Author: James Wilson
TurboFlow has secured $6 million in seed funding from Pantera Capital, Susquehanna Crypto, and Digital Currency Group as the Hong Kong-based company expands its prediction markets and perpetual futures platform across Asia. Summary TurboFlow has raised $6 million in seed funding led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. The Hong Kong-based platform said it has attracted more than 15,000 beta users and processed over $19 billion in trading volume. TurboFlow plans to expand its prediction markets and perpetual futures business across Asia as institutional interest in event based trading continues to grow. TurboFlow announced…
The U.S. Senate passed the 21st Century ROAD to Housing Act in an 85-5 vote on June 22. Summary The Senate passed a housing bill carrying a temporary Fed CBDC ban through 2030 nationwide. The measure now heads to the House, where lawmakers may move quickly on approval soon. The ban follows Trump’s executive order opposing CBDCs while Europe and China push ahead globally. The bipartisan housing bill now moves to the House for final approval before it can reach President Donald Trump’s desk. The measure focuses on housing supply, permitting, mortgage access, and limits on large investors buying single-family…
Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital, adding new cryptocurrency investment strategies to its platform as the firm manages $1.78 trillion in assets worldwide. Summary Franklin Templeton has completed its acquisition of 250 Digital and launched a new crypto-focused division called Franklin Crypto. The asset manager continues expanding across crypto markets through Bitcoin-linked ETF filings and tokenized fund partnerships. RWA.xyz data shows Franklin Templeton’s tokenized assets have grown from $768 million to over $2.5 billion in a year. According to Franklin Templeton, the deal has resulted in the creation of a new division called Franklin…
Ethereum has added a new independent research organization backed by Joe Lubin, Bitmine, and Sharplink, bringing together five former Ethereum Foundation researchers. Summary Ethlabs launches with backing from Joe Lubin, Bitmine, Sharplink, and other Ethereum ecosystem contributors. Five former Ethereum Foundation researchers have joined the nonprofit to focus on core protocol research. The organization will study scaling, settlement, interoperability, and infrastructure for institutional adoption. According to an announcement from Ethlabs, the newly launched nonprofit research group has secured support from Bitmine, Sharplink, Anchorage, Octant, SNZ, and other Ethereum ecosystem participants. The organization did not disclose how much funding it has…
Strive has purchased 759 Bitcoin for roughly $50 million, recording its largest weekly acquisition in months and surpassing Strategy’s latest BTC purchase. Summary Strive bought 759 BTC for roughly $50 million, increasing its holdings to 19,864 Bitcoin. The weekly purchase exceeded Strategy’s 520 BTC acquisition, a rare lead over the largest corporate holder. Backed by its SATA preferred stock program, Strive continues expanding its Bitcoin treasury toward a planned $4.2 billion deployment. According to a June 22 Form 8-K filed with the U.S. Securities and Exchange Commission, the Dallas-based Bitcoin treasury company acquired the coins between June 15 and June…
President Donald Trump has signed two executive orders designed to accelerate U.S. quantum computing development and prepare federal agencies for the potential security risks posed by future quantum machines. Summary Trump signed two executive orders to accelerate U.S. quantum computing development and prepare agencies for future encryption risks. The orders direct intelligence officials to assess the impact of advanced quantum computers and the transition to post-quantum cryptography. Bitcoin, Ethereum, and Algorand communities are already exploring different strategies to protect blockchain networks from future quantum threats. According to the White House, Trump approved the measures on June 22 as part of…
Bitmine has purchased another 52,203 ETH worth about $90 million, bringing its holdings to 4.7% of Ethereum’s total supply. Summary Bitmine purchased 52,203 ETH worth about $90 million, lifting its holdings to 4.7% of Ethereum’s supply. Tom Lee said the company remains close to its 5% ETH ownership target despite challenging market conditions. Staked ETH has increased projected annualized revenue to $223 million, with potential rewards reaching $268 million. According to a company update released on Monday, Bitmine’s latest purchase increases its exposure to Ethereum despite continued weakness in the broader crypto market and repeated rejections at key price levels…
Fomo has raised $75 million in a Series B funding round that values the crypto trading platform at $550 million after attracting more than 625,000 users and generating $4 billion in trading volume within its first year. Summary Fomo raised $75 million in a Series B round led by Index Ventures, reaching a $550 million valuation. The social trading platform has attracted 625,000 users, processed $4 billion in volume, and generated 110 million interactions. The funding comes amid continued venture activity, with major raises also announced by Digital Asset Holdings and Neura Robotics. According to a June 22 announcement by…
Crypto-backed political groups have spent at least $7 million on key Democratic primary races as lawmakers continue negotiating the CLARITY Act ahead of an increasingly crowded congressional calendar. Summary Fairshake affiliates have spent about $7 million backing crypto-friendly candidates ahead of key Democratic primaries. Maryland candidate Adrian Boafo and New York Representative Ritchie Torres have emerged among the largest recipients of crypto PAC support. Meanwhile, lawmakers continue negotiating the CLARITY Act as industry groups push for progress before upcoming congressional recess deadlines. According to reports on recent campaign spending, crypto political action committees have increased their activity ahead of several…
XRP Ledger has deployed fixes for several software issues after a security review uncovered edge cases and bugs in the network’s core implementation. Summary XRP Ledger fixed multiple software issues in the XRPL 3.2.0 upgrade after Common Prefix uncovered bugs and edge cases during a formal security review. Common Prefix will next conduct formal verification of XRPL’s Single Asset Vault and Lending Protocol proposals as development expands into DeFi and tokenization. XRP rose about 3.6% to an intraday high of $1.16, while debate continued over Ripple’s XRP escrow strategy and future token releases. According to the XRP Ledger Foundation, the…