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At Cryptopolitan, we research, analyze, and deliver news—daily.
From breaking updates to in-depth analysis, educational guides, and market insights, we’re here to keep you informed with neutral and authentic news.
Thank you for trusting us to be your go-to source!
At Cryptopolitan, we research, analyze, and deliver news—daily.
From breaking updates to in-depth analysis, educational guides, and market insights, we’re here to keep you informed with neutral and authentic news.
Thank you for trusting us to be your go-to source!
From breaking updates to in-depth analysis, educational guides, and market insights, we’re here to keep you informed with neutral and authentic news.
Thank you for trusting us to be your go-to source!
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WSJ probe turns scrutiny on Polymarket as prediction markets open interest hits $1.48BEven though one of the biggest brands in the industry is facing difficult issues about how it presents itself, prediction markets are making record profits.
Prediction market open interest reached a record $1.48 billion in the week ending June 15, a second consecutive all-time high, according to a16z Crypto.
Unlike trading volume, which only monitors daily buying and selling, open interest counts the value of active bets that are still in play.
It displays the amount of money that traders are still risking. Open interest has increased sixfold in the last year, indicating that participants are seeing prediction markets as a more permanent component of trade and keeping their bets open longer.
Even though big events continue to garner attention, many traders now routinely place bets on a variety of topics, including politics, the economy, culture, cryptocurrency, and more.
Paid creators and fake profit videos
There is a lot of baggage associated with the financial high.
In order to promote its services, Polymarket allegedly bribed social media artists to publish fictitious trading and profit videos, according to the Wall Street Journal.
Polymarket flooded social media with videos that appear authentic at first glance in an effort to attract users to its unregulated website.
The Journal discovered that the corporation constructed almost identical versions of its own website and instructed developers to place fictitious wagers on those phony pages while concealing the fact that Polymarket was compensating them.
Certain clips were returned to the corporation for inspection, while others depicted large gains that never occurred.
According to the creators, Polymarket requested that they retake a film if it wasn’t thrilling enough or if it was obviously false.
They also said the company told them not to admit they were being paid, and that the money often came to $2,000 to $3,000 a month.
Many of the videos followed the same script: a creator opens Polymarket, places a bet, and calls the winnings “free money.”
According to the Journal, Polymarket engaged Virality, a marketing company, to oversee influencer initiatives. A network of social media accounts republished the videos to increase their reach.
The ad purportedly targeted American users, who may still access the website through VPNs, even though Polymarket has been prohibited from running its primary cryptocurrency platform in the United States since 2022.
In an effort to draw in new customers, Polymarket reportedly inked a multimillion-dollar contract with streamer Adin Ross.
Polymarket declared in a statement that it is “committed to maintaining accurate, fair, and transparent markets. We are part of a rapidly growing industry and are constantly evaluating ways to improve how we’re engaging and earning the trust of our audience.”
According to the corporation, a thorough analysis of the current promotional content will be conducted.
A push into pop culture
While the controversy plays out, Polymarket is trying its hand at mainstream media. Recently, it teamed up with Dear Media to launch its first podcast, “What Are the Odds?”, a weekly audio and video show that mixes pop culture news with live trading numbers.
The move pushes the company out of dry financial media and into celebrity gossip, movie releases and award show talk.
So far, Polymarket’s users have been a narrow, mostly male group.
Sports betting makes up about 39% of its trading volume, crypto about 20%, and politics another 32%.
That adds up to 91% in just three areas, leaving 9% for everything else. The new show is meant to grow that slice.
“Our partnership with Dear Media marks a new chapter in how prediction markets capture the pulse of culture around the world,” said Josh Tucker, Polymarket’s head of creative marketing.
Rather than read a script, the hosts react to live data, viewing the week’s biggest pop culture moments through the lens of betting markets. Video episodes land on YouTube every Friday, with audio versions on Spotify, Apple Podcasts and other platforms.
This push beyond traditional finance proves that despite operational friction, the market’s trajectory remains upward.
If you're reading this, you’re already ahead. Stay there with our newsletter.
WSJ probe turns scrutiny on Polymarket as prediction markets open interest hits $1.48B
Even though one of the biggest brands in the industry is facing difficult issues about how it presents itself, prediction markets are making record profits.
Prediction market open interest reached a record $1.48 billion in the week ending June 15, a second consecutive all-time high, according to a16z Crypto.
Unlike trading volume, which only monitors daily buying and selling, open interest counts the value of active bets that are still in play.
It displays the amount of money that traders are still risking. Open interest has increased sixfold in the last year, indicating that participants are seeing prediction markets as a more permanent component of trade and keeping their bets open longer.
Even though big events continue to garner attention, many traders now routinely place bets on a variety of topics, including politics, the economy, culture, cryptocurrency, and more.
Paid creators and fake profit videos
There is a lot of baggage associated with the financial high.
In order to promote its services, Polymarket allegedly bribed social media artists to publish fictitious trading and profit videos, according to the Wall Street Journal.
Polymarket flooded social media with videos that appear authentic at first glance in an effort to attract users to its unregulated website.
The Journal discovered that the corporation constructed almost identical versions of its own website and instructed developers to place fictitious wagers on those phony pages while concealing the fact that Polymarket was compensating them.
Certain clips were returned to the corporation for inspection, while others depicted large gains that never occurred.
According to the creators, Polymarket requested that they retake a film if it wasn’t thrilling enough or if it was obviously false.
They also said the company told them not to admit they were being paid, and that the money often came to $2,000 to $3,000 a month.
Many of the videos followed the same script: a creator opens Polymarket, places a bet, and calls the winnings “free money.”
According to the Journal, Polymarket engaged Virality, a marketing company, to oversee influencer initiatives. A network of social media accounts republished the videos to increase their reach.
The ad purportedly targeted American users, who may still access the website through VPNs, even though Polymarket has been prohibited from running its primary cryptocurrency platform in the United States since 2022.
In an effort to draw in new customers, Polymarket reportedly inked a multimillion-dollar contract with streamer Adin Ross.
Polymarket declared in a statement that it is “committed to maintaining accurate, fair, and transparent markets. We are part of a rapidly growing industry and are constantly evaluating ways to improve how we’re engaging and earning the trust of our audience.”
According to the corporation, a thorough analysis of the current promotional content will be conducted.
A push into pop culture
While the controversy plays out, Polymarket is trying its hand at mainstream media. Recently, it teamed up with Dear Media to launch its first podcast, “What Are the Odds?”, a weekly audio and video show that mixes pop culture news with live trading numbers.
The move pushes the company out of dry financial media and into celebrity gossip, movie releases and award show talk.
So far, Polymarket’s users have been a narrow, mostly male group.
Sports betting makes up about 39% of its trading volume, crypto about 20%, and politics another 32%.
That adds up to 91% in just three areas, leaving 9% for everything else. The new show is meant to grow that slice.
“Our partnership with Dear Media marks a new chapter in how prediction markets capture the pulse of culture around the world,” said Josh Tucker, Polymarket’s head of creative marketing.
Rather than read a script, the hosts react to live data, viewing the week’s biggest pop culture moments through the lens of betting markets. Video episodes land on YouTube every Friday, with audio versions on Spotify, Apple Podcasts and other platforms.
This push beyond traditional finance proves that despite operational friction, the market’s trajectory remains upward.
If you're reading this, you’re already ahead. Stay there with our newsletter.
Prediction market open interest reached a record $1.48 billion in the week ending June 15, a second consecutive all-time high, according to a16z Crypto.
Unlike trading volume, which only monitors daily buying and selling, open interest counts the value of active bets that are still in play.
It displays the amount of money that traders are still risking. Open interest has increased sixfold in the last year, indicating that participants are seeing prediction markets as a more permanent component of trade and keeping their bets open longer.
Even though big events continue to garner attention, many traders now routinely place bets on a variety of topics, including politics, the economy, culture, cryptocurrency, and more.
Paid creators and fake profit videos
There is a lot of baggage associated with the financial high.
In order to promote its services, Polymarket allegedly bribed social media artists to publish fictitious trading and profit videos, according to the Wall Street Journal.
Polymarket flooded social media with videos that appear authentic at first glance in an effort to attract users to its unregulated website.
The Journal discovered that the corporation constructed almost identical versions of its own website and instructed developers to place fictitious wagers on those phony pages while concealing the fact that Polymarket was compensating them.
Certain clips were returned to the corporation for inspection, while others depicted large gains that never occurred.
According to the creators, Polymarket requested that they retake a film if it wasn’t thrilling enough or if it was obviously false.
They also said the company told them not to admit they were being paid, and that the money often came to $2,000 to $3,000 a month.
Many of the videos followed the same script: a creator opens Polymarket, places a bet, and calls the winnings “free money.”
According to the Journal, Polymarket engaged Virality, a marketing company, to oversee influencer initiatives. A network of social media accounts republished the videos to increase their reach.
The ad purportedly targeted American users, who may still access the website through VPNs, even though Polymarket has been prohibited from running its primary cryptocurrency platform in the United States since 2022.
In an effort to draw in new customers, Polymarket reportedly inked a multimillion-dollar contract with streamer Adin Ross.
Polymarket declared in a statement that it is “committed to maintaining accurate, fair, and transparent markets. We are part of a rapidly growing industry and are constantly evaluating ways to improve how we’re engaging and earning the trust of our audience.”
According to the corporation, a thorough analysis of the current promotional content will be conducted.
A push into pop culture
While the controversy plays out, Polymarket is trying its hand at mainstream media. Recently, it teamed up with Dear Media to launch its first podcast, “What Are the Odds?”, a weekly audio and video show that mixes pop culture news with live trading numbers.
The move pushes the company out of dry financial media and into celebrity gossip, movie releases and award show talk.
So far, Polymarket’s users have been a narrow, mostly male group.
Sports betting makes up about 39% of its trading volume, crypto about 20%, and politics another 32%.
That adds up to 91% in just three areas, leaving 9% for everything else. The new show is meant to grow that slice.
“Our partnership with Dear Media marks a new chapter in how prediction markets capture the pulse of culture around the world,” said Josh Tucker, Polymarket’s head of creative marketing.
Rather than read a script, the hosts react to live data, viewing the week’s biggest pop culture moments through the lens of betting markets. Video episodes land on YouTube every Friday, with audio versions on Spotify, Apple Podcasts and other platforms.
This push beyond traditional finance proves that despite operational friction, the market’s trajectory remains upward.
If you're reading this, you’re already ahead. Stay there with our newsletter.
190
Japan pension fund to allocate 1% of assets to cryptoThe National Business Enterprise Pension Fund, a Japan-based fund covering 1,200 small- and mid-sized companies, announced it will allocate about 1% of its assets to crypto starting in FY2026. The Japanese-based firm has over 20,000 participants and manages over 21.3 billion yen.
The Japanese-based pension fund will allocate 1% of its total assets to digital assets through a passive fund that tracks a basket of cryptocurrencies. The digital assets portfolio will be managed by a large hedge fund rather than the pension fund itself.
Analysts view this step as a significant milestone for crypto. Over the years, the Japanese Government Pension Investment Fund has toyed with the idea of investing in Bitcoin. This milestone could be the final trigger, exposing the trillion-dollar pension industry to Bitcoin and other digital assets.
Japanese pension fund turns to crypto for currency diversification
According to reports, the Japanese pension fund held over 80% yen, 15% dollars, and 5% other currencies in its currency portfolio in the fiscal year 2025. For FY2026, the firm will cut its exposure to yen, reducing the allocation to 70% and allocating the remaining 10% to currencies in developed markets, with 5% split across emerging market currencies, gold, and crypto.
The chief investment officer, Kiguchi Aitomo, justified the move, citing the continuous weakening of the U.S dollar as a reason for diversification. The decision is a unique twist on how institutions view Bitcoin and other cryptocurrencies, which have been widely accepted as speculative assets.
According to the CIO, the fund isn’t necessarily betting on Bitcoin as an appreciative asset. It is treating Bitcoin as a currency, just like the USD, and adding it to its portfolio as one of the multiple currencies serving as a hedging tool. The fund highlighted Bitcoin’s near-zero correlation with the dollar as a source of resilience against currency depreciation.
Kiguchi Aitomo revealed that the fund had been studying Bitcoin for over six years before deciding to allocate funds to it. He argued that the crypto industry has matured and now has a broader base of investors. The pension fund is reportedly also considering funds that pursue arbitrage strategies across multiple cryptocurrencies.
Japan plays catch-up in crypto regulation
Osaka Exchange, a subsidiary of Japan Exchange Group, has said it plans to launch Bitcoin futures in 2028, timed to coincide with the expected domestic approval of spot Bitcoin ETFs. Exchange president Akira Tagaya told Nikkei that once spot ETFs are cleared, futures must follow suit.
The spot-ETF approval itself depends on the Financial Services Agency revising investment trust rules to formally classify crypto as a “specified asset” that funds are allowed to hold, a change the FSA is targeting for 2028.
Another bill reclassifying crypto as a financial instrument under Japan’s Financial Instruments and Exchange Act, rather than treating it under the payment services law as it is now, cleared the lower house of the Diet on June 11 and is headed to the upper house.
If it passes, crypto gains would shift from being taxed as miscellaneous income at rates up to 55% to a flat 20% separate self-assessment rate, the same treatment stocks already get.
The smartest crypto minds already read our newsletter. Want in? Join them.
Japan pension fund to allocate 1% of assets to crypto
The National Business Enterprise Pension Fund, a Japan-based fund covering 1,200 small- and mid-sized companies, announced it will allocate about 1% of its assets to crypto starting in FY2026. The Japanese-based firm has over 20,000 participants and manages over 21.3 billion yen.
The Japanese-based pension fund will allocate 1% of its total assets to digital assets through a passive fund that tracks a basket of cryptocurrencies. The digital assets portfolio will be managed by a large hedge fund rather than the pension fund itself.
Analysts view this step as a significant milestone for crypto. Over the years, the Japanese Government Pension Investment Fund has toyed with the idea of investing in Bitcoin. This milestone could be the final trigger, exposing the trillion-dollar pension industry to Bitcoin and other digital assets.
Japanese pension fund turns to crypto for currency diversification
According to reports, the Japanese pension fund held over 80% yen, 15% dollars, and 5% other currencies in its currency portfolio in the fiscal year 2025. For FY2026, the firm will cut its exposure to yen, reducing the allocation to 70% and allocating the remaining 10% to currencies in developed markets, with 5% split across emerging market currencies, gold, and crypto.
The chief investment officer, Kiguchi Aitomo, justified the move, citing the continuous weakening of the U.S dollar as a reason for diversification. The decision is a unique twist on how institutions view Bitcoin and other cryptocurrencies, which have been widely accepted as speculative assets.
According to the CIO, the fund isn’t necessarily betting on Bitcoin as an appreciative asset. It is treating Bitcoin as a currency, just like the USD, and adding it to its portfolio as one of the multiple currencies serving as a hedging tool. The fund highlighted Bitcoin’s near-zero correlation with the dollar as a source of resilience against currency depreciation.
Kiguchi Aitomo revealed that the fund had been studying Bitcoin for over six years before deciding to allocate funds to it. He argued that the crypto industry has matured and now has a broader base of investors. The pension fund is reportedly also considering funds that pursue arbitrage strategies across multiple cryptocurrencies.
Japan plays catch-up in crypto regulation
Osaka Exchange, a subsidiary of Japan Exchange Group, has said it plans to launch Bitcoin futures in 2028, timed to coincide with the expected domestic approval of spot Bitcoin ETFs. Exchange president Akira Tagaya told Nikkei that once spot ETFs are cleared, futures must follow suit.
The spot-ETF approval itself depends on the Financial Services Agency revising investment trust rules to formally classify crypto as a “specified asset” that funds are allowed to hold, a change the FSA is targeting for 2028.
Another bill reclassifying crypto as a financial instrument under Japan’s Financial Instruments and Exchange Act, rather than treating it under the payment services law as it is now, cleared the lower house of the Diet on June 11 and is headed to the upper house.
If it passes, crypto gains would shift from being taxed as miscellaneous income at rates up to 55% to a flat 20% separate self-assessment rate, the same treatment stocks already get.
The smartest crypto minds already read our newsletter. Want in? Join them.
The Japanese-based pension fund will allocate 1% of its total assets to digital assets through a passive fund that tracks a basket of cryptocurrencies. The digital assets portfolio will be managed by a large hedge fund rather than the pension fund itself.
Analysts view this step as a significant milestone for crypto. Over the years, the Japanese Government Pension Investment Fund has toyed with the idea of investing in Bitcoin. This milestone could be the final trigger, exposing the trillion-dollar pension industry to Bitcoin and other digital assets.
Japanese pension fund turns to crypto for currency diversification
According to reports, the Japanese pension fund held over 80% yen, 15% dollars, and 5% other currencies in its currency portfolio in the fiscal year 2025. For FY2026, the firm will cut its exposure to yen, reducing the allocation to 70% and allocating the remaining 10% to currencies in developed markets, with 5% split across emerging market currencies, gold, and crypto.
The chief investment officer, Kiguchi Aitomo, justified the move, citing the continuous weakening of the U.S dollar as a reason for diversification. The decision is a unique twist on how institutions view Bitcoin and other cryptocurrencies, which have been widely accepted as speculative assets.
According to the CIO, the fund isn’t necessarily betting on Bitcoin as an appreciative asset. It is treating Bitcoin as a currency, just like the USD, and adding it to its portfolio as one of the multiple currencies serving as a hedging tool. The fund highlighted Bitcoin’s near-zero correlation with the dollar as a source of resilience against currency depreciation.
Kiguchi Aitomo revealed that the fund had been studying Bitcoin for over six years before deciding to allocate funds to it. He argued that the crypto industry has matured and now has a broader base of investors. The pension fund is reportedly also considering funds that pursue arbitrage strategies across multiple cryptocurrencies.
Japan plays catch-up in crypto regulation
Osaka Exchange, a subsidiary of Japan Exchange Group, has said it plans to launch Bitcoin futures in 2028, timed to coincide with the expected domestic approval of spot Bitcoin ETFs. Exchange president Akira Tagaya told Nikkei that once spot ETFs are cleared, futures must follow suit.
The spot-ETF approval itself depends on the Financial Services Agency revising investment trust rules to formally classify crypto as a “specified asset” that funds are allowed to hold, a change the FSA is targeting for 2028.
Another bill reclassifying crypto as a financial instrument under Japan’s Financial Instruments and Exchange Act, rather than treating it under the payment services law as it is now, cleared the lower house of the Diet on June 11 and is headed to the upper house.
If it passes, crypto gains would shift from being taxed as miscellaneous income at rates up to 55% to a flat 20% separate self-assessment rate, the same treatment stocks already get.
The smartest crypto minds already read our newsletter. Want in? Join them.
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Maqola
Dogecoin price prediction 2026-2032: DOGE to the moon?Key takeaways:
DOGE price may reach $0.152 by the end of 2026.
By 2028, DOGE may potentially achieve a peak price of $0.249.
By 2032, DOGE might touch $0.526 with an average trading price of $0.494.
Propelled by a dedicated community of part-time developers and enthusiastic internet supporters, Dogecoin is poised for significant growth in the coming years. Despite relying on borrowed code due to limited resources, its popularity continues to soar, with tens of thousands of social media followers advocating for supply limitations. However, the Dogecoin ecosystem is expected to develop and expand over time. Having touched its ATH at $0.7376, will DOGE reach $1?
Let’s get into the Dogecoin price prediction and technical analysis.
Overview
Cryptocurrency
Dogecoin
Token
DOGE
Price
$0.0833 (-0.61%)
Market Cap
$14.2B
Trading Volume (24-hour)
$305.46M
Circulating Supply
170.46B DOGE
All-time High
$0.7316 May 08, 2021
All-time Low
$0.00008547 May 07, 2015
24-hour High
$0.08395
24-hour Low
$0.08269
Dogecoin price prediction: Technical analysis
Current Price
$0.0833
Price Prediction
$0.08930(6.92%)
Fear & Greed Index
23 (Extreme Fear)
Sentiment
Bearish
Volatility
8.42%
Green Days
11/30 (37%)
50-Day SMA
$0.09869
Dogecoin price analysis
TL;DR Breakdown:
Dogecoin price analysis shows a downward trend with the price heading toward $0.0833.
The coin reports 0.61% losses in its value for the past 24 hours.
The DOGE coin faces immediate resistance around the $0.0858 level.
As of June 21, 2026, Dogecoin’s price analysis reveals a downward trend. The memecoin is currently trading at $0.0833, showing a 0.61% decrease over the last 24 hours. The ongoing correction is largely a result of selling pressure that formed after some degree of bullish price action over the past two days. The current situation suggests that selling pressure still exists above the current price level, as the memecoin still faces immediate resistance at $0.0858.
Dogecoin 1-day price chart analysis
The one-day chart for Dogecoin indicates that it is facing pressure from the sellers’ side. The memecoin’s price decreased to $0.0833 today, with a fresh red candlestick signaling localized seller dominance. The immediate resistance for Dogecoin is also present at the $0.0858 level, followed by another resistance at $0.0870.
DOGE/USD 1-day price chart. Source: TradingView
The distance between the Bollinger Bands defines the intensity of volatility. This distance is not too wide, leading to comparatively mild volatility levels. Moreover, the upper limit of the Bollinger Bands indicator, indicating the resistance level, has shifted to $0.0917, whereas its lower limit, indicating support, has moved to $0.0801.
Multiple technical quantitative indicators are bearish, and the Relative Strength Index (RSI) indicator is trending in the lower neutral region, as the indicator’s curve has reached 33 in the past 24 hours. As the indicator moves downwards, it hints at the presence of selling momentum, as market conditions turn unfavorable.
DOGE/USD 4-hour price analysis
Selling pressure is present below the SMA, which is evident from the appearance of red candlesticks, as bears are trying to continue their lead. The DOGE/USD pair is facing mild volatility as it approaches the $0.0833 level. This comparatively mild volatility signals less volatile price movements in the coming hours. The increasing number of selling positions is currently pushing the DOGE price down, after facing the most recent rejection at $0.0842.
DOGE/USD 4-hour price chart. Source: TradingView
The Bollinger Bands are slowly converging, and the distance between them is not too wide, as the volatility levels are mild. This situation signifies decreased market movements. The upper Bollinger Band is now at $0.0846, which indicates a resistance level. Conversely, the lower Bollinger Band is at $0.0819, showing the support level.
The Fear and Greed Index, a price prediction tool, shows a reading of 23 (Extreme Fear), and the RSI indicator is in the neutral region on the 4-hour chart as well. Over the last four hours, its value has decreased to 43. This situation hints at the balance of power towards the selling side, and further depreciation seems possible if bears succeed in a break below the current price level of $0.0833.
Dogecoin technical indicators: Levels and action
Daily simple moving average (SMA)
Period
Value ($)
Action
SMA 3
0.08339
SELL
SMA 5
0.08463
SELL
SMA 10
0.08597
SELL
SMA 21
0.08739
SELL
SMA 50
0.09869
SELL
SMA 100
0.09694
SELL
SMA 200
0.1077
SELL
Daily exponential moving average (EMA)
Period
Value ($)
Action
EMA 3
0.08385
SELL
EMA 5
0.08443
SELL
EMA 10
0.08550
SELL
EMA 21
0.08841
SELL
EMA 50
0.09376
SELL
EMA 100
0.09904
SELL
EMA 200
0.1143
SELL
What can you expect from the DOGE price analysis next?
Dogecoin price analysis gives a bearish prediction following current market sentiment. The coin’s value decreased from $0.0842 to $0.0833, in the past 24 hours. If bears continue their lead and overwhelm the market, DOGE’s price might trigger a downward trend and retest the $0.0800 support. Conversely, if the bullish trend returns, the meme coin may jump to the $0.0890 resistance zone.
Is DOGE a good investment?
Dogecoin has strong potential for growth due to its high adoption and strong community. However, DOGE is highly volatile, and its unlimited supply raises questions about its future price. Social media news and trends also highly affect the meme coin, so diversification and your own research are advised. The coin is expected to touch the $0.237181–$0.301867 level by 2027.
Why is DOGE down?
DOGE’s price has been trading at $0.0833 over the last 24 hours, with selling pressure resurging. After the DOGE price found resistance around local highs, sellers took control and are pushing the price toward support levels once again.
What is the expected value of Dogecoin in 2026?
Dogecoin is expected to trade at an average price of $0.132 in 2026.
Will DOGE reach $0.50?
If the broader cryptocurrency market turns bullish, DOGE will join the rally. As a meme coin, it runs mostly on positive speculation. It’s expected that the coin will touch this level by November 2031, which makes it worth the effort to explore Dogecoin.
Will DOGE reach $1?
Considering Dogecoin’s current value, $1 is still a far-reaching target. However, robust community support can push this meme coin near $1, but not before 2032. However, this is not investment advice, and one must seek professional consultation or carry out their own research to create an investment strategy. As all cryptocurrency investments carry risk, due to the market volatility that may affect the future performance of the crypto assets.
Will DOGE hit $10?
Despite the risk involved with meme-based crypto pairs like Dogecoin, they can still shoot up on positive momentum. However, the market speculates that DOGE cannot reach the $10 level in the foreseeable future.
How much is $500 worth of Dogecoin right now?
$500 is worth nearly 5,595 DOGE in June; however, this amount changes based on day-to-day price fluctuations.
Does DOGE have a good long-term future?
Most well-known altcoins are trading at lower levels, and looking at DOGE, it’s also trading below its average price of the last year. Currently, the coin is trading below the previous year’s peak price of $0.434, which was observed in January 2025, but the trend is expected to change, and a positive outbreak can be expected. The DOGE/USD pair is expected to reach the $0.526 mark by 2032, so it can be a good decision to buy Dogecoin, and also holding it for longer can be beneficial.
According to market trackers like Wallet Investor, technical factors and fundamental factors, such as growing real-world utility in decentralized finance and rising on-chain activity, are expected to drive future price spikes across the memecoin sector. Shifting macroeconomic conditions and growing institutional investors’ risk appetite will heavily influence this long-term investment decision to buy DOGE.
Recent news/opinions on Dogecoin
Cryptopolitan reported that House of Doge partnered with Paxos to integrate Dogecoin into the infrastructure that powers PayPal, Venmo, Interactive Brokers, and other platforms. The deal gives DOGE an avenue to hundreds of millions of users.
Dogecoin integrates with Paxos for massive adoption.
Dogecoin price prediction June 2026
In June 2026, DOGE could maintain a trading range of $0.0651 to $0.115. The current forecast for Dogecoin suggests an average price of $0.092.
DOGE price prediction
Minimum price
Average price
Maximum price
DOGE price prediction June 2026
$0.0651
$0.092
$0.115
Dogecoin price prediction 2026
In 2026, DOGE could maintain a trading range of $0.0619 to $0.152, with an average price of $0.132.
DOGE price prediction
Minimum price
Average price
Maximum price
DOGE price prediction 2026
$0.0619
$0.132
$0.152
Dogecoin price predictions 2027 – 2032
Year
Minimum price
Average price
Maximum price
2027
$0.167
$0.191
$0.202
2028
$0.216
$0.232
$0.249
2029
$0.268
$0.287
$0.313
2030
$0.335
$0.362
$0.394
2031
$0.417
$0.434
$0.454
2032
$0.473
$0.494
$0.526
Dogecoin price prediction 2027
Dogecoin’s forecast for 2027 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.202 in a bullish case, an average trading price of $0.191, and a minimum price of $0.167.
