Hyperliquid’s $10B Open Interest Shows Cross-Asset Growth in Equities, Commodities: Talos

Hyperliquid’s perpetual futures open interest recently exceeded $10 billion as the platform expanded into equity-linked products, commodities and synthetic pre-IPO trading. Hyperliquid is now the third-largest perpetual futures exchange, with growth driven primarily by crypto assets and supported by expanding trading in equities, commodities and indexes through Hyperliquid Improvement Proposal-3 (HIP-3), according to digital asset…

Bitmine ETH Buys Overshadowed By $345M ETF Outflow

Key takeaways: The Spot Ether ETF outflows overwhelmed BitMine’s ETH accumulation, raising the chance of a drop below the $1,500 support. Falling DApps revenue and weak staking yields highlight limited ecosystem incentives despite tokenization potential. Ether (ETH) has failed to sustain prices above $1,600 since Thursday, following the broader cryptocurrency market’s downtrend. Lower oil prices…

Massachusetts AG Files Amended Lawsuit Against Kalshi over Sports Betting after Court Ruling

Prediction markets platform Kalshi’s legal battle against Massachusetts will continue after a judge ruled that state authorities could add allegations against the company over sports betting. In a Tuesday filing in Suffolk County Superior Court, associate justice Peter Krupp allowed state authorities to file a 71-page amended complaint, building on a filing alleging that Kalshi…

Bitcoin Open Interest Surges Into Lows After US Dollar Hits New 40-Year Yen High

Bitcoin (BTC) fell toward $58,000 around Tuesday’s Wall Street open as the clock ticked down to a brutal quarterly close. Key points: US stocks’ Q2 gains leave Bitcoin far behind as bulls nurse losses of nearly 20%. Bitcoin faces renewed pressure from the risk of Japanese government moves to support the yen. BTC price weakness…

Spiko Links Ucits Treasury Funds to Coinbase Payments

Investment firm Spiko has integrated Coinbase’s stablecoin payment infrastructure into two regulated EU Treasury-bill funds, allowing eligible investors to fund subscriptions and receive redemption proceeds using USDC and EURC.  Coinbase said Tuesday the integration covers Spiko’s EU T-Bills Money Market Fund and US T-Bills Money Market Fund. Both are structured as Undertakings for Collective Investment…

Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud

A U.S. judge sentenced Chinese businessman Miles Guo, the billionaire behind the fraudulent crypto venture Himalaya Coin, to 30 years in prison, long after a trial jury found the well-connected defendant was guilty of several crimes in 2024. Guo, 55, also known as Ho Wan Kwok and a number of other aliases, was a self-imposed…

ESMA Clarifies Reverse Solicitation Rules Under MiCA

European Union crypto clients should be served through a Markets in Crypto-Assets Regulation (MiCA)-authorized legal entity after the bloc’s July 1 transitional deadline, the European Securities and Markets Authority (ESMA) told Cointelegraph, adding to questions over how global exchanges can keep servicing users in the region. Crypto asset service providers (CASPs) must hold MiCA authorization…

Strategy Plan Splits Views as MSTR, STRC Trade Mixed

Michael Saylor’s Strategy won support from some Wall Street analysts after unveiling a new capital framework, but the changes also sparked debate over the company’s long-term Bitcoin strategy and sustainability. Benchmark Equity Research on Monday reiterated its Buy rating on Strategy’s Class A stock MSTR and maintained a 12-month price target of $570, according to…

StarkWare Releases Quantum-Resistant Roadmap For Starknet

Zero-knowledge scaling company StarkWare has released a quantum-resistant roadmap for Starknet, arguing that other chains will remain exposed if the industry is “too stubborn or stupid” to act. In an announcement on Tuesday, Starknet framed its three-phased quantum-resistant roadmap as evidence that the crypto industry has no excuse for remaining vulnerable to future quantum computing…

Michigan Judge Blocks Kalshi from Allowing Residents to Place Sports Bets

A Michigan judge temporarily blocked prediction market Kalshi from allowing residents to place bets on sporting events, after the state’s attorney general accused the platform of violating gambling laws. Kalshi was hit with a temporary restraining order from Ingham County Circuit Court Judge Rosemarie Aquilina, who said the platform would be fined $120,000 for each…