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Taiwan’s Legislative Yuan passed the Virtual Asset Service Act on its third reading on June 30, moving crypto oversight beyond narrow anti-money-laundering rules.
The law rewrites how virtual asset service providers (VASPs) and stablecoin issuers operate, introducing licensing requirements, reserve rules, and criminal penalties.
Taiwan Lawmakers Pass Sweeping Crypto Regulation Law
The Financial Supervisory Commission (FSC) said the framework lifts supervision of virtual asset service providers (VASPs) from a money-laundering focus toward full operational and market-conduct standards.
The Act defines seven VASP categories, spanning:
Virtual asset exchanges
Trading platform operators
Transfer service providers
Custodians
Underwriters
Lending service providers
Other virtual asset service providers
The law requires VASPs to segregate customer assets and comply with internal control, cybersecurity, audit, and financial reporting requirements.
The Act grants a transition period to existing VASPs that completed anti-money laundering (AML) registration before the law takes effect, as well as financial institutions already providing virtual asset services under FSC regulations.
These entities must apply for an FSC license within 12 months of the Act’s implementation. They must also obtain regulatory approval and an operating license within 21 months. If necessary, the licensing deadline may be extended once by up to three additional months.
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Meanwhile, the Act also establishes regulatory requirements for stablecoin issuance. It requires entities seeking to issue stablecoins in Taiwan to obtain approval from the Central Bank of the Republic of China (Taiwan) and authorization from the FSC.
Furthermore, issuers must maintain full reserve backing for all issued stablecoins, place reserve assets in trust, undergo regular audits, and comply with periodic information disclosure requirements.
“At the same time, issuing stablecoins within the Republic of China will help Taiwan align with international standards and secure a place in the global virtual asset market, greatly benefiting the long-term, sound development of Taiwan’s virtual asset market,” the press release said.
Penalties escalate sharply for misconduct. Fraud or price manipulation carries a sentence of 3 to 10 years in prison, plus fines of NT$10 million to NT$200 million ($314,000 to US$6.3 million).
The Executive Yuan will determine when the legislation comes into force.
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The MiCA transition period and final deadline have ended, marking a decisive shift for the European crypto market. Only providers holding a valid license under the EU Markets in Crypto-Assets Regulation (MiCA) can now legally offer services across the European Economic Area.
The grace period that allowed unlicensed crypto service providers to keep operating is now gone. In the weeks leading up to the deadline, the European Securities and Markets Authority (ESMA) issued a final warning to unauthorized firms, telling them to wind down EEA operations before the cutoff.
MiCA just cleared out 90% of Europe's crypto firms. The 10% left standing are the ones writing the next rulebook.With a 20-person shop now facing the same compliance burden as a 3,000-person exchange, only 210 out of 2,700 firms survived the July 1 deadline.Huge thanks to…
— BeInCrypto (@beincrypto) June 30, 2026
A Single EU Rulebook Replaces 27 Markets
For the first time, a harmonized regulatory framework covers crypto-asset service providers across Europe. MiCA’s passporting principle means a single license obtained in one member state is valid throughout the entire EU.
This eliminates the patchwork of national regimes that previously required separate compliance efforts in each country.
For institutional investors, that clarity is critical. Regulatory uncertainty has kept many banks and asset managers on the sidelines of the digital asset space.
MiCA now sets explicit standards for custody, governance, and capital requirements, a framework that traditional financial institutions can actually plan around.
Simon Schneider, CEO of Sygnum Europe, describes the end of the transition period as a defining moment for the competitive landscape:
“The end of the transition period is a sorting moment: the market will increasingly consolidate around regulated players who can both operate at scale in terms of operational experience and regulatory compliance as much as innovative products and service. Bank-grade trust becomes a competitive moat under MiCAR.”
Market Consolidation Already Underway
The shakeout is well underway. Bybit restricted its platform for EEA users as Binance also scaled back its European presence.
On the other side, Coinbase opened a MiCA hub in Luxembourg covering all 27 EU states, and Ripple secured a preliminary CASP license in Luxembourg. Euro stablecoins hit record highs under MiCA, suggesting that regulatory clarity does attract capital.
For regulated providers already holding licenses and operational infrastructure, the new environment opens significant growth opportunities.
More than 5,000 banks across Europe have not yet offered digital asset services, largely due to the cost and complexity of building the required infrastructure safely.
Today, millions of European crypto users lose access to Binance and other exchanges.We built a dashboard to help you find a new home and compare MiCA compliant exchanges by:> Spot and perp markets> Onboarding bonuses> KYC> Liquidity depth> Feeshttps://t.co/6FMCaLeWyv pic.twitter.com/V5lbDaVUQT
— DefiLlama.com (@DefiLlama) July 1, 2026
MiCA’s clarity changes the calculus. For many, the realistic path may be through established regulated partners rather than building from scratch.
Schneider sees this as a structural shift in how trust and market access relate:
“As traditional and digital finance increasingly converge, trust will remain Europe’s most valuable currency. Direct access to the European market, powered by our global banking platform, will help us bring Sygnum’s trusted, secure services to more clients across Europe,” said the CEO of Sygnum Europe.
Whether MiCA delivers the expected acceleration in institutional crypto adoption will become clearer over the coming months. This is particularly true as MiCA-compliant stocks attract investor attention and banks decide whether to build, partner, or stay out entirely.

Christopher Delgado, the chief executive of Goliath Ventures, which drew at least $400 million from investors, has pleaded guilty to cryptocurrency fraud conspiracy.
Delgado was arrested on February 24, 2026, on wire fraud and money laundering charges. The 34-year-old admitted to conspiracy to commit wire fraud, wire fraud, and money laundering.
How the Goliath Crypto Ponzi Scheme Worked
Delgado led Goliath, formerly known as Gen-Z Venture Firm, as president and CEO. Prosecutors say he and co-conspirators operated the firm as a Ponzi scheme from January 2023 through January 2026.
