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Nasdaq-listed biotech firm Sonnet BioTherapeutics is making a bold move into the digital asset space, unveiling plans to launch an $888 million Hyperliquid (HYPE) token treasury under a newly formed entity.
Quick Take Standard Chartered says stablecoins surprisingly drew more attention than bitcoin during recent U.S. meetings, despite bitcoin hitting record highs. A $750 billion stablecoin market size could influence Treasury issuance and emerging market stability, according to the bank.
Crypto liquidations totaled $469 million, with 125,578 traders affected as Bitcoin, Ethereum, Solana, and Dogecoin entered the spotlight.
Ahead of the June CPI report, the crypto market is showing volatility, with Bitcoin retreating 5% from its $123,000 all-time high.
Solana’s RWA ecosystem has surged 140% year-to-date, with Ondo’s USDY capturing nearly 42% of the market.
Quick Take On the House floor on Tuesday, lawmakers voted 196 to 223 against moving ahead with voting on three bills that were headed to votes this week. A House aide told The Block that they will try again later at 5 p.m. ET.
The Fed, FDIC, and OCC clarify how banks can offer crypto custody services under existing rules without new policies.
- 08:33Currently, 15 XRP-focused ETF applications are awaiting review by the US SEC.According to a report by Jinse Finance, WF has released market news stating that there are currently 15 ETF applications focused on Ripple (XRP) awaiting review by the U.S. Securities and Exchange Commission (SEC).
- 08:27Bank of England Deputy Governor: Our digital pound project is in the design phaseJinse Finance reported that Bank of England Deputy Governor Broadbent stated: Our digital pound project is currently in the design phase. If we are to take full advantage of the benefits of on-chain settlement, we also need the tokenization of currency.
- 08:16A certain exchange is investigating Mina fund gateway issues; deposits and withdrawals may be delayed.According to Jinse Finance, a certain exchange is currently investigating issues related to the Mina funds gateway, and deposits and withdrawals may experience delays.