The Wire

SpaceX's proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows across crypto and technology markets.

The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.

Wyoming Governor Mark Gordon signed an executive order supporting AI data center development as the state seeks to attract advanced computing and technology investment.

A new study finds that leading AI models often encourage emotional attachment, portray themselves as human, and fail to maintain clear boundaries.

Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile.

Reuters reported that Revolut plans to integrate stablecoins into its future US bank as more fintech and crypto companies chase federal banking approvals.

Founder Charles Hoskinson was brutally honest about the troubles the Cardano ecosystem could face as the market continues declining.

Bitcoin is at risk of a drop below $65,000, but buyers are expected to mount a strong defense as the price nears the crucial $60,000 level.

Holders will be able to do more with their gold, instantly spending Tether's tokenized version anywhere Visa is accepted.

Hyperliquid's market capitalization has climbed to over $16 billion, but still well behind Solana's $42 billion.

Researchers found professors preferred AI-generated answers over those written by their peers, raising questions about the role of AI in professional education.

Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows.

Until now, the only way to run Hermes was through a terminal—or one of several unofficial GUIs the community had cobbled together.

Physical Casascius coins were minted 15 years ago in the early days of Bitcoin—and the BTC held within is worth a whole lot more today.

Monthly venture deal count in crypto fell to roughly 50 deals in May, a level not seen since before 2021.

The company's new hybrid inference system routes AI tasks between your device and the cloud automatically. Privacy and cost savings are the pitch—and lower server bills.

Nearly a dozen candidates across three US states won their primaries or will advance to the November election after they were supported by $3.5 million in ads funded by crypto industry-aligned PACs.

The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities.

Bitcoin's recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor's bitcoin sales, according to Charles Schwab's Jim Ferraioli.

ETH just crashed below $2,000 and is now trading near $1,841. Prediction markets place a 71% chance on a drop to $1,500—and the charts aren't pushing back.

Bitcoin fell to a more than two-month low alongside U.S. stocks after Middle East skirmishes pushed bond yields and oil prices higher.

Law enforcement agencies are warning soccer fans of fake ticket sites and crypto payment schemes around the World Cup.

New data suggests AI-driven payment rails are evolving beyond experimentation as users are making more higher-value transfers.

With its new portable memory layer, Walrus Memory lets AI agents carry context across apps, sessions and providers—putting users in control.

Mastercard said it's deepening its commitment to the "always-on" economy, buffing out its stablecoin settlement capabilities.

EdgeX says that 174 addresses flooded a PancakeSwap pool with EDGE token sell orders during a period of low liquidity.

Despite the bullish sentiment on HIP-3, Hyperliquid's pure crypto volumes are down significantly year over year.

Former Stripe engineer Saikat Chakrabarti lost his bid to succeed Nancy Pelosi in California to a candidate backed by Ripple's Chris Larsen.

Treasury Secretary Scott Bessent said the department is moving at a "deliberate speed" to establish a strategic bitcoin reserve.

With STRC trading under $100, experts are at odds over whether the sale has exposed a “structural crack” in Strategy’s Bitcoin flywheel.

In this week's Crypto Long & Short, Alex Tapscott on the stalling of the CLARITY Act and how it's impacting the average American consumer. Then, Aisha Hunt writes that crypto will grow by upgrading Wall Street’s trusted products rather than…

Bitcoin traders warned of a key BTC price support trend line failing as 2022 bear market history continued to repeat.

The ESMA says crypto companies without MiCA authorization must stop serving EU clients from July 1, even if their licence applications remain under review.

The whale is now backing Arthur Hayes’ favored HYPE, ZEC and NEAR plays, signaling a sharp pivot toward momentum-led crypto bets.

Margin Trade enables trading of crypto, commodities, and equities via a single margin account on Solana, tapping the SVM chain Solayer.

Republican Senator Lummis said the JPMorgan CEO "either hasn't read" the Clarity Act "or he wants to mislead people."

Ethereum price slides to a 14-week low as weakening demand and persistent ETF outflows put the key $1,800 support at risk.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Sawyer confirmed that Standard Chartered’s full acquisition of the firm is on track to target a signing at the end of June and complete by the end of August.

