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Track the global crypto developments 24/7. Your trusted source for real-time news, market trends, and breaking updates.
2026-06-26
21m ago
Invesco Applies With SEC to Register Invesco Stablecoin Reserve OnChain Fund Backed by Cash and Short Term US Treasuries
Invesco filed with the US Securities and Exchange Commission to register the Invesco Stablecoin Reserve OnChain Fund, designed to invest in cash and short term US Treasury securities aligned with GENIUS Act reserve requirements. The filing names Superstate as co transfer agent to maintain a blockchain integrated shareholder register, with the fund set to operate on a public blockchain not specified in the documents.
22m ago
Rick Rule says gold falling below 4,000 echoes 1975 selloff before an 8x rebound
Resource investor Rick Rule told Kitco News that gold dropping below 4,000 resembles 1975, when the metal fell about 50 percent before rising roughly eightfold. He said he is cautious in the near term but still buying, and argued royalty and streaming firms can offer a safer way to gain gold exposure than miners.
32m ago
THE BLOCK: Ark Invest's Cathie Wood Adds to Coinbase, Circle, Bullish and Robinhood Positions as Stocks Slide
THE BLOCK: Ark Invest, led by Cathie Wood, bought additional shares of Coinbase, Circle, Bullish and Robinhood on Thursday as broader equities traded lower.
34m ago
New York Fed's Williams Sees Inflation Return to 2% Only by 2028; May PCE Up 4.1% YoY
June 26 — New York Fed President John Williams said Thursday that U.S. inflation remains well above the Federal Reserve's 2% objective, pushing back his expected timeline for a return to target to 2028 from what had previously been "next year." He said the current stance of monetary policy is "fully capable" of continuing to relieve price pressures. Data released for May showed the personal consumption expenditures (PCE) price index — the Fed's preferred inflation gauge — rising 4.1% year over year, the biggest increase since April 2023. The reading remains far above the 2% goal and has reinforced market expectations for additional rate hikes. Williams said he expects inflation to ease to around 3.5% by year-end before gradually moving back toward the target. He pointed to three main sources of the current pressure: higher import tariffs; rising energy and commodity prices tied to conflicts in the Middle East; and stronger demand for certain technology products linked to the AI investment boom. He also cautioned that AI-related investment could temporarily add to price pressures, requiring policymakers to balance waiting for productivity gains against managing near-term inflation risks. On growth and jobs, Williams said the U.S. economy remains resilient. He projects growth of about 2.25% this year and for the next two years, and sees the unemployment rate falling from 4.3% to 4% by 2028. Chicago Fed President Austan Goolsbee echoed the concern, saying core inflation remains "too high and moving in the wrong direction," and that a renewed rise in inflation has become the Fed's top worry this year. After last week's FOMC meeting, the Fed's projections showed nine of 19 officials expect at least one rate hike this year. The current federal funds rate target range remains 3.5% to 3.75%.
Selected
34m ago
Base mainnet outage triggered by anomalous block; network operations restored
ChainCatcher reports that Base said at 00:27 Beijing time its mainnet suffered an outage after block production ran into issues. The team attributed the disruption to an anomalous block that interfered with subsequent block construction, adding that user funds remained safe. At 01:53, Base said new block ordering had been restored and internal nodes were syncing normally. Operators running validator nodes were instructed to restart their Base nodes to resume synchronization. By 03:22, Base reported block production had returned to normal, with applications and infrastructure gradually coming back online as nodes restarted. The team said it has identified the root cause and will prioritize publishing a full postmortem. Separately, The Block noted the incident occurred on the same day Base had scheduled its Beryl upgrade for 02:00 Beijing time, though the outage was reported to be unrelated to the planned maintenance.
Selected
45m ago
Strategy's STRC Trades 26% Below Par as MSTR Slides to 16-Month Low
ChainCatcher, citing The Block, reported that Strategy's perpetual preferred stock STRC sank to a record low of $74 on Thursday—about 26% below its $100 par value—before edging back to $75.69. Strategy's common stock MSTR fell below $87, marking its lowest level since February 2024, and is down more than 50% over the past month-plus. STRC has been Strategy's main financing vehicle for recent Bitcoin purchases. Another perpetual preferred issue, SATA, also touched a record low near $84 on Thursday.
BTC
BTC-1.72%
51m ago
Aster solidifies #2 spot among perpetual DEXs as volumes surge, DefiLlama shows
Aster has strengthened its standing as the No. 2 perpetuals DEX. DefiLlama data at the time of writing shows @Aster_DEX ranking second behind $HYPE for perp trading volume across the 24-hour, 7-day, and 30-day windows. 24h volume: $2.442B 7d volume: $12.039B 30d volume: $62.818B Open interest stands at $1.719B, putting it ahead of nearly the entire sector. With $ASTER and @HyperliquidX dominating the landscape, the likelihood of a new challenger perp DEX emerging in the near term is fading.
