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Bitcoin trades near $77,700 as analysts eye $75,000 support after liquidation wave

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Bitcoin heads into holiday weekend exposed as ETF and CME flows go offline

Bitcoin traded near $77,733 by midday Hong Kong time, according to CoinDesk data, little changed over the past 24 hours, after sliding as low as $76,685 and failing to hold above $78,000 during U.S. trading hours.

Derivatives positioning suggested the recent selloff may have been more of a leverage flush than the start of a broader market breakdown. Open interest, a measure of outstanding leveraged futures positions, held relatively steady while funding rates stayed low or negative, a sign that traders were not aggressively piling into bullish bets before the drop.

“There was no massive accumulation of leveraged longs prior to this, meaning most of those liquidated in this drop were leveraged funds attempting short-term bottom-fishing. Second, this signals that we are not in the middle of a structural trend reversal downward. The temporary bottom of $75,000–$77,000 remains well-defined,” Tim Sun, senior researcher at HashKey Group, told CoinDesk

The bigger problem, he said, is macro: investors are de-risking as long-term yields rise, oil and inflation risks remain in focus, and there is “currently no compelling reason for new capital to enter the market.”

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CoinGlass data showed $200 million in crypto liquidations over the past 24 hours, split almost evenly between long and short positions, suggesting the move was less a one-sided capitulation than a volatile market whipping both directions.

Sun pointed to the U.S. 30-year Treasury yield, which recently pushed above 5%, as the more important pressure point. Higher long-term yields tend to weigh on speculative assets by raising the opportunity cost of holding non-yielding assets like bitcoin while tightening broader financial conditions.

The next catalyst may come from geopolitics.

Sun said a meaningful de-escalation in U.S.-Iran tensions could cool oil prices and inflation expectations, easing pressure on yields and giving bitcoin room to rebound.

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But if yields remain elevated and geopolitical risks persist, bitcoin may stay stuck in what he described as a defensive, range-bound market, with the $75,000 to $77,000 zone serving as the key near-term support level.

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The average SpaceX buyer post-IPO is almost under water after two-day slide

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The average SpaceX buyer post-IPO is almost under water after two-day slide

SpaceX celebrates their IPO at the Nasdaq on June 12th, 2026.

Adam Jeffery | CNBC

The average investor who bought SpaceX shares in the open market after its debut has seen nearly all of their gains disappear as a sharp pullback erased a large chunk of the stock’s post-IPO surge.

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Shares of SpaceX fell 3.6% Thursday to just under $184.98 a share. The stock’s five-day volume-weighted average price, or VWAP, is $181.71 a share. VWAP measures the average price a security has traded throughout the day, weighted by trading volume and is widely used by traders to gauge investors’ positioning.

The move suggests the average post-IPO buyer is now approximately breaking even.

The stock soared from its $135 IPO price to an intraday high above $225 on Tuesday as investors piled into one of the most anticipated public offerings in years. Since then, however, shares have retreated 20%, wiping out much of the gains accumulated after the debut. It’s now back to where it was trading on day two, Monday..

The decline has also narrowed the profits for thousands of retail investors who gained access to the IPO through brokerage platforms including Robinhood, Fidelity and SoFi. While many individual investors received only a fraction of the shares they requested — in some cases just one or a handful of shares — those allocations were purchased at the $135 offering price, leaving them with gains even after the recent pullback.

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The reversal underscores how quickly sentiment has shifted following the company’s blockbuster debut. After briefly pushing SpaceX’s market value close to $3 trillion, investors have begun reassessing whether the stock’s rapid advance can be justified by fundamentals.

— CNBC’s Chris Hayes and Deena Zaidi contributed to the story.

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Intel (INTC) Soars on Apple Partnership as Chip Sector Rallies and SpaceX Stumbles

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Highlights

  • Intel stock soared following news of a strategic chip collaboration with Apple centered on domestic U.S. production facilities
  • Major semiconductor names like Nvidia, Micron, and Broadcom staged a powerful comeback following recent weakness
  • SpaceX experienced its most significant drop since its blockbuster public debut as early investors locked in returns
  • Crude oil retreated on optimism surrounding potential diplomatic progress between the United States and Iran
  • Apple cautioned investors that escalating memory and storage component expenses may necessitate higher device pricing

Intel’s shares surged during Wednesday’s trading session following revelations that Apple intends to partner with the chipmaker on design and production initiatives within American borders. The strategic alliance between these tech giants is anticipated to focus on semiconductor projects as the nation intensifies efforts to expand domestic chip manufacturing capabilities.

