Government shutdown delays SEC v. Justin Sun case again
The stay in SEC v. Justin Sun has been extended due to the government shutdown resulting in lawyers being furloughed. Source link
Coinbase
Bitcoin
Elon Musk’s X Money Rolls Out to Premium+ Users With Up to $10 Million in FDIC Insurance
Key Takeaways X Money’s new Cash Sweep Program offers Premium+ users up to $10M in FDIC coverage, 40x the $250K standard limit. The service pays a 6% APY and runs on a Visa partnership, holding standard deposits at Cross River Bank up to $250,000. A full public rollout is targeted for mid-2026, even as Senator
Crypto
Ripple is becoming a bank. What it means for XRP
A conditional national trust bank charter, a pending Federal Reserve master account, and a string of acquisitions in brokerage, payments, and treasury. Ripple is assembling a full regulated-finance stack. The benefits flow first to its stablecoin and the company itself. What is left for XRP is the question. Summary Ripple has assembled a full regulated-finance
Crypto
Is Coinbase Cooked? Single Invalid Block Froze Base for Two Hours
Coinbase’s Base blockchain went dark for nearly two hours on Thursday after a single invalid block triggered a consensus failure that froze the entire network, and the incident has reignited a blunt question about whether the most-used Ethereum Layer 2 is actually ready for the 24/7 global finance role its creators are pitching. No funds
Tech & AI
White House wants OpenAI to limit the launch of its next model
William Gibson once famously said that “the future is already here, it’s just not evenly distributed.” It appears that the same goes for frontier AI models. According to The Information, the White House told OpenAI it wants the company to release its next model in a limited fashion, to a select group of close partners.
Coinbase
Bitcoin’s OP_RETURN war just went nuclear: a chain fork proposal
A proposed Bitcoin fork would commence an activation period for updating consensus rules to limit storage unrelated to the movement of BTC. Source link
Bitcoin
Crypto M&A Surges to $7.23 Billion Despite Lowest Investor Count Since 2020
Key Takeaways Cryptorank said active crypto investors fell to 651 in Q2 2026, the lowest since 2020. Cryptorank reported M&A funding hit $7.23B, signaling a shift to larger strategic deals. a16z Crypto and corporate buyers may drive a more selective funding market going forward. Crypto Venture Enters New Phase as Investor Count Falls to 6-Year
Crypto
Critical Moment for Ripple (XRP), Important Pi Network (PI) Updates, and More: Bits Recap June 26
XRP and ADA have been bleeding heavily, while Pi Network’s community has set its attention on Sunday (June 28). The cryptocurrency market just can’t catch a break, sliding into yet another sharp pullback several hours ago. Ripple’s XRP tumbled to its lowest level since late 2024, while Cardano’s ADA fared even worse. Meanwhile, Pi
Crypto
BTC bulls fight to defend $60K after liquidation wipeout
Bitcoin briefly fell below $59,000 late Thursday as selling pressure spread across the crypto market. Summary Bitcoin’s break below $59K came as ETF outflows and long liquidations deepened pressure across markets. Short-term holders are sending BTC to exchanges at a loss, raising capitulation and seller-exhaustion questions. Technical indicators remain fragile, with RSI near oversold and
Coinbase
402bridge private key leaks, 227 wallets drained in minutes
Cross-layer protocol 402bridge claims the private key leak affected team wallets, but some are suspicious it might be a rug pull. Source link