Latest

DeFi
MetaMask Launches Agent Wallet in Early Access, Giving AI Agents Self-Custody Acces
The Consensys-owned wallet provider opened early access Monday for autonomous AI agents to trade across 25+ EVM chains and Hyperliquid, with transaction simulation and $10,000 in loss coverage as the security pitch.

CeFi
Bybit and Kraken Add xStocks SpaceX Tokenized Equity as Pre-IPO Derivatives Race Reaches Four Venues
Bybit and Kraken both launched 1:1 equity-backed SpaceX exposure via xStocks, joining Coinbase International and BitMEX in a four-venue race that now splits between synthetic perpetuals and regulated tokenized equity issued by Backed Assets (JE) Limited.

Regulation & Politics
Over 200 Crypto Firms Urge Senate Vote on CLARITY Act as Galaxy Cuts Passage Odds to 60%
A coalition of more than 200 organizations including Coinbase and Ripple pushed Senate leadership for a floor vote Monday. Galaxy Digital's research head simultaneously lowered his 2026 passage probability by 15 points, citing a shrinking calendar and unresolved ethics provisions.

Regulation & Politics
SEC Trading Division Director Lays Out Tokenized Securities Framework and Joint CFTC Harmonization Push
Jamie Selway, Director of the SEC's Division of Trading and Markets, outlined two structural workstreams on June 4: a framework to list and trade tokenized securities under an 'innovation without arbitrage' principle, and a joint SEC-CFTC effort to harmonize conflicting rulebooks across swap reporting, portfolio margining, and product definitions.

TradFi & Fintech
Major US Banks Including JPMorgan, Citi and BofA Plan Shared Tokenized Deposit Network
JPMorgan, Citi, Bank of America, Wells Fargo, and more than a dozen peers have announced a joint initiative to put commercial bank deposits onchain, operated by The Clearing House and targeting a first-half 2027 launch.

Markets
CME CEO Terry Duffy Calls US Crypto Perps 'a Disaster Waiting to Happen'
CME Group CEO Terry Duffy warned that newly approved US-regulated perpetual futures are "a disaster waiting to happen," citing excessive leverage and retail risk — a pointed critique from the incumbent US institutional crypto derivatives exchange.
Podcast
ERC-3643: The Case for Permissioned Tokens for Insitutional Adoption
What if the blockchain token you hold doesn't actually give you ownership of the underlying asset?
Dennis O'Connell of the ERC-3643 Association joins Converge to expose the hidden differences between tokenization standards — and why knowing which one you're buying matters more than most people realize.

Markets
Spot Bitcoin ETF Outflow Streak Extends to Record 13 Days, $4.4B Cumulative
US spot Bitcoin ETFs posted a 13th consecutive day of net outflows on Wednesday, extending the longest withdrawal streak in the products' history to $4.4 billion cumulative since May 15.

TradFi & Fintech
BitMine Files for $300M Preferred Stock Offering at 9.5% Yield to Expand ETH Treasury
BitMine Immersion Technologies filed a 424B5 prospectus supplement to raise up to $300 million through Series A Perpetual Preferred Stock at a 9.5% cumulative dividend — applying Strategy's STRC capital-markets playbook to a corporate Ethereum treasury sitting on $9.2 billion in unrealized losses.

CeFi
Coinbase Launches Pre-IPO Perpetual Futures, Starting with SpaceX
Coinbase International Exchange, operating through its BMA-licensed Bermuda entity, now offers USDC-settled perpetual futures on private-company valuations, with SpaceX as the first listing.





