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THIS WEEK IN CRYPTO/FINANCE

01 · CoinTelegraph

SEC Approves Nasdaq Bitcoin Index Options on Phlx

02 · CoinTelegraph

OFAC Sanctions Six Ethereum Addresses Tied to Sinaloa Cartel

03 · CoinTelegraph

Echo Protocol Hit by $76.7M Exploit via Admin Key Breach

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SEC Approves Nasdaq Bitcoin Index Options on Phlx
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·2 min read

SEC Approves Nasdaq Bitcoin Index Options on Phlx

The SEC approved Nasdaq’s proposal to list cash-settled, European-style Bitcoin index options on the Philadelphia Stock Exchange under ticker QBTC. The products provide an alternative to spot Bitcoin ETF options with no physical delivery or early assignment risk, but trading cannot begin until the CFTC grants exemptive relief.

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OFAC Sanctions Six Ethereum Addresses Tied to Sinaloa Cartel
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

OFAC Sanctions Six Ethereum Addresses Tied to Sinaloa Cartel

OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network that converted drug proceeds into crypto as part of action against 11 individuals and two entities. The move raises compliance risks for crypto exchanges and virtual asset service providers by highlighting the cartel's use of blockchain technology.

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Echo Protocol Hit by $76.7M Exploit via Admin Key Breach
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·2 min read

Echo Protocol Hit by $76.7M Exploit via Admin Key Breach

An attacker minted about 1,000 unauthorized eBTC worth $76.7 million on Echo Protocol after compromising an admin private key on the Monad blockchain. The incident highlights ongoing DeFi security risks, with at least 12 protocols already exploited this month amid a broader 2026 surge in crypto hacks.

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Mubadala Boosts Bitcoin ETF Stake 16% to $566 Million
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Bitcoin Magazine·1.5 min read

Mubadala Boosts Bitcoin ETF Stake 16% to $566 Million

Mubadala Investment Company raised its stake in BlackRock’s iShares Bitcoin Trust by 16% to $565,616,051 in Q1 2026. The increase continues an unbroken accumulation streak and forms part of Abu Dhabi's strategy to diversify sovereign assets away from oil dependency.

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IREN Closes $3B Convertible Notes to Fund AI Shift
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·1.5 min read

IREN Closes $3B Convertible Notes to Fund AI Shift

IREN Limited closes a $3 billion convertible senior notes offering to accelerate its shift from Bitcoin mining to AI infrastructure. The financing follows major agreements with Microsoft and Nvidia and reflects a broader industry move by miners toward AI and high-performance computing.

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Kraken Replaces LayerZero With Chainlink for Cross-Chain Assets
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1.5 min read

Kraken Replaces LayerZero With Chainlink for Cross-Chain Assets

Kraken is replacing LayerZero with Chainlink CCIP as the exclusive cross-chain infrastructure for its wrapped assets including kBTC, triggering the migration of over $3 billion in TVL. The shift follows a $292 million LayerZero-powered exploit on Kelp that exposed risks in legacy cross-chain setups and mirrors moves by other platforms.

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Nakamoto Shares Hit All-Time Low After $239M Q1 Loss
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·1.5 min read

Nakamoto Shares Hit All-Time Low After $239M Q1 Loss

Nakamoto shares reached a new all-time low after the Bitcoin treasury firm posted a nearly $239 million net loss in Q1 and sold additional BTC. The stock is now down more than 99.5% from its 52-week high even as the company maintains a treasury of more than 5,000 BTC worth over $400 million.

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Solana Launches Testing for Alpenglow Consensus Overhaul
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Solana Launches Testing for Alpenglow Consensus Overhaul

Solana developer Anza has taken Alpenglow live for testing on a community test cluster, marking the biggest proposed consensus overhaul to date. The new architecture is intended to reduce finality times and improve network responsiveness as it advances toward a potential mainnet rollout.

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KDDI to Acquire 14.9% Stake in Coincheck for $65M
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1.5 min read

KDDI to Acquire 14.9% Stake in Coincheck for $65M

KDDI will acquire a 14.9% stake in Coincheck Group for $65 million in a deal expected to close in June. The business alliance signed alongside the investment focuses on revenue sharing, referrals and expanding crypto access across Japan.

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Square Enables Bitcoin for 1 Million US Merchants
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Bitcoin Magazine·2 min read

Square Enables Bitcoin for 1 Million US Merchants

Block Inc.’s Square has auto-enabled roughly 1 million U.S. merchants to accept Bitcoin payments via the Lightning Network with automatic USD settlements. The milestone underscores continuing growth in real-world Bitcoin adoption as everyday payment infrastructure.

