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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Primary source update embedded from X. — Source https://x.com/BitgetWallet/status/2065448611568300225 TL;DR Bitget Wallet said tokenized SpaceX pre-IPO allocations were canceled. The issue was tied to a shortage from broker xStocks. The story concerns third-party tokenized exposure, not an official SpaceX IPO cancellation. Tokenized Stock Access Meets A Supply Problem Tokenized SpaceX share allocations have been canceled on at least one crypto platform after a shortage from broker xStocks, according to an official Bitget Wallet announcement. The platform said users affected by the canceled SPCXx allocations would…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR A Second Circuit panel rejected Sam Bankman-Fried’s appeal, according to the source pack. The panel rejected claims that he received an unfair trial. His convictions remain in place unless a further appeal succeeds. SBF Loses Appeal Push Sam Bankman-Fried’s attempt to secure a new trial in the FTX fraud case has been rejected by a three-judge panel of the Second US Circuit Court of Appeals, according to court materials cited in the final source pack. The court rejected defense claims that Bankman-Fried did not receive…

In brief The IMF said crypto flows in Nepal grew markedly between 2019 and 2024 despite a legal ban, peaking above 13% of GDP in 2021. It urged Nepal to regulate crypto under international standards, warning of capital-control evasion and deposit outflows. An expert told Decrypt that trading and remittances keep crypto alive in banned markets, making regulation a smarter tool than prohibition. Nepal banned crypto, but crypto did not leave Nepal.In a report released Tuesday, the International Monetary Fund (IMF) flagged growing crypto adoption in Nepal despite a legal ban and urged authorities to monitor the sector closely to…

In brief The Bank Policy Institute and The Clearing House said stablecoin AML rules should cover activity after tokens leave issuers. They urged regulators to move away from “check-the-box compliance” and focus on higher-risk activity. Regulators need to close stablecoin AML gaps without assigning responsibility to firms that lack control, industry observers told Decrypt. Banking trade groups are pressing U.S. regulators to clarify who oversees stablecoin transactions after issuance, opening a new front in a policy fight after crypto firms warned earlier this week that broad anti-money laundering rules could push regulated dollar tokens out of the decentralized finance sector.In…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR TRM Labs says Token of Power was exploited for roughly $1.58 million in WETH. The attacker used a governance setup with no timelock to propose, vote, and execute in one block. Tornado Cash was used for funding and routing, but Tornado Cash itself was not hacked. TRM Details A Governance Takeover Blockchain intelligence firm TRM Labs has detailed a governance takeover exploit against the Token of Power protocol that drained approximately $1.58 million in WETH. According to TRM’s analysis, the attacker exploited a weakness in…

In brief Monthly sales for tokenized Pokémon cards skyrocketed over the past year, fueled by a wave of speculative demand surrounding trading cards. The surge is largely due to gacha machines, which mirror the pack-ripping experience hobbyists enjoy while bordering on gambling. To combat skepticism and “rug pull” concerns, Collector Crypt uses a 28,000-square-foot facility in Montana to secure its physical inventory. Somewhere in Montana, a trove of Pokémon cards sits behind locked doors, anchoring a multi-million-dollar crypto market within a 28,000-square-foot facility.CEO Tuom Holmberg told Decrypt that since Collector Crypt debuted 18 months ago, the company’s vaulting facility has…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Ripple launched the XRPL AI Starter Kit for autonomous agent payments. The kit supports x402 payments using XRP and Ripple USD. It also includes tools that connect AI systems to XRPL documentation. Ripple Targets Agentic Payments Ripple has launched the XRPL AI Starter Kit, a developer toolkit designed to help software agents make payments using XRP and Ripple USD. The company described the release as Phase 1 of a broader push into agentic payments on the XRP Ledger. The toolkit integrates support for the x402…

In brief Canton Network creator Digital Asset secured $355 million in its latest funding round led by Andreessen Horowitz. The round drew a diverse mix of global investors, including the Abu Dhabi Investment Authority. Canton operates as a “network of networks” designed to bring traditional assets such as bonds, equities, and commodities on-chain. Digital Asset secured $355 million in new funding from investors including an Abu Dhabi-based sovereign wealth fund, according to a Thursday announcement from the firm behind the Canton Network.The firm said that the Abu Dhabi Investment Authority, through a wholly owned subsidiary, was among participants in the…

