Daily digests
Crypto News Digest: June 12, 2026
The stories that moved crypto on June 12, 2026.
40 stories
All crypto news
SEC plan to scrap ‘Rule 611’ positive for tokenized US stocks: Galaxy
The SEC is planning to scrap 'Rule 611', which regulates stock orders and quotes, and Galaxy's Alex Thorn believes this move will be positive for tokenized US stocks, removing a major barrier to trading on decentralized platforms. This change could increase adoption and liquidity for tokenized stocks, benefiting the growing industry of decentralized finance.
Exodus launches tokenized stock marketplace with Ondo, adds 200-plus onchain equities
Exodus launches tokenized stock marketplace with Ondo, adding over 200 onchain equities to its platform. This move comes as tokenized equities surge in popularity, with crypto exchanges and wallets racing to offer onchain access to stocks and pre-IPO companies, further blurring lines between traditional finance and cryptocurrency markets, potentially expanding DeFi's reach and user base.
Blockworks acquires Messari in crypto data consolidation push
Blockworks is acquiring Messari, a prominent crypto data analytics platform, in a move to consolidate the industry's data landscape. This strategic purchase adds to Blockworks' expanding research business, bolstering its market presence. The acquisition is a significant step in Blockworks' push for dominance in the crypto data space, further solidifying its position as a leading player.
SpaceX IPO update: Whale opens $22.3M SPCX long as synthetic price hits 30% premium
A whale investor has opened a $22.3 million long position in SpaceX's IPO, with the synthetic price hitting a 30% premium. This indicates strong market enthusiasm for the debut. However, history shows that richly valued listings often struggle after the initial pop fades, potentially limiting long-term gains for investors in the company's stock.
While bitcoin holds near $63,000, some data points to pain ahead for bulls
Bitcoin holds near $63,000, but onchain data suggests a potential downturn for bulls. The market price barely exceeds the realized price, and demand is waning, particularly from ETFs, which have seen a significant decline in investment. This trend indicates a possible correction, weighing on investor sentiment and potentially impacting the cryptocurrency's price stability.
Bitcoin miner 'capitulation' comes as trader sees later 2026 bear-market bottom
Bitcoin miner capitulation is underway as profit margins plummet below 5%, sparking concerns about a prolonged bear market. The lack of a clear bottom in the Bitcoin price is fueling uncertainty. Market participants are watching for a potential rebound, but for now, the bear market's trajectory remains unclear, with implications for investor sentiment and overall market stability.
Gary Gensler Backs States in Fight Over Prediction Market Regulation
Gary Gensler supports states in their battle over prediction market regulation, stating Congress never intended for sports betting to fall under exclusive federal oversight. He argues that federal law allows states to regulate sports betting, contradicting some interpretations. This stance may influence ongoing debates and potentially limit federal intervention in state-regulated markets.
CFTC sues New Mexico in latest bid to assert authority over sports betting markets
The CFTC is suing New Mexico, the latest state in its bid to assert authority over sports betting markets. The lawsuit targets the state's regulatory framework, which the CFTC claims allows for unregulated betting. This move follows similar actions against other states, underscoring the CFTC's push for clearer jurisdiction. Market implications are still emerging.
Monero price rockets 33% to $438 amid $120 million onchain laundering maze
Monero price rockets 33% to $438 as onchain sleuth ZachXBT uncovers a $120 million laundering maze, tracing funds across exchanges, instant swap services, and other blockchains. Tether has since frozen $72 million in USDT linked to the activity, sparking market concerns about the cryptocurrency's potential for illicit use and its impact on Monero's value and legitimacy.
For crypto, SpaceX's stock market debut could go either way
SpaceX's stock market debut is underway, with shares trading at $350, valuing the company at $600 billion. The listing could have a significant impact on the crypto market, with some analysts predicting a boost in investor appetite for riskier assets, while others warn of increased volatility and potential losses for crypto investors.
