Category: News

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…

Crypto Outflows Are Sentiment Shock, Not Structural Crisis: CoinShares

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Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares. In a statement sent to Cointelegraph, Butterfill said that sentiment in crypto markets has “soured drastically” after billions of dollars flowed out of digital asset investment products in recent weeks. “This is a pure sentiment shock rather than a structural break,” Butterfill said. Butterfill added that the correction was being driven primarily by geopolitics, with uncertainty around the Iran conflict…

Pyth Launches 24/7 Pricing Indices for Stocks and Commodities

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Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges. The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets. According to Pyth, the indexes are designed for perpetual futures, tokenized assets, prediction markets, derivatives settlement and exchange-traded product benchmarking, providing continuous reference prices even when traditional financial markets are closed. The initial lineup includes major US stocks such as…

Trump Warns Iran Will ‘Pay the Price’ as Gas Prices Jump 40% and Inflation Hits 3-Year High – Bitcoin News

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Key Takeaways May 2026 CPI reached 4.2% YoY, the highest reading since April 2023, driven by a 40.5% gasoline spike. Trump’s Iran escalation on June 10 adds fresh geopolitical risk, keeping oil and energy costs elevated into the FOMC. The Fed meets June 16-17 with rate cuts increasingly unlikely as core CPI holds at 2.9% above the 2% target. Inflation Accelerates for Third Straight Month The May CPI print, released at 8:30 a.m. EDT on June 10, marked the third consecutive month of headline acceleration. The April reading had come…

Dogecoin Is One Step Away From The Same Pattern That Triggered 2021’s 29,000% Rally, What Next?

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Dogecoin is trading at $0.085 in early June 2026, which is about 88% below its all-time high but deep inside what one analyst believes is the most important technical setup the meme coin has seen since its pre-2021 launch sequence. The difference this time, however, is that the crypto market is no longer dealing with the same small meme coin from the last cycle but with a larger asset sitting in a different liquidity environment. Dogecoin Repeats Its Old Monthly Structure Technical analysis of Dogecoin’s price action on the monthly…

Bitcoin Price Risks Plunging to $30K as Institutions Dump 450% of Daily BTC Supply

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Bitcoin (BTC) faced renewed risks of a breakdown toward $30,000, according to a new analysis, as institutional demand turned deeply negative. Key takeaways: Data shows institutions are offloading around 450% of the daily BTC supply. Bitcoin risks slipping below $30,000 if supply absorption remains weak. Institutions are selling almost 2,000 BTC per day Capriole Investments’ institutional buying model, which tracks Bitcoin demand from ETFs, corporate treasuries, and miner issuance, shows net institutional selling at around 450% of daily mined supply, equivalent to about 2,000 BTC per day. BTC/USD vs institutional…

Blackrock’s IBIT Leads $77M Bitcoin ETF Outflow as XRP Funds Add $7.4M

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Key Takeaways Bitcoin ETFs lost $77.44M on June 9 as Blackrock’s IBIT led another day of outflows. Ether ETFs shed $40.85M, showing demand remains uneven after June 8’s rebound. XRP ETFs gained $7.44M, and solana ETFs added $794K, signaling selective interest. Bitcoin and Ether ETFs Lose $118M as XRP and Solana Draw New Inflows The brief lift in crypto exchange-traded fund (ETF) sentiment proved fragile. After Monday’s stronger ether flows and scattered signs of demand in bitcoin funds, investors turned more defensive again. The selling was not as severe as…

Hoskinson Says Ripple Needs Midnight to Unlock XRP’s Potential

Cardano founder Charles Hoskinson recently suggested that Ripple should integrate Midnight, a privacy sidechain by Input Output Global, to enhance XRP’s role in DeFi, tokenization, and institutional finance. He noted that the XRP Ledger is designed for payments, which limits its functionality for yield generation and on-chain lending. Midnight could bridge this gap by offering a zero-knowledge proof-based environment without requiring Ripple to overhaul its core infrastructure. Hoskinson estimated that this integration could unlock over $100 billion in idle XRP liquidity, a figure that warrants critical evaluation. The central question…

Trump’s $500M World Liberty Deal Exposes CLARITY Act Integrity Gaps

Four days before Donald Trump’s January 20, 2025, inauguration, Eric Trump signed an investment agreement selling a 49% stake in World Liberty Financial to Aryam Investment 1.  An Abu Dhabi vehicle backed by Sheikh Tahnoon bin Zayed Al Nahyan, UAE national security adviser and brother of the UAE president, for $500 million, with an initial tranche of $250 million delivering approximately $187 million to Trump-linked entities and at least $31 million to entities tied to Steve Witkoff, World Liberty Financial co-founder. Today, this transaction sit at the center of a…

Is Bitcoin price near a bottom as half of supply turns red? K33 says yes

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Bitcoin’s latest selloff pushed more than 50% of its circulating supply into an unrealized loss, according to K33 Research.  Summary More than half of Bitcoin supply now sits underwater after price briefly slipped below $60,000. Past cycles often bottomed within weeks, though Bitcoin sometimes recorded one final deeper decline afterward. Record ETP outflows and extreme fear pressure Bitcoin, while lower leverage reduces liquidation-driven market risk. More than 10 million BTC last moved above current prices after Bitcoin briefly fell below $60,000. The move also took Bitcoin under its 200-week moving…