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6/23
18:07
Svmuu News: Fortitude Mining, a Zcash mining company owned by Digital Currency Group, announced that it has signed a definitive merger agreement with HeartSciences Inc., a small-cap medical technology company listed on theNasdaq, to merge the two companies.Following the announcement, HeartSciences’ stock price rose as much as 60% during Tuesday’s trading session and closed up about 55% at $2.70.
Fortitude is primarily engaged in Zcash mining. Although ZEC has recently underperformed, DCG Founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.
Fortitude CEO Andrea Childs stated that the merger is not driven by business synergies but rather aims to gain access to public capital markets, thereby securing more flexible financing channels to accelerate its core strategies. These include a Zcash-focused “venture mining” platform and the continued expansion of high-return opportunities within its power asset portfolio.
The two parties expect the transaction to be completed in the second half of this year. The deal also demonstrates that some crypto mining companies are attempting to enter the capital markets through mergers with publicly traded companies to support their future expansion.
18:05
Svmuu News: The U.S. CFTC filed a lawsuit against Kentucky on Tuesday in an effort to prevent the state from regulating prediction market platforms as illegal sports betting and gambling platforms, thereby further establishing the federal government’s jurisdiction over prediction markets.
Previously, last week, Kentucky had filed a lawsuit against platforms such as Kalshi and Polymarket, accusing them of operating unlicensed, illegal sports betting and gambling businesses within the state.
In a complaint filed with the U.S. District Court for the Eastern District of Kentucky, the CFTC stated that Kentucky’s attempt to shut down federally regulated designated contract markets interferes with the federal regulatory framework established by Congress for the national derivatives market. The agency asserts that it has “exclusive jurisdiction” over event-based contracts and prediction market products.
Kentucky has become the ninth state the CFTC has sued in disputes over the regulation of prediction markets, indicating that the conflict between federal derivatives regulation and state-level gambling regulation continues to escalate.
18:04
Svmuu News: Nearly 100 Catholic leaders representing church groups across the United States have written to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer to oppose certain provisions of the Clarity Act—a bill currently under discussion that would reform the structure of the cryptocurrency market—arguing that these provisions could weaken regulatory capacity to combat illegal financial activities related to human trafficking.
The Alliance to End Human Trafficking, supported by Catholic organizations, stated that a specific provision in the bill could make it more difficult for regulators to monitor illicit financial flows linked to human trafficking and other crimes.
The letter noted that the Catholic Church has long advocated that economic systems and markets should ultimately serve people, especially the poor, the vulnerable, and those most susceptible to exploitation. The organization stated that while it recognizes the potential of emerging financial technologies and supports responsible innovation, such innovation should not come at the expense of human dignity and public accountability.
18:04
Svmuu News: A New York man was sentenced by a U.S. court to 15 months in prison and three years of supervised release for impersonating a crypto influencer on Telegram and defrauding investors by luring them with false staking returns.
Noman Saleem, 39, pleaded guilty to a charge of wire fraud in September 2025. Prosecutors said he created multiple fake Telegram accounts, impersonated well-known crypto influencers, attracted thousands of people to join his channels, and set up paid “VIP subchannels.”
Saleem told victims he could provide “guaranteed returns” through crypto staking or investment opportunities, inducing many to transfer their crypto assets to wallets under his control. However, prosecutors stated that he did not actually perform any staking operations; instead, after obtaining the funds, he cut off contact and absconded with the victims’ assets. The case resulted in losses exceeding $1.4 million, and the U.S. government has recovered and seized the majority of those funds.
18:02
Svmuu News Bitcoin On Tuesday, the price fell further toward the $62,000 level, continuing its weak consolidation amid outflows from spot ETFs for the sixth consecutive week, hawkish shifts in macro interest rate expectations, and pressure from quarter-end options expiries. Ethereum Having broken below $1,700 on the same day, both BTC and ETH have retreated by nearly 20% over the past 30 days.
Market pressure this week stemmed primarily from two factors. First, while the Federal Reserve (Federal Reserve) kept interest rates at 3.50% to 3.75% at the June 18 FOMC meeting, the statement notably toned down its dovish rhetoric, and the dot plot shifted from previously signaling rate cuts to suggesting rate hikes.Nine of the 18 officials now expect at least one rate hike this year, and the probability of a rate hike in December has risen significantly compared to a month ago.
Second, geopolitical risks have once again unsettled the market. Earlier expectations of a U.S.-Iran ceasefire had pushed Bitcoin above $67,000, but the situation collapsed during the signing ceremony on June 19, with Iran withdrawing from the negotiations. Since the crypto market operates 24/7, Bitcoin was the first to reflect this shock.
In addition, Deribit is set to see approximately $10.6 billion in options expire on June 26, which has further intensified the wait-and-see sentiment in the market as the quarter draws to a close.Analysts believe that leverage has been significantly reduced and market positions are currently defensive, but the next direction will still depend on Thursday’s PCE inflation data and whether spot ETF capital flows can return to positive territory.
