Advertisement

Latest

Securitize Goes Public on NYSE July 2 With $400M From SPAC Merger
TradFi & Fintech

Securitize Goes Public on NYSE July 2 With $400M From SPAC Merger

Securitize, the tokenization platform behind BlackRock's BUIDL fund, is set to begin trading on the NYSE on July 2 under the ticker SECZ after a SPAC merger with Cantor Equity Partners II that raised over $400 million, including an oversubscribed $225M PIPE.
StablecoinX Begins Nasdaq Trading as First Public ENA Treasury Vehicle
CeFi

StablecoinX Begins Nasdaq Trading as First Public ENA Treasury Vehicle

StablecoinX Inc. (Nasdaq: USDE) began trading Friday after closing its SPAC merger with TLGY Acquisition Corp., becoming the first publicly listed company holding approximately 3.03 billion ENA tokens and building infrastructure for the Ethena ecosystem.
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.
Base Resumes Block Production After Roughly Two-Hour Mainnet Halt
Blockchains

Base Resumes Block Production After Roughly Two-Hour Mainnet Halt

Coinbase-incubated Layer 2 Base stalled block production for about two hours Thursday after an invalid block triggered a consensus fault, before the network recovered. The outage renewed scrutiny of single-sequencer risk on major rollups.
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.