He solicited investors to invest funds with false promises of monthly returns from cryptocurrency liquidity pools. In reality, funds from new investors were used to pay returns to earlier ones. The money was also directed to return principal to investors who requested it.
Delgado used referrals, marketing materials, luxury events, and charitable sponsorships to build credibility, according to thepress release.
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A Lifestyle Built on Investor Money
The scheme financed an extravagant personal lifestyle rather than any real trading strategy. Delgado bought at least six homes, each worth between $1.15 million and $8.5 million.
His purchases also included Lamborghinis, Rolls Royces, Rolex watches, dozens of Louis Vuitton bags, and custom Tiffany jewelry. He has admitted to causing at least $250 million in investor losses.
US Attorney Gregory Kehoe framed the case as a theft of investor savings.
“Delgado provided fraudulent information to solicit investor funds and then spent his ill-gotten gains on his extravagant lifestyle,” Kehoe said.
Delgado agreed to forfeit 8 properties, 11 vehicles, 30 watches, more than 50 luxury bags, and 29 pieces of jewelry, as well as seized bank and crypto accounts. He now faces up to 20 years in prison for each fraud count and another 10 years for money laundering.
The IRS Criminal Investigation unit and Homeland Security Investigations led the probe. Sentencing is set for October 8.
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Anthropic says internal testing found Claude Fable 5 posed no unique cybersecurity danger, as Claude Mythos 5 returns globally on July 2.
The admission accompanies Fable 5’s global relaunch, capping an 18-day suspension triggered by US export controls on June 12. Anthropic tested rival models to gauge the real threat behind the restriction.
Why Anthropic Suspended Fable 5
Fable 5 and Mythos 5 launched June 9, sharing the same core model with the former open to the public. Mythos 5 stayed limited to a small number of trusted Project Glasswing partners for defensive cybersecurity work.
The export controls arrived after Amazon researchers found a way to bypass Fable 5’s safeguards. The technique prompted the model to identify software vulnerabilities and, in one case, demonstrate an exploit.
Claude Fable 5 will be available again globally tomorrow.After a series of productive conversations with the US government, we're redeploying the model with a new set of classifiers to target and block more cybersecurity tasks. In the near term, some routine tasks like coding…
— Anthropic (@AnthropicAI) July 1, 2026
Anthropic’s tests found that Claude Opus 4.8, GPT-5.5, and Kimi K2.7 could identify the same vulnerabilities Fable 5 flagged in the Amazon report. Every model tested could reproduce the single exploit demonstration too.
The finding suggests the directive targeted a gap shared across the industry, not a Fable-specific threat. Anthropic still built a stronger classifier to block the technique, which now also flags more routine coding and debugging requests.
How The Guardrails Actually Work
Fable 5 launched with the strongest safety margin Anthropic has built into any model. Its classifiers block requests that look even slightly risky, not just the clearly harmful ones. The new classifier trained after the Amazon report blocks the reported bypass in over 99% of cases, according to Anthropic. Blocked requests now reroute automatically to Opus 4.8.
That safety margin comes at a cost. Anthropic acknowledges the classifier flags more benign coding and debugging requests, and says it will keep tuning it to cut false positives. Mythos 5, which carries fewer of these guardrails, returned only for Mythos 5 institutions cleared by the government on June 26.
Anthropic’s own data raises a harder question. If weaker models can already do what Fable 5 was banned for, what standard will regulators apply the next time a frontier model launches?

Changpeng Zhao failed to reserve his preferred username during WhatsApp’s global rollout this week. The mishap shows how easily scammers could exploit recognizable names as the app drops phone numbers as its main identifier.
CZ, Binance’s former chief executive, ranks among crypto’s most recognized public figures. His failed claim illustrates a broader risk facing WhatsApp’s new system.
WhatsApp’s Username Debut Draws Scam Warnings
WhatsApp began letting users reserve custom usernames this week, replacing phone numbers as the main way to connect.
WhatsApp said creators, small businesses, and organizations can claim their existing Instagram or Facebook username on the app. An optional username key adds protection, but WhatsApp’s first-come first-served rollout means unclaimed handles remain open to whoever registers first.
WhatsApp also plans to rate-limit new contacts and block repeated attempts to guess a username’s key. The measures target the exact abuse patterns Telegram struggled to contain.
Scammers can also exploit lookalike characters, swapping a capital I for a lowercase l. The trick is nearly impossible to spot without comparing handles side by side.
Tried, couldn't reserve that name. So, definitely not me. 🤣 https://t.co/s779rWSSlY
— CZ 🔶 BNB (@cz_binance) June 30, 2026
WhatsApp Users Chase Premium Usernames for Future Profit
A growing number of users are trying to reserve sought-after WhatsApp usernames early. The behavior mirrors the hype already seen on Telegram, where early adopters fetched seven-figure sums for prominent handles.
Telegram founder Pavel Durov said in July 2025 that an early “@crypto” handle drew a $25 million offer. 2025 data shows “@news” sold for $5.8 million. Some users now hope that famous brands, celebrities, and crypto terms reserved early on WhatsApp could carry similar value.
WhatsApp usernames are free to reserve directly in the app. Meta has not built a marketplace for buying or selling them. That gap, unlike Telegram’s tokenized Fragment platform, could limit how much resale value ever materializes.
What Users Can Do to Protect Themselves
CZ’s experience highlights what is at stake as impersonation scams change. One recent impersonation-based staking scam already resulted in a criminal sentence, showing regulators are paying attention.
Security researchers recommend enabling WhatsApp’s optional username key manually, since Meta leaves it off by default. Without it, anyone who learns a username can message that person on the first attempt.
Enabling the key requires a four-digit code before a stranger can reach out. Experts also recommend watching for lookalike characters, since a reserved username alone does not confirm authenticity.
The safest approach is to confirm any high-profile contact through its official, verified account before trusting a message.
What Happens Next for WhatsApp Users
Crypto users already face elevated fraud risks this year. June’s hack losses show attackers continue to target both platforms and individuals. This impersonation risk echoes a broader industry debate, including the long-running quantum risk debate over emerging threats to digital trust.
