Crypto Breaking News

HIVE Digital Technologies Ltd. (TSX: HIVE, NASDAQ: HIVE) said the Boden Municipal Council in Sweden approved its acquisition of the Big Boden 32 MW data center. The company did not provide a transaction value in the announcement, and the purchase remains subject to customary closing conditions. The approval marks a shift for HIVE at the site it has operated since 2018. Instead of renting capacity, HIVE will move toward full ownership, giving it greater control over long-term facility plans and the site’s eventual role in enterprise-scale AI and high-performance computing workloads. From tenant to owner at the Big Boden site HIVE

The Algorand Foundation has launched the Global x402 Challenge, a five-month competition aimed at developers building x402-powered, pay-per-request API services on Algorand mainnet. The program combines cash and token incentives, with a prize pool totaling $100,000 USD and 500,000 ALGO, reflecting a broader industry push to make on-chain payments easier for software agents and automated services. The challenge is set to open in mid-July and run through early October. The top finalists will present at Devcon 8 India, with winners announced as part of the same event timeline. Competition details: timeline, requirements, and prizes According to the competition announcement, developers looking

Grayscale Research is extending a familiar equity-and-banking playbook into decentralized finance, arguing that certain DeFi tokens can be valued using cash-flow and earnings frameworks. In a new report, the firm outlines a base-case scenario for Aave’s native token that places its one-year fair value in the $80 to $100 range, with a potential upside target of $175 under a more optimistic path. The report also includes a forward-looking earnings estimate: Grayscale projects Aave could generate roughly $60 million in net income in 2026. It further highlights rapid growth in the underlying protocol’s economics—pointing to revenue rising more than sixfold between 2023

Tether is winding down Alloy by Tether and its gold-backed, overcollateralized aUSDT stablecoin after a short run of about two years. In a statement posted Wednesday, the stablecoin issuer said the move follows an internal review of user activity, market demand, and the company’s “broader priorities,” adding that it wants to concentrate resources where it sees stronger demand and more enduring opportunities. The shutdown is designed to be gradual. Tether will immediately stop new Alloy positions by preventing fresh aUSDT minting, and it is giving existing users a window to unwind their exposure by returning aUSDT and reclaiming the underlying XAUT

Block, the financial services company led by Jack Dorsey, says it has launched “Builderbot,” an AI-native set of engineering tools designed to handle a meaningful portion of production software changes. The company claims the system can carry out roughly 15% of all production code changes at Block, positioning the rollout as a step beyond traditional AI coding assistants. In describing Builderbot, Block frames the development as a practical shift: AI systems are moving from suggesting code to coordinating work that can be merged and shipped, while engineers retain responsibility for higher-level judgment and product decisions. Block also linked the announcement to

Michelle Bond, the wife of former FTX executive Ryan Salame, will move forward to trial on illicit campaign finance-related charges after a Manhattan federal judge rejected an attempt to throw out the indictment. The decision, issued by U.S. District Judge George Daniels on Wednesday, hinged on whether prosecutors promised Bond immunity in exchange for Salame’s guilty plea. Daniels denied Bond’s motion to dismiss, concluding there was “no ambiguity” in the written plea agreement and that prosecutors never promised Bond would be cleared. The ruling is expected to be among the final steps in the cluster of criminal cases stemming from FTX’s

Several U.S. gaming industry groups and labor organizations have asked Senate lawmakers to add explicit language to the Digital Asset Market Clarity (CLARITY) Act that would prohibit “event contracts” tied to sports and casino-style gaming from being offered through prediction market platforms. In a letter reported by Semafor on Wednesday, organizations including the Indian Gaming Association and the American Gaming Association said they are concerned that prediction markets have contributed to a major expansion of gambling activity in the United States without voter approval or legislative authorization. They urged Congress, while the CLARITY Act is still under consideration, to clarify that

Kentucky has filed lawsuits against prediction market platforms Polymarket and Kalshi, escalating a dispute that pits state gambling regulators against the U.S. Commodity Futures Trading Commission (CFTC) over how sports-linked event contracts should be classified and regulated. In court filings announced by Kentucky Attorney General Russell Coleman on Wednesday, the state also named Kalshi partners Coinbase, Robinhood and Webull. Kentucky accuses the platforms of operating unlicensed and illegal sports betting and gambling services, arguing their products fall under state “sports wagering” law rather than federal commodities rules. Key takeaways Kentucky alleges Polymarket and Kalshi are offering sports event contracts that constitute

Kentucky has filed lawsuits against five prediction market platforms, escalating an ongoing legal dispute in the United States over whether certain prediction market “event contracts” constitute regulated commodities products or unlicensed sports betting. The complaints target Polymarket and Kalshi, and name Kalshi partners Coinbase, Robinhood, and Webull, alleging the platforms are effectively operating sports wagering in Kentucky without required state authorization. The move adds to a broader pattern in which multiple states have challenged prediction markets under state gaming and consumer-protection statutes. It also highlights a central regulatory fault line in the US: states view sports-related event contracts as gambling that

