Author: John Smith

Crypto-backed political groups have expanded their election spending as several US primaries test the industry’s influence in Congress. Summary Crypto-backed PACs have increased spending in US congressional primaries as digital asset policy becomes a key election issue. FEC filings show Protect Progress spent millions supporting Democratic candidates in California, New Jersey, Maryland, and New York. Fairshake-linked groups are targeting lawmakers based on their crypto policy positions as Congress reviews major digital asset bills. According to filings with the US Federal Election Commission, Fairshake-linked groups backed by Coinbase, Ripple, and other crypto supporters have directed millions of dollars into House and…

New York’s financial regulator has formed a stablecoin supervision agreement with the European Banking Authority as regulators on both sides of the Atlantic tighten cooperation over digital assets. Summary NYDFS and the European Banking Authority signed an agreement to share information on stablecoin supervision. The agreement covers market risks, consumer protection, and oversight of firms involved in stablecoin activity. DFS said its stablecoin framework includes reserve rules, redemption standards, transparency, and limits on rehypothecation. The New York State Department of Financial Services said Tuesday that it signed a memorandum of understanding with the EBA to support the exchange of supervisory…

Coinbase Ventures has purchased ENA tokens on the open market as Coinbase and Ethena prepare a new partnership focused on on-chain finance and savings products. Summary Coinbase Ventures bought ENA tokens on the open market rather than participating in a discounted private round. Ethena said the purchase came alongside a new partnership with Coinbase focused on on-chain finance and savings products. Coinbase Ventures confirmed the ENA purchase and said Ethena plays a key role in on-chain finance. Ethena said in an official X post on Tuesday that Coinbase Ventures made its first disclosed open-market investment in the protocol’s ENA token,…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Market volatility boosts interest in simplified AI compute platforms like SHRMiner as traders seek alternative exposure. Summary Bitcoin volatility is pushing some investors toward automated platforms that offer alternatives to active trading. SHRMiner aims to simplify access to AI-powered compute participation without hardware or technical expertise. As crypto matures, demand for automation and hands-off digital asset exposure continues to grow. Bitcoin’s recent pullback has reminded investors of a familiar reality: even in a long-term bullish environment, crypto markets rarely…

US spot Bitcoin ETFs just posted the longest withdrawal streak in their history. Across nine consecutive trading sessions in late May 2026, extending toward a tenth, investors pulled roughly $2.8 billion out of the funds, with the total nearing $2.97 billion at its peak.  Summary U.S. spot Bitcoin ETFs posted a record nine-day outflow streak in late May 2026. Roughly $2.8B left the funds, while BlackRock’s IBIT lost about $2.04B across the streak. A $1.29B IBIT dark-pool block pointed to institutional reallocation, not broad retail panic. Macro pressure, AI stock rotation, and Strategy’s Bitcoin sale all converged during the outflow…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors with $500 are exploring diversified crypto portfolios that combine established assets with higher-risk growth opportunities. Summary A $500 crypto portfolio strategy focuses on balancing high-risk presales, AI-driven tokens, and established infrastructure for growth potential in 2026. Little Pepe leads speculative meme exposure with strong presale momentum, while Lab and Allora target trading infrastructure and AI blockchain convergence. NEAR and Stellar provide stability through scalable Layer-1 infrastructure and real-world payment rails, balancing downside risk in volatile markets. A low-budget…

Bitcoin price has fallen below $70,000 after deepening ETF outflows, Mt. Gox-linked wallet movements and renewed geopolitical stress pushed traders into a risk-off stance. Summary Bitcoin price fell below $70,000 as ETF outflows topped $3.4 billion and Mt. Gox moved $739 million worth of BTC. Over $744 million in liquidations hit the market after BTC lost the $72,500–$73,000 support zone. Analysts see $68,700 as the next key support, with $65,000 in focus if selling pressure continues. According to market data, Bitcoin (BTC) price traded near $69,400 on June 2 after falling more than 2.7% over the past 24 hours. The…

Best Buy has begun offering Tangem’s crypto self-custody products through BestBuy.com and more than 200 stores across the United States, giving the hardware wallet maker its largest U.S. retail presence to date. Summary Best Buy has added Tangem’s crypto self-custody products to more than 200 U.S. stores and its online marketplace. Tangem said the rollout is its largest retail expansion in the United States, adding to existing partnerships with Walmart and Amazon. According to a press release shared with crypto.news, the expansion also includes availability through BestBuy.com and builds on existing distribution agreements with retailers such as Walmart, Amazon, and…

Radiant Capital has announced plans to wind down operations after failing to recover from a $50 million exploit that devastated the lending protocol and left it without sufficient funding to continue. Summary Radiant Capital said it will wind down operations after failing to recover from a $50 million exploit and secure new funding. The protocol will remain online in a maintenance state, allowing users to withdraw funds and manage positions while development work ends. Investigations linked the 2024 attack to North Korea-aligned threat actors, while recovery efforts were hindered after portions of the stolen funds moved through Tornado Cash. According…

Grayscale has moved closer to launching its Hyperliquid exchange-traded fund after adding a 0.29% sponsor fee and HYPG ticker to its amended registration filing. Summary Grayscale updated its Hyperliquid ETF filing to include a 0.29% fee and the HYPG ticker. James Seyffart expects Grayscale’s Hyperliquid ETF to launch sometime this week. The fund would compete with Bitwise’s BHYP and 21Shares’ THYP HYPE ETFs. The Securities and Exchange Commission filing submitted Monday shows that Grayscale updated its S-1 registration statement for the Grayscale Hyperliquid Staking ETF. The amendment adds the fund’s fee structure and proposed ticker, bringing the product nearer to…