Blockchain project MemeCore’s M token collapsed about 74% over 24 hours, sliding from a high near $2.92 to as low as $0.51 before steadying around $0.74, with no exploit, hack or announcement to account for the drop. The fall erased close to $3 billion in market value. M’s market capitalization dropped below $1 billion, to […]
Archives for June 24, 2026
Ripple’s RLUSD stablecoin goes live in Japan after regulatory approval
The launch delivers on a memorandum of understanding the two firms signed in August 2025 and builds on a relationship dating to 2016, when Ripple and SBI began working together on cross-border payments and blockchain infrastructure in Asia. RLUSD will “serve as a bridge for payments, tokenization and collateral management,” connecting Japanese businesses to global […]
Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.
The bitcoin BTC$61,692.85 market has found a new support level, and Thursday’s U.S. core PCE release may test its mettle. That level is $59,000, which has emerged as strong support, capping downside moves in recent days. A support level in trading is a specific price point or range where a downtrend tends to pause or […]
XRP slides 2.8% as weak bounce keeps $1 support in focus
XRP lost $1.0850 during Tuesday’s selloff, then failed to win it back. That leaves the token sitting near the lower end of its June range, with buyers still defending the $1.05-$1.07 area but no longer pushing price far enough to change the tape. Every failed bounce makes $1 look a little closer. News Background • […]
Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound
The pressure on crypto has become its own. The break below $60,000 reflects continued outflows from U.S. spot bitcoin ETFs, the Federal Reserve’s hawkish turn and a U.S. dollar that climbed to a seven-month high, said Alex Kuptsikevich, chief market analyst at FxPro, in an email to CoinDesk. A stronger dollar makes dollar-priced assets like […]
SBI And Startale Put Yen Stablecoins Back In The Institutional Spotlight
TL;DR SBI Holdings and Startale Group have introduced JPYSC, a trust bank-backed yen stablecoin project. The structure is designed around Japan’s regulated trust-bank framework, with SBI VC Trade as distribution partner. The story matters because yen stablecoins could give Japanese institutions a clearer route into on-chain settlement. Japan’s Yen Stablecoin Race Gets More Institutional SBI […]
DOJ Seizes Huione Cloud Backbone In Crypto Scam Money-Laundering Crackdown
TL;DR The U.S. Justice Department says it seized backend cloud infrastructure tied to Huione Group money-laundering services. Authorities linked the infrastructure to a broader ecosystem of scam payments, laundering and cybercrime activity. The action is a reminder that crypto enforcement is increasingly targeting infrastructure, not only wallets and exchanges. U.S. Authorities Target The Infrastructure Layer […]
Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
Yakovenko’s comments stood out because they came from one of Ethereum’s most prominent competitors. While debates between Ethereum and Solana supporters have often been contentious, Yakovenko’s reaction reflected a view shared by many currently at the top of the industry: that leaner organizations can sometimes make better decisions than larger, more bureaucratic ones. The emergence […]
Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket
Kalshi is seeking to raise fresh capital at a valuation of about $40 billion, nearly doubling the $22 billion valuation it targeted in its previous funding round, according to a Financial Times report citing people familiar with the matter. The prediction markets platform could close the fundraising as soon as the third quarter of this […]
Standard Chartered Aave Call Puts Institutional DeFi Back On The Table
TL;DR Standard Chartered coverage has reportedly put Aave back in the institutional DeFi conversation. The key theme is whether real-world assets and stablecoin liquidity can drive a new phase of lending protocol growth. The article frames the call cautiously because the full analyst note is not fully public. Aave Gets A TradFi Research Spotlight Aave […]
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