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.

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.

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.

The founder said all Aave protocol and GHO revenue flows to the AAVE token and that the brand and software belong to holders, responding to a report that Kraken is in talks to buy a 15% stake at a $385 million valuation.

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

The intellectual-property blockchain that raised $140 million led by a16z crypto is migrating its $IP token to $DATA one-to-one and integrating data marketplace Kled, registering 1.1 billion user records on the network.

Abracadabra.money declared emergency measures after its MIM stablecoin fell roughly 50% below its $1 peg, triggering interest rate hikes across all Cauldrons, a halt to Curve bribes, and a suspension of direct incentives.

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 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.

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