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Spark, Uniswap, and Sky Launch $150M Liquidity Migration to Build Shared Stablecoin FX Layer
DeFi

Spark, Uniswap, and Sky Launch $150M Liquidity Migration to Build Shared Stablecoin FX Layer

Spark, Uniswap, and Sky are launching shared stablecoin liquidity infrastructure, beginning with a $150 million USDS migration to Uniswap v4 pools designed to serve a multi-issuer stablecoin economy.
Strategy's STRC Preferred Stock Hits Record Lows as Leverage Cascade Deepens
Markets

Strategy's STRC Preferred Stock Hits Record Lows as Leverage Cascade Deepens

Strategy's Series A perpetual preferred stock has fallen to record lows around $73-78, down roughly 25% from its $100 par value in two weeks, as a leverage-driven selloff accelerates despite the company's bitcoin balance sheet staying intact.
Bitcoin Slips Under $60,000 as Tech Rout, Hawkish Fed Hit Crypto
Markets

Bitcoin Slips Under $60,000 as Tech Rout, Hawkish Fed Hit Crypto

Ether falls harder than Bitcoin in a market-wide risk-off move, while Aave bucks the selloff on V4 and Grayscale tailwinds; total DeFi value drops to about $69 billion
A16z-Linked Wallet Pulls 25,560 ETH From Binance in Apparent Accumulation Move
Markets

A16z-Linked Wallet Pulls 25,560 ETH From Binance in Apparent Accumulation Move

A wallet attributed to venture firm a16z withdrew $42.62M worth of ETH from Binance on Tuesday, per onchain intelligence tracker Lookonchain, as ETH trades near 30-day lows.
Strategy Stock Falls Below $100 for First Time in Two Years as Analysts Pick Apart Its Bitcoin Bet
Markets

Strategy Stock Falls Below $100 for First Time in Two Years as Analysts Pick Apart Its Bitcoin Bet

The break below $100 puts MSTR at a discount to its roughly $50 billion in Bitcoin and shifts the question from how much more Bitcoin Strategy can buy to which slice of its capital stack — the common stock, the preferreds, the debt or the coins themselves — is still worth owning, according to analysts at Arca and Zero Knowledge.
Lummis Sets July as Senate Floor Deadline for Clarity Act, Tells Dimon to Read the Bill
Regulation & Politics

Lummis Sets July as Senate Floor Deadline for Clarity Act, Tells Dimon to Read the Bill

Senator Cynthia Lummis announced Wednesday that the Digital Asset Market Clarity Act will reach the Senate floor in July, the first public floor-date commitment from the bill's lead sponsor. Lummis made the statement on Fox Business and challenged JPMorgan CEO Jamie Dimon to review the bill over the July 4 recess.
Binance Withdraws Greece MiCA Application, Targets New EU Jurisdiction Before July Deadline
Regulation & Politics

Binance Withdraws Greece MiCA Application, Targets New EU Jurisdiction Before July Deadline

Binance has confirmed it is withdrawing its MiCA license application in Greece and will seek authorization in a different EU member state, with the July 1 wind-down deadline for unlicensed crypto firms days away. The target jurisdiction remains undisclosed.
CFTC Sues Kentucky, Making It the Ninth State in Prediction-Market Jurisdiction Fight
Regulation & Politics

CFTC Sues Kentucky, Making It the Ninth State in Prediction-Market Jurisdiction Fight

The CFTC filed suit against Kentucky on Monday after the state sued prediction-market operators Kalshi and Polymarket for operating without gaming licenses, making Kentucky the ninth state to face federal litigation over who controls event-contract regulation.
Uniswap Adds No-Code Token Auction Tool to Its Web App
DeFi

Uniswap Adds No-Code Token Auction Tool to Its Web App

Teams can now launch token auctions directly from the Uniswap Web App using Continuous Clearing Auctions, with no code required.
Senate Democrats Demand Hearings on $500M Trump-UAE-World Liberty Financial Deal
Regulation & Politics

Senate Democrats Demand Hearings on $500M Trump-UAE-World Liberty Financial Deal

Five senior Senate Democrats sent a formal letter to Republican committee chairs demanding immediate hearings into a $500 million deal in which Abu Dhabi royalty acquired a stake in World Liberty Financial before Trump's inauguration, and into the arms sales and AI chip approvals that followed.