Author: John Smith

U.S. spot Bitcoin ETFs returned to net outflows on Friday after briefly snapping a record withdrawal streak, with BlackRock’s IBIT leading the declines as Bitcoin fell below the key $60,000 support level and investor sentiment deteriorated. Summary Bitcoin ETFs posted $325.7 million in outflows, led by BlackRock’s IBIT with $213.7 million withdrawn.. Bitcoin price fell below $60,000 to a low near $59,100, while analysts linked continued ETF outflows and a more hawkish Federal Reserve outlook to the market decline. Analysts say $60,000 remains key support, with downside risk toward $55,000. According to data from SoSoValue, the ETFs recorded $325.69 million…

Bitcoin has fallen nearly 25% over the past month, yet Coinbase CEO Brian Armstrong has argued that key parts of the crypto industry continue to grow despite the downturn. Summary Brian Armstrong says Bitcoin’s decline does not reflect the performance of the entire crypto industry. Coinbase CEO points to growth in stablecoins, derivatives, and prediction markets despite the ongoing market downturn. Armstrong argues U.S. crypto policy is tied to economic competition with China and global financial leadership. According to a June 6 X post, Armstrong said many investors continue to treat Bitcoin’s performance as a proxy for the broader crypto…

U.S. spot Bitcoin ETFs have recorded $3.05 million in net inflows on Thursday, ending a record 13-day withdrawal streak that erased more than $4.4 billion from the funds since mid-May. Summary Spot Bitcoin ETFs recorded $3.05 million in inflows, ending a record 13-day outflow streak that drained over $4.4 billion. BlackRock’s IBIT led the turnaround with $47.66 million in inflows, while several rival funds continued to see withdrawals. Spot Ether ETFs also returned to positive flows, while Hyperliquid ETFs extended their uninterrupted inflow streak. According to SoSoValue data, Thursday’s modest inflow brought an end to the longest run of outflows…

Travala has launched an AI-powered hotel booking protocol that gives agents access to more than 2.2 million properties and enables near-instant USDC payments on Base for about $0.01 per booking. Summary Travala launched Travel MCP, allowing AI agents to search, book, and pay for hotel stays using USDC on Base. The protocol supports over 2.2 million hotel listings and uses Coinbase’s x402 infrastructure for gasless payments costing around $0.01. Travala plans to expand the AI booking system to flights after growing its travel network through partnerships with Trivago and Skyscanner. According to reports, Singapore-based crypto travel platform Travala has released…

According to a fiscal year 2027 budget bill passed by the Illinois General Assembly, the state is moving forward with a new tax on cryptocurrency transactions that would apply to digital asset brokers operating in Illinois. Summary Illinois lawmakers approved a budget bill containing a 0.2% tax on crypto transactions and new registration rules for digital asset brokers. Unregistered brokers could face Class 3 felony charges, carrying penalties of up to five years in prison and $25,000 in fines. Industry groups including the Digital Chamber and Illinois Blockchain Association have urged Governor JB Pritzker to reject the measure. Included within…

Kraken has opened access to the upcoming SpaceX IPO through tokenized shares across more than 110 markets, bringing a traditionally exclusive Wall Street process to retail investors. Summary Kraken has launched tokenized access to the upcoming SpaceX IPO through its xStocks platform. Eligible users in more than 110 markets can apply for IPO allocations and receive tokenized shares backed 1:1 by stock. SpaceX is reportedly targeting a $75 billion raise at a valuation of at least $1.8 trillion, which could make it the largest IPO on record. According to an announcement from Kraken, SpaceX will become the first company offered…

Uniswap has recorded its largest daily UNI burn under the UNIfication mechanism as Hayden Adams renewed his bullish view on DeFi and Ethereum. Summary Uniswap recorded a new daily burn high after 134,000 UNI tokens were burned in 24 hours. Hayden Adams said he is “extremely bullish on DeFi and Ethereum” despite weak market sentiment. Uniswap governance expanded fee collection and UNI burns to BNB Chain, Polygon, and Celo through Proposal 96. Hayden Adams, the creator of Uniswap, said on X that he is “extremely bullish on DeFi and Ethereum,” while comparing current market sentiment to the 2018 bear market…

Gold has lost part of its old safe-haven image as its price action now moves closely with risk assets such as Bitcoin and the S&P 500, according to economist Robin Brooks. Summary Robin Brooks said gold has lost part of its safe-haven role as its equity correlation rises. Brooks said gold now trades more like Bitcoin and the S&P 500 during market stress. He linked gold’s changed behavior to retail inflows during the late 2025 debasement trade. Peter Schiff warned Bitcoin could face panic selling if it breaks its latest low. According to Brooks, gold no longer behaves like the…

Securitize has moved closer to entering public markets after securing regulatory clearance for its planned SPAC merger. Summary Securitize has received SEC approval for its SPAC merger filing with Cantor Equity Partners II. The deal now moves to a shareholder vote scheduled for June 29. If approved, Securitize is expected to list on the New York Stock Exchange under ticker SECZ. The company provides tokenization infrastructure and services to over 650 funds globally. Securitize oversees more than $4 billion in tokenized assets across its platform. According to the U.S. Securities and Exchange Commission, the agency has declared effective the S-4…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. MEXC expands beyond futures with RealStocks, offering access to U.S. stocks and ETFs via USDT. Summary MEXC reports growing demand for TradFi-linked products, with INTC futures volume rising 1,684% month-over-month and other equity-linked contracts posting strong growth. The exchange has launched RealStocks, allowing eligible users to access U.S.-listed stocks and ETFs through broker-backed infrastructure using USDT. RealStocks expands MEXC’s multi-asset offering as crypto traders increasingly seek exposure to equities, ETFs, commodities, and broader market themes. Crypto trading is becoming…