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Grayscale pegs AAVE fair value at up to $175, calls token undervalued at $75
A recent valuation report released yesterday by Grayscale Research suggests that the Aave token is currently undervalued. The firm projects that if the regulatory environment becomes more favorable for the tokenization of real-world assets, the token’s price could reach approximately $175 within the next year. The report, called “A Guide to Buying the Dip: Valuing...Cryptopolitan
Wed, Jun 17
Syscoin recovers 5 billion SYS tokens after bridge exploit, burns them permanently
Syscoin’s team has recovered and destroyed 5 billion SYS tokens that an attacker minted through a flaw in the project’s cross-chain bridge. Syscoin had to burn the minted tokens to restore its supply to its pre-exploit levels; however, its bridge remains offline. How did the exploit happen? The Syscoin team stated that they detected the...Cryptopolitan
Wed, Jun 17
2026 FIFA World Cup could add $5–$10 billion in prediction market trading
Prediction markets are expected to be greatly impacted by the 2026 FIFA World Cup. According to a June 2026 Bernstein analysis, trade on both regulated and decentralized exchanges might increase by $5 billion to $10 billion. Since online betting sites now compete with established sportsbooks for clients during one of the largest sporting events in...Cryptopolitan
Wed, Jun 17
Federal Reserve keeps interest rates unchanged in Kevin Warsh’s first meeting
The Fed held rates at 3.5% to 3.75% in a unanimous 12-0 vote. Nine policymakers now expect rate hikes this year, while eight support no change and one favors a cut. Officials said inflation remains too high, with the Middle East conflict and rising energy costs adding pressure. Kevin Warsh’s influence is already visible in...Cryptopolitan
Wed, Jun 17
Frontier acquires $900 million from big tech to further carbon removal goals
The Big Tech-backed carbon removal coalition Frontier announced fresh funding of around $915 million on Wednesday, bringing its total financial commitments to $1.8 billion with the addition of top AI company Anthropic to its roster of financiers. Other financial contributors to the new round include Stripe, Google, Shopify, Salesforce, and the H&M Group. Frontier’s objectives...Cryptopolitan
Wed, Jun 17
Kalshi partners with StarCompliance to let employers monitor prediction market trades
Kalshi, the CFTC-regulated prediction market operator, has partnered with the compliance vendor StarCompliance to give financial firms a way to track employee trading on the platform in real time. Prediction markets are facing mounting scrutiny from federal regulators and Congress over insider trading risks, but now compliance teams can flag suspicious trades as they happen,...Cryptopolitan
Wed, Jun 17
Bitcoin Rodney pleads guilty to conspiracy charge in $1.8 billion HyperFund fraud
Rodney Burton, popularly known as “Bitcoin Rodney,” pleaded guilty for his role in the $1.8 billion HyperFund cryptocurrency fraud in a federal court yesterday, June 16. U.S. Attorney Kelly O. Hayes announced the guilty plea alongside Kareem Carter, the IRS Criminal Investigation Special Agent in Charge, and Pete Gizas, the HSI New York Special Agent...Cryptopolitan
Wed, Jun 17
Two altcoins to watch as DeFi market cap nears $70B
Decentralized Finance (DeFi) tokens exhibit mixed signals on Wednesday, with Uniswap (UNI) slightly pulling back from an early-week rally to highs around $3.73, while Aster (ASTER) extends its recovery near $0.80. Bitcoin (BTC) holds above $65,000 following a rejection at June highs around $67,000.
Fxstreet
Wed, Jun 17
Trace Finance raises $32 million series A fund to expand stablecoin infrastructure
Cross-border payments solutions company, Trace Finance, has raised $32 million in a Series A round led by CoinFund to expand its stablecoin settlement infrastructure beyond Brazil into wider Latin American and Asia-Pacific markets. The round involved big players like Coinbase Ventures, Paxos, and Chainlink Labs, and intends to use this investment to better its stablecoin...Cryptopolitan
Wed, Jun 17
Private-market documents get on-chain verification as Inveniam and Docugami target AI’s data trust gap
Inveniam, the data infrastructure company that anchors more than $200 billion in private-market assets on-chain, has moved to close an industry gap with its latest partnership with Docugami. Both parties have come together to bring verifiable, element-level document data to real-world assets. Like most sectors, artificial intelligence has found its way into private markets; however,...Cryptopolitan
Wed, Jun 17
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