News linked to both this project and an event.
: Music streaming platform Spotify has deleted over 500,000 fake streams for the song "Earrings" by musician Malcolm Todd. The song had been pushed to the top of the charts. Spotify's investigation found that the stream manipulation was linked to prediction market betting activities, where traders on the Kalshi platform placed bets on which song would become the most-streamed track on Spotify in the US in June. The market had a trading volume of $3 million. Before Spotify completed its investigation, Kalshi declared Todd the winner and settled the market based on the manipulated data. After discovering the issue, Spotify requested that Kalshi and Polymarket remove their branding and clarify that there is no partnership between them. Kalshi stated it is cooperating with the investigation, while Polymarket has not responded.
Odaily Planet Daily reported that Galaxy stated on X platform that many Registered Investment Advisors (RIAs) face difficulties in responding to client demands for allocating funds to DeFi while meeting compliance requirements under the U.S. SEC's Custody Rule. The current rule requires client assets to be held with a Qualified Custodian (QC), effectively excluding the self-custody path and making it difficult for traditional financial accounts to directly participate in DeFi strategies.In practice, however, the technical compatibility and compliance integration costs between custodians and new public chains, tokens, and DeFi protocols are high. Most custodians also lack the capability to support DeFi interactions, resulting in a persistent "compliance infrastructure gap." Meanwhile, fiduciary duties require RIAs to not simply exclude client demand for DeFi exposure, placing institutions in a structural conflict between compliance and investment intent.Galaxy believes that a potential future solution lies in establishing a principles-based regulatory framework, including MPC key management, governance controls, third-party audits, on-chain transparency, and rigorous protocol due diligence mechanisms. This approach would aim to unlock on-chain asset allocation capabilities without weakening regulatory objectives.
U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig posted on X platform, stating that Illinois' legislation imposing a so-called "sin tax" on blockchain technology could jeopardize Chicago's future status as a financial market center. The bill even taxes the transfer of crypto assets that have not generated any economic gains. Mike Selig described it as "slow-down legislation" and said the bill would turn residents' property rights from "inherent rights" into "permission-based privileges."Mike Selig added that, against the backdrop of blockchain technology continuously reshaping financial markets, choosing to tax crypto wallets over policy options that drive economic growth may historically be seen as a turning point for Chicago's financial development, or even a sign of decline.
Yooldo posted on X platform, issuing an official statement regarding the significant price drop of the ESPORTS token on May 25th. The incident was not initiated, led, or intentionally caused by the ESPORTS team, which remains committed to building a healthy ecosystem and creating long-term value for the community.The key findings of the investigation are as follows: The ESPORTS team had previously onboarded external OTC and market-making partners to support liquidity and ecosystem development; the investigation found that one of these partners engaged in activities inconsistent with the team's agreed terms; based on available information, the team believes a large portion of the sell-off activity originated from tokens previously provided to this partner. However, due to the flow of transactions through multiple wallets, counterparties, and exchanges, tracing the complete fund flow is difficult; the ESPORTS team did not execute, coordinate, or instruct any market sell-offs intended to cause the price decline. Upon discovering the issue, the team cooperated with exchanges and relevant parties to investigate the incident and limit further damage; the team has begun implementing recovery measures, including liquidity support and onboarding new long-term partners, but still faces challenges from ongoing selling pressure by the market maker and related market activities.Yooldo also stated that new game updates and an additional buyback plan will be announced soon, and advised all project founders to only work with reputable and trustworthy market makers.
Odaily, Cardano wallet service provider SecondFi has launched an asset recovery wallet check tool, allowing users to preliminarily check whether their relevant wallets have been affected by the previous security incident.SecondFi stated that the addresses currently displayed in the tool are based on the team's preliminary review data of the security incident and are not final. The list may not be complete and does not represent the final scope of recovery.