A Zcash vulnerability could have allowed double-spending within the network's flagship privacy pool, though no exploitation occurred.

A Binance legal document disclosed a revenue-sharing agreement with Alpaca, which includes sharing 50% of the stock custodian’s order flow revenue with the cryptocurrency exchange.

Revolut U.S. CEO Cetin Duransoy told Reuters the company plans to offer access to stablecoins in the United States.

Binance exchange said it will move NFT support from its exchange to its non-custodial wallet and offered users 30 days to migrate their NFTs.

Kraken and xStocks Alliance will let eligible users seek allocations in US IPOs at the offering price through tokenized shares in coming weeks.

A new cryptocurrency-focused PAC has emerged, this time with an exclusive focus on software developers as midterm elections quickly approach.

Zcash Open Development Lab said the network briefly became unstable as miners upgraded, while the Zcash Foundation said there was no evidence of an exploit.

The S1-COIN-25 physical bitcoin, part of Mike Caldwell's 2011-2013 mint, had its tamper-evident hologram peeled and the 25 BTC swept on-chain on Wednesday.

The card will operate on the Visa network, enabling users to spend fiat at merchant stores worldwide where Visa cards are accepted.

Trezor and Tropic Square disclosed a TROPIC01 chip vulnerability found during a Ledger Donjon audit, saying the Safe 7 wallet and user funds remain secure.

The announcement comes days after IREN secured $3.65 billion in financing to support its Microsoft AI contract.

Russian ruble-backed stablecoin A7A5 processed over $110 billion in transactions despite Western sanctions, according to CertiK.

Variant founder Jesse Walden said the firm is targeting firms that expand autonomy, including in permissionless and agentic finance sectors.

Strategy's bitcoin sale may have rattled markets, but the bigger issue is missing demand from new buyers, Citi said.

The figure is from a theoretical model proposed by Greg Foss in 2021 that treats bitcoin as a credit default swap on G20 sovereign bonds.

The FCA has urged clubs to rethink deals with unauthorized crypto and trading sponsors, warning that fans risk losing all their money and teams face legal and reputational fallout.

Binance Coin (BNB), down 3.4% from Tuesday, was also an underperformer.

Payward aims to give retail investors access to IPO shares at the offering price through tokenized equities.

MoonPay's new desktop app connects AI assistants to crypto wallets and blockchain services through a graphical interface.

The AI infrastructure firm secured a grid connection for a planned South Australian campus, with energization targeted for 2028.

The dwindling congressional calendar may spur a legislative competition for the crypto market structure bill to win Senate floor time against other priorities.

The fallout from Saylor’s first Bitcoin sale in years keeps spreading, while Bernie Sanders and Elizabeth Warren want crypto out of your 401(k).

A UK House of Lords committee warned that Britain lags the U.S. and the EU on stablecoins, calling on the BoE and FCA to revise rules.

The vulnerability in Trezor's TROPIC01 Secure Element chip was uncovered by an audit carried out by the Ledger Donjon team.

Expected in the coming weeks, customers of Kraken and select xStocks partners can register interest in U.S.-listed IPOs before going public.

One novel theory floating around social media says it's Iranian sanctions, not Strategy sales, that's behind this week's price crash.

Ledger's Donjon team found a laser-based hardware flaw in the TROPIC01 chip used in the Trezor Safe 7, but Trezor says no funds are at risk.

The power law model shows BTC trading at one of its deepest discounts relative to trend, a level previously seen during the March 2020 crash and FTX collapse.

The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise.

Grayscale entered the ring with its own Hyperliquid linked ETF, setting a new low for fees as competition intensifies among firms.

The pardoned ex-congressman allegedly bet against his own State of the Union appearance while publicly hyping it.

The payments giant said USDC, PYUSD, RLUSD and other stablecoins will support new settlement options across multiple blockchains.

U.S. crypto exchange Coinbase is also said to be looking into the possibility of participating in the new stablecoin platform.

Winners included Democrats Zoe Lofgren, Ted Lieu, Dave Min and Rob Menendez, as well as Republican Sen. Mike Rounds, with Democrats accounting for 10 of the 11 victories.

Your day-ahead look for June 3, 2026

The FCA has warned Premier League clubs that partnerships with unlicensed crypto firms could expose fans to unregulated trading platforms.

