CryptoFrontNews

HTX is removing USD1 and converting eligible balances to USDT at a 1:1 ratio following an address-freeze dispute with WLFI.
The conflict began after WLFI froze HTX-linked wallets during a sanctions compliance review, prompting criticism from the exchange.
The case renews scrutiny of WLFI’s token-freeze capabilities, previously highlighted in a dispute involving Justin Sun.
HTX announced it will remove World Liberty Financial’s USD1 stablecoin from its platform and convert eligible balances into USDT at a 1:1 ratio. According to the exchange, the delisting takes effect at 03:00 UTC on June 7, 2026, after the WLFI project team froze certain HTX-linked onchain addresses during a sanctions compliance review.
HTX Moves Ahead With USD1 Delisting
According to HTX, the exchange decided to delist USD1 to reduce potential risks and protect user assets. Eligible holdings will automatically convert into USDT, while the credited assets will arrive in users’ Spot Accounts after the process finishes.
The exchange also confirmed that USD1 deposit services will no longer operate after the suspension takes effect. In addition, conversion services tied to fresh USD1 deposits will remain unavailable after the cutoff.
Earlier this week, HTX also halted trading for the WLFI/USDT, USD1/USDT, BTC/USD1, and ETH/USD1 pairs. The exchange linked those actions to developments surrounding the WLFI project.
Address Freeze Sparks Public Dispute
According to HTX, the WLFI team froze several exchange-linked addresses without sufficient prior communication or transparent disclosure. The exchange argued that the action affected assets owned by individual users rather than sanctioned entities.
HTX spokesperson Molly Fu stated on X that the affected funds belonged to users who legally acquired them. She also called on WLFI to release the frozen assets.
The dispute emerged after the United Kingdom placed Huobi Global S.A. under sanctions on May 26. UK authorities alleged the company facilitated more than $1.5 billion connected to Russian sanctions evasion activities.
Previous WLFI Freeze Case Returns to Focus
The latest development follows another high-profile use of WLFI’s freeze function. In September 2025, the project blacklisted a wallet linked to TRON founder Justin Sun after the movement of roughly $9 million worth of WLFI tokens.
Sun later filed a lawsuit, alleging the WLFI contract contained a hidden mechanism that allowed token freezes without notice or consent. Meanwhile, WLFI has not publicly addressed the HTX-related freeze, although it recently reiterated that transactions involving sanctioned entities may be blocked under its compliance policies.
The post HTX Drops USD1 as WLFI Asset Freeze Dispute Deepens appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Stani Kulechov said DeFi has matured through stablecoin growth, institutional participation, and expanding regulatory frameworks.
Aave Labs proposed directing all product revenue to the DAO treasury while requesting $25 million, 75,000 AAVE, and future grants.
Marc Zeller criticized the proposal, arguing its scale and structure raise concerns about governance authority and DAO oversight.
Aave founder Stani Kulechov outlined nearly a decade of decentralized finance growth while Aave Labs introduced a new governance proposal for the protocol. The proposal, presented on Thursday, would direct all product revenue to the AAVE DAO treasury while requesting operational funding, drawing immediate criticism from Aave Chan Initiative founder Marc Zeller over its scale and structure.
Kulechov Highlights DeFi Expansion
According to Stani Kulechov, the DeFi sector has moved from an experimental market into a broader financial ecosystem. He pointed to more than $300 billion in on-chain stablecoins and protocols generating verifiable revenue.
Kulechov also cited interest-bearing stablecoins, embedded wallets, and growing fintech participation as signs of industry development. He referenced products and companies including PyUSD, SoFi, Western Union, MoneyGram, Stripe, Tempo, and Whop.
In addition, Kulechov said major banks and asset managers, including Fidelity and BlackRock, have established digital asset teams. He also highlighted regulatory developments, including the GENIUS Act, the proposed CLARITY Act, Europe's MiCA framework, and ongoing work in the United Kingdom.
Aave Labs Seeks Treasury Funding
At the same time, Aave Labs submitted a non-binding governance temperature check called the "Aave Will Win Framework." The proposal would route all product revenue into the AAVE DAO treasury.
In return, Aave Labs requested $25 million in stablecoins and 75,000 AAVE tokens for operations. The proposal also includes an additional $17.5 million in grants tied to future product deployments.
According to the proposal, the funding would support activities that Aave Labs previously financed outside core protocol development.
Governance Debate Emerges
Marc Zeller, founder of the Aave Chan Initiative, challenged the proposal shortly after its release. He described the request as a large extraction attempt presented without earlier DAO consultation.
Zeller argued that the proposal followed a pattern where large initial demands later become negotiating positions. He also questioned whether governance retains meaningful authority if outcomes can effectively be predetermined.
Meanwhile, Kulechov said the industry's progress has been driven by continuous building and long-term participation, adding that broader adoption will take time.
The post Aave Founder Maps DeFi Growth as DAO Debate Opens appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

SEC Trading and Markets Director Jamie Selway outlines a tokenized securities framework focused on “innovation without arbitrage.”
The SEC and CFTC are coordinating on derivatives rules to prevent regulatory gaps and limit excessive retail leverage risks.
Market infrastructure firms like DTCC, Nasdaq, and NYSE are preparing tokenized trading and settlement systems for 2026 rollout.
SEC Trading and Markets Director Jamie Selway outlined a new framework for tokenized securities listing and trading in New York on June 4, 2026. The plan follows the principle of “innovation without arbitrage,” as regulators coordinate with the CFTC on derivatives rules. The effort targets market structure modernization while limiting regulatory gaps and retail leverage risks.
Selway Details “Innovation Without Arbitrage”
Jamie Selway said the SEC is developing rules under Chairman Atkins’ direction. The framework aims to align treatment of tokenized and traditional securities under one structure.
Selway said the goal is to ensure no advantage for either new entrants or legacy market providers. He added that fairness in market structure remains central to the approach.
The Division of Trading and Markets is reviewing custody, issuance, and secondary trading rules. It is also preparing an “innovation exemption” concept for trading venues handling tokenized securities.
SEC and CFTC Coordinate on Derivatives Rules
Meanwhile, the SEC and CFTC are jointly reviewing overlapping jurisdiction areas. The agencies are examining product definitions, portfolio margining, and swap reporting rules.
According to Selway, coordination also includes evaluation of perpetual futures and related derivatives. The focus remains on avoiding regulatory arbitrage across market structures.
Selway warned against excessive leverage reaching retail investors through new tokenized instruments. He also stressed clear separation between investing activity and gambling-style products.
The SEC previously approved Nasdaq PHLX for Bitcoin index options listing on May 22. Regulators view this as part of broader structured market development.
Market Infrastructure Responds to Framework Push
Market infrastructure players are already adjusting to the SEC direction. The DTCC announced limited production testing for tokenized securities through DTC services starting July 2026.
A broader rollout is scheduled for October 2026, according to the announcement. Meanwhile, Nasdaq and the NYSE are developing tokenized settlement and trading platforms.
Selway also said the SEC is working toward 23-hour, five-day equity trading by end-2026. The Division is reviewing Regulation NMS and audit systems for modernization.
He added that industry participants should avoid exploiting jurisdictional gaps. Instead, they should submit proposals through formal regulatory engagement channels.