According to CoinDesk, Wall Street bank Cantor Fitzgerald issued a research report indicating that the crypto market is entering the final phase of the current bear cycle. As of June 10, Bitcoin has declined approximately 51% from its 2025 peak, with 252 days having passed since the peak. Synthesizing the past three market cycles, BTC bottoms on average 384 days after the peak; based on this, the low point of this cycle is projected to appear around the end of October. Analysts also noted that the model is not a precise timing tool, and macro, regulatory, and geopolitical risks remain. Regarding network value assessment, Cantor believes Hyperliquid is the prime example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum serves as the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.
Robinhood has announced the official launch of the public mainnet for its proprietary Layer 2 network, Robinhood Chain. Built on the Arbitrum technology stack, the chain is positioned as an institution-grade, permissionless, AI-native network specifically designed for Real World Assets (RWA).Robinhood Chain's launch partners include Uniswap, Pleiades, Alchemy, BitGo, and Chainlink. Among them, Uniswap will deploy a dedicated AMM on the chain as the primary public liquidity protocol, while Pleiades will deploy its own AMM as the primary proprietary trading venue. The chain will also offer basic DeFi functionalities such as lending.Eligible users can trade tokenized stocks 24/7 on Robinhood Chain. Simultaneously, Robinhood Earn will introduce USDG-based decentralized lending products within the main app. In certain jurisdictions, the new version of Robinhood Wallet will also support access to Lighter's perpetual contract trading.Robinhood also announced the expansion of its European perpetual contract product range, its official entry into the Canadian market, and the acquisition of a Singapore Capital Markets Services license. Furthermore, Agentic Accounts for crypto trading are planned to begin rolling out in the US soon, allowing AI agents to participate in trading and fund management.Robinhood stated that this update represents its most ambitious global expansion and product vision to date, with the goal of establishing a more direct connection between traditional finance and DeFi, integrating stocks, crypto, RWA, perpetual contracts, and AI trading into a unified financial experience. (The Block)
the Spanish National Securities Market Commission has authorized the cryptocurrency platform Venga to operate under the EU's Markets in Crypto-Assets Regulation, making it one of the few entities in Spain to have obtained MiCA approval. The MiCA transition deadline came into effect on July 1. Digital asset companies previously operating under national rules must now obtain formal approval under the new framework, or cease providing regulated services within the EU. This authorization allows Venga to offer services across the 27-member EU market based on a single regulatory framework. Michael Stroev, co-founder and CEO of Venga, stated that the MiCA review covered ownership structure, corporate governance, management suitability, risk frameworks, and product infrastructure. The EU previously had over 3,000 crypto companies registered as local virtual asset service providers. However, approximately 240 companies have now received full MiCA authorization, with fewer than 15 approved companies in Spain.
the U.S. SEC stated on Tuesday that it is publicly seeking comments on the regulatory approach for "novel ETFs," evaluating whether existing fund registration and listing processes need adjustments. This review comes amid the rapid expansion of crypto ETFs and an increase in applications for prediction market-related ETFs.SEC Chairman Paul Atkins said the regulator wants to hear market opinions to ensure that the U.S. ETF market can effectively serve investors while continuing to grow and innovate. Since Atkins took over as SEC Chairman in April 2025, the SEC has approved multiple crypto ETFs beyond Bitcoin and Ethereum, including products tracking assets like SOL and DOGE.Currently, market attention is shifting towards prediction market ETFs linked to political and economic outcomes. The SEC has not yet approved such funds for listing and trading and has delayed several related applications. Atkins previously stated that the SEC will evaluate these products in a "transparent and prudent" manner.In this request for comment, the SEC is asking whether a standardized listing framework should be established for ETFs meeting specific criteria and whether certain novel ETFs need to register as investment companies. TD Cowen analysts believe that this request for comment could potentially lead to rule changes as early as 2027, allowing the SEC to permit a wider range of ETF types, including products based on event contracts, crypto assets, and single-stock strategies. (The Block)
the U.S. Securities and Exchange Commission (SEC) is seeking public comments on "novel ETFs" to evaluate its regulatory framework and market rule design. In the document, the SEC noted its ongoing attention to market interest in a variety of innovative products, including funds related to crypto assets, investment opportunities based on blockchain technology, and novel financial derivatives such as "event contracts."This request for comments is seen as a further proactive exploration by the SEC regarding the boundaries of ETF regulation. Particularly against the backdrop of sustained growth in demand for crypto ETFs, on-chain asset exposure products, and structured derivatives, regulators are attempting to find a new balance between innovation and risk control. (The Block)
According to an official announcement, based on the latest review, the following tokens no longer meet the Binance Alpha standards and will be removed from the recommended list on June 30, 2026, at 10:30 (UTC): TTD (TradeTide), OIK (SpaceNation), LUNAI (LunabyVirtuals), TOWN (Alt.town), VINU (VitaInu), PUP (PUP), CYPR (Cypher), DGRAM (DatagramNetwork). After removal, users can still withdraw or sell these tokens on Binance Alpha.
