Asset manager 21shares sees crypto infrastructure advancing faster than prices, as ETFs, stablecoins and prediction markets mature while several 2026 targets slip.
Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans
Kraken’s new facility with Maple brings a traditional warehouse financing model onchain, allowing the exchange to expand its institutional crypto lending business using blockchain-based structured credit.
South Korean authorities fine Bithumb $136K over sharing user information overseas
The fine comes after an investigation concluded that Bithumb shared information with many overseas exchanges in violation of laws intended to protect user data.
Bitcoin drops to $58K on high US PCE inflation as trader sees ‘manipulation’
Bitcoin fell to 21-month lows as stock market volatility accompanied three-year highs in US PCE inflation, leading to $600 million in hourly crypto liquidations.
Read More at https://cointelegraph.com/markets/bitcoin-drops-to-58-on-pce-highs?utm_source=rss&utm_medium=rss&utm_campaign=rss
Why Wall Street values some crypto firms for AI power, not just crypto
Galaxy Digital’s stock surge points to a new trend: Investors are rewarding some crypto firms for AI infrastructure, not just digital asset exposure.
Story Protocol rebrands to DATA Foundation in AI pivot
Story Protocol is now the DATA Foundation as it aims to provide licensable data to AI firms that have “run out of internet to scrape.”
SBI to acquire Bitbank in $289M deal creating Japan’s biggest crypto exchange
The Japanese financial conglomerate plans to take full control of Bitbank as it expands an ecosystem spanning crypto trading, stablecoins, tokenization and blockchain infrastructure.
Read More at https://cointelegraph.com/news/sbi-acquire-bitbank-289-million-deal?utm_source=rss&utm_medium=rss&utm_campaign=rss
60% of World Cup bettors on Polymarket were first-time crypto users
Polymarket emerged as an onboarding layer for about 60% of World Cup bettors, who interacted with the blockchain for the first time during their prediction market entry.
Spark migrates $150M in stablecoin to Uniswap to advance shared liquidity
Spark deployed approximately $150 million across two Uniswap v4 pools on Ethereum, while its DualPool hook and Shared Liquidity Layer are planned for later phases.
Binance faces EU service limits next week as MiCA rules take effect
Binance will limit EU onboarding and services from July 1 under MiCA rules after failing to gain authorization from a member state, while withdrawals remain available for users.