WhatsApp’s wider username rollout is still weeks away, giving Meta time to add safeguards. Whether those measures arrive before scammers adapt remains the key question for the platform’s three billion users.

Bitcoin (BTC) buyers in the United States have gone quiet. The Coinbase Premium Index, a gauge of US Bitcoin demand, has stayed negative since May 6, its longest weak stretch in more than a year.
The signal matters because it shows who is stepping back. A negative premium means American investors are paying less for BTC than the rest of the market. That helps answer why is Bitcoin going down.
What the Coinbase Premium Is Showing
The index tracks the price gap between US-based Coinbase and offshore exchanges. When it turns negative, US Bitcoin demand is fading. When it climbs, American buyers are leading.
Coinbase Premium Index: CryptoQuant
Right now it is stuck below zero. The current negative premium streak began on May 6, with Bitcoin near $81,429, and has held for roughly eight weeks. That is the longest such run since early 2025.
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Since then, the Bitcoin spot price has slid toward $59,500, down about 27% and still falling.
Where Is Bitcoin Money Going
The weak US Bitcoin demand lines up with a historic move in stocks. American money is not sitting idle. It is chasing chips.
The semiconductor index has beaten the S&P 500 by about 85 percentage points this year, its widest first-half lead on record, according to Kobeissi. That tops the dot-com peak of 2000.
US chip stocks are on a historic run:The semiconductor index, $SOX, has outperformed the S&P 500 by +85 percentage points year-to-date, on pace for the best half-year outperformance in history.This would exceed the previous record set during the Dot-Com Bubble in H1 2000 by… pic.twitter.com/Qdah3TVmgr
— The Kobeissi Letter (@KobeissiLetter) June 30, 2026
Chips now dominate the market. Semiconductors make up roughly 18% of the S&P 500 and have driven close to 70% of its 2026 gains, data shows. Micron has jumped about 300% and SanDisk more than 760%.
The rotation is visible in fund flows. Since April, US gold and Bitcoin ETFs have lost about $12 billion, while chip ETFs pulled in around $20 billion.
Retail investors appear to be rotating out of gold and Bitcoin into semiconductor stocks:Since April, US gold and Bitcoin ETFs have posted -$12 billion in cumulative outflows.Over the same period, US semiconductor ETFs have attracted +$20 billion in cumulative inflows.This… pic.twitter.com/VHuDTB0nyN
— The Kobeissi Letter (@KobeissiLetter) June 27, 2026
BlackRock’s iShares Bitcoin Trust (IBIT), the largest bitcoin fund, led June’s record ETF outflows, the worst month since spot ETFs launched.
The January Warning
This is not the first time US Bitcoin demand vanished this year. The pattern already played out once.
Bitcoin’s premium turned negative around January 15, when BTC traded near $95,583. By the time that streak ended on February 24, Bitcoin had crashed to about $64,100.
Coinbase Premium Index January: CryptoQuant
That was a drop of roughly 33% in six weeks. The current slump is longer and shows the same fading US demand.
One Caveat Before the Panic
There is a catch to the rotation story. Bitcoin and the Nasdaq usually move together, with a six-month correlation near 0.46. That link normally means both rise and fall on the same macro forces.
BTC-NASDAQ Correlation: Charlie Quant Lab
This year, though, the two have split but the correlation stays intact. Bitcoin is down about 33% in 2026, while the tech sector has gained more than 20% in the first half.
Tech 6-Month Performance: FinViz
The reason for the gap points straight back to chips. Semiconductors drove close to 70% of the market’s 2026 gains, so this tech rally is really a chip rally. In other words, the asset class Bitcoin usually tracks is being lifted by the exact sector US buyers are moving into.
That is why the split matters. When a normally correlated pair breaks apart this far, capital moving from one into the other is the simplest explanation.
What Happens Next
Bitcoin’s next move may hinge on US buyers. If the premium stays negative and chip inflows continue, the path of least resistance points lower for BTC. The January-February price slump of 33% shows that BTC can still correct further.
Yet, a flip back to positive would be the first real sign that domestic BTC demand is returning. Until then, the January script remains the one to watch.

Jim Cramer has named the 5 stocks he believes are best positioned to benefit from the artificial intelligence (AI) spending cycle, pointing to several chip suppliers as the market’s current winners.
Cramer argued that Wall Street is rewarding companies that supply the AI boom while punishing the Big Tech giants that fund it.
The Stocks Cramer Says Will Win
Cramer described Micron Technology (MU), Sandisk (SNDK), Intel (INTC), Marvell Technology (MRVL), and Advanced Micro Devices (AMD) as the quarter’s biggest gainers.
According to him, “supply-demand imbalance” has boosted earnings growth, leading analysts to issue a wave of upgrades and lift price targets for companies across the group.
The numbers behind the memory names are extreme. Micron reported fiscal third-quarter revenue of $41.5 billion. Furthermore, it briefly topped Meta in market cap at $1.4 trillion. Bank of America has also lifted its Micron target to $1,500 from $950.
Meanwhile, other firms have also experienced notable growth. The company posted $5.95 billion in fiscal third-quarter revenue, up 97% from the prior quarter.
The stock has rallied roughly 4,800% over 12 months on AI-driven NAND demand. Citi set a $2,500 price target with a Buy rating.
Intel follows with steadier numbers, reporting first-quarter revenue of $13.6 billion, up 7% year over year. Cramer named it his new favorite.
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Why Suppliers Are Beating Big Tech
Cramer explained that demand for compute has outrun supply, driving up the cost of memory chips and networking gear. That dynamic has rewarded the sellers rather than the hyperscalers writing the checks.
“Wall Street’s now rewarding tech companies with products in high demand and punishing their customers,” he said.
The pressure shows in the tape. The Magnificent 7 shed roughly $2.3 trillion in market value during June. The drop came as investors questioned whether record AI spending would generate enough profit to justify it.
Even Nvidia (NVDA), a core supplier of AI compute, has lagged the rally. Cramer attributed the drag to concerns that custom chip competition would eat into its dominance.
