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Customers affected by FTX's collapse are monitoring SpaceX's post-IPO performance, hoping for increased recoveries from the bankruptcy proceedings. FTX's estate has distributed $10.3 billion to customers, with projections indicating potential surplus for creditors, including from FTX's investment in SpaceX via K5 Global.
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Standard Chartered analysts believe Ethereum's price does not reflect its network's increasing transactions or the value of assets in DeFi applications. They predict a price target of $4,000 by year-end and $40,000 by the end of the decade.
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Bitcoin's price is predicted to potentially drop below $70,000 before the end of May, with odds increasing on prediction market platforms like Myriad and Polymarket. The recent slide in Bitcoin's value has been influenced by significant crypto liquidations and ETF outflows.
Coindesk
Gemini, founded by the Winklevoss twins, introduced "Command Center," an AI-powered intelligence layer for its prediction markets platform. The feature integrates SpaceXAI models to provide real-time market summaries, sentiment analysis, and personalized signals based on users' activity.
Coindesk
Grayscale, a major crypto asset manager, has postponed its IPO plans due to market conditions, with a potential restart in the fourth quarter. The firm, known for its Bitcoin Trust ETF, filed for a U.S. IPO in November last year.
Coindesk
Bit Digital recently purchased 8,568 Ethereum for $20 million, now facing a $3 million loss as ETH prices dropped to around $1,980. CEO Sam Tabar justified the timing of the purchase, citing market conditions and long-term demand drivers for the network.
Coindesk
DeFi protocols are adapting for institutional investors, with VanEck's tokenized Treasury fund now available on Euler lending markets. Tokenized U.S. Treasuries are used as collateral, reflecting the shift towards regulated products in DeFi.
Coindesk
Three Samsung affiliates are set to acquire a 4% stake in Dunamu, the operator of South Korea's Upbit exchange, for $408 million. The deals, expected to be finalized on June 19, mark Kakao's sale of about $1.5 billion in Dunamu equity within a month.
Coindesk
CME Group has introduced 24/7 trading for Bitcoin futures and options on its Globex platform, eliminating the long-standing weekend gap. The maintenance pause from 10PM to 11PM UTC on Sundays may still cause brief volatility bursts.
www.koreaherald.com
Samsung Securities, Samsung SDS, and Samsung Card will collectively acquire a 4% stake in Dunamu, the operator of South Korea's largest cryptocurrency exchange, through an all-cash deal worth $446 million. The investment aims to capitalize on growth opportunities in the digital asset sector.
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The CFTC and Gemini filed a motion to undo a 2025 consent order, with the regulator stating it should not have been filed. The regulator admitted the original complaint was based on a whistleblower's account lacking credibility.