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Galaxy Digital to Manage Sharplink's $125M Onchain Yield Fund
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Galaxy Digital to Manage Sharplink's $125M Onchain Yield Fund

Galaxy Digital will manage a new $125 million onchain yield fund receiving $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy. The deployment into DeFi protocols marks a shift in Sharplink’s treasury strategy while preserving its core ETH exposure.

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Binance AI Blocks $10.5 Billion in Crypto Fraud
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·2 min read

Binance AI Blocks $10.5 Billion in Crypto Fraud

Binance said its AI systems prevented more than $10.5 billion in user losses from the start of 2025 through Q1 2026 while intercepting 22.9 million scam attempts in the first quarter alone. The figures underscore AI's dual role in scaling crypto fraud to $17 billion in 2025 while powering over half of the exchange's fraud controls.

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Strategy CEO Outlines Specific Conditions for Bitcoin Sales
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·2 min read

Strategy CEO Outlines Specific Conditions for Bitcoin Sales

Strategy CEO Phong Le outlined that the company will sell Bitcoin only to cover dividends on its 11.5% STRC preferred stock and to manage taxes when such sales are accretive to BTC per share. The assurance comes after co-founder Michael Saylor's comments on periodic sales sparked investor concerns, with Le noting the firm's holdings represent over 4% of Bitcoin supply yet daily volume can absorb the impact.

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AWS Northern Virginia Data Center Overheats, Impacts Coinbase
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1.5 min read

AWS Northern Virginia Data Center Overheats, Impacts Coinbase

An AWS Northern Virginia data center overheated on Friday, impacting Coinbase trading and prompting cancel-only mode on its markets. The outage caused degraded performance for users while both companies work to restore services and confirm customer funds are safe.

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Coinbase Reports $394M Q1 Loss as Revenue Falls 31%
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·1.5 min read

Coinbase Reports $394M Q1 Loss as Revenue Falls 31%

Coinbase reports a $394 million Q1 net loss and 31% revenue drop to $1.4 billion, with transaction revenue down 40% and shares falling over 5%. The results follow a 14% workforce cut and underscore challenges in the crypto market despite operational bright spots.

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BitMine May Slow ETH Buys After Amassing 4% Supply
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·1.5 min read

BitMine May Slow ETH Buys After Amassing 4% Supply

BitMine Immersion Technologies may slow its Ethereum purchases after amassing more than 4% of the circulating supply and nearing its 5% target. Chairman Tom Lee cited other crypto opportunities and the firm’s diversified investments as reasons for a potential change in pace.

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Kraken Parent Payward Buys Reap for $600 Million
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·1 min read

Kraken Parent Payward Buys Reap for $600 Million

Payward Inc., Kraken's parent, agreed to acquire Hong Kong stablecoin payments firm Reap Technologies for $600 million in cash and stock. The deal expands the company into Asian cross-border payments and marks its second major acquisition in a month after buying Bitnomial.

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Payward Closes $550M Bitnomial Deal, Securing CFTC Derivatives Stack
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1.5 min read

Payward Closes $550M Bitnomial Deal, Securing CFTC Derivatives Stack

Payward, the parent of Kraken, has acquired Bitnomial for up to $550 million in cash and stock. The deal provides a complete CFTC-regulated derivatives stack, enabling direct offering of regulated crypto products in the U.S. and following its earlier NinjaTrader purchase.

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Tether Reports $1.04B Q1 Profit, Starts Audit
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·1 min read

Tether Reports $1.04B Q1 Profit, Starts Audit

Tether announced $1.04 billion in Q1 2026 profit and a record $8.23 billion reserve buffer despite crypto volatility. The stablecoin giant also began its first full audit by KPMG amid U.S. expansion and scrutiny.

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Meta Rolls Out Stablecoin Payouts for Creators
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Meta Rolls Out Stablecoin Payouts for Creators

Meta starts offering stablecoin payouts in USDC to select creators in Colombia and the Philippines, supported by Stripe. It marks the company's return to crypto payments years after abandoning Diem.

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Coinbase Premium Turns Negative as Bitcoin Losses Hit $6B
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Coinbase Premium Turns Negative as Bitcoin Losses Hit $6B

Bitcoin's Coinbase Premium turns negative, indicating fading U.S. demand amid a rally. Onchain data show $5.97 billion in realized losses on April 24, with U.S. investors exiting faster than foreign counterparts.