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Cleveland Federal Reserve President Beth Hammack said that insatiable demand for artificial intelligence (AI) infrastructure could be inflationary.
Hammack, a voting member of the Federal Open Market Committee (FOMC) this year, warned that interest rates may need to rise if broader price pressures do not ease.
Why the Cleveland Fed Chief Sees Higher Rates on the Table
Hammack framed her rate stance around broad, persistent inflation. She noted that inflation has been “too high” for the past five years. If that continues, she added, the Fed may need higher interest rates to bring it back to target.
“When I look at policy, if that continues, it may mean that we need higher interest rates to bring inflation back down to target,” Hammack told CNBC.
While acknowledging that higher energy prices have contributed to headline inflation, Hammack stressed that core inflation, which excludes the more volatile food and energy categories, has also stayed elevated.
Her comments align with the latest economic data. Core personal consumption expenditures (PCE), the Federal Reserve’s preferred inflation gauge, rose 3.4% year-over-year in May. This marked its highest annual reading since October 2023.
Support for tightening extends beyond Hammack. Minneapolis Fed President Neel Kashkari stated that he expects one hike in 2026, with cuts off the table for now.
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AI Spending Meets a Broad-Based Price Problem
Hammack identified AI spending as one potential contributor to price pressure.
“What they say is that the demand is insatiable, that these companies, these hyperscalers, will pay almost any price for those inputs, and they need things built yesterday,” she commented.
However, she acknowledged the effects could run in both directions. Hammack also mentioned that the broader picture spans energy, electricity, insurance, and supply-chain strains tied to the closure of the Strait of Hormuz.
Previously, Binance Research made a similar warning, flagging AI-driven chipflation as an underpriced inflation driver,
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Cryptocurrency corporations have spent $189 million on the 2026 US midterm elections, roughly 37% of all reported corporate election spending, according to a Public Citizen report.
The figure keeps crypto ahead of every other industry in funding federal races this cycle. It reflects a strategy the sector introduced in 2024 that other industries now imitate.
Crypto Leads The Corporate Spending Surge in 2026 Elections
Total corporate spending on the 2026 midterms reached $517 million, according to the watchdog group. That marks a 12% rise over the $461 million corporations spent across the entire 2024 cycle.
“In the 2026 midterm elections, corporate money is poised to play a bigger role than ever before in influencing how Americans vote,” the report read.
Crypto’s $189 million exceeded the combined totals from artificial intelligence and Big Tech firms at $60 million and online betting companies at $45.6 million. Together, these sectors contributed $294 million, or 57% of all corporate spending so far.
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Corporate Crypto Spending in 2026 Elections. Source: BeInCrypto/Public Citizen
The report frames the trend as a copycat effect. Crypto firms pioneered the model of routing large sums into sector-focused super PACs during the last presidential cycle. AI and gambling companies have since built their own versions.
Where the Crypto Money Went
Fairshake, the crypto-aligned super PAC, received $82 million in corporate contributions. That sum represents 60% of its total 2026 receipts of $135 million.
The Trump-backing MAGA Inc. super PAC drew a separate $56.2 million from crypto donors. Ripple Labs and Coinbase steered $81.5 million toward Fairshake, while Crypto.com, Gemini, and Blockchain.com directed funds to MAGA Inc.
Crypto.com operator Foris Dax alone gave $35 million to MAGA Inc., making it the largest single corporate backer of that committee across all industries. The Winklevoss twins funded a separate Republican-only vehicle, the Digital Freedom Fund, with $21.3 million.
Public Citizen notes that its total likely undercounts real spending, since dark-money groups and state-level contributions escape federal disclosure rules.
Voter Interest Tells a Different Story
The spending contrasts sharply with public sentiment. A Politico poll conducted with Public First found only 4% of Americans weigh a candidate’s crypto position when voting. Just 18% want Congress to prioritize crypto rules.
Another survey found that 41% of respondents said special interest groups hold too much political influence. Whether that skepticism converts into ballot-box pressure against heavily funded candidates remains an open question for November.
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US-listed Bitcoin (BTC) exchange-traded funds (ETFs) recorded $4.5 billion in net outflows during June 2026. This was the worst monthly figure since the products launched in January 2024.
The redemptions coincided with a sharp price decline. Bitcoin fell 20.48% over the month, its steepest monthly drop since June 2022, when the asset shed 37.28% during that cycle’s collapse.
IBIT Leads the Institutional Retreat
June’s outflows broke the previous monthly record of $3.56 billion, set in February 2025 during an earlier stretch of market stress.
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Bitcoin ETF Monthly Flows. Source: SoSoValue
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the bulk of the outflows. The fund alone shed $3.55 billion, close to 79% of the category’s total redemptions.
That concentration is striking. IBIT’s single-fund outflow nearly matched the entire category’s prior monthly record on its own.
The price data reinforces the pressure. Bitcoin closed four of 2026’s first six months in negative territory, with June’s 20.48% decline the deepest of the year.
How Crypto ETFs Performed in June 2026
The weakness extended beyond Bitcoin, though the scale varied across categories. Ethereum (ETH) ETFs posted $528.99 million in June outflows, SoSoValue data showed.
Solana (SOL) ETFs recorded net outflows of roughly $786,580. The figure is small, but it marks the first monthly outflow for Solana ETFs since their launch, ending a run of positive months.
Top Crypto ETFs Performance in June. Source: BeInCrypto
Not every category turned negative. XRP (XRP) ETFs drew $59.46 million in net inflows during June, holding positive despite the broader downturn.
Hyperliquid (HYPE) ETFs led the group with $161.05 million in inflows, the strongest June showing across the products.
The split suggests capital rotated within crypto rather than exiting entirely. Newer altcoin products absorbed fresh money even as the two largest categories saw sustained redemptions.
Whether that rotation hardens will depend on how Bitcoin trades in July, since a price rebound could pull capital back toward the incumbents.
