Iran’s Revolutionary Guards halt transit through Strait of Hormuz, rattling oil and crypto markets
Iran's actions highlight geopolitical tensions' impact on global markets, pushing nations to explore digital currencies as alternative financial systems. The post Iran’s Revolutionary Guards halt transit through Strait of Hormuz, rattling oil and crypto markets appeared first on Crypto Briefing.
What Is Technofeudalism?
Why “feudalism”? Technofeudalism is the hypothesis that digital platforms have reshaped the economy so profoundly that it is no longer capitalist. In such a system, power and wealth come not from producing goods but from the rent a handful of corporations charge for access to infrastructure they own. The feudal analogy is straightforward. In the Middle Ages, peasants worked land owned by a lord and surrendered part of the harvest for the right to remain on it. Proponents argue digital platforms are the new land. Merchants, developers and users depend on them much like peasants depended on estates, and hand over a share of their income to the owners. Who coined the term? The name most often associated with technofeudalism is Yanis Varoufakis — the economist, former Greek finance minister and author of the 2023 bestseller “Technofeudalism: What Killed Capitalism.” But viewing digital networks and platforms as a new form of domination emerged at least two decades earlier. In 2002, Alexander Bard and Jan Söderqvist described “netocrats” — a new elite of the digital society controlling information flows — in their book “Netocracy: The New Power Elite and Life After Capitalism.” In 2004, media theorist McKenzie Wark introduced the “vectoralist class” — owners of information transmission channels — in “A Hacker Manifesto.” In 2014, researchers Vasilis Kostakis and Michel Bauwens, in “Network Society and Future Scenarios for a Collaborative Economy,” proposed the concept of “netarchical capitalism” — a regime in which centrally controlled platforms organize user interactions to accumulate capital. They called it a “neo-feudal form of cognitive capitalism”: users create value, while platform owners monetize it. Economist Cédric Durand’s “Technofeudalism: Critique of the Digital Economy” (2020) has strongly influenced the modern understanding of the term. Political theorist Jodi Dean, in “The Grave of Capital: Neofeudalism and the New Class Struggle” (2025), develops the idea that capitalism is gradually giving way to a new system of power and dependency. Technofeudalism, then, is not one person’s theory but a concept shaped by years of debate among philosophers and scholars of the digital society. Varoufakis brought it to a wider audience and drew media attention to it, acting more as a popularizer than a pioneer. What are cloud capital and cloud rent? Cloud capital is a new form of capital embodied in digital platforms, algorithms and datasets. It not only extracts profit from user activity but also shapes preferences by steering attention and behavior through search engines, recommendation systems and other services. Wark would call this control over the “vector,” while Varoufakis describes it as owning the “means of behavior modification.” Varoufakis sees a fundamental difference from traditional capital. Factory machines or farm equipment are used to produce goods. Cloud capital produces nothing directly: it creates and controls the digital environment where people trade, socialize and work, and platform owners derive income from their control over that environment and access to it. This income is called cloud rent. For example, a developer distributes an app via the App Store, and the store’s owner takes a cut of sales and in‑app purchases. In the technofeudalism view, the source of these revenues is not creating the product itself but control over the digital infrastructure through which data and payments flow. Who are vassal capitalists, cloud proletarians and serfs? Varoufakis divides participants in the technofeudal economy into four groups: Owners of cloud capital — the proprietors of digital platforms and algorithmic systems. They control the infrastructure where shopping, search, communication and entertainment happen, and extract rent from it; Vassal capitalists — companies that produce real goods and services but depend on platforms. An e‑bike maker on Alibaba or a seller on Amazon hands part of their profit to the platform owner and ends up subordinate, even if formally still a capitalist; Cloud proletarians — couriers, ride‑hailing drivers, warehouse staff and other workers whose labor is organized by algorithms. They are paid per shift or task but do not own the platform or set work conditions; Cloud serfs — ordinary users. Every post, like, comment or search query becomes data and content that the service monetizes. Unlike employees, cloud serfs typically are not paid for this. “Every time you upload a video to TikTok, Facebook or Instagram, you increase the value of those platforms. We do this with our labor, our activity and simply our presence. So we are not just serfs. We are cloud serfs who create capital. And nothing like this has ever existed in history,” Varoufakis said in a WIRED interview. Is it really not capitalism? Not everyone agrees with Varoufakis’s claim that capitalism has yielded to a new system. Critics acknowledge digital platforms have radically changed the economy, but say that does not necessarily imply a turn to feudalism. One of the most detailed critiques comes from technology scholar Evgeny Morozov. In his essay “Critique of Techno‑Feudal Reason” and a Jacobin interview, he argues that advocates of the concept mistake features of contemporary capitalism for signs of a fundamentally new order. When corporations control platforms, levy fees, manage user data and dictate market rules, it is tempting to conclude: “This is no longer capitalism.” Morozov calls that conclusion premature. Capitalism, he notes, was never reducible to free competition and innovation. Big business has always sought to entrench its power, corner key resources and use its position for extra gains. Platforms like Google, Amazon or Meta do this in new ways, but the underlying logic remains. Tech giants continue to invest: they build data centers, expand digital infrastructure, develop new products, pour billions of dollars into research and hire hundreds of thousands of employees. For Morozov, this matters because these corporations