The post SEC Builds Tokenized Securities Trading Framework appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

TRX tagad ir pieejams spot tirdzniecībai Bitnomial, CFTC regulētā ASV biržā, paplašinot atbilstošu piekļuvi investoriem.
TRON izceļ spēcīgu tīkla aktivitāti, tostarp vairāk nekā $89B USDT apgrozījumā un $27B DeFi kopējā vērtībā, kas ir iesaldēta.
Laižot tirgū, tiek sekots plašākai institucionālai paplašināšanai, tostarp glabāšanai caur Anchorage Digital un regulētu atvasinājumu piekļuvi Eiropā.
TRON DAO paziņoja, ka TRX, TRON blokķēdes vietējais tokens, tagad ir pieejams spot tirdzniecībai Bitnomial, ASV biržā un norēķinu centrā, ko regulē Preču nākotnes tirdzniecības komisija. Šī kustība sniedz amerikāņu investoriem un institūcijām vēl vienu regulētu vietu, lai piekļūtu TRX, kamēr tīkls turpina paplašināt savu klātbūtni nostiprinātā finanšu infrastruktūrā.

Morgan Stanley Wealth Management partners with Galaxy Digital to enable crypto-to-spot ETP share conversions for eligible investors.
The program supports in-kind creation of shares like the Morgan Stanley Bitcoin Trust, reducing onboarding times by up to 75%.
Galaxy lowers minimum lending requirements from $25M to $5M, expanding institutional access to crypto-linked investment products.
Morgan Stanley Wealth Management has introduced a referral arrangement with Galaxy Digital that allows eligible clients to exchange certain cryptocurrencies for shares of spot crypto exchange-traded products. The program, announced this week, supports in-kind creation of ETP shares, including the Morgan Stanley Bitcoin Trust (MSBT), while aiming to shorten onboarding times and expand access for qualified investors.
Galaxy Referral Model Expands Client Access
According to Morgan Stanley Wealth Management, the new process allows eligible clients to lend digital assets such as Bitcoin, Ether, and Solana to Galaxy. Galaxy then determines whether those assets can be settled through an in-kind creation process involving an Authorized Participant.
Once the transaction is completed, ETP shares are delivered into the client’s selected investment account. According to the announcement, the structure is designed for investors seeking to integrate digital assets with traditional portfolio management tools.
Morgan Stanley said the arrangement also gives clients access to margin and lending capabilities linked to those investment products.
Onboarding Times And Transaction Limits Change
The firms said the referral capability could reduce onboarding periods by as much as 75% in some cases. Current onboarding for these transactions can take more than four weeks.
At the same time, Galaxy lowered its minimum lending requirement for Morgan Stanley-referred clients. The threshold will drop from $25 million to $5 million for eligible participants.
According to Alison Nest, Head of Investment Solutions Products at Morgan Stanley Wealth Management, the referral capability provides clients with an institutional process for connecting digital assets with broader portfolio strategies.
Firms Outline Structure For Spot Crypto ETPs
Morgan Stanley said it will provide educational resources on digital assets while directing eligible clients to Galaxy’s platform. Galaxy will manage the lending process and coordinate the in-kind creation of ETP shares.
Zane Glauber, Global Head of Distribution at Galaxy, said the arrangement combines streamlined onboarding with lower transaction minimums for qualified clients.
The announcement specifically noted that the referral model covers spot crypto ETPs, including, but not limited to, the Morgan Stanley Bitcoin Trust.
The post Morgan Stanley Opens New Path To Spot Bitcoin ETFs appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Maikls Seilors identificēja četras Bitcoin grupas: maksimālisti, kapitalisti, tehnologi un fundamentālisti.
Bitcoin kapitalisti atbalsta institucionālo pieņemšanu caur bankām, korporatīvajām kasēm, aizdevumiem un kapitāla tirgu integrāciju.
Seilors apgalvo, ka visas četras perspektīvas nostiprina Bitcoin, līdzsvarojot izaugsmi, jauninājumus, decentralizāciju un pamatprincipus.
Maikls Seilors, Stratēģijas priekšsēdētājs, ir publicējis jaunu ietvaru, kas apraksta četras atšķirīgas domāšanas skolas, kas veido Bitcoin nākotni. Šonedēļ izlaistā rakstā Seilors teica, ka Bitcoin augošā globālā loma ir radījusi atšķirīgas perspektīvas par pieņemšanu, tehnoloģijām, pārvaldību un monetāriem principiem, katra grupa pieiet tīklam no citas puses.

Galaxy Research's Alex Thorn lowered CLARITY Act passage odds from 75% to 60% due to Senate timing concerns.
Senate floor time is constrained by debates over surveillance legislation and other priorities before the August recess.
Unresolved ethics and illicit finance provisions remain key hurdles, though Thorn still sees the bill as more likely than not to pass.
Galaxy Research Head of Firmwide Research Alex Thorn lowered his estimate for the U.S. CLARITY Act becoming law in 2026 from 75% to 60%. According to Thorn, the downgrade reflects growing pressure from the Senate calendar rather than changes to the bill itself. He said floor scheduling, unresolved negotiations, and competing legislative priorities have reduced the available window for action.
Senate Schedule Creates New Pressure
According to Thorn, the CLARITY Act cleared committee with a 15-9 bipartisan vote and reached the Senate Legislative Calendar on June 1. However, he said the remaining procedural steps require valuable floor time before the August recess.
Thorn noted that lawmakers will likely shift attention to the reauthorization of Section 702 of the Foreign Intelligence Surveillance Act. The procedural vote failed 47-52, placing additional pressure on the Senate agenda.
He also pointed to a previous week consumed by debate surrounding the administration’s anti-weaponization fund. Together, those issues have reduced the number of workable legislative days.
Outstanding Issues Still Unresolved
As the calendar tightens, Alex Thorn said negotiations around key provisions have shown little visible progress. According to his analysis, ethics requirements supported by Senate Democrats remain unresolved.
He also said illicit finance provisions continue to attract discussion without a public compromise. Thorn added that both issues are solvable, but they have not yet reached a final agreement.
He argued that Senate leadership may hesitate to dedicate floor time without confidence that enough Democratic votes are secured.
What Could Change The Outlook
Thorn said the estimate could move higher if leadership commits to a floor vote during early or mid-July. Public signs that ethics and illicit finance questions have been resolved would also improve the outlook.
According to Thorn, combining the Senate Banking and Agriculture Committee texts into one package would provide another positive signal. He maintained that the bill remains more likely than not to pass, but timing has become the central challenge.
The post Galaxy’s Alex Thorn Says CLARITY Act’s 2026 Passage Odds Fall to 60% As Senate Calendar Tightens appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Cardano founder Charles Hoskinson says more DeFi projects could shut down in 2026 amid funding and market pressures.
TapTools will close after executive departures and rising infrastructure costs, highlighting ecosystem sustainability issues.
Hoskinson cites governance and treasury limitations as key barriers while Cardano network growth metrics remain weak.
Cardano founder Charles Hoskinson warned that more decentralized finance projects could shut down during the second half of 2026 as funding pressures and weak market conditions continue. His comments followed the decision by analytics platform TapTools to wind down operations, with Hoskinson saying governance and commercialization challenges have slowed support for ecosystem builders.