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Abivax shares surged over 38% on June 30, 2026, after new Phase 3 data eased cancer-safety fears that had erased 43% of the French biotech’s value earlier in June.
The rally follows fresh results for obefazimod, Abivax’s lead ulcerative colitis drug. The data showed durable remission with no new safety signals.
A Reversed Safety Signal
Abivax’s stock crashed 43% on June 2. Early trial data had shown a rise in malignancies among patients taking obefazimod.
The company released new Phase 3 data on Sunday, June 28, covering patients who failed initial treatment. Researchers found malignancy rates within the range doctors typically see in ulcerative colitis patients. The update calmed the safety concern that triggered the June 2 sell-off.
The cancer concerns, and subsequent update are visible on the stock’s 1-month chart. Image Source: Trading View
Among patients who failed initial treatment, 37.2% reached clinical remission and 34.5% reached endoscopic remission at week 44. Those results reinforced the drug’s efficacy case in harder-to-treat patients.
Abivax shares have now climbed more than 1,730% over the past year.
Wall Street Splits on the Risk
Analysts did not agree on how much risk remains. Citizens raised its Abivax price target to $187 and kept its Outperform rating, pointing to the drug’s placebo-adjusted remission benefit.
Wedbush took a more cautious view. The firm upgraded Abivax from Underperform to Neutral but cut its price target to $90. Wedbush cited lingering malignancy questions at the 50 mg dose as a regulatory risk.
Abivax still plans to file a new drug application with the FDA in the fourth quarter of 2026. That filing will keep the stock sensitive to any additional safety data before then.

Wedbush initiated coverage of SpaceX (SPCX) with an Outperform rating and a $190 price target. The firm called SpaceX an artificial intelligence infrastructure play, not a traditional space business.
Wedbush’s Global Head of Tech Research, Dan Ives, made the case on CNBC’s Fast Money. He argued SpaceX’s AI compute business could make it one of the market’s top long-term hyperscaler bets.
Ives Builds His SpaceX Bull Case
The $190 target implies about an 11% upside from SPCX’s close on Tuesday at $170.86. Wedbush values SpaceX with a sum of the parts model. AI compute forms a major piece of that long-term thesis.
“It’s much more of an AI play, and that’s our whole view from a data perspective.”
Dan Ives, CNBC
Ives admitted the stock looks expensive against current revenue. He said execution over the next two to three years could make SpaceX one of the market’s best AI plays.
SpaceX is much more of an AI play, well-positioned to become major hyperscaler, says Wedbush’s @DivesTech $SPCX https://t.co/Sa5wSKpHV7
— CNBC's Fast Money (@CNBCFastMoney) June 30, 2026
SpaceX is heading toward Nasdaq 100 inclusion. Shares recently tested a critical support level after the company’s record IPO. A later bond sale prompted some bubble warnings.
Starlink Still Anchors the SpaceX Bull Case
Starlink remains SpaceX’s real engine. The satellite broadband unit brought in roughly $11.4 billion in revenue last year, about 61% of the company’s total, and turned a solid operating profit even as SpaceX posted a net loss overall.
Wedbush’s $190 target leans heavily on Starlink’s recurring subscriber revenue and expanding margins, with the launch business and the newer AI unit layered on top.
Launch is the strategic moat, not the profit driver. Falcon 9 dominates the global launch market, and Starship aims to cut costs further by carrying more satellites per flight. But the segment brings in far less revenue than Starlink, and most of its launches simply deploy SpaceX’s own satellites rather than generate outside sales.
That breakdown is why investors are watching Starlink’s subscriber growth and margins so closely. If that business keeps scaling, it can carry a large share of SpaceX’s valuation on its own, with AI infrastructure adding upside rather than shouldering the entire bull case.

Crypto platforms lost roughly $75.87 million to 40 hacks in June 2026, according to security firm PeckShield.
The monthly total reinforces a familiar pattern for the sector, where bridges, smart contracts, and compromised keys remain the most common failure points.
Humanity Protocol Exploit Tops June Crypto Hacks
According to PeckShield, June’s figure marks a 7.13% decline from May’s $81.7 million. The Humanity Protocol breach headlined June with over $30 million in losses. Attackers compromised private keys that had been backed up to a malware-infected developer machine.
According to Quantstamp, the attacker relied on tooling and techniques commonly associated with North Korean hacking groups.
The exploiter has since laundered proceeds across multiple networks, including Bitcoin (BTC), Solana (SOL), Hyperliquid (HYPE), and BNB Chain.
These funds have also been commingled with proceeds linked to the KelpDAO exploiter, suggesting a potential overlap between the threat actors behind both incidents,” the security firm said.
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Biggest Crypto Hacks in June 2026. Source: BeInCrypto/PeckShield
Syscoin Bridge followed with a $10 million loss after an attacker minted unauthorized SYS tokens. The JaredFromSubway.eth Maximal Extractable Value (MEV) bot lost $7.5 million, while Secret Network was drained for $4.67 million.
Aztec Products Hit Despite Years of Dormancy
Two separate attacks targeted Aztec-linked products within the month. Aztec Payments Product lost $2.16 million, and Aztec Connect lost $2.1 million, for a combined total near $4 million.
Both products had been deprecated years earlier, and Aztec Labs said it held no control over the affected systems.
We are investigating a potential exploit affecting a deprecated Aztec payments product from 2021. ~$2m was transferred from the immutable smart contract in transaction:https://t.co/FS4JoNnfiJThe deprecated product is an immutable stage 2 rollup that was sunset in 2022.…
— Aztec Labs (@AztecLabs_) June 18, 2026
Other June incidents included Polymarket users losing $3 million after reportedly being targeted in a phishing campaign, along with $2.4 million in losses for SecondFi and TESSERA. The Taiko Bridge exploit closed out the top 10 at $1.7 million.
With both deprecated code and cross-chain laundering in play, June showed that old contracts remain in attackers’ crosshairs long after teams walk away.
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The EU’s Markets in Crypto-Assets regulation hits its final deadline today, July 1. Licensed exchanges are pulling Tether’s USDT from their platforms. Circle is stepping into the gap.