Dogecoin price prediction 2028
In 2028, DOGE could reach a maximum price of $0.249, an average trading price of $0.232, and a minimum price of $0.216, which is quite higher than the current Dogecoin price.
Dogecoin price prediction 2029
According to the DOGE forecast for 2029, traders can expect a maximum predicted price of $0.313, an average trading price of $0.287, and a lowest closing price of $0.268.
Dogecoin price prediction 2030
Dogecoin’s forecast for 2030 presents a positive outlook for the memecoin. The maximum expected price is $0.394, with an average trading price of $0.362. The predicted minimum price for Dogecoin is $0.335.
Dogecoin price prediction 2031
According to the Dogecoin price forecast for 2031, traders and investors can anticipate a maximum market value of $0.454, a minimum price of $0.417, and an average trading price of $0.434.
Dogecoin price prediction 2032
According to the Dogecoin price forecast for 2032, traders can expect minimum and maximum prices of $0.473 and $0.526 and an expected average DOGE price of $0.494 in a long term outlook.
Dogecoin price prediction 2026-2032. Source: Cryptopolitan
Dogecoin market price prediction: Analysts’ DOGE price forecast
Firm Name
2026
2027
DigitalCoinPrice
$0.0996
$0.13
CoinPedia
$1.25
$1.50
Cryptopolitan’s Dogecoin (DOGE) price prediction
Cryptopolitan’s Dogecoin price predictions for 2026 suggest a minimum of $0.0619, an average of $0.132, and a maximum of $0.202. Our analysis shows that DOGE could cross $0.526 by 2032.
Dogecoin historic price sentiment
DOGE price history. Chart by Coinmarketcap
2013 was the beginning of Dogecoin, and it surged to $0.0004 in the first days of trading. By March 2014, the coin attempted a breach of $0.001 but failed, closing the year at $0.0001.
In the subsequent years, Dogecoin faced immense competition from new coins, including Stellar, Neo, and Monero, which dragged the coin’s price further down.
According to the Dogecoin historical market records, it traded in a strict range of $0.002 to $0.0036 for most of 2019.
In January 2021, DOGE saw significant gains, closing the month at $0.037. Subsequently, Dogecoin attained an ATH of $0.7376 on May 8, 2021, but lost 76% of its value, closing the year at $0.1703.
In 2022, Dogecoin maintained an average market price of about $0.07. The coin began trading around $0.08 in 2023 and closed the year at $0.08955, maintaining its market capitalization, as per crypto market records.
In 2024, Dogecoin (DOGE) began consolidating around $0.08, surged above $0.2 during March’s bull run, fluctuated between $0.1011 and $0.1759 through mid-year, spiked to $0.4312 in November, and ended the year at $0.314.
In January 2025, DOGE clocked the highest price of $0.41; however, after shedding 38% value, it stepped down to $0.258 in February.
In March, DOGE’s value decreased further as it dipped to the $0.20 range, and April saw the lowest DOGE price of $0.142. However, in May, the meme coin recovered to the $0.249 mark, as the bearish momentum faded.
On July 20, 2025, Dogecoin peaked at $0.274, and at the start of August, DOGE was trending near $0.214.
At the start of October, Doge was trading above $0.21, and at the start of November, it hovered near $0.187.
By the end of December, the price of the memecoin declined toward $0.122, as Dogecoin’s price movements were in a downward direction mostly.
At the start of 2026, Dogecoin was trading near $0.118, and in March it came down to $0.093; the current DOGE sentiment is bearish.
In April, Dogecoin was maintaining its price channel, trending near $0.090, and in May, it increased to $0.118, but at the start of June, it decreased to $0.089, as the current market shows bearish sentiment.
Dogecoin price prediction 2026-2032: DOGE to the moon?
Key takeaways:
DOGE price may reach $0.152 by the end of 2026.
By 2028, DOGE may potentially achieve a peak price of $0.249.
By 2032, DOGE might touch $0.526 with an average trading price of $0.494.
Propelled by a dedicated community of part-time developers and enthusiastic internet supporters, Dogecoin is poised for significant growth in the coming years. Despite relying on borrowed code due to limited resources, its popularity continues to soar, with tens of thousands of social media followers advocating for supply limitations. However, the Dogecoin ecosystem is expected to develop and expand over time. Having touched its ATH at $0.7376, will DOGE reach $1?
Let’s get into the Dogecoin price prediction and technical analysis.
Overview
Cryptocurrency
Dogecoin
Token
DOGE
Price
$0.0833 (-0.61%)
Market Cap
$14.2B
Trading Volume (24-hour)
$305.46M
Circulating Supply
170.46B DOGE
All-time High
$0.7316 May 08, 2021
All-time Low
$0.00008547 May 07, 2015
24-hour High
$0.08395
24-hour Low
$0.08269
Dogecoin price prediction: Technical analysis
Current Price
$0.0833
Price Prediction
$0.08930(6.92%)
Fear & Greed Index
23 (Extreme Fear)
Sentiment
Bearish
Volatility
8.42%
Green Days
11/30 (37%)
50-Day SMA
$0.09869
Dogecoin price analysis
TL;DR Breakdown:
Dogecoin price analysis shows a downward trend with the price heading toward $0.0833.
The coin reports 0.61% losses in its value for the past 24 hours.
The DOGE coin faces immediate resistance around the $0.0858 level.
As of June 21, 2026, Dogecoin’s price analysis reveals a downward trend. The memecoin is currently trading at $0.0833, showing a 0.61% decrease over the last 24 hours. The ongoing correction is largely a result of selling pressure that formed after some degree of bullish price action over the past two days. The current situation suggests that selling pressure still exists above the current price level, as the memecoin still faces immediate resistance at $0.0858.
Dogecoin 1-day price chart analysis
The one-day chart for Dogecoin indicates that it is facing pressure from the sellers’ side. The memecoin’s price decreased to $0.0833 today, with a fresh red candlestick signaling localized seller dominance. The immediate resistance for Dogecoin is also present at the $0.0858 level, followed by another resistance at $0.0870.
DOGE/USD 1-day price chart. Source: TradingView
The distance between the Bollinger Bands defines the intensity of volatility. This distance is not too wide, leading to comparatively mild volatility levels. Moreover, the upper limit of the Bollinger Bands indicator, indicating the resistance level, has shifted to $0.0917, whereas its lower limit, indicating support, has moved to $0.0801.
Multiple technical quantitative indicators are bearish, and the Relative Strength Index (RSI) indicator is trending in the lower neutral region, as the indicator’s curve has reached 33 in the past 24 hours. As the indicator moves downwards, it hints at the presence of selling momentum, as market conditions turn unfavorable.
DOGE/USD 4-hour price analysis
Selling pressure is present below the SMA, which is evident from the appearance of red candlesticks, as bears are trying to continue their lead. The DOGE/USD pair is facing mild volatility as it approaches the $0.0833 level. This comparatively mild volatility signals less volatile price movements in the coming hours. The increasing number of selling positions is currently pushing the DOGE price down, after facing the most recent rejection at $0.0842.
DOGE/USD 4-hour price chart. Source: TradingView
The Bollinger Bands are slowly converging, and the distance between them is not too wide, as the volatility levels are mild. This situation signifies decreased market movements. The upper Bollinger Band is now at $0.0846, which indicates a resistance level. Conversely, the lower Bollinger Band is at $0.0819, showing the support level.
The Fear and Greed Index, a price prediction tool, shows a reading of 23 (Extreme Fear), and the RSI indicator is in the neutral region on the 4-hour chart as well. Over the last four hours, its value has decreased to 43. This situation hints at the balance of power towards the selling side, and further depreciation seems possible if bears succeed in a break below the current price level of $0.0833.
Dogecoin technical indicators: Levels and action
Daily simple moving average (SMA)
Period
Value ($)
Action
SMA 3
0.08339
SELL
SMA 5
0.08463
SELL
SMA 10
0.08597
SELL
SMA 21
0.08739
SELL
SMA 50
0.09869
SELL
SMA 100
0.09694
SELL
SMA 200
0.1077
SELL
Daily exponential moving average (EMA)
Period
Value ($)
Action
EMA 3
0.08385
SELL
EMA 5
0.08443
SELL
EMA 10
0.08550
SELL
EMA 21
0.08841
SELL
EMA 50
0.09376
SELL
EMA 100
0.09904
SELL
EMA 200
0.1143
SELL
What can you expect from the DOGE price analysis next?
Dogecoin price analysis gives a bearish prediction following current market sentiment. The coin’s value decreased from $0.0842 to $0.0833, in the past 24 hours. If bears continue their lead and overwhelm the market, DOGE’s price might trigger a downward trend and retest the $0.0800 support. Conversely, if the bullish trend returns, the meme coin may jump to the $0.0890 resistance zone.
Is DOGE a good investment?
Dogecoin has strong potential for growth due to its high adoption and strong community. However, DOGE is highly volatile, and its unlimited supply raises questions about its future price. Social media news and trends also highly affect the meme coin, so diversification and your own research are advised. The coin is expected to touch the $0.237181–$0.301867 level by 2027.
Why is DOGE down?
DOGE’s price has been trading at $0.0833 over the last 24 hours, with selling pressure resurging. After the DOGE price found resistance around local highs, sellers took control and are pushing the price toward support levels once again.
What is the expected value of Dogecoin in 2026?
Dogecoin is expected to trade at an average price of $0.132 in 2026.
Will DOGE reach $0.50?
If the broader cryptocurrency market turns bullish, DOGE will join the rally. As a meme coin, it runs mostly on positive speculation. It’s expected that the coin will touch this level by November 2031, which makes it worth the effort to explore Dogecoin.
Will DOGE reach $1?
Considering Dogecoin’s current value, $1 is still a far-reaching target. However, robust community support can push this meme coin near $1, but not before 2032. However, this is not investment advice, and one must seek professional consultation or carry out their own research to create an investment strategy. As all cryptocurrency investments carry risk, due to the market volatility that may affect the future performance of the crypto assets.
Will DOGE hit $10?
Despite the risk involved with meme-based crypto pairs like Dogecoin, they can still shoot up on positive momentum. However, the market speculates that DOGE cannot reach the $10 level in the foreseeable future.
How much is $500 worth of Dogecoin right now?
$500 is worth nearly 5,595 DOGE in June; however, this amount changes based on day-to-day price fluctuations.
Does DOGE have a good long-term future?
Most well-known altcoins are trading at lower levels, and looking at DOGE, it’s also trading below its average price of the last year. Currently, the coin is trading below the previous year’s peak price of $0.434, which was observed in January 2025, but the trend is expected to change, and a positive outbreak can be expected. The DOGE/USD pair is expected to reach the $0.526 mark by 2032, so it can be a good decision to buy Dogecoin, and also holding it for longer can be beneficial.
According to market trackers like Wallet Investor, technical factors and fundamental factors, such as growing real-world utility in decentralized finance and rising on-chain activity, are expected to drive future price spikes across the memecoin sector. Shifting macroeconomic conditions and growing institutional investors’ risk appetite will heavily influence this long-term investment decision to buy DOGE.
Recent news/opinions on Dogecoin
Cryptopolitan reported that House of Doge partnered with Paxos to integrate Dogecoin into the infrastructure that powers PayPal, Venmo, Interactive Brokers, and other platforms. The deal gives DOGE an avenue to hundreds of millions of users.
Dogecoin integrates with Paxos for massive adoption.
Dogecoin price prediction June 2026
In June 2026, DOGE could maintain a trading range of $0.0651 to $0.115. The current forecast for Dogecoin suggests an average price of $0.092.
DOGE price prediction
Minimum price
Average price
Maximum price
DOGE price prediction June 2026
$0.0651
$0.092
$0.115
Dogecoin price prediction 2026
In 2026, DOGE could maintain a trading range of $0.0619 to $0.152, with an average price of $0.132.
DOGE price prediction
Minimum price
Average price
Maximum price
DOGE price prediction 2026
$0.0619
$0.132
$0.152
Dogecoin price predictions 2027 – 2032
Year
Minimum price
Average price
Maximum price
2027
$0.167
$0.191
$0.202
2028
$0.216
$0.232
$0.249
2029
$0.268
$0.287
$0.313
2030
$0.335
$0.362
$0.394
2031
$0.417
$0.434
$0.454
2032
$0.473
$0.494
$0.526
Dogecoin price prediction 2027
Dogecoin’s forecast for 2027 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.202 in a bullish case, an average trading price of $0.191, and a minimum price of $0.167.
Dogecoin price prediction 2028
In 2028, DOGE could reach a maximum price of $0.249, an average trading price of $0.232, and a minimum price of $0.216, which is quite higher than the current Dogecoin price.
Dogecoin price prediction 2029
According to the DOGE forecast for 2029, traders can expect a maximum predicted price of $0.313, an average trading price of $0.287, and a lowest closing price of $0.268.
Dogecoin price prediction 2030
Dogecoin’s forecast for 2030 presents a positive outlook for the memecoin. The maximum expected price is $0.394, with an average trading price of $0.362. The predicted minimum price for Dogecoin is $0.335.
Dogecoin price prediction 2031
According to the Dogecoin price forecast for 2031, traders and investors can anticipate a maximum market value of $0.454, a minimum price of $0.417, and an average trading price of $0.434.
Dogecoin price prediction 2032
According to the Dogecoin price forecast for 2032, traders can expect minimum and maximum prices of $0.473 and $0.526 and an expected average DOGE price of $0.494 in a long term outlook.
Dogecoin price prediction 2026-2032. Source: Cryptopolitan
Dogecoin market price prediction: Analysts’ DOGE price forecast
Firm Name
2026
2027
DigitalCoinPrice
$0.0996
$0.13
CoinPedia
$1.25
$1.50
Cryptopolitan’s Dogecoin (DOGE) price prediction
Cryptopolitan’s Dogecoin price predictions for 2026 suggest a minimum of $0.0619, an average of $0.132, and a maximum of $0.202. Our analysis shows that DOGE could cross $0.526 by 2032.
Dogecoin historic price sentiment
DOGE price history. Chart by Coinmarketcap
2013 was the beginning of Dogecoin, and it surged to $0.0004 in the first days of trading. By March 2014, the coin attempted a breach of $0.001 but failed, closing the year at $0.0001.
In the subsequent years, Dogecoin faced immense competition from new coins, including Stellar, Neo, and Monero, which dragged the coin’s price further down.
According to the Dogecoin historical market records, it traded in a strict range of $0.002 to $0.0036 for most of 2019.
In January 2021, DOGE saw significant gains, closing the month at $0.037. Subsequently, Dogecoin attained an ATH of $0.7376 on May 8, 2021, but lost 76% of its value, closing the year at $0.1703.
In 2022, Dogecoin maintained an average market price of about $0.07. The coin began trading around $0.08 in 2023 and closed the year at $0.08955, maintaining its market capitalization, as per crypto market records.
In 2024, Dogecoin (DOGE) began consolidating around $0.08, surged above $0.2 during March’s bull run, fluctuated between $0.1011 and $0.1759 through mid-year, spiked to $0.4312 in November, and ended the year at $0.314.
In January 2025, DOGE clocked the highest price of $0.41; however, after shedding 38% value, it stepped down to $0.258 in February.
In March, DOGE’s value decreased further as it dipped to the $0.20 range, and April saw the lowest DOGE price of $0.142. However, in May, the meme coin recovered to the $0.249 mark, as the bearish momentum faded.
On July 20, 2025, Dogecoin peaked at $0.274, and at the start of August, DOGE was trending near $0.214.
At the start of October, Doge was trading above $0.21, and at the start of November, it hovered near $0.187.
By the end of December, the price of the memecoin declined toward $0.122, as Dogecoin’s price movements were in a downward direction mostly.
At the start of 2026, Dogecoin was trading near $0.118, and in March it came down to $0.093; the current DOGE sentiment is bearish.
In April, Dogecoin was maintaining its price channel, trending near $0.090, and in May, it increased to $0.118, but at the start of June, it decreased to $0.089, as the current market shows bearish sentiment.
DOGE price may reach $0.152 by the end of 2026.
By 2028, DOGE may potentially achieve a peak price of $0.249.
By 2032, DOGE might touch $0.526 with an average trading price of $0.494.
Propelled by a dedicated community of part-time developers and enthusiastic internet supporters, Dogecoin is poised for significant growth in the coming years. Despite relying on borrowed code due to limited resources, its popularity continues to soar, with tens of thousands of social media followers advocating for supply limitations. However, the Dogecoin ecosystem is expected to develop and expand over time. Having touched its ATH at $0.7376, will DOGE reach $1?
Let’s get into the Dogecoin price prediction and technical analysis.
Overview
Cryptocurrency
Dogecoin
Token
DOGE
Price
$0.0833 (-0.61%)
Market Cap
$14.2B
Trading Volume (24-hour)
$305.46M
Circulating Supply
170.46B DOGE
All-time High
$0.7316 May 08, 2021
All-time Low
$0.00008547 May 07, 2015
24-hour High
$0.08395
24-hour Low
$0.08269
Dogecoin price prediction: Technical analysis
Current Price
$0.0833
Price Prediction
$0.08930(6.92%)
Fear & Greed Index
23 (Extreme Fear)
Sentiment
Bearish
Volatility
8.42%
Green Days
11/30 (37%)
50-Day SMA
$0.09869
Dogecoin price analysis
TL;DR Breakdown:
Dogecoin price analysis shows a downward trend with the price heading toward $0.0833.
The coin reports 0.61% losses in its value for the past 24 hours.
The DOGE coin faces immediate resistance around the $0.0858 level.
As of June 21, 2026, Dogecoin’s price analysis reveals a downward trend. The memecoin is currently trading at $0.0833, showing a 0.61% decrease over the last 24 hours. The ongoing correction is largely a result of selling pressure that formed after some degree of bullish price action over the past two days. The current situation suggests that selling pressure still exists above the current price level, as the memecoin still faces immediate resistance at $0.0858.
Dogecoin 1-day price chart analysis
The one-day chart for Dogecoin indicates that it is facing pressure from the sellers’ side. The memecoin’s price decreased to $0.0833 today, with a fresh red candlestick signaling localized seller dominance. The immediate resistance for Dogecoin is also present at the $0.0858 level, followed by another resistance at $0.0870.
DOGE/USD 1-day price chart. Source: TradingView
The distance between the Bollinger Bands defines the intensity of volatility. This distance is not too wide, leading to comparatively mild volatility levels. Moreover, the upper limit of the Bollinger Bands indicator, indicating the resistance level, has shifted to $0.0917, whereas its lower limit, indicating support, has moved to $0.0801.
Multiple technical quantitative indicators are bearish, and the Relative Strength Index (RSI) indicator is trending in the lower neutral region, as the indicator’s curve has reached 33 in the past 24 hours. As the indicator moves downwards, it hints at the presence of selling momentum, as market conditions turn unfavorable.
DOGE/USD 4-hour price analysis
Selling pressure is present below the SMA, which is evident from the appearance of red candlesticks, as bears are trying to continue their lead. The DOGE/USD pair is facing mild volatility as it approaches the $0.0833 level. This comparatively mild volatility signals less volatile price movements in the coming hours. The increasing number of selling positions is currently pushing the DOGE price down, after facing the most recent rejection at $0.0842.
DOGE/USD 4-hour price chart. Source: TradingView
The Bollinger Bands are slowly converging, and the distance between them is not too wide, as the volatility levels are mild. This situation signifies decreased market movements. The upper Bollinger Band is now at $0.0846, which indicates a resistance level. Conversely, the lower Bollinger Band is at $0.0819, showing the support level.
The Fear and Greed Index, a price prediction tool, shows a reading of 23 (Extreme Fear), and the RSI indicator is in the neutral region on the 4-hour chart as well. Over the last four hours, its value has decreased to 43. This situation hints at the balance of power towards the selling side, and further depreciation seems possible if bears succeed in a break below the current price level of $0.0833.
Dogecoin technical indicators: Levels and action
Daily simple moving average (SMA)
Period
Value ($)
Action
SMA 3
0.08339
SELL
SMA 5
0.08463
SELL
SMA 10
0.08597
SELL
SMA 21
0.08739
SELL
SMA 50
0.09869
SELL
SMA 100
0.09694
SELL
SMA 200
0.1077
SELL
Daily exponential moving average (EMA)
Period
Value ($)
Action
EMA 3
0.08385
SELL
EMA 5
0.08443
SELL
EMA 10
0.08550
SELL
EMA 21
0.08841
SELL
EMA 50
0.09376
SELL
EMA 100
0.09904
SELL
EMA 200
0.1143
SELL
What can you expect from the DOGE price analysis next?
Dogecoin price analysis gives a bearish prediction following current market sentiment. The coin’s value decreased from $0.0842 to $0.0833, in the past 24 hours. If bears continue their lead and overwhelm the market, DOGE’s price might trigger a downward trend and retest the $0.0800 support. Conversely, if the bullish trend returns, the meme coin may jump to the $0.0890 resistance zone.
Is DOGE a good investment?
Dogecoin has strong potential for growth due to its high adoption and strong community. However, DOGE is highly volatile, and its unlimited supply raises questions about its future price. Social media news and trends also highly affect the meme coin, so diversification and your own research are advised. The coin is expected to touch the $0.237181–$0.301867 level by 2027.
Why is DOGE down?
DOGE’s price has been trading at $0.0833 over the last 24 hours, with selling pressure resurging. After the DOGE price found resistance around local highs, sellers took control and are pushing the price toward support levels once again.
What is the expected value of Dogecoin in 2026?
Dogecoin is expected to trade at an average price of $0.132 in 2026.
Will DOGE reach $0.50?
If the broader cryptocurrency market turns bullish, DOGE will join the rally. As a meme coin, it runs mostly on positive speculation. It’s expected that the coin will touch this level by November 2031, which makes it worth the effort to explore Dogecoin.
Will DOGE reach $1?
Considering Dogecoin’s current value, $1 is still a far-reaching target. However, robust community support can push this meme coin near $1, but not before 2032. However, this is not investment advice, and one must seek professional consultation or carry out their own research to create an investment strategy. As all cryptocurrency investments carry risk, due to the market volatility that may affect the future performance of the crypto assets.
Will DOGE hit $10?
Despite the risk involved with meme-based crypto pairs like Dogecoin, they can still shoot up on positive momentum. However, the market speculates that DOGE cannot reach the $10 level in the foreseeable future.
How much is $500 worth of Dogecoin right now?
$500 is worth nearly 5,595 DOGE in June; however, this amount changes based on day-to-day price fluctuations.
Does DOGE have a good long-term future?
Most well-known altcoins are trading at lower levels, and looking at DOGE, it’s also trading below its average price of the last year. Currently, the coin is trading below the previous year’s peak price of $0.434, which was observed in January 2025, but the trend is expected to change, and a positive outbreak can be expected. The DOGE/USD pair is expected to reach the $0.526 mark by 2032, so it can be a good decision to buy Dogecoin, and also holding it for longer can be beneficial.
According to market trackers like Wallet Investor, technical factors and fundamental factors, such as growing real-world utility in decentralized finance and rising on-chain activity, are expected to drive future price spikes across the memecoin sector. Shifting macroeconomic conditions and growing institutional investors’ risk appetite will heavily influence this long-term investment decision to buy DOGE.
Recent news/opinions on Dogecoin
Cryptopolitan reported that House of Doge partnered with Paxos to integrate Dogecoin into the infrastructure that powers PayPal, Venmo, Interactive Brokers, and other platforms. The deal gives DOGE an avenue to hundreds of millions of users.
Dogecoin integrates with Paxos for massive adoption.
Dogecoin price prediction June 2026
In June 2026, DOGE could maintain a trading range of $0.0651 to $0.115. The current forecast for Dogecoin suggests an average price of $0.092.
DOGE price prediction
Minimum price
Average price
Maximum price
DOGE price prediction June 2026
$0.0651
$0.092
$0.115
Dogecoin price prediction 2026
In 2026, DOGE could maintain a trading range of $0.0619 to $0.152, with an average price of $0.132.
DOGE price prediction
Minimum price
Average price
Maximum price
DOGE price prediction 2026
$0.0619
$0.132
$0.152
Dogecoin price predictions 2027 – 2032
Year
Minimum price
Average price
Maximum price
2027
$0.167
$0.191
$0.202
2028
$0.216
$0.232
$0.249
2029
$0.268
$0.287
$0.313
2030
$0.335
$0.362
$0.394
2031
$0.417
$0.434
$0.454
2032
$0.473
$0.494
$0.526
Dogecoin price prediction 2027
Dogecoin’s forecast for 2027 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.202 in a bullish case, an average trading price of $0.191, and a minimum price of $0.167.
Dogecoin price prediction 2028
In 2028, DOGE could reach a maximum price of $0.249, an average trading price of $0.232, and a minimum price of $0.216, which is quite higher than the current Dogecoin price.
Dogecoin price prediction 2029
According to the DOGE forecast for 2029, traders can expect a maximum predicted price of $0.313, an average trading price of $0.287, and a lowest closing price of $0.268.
Dogecoin price prediction 2030
Dogecoin’s forecast for 2030 presents a positive outlook for the memecoin. The maximum expected price is $0.394, with an average trading price of $0.362. The predicted minimum price for Dogecoin is $0.335.
Dogecoin price prediction 2031
According to the Dogecoin price forecast for 2031, traders and investors can anticipate a maximum market value of $0.454, a minimum price of $0.417, and an average trading price of $0.434.
Dogecoin price prediction 2032
According to the Dogecoin price forecast for 2032, traders can expect minimum and maximum prices of $0.473 and $0.526 and an expected average DOGE price of $0.494 in a long term outlook.
Dogecoin price prediction 2026-2032. Source: Cryptopolitan
Dogecoin market price prediction: Analysts’ DOGE price forecast
Firm Name
2026
2027
DigitalCoinPrice
$0.0996
$0.13
CoinPedia
$1.25
$1.50
Cryptopolitan’s Dogecoin (DOGE) price prediction
Cryptopolitan’s Dogecoin price predictions for 2026 suggest a minimum of $0.0619, an average of $0.132, and a maximum of $0.202. Our analysis shows that DOGE could cross $0.526 by 2032.
Dogecoin historic price sentiment
DOGE price history. Chart by Coinmarketcap
2013 was the beginning of Dogecoin, and it surged to $0.0004 in the first days of trading. By March 2014, the coin attempted a breach of $0.001 but failed, closing the year at $0.0001.
In the subsequent years, Dogecoin faced immense competition from new coins, including Stellar, Neo, and Monero, which dragged the coin’s price further down.
According to the Dogecoin historical market records, it traded in a strict range of $0.002 to $0.0036 for most of 2019.
In January 2021, DOGE saw significant gains, closing the month at $0.037. Subsequently, Dogecoin attained an ATH of $0.7376 on May 8, 2021, but lost 76% of its value, closing the year at $0.1703.
In 2022, Dogecoin maintained an average market price of about $0.07. The coin began trading around $0.08 in 2023 and closed the year at $0.08955, maintaining its market capitalization, as per crypto market records.
In 2024, Dogecoin (DOGE) began consolidating around $0.08, surged above $0.2 during March’s bull run, fluctuated between $0.1011 and $0.1759 through mid-year, spiked to $0.4312 in November, and ended the year at $0.314.
In January 2025, DOGE clocked the highest price of $0.41; however, after shedding 38% value, it stepped down to $0.258 in February.
In March, DOGE’s value decreased further as it dipped to the $0.20 range, and April saw the lowest DOGE price of $0.142. However, in May, the meme coin recovered to the $0.249 mark, as the bearish momentum faded.
On July 20, 2025, Dogecoin peaked at $0.274, and at the start of August, DOGE was trending near $0.214.