TapTools Closure Raises Fresh Questions
According to TapTools, the platform will close within weeks after several senior executives departed and infrastructure costs continued to rise. The company said its latest backend developer also left, creating technical gaps that could not be replaced quickly.
The shutdown adds to a difficult period for Cardano projects. Earlier, NFT marketplace JPG.Store also ceased operations after limiting several platform features.
Hoskinson said he had warned at the start of the year that some businesses could fail if new funding mechanisms were not introduced. He added that market conditions remain difficult and could trigger a broader wave of closures.
Governance And Funding Challenges
As attention shifted to ecosystem support, Hoskinson pointed to Cardano’s governance structure as a major obstacle. According to him, proposals designed to help projects secure funding and continue operations did not receive approval.
He said he personally helped acquire projects including Nami and Blockfrost. However, he noted that not every business can receive that kind of support.
Hoskinson also stressed that he does not control Cardano’s treasury, governance keys, or protocol parameters. He said those decisions remain in the hands of the wider governance process.
Network Metrics Stay Under Pressure
At the same time, several Cardano network indicators remain weak. Total value locked is between roughly $118 million and $123.85 million, placing the network behind several competing blockchains.
Hoskinson also discussed what he described as an “extreme option” if reforms fail. According to his comments, that could involve launching a new Cardano through a proof-of-burn model to reset tokenomics and institutional funding mechanisms.
The post Cardano Founder Warns More DeFi Projects May Collapse appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

ZEC lost nearly half its value within a day as liquidations exceeded $81.91 million across futures markets.
Long liquidations reached $70.55 million, showing bullish positions dominated before the sharp decline.
Open interest previously approached $1.7 billion, increasing exposure to leverage-driven volatility.
ZEC faced intense selling pressure as traders reacted to liquidations, security concerns, and elevated leverage, driving one of the cryptocurrency market’s sharpest declines during the past week.
Liquidations Accelerate the Downtrend
According to a Wu Blockchain update, ZEC fell sharply within hours. Binance market data showed the asset losing 48.4% in 24 hours. Selling pressure intensified as prices moved through key support areas.
https://twitter.com/WuBlockchain/status/2062798411028635837?s=20
CoinGlass reported approximately $81.91 million in total liquidations. Long positions accounted for roughly $70.55 million of losses. Short liquidations reached about $11.36 million during the same period.
The liquidation imbalance reflected crowded bullish positioning across derivatives markets. Many traders remained exposed to leveraged long positions. Forced closures added further pressure as prices continued falling.
The chart showed several rapid declines after support levels failed. Selling activity accelerated near the $500 and $450 regions. Market conditions became increasingly unstable as liquidation orders expanded.
Security Concerns Weigh on Market Sentiment
Wu Blockchain also referenced comments made by Arthur Hayes on X. The BitMEX co-founder disclosed selling his entire position. The decision followed concerns regarding the Orchard Pool exploit.
The announcement emerged during an already fragile trading environment. Traders closely monitored developments surrounding network-related concerns. Market confidence weakened as uncertainty spread across trading desks.
The steepest decline occurred during the session's final phase. ZEC lost support near the $350 region. Prices then dropped rapidly toward the $270 area.
Current market data shows ZEC trading at $314.36. Daily losses stand at 43.43% at the time reported. The asset is also down 41.31% over seven days.
Open Interest Reveals Elevated Leverage Exposure
A CoinGlass chart illustrates major growth in derivatives activity. Open interest increased alongside the recent price rally. Both metrics climbed sharply before the latest correction.
Source: coinglass
Open interest previously approached the $1.7 billion level. During that period, prices traded near cycle highs. Rising participation reflected growing speculative interest across futures markets.
After the selloff, open interest declined as positions closed. However, historical readings remained elevated compared with previous years. Derivatives activity continued influencing overall market behavior.
The relationship between leverage and price remained clearly visible. Rising exposure amplified gains during advances and losses during declines. Recent trading activity demonstrated how quickly leveraged markets can unwind.
ZEC remains under close observation as traders assess liquidation trends. Market participants continue tracking derivatives positioning and trading volumes. Attention also remains focused on developments surrounding the Orchard Pool exploit.
The post ZEC Drops as $81.9M Liquidations Shake Market appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Bitcoin erased $737.6 million in positions as long traders absorbed most liquidation losses across the market.
Ethereum and Solana recorded heavy long liquidations, reflecting broad bullish positioning before the decline.
BTC rebounded after testing $61,000, while elevated volume accompanied the market-wide leverage reduction.
Bitcoin Market Reset gripped digital asset markets after leveraged positions worth $1.61 billion were liquidated within 24 hours. The selloff pushed Bitcoin below a key level before buyers returned following intense derivatives-driven pressure.
Long Position Wipeout Drives Market Repricing
A post from CryptosRus pointed to a sharp liquidation event. The data showed $1.61 billion erased across crypto derivatives markets. Long positions accounted for $1.36 billion of those losses.
https://twitter.com/CryptosR_Us/status/2062409926203359251?s=20
The imbalance revealed aggressive bullish positioning before the decline. Only $255.65 million came from short liquidations during the period. As a result, the reset largely affected traders expecting higher prices.
Bitcoin represented the largest share of liquidations across the market. About $737.62 million in positions were removed during the selloff. Long traders accounted for 84% of Bitcoin's liquidated exposure.
Once support levels failed, automated liquidations accelerated selling activity. Additional market orders entered as leveraged positions closed. Consequently, downside momentum intensified throughout the session.
Ethereum and Altcoins Face Similar Pressure
The liquidation pattern extended beyond Bitcoin into major cryptocurrencies. Ethereum recorded approximately $367.9 million in liquidated positions. Around 85% of those losses came from long exposure.
The figures suggested optimism remained widespread before the correction. Traders across leading assets maintained similar directional expectations. Therefore, multiple markets experienced synchronized deleveraging pressure.
Altcoins also absorbed substantial losses during the decline. The “Others” category recorded nearly $383.95 million liquidated. That activity indicated broad participation across smaller digital assets.
Solana stood out among major alternative cryptocurrencies. Roughly $83.84 million in positions were liquidated. Furthermore, long positions represented about 93% of those losses.
Bitcoin Rebounds After Sharp Intraday Drop
Bitcoin at the time of writing traded at $63,748 during the reported market snapshot. The asset declined 5.07% over the previous day. Earlier, prices hovered near the $66,970 region.
Source: Coinmarketcap
The chart showed a gradual deterioration before the steep decline. Lower highs and lower lows emerged throughout trading activity. Meanwhile, recovery attempts repeatedly encountered renewed selling pressure.
The sharpest movement occurred after Bitcoin approached the $61,000 area. The drop unfolded within only several hours. Market structure reflected characteristics commonly associated with liquidation cascades.
Buyers later returned and lifted prices back above $63,000. The rebound followed the broad reduction in leveraged exposure. Bitcoin's market capitalization stood near $1.27 trillion during trading.
Trading volume reached approximately $57.5 billion over 24 hours. There was increased activity during the decline and recovery. Now it is the $63k-$64k zone that is in focus.
The post Bitcoin Market Reset Follows $1.6B Liquidation Wave appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Litecoin trades below confirmed bear flag support as sellers maintain control of the broader market trend.
