The event is slightly larger than last week’s expiry, but…

Law Enforcement Shuts Down AudiA6 Crypto Laundering Ring

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An international law enforcement operation among 11 countries has shut down AudiA6, a money laundering ring that processed over 336 million euros ($390 million) in illicit funds between 2022 and 2025. On Wednesday, authorities arrested two administrators, Russian and Ukrainian nationals, in Georgia, seized 25 domains and more than 30 servers and 80 vehicles and froze roughly $900,000 in cryptocurrency, the European Union Agency for Criminal Justice Cooperation (Eurojust) said Thursday. The AudiA6 “mixer-as-a-service” was used by cybercriminals involved in ransomware attacks to cash out stolen crypto and conceal the…

Blockworks Acquires Messari in Deal Valued Above $10M

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Crypto data and media company Blockworks has acquired analytics firm Messari for more than $10 million, according to a Wall Street Journal report. Messari is a crypto research and analytics company backed by investors including Brevan Howard Digital and Point72 Ventures. The company raised $35 million in a Series B funding round in 2022 that valued it at around $300 million. Source: Messari According to The Wall Street Journal, the steep discount reflects both Messari’s recent struggles and broader weakness across the crypto sector. Earlier this year, Messari replaced CEO…

Exodus Adds 200+ Tokenized Stocks and ETFs Through Ondo

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Exodus has launched a marketplace for tokenized assets through a partnership with Ondo Finance, allowing eligible users to trade more than 200 tokenized stocks, ETFs and other real-world assets on Solana directly from the crypto wallet. The company said Exodus Markets is available in select markets and that users can access the service by updating to the latest version of the app. Tokenized assets do not represent ownership of the underlying securities and do not provide shareholder rights, according to the announcement. Cointelegraph contacted Exodus to determine which jurisdictions are…

Tokenized Stocks to Win Big on SEC Rule Rescission

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The US Securities and Exchange Commission proposal to rescind rules around order protections and price quotes could remove a major legal barrier for tokenized US stocks. The SEC on Thursday proposed to scrap two rules in its national market system regulations. Rule 611 that bans “trade-throughs,” where a stock order on one exchange can’t be for a worse price than on another, and Rule 610(e) banning exchanges from displaying a bid at the same or higher price than what is available elsewhere. Galaxy head of research Alex Thorn said the…

LG Electronics, Arbitrum Launch Blockchain Ad Network

South Korean tech giant LG Electronics is working with the Ethereum layer-2 network Arbitrum to build a blockchain-based advertising network aimed at serving the digital ad industry.  Arbitrum would give advertisers and publishers a shared database of ad inventory and track how customers interact with advertisements, with the company exploring how to bring the service to market this year, Fortune reported on Thursday. “We are evaluating whether this approach can deliver meaningful value to advertisers, publishers and audiences,” said Samuel Byungsun Park, the head of LG Electronics’ blockchain research lab. …