Strategy also sold about 800,000 shares for $128 million through its at-the-market program in the same week. If the bitcoin sale did not matter, traders were left asking why it needed to happen at all. One possible answer is the S&P 500. Strategy met the technical requirements for index inclusion in September 2025 but was […]
Archives for June 12, 2026
SpaceX IPO scramble reveals difference between tokenizing a stock and getting one
One person familiar with the matter told CoinDesk that xStocks and its distribution partners gathered more than $1 billion in customer orders. But when underwriters finalized allocations, many of those requests went unfilled. Binance, Bybit and Bitget received no shares and canceled their offerings. Meanwhile, customers of Kraken and xStocks received only a fraction of […]
Fireblocks Says Institutional ETH Staking Is Moving Toward Standardized Rails
TL;DR Fireblocks says it has launched ETH Staking Link, a standardized interface for institutional Ethereum staking integrations. The company says more than 36 million ETH, roughly 30% of circulating supply, is now staked across Ethereum. Fireblocks says Ethereum staking on its platform has more than doubled over the last six months. The update also highlights […]
Aave Proposal Moves To Add Circle Wrapped Bitcoin As Collateral
TL;DR Aave Labs has proposed onboarding Circle Wrapped Bitcoin, or cirBTC, to Aave V3 Core and Aave V4 Core on Ethereum. The proposal says cirBTC is an ERC-20 token backed 1:1 by Bitcoin custodied at a regulated Circle entity. The move is still at the ARFC stage, meaning it needs community feedback, a Snapshot vote […]
Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million
TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. The proposal says USDC reserves stand at 4.13 billion, up 108% since the last recalibration in October 2024. The change would raise daily refresh capacity to 1.6 billion and total serving capacity to 2.4 billion, […]
Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
The cryptocurrency market reached its definitive bottom for the currency cycle, Standard Chartered Analyst Geoffrey Kendrick said in a note on Friday. The cycle low is now locked in at $59,000 for bitcoin, a 53% drop from its Oct. 6 all-time high of $126,000, according to Kendrick. “Winter is over. Welcome back to crypto Spring, […]
Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stablecoin backed 1:1 by USDC locked in Circle’s xReserve on Ethereum. Canton is a permissioned, privacy-enabled Layer-1 network built for regulated financial institutions and tokenized real-world assets. The move adds another exchange connection to institutional […]
VanEck bets BNB’s real-world usage can stand out in a crowded crypto ETF market
Latest developments: VanEck recently launched the first U.S. spot BNB ETF, trading under the ticker VBNB on Nasdaq. The fund gives investors exposure to BNB through traditional brokerage accounts. VanEck Director of Digital Assets Product Kyle DaCruz said the firm focuses on blockchains with measurable adoption rather than purely technical promises. The ETF has attracted […]
Elon Musk’s SpaceX soars 20% in blockbuster Nasdaq debut
SpaceX shares opened at $150 on Friday before rising to $162, marking a strong start to one of the most closely watched stock market debuts in recent years. The aerospace and satellite internet company priced its initial public offering at $135 per share on Thursday. SpaceX sold 555.6 million shares, raising $75 billion in what […]
Bloomberg Analyst: Most Bitcoin ETF Investors Have Stayed Put Despite Outflows
Latest developments: Crypto markets are under pressure as Bitcoin sits around $60,000 and ETF outflows continue. Bitcoin ETFs have recorded four consecutive weeks with more than $1 billion in net outflows. James Seyffart of Bloomberg Intelligence joined Public Keys and said roughly $9 billion has exited Bitcoin ETFs since their recent peak. Despite the pullback, […]