At the start of October, Doge was trading above $0.21, and at the start of November, it hovered near $0.187.
By the end of December, the price of the memecoin declined toward $0.122, as Dogecoin’s price movements were in a downward direction mostly.
At the start of 2026, Dogecoin was trading near $0.118, and in March it came down to $0.093; the current DOGE sentiment is bearish.
In April, Dogecoin was maintaining its price channel, trending near $0.090, and in May, it increased to $0.118, but at the start of June, it decreased to $0.089, as the current market shows bearish sentiment.
291
Ethereum’s top sandwich bot hit for $7.5M in a counter-MEV trapMore than $7.5 million has been wiped from Jaredfromsubway.eth’s holdings after the notorious Ethereum sandwich bot fell victim to an attacker’s scheme. Attackers baited the automated bot with a fake trade setup.
Early analysis suggests the drain may have occurred through a sophisticated counter-MEV strategy designed to exploit the bot’s own automated trading logic.
Blockchain security firm Blockaid reported: ‘Blockaid Exploit Detection system detected an exploit involving the MEV bot on Ethereum. The incident resulted from attacker-controlled contracts tricking an automated MEV execution system into granting token approvals, later used to drain funds.”
The incident marks a rare setback for JaredFromSubway, the sandwich bot that rose to prominence by exploiting decentralized exchange traders through front-running and back-running transactions. Blockaid says attackers made fake tokens and pools
Blockaid says attackers made fake tokens and pools
In another post, Blockaid noted that the engineered exploit differed from traditional phishing attacks and was not necessarily caused by a weakness in the smart contract itself. The scheme targeted the bot’s trading logic, causing it to interpret fake opportunities as profitable and to authorize contracts under the attackers’ control.
The attackers had completely fabricated an ecosystem of 66 fake tokens and pools, including those of Wrapped ETH (WETH), USDC (USDC), and USDt (USDT), and then paired that with CAP tokens. The fakes mimicked the MEV indicators the bot was optimized to detect, triggering its automated approval protocols for attacker-controlled contracts.
Blockaid chief technology officer Raz Niv stated, “Ironically, in the process, it provided the attacker the keys to millions in the bot’s treasury.” The bot lost $7.5 million according to Etherscan data.
So far, blockchain data suggests the attackers have already sent some of the stolen funds to Tornado Cash.
Speaking on the exploit, crypto investor and commentator David Gokhshtein asserted, “We shouldn’t be happy about this; no one should celebrate … but if you’ve ever been sandwiched by this … I’m pretty sure you’re not upset about this news.”
Is Jaredfromsubway.eth aggressively notorious for making traders lose to sandwich attacks?
An earlier analysis by research showed that Ethereum traders collectively lose about $60 million a year to sandwich attacks. Ethereum network telemetry recorded an average monthly volume of 60,000 to 90,000 sandwich attacks from November 2024 to October 2025, with Jaredfromsubway.eth executing a dominant 70% share.
In May, Jaredfromsubway.eth targeted a transaction by Vitalik Buterin involving 26,544 DigitalBits. The amount lost was insignificant, but the event demonstrated that MEV bots are willing to pursue even tiny profit opportunities. Etherscan records show the founder was sandwiched by the bot in block 24993038.
Before Buterin’s swap went through, the bot had routed about $1.14 million in WETH through SushiSwap and Uniswap V2 to manipulate XDB’s price across both liquidity pools.
Previously, EigenPhi had cautioned that slippage in crypto transactions creates an opportunity for Jared to push prices up, making traders pay more and allowing him to profit from the difference.
The MEV tracking site wrote, “Jared 2.0 would use adding liquidity transactions as the front piece and/or the centerpiece and removing liquidity transactions as the back piece. The combination can be various, putting several transactions in between, becoming sandwich attack victims.”
As of May, MEV extraction on Ethereum had grown to over $1.2 billion, with sandwich attacks accounting for about 51% of the total volume. Buterin has been advocating for encrypted mempools over the past few months as part of efforts to address harmful MEV practices in Ethereum’s future roadmap.
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Ethereum’s top sandwich bot hit for $7.5M in a counter-MEV trap
More than $7.5 million has been wiped from Jaredfromsubway.eth’s holdings after the notorious Ethereum sandwich bot fell victim to an attacker’s scheme. Attackers baited the automated bot with a fake trade setup.
Early analysis suggests the drain may have occurred through a sophisticated counter-MEV strategy designed to exploit the bot’s own automated trading logic.
Blockchain security firm Blockaid reported: ‘Blockaid Exploit Detection system detected an exploit involving the MEV bot on Ethereum. The incident resulted from attacker-controlled contracts tricking an automated MEV execution system into granting token approvals, later used to drain funds.”
The incident marks a rare setback for JaredFromSubway, the sandwich bot that rose to prominence by exploiting decentralized exchange traders through front-running and back-running transactions. Blockaid says attackers made fake tokens and pools
Blockaid says attackers made fake tokens and pools
In another post, Blockaid noted that the engineered exploit differed from traditional phishing attacks and was not necessarily caused by a weakness in the smart contract itself. The scheme targeted the bot’s trading logic, causing it to interpret fake opportunities as profitable and to authorize contracts under the attackers’ control.
The attackers had completely fabricated an ecosystem of 66 fake tokens and pools, including those of Wrapped ETH (WETH), USDC (USDC), and USDt (USDT), and then paired that with CAP tokens. The fakes mimicked the MEV indicators the bot was optimized to detect, triggering its automated approval protocols for attacker-controlled contracts.
Blockaid chief technology officer Raz Niv stated, “Ironically, in the process, it provided the attacker the keys to millions in the bot’s treasury.” The bot lost $7.5 million according to Etherscan data.
So far, blockchain data suggests the attackers have already sent some of the stolen funds to Tornado Cash.
Speaking on the exploit, crypto investor and commentator David Gokhshtein asserted, “We shouldn’t be happy about this; no one should celebrate … but if you’ve ever been sandwiched by this … I’m pretty sure you’re not upset about this news.”
Is Jaredfromsubway.eth aggressively notorious for making traders lose to sandwich attacks?
An earlier analysis by research showed that Ethereum traders collectively lose about $60 million a year to sandwich attacks. Ethereum network telemetry recorded an average monthly volume of 60,000 to 90,000 sandwich attacks from November 2024 to October 2025, with Jaredfromsubway.eth executing a dominant 70% share.
In May, Jaredfromsubway.eth targeted a transaction by Vitalik Buterin involving 26,544 DigitalBits. The amount lost was insignificant, but the event demonstrated that MEV bots are willing to pursue even tiny profit opportunities. Etherscan records show the founder was sandwiched by the bot in block 24993038.
Before Buterin’s swap went through, the bot had routed about $1.14 million in WETH through SushiSwap and Uniswap V2 to manipulate XDB’s price across both liquidity pools.
Previously, EigenPhi had cautioned that slippage in crypto transactions creates an opportunity for Jared to push prices up, making traders pay more and allowing him to profit from the difference.
The MEV tracking site wrote, “Jared 2.0 would use adding liquidity transactions as the front piece and/or the centerpiece and removing liquidity transactions as the back piece. The combination can be various, putting several transactions in between, becoming sandwich attack victims.”
As of May, MEV extraction on Ethereum had grown to over $1.2 billion, with sandwich attacks accounting for about 51% of the total volume. Buterin has been advocating for encrypted mempools over the past few months as part of efforts to address harmful MEV practices in Ethereum’s future roadmap.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
Early analysis suggests the drain may have occurred through a sophisticated counter-MEV strategy designed to exploit the bot’s own automated trading logic.
Blockchain security firm Blockaid reported: ‘Blockaid Exploit Detection system detected an exploit involving the MEV bot on Ethereum. The incident resulted from attacker-controlled contracts tricking an automated MEV execution system into granting token approvals, later used to drain funds.”
The incident marks a rare setback for JaredFromSubway, the sandwich bot that rose to prominence by exploiting decentralized exchange traders through front-running and back-running transactions. Blockaid says attackers made fake tokens and pools
Blockaid says attackers made fake tokens and pools
In another post, Blockaid noted that the engineered exploit differed from traditional phishing attacks and was not necessarily caused by a weakness in the smart contract itself. The scheme targeted the bot’s trading logic, causing it to interpret fake opportunities as profitable and to authorize contracts under the attackers’ control.
The attackers had completely fabricated an ecosystem of 66 fake tokens and pools, including those of Wrapped ETH (WETH), USDC (USDC), and USDt (USDT), and then paired that with CAP tokens. The fakes mimicked the MEV indicators the bot was optimized to detect, triggering its automated approval protocols for attacker-controlled contracts.
Blockaid chief technology officer Raz Niv stated, “Ironically, in the process, it provided the attacker the keys to millions in the bot’s treasury.” The bot lost $7.5 million according to Etherscan data.
So far, blockchain data suggests the attackers have already sent some of the stolen funds to Tornado Cash.
Speaking on the exploit, crypto investor and commentator David Gokhshtein asserted, “We shouldn’t be happy about this; no one should celebrate … but if you’ve ever been sandwiched by this … I’m pretty sure you’re not upset about this news.”
Is Jaredfromsubway.eth aggressively notorious for making traders lose to sandwich attacks?
An earlier analysis by research showed that Ethereum traders collectively lose about $60 million a year to sandwich attacks. Ethereum network telemetry recorded an average monthly volume of 60,000 to 90,000 sandwich attacks from November 2024 to October 2025, with Jaredfromsubway.eth executing a dominant 70% share.
In May, Jaredfromsubway.eth targeted a transaction by Vitalik Buterin involving 26,544 DigitalBits. The amount lost was insignificant, but the event demonstrated that MEV bots are willing to pursue even tiny profit opportunities. Etherscan records show the founder was sandwiched by the bot in block 24993038.
Before Buterin’s swap went through, the bot had routed about $1.14 million in WETH through SushiSwap and Uniswap V2 to manipulate XDB’s price across both liquidity pools.
Previously, EigenPhi had cautioned that slippage in crypto transactions creates an opportunity for Jared to push prices up, making traders pay more and allowing him to profit from the difference.
The MEV tracking site wrote, “Jared 2.0 would use adding liquidity transactions as the front piece and/or the centerpiece and removing liquidity transactions as the back piece. The combination can be various, putting several transactions in between, becoming sandwich attack victims.”
As of May, MEV extraction on Ethereum had grown to over $1.2 billion, with sandwich attacks accounting for about 51% of the total volume. Buterin has been advocating for encrypted mempools over the past few months as part of efforts to address harmful MEV practices in Ethereum’s future roadmap.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
503
Galaxy CEO says Fed rate cuts could revive Bitcoin and silence criticsGalaxy Digital CEO Mike Novogratz thinks Bitcoin’s recent struggles may not last much longer. Speaking on a podcast with Anthony Scaramucci, Novogratz said a change in U.S. monetary policy could revive the world’s largest cryptocurrency.
Bitcoin has been depressed in recent months, with weak prices, low retail interest, and increasing pessimism about its price, he said.
“Bitcoin needs an easing cycle,” Novogratz has repeatedly emphasized in recent commentary. According to Novogratz, the Federal Reserve’s current stance has kept liquidity constrained, limiting Bitcoin’s ability to break through key psychological price levels.
Still he argues that if the U.S. Federal Reserve were to cut interest rates, the market might come back to see a more balanced picture of the cryptocurrency
Is Bitcoin losing its momentum?
Concerns about Bitcoin momentum were also raised by Anthony Scaramucci on the All Things Markets podcast, where he pointed to weakening indicators such as BTC’s Relative Strength Index (RSI), a widely watched measure of market momentum that has recently fallen to unusually low levels.
Google searches for Bitcoin have declined in recent years, and market interest is at an all-time low. And people are increasingly concentrated in Bitcoin ownership.
Scaramucci said that currently, 79% of Bitcoin’s circulating supply is owned by people who haven’t moved their coins in a long time.
That’s a question of whether these trends were a sign of a market bottom or of Bitcoin becoming a “dead asset.” Novogratz rejected that view and urged investors to be patient.
“You’ve got to give Bitcoin the benefit of the doubt,” he said, saying investors should wait until at least next year before deciding on the asset’s long-term future.
How could federal reserve rate cuts help Bitcoin?
The reason for Bitcoin’s recent weakness is that the market expects U.S. interest rates to stay high for a long time, Novogratz said. Investors have been expecting a more aggressive policy stance from the Federal Reserve as it transitions to the new Fed chairmanship.
The markets have come to expect higher borrowing costs. And Novogratz said this has also weighed on Bitcoin and other assets, such as gold.
On Bitcoin, he thinks the situation would change if the U.S. economy were weak enough to push the Fed to reverse course and cut interest rates.
Low rates generally make risk assets attractive, as borrowing is cheaper and liquidity rises in the financial markets. Many investors may not realize that future rate cuts are likely, Novogratz said.
The issue of debt and economic conditions can eventually push the Fed into a more accommodative policy, he said.
Bitcoin may attract investors who are still seeking protection against currency debasement and inflation, restoring some of the momentum it has lost in recent months.
What is missing from the Bitcoin market right now?
Despite his long-term optimism, Novogratz admitted that the Bitcoin market currently lacks enthusiasm. He said there is little fresh demand entering the market and described the current environment as one with “no energy” and “no new buyers.” This lack of new capital has contributed to Bitcoin’s inability to sustain upward momentum.
Novogratz also referenced challenges facing some Bitcoin-focused investment strategies. He pointed to concerns surrounding financing models associated with Strategy Executive Chairman Michael Saylor, whose company has become known for aggressively accumulating Bitcoin through debt and capital-raising programs.
Even so, Novogratz remains confident that the broader Bitcoin story is not over. He believes investors should focus less on current market sentiment and more on the factors that could emerge over the next several months.
According to him, the key catalyst remains a potential shift in Federal Reserve policy. If economic conditions deteriorate and interest rate cuts return to the agenda, Bitcoin could regain its appeal among investors.
For now, Novogratz advises patience. Rather than focusing on short-term weakness, he suggests waiting until around March next year to reassess Bitcoin’s outlook.
His message is straightforward: Bitcoin may be facing a difficult period, but the factors that drove its rise in previous market cycles have not disappeared. If the Federal Reserve eventually eases monetary policy, the cryptocurrency could regain favor, and critics may once again be forced to reconsider their views.
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Galaxy CEO says Fed rate cuts could revive Bitcoin and silence critics
Galaxy Digital CEO Mike Novogratz thinks Bitcoin’s recent struggles may not last much longer. Speaking on a podcast with Anthony Scaramucci, Novogratz said a change in U.S. monetary policy could revive the world’s largest cryptocurrency.
Bitcoin has been depressed in recent months, with weak prices, low retail interest, and increasing pessimism about its price, he said.
“Bitcoin needs an easing cycle,” Novogratz has repeatedly emphasized in recent commentary. According to Novogratz, the Federal Reserve’s current stance has kept liquidity constrained, limiting Bitcoin’s ability to break through key psychological price levels.
Still he argues that if the U.S. Federal Reserve were to cut interest rates, the market might come back to see a more balanced picture of the cryptocurrency
Is Bitcoin losing its momentum?
Concerns about Bitcoin momentum were also raised by Anthony Scaramucci on the All Things Markets podcast, where he pointed to weakening indicators such as BTC’s Relative Strength Index (RSI), a widely watched measure of market momentum that has recently fallen to unusually low levels.
Google searches for Bitcoin have declined in recent years, and market interest is at an all-time low. And people are increasingly concentrated in Bitcoin ownership.
Scaramucci said that currently, 79% of Bitcoin’s circulating supply is owned by people who haven’t moved their coins in a long time.
That’s a question of whether these trends were a sign of a market bottom or of Bitcoin becoming a “dead asset.” Novogratz rejected that view and urged investors to be patient.
“You’ve got to give Bitcoin the benefit of the doubt,” he said, saying investors should wait until at least next year before deciding on the asset’s long-term future.
How could federal reserve rate cuts help Bitcoin?
The reason for Bitcoin’s recent weakness is that the market expects U.S. interest rates to stay high for a long time, Novogratz said. Investors have been expecting a more aggressive policy stance from the Federal Reserve as it transitions to the new Fed chairmanship.
The markets have come to expect higher borrowing costs. And Novogratz said this has also weighed on Bitcoin and other assets, such as gold.
On Bitcoin, he thinks the situation would change if the U.S. economy were weak enough to push the Fed to reverse course and cut interest rates.
Low rates generally make risk assets attractive, as borrowing is cheaper and liquidity rises in the financial markets. Many investors may not realize that future rate cuts are likely, Novogratz said.
The issue of debt and economic conditions can eventually push the Fed into a more accommodative policy, he said.
Bitcoin may attract investors who are still seeking protection against currency debasement and inflation, restoring some of the momentum it has lost in recent months.
What is missing from the Bitcoin market right now?
Despite his long-term optimism, Novogratz admitted that the Bitcoin market currently lacks enthusiasm. He said there is little fresh demand entering the market and described the current environment as one with “no energy” and “no new buyers.” This lack of new capital has contributed to Bitcoin’s inability to sustain upward momentum.
Novogratz also referenced challenges facing some Bitcoin-focused investment strategies. He pointed to concerns surrounding financing models associated with Strategy Executive Chairman Michael Saylor, whose company has become known for aggressively accumulating Bitcoin through debt and capital-raising programs.
Even so, Novogratz remains confident that the broader Bitcoin story is not over. He believes investors should focus less on current market sentiment and more on the factors that could emerge over the next several months.
According to him, the key catalyst remains a potential shift in Federal Reserve policy. If economic conditions deteriorate and interest rate cuts return to the agenda, Bitcoin could regain its appeal among investors.
For now, Novogratz advises patience. Rather than focusing on short-term weakness, he suggests waiting until around March next year to reassess Bitcoin’s outlook.
His message is straightforward: Bitcoin may be facing a difficult period, but the factors that drove its rise in previous market cycles have not disappeared. If the Federal Reserve eventually eases monetary policy, the cryptocurrency could regain favor, and critics may once again be forced to reconsider their views.
The smartest crypto minds already read our newsletter. Want in? Join them.
Bitcoin has been depressed in recent months, with weak prices, low retail interest, and increasing pessimism about its price, he said.
“Bitcoin needs an easing cycle,” Novogratz has repeatedly emphasized in recent commentary. According to Novogratz, the Federal Reserve’s current stance has kept liquidity constrained, limiting Bitcoin’s ability to break through key psychological price levels.
Still he argues that if the U.S. Federal Reserve were to cut interest rates, the market might come back to see a more balanced picture of the cryptocurrency
Is Bitcoin losing its momentum?
Concerns about Bitcoin momentum were also raised by Anthony Scaramucci on the All Things Markets podcast, where he pointed to weakening indicators such as BTC’s Relative Strength Index (RSI), a widely watched measure of market momentum that has recently fallen to unusually low levels.
Google searches for Bitcoin have declined in recent years, and market interest is at an all-time low. And people are increasingly concentrated in Bitcoin ownership.
Scaramucci said that currently, 79% of Bitcoin’s circulating supply is owned by people who haven’t moved their coins in a long time.
That’s a question of whether these trends were a sign of a market bottom or of Bitcoin becoming a “dead asset.” Novogratz rejected that view and urged investors to be patient.
“You’ve got to give Bitcoin the benefit of the doubt,” he said, saying investors should wait until at least next year before deciding on the asset’s long-term future.
How could federal reserve rate cuts help Bitcoin?
The reason for Bitcoin’s recent weakness is that the market expects U.S. interest rates to stay high for a long time, Novogratz said. Investors have been expecting a more aggressive policy stance from the Federal Reserve as it transitions to the new Fed chairmanship.
The markets have come to expect higher borrowing costs. And Novogratz said this has also weighed on Bitcoin and other assets, such as gold.
On Bitcoin, he thinks the situation would change if the U.S. economy were weak enough to push the Fed to reverse course and cut interest rates.
Low rates generally make risk assets attractive, as borrowing is cheaper and liquidity rises in the financial markets. Many investors may not realize that future rate cuts are likely, Novogratz said.
The issue of debt and economic conditions can eventually push the Fed into a more accommodative policy, he said.
Bitcoin may attract investors who are still seeking protection against currency debasement and inflation, restoring some of the momentum it has lost in recent months.
What is missing from the Bitcoin market right now?
Despite his long-term optimism, Novogratz admitted that the Bitcoin market currently lacks enthusiasm. He said there is little fresh demand entering the market and described the current environment as one with “no energy” and “no new buyers.” This lack of new capital has contributed to Bitcoin’s inability to sustain upward momentum.
Novogratz also referenced challenges facing some Bitcoin-focused investment strategies. He pointed to concerns surrounding financing models associated with Strategy Executive Chairman Michael Saylor, whose company has become known for aggressively accumulating Bitcoin through debt and capital-raising programs.
Even so, Novogratz remains confident that the broader Bitcoin story is not over. He believes investors should focus less on current market sentiment and more on the factors that could emerge over the next several months.
According to him, the key catalyst remains a potential shift in Federal Reserve policy. If economic conditions deteriorate and interest rate cuts return to the agenda, Bitcoin could regain its appeal among investors.
For now, Novogratz advises patience. Rather than focusing on short-term weakness, he suggests waiting until around March next year to reassess Bitcoin’s outlook.
His message is straightforward: Bitcoin may be facing a difficult period, but the factors that drove its rise in previous market cycles have not disappeared. If the Federal Reserve eventually eases monetary policy, the cryptocurrency could regain favor, and critics may once again be forced to reconsider their views.
The smartest crypto minds already read our newsletter. Want in? Join them.
503
Namada exploit drains $600,000 as Cosmos ecosystem absorbs another hackPrivacy blockchain Namada has lost roughly $600,000 in an exploit, wiping nearly all value from its multi-asset shielded pool and adding to a string of security failures across the Cosmos ecosystem this year.
Namada confirmed the breach on June 20, in a post made on X, stating that its team was “investigating the issue” and involving the relevant parties.
The project also made an appeal to the hacker to return the funds, writing, “If you are the white hat hacker behind this exploit, please get in touch with us.”
What happened to Namada following the breach?
The shielded pool that suffered the attack is known as the multi-asset shielded pool (MASP), and it is Namada’s core privacy feature, designed to let users hold and transfer multiple token types with encrypted balances.
Following the exploit, Namada’s total value locked (TVL) crashed from around $600,000 to just $598 in the span of a day.
Namada’s TVL is down to under $600 from $600,000 pre-hack. Source: DefiLlama
Also, Namada’s block explorer appears stalled with the most recent indexed block dating to June 7. This has raised questions about the chain’s data infrastructure and whether it was functioning normally before the attack.
Is there a growing wave of attacks targeting the Cosmos ecosystem?
The Namada exploit came hours after a separate incident hit Secret Network, where an attacker drained $4.67 million in Axelar-bridged tokens by exploiting a missing validation check in a cross-chain smart contract.
That vulnerability that was exploited had been existing, unpatched, in the deployed code since March 2023, according to blockchain security firm Common Prefix.
Ed, the founder of AirdropGlideApp, posted on X that the back-to-back incidents made it “worrying leaving assets” in the Cosmos ecosystem, pointing to the Axelar/Secret exploit and the Namada drain alongside an earlier attack on Saga.
Security researcher fr1ko.eth noted that in the 24 hours ending June 20, both Namada and mySwap (a Starknet-based DEX) had been compromised, with the two hacks totaling roughly $900,000.
The security failures compound what has already been a difficult year for the Cosmos ecosystem.
The network experienced an exodus of projects late last year, and that continued into the new year, per a Cryptopolitan report.
Noble, a stablecoin infrastructure project that had processed billions in volume, left Cosmos for an EVM-based layer-1.
Penumbra, a privacy-focused chain, shut down entirely. Comdex, Kujira, and Evmos halted development, while projects including Omniflix, Elys, and Jackal migrated elsewhere.
Cosmos’s native token, ATOM, currently trades around $1.78 and is in the depths of a decline of over 96% from the all-time high it achieved in 2021.
Cosmos is not oblivious to the happenings and has taken steps to stabilize. In June, Cosmos Labs acquired the Mintscan blockchain explorer and opened a Seoul subsidiary to consolidate operations around the Cosmos Hub, Skip:Go, IBC Eureka, and Mintscan under one roof, according to Cryptopolitan’s reporting.
Leadership has also signaled plans to redesign ATOM’s tokenomics and pursue institutional use cases.
But repeated exploits across Cosmos-linked chains undermine the effort. Bridge and smart contract vulnerabilities have been a persistent weak point plaguing the ecosystem.
Does this exploit call into question Namada’s credibility?
Namada launched with an unusual token structure that was unpopular before any exploit occurred.
On-chain investigator ZachXBT flagged in August 2024 that the NAM token shipped with 100% of supply unlocked at its token generation event, with no lockups for the 18.5% team allocation or the 32% investor share.
At the time, ZachXBT questioned how participants would stay motivated to build “when it’s a race to dump all tokens from day 1.”
With the latest exploit, users now face limited visibility into what happened and what, if anything, remains recoverable.
The Namada team has released neither a post-mortem nor an update on when it will restore services as of the time of publishing
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Namada exploit drains $600,000 as Cosmos ecosystem absorbs another hack
Privacy blockchain Namada has lost roughly $600,000 in an exploit, wiping nearly all value from its multi-asset shielded pool and adding to a string of security failures across the Cosmos ecosystem this year.
Namada confirmed the breach on June 20, in a post made on X, stating that its team was “investigating the issue” and involving the relevant parties.
The project also made an appeal to the hacker to return the funds, writing, “If you are the white hat hacker behind this exploit, please get in touch with us.”
What happened to Namada following the breach?
The shielded pool that suffered the attack is known as the multi-asset shielded pool (MASP), and it is Namada’s core privacy feature, designed to let users hold and transfer multiple token types with encrypted balances.
Following the exploit, Namada’s total value locked (TVL) crashed from around $600,000 to just $598 in the span of a day.
Namada’s TVL is down to under $600 from $600,000 pre-hack. Source: DefiLlama
Also, Namada’s block explorer appears stalled with the most recent indexed block dating to June 7. This has raised questions about the chain’s data infrastructure and whether it was functioning normally before the attack.
Is there a growing wave of attacks targeting the Cosmos ecosystem?
The Namada exploit came hours after a separate incident hit Secret Network, where an attacker drained $4.67 million in Axelar-bridged tokens by exploiting a missing validation check in a cross-chain smart contract.
That vulnerability that was exploited had been existing, unpatched, in the deployed code since March 2023, according to blockchain security firm Common Prefix.
Ed, the founder of AirdropGlideApp, posted on X that the back-to-back incidents made it “worrying leaving assets” in the Cosmos ecosystem, pointing to the Axelar/Secret exploit and the Namada drain alongside an earlier attack on Saga.
Security researcher fr1ko.eth noted that in the 24 hours ending June 20, both Namada and mySwap (a Starknet-based DEX) had been compromised, with the two hacks totaling roughly $900,000.
The security failures compound what has already been a difficult year for the Cosmos ecosystem.
The network experienced an exodus of projects late last year, and that continued into the new year, per a Cryptopolitan report.
Noble, a stablecoin infrastructure project that had processed billions in volume, left Cosmos for an EVM-based layer-1.
Penumbra, a privacy-focused chain, shut down entirely. Comdex, Kujira, and Evmos halted development, while projects including Omniflix, Elys, and Jackal migrated elsewhere.
Cosmos’s native token, ATOM, currently trades around $1.78 and is in the depths of a decline of over 96% from the all-time high it achieved in 2021.