This development arrives as welcome news for Intel during a critical transformation period. The company has been aggressively expanding its contract manufacturing operations—referred to internally as its foundry business—in an effort to challenge industry leaders such as TSMC and Samsung.

Semiconductor Sector Mounts Impressive Comeback

The wider chip industry experienced a robust trading day. Nvidia, Micron, Broadcom, and Marvell Technology each recorded significant advances following several challenging weeks.

Market participants had been stepping away from semiconductor investments amid worries about elevated valuations and interest rate dynamics. Numerous investors viewed the recent decline as an attractive entry point to rebuild positions.

Artificial intelligence continues serving as the primary catalyst for sector demand. Corporations are allocating substantial capital toward AI processors, data center infrastructure, and network equipment, with industry observers projecting this momentum to persist.

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SpaceX Experiences Profit-Taking Pressure Following Historic Public Offering

SpaceX endured one of its most challenging trading sessions since its market debut earlier in the year. Shares declined as initial investors capitalized on profits following the company’s unprecedented IPO performance.

The SpaceX public offering set records as the largest ever completed. The enterprise’s diversified operations spanning rocket technology, satellite broadband services, artificial intelligence, and defense contracting generated substantial early enthusiasm among market participants.

Industry analysts note that post-IPO price swings are typical following high-profile market entries. The stock is projected to exhibit continued volatility in coming sessions as market forces establish appropriate valuation levels.

Crude Prices Decline on Diplomatic Optimism

Oil prices retreated as market participants grew increasingly hopeful regarding potential diplomatic breakthrough between Washington and Tehran. Should Iran resume greater oil exports to international markets, global supply would expand and prices would face additional downward pressure.

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Decreasing crude costs typically provide relief for aviation companies, logistics firms, and end consumers. They can also alleviate pressure on monetary authorities working to contain inflationary forces.

Apple Signals Potential Device Price Increases

Apple informed the investment community that escalating expenses for memory and storage elements may result in price adjustments for upcoming product releases. The technology leader has been impacted by robust demand for AI-focused semiconductors, which has elevated costs for critical components within its supply chain.

Market watchers are monitoring whether potential price hikes will impact unit sales volumes and the company’s profitability metrics.

Apple’s cost warnings underscore how artificial intelligence investment is creating cascading effects throughout the broader technology landscape, influencing everything from enterprise computing infrastructure to consumer-facing electronics products.

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BNB Chain’s LAB Token Keeps Exploding in a Parabolic Rally: What’s Next?

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BNB Chain’s LAB Token Keeps Exploding in a Parabolic Rally: What’s Next?

LAB jumped more than 19% in a single day, reclaiming the $17 area as whale wallets stacked fresh long positions. A parabolic curve on lower timeframes now points the token toward $19.

The move extends a recovery off the $7 support band, where larger holders defended price and printed a higher low. On-chain positioning and momentum readings now suggest buyers still hold the advantage.

LAB Token Daily Price Chart. Source: CoinGecko

Whale Wallets Pile Into LAB Longs

Whale positioning leans heavily bullish. The notional long-to-short ratio is 260.67%, indicating long exposure outweighs shorts by roughly 2.6 times across 214 tracked whales.

The 129 long whales hold $27.58 million in positions at an average entry of $10.25. That cohort shows 92.24% profitability and $4.73 million in unrealized gains.

LAB whales overview. Source: X

The 85 short whales tell the opposite story. They hold $10.58 million at an average entry of $10.85, yet only 4.70% sit in profit, with $1.30 million in unrealized losses.

Short-term flow confirms the same bias. Over the past hour, 67 whales bought against 35 sellers, with net buy volume of $490,000 versus $179,000 in net selling.

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This accumulation echoes recent whale buying across other altcoins. A sustained move below the $13 zone would be the first sign that longs are unwinding.

RSI Climbs Toward Overbought Territory

On the daily chart, LAB reclaimed the $16 area with a daily candle up more than 19%, extending the uptrend that began at the May 29 low after the price bounced off the $7 support band and printed a higher low (blue circle).

