Crypto World
Deploi Enables Private Credit Issuance on Polygon with Nasdaq CSD ISINs
Deploi, the Nordic-led platform building the infrastructure for digital private credit, unveiled a direct issuance framework on Polygon, following ISIN allocations from Nasdaq CSD for its inaugural UK Consumer Credit Notes. The first issuance, Series 2026/CON/001, enables regulated digital debt issuance with individual notes up to EUR 5 million. This placement is a cornerstone of Deploi’s plan for a EUR 1 billion note programme in 2026, with potential capacity to scale to as much as EUR 5 billion once its global issuance infrastructure is completed by the end of Q3 2026. Assetera has already lined up roughly EUR 100 million in additional issuance over the next six months, underscoring early institutional demand for regulated, blockchain-native private credit products.
Deploi’s mission is to modernize the private credit market by moving away from slow, manual fund structures toward programmable issuance, settlement, servicing, and risk management rails that are purpose-built for today’s institutional investors. In remarks accompanying the launch, founder Oskars Jepsis framed the effort as a long-overdue modernization of a market that has historically suffered from fragmentation and opacity.
The legacy private credit model is operationally outdated. Investors and lending partners increasingly expect faster execution, greater transparency, and more flexible access to credit opportunities. Deploi is building the infrastructure to replace fragmented, manual processes with scalable digital issuance and settlement rails purpose-built for modern private credit markets.
Deploi’s issuance and registry infrastructure is anchored on EVM-enabled chains, with Polygon serving as the initial settlement layer ahead of planned expansion to Canton Network infrastructure. Notes are issued and settled through Assetera, the EU-regulated DLT trading platform licensed under MiFID II, enabling compliant access for European investors.
Private credit has long been inaccessible to most European investors due to structural barriers — high minimums, opacity, and illiquidity. By providing the regulated infrastructure for Deploi’s instruments, Assetera removes those barriers while maintaining full MiFID II compliance. This partnership demonstrates precisely what regulated DLT infrastructure makes possible: institutional-grade yield products, compliantly distributed at scale across Europe.
Private credit is a massive market, but it still runs on outdated infrastructure. What Deploi is doing with direct issuance and bringing this onchain with Polygon is a clear step toward making these markets more efficient, transparent, and easier to access for institutional participants.
Key takeaways
- Direct issuance on Polygon: Series 2026/CON/001 marks the first regulated digital debt issuance for Deploi, with notes up to EUR 5 million and a broader EUR 1 billion programme planned for 2026, potentially expanding to EUR 5 billion after the infrastructure is completed by the end of Q3 2026.
- Regulated, EU-facing infrastructure: Assetera acts as Deploi’s licensed trading and settlement venue under MiFID II, while the on-chain registry is anchored to Polygon. Canton Network is planned for future connectivity.
- Early demand and pipeline: Assetera has EUR 100 million in additional issuance lined up over the next six months, reflecting institutional appetite for regulated, blockchain-native private credit.
- Investor access and yields: Target yields are expected to range from roughly 6% to 18%, depending on the underlying asset structure, with buy-side engagement from digital-asset and yield-focused institutions.
- Operational modernization: The project aims to replace fragmented, manual processes with scalable, programmable issuance and settlement rails, offering greater transparency and speed for private credit markets.
Operational backbone and where it fits in the market
Deploi’s framework positions itself at the intersection of private credit origination and regulated digital infrastructure. By combining on-chain issuance, a regulated trading venue, and a robust registry, the company seeks to address long-standing frictions in private credit — notably high minimums, limited transparency, and illiquidity for European investors. The first live product targets UK consumer credit, with notes issued in tranches of up to EUR 5 million. This modular approach enables a staged roll-out across additional asset classes as the global issuance backbone becomes fully operational.
Infrastructure and settlement: a regulated, cross-border path
Anchoring the system on Polygon provides the initial settlement layer, while Canton Network is slated as a later expansion to enable broader interoperability across private markets. Assetera’s role as a MiFID II-compliant trading and settlement venue ensures that institutional and European buyers can access these digital instruments within a familiar regulatory framework. The integration promises faster settlement cycles, improved transparency, and auditable on-chain records that are still legally enforceable in regulated markets.