Cosmos is not oblivious to the happenings and has taken steps to stabilize. In June, Cosmos Labs acquired the Mintscan blockchain explorer and opened a Seoul subsidiary to consolidate operations around the Cosmos Hub, Skip:Go, IBC Eureka, and Mintscan under one roof, according to Cryptopolitan’s reporting.
Leadership has also signaled plans to redesign ATOM’s tokenomics and pursue institutional use cases.
But repeated exploits across Cosmos-linked chains undermine the effort. Bridge and smart contract vulnerabilities have been a persistent weak point plaguing the ecosystem.
Does this exploit call into question Namada’s credibility?
Namada launched with an unusual token structure that was unpopular before any exploit occurred.
On-chain investigator ZachXBT flagged in August 2024 that the NAM token shipped with 100% of supply unlocked at its token generation event, with no lockups for the 18.5% team allocation or the 32% investor share.
At the time, ZachXBT questioned how participants would stay motivated to build “when it’s a race to dump all tokens from day 1.”
With the latest exploit, users now face limited visibility into what happened and what, if anything, remains recoverable.
The Namada team has released neither a post-mortem nor an update on when it will restore services as of the time of publishing
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
Namada confirmed the breach on June 20, in a post made on X, stating that its team was “investigating the issue” and involving the relevant parties.
The project also made an appeal to the hacker to return the funds, writing, “If you are the white hat hacker behind this exploit, please get in touch with us.”
What happened to Namada following the breach?
The shielded pool that suffered the attack is known as the multi-asset shielded pool (MASP), and it is Namada’s core privacy feature, designed to let users hold and transfer multiple token types with encrypted balances.
Following the exploit, Namada’s total value locked (TVL) crashed from around $600,000 to just $598 in the span of a day.
Namada’s TVL is down to under $600 from $600,000 pre-hack. Source: DefiLlama
Also, Namada’s block explorer appears stalled with the most recent indexed block dating to June 7. This has raised questions about the chain’s data infrastructure and whether it was functioning normally before the attack.
Is there a growing wave of attacks targeting the Cosmos ecosystem?
The Namada exploit came hours after a separate incident hit Secret Network, where an attacker drained $4.67 million in Axelar-bridged tokens by exploiting a missing validation check in a cross-chain smart contract.
That vulnerability that was exploited had been existing, unpatched, in the deployed code since March 2023, according to blockchain security firm Common Prefix.
Ed, the founder of AirdropGlideApp, posted on X that the back-to-back incidents made it “worrying leaving assets” in the Cosmos ecosystem, pointing to the Axelar/Secret exploit and the Namada drain alongside an earlier attack on Saga.
Security researcher fr1ko.eth noted that in the 24 hours ending June 20, both Namada and mySwap (a Starknet-based DEX) had been compromised, with the two hacks totaling roughly $900,000.
The security failures compound what has already been a difficult year for the Cosmos ecosystem.
The network experienced an exodus of projects late last year, and that continued into the new year, per a Cryptopolitan report.
Noble, a stablecoin infrastructure project that had processed billions in volume, left Cosmos for an EVM-based layer-1.
Penumbra, a privacy-focused chain, shut down entirely. Comdex, Kujira, and Evmos halted development, while projects including Omniflix, Elys, and Jackal migrated elsewhere.
Cosmos’s native token, ATOM, currently trades around $1.78 and is in the depths of a decline of over 96% from the all-time high it achieved in 2021.
Cosmos is not oblivious to the happenings and has taken steps to stabilize. In June, Cosmos Labs acquired the Mintscan blockchain explorer and opened a Seoul subsidiary to consolidate operations around the Cosmos Hub, Skip:Go, IBC Eureka, and Mintscan under one roof, according to Cryptopolitan’s reporting.
Leadership has also signaled plans to redesign ATOM’s tokenomics and pursue institutional use cases.
But repeated exploits across Cosmos-linked chains undermine the effort. Bridge and smart contract vulnerabilities have been a persistent weak point plaguing the ecosystem.
Does this exploit call into question Namada’s credibility?
Namada launched with an unusual token structure that was unpopular before any exploit occurred.
On-chain investigator ZachXBT flagged in August 2024 that the NAM token shipped with 100% of supply unlocked at its token generation event, with no lockups for the 18.5% team allocation or the 32% investor share.
At the time, ZachXBT questioned how participants would stay motivated to build “when it’s a race to dump all tokens from day 1.”
With the latest exploit, users now face limited visibility into what happened and what, if anything, remains recoverable.
The Namada team has released neither a post-mortem nor an update on when it will restore services as of the time of publishing
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1
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816
America wants to win the AI race but its own contradictions keep getting in the wayThe United States is worried that China has its hands on advanced chip-making machines, sent to them by ASML.
Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break US export rules, which forbid sending ASML’s EUV machines to restricted places like China.
The fact that Lutnick raised this shows Washington has not let its guard down on sensitive tech sales to China, even as President Donald Trump has recently loosened some chip export limits there.
Bloomberg broke the story first, noting that the White House gave reporters no evidence to back up Lutnick’s private remarks.
ASML pushed back on Friday, stating it had “never shipped an EUV machine to China, nor have we shipped to China any component, module, or equipment specially designed to be used in an EUV machine.”
The Dutch government told Reuters it strictly applies its licensing rules to chip-making “equipment, components and technology that explicitly fall under these rules.”
EUV weighs 180 metric tonnes and is as huge as a school bus. TSMC uses this machine for the production of chips used by US top companies like Nvidia. This is why China stays a step back in reaching the level of US chipmakers. However, it was also reported last year that China is attempting to make its own EUV.
That report by Reuters said that it was former ASML engineer working on the prototype for China, country’s own Manhattan Project as reported by Cryptopolitan previously.
U.S has kept a close watch on ASML
The U.S. is also wary of ASML’s maintenance agreements there and has raised questions about its sale of deep ultraviolet (DUV) systems to Chinese buyers, a business that makes up as much as a fifth of the firm’s total revenue.
In April, US lawmakers proposed a bill that would push American allies to match Washington’s stricter export controls, naming ASML directly in the draft legislation.
ASML responded by saying it understood the national security reasoning behind rules in both the US and the Netherlands and remained fully committed to following them.
On the other hand, Trump has eased up on some tech export limits toward China. Nvidia received approval in January to sell its H200 AI chips there, and last month, ten Chinese companies were cleared as buyers. Still, Beijing has been encouraging its tech industry to choose domestically made chips instead.
A seperate worry is brewing across the Atlantic
A speculative essay titled Europe 2031, written by a group of Brussels-based researchers, pictures a future where the US and China leave Europe behind because it failed to invest in datacentres, robotics, and homegrown AI.
The piece appeared just one day before the Trump administration reportedly moved to block “foreign nationals” from accessing an AI model called Fable, built by Anthropic.
The essay spread quickly during a week of G7 meetings, fueling talk about the need for Europe to build its own tech independence. Its writers say they feel “vindicated,” partly because one of their predictions, that the US would limit global access to advanced AI systems, briefly came true.
The essay is part of a wider trend of speculative AI scenarios that have drawn attention from officials, including a 2025 piece called AI 2027 that was reportedly read by US Vice President JD Vance.
U.S faces growing data center criticism
Back home, US opposition to data centers has been growing quickly, moving from local complaints into broader fights over land use and resources. Monterey Park, California, became the first US city to permanently ban large data centers this month after residents voted strongly in favor.
New York lawmakers passed a one-year halt on new large-scale data center projects. As of June, fourteen states have weighed similar restrictions, according to the Rockefeller Institute of Government, as officials in Washington increasingly view advanced AI systems as strategic national assets.
The smartest crypto minds already read our newsletter. Want in? Join them.
America wants to win the AI race but its own contradictions keep getting in the way
The United States is worried that China has its hands on advanced chip-making machines, sent to them by ASML.
Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break US export rules, which forbid sending ASML’s EUV machines to restricted places like China.
The fact that Lutnick raised this shows Washington has not let its guard down on sensitive tech sales to China, even as President Donald Trump has recently loosened some chip export limits there.
Bloomberg broke the story first, noting that the White House gave reporters no evidence to back up Lutnick’s private remarks.
ASML pushed back on Friday, stating it had “never shipped an EUV machine to China, nor have we shipped to China any component, module, or equipment specially designed to be used in an EUV machine.”
The Dutch government told Reuters it strictly applies its licensing rules to chip-making “equipment, components and technology that explicitly fall under these rules.”
EUV weighs 180 metric tonnes and is as huge as a school bus. TSMC uses this machine for the production of chips used by US top companies like Nvidia. This is why China stays a step back in reaching the level of US chipmakers. However, it was also reported last year that China is attempting to make its own EUV.
That report by Reuters said that it was former ASML engineer working on the prototype for China, country’s own Manhattan Project as reported by Cryptopolitan previously.
U.S has kept a close watch on ASML
The U.S. is also wary of ASML’s maintenance agreements there and has raised questions about its sale of deep ultraviolet (DUV) systems to Chinese buyers, a business that makes up as much as a fifth of the firm’s total revenue.
In April, US lawmakers proposed a bill that would push American allies to match Washington’s stricter export controls, naming ASML directly in the draft legislation.
ASML responded by saying it understood the national security reasoning behind rules in both the US and the Netherlands and remained fully committed to following them.
On the other hand, Trump has eased up on some tech export limits toward China. Nvidia received approval in January to sell its H200 AI chips there, and last month, ten Chinese companies were cleared as buyers. Still, Beijing has been encouraging its tech industry to choose domestically made chips instead.
A seperate worry is brewing across the Atlantic
A speculative essay titled Europe 2031, written by a group of Brussels-based researchers, pictures a future where the US and China leave Europe behind because it failed to invest in datacentres, robotics, and homegrown AI.
The piece appeared just one day before the Trump administration reportedly moved to block “foreign nationals” from accessing an AI model called Fable, built by Anthropic.
The essay spread quickly during a week of G7 meetings, fueling talk about the need for Europe to build its own tech independence. Its writers say they feel “vindicated,” partly because one of their predictions, that the US would limit global access to advanced AI systems, briefly came true.
The essay is part of a wider trend of speculative AI scenarios that have drawn attention from officials, including a 2025 piece called AI 2027 that was reportedly read by US Vice President JD Vance.
U.S faces growing data center criticism
Back home, US opposition to data centers has been growing quickly, moving from local complaints into broader fights over land use and resources. Monterey Park, California, became the first US city to permanently ban large data centers this month after residents voted strongly in favor.
New York lawmakers passed a one-year halt on new large-scale data center projects. As of June, fourteen states have weighed similar restrictions, according to the Rockefeller Institute of Government, as officials in Washington increasingly view advanced AI systems as strategic national assets.
The smartest crypto minds already read our newsletter. Want in? Join them.
Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break US export rules, which forbid sending ASML’s EUV machines to restricted places like China.
The fact that Lutnick raised this shows Washington has not let its guard down on sensitive tech sales to China, even as President Donald Trump has recently loosened some chip export limits there.
Bloomberg broke the story first, noting that the White House gave reporters no evidence to back up Lutnick’s private remarks.
ASML pushed back on Friday, stating it had “never shipped an EUV machine to China, nor have we shipped to China any component, module, or equipment specially designed to be used in an EUV machine.”
The Dutch government told Reuters it strictly applies its licensing rules to chip-making “equipment, components and technology that explicitly fall under these rules.”
EUV weighs 180 metric tonnes and is as huge as a school bus. TSMC uses this machine for the production of chips used by US top companies like Nvidia. This is why China stays a step back in reaching the level of US chipmakers. However, it was also reported last year that China is attempting to make its own EUV.
That report by Reuters said that it was former ASML engineer working on the prototype for China, country’s own Manhattan Project as reported by Cryptopolitan previously.
U.S has kept a close watch on ASML
The U.S. is also wary of ASML’s maintenance agreements there and has raised questions about its sale of deep ultraviolet (DUV) systems to Chinese buyers, a business that makes up as much as a fifth of the firm’s total revenue.
In April, US lawmakers proposed a bill that would push American allies to match Washington’s stricter export controls, naming ASML directly in the draft legislation.
ASML responded by saying it understood the national security reasoning behind rules in both the US and the Netherlands and remained fully committed to following them.
On the other hand, Trump has eased up on some tech export limits toward China. Nvidia received approval in January to sell its H200 AI chips there, and last month, ten Chinese companies were cleared as buyers. Still, Beijing has been encouraging its tech industry to choose domestically made chips instead.
A seperate worry is brewing across the Atlantic
A speculative essay titled Europe 2031, written by a group of Brussels-based researchers, pictures a future where the US and China leave Europe behind because it failed to invest in datacentres, robotics, and homegrown AI.
The piece appeared just one day before the Trump administration reportedly moved to block “foreign nationals” from accessing an AI model called Fable, built by Anthropic.
The essay spread quickly during a week of G7 meetings, fueling talk about the need for Europe to build its own tech independence. Its writers say they feel “vindicated,” partly because one of their predictions, that the US would limit global access to advanced AI systems, briefly came true.
The essay is part of a wider trend of speculative AI scenarios that have drawn attention from officials, including a 2025 piece called AI 2027 that was reportedly read by US Vice President JD Vance.
U.S faces growing data center criticism
Back home, US opposition to data centers has been growing quickly, moving from local complaints into broader fights over land use and resources. Monterey Park, California, became the first US city to permanently ban large data centers this month after residents voted strongly in favor.
New York lawmakers passed a one-year halt on new large-scale data center projects. As of June, fourteen states have weighed similar restrictions, according to the Rockefeller Institute of Government, as officials in Washington increasingly view advanced AI systems as strategic national assets.
The smartest crypto minds already read our newsletter. Want in? Join them.
1
189
America wants to win the AI race but its own contradictions keep getting in the wayThe United States is worried that China has its hands on advanced chip-making machines, sent to them by ASML.
Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break US export rules, which forbid sending ASML’s EUV machines to restricted places like China.
The fact that Lutnick raised this shows Washington has not let its guard down on sensitive tech sales to China, even as President Donald Trump has recently loosened some chip export limits there.
Bloomberg broke the story first, noting that the White House gave reporters no evidence to back up Lutnick’s private remarks.
ASML pushed back on Friday, stating it had “never shipped an EUV machine to China, nor have we shipped to China any component, module, or equipment specially designed to be used in an EUV machine.”
The Dutch government told Reuters it strictly applies its licensing rules to chip-making “equipment, components and technology that explicitly fall under these rules.”
EUV weighs 180 metric tonnes and is as huge as a school bus. TSMC uses this machine for the production of chips used by US top companies like Nvidia. This is why China stays a step back in reaching the level of US chipmakers. However, it was also reported last year that China is attempting to make its own EUV.
That report by Reuters said that it was former ASML engineer working on the prototype for China, country’s own Manhattan Project as reported by Cryptopolitan previously.
U.S has kept a close watch on ASML
The U.S. is also wary of ASML’s maintenance agreements there and has raised questions about its sale of deep ultraviolet (DUV) systems to Chinese buyers, a business that makes up as much as a fifth of the firm’s total revenue.
In April, US lawmakers proposed a bill that would push American allies to match Washington’s stricter export controls, naming ASML directly in the draft legislation.
ASML responded by saying it understood the national security reasoning behind rules in both the US and the Netherlands and remained fully committed to following them.
On the other hand, Trump has eased up on some tech export limits toward China. Nvidia received approval in January to sell its H200 AI chips there, and last month, ten Chinese companies were cleared as buyers. Still, Beijing has been encouraging its tech industry to choose domestically made chips instead.
A seperate worry is brewing across the Atlantic
A speculative essay titled Europe 2031, written by a group of Brussels-based researchers, pictures a future where the US and China leave Europe behind because it failed to invest in datacentres, robotics, and homegrown AI.
The piece appeared just one day before the Trump administration reportedly moved to block “foreign nationals” from accessing an AI model called Fable, built by Anthropic.
The essay spread quickly during a week of G7 meetings, fueling talk about the need for Europe to build its own tech independence. Its writers say they feel “vindicated,” partly because one of their predictions, that the US would limit global access to advanced AI systems, briefly came true.
The essay is part of a wider trend of speculative AI scenarios that have drawn attention from officials, including a 2025 piece called AI 2027 that was reportedly read by US Vice President JD Vance.
U.S faces growing data center criticism
Back home, US opposition to data centers has been growing quickly, moving from local complaints into broader fights over land use and resources. Monterey Park, California, became the first US city to permanently ban large data centers this month after residents voted strongly in favor.
New York lawmakers passed a one-year halt on new large-scale data center projects. As of June, fourteen states have weighed similar restrictions, according to the Rockefeller Institute of Government, as officials in Washington increasingly view advanced AI systems as strategic national assets.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
America wants to win the AI race but its own contradictions keep getting in the way
The United States is worried that China has its hands on advanced chip-making machines, sent to them by ASML.
Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break US export rules, which forbid sending ASML’s EUV machines to restricted places like China.
The fact that Lutnick raised this shows Washington has not let its guard down on sensitive tech sales to China, even as President Donald Trump has recently loosened some chip export limits there.
Bloomberg broke the story first, noting that the White House gave reporters no evidence to back up Lutnick’s private remarks.
ASML pushed back on Friday, stating it had “never shipped an EUV machine to China, nor have we shipped to China any component, module, or equipment specially designed to be used in an EUV machine.”
The Dutch government told Reuters it strictly applies its licensing rules to chip-making “equipment, components and technology that explicitly fall under these rules.”
EUV weighs 180 metric tonnes and is as huge as a school bus. TSMC uses this machine for the production of chips used by US top companies like Nvidia. This is why China stays a step back in reaching the level of US chipmakers. However, it was also reported last year that China is attempting to make its own EUV.
That report by Reuters said that it was former ASML engineer working on the prototype for China, country’s own Manhattan Project as reported by Cryptopolitan previously.
U.S has kept a close watch on ASML
The U.S. is also wary of ASML’s maintenance agreements there and has raised questions about its sale of deep ultraviolet (DUV) systems to Chinese buyers, a business that makes up as much as a fifth of the firm’s total revenue.
In April, US lawmakers proposed a bill that would push American allies to match Washington’s stricter export controls, naming ASML directly in the draft legislation.
ASML responded by saying it understood the national security reasoning behind rules in both the US and the Netherlands and remained fully committed to following them.
On the other hand, Trump has eased up on some tech export limits toward China. Nvidia received approval in January to sell its H200 AI chips there, and last month, ten Chinese companies were cleared as buyers. Still, Beijing has been encouraging its tech industry to choose domestically made chips instead.
A seperate worry is brewing across the Atlantic
A speculative essay titled Europe 2031, written by a group of Brussels-based researchers, pictures a future where the US and China leave Europe behind because it failed to invest in datacentres, robotics, and homegrown AI.
The piece appeared just one day before the Trump administration reportedly moved to block “foreign nationals” from accessing an AI model called Fable, built by Anthropic.
The essay spread quickly during a week of G7 meetings, fueling talk about the need for Europe to build its own tech independence. Its writers say they feel “vindicated,” partly because one of their predictions, that the US would limit global access to advanced AI systems, briefly came true.
The essay is part of a wider trend of speculative AI scenarios that have drawn attention from officials, including a 2025 piece called AI 2027 that was reportedly read by US Vice President JD Vance.
U.S faces growing data center criticism
Back home, US opposition to data centers has been growing quickly, moving from local complaints into broader fights over land use and resources. Monterey Park, California, became the first US city to permanently ban large data centers this month after residents voted strongly in favor.
New York lawmakers passed a one-year halt on new large-scale data center projects. As of June, fourteen states have weighed similar restrictions, according to the Rockefeller Institute of Government, as officials in Washington increasingly view advanced AI systems as strategic national assets.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break US export rules, which forbid sending ASML’s EUV machines to restricted places like China.
The fact that Lutnick raised this shows Washington has not let its guard down on sensitive tech sales to China, even as President Donald Trump has recently loosened some chip export limits there.
Bloomberg broke the story first, noting that the White House gave reporters no evidence to back up Lutnick’s private remarks.
ASML pushed back on Friday, stating it had “never shipped an EUV machine to China, nor have we shipped to China any component, module, or equipment specially designed to be used in an EUV machine.”
The Dutch government told Reuters it strictly applies its licensing rules to chip-making “equipment, components and technology that explicitly fall under these rules.”
EUV weighs 180 metric tonnes and is as huge as a school bus. TSMC uses this machine for the production of chips used by US top companies like Nvidia. This is why China stays a step back in reaching the level of US chipmakers. However, it was also reported last year that China is attempting to make its own EUV.
That report by Reuters said that it was former ASML engineer working on the prototype for China, country’s own Manhattan Project as reported by Cryptopolitan previously.
U.S has kept a close watch on ASML
The U.S. is also wary of ASML’s maintenance agreements there and has raised questions about its sale of deep ultraviolet (DUV) systems to Chinese buyers, a business that makes up as much as a fifth of the firm’s total revenue.
In April, US lawmakers proposed a bill that would push American allies to match Washington’s stricter export controls, naming ASML directly in the draft legislation.
ASML responded by saying it understood the national security reasoning behind rules in both the US and the Netherlands and remained fully committed to following them.
On the other hand, Trump has eased up on some tech export limits toward China. Nvidia received approval in January to sell its H200 AI chips there, and last month, ten Chinese companies were cleared as buyers. Still, Beijing has been encouraging its tech industry to choose domestically made chips instead.
A seperate worry is brewing across the Atlantic
A speculative essay titled Europe 2031, written by a group of Brussels-based researchers, pictures a future where the US and China leave Europe behind because it failed to invest in datacentres, robotics, and homegrown AI.
The piece appeared just one day before the Trump administration reportedly moved to block “foreign nationals” from accessing an AI model called Fable, built by Anthropic.
The essay spread quickly during a week of G7 meetings, fueling talk about the need for Europe to build its own tech independence. Its writers say they feel “vindicated,” partly because one of their predictions, that the US would limit global access to advanced AI systems, briefly came true.
The essay is part of a wider trend of speculative AI scenarios that have drawn attention from officials, including a 2025 piece called AI 2027 that was reportedly read by US Vice President JD Vance.
U.S faces growing data center criticism
Back home, US opposition to data centers has been growing quickly, moving from local complaints into broader fights over land use and resources. Monterey Park, California, became the first US city to permanently ban large data centers this month after residents voted strongly in favor.
New York lawmakers passed a one-year halt on new large-scale data center projects. As of June, fourteen states have weighed similar restrictions, according to the Rockefeller Institute of Government, as officials in Washington increasingly view advanced AI systems as strategic national assets.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
279
Tasdiqlangan
Iran orders another shutdown of Strait of HormuzIran has once again ordered the closure of the Strait of Hormuz and this decision is being justified by the fact that there have been more attacks on Lebanon.
The Iranians are saying that the US and Israelis did not stick to the terms of the ceasefire agreement reached just a few days ago.
The claim was not accepted by Washington. The Vice President of the US, JD Vance, said in an interview with Fox News that there was no indication of any active blockade by officials. This came after reports by the Wall Street Journal about Iranian forces returning ships.
US forces note increased activity at Hormuz as Iran threatens to attack vessels
Vance estimated that nearly 16 million barrels of oil had moved through the strait the previous day. This was his estimate for proving that the tankers were still sailing through the strait.
The US Central Command then gave its own tally. According to Centcom, 55 merchant vessels had sailed through the strait on June 20, and the US military was operating near there. These vessels had been carrying cargo along with over 17 million barrels of oil for international markets.
Centcom stated that access through the Strait was still open and that the US military would be observing the region. The US military would also ensure that all conditions of the agreement between US forces and Iran are met.
Iran’s Revolutionary Guard naval branch told ships not to approach the Strait of Hormuz and warned that their safety could be at risk. Iran said the closure answered continuing Israeli action in Lebanon.
The dispute comes before talks in Bürgenstock, Switzerland. Pakistan, acting as mediator, said American and Iranian delegates will attend tomorrow.
Iranian Foreign Ministry spokesman Esmail Baghaei said Tehran will use the session to demand action on promises already written into the agreement. Baghaei said Iran would not begin work on a final settlement until paragraphs 1, 4, 5, 10 and 11 were being carried out and remained in force.
He said that has not happened. Baghaei added that Iran will press the US side to meet its duties during the Swiss talks.
The first section of the 14-point US-Iran agreement calls for a lasting end to military action across every front, including Lebanon. Iran says the new Israeli strikes break that clause.
Fighting in Lebanon deepens the ceasefire dispute before Swiss talks
Reports from southern Lebanon said at least 20 people were killed by Israeli attacks less than one day after a ceasefire between Israel and Hezbollah was announced. Local officials later said 16 people died in Nabatieh and seven more in nearby Saida.
A US official said the previous day that Israel and Hezbollah had accepted a truce. Washington feared more fighting could damage the wider plan to end the war involving the United States and Iran.
The Israeli military confirmed that the ceasefire had started. A spokesman later said Israeli forces would still act against threats they judged immediate.
Hezbollah rejected that position. One official told the BBC that the group did not accept the ceasefire announced by US officials on Friday afternoon. He also said Hezbollah would not accept an Israeli right to enter Lebanon and operate without limits.
The Israel Defense Forces said it attacked dozens of Hezbollah sites after the group launched more than 50 projectiles toward Israeli troops. The IDF and Hezbollah then accused each other of breaking the ceasefire several times during the day.
A separate dispute is building around Iran’s World Cup team. The Iranian football federation plans to file a case with FIFA over travel rules imposed by US authorities.
Visa problems and the conflict with Washington have forced the squad to stay at its tournament base in co-host Mexico. The team must travel to the United States for each of its three group matches. All three group games are scheduled on American soil.
US rules require the Iranian delegation to arrive within 24 hours of kickoff and leave the country that day. Coach Amir Ghalenoei called Iran the tournament’s most oppressed team.
The federation said Friday that the limits do not give every team the same conditions and could hurt Iran’s match preparation.
If you're reading this, you’re already ahead. Stay there with our newsletter.
Iran orders another shutdown of Strait of Hormuz
Iran has once again ordered the closure of the Strait of Hormuz and this decision is being justified by the fact that there have been more attacks on Lebanon.
The Iranians are saying that the US and Israelis did not stick to the terms of the ceasefire agreement reached just a few days ago.
The claim was not accepted by Washington. The Vice President of the US, JD Vance, said in an interview with Fox News that there was no indication of any active blockade by officials. This came after reports by the Wall Street Journal about Iranian forces returning ships.
US forces note increased activity at Hormuz as Iran threatens to attack vessels
Vance estimated that nearly 16 million barrels of oil had moved through the strait the previous day. This was his estimate for proving that the tankers were still sailing through the strait.
The US Central Command then gave its own tally. According to Centcom, 55 merchant vessels had sailed through the strait on June 20, and the US military was operating near there. These vessels had been carrying cargo along with over 17 million barrels of oil for international markets.
Centcom stated that access through the Strait was still open and that the US military would be observing the region. The US military would also ensure that all conditions of the agreement between US forces and Iran are met.
Iran’s Revolutionary Guard naval branch told ships not to approach the Strait of Hormuz and warned that their safety could be at risk. Iran said the closure answered continuing Israeli action in Lebanon.
The dispute comes before talks in Bürgenstock, Switzerland. Pakistan, acting as mediator, said American and Iranian delegates will attend tomorrow.
Iranian Foreign Ministry spokesman Esmail Baghaei said Tehran will use the session to demand action on promises already written into the agreement. Baghaei said Iran would not begin work on a final settlement until paragraphs 1, 4, 5, 10 and 11 were being carried out and remained in force.