The token now tests the 0.5 Fibonacci retracement at $16.03 as resistance, with the 0.382 level near $18.84 standing as the next upside target if buyers hold control.

LAB daily chart. Source: Tradingview

Momentum supports the whale bias, though it carries a warning. The daily Relative Strength Index (RSI) reads near 65 and is rising into bullish territory.

On the hourly chart, RSI trades inside an ascending parallel channel and sits just above the midline. That structure leaves room for a push toward the channel’s overbought extreme.

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LAB hourly RSI chart. Source: Tradingview

However, the advance comes on thin volume. A parabolic move into overbought conditions on weak participation often precedes sharp pullbacks. Therefore, the same readings that look bullish now could flip quickly if buyers fail to follow through.

LAB Price Prediction and the $13 Line

The hourly chart shows LAB tracking a steepening parabolic curve since the May 29 low. The token trades near $15.46 and is testing the 0.5 Fibonacci retracement at $16.03 as immediate resistance.

A clean break opens the path to the 0.382 Fibonacci level near $18.84, just below $19. That target is roughly 22% above the current price and aligns with the rally’s next logical resistance level.

LAB hourly chart. Source: Tradingview

Momentum favors that scenario in the near term. However, parabolic structures rarely hold for long, and the thin volume behind this leg keeps the risk of a fast reversal elevated.

The critical support is the 0.618 Fibonacci level at $13.21, the same $13 zone whales are watching. Losing it would invalidate the bullish thesis and expose the 0.786 level near $9.20.

Fundamentals add risk to the setup. A scheduled unlock of 282 million tokens in August could pressure a market still recovering from its June crash, when LAB fell 77% from its record high of $27.96.

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For now, LAB price holds above support and eyes $19, but $13 remains the level that decides the trend.

The post BNB Chain’s LAB Token Keeps Exploding in a Parabolic Rally: What’s Next? appeared first on BeInCrypto.

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STRC at all-time low as Strategy loses 40 years of dividend coverage

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STRC at all-time low as Strategy loses 40 years of dividend coverage

Michael Saylor’s bitcoin (BTC) treasury company Strategy has lost 40 years of forecasted dividend coverage in just seven months.

On November 20, the company announced, “At current BTC levels, we have 71 years of dividend coverage assuming the price stays flat.”

However, on Thursday morning, it admitted, “We have 32 years of dividend coverage through our BTC Reserve.” A few hours later, the counter on its homepage ticked down to 31.

Things aren’t going well for Strategy. As of writing time, the company’s common stock, MSTR, is within 7% of its 52-week low and its largest dividend-paying stock, STRC, hit an all-time low today.

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Strategy loses four decades of dividend coverage

Strategy calculates Dividend Coverage using elementary division, dividing the market value of its BTC holdings by its forecasted year of dividend payments.

Obviously, the lower the price of BTC, the fewer years Strategy can pay dividends by hypothetically selling its BTC.

Moreover, years decrease even with a flat BTC price as Strategy increases its annual dividend obligations by issuing more dividend-paying shares.

This second cause, also known as dilution, is the primary reason for Strategy’s shortened runway. 

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Indeed, the company has aggressively diluted shares of its preferred stocks, especially STRC. On November 20, 2025, the total face value of STRC was $2.8 billion. Today, it’s $10.5 billion.

All of those extra preferred shares pay dividends.

Read more: Saylor distances himself from STRC-backed DeFi after stablecoin wobble

STRC hit an all-time low today

STRC, according to dubious claims about its stability and comparisons to savings accounts or money markets, pays a variable 11.5% annualized dividend rate and is supposed to trade near its $100 par value.

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In fact, it trades at wildly lower prices than that Saylor’s intention. Today, for example, STRC fell to an all-time low of $82.53, 17.5% below its intended price.

As the price of BTC dropped from about $90,000 in mid-November to roughly $63,000, a decline of 30%, smaller numerator reduced Strategy’s dividend coverage.

Over the same time period, Strategy ran up its dividend bill. Annual preferred obligations have increased by hundreds of millions of dollars, and they all require USD cash. 

Over the last seven months, the company kept diluting preferred shareholders, manufacturing more obligations that never end, in order to fund one-time purchases of BTC that are almost entirely underwater as the BTC bear market has continued lower.