do not merely collect platform rent; they grow and compete with one another. He therefore suggests viewing the platform economy not as a post-capitalist or feudal order, but as a form of contemporary capitalism. In his view, digital platforms have amplified longstanding tendencies of the capitalist system — concentration of power, market monopolization and rent extraction — without creating a fundamentally new way to organize the economy. What does Varoufakis say about Bitcoin? Varoufakis devotes a separate chapter to digital assets — “The False Promises of Cryptocurrencies.” He opens with a historical parallel. In “Utopia,” Thomas More pondered how to free society from feudal vices. Tommaso Campanella’s “The City of the Sun” argued power should belong to artisans rather than parasitic elites. The economist sees crypto‑enthusiasts as heirs to this quest for a fairer social order. “[Their] faith in the power of crypto technologies is as much a reaction to technofeudalism as the original Utopia was a reaction to feudalism,” Varoufakis writes. He says that after the 2008 financial crisis, Bitcoin inspired a wide range of people, but over time the “libertarian faction of the crypto movement” prevailed. “For them, the number‑one enemy was always central banks, which they portrayed as a kind of Catholic Church insisting on mediating between people and their sacred profits, while casting themselves as modern Martin Luthers, proclaiming a Protestant Reformation. Thus, a crypto movement that initially attracted both anarchists and socialists turned into an extremely volatile currency market where anyone savvy enough in the new blockchain technology minted their own ‘coins,’ trying to pump their dollar value before cashing out. Their ideological disdain for fiat, or state‑created, money turned out to be a ruse to issue their own fiat. By the time one bitcoin traded above twenty thousand dollars in 2017, the cryptocurrency’s early emancipatory aura had evaporated,” the book says. In Varoufakis’s view, the chief beneficiaries of the technology became the very institutions it initially opposed. He points to examples such as blockchain platforms from JPMorgan and Microsoft, and solutions from Goldman Sachs, Mastercard and Visa. “Instead of gradually leading us to utopia, cryptocurrency has become another instrument of cloud finance and an engine of cloud‑capital accumulation,” he concludes. Varoufakis calls blockchain a brilliant answer to a question “we have not yet formulated.” But if the question is how to fix capitalism or overthrow technofeudalism, he argues, it is not the tool for that. “This does not mean crypto technologies will never prove useful to progressives. If and when we manage to socialize cloud capital and democratize our economy, blockchain technologies will come in handy,” he allows.
Bitcoin Price Prediction 2026: $GRUNTLE Pays 7,856% APY as BTC Puell Multiple Drops and DOGE Stalls
Bitcoin (BTC) mining revenue metrics have shifted significantly, with the Puell Multiple dropping to 0.74 as the asset trades at $62,982. This decline places the network in a historical accumulation zone, prompting analysts to revise their Bitcoin Price Prediction 2026 models as the broader crypto market navigates a $2.24 trillion valuation. Against this backdrop, crypto [...] The post Bitcoin Price Prediction 2026: $GRUNTLE Pays 7,856% APY as BTC Puell Multiple Drops and DOGE Stalls appeared first on Blockonomi.
Who actually trades XRP? Inside the Korea and Japan books
XRP’s price gets made on Korean and Japanese order books. The spot-only rules, the kimchi premium loop, and how to read the signals that actually matter.
MetaX Integrated Circuits Shanghai Co. plans Hong Kong share listing to ride chip stock boom
MetaX's Hong Kong listing could enhance its global reach, attracting international investors amid growing interest in AI chip stocks. The post MetaX Integrated Circuits Shanghai Co. plans Hong Kong share listing to ride chip stock boom appeared first on Crypto Briefing.
Thomas Tuchel praises Elliot Anderson as Manchester City and Manchester United circle with transfer bids
Tuchel's endorsement of Anderson amid transfer bids highlights the growing influence of young talent on club strategies and market dynamics. The post Thomas Tuchel praises Elliot Anderson as Manchester City and Manchester United circle with transfer bids appeared first on Crypto Briefing.
Palestinian Football Association head stuck in Mexico City awaiting US visa for World Cup
Visa delays for sports officials highlight geopolitical tensions, challenging FIFA's inclusivity goals and complicating international events. The post Palestinian Football Association head stuck in Mexico City awaiting US visa for World Cup appeared first on Crypto Briefing.
Torino appoints Ignazio Abate as head coach through 2028
Abate's long-term appointment signals Torino's commitment to stability and strategic growth amid evolving football and tech landscapes. The post Torino appoints Ignazio Abate as head coach through 2028 appeared first on Crypto Briefing.
Gate captures 85% market share with $295B in TradFi perp volume
Gate's dominance in TradFi perps highlights a shift towards crypto exchanges for traditional asset trading, potentially reshaping financial markets. The post Gate captures 85% market share with $295B in TradFi perp volume appeared first on Crypto Briefing.
SpaceX’s $75B IPO attracts $350B in investor demand, dwarfing every offering in history
SpaceX's IPO could reshape market dynamics, intensifying competition for limited shares and influencing tech investment trends globally. The post SpaceX’s $75B IPO attracts $350B in investor demand, dwarfing every offering in history appeared first on Crypto Briefing.
Strategy Stock MSTR Offers Bitcoin Exposure At 18% Discount
Bitcoin Magazine Strategy Stock MSTR Offers Bitcoin Exposure At 18% Discount Buying $1 Of Bitcoin For $0.82? Why Strategy Stock MSTR Is Flashing Rare Buy Signals. This post Strategy Stock MSTR Offers Bitcoin Exposure At 18% Discount first appeared on Bitcoin Magazine and is written by Matt Crosby.
PancakeSwap proposes redirecting side product fees to treasury optimization
PancakeSwap's treasury optimization could enhance financial stability, but investors should monitor potential shifts in tokenomics affecting CAKE. The post PancakeSwap proposes redirecting side product fees to treasury optimization appeared first on Crypto Briefing.
