Daily digests
Crypto News Digest: June 30, 2026
The stories that moved crypto on June 30, 2026.
40 stories
All crypto news
Phantom doubles down on perpetual futures with hire of Hyperliquid market builders
Phantom is doubling down on perpetual futures by hiring the builders behind one of Hyperliquid's highest-profile market experiments, a move that could significantly impact the crypto derivatives market. The new hires will focus on developing and refining Phantom's perpetual futures offerings, potentially increasing user engagement and market liquidity.
Massachusetts AG files amended lawsuit against Kalshi over sports betting after court ruling
Massachusetts AG files an amended lawsuit against Kalshi, alleging the sports betting platform targeted users under 21 through social media and marketing on university campuses. The amended complaint was granted by a judge on Tuesday, adding new claims to the existing lawsuit. This move may impact Kalshi's operations and further scrutiny of its marketing practices.
Bitcoin just $5K away from ‘best investment opportunity’ of bear market
Bitcoin's recent selloff has brought it within 10% of its realized price, a line that historically marks the bottoming zone in previous bear markets, potentially signaling a buying opportunity. If it reaches this level, investors may view it as the best investment opportunity of the bear market, with significant upside potential for Bitcoin's price.
President Trump’s financial disclosures show hundreds of millions in crypto-related income
President Trump's financial disclosures reveal hundreds of millions in crypto-related income, with over $65 million from equity sales and $236 million in World Liberty token proceeds. These figures significantly surpass previous estimates, indicating a substantial involvement in the cryptocurrency market. The exact nature of Trump's crypto investments remains unclear, sparking market speculation and renewed interest in digital assets.
Trump Discloses Over $1.2 Billion in Crypto Earnings, $50M in Bitcoin Holdings
The president's annual financial disclosure report reveals over $1.2 billion in crypto earnings and $50 million in Bitcoin holdings, marking a significant increase in his cryptocurrency assets. This significant disclosure comes as the crypto market continues to navigate regulatory uncertainty and fluctuating prices, with Bitcoin's value impacting the overall market sentiment and investor confidence.
Strategy heads for 11th losing month in 12 as bitcoin weakness continues
Strategy shares are heading for their 11th losing month in 12 as bitcoin weakness continues, with a 41% loss in June so far. The decline is largely driven by the company's exposure to the struggling cryptocurrency market. This slump is a significant blow to investors, underscoring the risks associated with investing in bitcoin-related stocks. Market volatility persists.
Bitcoin nears 2024 lows as options traders pay up for downside protection
Bitcoin and ether are sliding toward key support price levels, with Bitcoin nearing its 2024 lows. DeFi tokens are being hit hardest, while XLM and LIT buck the broader market weakness. Options traders are paying up for downside protection, indicating a growing fear of further price drops, which could lead to a potential market correction in the coming days.
Companies spending the most on AI are growing jobs, Ramp study finds
Companies making the biggest investments in AI are expanding their workforces, with heavy adopters increasing headcount by about 10% and entry-level hiring by 12%, according to a new study from Ramp. This challenges fears of widespread job losses due to generative AI. The trend contradicts concerns that AI adoption would lead to significant job displacement in the industry.
Kalshi Sports Markets Banned in Michigan as Temporary Blackout Takes Effect
A Michigan judge has granted a restraining order, effectively banning Kalshi Sports Markets from offering sports-related wagers for the next 14 days. This temporary blackout aims to address concerns over the market's potential impact on youth sports betting. The decision may set a precedent for similar restrictions nationwide, potentially influencing the broader sports betting industry.
SEC seeks public comment on regulating next generation of ETFs
The SEC is seeking public comment on regulating the next generation of ETFs, focusing on emerging structures and investment strategies as issuers introduce increasingly specialized products. The agency aims to gather feedback on how to effectively oversee these evolving products, with no specific timeline or details on potential regulations. This move aims to ensure investor protection and maintain market integrity.
New York Life Investment Management Debuts First Tokenized Bond Fund
New York Life Investment Management is debuting its first tokenized bond fund, the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, in partnership with Centrifuge. This fund allows investors to gain exposure to high-yield corporate bonds through a blockchain-based token, offering increased liquidity and efficiency in the traditional fixed-income market.
Anthropic's Claude Sonnet 5 Closes In on Opus 4.8 at a Fraction of the Price
Anthropic's Claude Sonnet 5 is closing in on Opus 4.8's performance at a significantly lower price point. This mid-tier model arrives as Fable and Mythos models are temporarily halted due to a U.S. export order. The development indicates Anthropic's focus on accessibility and efficiency, potentially disrupting the market with more affordable large language models.
ENS co-founder Nick Johnson blocks Security Council renewal with 80% of votes
Nick Johnson, co-founder of ENS, blocks the renewal of the Security Council with 80% of votes, exercising his veto power. He cites unaddressed concerns with the current council, instead backing an alternative proposal submitted on Tuesday. This move may impact ENS governance and decision-making processes, potentially leading to changes in the platform's management and direction.
