> U.S. HOME PRICE GROWTH TOPS EXPECTATIONS
U.S. HOME PRICES ROSE 1.1% YEAR OVER YEAR ACROSS THE 20 LARGEST METRO AREAS IN APRIL, BEATING EXPECTATIONS AND ACCELERATING FROM MARCH, ACCORDING TO THE S&P CORELOGIC CASE-SHILLER INDEX.
ON A SEASONALLY ADJUSTED BASIS, PRICES WERE UNCHANGED, OUTPERFORMING FORECASTS FOR A SLIGHT DECLINE.
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U.S. HOME PRICES ROSE 1.1% YEAR OVER YEAR ACROSS THE 20 LARGEST METRO AREAS IN APRIL, BEATING EXPECTATIONS AND ACCELERATING FROM MARCH, ACCORDING TO THE S&P CORELOGIC CASE-SHILLER INDEX.
ON A SEASONALLY ADJUSTED BASIS, PRICES WERE UNCHANGED, OUTPERFORMING FORECASTS FOR A SLIGHT DECLINE.
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> DOZENS OF FINANCIAL FIRMS INCLUDING; VISA, STRIPE, MASTERCARD, BLACKROCK, AND COINBASE TO LAUNCH NEW STABLECOIN CALLED OUSD - WILL SHARE REVENUE AMONG PARTNERS: BBG
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> DOZENS OF FINANCIAL FIRMS INCLUDING; VISA, STRIPE, MASTERCARD, BLACKROCK, AND COINBASE TO LAUNCH NEW STABLECOIN CALLED OUSD - WILL SHARE REVENUE AMONG PARTNERS — LINK
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> DOZENS OF FINANCIAL FIRMS, INCLUDING VISA, MASTERCARD, STRIPE, BLACKROCK AND COINBASE, ARE REPORTEDLY LAUNCHING A NEW STABLECOIN, OUSD, WITH REVENUE SHARED AMONG PARTNERS
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> $MRK $ABBV - U.S. HOUSE COMMITTEE INVESTIGATES ABBVIE, MERCK CHINA DRUG TRIALS TO DETERMINE IF THEY FUELED CHINA'S MILITARY CAPABILITIES
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> CRYPTO FIRMS BECOME TOP U.S. POLITICAL DONORS
CRYPTO COMPANIES HAVE SPENT $189 MILLION ON THE 2026 U.S. MIDTERM ELECTIONS, SURPASSING THEIR 2024 TOTAL AND MAKING THE SECTOR THE LARGEST CORPORATE POLITICAL SPENDER.
THE INDUSTRY IS PUSHING FOR NEW CRYPTO LEGISLATION AFTER SECURING STABLECOIN REGULATION, WHILE AI, TECH AND ONLINE GAMBLING FIRMS HAVE ALSO SHARPLY INCREASED POLITICAL SPENDING.
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CRYPTO COMPANIES HAVE SPENT $189 MILLION ON THE 2026 U.S. MIDTERM ELECTIONS, SURPASSING THEIR 2024 TOTAL AND MAKING THE SECTOR THE LARGEST CORPORATE POLITICAL SPENDER.
THE INDUSTRY IS PUSHING FOR NEW CRYPTO LEGISLATION AFTER SECURING STABLECOIN REGULATION, WHILE AI, TECH AND ONLINE GAMBLING FIRMS HAVE ALSO SHARPLY INCREASED POLITICAL SPENDING.
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> BITCOIN ETFS SEE EIGHTH STRAIGHT OUTFLOW
BITCOIN ETFS RECORDED AN EIGHTH CONSECUTIVE DAY OF NET OUTFLOWS, WITH INVESTORS PULLING ANOTHER $231 MILLION, ACCORDING TO COINGLASS.
JUNE HAS SEEN $4.3 BILLION LEAVE BITCOIN ETFS—THE LARGEST MONTHLY OUTFLOW THIS YEAR—AS HIGHER INTEREST RATES BOOST DEMAND FOR BONDS OVER RISK ASSETS.
BITCOIN IS TRADING NEAR ITS YEARLY LOW.
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BITCOIN ETFS RECORDED AN EIGHTH CONSECUTIVE DAY OF NET OUTFLOWS, WITH INVESTORS PULLING ANOTHER $231 MILLION, ACCORDING TO COINGLASS.
JUNE HAS SEEN $4.3 BILLION LEAVE BITCOIN ETFS—THE LARGEST MONTHLY OUTFLOW THIS YEAR—AS HIGHER INTEREST RATES BOOST DEMAND FOR BONDS OVER RISK ASSETS.
BITCOIN IS TRADING NEAR ITS YEARLY LOW.