SpaceX tokenized IPO campaign draws $557M on Binance ahead of debut
SpaceX's tokenized IPO campaign on Binance draws $557 million in funding ahead of its highly anticipated debut today, marking a significant milestone in the intersection of traditional finance and cryptocurrency markets, as investors increasingly turn to crypto platforms for pre-IPO price discovery, potentially disrupting traditional IPO processes and offering new investment opportunities.
South Korea finance ministry says tokenized stocks are securities, not crypto assets, opening door to taxes: report
South Korea's finance ministry declares tokenized stocks securities, not crypto assets, potentially paving the way for taxation as early as the second half of 2026 if regulators concur. This classification could subject investors to securities taxes and reporting requirements, impacting the country's burgeoning tokenized stock market and its growth prospects in the near term.
Elon Musk's SpaceX soars 20% in blockbuster Nasdaq debut
Elon Musk's SpaceX soars 20% in blockbuster Nasdaq debut, with its stock trading above $160 in volatile action following last night's IPO at $135. The rapid price surge indicates strong investor demand for the space exploration company's shares, underscoring the growing interest in space technology and the potential for future growth in this emerging sector of the market.
VanEck bets BNB’s real-world usage can stand out in a crowded crypto ETF market
VanEck asserts BNB's real-world usage and revenue generation make it a stronger long-term investment case than many blockchain projects still selling a vision. BNB's user activity and substantial revenue streams provide a clear path to growth, setting it apart in a crowded crypto ETF market with over 100 existing funds.
Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
Bitcoin has reportedly hit its bottom at $59,000, marking the end of the crypto winter, according to Standard Chartered analyst Geoffrey Kendrick. He cites the SpaceX IPO and a potential U.S.-Iran peace deal as dual catalysts ending the recent crypto selloff, which could lead to a rebound in the market, potentially boosting investor confidence and driving prices upward.
Moonshot AI's Kimi Work Brings 300 AI Agents to Your Desktop
Moonshot AI's Kimi Work is revolutionizing AI deployment by bringing 300 AI agents directly to users' desktops, eliminating the need for cloud routing. This innovative approach enables seamless integration with local files, browsers, and schedules. The impact on AI adoption and efficiency is significant, as users can now harness AI power without relying on cloud infrastructure.
AI Agents Still Can't Stop Prompt Injection Attacks, Researchers Warn
Researchers warn that AI agents are still susceptible to prompt injection attacks, a major security concern as companies deploy the technology widely. A benchmark study reveals the ongoing vulnerability, despite growing adoption.
How Crypto Firms Will Own the Octagon at Trump's White House UFC Event
Crypto firms are seizing an unprecedented opportunity as President Trump's upcoming UFC event at the White House will feature corporate branding from several prominent cryptocurrency companies, including FTX and Crypto.com, with FTX reportedly paying $10 million for the privilege, marking a significant push into mainstream sports marketing and brand visibility.
Crypto Biz: SpaceX fuels tokenization’s next boom
Tokenized Receivables-Backed Assets (RWAs) are surging despite crypto volatility, with some assets increasing by 20% in the past week, driven by institutional demand. Kraken has launched SpaceX IPO xStocks, a new tokenized stock offering, and prediction markets are outpacing onchain gambling in terms of adoption and revenue growth, as Sam Bankman-Fried's FTX explores a potential Trump pardon.
Bitcoin surfs SpaceX IPO at $64K as trader warns key BTC price support may crumble
Bitcoin is currently trading at $64,000, coinciding with SpaceX's record-breaking IPO and growing hopes of a US-Iran peace deal, which has boosted investor sentiment and market confidence. However, a trader warns that key BTC price support may crumble, leaving the cryptocurrency vulnerable to a potential downturn, casting uncertainty over its short-term prospects.
Sam Bankman-Fried loses appeal to overturn 25-year prison sentence
Sam Bankman-Fried loses appeal to overturn 25-year prison sentence, as a federal appeals court upholds his conviction with no changes. His bid for clemency from President Donald Trump faces steep political odds, with Trump's influence waning. The verdict solidifies FTX's reputation as a cautionary tale in the crypto space, reinforcing investor skepticism.