Binance, Changpeng Zhao Sued for $200M by British Investors: Reuters
Binance and its founder, Changpeng Zhao, are being sued for nearly $200 million in a new lawsuit filed in the United Kingdom. The lawsuit alleges unspecified wrongdoing, with the plaintiffs seeking damages. This latest development adds to the growing regulatory scrutiny faced by Binance, a major player in the global cryptocurrency market, potentially impacting investor confidence and market stability.
Bitmine Ether buys eclipsed by $345M ETH ETF $345M outflows: Is sub $1.5K next?
Ethereum's spot ETF outflows exceed $345 million, eclipsing Bitmine Ether buys, raising concerns about ETH's price stability below $1.5K. Meanwhile, tokenization and RWA TVL growth highlight Ethereum's fundamentals, but stagnant DApps development keeps the pressure on. This trend may continue to weigh on ETH's price, affecting investor sentiment and potentially leading to further losses.
Bitcoin $4.4 billion supply overhang emerges as institutional demand wilts
Institutions are showing decreased interest in Bitcoin, causing a $4.4 billion supply overhang as investors hold onto their coins. This trend is evident in the declining institutional demand, which has resulted in a significant increase in the available supply. The market is now grappling with this surplus, potentially impacting Bitcoin's price stability and overall market sentiment.
New York Life's $800 billion asset manager makes tokenization debut with Centrifuge fund
New York Life's $807 billion asset manager enters the tokenization space with a high-yield corporate bond strategy on blockchain through Centrifuge. This move marks a significant expansion beyond tokenized Treasury funds, a trend seen on Wall Street. The debut is expected to bring increased liquidity and efficiency to corporate bond markets, potentially disrupting traditional investment structures.
Nasdaq expands distribution of its market data into blockchain infrastructure
Nasdaq is expanding its market data distribution into blockchain infrastructure by offering its TotalView data feed through Pyth's marketplace, catering to financial firms building applications on blockchain rails. This move is expected to increase accessibility and reduce latency for Nasdaq data. Market participants can now leverage blockchain technology to access real-time market data.
Tokenized securities need competition, not gatekeepers
Tokenized securities require competition, not gatekeepers, argues Patrick McHenry, vice chairman at Ondo Finance and former Chairman of the House Financial Services Committee. He believes innovation thrives when investors have choices, and Washington shouldn't pick winners before the market has a chance to learn what works and determine the best approaches for tokenized securities.
SEC giving novel ETFs a rethink as it opens comment period on overhauling U.S. rules
The SEC is opening a comment period to overhaul U.S. rules governing novel ETFs, potentially impacting crypto sector managers. This move could lead to changes in the regulatory framework, affecting the approval process for new ETFs. Market participants are closely watching the development, which may influence the growth of the crypto ETF market.
Bitcoin price risks drop below $58K as US dollar hits 40-year high against yen
Bitcoin price risks dropping below $58K as the US dollar hits a 40-year high against the yen, its strongest level since 1986, while BTC price analysis reveals "capitulation" by top 2025 buyers, indicating a potential shift in market sentiment and increased selling pressure, which could further destabilize the already volatile cryptocurrency market.
Why OpenUSD's 'real threat' that tanked Circle stock still faces a steep uphill battle for adoption
OpenUSD, a stablecoin consortium backed by Stripe and Coinbase, poses a threat to Circle's business model, analysts say. However, building a network is more challenging than assembling big-name partners. OpenUSD still faces a steep uphill battle for adoption, requiring significant infrastructure development and user acquisition efforts to rival Circle's established market presence and user base.
Nasdaq brings proprietary market data onchain through Pyth
Nasdaq is bringing its proprietary market data onchain through Pyth, extending distribution to blockchain applications and software platforms. This partnership will make Nasdaq's TotalView market data available to a broader range of users. The integration is expected to enhance market transparency and accessibility, potentially increasing adoption and usage of blockchain-based financial applications.
Financial companies join forces for US dollar stablecoin, keeping reserve earnings
Financial companies are joining forces to launch a US dollar stablecoin, backed by Visa and Mastercard, along with numerous crypto companies. This new project could potentially challenge Tether's USDT and Circle's USDC, the current largest stablecoins by market capitalization, with a combined value of over $140 billion, impacting the crypto market's stability and trust.
Circle shares sink 16% after Open USD reveal, analysts say fears are ‘overblown’
Circle's shares are sinking 16% after Open USD's reveal, sparking fears among investors, but analysts at William Blair say these concerns are 'overblown.' They reiterated their Outperform rating on Circle's CRCL stock, viewing the selloff as a buying opportunity, with the stock trading at a discounted price, potentially setting up a rebound in the cryptocurrency market.
OKX launches AI marketplace for autonomous agent economy
OKX launches a beta marketplace for the agentic economy, enabling AI agents to autonomously find work and collaborate with other agents, with no specific timeline for full launch mentioned. This move positions OKX as a pioneer in the autonomous agent economy, potentially disrupting traditional employment models and fostering innovation in the AI space, with implications for the future of work.