What the market is watching next
Investors will be watching two intertwined developments: first, the pace at which Deploi scales its 2026 EUR 1 billion programme and whether the infrastructure can handle larger, multi-asset private-credit issuance; second, the breadth of adoption among European institutions as regulatory-compliant, blockchain-native products become more commonplace. The EUR 100 million pipeline with Assetera is an early signal, but the true test will be expansion beyond UK consumer credit and into diverse private-credit asset classes while maintaining MiFID II compliance and enforceability across jurisdictions.
Roadmap and near-term milestones
Deploi signaled that its global issuance infrastructure is targeted for completion by the end of Q3 2026, a milestone that would unlock greater issuance capacity and enable broader cross-border distribution. As the platform scales, industry observers will look for progress on expanding settlement rails to Canton Network, deeper integration with EU-regulated trading venues, and continued engagement with institutional buyers seeking regulated, yield-generating private-credit opportunities.
Deploi describes its mission as delivering a more efficient, transparent, and scalable debt capital market for private credit. If the early traction sustains, the combination of regulated access, on-chain settlement, and a scalable issuance framework could recalibrate how institutional players access private-credit yield in Europe and beyond.
Readers should watch for updates on additional issuances, shifts in yield mechanics as assets vary, and broader regulatory developments that could influence the pace and scope of adoption for blockchain-native private credit infrastructure.
Fed Chair Kevin Warsh held rates steady in his debut FOMC meeting but delivered a sharply hawkish surprise, with nine of 18 participants projecting a 2026 rate hike and the statement stripping out its easing bias.
The Federal Reserve left the federal funds rate unchanged at 3.50%-3.75% on June 17, 2026 — the fourth consecutive hold, fully priced by markets.
Statement Shifts to Neutral
The FOMC removed previous references to “additional rate adjustments,” adopting a purely data-dependent neutral stance.
This marks a clear policy pivot amid persistent inflation hovering around 4.2% YoY.
Nine of 18 FOMC participants now pencil in at least one rate hike for 2026, a dramatic shift from prior projections that leaned toward cuts or extended holds.
This validates warnings from Citadel Securities about rising September hike risks fueled by strong wages, resilient demand, supply strains, and AI-driven investment.
Warsh’s Debut Under Scrutiny
In his first press conference, Warsh leaned into his preference for a “quieter” Fed with reduced forward guidance.
Fidelity managers had warned of potential bond market volatility from tone uncertainty, early reactions showed higher Treasury yields and USD gains.
The outcome challenges dovish expectations tied to Warsh’s appointment and highlights a vigilant committee focused on inflation control.
Market Impact: Stocks and Bonds Sell Off
Wall Street turned lower after the decision as investors digested the more hawkish tone.
The S&P 500 fell 0.6%, the Nasdaq Composite dropped 0.7%, and the Dow Jones Industrial Average lost 160 points (0.3%) by mid-afternoon.
Treasury yields climbed on the news. The 2-year yield rose nearly 11 basis points to 4.153%, while the 10-year yield increased 4 basis points to 4.469%.
The outcome highlights ongoing division risks at the Fed amid the Iran-related energy shock, which is driving both higher inflation and growth uncertainty.
The post Warsh Hawkish Shock: 9 Fed Officials Signal 2026 Rate Hike appeared first on BeInCrypto.
Citadel Securities has warned that the Federal Reserve may need to resume monetary tightening later this year as inflation pressures remain elevated across the U.S. economy. The firm’s latest outlook suggests that Fed rate hikes could begin as early as September 2026 if inflation continues to exceed policymakers’ targets.
The forecast comes ahead of the Federal Open Market Committee meeting on June 17. Market participants widely expect officials to leave interest rates unchanged. However, Citadel believes investors should focus on future policy signals rather than the immediate decision.