Funding rates normalized, yet LTC continues making new lows amid weak spot demand.
Market structure suggests cycle-bottom conditions remain incomplete despite deeply oversold readings.
Lightning-like LTC is still being watched as it continues its downward trend following a confirmed bear flag breakdown. Despite the oversold market sentiment, recent price action and derivatives data indicate that the market is still under pressure.
Bear Flag Breakdown Reinforces Downtrend
A recent post on X identified a completed bear flag pattern. The chart now shows price confirmation following the breakdown. Sellers retained control after months of sideways consolidation.
Source: mdtrade via X
The highlighted range formed between roughly $49 and $61. Price traded within that zone after a sharp decline. The structure resembled a classic continuation formation.
Several attempts to reclaim higher levels ultimately failed. Repeated rejections appeared near the flag's upper boundary. Buyers could not generate sustained upside momentum.
LTC at the time of writing traded near $46.28 after falling below support. That move confirmed the bearish continuation setup. Technical focus remains on lower support zones.
Price Structure Continues Showing Weakness
The broader trend remains defined by lower highs. Lower lows have also persisted throughout the cycle. TThose are signs of a continuing downward trend.
Litecoin had been hovering around $48.24 throughout the session. Selling pressure gradually intensified during trading activity. The decline unfolded without meaningful recovery strength.
A sharp intraday drop pushed the price below $45.00. Liquidations likely amplified the downside movement. Liquidity conditions briefly favored aggressive sellers.
Although a rebound follows, resistance remains overhead. Price failed to reclaim the $48 to $49 area. Consequently, short-term momentum remains fragile.
Funding Data Suggests Capitulation Remains Incomplete
The OI-weighted funding rate chart provides additional context. Funding remained positive during much of the decline. Traders maintained bullish exposure despite weakening prices.
Source: Coinglass
During the summer rally, funding rates spiked noticeably higher. Market participants anticipated a stronger upward move. However, that optimism faded after the rally failed.
Funding rates have since moved closer to neutral territory. Excessive bullish leverage has largely been removed. Derivatives positioning now appears considerably more balanced.
Even so, Litecoin continues printing fresh lows. Spot demand remains insufficient to reverse the trend. Market attention remains focused on whether a cycle bottom develops later this year.
The RSI currently sits near deeply oversold levels. Such readings can support temporary recovery attempts. Yet oversold conditions alone rarely confirm major bottoms.
Current market behavior reflects caution across derivatives markets. Funding normalization has reduced speculative excesses. Nevertheless, price action has yet to establish a durable recovery structure.
The post Litecoin Cycle Outlook Signals Further Downside Risk appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

The CFTC approved a designated contract market to list Bitcoin perpetual futures, marking a regulatory milestone for crypto derivatives.
Bitcoin perpetual futures allow leveraged exposure to Bitcoin prices without contract expiration or direct asset ownership.
The approval follows broader U.S. digital asset policy activity involving stablecoins, payment systems, and prediction markets.
The U.S. Commodity Futures Trading Commission has taken another step toward regulated crypto derivatives, announcing approval for a designated contract market to list Bitcoin perpetual futures. The decision, disclosed alongside a no-action letter for Cboe Digital Exchange, marks the first CFTC-approved application for perpetual futures contracts linked to Bitcoin prices.
First Bitcoin Perpetual Futures Approved
According to the CFTC, the approval follows its policy of reviewing perpetual futures applications individually. The agency also issued a time-limited no-action letter to Cboe Digital Exchange covering certain designated contract market procedures related to dormancy.
Perpetual futures, commonly called perps, allow traders to speculate on an asset’s price without owning it. Unlike traditional futures contracts, they do not expire and can remain open if sufficient collateral exists.
The products also permit leveraged trading, allowing users to control larger positions with borrowed funds. However, leverage can increase both gains and losses.
Broader Regulatory Actions Continue
The approval arrived during a week of wider digital asset policy activity across several U.S. agencies. The Federal Reserve proposed a new payment account structure that could allow nonbank financial institutions to clear and settle payments through Federal Reserve Banks.
At the same time, the Federal Deposit Insurance Corporation approved a proposal establishing Bank Secrecy Act and sanctions compliance standards for permitted payment stablecoin issuers.
Meanwhile, the Securities and Exchange Commission has not yet released its expected tokenization innovation exemption, although Commissioner Hester Peirce discussed its planned limited scope.
Prediction Markets And Market Oversight
The CFTC also remained active in prediction markets. The agency filed a lawsuit against Minnesota over a state law targeting event contracts.
Separately, the Ninth Circuit ruled that state enforcement actions involving CFTC-regulated prediction market platforms may continue in state court. The House Committee on Oversight and Government Reform also opened an investigation into possible insider trading connected to prediction markets.
According to information provided by Kalshi, the platform became the first company to offer CFTC-regulated perpetual futures on May 29, 2026.
The post CFTC Clears Path for First Regulated Bitcoin Perps appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Tether’s Visa-linked card converts XAUT to USDT and fiat at checkout, enabling everyday spending backed by tokenized gold.
Users earn up to 6% cashback in XAUT plus automated round-ups that increase gold accumulation through purchases.
The system targets emerging markets, leveraging Fasset infrastructure and growing $5.3B tokenized gold ecosystem.
Tether and Fasset introduced the world’s first gold-backed neobanking Visa card, linked to tokenized gold XAUT. The launch took place through a joint rollout targeting global users across Asia and Africa, with Visa as the payment rail. According to Tether CEO Paolo Ardoino and Fasset CEO Mohammad Raafi Hossain, the initiative combines digital gold, stablecoins, and everyday payments in one system.
Visa-Based Gold Spending Model
Tether and Fasset structured the card to operate on the Visa network for global acceptance. Users can spend fiat at Visa-supported merchants worldwide using digital gold conversion.
The system converts XAUT into USDT and then into fiat at transaction time. Additionally, users receive up to 6% cashback in XAUT on eligible purchases.
Moreover, the card includes an automatic round-up feature. Spare change from transactions purchases additional XAUT for users. This builds continuous gold accumulation through daily spending activity.
Infrastructure and Wallet Integration
Fasset provides the wallet and settlement infrastructure supporting the card system. The platform offers multi-currency accounts, instant transfers, and global debit card access.
It also supports investments across crypto, stocks, funds, and commodities without interest charges. Notably, Fasset operates across Asia and Africa with fiat off-ramp services.
The system converts USDT into local currencies for spending and settlements. XAUT cashback flows directly into user wallets in real time through integrated infrastructure.
Tokenized Gold Market Expansion
The tokenized gold market currently exceeds $5.3 billion in total capitalization. XAUT accounts for more than $2.6 billion of that value.
Tether committed up to $1 million in XAUT to support card-based reward distribution. The allocation supports cashback issuance and user reward flows within the system.
Additionally, Fasset reported $32 billion in annualized transaction volume, with 95% linked to real-world assets. The companies positioned the card within expanding demand for asset-backed digital payment systems across emerging markets.