DOJ and CFTC are investigating George Santos after Kalshi flagged trades where he allegedly bet against his own State of the Union attendance.

Binance is closing its centralized NFT service on July 3, 2026, requiring users to withdraw transferable NFTs or lose access.

Bitcoin's drop to $65,000 triggered over $1.8 billion in crypto liquidations as traders brace for a test of $60,000 as support.

The recovery does little to mask a 9.5% weekly decline as U.S. stocks hit records highs, AI tokens rally and Coinbase's Ethena deal steals the spotlight.

One expert said the issue was mainly with block explorers tracking the onchain activity.

The FCA said unauthorized firms could be breaching rules on financial promotions through high-profile sponsorships deals.

Bitcoin sparked two-month lows in the Crypto Fear & Greed Index while analysis predicted a "catch-up" with record highs in stocks.

The flaw affects only one of the wallet's multiple security layers and would require physical access, specialized equipment and advanced expertise to exploit.

The FCA instructed clubs to ensure they understand the source of sponsorship funds and assess financial crime and reputational risks.

Lenders are particularly interested in blockchain's back-office applications, but security failures are blocking wider adoption.

Some of the information that New York and the European Union’s watchdogs will share includes the issued stablecoins, total volume in circulation and the number of holders.

Bitcoin saw its largest daily drop since early February on Tuesday as the cryptocurrency shed more than $4,500 in a single day.

The sanctions come four days after Treasury Secretary Scott Bessent said the US had seized nearly $1 billion in crypto from Iranian crypto exchanges and wallets since late February.

AI robotics company Figure posted several videos on X throughout May showcasing its robots performing basic tasks, including cleaning a room and sorting packages.

“Investors still believe in crypto, but now that it’s a contrarian bet, they favor fundamentals over vibes,” says Bitwise investment chief Matt Hougan.

Microsoft said AI helped speed Majorana 2 development, adding to growing concerns about when quantum computers could threaten Bitcoin's cryptography.

Despite the planned wind-down, TapTools says it is open to being acquired or taking on external resources to continue maintaining the platform.

Cardsmiths’ latest Currency trading card series tackles American history—and some packs include codes for real Bitcoin, Ethereum, and more.

A UK House of Lords committee warned that strict stablecoin rules could make pound sterling tokens commercially unworkable despite supporting regulation.

The three members of Congress said the volatility of digital assets and “lack of regulation and safeguards” could put Americans’ retirement savings at risk.

The Treasury's Office of Foreign Assets Control accused the platforms of enabling illicit finance activities across Iran's crypto ecosystem.

Bitcoin is falling following Strategy's first BTC sale since 2022—and one analyst sees that as a good thing for Ethereum.

The regulator’s five-year roadmap calls for clearer crypto rules, support for tokenization and a framework for staking and onchain markets.

Microsoft unveiled seven in-house AI models and claimed its flagship reasoning and image systems outperform rivals from Anthropic, OpenAI, and Google.

Shares in the leading Bitcoin treasury firm Strategy (MSTR) are now more than 70% off their 52-week high after the company sold BTC.

Tech people will say everyone's already using OpenClaw. They're right. But Microsoft is the one with 1.4 billion Windows users ready to adopt it.

The senators said a plan allowing fiduciaries to offer exposure to riskier assets like crypto and private equity would hurt retirees and personally benefit President Trump.

Bitcoin just had its worst day since April. The death cross is in effect, and prediction markets are bearish.

The New York Department of Financial Services and European Banking Authority said they'll work together to oversee stablecoins.

Benchmark-StoneX analysts grew bullish towards Strive after the Bitcoin-buying asset manager padded cash reserves while growing its stockpile.

Trump's executive order creates a voluntary framework for reviewing advanced AI models, expands AI-powered cybersecurity efforts, and more.

Hive mined nearly 2,900 Bitcoin last year and is now racing to build what it calls Canada's largest private AI data center.

Crypto analysts say investors should look closely at each company's financial situation rather than expecting a cascade of incoming sales.

Myriad predictors think it's increasingly likely that Bitcoin's next stop is $55,000 rather than $84,000 as BTC continues its slide.