Category: News

Hyperliquid, Paradigm Urge FinCEN Revise GENIUS Rule

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The lobbying arm of crypto futures exchange Hyperliquid and venture capital firm Paradigm has urged the US Treasury to revise a proposed anti-money laundering and sanctions rule for stablecoin issuers. The Hyperliquid Policy Center and Paradigm said in a letter on Tuesday that some secondary market obligations should be clarified or narrowed “to avoid unintended consequences for permissionless blockchain infrastructure and the DeFi ecosystem.” The pair said they endorse the Financial Crimes Enforcement Network’s (FinCEN) approach of putting compliance obligations on the “primary market,” such as issuers who have customer…

Morpho Raises $175M at $2B Valuation as Paradigm and A16z Back DeFi Push – Bitcoin News

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Key Takeaways Morpho raised $175M from Paradigm, A16z Crypto, and Ribbit at a $2B valuation. Morpho’s $6.6B TVL highlights rising institutional demand for DeFi lending. Paul Frambot aims to scale Morpho from crypto markets to Wall Street finance. Morpho Targets Institutional Finance as TVL Hits $6.6B Morpho has raised $175 million in fresh funding, giving the decentralized lending protocol a valuation of roughly $2 billion as it pushes deeper into institutional finance. The round was led by Paradigm, A16z Crypto and Ribbit Capital, according to Fortune. Apollo Funds, Circle Ventures…

Bitcoin Back At Production Cost: Analyst Says Best Value Zone Starts Here

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The founder of Capriole Investments has highlighted how Bitcoin is at the threshold of a zone that has historically provided the best long-term opportunities. Bitcoin Has Returned To Its Production Cost In a new post on X, Capriole Investments founder Charles Edwards has pointed out that Bitcoin is back at its Production Cost. The “Production Cost” here refers to an indicator that estimates the global average USD cost of producing one token of the cryptocurrency per day. BTC uses a consensus mechanism called the proof-of-work (PoW) in which validators called…

Prediction Market Need Measured Approach to Insider Trading

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Prediction market regulators should consider a measured approach to insider trading enforcement as opposed to an outright ban, according to research from an academic at the Stevens Institute of Technology. In a paper released on June 2, assistant professor of finance Balbinder Singh Gill developed a formal economic model to answer the question of how strictly insider trading in prediction markets should be policed. A paradox exists in that “the same insider trade that improves the accuracy of the price today can reduce the participation that makes the price informative…

NYC Hotel Prices Surge as One Back-of-House Role Heads Past $100,000 a Year – Bitcoin News

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Key Takeaways New York hotels avoided a strike; union pay rises 50%, with $61/hour targeted by 2034. Manhattan room rates near $500-$600 could climb another 50%-60% as costs increase. Bank of America data signals softer travel demand ahead of the 2026 World Cup. New York hotel prices soar as housekeeping wages surpass $100,000 New York hotels are raising rates again, and not by a little. Operators face mounting costs tied to staffing, financing, insurance, and a landmark labor pact that will make housekeeping a six-figure job within a few years.…

Solana (SOL) Back On The Defensive—Can Bulls Prevent Another Drop?

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Solana failed to stay above $67 and corrected some gains. SOL price is moving lower and might aim for another increase if it stays above $63.00. SOL price started a downside correction below $66 against the US Dollar. The price is now trading below $65 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $63 zone. Solana Price…

XRP Price On Shaky Ground As A New Selloff Threatens

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin, Ethereum, XRP and SOL enter CME’s new crypto index futures

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CME Group has launched Nasdaq CME Crypto Index futures, giving traders exposure to eight large cryptocurrencies through one regulated contract.  Summary CME’s new index futures combine eight major cryptocurrencies through a single cash-settled, regulated derivatives contract. Standard and micro contracts give traders broader crypto exposure without directly holding the underlying assets. The launch extends CME’s crypto expansion after adding more altcoin futures and continuous trading access. Trading began on June 8, while CME confirmed the launch on June 9. The product tracks Bitcoin, Bitcoin Cash, Ether, Solana, XRP, Cardano, Chainlink…

Crypto Users Wary as Anthropic’s Claude Mythos Goes Live

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AI company Anthropic on Tuesday released the first public version of its powerful Claude Mythos model, called Fable 5, with some crypto users worried it could be used for malicious purposes, despite embedded guardrails.  Anthropic said last month that its Mythos model uncovered more than 10,000 high or critical-severity vulnerabilities in “systemically important software,” leading many to question if it should be publicly released. This was despite the company saying on Tuesday that Fable 5 was “made safe for general use,” and has safeguards that reroute some topics, such as…

Ethereum Price Looks Vulnerable Again After A Failed Recovery Attempt

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Ethereum price started a downside correction from $1,720. ETH must clear the $1,670 and $1,700 resistance levels to continue higher. Ethereum started a downside correction below the $1,620 zone. The price is trading below $1,665 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,680 zone. Ethereum Price Resumes Decline Ethereum price failed to stay above the $1,700…