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Ex-Celsius CEO Mashinsky gets U.S. CFTC ban in final resolution with regulator

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Ex-Celsius CEO Mashinsky gets U.S. CFTC ban in final resolution with regulator

The punishments of Alexander Mashinsky, the imprisoned former chief of Celsius until its high-profile collapse, continue with a formal banishment from any ability to seek business with the U.S. Commodity Futures Trading Commission or the trading it oversees.

The derivatives regulator didn’t pile any new fines onto Mashinsky, who previously pleaded guilty to accusations he misled the public about the health of his failing crypto firm as it was imploding, but the agency added an expected registration and trading ban, according to a Thursday statement. That’s a minor addition to the 12-year prison sentence imposed in his criminal case, in which he pleaded guilty to fraud, was hit with a $50,000 fine and ordered to return $48 million.

The CFTC’s arrangement, which “permanently restrained, enjoined and prohibited” him from any commodities activity, has been recorded in U.S. District Court for the Southern District of New York, according to the filing, and was approved by a judge on Thursday, the court docket shows.

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Strategy (MSTR) Stock Plunges Over 6% Amid Preferred Stock Collapse and Insider Sales

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MSTR Stock Card

Key Takeaways

  • Strategy’s common stock plummeted nearly 6%, settling around $109 following STRC preferred stock’s decline to an all-time low of $89
  • The STRC price drop beneath $100 par value has suspended Strategy’s capacity to issue additional shares for bitcoin acquisitions
  • In May, Strategy liquidated 32 bitcoin — marking its first cryptocurrency sale since 2022 — to cover STRC dividend obligations
  • Board member Jarrod Patten offloaded approximately $9 million in MSTR shares across a three-month period; additional executives sold earlier this year
  • Wall Street firms including Bernstein, TD Cowen, Citigroup, and BTIG maintained positive ratings with price objectives ranging from $250 to $450

Strategy (MSTR) shares experienced a sharp 6% decline Thursday, hovering near $109, as the company confronted mounting challenges from several fronts — deteriorating preferred share valuations, executive stock sales, and a subdued cryptocurrency market following the Federal Reserve’s recent policy announcement.


MSTR Stock Card
Strategy Inc, MSTR

The primary catalyst was the decline of STRC, Strategy’s Stretch preferred stock, which plummeted to an unprecedented low of $89. This development carries significant implications because STRC’s trading price below its $100 par value has compelled Strategy to suspend its at-the-market offering program — the principal vehicle through which it generates capital for bitcoin purchases.

With this financing avenue now closed, Strategy’s fundamental bitcoin acquisition model has ground to a halt.

Company Breaks Bitcoin-Only Policy

Toward the end of May, Strategy liquidated 32 bitcoin for roughly $2.5 million to satisfy STRC dividend requirements. This transaction represented the company’s first bitcoin sale since initiating its accumulation program in 2022.

Executive Chairman Michael Saylor had consistently championed a hold-only approach. The sale marked a significant shift from that established strategy, though analysts from Benchmark and TD Cowen dismissed concerns about a wider strategic unraveling.

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Compounding the competitive dynamics, Strive’s competing SATA preferred stock maintains trading above $99 while offering a 13.69% yield, attracting dividend-seeking investors toward an alternative vehicle.

Market analytics firm QCP calculates Strategy possesses approximately 7.5 months of remaining liquidity to satisfy preferred dividend commitments. QCP highlighted the company may ultimately confront a decision between securing additional capital, further diluting existing shareholders, or liquidating additional bitcoin holdings.

Strategy recently bought back nearly $1.5 billion in convertible debt instruments maturing in 2029 while simultaneously raising approximately $200 million through MSTR equity sales — a portion of which financed another $100 million bitcoin purchase.

Director Stock Sales Compound Concerns

Director Jarrod Patten exercised options on 1,500 Class A shares at an exercise price of $18.236 and disposed of them at approximately $134, netting roughly $200,000. Throughout the preceding three months, Patten has divested 55,750 MSTR shares generating total proceeds near $9 million.

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He maintains ownership of 28,406 Class A shares along with 44,250 outstanding director options.

Earlier this year, CEO Phong Le, CFO Andrew Kang, and former EVP Wei-Ming Shao similarly sold millions in MSTR equity.

The Federal Reserve’s June 17 unanimous 12-0 decision maintained interest rates at 3.50%–3.75%, though the updated dot plot revealed nine of 18 FOMC participants now anticipate at least one rate increase before 2026 concludes. This hawkish shift pressured bitcoin and cryptocurrency-related equities despite broader market strength.

