Ethereum layer-2 blockchain Taiko reopened its bridge and restored full operations after a June exploit drained up to $1.7 million. 

On Thursday, Taiko announced that users could once again move funds to and from the network after completing the final stage of its four-step recovery plan. The project said it had made all affected users whole and that any remaining withdrawal limits are temporary safeguards that do not affect normal usage. 

The reopening ends an 11-day disruption following the implementation of security fixes and the restoration of the bridge’s 1:1 backing.

The exploit occurred on June 21 after an attacker compromised Taiko’s chain-state verification mechanism, allowing forged proofs to be accepted and enabling unauthorized withdrawals from its Ethereum vault. Blockchain security companies said that up to $1.7 million in crypto assets were taken. 

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Taiko’s seven-day token chart. Source: CoinGecko

Its token, TAIKO, briefly surged to about $0.35 following the bridge reopening, before retreating to roughly $0.14.

Taiko restores bridge backing before reopening

Taiko outlined its recovery plan on Sunday, saying it would bring the network back through four stages. The project said it had deployed fixes and verified that the chain’s finalized state contained no forged checkpoints or attacker claims that could still be executed. 

According to Taiko, the changes were submitted through its security council and reviewed by independent security experts. The network then replenished the bridge to ensure that assets issued on the network were backed 1:1 by assets held on Ethereum. 

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Related: DeFi TVL drops 39% in 2026 amid market downturn and record hack activity

Taiko also introduced conservative withdrawal quotas as an added precaution, saying the limits were not expected to prevent users from carrying out bridge transactions. However, it did not disclose the size of the quotas. 

Taiko has not disclosed how the bridge’s 1:1 backing was restored or whether any of the stolen assets were recovered. The project said it would publish a full postmortem detailing the incident and its response.

Magazine: Japanese pension fund tips 1% in crypto, G7 urges action on NK hackers: Asia Express

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Key Highlights

• PLTR shares jumped 8.8% on Wednesday, reaching $127.22 in its strongest four-day performance since early 2025
• A strategic collaboration with Nvidia to develop tailored AI solutions for government agencies drove the recovery
• The stock had plummeted 39% year-to-date and shed 25% in June following a seven-session decline
• Wolfe Research assigned a “Peer Perform” rating, acknowledging superior enterprise AI capabilities despite elevated valuation
• Projections indicate 39% revenue compound annual growth rate through 2029, with optimistic scenarios reaching 55%

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Palantir Technologies (PLTR) shares surged 8.8% during Wednesday’s trading session, closing at $127.22 and completing a four-day advance of approximately 19% since June 25. This marked a dramatic reversal for shares that had experienced sustained downward pressure.

Palantir Technologies Inc., PLTR

The turnaround stems from a strategic collaboration with Nvidia unveiled Monday. The alliance focuses on developing customized AI solutions specifically for U.S. government organizations, merging Nvidia’s artificial intelligence infrastructure with Palantir’s operational platforms.

The initiative aims to provide federal agencies with protected systems for developing and implementing AI models. Palantir describes the offering as an “intelligent engine.”

CEO Alex Karp outlined the strategy during a Wednesday appearance on CNBC’s Squawk Box. He emphasized that the collaboration centers on providing clients with “control over their compute, their models, their data stack and their alpha.”

Karp further noted that Palantir maintains “critical infrastructure” throughout the United States, Ukraine, and Israel. He highlighted that AI large language models deployed “on the battlefield” operate through Palantir’s Ontology framework.

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The Ontology infrastructure enhances AI model security and accuracy—representing a fundamental element of Palantir’s value proposition to government customers.

While this isn’t Palantir’s initial partnership with Nvidia, the announcement’s timing proved significant. It arrived precisely when PLTR had reached multi-month lows.

Understanding the Recent Downturn

Prior to this week’s recovery, Palantir had experienced significant headwinds. Shares had declined 39% during 2026 and tumbled 25% throughout June.

A consecutive seven-session losing streak from June 16 through June 25 drove the stock through several critical technical thresholds. The decline bottomed at $107.27 on June 25.

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The underlying concern fueling the selloff: potential for AI technology to supplant the software platforms supporting it. Guggenheim challenged this perspective Wednesday, elevating ServiceNow and Salesforce to Buy ratings while characterizing the “AI eliminates software” theory as a “hallucination.”

