Binance, Bybit, Bitget, and MEXC refunded hundreds of millions in customer funds after their SpaceX tokenized stock campaigns collapsed on IPO day, exposing the limits of blockchain equity access.
Tag: cryptocurrency
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Ethereum surges 10% on June 16 as Iran deal calm and G7 optimism lift crypto
Ethereum jumped 10% to $1,841 on June 16 as Iran deal calm and G7 optimism sparked a broad risk-on session in crypto and equities, with the Nasdaq rising 3%.
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Coinbase lays out the next phase of its Everything Exchange vision
Coinbase detailed plans on June 16 for a unified account spanning crypto, stocks, ETFs, perpetual futures, lending and AI trading agents, as COIN shares gained 2.6%.
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Japan’s lower house cuts crypto gains tax from 55% to a flat 20%
Japan’s National Diet approved legislation on June 11 reclassifying digital assets as financial instruments under the FIEA, slashing the top crypto tax rate from 55% to a flat 20% effective 2028.
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Bitcoin ETFs shed record $2.4 billion in May as geopolitical risk-off bites
BlackRock’s iShares Bitcoin Trust lost $2.04 billion across a nine-day late-May streak as US airstrikes near the Strait of Hormuz and an equity rotation into AI names drained crypto allocations.
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Bitcoin drops below $77,000, triggering $657 million in leveraged liquidations
Bitcoin fell below $77,000 on May 19, forcing $657 million in liquidations as hot inflation data and Iran tensions converged against an overleveraged market.
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Circle posts record Q1 revenue as USDC bet hinges on CLARITY Act
Circle Internet Group reported $694 million in Q1 2026 revenue, up 20% year-on-year, but the stablecoin issuer’s path back to its $300 high depends on U.S. stablecoin legislation clearing Congress.
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Bitcoin ETFs pass $100 billion in assets as BTC breaks $80,000
US spot Bitcoin ETFs have now exceeded $100 billion in total net assets, with BlackRock’s IBIT alone holding roughly 809,000 BTC — about 7 percent of total circulating supply — as four consecutive days of institutional inflows lifted the token above $80,000 in early May.