Bitcoin was trading around $63,850 at publication time, declining approximately 2% over 24 hours. At this valuation, Strategy’s holdings reflect an unrealized loss of roughly $11,658 per coin relative to its average purchase price.

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MSTR finished Wednesday’s session down 5.09% at $116.56, followed by an additional 2.1% drop to $114.04 during Thursday morning trading. The equity has now declined approximately 31% over the trailing month.

Notwithstanding these headwinds, Bernstein maintained its buy recommendation with a $450 price objective. TD Cowen sustains its $350 target, Citigroup at $260, and BTIG at $250.

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CME Group Challenges CFTC Rulings on Crypto Perpetual Futures

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Crypto Breaking News

CME Group has filed a lawsuit challenging the US Commodity Futures Trading Commission’s (CFTC) handling of cryptocurrency perpetual futures, arguing the agency has been applying the Commodity Exchange Act in a way that Congress did not intend. The complaint was submitted in a Thursday filing in the US District Court for the District of Columbia against the CFTC and its chair, Michael Selig.

The dispute centers on the CFTC’s recurring approvals of perpetual futures tied to crypto spot prices, including a May 29 notice that approved a Bitcoin (BTC)-linked perpetual futures structure for prediction markets platform Kalshi and issued a no-action position for similar products on Coinbase. CME argues these actions conflict with congressional directives and asks the court to vacate the approvals.

Key takeaways

  • CME’s lawsuit targets the CFTC and chair Michael Selig over the agency’s regular handling of crypto perpetual futures.
  • The complaint ties the disagreement to how perpetual products are classified under the Commodity Exchange Act, including whether they should be treated like “swaps” with expiry dates.
  • CME alleges Selig acted unilaterally rather than through a full five-commissioner panel.
  • CFTC’s response, via a spokesperson, rejects the claims and calls the complaint “frivolous.”
  • The case comes amid wider uncertainty around CFTC leadership composition, with Selig operating as sole commissioner.

What CME is alleging in its complaint

According to CME’s filing, the CFTC’s approvals of perpetual futures attached to crypto spot benchmarks run contrary to what CME says Congress intended when it set out the regulatory framework for derivatives. CME’s argument focuses on the agency’s approach to classification—specifically, CME claims the CFTC has treated “futures” as if they were “swaps” that carry expiration dates.

CME further contends that these steps violate the Commodity Exchange Act. In addition to the statutory interpretation issue, the company raises a procedural concern: it argues Selig acted without the full complement of five CFTC commissioners, which CME characterizes as improper.

“With one stroke of his pen, [Selig] overrode Congress’s definition of the term ‘swap’ and circumvented the regulatory regime Congress required for that form of derivative,” the complaint says.

“The CFTC’s failure to evenhandedly, consistently, and correctly apply the CEA risks harming competition and destabilizing derivatives markets.”

Why Kalshi and Coinbase are central to the dispute

The lawsuit draws on a May 29 CFTC notice that CME says illustrates the agency’s approach. In that notice, the CFTC approved a Bitcoin spot-linked perpetual futures contract structure for Kalshi, a platform that operates in prediction markets, and it also issued a no-action position for comparable products associated with Coinbase.

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CME is effectively challenging the logic behind those approvals: if the products are treated in a way that CME believes blurs the futures-versus-swaps distinction, CME argues it undermines the regulatory boundaries that Congress set.

For market participants and venues, the case matters because perpetual products are widely used in crypto markets, and regulatory classification can affect compliance expectations, oversight, and competitive dynamics among exchanges and liquidity providers. CME’s complaint signals that at least some major market infrastructure operators believe there are unresolved legal questions about how these instruments should be regulated in the US.

CFTC’s chair response and the question of authority

CME’s legal action follows closely behind public statements from both sides. One day before the lawsuit filing, CME CEO Terrence Duffy said the exchange operator would sue the CFTC over perpetual futures. In an earlier CNBC interview, Selig described perpetual futures contracts as trading similarly to other derivatives and argued that the Commodity Exchange Act does not define the term “futures contract.”

In response to the filing, a CFTC spokesperson told Cointelegraph that CME was engaging in “lawfare” and framed the suit as part of broader disputes over crypto policy. The spokesperson called CME’s complaint “frivolous.”