Newcastle United rekindles interest in signing James Trafford from Manchester City
Newcastle's pursuit of Trafford highlights the financial complexities and strategic maneuvers in modern football's transfer market dynamics. The post Newcastle United rekindles interest in signing James Trafford from Manchester City appeared first on Crypto Briefing.
US government escorts oil shipments through Strait of Hormuz at night
US military escorts in Hormuz highlight geopolitical tensions, potentially reshaping global energy security and cryptocurrency's role in trade. The post US government escorts oil shipments through Strait of Hormuz at night appeared first on Crypto Briefing.
Michael Saylor Declares Strategy Is Still Stacking Bitcoin
Michael Saylor confirms it has not sold even a sat, reaffirming Strategy’s long-term goal to continue stacking up Bitcoin regardless of the market condition.
Metaplanet Acquires Siiibo Securities to Build Japan First Bitcoin-Centric Financial Ecosystem Under Project Nova
Metaplanet is not just buying Bitcoin anymore, it is building the infrastructure to distribute it. The Tokyo-listed company has entered into an agreement to acquire 100% of Siiibo Securities, a licensed Japanese securities firm and pioneer of the country’s online corporate bond market, in what marks the company’s first major acquisition and the opening move of a much larger strategy. The deal, expected to close in July, transforms Metaplanet from a Bitcoin treasury company into something far more ambitious: a regulated financial platform with the pipes to bring Bitcoin-linked products directly to Japanese retail investors. Siiibo Securities Becomes Metaplanet Securities The post Metaplanet Acquires Siiibo Securities to Build Japan First Bitcoin-Centric Financial Ecosystem Under Project Nova appeared first on The Merkle News.
Top 3 Chip Stocks Wall Street Loves for 2026: Nvidia (NVDA), Broadcom (AVGO), and TSMC (TSM)
Discover why Nvidia (NVDA), Broadcom (AVGO), and TSMC (TSM) are the top semiconductor stocks for 2026 according to Wall Street analysts and AI trends. The post Top 3 Chip Stocks Wall Street Loves for 2026: Nvidia (NVDA), Broadcom (AVGO), and TSMC (TSM) appeared first on Blockonomi.
Marvell (MRVL) Recruits Adobe’s Finance Chief as Stock Surges 230% This Year
Marvell (MRVL) appoints Adobe's Dan Durn as new CFO effective June 15, reaffirms Q2 guidance as stock surges 230% year-to-date on AI demand. The post Marvell (MRVL) Recruits Adobe’s Finance Chief as Stock Surges 230% This Year appeared first on Blockonomi.
CoreWeave (CRWV) Stock Surges 5% Following Nasdaq-100 Index Addition Announcement
CoreWeave (CRWV) stock jumped 5% after Nasdaq confirmed the company's Nasdaq-100 inclusion effective June 22, plus $3.25B debt offering details. The post CoreWeave (CRWV) Stock Surges 5% Following Nasdaq-100 Index Addition Announcement appeared first on Blockonomi.
FIFA invests millions to standardize grass across World Cup stadiums
FIFA's investment in standardized grass could set a new benchmark for sports venues, enhancing player safety and influencing future stadium designs. The post FIFA invests millions to standardize grass across World Cup stadiums appeared first on Crypto Briefing.
Manchester United to assess Diego Leon during pre-season before deciding his future
Manchester United's pre-season evaluation of Diego Leon could shape his career trajectory and impact the club's future squad strategy. The post Manchester United to assess Diego Leon during pre-season before deciding his future appeared first on Crypto Briefing.
Securitize Brings AAA CLO Fund to Solana as Ethena Plans $250M Allocation
TLDR: Securitize expands its Tokenized AAA CLO Fund, STAC, to the Solana blockchain network. Ethena Labs plans a $250 million allocation to STAC, backing USDe’s reserves. STAC was developed with BNY, which serves as custodian and sub-adviser for assets. Global CLO issuance tops $1.3 trillion, marking a major tokenization milestone for credit. Securitize has expanded [...] The post Securitize Brings AAA CLO Fund to Solana as Ethena Plans $250M Allocation appeared first on Blockonomi.
Meta unveils Muse Spark AI model with selectable modes for different tasks
Meta's strategic pivot to integrated AI models could redefine user interaction and monetization across its platforms, impacting the AI landscape. The post Meta unveils Muse Spark AI model with selectable modes for different tasks appeared first on Crypto Briefing.
Bitcoin cycle data points to $40K-$46K bottom, Galaxy says
Galaxy says Bitcoin may not have bottomed, with cycle data pointing to a $40K-$46K base-case low between now and Q4 2026.
DOJ arrests two men linked to AudiA6 crypto laundering service
The arrests highlight the growing effectiveness of international cooperation in combating crypto-related crimes, potentially leading to stricter regulations. The post DOJ arrests two men linked to AudiA6 crypto laundering service appeared first on Crypto Briefing.
AS Roma receives Paulo Dybala’s counter proposal for new contract, but ASR token remains unmoved
Dybala's contract talks highlight player loyalty over financial gain, while ASR token's stability underscores market focus on platform dynamics. The post AS Roma receives Paulo Dybala’s counter proposal for new contract, but ASR token remains unmoved appeared first on Crypto Briefing.