The post Tether and Fasset Launch Gold-Backed Visa Card appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

KINGSTOWN, St. Vincent and the Grenadines, June 4th, 2026, Chainwire
ChangeNOW, a non-custodial crypto management platform extending beyond exchange services with a full suite of B2B solutions for businesses in the digital asset space, is pleased to announce that it has been named “Best Digital Assets Fintech” at the BeInCrypto x Proof of Talk Institutional 100 Awards 2026. The award, which honors the businesses influencing institutional cryptocurrency adoption worldwide, was given out at the actual ceremony, which took place live at Proof of Talk, the Louvre Palace in Paris.
About the BeInCrypto Institutional 100 Awards
The BeInCrypto x Proof of Talk Institutional 100 is one of the most credible and rigorous independent media award programmes in the digital assets space. The awards, which cover 24 competitive categories across six pillars: Regulation & Governance, Capital Markets & Infrastructure, Retail to Crypto Bridge, Digital Assets, Tokenization & On-Chain Finance, and Enterprise Blockchain, are assessed using a two-stage process that includes blind scoring by an independent Expert Council of leaders in traditional finance and digital assets after proprietary quantitative screening using on-chain data and company disclosures.
With a global audience of 7–11 million monthly readers across 26 languages and a B2B community of over 20,000 verified professionals (70% of whom operate at C-level) a win at the BeInCrypto Institutional 100 carries significant weight across the digital finance industry.
ChangeNOW received the Best Digital Assets Fintech nomination in the Retail to Crypto Bridge category alongside Revolut, a European neobank. This award recognizes platforms that provide exceptional service at the intersection of traditional finance and the crypto economy.
ChangeNOW the Best Digital Assets Fintech Winner
ChangeNOW initially is a non-custodial cryptocurrency exchange that was established in 2017 with the goal of making it easy and accessible for everyone to trade digital assets. It serves eight million people globally and supports over 1500 digital assets.
Today its robust infrastructure spans both retail and business use cases. Alongside its web platform, iOS and Android apps, and NOW Wallet for self-custody, ChangeNOW offers a range of B2B products including NOWPayments for crypto payment processing, NOWNodes for blockchain infrastructure access, NOW Custody for digital asset storage, and a business API that enables wallets, fintech platforms, and financial services to integrate exchange functionality directly into their products.
Over the years, ChangeNOW has processed millions of transactions and built a client base that includes both individual clients and commercial partners across the digital asset space.
Industry Recognition and Company Response
Winning the Best Digital Assets Fintech Award goes way beyond just picking up a new industry title. Getting this nod from BeInCrypto matters immensely to the team. The BeInCrypto team's endorsement indicates that the ChangeNOW platform's speed and institutional standing truly stand out in a competitive market because of their robust reputation for editorial independence and strict grading.
These kinds of milestones don't happen by coincidence. This win is the direct result of serious work from the whole ChangeNOW crew, alongside the trust of millions of clients who choose the platform over the alternatives. It keeps them right where they want to be: acting as a reliable fintech bridge connecting regular folks to the wider digital asset economy.
"This recognition means a lot to our team because it reflects the trust our clients place in us every day. From the beginning, our goal has been to make crypto simple, accessible, and reliable for everyone, regardless of their experience level. We're honoured to be recognised by BeInCrypto and see this award as both a celebration of what we've achieved and a motivation to keep raising the standard for the industry," says Elena Dali Bey, Senior Business Development Manager at ChangeNOW.
Planned Platform Developments
Rather than pause to applaud, ChangeNOW is taking advantage of this momentum to accelerate the extension and improvement of its service offerings. The organization intends to outperform the changing needs of both regular traders and institutional clients. In the following months, work will focus on several key initiatives:
Leading the way with RWA Integration and Asset Expansion: The platform is rapidly expanding its listings of supported assets and market pairs, with a strong strategic focus on the growing Real-World Assets (RWAs) sector, as well as new networks and tokens. This expansion is intended to provide maximum trading flexibility and deep liquidity for highly sought-after, tokenized physical assets that are difficult to access through traditional centralized channels.
Strategic Ecosystem Activation via the Fast-Track Program: Moving far beyond standard API infrastructure, the Fast-Track program is designed to enhance marketing strategy and visibility. It helps wallets start monetizing from day one. This proven framework includes pre-built infrastructure and comprehensive marketing support, such as targeted placement in crypto media outlets, partner posts on ChangeNOW's social media channels, and participation in Tier-1 conferences with more than fifteen thousand attendees.
Elevating the Client Experience: A number of product improvements, including more advanced trading tools, personalization features, and interface redesigns, are in the works. Reducing the gap between what a client wants to achieve and what the platform makes simple is the same objective shared by all of them. Depending on who is using it, that matters in different ways. It implies less guessing in the beginning for someone who is new to cryptocurrency. It implies fewer stages between concept and execution for seasoned traders.
ChangeNOW views this award not as a destination, but as a benchmark. The team remains committed to the values that earned this recognition: transparency, accessibility, and relentless improvement.
About ChangeNOW
Founded in 2017, ChangeNOW is a non-custodial crypto management platform that makes it easy to swap more than 1500 digital assets quickly and without unnecessary complexity. The platform is used by over eight million people globally. ChangeNOW has a robust B2B infrastructure that includes NOWPayments for crypto payment processing, NOWNodes for access to blockchain infrastructure, NOW Custody for institutional-grade digital asset storage, and a business API that lets wallets, fintech platforms, and exchanges plug swap functionality directly into their own products. The intent behind the suite is practical: most companies building in crypto share a common problem, they need core infrastructure that would take years to develop independently. ChangeNOW's B2B offering is designed to remove that constraint.
ContactChangeNOW PR Team
CHN Group LLC
pr@changenow.io
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
The post ChangeNOW Wins Best Digital Assets Fintech at the BeInCrypto Institutional 100 Awards 2026 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Stockholm, Sweden, June 4th, 2026, Chainwire
Decentralized prediction market platform lets participants launch their own World Cup markets, trade with leverage of up to 2.5x, and earn fees on the markets they create.
With the 2026 FIFA World Cup set to begin on June 11, Premu, a decentralized prediction market platform, is highlighting the feature that distinguishes it from centrally operated venues: any participant can create a market on a World Cup outcome, set it live, and earn a share of the fees generated by trading in that market.
Rather than waiting for a platform to list a contract, participants on Premu can launch a yes-or-no market on questions such as which team advances from a group, who reaches the final, or the result of a single fixture. Markets are created permissionlessly by posting a bond in USDC, and the creator earns a fee on every trade placed in the market. Positions can be traded with leverage of up to 2.5 times using isolated or cross margin, with activity settled on-chain in USDC across the Ethereum, Arbitrum, and Base networks.
The timing coincides with rising interest in prediction markets, which have moved from a niche tool into wider public view over the past year as participants turn to event-based markets for forecasting and information. Major sporting events have historically drawn some of the highest trading activity to these platforms, and the World Cup, a 104-match tournament running through July 19, ranks among the largest such events on the 2026 calendar.
"Sporting events like the World Cup tend to generate questions faster than any central team can list them," said Chadi Farhat, Chief Technology Officer at Premu. "Allowing participants to create their own markets, and to earn from the activity they bring, means the platform can keep pace with each stage of a tournament as it unfolds."
Comparisons such as Polymarket vs Kalshi have featured prominently in industry discussion, drawing attention to differences in market structure, regulatory approach, and how markets are listed across centralized and decentralized models. Premu positions itself as a decentralized prediction market in which the market list is defined by participants themselves rather than a central operator, an approach the company says suits fast-moving events where demand can shift between fixtures.
