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A new feature documentary is making the case that Bitcoin belongs in the boardrooms of professional basketball — and it has the access to back it up. Bitcoin Season, directed by Mike Nicoll, follows Swan Bitcoin, an American Bitcoin exchange, on its mission to establish Bitcoin-only partnerships inside the professional basketball industry. The film centers on Swan’s groundbreaking deal with the Cleveland Cavaliers — described as the first Bitcoin-only partnership with an NBA franchise — and a separate agreement with Klutch Sports Group, the player agency founded by Rich Paul that represents some of the biggest names in the sport.…

In brief Decentralized lending platform Morpho has secured $175 million in its latest funding round, highlighting the rise of curated lending vaults. The platform has been adopted by industry giants like Coinbase and Binance, along with French banking giant Société Générale. The raise signals persistent demand for DeFi infrastructure, despite an uptick in multi-million dollar exploits this year. Decentralized lending protocol Morpho has secured $175 million in new funding, highlighting persistent demand for DeFi infrastructure despite a series of recent setbacks for the sector.The platform, which allows anyone to create isolated lending markets, billed the raise as one of the…

Hedge fund manager Dan Loeb has publicly claimed that the Department of Justice threatened President Donald Trump in the final hours of Trump’s first term in January 2021, warning it would “go after” him if he commuted the sentence of Ross Ulbricht, creator of the Bitcoin-powered Silk Road marketplace. After the reported threat, Trump withdrew the commutation, forcing Ulbricht to serve four additional years in prison before receiving a full pardon in January 2025 during Trump’s second term. Loeb, founder and CEO of Third Point LLC, made the revelation on the All-In Podcast while discussing his role in criminal justice…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto pundit Bank XRP has drawn attention to how Ripple Prime has found its way into Wall Street’s core infrastructure. This follows an announcement by the Depository Trust & Clearing Corporation (DTCC), in which it named the crypto firm as a partner for its tokenization service.  How Ripple And XRP Have Found Their Way Into Wall Street In an X post, Bank XRP stated that Ripple is now inside Wall Street’s core infrastructure. He noted that DTCC, which clears $114 trillion in transactions, has confirmed that Ripple…

In brief Bitcoin’s 50% drawdown from its $126,000 all-time high is its shallowest to date, compared to 2012’s 90% correction. Analysts point to ETF outflows and macro tightening as signs the bear market isn’t over. $60,000 and $55,000 to $45,000 are key levels to watch if selling pressure continues, Decrypt was told. Bitcoin’s price action has been down-only in June, dropping double-digits as capital continues to exit ETFs amid escalating geopolitical and macroeconomic tensions.Still, the leading crypto is down 50% from its October 2025 all-time high of $126,080, according to CoinGecko data, making it the shallowest bear market in Bitcoin’s history.In…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Humanity Protocol, a biometric blockchain identity project that had been one of crypto’s top-performing tokens of 2026, suffered a catastrophic security incident on June 9 in which attackers drained approximately $32 million from more than 17 wallets — sending the H token crashing 90% within hours — before on-chain investigator ZachXBT publicly questioned whether the incident was a genuine external hack or a staged exit by the project’s own insiders. The attack unfolded in two phases. In the first, attackers minted 100 million H tokens and drained…

In brief JPMorgan analysts argued that Strategy could reassure anxious investors by rebuilding its cash reserves. A small Bitcoin sale triggered the company’s worst weekly stock market performance since November 2022. Strategy said on Monday that it has now earmarked $1 billion for debt and dividend management. Strategy’s fortunes have long been tied to Bitcoin’s price, but the company’s future appears to rest increasingly on the greenback, according to JPMorgan analysts.As the Bitcoin-buying firm’s flagship preferred stock has ballooned beyond $10 billion in market cap, investors’ confidence has become tethered to the health of Strategy’s cash reserves—which recently shrank—as the…

In brief Seven frontier AI models were each handed the same 2026 World Cup draw and told to forecast a champion their own way. Four picked Spain, the boldest being Stepfun at 33%; three picked defending champion Argentina, the boldest being Qwen at 22%. Every model placed Spain, Argentina and France in its top tier. Myriad, the prediction market run by Decrypt’s parent company, agrees on the favorite—Spain 19%, France 17%—but prices Argentina at just 10%, as of June 7. The 2026 World Cup kicks off in days, which means half the planet is about to pretend it can predict…

Convicted FTX founder Sam Bankman-Fried has officially submitted a formal request for a presidential pardon from President Donald Trump, according to records listed on the U.S. Department of Justice Office of the Pardon Attorney website. DOJ records indicate the request for “pardon after completion of sentence” was submitted in 2026 and is currently pending. The White House declined to comment. Bankman-Fried is currently serving a 25-year federal prison sentence after he was convicted of fraud charges in 2023 for orchestrating a scheme that misused billions of dollars in customer funds at FTX and its affiliated trading firm, Alameda Research. FTX…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite the Bitcoin crash to $59,000 triggering extreme fear across the crypto market, not everyone is worried about the move. For some, this move was expected and means that the cryptocurrency’s price is actually going according to plan. One of those who sees this move as a good thing is crypto analyst Alex Mason, who expected this to happen and has revealed what the next steps are for the Bitcoin price. The ‘Natural’ Trajectory For The Bitcoin Price In Mason’s analysis, he explains what’s going on with…

In brief Retail investors are hungry for AI stocks, making the declining Bitcoin look boring by comparison, Bernstein said Monday. Bernstein argues the low retail activity reflects a healthier, more institutionally stable market rather than a structural decline. Analysts reiterated a $150,000 price target by year’s end, which would mark a new all-time high. Bitcoin has tumbled roughly 27% so far in 2026, battered by weak inflows and retail investors who have largely redirected their enthusiasm toward AI stocks. But analysts at Bernstein are pushing back against the gloom, arguing the cryptocurrency’s quiet year is evidence of growing institutional stability…

In brief OpenAI said it recently submitted a confidential S-1 registration statement for a potential IPO. The company has not decided when—or whether—it will move forward with a public offering. The filing follows months of speculation that OpenAI was preparing to enter public markets. ChatGPT developer OpenAI confirmed Monday that it has confidentially filed an S-1 registration statement for a potential initial public offering, a move that formally begins the process of becoming a publicly traded company.”We recently submitted a confidential S-1,” the company wrote in a post on X. “We expect it to leak, so we’re just announcing it.”An…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has reclaimed the $63,000 level after losing the $60,000 mark last Friday in a breakdown that forced the most significant reassessment of market structure since the February lows. The recovery is tentative but meaningful — and XWIN Research Japan has published an analysis that addresses the question now circulating across every corner of the market with a directness the data supports. Have institutions abandoned Bitcoin? At first glance, the evidence points toward yes. Bitcoin has fallen sharply from its cycle highs. ETF outflows have persisted across…