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Robinhood CEO says OpenAI and SpaceX ā€˜stock tokens’ are derivatives rather than equity after pushback from Sam Altman’s firm

Robinhood CEO says OpenAI and SpaceX ā€˜stock tokens’ are derivatives rather than equity after pushback from Sam Altman’s firm

Robinhood CEO Vlad Tenev shared thoughts on the platform's latest stocks product after Sam Altman’s OpenAI scrutinized the brokerage’s plan to let European users claim tokenized exposure to the AI firm’s private shares.In a post on X early Thursday, Tenev called the promotion ā€œa seed for something m…

DOJ seeks to recover crypto seized by FBI from alleged scheme impersonating Trump-Vance Inaugural Committee

DOJ seeks to recover crypto seized by FBI from alleged scheme impersonating Trump-Vance Inaugural Committee

U.S. Attorney Jeanine Ferris Pirro announced late Wednesday that her office had filed a complaint to recover 40,353 USDT on Ethereum stolen in an alleged business email compromise scheme.The complaint alleges that scammers posed as the Trump-Vance Inaugural Committee to defraud a donor of a total $2…

NY law firm files class action against Strategy over alleged misleading bitcoin investment disclosures

NY law firm files class action against Strategy over alleged misleading bitcoin investment disclosures

New York-based law firm Pomerantz LLP filed a class action lawsuit against Michael Saylor-led Strategy, alleging that the company violated federal securities laws by making false and misleading statements about the profitability of its bitcoin investment strategy.The complaint, filed in the Eastern …

Design app Figma owns $70 million worth of Bitwise Bitcoin ETF shares as of Q1

Design app Figma owns $70 million worth of Bitwise Bitcoin ETF shares as of Q1

Digital design tech company Figma revealed on Tuesday that it both owned $70 million worth of Bitwise's Bitcoin ETF shares and had purchased $30 million in USDC with the intention of buying Bitcoin, according to a filing.Figma filed an S-1 with the Securities and Exchange Commission indicating that …

DEX to CEX futures trade volume ratio hits all-time high of 8%

DEX to CEX futures trade volume ratio hits all-time high of 8%

The decentralized exchange (DEX) to centralized exchange (CEX) futures trade volume ratio hit a new all-time high of 8% in the month of June. This figure is up considerably from the 6.84% recorded last month and from just 4.78% this time last year.This, of course, is largely the result of Hyperliqui…

The Daily: Trump-backed American Bitcoin raises $220M for bitcoin and mining gear, Bitwise sticks to $200K BTC 2025 price prediction, and more

The Daily: Trump-backed American Bitcoin raises $220M for bitcoin and mining gear, Bitwise sticks to $200K BTC 2025 price prediction, and more

The following article is adapted from The Block’s newsletter,Ā The Daily, which comes out on weekday afternoons.Happy Tuesday! Despite sitting just 5% below all-time highs, bitcoin enters Q3 stuck in a rut, analysts say, warning that after June's leverage flush and fading spot demand, only a fresh ma…

SEC approves Grayscale’s mixed crypto fund, signaling momentum for other ETF proposals

SEC approves Grayscale’s mixed crypto fund, signaling momentum for other ETF proposals

The U.S. Securities and Exchange Commission approved on an "accelerated basis" an exchange-traded fund that looks to convert the Grayscale Digital Large Cap Fund LLC, which could signal positive momentum for numerous other cryptocurrency fund proposals.Ā The SEC approved that fund on Tuesday in a fil…

Stable, a Bitfinex-backed Layer 1 blockchain using Tether’s USDT as a gas token, unveils ā€˜Phase 1’ of its roadmap

Stable, a Bitfinex-backed Layer 1 blockchain using Tether’s USDT as a gas token, unveils ā€˜Phase 1’ of its roadmap

Tether’s USDT is powering a new Layer 1 blockchain, called Stable, according to an announcement on Tuesday. The so-called "stablechain" will use USDT as a native token for gas and settlement fees.Stable was ā€œbuilt to address the inefficiencies of current infrastructure—unpredictable fees, slow settl…

Ethereum Community Foundation raises ā€˜millions’ to drive value to ETH by funding ā€˜immutable and tokenless’ projects

Ethereum Community Foundation raises ā€˜millions’ to drive value to ETH by funding ā€˜immutable and tokenless’ projects

The Ethereum ecosystem is getting additional support from a newly launched organization called the Ethereum Community Foundation, according to an announcement from Zak Cole on X. The foundation’s mandate is to support the institutional adoption of Ethereum infrastructure and, ultimately, drive up th…

Bitget and Mastercard partner on crypto card letting users pay directly from their digital wallet

Bitget and Mastercard partner on crypto card letting users pay directly from their digital wallet

Bitget Wallet has partnered with credit card giant Mastercard and web3 payments firm Immersve to launch a card that lets users pay directly from their digital wallets.Ā The card can be used at the 150 million merchants that accept Mastercard, aiming to expand crypto adoption through ease of use. User…

US Supreme Court decides not to review privacy case over IRS request for Coinbase user data

US Supreme Court decides not to review privacy case over IRS request for Coinbase user data

The U.S. Supreme Court has declined to review a high-profile case involving the Internal Revenue Service and its efforts to compel companies such as cryptocurrency exchange Coinbase to hand over users’ financial data.In an order released on Monday, the court said that the "petition for a writ certio…

Robinhood to offer tokenized shares of OpenAI, SpaceX to EU users in growth push

Robinhood to offer tokenized shares of OpenAI, SpaceX to EU users in growth push

Robinhood co-founder and CEO Vlad Tenev unveiled on Monday that his company is planning to offer users the chance to buy tokenized shares in private companies like OpenAI and SpaceX.At a public event in Cannes, France, Tenev held what he claimed were the "stock tokens" to OpenAI and SpaceX. Tenev an…