Palantir received additional support from financial disclosures revealing President Trump’s investment positions in various companies, including Palantir.

Analyst Perspectives

Wolfe Research initiated coverage of PLTR on June 16 with a Peer Perform designation. Analyst Alex Zukin characterized Palantir’s enterprise AI offerings as having “the best product market fit of any enterprise software company in the market today.”

Despite this favorable product assessment, the premium valuation prevented a Buy recommendation.

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Wolfe’s metrics deserve attention: 150% net revenue retention, 85% year-over-year revenue expansion, and a 97% annual increase in residual deal value backlog—all supported by roughly 1,000 clients and 4,000 personnel.

Wolfe’s baseline forecast projects 39% revenue compound annual growth from 2026 through 2029. An optimistic scenario elevates this figure to 55%, within a total addressable market exceeding $385 billion.

PLTR also announced an expanded commercial agreement with Surf Air Mobility this week, contributing additional positive momentum.

Following Wednesday’s close, Palantir’s market capitalization stood at approximately $279.7 billion. Typical daily trading volume averages around 45 million shares.

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The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for June on Thursday at 12:30 GMT.

With investors pricing in a hawkish Federal Reserve (Fed) policy outlook with the new Chairman Kevin Warsh at the helm, the underlying details of the employment report could influence the timing of a possible interest rate increase.

Payroll data is among the indicators that generally trigger a significant market reaction. Still, this time, with all eyes on the inflation front, only a dismal print could hurt the US Dollar in a meaningful way.

What to Expect From the Nonfarm Payrolls Report?

Investors expect NFP to rise by 110K following three consecutive months of surprisingly strong increases. The Unemployment Rate is seen holding steady at 4.3%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings (AHE), is projected to edge higher to 3.5% from 3.4% in May.

TD Securities analysts note that they expect NFP to rise at a softer pace than what markets expect.

“We expect June payrolls to moderate to 80k (55k private, 25k government) after strong early‑2026 gains. Job growth broadened beyond healthcare, led by trade/transport and leisure, but should cool this month. Local governments may stay firm on World Cup effects. We see the Unemployment Rate edging down to 4.2% as participation dips. AHE likely moderated to 0.2% m/m (3.5% y/y),” they add.

The Automatic Data Processing (ADP) reported on Wednesday that private sector employment in the US grew by 98K in June. This print followed the 122K increase recorded in May and came in below the market expectation of 113K.

Similarly, National Bank of Canada Senior Economist Jocelyn Paquet forecasts a 90K increase in NFP and explains:

“Based on the weekly data released by ADP and previously published ‘soft’ employment indicators, such as S&P Global’s flash composite PMI, job creation likely remained fairly robust during the month, although not as robust as what we had been accustomed to between February and May. Layoffs, for their part, may have increased slightly, judging by the rise in initial jobless claims recorded between the May and June survey periods. These two factors combined should, in our view, result in an increase of 90K in nonfarm payrolls.”

How Will the US May Nonfarm Payrolls Affect EUR/USD?

Although crude Oil prices came down to levels seen since pre-US-Iran conflict, investors remain concerned over global inflation remaining sticky, mainly due to heightened costs of consumer electronics via AI-driven hardware demand. 

As a result, the US Dollar (USD) has been outperforming its major rivals, supported by growing expectations for a tighter Fed policy.

Hammack Flags Broad Inflation, Keeps Rate Hike Option Alive

In an interview with CNBC on Tuesday, Cleveland Fed President Beth Hammack delivered a moderately hawkish message with the FXS Speechtracker score at 6.4/10.

This is slightly softer relative to the historical average of 7/10 but still signals a tightening bias. By stressing that the job market is “right around full employment” and that growth “looks good,” while warning that “inflation is still too high” and that rate hikes may need to be considered, the speech underscores a willingness to tighten policy despite concerns about the broader economy.

According to the CME FedWatch Tool, markets are currently pricing in about a 34% probability of the Fed raising the interest rate by 25 basis points (bps) as early as July, compared to a 6% chance seen in early June. Moreover, the probability of at least two rate increases by the end of 2026 now sits slightly above 40%.