HYPE
HYPE+1.09%
1h ago
Fed's Goolsbee: Core Inflation Still "Far Too High" at 2.9%
Chicago Fed President Austan Goolsbee struck a hawkish tone on June 25, warning that core inflation remains "well too high" and is "trending the wrong way." The latest reading supports his point: May 2026 core CPI rose 2.9% year over year, still well above the Federal Reserve's 2% target. The policy backdrop remains tight. At its June 17 meeting, the Federal Open Market Committee left the federal funds rate unchanged at 3.50%–3.75%. Goolsbee had already raised similar concerns days earlier. On June 22, he pointed to ongoing inflation pressure even as the labor market holds steady. Goolsbee has also cited external forces pushing prices higher, including tariffs and energy-market shocks. He has previously dissented in discussions around rate cuts, arguing for a more cautious approach, and his latest comments align with that record. A 2.9% core CPI rate implies underlying prices are increasing nearly 50% faster than the Fed's preferred zone. With the gap persisting, some FOMC members have increasingly treated the problem as more structural than transitory. Crypto markets are not immune to this setup. Goolsbee did not reference Bitcoin, Ethereum, or digital assets, but the link between Fed policy and risk-asset pricing is widely recognized. A 3.50%–3.75% policy rate is a far tighter environment than the near-zero rates that helped fuel the 2020–2021 crypto bull market. Investors are also watching the cross-currents from inflation itself. While persistent inflation can, in theory, support scarce assets like Bitcoin as purchasing power erodes, markets have often treated Bitcoin more like a high-growth tech proxy during tightening cycles. In recent years, Bitcoin's correlation with the Nasdaq has tended to be more consistent than its correlation with gold.
1h ago
Aave CEO: No 70% Discount AAVE Sales, "Aavenomics 3.0" Buybacks in the Works
June 26 (UTC+8) — Aave's CEO responded to recent community debate by stating that Aave will not sell AAVE tokens at a 70% discount. He reiterated the core principle of the "Aave Will Win" (AWW) proposal: 100% of revenue generated by the Aave protocol and the GHO stablecoin accrues to AAVE token holders. This framework applies across the product suite, including Aave App, Aave Pro, and Swaps. He added that Aave Labs, as a service provider to the Aave DAO, is responsible only for protocol development and scaling, and does not receive any share of protocol or product revenue. According to the CEO, Aave's current annualized revenue has reached $134 million, with all proceeds flowing to the Aave DAO. He also said the Aave brand and all related software intellectual property are owned by AAVE. The team is designing "Aavenomics 3.0," which will introduce a new automated, non-discretionary buyback mechanism. Additional details will be released later. The CEO said Aave's ambitions extend beyond crypto to the broader financial asset market, including real-world assets (RWA). (Source: ODAILY)
AAVE
AAVE+3.70%
1h ago
DOJ Signals Settlement Path in Antitrust Actions Targeting Apple and Visa
The U.S. Department of Justice (DOJ) typically prefers negotiated resolutions to drawn-out antitrust trials, a stance now shaping expectations around its headline cases against Apple and Visa. Apple and Visa cases in focus The DOJ filed a civil antitrust suit against Apple on March 21, 2024, alongside 16 states. Prosecutors allege Apple unlawfully maintained monopoly power in the smartphone market through restrictive rules and design choices tied to the iPhone ecosystem. On September 24, 2024, the DOJ brought a separate case against Visa, accusing the payments company of monopolizing the debit card market. The complaint points to exclusionary contracts that allegedly kept competing platforms, including Apple Pay, from gaining meaningful traction. Visa sought to have the lawsuit dismissed, but a court denied its motion to dismiss in June 2025. Fact discovery has not started, and the Visa case does not yet have a trial date. The DOJ's "90% rule" Historically, the DOJ's Antitrust Division has resolved about 90% of its matters through consent decrees rather than trials. A consent decree is a negotiated settlement in which the company typically does not admit wrongdoing, the government secures behavioral commitments or structural changes, and both sides avoid the cost and uncertainty of trial and years of appeals. What each case alleges In the Apple case, the government argues Apple intentionally limited interoperability, constrained third-party apps, and used the iPhone's position to disadvantage rivals in adjacent markets. In the Visa case, the DOJ points to contract terms and incentive programs designed to keep merchants and banks tied to Visa's debit network and to make routing transactions through other networks economically unattractive. What investors should monitor If resolved through a consent decree, Apple could face mandated App Store policy changes, interoperability requirements, or limits on how services are bundled with hardware. For Visa, a settlement could require revisions to exclusive or near-exclusive arrangements with financial institutions and merchants tied to its debit network. The DOJ's preference for settlements carries a broader signal for markets: the administration appears more focused on securing concrete behavioral changes than on pursuing courtroom wins aimed at setting landmark legal precedent.
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