Beyond sports, the platform supports markets across cryptocurrency, politics, culture, technology, economics, and global events, including rapid five-minute markets on the price direction of assets such as Bitcoin, Ethereum, and Solana. Balances are held in on-chain vault contracts that can be independently verified, and deposits and withdrawals are recorded as on-chain events rather than processed through a custodial intermediary.
The Premu platform is available globally through its web application at https://premu.xyz.
About Premu
Premu is a decentralized prediction market platform that enables participants to create and trade markets based on real-world events. The platform combines permissionless, user-created markets with leveraged event trading and on-chain settlement in USDC across the Ethereum, Arbitrum, and Base networks, supporting a range of event categories.
ContactMr
Chadi
Premu
team@premu.xyz
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
The post Premu Opens User-Created, Leveraged Prediction Markets Ahead of the 2026 World Cup appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Eightco treasury composition as of June 3, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, 283 million WLD holdings, and $142M cash and equivalents, totaling approximately $437 million
World offers a solution to the 'double human' problem in a world proliferating with deepfakes
Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries
EASTON, Pa., June 4, 2026 /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its growing position across digital assets and strategic investments in leading private technology companies.
As of June 3, 2026, at 6:00 p.m. ET, ORBS' holdings include a $90 million investment (indirectly, through SPVs) in OpenAI, an $18 million funded investment in Beast Industries, a $1 million investment in Mythical Games, 283,452,700 Worldcoin (WLD) at $0.55 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $142 million in total cash and stablecoins, for total holdings of approximately $437 million.
Top AI Headlines Driving the News:
ORBS management believes the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system. Among the holdings, key highlights in recent weeks are:
On June 1, Anthropic, recently valued at nearly $1 trillion, confidentially filed for a U.S. IPO, setting up what could become one of the most significant technology offerings in history (Reuters).
The Anthropic news comes out amidst news that OpenAI is preparing to file to go public in the coming weeks (The New York Times).
On June 1, Alphabet, parent company of Google, announced plans to raise up to $80 billion to fund AI-related investments and computing infrastructure to meet unprecedented demand (CNBC).
"The market is witnessing one of the largest technology investment cycles in history as AI reshapes industries, business models, and the global economy," said Thomas "Tom" Lee, Board Member of Eightco. "Anthropic's filing highlights the expectation of enormous investor appetite for AI companies. With OpenAI's filing reported to be upcoming, we believe OpenAI sits at the center of this transformation, and ORBS' exposure to the company provides shareholders with participation in what we view as one of the most significant value creation opportunities of the coming decade."
Data compiled by Fundstrat shows that "non-humans" now account for the following estimated shares of volume on various platforms:
- 75% of Polymarket trading volume
- 53% of web traffic
- 47% of emails sent
- 44% of US equity buy-side execution
- 35% of new website creation
- 30% of online product reviews
Eightco: Exposure to key mega-trends
Eightco is built around three mega-trends the Company expects to shape the next decade of innovation: artificial intelligence, digital identity, and the creator economy, with positions in each trend through indirect investment in OpenAI (21% of ORBS' treasury holdings), Worldcoin (36%), and Beast Industries (4%).
Artificial Intelligence — OpenAI
Eightco has invested approximately $90 million in special purpose vehicles with exposure to equity interests in the parent company of OpenAI, representing approximately 21% of treasury assets, one of the highest disclosed concentrations of any listed vehicle.
ChatGPT, OpenAI's consumer app, is the #1 consumer AI app worldwide (Sensor Tower) and crossed 900 million weekly active users in February 2026, making it the fastest-scaling consumer technology in history (UBS via Reuters).
Digital Identity — WLD Token
Eightco holds over 283 million WLD, approximately 8.4% of circulating supply, the largest publicly disclosed institutional position globally and approximately 36% of the Eightco treasury's assets.
Worldcoin is the native token of World, a global Proof of Human network built by Tools for Humanity (co-founded by Sam Altman and Alex Blania) and stewarded by the World Foundation. Its Orb devices issue a privacy-preserving World ID that verifies a user is a unique human, not an AI agent.
Under World's announced business model, applications pay per-verification fees while end-user verification remains free, with both credential issuers and the World protocol monetizing verified-human authentication. World identifies a $6.35 trillion combined addressable revenue opportunity across 13 industries spanning banking, e-commerce, gaming, social media, and agentic AI (per Tools for Humanity).
Creator Economy — Beast Industries
Eightco has invested $18 million in Beast Industries equity, approximately 4% of treasury assets.
Beast Industries operates one of the largest direct-to-consumer reach footprints in the world, with a combined 500 million-plus follower base across platforms, anchored by MrBeast as the most-watched person on YouTube globally. As AI commoditizes content production, distribution and audience trust become increasingly scarce assets.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company executing a first-of-its-kind Worldcoin (WLD) treasury strategy, providing investors single-ticker indirect exposure to three of the defining trends of this cycle: artificial intelligence through its indirect investment in OpenAI, digital identity through its position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast's Beast Industries. Backed by leading institutional investors including Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era.
For more information:
X: @iamhuman_orbs
Website: 8co.holdings
Frequently Asked Questions
What is ORBS stock?
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company on Nasdaq. ORBS provides indirect exposure to: OpenAI and Beast Industries.
Who owns the most Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) holds 283 million WLD, approximately 8.4% of circulating supply and the largest publicly disclosed institutional position globally.
What is Proof of Human?
Proof of Human is cryptographic verification that a user is a unique, living person, not a bot or AI agent. It is foundational infrastructure for social networks, banking, agentic commerce, and any system requiring "one person, one account" in the agentic AI era.
How does Eightco (ORBS) relate to Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is the largest publicly disclosed institutional holder of Worldcoin (WLD), the token powering World's Proof of Human network.
Who is the CEO of Eightco Holdings?
