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Bitcoin reclaimed $70,000 as oil prices jumped following reports of tanker attacks in the Gulf. Meanwhile, crypto developer activity has dropped 75% as talent shifts to AI, Grammarly has disabled its AI “Expert Review” feature after receiving backlash, and the FDIC chair said stablecoins will not receive deposit insurance under the GENIUS Act.

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News Roundup

Artificial Intelligence

  • Microsoft Backs Anthropic in Lawsuit Over Pentagon Blacklist (Decrypt)

  • Grammarly Disables AI ‘Expert Review’ Feature After Backlash (Decrypt)

  • Anthropic Launches New Research Group to Study AI’s Societal Impact (Anthropic)

Decentralized, Centralized, & Traditional Finance

  • Ripple Launches Up to $750M Share Buyback at $50B Valuation (Bloomberg)

  • Cliffwater Private Credit Fund Faces Rising Redemption Requests Over AI-Related Disruption Fears (Bloomberg)

  • Bank of England Signals Possible Easing of Stablecoin Holding Caps (Bloomberg)

  • World Liberty Financial Teases AI Agent Payments for USD1 Stablecoin (DL News)

  • Investors Sue JPMorgan Over Banking an Alleged $328M Crypto Ponzi Scheme (CoinDesk)

  • Euro Stablecoins Remain a Small Slice of the Stablecoin Market (Barter)

  • Lido Launches Stablecoin Vault With USDT and USDC (The Block)

  • Wyoming Selects Hedera for First U.S. State-Issued Stable Token (PR Newswire)

Exchanges

  • Bullish Overtakes Coinbase as Third-Largest Spot Crypto Exchange (CoinDesk)

  • Binance Wins Second U.S. Court Dismissal in Anti-Terrorism Act Lawsuits (PR Newswire)

Exchange-Traded Funds

Infrastructure

  • MediaTek Exploit Could Put Android Phone Crypto Wallets at Risk (Decrypt)

  • Crypto Developer Activity Drops 75% as Talent Shifts to AI (CoinDesk)

  • Wallet ProviderExodus Posts $11M Net Loss in 2025 Despite Record Revenue (The Block)

  • Square Enix Becomes Validator on Tezos Blockchain (eGamers.io)

  • Ethereum’s Core Value Lies First in Serving as a Censorship-Resistant Public Bulletin Board (Vitalik Buterin)

  • Quantum Risk Could Affect About One-Third of Bitcoin Supply, Report Says (Ark Invests)

Markets

  • Wall Street Brokers Move to Offer Clients Access to Kalshi Prediction Markets (Bloomberg)

  • Oil Volatility Drives Nearly $1B in Trading Volume on Hyperliquid (Decrypt)

  • Pump.fun May Expand Beyond Solana Ecosystem (SolanaFloor)

  • U.S. Midterm Election Years Historically Bring Market Volatility (Binance Research)

  • Binance Futures/Spot Ratio Hits 1.5-Year High (CryptoQuant)

  • Bitcoin Reclaims $70K as Oil Surges After Gulf Tanker Attacks (Decrypt)

  • Across Token Surges as Proposal Seeks to Turn DAO Into Private Company (DL News)

  • Eightco Stock Rises After $125M Raise; Tom Lee Joins Board (Decrypt)

  • Sanctioned Ruble Stablecoin Surges on Tron as Russia Seeks Payment Alternatives (DL News)

  • Bitcoin Outperforms Gold and Stocks During Geopolitical Turmoil (Decrypt)

Meme Coins

  • Bonk.fun Domain Hijacked, Wallet-Draining Phishing Prompt Deployed (Decrypt)

  • Pump.fun Surpasses $1B Revenue as Cross-Chain Expansion Signals Emerge (The Block)

Politics & Regulation

  • FDIC Chair: Stablecoins Won’t Get Deposit Insurance Under GENIUS Act (Cointelegraph)

  • Argentine Lawmakers Promote Blockchain and AI With Minimal Government Oversight (DL News)

  • U.S. SEC and CFTC Announce Historic MOU Between Agencies (SEC)

  • Trump Crypto Advisor Says Stablecoins Will Drive Global Deposits in U.S. Banking System (The Block)

  • FATF Warns Offshore Crypto Firms Create AML and Sanctions Risks (Cointelegraph)

  • UK Tax Authority Eyes Crypto Forensic Tools to Boost Enforcement (The Block)

  • CFTC Moves to Formalize U.S. Rules for Prediction Markets (CoinDesk)

  • U.S. Senate Passes Bill With Temporary Ban on Digital Dollar (Decrypt)

  • South Korea’s National Tax Service to Use AI to Track Crypto Tax Evasion (DL News)

Token Generation Events

  • GRVT Plans Post-June Token Launch With Larger Community Airdrop (The Block)

Treasuries

  • Metaplanet Launches VC and Asset Management Units, Invests in JPYC Stablecoin (The Block)

Venture Capital

  • Cryptio Raises $45M Series B to Scale Financial Infrastructure for Digital Assets (The Block)

  • Tether Invests in Ark Labs to Expand Stablecoins on Bitcoin (Decrypt)

Other News

  • Optimism’s OP Labs Lays Off 20% of Staff Amid Strategic Refocus (The Block)

  • Crypto ATM Fraud Jumps 33% in 2025 as AI Deepfakes Fuel Scams (Cointelegraph)

  • Prosecutors Urge Court to Reject Sam Bankman-Fried’s Retrial Request (The Block)

  • ETHDenver 2026 Shows Smaller Crowd but AI Takes Center Stage (Wu Blockchain)

  • Singapore Jails Man Over $6.9M SafeX Crypto Theft and Laundering Case (Decrypt)

  • MoonPay X Games Athletes to Receive Stablecoin Signing Bonuses (Decrypt)

  • What True Self-Custody Actually Requires (Cointelegraph)

  • TON Cancels Dubai Conference Amid Escalating Middle East Conflict (The Block)

Check This Out!

The Altcoin Season Index stands at 40/100, indicating the market remains in Bitcoin season. While Bitcoin continues to dominate, several altcoins have posted strong gains over the past 90 days.

Source: CryptoRank

Meme of the Day

Source: naiivememe

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