The split falls cleanly along regulatory lines. One issuer spent years building toward this deadline. The other bet Europe wasn’t worth the compliance cost.
Why Circle Is Walking Away With Europe
Circle prepared for this moment years in advance. The company secured MiCA compliance for both USDC and its euro-denominated EURC. Among the top ten stablecoins by market cap, Circle is the only issuer that cleared that bar.
Tether never applied for the e-money-token authorization MiCA requires. That decision now locks its roughly $185 billion USDT out of licensed European exchanges.
Stablecoins represent one of the largest market opportunities in the world as the internet transforms the infrastructure for storing and moving money. We deeply believe in this, and it’s why we both founded Circle and why we’ve invested to build the largest regulated stablecoin…
— Jeremy Allaire – jerallaire.arc (@jerallaire) June 30, 2026
Tether’s decision wasn’t an oversight. CEO Paolo Ardoino has publicly defended the company’s stance, arguing that MiCA’s requirement to hold 60% of e-money token reserves in European bank deposits introduces its own risk. Rather than restructure its reserve model to meet that bar, Tether’s leadership has chosen to prioritize markets outside the EU.
The timing sharpens Circle’s advantage. A day before the deadline, BNY (Bank of New York Mellon) confirmed it made USDC the first stablecoin on its Digital Asset Custody platform.
Institutional clients can now store, transfer, mint, and burn USDC there. Together with the EU exchange shift, the move gives Circle regulatory validation on two continents in the same week.
A Business Story, Not Just a Compliance One
The shakeout extends well beyond stablecoins. Of the roughly 1,200 virtual-asset firms that held pre-MiCA national registrations across the EU, only around 210 converted to full CASP authorization, a conversion rate near 17%.
The more durable story is what Circle built toward for years. Regulated venues can no longer route liquidity through USDT, and Circle stands ready to absorb it. Tether may still seek authorization someday, but nothing signals that shift is coming.
The real test arrives over the next few weeks: how much EU trading volume actually migrates to USDC.

A $1,000 bet on the S&P 500 in July 2021 now beats the same bet on Bitcoin (BTC). Stocks won even though Bitcoin took the wilder ride.
Many proponents of Bitcoin have pointed to the digital’s asset’s performance against traditional investment vehicles over the years. However, with Bitcoin now way below 50% of its all time high, more steady investments are overtaking.
The Numbers
Bitcoin closed at $35,171 on July 1, 2021. It sits at around at $58,811 as of writing. That marks a gain of about 68%.
Bitcoin trails the S&P 500 over 5 years but still beats it over 10, a stretch in which the index gained 267%. Image Source: Trading View
The S&P 500 closed at 4,319.94 on July 1, 2021. It closed at 7,499.36 on June 30, 2026. That marks a gain of about 74%.
The S&P 500’s growth over the same period has been much more steady. Image Source: Trading View
A $1,000 stake in the S&P 500 grew to roughly $1,736. The same $1,000 in Bitcoin grew to roughly $1,676. Stocks came out around $60 ahead.
Stocks Won With a Much Smoother Ride
Bitcoin’s return looks unremarkable next to the risk it carried. Bitcoin rallied to nearly $69,000 in November 2021. It then crashed below $17,000 during the 2022 crypto winter. It surged past $120,000 in 2025 then slid back below $60,000 most recently.
The S&P 500 never came close to that kind of swing. Its worst drawdown in the same stretch hit about 25% in 2022, a fraction of Bitcoin’s peak-to-trough loss.
Bitcoin has beaten the index by far wider margins over longer stretches. Back in 2019, BeInCrypto reported a 250,000% Bitcoin gain since 2011, against a 147% gain for the S&P 500 over the same span.
This time, Bitcoin’s extra volatility didn’t pay off. Investors took on far more risk and still finished behind stocks.

Iran refused to meet US envoys Jared Kushner and Steve Witkoff in Doha on Tuesday June 30. Oil prices rose as ceasefire hopes dimmed in the ongoing war.
Qatar’s prime minister met the Americans in Doha instead of Iranian officials. Iran’s Foreign Ministry said Hormuz mine clearance falls under June’s memorandum of understanding (MoU) and needs no outside help, according to Al Jazeera.
Why Tehran Is Staying Away From Doha
Alex Vatanka, a senior fellow at the Middle East Institute, said Iran’s foreign minister, Abbas Araghchi, and speaker Mohammad Bagher Ghalibaf fear a Doha visit could backfire at home. Both officials want visible progress on the MoU signed June 17 first.
“In Tehran they’re asking where’s the action on the MoU? Why are Iranian assets still frozen? Why is Israel still in Lebanon?”— Alex Vatanka, Al Jazeera
Ghalibaf said Tehran will not negotiate a final deal until Washington meets every MoU condition. Those conditions include unfreezing Iranian funds and ending hostilities in Lebanon. Iran signed the memorandum on June 17, but says Washington has not met these terms yet.
Oil Climbs as Hormuz Risk Lingers
Brent crude peaked at $74.75 a barrel on Tuesday before settling to $73.29 early on Wednesday as traders keep close tabs on Iran’s dealings with the US envoys. Brent had briefly dipped after supertankers resumed Hormuz transit last week.
Oil prices are on watch as the fragile negotiations between the US and Iran stumble. Image Source Trading Economic
Vice President JD Vance said tanker traffic through the strait has reached pre-war levels. He also said Iran will not collect tolls from ships passing through Hormuz.
“This is not going to end in a place where the Iranians are collecting tolls on ships going through the Strait of Hormuz.”— JD Vance, Reuters
US crude inventories fell 6.1 million barrels last week. The International Energy Agency warned in May that global markets would stay undersupplied through the third quarter of 2026.
Brent lost about $45 a barrel between the first and second quarters, its steepest quarterly drop since 2008. WTI fell around $31 in the same period, its biggest drop since 2020. Both benchmarks reversed course as the war de-escalated, pulling back from gains triggered by earlier Iran strikes.