Americans Traded Up to $34 Billion on Offshore Prediction Markets: Study
Americans are trading up to $34 billion on offshore prediction markets, a significant figure that may reach $133 billion annually by 2030 according to a study. This trend indicates a growing appetite for unregulated betting platforms, potentially bypassing traditional sportsbooks and online casinos. The market's growth poses regulatory and tax implications.
Early Airbnb, DoorDash backer Y Combinator says Clarity Act could bring crypto to ‘every’ portfolio company
Y Combinator, a prominent venture capital firm backing companies like Airbnb, DoorDash, Coinbase, OpenAI, Stripe, Reddit, and Kalshi, is advocating for the passage of the CLARITY Act. This legislation aims to provide regulatory clarity for crypto companies, potentially paving the way for widespread adoption across Y Combinator's portfolio, making crypto a staple in every company's investment strategy.
Iran-Linked Group That Hacked Kash Patel's Email Threatens World Cup With Hijacked FBI Drones
The Iran-linked hacking group claims to have accessed footage from FBI-controlled drones and is threatening to target World Cup teams. The group, known for hacking Kash Patel's email, is now warning teams that they could be compromised. This raises concerns about the security of major global events.
Tennessee Man Indicted for Alleged Crypto Ponzi Scheme That Stole Millions From Investors
A Tennessee man has been indicted for allegedly running a crypto Ponzi scheme from 2020 to 2024, stealing millions from investors. The indictment claims he used false promises and manipulated investment returns to deceive victims. His scheme is believed to have targeted multiple investors, causing significant financial losses. The indictment highlights the ongoing threat of crypto scams.
Former SEC Chair Gensler rejects CFTC claim of authority over prediction market sports betting
Gary Gensler, former SEC Chair, vehemently rejects the CFTC's claim of authority over prediction markets, particularly sports betting, labeling it as "malarkey." He argues that the CFTC's jurisdiction is limited to commodities, not securities or sports betting. This stance has sparked a heated debate in the industry, potentially impacting regulatory frameworks and market operations.
Crypto Firms Scrap Tokenized SpaceX Share Offerings as SPCX Surges After IPO
Crypto firms are scrapping their tokenized SpaceX share offerings as SPCX surges after the record-breaking IPO from Elon Musk's rocket company, with participants being refunded and not receiving shares. The decision comes as SPCX's price jumps, potentially leaving investors with significant losses, highlighting the risks of investing in unregulated tokenized offerings in the crypto market.
Americans Fear Job Losses Due to AI But Hope for Cancer, Alzheimer’s Cures: Anthropic Survey
Americans fear job losses due to AI, with 64% worried about automation replacing their jobs, according to an Anthropic survey. However, they remain hopeful for AI-driven health breakthroughs, with 70% believing AI can cure cancer and 66% expecting a cure for Alzheimer's. This dichotomy reflects the public's distrust of AI firms, seeking responsible innovation.
Polish president vetoes crypto bill for third time ahead of MiCA deadline
Polish President Karol Nawrocki vetoes a bill to implement MiCA for the third time, just weeks before the end of the EU crypto framework's transitional period on July 31. This move delays Poland's compliance with the EU's regulatory framework, potentially affecting the country's crypto market and investors. Regulatory uncertainty persists in the EU.
XRP sentiment falls to 8-month low, and that has been a buy signal before
Santiment's weighted sentiment gauge for XRP has fallen to an 8-month low, its weakest reading since October 2025. Historically, XRP's strongest rebounds have started when the crowd was similarly disinterested. This current sentiment shift may signal a potential buying opportunity, as investors often flock to undervalued assets when sentiment is low.