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The clash highlights an enduring regulatory tension: whether perpetual crypto products should be treated as futures within the CFTC’s established framework, or whether they align more closely with a swaps regime that carries different requirements. CME’s filing also adds a governance dimension—its claim that Selig acted outside a full commissioner process—raising questions about how decisions should be authorized under the CFTC’s internal structure.

Leadership backdrop at the CFTC

The lawsuit lands in a period of leadership uncertainty at the agency. Selig was confirmed by the US Senate in December 2025 and, as of Thursday, remained the chair and the only commissioner on the CFTC. The CFTC’s intended leadership panel is supposed to include five people, but as of Thursday, President Donald Trump had not announced nominations to fill those seats.

Cointelegraph previously reported that many members of Congress had urged the administration to nominate commissioners for the remaining roles. This governance context is relevant to CME’s procedural argument that unilateral action should not be treated as sufficient for decisions that shape derivatives regulation.

At the same time, CME’s dispute does not only concern whether perpetual futures are substantively comparable to other derivatives; it also challenges whether the regulator’s power has been exercised in a manner consistent with the agency’s legal and administrative expectations.

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What to watch next is how the court handles CME’s request to vacate the CFTC’s actions and what standard it applies to the classification and authority questions. The case could influence how perpetual crypto derivatives are structured and approved in the US, but until rulings arrive, the regulatory status of future perpetual contracts may remain contested for venues, traders, and counterparties.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Hoskinson Has a Plan to Save Cardano, But ADA Holders aren’t Buying It

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Hoskinson Has a Plan to Save Cardano, But ADA Holders aren’t Buying It

Charles Hoskinson has returned with a plan to repair Cardano’s stalled governance system. The market is still unconvinced, as ADA price remains near $0.16, down 35% in a month. 

The Cardano founder spent three videos in mid-June arguing that the network needs a new decision-making structure, a moderated Discord, and a voting bloc with enough power to pressure funding applicants into public accountability.

ADA holders have answered with the chart. The token remains near five-year lows after a steep monthly decline, even as Hoskinson says Cardano is approaching a decisive moment.

Cardano’s Governance Crisis Comes With a Price Tag

The backdrop is ugly. ADA has fallen roughly 32% over the past 30 days, while Cardano’s market value has slipped to about $6.3 billion.

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The decline has arrived alongside deeper ecosystem stress. Analytics platform TapTools is winding down. Other Cardano builders have also stepped back. DRep fatigue has spread as governance votes become more contentious.

Hoskinson says the system has hit a bottleneck. By his count, Cardano faces more than 600 million ADA in funding requests against a 350 million ADA net change limit, with no agreed strategy to decide what should come first.

The failed treasury vote for a 2026 Cardano summit added to the tension. Several Delegated Representatives have also stepped back from active governance, feeding the view that Cardano’s new political system is already straining.

Hoskinson Wants the Fight Off X

Hoskinson says that Cardano’s governance problem starts with the venue.

He described X as a “broadcast channel” built for spectacle, where conflict gets rewarded, and serious compromise gets buried. In his view, that structure makes long-term decision-making almost impossible.

He used a blunt image to explain the problem.

“Would you go to a library where every day the people show up with pots and pans?”

His answer is a moderated Discord for governance discussion, modeled on Midnight’s community server. He says that space grew to about 49,000 members after bad-faith actors were removed.

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The proposed Cardano version would use zero-knowledge technology so members can speak and vote without public attribution. Hoskinson says that would protect early ideas from harassment and retaliation.

A Voting Bloc With Teeth

The sharper part of the plan is political.

Hoskinson says he will register as a DRep and form what he calls a political party. Its rule would be direct.

“We will automatically vote no on all funding proposals unless they join and participate in the governance Discord.”

He frames the move as an accountability tool rather than a takeover. Anyone holding ADA could join, he says, and all final decisions would still require on-chain votes.

He also wants a new version of the Cardano constitution with clearer executive roles, elected authority, and defined growth targets. Without an agreed definition of growth, he argues, every budget fight will collapse into competing interpretations of success.

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The commercial push is running in parallel. Hoskinson has pointed to RealFi, Bitcoin-focused work through Pogan, Blockfrost infrastructure, Midnight, Midgard, and the Leios scaling upgrade as proof that Cardano still has a growth path.