17:57
Svmuu News: The Chicago Board Options Exchange (CBOE) has launched the CBOE Predicts platform and will introduce the first set of products in its new series of prediction markets. (Jin Shi)
15:45
Svmuu News: The U.S. Senate voted to suspend the war against Iran unless Donald Trump receives congressional approval. (Jin Shi)
12:55
Svmuu News: Baird analyst Ben Kallo forecasts that Tesla (TSLA.O) will deliver 392,900 vehicles in the second quarter. He added that the electric vehicle company’s total deliveries in 2026 will reach 1.68 million units.
The analyst wrote: “We believe a merger between SpaceX (SPCX.O) and Tesla is highly likely and is expected to take 12 to 18 months.” He also added that a merger between the two companies is the “ultimate direction” and that “it is clear and compelling that both companies will benefit from greater scale.”” Kallo reaffirmed his “Outperform” rating and $522 price target for Tesla. (Jin Shi)
12:45
Svmuu News: Zuckerberg has instructed Meta to develop a prediction market app. The app will operate independently of Facebook and Instagram. (The New York Times)
12:38
Svmuu News: According to a report by the Nikkei, Jonathan Gray, President and Chief Operating Officer of Blackstone, said in a recent interview with the newspaper that the company plans to invest $30 billion in AI data centers in Japan over the next three to five years. The world’s largest alternative asset management firm is in talks to develop facilities with a capacity of more than 1 gigawatt in Japan. (Jinshi)
12:30
Svmuu News: Rob Hocking, Head of Global Derivatives at the Chicago Board Options Exchange (CBOE), said the exchange is exploring converting its Bitcoin and Ethereum continuous futures into perpetual futures.
Previously, the U.S. Commodity Futures Trading Commission (CFTC) approved cryptocurrency perpetual futures for the prediction market Kalshi, paving the way for other registered U.S. exchanges to offer similar products. Rob Hocking did not provide a timeline for the potential conversion. (Cointelegraph)
12:19
Svmuu News: Market Update: SpaceX (SPCX.O) received $89 billion in subscriptions for its high-rated bond issuance. (Jin Shi)
11:47
Svmuu News: Chainlink has launched the Pangea project in collaboration with FairSquareLab, a South Korean digital asset infrastructure company; UniKA, a unified South Korean consortium comprising more than a dozen South Korean commercial banks; and Qivalis, a euro-stablecoin consortium backed by 37 European banks.
The project aims to bring together financial institutions from Europe and South Korea to assess the feasibility of direct atomic swap settlements for stablecoins denominated in euros and South Korean won, utilizing Chainlink’s data infrastructure and FairSquareLab’s on-chain foreign exchange settlement technology. Currently, the project is in the working group phase, and no timeline for production deployment has been announced. Additionally, fintech startup OpenFX recently raised $94 million to expand its stablecoin-based payment network. (Cointelegraph)
11:35
Svmuu News: According to Lookonchain’s monitoring, Machi Big Brother (@machibigbrother) has been liquidated seven times on Hyperliquid over the past 10 hours but continues to go long on ETH.
His current position stands at 1,100 ETH (worth $1.82 million), with a liquidation price of $1,635.71.
11:22
Svmuu News: Josh Rosenthal, a senior partner at Polychain, posted on X stating that after nearly five years at Polychain, he will be leaving the company. He thanked the Polychain team, investors, and the founders they have supported, and said he will be working on new projects, with more details to be announced later.
11:07
Svmuu News: According to Onchain Lens, a wallet (0xb5E4...c24e) believed to be associated with a16z withdrew 12,780 ETH, worth $21.22 million, from Binance.
10:51
Svmuu News BlackRock posted on Platform X, stating that the role of Bitcoins in investment portfolios is evolving and may be viewed as a complementary diversification tool.
BlackRock believes that a moderate allocation (typically around 1–2%) may enhance a portfolio’s return potential while maintaining an appropriate level of risk tolerance.
10:37
Svmuu News: The three major U.S. stock indices have rallied briefly, with the Dow Jones Industrial Average up 0.07%; the S&P 500’s decline has narrowed to 0.77%, after earlier falling more than 1.5%; Nasdaq narrowed its losses to 1.17%, after falling more than 2.3% earlier.
10:36
Svmuu News: According to on-chain analyst Yu Jin, the seven addresses with the largest long positions in Hyperliquid hold long positions worth $415 million, with a current unrealized loss of $91.46 million.
This position includes 120,000 ETH ($271 million) and 2,000 BTC ($144 million), with an opening price of $2,261 for ETH and $72,134 for BTC. The actual leverage ratio is not excessively high; the liquidation price for ETH is approximately $1,160, and for BTC, it is approximately $47,000.
10:25
Svmuu News: According to data from MSX.COM, NVIDIA (NVDA.O) has seen its market capitalization fall below $5 trillion, with the stock down 2.6% in recent trading.

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