He said that has not happened. Baghaei added that Iran will press the US side to meet its duties during the Swiss talks.
The first section of the 14-point US-Iran agreement calls for a lasting end to military action across every front, including Lebanon. Iran says the new Israeli strikes break that clause.
Fighting in Lebanon deepens the ceasefire dispute before Swiss talks
Reports from southern Lebanon said at least 20 people were killed by Israeli attacks less than one day after a ceasefire between Israel and Hezbollah was announced. Local officials later said 16 people died in Nabatieh and seven more in nearby Saida.
A US official said the previous day that Israel and Hezbollah had accepted a truce. Washington feared more fighting could damage the wider plan to end the war involving the United States and Iran.
The Israeli military confirmed that the ceasefire had started. A spokesman later said Israeli forces would still act against threats they judged immediate.
Hezbollah rejected that position. One official told the BBC that the group did not accept the ceasefire announced by US officials on Friday afternoon. He also said Hezbollah would not accept an Israeli right to enter Lebanon and operate without limits.
The Israel Defense Forces said it attacked dozens of Hezbollah sites after the group launched more than 50 projectiles toward Israeli troops. The IDF and Hezbollah then accused each other of breaking the ceasefire several times during the day.
A separate dispute is building around Iran’s World Cup team. The Iranian football federation plans to file a case with FIFA over travel rules imposed by US authorities.
Visa problems and the conflict with Washington have forced the squad to stay at its tournament base in co-host Mexico. The team must travel to the United States for each of its three group matches. All three group games are scheduled on American soil.
US rules require the Iranian delegation to arrive within 24 hours of kickoff and leave the country that day. Coach Amir Ghalenoei called Iran the tournament’s most oppressed team.
The federation said Friday that the limits do not give every team the same conditions and could hurt Iran’s match preparation.
If you're reading this, you’re already ahead. Stay there with our newsletter.
The Iranians are saying that the US and Israelis did not stick to the terms of the ceasefire agreement reached just a few days ago.
The claim was not accepted by Washington. The Vice President of the US, JD Vance, said in an interview with Fox News that there was no indication of any active blockade by officials. This came after reports by the Wall Street Journal about Iranian forces returning ships.
US forces note increased activity at Hormuz as Iran threatens to attack vessels
Vance estimated that nearly 16 million barrels of oil had moved through the strait the previous day. This was his estimate for proving that the tankers were still sailing through the strait.
The US Central Command then gave its own tally. According to Centcom, 55 merchant vessels had sailed through the strait on June 20, and the US military was operating near there. These vessels had been carrying cargo along with over 17 million barrels of oil for international markets.
Centcom stated that access through the Strait was still open and that the US military would be observing the region. The US military would also ensure that all conditions of the agreement between US forces and Iran are met.
Iran’s Revolutionary Guard naval branch told ships not to approach the Strait of Hormuz and warned that their safety could be at risk. Iran said the closure answered continuing Israeli action in Lebanon.
The dispute comes before talks in Bürgenstock, Switzerland. Pakistan, acting as mediator, said American and Iranian delegates will attend tomorrow.
Iranian Foreign Ministry spokesman Esmail Baghaei said Tehran will use the session to demand action on promises already written into the agreement. Baghaei said Iran would not begin work on a final settlement until paragraphs 1, 4, 5, 10 and 11 were being carried out and remained in force.
He said that has not happened. Baghaei added that Iran will press the US side to meet its duties during the Swiss talks.
The first section of the 14-point US-Iran agreement calls for a lasting end to military action across every front, including Lebanon. Iran says the new Israeli strikes break that clause.
Fighting in Lebanon deepens the ceasefire dispute before Swiss talks
Reports from southern Lebanon said at least 20 people were killed by Israeli attacks less than one day after a ceasefire between Israel and Hezbollah was announced. Local officials later said 16 people died in Nabatieh and seven more in nearby Saida.
A US official said the previous day that Israel and Hezbollah had accepted a truce. Washington feared more fighting could damage the wider plan to end the war involving the United States and Iran.
The Israeli military confirmed that the ceasefire had started. A spokesman later said Israeli forces would still act against threats they judged immediate.
Hezbollah rejected that position. One official told the BBC that the group did not accept the ceasefire announced by US officials on Friday afternoon. He also said Hezbollah would not accept an Israeli right to enter Lebanon and operate without limits.
The Israel Defense Forces said it attacked dozens of Hezbollah sites after the group launched more than 50 projectiles toward Israeli troops. The IDF and Hezbollah then accused each other of breaking the ceasefire several times during the day.
A separate dispute is building around Iran’s World Cup team. The Iranian football federation plans to file a case with FIFA over travel rules imposed by US authorities.
Visa problems and the conflict with Washington have forced the squad to stay at its tournament base in co-host Mexico. The team must travel to the United States for each of its three group matches. All three group games are scheduled on American soil.
US rules require the Iranian delegation to arrive within 24 hours of kickoff and leave the country that day. Coach Amir Ghalenoei called Iran the tournament’s most oppressed team.
The federation said Friday that the limits do not give every team the same conditions and could hurt Iran’s match preparation.
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681
UK readies new clash with Big Tech over plan to force YouTube and Meta to promote British newsFollowing its social media ban, Britain’s government is preparing regulations that would force YouTube, Meta and other platforms to give greater priority to content from the BBC, ITV, Channel 4 and other British public service broadcasters.
The UK government has been picking fights with major tech companies. Its social media ban for under-16s drew sharp pushback from nearly every major platform, and its demand that Apple build access into its end-to-end encryption system started a transatlantic dispute that reached the U.S. Congress.
Why is the UK government pushing for these new rules?
The UK government is preparing new rules that would force YouTube, Meta, and other platforms to give greater coverage to British public service broadcasters’ content.
Both the government and broadcasters say they are worried that trusted news is being drowned out on digital platforms where audiences now spend most of their time.
YouTube is now the second most-watched service in the UK, behind only the BBC and ahead of ITV. Viewers spent an average of 39 minutes a day on YouTube in 2024. One in five young viewers aged four to 15 went straight to YouTube as their first TV destination.
Ofcom, the UK communications regulator, has warned that “time is running out” to save public service broadcasting. The regulator is in support of the new laws that ensure that PSB content is more prominent.
In a joint statement, the BBC and other public service broadcasters said they need their content to “stand out in a crowded online world.” They warned that platforms are “driven by profit” and that most content on them is not subjected to the same safeguards and regulatory standards as the PSBs.
However, forcing platforms to elevate specific publishers’ content means asking them to restructure how their algorithms rank material, potentially at the expense of creators and publishers who generate the engagement those platforms monetize.
Under standard terms, YouTube keeps about 45% of advertising revenue generated by content on its platform. ITV’s chief executive Dame Carolyn McCall said there is no point in telling broadcasters to go on these platforms if the fees are so high it stops them from making any money.
Channel 4’s interim chief executive Jonathan Allan said the broadcaster was “very happy to work with YouTube” without being forced to by the law. He later conceded that some regulations are needed because there’s a significant difference between individual creators and large broadcasters.
The government supports attempts by broadcasters such as the BBC to move to where their audiences are on video and social platforms.
The government is also considering “on-demand” and streaming rights for events such as the World Cup, the Olympics and Wimbledon within the scope of the rules so that they cannot be sold off separately to streamers.
What other fights has the UK had with Big Tech recently?
On June 15, Prime Minister Keir Starmer announced a ban on 10 social media platforms for users under 16, including YouTube, Instagram, TikTok, Snapchat and X. The restrictions are scheduled for spring 2027.
Tech companies reacted with near-unanimous criticism. YouTube called the policy “counterproductive,” arguing that the ban might push kids towards anonymous and less safe services. Meta warned the restrictions “risk isolating teens from online communities” and driving them to unregulated alternatives.
Snapchat also said the same.
Signal’s president, Meredith Whittaker, told Bloomberg that the company would leave the UK market rather than comply with user verification requirements, calling the proposals “very dangerous mass surveillance.”
In an earlier clash with Big Tech, the UK used secret powers under the Investigatory Powers Act to seek access to Apple’s encrypted iCloud data. The government served Apple with a “Technical Capability Notice” ordering it to provide access to encrypted material.
Apple pulled its Advanced Data Protection feature from the UK in February and launched legal proceedings against the government in March. The Electronic Frontier Foundation said any backdoor built for the government “puts everyone at greater risk of hacking, identity theft, and fraud.”
All the way from the U.S. Congress, House Judiciary Committee Chairman Jim Jordan wrote to UK Home Secretary Shabana Mahmood, warning that the lack of coordination was cause for concerns about the trust and effective partnership between the two countries.
If you're reading this, you’re already ahead. Stay there with our newsletter.
UK readies new clash with Big Tech over plan to force YouTube and Meta to promote British news
Following its social media ban, Britain’s government is preparing regulations that would force YouTube, Meta and other platforms to give greater priority to content from the BBC, ITV, Channel 4 and other British public service broadcasters.
The UK government has been picking fights with major tech companies. Its social media ban for under-16s drew sharp pushback from nearly every major platform, and its demand that Apple build access into its end-to-end encryption system started a transatlantic dispute that reached the U.S. Congress.
Why is the UK government pushing for these new rules?
The UK government is preparing new rules that would force YouTube, Meta, and other platforms to give greater coverage to British public service broadcasters’ content.
Both the government and broadcasters say they are worried that trusted news is being drowned out on digital platforms where audiences now spend most of their time.
YouTube is now the second most-watched service in the UK, behind only the BBC and ahead of ITV. Viewers spent an average of 39 minutes a day on YouTube in 2024. One in five young viewers aged four to 15 went straight to YouTube as their first TV destination.
Ofcom, the UK communications regulator, has warned that “time is running out” to save public service broadcasting. The regulator is in support of the new laws that ensure that PSB content is more prominent.
In a joint statement, the BBC and other public service broadcasters said they need their content to “stand out in a crowded online world.” They warned that platforms are “driven by profit” and that most content on them is not subjected to the same safeguards and regulatory standards as the PSBs.
However, forcing platforms to elevate specific publishers’ content means asking them to restructure how their algorithms rank material, potentially at the expense of creators and publishers who generate the engagement those platforms monetize.
Under standard terms, YouTube keeps about 45% of advertising revenue generated by content on its platform. ITV’s chief executive Dame Carolyn McCall said there is no point in telling broadcasters to go on these platforms if the fees are so high it stops them from making any money.
Channel 4’s interim chief executive Jonathan Allan said the broadcaster was “very happy to work with YouTube” without being forced to by the law. He later conceded that some regulations are needed because there’s a significant difference between individual creators and large broadcasters.
The government supports attempts by broadcasters such as the BBC to move to where their audiences are on video and social platforms.
The government is also considering “on-demand” and streaming rights for events such as the World Cup, the Olympics and Wimbledon within the scope of the rules so that they cannot be sold off separately to streamers.
What other fights has the UK had with Big Tech recently?
On June 15, Prime Minister Keir Starmer announced a ban on 10 social media platforms for users under 16, including YouTube, Instagram, TikTok, Snapchat and X. The restrictions are scheduled for spring 2027.
Tech companies reacted with near-unanimous criticism. YouTube called the policy “counterproductive,” arguing that the ban might push kids towards anonymous and less safe services. Meta warned the restrictions “risk isolating teens from online communities” and driving them to unregulated alternatives.
Snapchat also said the same.
Signal’s president, Meredith Whittaker, told Bloomberg that the company would leave the UK market rather than comply with user verification requirements, calling the proposals “very dangerous mass surveillance.”
In an earlier clash with Big Tech, the UK used secret powers under the Investigatory Powers Act to seek access to Apple’s encrypted iCloud data. The government served Apple with a “Technical Capability Notice” ordering it to provide access to encrypted material.
Apple pulled its Advanced Data Protection feature from the UK in February and launched legal proceedings against the government in March. The Electronic Frontier Foundation said any backdoor built for the government “puts everyone at greater risk of hacking, identity theft, and fraud.”
All the way from the U.S. Congress, House Judiciary Committee Chairman Jim Jordan wrote to UK Home Secretary Shabana Mahmood, warning that the lack of coordination was cause for concerns about the trust and effective partnership between the two countries.
If you're reading this, you’re already ahead. Stay there with our newsletter.
The UK government has been picking fights with major tech companies. Its social media ban for under-16s drew sharp pushback from nearly every major platform, and its demand that Apple build access into its end-to-end encryption system started a transatlantic dispute that reached the U.S. Congress.
Why is the UK government pushing for these new rules?
The UK government is preparing new rules that would force YouTube, Meta, and other platforms to give greater coverage to British public service broadcasters’ content.
Both the government and broadcasters say they are worried that trusted news is being drowned out on digital platforms where audiences now spend most of their time.
YouTube is now the second most-watched service in the UK, behind only the BBC and ahead of ITV. Viewers spent an average of 39 minutes a day on YouTube in 2024. One in five young viewers aged four to 15 went straight to YouTube as their first TV destination.
Ofcom, the UK communications regulator, has warned that “time is running out” to save public service broadcasting. The regulator is in support of the new laws that ensure that PSB content is more prominent.
In a joint statement, the BBC and other public service broadcasters said they need their content to “stand out in a crowded online world.” They warned that platforms are “driven by profit” and that most content on them is not subjected to the same safeguards and regulatory standards as the PSBs.
However, forcing platforms to elevate specific publishers’ content means asking them to restructure how their algorithms rank material, potentially at the expense of creators and publishers who generate the engagement those platforms monetize.
Under standard terms, YouTube keeps about 45% of advertising revenue generated by content on its platform. ITV’s chief executive Dame Carolyn McCall said there is no point in telling broadcasters to go on these platforms if the fees are so high it stops them from making any money.
Channel 4’s interim chief executive Jonathan Allan said the broadcaster was “very happy to work with YouTube” without being forced to by the law. He later conceded that some regulations are needed because there’s a significant difference between individual creators and large broadcasters.
The government supports attempts by broadcasters such as the BBC to move to where their audiences are on video and social platforms.
The government is also considering “on-demand” and streaming rights for events such as the World Cup, the Olympics and Wimbledon within the scope of the rules so that they cannot be sold off separately to streamers.
What other fights has the UK had with Big Tech recently?
On June 15, Prime Minister Keir Starmer announced a ban on 10 social media platforms for users under 16, including YouTube, Instagram, TikTok, Snapchat and X. The restrictions are scheduled for spring 2027.
Tech companies reacted with near-unanimous criticism. YouTube called the policy “counterproductive,” arguing that the ban might push kids towards anonymous and less safe services. Meta warned the restrictions “risk isolating teens from online communities” and driving them to unregulated alternatives.
Snapchat also said the same.
Signal’s president, Meredith Whittaker, told Bloomberg that the company would leave the UK market rather than comply with user verification requirements, calling the proposals “very dangerous mass surveillance.”
In an earlier clash with Big Tech, the UK used secret powers under the Investigatory Powers Act to seek access to Apple’s encrypted iCloud data. The government served Apple with a “Technical Capability Notice” ordering it to provide access to encrypted material.
Apple pulled its Advanced Data Protection feature from the UK in February and launched legal proceedings against the government in March. The Electronic Frontier Foundation said any backdoor built for the government “puts everyone at greater risk of hacking, identity theft, and fraud.”
All the way from the U.S. Congress, House Judiciary Committee Chairman Jim Jordan wrote to UK Home Secretary Shabana Mahmood, warning that the lack of coordination was cause for concerns about the trust and effective partnership between the two countries.
If you're reading this, you’re already ahead. Stay there with our newsletter.
195
ENS DAO proposes expanding Foundation powers in governance overhaulThe Ethereum Name Service DAO, otherwise known as the ENS DAO, published a temp check proposal on June 19 to restructure how the organization operates.
The proposal, authored by katherine.eth and posted on the ENS governance forum, states that the DAO’s current structure forces token voters into operational decisions they sometimes have no business making.
That’s why this motion is being considered to delegate protocol-level control to token holders, while the ENS Foundation itself handles day-to-day management. Under the new proposed structure, registration revenue, treasury management, grant distribution, and coordination across working groups would move under the Foundation.
“The root of the current dysfunction within the ENS DAO comes from the gap between what the DAO was meant to do (steward credibly neutral infrastructure) and what it actually does day to day (act as a budget committee for an organization),” the proposal states on the ENS governance forum.
What are the five problems the ENS DAO proposal identified?
The proposal identifies five structural failures in the current ENS DAO setup.
The first is delegate fatigue. Stewards and delegates face a growing queue of votes on topics they cannot evaluate well, and the cognitive cost is pushing experienced participants out.
The DAO also spends its scarce voting bandwidth on routine operational questions while larger strategic decisions suffer neglect.
The third problem is the absence of a formal accountability layer between the DAO and entities it funds.
The fourth problem the katherine.eth proposal flags is the slow pace of coordination across working groups and the service provider program.
The fifth problem, which only became an issue in this version of the proposal, is the amount of treasury assets, endowment, and token reserves that ENS holds. These assets require multi-year capital planning, and while token voting can approve decisions about these assets, it cannot execute a sustained strategy. That work demands continuity, professional execution, and the ability to act as a counterparty to institutional managers.
What will the ENS Foundation handle now?
Under the proposed structure, the Foundation would gain authority over operations, grants, and long-term capital stewardship.
Tokenholders would retain two powers the proposal calls non-negotiable. The powers are control over the ENS protocol itself and the ability to remove Foundation directors.
The ENS DAO announced the temp check on X on June 19, stating that it was a proposal to “evolve the ENS DAO by expanding the Foundation’s role in operations, grants, and long-term capital stewardship.”
The previous iteration tried to solve coordination problems by adding a budget-allocating board on top of the existing DAO structure.
This version sees layering new bodies onto a broken foundation as insufficient. It calls for substantively resourcing and empowering the Foundation itself.
Is there a growing trend of DAO restructuring in the crypto industry?
Several protocols that launched DAOs around the same period as ENS have already moved away from the structure, with some of them consolidating authority. Some have converted tokens back to equity or folded DAO legal entities into their labs teams.
ENS differs from most of those cases because ENS Labs is largely self-sustaining and not venture-backed. An initial $1 million grant from the Ethereum Foundation and ongoing revenue from .eth domain registrations have kept the organization funded without venture capital.
The independence ENS enjoys also means that it cannot follow the same governance playbook that was designed for venture-backed protocols. However, it also gives the organization room to design something different.
The ENS token traded at $4.79 as of June 20, down more than 94% from its all-time high of $85.69 set in November 2021, according to CoinMarketCap data. The token has a circulating supply of 40.4 million out of a total supply of 100 million.
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ENS DAO proposes expanding Foundation powers in governance overhaul
The Ethereum Name Service DAO, otherwise known as the ENS DAO, published a temp check proposal on June 19 to restructure how the organization operates.
The proposal, authored by katherine.eth and posted on the ENS governance forum, states that the DAO’s current structure forces token voters into operational decisions they sometimes have no business making.
That’s why this motion is being considered to delegate protocol-level control to token holders, while the ENS Foundation itself handles day-to-day management. Under the new proposed structure, registration revenue, treasury management, grant distribution, and coordination across working groups would move under the Foundation.
“The root of the current dysfunction within the ENS DAO comes from the gap between what the DAO was meant to do (steward credibly neutral infrastructure) and what it actually does day to day (act as a budget committee for an organization),” the proposal states on the ENS governance forum.
What are the five problems the ENS DAO proposal identified?
The proposal identifies five structural failures in the current ENS DAO setup.
The first is delegate fatigue. Stewards and delegates face a growing queue of votes on topics they cannot evaluate well, and the cognitive cost is pushing experienced participants out.
The DAO also spends its scarce voting bandwidth on routine operational questions while larger strategic decisions suffer neglect.
The third problem is the absence of a formal accountability layer between the DAO and entities it funds.
The fourth problem the katherine.eth proposal flags is the slow pace of coordination across working groups and the service provider program.
The fifth problem, which only became an issue in this version of the proposal, is the amount of treasury assets, endowment, and token reserves that ENS holds. These assets require multi-year capital planning, and while token voting can approve decisions about these assets, it cannot execute a sustained strategy. That work demands continuity, professional execution, and the ability to act as a counterparty to institutional managers.
What will the ENS Foundation handle now?
Under the proposed structure, the Foundation would gain authority over operations, grants, and long-term capital stewardship.
Tokenholders would retain two powers the proposal calls non-negotiable. The powers are control over the ENS protocol itself and the ability to remove Foundation directors.
The ENS DAO announced the temp check on X on June 19, stating that it was a proposal to “evolve the ENS DAO by expanding the Foundation’s role in operations, grants, and long-term capital stewardship.”
The previous iteration tried to solve coordination problems by adding a budget-allocating board on top of the existing DAO structure.
This version sees layering new bodies onto a broken foundation as insufficient. It calls for substantively resourcing and empowering the Foundation itself.
Is there a growing trend of DAO restructuring in the crypto industry?
Several protocols that launched DAOs around the same period as ENS have already moved away from the structure, with some of them consolidating authority. Some have converted tokens back to equity or folded DAO legal entities into their labs teams.
ENS differs from most of those cases because ENS Labs is largely self-sustaining and not venture-backed. An initial $1 million grant from the Ethereum Foundation and ongoing revenue from .eth domain registrations have kept the organization funded without venture capital.
The independence ENS enjoys also means that it cannot follow the same governance playbook that was designed for venture-backed protocols. However, it also gives the organization room to design something different.
The ENS token traded at $4.79 as of June 20, down more than 94% from its all-time high of $85.69 set in November 2021, according to CoinMarketCap data. The token has a circulating supply of 40.4 million out of a total supply of 100 million.
The smartest crypto minds already read our newsletter. Want in? Join them.
The proposal, authored by katherine.eth and posted on the ENS governance forum, states that the DAO’s current structure forces token voters into operational decisions they sometimes have no business making.
That’s why this motion is being considered to delegate protocol-level control to token holders, while the ENS Foundation itself handles day-to-day management. Under the new proposed structure, registration revenue, treasury management, grant distribution, and coordination across working groups would move under the Foundation.
“The root of the current dysfunction within the ENS DAO comes from the gap between what the DAO was meant to do (steward credibly neutral infrastructure) and what it actually does day to day (act as a budget committee for an organization),” the proposal states on the ENS governance forum.
What are the five problems the ENS DAO proposal identified?
The proposal identifies five structural failures in the current ENS DAO setup.
The first is delegate fatigue. Stewards and delegates face a growing queue of votes on topics they cannot evaluate well, and the cognitive cost is pushing experienced participants out.
The DAO also spends its scarce voting bandwidth on routine operational questions while larger strategic decisions suffer neglect.
The third problem is the absence of a formal accountability layer between the DAO and entities it funds.
The fourth problem the katherine.eth proposal flags is the slow pace of coordination across working groups and the service provider program.
The fifth problem, which only became an issue in this version of the proposal, is the amount of treasury assets, endowment, and token reserves that ENS holds. These assets require multi-year capital planning, and while token voting can approve decisions about these assets, it cannot execute a sustained strategy. That work demands continuity, professional execution, and the ability to act as a counterparty to institutional managers.
What will the ENS Foundation handle now?
Under the proposed structure, the Foundation would gain authority over operations, grants, and long-term capital stewardship.
Tokenholders would retain two powers the proposal calls non-negotiable. The powers are control over the ENS protocol itself and the ability to remove Foundation directors.
The ENS DAO announced the temp check on X on June 19, stating that it was a proposal to “evolve the ENS DAO by expanding the Foundation’s role in operations, grants, and long-term capital stewardship.”
The previous iteration tried to solve coordination problems by adding a budget-allocating board on top of the existing DAO structure.
This version sees layering new bodies onto a broken foundation as insufficient. It calls for substantively resourcing and empowering the Foundation itself.
Is there a growing trend of DAO restructuring in the crypto industry?
Several protocols that launched DAOs around the same period as ENS have already moved away from the structure, with some of them consolidating authority. Some have converted tokens back to equity or folded DAO legal entities into their labs teams.
ENS differs from most of those cases because ENS Labs is largely self-sustaining and not venture-backed. An initial $1 million grant from the Ethereum Foundation and ongoing revenue from .eth domain registrations have kept the organization funded without venture capital.
The independence ENS enjoys also means that it cannot follow the same governance playbook that was designed for venture-backed protocols. However, it also gives the organization room to design something different.
The ENS token traded at $4.79 as of June 20, down more than 94% from its all-time high of $85.69 set in November 2021, according to CoinMarketCap data. The token has a circulating supply of 40.4 million out of a total supply of 100 million.
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173
FBI will find you: Director Kash Patel issues blunt warning to crypto fraudstersFBI Director Kash Patel has issued a direct warning to crypto fraudsters that their time is up. He posted on X that the bureau will find them and bring them to justice,” a message that arrives as cryptocurrency fraud continues to overtake every other category of cybercrime in America.
Patel pointed out that crypto fraudsters have been scamming and exploiting the American people for too long. He also attached a video showing the magnitude of the problem crypto scammers are causing unsuspecting victims.
Over the past few months, the FBI has ramped up its public stance on digital asset crime.
Last year alone, Americans lost over $20 billion to cybercrime, with over half of that amount due to crypto-related fraud. Digital asset crime in the U.S accounted for $11 billion according to data from the FBI Internet Crime Complaint Center (IC3).
Investment fraud, the broader bucket that includes most pig-butchering and fake-platform schemes, was the single costliest category at $10.7 billion. Elderly Americans were the most affected demographic, constituting over one-third of the total recorded losses.
According to the reports, California, Florida, and Texas topped the list of states most affected by crypto-specific scams.
FBI intensifies fight against crypto crime
FBI director Kash Patel said he prefers following the money trail over chasing individuals. He credited the Trump administration’s new relationships with foreign governments, which have allowed the agency to conduct investigations in areas previously beyond its reach.
He cited recent wins as proof that the approach works, including an operation earlier this year that led to roughly 300 arrests in Dubai tied to an estimated $4 billion in fraud.
The bureau also froze more than 3,000 illicit crypto wallets to date and recovered more than $500 million. FBI’s Patel’s latest statement shows plans to further intensify the asset recovery process.
Digital asset crime increases despite law enforcement measures
Earlier, the UK’s National Crime Agency closed out Operation Atlantic, in collaboration with the U.S. Secret Service, the Ontario Provincial Police, and the Ontario Securities Commission, which targeted “approval phishing.” A phishing scam in which victims are tricked into signing a transaction that grants the criminal direct control of their wallet.
During the operation, more than 20,000 victims were identified across 30-plus countries, $12 million was frozen, another $33 million in suspected fraud was flagged for further investigation, and over 120 scam-linked web domains were taken down.
NCA Deputy Director of Investigations Miles Bonfield called it proof of what’s possible “when international agencies and private industry work side by side. U.S. Secret Service Assistant Director Brent Daniels applauded the operation, saying it denied criminals the ability to prey on unsuspecting victims.
The Blockchain analytics firm Chainalysis estimates that crypto-based money laundering reached $82 billion globally in 2025, an eightfold increase since 2020.
Chinese-language money laundering networks are reportedly now processing roughly a fifth of all illicit crypto flows over the past five years, according to Chris Skinner. A separate estimate from TRM Labs puts total illicit crypto activity even higher, at $158 billion for the year, a 145% jump from 2024.
The smartest crypto minds already read our newsletter. Want in? Join them.
FBI will find you: Director Kash Patel issues blunt warning to crypto fraudsters
FBI Director Kash Patel has issued a direct warning to crypto fraudsters that their time is up. He posted on X that the bureau will find them and bring them to justice,” a message that arrives as cryptocurrency fraud continues to overtake every other category of cybercrime in America.