Another positive surprise of 130K or higher in the headline NFP could feed into July rate hike projections and fuel another leg higher in the USD. In this scenario, EUR/USD could remain under bearish pressure and extend its downtrend in the near term.

On the other hand, a significantly disappointing print below 70K could trigger an upward correction in the pair. However, a steady bullish reversal is unlikely to materialize unless Fed policymakers shift their tone and put more emphasis on labor market conditions rather than the inflation outlook.

Given three consecutive months of very strong prints, however, a single NFP miss is likely to be overlooked, keeping any potential rebound in EUR/USD short-lived.

Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for EUR/USD:

“EUR/USD’s near-term technical outlook doesn’t point to oversold conditions and suggests that the bearish bias stays intact. The Relative Strength Index (RSI) indicator on the daily chart remains below 40 after recovering from oversold territory and the pair trades slightly above the lower arm of the Bollinger Band.”

“On the downside, 1.1320-1.1280 (lower arm of the Bollinger Band, static level) forms the first support ahead of 1.1160 (static level) and 1.1000 (psychological level, static level).”

“Looking north, a strong resistance area could be spotted at the 1.1485-1.1500 region (20-day Simple Moving Average (SMA), round level) before 1.1600 (round level, 50-day SMA) and 1.1650-1.1660 (200-day SMA, descending trend line, 100-day SMA).”

The post June Payrolls Forecast at 110K With Wage Growth Seen Ticking Higher appeared first on BeInCrypto.

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Crypto companies are entering public markets at a time when investors are asking harder questions about how these businesses actually make money.

A listed crypto company cannot rely only on adoption, user growth, or a strong brand. Public equity investors want to see revenue quality, margins, reserves, governance, client asset protection, and performance across weaker market cycles.

That shift is changing how the industry is judged. Exchanges, stablecoin issuers, miners, custody firms, data companies, and Bitcoin treasury businesses are all being measured against public-market expectations.

BeInCrypto spoke with Anton Efimenko, Co-Founder and Lead Expert at 8Blocks; Fernando Lillo Aranda, CMO at Zoomex; and Federico Variola, CEO of Phemex, about how IPOs and listings reshape expectations for crypto businesses.

A Listed Company Does Not Automatically Lift Its Token

Going public can give a crypto company more visibility. It can also make the business easier for traditional investors to track. But shareholders and token holders are often exposed to different economics.

Anton Efimenko, Co-Founder and Lead Expert at 8Blocks, said token holders should not assume an IPO will directly support token prices.

“Unfortunately, an IPO itself doesn’t really give anything to the crypto community. Many tokens are not tied to the issuer’s business. So even if the company goes public and reports strong annual profit, its token doesn’t have to increase in value. The token price won’t necessarily follow the stock price,” Efimenko said.

He added: “An IPO can bring visibility to the issuer, but it doesn’t guarantee profit for token holders.”

A listed share represents ownership in the company. A token may reflect access, governance, network activity, or market sentiment. Those links are often indirect.

This distinction is becoming more important as more crypto firms move toward public markets. Investors need to understand whether they are buying a company’s earnings power, a token’s utility, or broader exposure to crypto sentiment.

Institutional Access Still Depends on Risk Rules

Public listings can make crypto exposure easier for pension funds, banks, and asset managers. Some institutions cannot hold tokens directly, but they may be able to buy shares in a listed exchange, miner, stablecoin issuer, or custody company.

Efimenko said institutional access still depends on ratings and internal policy.

“Pension funds will be able to buy shares of crypto companies, but only if the rating of those shares matches the fund’s investment policy. For such large financial institutions, the asset’s rating matters a lot because they can’t afford to lose their depositors’ money,” he said.

Many institutions may still choose lower-yielding traditional assets over crypto-native returns if the risk profile is clearer.

“That’s why it’s easier for them to invest in US Treasuries at 3% annually than to stake USDT at 5.5%,” Efimenko said.

Tokenized Treasuries could create a middle ground. They may allow institutions to use digital asset systems while relying on the rating of the underlying government debt.

“But once Treasuries become tokenized assets, pension funds may be able to hold them on their balance sheets based on the rating of the underlying asset,” he said.

Exchanges and Stablecoin Issuers Have the Clearest Case

The experts were most confident about exchanges and stablecoin issuers as public-market businesses.

