Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow
Micron Technology surged after blockbuster earnings and strong guidance, lifting AI memory stocks.
Crypto
Iran-linked entities moved $3.8B through CoinEx, TRM says
TRM Labs traced $3.8 billion moved by 60 sanctioned Iranian entities through CoinEx and said that the exchange’s 8% share of illicit transactions was substantially higher than its counterparts.
Indonesia sets certification rules for influencers recommending crypto
Indonesia’s financial regulator will require influencers recommending crypto and other digital assets to hold relevant certifications as regulators worldwide tighten oversight of finfluencers.
Polish crypto exchange Kanga secures MiCA license in Latvia
Poland-founded crypto exchange Kanga has secured a Class 3 MiCA license in Latvia, enabling EU-wide crypto services as Polish lawmakers debate framework’s implementation.
Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry
The popular max pain theory isn’t working out as bitcoin trades far from the $72K level a day ahead of a $10 billion quarterly options settlement.
US arbitration giant rolls out ‘legal layer’ for agentic commerce
As agentic AI transactions increase, “we need to know there’s a clear answer to what happens if something goes wrong,” said Mance Harmon, co-founder of Hedera.
Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going
A liquidation flush took bitcoin to its lowest since early June before Micron’s blowout earnings and SK Hynix’s U.S. listing plans steadied the AI trade that crypto had been sliding alongside.
House Democrats seek SEC answers on AI investment advisers
House Democrats have questioned the SEC over trading platforms offering AI agent advisers making “consequential investment decisions on behalf of retail investors.”
MemeCore’s M token suddenly crashes 80% with no clear trigger
The token fell from nearly $3 to about $0.50 in hours, wiping out close to $3 billion in market value, with no exploit or announcement to explain it. Onchain investigator ZachXBT warned in April that M’s price had been propped up by insiders.
Ripple’s RLUSD stablecoin goes live in Japan after regulatory approval
Japan’s financial regulator cleared the U.S. dollar-backed token as a new category of payment instrument, letting SBI VC Trade offer it to institutions and retail. RLUSD remains small, at about $1.7 billion.
Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.
The market has found a new support level and it could be tested following Thursday’s U.S. inflation data.
XRP slides 2.8% as weak bounce keeps $1 support in focus
Sellers broke another support level on heavy volume, while the recovery failed to reclaim the zone that would ease downside pressure.
Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound
The token fell to about $59,000 before buyers stepped in, but the week’s losses are steep across the board. A blowout Micron forecast lifted stocks and oil kept sliding, yet crypto did not follow.
Abracadabra takes emergency action as MIM stablecoin depeg worsens
The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply.
Kalshi seeks funding at $40B valuation, nearly doubling last raise: FT
Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.
Aave Token Could Climb 50x by End of 2030, Standard Chartered Says—Here’s Why
Bitcoin to $500K, Ethereum to $40K, and Aave to $3,500 by the end of 2030? Standard Chartered just laid out some bullish price targets.
HYPE down 22% from record highs: Will spot demand revive the uptrend?
HYPE price drops near a key support zone where fading selling pressure collides with shrinking futures market activity. Will the altcoin resume its uptrend above $60?
Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers.
FTX exec’s wife scheduled for November trial on campaign finance charges
A Manhattan judge ordered that Michelle Bond’s criminal trial start in November after he denied a motion to dismiss the indictment based on claims that prosecutors misled her husband over her charges.
The Next GameStop? Meme Stock Traders Make Biggie-Size Bet on Wendy’s
Shares in fast-food chain Wendy’s might be the next hot meme stock for retail investors hungry for a cause.
Bitcoin nearly loses $59K as DXY surges: Are traders bracing for more pain?
Bitcoin drops toward new 2026 lows as spot BTC ETF outflows and slowing accumulation from Strategy weigh on market sentiment.
‘Painful’ Bitcoin Sell-Off Drags Ethereum, XRP and Dogecoin Lower as Crypto Stocks Dive
Bitcoin’s slide to its lowest point in 21 months slammed the price of leading altcoins, while pressuring crypto stocks on Wall Street.
Your Hermes Agent Now Has a Pet. It Does Nothing—And That’s the Point
Nous Research added animated mascot sprites to the self-improving AI agent—and the only thing they do is look cute while your AI works.
Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
In this week’s edition of The Protocol Newsletter, we’re looking at Ethereum’s eventful week that started off with the launch of EthLabs, plus the layoffs at the Ethereum Foundation, and what this all means for the network.
Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket
The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according to a Financial Times report.
Kalshi sues Illinois officials over prediction markets restrictions
The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1.
Leaked Code Suggests Anthropic Is Preparing to Bring Fable 5 Back
A leaker found new strings inside Claude Code that hint at weekly Fable 5 usage built into subscription plans, not sold separately as before.
Researcher Throws Cold Water on Microsoft Quantum Claims
A physicist’s formal critique argues Microsoft has not demonstrated the topological qubit behind its Majorana 2 quantum chip.
‘Stop Buying Bitcoin’: Strategy Needs More Cash Fast, Analyst Says as STRC Hits New Low
STRC fell even lower Wednesday while MSTR bleeds. CryptoQuant says that Strategy needs to stop buying Bitcoin and start stacking cash.
Binance Withdraws MiCA License Application in Greece, Leaving EU Users in Limbo
Crypto exchange Binance formally withdrew its MiCA license application in Greece, one week after a report said it would be denied.