Google Declines Participation in US Quantum Program
Google has opted out of the US federal program supporting quantum technologies. The company stated that the funding conditions could slow down the path to creating a useful quantum computer, according to Semafor. In May, the US Department of Commerce preliminarily agreed to allocate $2.013 billion to nine companies under the CHIPS and Science Act. The parties signed letters of intent and must finalize the funding terms. The list includes GlobalFoundries with planned funding of $375 million and IBM with $1 billion. The other seven companies are set to receive: Atom Computing — $100 million; Diraq — up to $38 million; D-Wave — $100 million; Infleqtion — $100 million; PsiQuantum — $100 million; Quantinuum — $100 million; Rigetti — up to $100 million. The US Department of Commerce stated that the program aims to accelerate research and production of technologies for the quantum ecosystem. Companies will work on various approaches to quantum computing, including neutral atoms, silicon spin qubits, superconducting systems, photonic technologies, and ion traps. As a condition of funding, the department must receive a minority non-controlling stake in each recipient company. The specific requirements that were decisive for Google are unknown. On June 10, Google Quantum AI COO Charina Chou noted at the Semafor Tech Summit in San Francisco that the corporation continues to work with the US government "in other ways." She mentioned that the government could better support the quantum sector through funding fundamental research. Google collaborates with national labs and academic institutions, and such research underpins more advanced quantum developments, she added. Chou also highlighted the challenging climate for attracting researchers from abroad. She emphasized that the US will need "the best talent from around the world" for breakthroughs in quantum technologies, while China remains "a serious competitor." PsiQuantum co-founder Pete Shadbolt supported government involvement in funding the industry. He stated that it is natural for US authorities to invest in quantum technologies due to their "profound geopolitical implications" and significance for national security. PsiQuantum is among the companies that received a letter of intent for $100 million. The funds are intended to address technical challenges in photonic quantum computing, including materials, single-photon detectors, and photonic packaging. In March 2025, China announced the creation of the superconducting quantum computer Zuchongzhi 3.0. The 105-qubit system is one example of the intensifying competition between the US and China in quantum computing.
Metaplanet Acquires Siiibo Securities in Push to Build Bitcoin Financial Ecosystem
Bitcoin Magazine Metaplanet Acquires Siiibo Securities in Push to Build Bitcoin Financial Ecosystem Metaplanet is acquiring Siiibo Securities for 2.1 billion yen ($13.1 million), giving Japan's largest corporate Bitcoin holder a securities license and distribution platform to launch Bitcoin-linked investment products. This post Metaplanet Acquires Siiibo Securities in Push to Build Bitcoin Financial Ecosystem first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Sam Bankman-Fried appeal denied as court backs 25-year sentence for FTX collapse
The upheld sentence underscores the judiciary's firm stance on financial misconduct, potentially deterring future crypto-related fraud. The post Sam Bankman-Fried appeal denied as court backs 25-year sentence for FTX collapse appeared first on Crypto Briefing.
Nebius (NBIS) Stock Soars 13% on Nasdaq-100 Index Inclusion
Nebius (NBIS) stock rallies 13% after Nasdaq-100 inclusion announced. Q1 revenue jumped 684% YoY to $399M. What investors should know about the AI firm. The post Nebius (NBIS) Stock Soars 13% on Nasdaq-100 Index Inclusion appeared first on Blockonomi.
Ibrahim Maza attracts interest from Chelsea, Arsenal, and Spurs as Premier League clubs circle Leverkusen star
The intense interest in Maza highlights the escalating transfer market dynamics, where young talent's value rapidly appreciates, benefiting sellers. The post Ibrahim Maza attracts interest from Chelsea, Arsenal, and Spurs as Premier League clubs circle Leverkusen star appeared first on Crypto Briefing.
Kimi AI releases open-source K2.7 Code model with 1 trillion parameters on APIs and Hugging Face
Kimi-K2.7-Code's efficiency and open-source nature could democratize AI-driven coding, reducing costs and enhancing accessibility for developers. The post Kimi AI releases open-source K2.7 Code model with 1 trillion parameters on APIs and Hugging Face appeared first on Crypto Briefing.
BlackRock Updates Bitcoin ETF Application with Income Feature
BlackRock has submitted a Form 8-A filing with the U.S. Securities and Exchange Commission to register the iShares Bitcoin Premium Income (BITA) ETF, based on the leading cryptocurrency. The product offers access to the spot bitcoin market with an income-generating mechanism. The fund plans to sell call options primarily on its own IBIT shares, and occasionally on spot bitcoin ETP indices. Bloomberg analyst Eric Balchunas suggested that BITA could launch as soon as next week. BlackRock filed an 8-A for the Bitcoin Premium Income ETF $BITA. That typically means launch in one week. So if I had to bet I'd say next Thur $BITA goes live. We'll see tho. pic.twitter.com/jvJY8yhslh— Eric Balchunas (@EricBalchunas) June 11, 2026 According to him, filing a Form 8-A usually signals imminent approval of the instrument. Previously, BlackRock submitted a fourth amendment to its BITA application, stating a sponsor fee of 0.65%, which is lower than competitors among bitcoin ETFs with a covered call strategy. BlackRock's traditional IBIT bitcoin fund has maintained a leading position since its launch in January 2024. As of now, the product manages assets worth $48.6 billion. IBIT Dynamics. Source: SoSoValue. Earlier this year, institutional investors filing Form 13F reduced their positions in U.S. spot bitcoin ETFs by 17%.
SharonAI (SHAZ) Stock Jumps 25% Following Major Nvidia Partnership in Australia
SharonAI (SHAZ) stock jumped 25% on a six-year Nvidia deal for 72MW AI data centers in Australia. SHAZ has gained 138% since its February IPO. The post SharonAI (SHAZ) Stock Jumps 25% Following Major Nvidia Partnership in Australia appeared first on Blockonomi.