Fernando Lillo Aranda, CMO at Zoomex, said stablecoin companies have the strongest structural position because their revenue can become more recurring and less dependent on trading volumes.

“Stablecoin infrastructure is the strongest structural position. This model benefits from network effects, float economics, payments expansion, and increasingly becoming financial rails rather than pure crypto businesses. Revenue can become more recurring and less dependent on trading cycles,” Aranda said.

Stablecoin issuers can benefit from reserve income, payments growth, and wider institutional use. Their challenge is scrutiny around reserves, regulation, and concentration risk.

Exchanges also remain among the strongest crypto businesses when they execute well. They sit close to users, liquidity, and transaction activity.

“Exchanges offer the strongest cash generation (when executed well). Exchanges still monetize attention and liquidity better than most crypto businesses. The best ones evolve beyond trading into custody, cards, lending, staking, payments, launchpads, and brokerage layers. The challenge is cyclicality and fee compression,” Aranda said.

Federico Variola, CEO of Phemex, also placed exchanges and stablecoin issuers at the top of the public-market list.

“The strongest business models in public markets are, for sure, exchanges and possibly stablecoin issuers. Others will face certain constraints, whether because of their business model or because there is some seasonality in their revenue,” Variola said.

He added: “Exchanges and stablecoin companies tend to have a more stable baseline in terms of revenue and room for growth, especially exchanges.”

Exchanges still face pressure from market cycles, falling fees, regulation, and user trust. But compared with many crypto business models, their revenue engines are easier for public investors to understand.

The Less Visible Infrastructure Businesses May Age Better

Some of the strongest public-market crypto businesses may be less visible to retail investors.

Aranda pointed to custody, market services, analytics, data, and compliance providers as important long-term categories. These companies provide the operational layer institutions need before they allocate more capital to digital assets.

“Custody and market infrastructure offers a quiet but powerful category. Institutions entering digital assets need custody, reporting, settlement, compliance, and execution layers. This often behaves more like financial infrastructure than speculative crypto exposure,” Aranda said.

These firms may benefit from digital asset adoption without relying fully on token prices. Their revenue can come from enterprise contracts, reporting tools, surveillance systems, and compliance services.

Miners and Bitcoin Treasury Firms Face a Harsher Cycle Test

Miners and Bitcoin treasury companies can attract attention because they offer public-market exposure to Bitcoin. That can be useful for equity investors who want Bitcoin-linked upside without buying the asset directly.

The weakness is their exposure to market cycles.

Aranda said miners remain vulnerable to energy prices, hardware costs, and commodity-like economics.

“Miners. Public markets like the Bitcoin beta, but mining remains exposed to energy costs, hardware cycles, and commodity-like economics unless vertically integrated,” he said.

Bitcoin treasury companies face a different problem. They can raise capital around Bitcoin exposure, especially in bullish markets, but their operating value can become harder to defend over time.

“Bitcoin treasury companies. Very powerful for capital formation and attracting BTC exposure through equities, but harder to defend operationally. Over time they risk becoming viewed more as leveraged holding vehicles than operating businesses,” Aranda said.

Variola said treasury firms, miners, and other market-sensitive businesses are likely to face more pressure when crypto prices fall.

“I think treasury companies in particular are bound to suffer significant stress when the market turns bearish. The same can be said for miners and other firms that are more exposed to market volatility,” he said.

These companies may remain popular during strong Bitcoin cycles. Public investors, however, will keep asking whether they can create value beyond holding or producing Bitcoin.

Overall, the gist is that crypto’s public-market era will reward companies that can explain their business in financial terms. The firms that rely only on market excitement will face a harder audience.

The post How Public Listings Change Crypto Companies appeared first on BeInCrypto.

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OpenAI, the company behind ChatGPT, has reportedly discussed giving the US government a 5% equity stake as artificial intelligence oversight in Washington intensifies.

The company raised the idea in early discussions with the Trump administration as it seeks to navigate a tougher political environment ahead of a potential public listing, the Financial Times reported on Thursday, citing people familiar with the matter.

OpenAI CEO Sam Altman argued that giving the public a financial stake in the company would be the best way to share the economic benefits of the booming AI industry.