Kevin O'Donnell is the CEO of Eightco Holdings (NASDAQ: ORBS). The Company's Board includes Tom Lee (Managing Partner and Head of Research at Fundstrat, and Chairman of Bitmine Immersion Technologies (NYSE: BMNR)) and, as an advisor to the Board, Brett Winton (Chief Futurist at ARK Invest).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward-looking, including, without limitation, statements regarding: the Company's expectations that artificial intelligence, digital identity, and the creator economy will shape the next decade of innovation; expectations regarding the development and adoption of agentic artificial intelligence; media reports regarding OpenAI allegedly preparing to file for an IPO in the coming weeks and expectations that any OpenAI IPO would be among the most significant technology offerings; statements by the Company's Board Member regarding the current technology investment cycle being one of the largest in history, the expectation of enormous investor appetite for AI companies, the belief that OpenAI sits at the center of the AI transformation, and the belief that ORBS' exposure to OpenAI represents one of the most significant value creation opportunities of the coming decade; statements regarding Alphabet's announced plans to raise up to $80 billion for AI-related investments; statements regarding non-human and bot activity percentages across internet platforms, including Polymarket trading volume, web traffic, email, equity execution, website creation, and online product reviews; expectations regarding the adoption of the World ID protocol and the World network across enterprise and consumer applications; beliefs that Proof-of-Human verification is becoming essential infrastructure for social networks, banking, agentic commerce, and financial systems in the agentic AI era; statements regarding World's addressable revenue opportunity of $6.35 trillion across industries spanning banking, e-commerce, gaming, social media, and agentic AI; statements regarding the importance of distribution and audience trust as AI commoditizes content production; and the Company's belief that its treasury portfolio holds critical components for the future AI and digital financial system. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop," "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company's inability to direct the management or operations of private businesses where the Company is not a controlling stockholder, including OpenAI and Beast Industries; risk of loss or markdown on the Company's strategic investments, including its indirect position in OpenAI equity (held through special purpose vehicles), its position in WLD, and its position in Beast Industries equity; the Company's ability to maintain compliance with Nasdaq's continued listing requirements; unexpected costs, charges or expenses that reduce the Company's capital resources or otherwise delay capital deployment; inability to raise adequate capital to fund or scale its business operations or strategic investments; volatility in digital asset prices, including WLD and ETH, which could materially affect the value of the Company's treasury holdings; regulatory changes, future legislation and rulemaking negatively impacting digital assets, artificial intelligence adoption, or biometric data collection; risks related to the development, adoption, and market acceptance of Proof-of-Human technology and the World network; uncertainty regarding the pace and trajectory of agentic AI deployment in enterprise and consumer applications; uncertainty regarding OpenAI's product roadmap and the timing or success of any IPO; risks that third-party data regarding non-human internet activity may be inaccurate or subject to change; risks related to Beast Industries' ability to achieve its growth projections; and shifting public and governmental positions on digital assets or artificial intelligence-related industries. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in the forward-looking statements herein, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including the risk factors and other disclosures in its Annual Report on Form 10-K filed with the SEC on April 15, 2026 and other publicly available SEC filings. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.
SOURCE Eightco Holdings (NASDAQ: ORBS)

Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
The post Eightco Holdings (NASDAQ: ORBS) Reports Total Holdings of Approximately $437 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH and Over 283 Million WLD Tokens appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Mastercard atbalstīs USDC, RLUSD un citus regulētus stabilos coinus darījumu norēķiniem visā tās globālajā tīklā.
Izvēršana pievieno intradienas, nedēļas nogales un svētku norēķinu iespējas, lai uzlabotu likviditāti un maksājumu elastību.
Sākotnējie partneri ir Circle, Ripple, Paxos, Cross River, Lead Bank, Nuvei un citas finanšu iestādes.
Mastercard paziņoja par plāniem paplašināt savu norēķinu tīklu, pievienojot regulētus stabilos coinus, kā arī jaunas intradienas, nedēļas nogales un svētku norēķinu iespējas. Saskaņā ar uzņēmuma teikto, šis solis ļaus emitentiem un iegādātājiem norēķināt darījumus, izmantojot gan tradicionālās valūtas, gan izvēlētus digitālos aktīvus, vienlaikus uzlabojot likviditātes pārvaldību laika ziņā jutīgajiem maksājumu plūsmām visā tās globālajā tīklā.

ASTER continues defending a major support region after months of persistent downside pressure and extended consolidation.
Market participants are closely monitoring resistance levels before confirming any broader trend reversal structure.
Repeated support tests suggest buyers remain active despite weak short-term price performance and sentiment.
ASTER Accumulation Zone remains a closely watched market theme as traders assess support conditions and consolidation behavior. Attention remains fixed on whether prolonged stabilization can eventually transition into a stronger directional move.
Long-Term Structure Shifts Into Accumulation Phase
A post from analyst CryptoPatel on X focused on ASTER's longer-term chart structure. The analysis centered on accumulation rather than present weakness. The commentary suggested fear currently dominates market sentiment.
Source: X
The broader chart displayed a prolonged descending channel formation. Lower highs and lower lows defined price action. Sellers maintained control throughout much of the decline.
Conditions changed after a sharp decline during February. Buyers responded aggressively near lower support boundaries. That recovery interrupted the previous bearish structure.
The accumulation zone emerged between approximately $0.50 and $0.70. Multiple tests failed to trigger a decisive breakdown. Long-term participants appeared willing to absorb available supply.
Consolidation Continues While Support Holds Firm
ASTER is as of the time of writing, trading near $0.6805 after recent weakness. Its market capita is around $1.76 billion. The volume of trading during the period observed was more than $261 million per day.
The shorter-term chart revealed repeated support tests near $0.68. Buyers consistently appeared during periods of selling pressure. Demand remained visible despite negative daily performance.
Price initially declined from around $0.7167 during the session. That move pushed ASTER below the $0.70 threshold. Sellers established short-term control early in trading.
However, downside momentum gradually weakened afterward. Buyers repeatedly prevented deeper declines below support. The market remained trapped inside a relatively narrow range.
Resistance Levels Define the Next Technical Test
Recovery attempts emerged several times throughout the session. Price advanced toward the upper boundary of consolidation. Each move eventually encountered resistance pressure.
The $0.70- $0.71 region remains a key barrier. Buyers have not secured a sustained breakout. Market participants continue monitoring that level closely.
The longer-term technical roadmap identifies additional resistance areas. The first major obstacle appears near $0.95 to $1.00. Higher targets extend beyond $1.50 and $2.08.
For now, ASTER remains inside a consolidation structure. Support continues attracting buyers during pullbacks. Future direction may depend on resolving the current range.
The broader accumulation thesis remains tied to support preservation. A confirmed breakout could strengthen bullish expectations. Until then, traders continue watching both boundaries carefully.
The post ASTER Accumulation Zone Gains Attention Near Key Support appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

NORWALK, Conn., June 4, 2026 /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ("BMNR," "Bitmine" or the "Company") today announced that, subject to market and other conditions, it intends to offer, in a public offering (the "offering") registered under the Securities Act of 1933, as amended (the "Securities Act"), 3,000,000 shares of BMNR's 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock").
BMNR intends to use the net proceeds from the offering for general corporate purposes, which may include the acquisition of additional ETH and other digital assets; the expansion of the Company's staking and validator infrastructure, including through MAVAN; working capital; strategic investments aligned with the Ethereum ecosystem and broader digital asset adoption; and/or repurchases of the Company's common stock under its share repurchase program.
The Series A Preferred Stock will accumulate cumulative dividends at a fixed rate of 9.50% per annum on the stated amount, which is $100 per share of Series A Preferred Stock, regardless of whether or not declared or funds are legally available for their payment (the "stated amount"). Regular dividends on the Series A Preferred Stock will be payable when, as and if declared by BMNR's board of directors, out of funds legally available for their payment, weekly in arrears; provided that the Company may in the future elect, in its sole discretion, to pay regular dividends more frequently. Declared regular dividends on the Series A Preferred Stock will be payable solely in cash. In the event that any accumulated regular dividend on the Series A Preferred Stock is not paid on the applicable regular dividend payment date, then additional regular dividends ("compounded dividends") will accumulate on the amount of such unpaid regular dividend, compounded weekly at the compounded dividend rate. The Company will have the flexibility to elect to increase the payment frequency of regular dividends to be more often than weekly and, in the event that the Company so elects, the additional dividend rate increase per regular dividend period will be proportionately reduced to reflect such shorter regular dividend period such that the maximum aggregate additional dividend rate increase per annum is 260 basis points.
