Crypto Industry News & Market Trends

Crypto ATM bans, restrictions now in effect in Tennessee and Georgia

Cryptocurrency ATMs are fast disappearing from the American landscape as kiosk operators in two US states face bans and restrictions as new laws go into effect.　　Crypto ATM laws passed by Tennessee and Georgia went into effect on Wednesday, imposing a complete ban in the former and requiring transaction limits and reporting in the latter. The measures by the two states followed bans in Indiana, which went into effect in March, and Minnesota, set to enforce an ATM ban on Aug. 1.　　The Tennessee law, signed by Governor Bill Lee in April, bans the use and installation of cryptocurrency ATMs and kiosks, while the Georgia law requires that ATM operators cap money sent for new and existing users, issue warnings to customers and in some cases refund those who may have been the victims of fraud.　　There were 185 crypto ATMs and kiosks operating in Tennessee before the statewide ban took effect on July 1. Source: CoinATMRadar　　Many US state governments and municipalities have individually begun cracking down on crypto ATM operators in response to incidents of residents, particularly senior citizens, being conned into sending funds to scammers. Delaware and New Jersey lawmakers have proposed similar measures completely banning the machines.　　Related: Massachusetts city to

07-02Industry

Avalanche Treasury stock plunges 73% since debut as company's AVAX holdings lose value

Avalanche Treasury Co. has seen its stock fall 73% since it debuted on the Nasdaq on June 11.At the end of the first quarter, the companys management raised “substantial doubt” about its ability to continue operations.The company said the concerns have since been alleviated with the completion of the SPAC merger that led to the Nasdaq listing.　　Avalanche Treasury Co. (AVAT), an AVAX-focused digital asset treasury firm, plunged 73% on the Nasdaq since its June 11 debut, following disclosure of operational struggles in its first-quarter results.　　AVAT went public last month after completing a $675 million merger with Mountain Lake Acquisition Corp., a crypto-aligned special purpose acquisition company. Its stock fell to $0.50 Wednesday from $1.85 on June 11.　　According to a Monday filing with the Securities and Exchange Commission, the operating entity posted a net loss of $26.78 million in the first quarter. It reported a net working capital deficit of $9.06 million at the end of March.　　The losses were mainly driven by unrealized losses tied to its crypto holdings, the company said. It held 13.39 million AVAX tokens at the end of March, acquired at a cost basis of $265.3 million. The fair value of AVAX holdings had fallen to just

07-02Industry

FBI-directeur Kash Patel betrapt op nalatigheid bij verplichte bekendmaking van zes-cijferige MSTR-investering: Bericht

SummaryFBI-directeur Kash Patel heeft meer dan zes maanden nagelaten om een aankoop van tussen $100.001 en $250.000 in aandelen van BTC-bezitter Strategy (MSTR) te melden,Patel schreef de late indiening toe aan een ongedefinieerde “miscommunicatie,” maar toezichthouders van de overheid stellen dat de vertraging in strijd is met de STOCK-wet en hebben hun oproepen hernieuwd om federale functionarissen te verbieden individuele aandelen te verhandelen　　FBI-directeur Kash Patel heeft niet tijdig een aankoop van aandelen ter waarde van zes cijfers in Strategy (MSTR), s werelds grootste openbaar genoteerde bitcoinhouder, bekendgemaakt, aldus een rapport van onafhankelijke nieuwsbron NOTUS.　　Patel zou tussen $100.001 en $250.000 aan MSTR hebben gekocht op 21 november, maar meldde de transactie pas op 26 mei aan de toezichthouders.　　De reden voor de vertraging？ miscommunicatie. Patel informeerde het Bureau voor Overheidsethiek dat hij de transactie “onbedoeld had weggelaten” vanwege een niet-gespecificeerde “miscommunicatie.”　　Volgens de Stop Trading on Congressional Knowledge (STOCK) Act zijn hoge functionarissen van de uitvoerende macht verplicht om individuele aandelenhandelstransacties van meer dan $1.000 binnen 45 dagen na de transactie openbaar te maken.　　De transactie heeft intense aandacht getrokken van toezichthouders vanwege de BTC-accumulatieactiviteiten van Strategy en de eerdere samenwerking van het bedrijf met federale instanties.　　Het bedrijf, dat volgens NOTUS in de loop

07-02Industry

Ether, Solana, Dogecoin in het groen na Warsh-uitlatingen die Bitcoin boven $60.000 stuwen