The report comes weeks after OpenAI announced it had confidentially submitted an S-1 for a US initial public offering, joining Anthropic in preparing for a Wall Street debut this year. It also comes as the US government takes a more active role in overseeing advanced AI models.

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Proposal extends to other AI companies

The proposal would see several leading US AI companies contribute a 5% equity stake to a public investment vehicle. However, it remains unclear whether companies such as Anthropic, Google and Meta would support the idea.

The Financial Times reported that Altman modeled the proposal on Alaska’s Permanent Fund, which invests the state’s oil revenue into stocks and pays dividends to residents. Under a similar approach, Americans could share in the economic gains generated by AI.

According to the report, Altman has been in talks with President Donald Trump, Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. He also reportedly spoke with Senator Bernie Sanders, who in June proposed a one-time 50% tax on the stock of the largest AI companies to create a nearly $7 trillion sovereign wealth fund for Americans.

Source: Vivek Sen

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Washington steps up AI oversight

The White House is preparing voluntary standards for frontier AI models following its intervention in the rollout of recent systems from OpenAI and Anthropic.

The guidance is expected to be announced as early as next week and would set security benchmarks, establish review timelines and clarify who can access the most advanced AI models in the US and abroad.

The Trump administration reportedly requested a staggered rollout of OpenAI’s GPT-5.6 and temporarily imposed export controls on Anthropic’s latest models over cybersecurity concerns before lifting the restrictions.

Related: Anthropic to bring back Fable 5 as US lifts export controls

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Cointelegraph reached out to OpenAI for comment on the reported discussions but had not received a response by the time of publication.

Magazine: The end of anonymity? AI could unmask crypto’s hidden identities

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FBI Director Kash Patel disclosed a purchase of between $100,001 and $250,000 in MicroStrategy stock roughly six months after the trade, breaching the STOCK Act reporting window.

According to NOTUS, Patel bought the shares on November 21, 2025, but only reported the transaction to federal regulators on May 26, 2026, stating he had “inadvertently omitted” it from an earlier filing.

Why Kash Patel’s MicroStrategy Trade Draws Scrutiny

The delayed filing has raised questions because it falls outside the STOCK Act’s reporting window. The STOCK Act, the Stop Trading on Congressional Knowledge Act, is a US federal law signed by former President Obama in April 2012. 

The law requires covered federal officials to disclose securities trades worth at least $1,000 within 45 days. First-time violators face a $200 fine, which the Justice Department has not imposed on Patel so far, according to NOTUS.

MicroStrategy, rebranded as Strategy, ranks as the largest corporate holder of Bitcoin (BTC). The firm also works as a contractor for the federal government and has done millions of dollars’ worth of business with the Justice Department, which oversees the FBI. 

Meanwhile, the bureau itself investigates cryptocurrency fraud, and Patel has publicly promoted its enforcement record, including a $15 billion Bitcoin seizure announced in October 2025.

The overlap raises questions about federal officials trading shares of companies tied to their agencies. However, late STOCK Act filings are not uncommon. According to NOTUS, more than 30 members of Congress submitted overdue disclosures over the past year.

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Ethics Officials and Watchdogs Split on the Violation

Deputy Assistant Attorney General William Taylor reviewed the amended filing, which attributed the delay to a “miscommunication.” In a May 28 letter, he said,

“I continue to believe that Director Patel is in compliance with applicable laws and regulations governing conflicts of interest.”

However, Dylan Hedtler-Gaudette of the Project on Government Oversight said the disclosure was “absolutely” late under the statute.

“That’s violating the law — no other way to put it,” he stated.

The trade has also proven costly. MicroStrategy stock has lost nearly 48% since Patel’s purchase date. In late June, BeInCrypto reported that MSTR dropped below $100 for the first time since March 2024, before the company announced a financial overhaul plan. 

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The post FBI Director Kash Patel Amends Disclosure to Add MicroStrategy Stock Purchase appeared first on BeInCrypto.

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Bitcoin (BTC) just recorded its worst month since June 2022, falling 20.48% amid contracting demand and a risk-off market environment. 

Yet three on-chain indicators point to deepening Bitcoin capitulation and early signs of seller exhaustion.

Santiment Says ETF Outflows Near Capitulation Levels

On-chain analytics firm Santiment reported that Bitcoin ETFs have logged $8.475 billion in total net outflows since May 6.