The compounded dividend rate applicable to any unpaid regular dividend that was due on a regular dividend payment date will initially be a rate per annum equal to 9.50% plus 5 basis points (based on a weekly regular dividend period); provided, however, that, until such regular dividend, together with compounded dividends thereon, is paid in full, such compounded dividend rate will increase by 5 basis points per annum (based on a weekly regular dividend period) for each subsequent regular dividend period, up to a maximum dividend rate of 15% per annum.
The Company will have the right, at its election, to redeem the Series A Preferred Stock, in whole or in part, at any time, or from time to time, for cash as follows: (i) from the original issue date until eighteen (18) months after the original issue date, at a redemption price equal to 110% of the stated amount per share; (ii) from eighteen (18) months to three (3) years after the original issue date, at a redemption price equal to 105% of the stated amount per share; and (iii) after three (3) years following the original issue date, at a redemption price equal to 100% of the stated amount per share; plus, in each case, accumulated and unpaid dividends thereon to, but excluding, the redemption date.
In addition, the Company will have the right to redeem all, but not less than all, of the Series A Preferred Stock if the total number of shares of all Series A Preferred Stock then outstanding is less than 25% of the total number of shares of Series A Preferred Stock originally issued in the offering and in any future offering taken together. The Company will also have the right to redeem all, but not less than all, of the Series A Preferred Stock if certain tax events occur. The redemption price for any Series A Preferred Stock to be redeemed in connection with a clean-up call or tax event will be a cash amount equal to the liquidation preference of the Series A Preferred Stock to be redeemed as of the business day before the date on which the Company sends the related redemption notice, plus accumulated and unpaid regular dividends to, but excluding, the redemption date.
If an event that constitutes a "fundamental change" under the certificate of designations governing the Series A Preferred Stock occurs, then holders of the Series A Preferred Stock will have the right to require BMNR to repurchase some or all of their shares of Series A Preferred Stock at a cash repurchase price equal to the stated amount of the Series A Preferred Stock to be repurchased, plus accumulated and unpaid regular dividends, if any, to, but excluding, the fundamental change repurchase date.
The liquidation preference of the Series A Preferred Stock shall initially be $100 per share. Effective immediately after the close of business on each business day after the initial issue date (and, if applicable, during the course of a business day on which any sale transaction to be settled by the issuance of Series A Preferred Stock is executed, from the exact time of the first such sale transaction during such business day until the close of business of such business day), the liquidation preference per share of Series A Preferred Stock will be adjusted to be the greatest of (i) the stated amount per share of Series A Preferred Stock; (ii) in the case of any business day with respect to which the Company has, on such business day or any business day during the ten (10) trading day period preceding such business day, executed any sale transaction to be settled by the issuance of Series A Preferred Stock, an amount equal to the last reported sale price per share of Series A Preferred Stock on the trading day immediately before such business day; and (iii) the arithmetic average of the last reported sale prices per share of Series A Preferred Stock for each trading day of the ten (10) consecutive trading days immediately preceding such business day; provided, however, that, if applicable, the reference in (iii) to ten (10) will be replaced by such lesser number of trading days as have elapsed during the period from, and including, the initial issue date to, but excluding, such business day. However, the liquidation preference will not be adjusted to an amount that is less than $100 per share.
BMNR has applied to list the Series A Preferred Stock on The New York Stock Exchange under the symbol "BMNP." If the listing is approved, BMNR expects trading to commence within 30 days after the date the Series A Preferred Stock is first issued.
Moelis & Company and Cantor are acting as joint lead bookrunners for the offering.
The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-288579), filed with the Securities and Exchange Commission (the "SEC") on July 9, 2025 (the "Registration Statement"). The offering will be made only by means of a prospectus supplement and an accompanying prospectus included in the Registration Statement. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is available on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement, together with the accompanying prospectus, can be obtained by contacting: Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, by phone: 1-800-539-9413, or Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, NY 10022, by phone: 1-212-938-5000, or by email: prospectus@cantor.com.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include, but are not limited to, statements relating to the size and timing of the offering, the anticipated use of any proceeds from the offering, the terms of the securities being offered, the payment of dividends, and the expected listing of the Series A Preferred Stock on the NYSE. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; and the future value of Bitcoin and Ethereum. Actual results and future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Any forward-looking statements contained in this press release speak only as of the date hereof, and BMNR specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
The post Bitmine Immersion Technologies Announces Proposed Series A Perpetual Preferred Stock Offering appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Ethereum is nearing an important support zone, with the momentum indicators hitting oversold levels after months of heavy selling pressure.
Ethereum is nearing an important support zone, with the momentum indicators hitting oversold levels after months of heavy selling pressure.
RSI values of around 30 indicate that momentum may be shifting to the downside around price levels.
Ethereum Rebound Outlook is in focus as ETH is near critical support levels, with technical indicators pointing to fading downside momentum, while traders are considering a near-term bounce.
Ethereum Tests Major Support After Extended Weakness
Ethereum has spent months moving within a persistent downward trend. Lower highs and lower lows have defined market structure. Selling pressure repeatedly limited recovery attempts throughout the correction.
The chart as of writing places ETH near the $1,850-$1,950 region. This area has attracted buyers several times previously. Market participants continue monitoring this zone closely.
Source: Coinmarketcap
Unlike earlier pullbacks, momentum conditions have changed noticeably. The recent decline arrived with indicators already nearing oversold territory. That distinction has increased attention on potential stabilization.
Price action also reflects a market searching for direction. Buyers remain active near support levels. Sellers, however, still control the broader trend structure.
Market Watches Oversold Conditions for Recovery Signals
A recent post on X from veteran trader Matthew Dixon outlined a constructive near-term outlook. The tweet suggested Ethereum may be approaching favorable support conditions. Dixon noted growing short-term bullishness following a broader crypto wash-out.
Source: X
The Relative Strength Index remains central to this assessment. RSI readings are hovering near the traditional oversold threshold. Such levels often appear when selling momentum begins fading.
Oversold conditions alone do not guarantee a rebound. However, they frequently coincide with improving risk-reward setups. Traders often watch these periods for signs of buyer reentry.
The chart's projected path points toward a near-term recovery. An upward arrow indicates expected short-term strength. This scenario would fit historical countertrend rallies during corrective phases.
Long-Term Cycle Debate Remains Unresolved
Despite near-term optimism, broader cycle concerns remain present. Dixon's analysis points toward a possible final low later this year. October was identified as a potential timeframe for that event.
Ethereum's behavior since February adds context to this view. Following a sharp decline, price entered an extended consolidation phase. Volatility moderated compared with earlier selling periods.
Sideways trading often reflects balance between buyers and sellers. It can also signal a transition within a larger market cycle. Participants continue evaluating whether accumulation is underway.
The longer-term outlook remains tied to future cycle development. According to the analysis, another decline could precede recovery. After that process, Ethereum could establish foundations for a move toward new all-time highs.
At present, Ethereum trades near $1,970 while testing important support. Short-term momentum conditions have improved relative to previous declines. The market now faces a critical period as traders assess whether support can generate a meaningful rebound before the broader cycle reaches its eventual low.
The post Ethereum Rebound Outlook Builds Near Key Support Zone appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.