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ZetaChain Dismissed Bug Report Before $334K Exploit
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

ZetaChain Dismissed Bug Report Before $334K Exploit

ZetaChain dismissed a bug bounty report on a vulnerability that enabled a $334,000 exploit via its cross-chain gateway. The incident prompts a review of bug bounty processes and includes a patch rollout.

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Dunamu, Hana Financial Launch Live Blockchain Remittances with POSCO
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

Dunamu, Hana Financial Launch Live Blockchain Remittances with POSCO

Hana Financial, POSCO International and Dunamu have launched a blockchain remittance system into live trade transactions. The system, powered by GIWA Chain, aims to speed up and cheapen cross-border payments versus SWIFT.

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Mezo Launches Institutional Bitcoin Yield Vaults
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Mezo Launches Institutional Bitcoin Yield Vaults

Mezo launches Mezo Prime, bitcoin yield vaults with Anchorage Digital custody, backed and seeded by Bullish. The product highlights institutions' push to generate returns on idle BTC holdings without added risks.

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Celsius Founder Mashinsky Settles FTC Case for $10M
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

Celsius Founder Mashinsky Settles FTC Case for $10M

Celsius founder Alexander Mashinsky settled an FTC case with a $10 million payment linked to a mostly suspended $4.72 billion judgment. The order permanently bans him from asset-related promotions and preserves the FTC's option to revive the full amount over disclosure issues.

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Fake HKD Stablecoins Trade as Licensed Ones Await Launch
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Fake HKD Stablecoins Trade as Licensed Ones Await Launch

Hong Kong's central bank warns of fake stablecoins using HKDAP and HSBC tickers circulating before any licensed ones launch. The HKMA stresses no connection to authorized issuers as regulators push for caution amid the new Stablecoins Ordinance.

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KuCoin EU Hires AML Officer After Austrian Halt Order
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

KuCoin EU Hires AML Officer After Austrian Halt Order

KuCoin EU hires an AML officer and two deputies to address Austria’s FMA order halting its EU business over staffing shortfalls. The exchange awaits regulator approval to resume operations amid other global regulatory challenges.

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RedStone launches settlement layer for RWA DeFi lending
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

RedStone launches settlement layer for RWA DeFi lending

RedStone launches RedStone Settle, a settlement layer to enable tokenized RWAs as DeFi lending collateral by bridging fast liquidations and slow redemptions. It introduces onchain auctions for liquidity providers and could unlock over $30 billion in idle assets.

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CFTC Sues Wisconsin Over Prediction Markets Jurisdiction
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

CFTC Sues Wisconsin Over Prediction Markets Jurisdiction

The CFTC sues Wisconsin after the state targets prediction market platforms like Kalshi and Coinbase as unlicensed gambling. The action continues Chairman Mike Selig's campaign asserting exclusive federal jurisdiction over event contracts.

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Chiliz Expands 70+ Fan Tokens to Solana and Base
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Chiliz Expands 70+ Fan Tokens to Solana and Base

Chiliz expands over 70 fan tokens to Solana and Base using omnichain tech. The move targets a trading surge before the FIFA World Cup.

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Riot Platforms Fixes Rate on $200M Coinbase Loan
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Riot Platforms Fixes Rate on $200M Coinbase Loan

Riot Platforms switches its $200 million Coinbase loan to a fixed rate and extends maturity amid shrinking bitcoin holdings. The move offers cost certainty but heightens risks from loan-to-value triggers if bitcoin weakens.

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Paxos-Toku integration yields on stablecoin payrolls
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

Paxos-Toku integration yields on stablecoin payrolls

Paxos Labs integrates Amplify with Toku to let workers earn yield on stablecoin salaries in Toku wallets without moving funds. The update tackles idle payroll funds for Toku's $1B+ annual network spanning 100+ countries.

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Galaxy Delivers First Data Hall to CoreWeave, Boosts Helios to 1.6GW
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Galaxy Delivers First Data Hall to CoreWeave, Boosts Helios to 1.6GW

Galaxy Digital reports a narrowed Q1 net loss of $216 million and delivers its first Helios data hall to CoreWeave. The move supports expansion into AI infrastructure with over 1.6GW capacity approval.

