FG Nexus Sells 10,000 ETH as Treasury Losses Top $100M

A wallet tagged by Arkham to the publicly listed Ethereum treasury company FG Nexus moved another 10,000 Ether on Wednesday, extending a series of sales that began after the company built a large position in 2025. The latest transfer equates to roughly $17.8 million at current prices and comes after earlier disposals that saw the…

Kentucky Sues Prediction Markets Over Sports Event Contracts

Kentucky has sued five prediction market platforms, including Kalshi and Polymarket, adding to a wave of US states launching legal fights with prediction markets over sports event contracts. State Attorney General Russell Coleman said in a statement Wednesday that his office filed lawsuits in state court against Polymarket and Kalshi — also naming Kalshi partners…

XRP slips 4% below $1.20 after breakout rally stalls near key resistance

XRP’s push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18. The pullback doesn’t fully undo last…

Bitcoin Under Pressure Following Trump, Warsh Comments

Key takeaways: Bitcoin remains under pressure from $2.1 billion in ETF outflows in June and an ongoing discount relative to global Bitcoin/USDT pairs. Strategy’s STRC stock shows weakness, highlighting growing concerns over monthly dividend obligations and share dilution. The US stock market traded down on Wednesday after President Donald Trump said the memorandum of understanding…

Franklin Templeton, BNP Paribas See Tokenization Boosting EU’s Capital Efficiency

Large financial institutions are turning to tokenization to improve capital efficiency and liquidity, according to representatives from Franklin Templeton and BNP Paribas. Speaking at a panel at the WAIB Summit 2026 in Monaco, industry executives discussed how tokenized assets and stablecoins could modernize Europe’s capital markets by streamlining settlement, improving collateral mobility and creating new…

ETH Hits 13 Month Low As BTC, Altcoins Crumble: Is $1.4K Next?

Key takeaways: Ether derivatives metrics flip to a heavily bearish bias as cascading liquidations cut off a relief bounce.  A critical Zcash bug discovered by AI triggers widespread fears of contagion, driving a contraction in Ethereum TVL. Ether (ETH) plummeted to a 13-month low of $1,540 on Friday, following the bearish trend across the broader…

Organizations Urge Congress to Ban Sports Betting on Prediction Markets in CLARITY Act

Several national gaming and tribal organizations and labor groups have reportedly called on the US Senate to add language “that explicitly prohibits event contracts tied to sports and casino-style gaming” in the Digital Asset Market Clarity (CLARITY) Act. According to a Wednesday Semafor report, groups tied to sports betting, including the Indian Gaming Association and…

​​Bitcoin Realized Losses See 46% Drop: Are Spot Buyers Coming Back?

Bitcoin’s (BTC) latest bout of panic selling produced significantly smaller realized losses than those seen during the February correction. Realized losses peaked at $1.4 billion during the June decline, compared to $2.6 billion in February, while the buy-side liquidity on Binance strengthened above recent lows at $60,000, according to Glassnode.  BTC realized drop 46% from…

Inveniam to Acquire Mantra After Turbulent Year Marked by OM Crash

Data infrastructure company Inveniam Capital Partners announced plans to acquire layer-1 blockchain Mantra and its affiliated entities, deepening its push into tokenized real-world assets (RWAs). The transaction follows a $20 million strategic investment made by Inveniam in Mantra in August 2025, according to a Tuesday announcement. On May 13, Inveniam launched NVNM Chain, a layer…

Bitmine’s Ether Holdings Reach 5.54M ETH After Latest Purchase

Bitmine Immersion Technologies increased its Ether holdings to 5.54 million ETH after acquiring nearly 127,000 tokens over the past week, bringing its treasury to 4.59% of Ethereum’s total supply. The company said it has now reached 92% of its stated goal of acquiring 5% of Ethereum’s total supply, a strategy it calls the “Alchemy of…