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Bitcoin briefly hits $58K as short-term holder weakness deepens, macro conditions trigger liquidations
Bitcoin fell briefly toward the $58,000 level on Thursday as mounting macroeconomic uncertainty, weakening short-term investor conviction and widespread liquidations intensified selling pressure across crypto.
Fxstreet
Fri, Jun 26
ON semiconductor to buy Synaptics in $7 billion deal, joins "Edge AI" market
Semiconductor technology firm, Onsemi, will acquire chipmaker Synaptics in an all-stock transaction valued at about $7 billion, both companies announced on Wednesday. This combination of power semiconductors with edge computing will position the merger at the center of what both companies have referred to as “Physical AI.” Under the agreement, Synaptics shareholders will receive 1.350...Cryptopolitan
Fri, Jun 26
Aave founder Stani Kulechov rejects reported Payward bid, says protocol won’t sell tokens at 70% discount
On Friday (June 26), Stani Kulechov, the founder of the decentralized lending protocol Aave, expressed disbelief at a report suggesting Aave may be sold at a fraction of its current market valuation. His response suggests that larger DeFi protocols are rebuffing acquisition interest at discounted terms, despite traditional finance companies seeking ways into the onchain...Cryptopolitan
Fri, Jun 26
OpenAI tilts toward 2027 IPO as Anthropic prepares to list first
OpenAI is leaning toward postponing its initial public offering until 2027, per a New York Times report on June 25 citing people involved in the company’s internal deliberations. The shift represents a reversal from the late-2026 timeline OpenAI has signaled since January, with CEO Sam Altman rejecting any valuation below $1 trillion and CFO Sarah...Cryptopolitan
Fri, Jun 26
Circle and Nomura unveil plan for instant global USDC settlements
Circle and Nomura have disclosed plans to set up a corporate digital asset payment settlement service in Japan by 2027. The joint venture will allow Japanese companies to convert their yen into USDC for cross-border transactions, foreign exchange settlements, and transfers between overseas affiliates. The move follows Japan’s approval of USDC for corporate use and...Cryptopolitan
Fri, Jun 26
Microsoft raises Xbox console prices by up to $150, blaming soaring memory costs tied to AI demand
Microsoft announced on June 25 that Xbox console prices will rise worldwide on August 1, with 512GB Xbox Series S models going up $100 to $500 and 1TB models rising $150. The Xbox Series X Digital will reach $750 and the standard Series X $800. The 2TB Series X is being discontinued. Updated XBOX Console...Cryptopolitan
Fri, Jun 26
Coinbase's Base probes suspected invalid block behind two-hour outage
Coinbase’s layer-2 network Base experienced an outage lasting approximately two hours on Thursday after an invalid block caused a consensus failure that stopped all transactions on the chain in what seems to be its biggest outage in 90 days. The network was affected starting at 16:03 UTC when Base’s status page indicated the mainnet’s block...Cryptopolitan
Thu, Jun 25
Polish cybercrime unit arrests four in FBI-backed SIM swap and crypto theft raid
Poland’s Central Bureau for Combating Cybercrime (CBZC) has detained four people in a joint operation with FBI and Homeland Security Investigations (HSI) agents. Poland’s authorities have charged the four detained individuals with running SIM swap attacks in order to steal from cryptocurrency exchange accounts. They have also been charged with laundering the proceeds through a...Cryptopolitan
Thu, Jun 25
Polymarket users lose nearly $3 million in suspected phishing attack
Popular on-chain analyst Specter just reported a major Polymarket breach today that stole up to $2.94 million from about 11 accounts combined. According to Specter, the stolen funds were originally held as PUSD (Polymarket’s USD-pegged collateral token), swapped into ETH and sent to a final address. While 11 victims have been identified so far, the...Cryptopolitan
Thu, Jun 25
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