Leios is expected to reach testnet on June 23.

ADA Holders are Waiting for Proof

For now, the market is not treating the plan as a turning point.

ADA broke below support near $0.23 on June 2 and fell toward $0.157 by June 6, a level last seen in 2020. The heaviest volume came during the selloff, suggesting capitulation rather than orderly rotation.

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The videos landed during a weak bounce. ADA briefly recovered toward $0.18, then slipped back near $0.17. It remains far below the $0.23 level that now acts as resistance.

Hoskinson says he does care about the token.

“Of course, I care about the price of ADA. The price of ADA is directly connected to the security and the utility of Cardano.”

His larger warning was even clearer.

“Cardano has to do or die.”

That line may capture the mood better than the plan itself. Hoskinson is asking the community to rebuild governance before the market loses patience. ADA holders appear to be waiting for evidence that the system can still produce growth.

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The post Hoskinson Has a Plan to Save Cardano, But ADA Holders aren’t Buying It appeared first on BeInCrypto.

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FinHarbor Launches Money Flow, a Payment Orchestration Module for Finance Teams

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[PRESS RELEASE – Nicosia, Cyprus, June 18th, 2026]

The new engine lets businesses configure and modify crypto, fiat, and crypto-to-fiat payment processes in days instead of weeks, with built-in compliance reporting for every transaction.

FinHarbor, a provider of modular banking and crypto-acquiring infrastructure, has announced the launch of Money Flow, a payment orchestration module that manages the full lifecycle of every transaction on the platform – deposits, withdrawals, transfers, and exchanges across both fiat and crypto rails.

At the core of Money Flow is a set of orchestrators built on Temporal, a workflow engine designed for long-running distributed processes. Each payment operation runs as a stateful process that passes through AML screening, ledger accounting, and final execution in a bank or on a blockchain. If a service restarts mid-operation or an external counterparty takes days to respond, the workflow retains its state and resumes exactly where it stopped. When a response never arrives within the configured window, the system triggers a compensating action or escalates the case to support – funds do not sit in limbo.

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The module changes how quickly payment logic can be adjusted. Modifications to an existing process that previously took about a week now ship in roughly a day, and a new process built on existing integrations can go live within days. All flow logic lives in a single service and follows a self-documenting code approach, so developers no longer need to study every subsystem to understand how a given operation works.

The design also shortens the distance between finance leadership and engineering. A CFO can describe a payment process in business terms, and developers translate it into code using a domain-specific language that remains readable to non-technical stakeholders. The result is that finance teams gain direct visibility into how money actually moves through the platform, rather than relying on second-hand descriptions of the logic.

“Payment infrastructure has traditionally been a black box for the people who are ultimately accountable for the money inside it,” said Ilya Podoynitsyn, CEO of FinHarbor. “With Money Flow, a finance director can read the logic of a withdrawal or an exchange almost like a business document, request a change, and see it in production within a day. That changes the conversation between the finance function and engineering.”

Compliance is handled as a dedicated layer within each workflow. AML rules are configured through a visual constructor by compliance officers themselves or by support staff acting on their instructions, depending on team structure. For every payment, the system generates a report that can be provided to a regulator or to the company’s anti-money-laundering officer, giving licensed businesses a documented audit trail across crypto-to-fiat operations.

Money Flow currently supports bank transfer and crypto withdrawals, payouts, pay-ins, exchanges, crypto and wire deposits, internal transfers, and administrative operations, with the list of supported flows expanding as new integrations are added.

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“Most of the cost in payment systems comes from change, not from the original build,” Podoynitsyn added. “We designed Money Flow so that change becomes routine – retries, timeouts, and compensations are built into the engine, and teams spend their time on the logic of the business rather than on failure handling.”

The module is available to FinHarbor clients as part of the platform’s core infrastructure.

About FinHarbor

FinHarbor is a technical platform provider for launching compliant, modular financial products – from wallets and neobanks to crypto ramps and OTC desks. Built on years of real-world fintech experience, the platform covers onboarding, compliance, wallets, transactions, cards, and reporting, delivered with a microservice-based architecture (ISO/PCI DSS-certified), a robust API layer, and on-premise or cloud-ready deployment. FinHarbor supports fiat-only, crypto-native, and hybrid business models across markets in Europe, MENA, and beyond.