De grotere beweging vond plaats in de aandelenmarkt. Een verkoopgolf in halfgeleideraandelen verspreidde zich donderdag naar Zuid-Korea, waar de Kospi-index bijna 7% daalde voordat de verliezen werden beperkt. Samsung Electronics en SK Hynix daalden elk met meer dan 6%, en Kioxia daalden met 13% in Japan na een rally die de aandelen dit jaar met meer dan 650% had doen stijgen.　　De dalingen deden de zorgen herleven dat de explosieve stijging van aandelen in kunstmatige intelligentie dit jaar de realiteit heeft ingehaald.　　Twee rapporten voedden de onrust. Meta bouwt een cloudbedrijf op om toegang tot overtollige AI-rekenkracht te verkopen, meldde Bloomberg, wat de bezorgdheid deed rijzen dat het bedrijf te veel had uitgebreid. Apple is in gesprek om chips te kopen van twee Chinese halfgeleiderfabrikanten, een zet die de Koreaanse leveranciers zou schaden.　　De AI-handel is waar het hele kwartaal geld naartoe is gevloeid terwijl bitcoin daalde, wat het activum een zeldzame opeenvolgende kwartaalverliezen voor slechts de derde keer in de geschiedenis. Kapitaal verschoof gestaag naar chipfabrikanten en AI-infrastructuur nu crypto een verlieslatende eerste helft afsluit, dus scheuren daar zouden de druk die op de markt heeft gewogen kunnen verlichten.　　Elders daalde Brent-olie tot ongeveer $70,60 per vat, het laagste niveau sinds eind februari,

07-02Industry

Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000

The bigger move was in stocks. A selloff in semiconductor shares spread to South Korea on Thursday, where the Kospi index fell almost 7% before paring losses. Samsung Electronics and SK Hynix each dropped more than 6%, and Kioxia fell 13% in Japan after a rally that had lifted the stock more than 650% this year.　　The declines revived worries that this years blistering run in artificial-intelligence stocks has outpaced reality.　　Two reports fed the unease. Meta is building a cloud business to sell access to spare AI computing power, Bloomberg reported, which raised concern the company had overbuilt. Apple is in talks to buy chips from two Chinese semiconductor makers, a move that would hurt Korean suppliers.　　The AI trade is where money has flowed all quarter while bitcoin fell, giving the asset a rare back-to-back quarterly loss for only the third time in history. Capital rotated steadily into chipmakers and AI infrastructure as crypto closed a losing first half, so cracks there could ease the pull that has weighed on the market.　　Elsewhere, Brent crude fell to about $70.60 a barrel, its lowest since late February, before the Middle East war began, as traffic through the Strait of Hormuz recovered.

07-02Industry

Kalshi and Polymarket's combined volume surges 75% to $45 billion in June amid World Cup fever

Quick TakeKalshi, Polymarket, and Polymarket US have reported $44.8 billion in combined monthly volume in June, a 75% growth from Mays $25.66 billion.The notable surge in volume can be attributed to the ongoing World Cup, which has attracted millions of dollars in bets on prediction markets.Among the three, Kalshi saw the largest month-over-month increase in volume, growing 87.4% to $31.5 billion from $16.81 billion.　　Kalshi and Polymarket saw their combined trading volume soar last month as the FIFA World Cup 2026 continues to drive bettors into prediction markets.　　According to The Blocks data dashboard, Kalshi, Polymarket, and Polymarket US recorded $44.8 billion in combined monthly trading volume in June, marking a 75% surge from Mays $25.66 billion monthly volume.　　Among the three, Kalshi saw the largest month-over-month increase in volume, growing 87.4% to $31.5 billion from $16.81 billion.　　Polymarkets main, non-U.S. platform attracted $10.26 billion worth of volume last month, up 45% from the previous months $7.08 billion.　　Polymarket had seen a steady decline in monthly volume from March through May, while its U.S.-regulated platform sustained an upward trend. Polymarket US reported $3.04 billion in monthly volume last month, up from $1.77 billion in May.　　World Cup fever　　The sharp volume increase can be attributed to the

07-02Industry

Ark Invest scoops up $18 million in Circle shares as stock dips 41% over past month