Patel pointed out that crypto fraudsters have been scamming and exploiting the American people for too long. He also attached a video showing the magnitude of the problem crypto scammers are causing unsuspecting victims.
Over the past few months, the FBI has ramped up its public stance on digital asset crime.
Last year alone, Americans lost over $20 billion to cybercrime, with over half of that amount due to crypto-related fraud. Digital asset crime in the U.S accounted for $11 billion according to data from the FBI Internet Crime Complaint Center (IC3).
Investment fraud, the broader bucket that includes most pig-butchering and fake-platform schemes, was the single costliest category at $10.7 billion. Elderly Americans were the most affected demographic, constituting over one-third of the total recorded losses.
According to the reports, California, Florida, and Texas topped the list of states most affected by crypto-specific scams.
FBI intensifies fight against crypto crime
FBI director Kash Patel said he prefers following the money trail over chasing individuals. He credited the Trump administration’s new relationships with foreign governments, which have allowed the agency to conduct investigations in areas previously beyond its reach.
He cited recent wins as proof that the approach works, including an operation earlier this year that led to roughly 300 arrests in Dubai tied to an estimated $4 billion in fraud.
The bureau also froze more than 3,000 illicit crypto wallets to date and recovered more than $500 million. FBI’s Patel’s latest statement shows plans to further intensify the asset recovery process.
Digital asset crime increases despite law enforcement measures
Earlier, the UK’s National Crime Agency closed out Operation Atlantic, in collaboration with the U.S. Secret Service, the Ontario Provincial Police, and the Ontario Securities Commission, which targeted “approval phishing.” A phishing scam in which victims are tricked into signing a transaction that grants the criminal direct control of their wallet.
During the operation, more than 20,000 victims were identified across 30-plus countries, $12 million was frozen, another $33 million in suspected fraud was flagged for further investigation, and over 120 scam-linked web domains were taken down.
NCA Deputy Director of Investigations Miles Bonfield called it proof of what’s possible “when international agencies and private industry work side by side. U.S. Secret Service Assistant Director Brent Daniels applauded the operation, saying it denied criminals the ability to prey on unsuspecting victims.
The Blockchain analytics firm Chainalysis estimates that crypto-based money laundering reached $82 billion globally in 2025, an eightfold increase since 2020.
Chinese-language money laundering networks are reportedly now processing roughly a fifth of all illicit crypto flows over the past five years, according to Chris Skinner. A separate estimate from TRM Labs puts total illicit crypto activity even higher, at $158 billion for the year, a 145% jump from 2024.
The smartest crypto minds already read our newsletter. Want in? Join them.
Patel pointed out that crypto fraudsters have been scamming and exploiting the American people for too long. He also attached a video showing the magnitude of the problem crypto scammers are causing unsuspecting victims.
Over the past few months, the FBI has ramped up its public stance on digital asset crime.
Last year alone, Americans lost over $20 billion to cybercrime, with over half of that amount due to crypto-related fraud. Digital asset crime in the U.S accounted for $11 billion according to data from the FBI Internet Crime Complaint Center (IC3).
Investment fraud, the broader bucket that includes most pig-butchering and fake-platform schemes, was the single costliest category at $10.7 billion. Elderly Americans were the most affected demographic, constituting over one-third of the total recorded losses.
According to the reports, California, Florida, and Texas topped the list of states most affected by crypto-specific scams.
FBI intensifies fight against crypto crime
FBI director Kash Patel said he prefers following the money trail over chasing individuals. He credited the Trump administration’s new relationships with foreign governments, which have allowed the agency to conduct investigations in areas previously beyond its reach.
He cited recent wins as proof that the approach works, including an operation earlier this year that led to roughly 300 arrests in Dubai tied to an estimated $4 billion in fraud.
The bureau also froze more than 3,000 illicit crypto wallets to date and recovered more than $500 million. FBI’s Patel’s latest statement shows plans to further intensify the asset recovery process.
Digital asset crime increases despite law enforcement measures
Earlier, the UK’s National Crime Agency closed out Operation Atlantic, in collaboration with the U.S. Secret Service, the Ontario Provincial Police, and the Ontario Securities Commission, which targeted “approval phishing.” A phishing scam in which victims are tricked into signing a transaction that grants the criminal direct control of their wallet.
During the operation, more than 20,000 victims were identified across 30-plus countries, $12 million was frozen, another $33 million in suspected fraud was flagged for further investigation, and over 120 scam-linked web domains were taken down.
NCA Deputy Director of Investigations Miles Bonfield called it proof of what’s possible “when international agencies and private industry work side by side. U.S. Secret Service Assistant Director Brent Daniels applauded the operation, saying it denied criminals the ability to prey on unsuspecting victims.
The Blockchain analytics firm Chainalysis estimates that crypto-based money laundering reached $82 billion globally in 2025, an eightfold increase since 2020.
Chinese-language money laundering networks are reportedly now processing roughly a fifth of all illicit crypto flows over the past five years, according to Chris Skinner. A separate estimate from TRM Labs puts total illicit crypto activity even higher, at $158 billion for the year, a 145% jump from 2024.
The smartest crypto minds already read our newsletter. Want in? Join them.
139
UK court tests whether Bitcoin debts must be repaid in BitcoinA London case is posing an important question for English law: whether a judge would be able to compel one party to give back Bitcoin or only its pound-sterling equivalent. This is important since fluctuations in the value of Bitcoin will make the payment of the debt either more or less favorable, depending on what form it takes.
The case Hussain v Fix was heard in London on June 18th, where the claimant demanded the recovery of 7.8 BTC (Bitcoin) related to their business costs under a previous agreement. The defendant did not show up to contest the claim.
Bitcoin is property, but enforcement is another question
The presiding judge confirmed what UK legal authorities have broadly accepted since a 2019 determination by the UK Jurisdiction Taskforce: Bitcoin qualifies as property under English law. That classification gives holders legal standing to pursue claims over their coins in civil courts.
But recognizing Bitcoin as property and ordering someone to hand it over are two different things. The judge reportedly stopped short of ruling that a court can compel a debtor to pay in Bitcoin rather than in cash. Courts have long enforced obligations payable in non-cash assets, from shares to physical goods. However, whether or not such a power includes making the creditor be repaid in a specific cryptocurrency is not yet established in England.
It is important financially. For example, if a creditor gives out 7.8 BTC at $30,000, and he gets an order for repayment in pounds when Bitcoin costs more than $100,000, he gets much less money than he originally gave. The opposite situation will make it harder for the debtor.
A loophole within the legal system
This loophole was pointed out by Norton Rose Fulbright, a global law firm, during its January 2026 assessment of digital asset disputes. Courts in important jurisdictions are “refining legal principles on trust, possession and contractual obligations in the digital asset context,” the firm stated. Indeed, while in the UK there were further developments in classifying property rights for digital assets in 2025, there hasn’t been any progress in enforcing in-kind repayments.
In the absence of clear wording in contracts stating that repayment is to be done using cryptocurrency, the court can opt for repayment in fiat currency. That default creates exchange-rate exposure neither party bargained for.
The UK is not the only jurisdiction to have faced the question of how Bitcoin can be classified legally. On June 1, a decision by a South African High Court declared that 1,680 BTC confiscated from a crypto trader is “capital” in accordance with exchange control regulations of the country. Judge Stuart David James Wilson concluded that Bitcoin should be considered capital as it can be bought with local currency, held for speculation, and is accepted by some merchants as payment.
This came on the heels of a joint statement issued by the South African Reserve Bank and the Financial Sector Conduct Authority, which stated that cryptocurrency is not legal tender or money in terms of the National Payment System Act. The contradiction between the court’s finding and the regulators’ position illustrates how far behind legislative frameworks remain.
What happens next
In light of the Hussain v Fix decision, legal analysts quoted in BitcoinWorld anticipate even more pressure being placed upon Parliament or the Law Commission to clarify how cryptocurrency repayment should be enforced. Until such clarification arrives, any parties lending or receiving Bitcoin in the UK find themselves in a situation where an oral agreement regarding crypto could lead to a ruling awarding pounds rather than cryptocurrencies.
The proceedings have yet to reach completion, and there are no decisions by a higher court regarding the matter. Any parties who receive IOUs in Bitcoins as payment would do well to draw up a written contract that spells out exactly what gets repaid and in what form.
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UK court tests whether Bitcoin debts must be repaid in Bitcoin
A London case is posing an important question for English law: whether a judge would be able to compel one party to give back Bitcoin or only its pound-sterling equivalent. This is important since fluctuations in the value of Bitcoin will make the payment of the debt either more or less favorable, depending on what form it takes.
The case Hussain v Fix was heard in London on June 18th, where the claimant demanded the recovery of 7.8 BTC (Bitcoin) related to their business costs under a previous agreement. The defendant did not show up to contest the claim.
Bitcoin is property, but enforcement is another question
The presiding judge confirmed what UK legal authorities have broadly accepted since a 2019 determination by the UK Jurisdiction Taskforce: Bitcoin qualifies as property under English law. That classification gives holders legal standing to pursue claims over their coins in civil courts.
But recognizing Bitcoin as property and ordering someone to hand it over are two different things. The judge reportedly stopped short of ruling that a court can compel a debtor to pay in Bitcoin rather than in cash. Courts have long enforced obligations payable in non-cash assets, from shares to physical goods. However, whether or not such a power includes making the creditor be repaid in a specific cryptocurrency is not yet established in England.
It is important financially. For example, if a creditor gives out 7.8 BTC at $30,000, and he gets an order for repayment in pounds when Bitcoin costs more than $100,000, he gets much less money than he originally gave. The opposite situation will make it harder for the debtor.
A loophole within the legal system
This loophole was pointed out by Norton Rose Fulbright, a global law firm, during its January 2026 assessment of digital asset disputes. Courts in important jurisdictions are “refining legal principles on trust, possession and contractual obligations in the digital asset context,” the firm stated. Indeed, while in the UK there were further developments in classifying property rights for digital assets in 2025, there hasn’t been any progress in enforcing in-kind repayments.
In the absence of clear wording in contracts stating that repayment is to be done using cryptocurrency, the court can opt for repayment in fiat currency. That default creates exchange-rate exposure neither party bargained for.
The UK is not the only jurisdiction to have faced the question of how Bitcoin can be classified legally. On June 1, a decision by a South African High Court declared that 1,680 BTC confiscated from a crypto trader is “capital” in accordance with exchange control regulations of the country. Judge Stuart David James Wilson concluded that Bitcoin should be considered capital as it can be bought with local currency, held for speculation, and is accepted by some merchants as payment.
This came on the heels of a joint statement issued by the South African Reserve Bank and the Financial Sector Conduct Authority, which stated that cryptocurrency is not legal tender or money in terms of the National Payment System Act. The contradiction between the court’s finding and the regulators’ position illustrates how far behind legislative frameworks remain.
What happens next
In light of the Hussain v Fix decision, legal analysts quoted in BitcoinWorld anticipate even more pressure being placed upon Parliament or the Law Commission to clarify how cryptocurrency repayment should be enforced. Until such clarification arrives, any parties lending or receiving Bitcoin in the UK find themselves in a situation where an oral agreement regarding crypto could lead to a ruling awarding pounds rather than cryptocurrencies.
The proceedings have yet to reach completion, and there are no decisions by a higher court regarding the matter. Any parties who receive IOUs in Bitcoins as payment would do well to draw up a written contract that spells out exactly what gets repaid and in what form.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
The case Hussain v Fix was heard in London on June 18th, where the claimant demanded the recovery of 7.8 BTC (Bitcoin) related to their business costs under a previous agreement. The defendant did not show up to contest the claim.
Bitcoin is property, but enforcement is another question
The presiding judge confirmed what UK legal authorities have broadly accepted since a 2019 determination by the UK Jurisdiction Taskforce: Bitcoin qualifies as property under English law. That classification gives holders legal standing to pursue claims over their coins in civil courts.
But recognizing Bitcoin as property and ordering someone to hand it over are two different things. The judge reportedly stopped short of ruling that a court can compel a debtor to pay in Bitcoin rather than in cash. Courts have long enforced obligations payable in non-cash assets, from shares to physical goods. However, whether or not such a power includes making the creditor be repaid in a specific cryptocurrency is not yet established in England.
It is important financially. For example, if a creditor gives out 7.8 BTC at $30,000, and he gets an order for repayment in pounds when Bitcoin costs more than $100,000, he gets much less money than he originally gave. The opposite situation will make it harder for the debtor.
A loophole within the legal system
This loophole was pointed out by Norton Rose Fulbright, a global law firm, during its January 2026 assessment of digital asset disputes. Courts in important jurisdictions are “refining legal principles on trust, possession and contractual obligations in the digital asset context,” the firm stated. Indeed, while in the UK there were further developments in classifying property rights for digital assets in 2025, there hasn’t been any progress in enforcing in-kind repayments.
In the absence of clear wording in contracts stating that repayment is to be done using cryptocurrency, the court can opt for repayment in fiat currency. That default creates exchange-rate exposure neither party bargained for.
The UK is not the only jurisdiction to have faced the question of how Bitcoin can be classified legally. On June 1, a decision by a South African High Court declared that 1,680 BTC confiscated from a crypto trader is “capital” in accordance with exchange control regulations of the country. Judge Stuart David James Wilson concluded that Bitcoin should be considered capital as it can be bought with local currency, held for speculation, and is accepted by some merchants as payment.
This came on the heels of a joint statement issued by the South African Reserve Bank and the Financial Sector Conduct Authority, which stated that cryptocurrency is not legal tender or money in terms of the National Payment System Act. The contradiction between the court’s finding and the regulators’ position illustrates how far behind legislative frameworks remain.
What happens next
In light of the Hussain v Fix decision, legal analysts quoted in BitcoinWorld anticipate even more pressure being placed upon Parliament or the Law Commission to clarify how cryptocurrency repayment should be enforced. Until such clarification arrives, any parties lending or receiving Bitcoin in the UK find themselves in a situation where an oral agreement regarding crypto could lead to a ruling awarding pounds rather than cryptocurrencies.
The proceedings have yet to reach completion, and there are no decisions by a higher court regarding the matter. Any parties who receive IOUs in Bitcoins as payment would do well to draw up a written contract that spells out exactly what gets repaid and in what form.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
174
MiCA countdown: Italy’s Conio secures EU crypto licenseFintech startup Conio has gained its crypto-asset service provider (CASP) license under the EU Markets in Crypto-Assets Regulation (MiCAR), landing one of the final licenses before unlicensed firms lose the right to offer crypto services across the bloc on June 30.
The approval, which involved reviews by Italy’s Consob and the Bank of Italy, covers the custody, transfer, and placement of digital assets. Conio is supported by two of Italy’s largest financial institutions, Poste Italiane and Banca Generali, giving it immediate distribution reach into traditional banking channels.
MiCA window closing soon
June 30, 2026, is the deadline of the MiCAR transition period. Firms not authorized as CASP would not be able to provide crypto services within the EU after that deadline. Previously, Cryptopolitan had reported that MiCAR as harmonized legislation that substituted for the previous system of crypto regulations in the EU 27 member states.
The regulation has been fully applied since December 2024, according to The Paypers, and provided uniform standards for CASPs in the EU. The deadline is “a hard cut-off for firms that have been operating under national transitional arrangements,” as said by The Paypers.
By the beginning of March 2026, the ESMA interim register included 169 authorized providers located in 20 countries, according to CASPList.eu. A bigger part of that number belongs to banks. As Ledger Insights noted in April, out of 177 issued licenses, 36 belonged to banks, or around 20% of all authorizations, which is explained by the simplified notification procedure MiCAR offers for existing credit institutions.
What Conio intends to do with the license
CEO Christian Miccoli described the license as part of Conio’s efforts to integrate digital assets into regulated investment portfolios. “In a strategic area like digital assets, which involves the custody of value, the finance of the future, and the technological and geopolitical competitiveness of national systems, it is essential that Italy can count on excellent organisations capable of innovating,” Miccoli said, according to Electronic Payments International.
Conio defined three key segments for its licensed business operations: retail investors using Conio’s mobile app, banks and fintechs looking for white-label crypto solutions, and corporate or financial institutions interested in tokenization and digital asset management.
The most strategic angle is the white-label model. A white-label cryptocurrency platform is an easily customizable exchange software built by top tech developers to make crypto banking development more affordable, convenient, and approachable for business entities of all sizes.
Poste Italiane and Banca Generali are not just minority shareholders but potential distribution partners. They can leverage Conio’s platform to provide their clients with regulated crypto custody and trading services without setting up their own platform.
Europe’s crypto door is closing
Conio is not alone in working against the clock—several other firms are under the same regulatory deadline pressure. Triple-A, a Singapore-based payment firm, obtained its CASP license from France’s AMF in May 2026. It is one of the two companies in France holding both the Payment Institution license and CASP license. The company said its authorization covers all 30 EU and EEA member states.
The largest Spanish banks have acted as well. BBVA has offered its cryptocurrency services since July 2025, Openbank of Santander has launched its service in Germany since September 2025, and CaixaBank obtained its CASP license in April 2026, according to Ledger Insights.
The pattern is clear. Traditional financial institutions want to make their move into the regulated crypto market before the door shuts. There will be a binary outcome for those who fail to meet the deadline – either stop providing crypto services or operate illegally.
MiCAR sets an example for the global crypto market. Now, the EU has one licensing system that regulates custody, trading, transferring, and placing of crypto assets in 30 countries. Depending on whether other regions follow suit or diverge even more, it will determine where crypto companies choose to build and where capital flows next.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
MiCA countdown: Italy’s Conio secures EU crypto license
Fintech startup Conio has gained its crypto-asset service provider (CASP) license under the EU Markets in Crypto-Assets Regulation (MiCAR), landing one of the final licenses before unlicensed firms lose the right to offer crypto services across the bloc on June 30.
The approval, which involved reviews by Italy’s Consob and the Bank of Italy, covers the custody, transfer, and placement of digital assets. Conio is supported by two of Italy’s largest financial institutions, Poste Italiane and Banca Generali, giving it immediate distribution reach into traditional banking channels.
MiCA window closing soon
June 30, 2026, is the deadline of the MiCAR transition period. Firms not authorized as CASP would not be able to provide crypto services within the EU after that deadline. Previously, Cryptopolitan had reported that MiCAR as harmonized legislation that substituted for the previous system of crypto regulations in the EU 27 member states.
The regulation has been fully applied since December 2024, according to The Paypers, and provided uniform standards for CASPs in the EU. The deadline is “a hard cut-off for firms that have been operating under national transitional arrangements,” as said by The Paypers.
By the beginning of March 2026, the ESMA interim register included 169 authorized providers located in 20 countries, according to CASPList.eu. A bigger part of that number belongs to banks. As Ledger Insights noted in April, out of 177 issued licenses, 36 belonged to banks, or around 20% of all authorizations, which is explained by the simplified notification procedure MiCAR offers for existing credit institutions.
What Conio intends to do with the license
CEO Christian Miccoli described the license as part of Conio’s efforts to integrate digital assets into regulated investment portfolios. “In a strategic area like digital assets, which involves the custody of value, the finance of the future, and the technological and geopolitical competitiveness of national systems, it is essential that Italy can count on excellent organisations capable of innovating,” Miccoli said, according to Electronic Payments International.
Conio defined three key segments for its licensed business operations: retail investors using Conio’s mobile app, banks and fintechs looking for white-label crypto solutions, and corporate or financial institutions interested in tokenization and digital asset management.
The most strategic angle is the white-label model. A white-label cryptocurrency platform is an easily customizable exchange software built by top tech developers to make crypto banking development more affordable, convenient, and approachable for business entities of all sizes.
Poste Italiane and Banca Generali are not just minority shareholders but potential distribution partners. They can leverage Conio’s platform to provide their clients with regulated crypto custody and trading services without setting up their own platform.
Europe’s crypto door is closing
Conio is not alone in working against the clock—several other firms are under the same regulatory deadline pressure. Triple-A, a Singapore-based payment firm, obtained its CASP license from France’s AMF in May 2026. It is one of the two companies in France holding both the Payment Institution license and CASP license. The company said its authorization covers all 30 EU and EEA member states.
The largest Spanish banks have acted as well. BBVA has offered its cryptocurrency services since July 2025, Openbank of Santander has launched its service in Germany since September 2025, and CaixaBank obtained its CASP license in April 2026, according to Ledger Insights.
The pattern is clear. Traditional financial institutions want to make their move into the regulated crypto market before the door shuts. There will be a binary outcome for those who fail to meet the deadline – either stop providing crypto services or operate illegally.
MiCAR sets an example for the global crypto market. Now, the EU has one licensing system that regulates custody, trading, transferring, and placing of crypto assets in 30 countries. Depending on whether other regions follow suit or diverge even more, it will determine where crypto companies choose to build and where capital flows next.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
The approval, which involved reviews by Italy’s Consob and the Bank of Italy, covers the custody, transfer, and placement of digital assets. Conio is supported by two of Italy’s largest financial institutions, Poste Italiane and Banca Generali, giving it immediate distribution reach into traditional banking channels.
MiCA window closing soon
June 30, 2026, is the deadline of the MiCAR transition period. Firms not authorized as CASP would not be able to provide crypto services within the EU after that deadline. Previously, Cryptopolitan had reported that MiCAR as harmonized legislation that substituted for the previous system of crypto regulations in the EU 27 member states.
The regulation has been fully applied since December 2024, according to The Paypers, and provided uniform standards for CASPs in the EU. The deadline is “a hard cut-off for firms that have been operating under national transitional arrangements,” as said by The Paypers.
By the beginning of March 2026, the ESMA interim register included 169 authorized providers located in 20 countries, according to CASPList.eu. A bigger part of that number belongs to banks. As Ledger Insights noted in April, out of 177 issued licenses, 36 belonged to banks, or around 20% of all authorizations, which is explained by the simplified notification procedure MiCAR offers for existing credit institutions.
What Conio intends to do with the license
CEO Christian Miccoli described the license as part of Conio’s efforts to integrate digital assets into regulated investment portfolios. “In a strategic area like digital assets, which involves the custody of value, the finance of the future, and the technological and geopolitical competitiveness of national systems, it is essential that Italy can count on excellent organisations capable of innovating,” Miccoli said, according to Electronic Payments International.
Conio defined three key segments for its licensed business operations: retail investors using Conio’s mobile app, banks and fintechs looking for white-label crypto solutions, and corporate or financial institutions interested in tokenization and digital asset management.
The most strategic angle is the white-label model. A white-label cryptocurrency platform is an easily customizable exchange software built by top tech developers to make crypto banking development more affordable, convenient, and approachable for business entities of all sizes.
Poste Italiane and Banca Generali are not just minority shareholders but potential distribution partners. They can leverage Conio’s platform to provide their clients with regulated crypto custody and trading services without setting up their own platform.
Europe’s crypto door is closing
Conio is not alone in working against the clock—several other firms are under the same regulatory deadline pressure. Triple-A, a Singapore-based payment firm, obtained its CASP license from France’s AMF in May 2026. It is one of the two companies in France holding both the Payment Institution license and CASP license. The company said its authorization covers all 30 EU and EEA member states.
The largest Spanish banks have acted as well. BBVA has offered its cryptocurrency services since July 2025, Openbank of Santander has launched its service in Germany since September 2025, and CaixaBank obtained its CASP license in April 2026, according to Ledger Insights.
The pattern is clear. Traditional financial institutions want to make their move into the regulated crypto market before the door shuts. There will be a binary outcome for those who fail to meet the deadline – either stop providing crypto services or operate illegally.
MiCAR sets an example for the global crypto market. Now, the EU has one licensing system that regulates custody, trading, transferring, and placing of crypto assets in 30 countries. Depending on whether other regions follow suit or diverge even more, it will determine where crypto companies choose to build and where capital flows next.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
130
India’s ED targets on-ramp/off-ramp firms in cross-border crypto probeIndia’s Enforcement Directorate launched a crackdown on the country’s crypto economy, saying it had quietly become unauthorized cross-border money transfer pipes. The regulator raided six premises linked to five Bengaluru-based fiat on-ramp and off-ramp platforms, allegedly conducting illegal cross-border transfers.
Through its Bengaluru Zonal office, the Enforcement Directorate ransacked six premises this week under section 37 of the Foreign Exchange Management Act (FEMA), 1999. ED named Transak Technology India, Carretx Technologies (Carret), Mokshagna Technologies (formerly Xpat, now Remit2Any), Buyhatke Internet (which runs Onramp.money), and Abhibha Technologies (Onmeta), as the crypto payments involved.
The investigators reportedly froze approximately ₹6 crore sitting in the bank accounts they suspect were used to move the funds.
India’s ED explains how perpetrators moved money
India’s financial watchdog explained that the crypto payment firms used the same pattern across all platforms. A customer would deposit rupees into a company-controlled bank account, then use the money to buy virtual digital assets. The companies primarily bought USDT stablecoins, which were then sent through crypto platforms, sold over the counter, and then cash was paid out to the recipient on the other side of the border.
According to ED, the five platforms bypassed laws by conducting cross-border payments without purpose codes, without Foreign Inward Remittance Certificates, and without the required paperwork. The payments led to a sophisticated crypto-based detour around the entire FEMA reporting frameworks.
The Enforcement Directorate accused Transak of converting locally earned profits into crypto and transferring them to a U.S. affiliate, Transak Inc., bypassing normal banking channels. ED also claimed that Carret is alleged to have run OTC trades with overseas remittance apps to pull money into India.
Mokshagna’s case reportedly involves customers in the United States depositing funds that were converted to crypto, moved onto Indian exchanges, and paid out to recipients in India, allegedly coordinated by a person based in the U.S.
Just two days before the Bengaluru raids, the ED arrested a suspect in a separate ₹ 500-crore Ponzi scheme built around a token called Korvio Coin, which allegedly targeted more than 248,000 investors through multi-level marketing. The same day, it filed a prosecution complaint over a Coinbase phishing operation tied to Indian national Chirag Tomar, already serving a U.S. prison sentence for stealing more than $20 million through fake Coinbase login pages.
India works towards proper crypto regulation
India currently lacks a dedicated licensing regime for crypto exchanges or the apps that connect them to the banking system. Instead, the regulator imposed a 30% flat tax on gains with no loss offsets, a 1% TDS on every trade. In 2023, they implemented a rule that pulled virtual asset service providers under the same anti-money-laundering law as banks.
India’s enforcement has historically targeted fiat on-ramps and off-ramps simply because they’re the easiest place to choke the flow of money. This way, the authorities can monitor the single point where rupees turn into crypto and back again, which fits neatly with this week’s raids.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
India’s ED targets on-ramp/off-ramp firms in cross-border crypto probe
India’s Enforcement Directorate launched a crackdown on the country’s crypto economy, saying it had quietly become unauthorized cross-border money transfer pipes. The regulator raided six premises linked to five Bengaluru-based fiat on-ramp and off-ramp platforms, allegedly conducting illegal cross-border transfers.
Through its Bengaluru Zonal office, the Enforcement Directorate ransacked six premises this week under section 37 of the Foreign Exchange Management Act (FEMA), 1999. ED named Transak Technology India, Carretx Technologies (Carret), Mokshagna Technologies (formerly Xpat, now Remit2Any), Buyhatke Internet (which runs Onramp.money), and Abhibha Technologies (Onmeta), as the crypto payments involved.
The investigators reportedly froze approximately ₹6 crore sitting in the bank accounts they suspect were used to move the funds.
