Crypto World Echo

Valkyrie amends Bitcoin Fund S-1 filing with enhanced custody and valuation rules

Valkyrie Investments refiled an amended Form S-1 with the Securities and Exchange Commission on Thursday for its Valkyrie Bitcoin Fund, adding more precise rules around custody, valuation, seed investments, and risks as the cryptocurrency investment vehicle awaits regulatory approval to trade on Nasdaq. The new filing updates the index used to value the fund’s Bitcoin from Lukka Prime to the CME CF Bitcoin Reference Rate – New York Variant, which calculates the reference rate as of 4 PM Eastern

Bitcoin Standard Treasury Company nears SPAC merger completion with Cantor Equity Partners by month-end

<p>The merger could set a precedent for Bitcoin as a direct investment vehicle in public markets, potentially reshaping financial strategies.</p><p>The post <a href="https://cryptobriefing.com/bitcoin-standard-treasury-spac-merger-cantor/">Bitcoin Standard Treasury Company nears SPAC merger completion with Cantor Equity Partners by month-end</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

J.P. Morgan upgrades Tesla to neutral, cites robotics and autonomous driving as long-term catalysts

<p>J.P. Morgan's shift signals a broader market recognition of Tesla's potential in robotics and autonomy, despite existing execution and regulatory challenges.</p><p>The post <a href="https://cryptobriefing.com/jp-morgan-upgrades-tesla-neutral-robotics/">J.P. Morgan upgrades Tesla to neutral, cites robotics and autonomous driving as long-term catalysts</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Zcash Bug Discovered, Binance Predictions Trillions in Tokenized Equity Inflows, and More – Week In Review

Forward Industries moved $32 million in SOL to Coinbase Prime, reviving fears that the largest corporate Solana holder could add fresh sell pressure while sitting deep underwater. Zcash then faced a double blow as developers patched a critical counterfeit-minting bug and Arthur Hayes exited his position, deepening the selloff. Meanwhile, major U.S. banks explored tokenized [&#8230;]

Indonesia centralizes strategic commodity exports under Danantara Sumberdaya Indonesia control from June 1

<p>Indonesia's centralized export control could reshape global commodity markets, boosting state revenue but potentially raising import costs.</p><p>The post <a href="https://cryptobriefing.com/indonesia-danantara-commodity-export-control/">Indonesia centralizes strategic commodity exports under Danantara Sumberdaya Indonesia control from June 1</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

US labor market adds 172,000 jobs in May, nearly doubling expectations

<p>The robust job growth may deter the Fed from cutting rates, impacting risk assets like crypto by making safer investments more appealing.</p><p>The post <a href="https://cryptobriefing.com/us-jobs-may-labor-market-crypto/">US labor market adds 172,000 jobs in May, nearly doubling expectations</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Franklin’s Western Asset Management agrees to $100M SEC settlement over cherry-picking scheme

<p>The settlement underscores the critical need for robust oversight in asset management, highlighting the SEC's focus on trade allocation practices.</p><p>The post <a href="https://cryptobriefing.com/western-asset-management-sec-settlement/">Franklin&#8217;s Western Asset Management agrees to $100M SEC settlement over cherry-picking scheme</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Israel-Hezbollah fighting escalates despite US-brokered ceasefire, Bitcoin drops 3%

<p>The escalation undermines regional stability and complicates diplomatic efforts, while also highlighting cryptocurrency's vulnerability to geopolitical tensions.</p><p>The post <a href="https://cryptobriefing.com/israel-hezbollah-ceasefire-bitcoin-drops/">Israel-Hezbollah fighting escalates despite US-brokered ceasefire, Bitcoin drops 3%</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

OpenAI’s next model is being designed by AI itself, says SoftBank’s Masayoshi Son

<p>AI designing AI accelerates the path to superintelligence, potentially reshaping industries and societal structures within years.</p><p>The post <a href="https://cryptobriefing.com/openai-next-model-designed-by-ai/">OpenAI&#8217;s next model is being designed by AI itself, says SoftBank&#8217;s Masayoshi Son</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Bitcoin Risks $55K Slide as Analyst Doubles Down on $100K Target

Bitcoin is testing a critical support area as investors assess whether the $60,000 level can hold. A strategist said a break lower could bring $55,000 into focus, while maintaining support could help preserve the case for a $100,000 year-end target. Why Bitcoin’s Key Support Zone Could Define the Next Market Move Bitcoin could revisit $55,000 [&#8230;]