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> JUNE BLOCKCHAIN TECHNOLOGY UPDATE: BITCOIN CORE PRIVACY VULNERABILITY FIXED, GLAMSTERDAM POSTPONED, SOLANA SIMD OUTLOOK
BITCOIN CORE WARNS OF IP LEAK VIA PRIVATEBROADCAST; UPGRADE TO 31.1 AND DISABLE V2/PRIVATEBROADCAST. ETHEREUM, ZCASH, AND OTHERS REPORT UPGRADES, PRIVACY, AND SECURITY FIXES ACROSS NETWORKS. READ MORE: — LINK
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BITCOIN CORE WARNS OF IP LEAK VIA PRIVATEBROADCAST; UPGRADE TO 31.1 AND DISABLE V2/PRIVATEBROADCAST. ETHEREUM, ZCASH, AND OTHERS REPORT UPGRADES, PRIVACY, AND SECURITY FIXES ACROSS NETWORKS. READ MORE: — LINK
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> NEW YORK CITY APPROVES $125.8 BILLION BUDGET
NEW YORK CITY MAYOR ZOHRAN MAMDANI AND THE CITY COUNCIL AGREED ON A $125.8 BILLION BUDGET, ENDING DAYS OF TENSE NEGOTIATIONS.
THE DEAL INCLUDES $175 MILLION FOR THE CITY'S RENTAL ASSISTANCE PROGRAM AND MARKS THE FIRST BUDGET OF MAMDANI’S ADMINISTRATION BEFORE THE NEW FISCAL YEAR BEGINS.
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NEW YORK CITY MAYOR ZOHRAN MAMDANI AND THE CITY COUNCIL AGREED ON A $125.8 BILLION BUDGET, ENDING DAYS OF TENSE NEGOTIATIONS.
THE DEAL INCLUDES $175 MILLION FOR THE CITY'S RENTAL ASSISTANCE PROGRAM AND MARKS THE FIRST BUDGET OF MAMDANI’S ADMINISTRATION BEFORE THE NEW FISCAL YEAR BEGINS.
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> VISA, BLACKROCK AND COINBASE JOIN OPEN STANDARD’S NEW STABLECOIN OUSD
OPEN STANDARD ANNOUNCED OPEN USD (OUSD), A NEW STABLECOIN FOR GLOBAL PAYMENTS AND SETTLEMENT, WITH MORE THAN 140 COMPANIES JOINING ITS ECOSYSTEM, INCLUDING VISA, STRIPE, MASTERCARD, BLACKROCK, BNY, COINBASE, RIPPLE, GOOGLE, SHOPIFY, BYBIT, OKX AND SOLANA.
OUSD WILL USE A CONSORTIUM-GOVERNANCE MODEL, ALLOWING PARTNERS TO SHARE RESERVE EARNINGS AFTER A SMALL MANAGEMENT FEE AND PARTICIPATE IN GOVERNANCE RATHER THAN BEING CONTROLLED BY A SINGLE ISSUER. THE STABLECOIN WILL SUPPORT ZERO-FEE MINTING AND REDEMPTION, WITH NO ARTIFICIAL ISSUANCE LIMITS, AND IS EXPECTED TO GO LIVE LATER THIS YEAR. ZACH ABRAMS, CO-FOUNDER AND CEO OF STRIPE-OWNED BRIDGE, WILL SERVE AS OPEN STANDARD’S FOUNDING CEO.
FOLLOWING THE DEVELOPMENT, CRCL FELL NEARLY 13% INTRADAY TO $66.10. CIRCLE CO-FOUNDER AND CEO JEREMY ALLAIRE SAID STABLECOINS REPRESENT A KEY DIRECTION IN THE TRANSFORMATION OF INTERNET-BASED MONEY INFRASTRUCTURE. HE ADDED THAT USDC REMAINS ONE OF THE MOST WIDELY ADOPTED INSTITUTIONAL STABLECOINS, AND THAT CIRCLE WILL CONTINUE TO EXPAND THE USDC ECOSYSTEM, DEEPEN PARTNERSHIPS WITH BANKS, PAYMENT COMPANIES AND CAPITAL MARKETS FIRMS, AND SUPPORT THE GROWTH OF ADDITIONAL DOLLAR AND NON-DOLLAR STABLECOINS. — LINK
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OPEN STANDARD ANNOUNCED OPEN USD (OUSD), A NEW STABLECOIN FOR GLOBAL PAYMENTS AND SETTLEMENT, WITH MORE THAN 140 COMPANIES JOINING ITS ECOSYSTEM, INCLUDING VISA, STRIPE, MASTERCARD, BLACKROCK, BNY, COINBASE, RIPPLE, GOOGLE, SHOPIFY, BYBIT, OKX AND SOLANA.