Source: FedWatch
Persistent Inflation Raises Policy Concerns
Citadel’s Head of Macro Strategy, Frank Flight, stated that inflation risks continue to build despite lower energy prices. According to the firm’s analysis, inflation has spread into broader sectors of the economy rather than remaining concentrated in commodities.
Flight wrote that the economy faces the risk of entering a “hysteretic equilibrium,” where temporary shocks create lasting inflationary effects. Citadel identified strong labor markets, accommodative financial conditions, and supply-chain disruptions as major factors supporting price growth.
Recent economic indicators support those concerns. Headline Consumer Price Index inflation reached 4.2% in May, while Producer Price Index inflation climbed to 6.5%. Citadel also noted that a larger share of core CPI components now records annual increases above 3%, suggesting inflation remains widespread.
AI Investment Boom Adds New Demand Pressure
Citadel also highlighted the growing impact of artificial intelligence spending on the economy. The firm estimates AI-related capital expenditures could reach approximately $750 billion in 2026 before rising to $1.25 trillion in 2027.
Large investments by companies such as OpenAI, Anthropic, and SpaceX continue to increase demand for infrastructure, computing resources, and skilled labor. As a result, AI development may contribute additional inflationary pressure during the coming years.
Against this backdrop, Citadel expects Federal Reserve officials to maintain a hawkish stance. Flight stated, “We think the risks skew to a rate hike at the September meeting.” The firm also expects policymakers to remove any remaining easing bias from future projections.
Markets Increase Bets On Fed Rate Hikes
Citadel’s forecast aligns with shifting market expectations. Kalshi prediction market data currently assigns a 60% probability that the Federal Reserve will raise interest rates before July 2027. Expectations for tightening have increased steadily in recent months.
Source: Kalshi
Meanwhile, a recent Bank of America fund manager survey found that nearly 40% of respondents expect at least one rate increase within the next year. That figure stood at just 16% one month earlier.
BNP Paribas has also revised its outlook. The bank now expects three Fed rate hikes beginning in December, citing persistent inflation and continued labor market strength.
Citadel projects potential rate increases in September and December 2026, followed by another move in March 2027. The firm warned that higher borrowing costs and tighter liquidity conditions could create challenges for risk assets, including Bitcoin and the broader cryptocurrency market, if investors increasingly price in future Fed rate hikes.
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HYPE – the native token of the decentralized crypto exchange Hyperliquid – has been on a tear lately, hitting a new all-time high even as most digital assets continue to struggle in the prolonged bear market.
It recently surpassed Dogecoin (DOGE) to become the 10th-biggest cryptocurrency, so we decided to ask three of the most popular AI-powered chatbots whether flipping Ripple’s XRP is also plausible sometime this year. Here are their answers.
Low Probability
Earlier this week, HYPE’s price soared to a historic peak of around $77, while its market cap pumped to approximately $16 billion. Despite the substantial increase, it remains far below XRP, whose capitalization currently stands at around $74 billion.
Given the huge gap, ChatGPT described the scenario in which HYPE surpasses its rival as a low probability. At the same time, OpenAI’s platform outlined several catalysts that could help the asset explode to such levels. Some of those include the rising popularity of Hyperliquid and its future expansion to the point where it becomes a Binance competitor, and backing from prominent industry figures.
Recall that Arthur Hayes (co-founder of BitMEX) was heavily invested in the token, yet he recently sold all his positions. Shortly after, the blockchain-tracking platform Lookonchain suggested he might have spent over $2 million to buy back nearly 34,000 HYPE. However, Hayes rejected the claim.
According to ChatGPT, another factor that may have a positive influence is the institutional interest in the coin. Data show that inflows into spot HYPE ETFs have exceeded outflows recently, with cumulative net inflows of approximately $180 million. Still, this figure is far below the $1.44 billion that exchange-traded funds with XRP as the underlying token have attracted since their launch in late 2025.
