State Street Enters Stablecoin Reserve Race, Joins Blackrock and Goldman With New Genius Act Fund
BitcoinBitcoin.com News2026-06-16 15:20
State Street Investment Management launched a dedicated money market fund for stablecoin issuers on June 8, 2026, becoming the fourth major financial ...
State Street Investment Management launched a dedicated money market fund for stablecoin issuers on June 8, 2026, becoming the fourth major financial institution to target one of Wall Street’s fastest-growing reserve management niches. Fund Basics The State Street Stablecoin Reserves Money Market Fund operates under SEC Rule 2a-7 and holds only assets eligible under the […]
Robinhood Cuts 290 Jobs at Record Volume, HOOD Shares Jump 5%
BitcoinBitcoin.com News2026-06-16 14:40
Robinhood Markets cut roughly 290 full-time positions on June 16, 2026, absorbing an estimated $28 million in restructuring charges while the company’...
Robinhood Markets cut roughly 290 full-time positions on June 16, 2026, absorbing an estimated $28 million in restructuring charges while the company’s trading volumes sit at all-time highs. A Lean Team at Peak Volume The company filed a Form 8-K with the SEC disclosing a reduction in force affecting approximately 10% of its full-time workforce. […]
Hype Jumps 11.6% to New High as Hyperliquid Extends Rally and Triggers $11.5M Squeeze
BitcoinBitcoin.com News2026-06-16 13:40
On Tuesday, the digital asset HYPE jumped over 11% to hit a new all-time high of $76.90, bouncing back from a recent June 11 low of $53. Supply Dynami...
On Tuesday, the digital asset HYPE jumped over 11% to hit a new all-time high of $76.90, bouncing back from a recent June 11 low of $53. Supply Dynamics and Upcoming Token Unlocks On June 16, HYPE continued its uptrend, jumping by more than 11% to breach the $76 mark. The digital asset’s latest surge […]
Spot HYPE ETFs Draw $153 Million in First Month as Volume Nears $900 Million
BitcoinBitcoin.com News2026-06-16 11:40
Spot HYPE exchange-traded funds (ETFs) have pulled in roughly $153 million in net inflows and nearly $900 million in cumulative trading volume in thei...
Spot HYPE exchange-traded funds (ETFs) have pulled in roughly $153 million in net inflows and nearly $900 million in cumulative trading volume in their first month, with the figures spanning three competing U.S. products launched within weeks of one another. A Strong Debut for a New Asset Class Three spot HYPE ETFs have attracted about […]
Coinbase CEO Brian Armstrong: ‘Time to Revisit’ US Accredited Investor Laws
BitcoinBitcoin.com News2026-06-16 10:40
Coinbase CEO Brian Armstrong called for an overhaul of U.S. accredited investor laws, arguing the rules lock ordinary Americans out of the market’s bi...
Coinbase CEO Brian Armstrong called for an overhaul of U.S. accredited investor laws, arguing the rules lock ordinary Americans out of the market’s biggest gains. He said companies now stay private far longer, leaving retail investors to buy in only after the upside is gone. Armstrong Targets the ‘Accredited Investor’ Gate In a post on […]
Binance Research: April DeFi Exploits Triggered $13 Billion in Outflows
BitcoinBitcoin.com News2026-06-16 09:40
A wave of April exploits drove roughly $13 billion out of decentralized finance, sharply compressing total value locked and pushing onchain leverage b...
A wave of April exploits drove roughly $13 billion out of decentralized finance, sharply compressing total value locked and pushing onchain leverage back to 2021 levels. A $13 Billion Wipeout in Days Binance Research reported that April’s decentralized finance ( DeFi) exploits triggered around $13 billion in outflows, draining total value locked (TVL) across lending […]
Elon Musk’s Net Worth Hits $1.3 Trillion as SpaceX Nears $3 Trillion Valuation
BitcoinBitcoin.com News2026-06-16 08:41
Elon Musk’s net worth climbed to roughly $1.3 trillion as SpaceX shares extended a blistering post-listing rally toward a $3 trillion valuation. The s...
Elon Musk’s net worth climbed to roughly $1.3 trillion as SpaceX shares extended a blistering post-listing rally toward a $3 trillion valuation. The surge followed the largest initial public offering (IPO) in history and widened Musk’s lead as the richest person on the planet. SpaceX Rally Pushes Musk Past $1.3 Trillion Musk’s fortune rose by […]
Securitize Brings AAA CLO Fund to Solana as Ethena Commits $250 Million
BitcoinBitcoin.com News2026-06-16 07:40
Securitize has expanded its tokenized AAA CLO fund, STAC, to Solana, with Ethena Labs planning a $250 million allocation. The move adds one of the lar...
Securitize has expanded its tokenized AAA CLO fund, STAC, to Solana, with Ethena Labs planning a $250 million allocation. The move adds one of the largest tokenized structured credit commitments yet to Solana’s growing real-world asset market. Ethena Backs Solana RWA Push With Investment in Securitize Fund Securitize is bringing its tokenized AAA CLO fund […]
Bybit and Plume Launch RWA Earn With Access to PIMCO Fixed Income Products
BitcoinBitcoin.com News2026-06-16 06:40
Plume has partnered with Bybit to bring institutional fixed income products to users through Bybit Earn. The new RWA Earn offering lets eligible users...
Plume has partnered with Bybit to bring institutional fixed income products to users through Bybit Earn. The new RWA Earn offering lets eligible users deploy idle stablecoins into tokenized products tied to PIMCO and CMB International strategies. Bybit Lets Users Deploy Stablecoins Into Tokenized Bond Products Plume has partnered with Bybit to launch institutional fixed […]
Albert Dadon Says SWIFT’s Russia Ban Exposed Why Neutral Financial Rails Can Fail
BitcoinBitcoin.com News2026-06-16 05:40
The 2022 disconnection of Russian banks shattered the illusion that SWIFT was a politically neutral financial rail. It exposed a critical flaw in glob...
The 2022 disconnection of Russian banks shattered the illusion that SWIFT was a politically neutral financial rail. It exposed a critical flaw in global financial utilities: having a democratic board matters little if a centralized legal entity is forced to comply with local laws. The Geopolitical Fracture of Legacy Rails For decades, the global financial […]