Users can learn more: www.finharbor.com

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This Platform is Turning the World Cup Into a Trading and Prediction Experience

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This Platform is Turning the World Cup Into a Trading and Prediction Experience

The FIFA World Cup is always one of the hottest events for betting, but prediction markets are making this scene more explosive this year. 

Who wins tonight? Who survives the group? Which favorite looks shaky? Which underdog has a real chance? While these are casual arguments for most football fans, crypto exchanges are turning them into monetizable user behavior. 

That is why the 2026 World Cup has become a month-long attention engine, filled with live results, emotional swings, and daily predictions. Zoomex is one of the exchanges trying to plug into that rhythm through match predictions, trading tasks, rewards, and World Cup ticket access.

The campaign is less interesting as a one-off promotion and more useful as a sign of where exchange marketing is heading. Crypto firms are moving closer to live sport because sport already does what platforms want users to do: return daily, take a side, react quickly, and argue about the next outcome.

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Every Fan Thinks They Can See the Future

The 2026 World Cup gives platforms a bigger stage than usual. It is the largest edition in tournament history, with 48 teams, three host countries, and 104 matches. That means more fixtures, more upsets, and more reasons for fans to check back every day.

Pew Research found that combined monthly trading volume on Kalshi and Polymarket rose from less than $5 billion in September 2025 to about $24 billion in April 2026.

Sports already drive much of that activity. Pew said sports accounted for 80% of Kalshi trading volume and 39% of Polymarket volume since July 2024. 

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So, football gives exchanges a simpler entry point than politics, macro data, or token prices. A match result is easy to understand. The uncertainty is the product.

Zoomex’s World Cup Prediction Campaign follows that logic. Users can predict match outcomes, group-stage results, knockout progress, finalists, and the eventual champion. The exchange is using football as a familiar doorway into prediction-style products.

The Prize Is the Match

Zoomex has also added a trading campaign built around volume-based tasks and rewards. Users can compete for USDT, vouchers, bonuses, and World Cup ticket packages. Some prizes include access to group-stage matches, semi-finals, and the final, depending on eligibility and campaign rules.

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The ticket rewards give the campaign its sharper hook. World Cup access has become expensive this year. Reuters reported that face-value tickets for the 2026 final range from $2,030 to $6,370, a sharp jump from the 2022 final in Qatar.

That makes match access more powerful than a routine bonus. For a trader who also follows football, a World Cup ticket carries emotional weight. It turns a platform campaign into a possible real-world memory.

These campaigns usually come with KYC checks, trading-volume targets, reward caps, eligibility rules, risk-control reviews, and “up to” prize pools. Those details decide whether users see the campaign as useful or as another glossy exchange promotion.

Crypto Wants the Group Chat

The social layer is part of the strategy. Zoomex plans X Spaces with former footballers including Djibril Cissé, Didi Hamann, David James, Javier Mascherano, and Fernando Llorente. The goal is to keep the campaign inside football conversation, not just within the trading dashboards.

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FIFA said the 2022 tournament generated 93.6 million social posts, with a cumulative reach of 262 billion and 5.95 billion engagements.

Crypto brands want a place inside that stream. They want the reply, the prediction, the share, and the return visit. During a World Cup, each match gives them a new reason to ask for one.

This is part of a longer sports push. Crypto companies spent heavily on sports sponsorships during the last bull cycle, using football, racing, and combat sports to reach people who did not spend their days on crypto Twitter. 

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The difference now is that campaigns are becoming more interactive. The brand no longer only wants visibility. It wants action.

The Hype Has Rules

The risk is that sports-themed campaigns can blur into aggressive user acquisition if the rules are unclear. Regulators are already watching crypto and trading links in sport more closely. The UK FCA recently warned football clubs about legal, money laundering, and reputational risks tied to unauthorised crypto and trading sponsors.

That does not make every campaign suspicious. It does mean execution is more critical than ever.

Zoomex has a timely idea because football predictions feel natural during the World Cup. The campaign will stand or fall on simpler questions. Are the rules clear? Are rewards distributed fairly? Does the prediction product work well? Does the football content feel real?

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Overall, the bigger shift in the integration of crypto and sports events is already visible. The World Cup has become a live testing ground for crypto exchanges that want users to behave less like passive account holders and more like daily participants.

The post This Platform is Turning the World Cup Into a Trading and Prediction Experience appeared first on BeInCrypto.

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