Perplexity shared a similar theory, saying that such a rise by HYPE is only possible in “a narrow sense.” It noted that, in addition to its market-cap lead, XRP has a vast and devoted community, which could make a potential flip even harder.
“In 2026, HYPE can plausibly flip XRP on price momentum, narrative strength, or even short-term market cap at times, but XRP has a much larger base to overtake, so a full sustained flip is less likely without a major rotation in capital,” it added.
‘A Massive Uphill Battle’
Google’s Gemini was even less optimistic, claiming that the biggest hurdle for HYPE isn’t its utility but pure math. It praised XRP for being “a highly liquid, large-cap legacy asset,” whose market cap hovers in the tens of billions of dollars even during market corrections, “sustained by deep institutional plumbing and international remittance use cases.”
“For HYPE to flip XRP, it would need to see an astronomical influx of capital, multi-billion-dollar daily trading volumes, and massive speculative retail FOMO – all while XRP would have to severely stagnate or decline,” it concluded.
The post Can Hyperliquid (HYPE) Flip Ripple (XRP) in 2026? 3 AIs Weigh in appeared first on CryptoPotato.
The Bitcoin price moved past the $66,000 threshold on Wednesday as US President Trump explained the Iran deal in his press address at G7 Summit.
Meanwhile, the oil price slid lower as Trump’s remarks shed more light on the US-Iran deal ahead of the formal signing in Switzerland.
Trump Addresses Iran Deal In G7 Summit Press
President Trump delivered a high-stakes update on the U.S.-Iran Memorandum of Understanding during the G7 summit press conference on June 17, 2026, driving immediate market moves across risk assets.
Trump confirmed the framework includes a ceasefire, full reopening of the Strait of Hormuz, limited sanctions relief, and Iran’s pledge against nuclear weapons.
A formal signing is expected soon in Switzerland.
“If Iran doesn’t honor the agreement, back to bombing them,” Trump stated bluntly. He added that some understandings remain unwritten and praised the impact of recent U.S. strikes: “Amazing what bombs can do.”
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President Trump also highlighted market surges tied to Iran peace signals during the G7 summit press conference.
“Every time we talked about possibility of peace, market shot up like a rocket ship,” Trump declared. “Never really went down. The stock market is more brilliant than anybody.”
He linked these rallies to the U.S.-Iran MOU, which includes a ceasefire, Strait of Hormuz reopening, and limited sanctions relief, while warning of renewed strikes if Iran fails to comply.
The “peace through strength” narrative, backed by explicit military leverage, has reduced short-term volatility premiums.
The post Trump G7 Summit Press Pumps Bitcoin as Oil Crashes appeared first on BeInCrypto.
Two US lawmakers on opposite sides of the political aisle are backing a resolution that “under no circumstances should Samuel [SBF] Bankman-Fried receive executive clemency, including a pardon or commutation.”
In a resolution to be introduced Wednesday, Republican Senator Cynthia Lummis and Democratic Senator Rubén Gallego warned that should US President Donald Trump grant SBF’s request for a pardon, it would “erase [his] conviction […] weaken deterrence, and send a deeply damaging message that perpetrators of large-scale financial fraud can escape permanent accountability.” The resolution would be non-binding, as a US president’s pardon power is enshrined in the Constitution.
“[The US Senate] affirms that the 25-year sentence imposed upon Bankman-Fried reflects the extraordinary scale and deliberateness of his crimes, his lack of remorse, and the catastrophic harm inflicted upon millions of victims, and that such a sentence serves the interests of justice,” read the resolution.
Source: Senator Rubén Gallego
The resolution came after Bankman-Fried formally applied for a pardon from Trump of his conviction on seven felony counts related to the misuse of FTX user funds. Last week, a federal appeals court upheld that conviction and sentence, leaving his only legal path forward a presidential pardon or an appeal to the US Supreme Court.
Bankman-Fried was convicted in November 2023 following the collapse of cryptocurrency exchange FTX a year earlier, which resulted in investor losses totaling billions of dollars. He was later sentenced to 25 years in prison.
