- South Africa Rules out Foreign Stablecoins as Payment Tools to Curb Dollarization02 Jun 2026 08:30
South African financial regulators have clarified that cryptocurrencies and stablecoins are not legal tender. Crypto Still Excluded From Legal Tender Status South African regulators have reiterated that cryptocurrencies and stablecoins are neither money as defined in the country’s National Payments System Act nor funds, and are therefore not legal tender. In a joint statement, the […] - Sosnick Warns Crypto’s ‘Tourists’ Are Cashing out as Bitcoin ETFs Bleed $1.42 Billion02 Jun 2026 07:30
Interactive Brokers strategist Steve Sosnick says crypto’s recent wobble has exposed a “ crypto tourist” problem where money that chased performance on the way up is now heading for the exits. The “ Crypto Tourist” Thesis Speaking on Laura Shin’s “Bits + Bips” podcast alongside co-host Steven Ehrlich, Sosnick argued that much of the capital […] - S&P 500 Closes at Record 7,599 as Stocks Outrun a Lagging Bitcoin02 Jun 2026 07:10
The S&P 500 climbed 0.26% to a record close of 7,599.96, opening the month with fresh all-time highs across major U.S. indexes, even as bitcoin slipped and trailed the equity rally. Tech Leads Indexes to Fresh Records U.S. equities began June on a solid note, as the S&P 500 rose 0.26% to close at an […] - Ex-Miami Heat Guard Terry Rozier Hit With Federal Bribery Charges Over Alleged $100K Kickback02 Jun 2026 06:30
The former NBA guard was hit with new federal sports bribery charges over an alleged six-digit kickback he received to manipulate his performance in a 2023 Charlotte Hornets game. The superseding indictment escalates a sweeping federal sports betting probe that has charged 34 defendants since last October. Bribery Charges Add to Existing Wire Fraud Case […] - The Unexpected Deal Steve Jobs Offered U2 After Refusing to Hand Over Apple Shares02 Jun 2026 05:30
In 2004, U2 approached Apple about an ad deal, asking to be paid in Apple shares. Steve Jobs refused and instead steered the band into a no-fee campaign built around a special iPod U2 Edition, complete with black casing, red click wheel and engraved signatures. The tie-up drove a hit product and big sales without […] - Citi Projects $5.5T Tokenized Market by 2030 as Wall Street Moves Onchain02 Jun 2026 04:30
Citi expects tokenized securities and real-world assets to grow from about $17 billion today to $5.5 trillion by 2030. The bank says Treasury bills, digital stocks, and stablecoins could become the main drivers of Wall Street’s move onchain. Citi Highlights Stablecoins, Treasuries and Stocks as Tokenization Leaders Citi expects the market for tokenized securities to […] - Solana Prepares for a Massive Tokenomics Overhaul to Slash Network Inflation02 Jun 2026 03:30
The proposal, introduced by pseudonymous developer cavemanloverboy, aims to increase the amount of SOL burned by introducing a new base fee for every transaction. This might make Solana’s network issuance deflationary during periods of very high activity, according to some estimations. Proposed Solana Tokenomics Might Make SOL Deflationary Solana developer cavemanloverboy has introduced a proposal […] - Avalanche Network Explodes as FIFA World Cup Drives 60,000 Blockchain Ticket Transactions02 Jun 2026 02:30
Arielle Pennington, SVP of Growth at Avalanche, stressed that the rise in these ticketing transactions before the FIFA World Cup shows how blockchain technology can be adopted in the background, integrating seamlessly into the user experience process without being promoted upfront. Avalanche Facilitates Over 60,000 FIFA World Cup Ticket Transactions The upcoming FIFA World Cup, […] - LAB Reaches $16.23 Despite 95% Supply Concerns as Short Sellers Take Heavy Losses02 Jun 2026 01:30
LAB defied serious insider-dealing and tokenomics allegations to hit a new all-time high of $16.23 on June 1, pushing its year-to-date gains past 12,000%. New All-Time Highs for LAB On June 1, LAB, the token of an AI trading terminal project, jumped to a new all-time high of $16.23, a more than 100% gain from […] - Cheap Oil May Not Be Coming Back Soon as Markets Price Supply Risks02 Jun 2026 00:30
Cheap oil may not return soon, leaving investors, businesses, and consumers exposed to higher costs for longer. A new supply-security premium could keep inflation pressure alive, delay rate cuts, and reshape global markets. Oil’s New Security Premium Puts Inflation and Rate Cuts at Risk Cheap oil may not return soon, and Devere Group CEO Nigel […]