Tron Inc. Deal Gives Justin Sun’s Father Control of Public Firm Via $100M Token Deal

A Securities and Exchange Commission (SEC) filing posted Monday night outlines the relationship between Tron DAO, Justin Sun, and SRM Entertainment, a Nevada company in the process of changing its name to Tron Inc. The filing details a $100 million private investment in public equity (PIPE) deal, paid entirely in TRX tokens, that gives Sun’s…

Bitcoin Trades Near $102K Support as FOMC Triggers Selling

Key takeaways: Bitcoin dropped $103,500 as traders cut risk ahead of tomorrow’s FOMC decision. Technical data points to a Bitcoin price bounce between $102,000 and $104,000. Onchain data shows mid-term holders realizing significant profits over the past month. Bitcoin (BTC) price slipped to $103,300 after traders started cutting risk ahead of the upcoming Federal Open…

The crypto fund domicile decision.

Opinion by: Julie Bourgeois, Head of Legal and Compliance, 6 Monks Digital asset regulations are rapidly evolving to ensure the transparency and safety of all market participants. This is no more evident than in Europe, where two different regulatory models have emerged. On one side is the European Union’s Markets in Crypto-Assets (MiCA), which offers…

Flare’s FXRP attract institutions to XRPFi ecosystem

Despite its massive popularity, XRP has remained largely absent from decentralized finance (DeFi) because of the technical limitations of the XRP Ledger (XRPL). XRPFi, a DeFi ecosystem centered on XRP (XRP), aims to narrow that gap. It leverages Flare Network’s bridging and smart contract technology to bring XRP into the realm of programmable finance. Flare…

Ether Staked Supply hits 35 million High, amid Record Accumulation Address buying

The supply of staked Ether reached an all-time high this week, signaling growing investor confidence and a squeeze on the liquid supply of the world’s second-largest cryptocurrency. Over 35 million Ether (ETH) coins are now staked under the Ethereum blockchain’s proof-of-stake consensus model, according to data from Dune Analytics. Over 28.3% of the total Ether…

The crypto fund domicile decision.

Opinion by: Julie Bourgeois, Head of Legal and Compliance, 6 Monks Digital asset regulations are rapidly evolving to ensure the transparency and safety of all market participants. This is no more evident than in Europe, where two different regulatory models have emerged. On one side is the European Union’s Markets in Crypto-Assets (MiCA), which offers…

Key BTC price levels to watch as fed rate cut hopes fade

Key takeaways: Fed interest-rate cut odds this week are now less than 0.1%. BTC price may drop as low as $92,000 if key support levels are broken. Bitcoin’s (BTC) price failed another attempt at breaking above the resistance at $110,000 on Tuesday, as tensions in the Middle East escalated. Since June 5, BTC price has…

Bitcoin may see a “rug pull” at $104,000 as BTC price weakness is compounded by order book spoofing.

Key points: BTC price weakness accelerates after the Wall Street open as analysis warns of a “rug pull” at $104,000. Bitcoin bulls have done their best to avoid panic reactions to downside volatility triggers. US dollar strength eyes a comeback after hitting new three-year lows. Bitcoin (BTC) broke below $105,000 on June 17 as analysis…

Solana, Bitget Join Ondo Finance’s ‘Market Alliance’

Decentralized finance platform Ondo Finance has announced the formation of the Global Markets Alliance — an industry partnership with eight cryptocurrency wallets, custodians and exchanges — aimed at accelerating the adoption of onchain financial assets. Announced Tuesday, the alliance includes the Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca….

XRP Gets Another DeFi Boost Through Flare’s FAssets and FXRP, Messari Says

Flare Network is helping push XRP deeper into decentralized finance (DeFi) with FXRP — a fully collateralized, non-custodial representation of XRP on Songbird — and a growing suite of infrastructure now drawing interest from retail and institutional players alike, according to a Messari report. Flare validates off-chain data without external middleware. The framework secures FAssets,…