Latest

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.

DeFi
apxUSD Loses Dollar Peg as Bitcoin Slide Squeezes STRC-Backed Collateral
Apyx Finance's apxUSD stablecoin slipped to $0.94 after Bitcoin fell to $63K, the first concrete peg break in the chain linking Strategy's BTC treasury to on-chain dollar instruments.

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.

Blockchains
Shielded Labs Proposes New Zcash Upgrade to Prove ZEC Supply After Orchard Bug
The Zcash developer said researcher Taylor Hornby used Anthropic's latest AI model to find a flaw that could have minted undetectable counterfeit ZEC inside the Orchard privacy pool. It wants a further network upgrade to prove the supply is sound, beyond the emergency fix activated June 3.

DeFi
0x Opens Cross-Chain API to All Developers with 12 Bridge Partners on Day One
0x Protocol has opened its Cross-Chain API to general availability with 12 bridge providers live from day one, including Circle, LayerZero, Stargate and Across — accessible through a single API integration.

Markets
Arthur Hayes Exits Entire HYPE and NEAR Positions, Cites Iran War and AI IPO Pipeline
BitMEX co-founder Arthur Hayes sold his full Hyperliquid and NEAR Protocol holdings on June 4, citing rising energy prices, a pipeline of AI IPOs, and a predicted Trump pivot against AI. A fuller rationale arrives in his "Reality Test" essay on June 9.
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.