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Core Scientific plans 1.5GW AI data center in Texas
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

Core Scientific plans 1.5GW AI data center in Texas

Bitcoin miner Core Scientific announces a 1.5GW AI data center campus at its Pecos, Texas site, repurposing 300MW of mining capacity. The expansion taps rising AI demand as miners seek new revenue amid tightening margins.

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Block Discloses $2.2B Bitcoin Holdings in Q1 Report
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·1 min read

Block Discloses $2.2B Bitcoin Holdings in Q1 Report

Jack Dorsey's Block discloses 28,355 BTC worth $2.2 billion in its audited Q1 proof-of-reserves report. The transparency measure, including customer and treasury splits, allows on-chain verification amid industry push post-FTX.

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Israel Approves Shekel-Pegged BILS Stablecoin
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

Israel Approves Shekel-Pegged BILS Stablecoin

Israel’s Capital Market, Insurance and Savings Authority approves the BILS shekel-pegged stablecoin from Bits of Gold after a two-year Solana pilot. The move supports regulated crypto activities amid a strong shekel and booming global stablecoin market.

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Tennessee Crypto Kiosk Ban Takes Effect July 1
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

Tennessee Crypto Kiosk Ban Takes Effect July 1

Tennessee bans crypto ATMs and kiosks effective July 1 under a new law signed by Governor Bill Lee. The measure targets scams linked to the machines, which number over 570 in the state and have cost victims $389 million per FBI data.

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MARA Launches Bitcoin Foundation with $100K Grant Vote
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Bitcoin Magazine·1 min read

MARA Launches Bitcoin Foundation with $100K Grant Vote

MARA Holdings launches the MARA Foundation to bolster the Bitcoin network across security, development, policy, and education, kicking off with a $100,000 community-voted grant. The move underscores the miner's commitment to Bitcoin's long-term health amid its shift toward AI and computing.

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Solana devs align on Falcon signatures vs quantum threats
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Solana devs align on Falcon signatures vs quantum threats

Solana's core developer teams Anza and Firedancer align on the Falcon signature scheme for post-quantum protection, with early implementations underway. The plan addresses blockchain security concerns while preserving network speed amid distant quantum risks.

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Gemini Launches First AI Agent Trading on U.S. Exchange
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Decrypt·1 min read

Gemini Launches First AI Agent Trading on U.S. Exchange

Gemini launches Agentic Trading, enabling AI models like Claude and ChatGPT to execute automated trades directly on the regulated U.S. exchange. It marks the first such integration via the open Model Context Protocol, with pre-built skills for market data and analysis.

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Strive Buys 789 BTC for $61.4M, Holdings Reach 14,557
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via Bitcoin Magazine·1 min read

Strive Buys 789 BTC for $61.4M, Holdings Reach 14,557

Strive Inc. acquires 789 BTC for $61.43 million, pushing holdings to 14,557 BTC worth $1.1 billion. The move continues the firm's strategy of centering Bitcoin as a core asset amid rising corporate adoption.

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Bitcoin hits $75,900, highest since Feb. 5 crash to $60K
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Bitcoin hits $75,900, highest since Feb. 5 crash to $60K

Bitcoin reached $75,900 on April 14, 2026, its highest since the February 5 crash to $60,000, fueled by Middle East optimism lowering oil prices and boosting risk assets. Crypto stocks and miners rallied sharply, with analysts eyeing $76,000 resistance for a potential bullish breakout.

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Bitcoin Faces $20M/Hour Selling Above $70K
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Bitcoin Faces $20M/Hour Selling Above $70K

Bitcoin faces over $20 million per hour in profit-taking sales above $70,000, per Glassnode. This distribution zone since February caps rallies and turns upside momentum into selling events.

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Ether Machine Cancels $1.5B ETH SPAC Merger
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinTelegraph·1 min read

Ether Machine Cancels $1.5B ETH SPAC Merger

Ether Machine and Dynamix mutually terminate their SPAC merger, scrapping a planned $1.5 billion yield-bearing ETH fund. The collapse reflects mounting pressures on Ethereum treasury strategies amid unfavorable market conditions.

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Binance Adds Prediction Markets to Wallet App
VERIFIEDBy Xavier Rivera·Crypto/Finance· ·via CoinDesk·1 min read

Binance Adds Prediction Markets to Wallet App

Binance integrates Predict.fun prediction markets into its Wallet app, covering gas fees for seamless trading. The move taps into a sector with volumes surging 200-fold to over $20 billion monthly, lowering entry barriers for millions of retail users.

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