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Ondo Finance Launches 24/7 Minting and Redemption for Tokenized US Stocks and ETFs
TradFi & Fintech

Ondo Finance Launches 24/7 Minting and Redemption for Tokenized US Stocks and ETFs

Ondo Finance has enabled around-the-clock minting and redemption for tokenized US stocks and ETFs on Ethereum and BNB Chain, removing the weekday-only constraint that had tied position creation and cancellation to US market hours.
Trump Blocks Housing Bill Signing Over Voter ID Demand, Putting CBDC Ban in Limbo
Regulation & Politics

Trump Blocks Housing Bill Signing Over Voter ID Demand, Putting CBDC Ban in Limbo

President Trump canceled the signing ceremony for the 21st Century ROAD to Housing Act, which includes a statutory ban on a Federal Reserve-issued CBDC through 2030, demanding Congress first pass the SAVE America Act voter-ID legislation. The housing bill passed both chambers with veto-proof margins and may become law automatically.
Sophon Shuts Down Its zkSync Chain and Rebuilds as a Consumer App Studio on Base
Blockchains

Sophon Shuts Down Its zkSync Chain and Rebuilds as a Consumer App Studio on Base

Sophon is decommissioning its zkSync-based Layer 2 chain and pivoting to Soph+, a consumer product studio building exclusively on Base. The shutdown caps a chain that raised $60 million through node sales but attracted fewer than 200 daily users and generated roughly $30 in daily fees.
Binance Tells EU Users It Will Wind Down Services as MiCA Deadline Hits
Regulation & Politics

Binance Tells EU Users It Will Wind Down Services as MiCA Deadline Hits

Binance has begun notifying European Union customers it will restrict services after withdrawing its Greek MiCA application, realizing the EU-exit risk that surfaced earlier this month as the bloc's July 1 enforcement deadline nears.
BitGo Cuts Nearly 15% of Staff Six Months After IPO, Refocuses on Stablecoins and AI
People

BitGo Cuts Nearly 15% of Staff Six Months After IPO, Refocuses on Stablecoins and AI

Crypto custodian BitGo is cutting approximately 15% of its workforce, CEO Mike Belshe announced Thursday, as the company refocuses on stablecoins, settlement, and AI infrastructure following a difficult post-IPO stretch.
Strategy Executives Issue Coordinated Investor Reassurances as STRC Hits Record Lows
Markets

Strategy Executives Issue Coordinated Investor Reassurances as STRC Hits Record Lows

Three Strategy officials published separate posts within hours Friday defending the company's balance sheet, as bitcoin fell to around $59,600 and STRC preferred shares traded near historic lows.
Tether's USDT Closes In on Ether for No. 2 Crypto Spot by Market Cap
Markets

Tether's USDT Closes In on Ether for No. 2 Crypto Spot by Market Cap

USDT has drawn level with ether for the second-largest cryptocurrency by market cap, briefly overtaking it earlier in June. Rising stablecoin issuance is meeting a falling ether price.
Securities Probe Lands on Strategy as MSTR Sinks and STRC Slips Below Par
Markets

Securities Probe Lands on Strategy as MSTR Sinks and STRC Slips Below Par

The Rosen Law Firm opened a securities investigation into Strategy and is soliciting shareholders for a potential class action, as MSTR hit a two-year low below $100 and its STRC preferred traded about 26% below par.
Kalshi Seeks $40B Valuation Seven Weeks After $22B Raise
CeFi

Kalshi Seeks $40B Valuation Seven Weeks After $22B Raise

Prediction-market operator Kalshi is in talks to raise fresh capital at a roughly $40 billion valuation, the Financial Times reported, nearly double the price tag from a $1 billion round that closed seven weeks ago at $22 billion.
Invesco Files for Tokenized Stablecoin-Reserve Money Market Fund Built on Superstate Rails
TradFi & Fintech

Invesco Files for Tokenized Stablecoin-Reserve Money Market Fund Built on Superstate Rails

US asset manager files for a GENIUS Act reserve money market fund whose shares are recorded directly on public blockchains, with Superstate as sub-transfer agent