that, according to the latest social media news from CoinGecko, Gate, along with platforms such as Coinbase and OKX, is competing for new users in the EU. Gate continues to advance its European compliance process. Its Malta-based entity, Gate Europe, has obtained the European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), strengthening its global compliance framework.Furthermore, leveraging its rich trading products, robust platform services, and global operational capabilities, Gate is actively addressing the growing demand for digital asset trading in the European market. This strategic deployment not only enhances Gate's localized service capabilities in Europe but also provides solid support for the platform in terms of user trust, fund security, compliant operations, and long-term market expansion, underscoring its competitive compliance advantage among global crypto trading platforms.
CoinUp stated that CPX will continue to advance based on real-world application scenarios and ecosystem implementation, and the platform will continue to build around product optimization, ecosystem expansion, and global compliance layout.
Bankless founder David Hoffman posted on X, expressing regret for not buying more Lighter (LIT).Hoffman explained that the logic behind investing in Lighter is simple:1. Exchanges have always been the best business model in the crypto industry;2. Perpetual contracts are still a brand-new track, far from reaching maturity;3. Building an exchange based on zkL2 is currently the structurally optimal solution, offering high security, low operating costs, and high profit margins;4. The product itself is also the strongest on the market, with the lowest latency, the lowest execution costs, and full transparency;5. The engineering team is highly capable, having solved all the technical challenges;6. The company is headquartered in the United States, operates in compliance, and this market remains a largely untapped blue ocean;7. It also serves as an option betting on the "Tokenization of compliant assets";8. Founder Vlad is in the right circles, knows the right people, and has the ambition to do great things.
According to a notice on the SEC’s official website, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued a request for public comment on June 26 seeking input on further harmonizing the portfolio margining regulatory framework for securities, security-based swaps, futures, swaps, and related positions. The two agencies stated that this initiative aims to assess whether greater coordination could enhance risk management efficiency, reduce market fragmentation, and strengthen customer protection. The scope of the request for comment covers multiple topics, including existing margin methodologies, cross-product offsetting, capital and collateral treatment, clearinghouse considerations, and technical implementation. SEC Chair Paul S. Atkins stated that further harmonization of the framework could prevent jurisdictional overlap from impeding innovation and efficiency, and cross-margining mechanisms could unlock liquidity currently locked in segregated accounts. CFTC Chair Mike Selig also noted that enhanced interagency cooperation would help release underutilized capital and build a more robust risk management system. The public comment period will remain open for 60 days following publication in the <i>Federal Register</i>.
According to Odaily, the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) have jointly released a document seeking public comments on further harmonizing the regulatory framework for portfolio margin and cross-margining of securities, security-based swaps, futures, swaps, and related positions. Key areas of focus include existing portfolio margin models and practices, customer protection, cross-margining and cross-product offsets, capital and margin and collateral treatment, clearing agency and clearing organization arrangements, and technical and operational implementation. The comment period is 60 days from the date the document is published in the Federal Register.