In brief The 2026 World Cup is projected to generate up to $10 billion in consumer sports betting and prediction market trading volume, Bernstein said. The investment firm suggested the soccer tournament could be a “watershed moment” for prediction markets and sports betting platforms. Robinhood and Coinbase are using the tournament to accelerate their prediction markets businesses, Bernstein said. The 2026 FIFA World Cup opens Thursday across North American stadiums, and while fans are focused on the beautiful game, Wall Street is fixated on a different kind of score: the billions of dollars expected to flow through sportsbooks and prediction…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Anthropic says a US directive forced it to suspend Claude Fable 5 and Claude Mythos 5 for foreign nationals. The company objected, saying the government had only provided verbal evidence of a narrow jailbreak. Pre-IPO-linked trading reacted negatively, with the Anthropic perpetual contract reportedly down 3.7% to about $1,627. US Directive Forces Anthropic To Disable Two Frontier Models Anthropic says it was directed by the US government to suspend access to Claude Fable 5 and Claude Mythos 5 for foreign nationals, including foreign-national employees inside…

In brief Former xAI engineer Devin Kim has sued xAI and SpaceX, alleging he was fired after raising concerns about Grok’s safety. The lawsuit claims Kim repeatedly pushed for stronger testing, evaluations, and safeguards to prevent harmful outputs. The case lands as investors closely watch Elon Musk’s business empire ahead of SpaceX’s anticipated IPO. A former xAI engineer filed a lawsuit against xAI and SpaceX this week, alleging he was fired after repeatedly warning company leaders about safety risks associated with Grok, the artificial intelligence firm’s flagship chatbot.According to a complaint filed in California’s Santa Clara County Superior Court, former…

In brief LG Electronics has developed a custom layer-2 blockchain network with Arbitrum for digital advertising operations. The platform enables automated placement, buying, selling, and management of digital ads without intermediaries. LG completed a pilot test with a Japanese advertising agency and is evaluating a potential market launch later this year. LG Electronics developed its own layer-2 blockchain network in collaboration with Arbitrum to power a new digital advertising platform.The South Korean consumer electronics giant told Fortune that the Arbitrum-based network will serve as a platform for placing, buying, selling, and managing digital ads, eliminating traditional intermediaries in the advertising…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Vivek Sen says Bitcoin could reach $400,000 in 2026 if it follows gold’s historical breakout structure. The claim is based on a visual chart overlay, not a formal valuation model. The market would likely need strong ETF flows, macro support and sustained momentum for that scenario to remain credible. IF BITCOIN FOLLOWS GOLD, BTC IS GOING TO $400,000 IN 2026 CHART SAYS IT ALL ?BULLISH ? pic.twitter.com/3TVEXAhFD0 — Vivek Sen (@Vivek4real_) June 12, 2026 Gold Overlay Fuels A $400,000 Bitcoin Target Vivek Sen has…

In brief Gary Gensler, one of crypto’s most aggressive regulators, has emerged as an ally of states challenging the CFTC-backed prediction market industry. Gensler said concerns over gambling and addiction should be left to the states. As the legal fight spreads across states, tribes, gaming groups, and state regulators are increasingly challenging Kalshi’s claim of exclusive federal jurisdiction. Former Commodity Futures Trading Commission and Securities and Exchange Commission chair Gary Gensler filed an amicus brief late Thursday with the Sixth Circuit Court of Appeals, saying that Congress did not hand the CFTC the keys to nationwide sports wagering when it…

SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Nasdaq at $150 Friday morning.By the time the stock reached $164, retail investors had gained “SpaceX exposure” through actual Nasdaq shares, Backpack Securities’ redeemable token on Solana, xStocks tracker certificates on Kraken and Bybit, Binance Wallet’s subscription campaign, and Hyperliquid’s perpetual futures.The convergence on a single name reflects a structural ambiguity in how crypto exchanges and tokenization platforms label equity-linked instruments, and the most anticipated IPO in years put that ambiguity under the brightest possible light.Four…

In brief SpaceX’s IPO joins an AI-driven tech rally and geopolitical uncertainty in stress testing crypto’s already waning attention and liquidity. Pre-IPO perpetuals on Hyperliquid have amassed $240 million in open interest, rivaling Solana perps despite offering only 5x leverage. A first-day pop above 25-30% in SpaceX’s SPCX could trigger a wealth effect rotation into crypto, but the real signal will be whether the stock holds its valuation weeks later, Decrypt was told. The initial public offering for Elon Musk’s SpaceX on Friday has collided with crypto markets in an unexpected way. The $75 billion raise for the largest IPO…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Trader Ryan claims Bitcoin bull phases have lasted 1,064 days and bear phases 364 days across recent cycles. The theory is attracting attention because it offers a simple timing model for BTC cycles. Exact-date cycle claims can be cherry-picked, so the setup should be treated as speculative market commentary. < I am literally SHAKING after finding this almost like someone is going to hunt me down after I hit post…I am not sure if this is public info but bitcoin cycles are PERFECT to…