The United States just lifted export controls on Anthropic’s Claude Fable 5 and Mythos 5. The Commerce Department cleared both models on June 30, paving the way for a swift restoration of full global access starting July 1.
The resolution ends nearly three weeks of tense negotiations between Anthropic and the White House.
We’ve received notice that the Department of Commerce has lifted export controls on Claude Fable 5 and Mythos 5.We'll begin restoring access tomorrow, and will share an update soon.We’re grateful to our users for their patience, and to everyone who worked with us on…
— Anthropic (@AnthropicAI) June 30, 2026
What the Lifted Export Controls Actually Mean
An export control is a US rule that restricts who can access sensitive technology, including advanced AI models, for national security reasons. The Commerce Department imposed one on Claude Fable 5 and Mythos 5 shortly after the models launched. It has now been formally reversed.
The original directive landed on June 12, just three days after the models went live on June 9. Furthermore, it cited national security concerns reportedly linked to potential jailbreaks of the model. As a result, Anthropic suspended access for foreign nationals worldwide across every product surface.
The rule caused immediate operational chaos. Segmenting users by nationality in real time proved impossible in practice. Consequently, Anthropic took both models entirely offline for customers on Claude.ai, the API, AWS Bedrock, and other partner platforms until the situation could be resolved.
The company confirmed the reversal directly. “We’ve received notice that the Department of Commerce has lifted export controls on Claude Fable 5 and Mythos 5. We’ll begin restoring access tomorrow, and will share an update soon,” Anthropic posted on June 30.
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🚨BREAKING: U.S. Commerce Sec. Howard Lutnick sends a third letter to AnthropicFABLE 5 AND MYTHOS 5 OFFICIALLY UNBANNEDAnthropic WON. pic.twitter.com/FUuu9Y24z2
— NIK (@ns123abc) July 1, 2026
Why Claude Fable 5 and Mythos 5 Matter So Much
Claude Fable 5 is Anthropic’s most capable, widely available model. It is built on the powerful Mythos-class architecture but ships with enhanced safeguards for general use. Furthermore, it excels at demanding reasoning tasks, long-horizon agentic work, software engineering, and advanced vision capabilities.
Mythos 5 targets more sensitive workloads. The model shares the same underlying architecture but includes enhanced safeguards for cybersecurity applications. Moreover, access was originally reserved for trusted partners through Project Glasswing across high-stakes government and enterprise deployments.
Over the past two weeks, we have worked closely with Anthropic to analyze and approve Fable 5 to ensure alignment across the US Government and strengthen America’s leadership in AI. https://t.co/PtVJWyQ9kH
— Howard Lutnick (@howardlutnick) June 30, 2026
Pricing keeps both models competitive across the industry. Anthropic charges $10 per million input tokens and $50 per million output tokens. Additionally, built-in classifiers automatically route high-risk queries to safer fallbacks, especially on cybersecurity and biology-related tasks across every product surface.
The resolution highlights a broader shift in the AI industry. Anthropic held intensive talks with Commerce Department and White House officials throughout the standoff. As a result, the swift lifting signals both effective advocacy and a maturing regulatory framework for advanced AI systems nationwide.
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Nearly 1,700 UK investors have sued Binance and founder Changpeng Zhao (CZ) in London’s High Court, seeking at least £150 million ($200 million) over crypto derivatives they say were sold unlawfully.
The claimants argue the exchange marketed risky leveraged products to retail traders from late 2019 without proper authorization. Some say they lost tens of thousands of pounds when those bets turned against them.
The Binance UK Lawsuit Tests Who Pays
The case reaches beyond one exchange. It revives a question crypto has long avoided. When an unlicensed platform sells high-risk products, who absorbs the losses, the platform or the trader? It is a gap UK crypto oversight has not closed.
Britain’s Financial Conduct Authority (FCA) banned retail crypto derivatives in January 2021. It cited extreme volatility and a high risk of sudden losses. The regulator estimated the ban would save retail consumers around £53 million ($70 million).
The claimants say Binance pushed such products around that ban, breaching the Financial Services and Markets Act.
That statute may matter more than any risk warning. Under it, deals arranged by an unauthorized firm can be ruled unenforceable, letting clients reclaim their money and losses.
The real question is whether buyer beware can survive when the seller broke the rules. Britain already forced Binance to restructure under UK financial promotion rules in 2023.
Defenders of open trading say adults chose leverage with full warnings. Critics counter that an unauthorized seller cannot hide behind the risks its customers accepted.
Binance Digs In for a Long Fight
Binance has vowed to defend the claim. A spokesperson told Reuters the exchange honors its legal duties.
“Binance remains committed to its obligations to users and to operating in accordance with applicable law.”
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The allegations echo earlier ones. In 2023, the US Commodity Futures Trading Commission charged Binance and CZ with running an illegal derivatives exchange.
Regulators said it courted American users it had claimed to block. Months later, both pleaded guilty in a $4.3 billion settlement, the largest the crypto sector had seen.
The London claim names Cayman-registered Binance Holdings, UAE-based Nest Exchange, and unnamed operators.
CZ, pardoned in the US last year, is named personally. Even so, that structure could make any UK judgment hard to enforce.
The timing is awkward. The claim lands just as Binance exits Europe after its EU license bid failed, leaving its main authorization in the UAE.
Should the court void these deals, buyer beware may no longer protect exchanges that sold unauthorized products. The precedent would reach past Britain.
For an industry built on caveat emptor, that is the real verdict, even if compensation takes years.

President Donald Trump has disclosed hundreds of millions of dollars in cryptocurrency-related income, offering the clearest picture yet of how central digital assets have become to his business interests.
The filing, released just one day after a landmark U.S. Supreme Court ruling expanded presidential authority over independent federal agencies, is expected to draw fresh attention to Trump’s growing role in both the crypto industry and the regulatory landscape.
