Category: News

Botanix Pulls Plug on Bitcoin L2 After 4 Years as Fee Income Falls Short

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Key Takeaways Bitcoin L2 network Botanix is winding down all operations after a 4-year effort to build on the blockchain. The team notes the crypto market favors centralized venues like Hyperliquid over decentralized L2 structures. Users must withdraw bitcoin and other digital assets from the Spiderchain network before July 9, 2026. The Playbook Botanix Refused to Follow Bitcoin layer-two ( L2) network Botanix has announced it is winding down operations, a decision that effectively marks the end of a four-year effort to bring native smart contract utility to Bitcoin. The…

XRP Enters Traditional Banking As SBI Shinsei Unveils New Pilot Program

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The relationship between traditional banking and digital assets continues to evolve as SBI Shinsei Bank prepares to launch a pilot program to integrate blockchain-based solutions into its payment infrastructure. This initiative represents a unique step toward integrating cryptocurrency incentives into conventional banking products. A New Pathway For Banking Customers To Access XRP Japan SBI Shinsei Bank is preparing to introduce a new way for customers to interact with digital assets by allowing them to convert a portion of their deposit interest into cryptocurrency rewards, including XRP. According to RippleXity’s post,…

Fold sells $45M in Bitcoin to erase debt and fuel growth

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Fold Holdings has sold approximately $45 million worth of Bitcoin and eliminated all of its secured debt obligations as the fintech company prepares for a new round of product launches and expansion efforts. Summary Fold sold $45 million worth of Bitcoin, using $20 million to eliminate secured debt and retaining $25 million for growth initiatives. Shares surged as much as 162% after the announcement as investors reacted to the stronger balance sheet and improved liquidity. Fold joins companies including Sequans, Genius Group, MARA, and Bitdeer that have recently used Bitcoin…

Will BTC Price Keep Rising in June?

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Bitcoin (BTC) erased its intraday losses and rose by around 2.5% to $62,410 immediately after the US inflation report, even as the headline Consumer Price Index (CPI) hit its highest level in more than three years. BTC/USD hourly chart. Source: TradingView Key takeaways: Bitcoin rose as the latest US CPI reading matched economists’ expectations. BTC still faces short-term downside risks as it trades below strong resistance levels. May US inflation matched expectations The US CPI rose 4.2% year over year in May. On a monthly basis, headline inflation increased 0.5%,…

SpaceX IPO Hits Nasdaq June 12 at $135 — Retail Investors Face Long Odds on Allocation – Bitcoin News

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Key Takeaways SpaceX prices its $75B IPO at $135/share on June 11, with Nasdaq trading beginning June 12 at 9:30 a.m. ET. Kraken, Bybit, Coinbase International, and Ondo Finance offer non-U.S. users tokenized or synthetic SpaceX exposure. Jay Ritter’s research shows 90%+ of IPOs trade below their first-day low, making day-one purchases high-risk. The offering would give the company a post-IPO market cap of roughly $1.75 trillion, placing it among the largest public listings in U.S. history. Goldman Sachs is leading the deal, joined by Morgan Stanley, Bank of America…

BlackRock updates filing for Bitcoin Income ETF with covered calls

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BlackRock has expanded disclosures for its proposed Bitcoin Premium Income ETF, reporting $9.99 million in net assets and a covered-call strategy tied to IBIT. Summary BlackRock updated its Bitcoin Premium Income ETF filing, disclosing a 0.65% sponsor fee and $9.99 million in net assets. The proposed BITA fund plans to generate income by selling covered call options on IBIT and related Bitcoin ETF indexes. Seed capital transactions included the purchase of nearly 110 BTC, 90,901 IBIT shares, and the writing of 856 options contracts. According to a June 10 filing…

Onchain Gambling Defies Crypto Pullback With $14B Quarter: TRM Labs

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Prediction markets overtook onchain gambling for the first time in the opening quarter of 2026, recording $36.6 billion in volume compared with gambling’s $14 billion, according to TRM Labs. In a Wednesday report, the blockchain intelligence company said the shift followed a rapid expansion in both sectors. Onchain gambling reached $51 billion in 2025, while prediction markets climbed to $54 billion, putting the two categories at comparable scale heading into 2026.  Still, onchain gambling remained near record levels. Quarterly gambling volume reached an all-time high of $15 billion in the…

AI Deepfake Election Ad Raises Transparency Concerns

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The election season is ramping up in the United States, meaning that airwaves and social media are flooded with campaign ads. Candidates, in addition to the political action committees (PACs) supporting and opposing them, are projected to spend a record-breaking $10 billion in ads this cycle. Some of that is going into AI deepfakes.  At least 15 AI-generated campaign ads have run since November, according to NBC News. Some have used deepfakes to portray a candidate doing or saying things that compromise their campaign’s image. Transparency advocates say the ads,…

Bitcoin Price Is Headed To $150,000 In These 4 Scenarios Shared By This Analyst

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Crypto analyst Crypto Lens has predicted that the Bitcoin price could rally to a new all-time high (ATH) of $150,000. This came as he outlined four scenarios that will build toward this rally to a new ATH by next year.  Bitcoin Price To Still Rally To $150,000 Amid These Four Scenarios In an X post, Crypto Lens predicted that the Bitcoin price would rally to $150,000 by February next year. This came as he noted that BTC is now hovering at the exact level where every bull trap ends. The…

Robinhood Says It Won IPO Underwriter Approval as SpaceX Eyes Retail

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Robinhood Securities said it had secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks. Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is “now approved to serve as an underwriter,” without specifying which regulator granted the approval, a process that typically involves oversight from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Framing the move as the “natural next step” after launching IPO Access in 2021, Tenev…