‘Fiat Is a Sham’: Hunter Biden Goes Viral With Explosive Praise for Crypto and Blockchain

After criticizing the Donald Trump Administration’s actions on social media, Biden stressed that it would use Hyperliquid as a tool to fight the Democrats’ anti- crypto army. He also stated that Andreas Antonopoulos’ book opened his eyes to crypto and that politicians underestimated crypto’s true value. Hunter Biden Talks Crypto on Social Media Hunter Biden, [&#8230;]

Greece plans 15% capital gains tax on crypto, marking first dedicated framework

<p>Greece's crypto tax framework could enhance regulatory clarity, align with EU norms, and potentially boost investor confidence and market stability.</p><p>The post <a href="https://cryptobriefing.com/greece-crypto-capital-gains-tax/">Greece plans 15% capital gains tax on crypto, marking first dedicated framework</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

US job market adds 172,000 jobs in May as hiring rebounds, rattling crypto markets

<p>The robust job growth suggests a resilient economy, potentially leading to tighter monetary policy, impacting risk asset valuations.</p><p>The post <a href="https://cryptobriefing.com/us-jobs-report-may-crypto-impact/">US job market adds 172,000 jobs in May as hiring rebounds, rattling crypto markets</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Polymarket paid influencers over $350K to promote betting odds on X without disclosure

<p>Undisclosed influencer promotions on social media risk eroding public trust and highlight the need for transparency in digital marketing practices.</p><p>The post <a href="https://cryptobriefing.com/polymarket-pays-influencers-promote-odds/">Polymarket paid influencers over $350K to promote betting odds on X without disclosure</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

ATFX Suspends Its Prop Trading Operations

ATFunded, the prop trading unit of ATFX, has paused its operations and is conducting a “full review of the business.” The service suspension comes less than two years after the contracts for differences (CFD) broker launched its prop business in October 2024.Evaluating "Alternative Models"“The prop trading industry has evolved considerably, and we believe it is important to take the time to assess whether our current models are sustainable for the long term,” a notice on the ATFunded website not

South Korean Traders Push Bitcoin Into Its Deepest Discount Since 2021

As bitcoin slipped to a 2026 low of $59,100, market data reveals that BTC priced against the South Korean won has been changing hands at a discount. In fact, the Kimchi premium has vanished, and bitcoin has been trading below global market prices in South Korea for nearly a month. Nearly a Month of Discounts [&#8230;]

AI’s $800 billion spending boom is becoming Bitcoin’s Fed problem

For the better part of two years, Wall Street has treated AI as the most bullish trade on the board, a growth engine that turbocharges earnings, underwrites stretched valuations, and promises a productivity windfall somewhere down the road.However, the Fed has access to the same numbers and seems to be more inclined to treat the AI build-out as a fresh source of demand in a market that's still fighting to drag inflation back toward its 2% target.Goldman Sachs now expects AI-related capital spend

Goldman Sachs, Apex Group, and Archax Build Institutional Tokenized Real Estate Fund

Goldman Sachs has launched a blockchain-native tokenized real estate fund on its GS DAP platform, partnering with Apex Group, Archax, LRC Group, and Ownera to bring regulated onchain share issuance to European real estate investors. The fund, formally structured as the LRC Tokenized Real Estate Fund SCSp, SICAV-RAIF, is domiciled in Luxembourg and distributed across [&#8230;]

Bitcoin ETFs Bleed $326M as BTC Sinks to $59K and Ether Slides Toward $1,500

U.S. spot bitcoin exchange-traded funds (ETFs) recorded $326 million in net outflows on June 5, while U.S. spot ether ETFs lost $5.97 million. The fresh redemptions resumed selling pressure barely a day after both products had snapped long outflow streaks. Outflows Return After a Brief Reprieve Spot ETFs are regulated funds that hold bitcoin or [&#8230;]

May jobs report explained: Why 172,000 jobs means higher rates, pricier loans, and a Bitcoin drop

The US economy added 172,000 jobs in May, more than double the 80,000 that Wall Street economists had expected, and the unemployment rate held at 4.3%.The Bureau of Labor Statistics (BLS) also revised March and April higher by a combined 93,000 positions, which left the spring looking much stronger than anyone believed a month ago. For the people who landed those jobs, this counts as good news, and the headline number is certainly something a sitting administration enjoys waving around.The troub