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However, the firm argued that fund flows work better as a sentiment gauge than a crash warning. Prices often move in the opposite direction of crowd expectations over time, the firm said.

“The bigger this streak of BTC outflows gets, the more we can reliably identify this stretch as frustration, fear, and retail capitulation rather than a fresh reason to panic,” the post read.

Santiment added that heavy redemptions suggest many weak hands have already left. Extended outflows would therefore strengthen the case that Bitcoin is approaching a “prime bottom zone.”

Underwater Supply Points to Investor Stress 

Glassnode data points in the same direction. The firm said roughly 10.83 million BTC now sit at a loss, against 9.22 million in profit. This marks one of the sharpest declines in profitability during the current cycle.

Historically, Glassnode noted, loss-making supply overtaking profitable supply has coincided with financial stress and widespread capitulation among newer participants. Meanwhile, long-term holders have returned to accumulation. 

Still, the firm cautioned that a final volatility spike driven by capitulation cannot be ruled out.

“The data suggests Bitcoin is transitioning from a distribution phase toward one of accumulation, but confirmation is still needed. While the foundations for a longer-term recovery are gradually taking shape, the market may first need to endure one final test of conviction before a sustainable uptrend can emerge,” Glassnode said.

Bitcoin Net Supply Ratio Hits a 2022 Bear Market Low

Analyst Darkfost highlighted a third signal from Bitcoin’s Net UTXO Supply Ratio.

“This ratio has now been negative for a week and just reached -0.075, corresponding to a buy signal. The last time this happened was at the end of 2022, right at the end of the bear market,” he wrote.

He clarified that the signal does not detect a bottom. Still, the analyst noted that a growing number of indicators have hit extreme levels. In his view, this points to Bitcoin “entering a genuine devaluation phase.”

“We now have several signals pointing to seller exhaustion. The next step is a renewal of demand, and that could take some time,” Darkfost added.

Nonetheless, caution remains warranted. BeInCrypto highlighted that Bitcoin’s Coinbase Premium turned negative in mid-January near $95,583. 

By February 24, BTC had crashed 33% to about $64,100. The current negative streak is longer. If the premium stays negative, the January precedent suggests downside risk persists.

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The post 3 On-Chain Signals Point to Deepening Bitcoin Capitulation appeared first on BeInCrypto.

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Metaplanet announced it had acquired 2,823 BTC after a three-month pause, completing its second-quarter accumulation under its ongoing Bitcoin Treasury Operations.

The company spent a total of 35.89 billion yen, or around $222 million, on the purchases after paying an average of over 12.7 million yen per coin. As a result, its total holdings increased from 40,177 BTC at the end of March to 43,000 BTC as of June 30.

Metaplanet’s Fresh Buy

According to the official announcement, the lower average purchase price for the quarter also reduced Metaplanet’s overall average acquisition cost from 15.51 million yen per unit to 15.3 million yen. Across its entire treasury, the company revealed investing 659 billion yen to acquire 43,000 BTC. The company also reported generating $10.95 million, or about 1.747 billion yen, in revenue from its Bitcoin Income Generation activities during the quarter.

After offsetting that revenue against its purchases, the effective acquisition cost fell to 34.14 billion yen, or about 12.093 million yen per unit.

The latest purchase moves the Tokyo-listed firm closer to its long-term Bitcoin goals, though it still has a significant distance to cover. The company has set a target of 100,000 BTC by the end of 2026, which requires it to add 57,000 more BTC in the remaining months of the year.

Stock Slumps, Expansion Continues

Despite expanding its treasury to 43,000 BTC, Metaplanet’s stock has remained under heavy pressure this year. The shares are down nearly 49% year-to-date.

Alongside its Bitcoin accumulation efforts, the company announced plans to acquire Japanese securities firm Siiibo Securities in a deal worth around $13 million. The move, which is expected to close in July, will result in the firm being rebranded as Metaplanet Securities.

CEO Simon Gerovich described the transaction as their first major acquisition and the first concrete step under Project Nova, its long-term initiative to build a Bitcoin-focused financial ecosystem in Japan.

The post Metaplanet Adds 2,823 Bitcoin, But Still Needs 57,000 BTC to Hit 2026 Target appeared first on CryptoPotato.

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