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Crypto
CoinShares cites Iran, rate outlook and AI strength behind bitcoin weakness
CoinShares said bitcoin's recent weakness reflects deteriorating market sentiment rather than structural change. It said about $5.8 billion flowed out of digital asset investment products, including ETFs, over roughly four weeks through June 5, though the market broadly held steady. CoinShares cited uncertainty over U.S.-Iran peace talks, shifting expectations for Federal Reserve policy, and liquidity moving into AI-related assets. It also pointed to Strategy's sale of 32 bitcoin as a sentiment drag.
Crypto
Circle launches cirBTC on Ethereum, targets institutional bitcoin collateral infrastructure
Circle has launched cirBTC, a bitcoin token on Ethereum backed 1:1 by native bitcoin, positioning it as a starting point for building institutional collateral infrastructure. The company said it holds the underlying bitcoin through its own entity and manages reserves separately from corporate assets, with on-chain reserve visibility. The product is designed to work with Circle Mint and USDC flows and is expected to add Arch and other chains.
Crypto
SBI Shinsei Bank to launch cryptocurrency reward program
SBI Shinsei Bank, part of Japan's SBI Group, plans to launch a cryptocurrency rewards programme for deposit customers this autumn, The Block reported, citing Nikkei. Depositors will receive vouchers equal to 20 percent of interest payments, which can be exchanged for cryptocurrencies including bitcoin, ether and XRP. Customers must open an account with SBI VC Trade. The bank will run a three-month pilot from June 10.
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Crypto
Morpho raises $175 million for on-chain lending protocol
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AI & Enterprise
AI full-stack self-reliance is an illusion; focus investment on models and cloud, report says
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AI & Enterprise
Rising costs raise questions over big model-centric AI landscape
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Industry
BYD probes distrust of Tesla FSD with promise of full compensation for self-driving accidents
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Games & Commerce
Retail shareholders unite amid weak game stocks, press for meetings and treasury share cancellations
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Finance
Won-dollar rate surges to 1,560, raising market jitters
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Finance
3 trillion won pours into single-stock leveraged ETFs as volatility pushes investors into losses
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Crypto
StarkWare and Sui introduce auditable private transfer features
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AI & Enterprise
Datadog rolls out major Bits AI upgrade to court AI ops
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AI & Enterprise
AWS unveils 'AWS FinOps Agent' to help optimize cloud costs
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Industry
Samsung Electronics becomes top shareholder in U.S. Element Biosciences to bolster precision medicine technology
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Games & Commerce
Korea Post launches 'Saero Bom' public savings product for financially vulnerable
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AI & Enterprise
Anthropic's Mythos goes public, launched as 'Claude Fable 5'
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Crypto
Arthur Hayes says oil price rise could intensify Trump's anti-AI push, pressuring stocks and bitcoin
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Crypto
Analyst sees XRP hitting $10 in late 2026 to early 2027