India’s ED explains how perpetrators moved money
India’s financial watchdog explained that the crypto payment firms used the same pattern across all platforms. A customer would deposit rupees into a company-controlled bank account, then use the money to buy virtual digital assets. The companies primarily bought USDT stablecoins, which were then sent through crypto platforms, sold over the counter, and then cash was paid out to the recipient on the other side of the border.
According to ED, the five platforms bypassed laws by conducting cross-border payments without purpose codes, without Foreign Inward Remittance Certificates, and without the required paperwork. The payments led to a sophisticated crypto-based detour around the entire FEMA reporting frameworks.
The Enforcement Directorate accused Transak of converting locally earned profits into crypto and transferring them to a U.S. affiliate, Transak Inc., bypassing normal banking channels. ED also claimed that Carret is alleged to have run OTC trades with overseas remittance apps to pull money into India.
Mokshagna’s case reportedly involves customers in the United States depositing funds that were converted to crypto, moved onto Indian exchanges, and paid out to recipients in India, allegedly coordinated by a person based in the U.S.
Just two days before the Bengaluru raids, the ED arrested a suspect in a separate ₹ 500-crore Ponzi scheme built around a token called Korvio Coin, which allegedly targeted more than 248,000 investors through multi-level marketing. The same day, it filed a prosecution complaint over a Coinbase phishing operation tied to Indian national Chirag Tomar, already serving a U.S. prison sentence for stealing more than $20 million through fake Coinbase login pages.
India works towards proper crypto regulation
India currently lacks a dedicated licensing regime for crypto exchanges or the apps that connect them to the banking system. Instead, the regulator imposed a 30% flat tax on gains with no loss offsets, a 1% TDS on every trade. In 2023, they implemented a rule that pulled virtual asset service providers under the same anti-money-laundering law as banks.
India’s enforcement has historically targeted fiat on-ramps and off-ramps simply because they’re the easiest place to choke the flow of money. This way, the authorities can monitor the single point where rupees turn into crypto and back again, which fits neatly with this week’s raids.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
Through its Bengaluru Zonal office, the Enforcement Directorate ransacked six premises this week under section 37 of the Foreign Exchange Management Act (FEMA), 1999. ED named Transak Technology India, Carretx Technologies (Carret), Mokshagna Technologies (formerly Xpat, now Remit2Any), Buyhatke Internet (which runs Onramp.money), and Abhibha Technologies (Onmeta), as the crypto payments involved.
The investigators reportedly froze approximately ₹6 crore sitting in the bank accounts they suspect were used to move the funds.
India’s ED explains how perpetrators moved money
India’s financial watchdog explained that the crypto payment firms used the same pattern across all platforms. A customer would deposit rupees into a company-controlled bank account, then use the money to buy virtual digital assets. The companies primarily bought USDT stablecoins, which were then sent through crypto platforms, sold over the counter, and then cash was paid out to the recipient on the other side of the border.
According to ED, the five platforms bypassed laws by conducting cross-border payments without purpose codes, without Foreign Inward Remittance Certificates, and without the required paperwork. The payments led to a sophisticated crypto-based detour around the entire FEMA reporting frameworks.
The Enforcement Directorate accused Transak of converting locally earned profits into crypto and transferring them to a U.S. affiliate, Transak Inc., bypassing normal banking channels. ED also claimed that Carret is alleged to have run OTC trades with overseas remittance apps to pull money into India.
Mokshagna’s case reportedly involves customers in the United States depositing funds that were converted to crypto, moved onto Indian exchanges, and paid out to recipients in India, allegedly coordinated by a person based in the U.S.
Just two days before the Bengaluru raids, the ED arrested a suspect in a separate ₹ 500-crore Ponzi scheme built around a token called Korvio Coin, which allegedly targeted more than 248,000 investors through multi-level marketing. The same day, it filed a prosecution complaint over a Coinbase phishing operation tied to Indian national Chirag Tomar, already serving a U.S. prison sentence for stealing more than $20 million through fake Coinbase login pages.
India works towards proper crypto regulation
India currently lacks a dedicated licensing regime for crypto exchanges or the apps that connect them to the banking system. Instead, the regulator imposed a 30% flat tax on gains with no loss offsets, a 1% TDS on every trade. In 2023, they implemented a rule that pulled virtual asset service providers under the same anti-money-laundering law as banks.
India’s enforcement has historically targeted fiat on-ramps and off-ramps simply because they’re the easiest place to choke the flow of money. This way, the authorities can monitor the single point where rupees turn into crypto and back again, which fits neatly with this week’s raids.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
101
Aave V4 targets Wall Street’s $12 trillion repo marketStani Kulechov, on June 19 pitched Aave V4 as a bridge between Wall Street and DeFi, arguing that bringing securities financing on-chain could unlock a multi-trillion-dollar market and accelerate institutional adoption of crypto-native infrastructure.
Specifically, this initiative would be directed towards three parts of Wall Street’s securities financing industry: collateralized loans backed by securities, repurchase (repo) agreements, and securities lending. The concept was put forth by Stani Kulechov in his blog post on X and described by him as “one of the largest markets that almost nobody outside Wall Street thinks about.”
The numbers behind the pitch
Kulechov supported his claims with figures that illustrate the scale of the opportunity. He claims that the U.S. repo market alone accounts for an average daily balance of about $12.6 trillion. There is an additional $1.3 trillion through margin financing and over $400 billion through collateralized securities loans in wealth management. In turn, the securities lending market includes $4.6 trillion in lendable assets and produced an all-time high of $15 billion in revenue in 2025.
https://t.co/Qq1RLyvQVy
— Stani (@StaniKulechov) June 19, 2026
In comparison with the figures mentioned above, the current DeFi lending industry is relatively insignificant. Aave has proven itself to be the largest decentralized lending protocol by market share. Its highest deposits made up about $75 billion in 2025 and total borrowings have exceeded $1 trillion. These numbers might seem impressive for the crypto market, but they are still tiny compared to the traditional securities financing market.
How Aave V4 may help securities financing move on-chain
Aave V4 is an Ethereum-based protocol that follows the hub-and-spoke framework. There is a common liquidity layer at the core, and various “spokes” act as lending markets in their own right, each defining its own collateral parameters, risk settings, and liquidation mechanisms, yet sharing the common liquidity pool. This approach enables the functioning of several markets simultaneously without establishing different liquidity pools for each of them.
Stani Kulechov has described it as a potential link to securities finance. His idea is that tokenized securities could be used as collateral in order to borrow stablecoins, such as GHO, or other dollar-denominated coins.
In addition, there is a change in the approach to the settlement process. Trades based on the repo model could be settled in real-time on-chain rather than waiting until the end of the T+1 or T+2 settlement period. In the case of the securities lending framework, the tokenized assets would be made lendable and yield earnings directly by their owners.
This process can have either one liquidity center that is common or several centers based on different types of collateral, depending on the nature of assets and the level of risks associated. One liquidity center improves liquidity, while several liquidity centers improve risk isolation. In the opinion of Kulechov, a practical way forward is to have one liquidity center first and then proceed to several liquidity centers as collateral types expand.
Why this matters for crypto markets
Kulechov’s proposal is ultimately a gamble that the next growth cycle in DeFi will not emerge due to crypto-native products but via the adoption of the plumbing of traditional finance on-chain.
Aave already leads in decentralized lending services. By the end of 2025, the protocol owned 61.5% of the active loan market share and more than half of the total lending sector’s total value locked (TVL), as stated in their year-in-review. Additionally, its Horizon platform, created together with VanEck, Circle, and Securitize, became one of the largest institutional real-world asset (RWA) lending marketplaces in DeFi. Hence, Aave has already started working towards mass adoption of tokenized finance.
The main obstacle is not technical capability, but adoption.
Securities financing is already one of the most refined areas in traditional markets. Every day, trillions of dollars flow through repo agreements and securities lending systems that sit on decades of legal frameworks and increasingly automated infrastructure.
For these activities to shift onto blockchains, the technology would need to offer clear, practical advantages. That could mean cheaper funding, quicker settlement, smoother movement of collateral, or better access to liquidity across markets.
Aave V4 is interesting in this context. Its structure separates pooled liquidity from more specialized lending environments, which resembles how large financial institutions already organize risk internally. Rather than trying to rebuild securities financing from scratch, it effectively mirrors the way the system already works—just running it on public blockchain infrastructure.
The potential is huge, but so are the obstacles. Institutions need to overcome the challenge of smart contract risks, issues around governance and regulations, and the operational challenges of dealing with tokenized collateral at scale. Aave’s focus on the creation of segregated liquidity hubs and improved risk management also shows how even their project depends as much on trust and regulation as on the technical solution.
This means Kulechov’s plan is not just a new product roadmap for Aave. It is an experiment that will determine whether public blockchains will be able to eventually provide similar solutions to the ones that Wall Street has been building for decades. If they succeed, then Aave V4 could become a basic credit protocol for tokenized assets. Otherwise, they can still capture significant market share within the crypto and RWA markets.
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Aave V4 targets Wall Street’s $12 trillion repo market
Stani Kulechov, on June 19 pitched Aave V4 as a bridge between Wall Street and DeFi, arguing that bringing securities financing on-chain could unlock a multi-trillion-dollar market and accelerate institutional adoption of crypto-native infrastructure.
Specifically, this initiative would be directed towards three parts of Wall Street’s securities financing industry: collateralized loans backed by securities, repurchase (repo) agreements, and securities lending. The concept was put forth by Stani Kulechov in his blog post on X and described by him as “one of the largest markets that almost nobody outside Wall Street thinks about.”
The numbers behind the pitch
Kulechov supported his claims with figures that illustrate the scale of the opportunity. He claims that the U.S. repo market alone accounts for an average daily balance of about $12.6 trillion. There is an additional $1.3 trillion through margin financing and over $400 billion through collateralized securities loans in wealth management. In turn, the securities lending market includes $4.6 trillion in lendable assets and produced an all-time high of $15 billion in revenue in 2025.
https://t.co/Qq1RLyvQVy
— Stani (@StaniKulechov) June 19, 2026
In comparison with the figures mentioned above, the current DeFi lending industry is relatively insignificant. Aave has proven itself to be the largest decentralized lending protocol by market share. Its highest deposits made up about $75 billion in 2025 and total borrowings have exceeded $1 trillion. These numbers might seem impressive for the crypto market, but they are still tiny compared to the traditional securities financing market.
How Aave V4 may help securities financing move on-chain
Aave V4 is an Ethereum-based protocol that follows the hub-and-spoke framework. There is a common liquidity layer at the core, and various “spokes” act as lending markets in their own right, each defining its own collateral parameters, risk settings, and liquidation mechanisms, yet sharing the common liquidity pool. This approach enables the functioning of several markets simultaneously without establishing different liquidity pools for each of them.
Stani Kulechov has described it as a potential link to securities finance. His idea is that tokenized securities could be used as collateral in order to borrow stablecoins, such as GHO, or other dollar-denominated coins.
In addition, there is a change in the approach to the settlement process. Trades based on the repo model could be settled in real-time on-chain rather than waiting until the end of the T+1 or T+2 settlement period. In the case of the securities lending framework, the tokenized assets would be made lendable and yield earnings directly by their owners.
This process can have either one liquidity center that is common or several centers based on different types of collateral, depending on the nature of assets and the level of risks associated. One liquidity center improves liquidity, while several liquidity centers improve risk isolation. In the opinion of Kulechov, a practical way forward is to have one liquidity center first and then proceed to several liquidity centers as collateral types expand.
Why this matters for crypto markets
Kulechov’s proposal is ultimately a gamble that the next growth cycle in DeFi will not emerge due to crypto-native products but via the adoption of the plumbing of traditional finance on-chain.
Aave already leads in decentralized lending services. By the end of 2025, the protocol owned 61.5% of the active loan market share and more than half of the total lending sector’s total value locked (TVL), as stated in their year-in-review. Additionally, its Horizon platform, created together with VanEck, Circle, and Securitize, became one of the largest institutional real-world asset (RWA) lending marketplaces in DeFi. Hence, Aave has already started working towards mass adoption of tokenized finance.
The main obstacle is not technical capability, but adoption.
Securities financing is already one of the most refined areas in traditional markets. Every day, trillions of dollars flow through repo agreements and securities lending systems that sit on decades of legal frameworks and increasingly automated infrastructure.
For these activities to shift onto blockchains, the technology would need to offer clear, practical advantages. That could mean cheaper funding, quicker settlement, smoother movement of collateral, or better access to liquidity across markets.
Aave V4 is interesting in this context. Its structure separates pooled liquidity from more specialized lending environments, which resembles how large financial institutions already organize risk internally. Rather than trying to rebuild securities financing from scratch, it effectively mirrors the way the system already works—just running it on public blockchain infrastructure.
The potential is huge, but so are the obstacles. Institutions need to overcome the challenge of smart contract risks, issues around governance and regulations, and the operational challenges of dealing with tokenized collateral at scale. Aave’s focus on the creation of segregated liquidity hubs and improved risk management also shows how even their project depends as much on trust and regulation as on the technical solution.
This means Kulechov’s plan is not just a new product roadmap for Aave. It is an experiment that will determine whether public blockchains will be able to eventually provide similar solutions to the ones that Wall Street has been building for decades. If they succeed, then Aave V4 could become a basic credit protocol for tokenized assets. Otherwise, they can still capture significant market share within the crypto and RWA markets.
If you're reading this, you’re already ahead. Stay there with our newsletter.
Specifically, this initiative would be directed towards three parts of Wall Street’s securities financing industry: collateralized loans backed by securities, repurchase (repo) agreements, and securities lending. The concept was put forth by Stani Kulechov in his blog post on X and described by him as “one of the largest markets that almost nobody outside Wall Street thinks about.”
The numbers behind the pitch
Kulechov supported his claims with figures that illustrate the scale of the opportunity. He claims that the U.S. repo market alone accounts for an average daily balance of about $12.6 trillion. There is an additional $1.3 trillion through margin financing and over $400 billion through collateralized securities loans in wealth management. In turn, the securities lending market includes $4.6 trillion in lendable assets and produced an all-time high of $15 billion in revenue in 2025.
https://t.co/Qq1RLyvQVy
— Stani (@StaniKulechov) June 19, 2026
In comparison with the figures mentioned above, the current DeFi lending industry is relatively insignificant. Aave has proven itself to be the largest decentralized lending protocol by market share. Its highest deposits made up about $75 billion in 2025 and total borrowings have exceeded $1 trillion. These numbers might seem impressive for the crypto market, but they are still tiny compared to the traditional securities financing market.
How Aave V4 may help securities financing move on-chain
Aave V4 is an Ethereum-based protocol that follows the hub-and-spoke framework. There is a common liquidity layer at the core, and various “spokes” act as lending markets in their own right, each defining its own collateral parameters, risk settings, and liquidation mechanisms, yet sharing the common liquidity pool. This approach enables the functioning of several markets simultaneously without establishing different liquidity pools for each of them.
Stani Kulechov has described it as a potential link to securities finance. His idea is that tokenized securities could be used as collateral in order to borrow stablecoins, such as GHO, or other dollar-denominated coins.
In addition, there is a change in the approach to the settlement process. Trades based on the repo model could be settled in real-time on-chain rather than waiting until the end of the T+1 or T+2 settlement period. In the case of the securities lending framework, the tokenized assets would be made lendable and yield earnings directly by their owners.
This process can have either one liquidity center that is common or several centers based on different types of collateral, depending on the nature of assets and the level of risks associated. One liquidity center improves liquidity, while several liquidity centers improve risk isolation. In the opinion of Kulechov, a practical way forward is to have one liquidity center first and then proceed to several liquidity centers as collateral types expand.
Why this matters for crypto markets
Kulechov’s proposal is ultimately a gamble that the next growth cycle in DeFi will not emerge due to crypto-native products but via the adoption of the plumbing of traditional finance on-chain.
Aave already leads in decentralized lending services. By the end of 2025, the protocol owned 61.5% of the active loan market share and more than half of the total lending sector’s total value locked (TVL), as stated in their year-in-review. Additionally, its Horizon platform, created together with VanEck, Circle, and Securitize, became one of the largest institutional real-world asset (RWA) lending marketplaces in DeFi. Hence, Aave has already started working towards mass adoption of tokenized finance.
The main obstacle is not technical capability, but adoption.
Securities financing is already one of the most refined areas in traditional markets. Every day, trillions of dollars flow through repo agreements and securities lending systems that sit on decades of legal frameworks and increasingly automated infrastructure.
For these activities to shift onto blockchains, the technology would need to offer clear, practical advantages. That could mean cheaper funding, quicker settlement, smoother movement of collateral, or better access to liquidity across markets.
Aave V4 is interesting in this context. Its structure separates pooled liquidity from more specialized lending environments, which resembles how large financial institutions already organize risk internally. Rather than trying to rebuild securities financing from scratch, it effectively mirrors the way the system already works—just running it on public blockchain infrastructure.
The potential is huge, but so are the obstacles. Institutions need to overcome the challenge of smart contract risks, issues around governance and regulations, and the operational challenges of dealing with tokenized collateral at scale. Aave’s focus on the creation of segregated liquidity hubs and improved risk management also shows how even their project depends as much on trust and regulation as on the technical solution.
This means Kulechov’s plan is not just a new product roadmap for Aave. It is an experiment that will determine whether public blockchains will be able to eventually provide similar solutions to the ones that Wall Street has been building for decades. If they succeed, then Aave V4 could become a basic credit protocol for tokenized assets. Otherwise, they can still capture significant market share within the crypto and RWA markets.
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Axelar-bridged tokens worth $4.67 million drained in Secret Network contract exploitApproximately $4.67 million worth of tokens were drained from Secret Network after an attacker exploited an ICS-20-based smart contract used to facilitate cross-chain transfers, according to Axelar’s June 19 statement.
The incident exposed another weakness in the bridge infrastructure connecting Cosmos-based blockchains, but Axelar said the issue was isolated to the Secret-side ICS-20 smart contract used in the Cosmos IBC connection between Secret and Axelar. The company said Axelar’s core protocol, other IBC connections, other chains, and other escrow accounts were not affected.
The stolen assets were tokens bridged from Axelar to Secret Network, a privacy-focused blockchain built with the Cosmos SDK. According to blockchain security research firm Common Prefix, the attacker exploited a modified CW20-ICS20 token contract on Secret and stole about $4.67 million across seven assets, including wrapped USDT, USDC, DAI, WETH, WBTC, WBNB, and wstETH.
Secret-side contract flaw drains Axelar-bridged assets
Common Prefix said the vulnerability sat in a modified CW20-ICS20 contract deployed on Secret Network to process incoming IBC transfers, according to reporting summarized by Binance Square.
This contract was used to generate wrapped forms of Axelar-bridged tokens after users made deposits of their tokens into Secret using the IBC protocol. However, the contract did not verify two important prerequisites; whether the token transfers were actually initiated through an authentic Axelar-controlled IBC channel and whether the redemptions request more than what is available in escrow.
With these prerequisites ignored, the contract accepted all malicious IBC packets as valid if the token ID was in the allowlist.
Fake IBC packets created unbacked wrapped tokens
According to Common Prefix’s analysis, the attacker created a minimal Cosmos blockchain with a single validator, opened a new IBC channel to Secret Network, and sent fake deposit packets through that route.
The vulnerable contract received the packets and created unbacked wrapped tokens on Secret. The attack proceeded by redeeming the wrapped tokens via the proper Axelar mechanism, emptying escrow accounts with actual bridged assets.
Common Prefix claimed that the contract did not check from what IBC channel the tokens were coming in. This made it possible for the malicious packets sent via the controlled chain to be accepted as the right bridge operation.
The issue appears to have existed for a long period. Common Prefix traced the missing validation back to early public commits in 2023 and said a March 2026 migration carried the same logic forward instead of removing the underlying weakness.
The structural failure was message authentication. The system assumed upstream components would handle authentication, but that assumption did not hold under the attacker’s routing setup. As a result, spoofed messages could pass through when the channel and token conditions aligned.
Emergency response isolates the affected route
Axelar stated that their emergency task force disconnected the relevant IBC connection to Secret Network immediately upon identifying the incident.
The group emphasized that there has been no breach in the core protocol of Axelar and that the problem remained confined to Secret Network only. Axelar also said it was contacting exchanges and law enforcement.
For users who bridged assets from Axelar to Secret through the affected route, the immediate problem is redemption. With the escrow account drained, wrapped assets on Secret can no longer be redeemed for the underlying tokens through that channel.
Recovery may also be more complicated than in a typical public-chain bridge exploit because Secret Network encrypts balances and transfers by default. That means the attacker’s wallet and exploit transactions are harder to inspect through standard public block explorers.
Bridge security faces another validation test
The $4.67 million loss is smaller than some of the largest bridge hacks, but the incident still matters because it hit a familiar weak point: cross-chain message validation.
As Cryptopolitan earlier reported, a Syscoin bridge was paused this month after an attacker exploited a validation flaw to mint roughly 5 billion unauthorized SYS tokens. That incident added to a growing list of bridge exploits in 2026.
In February, CrossCurve lost an estimated $3 million after attackers exploited vulnerabilities in the protocol’s smart contracts, according to Halborn’s post-mortem.
The Secret case is evidence that the one unaddressed assumption in cross-chain infrastructure is sufficient to cause an entire escrow drain incident. It is possible for an underlying protocol to remain uncompromised while the contracts that sit at the edge of a bridge can still expose user funds.
Both Axelar and Secret Network have stated that a full post-mortem is being compiled. Until then, the compromised channel serves as a warning that bridge security is not just about the primary protocol, but also every smart contract that handles inter-chain communications.
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Axelar-bridged tokens worth $4.67 million drained in Secret Network contract exploit
Approximately $4.67 million worth of tokens were drained from Secret Network after an attacker exploited an ICS-20-based smart contract used to facilitate cross-chain transfers, according to Axelar’s June 19 statement.
The incident exposed another weakness in the bridge infrastructure connecting Cosmos-based blockchains, but Axelar said the issue was isolated to the Secret-side ICS-20 smart contract used in the Cosmos IBC connection between Secret and Axelar. The company said Axelar’s core protocol, other IBC connections, other chains, and other escrow accounts were not affected.
The stolen assets were tokens bridged from Axelar to Secret Network, a privacy-focused blockchain built with the Cosmos SDK. According to blockchain security research firm Common Prefix, the attacker exploited a modified CW20-ICS20 token contract on Secret and stole about $4.67 million across seven assets, including wrapped USDT, USDC, DAI, WETH, WBTC, WBNB, and wstETH.
Secret-side contract flaw drains Axelar-bridged assets
Common Prefix said the vulnerability sat in a modified CW20-ICS20 contract deployed on Secret Network to process incoming IBC transfers, according to reporting summarized by Binance Square.
This contract was used to generate wrapped forms of Axelar-bridged tokens after users made deposits of their tokens into Secret using the IBC protocol. However, the contract did not verify two important prerequisites; whether the token transfers were actually initiated through an authentic Axelar-controlled IBC channel and whether the redemptions request more than what is available in escrow.
With these prerequisites ignored, the contract accepted all malicious IBC packets as valid if the token ID was in the allowlist.
Fake IBC packets created unbacked wrapped tokens
According to Common Prefix’s analysis, the attacker created a minimal Cosmos blockchain with a single validator, opened a new IBC channel to Secret Network, and sent fake deposit packets through that route.
The vulnerable contract received the packets and created unbacked wrapped tokens on Secret. The attack proceeded by redeeming the wrapped tokens via the proper Axelar mechanism, emptying escrow accounts with actual bridged assets.
Common Prefix claimed that the contract did not check from what IBC channel the tokens were coming in. This made it possible for the malicious packets sent via the controlled chain to be accepted as the right bridge operation.
The issue appears to have existed for a long period. Common Prefix traced the missing validation back to early public commits in 2023 and said a March 2026 migration carried the same logic forward instead of removing the underlying weakness.
The structural failure was message authentication. The system assumed upstream components would handle authentication, but that assumption did not hold under the attacker’s routing setup. As a result, spoofed messages could pass through when the channel and token conditions aligned.
Emergency response isolates the affected route
Axelar stated that their emergency task force disconnected the relevant IBC connection to Secret Network immediately upon identifying the incident.
The group emphasized that there has been no breach in the core protocol of Axelar and that the problem remained confined to Secret Network only. Axelar also said it was contacting exchanges and law enforcement.
For users who bridged assets from Axelar to Secret through the affected route, the immediate problem is redemption. With the escrow account drained, wrapped assets on Secret can no longer be redeemed for the underlying tokens through that channel.
Recovery may also be more complicated than in a typical public-chain bridge exploit because Secret Network encrypts balances and transfers by default. That means the attacker’s wallet and exploit transactions are harder to inspect through standard public block explorers.
Bridge security faces another validation test
The $4.67 million loss is smaller than some of the largest bridge hacks, but the incident still matters because it hit a familiar weak point: cross-chain message validation.
As Cryptopolitan earlier reported, a Syscoin bridge was paused this month after an attacker exploited a validation flaw to mint roughly 5 billion unauthorized SYS tokens. That incident added to a growing list of bridge exploits in 2026.
In February, CrossCurve lost an estimated $3 million after attackers exploited vulnerabilities in the protocol’s smart contracts, according to Halborn’s post-mortem.
The Secret case is evidence that the one unaddressed assumption in cross-chain infrastructure is sufficient to cause an entire escrow drain incident. It is possible for an underlying protocol to remain uncompromised while the contracts that sit at the edge of a bridge can still expose user funds.
Both Axelar and Secret Network have stated that a full post-mortem is being compiled. Until then, the compromised channel serves as a warning that bridge security is not just about the primary protocol, but also every smart contract that handles inter-chain communications.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
The incident exposed another weakness in the bridge infrastructure connecting Cosmos-based blockchains, but Axelar said the issue was isolated to the Secret-side ICS-20 smart contract used in the Cosmos IBC connection between Secret and Axelar. The company said Axelar’s core protocol, other IBC connections, other chains, and other escrow accounts were not affected.
The stolen assets were tokens bridged from Axelar to Secret Network, a privacy-focused blockchain built with the Cosmos SDK. According to blockchain security research firm Common Prefix, the attacker exploited a modified CW20-ICS20 token contract on Secret and stole about $4.67 million across seven assets, including wrapped USDT, USDC, DAI, WETH, WBTC, WBNB, and wstETH.
Secret-side contract flaw drains Axelar-bridged assets
Common Prefix said the vulnerability sat in a modified CW20-ICS20 contract deployed on Secret Network to process incoming IBC transfers, according to reporting summarized by Binance Square.
This contract was used to generate wrapped forms of Axelar-bridged tokens after users made deposits of their tokens into Secret using the IBC protocol. However, the contract did not verify two important prerequisites; whether the token transfers were actually initiated through an authentic Axelar-controlled IBC channel and whether the redemptions request more than what is available in escrow.
With these prerequisites ignored, the contract accepted all malicious IBC packets as valid if the token ID was in the allowlist.
Fake IBC packets created unbacked wrapped tokens
According to Common Prefix’s analysis, the attacker created a minimal Cosmos blockchain with a single validator, opened a new IBC channel to Secret Network, and sent fake deposit packets through that route.
The vulnerable contract received the packets and created unbacked wrapped tokens on Secret. The attack proceeded by redeeming the wrapped tokens via the proper Axelar mechanism, emptying escrow accounts with actual bridged assets.
Common Prefix claimed that the contract did not check from what IBC channel the tokens were coming in. This made it possible for the malicious packets sent via the controlled chain to be accepted as the right bridge operation.