Odaily Seer Prophet Channel monitoring shows that Polymarket has launched a prediction event for the “Number of Fed Rate Hikes in 2026.”From the perspective of the interest rate path, the market is currently pricing in two distinctly different macro narratives. One view holds that the U.S. economy will enter a growth slowdown cycle in 2026, with the Fed maintaining a wait-and-see stance or even resuming rate cuts. The other view argues that if inflation reemerges or long-term inflation expectations become unanchored, the Fed could be forced to restart its rate hiking cycle. Therefore, the high probability attached to “3 to 4 rate hikes” essentially reflects the market’s reassessment of inflation stickiness and economic resilience over the next year, rather than a consensus on a single path.Bank of America has already shifted to a more hawkish interest rate path forecast. BofA Global Research now expects the Fed to raise rates by 25 basis points in September, October, and December of 2026, totaling 75 basis points for the year, pushing the federal funds rate target range to 4.25%–4.50%. This represents a significant upward revision from its previous outlook of “rates unchanged for the year,” primarily based on the still-resilient U.S. labor market, the bumpy progress of disinflation, and the possibility that the Fed’s policy reaction function under new Chair Kevin Warsh could be more hawkish. In comparison, Deutsche Bank also expects the Fed to start hiking in September, but with a cumulative annual increase of 50 basis points, indicating that major Wall Street institutions are reassessing the upside risks to U.S. interest rates in 2026.Odaily Seer Prophet Channel continues to monitor the prediction market, seeing changes before they are priced in.
five Democratic senators urged a Republican committee chairman on Tuesday to immediately hold hearings to investigate a report that the UAE invested $500 million in the Trump family's crypto venture, World Liberty Financial.According to reports, an aide to the Abu Dhabi royal family signed an agreement four days before Trump's inauguration last year to purchase a 49% stake in World Liberty Financial for $500 million. An advance payment of $218 million has been made to entities linked to Trump and his Middle East diplomat, Steve Witkoff, and their families. The senators confirmed that the backer is UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan.Since Trump took office in January 2025, his administration has approved several deals favorable to the UAE, including a $1.4 billion weapons sale in May 2025 and authorization in November to sell 35,000 advanced AI chips worth over $1 billion to UAE-based G42. (financefeeds)
Odaily, June 24 - According to official sources, SBI Group and Startale Group jointly launched Japan's first yen stablecoin, JPYSC, on June 24, 2026, which is based on a trust structure. Issued by SBI Shinsei Trust Bank, the stablecoin manages its reserve assets through a trust bank, featuring lower transfer costs and support for large-value transactions.As Japan's first stablecoin classified as a Type III electronic payment instrument, JPYSC's core advantage lies in combining the regulatory transparency of the Japanese financial system with the programmability of blockchain technology. It aims to build a yen settlement infrastructure connecting traditional finance with on-chain markets.Initially, the project is limited to use within SBI VC Trade accounts. However, technical preparations for migration to a public blockchain are complete. Once regulatory and tax policies are clarified, external circulation will be opened. JPYSC's application scenarios span six major areas: on-chain foreign exchange markets, institutional lending, RWA settlement, retail payments, cross-border remittances, and over-the-counter (OTC) trading.
Chainlink announced the launch of the Pangea project in collaboration with FairSquareLab, UniKA, and the euro stablecoin alliance Qivalis, aimed at exploring real-time cross-border foreign exchange settlement models based on stablecoins.According to reports, UniKA's steering committee includes Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA, with participation from over a dozen Korean commercial banks; Qivalis is supported by 37 leading European banks. Collectively, these institutions represent over $10 trillion in assets under management.The Pangea project will leverage Chainlink's data, interoperability, and orchestration standards, along with FairSquareLab's on-chain FX settlement technology, to enable direct atomic transactions between compliant fiat-pegged digital assets, including the Euro and Korean Won. It aims to drive the transition of the foreign exchange market from traditional T+2 settlement to a T+0 real-time settlement model.