Sam Bankman-Fried loses bid to overturn fraud conviction, sentenced to 25 years
The failed appeal underscores the enduring impact of FTX's collapse, prompting tighter crypto regulations and reshaping industry practices. The post Sam Bankman-Fried loses bid to overturn fraud conviction, sentenced to 25 years appeared first on Crypto Briefing.
Richtech Robotics (RR) Stock Plunges 12% Following Multi-Year Financial Restatement Announcement
Richtech Robotics (RR) stock fell 10-12% after revealing accounting errors requiring restatements across multiple fiscal years and unresolved control issues. The post Richtech Robotics (RR) Stock Plunges 12% Following Multi-Year Financial Restatement Announcement appeared first on Blockonomi.
SpaceX’s record-breaking IPO draws global investor attention
SpaceX's IPO reshapes aerospace market dynamics, influences institutional investment strategies, and impacts crypto market transparency. The post SpaceX’s record-breaking IPO draws global investor attention appeared first on Crypto Briefing.
Shiba Inu (SHIB) Latest Golden Cross May Face Immediate Test
Shiba Inu traders spot golden cross, but the market seems to have other plans.
KuCoin fails to pay $2M award in delisted token dispute, investor claims
The Seychelles court ruling against KuCoin could challenge standard exchange practices, potentially impacting global crypto asset management. The post KuCoin fails to pay $2M award in delisted token dispute, investor claims appeared first on Crypto Briefing.
G2 Esports executes impressive 3v5 retake at IEM
G2's 3v5 retake at IEM highlights the thrilling unpredictability of esports, boosting fan engagement and justifying investment in the scene. The post G2 Esports executes impressive 3v5 retake at IEM appeared first on Crypto Briefing.
SpaceX UK retail stock offering oversubscribed, 40% of applicants miss out
The oversubscription highlights strong retail investor interest, indicating potential challenges in accessing high-demand IPOs in the future. The post SpaceX UK retail stock offering oversubscribed, 40% of applicants miss out appeared first on Crypto Briefing.
Mistral AI seeks to raise €3B at €20B valuation as Europe’s AI race heats up
Mistral AI's ambitious funding goals highlight Europe's intensifying AI competition and underscore the growing convergence of AI and semiconductor industries. The post Mistral AI seeks to raise €3B at €20B valuation as Europe’s AI race heats up appeared first on Crypto Briefing.
Kraken Plans CFTC-Regulated Perpetual Futures For US Crypto Traders
Kraken says it plans to launch CFTC-regulated perpetual futures for eligible U.S. traders, covering major crypto assets including BTC, ETH, SOL, and XRP.
Fars News Agency denies reports of US-Iran agreement, raising questions for crypto sanctions landscape
The denial of a US-Iran deal highlights ongoing geopolitical tensions, impacting crypto markets and potentially altering sanctions enforcement. The post Fars News Agency denies reports of US-Iran agreement, raising questions for crypto sanctions landscape appeared first on Crypto Briefing.
On-Chain Data Suggests Bitcoin Miners Are Capitulating
The current ratio of the first cryptocurrency's price to mining difficulty mirrors patterns from previous bear cycles, according to an expert known as Killa. Source: X. He believes the capitulation phase is the clearest signal for accumulating digital gold. Killa suggested that the final low of the current Bitcoin cycle will occur later. He predicts this will happen amid a stock market correction, with the bear market bottom forming by the end of this year. Charles Edwards, founder of Capriole Investments, confirmed that the first cryptocurrency is trading at the cost of production. According to him, the average miner margin has fallen below 5%. Source: X. Edwards estimated the total production cost of one BTC at $61,200, with electricity costs accounting for approximately $48,965. When the market price of the asset approaches these levels, it often signals the formation of a long-term bottom. On May 29, following the latest recalculation, the mining difficulty of the first cryptocurrency increased by 1.72%, reaching 138.96 T. Source: CloverPool. In May, Bitcoin miners' stocks rose following Nvidia's report. The company announced revenue of $81.6 billion for the first fiscal quarter of 2027, an 85% increase from the previous year.
Ethena Labs allocates $250M to Securitize’s tokenized AAA CLO fund
Ethena Labs' investment in tokenized CLOs could revolutionize DeFi by offering institutional-grade credit access and diversifying yield options. The post Ethena Labs allocates $250M to Securitize’s tokenized AAA CLO fund appeared first on Crypto Briefing.
BNB Chain welcomes ColbFinance with $60M in tokenized pre-IPO positions
ColbFinance's integration with BNB Chain democratizes access to private tech investments, potentially reshaping traditional equity markets. The post BNB Chain welcomes ColbFinance with $60M in tokenized pre-IPO positions appeared first on Crypto Briefing.
UK public inflation expectations surge to 4% after Iran conflict, Bank of England survey shows
Rising inflation expectations could pressure the Bank of England to tighten monetary policy, impacting economic growth and market stability. The post UK public inflation expectations surge to 4% after Iran conflict, Bank of England survey shows appeared first on Crypto Briefing.
Metaplanet to form securities arm through Siiibo acquisition
Metaplanet will acquire Siiibo Securities and rename it Metaplanet Securities as it builds out Project Nova, its Bitcoin-centric finance strategy in Japan.