The issue appears to have existed for a long period. Common Prefix traced the missing validation back to early public commits in 2023 and said a March 2026 migration carried the same logic forward instead of removing the underlying weakness.
The structural failure was message authentication. The system assumed upstream components would handle authentication, but that assumption did not hold under the attacker’s routing setup. As a result, spoofed messages could pass through when the channel and token conditions aligned.
Emergency response isolates the affected route
Axelar stated that their emergency task force disconnected the relevant IBC connection to Secret Network immediately upon identifying the incident.
The group emphasized that there has been no breach in the core protocol of Axelar and that the problem remained confined to Secret Network only. Axelar also said it was contacting exchanges and law enforcement.
For users who bridged assets from Axelar to Secret through the affected route, the immediate problem is redemption. With the escrow account drained, wrapped assets on Secret can no longer be redeemed for the underlying tokens through that channel.
Recovery may also be more complicated than in a typical public-chain bridge exploit because Secret Network encrypts balances and transfers by default. That means the attacker’s wallet and exploit transactions are harder to inspect through standard public block explorers.
Bridge security faces another validation test
The $4.67 million loss is smaller than some of the largest bridge hacks, but the incident still matters because it hit a familiar weak point: cross-chain message validation.
As Cryptopolitan earlier reported, a Syscoin bridge was paused this month after an attacker exploited a validation flaw to mint roughly 5 billion unauthorized SYS tokens. That incident added to a growing list of bridge exploits in 2026.
In February, CrossCurve lost an estimated $3 million after attackers exploited vulnerabilities in the protocol’s smart contracts, according to Halborn’s post-mortem.
The Secret case is evidence that the one unaddressed assumption in cross-chain infrastructure is sufficient to cause an entire escrow drain incident. It is possible for an underlying protocol to remain uncompromised while the contracts that sit at the edge of a bridge can still expose user funds.
Both Axelar and Secret Network have stated that a full post-mortem is being compiled. Until then, the compromised channel serves as a warning that bridge security is not just about the primary protocol, but also every smart contract that handles inter-chain communications.
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CFTC bans Mashinsky from trading for life, closing the regulator’s first crypto-lender caseThe Commodity Futures Trading Commission permanently banned Celsius founder Alex Mashinsky from commodity trading and CFTC registration through a consent order entered on June 18 in the US District Court for the Southern District of New York. The order concludes the agency’s July 2023 fraud case and ends what the CFTC has referred to as its first crypto-lending enforcement action.
The ban prohibits Mashinsky from trading any CFTC-regulated commodity, soliciting customer funds for commodity transactions, applying for CFTC registration, and working in any senior or operational role at a CFTC-registered firm. Mashinsky did not contest the order.
Celsius itself settled with the regulator through a permanent injunction two days after the July 2023 complaint, making Mashinsky the only remaining defendant in the matter.
Four federal regulators have now hit Mashinsky for the same conduct
This CFTC ruling builds upon three other federal rulings, thus becoming the first and only crypto executive to be permanently banned by four federal regulators for one series of actions. In May 2025, Mashinsky was sentenced to 12 years in federal prison by Judge John G. Koeltl in the Southern District of New York.
He had pleaded guilty in December 2024 to commodities fraud and securities fraud charges. The May 2025 sentence also imposed a $50,000 fine and ordered him to forfeit about $48.4 million.
As Cryptopolitan reported in April, the Federal Trade Commission then secured a $4.72 billion civil judgment, an amount designed to track the customer losses from the Celsius collapse. Mashinsky must pay $10 million up front, with the remaining balance suspended on condition he keeps accurate financial disclosures.
The FTC order also imposed a lifetime ban on marketing, advertising, or offering any consumer product involving the deposit, exchange, investment, or custody of assets.
The civil lawsuit filed by the Securities and Exchange Commission (SEC) is ongoing. The SEC alleges that Mashinsky and Celsius have conducted an unregistered securities offering using the Earn program, defrauded customers of the financial health of Celsius, and manipulated the price of CEL tokens. It seeks permanent bars from serving as an officer or director of any corporation and participating in cryptocurrency offerings.
In addition to the CFTC, FTC, and DOJ cases, this action by the SEC is considered to be one of the most coordinated responses to an individual crypto entrepreneur since Sam Bankman-Fried of FTX.
The CFTC complaint detailed how Celsius deployed $20 billion in deposits
On July 13, 2023, the CFTC initiated its lawsuit against Celsius and its CEO Michael Mashinsky. According to the CFTC complaint, from 2018 up until at least June 2022, Mashinsky had been promoting Celsius through video, writing, livestreams, and social media as a safe destination for depositing cryptocurrencies and earning weekly yields.
Behind that messaging, the regulator said, Celsius pooled customer deposits and channeled them through uncollateralized lending and volatile DeFi positions to fund the yields it had promised users. The lending platform took in roughly $20 billion in customer assets before the collapse.
When crypto markets turned in mid-2022, those positions unwound. Celsius suspended withdrawals on June 12, 2022 and filed for Chapter 11 bankruptcy on July 13, 2022. Customers lost approximately $4.7 billion in the collapse, the figure that ultimately anchored both the FTC judgment and the criminal forfeiture order.
Bankruptcy proceedings under reorganized Celsius CEO Chris Ferraro have returned about 64.9% of what creditors are owed, with Tether agreeing in 2025 to pay close to $300 million through a VanEck and GXD Labs consortium that bought claims linked to the bankruptcy.
Mashinsky is trying to vacate his sentence by blaming Sam Bankman-Fried
In May 2026, Mashinsky filed a handwritten motion under 28 U.S.C. § 2255 seeking to vacate his 12-year sentence. Mashinsky argues his trial counsel had a disqualifying conflict (they were also representing FTX founder Sam Bankman-Fried) and that the conflict kept them from pursuing his theory that Bankman-Fried manipulated CEL token prices and accelerated Celsius’s collapse. He claims the alleged conflict and his lawyers’ financial distress deprived him of effective representation at the plea stage.
Ineffective-assistance-of-counsel claims rarely succeed after a guilty plea. Federal courts require defendants to prove both that a conflict existed and that it materially altered the case outcome. Mashinsky’s appeal would need to satisfy both prongs to disturb the sentence Judge Koeltl handed down. Until that motion is decided, Mashinsky is scheduled for release no earlier than 2037, with all four federal bans in place.
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CFTC bans Mashinsky from trading for life, closing the regulator’s first crypto-lender case
The Commodity Futures Trading Commission permanently banned Celsius founder Alex Mashinsky from commodity trading and CFTC registration through a consent order entered on June 18 in the US District Court for the Southern District of New York. The order concludes the agency’s July 2023 fraud case and ends what the CFTC has referred to as its first crypto-lending enforcement action.
The ban prohibits Mashinsky from trading any CFTC-regulated commodity, soliciting customer funds for commodity transactions, applying for CFTC registration, and working in any senior or operational role at a CFTC-registered firm. Mashinsky did not contest the order.
Celsius itself settled with the regulator through a permanent injunction two days after the July 2023 complaint, making Mashinsky the only remaining defendant in the matter.
Four federal regulators have now hit Mashinsky for the same conduct
This CFTC ruling builds upon three other federal rulings, thus becoming the first and only crypto executive to be permanently banned by four federal regulators for one series of actions. In May 2025, Mashinsky was sentenced to 12 years in federal prison by Judge John G. Koeltl in the Southern District of New York.
He had pleaded guilty in December 2024 to commodities fraud and securities fraud charges. The May 2025 sentence also imposed a $50,000 fine and ordered him to forfeit about $48.4 million.
As Cryptopolitan reported in April, the Federal Trade Commission then secured a $4.72 billion civil judgment, an amount designed to track the customer losses from the Celsius collapse. Mashinsky must pay $10 million up front, with the remaining balance suspended on condition he keeps accurate financial disclosures.
The FTC order also imposed a lifetime ban on marketing, advertising, or offering any consumer product involving the deposit, exchange, investment, or custody of assets.
The civil lawsuit filed by the Securities and Exchange Commission (SEC) is ongoing. The SEC alleges that Mashinsky and Celsius have conducted an unregistered securities offering using the Earn program, defrauded customers of the financial health of Celsius, and manipulated the price of CEL tokens. It seeks permanent bars from serving as an officer or director of any corporation and participating in cryptocurrency offerings.
In addition to the CFTC, FTC, and DOJ cases, this action by the SEC is considered to be one of the most coordinated responses to an individual crypto entrepreneur since Sam Bankman-Fried of FTX.
The CFTC complaint detailed how Celsius deployed $20 billion in deposits
On July 13, 2023, the CFTC initiated its lawsuit against Celsius and its CEO Michael Mashinsky. According to the CFTC complaint, from 2018 up until at least June 2022, Mashinsky had been promoting Celsius through video, writing, livestreams, and social media as a safe destination for depositing cryptocurrencies and earning weekly yields.
Behind that messaging, the regulator said, Celsius pooled customer deposits and channeled them through uncollateralized lending and volatile DeFi positions to fund the yields it had promised users. The lending platform took in roughly $20 billion in customer assets before the collapse.
When crypto markets turned in mid-2022, those positions unwound. Celsius suspended withdrawals on June 12, 2022 and filed for Chapter 11 bankruptcy on July 13, 2022. Customers lost approximately $4.7 billion in the collapse, the figure that ultimately anchored both the FTC judgment and the criminal forfeiture order.
Bankruptcy proceedings under reorganized Celsius CEO Chris Ferraro have returned about 64.9% of what creditors are owed, with Tether agreeing in 2025 to pay close to $300 million through a VanEck and GXD Labs consortium that bought claims linked to the bankruptcy.
Mashinsky is trying to vacate his sentence by blaming Sam Bankman-Fried
In May 2026, Mashinsky filed a handwritten motion under 28 U.S.C. § 2255 seeking to vacate his 12-year sentence. Mashinsky argues his trial counsel had a disqualifying conflict (they were also representing FTX founder Sam Bankman-Fried) and that the conflict kept them from pursuing his theory that Bankman-Fried manipulated CEL token prices and accelerated Celsius’s collapse. He claims the alleged conflict and his lawyers’ financial distress deprived him of effective representation at the plea stage.
Ineffective-assistance-of-counsel claims rarely succeed after a guilty plea. Federal courts require defendants to prove both that a conflict existed and that it materially altered the case outcome. Mashinsky’s appeal would need to satisfy both prongs to disturb the sentence Judge Koeltl handed down. Until that motion is decided, Mashinsky is scheduled for release no earlier than 2037, with all four federal bans in place.
The smartest crypto minds already read our newsletter. Want in? Join them.
The ban prohibits Mashinsky from trading any CFTC-regulated commodity, soliciting customer funds for commodity transactions, applying for CFTC registration, and working in any senior or operational role at a CFTC-registered firm. Mashinsky did not contest the order.
Celsius itself settled with the regulator through a permanent injunction two days after the July 2023 complaint, making Mashinsky the only remaining defendant in the matter.
Four federal regulators have now hit Mashinsky for the same conduct
This CFTC ruling builds upon three other federal rulings, thus becoming the first and only crypto executive to be permanently banned by four federal regulators for one series of actions. In May 2025, Mashinsky was sentenced to 12 years in federal prison by Judge John G. Koeltl in the Southern District of New York.
He had pleaded guilty in December 2024 to commodities fraud and securities fraud charges. The May 2025 sentence also imposed a $50,000 fine and ordered him to forfeit about $48.4 million.
As Cryptopolitan reported in April, the Federal Trade Commission then secured a $4.72 billion civil judgment, an amount designed to track the customer losses from the Celsius collapse. Mashinsky must pay $10 million up front, with the remaining balance suspended on condition he keeps accurate financial disclosures.
The FTC order also imposed a lifetime ban on marketing, advertising, or offering any consumer product involving the deposit, exchange, investment, or custody of assets.
The civil lawsuit filed by the Securities and Exchange Commission (SEC) is ongoing. The SEC alleges that Mashinsky and Celsius have conducted an unregistered securities offering using the Earn program, defrauded customers of the financial health of Celsius, and manipulated the price of CEL tokens. It seeks permanent bars from serving as an officer or director of any corporation and participating in cryptocurrency offerings.
In addition to the CFTC, FTC, and DOJ cases, this action by the SEC is considered to be one of the most coordinated responses to an individual crypto entrepreneur since Sam Bankman-Fried of FTX.
The CFTC complaint detailed how Celsius deployed $20 billion in deposits
On July 13, 2023, the CFTC initiated its lawsuit against Celsius and its CEO Michael Mashinsky. According to the CFTC complaint, from 2018 up until at least June 2022, Mashinsky had been promoting Celsius through video, writing, livestreams, and social media as a safe destination for depositing cryptocurrencies and earning weekly yields.
Behind that messaging, the regulator said, Celsius pooled customer deposits and channeled them through uncollateralized lending and volatile DeFi positions to fund the yields it had promised users. The lending platform took in roughly $20 billion in customer assets before the collapse.
When crypto markets turned in mid-2022, those positions unwound. Celsius suspended withdrawals on June 12, 2022 and filed for Chapter 11 bankruptcy on July 13, 2022. Customers lost approximately $4.7 billion in the collapse, the figure that ultimately anchored both the FTC judgment and the criminal forfeiture order.
Bankruptcy proceedings under reorganized Celsius CEO Chris Ferraro have returned about 64.9% of what creditors are owed, with Tether agreeing in 2025 to pay close to $300 million through a VanEck and GXD Labs consortium that bought claims linked to the bankruptcy.
Mashinsky is trying to vacate his sentence by blaming Sam Bankman-Fried
In May 2026, Mashinsky filed a handwritten motion under 28 U.S.C. § 2255 seeking to vacate his 12-year sentence. Mashinsky argues his trial counsel had a disqualifying conflict (they were also representing FTX founder Sam Bankman-Fried) and that the conflict kept them from pursuing his theory that Bankman-Fried manipulated CEL token prices and accelerated Celsius’s collapse. He claims the alleged conflict and his lawyers’ financial distress deprived him of effective representation at the plea stage.
Ineffective-assistance-of-counsel claims rarely succeed after a guilty plea. Federal courts require defendants to prove both that a conflict existed and that it materially altered the case outcome. Mashinsky’s appeal would need to satisfy both prongs to disturb the sentence Judge Koeltl handed down. Until that motion is decided, Mashinsky is scheduled for release no earlier than 2037, with all four federal bans in place.
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MGX explores multi-billion-dollar acquisition of data center operator DayOne in push to dominate ...Abu Dhabi-backed AI investor MGX is reportedly weighing a multibillion-dollar buyout of DayOne, which operates a data center in Singapore. The deal will come as MGX’s first acquisition in Asia and would highlight the mounting competition among the various parties who seek to obtain the necessary data center infrastructures to fuel the growth of AI technology.
DayOne, which has been looking into a U.S.-listed initial public offering IPO with a value of around $20 billion, could still go ahead with its IPO plans.
MGX targets the physical layer of AI
The pursuit of DayOne is indicative of a trend: sovereign-backed investors from the Gulf states are in competition with private equity, hyperscalers (big cloud operators such as AWS, Azure, and Google Cloud that have large computing capacity infrastructure), and pension funds for securing compute capacity amid the challenges posed by increasing demand for AI computing worldwide.
MGX, a firm that was established two years ago in partnership with Mubadala and G42 as its co-founders, runs under the leadership of Sheikh Tahnoon bin Zayed Al Nahyan, who acts as the National Security Advisor to the UAE. The firm plans to raise over $100 billion worth of investments in the entire AI value chain, starting from semiconductors to chips, Reuters reported.
That ambition has already produced a string of major bets. MGX has backed xAI, OpenAI, and Anthropic, and committed capital to Aligned Data Centers through a $40 billion AI infrastructure fund alongside BlackRock and Nvidia. Separately, the firm took a 15% stake in TikTok’s US operations and invested $2 billion in crypto exchange Binance.
DayOne, affiliated with China’s GDS Holdings, runs data centers in Southeast Asia, Hong Kong, Japan, and Finland. The company closed a $4.5 billion Series C funding round (a late-stage financing round typically used to accelerate expansion ahead of an eventual public offering) in early June 2026 led by existing investors Coatue and Hillhouse, with new backers including Indonesia’s sovereign wealth fund and Achi Capital Partners.
DayOne said the financing would support expansion across Asia-Pacific and Europe. Since its inception in 2022, DayOne has secured more than 1.5 gigawatts (GW) of bookings across Asia-Pacific and Europe.
Gulf-backed capital races for compute capacity
The interest of MGX in DayOne coincides with the development of several agreements around AI infrastructure on three continents.
In Europe, MGX is already a shareholder in Campus AI, a collaboration between France’s Bpifrance, Mistral, and Nvidia which has recently announced their plan to grow to 3 GW of compute capacity in multiple sites in France.
Campus AI believes that this growth will help make France the leader in Europe in large-scale and low-carbon AI infrastructure in light of current competition between countries to get such workloads.
Dubai-based DAMAC Digital, another Gulf-backed operator, said in early June that its planned data center pipeline had reached 6,000 megawatts across 13 countries, including sites in Spain, Italy, the Nordics, Thailand, Indonesia, and the Philippines, according to Block News International.
In the United States, the AI Acceleration Partnership between the UAE and Washington has produced Stargate UAE, a project that will deliver up to 5 gigawatts of computing power in Abu Dhabi, with G42, OpenAI, Oracle, Nvidia, Cisco, and SoftBank involved. Fortune reported that the first 200-megawatt phase is expected to come online before year-end.
American companies are also spending heavily on supporting infrastructure. Amazon signed a multi-billion-dollar agreement with Corning in early June to expand US production of optical fiber and connectivity products used in data centers, a deal Reuters reported would create 1,000 jobs at Corning’s North Carolina facilities.
A buyout would move MGX beyond minority stakes
The MGX-DayOne talks remain preliminary, and the sources cautioned that a transaction may not happen. DayOne has been weighing a dual listing in Singapore and the US, though the Singapore component is not concrete, Reuters reported. DayOne did not respond to requests for comment. An MGX spokesperson declined to comment.
Assuming that a deal does go through, then it would allow MGX to operate its data centers in a region where the demand for AI compute power is increasing rapidly, and not through minority investments as it has been doing till now.
In the market context, it would convey that the funds from Gulf sovereign wealth funds are now interested in more than just being financial backers and increasingly wants to own the physical layer of AI outright.
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MGX explores multi-billion-dollar acquisition of data center operator DayOne in push to dominate ...
Abu Dhabi-backed AI investor MGX is reportedly weighing a multibillion-dollar buyout of DayOne, which operates a data center in Singapore. The deal will come as MGX’s first acquisition in Asia and would highlight the mounting competition among the various parties who seek to obtain the necessary data center infrastructures to fuel the growth of AI technology.
DayOne, which has been looking into a U.S.-listed initial public offering IPO with a value of around $20 billion, could still go ahead with its IPO plans.
MGX targets the physical layer of AI
The pursuit of DayOne is indicative of a trend: sovereign-backed investors from the Gulf states are in competition with private equity, hyperscalers (big cloud operators such as AWS, Azure, and Google Cloud that have large computing capacity infrastructure), and pension funds for securing compute capacity amid the challenges posed by increasing demand for AI computing worldwide.
MGX, a firm that was established two years ago in partnership with Mubadala and G42 as its co-founders, runs under the leadership of Sheikh Tahnoon bin Zayed Al Nahyan, who acts as the National Security Advisor to the UAE. The firm plans to raise over $100 billion worth of investments in the entire AI value chain, starting from semiconductors to chips, Reuters reported.
That ambition has already produced a string of major bets. MGX has backed xAI, OpenAI, and Anthropic, and committed capital to Aligned Data Centers through a $40 billion AI infrastructure fund alongside BlackRock and Nvidia. Separately, the firm took a 15% stake in TikTok’s US operations and invested $2 billion in crypto exchange Binance.
DayOne, affiliated with China’s GDS Holdings, runs data centers in Southeast Asia, Hong Kong, Japan, and Finland. The company closed a $4.5 billion Series C funding round (a late-stage financing round typically used to accelerate expansion ahead of an eventual public offering) in early June 2026 led by existing investors Coatue and Hillhouse, with new backers including Indonesia’s sovereign wealth fund and Achi Capital Partners.
DayOne said the financing would support expansion across Asia-Pacific and Europe. Since its inception in 2022, DayOne has secured more than 1.5 gigawatts (GW) of bookings across Asia-Pacific and Europe.
Gulf-backed capital races for compute capacity
The interest of MGX in DayOne coincides with the development of several agreements around AI infrastructure on three continents.
In Europe, MGX is already a shareholder in Campus AI, a collaboration between France’s Bpifrance, Mistral, and Nvidia which has recently announced their plan to grow to 3 GW of compute capacity in multiple sites in France.
Campus AI believes that this growth will help make France the leader in Europe in large-scale and low-carbon AI infrastructure in light of current competition between countries to get such workloads.
Dubai-based DAMAC Digital, another Gulf-backed operator, said in early June that its planned data center pipeline had reached 6,000 megawatts across 13 countries, including sites in Spain, Italy, the Nordics, Thailand, Indonesia, and the Philippines, according to Block News International.
In the United States, the AI Acceleration Partnership between the UAE and Washington has produced Stargate UAE, a project that will deliver up to 5 gigawatts of computing power in Abu Dhabi, with G42, OpenAI, Oracle, Nvidia, Cisco, and SoftBank involved. Fortune reported that the first 200-megawatt phase is expected to come online before year-end.
American companies are also spending heavily on supporting infrastructure. Amazon signed a multi-billion-dollar agreement with Corning in early June to expand US production of optical fiber and connectivity products used in data centers, a deal Reuters reported would create 1,000 jobs at Corning’s North Carolina facilities.
A buyout would move MGX beyond minority stakes
The MGX-DayOne talks remain preliminary, and the sources cautioned that a transaction may not happen. DayOne has been weighing a dual listing in Singapore and the US, though the Singapore component is not concrete, Reuters reported. DayOne did not respond to requests for comment. An MGX spokesperson declined to comment.
Assuming that a deal does go through, then it would allow MGX to operate its data centers in a region where the demand for AI compute power is increasing rapidly, and not through minority investments as it has been doing till now.
In the market context, it would convey that the funds from Gulf sovereign wealth funds are now interested in more than just being financial backers and increasingly wants to own the physical layer of AI outright.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
DayOne, which has been looking into a U.S.-listed initial public offering IPO with a value of around $20 billion, could still go ahead with its IPO plans.
MGX targets the physical layer of AI
The pursuit of DayOne is indicative of a trend: sovereign-backed investors from the Gulf states are in competition with private equity, hyperscalers (big cloud operators such as AWS, Azure, and Google Cloud that have large computing capacity infrastructure), and pension funds for securing compute capacity amid the challenges posed by increasing demand for AI computing worldwide.
MGX, a firm that was established two years ago in partnership with Mubadala and G42 as its co-founders, runs under the leadership of Sheikh Tahnoon bin Zayed Al Nahyan, who acts as the National Security Advisor to the UAE. The firm plans to raise over $100 billion worth of investments in the entire AI value chain, starting from semiconductors to chips, Reuters reported.
That ambition has already produced a string of major bets. MGX has backed xAI, OpenAI, and Anthropic, and committed capital to Aligned Data Centers through a $40 billion AI infrastructure fund alongside BlackRock and Nvidia. Separately, the firm took a 15% stake in TikTok’s US operations and invested $2 billion in crypto exchange Binance.
DayOne, affiliated with China’s GDS Holdings, runs data centers in Southeast Asia, Hong Kong, Japan, and Finland. The company closed a $4.5 billion Series C funding round (a late-stage financing round typically used to accelerate expansion ahead of an eventual public offering) in early June 2026 led by existing investors Coatue and Hillhouse, with new backers including Indonesia’s sovereign wealth fund and Achi Capital Partners.
DayOne said the financing would support expansion across Asia-Pacific and Europe. Since its inception in 2022, DayOne has secured more than 1.5 gigawatts (GW) of bookings across Asia-Pacific and Europe.
Gulf-backed capital races for compute capacity
The interest of MGX in DayOne coincides with the development of several agreements around AI infrastructure on three continents.
In Europe, MGX is already a shareholder in Campus AI, a collaboration between France’s Bpifrance, Mistral, and Nvidia which has recently announced their plan to grow to 3 GW of compute capacity in multiple sites in France.
Campus AI believes that this growth will help make France the leader in Europe in large-scale and low-carbon AI infrastructure in light of current competition between countries to get such workloads.
Dubai-based DAMAC Digital, another Gulf-backed operator, said in early June that its planned data center pipeline had reached 6,000 megawatts across 13 countries, including sites in Spain, Italy, the Nordics, Thailand, Indonesia, and the Philippines, according to Block News International.
In the United States, the AI Acceleration Partnership between the UAE and Washington has produced Stargate UAE, a project that will deliver up to 5 gigawatts of computing power in Abu Dhabi, with G42, OpenAI, Oracle, Nvidia, Cisco, and SoftBank involved. Fortune reported that the first 200-megawatt phase is expected to come online before year-end.
American companies are also spending heavily on supporting infrastructure. Amazon signed a multi-billion-dollar agreement with Corning in early June to expand US production of optical fiber and connectivity products used in data centers, a deal Reuters reported would create 1,000 jobs at Corning’s North Carolina facilities.
A buyout would move MGX beyond minority stakes
The MGX-DayOne talks remain preliminary, and the sources cautioned that a transaction may not happen. DayOne has been weighing a dual listing in Singapore and the US, though the Singapore component is not concrete, Reuters reported. DayOne did not respond to requests for comment. An MGX spokesperson declined to comment.
Assuming that a deal does go through, then it would allow MGX to operate its data centers in a region where the demand for AI compute power is increasing rapidly, and not through minority investments as it has been doing till now.
In the market context, it would convey that the funds from Gulf sovereign wealth funds are now interested in more than just being financial backers and increasingly wants to own the physical layer of AI outright.
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CrudeFuturesSink
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📉 CRUDE OIL CRASH: Time to Buy the Dip or Short to $70? 🛢️
Crude futures just suffered a massive 25% meltdown! Brent is clinging to $80 and WTI has plunged into the mid $70s.
This is the lowest we have seen oil prices since the start of the conflict earlier this year.
Here is exactly what is driving the market and how to trade it:
⚡ 1. The Catalyst: The U.S Iran Peace Deal
The geopolitical risk premium is completely evaporating. President Trump signed a preliminary deal with Iranian President Pezeshkian extending the ceasefire.
Even bigger news: the Strait of Hormuz is officially open and over 12 million barrels of oil crossed overnight.
🔄 2. Sentiment vs. Physical Reality
The Bears 🐻: Expecting a massive supply glut. Reopening the strait and lifting sanctions could theoretically unleash 800,000+ barrels per day of Iranian crude back onto the global market.
The Bulls 🐂: Arguing that paper traders are overreacting. Damaged infrastructure takes months to repair.
Furthermore, global oil inventories are heavily depleted; refilling them will create a natural price floor.
📊 3. Technical & Macro Headwinds
The Strong Dollar: The U.S. Dollar Index ($DXY) just hit a 13-month high. A dominant dollar always puts heavy pressure on dollar denominated commodities like crude.
The Fragile Floor: Remember, this entire downside depends on peace holding.
News just broke that upcoming diplomatic talks in Switzerland were postponed. Any sign of a breakdown will cause a violent bullish reversal.
#crudefuturessink
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IranWontBlockHormuzFor60Days
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STRCBelowParSlowsStrategyBTCBuys
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