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Robinhood (NASDAQ: HOOD) stock price closed trading at $105 on June 17, its highest level in almost six months, prompting Cathie Wood’s Ark Invest to book profits with a sale of 275,571 shares valued at $28.5 million. ARK’s sale did not dent the HOOD stock price rally or dent the sentiment, with Bernstein and Deutsche Bank reiterating a “buy rating” on the shares after the recent restructuring…

Bitget has revealed the biggest pain points within the job opportunities that plague the blockchain industry through its Web3 Next-Gen Talent Intelligence Report. The report draws results from the recent study done by the Blockchain4Youth (B4Y) initiative, which found that the talent pool within the Web3 industry is severely lacking. The study surveyed aspiring and early-career professionals…

The move marks a notable reversal from the start of the year, when the curve was steepening, a sign markets were pricing in rate cuts, which were then cited as a tailwind for risk assets including cryptocurrencies. That tailwind now looks like it’s fading. Here’s why the curve matters Bonds serve as one of the channels through which monetary and fiscal policies are transmitted into markets and…

CFTC Chairman Mike Selig has signaled a major push to expand crypto derivatives and other products in the U.S., emphasizing collaboration with the US SEC to end past regulatory turf wars. This comes as CME Group announced plans to sue the CFTC over the recent approval of perpetual futures contracts. CFTC Chairman Mike Selig Signals Crypto Futures and Perpetual CFTC Chairman Mike Selig revealed…

Crypto exchange Binance is reportedly seeking a pan-EU MiCA license in France after its application in Greece faces a major roadblock. ECB President Christine Lagarde played a key role in blocking the move to clear the path for Digital Euro. Binance Seeks MiCA License in France After Greek Setback According to The Big Whale report, Binance is in discussions with the AMF to secure a MiCA license…

Jack Dorsey’s financial services firm Block rolled out a new suite of AI-native tools on Wednesday, which it says can execute around 15% of all production code changes across the company.  The new AI tooling, Builderbot, is able to execute over 200,000 operations per day and merges approximately 1,500 pull requests per week, said the company.  “The best way to think about Builderbot is as the…

XRP’s push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18. The pullback doesn’t fully undo last week’s breakout, but it does show buyers still have work to do before…

The Binance European regulatory path is back in focus as the MiCA deadline approaches, with the exchange’s EU licensing strategy becoming a key test of how global crypto platforms adapt to the bloc’s new rulebook. TL;DR Binance has been pursuing a European authorization route under the MiCA framework. The end of the EU transition period is raising pressure on exchanges that still need full…

Ready Card users outside the European Economic Area have been pushed into an abrupt service halt after a card issuer transition disrupted the USDC spending product, according to user notices shared on X. TL;DR Ready Card’s non-EEA service halt shows how stablecoin products still depend on traditional payment rails. The card is marketed as a self-custody USDC debit card, but spending access…

Elon Musk’s personal fortune has surpassed the market value of Bitcoin, a milestone that shows how quickly SpaceX’s public-market debut has reshaped both wealth rankings and the broader conversation around speculative risk. According to Bloomberg’s Billionaire Index, Musk’s net worth rose to about $1.32 trillion as SpaceX shares traded above $200, extending a rally that began with the company’s…

Key takeaways: Bitcoin remains under pressure from $2.1 billion in ETF outflows in June and an ongoing discount relative to global Bitcoin/USDT pairs. Strategy’s STRC stock shows weakness, highlighting growing concerns over monthly dividend obligations and share dilution. The US stock market traded down on Wednesday after President Donald Trump said the memorandum of understanding with Iran was…

Europe’s stablecoin market is moving into its next, stricter phase as major exchanges continue reshaping USDT access for users in the European Economic Area under the EU’s Markets in Crypto-Assets framework. TL;DR Binance, Coinbase, Kraken and other platforms have adjusted stablecoin access for EEA users under MiCA. The shift has hit Tether’s USDT hardest because Tether has not obtained MiCA…

Today in crypto, gambling industry groups want the US Senate to clarify that the CFTC doesn’t have the authority to oversee prediction markets. Also, the EU’s Markets in Crypto-Assets Regulation (MiCA) deadline looms over crypto exchanges serving the bloc, and the US Congress reached a deal to advance a housing bill that includes a central bank digital currency (CBDC) ban. Gaming groups urge…

Bitcoin price traded at $65,371 after gaining 7% over the past 24 hours. The move came as buyers returned following days of crypto market consolidation. Bitcoin price surged over $65,000 in response to a better geopolitical mood. The market had earlier remained stuck in a narrow range between $65,500 and $65,750. BTC rose to just over $66,000, but the momentum has slowed again. Bitcoin Price…

Japan’s largest banking groups are moving toward a shared yen-backed stablecoin framework, a development that could bring one of the world’s most heavily regulated financial systems deeper into tokenized payments. TL;DR MUFG, SMBC, and Mizuho are reportedly aligned around a joint yen-backed stablecoin initiative. The project is still at the council and design stage, not a live commercial…

Stablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund. Coinbase Ventures, Jump Capital and Paxos were among the investors that participated in the round, the company said Wednesday in a statement shared with Cointelegraph. Trace Finance provides banking, foreign exchange and stablecoin settlement infrastructure for…

CoinMENA will use Standard Chartered to strengthen fiat payment rails in the UAE, while Revolut reportedly secured central bank licenses ahead of a planned local launch. Source link