KuCoin has not paid $2M award tied to delisted token dispute, investor says
A Seychelles court said KuCoin can’t treat unwithdrawn tokens as “abandoned,” and awarded a Swiss investor over $2 million. He says the exchange still hasn’t paid and plans to sue again.
SpaceX joins wave of mega fundraises that could reshape tech and crypto markets
The mega fundraises could shift capital from crypto to tech IPOs, impacting liquidity and setting new precedents for corporate crypto holdings. The post SpaceX joins wave of mega fundraises that could reshape tech and crypto markets appeared first on Crypto Briefing.
SpaceX to debut on stock exchange, positioning Elon Musk for trillionaire status
SpaceX's IPO could redefine market dynamics, influencing tech investment trends and potentially impacting cryptocurrency market sentiment. The post SpaceX to debut on stock exchange, positioning Elon Musk for trillionaire status appeared first on Crypto Briefing.
Three Space Stocks Leading the 2026 Investment Frontier: Rocket Lab (RKLB), Planet Labs (PL), and AST SpaceMobile (ASTS)
Discover the top space stocks for 2026: Rocket Lab (RKLB), Planet Labs (PL), and AST SpaceMobile (ASTS) offer unique opportunities in the expanding space economy. The post Three Space Stocks Leading the 2026 Investment Frontier: Rocket Lab (RKLB), Planet Labs (PL), and AST SpaceMobile (ASTS) appeared first on Blockonomi.
Global Mofy Metaverse (GMM) Stock: Why That 5,000% Spike Isn’t a Real Rally
GMM stock's 5,000% jump on June 11 wasn't a rally—it was a 1-for-50 reverse split. Learn what really happened and why enterprise value stayed the same. The post Global Mofy Metaverse (GMM) Stock: Why That 5,000% Spike Isn’t a Real Rally appeared first on Blockonomi.
Intel (INTC) Stock Soars 9% Following Unprecedented Double Upgrade From BofA
Intel (INTC) surged 9% after Bank of America's rare double upgrade to Buy with $135 target, citing agentic AI tailwinds and foundry growth opportunities. The post Intel (INTC) Stock Soars 9% Following Unprecedented Double Upgrade From BofA appeared first on Blockonomi.
Virgin Galactic (SPCE) Stock Jumps 20%: Is This Space Rally Built to Last?
Virgin Galactic (SPCE) stock surged 20%+ on debt-for-equity swap news and SpaceX IPO buzz. But is the rally sustainable? Analysts remain divided. The post Virgin Galactic (SPCE) Stock Jumps 20%: Is This Space Rally Built to Last? appeared first on Blockonomi.
Lennar (LEN) Stock Falls as Q2 Earnings Reveal Revenue Shortfall and Margin Compression
Lennar (LEN) stock falls after Q2 revenue of $7.9B misses forecasts. Margins drop to 15.6% and company lowers full-year home delivery target. The post Lennar (LEN) Stock Falls as Q2 Earnings Reveal Revenue Shortfall and Margin Compression appeared first on Blockonomi.
SpaceX Trading Debut and US-Iran Détente Drive Friday Market Rally
SpaceX debuts Friday after record $75B IPO as US-Iran peace hopes boost futures and send oil prices tumbling. Consumer sentiment data awaited. The post SpaceX Trading Debut and US-Iran Détente Drive Friday Market Rally appeared first on Blockonomi.
Micron (MU) Stock Gains Analyst Momentum: Three Price Target Hikes Drop in Single Week
Micron (MU) stock gets three analyst upgrades in one week, with Wolfe setting a $1,250 target as memory demand is expected to exceed supply through 2027. The post Micron (MU) Stock Gains Analyst Momentum: Three Price Target Hikes Drop in Single Week appeared first on Blockonomi.
SpaceX IPO Sends Space Stocks Soaring: Rocket Lab, Firefly, and EchoStar Rally on Market Debut
SpaceX debuts at $135/share with $1.8T valuation. Space stocks surge as Rocket Lab joins Nasdaq 100. Adobe drops on CFO exit, Lennar cuts housing forecast. The post SpaceX IPO Sends Space Stocks Soaring: Rocket Lab, Firefly, and EchoStar Rally on Market Debut appeared first on Blockonomi.
Rezolve AI (RZLV) Stock Surges on Massive $300M Share Buyback Announcement
Rezolve AI (RZLV) stock surged after unveiling a $300M buyback plan. BTIG will support the program, which awaits shareholder and UK Court approval. The post Rezolve AI (RZLV) Stock Surges on Massive $300M Share Buyback Announcement appeared first on Blockonomi.
Hyperliquid Whale Holds 81% Short Book and $2.7M Profit as HYPE Bet Pays off
A Hyperliquid trader dubbed a “perma-bear” is running an 81% short book with a $2.7 million all-time profit, led by a $13.57 million HYPE short up $539,000, per analytics firm Nansen. A Bear That Keeps Winning Onchain analytics firm Nansen said a Hyperliquid trader (referred to by the firm as a “Perps Perma-Bear“) is 81% […]
Tino Group files for $29M US IPO targeting NYSE American or NASDAQ
Tino Group's IPO highlights the challenges and opportunities for small international firms seeking US capital amid regulatory and market complexities. The post Tino Group files for $29M US IPO targeting NYSE American or NASDAQ appeared first on Crypto Briefing.
Oracle (ORCL) Stock Gains Momentum After Securing $395.8M Federal Cloud Contract
Oracle (ORCL) stock rebounds after securing a $395.8M federal HR contract with OPM, strengthening its position in government cloud services. The post Oracle (ORCL) Stock Gains Momentum After Securing $395.8M Federal Cloud Contract appeared first on Blockonomi.
