June 20, 2026
Spheric News Blog
Bitcoin

AFX Launches Sovereign Layer 1, Providing an Optimized Execution Environment for On-chain Perp DEXes

ROAD TOWN, British Virgin Islands, May 18, 2026 /PRNewswire/ — AFX, a sovereign Layer 1 purpose-built for decentralized derivatives trading, has officially commenced the operation of its L1 Mainnet, signaling a definitive end to the era of trade execution compromised by general-purpose blockchain congestion. Engineered for the world’s most demanding participants, AFX introduces the Sovereign Trading Layer—a

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Crypto

Forsage co-founder pleads not guilty in $340M crypto Ponzi case

A co-founder of the Forsage crypto investment platform has pleaded not guilty in a U.S. federal court after being extradited from Thailand in a case tied to an alleged $340 million Ponzi scheme. Summary Forsage co-founder Olena Oblamska has pleaded not guilty in a U.S. federal court after being extradited from Thailand. U.S. prosecutors alleged

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Crypto

Aave restores WETH borrowing as Kelp DAO recovery moves ahead

Aave has restored borrowing against wrapped Ether across affected markets as the decentralized lending protocol continues recovering from the fallout tied to Kelp DAO’s April exploit. Summary Aave has restored wrapped Ether borrowing across affected markets as recovery efforts tied to the Kelp DAO exploit continue. Court approved transfers involving 30,765 ETH remain tied to

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Bitcoin

Bitfinex to List RLS, Native Token of the Rayls Network

ROAD TOWN, Tortola, British Virgin Islands – 13 January, 2026 – Bitfinex (https://www.bitfinex.com/), a premier digital asset trading platform, announced today that it will list RLS, the utility token of Rayls, a blockchain infrastructure project designed to support both public and permissioned networks for financial institutions. RLS serves as the core utility token of the

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Crypto

Firedancer quietly hits Solana mainnet, but validators must wait

Jump Crypto’s Firedancer has entered production on Solana mainnet and is now producing blocks, according to a CoinDesk report.  Summary Firedancer has started producing Solana mainnet blocks after years of development by Jump Crypto engineers. Jump Crypto says validators should not switch at scale before full security audits are completed. The rollout adds client diversity

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Bitcoin

Bitcoin slides under $77,000 as oil shock and Treasury yields hit risk assets

Long-term holders are still sitting tight and exchange balances remain near six-year lows, Binance Research data shows, but underwater short-term holders leave BTC vulnerable to macro shocks. Source link

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Crypto

Bitcoin steadies near $78K as Iran responds to U.S. peace terms

Iran has responded to a U.S. list of conditions for a possible peace deal, according to reports shared by The Kobeissi Letter.  Summary Bitcoin stayed near $78,000 as traders weighed Iran’s counterconditions and wider Middle East war risk. Crypto.news data showed Bitcoin up slightly daily, but still lower across the past week overall. Iran’s demands

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Crypto

Can Circle recover lost USDC? User complaints reignite old debate

USDC users are again asking whether Circle should offer a clearer recovery process for mistaken token transfers.  Summary USDC users are questioning Circle’s recovery options after claims of mistaken transfers to inaccessible contracts. Tether’s official recovery page says some mistaken USDT deposits may be reviewed case by case. Tether freezes far more stablecoin value than

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Bitcoin

What is Rayls (RLS)? – Bitfinex blog

Rayls is an institutional-grade blockchain ecosystem designed to bridge traditional finance (TradFi) and decentralised finance (DeFi). Positioned as “the blockchain for banks,” it provides financial institutions with the infrastructure to operate privately, settle securely and access global liquidity—without compromising compliance, confidentiality or performance. Its aim is simple but far-reaching: to unlock more than $100 trillion

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Crypto

China, US and UAE team up in rare Dubai crypto scam raid

Police from China, the United States and the United Arab Emirates carried out their first joint international law enforcement operation against telecom and online fraud in Dubai, according to Xinhua.  Summary China, the U.S. and UAE reported their first joint crackdown on Dubai crypto romance scams. Authorities said nine fraud dens were dismantled and 276

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