Coinbase Will Launch Options Trading, Tokenized Stocks, and Borrowing Against Staked Solana

The UK's Financial Conduct Authority issued a warning about Hyperliquid and Hyper Foundation offering financial services without authorization. This warning has gained more attention recently, with concerns raised about the lack of regulation in the crypto perpetual futures market.

Helium network founder Nova Labs has lost its CEO, with Amir Haleem announcing his departure this week. The company faced controversies, including a lawsuit by the SEC over misleading statements. Despite the settlement, HNT continued to decline. Nova Labs sold off its Helium Mobile wireless service this week.

Pump.fun has launched GO, a bounty platform where users can post tasks and offer rewards for completion. Tasks range from tattooing a token's ticker on the forehead to skydiving into a World Cup match in a meme coin mascot costume.

Zcash experienced a significant drop in value after the disclosure of a "critical counterfeiting vulnerability" in the Orchard shielded pool, which potentially allowed undetectable counterfeiting for over four years. The bug was discovered by a security researcher on May 29 and has since been fixed.

Major U.S. banks, like JPMorgan and Bank of America, are collaborating to establish a shared tokenized deposit network by mid-2027. The system, operated by The Clearing House, aims to safeguard deposits from stablecoin threats by converting them into digital tokens for swift blockchain transfers.

U.S. spot Bitcoin ETFs saw a small net inflow of $3.05 million, breaking a 13-session redemption streak that drained over $4.4 billion since mid-May. Total Bitcoin ETF assets decreased to $80.40 billion from $104.29 billion at the streak's start.

Chainalysis reported a significant increase in cryptocurrency flows to peptide vendors, reaching over $100 million annually. The gray market for peptides has evolved from biohackers to a financial powerhouse, driven by the looksmaxxing trend.

Bernstein's research note highlights Bitcoin miners' role as crucial power providers for the AI industry, with companies like TeraWulf and Cipher Digital leading the charge. These miners have secured significant deals with tech giants, positioning themselves to address AI's power needs effectively.

Hyperliquid's HYPE token, a top performer in the crypto market, experienced a significant drop after Arthur Hayes, a prominent figure, sold his entire position. Despite the selloff, HYPE remains up more than 70% since mid-May, with growing caution about broader markets cited as the reason for the decision.

Through the joint efforts of major firms like Coinbase, SpaceX, Meta, and Apple, alongside law enforcement agencies, over $3.8 million in stolen crypto from Americans was frozen. The U.S. Department of Justice's initiative, "Disruption Week," aimed to combat cyber-enabled fraud and organized crime in Southeast Asia.