> SHUTDOWN SURGE: 60+ CRYPTO PROJECTS DEAD, TOP THREE ALL A16Z-BACKED
ACCORDING TO ROOTDATA, MORE THAN 60 CRYPTO PROTOCOLS HAVE ANNOUNCED SHUTDOWNS SINCE THE BEGINNING OF THIS YEAR, AND THE NUMBER CONTINUES TO GROW. AMONG THEM, 10 PROJECTS HAD RAISED OVER $10 MILLION IN TOTAL FUNDING. THE TOP THREE BY TOTAL FUNDING WERE ALL LED BY A16Z: YUPP ($33 MILLION), SYNDICATE ($27.8 MILLION), AND ENTROPY ($26.95 MILLION). — LINK
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ACCORDING TO ROOTDATA, MORE THAN 60 CRYPTO PROTOCOLS HAVE ANNOUNCED SHUTDOWNS SINCE THE BEGINNING OF THIS YEAR, AND THE NUMBER CONTINUES TO GROW. AMONG THEM, 10 PROJECTS HAD RAISED OVER $10 MILLION IN TOTAL FUNDING. THE TOP THREE BY TOTAL FUNDING WERE ALL LED BY A16Z: YUPP ($33 MILLION), SYNDICATE ($27.8 MILLION), AND ENTROPY ($26.95 MILLION). — LINK
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> BITCOIN ETFS SEE $1.3B EXODUS
BITCOIN ETFS RECORDED $1.34 BILLION IN NET OUTFLOWS THIS WEEK AS INVESTORS PULLED MONEY AMID A SHARP SELLOFF.
BITCOIN HAS FALLEN 6.6% SINCE MONDAY AND IS TRADING NEAR $59,500 AFTER BRIEFLY RECLAIMING THE $60,000 LEVEL.
ETHEREUM WAS LITTLE CHANGED, WHILE XRP POSTED MODEST GAINS.
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BITCOIN ETFS RECORDED $1.34 BILLION IN NET OUTFLOWS THIS WEEK AS INVESTORS PULLED MONEY AMID A SHARP SELLOFF.
BITCOIN HAS FALLEN 6.6% SINCE MONDAY AND IS TRADING NEAR $59,500 AFTER BRIEFLY RECLAIMING THE $60,000 LEVEL.
ETHEREUM WAS LITTLE CHANGED, WHILE XRP POSTED MODEST GAINS.
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> JUST IN: 🇺🇸 PRESIDENT TRUMP IMPOSES 100% TARIFFS ON ANY COUNTRY THAT CHARGES 'DIGITAL SERVICES TAX' ON AMERICAN COMPANIES.
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> JUST IN: OPENAI OFFICIALLY LAUNCHES GPT-5.6 LIMITED PREVIEW, CLAIMING TO BE MORE POWERFUL THAN CLAUDE MYTHOS.
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> 🇺🇸 CALIFORNIA GOVERNOR GAVIN NEWSOM SAYS "IT'S TIME FOR A NATIONAL BILLIONAIRE TAX."
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> TRUMP: “I’D BE THE GREATEST COMMUNIST IN HISTORY”
DONALD TRUMP JOKED HE “WOULD BE THE GREATEST COMMUNIST IN HISTORY,” ARGUING THAT COMMUNISM IS EASY TO SELL BY PROMISING FREE FOOD, RENT AND HOUSING, BUT SAID IT ULTIMATELY LEAVES COUNTRIES IN RUIN. HE ALSO CLAIMED COMMUNISTS RESORT TO POLITICAL ASSASSINATIONS AND ACCUSED DEMOCRATS OF CORRUPTION AND TRYING TO DESTROY AMERICA.
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DONALD TRUMP JOKED HE “WOULD BE THE GREATEST COMMUNIST IN HISTORY,” ARGUING THAT COMMUNISM IS EASY TO SELL BY PROMISING FREE FOOD, RENT AND HOUSING, BUT SAID IT ULTIMATELY LEAVES COUNTRIES IN RUIN. HE ALSO CLAIMED COMMUNISTS RESORT TO POLITICAL ASSASSINATIONS AND ACCUSED DEMOCRATS OF CORRUPTION AND TRYING TO DESTROY AMERICA.
