One of Sam Bankman-Fried’s last credible paths to freedom closed Friday as a federal appeals court upheld his fraud conviction and 25-year prison sentence, ruling that the case against him was, in the court’s own words, “conservatively stated, robust.” A three-judge panel of the Manhattan-based 2nd U.S. Circuit Court of Appeals handed down the 42-page
The Commodity Futures Trading Commission has taken New Mexico to federal court over efforts to regulate prediction markets. Summary The CFTC sued New Mexico officials to stop state gaming laws from applying to Kalshi contracts. New Mexico accused Kalshi of offering unlicensed sports betting and allowing underage participation. CFTC Chair Michael Selig said federally regulated
DeFi protocol Morpho secures $175M co-led by Paradigm, a16z, and Ribbit Capital, marking one of the largest fundraises in DeFi history. Morpho has secured $175 million in a funding round co-led by Paradigm, a16z crypto, and Ribbit Capital. The DeFi lending protocol reached a $2 billion valuation with the close. Strategic investors including Apollo Funds,
Blockworks has acquired Messari after securing a $192 million valuation earlier this year, deepening its push into crypto data infrastructure as competition intensifies to build the industry’s information layer. Summary Blockworks has acquired Messari following its recent $192 million valuation. The deal combines crypto asset disclosures, market data, research, and API services under one platform.
While the late-2025 rally in privacy coins like Zcash (ZEC) and Monero (XMR) has since cooled, demand for anonymous, permissionless digital money — the cypherpunk vision that motivated early Bitcoiners — is unlikely to change. What has changed is where privacy innovation is being directed. Rather than existing primarily as standalone coins and separate networks,
CoreWeave and Nebius have secured places in the Nasdaq 100 after Nasdaq announced that both companies will be added to the index before trading begins on June 22. Summary CoreWeave and Nebius will join the Nasdaq 100 on June 22 following Nasdaq’s quarterly rebalance. CoreWeave’s inclusion follows its transformation from a crypto miner into a
In Bitcoin banking news, Blockrise CEO Jos Lazet took the stage at BTC Prague on June 11, 2026, and delivered a pointed argument: all neobanks you’ve ever used, Revolut, N26, and Monzo, are just prettier versions of the same old banking system, and Bitcoin-native companies now have the architecture to build something structurally different. Lazet
Anthropic has suspended access to its newly launched Fable 5 and Mythos 5 artificial intelligence models after receiving a U.S. government export control directive tied to national security concerns. Summary Anthropic suspended Fable 5 and Mythos 5 after receiving a U.S. export control directive. The company said officials cited national security concerns linked to a
According to a recent SoSoValue update, U.S. spot Bitcoin ETFs recorded $85.85 million in daily total net inflow on June 12. Summary U.S. spot Bitcoin ETFs recorded $85.85M in daily net inflows on June 12. BlackRock IBIT led all funds with $57.69M in daily net inflow. Grayscale GBTC and BTC recorded zero daily inflows, while
However, the two largest incidents were not simple smart-contract exploits of the type AI could engineer. In one, a North Korea-linked group drained about $285 million from Drift Protocol after a six-month social-engineering campaign that won it admin access. For the other, the attacker exploited a single-verifier flaw that allowed roughly $292 million to be