France’s cybersecurity agency ANSSI says it will tighten enforcement on quantum-resistant cryptography, ending certifications for security products that do not use quantum-safe—also known as post-quantum—encryption. The decision, announced by ANSSI’s chief of staff Samih Souissi at the France Quantum 2026 Summit, is scheduled to take effect in 2027, with a broader push for businesses to rely on quantum-safe products by 2030. ANSSI certification is widely treated as a gateway for adoption across French government agencies and operators of critical infrastructure. As a result, the move is expected to raise pressure on vendors to demonstrate post-quantum cryptography capability well ahead of the

US prosecutors have proposed a timetable that would keep the legal fight over Tornado Cash co-founder Roman Storm alive into late 2026, after a jury was unable to reach a verdict on two of three charges in his case. Separately, a federal judge set a response schedule for Celsius ex-CEO Alex Mashinsky’s bid to vacate his prison sentence, while another court ordered December 2026 trial dates for a US soldier accused of insider trading involving a Polymarket event contract. Key takeaways Roman Storm’s retrial schedule hinges on a pending Rule 29 acquittal request, with prosecutors proposing a late-October or November 2026

Ready, a self-custodial wallet and crypto payments company, has reportedly disabled USDC-related card functionality for users located outside the European Economic Area (EEA), according to multiple user reports shared on social media. Users say they received an in-app warning that their “Ready Card will be deactivated within the next hour,” with the message indicating the change affects users “primarily outside the EEA” after what appears to be a card-provider update. Key takeaways Multiple users report Ready disabled Ready Card access outside the EEA with only a short notice period. The company linked the change to a card-provider shift, but it has

Altcoin spot demand has been under sustained pressure, but derivatives activity suggests traders are still heavily engaged with non-Bitcoin assets. On June 16, altcoins (excluding Ether) recorded $266 billion in net selling volume on centralized exchanges—the deepest reading since CryptoQuant began tracking spot demand in 2020—according to figures cited by analyst IT Tech on CryptoQuant. At the same time, altcoins are taking a leading share of derivatives attention. CryptoQuant data referenced in the report shows altcoins accounted for 51% of daily futures trading volume on Binance on June 16, versus 28.85% for Bitcoin and 20.20% for Ether—an imbalance that points to

Global markets slid on Wednesday as uncertainty resurfaced around US-Iran diplomacy and the outlook for inflation. Bitcoin, meanwhile, struggled to reclaim key levels, weighed down by continuing spot Bitcoin ETF outflows in June and signs of softer institutional demand. At the same time, US Treasury yields remained elevated, limiting risk appetite across equities and crypto. For traders, the near-term question is whether improving geopolitical clarity and easing rates expectations can restart inflows into Bitcoin—or whether current momentum continues to stall. Key takeaways Spot Bitcoin ETFs have recorded about $2.1 billion in net outflows so far in June, according to earlier Cointelegraph

US gaming and tribal-related organizations, along with labor groups, are urging lawmakers to tighten federal rules around crypto-linked prediction markets. In a letter reported by Semafor, they ask the Senate to include language in the Digital Asset Market Clarity (CLARITY) Act that would “explicitly prohibit event contracts tied to sports and casino-style gaming.” The groups’ core argument is jurisdictional and policy-driven: they contend that sports betting belongs under state and tribal regulatory frameworks, not under the Commodity Futures Trading Commission (CFTC). Their request comes as the CFTC, under Chair Michael Selig, has asserted “exclusive jurisdiction” over prediction markets. Key takeaways Sports

Barry Moore won the Republican primary runoff for Alabama’s U.S. Senate seat on Tuesday, defeating Democrat Everett Wess by securing 55.8% of the vote, according to NBC News. The race became necessary after neither candidate received a majority in the May 19 contest. Moore is set to take the seat held by outgoing Republican Senator Tommy Tuberville, in a development that is drawing heightened attention from the crypto political ecosystem. Federal Election Commission (FEC) disclosures indicate that pro-crypto political committees backed by Fairshake—an advocacy group associated with cryptocurrency companies—spent more than $12 million on media and advertising to support Moore across

Crypto-linked political spending helped shape the outcome of Alabama’s U.S. Senate runoff, where Republican nominee Barry Moore defeated Democrat Everett Wess. The race hinged on advertising campaigns backed by industry-aligned political committees, according to Federal Election Commission (FEC) filings reviewed in reporting by NBC News. Moore’s win came with him set to replace retiring Republican Sen. Tommy Tuberville. After no candidate secured a majority in the May 19 primary, the runoff took place Tuesday, with Moore winning 55.8% of the vote to Wess’s 44.2%, NBC News reported: https://www.nbcnews.com/politics/2026-primary-elections/alabama-senate-runoff-results. Key takeaways FEC filings show Defend American Jobs PAC—affiliated with crypto advocacy group