US House Democrats call for FTC probe into prediction markets
The lawmakers are also asking the FTC for information on whether it has plans to take investigative or enforcement action against prediction markets for possible deceptive practices.
Crypto
About 67% of banned Anthropic accounts used AI to prep for cyberattacks
AI firm Anthropic mapped a year’s worth of AI-enabled cyber threats, finding that malicious actors are quickly becoming more dangerous with AI.
Apyx’s STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug
Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday.
BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green
BlackRock’s IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid’s HYPE products as the only major crypto ETF category still pulling in net new money.
Bitmine eyes dividend-paying preferred shares, echoing Strategy’s playbook
The move comes as Ether prices slumped to a 14-month low below $1,750 on Thursday.
Coinbase freezes $3M tied to Southeast Asia crypto fraud networks
Authorities around the world have been heavily targeting scam infrastructure this year, with joint actions involving the US, UAE, China, Austria and Albania.
CFTC follows SEC in scrapping ‘no-deny’ policy for settlements
CFTC Chairman Mike Selig says the rescission of its “no-deny” policy means it now has more flexibility when settling enforcement actions.
Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out
Presto Research says bitcoin’s drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.
Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated
Analysts and market observers are saying bitcoin’s crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.
Bitcoin tanks below $63,000 for the first time since February as price selloff deepens
The selloff has triggered demand for protective options plays, pushing the fear gauge higher.
Israel’s tax authority ‘disappointed’ in voluntary crypto disclosures: Report
After expecting billions of dollars worth of crypto holdings to be reported during a voluntary disclosure period, the country’s tax office only saw 58 filers took advantage of the procedure.
SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
SpaceX’s proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows across crypto and technology markets.
Tom Lee’s Bitmine borrows a page from Saylor’s playbook to offer 9.5% yield in preferred stocks
The largest Ethereum treasury firm is taking a page from Michael Saylor’s Strategy to issue preferred shares to tap new sources of funding.
Wyoming executive order to guide AI data center development
Wyoming Governor Mark Gordon signed an executive order supporting AI data center development as the state seeks to attract advanced computing and technology investment.
The Best AI Models Still Encourage ‘Harmful Intimacy’ With Chatbots, Study Funds
A new study finds that leading AI models often encourage emotional attachment, portray themselves as human, and fail to maintain clear boundaries.
US Treasury Secretary signals progress on Bitcoin reserve, CLARITY Act
Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile.
Revolut US bank plans stablecoins alongside FDIC-insured accounts: Report
Reuters reported that Revolut plans to integrate stablecoins into its future US bank as more fintech and crypto companies chase federal banking approvals.
Cardano Slumps to 5-Year Low Price as Charles Hoskinson Warns of ‘Wave of Failures’
Founder Charles Hoskinson was brutally honest about the troubles the Cardano ecosystem could face as the market continues declining.
Price predictions 6/3: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ZEC, ADA, XLM
Bitcoin is at risk of a drop below $65,000, but buyers are expected to mount a strong defense as the price nears the crucial $60,000 level.
Tether Debuts Tokenized Gold Stablecoin Visa Card That Pays Out Crypto Rewards
Holders will be able to do more with their gold, instantly spending Tether’s tokenized version anywhere Visa is accepted.
AI Lawyers Are Already Better Than Law Professors at Reasoning—Say Law Professors
Researchers found professors preferred AI-generated answers over those written by their peers, raising questions about the role of AI in professional education.
Bitmine’s Ethereum bet nears $9 billion loss as ether falls below $1,800
Shares of Tom Lee’s Ethereum treasury firm hit their lowest level since the company’s crypto pivot as ETH revisits the February lows.
Hermes Ends AI Agent Terminal Era With Release of Official Desktop App
Until now, the only way to run Hermes was through a terminal—or one of several unofficial GUIs the community had cobbled together.
Someone Just Redeemed a 15-Year-Old Physical Bitcoin, Scoring $1.78 Million in BTC
Physical Casascius coins were minted 15 years ago in the early days of Bitcoin—and the BTC held within is worth a whole lot more today.
Perplexity Wants Your Laptop to Do Part of the AI Work—So It Doesn’t Have To
The company’s new hybrid inference system routes AI tasks between your device and the cloud automatically. Privacy and cost savings are the pitch—and lower server bills.
Crypto PAC-supported candidates sweep US state primaries after media buys
Nearly a dozen candidates across three US states won their primaries or will advance to the November election after they were supported by $3.5 million in ads funded by crypto industry-aligned PACs.
New DeFi entrant widens field of crypto political campaign funds as elections loom
The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities.
Bitcoin isn’t crashing because of Saylor, it’s losing the momentum trade
Bitcoin’s recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor’s bitcoin sales, according to Charles Schwab’s Jim Ferraioli.
Why Ethereum Could Tank Another 25% Before Finding a Bottom: Analysis
ETH just crashed below $2,000 and is now trading near $1,841. Prediction markets place a 71% chance on a drop to $1,500—and the charts aren’t pushing back.
As Oil Moves Higher, Bitcoin Sinks to Lowest Price Since March
Bitcoin fell to a more than two-month low alongside U.S. stocks after Middle East skirmishes pushed bond yields and oil prices higher.