Related: Onchain, in court: What happened in crypto legal news this week
Following his sentencing in March 2024, the former CEO posted several messages to social media aligning with Trump’s political agenda, including US military actions in Venezuela and Iran. However, in a January interview with the New York Times, the president said he had no plans to pardon Bankman-Fried.
Source: Sam Bankman-Fried
Cointelegraph sought comment from Gallego’s office but did not receive an immediate response. A spokesperson for Lummis said that the senator “wants him to know that her and her colleagues think Mr. Fried is right where he belongs” by introducing the resolution.
Other FTX figures still serving time
Although some of the former executives of the defunct cryptocurrency exchange were sentenced to time served in exchange for their cooperation and testimony at SBF’s trial, one is still in federal prison, and another was released earlier this year.
Caroline Ellison, the former CEO of Alameda Research, received a two-year sentence in 2024 and was given an early release in January after 14 months. FTX former engineering director Nishad Singh and co-founder Gary Wang were both sentenced to time served. All testified against SBF at trial.
Ryan Salame, the co-CEO of FTX Digital Markets, was sentenced to 90 months in prison related to unlawful political contributions and conspiracy to operate an unlicensed money-transmitting business. His wife, Michelle Bond — though not an FTX employee — was recently indicted on charges related to her 2022 run for Congress allegedly financed with illegal campaign contributions from the crypto exchange.
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Grayscale Research has named five decentralized finance tokens it believes offer real value as crypto markets reward revenue and cash flow over speculation.
The asset manager flagged Hyperliquid (HYPE), Aave (AAVE), Uniswap (UNI), Sky (SKY), and Maple (MAPLE) in a research report published June 16. Each shows strong relative value based on fundamentals.
Why Grayscale Sees Value in DeFi
Crypto markets have fallen since January. Grayscale argues in its report that investors can now value many tokens like financial assets rather than commodities.
The firm sorts tokens on a spectrum. Bitcoin trades like a commodity, while protocols with recurring revenue resemble cash flow businesses.
Since 2023, DeFi protocols have generated nearly $25 billion in cumulative fees from real users. That activity has driven rising on-chain fee revenue across exchanges, lending, staking, and derivatives.
Price multiples across DeFi lending have also compressed. Grayscale reads that as maturing business models now trading at attractive valuations.
Revenue Now Drives Token Value
Protocol revenue alone does not set token value. Grayscale says burns, buybacks, rebates, and staking decide how much reaches holders.
By that test, Uniswap and Hyperliquid stand out. The report says both return almost all earnings to holders through transparent DeFi payout models.
Hyperliquid routes trading fees straight into buying and burning HYPE. That model helped lift it into the top 10 by market cap this year.
Aave sits alongside them as the largest DeFi lender, after Grayscale called the AAVE token undervalued near $75.
How the Tokens Stack Up
HYPE trades near $72, ranking as the 10th-largest crypto and well ahead of its peers over the past year.
UNI sits around $3.30 after a 9% daily gain, with its value tied to fee distributions back to holders.
SKY trades near $0.06, where Grayscale says its onchain collateral-backed stablecoin keeps finding product-market fit.
Maple rounds out the list through institutional lending, which the firm says has delivered strong risk-adjusted returns.
“…crypto is repricing from narrative → fundamentals Protocols with real revenue, disciplined capital allocation, and transparent token economics are outperforming Grayscale flags HYPE, AAVE, UNI, SKY, and MAPLE as showing strong relative value on this basis,” Grayscale stated.
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The throughline is a market repricing from narrative to fundamentals.
Grayscale says protocols that turn real revenue into token value are pulling ahead.
The post Grayscale Names 5 DeFi Altcoins With Real Utility appeared first on BeInCrypto.
Ethereum's Glamsterdam hard fork reached its final devnet stage Tuesday, locking in the EIP bundle that core developers expect to carry the network through public testnets and on to mainnet activation in the second half of 2026. The release is being framed as the largest protocol change since the… Read the full story at The Defiant
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