Galaxy Digital has launched an institutional over-the-counter prediction-markets desk, opening the service with a $10 million event swap tied to the Digital Asset Market Clarity Act. Summary Galaxy launched an institutional OTC prediction-markets desk with a $10 million event swap with Arca. The first trade allows Arca to take a position on whether the CLARITY
Cardano founder Charles Hoskinson has taken to X to allege that UK police covered up the Henry Nowak case, claiming that despite available evidence and victim testimony, UK law enforcement failed to act or actively suppressed information regarding a violent assault involving Nowak. The post generated significant engagement almost immediately. Here is the central tension
Crypto-backed political groups have expanded their election spending as several US primaries test the industry’s influence in Congress. Summary Crypto-backed PACs have increased spending in US congressional primaries as digital asset policy becomes a key election issue. FEC filings show Protect Progress spent millions supporting Democratic candidates in California, New Jersey, Maryland, and New York.
In crypto news today (June 2), the market has gone into a mini-meltdown as Bitcoin crashed below $70,000 in this European morning trading session, falling by -3.8% overnight. The crash caused more than $766M in daily liquidations, with over $600M of that figure being long trades. This price action hasn’t been helped by ETF flows,
The WonderFi acquisition gives Robinhood regulated crypto operations in Canada and expands its workforce and customer network. Robinhood Markets has completed its $180 million acquisition of WonderFi, a Toronto-based provider of digital asset products and services. With the deal, Robinhood is entering the Canadian market by acquiring an established operator of regulated crypto exchanges.
New York’s financial regulator has formed a stablecoin supervision agreement with the European Banking Authority as regulators on both sides of the Atlantic tighten cooperation over digital assets. Summary NYDFS and the European Banking Authority signed an agreement to share information on stablecoin supervision. The agreement covers market risks, consumer protection, and oversight of firms
In XRP news today, the company has launched its USD-backed stablecoin RLUSD in Turkey through partnerships with three local platforms, BiLira, Bitexen, and Bitlo, giving Turkish users direct access to a regulated, dollar-denominated digital asset for the first time via the RLUSD product specifically. RLUSD has reached $1.7Bn in market capitalization since its late 2024
Coinbase Ventures has purchased ENA tokens on the open market as Coinbase and Ethena prepare a new partnership focused on on-chain finance and savings products. Summary Coinbase Ventures bought ENA tokens on the open market rather than participating in a discounted private round. Ethena said the purchase came alongside a new partnership with Coinbase focused
Mt. Gox has transferred approximately $739M in Bitcoin to a new wallet, a move confirmed by on-chain monitoring firms Arkham Intelligence and Whale Alert, who traced the transaction to cold storage addresses linked to the defunct exchange’s 2011–2014 holdings. The transfer signals the continuation of the long-awaited Bitcoin repayment process for creditors who have been
The analyst noted an unusual setup where altcoins stopped reacting to BTC weakness, calling the market exhausted and likely a turning point. On June 2, 2026, as Bitcoin (BTC) tumbled below $70,000, the total market capitalization of altcoins actually rose by $4 billion, according to crypto analyst Sykodelic. That unusual divergence suggests that there