Fold Stock Falls as Bitcoin Rewards Credit Card Is Postponed

Swyftx is acquiring Caleb & Brown, the largest crypto deal in Australia and New Zealand. The acquisition will expand Swyftx's U.S. reach, targeting high-net-worth investors.

Hut 8, a Bitcoin mining firm linked to the Trump family, has expanded to Dubai, raising $220 million for Bitcoin and mining infrastructure. The company owns American Bitcoin, co-founded by Eric Trump, with plans to go public via a merger with Gryphon Digital Mining.

Federal prosecutors revealed that four North Korean nationals posed as remote developers to steal nearly $1 million in crypto from an Atlanta-based blockchain startup. The defendants operated in the UAE before infiltrating U.S. and Serbian crypto firms, using fake identification documents to launder stolen funds.

The Rex-Osprey Solana + Staking ETF will offer direct exposure to Solana with on-chain staking rewards, making it the first staked crypto ETF in the U.S. It will hold Solana through a Cayman Islands subsidiary to generate yield by staking at least half of the holdings.

The U.S. Supreme Court declined to re-examine the Fourth Amendment's application to digital financial data in the case of Harper v. Faulkender, disappointing crypto players like Coinbase. The court's decision not to hear the case leaves the third-party doctrine intact, impacting user privacy rights.

Lingerie Fighting Championships plans to acquire $2.23 million worth of Bitcoin over the next six months, inspired by GameStop's move to buy Bitcoin. The organization sees Bitcoin as a long-term investment due to its potential future value.

Circle, the USDC stablecoin issuer, is seeking approval from the OCC to launch a national trust bank named First National Digital Currency Bank, N.A. This move aims to comply with stablecoin legislation and strengthen USDC infrastructure under federal oversight.

Bitcoin's stability above $107,000 is influenced by upcoming macroeconomic data, Federal Reserve actions, and geopolitical signals. The crypto market faces a crucial moment as June ends, with oil prices dropping and the S&P 500 up 2% in 2025. Ethereum is climbing upwards, but Solana is outperforming the pack. Where do prices go next?

Robinhood's shares surged to an all-time high after introducing tokenized stock trading on its blockchain network for European customers. Users in Europe can now trade U.S.-listed stocks and ETFs on the Arbitrum scaling network as tokens, with plans to expand to their own blockchain.

Ric Edelman, a prominent financial advisor, suggests allocating up to 40% of clients' portfolios to digital assets, emphasizing the importance of crypto investments in today's financial landscape. He points to improved regulatory clarity and institutional involvement as reasons for his updated stance on crypto allocations.