Strategy Plays Defense, Tech Firms Push for CLARITY, And More — Weekly Recap
Key Takeaways Strategy’s 846,842 BTC survived 2022 stress as CTA’s 1,200 firms push Senate crypto clarity. XRP Binance withdrawals hit June 2024 highs as Satoshi’s
Polygon Moves $80 Billion in Stablecoins in May, Passing Solana and BNB
Key Takeaways Polygon moved about $79.25 billion in stablecoins in May, its second-highest month, across 198 million transactions. The network led all chains in transaction
US and Iran Agree to Halt Strikes Again, Talks Set to Take Place in Qatar This Week
Key Takeaways The US and Iran agreed to halt strikes “for now” and meet in Doha on Tuesday over the Strait of Hormuz. The standoff
Ni no Kuni: Cross Worlds Is Ditching Crypto and Starting Over
Video game developer Netmarble announced a significant operational restructuring for its mobile MMORPG, Ni no Kuni: Cross Worlds, which involves the permanent shutdown of its
CZ Rules Out Return as Binance CEO
Key Takeaways CZ, who owns much of Binance, ruled out returning as CEO in a recent interview, saying “anything could happen” later. Zhao stepped down
BPI to Waive InstaPay, PESONet Fees Permanently
Bank of the Philippine Islands (BPI) will permanently eliminate transaction fees for digital fund transfers through InstaPay and PESONet starting July 1. The decision follows
US Distances Its Naval Assets From Asia as New Guidelines for Tracking Emerge
Key Takeaways Gao Tianyun outlined a 3,000-km carrier targeting concept challenging U.S. standoff strategy. National University of Defense Technology proposed layered tracking to pressure U.S.
Binance Founder CZ Says He’s Bullish on the Philippines After Meeting Regulators
Binance founder Changpeng Zhao confirmed a recent visit to the Philippines to hold regulatory and governance discussions with domestic finance officials, securities regulators, and local
Chinese Wealth Funds Warn of Global AI ‘Super Bubble’ Burst
Key Takeaways Wealspring warned the AI super bubble may soon collapse, next threatening tech markets with a capital retreat. Banxia noted Anthropic may miss revenue
Crypto’s Dry Powder Is Drying up as Stablecoin Sector Contracts by $9.4B
Key Takeaways USDT and USDC led a $2.119B stablecoin outflow in 7 days, signaling weaker crypto liquidity. DAI gained 5.48% since May 28, but USDT