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> BINANCE CO-CEO YI HE: WE REMAIN COMMITTED TO EUROPE AND WILL KEEP WORKING WITH REGULATORS
BINANCE CO-CEO YI HE SAID EUROPE REMAINS AN IMPORTANT MARKET FOR BINANCE AND REAFFIRMED THE COMPANY’S COMMITMENT TO THE REGION DESPITE ONGOING REGULATORY HURDLES. SHE SAID BUILDING TRUST WITH REGULATORS TAKES TIME AND THAT BINANCE WILL CONTINUE WORKING CLOSELY WITH EU AND NATIONAL AUTHORITIES TO ADVANCE ITS COMPLIANCE EFFORTS. YI ADDED THAT CRYPTO SERVICE PROVIDERS, INCLUDING BINANCE, ARE EXPECTED TO BECOME MORE IMPORTANT GATEKEEPERS OF THE FINANCIAL SYSTEM THAN TRADITIONAL FINANCIAL INSTITUTIONS, DRIVEN BY UNDERLYING TECHNOLOGY AND MARKET ADOPTION. — LINK
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BINANCE CO-CEO YI HE SAID EUROPE REMAINS AN IMPORTANT MARKET FOR BINANCE AND REAFFIRMED THE COMPANY’S COMMITMENT TO THE REGION DESPITE ONGOING REGULATORY HURDLES. SHE SAID BUILDING TRUST WITH REGULATORS TAKES TIME AND THAT BINANCE WILL CONTINUE WORKING CLOSELY WITH EU AND NATIONAL AUTHORITIES TO ADVANCE ITS COMPLIANCE EFFORTS. YI ADDED THAT CRYPTO SERVICE PROVIDERS, INCLUDING BINANCE, ARE EXPECTED TO BECOME MORE IMPORTANT GATEKEEPERS OF THE FINANCIAL SYSTEM THAN TRADITIONAL FINANCIAL INSTITUTIONS, DRIVEN BY UNDERLYING TECHNOLOGY AND MARKET ADOPTION. — LINK
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> AAVE TARGETS $4.6 TRILLION SECURITIES LENDING MARKET WITH TOKENIZED STOCKS
AAVE FOUNDER STANI KULECHOV SAID THE PROTOCOL IS EXPANDING ITS TOTAL ADDRESSABLE MARKET FROM CRYPTO ASSETS TO ALL ASSET CLASSES THROUGH SECURITIES-BACKED LOANS AND SECURITIES LENDING. AAVE EXECUTIVE LUIGI D’ONORIO DEMEO SAID AAVE V4 WILL BRING TOKENIZED STOCKS TO ONCHAIN SECURITIES LENDING, ALLOWING USERS TO EARN BORROWING FEES DIRECTLY WITHOUT INTERMEDIARIES OR REHYPOTHECATION. HE ADDED THAT THE GLOBAL SECURITIES LENDING MARKET HAS ABOUT $4.6 TRILLION IN SECURITIES ON LOAN AND GENERATES ROUGHLY $35 BILLION IN ANNUAL REVENUE. — LINK
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AAVE FOUNDER STANI KULECHOV SAID THE PROTOCOL IS EXPANDING ITS TOTAL ADDRESSABLE MARKET FROM CRYPTO ASSETS TO ALL ASSET CLASSES THROUGH SECURITIES-BACKED LOANS AND SECURITIES LENDING. AAVE EXECUTIVE LUIGI D’ONORIO DEMEO SAID AAVE V4 WILL BRING TOKENIZED STOCKS TO ONCHAIN SECURITIES LENDING, ALLOWING USERS TO EARN BORROWING FEES DIRECTLY WITHOUT INTERMEDIARIES OR REHYPOTHECATION. HE ADDED THAT THE GLOBAL SECURITIES LENDING MARKET HAS ABOUT $4.6 TRILLION IN SECURITIES ON LOAN AND GENERATES ROUGHLY $35 BILLION IN ANNUAL REVENUE. — LINK
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> U.S. MILITARY CONDUCTS STRIKES IN THE STRAIT OF HORMUZ AREA | PER AXIOS
CENTCOM SAYS US AIRCRAFT STRUCK IRANIAN MISSILE AND DRONE STORAGE SITES AND COASTAL RADAR AFTER IRAN HIT THE SINGAPORE-FLAGGED EVER LOVELY WITH A DRONE YESTERDAY AS IT EXITED HORMUZ. CENTCOM CALLS IRAN’S ATTACK ON COMMERCIAL SHIPPING A CLEAR CEASEFIRE VIOLATION, AND SAYS US FORCES ARE STILL COORDINATING SAFE PASSAGE FOR VESSELS AND WILL KEEP ENFORCING THE AGREEMENT.
DEVELOPING
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CENTCOM SAYS US AIRCRAFT STRUCK IRANIAN MISSILE AND DRONE STORAGE SITES AND COASTAL RADAR AFTER IRAN HIT THE SINGAPORE-FLAGGED EVER LOVELY WITH A DRONE YESTERDAY AS IT EXITED HORMUZ. CENTCOM CALLS IRAN’S ATTACK ON COMMERCIAL SHIPPING A CLEAR CEASEFIRE VIOLATION, AND SAYS US FORCES ARE STILL COORDINATING SAFE PASSAGE FOR VESSELS AND WILL KEEP ENFORCING THE AGREEMENT.
DEVELOPING
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> IRAN'S REVOLUTIONARY GUARDS SAY U.S. FORCES ATTACKED SIRIK ISLAND, IRAN REPELLED ATTACK
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> HEAD OF THE IRANIAN PARLIAMENT'S NATIONAL SECURITY COMMITTEE SAYS TRUMP HAS SHOWN NO COMMITMENT TO PRINCIPLES OF NEGOTIATION OR CEASEFIRE
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> HEAD OF THE IRANIAN PARLIAMENT'S NATIONAL SECURITY COMMITTEE SAYS THE 'RECKLESS VIOLATION OF THE CEASEFIRE' WILL LEAD TO 'RETREAT AND REGRET' FROM U.S. SIDE
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