FTX's Sam Bankman-Fried loses appeal of criminal conviction on fraud, conspiracy charges
Sam Bankman-Fried, the onetime FTX CEO, has lost his appeal of a criminal conviction on fraud and conspiracy charges, as a panel of judges ruled against him on Friday. The panel rejected his claims that his trial was unfair, upholding his conviction. This decision solidifies Bankman-Fried's guilty verdict, with potential implications for his sentencing and the broader crypto industry's reputation.
GameStop Renews Bitcoin Deal That Did Little for Its Record Quarter
GameStop renews its Bitcoin deal with Coinbase, tying up nearly all its Bitcoin for upfront cash in late May. This move follows a record quarter for the retailer, where the Bitcoin deal did little to contribute to its financial success. The deal's renewal underscores GameStop's focus on short-term gains, potentially affecting its long-term cryptocurrency strategy and market influence.
Sam Bankman-Fried Loses Appeal as Federal Court Upholds 'Robust' Fraud Conviction
Sam Bankman-Fried's appeal of his 'robust' fraud conviction is rejected by a federal court, marking a significant setback for the disgraced FTX founder. He has now filed a pardon request with President Trump, his last remaining option to avoid prison. The conviction's upholding reinforces investor skepticism, further eroding trust in the crypto industry's integrity and stability.
'Winter Is Over': Standard Chartered Calls Crypto Bottom as Bitcoin Recovers From $60K Fall
Standard Chartered analyst Geoff Kendrick declares the crypto market has reached its bottom as Bitcoin recovers from a $60,000 fall, suggesting a potential turning point in the market. Kendrick's prediction comes as Bitcoin stabilizes, erasing losses and sparking hope among investors. The analyst's call implies a possible rebound for the crypto market, which has been battered by recent volatility.
The U.S. government is betting $2 Billion on quantum computing, and the defense side can't keep up
The U.S. government is investing $2 billion in quantum computing, but the defense sector is struggling to keep pace. Experts warn that a quantum computer capable of cryptographically relevant operations will require post-quantum cryptography and regulatory coordination, which the industry has been delaying for years, leaving the defense vulnerable to potential cyber threats and data breaches.
Kalshi’s crypto perpetuals spark debate over whether they’re futures or swaps
Kalshi's crypto perpetuals are sparking a heated debate among derivatives veterans over whether they constitute futures or swaps, with implications for U.S. regulatory classification. This discussion is centered around the nature of perpetual contracts, with some arguing they're similar to futures and others claiming they're more akin to swaps, raising concerns about regulatory oversight and market integrity is at stake.
Bloomberg Analyst: Most Bitcoin ETF Investors Have Stayed Put Despite Outflows
Investors in Bitcoin ETFs have withdrawn billions this year, with outflows totaling over $1.5 billion in the first quarter, yet the broader crypto ETF market remains surprisingly resilient. Despite these outflows, many investors have stayed put, suggesting a cautious optimism towards the sector. This resilience underscores the growing institutional interest in crypto assets.
Bybit, Binance, Bitget cancel tokenized SpaceX IPO allocations after share shortage
Bybit, Binance, and Bitget are cancelling tokenized SpaceX IPO allocations due to a share shortage. The exchanges are issuing full refunds and additional compensation to affected users. This move affects approximately 1.2 million users who had allocated tokens for the IPO.
Metaplanet to form securities arm through Siiibo acquisition
Metaplanet is acquiring Siiibo Securities and renaming it Metaplanet Securities, a move that bolsters its Project Nova, a Bitcoin-centric finance strategy in Japan. The acquisition will enable Metaplanet to expand its financial services offerings, potentially increasing its appeal to Japanese investors and solidifying its position in the country's growing cryptocurrency market.
Elon Musk's SpaceX IPO: The Bull and Bear Case for Bitcoin
Elon Musk's SpaceX is set to launch a $75 billion IPO, draining crypto liquidity in the process. However, a strong first-day pop could help rotate profits back into cryptocurrencies, analysts argue. This scenario could boost Bitcoin's price, potentially reversing recent losses as investors seek alternative assets, amidst a volatile market landscape.