US national soccer team opens World Cup against Paraguay as crypto sponsors circle the tournament
Crypto sponsorships in the World Cup could drive increased mainstream adoption and visibility, impacting the future of digital currencies. The post US national soccer team opens World Cup against Paraguay as crypto sponsors circle the tournament appeared first on Crypto Briefing.
Iran-US deal to be called the Islamabad Agreement, Axios reports
The Islamabad Agreement could stabilize oil markets and ease geopolitical tensions, but hinges on Iran's compliance for sustained impact. The post Iran-US deal to be called the Islamabad Agreement, Axios reports appeared first on Crypto Briefing.
US Central Command redirects 136 vessels, disables 9 in Iran blockade
The intensified US blockade and financial measures against Iran could destabilize global oil markets and reshape digital asset enforcement. The post US Central Command redirects 136 vessels, disables 9 in Iran blockade appeared first on Crypto Briefing.
Scotland returns to the World Cup after 10,219 days, and crypto is along for the ride
Scotland's World Cup return coincides with FIFA's crypto integration, highlighting digital assets' growing role in global sports events. The post Scotland returns to the World Cup after 10,219 days, and crypto is along for the ride appeared first on Crypto Briefing.
India summons US diplomat after attacks on commercial vessels kill three Indian sailors
India's diplomatic response highlights potential strains in US-India relations and raises concerns over maritime safety and geopolitical stability. The post India summons US diplomat after attacks on commercial vessels kill three Indian sailors appeared first on Crypto Briefing.
Southampton FC confirms Ross Stewart among released players after 2025/26 season
Southampton's squad overhaul reflects financial pragmatism, emphasizing the need for strategic investments and adaptability in the Championship. The post Southampton FC confirms Ross Stewart among released players after 2025/26 season appeared first on Crypto Briefing.
International Monetary Fund approves $8.1 billion loan for Ukraine despite missed benchmarks
The IMF's loan approval for Ukraine highlights the flexibility in international financial support during geopolitical crises, impacting global economic stability. The post International Monetary Fund approves $8.1 billion loan for Ukraine despite missed benchmarks appeared first on Crypto Briefing.
The CLARITY Act has a two-month window. Here is the map
The crypto market structure bill cleared committee 15-9 and now races the Senate calendar. Every step, dispute, and probability from here to law.
Can Velvet price reach $2 as SpaceX IPO hype drives demand?
Velvet price has surged more than 1,400% over the past week as traders pile into the token ahead of SpaceX’s highly anticipated public debut, pushing the project into one of the strongest rallies in the crypto market. According to data…
Dinari launches dShares on Avalanche C-Chain for 24/7 US market access
Dinari's dShares could revolutionize global equity access, but evolving regulations may pose challenges for international investors. The post Dinari launches dShares on Avalanche C-Chain for 24/7 US market access appeared first on Crypto Briefing.
FREE Coin (FREE): a Cryptocurrency with a Low Barrier to Entry
FREE Coin (FREE) is a cryptocurrency that was designed as a means of promoting the adoption of blockchain technology and digital currencies by providing an accessible and user-friendly experience.
SpaceX prices largest IPO ever at $135, trades at $177 on Hyperliquid
SpaceX's IPO highlights the growing influence of crypto markets on traditional finance, raising questions about regulation and market stability. The post SpaceX prices largest IPO ever at $135, trades at $177 on Hyperliquid appeared first on Crypto Briefing.
XRP Ledger Breaks 1 Million Threshold-Reclaiming Upside
XRP Ledger activity has surged past 1 million daily payments, signaling renewed network demand.
Singapore central bank to revise single family office framework on June 15
The revised framework enhances regulatory clarity and transparency, potentially boosting investor confidence while addressing financial crime risks. The post Singapore central bank to revise single family office framework on June 15 appeared first on Crypto Briefing.
Binance’s Changpeng Zhao contrasts fraud cases with SBF’s pardon application
The contrasting outcomes highlight the justice system's severe stance on financial fraud, emphasizing accountability in both crypto and traditional finance. The post Binance’s Changpeng Zhao contrasts fraud cases with SBF’s pardon application appeared first on Crypto Briefing.
Four Milestones Identified for XRP by Forbes Fintech 50 Alum Stronghold Japan
Stronghold Japan maps out 4 critical XRP milestones as Asian payment networks quietly pivot to decentralized ledgers.
Orbbec to Build 3D Sensor Factory in Vietnam
Chinese 3D sensor and machine vision solutions manufacturer Orbbec has begun constructing a production facility in Vietnam. The RVMC plant will be located in the Thuan Thanh Industrial Zone in Bac Ninh province. The facility will cover an area of over 100,000 square meters. It will produce 3D sensors and smart devices for international markets, with operations expected to commence in 2027. Orbbec aims to strengthen global supply chains and mitigate supply chain risks by manufacturing at multiple sites.
Circle moves $4B USDC to Coinbase in record HyperEVM transfer
Circle moved about $4.4B USDC to Coinbase on HyperEVM, likely tied to Coinbase’s Hyperliquid USDC treasury deployer role.