Sharplink buys 10,000 ETH, repurchases 2.13 million SBET shares in latest buyback
Sharplink is buying 10,000 ETH and repurchasing 2.13 million SBET shares following a $75 million capital raise. The company's significant investment in Ethereum and its own token, SBET, suggests a strong commitment to the cryptocurrency market. This move may boost investor confidence and potentially drive up the value of SBET, while also supporting the Ethereum network.
MetaMask launches Money Account with stablecoin yield and spending in one wallet
MetaMask is launching Money Account, integrating stablecoin yield and spending within one wallet. This move reflects a push to make stablecoins more versatile beyond trading and transfers. Users can now earn interest on stablecoins and make purchases directly from the wallet, expanding the utility of stablecoins in everyday transactions and potentially increasing adoption.
MetaMask unveils all-in-one Money Account offerings users up to 4% APY on mUSD holdings
MetaMask is launching an all-in-one Money Account, offering users up to 4% APY on mUSD holdings, with Consensys tapping Monad as the "home chain." The initial yield will be generated using Morpho vaults.
Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud
Miles Guo, a Chinese exile linked to Trump strategist Steve Bannon, receives a 30-year sentence for his role in a $1 billion H-Coin fraud scheme. Guo's conviction in 2024 has finally led to this sentence. The high-profile case highlights concerns over cryptocurrency scams and their potential to deceive investors, underscoring the need for stricter regulations in the industry.
Business use of stablecoins set for growth surge: Cybrid report
Businesses are poised for a significant surge in stablecoin adoption, with a majority planning to use them within the next 12 months. Regulatory clarity remains the primary obstacle to widespread adoption. This shift is expected to be driven by the growing need for efficient cross-border payments and the increasing acceptance of digital assets in mainstream finance.
Crypto companies have spent $189M so far on 2026 US election cycle: Report
Crypto companies have spent $189 million so far on the 2026 US election cycle, according to a report, with the industry, big tech, and gambling interest groups collectively investing nearly $300 million in politicians. This significant spending reflects the growing influence of these sectors in US politics, potentially shaping policy and regulations.
SEC opens ETF rule review following crypto fund surge, prediction markets push
The SEC is currently reviewing the rules for a proposed new class of ETFs tied to prediction markets, which have seen significant growth. This review aims to determine the regulatory framework for these emerging products, with over $1 billion in assets under management. The outcome will impact the development of this rapidly expanding market segment.
Circle Stock Dives as Coinbase, BlackRock and Visa Back Open USD Stablecoin
Circle's stock is plummeting as Coinbase, BlackRock, and Visa join forces to launch Open USD, a new US dollar-backed stablecoin with over 100 major supporters onboard, including Coinbase, a key backer of Circle's USDC. This significant development threatens Circle's market share and dominance in the stablecoin space, potentially leading to a shift in market dynamics and increased competition.
AI’s power crunch turns Bitcoin miners’ grid access into an asset
Bitcoin miners are leveraging their existing power infrastructure to attract AI companies, offering grid access as a valuable asset. However, transforming old mining campuses into revenue-generating data centers is a challenging pivot, requiring significant investment in cooling, power distribution, and networking infrastructure, which could impact the miners' bottom line and future profitability prospects.
MetaMask launches stablecoin yield account with card spending
MetaMask launches Money Account offering up to 4% variable APY on mUSD stablecoin balances and card spending through DeFi-powered vaults, excluding the UK and EU. This move enables users to earn yields on their digital assets while making everyday purchases. The new feature is expected to attract more users to the platform, potentially boosting adoption and usage of stablecoins.
Crypto Wallet MetaMask Launches Yield-Paying Money Account on Monad
MetaMask is launching a yield-paying money account on Monad, combining stablecoin yield, payments, and trading into a single self-custody account. This move aims to make digital dollars more useful as crypto firms compete in this space. The account offers users a seamless experience, potentially increasing adoption and usage of stablecoins.
Circle slides 13% as Stripe, Coinbase and BlackRock back rival stablecoin network
Circle's USDC stablecoin is sliding 13% as major players Stripe, Coinbase, and BlackRock back rival Open Standard's Open USD, a new stablecoin network that promises to let partners keep reserve income and eliminate minting fees, challenging Circle's dominance and potentially disrupting the $130 billion stablecoin market, with implications for decentralized finance and global payment systems.
Jefferies warns of crypto market volatility as Clarity Act faces Senate test
Jefferies warns of crypto market volatility as the Clarity Act faces a crucial Senate test, citing major hurdles for its passage. The bill's potential approval could boost institutional crypto adoption, while delays prolong regulatory uncertainty, weighing heavily on investor sentiment and market stability, with a possible price impact on major cryptocurrencies like Bitcoin and Ethereum.
New Zcash nonprofit Sovright unveils ZEC wallet recovery tool
Sovright, a new Zcash nonprofit, unveils Argos, a wallet recovery tool for users stuck with shielded funds on ZEC Wallet Lite, impacting longtime Zcash supporters. The tool aims to help recover over 1,000 wallets with funds estimated to be worth millions of dollars. This move is expected to boost Zcash adoption and user confidence in the network.