Quick TakeCathie Wood-led Ark Invest bought $17.8 million worth of Circle shares on Wednesday.Circle closed down 1% today after falling nearly 18% on Tuesday following the launch of the rival stablecoin project OUSD.　　Cathie Woods investment firm Ark Invest snapped up more shares of Circle Internet Group on Wednesday as the USDC stablecoin issuers stock slipped further.　　The firms latest trading disclosure shows that Ark bought a total of 287,609 shares of Circle across three of its exchange-traded funds — ARKK, ARKW, and ARKF. At todays closing price of $61.95, Ark Invest added roughly $17.8 million worth of the stock.　　Circle (CRCL) closed down 1.1% today after it plunged by nearly 18% during Tuesdays trading session, which marked its worst single-day decline in recent months. It is down 41% over the past month.　　The sharp fall was widely attributed to Open Standard announcing Open USD (OUSD), a new stablecoin backed by more than 140 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase.　　Investors assessed potential competitive threats to Circles USDC, and Coinbases involvement in the new stablecoin project, as the exchange earns roughly 50% of USDCs reserve income under its distribution agreement with Circle.　　No immediate threat　　While CRCL took a heavy hit and extended its decline

07-02Industry

Ethereum Institutional launch draws support from across the Ethereum ecosystem

Spark CEO and co-founder Sam MacPherson said the significance lies less in the creation of another organization and more in what it signals about Ethereums evolution.　　“The interesting signal isnt the organization itself,” he said. “Its that Ethereum is reaching a level of maturity where multiple independent groups are investing in its long-term development. As institutional participation grows, that kind of distributed stewardship will become increasingly important to supporting the next phase of the ecosystem.”　　Asset management firm Bitwise CIO Matt Hougan echoed the development with praise, describing it as an example of Ethereums decentralized ecosystem adapting and strengthening over time.　　“Its kind of awesome to watch a decentralized system heal itself and find ways to make progress,” Hougan wrote on X. “Inspiring stuff.”　　Taken together, the reactions highlight a common theme: supporters see Ethereum Institutional not as a new center of power, but as another independent organization helping position Ethereum for its next phase of institutional growth.　　Read more: Ethereum gets a new nonprofit focused on institutional adoption

07-02Industry

Bitso unveils the 'Hybrid Finance' era as stablecoins reshape global payments

MEXICO CITY, June 23, 2026 — Bitso Business, the B2B arm of Bitso, Latin Americas leading digital financial services company, used the stage of Stablecoin Conference 2026, Latin Americas largest gathering focused on stablecoins and digital payments, to unveil a vision of what it calls the next phase of financial infrastructure: the rise of “Hybrid Finance,” where traditional financial institutions and blockchain-native companies increasingly operate on shared rails.　　The announcement comes amid accelerating institutional adoption of stablecoins globally. During the conference, Bitso released the second edition of its Stablecoin Landscape in Latin America report, revealing that stablecoin payment volumes processed by Bitso Business grew 81% year-over-year during the first half of 2026.　　The report also found that more than 60% of all new institutional clients onboarded by Bitso Business this year were banks and financial institutions, significantly outpacing crypto-native firms and traditional enterprises. According to the company, the data reflects a structural shift in which blockchain infrastructure is moving from an alternative payment mechanism to a core component of modern financial services.　　“Were entering an era of hybrid financial system where its no longer the TradFi world and the digital assets world, but it is just really a set of companies, individuals, businesses

07-02Industry

Robinhood rolls out public blockchain as it expands deeper into crypto

Beyond the Robinhood Chain ecosystem, the company announced several additional product launches and international expansion efforts. Robinhood said it is expanding perpetual futures trading in Europe to include commodities, ETFs and foreign exchange markets alongside crypto. It also plans to launch crypto trading in the U.K. and said its services are now available in Canada following its acquisition of WonderFi.　　The company also unveiled Agentic Accounts for crypto, an AI-powered trading tool that will allow eligible U.S. users to connect AI models to Robinhoods trading infrastructure while retaining control over capital allocation and trading parameters.　　“Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate,” Johann Kerbrat, Robinhoods senior vice president of crypto.　　Robinhoods product push shows how the lines between crypto and traditional finance are continuing to blur. The brokerage has steadily expanded beyond stocks and spot crypto trading into tokenized equities, derivatives and event contracts, better known as prediction markets. That strategy fits into the race for the “everything exchange” to host all kinds of trading and financial activity under one roof, increasingly on top of blockchain rails.　　At the same time, the company also said last month it would lay off 10%

07-02Industry

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