OpenAI lands one of banking’s largest AI deployments with BBVA expansion
OpenAI has expanded its banking footprint through a deal that will bring ChatGPT Enterprise to all 120,000 BBVA employees, up from the 11,000 staff members already using the platform. According to OpenAI, the multi-year agreement with BBVA will extend ChatGPT…
SHRMiner launches free cloud mining service for BTC, XRP, ETH holders, offering daily earnings of at least $17,700
SHRMiner introduces a free mining service enabling BTC, XRP, and ETH holders to earn passive crypto income. As cryptocurrency gains increasing global popularity, more and more investors are looking for ways to generate steady passive income without the need for…
Crypto Price Analysis Jun-12: ETH, XRP, ADA, BNB, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) This week, Ethereum remained flat as it hovered above the key support at $1,500. Sellers seem to be taking a break after the price crashed by 37% since early May. Buyers are likely to be quite active at this […]
LBank Pay Expands to Support BTC, ETH and 20+ Crypto Assets, Launches 20,000 USDT Campaign
[PRESS RELEASE – Singapore, Singapore, June 12th, 2026] LBank, the leading global cryptocurrency exchange, has announced a major upgrade to LBank Pay, its integrated crypto payment solution. Effective June 11, 2026, LBank Pay now supports direct payments in over 20 major crypto assets, including BTC, ETH, SOL, DOGE, TON, and PEPE — removing the need […]
Kimi 2.7 offers affordable coding competition to Claude Fable 5
Kimi 2.7's affordability could democratize access to advanced coding AI, enabling smaller teams to compete in high-stakes software development. The post Kimi 2.7 offers affordable coding competition to Claude Fable 5 appeared first on Crypto Briefing.
India plans to widen fiscal deficit to 4.8% of GDP as Iran war drives fuel costs higher
India's fiscal deficit expansion could weaken the rupee, impact bond yields, and influence crypto investments, affecting global markets. The post India plans to widen fiscal deficit to 4.8% of GDP as Iran war drives fuel costs higher appeared first on Crypto Briefing.
JPMorgan highlights potential gains for banks from SpaceX IPO
The SpaceX IPO underscores the growing synergy between wealth management and capital markets, enhancing banks' revenue and client relations. The post JPMorgan highlights potential gains for banks from SpaceX IPO appeared first on Crypto Briefing.
Brazil inflation exceeds target range, complicating rate cuts
Rising inflation in Brazil complicates monetary policy, potentially stalling economic growth and increasing market volatility and uncertainty. The post Brazil inflation exceeds target range, complicating rate cuts appeared first on Crypto Briefing.
Iran faces growing pressure from US blockade as oil revenue evaporates and crypto becomes a lifeline
Iran's reliance on crypto amid US pressure highlights potential regulatory tightening and market shifts, impacting global oil and digital assets. The post Iran faces growing pressure from US blockade as oil revenue evaporates and crypto becomes a lifeline appeared first on Crypto Briefing.
This story falls outside CryptoBriefing editorial scope
The editorial decision highlights the importance of maintaining content relevance and focus within niche media platforms. The post This story falls outside CryptoBriefing editorial scope appeared first on Crypto Briefing.
Ripple vs Little Pepe: The leading Crypto to buy now with $1,000 revealed
XRP and Little Pepe highlight the trade-off between established crypto assets and higher-risk presale opportunities. Investing $1000 in the crypto market is not as simple as it used to be. Before, there were fewer cryptocurrencies. However, with thousands of options…
Arsenal in advanced talks to sign Liam Delap from Chelsea for £27M
Arsenal's pursuit of Delap highlights Chelsea's ongoing transfer challenges and underscores the volatility of player valuations in football. The post Arsenal in advanced talks to sign Liam Delap from Chelsea for £27M appeared first on Crypto Briefing.
Crypto firms bet big on 2026 World Cup as USMNT coach channels ‘Miracle’ energy
The 2026 World Cup offers crypto firms a pivotal chance to reshape their image and validate fan token models in the vast US sports market. The post Crypto firms bet big on 2026 World Cup as USMNT coach channels ‘Miracle’ energy appeared first on Crypto Briefing.
Tony Popovic signs 1-year contract extension ahead of FIFA World Cup opener against Türkiye
Popovic's extension ensures stability and focus for Australia's national team, potentially enhancing performance in upcoming international tournaments. The post Tony Popovic signs 1-year contract extension ahead of FIFA World Cup opener against Türkiye appeared first on Crypto Briefing.
Ripple’s (XRP) Potential, Solana (SOL) Price Predictions, and More: Bits Recap June 12
A closer look at the price action and recent forecasts involving three of the most popular altcoins.
World Cup 2026: Hwang In-beom emerges as South Korea’s indispensable midfielder
Hwang In-beom's rise underscores the growing impact of Asian talent in global football, enhancing South Korea's strategic depth and influence. The post World Cup 2026: Hwang In-beom emerges as South Korea’s indispensable midfielder appeared first on Crypto Briefing.
TON blockchain adopts new consensus, challenges Solana with sub-second finality
TON's new consensus mechanism may shift market focus and resources from Solana, intensifying competition in the layer-1 blockchain space. The post TON blockchain adopts new consensus, challenges Solana with sub-second finality appeared first on Crypto Briefing.
Tvoy molodoy leads FURIA to 2-0 pool at IEM Cologne Major
FURIA's strong start at IEM Cologne Major highlights the strategic impact of integrating diverse talent, potentially reshaping team dynamics. The post Tvoy molodoy leads FURIA to 2-0 pool at IEM Cologne Major appeared first on Crypto Briefing.
Senate Banking Committee weighs markup of export control legislation targeting chips and AI
Stricter export controls on chips and AI could disrupt global tech supply chains, impacting crypto mining and decentralized AI projects significantly. The post Senate Banking Committee weighs markup of export control legislation targeting chips and AI appeared first on Crypto Briefing.