News
US Treasury Market Signals Fed May Need to Keep Rates Higher
55+ min ago (181+ words) Expectations for Federal Reserve interest-rate cuts are receding in the US Treasury market, with investors increasingly betting that the benchmark rate could stay elevated longer than previously expected as economic data remain firm and inflation risks persist. Walter Bloomberg reported…...
Starknet Unveils STRK20 Privacy Framework for Private ERC20 Transfers
1+ hour, 35+ min ago (151+ words) Starknet, an Ethereum layer-2 network, has unveiled a privacy framework that enables private transfers for all ERC20 tokens. The launch is drawing attention as privacy features gain importance in decentralized finance and on-chain payments. The Block reported on June 9 that Starknet…...
Trump Has Made at Least $2. 3 Billion From Crypto Ventures Since Re-Election, Reuters Reports
1+ hour, 57+ min ago (139+ words) Reuters reported on June 9 that Trump is estimated to have made at least $2. 3 billion from crypto projects launched after his re-election. As of late April, more than 1 million investors had posted a combined net loss of $2. 3 billion, according to the…...
Sahara AI Denies Team, Investor Token Sales, Says Transfers Were for Bridge Liquidity
6+ hour, 59+ min ago (210+ words) Sahara AI denied allegations that its team or investors sold tokens amid recent volatility in the price of SAHARA, saying the large transfers were pre-scheduled moves to provide liquidity for a cross-chain bridge. On June 9, Sahara AI wrote on X…...
FDIC Says Stablecoin Holders Aren't Covered by Deposit Insurance
6+ hour, 9+ min ago (421+ words) The Federal Deposit Insurance Corp. said stablecoin holders are not protected by deposit insurance, underscoring a push to draw a clear distinction between stablecoins and bank deposits ahead of rules to implement the GENIUS Act. PYMNTS reported on June 9 that…...
Bitcoin Demand Sinks to Lowest Since 2019, Raising Risk of Final Capitulation
4+ hour, 43+ min ago (206+ words) Bitcoin market demand has contracted to its weakest level since 2019, according to a new analysis, raising the possibility that investors are entering a capitulation phase. On-chain analyst Moreno DV wrote on June 9 that a 30-day composite demand indicator for Bitcoin…...
Crypto Firms Urge Congress to Add Developer Protections to CLARITY Act
4+ hour, 29+ min ago (169+ words) Major cryptocurrency companies are urging the U. S. Congress to include developer protections in the CLARITY Act, as legal liability for De Fi and open-source developers emerges as a key issue. Crypto-focused media outlet Watcher. Guru reported on June 9 that a group…...
Coinbase, Cardless Launch Credit Card Secured by Stablecoin Collateral
5+ hour, 46+ min ago (294+ words) Coinbase is launching a credit card with Cardless that allows users to pledge stablecoins as collateral. The product is designed for consumers who may have difficulty qualifying for an unsecured credit card based solely on traditional credit assessments. Cardless said…...
Agentic AI Goes Mainstream, Fueling Growth in the Token Economy
6+ hour, 51+ min ago (436+ words) bloomingbit Agentic AI Goes Mainstream, Fueling Growth in the Token Economy Forecast Trend Report by Period AI is no longer limited to conversation. It has started doing the work. For years, artificial intelligence was essentially a tool that produced polished…...
Spot Ether ETFs Draw $68. 2 Million in Net Inflows
10+ hour, 56+ min ago (122+ words) bloomingbit Spot Ether ETFs Draw $68. 2 Million in Net Inflows - Spot Ether exchange-traded funds (ETFs) posted net inflows. - On June 8, spot Ether ETFs recorded total net inflows of $68. 2 million. - Fidelity FETH, Black Rock ETHB, Grayscale ETH, and Black Rock ETHA were…...