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Crypto

SpaceX IPO frenzy draws crypto industry as tokens, perpetual futures and betting products proliferate

Crypto companies are competing to attract retail investors ahead of SpaceX\'s initial public offering, rolling out products ranging from prediction markets to tokenised assets and perpetual futures. The offerings allow trading on SpaceX price moves without a traditional brokerage account, though most do not provide direct share ownership, dividends, voting rights or claims on assets. Platforms such as Polymarket, Myriad, Kraken-linked services, Coinbase International, Hyperliquid and Backpack have launched related products, reviving investor-protection and regulatory concerns.

Crypto

MassPay partners with Coinbase to expand USDC-based cross-border payments

MassPay is working with Coinbase to expand a cross-border payments service based on the dollar stablecoin USDC. Cointelegraph reported on June 11 that the partnership will connect MassPay’s payments network spanning 180 countries with Coinbase’s cryptocurrency infrastructure. Corporate customers will be able to make overseas payments across fiat currency, USDC and other digital assets. Coinbase will handle wallet infrastructure, custody and on-chain settlement, while MassPay will manage final payouts through bank transfers, mobile wallets and digital-asset channels.

Crypto

Developer protection becomes flashpoint in U.S. CLARITY Act debate as Solana Policy Institute steps in

Christine Smith (크리스틴 스미스), CEO of the Solana Policy Institute, urged the U.S. Senate to keep developer protection provisions in the CLARITY crypto market structure bill. She argued open-source developers and blockchain infrastructure providers should not be regulated as financial intermediaries. Smith also cited the BRCA bill, which aims to provide legal clarity for developers and infrastructure providers that do not custody customer assets or control transactions.