US Government Releases Trump’s Financial Disclosures Trump’s Crypto Business Delivers Massive Windfall
A newly released U.S. government financial disclosure shows Trump earned more than $600 million from crypto ventures, reported over $100 million in Bitcoin and Ethereum holdings, and generated substantial proceeds from token sales linked to World Liberty Financial.
According to the disclosure, Trump reported approximately $635 million in royalties tied to his meme coin, making it one of the largest publicly disclosed crypto-related income figures by a sitting U.S president.
The filing also shows Trump received more than $500 million in proceeds from crypto token sales associated with World Liberty Financial, the decentralized finance platform backed by members of the Trump family and business partners.
In addition, Trump disclosed more than $100 million in cryptocurrency holdings, including Bitcoin (BTC) and Ethereum (ETH), further highlighting his direct exposure to the digital asset market.
The figures reflect how Trump’s crypto portfolio now spans meme coins, decentralized finance, token offerings and blue-chip cryptocurrencies.
Filing Also Reveals Media Settlement Income
Beyond cryptocurrency, the financial disclosure reports more than $80 million in income from settlements with media companies, adding another significant revenue stream to Trump’s latest financial filings.
While crypto accounted for the largest headline figures, the filing illustrates the diversity of Trump’s income sources, ranging from digital assets and licensing agreements to legal settlements.
Disclosure Comes After Major Supreme Court Ruling
The disclosure arrives less than 24 hours after the U.S. Supreme Court ruled that presidents have broader authority to remove commissioners from independent federal agencies.
The decision is widely expected to reshape oversight across agencies that influence cryptocurrency markets, placing additional focus on Trump’s financial interests in the sector as his administration continues to pursue pro-crypto policies.
“This Decision gives tremendous additional Power back to the Presidency, where it belongs. It is an Honor to be the sitting President who, after all these years, WON this very important, and hard fought, Case,” Trump remarked on Truth Social.
The timing of the two developments has intensified investor interest, as the president’s expanding crypto portfolio coincides with a changing regulatory framework.
What It Means for Crypto Markets
Trump has positioned himself as one of the cryptocurrency industry’s strongest political supporters, backing policies aimed at making the United States a global hub for digital assets.
His latest financial disclosure reinforces how closely his personal business interests are now tied to the sector.
With substantial income from meme coins, token sales and direct cryptocurrency holdings, investors are likely to pay even closer attention to future policy announcements and regulatory appointments affecting digital assets.
The financial disclosure is expected to fuel debate over cryptocurrency regulation, transparency and potential conflicts of interest as Congress and federal agencies continue shaping digital asset policy.

Binance just expanded its bStocks offering, its tokenized versions of selected US stocks. The exchange now supports Microsoft, Meta, Palantir, Lumentum, and the Invesco QQQ Trust as tokenized 1:1 US securities.
The move arrives as bStocks crossed $100 million in assets only two weeks after launch. The push reshapes how global crypto users access frontier tech equities around the clock.
What the New Binance bStocks Additions Bring
A bStock is a tokenized 1:1 US security issued on Binance through Binance Group affiliate BTech Holdings. The tokens track the price of their underlying stocks. Furthermore, holders can trade them 24/7 and convert them instantly into direct stock positions at no cost.
The latest expansion added five new tickers on June 30. These include Microsoft (MSFTB), Meta (METAB), Palantir (PLTRB), Lumentum (LITEB), and the Invesco QQQ Trust (QQQB). Moreover, all five trade against USDT pairs and unlock new tech and ETF exposure for global users.
Trading on the LITEB/USDT, METAB/USDT, MSFTB/USDT, PLTRB/USDT, and QQQB/USDT pairs went live on June 30 at 13:30 UTC.
Also, Binance is waiving maker fees on all five pairs through August 31 at 23:59 UTC, giving early users a window of zero-cost entry across the new lineup.
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✨币安交易平台新增bStocks ：Lumentum (LITEB)Meta (METAB)Microsoft (MSFTB)Palantir (PLTRB)Invesco QQQ Trust (QQQB) 交易对！了解更多✅https://t.co/aETPMLKFs9 pic.twitter.com/Chtgmdz70b
— 币安Binance华语 (@binancezh) June 30, 2026
The lineup now spans some of the most followed names on Wall Street. Existing bStocks already include Tesla, NVIDIA, Strategy, SpaceX, Sandisk, Micron, Circle, and an iShares MSCI South Korea ETF. As a result, Binance is rapidly closing the gap with traditional equity brokerages.
The product structure carries important caveats. bStocks do not grant direct ownership, voting rights, or cash dividends from underlying companies. However, dividends are automatically reinvested into additional bStock exposure.
Users also assume full credit and operational risk of the issuer.
bStocks Surges Past $100 Million in Assets Under Management
bStocks growth growth has been explosive. Assets under management crossed $100 million within just 15 days of launch. This marks an 18x jump from 5.6 million on Day 1.
Moreover, cumulative trading volume reached $458 million across the first two weeks.
One trend that’s hard to ignore is the pace at which tokenized equities are being adopted.Binance’s bStocks grew from $5.6 million to more than $100 million in assets in just 15 days—an 18x increase—while generating $458 million in cumulative trading volume.The numbers… pic.twitter.com/5lSj4Xa1nn
— Ali Charts (@alicharts) June 30, 2026
User behavior tells the deeper story. Around 47% of all trading volume happens outside traditional US stock market hours. Furthermore, 58% of activity came from emerging markets across the first 15 days. Over 80% of all trades are fractional, confirming retail-driven flow.
The numbers behind activity are striking. bStocks turn over 4 to 21x faster than their underlying stocks.
As a result, the tokenized format is unlocking a new pool of demand that traditional markets never effectively reached, especially among crypto-native users worldwide.
bStocks turn over 4 to 21 times faster than their underlying stocks. Source: Binance
The broader context matters enormously. The real-world asset derivatives market now exceeds $347 billion in volume. Moreover, Binance commands 55.7% of global RWA derivatives trading.
Adding Microsoft, Meta, and Palantir reinforces the platform’s lead in the quickly growing tokenized equity sector.
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