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SBF Files Formal Pardon Petition With Trump White House, Attorney Confirms
Regulation & Politics

SBF Files Formal Pardon Petition With Trump White House, Attorney Confirms

Sam Bankman-Fried formally filed a petition for a presidential pardon with the Trump White House, his attorney confirmed Monday. FTX's FTT token surged roughly 52% on the news.
Morpho Raises $175M in One of DeFi's Largest-Ever Funding Rounds
DeFi

Morpho Raises $175M in One of DeFi's Largest-Ever Funding Rounds

Morpho Association has raised $175 million in a round co-led by Paradigm, a16z Crypto, and Ribbit Capital, with Apollo Funds and VanEck among the strategic participants. The round, which values Morpho at $2 billion, is among the largest fundraises in DeFi history.
BitMine Buys 126,971 ETH for $207M at $1,630 Average as Prices Hit June Low
Markets

BitMine Buys 126,971 ETH for $207M at $1,630 Average as Prices Hit June Low

BitMine Immersion Technologies acquired 126,971 ETH for approximately $207 million last week at an average of $1,630 per token, its largest weekly purchase of 2026, lifting its total treasury to 5.54 million ETH, equal to 4.59% of Ethereum's circulating supply.
MetaMask Launches Agent Wallet in Early Access, Giving AI Agents Self-Custody Acces
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.
Bybit and Kraken Add xStocks SpaceX Tokenized Equity as Pre-IPO Derivatives Race Reaches Four Venues
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.
Strategy Buys 1,550 BTC for $101M One Week After Selling 32, Cash Reserve Hits $1B
Markets

Strategy Buys 1,550 BTC for $101M One Week After Selling 32, Cash Reserve Hits $1B

Strategy purchased 1,550 bitcoin for $101.3 million between June 1 and 7, one week after its first BTC sale since 2022. Cash reserve reached $1 billion.
PiggyBank's LAB Hedge Fails, Cutting USDC Vault NAV by 15%
DeFi

PiggyBank's LAB Hedge Fails, Cutting USDC Vault NAV by 15%

A Solana yield protocol's bet on a contested mid-cap token turned a dollar-stable vault into one nursing double-digit losses. Depositors are waiting on a promised post-mortem.
Arthur Hayes Dumps Worldcoin Days After Maelstrom Pitched Its AI IPO Trade
People

Arthur Hayes Dumps Worldcoin Days After Maelstrom Pitched Its AI IPO Trade

Arthur Hayes sold his entire WLD position on June 6, less than three days after Maelstrom publicly pitched Worldcoin as a liquid AI IPO play — ending his full portfolio exit sequence across HYPE, NEAR, ZEC, and WLD.
Yuga Labs Executes White-Hat Rescue of 68 NFTs After Flooring Protocol Exploit
Hacks

Yuga Labs Executes White-Hat Rescue of 68 NFTs After Flooring Protocol Exploit

Yuga Labs used its GrailsOTC trading desk to pull 68 blue-chip NFTs valued at more than $500,000 out of vulnerable Flooring Protocol pools before attackers could drain them.
Over 200 Crypto Firms Urge Senate Vote on CLARITY Act as Galaxy Cuts Passage Odds to 60%
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.