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Wall Street’s massive bet on Intel is now at the mercy of its engineers
Before the market started on Tuesday, Intel shares fell 6.6% in trade, retreating from the previous session’s record high of $141.45. Technology equities were hammered by a broader sell-off as speculators cashed in their gains. Despite the decline, Intel has increased by almost 500% in the last 12 months. As investors withdrew from high-risk tech...Cryptopolitan
Tue, Jun 23
Ethereum Foundation cuts 20% of staff in big reorganization move
The Ethereum Foundation officially reduced its staff by 54 employees (roughly 20% of its workforce) yesterday, June 22, 2026. The Foundation described the recent staff cuts as the final step in a restructuring process that began in June 2025 when the Foundation adopted a new set of objectives and a stricter treasury policy. This was...Cryptopolitan
Tue, Jun 23
Thailand seizes 6,390 crypto mining rigs, issues arrest warrants in $300M laundering probe
Arrest warrants have been issued for eight suspects tied to a money laundering operation responsible for the laundering of over 10 billion baht ($300 million) per year in Thailand. The eight individuals were involved in three, now dismantled, illegal cryptocurrency mining networks. This investigation is one of the largest crackdowns on illicit crypto infrastructure in...Cryptopolitan
Tue, Jun 23
Hut 8 agrees to $2.35 million settlement in USBTC investor suit
AI Miner, Hut 8 (NASDAQ: HUT), has agreed to a $2.35 million settlement to resolve a securities class action suit filed by investors claiming that the Bitcoin miner concealed operational problems at a Texas mining site acquired during its 2023 merger with U.S. Bitcoin Corp. The proposed settlement deal was filed in the U.S. District...Cryptopolitan
Tue, Jun 23
H100 Group shareholders approve proposal to triple BTC reserve in all-stock deal
Shareholders of Sweden’s H100 Group voted on Monday for the board to issue the new shares it needs to complete the acquisition of the Norwegian Bitcoin-holding duo of Moonshot AS and Never Say Die AS. The deal will lift H100’s Bitcoin reserve from 1,051 BTC to roughly 3,500 BTC. The critical item at this year’s...Cryptopolitan
Tue, Jun 23
Bitcoin falls from $65,000 to $62,000 amid South Korean market disruption
Bitcoin dropped back near $62,000 after the bounce toward $65,000 ran straight into a wall of selling across crypto, chips, and Asian stocks. Bitcoin (BTC) was last near $62,500 after pulling a little above its worst point of the day, but it was still down 4% in 24 hours. Crypto stocks were lower too, although...Cryptopolitan
Tue, Jun 23
Samsung unveils UFS 5.0 amid sharp selloff in Korean AI stocks
Samsung Electronics unveiled the successful development of its Universal Flash Storage 5.0 (UFS 5.0), offering sequential read speeds up to 10.8 GB/s, the fastest recorded in this standard. The product is being released amid increased AI workload migration from cloud data centers to edge devices, making it increasingly necessary for the storage systems to become...Cryptopolitan
Tue, Jun 23
THORChain returns 'stronger than before' one month after $11M hack
THORChain announced that it has resumed full operations as of today, June 23. The restart came after an 11-stage, 39-day security overhaul project that started after $10.7 million was stolen from the protocol in a May 1 hack. As of this report, THORChain swaps, liquidity provider actions, and cross-chain signing infrastructure have formally reopened. THORChain...Cryptopolitan
Tue, Jun 23
Dollar Hits One-Year High as Bitcoin Slides Below $63K on Fed Hike Bets
The dollar index (DXY) hit 101 on June 23, marking the highest level seen since May last year. The reason for why it’s climbing matters a lot for crypto. Rather than a pure safe-haven bid due to the situation in the Middle East, this rise could be the indication that the Federal Reserve is finished...Cryptopolitan
Tue, Jun 23
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Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%
US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
US Memory Sector Slides Again Pre-Market as Micron, SanDisk, Western Digital Erase Monday Gains
Apple Retreats Below $340 After Surge: Can First Touchscreen MacBook Pro Help Stock Reach New Highs?
