Headlines from trusted sources around the world. Read, summarised and impact-rated by our AI editor twice a day. Green is good for crypto, red is bad, grey is neutral.
Binance, Bybit, Bitget Wallet and MEXC canceled tokenized SpaceX IPO campaigns after Kraken-owned xStocks failed to deliver the underlying assets, forcing refunds to users.
Bybit refunded all SpaceX IPO subscription funds after xStocks failed to deliver the underlying assets. Binance also canceled its IPO campaign, distributing $1 million in bStocks tokens to affected users.
Avalanche Treasury Company (AVAT) debuted on Nasdaq via a $675M SPAC merger but shares dropped 16% on day one. The company aims to give institutional investors exposure to the Avalanche ecosystem without holding crypto directly.
The Nasdaq 100 dropped 7.5% in a week, wiping out $2.7 trillion, as oil above $90 and surging PPI inflation push traders to price in Fed rate hikes. Bitcoin spot ETFs saw $1.9B in June outflows, testing BTC's $60K support.
U.S. spot Bitcoin ETFs have shed $2.1 billion in June so far, pacing May's $2.4B outflows. Total net assets dropped $33B from $109B to $77B as Bitcoin fell 27% from its May peak.