OUSD WILL USE A CONSORTIUM-GOVERNANCE MODEL, ALLOWING PARTNERS TO SHARE RESERVE EARNINGS AFTER A SMALL MANAGEMENT FEE AND PARTICIPATE IN GOVERNANCE RATHER THAN BEING CONTROLLED BY A SINGLE ISSUER. THE STABLECOIN WILL SUPPORT ZERO-FEE MINTING AND REDEMPTION, WITH NO ARTIFICIAL ISSUANCE LIMITS, AND IS EXPECTED TO GO LIVE LATER THIS YEAR. ZACH ABRAMS, CO-FOUNDER AND CEO OF STRIPE-OWNED BRIDGE, WILL SERVE AS OPEN STANDARD’S FOUNDING CEO.
FOLLOWING THE DEVELOPMENT, CRCL FELL NEARLY 13% INTRADAY TO $66.10. CIRCLE CO-FOUNDER AND CEO JEREMY ALLAIRE SAID STABLECOINS REPRESENT A KEY DIRECTION IN THE TRANSFORMATION OF INTERNET-BASED MONEY INFRASTRUCTURE. HE ADDED THAT USDC REMAINS ONE OF THE MOST WIDELY ADOPTED INSTITUTIONAL STABLECOINS, AND THAT CIRCLE WILL CONTINUE TO EXPAND THE USDC ECOSYSTEM, DEEPEN PARTNERSHIPS WITH BANKS, PAYMENT COMPANIES AND CAPITAL MARKETS FIRMS, AND SUPPORT THE GROWTH OF ADDITIONAL DOLLAR AND NON-DOLLAR STABLECOINS. — LINK
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> BP DEPUTY CEO CAROL HOWLE TO RETIRE
BP: HOWLE TO RETIRE IN 3Q AFTER 26 YEARS WITH COMPANY
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BP: HOWLE TO RETIRE IN 3Q AFTER 26 YEARS WITH COMPANY
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> OPENAI ENGINEERS DEVELOPED NEW OPTIMIZATIONS CUTTING MODEL INFERENCE COSTS BY MORE THAN 50%, REQUIRING LESS NVIDIA CHIPS: THE INFORMATION
OPENAI MAY USE THESE SAVINGS TO LOWER API PRICING OR INCREASE USER QUERY LIMITS
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OPENAI MAY USE THESE SAVINGS TO LOWER API PRICING OR INCREASE USER QUERY LIMITS
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> PLUME AND FALCONX UNVEIL $1B RWA CREDIT FACILITY
FACILITATED THROUGH PARETO AND CURATED BY M11 CREDIT, THE VAULT PROVIDES EXPOSURE TO OVERCOLLATERALIZED LOANS ORIGINATED THROUGH THE FALCONX PRIME BROKERAGE PLATFORM. WITH A CAPACITY TO SCALE TO $1 BILLION, IT OPENS ACCESS AND EXPOSURE TO RWA STRATEGIES THROUGH COMPLIANT, PROGRAMMABLE VAULTS THAT WERE PREVIOUSLY INACCESSIBLE. — LINK
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FACILITATED THROUGH PARETO AND CURATED BY M11 CREDIT, THE VAULT PROVIDES EXPOSURE TO OVERCOLLATERALIZED LOANS ORIGINATED THROUGH THE FALCONX PRIME BROKERAGE PLATFORM. WITH A CAPACITY TO SCALE TO $1 BILLION, IT OPENS ACCESS AND EXPOSURE TO RWA STRATEGIES THROUGH COMPLIANT, PROGRAMMABLE VAULTS THAT WERE PREVIOUSLY INACCESSIBLE. — LINK
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> MORGAN STANLEY SEES MORE UPSIDE AFTER MIDDLE EAST CALM
MORGAN STANLEY SAYS THE MARKET ROTATION FOLLOWING EASING MIDDLE EAST TENSIONS STILL HAS ROOM TO RUN.
THE BANK SEES CATCH-UP OPPORTUNITIES IN SOUTH AFRICAN MINERS, UAE EQUITIES AND TURKISH BANKS, WHILE ENERGY AND CHEMICAL STOCKS HAVE LAGGED AS LOWER GEOPOLITICAL RISKS REDUCED DEMAND FOR OIL-LINKED SECTORS.
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MORGAN STANLEY SAYS THE MARKET ROTATION FOLLOWING EASING MIDDLE EAST TENSIONS STILL HAS ROOM TO RUN.
THE BANK SEES CATCH-UP OPPORTUNITIES IN SOUTH AFRICAN MINERS, UAE EQUITIES AND TURKISH BANKS, WHILE ENERGY AND CHEMICAL STOCKS HAVE LAGGED AS LOWER GEOPOLITICAL RISKS REDUCED DEMAND FOR OIL-LINKED SECTORS.
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> SPOT BTC ETFS ARE SET FOR THEIR WORST MONTH OF OUTFLOWS IN JUNE SINCE LAUNCHING IN JANUARY 2024, WITH OVER $4.1 BILLION LEAVING THE FUNDS — LINK
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