Latest

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.

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.

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.

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.

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.

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.

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.

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.

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.

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





