Tag: News
U.S. spot Bitcoin ETFs recorded roughly $4.06 billion in net outflows in June, surpassing previous records according to SoSoValue data.
Last week alone saw $1.79 billion in redemptions, the second-highest weekly outflow since ETF inception.
Bitcoin traded near $59,800 as broader market sentiment remains cautious despite geopolitical de-escalation.
Cumulative year-to-date outflows approach $5 billion in the first half of...
Tether Putting $23 Billion Gold Stockpile to Work Through Bullion-Backed Loans With Ledn
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Tether is expanding the utility of its massive gold reserves by integrating its tokenized gold product, Tether Gold, with digital asset lending platform Ledn. The partnership will enable holders of the gold-backed token to borrow against their holdings later this year, mirroring traditional bitcoin-backed lending structures. This collaboration marks a significant step in Tether’s broader initiative to monetize what has become one of the...
OpenAI Restricts GPT-5.6 Rollout Following Trump Administration Safety Interventions
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OpenAI has introduced its next-generation GPT-5.6 model lineup but restricted initial access to roughly 20 government-approved enterprise partners.
The Trump administration requested the staggered rollout over national security anxieties, particularly regarding the models’ advanced reasoning and cybersecurity capabilities.
The intervention follows a strict regulatory clampdown that recently forced rival AI lab Anthropic to completely...
Strategy’s Michael Saylor Acknowledges ‘Volatility Test’ as STRC Preferred Shares Hit All-Time Low
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Strategy’s flagship preferred stock, STRC, plunged to an all-time low of $71.25, representing a nearly 25% discount from its targeted $100 par value. The selloff coincided with Bitcoin sliding below $59,000, pushing the company’s 847,363 BTC corporate treasury into an estimated $14 billion unrealized paper loss. Executive Chairman Michael Saylor defended the model on social media, acknowledging that market volatility tests capital...
Prediction Market Volumes Hit Record Highs as Kalshi Secures FIFA World Cup Branding Deal
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The 2026 FIFA World Cup has propelled prediction market trading volumes to historic levels, with combined volumes across top platforms surpassing $5 billion mid-tournament.
Kalshi secured extensive branding exposure for the World Cup knockout stage through a strategic partnership with ADI Predictstreet, FIFA’s official prediction market partner.
The surging interest comes as trading platforms see massive activity, with Kalshi reporting a...


