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Benchmark Equity Research has maintained its 'Buy' rating and a $16 price target for tokenization infrastructure firm Securitize ahead of its planned listing on the New York Stock Exchange (NYSE), The Block reported. Last week, the U.S. SEC declared the company's merger registration statement effective, with a shareholder vote scheduled for June 29. If approved, the merged entity will trade on the NYSE under the ticker 'SECZ'. Benchmark analyst Mark Palmer explained that the company's stock could prove to be a positive exception at a time when investor sentiment for digital asset-related stocks is at a low point. However, the research firm also cited regulatory uncertainty, the pace of adoption, and dependency on partners as potential risks. Securitize supports the operation of BlackRock's BUIDL fund and had $3.4 billion in tokenized assets under management as of March 31.

The Delaware House of Representatives has passed a bill to ban the operation of cryptocurrency ATMs statewide in an effort to prevent fraud and protect consumers, Decrypt reported. The measure, which has been sent to the state Senate, also requires existing ATMs to be shut down and removed within 90 days. Other states, including Indiana, Tennessee, and Minnesota, have previously enacted similar bans.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig announced via X that the agency has initiated a public comment period for new regulations on prediction markets. He added that the proposal aims to establish a framework for evaluating the types of events suitable for betting, with the goal of balancing market integrity and innovation, and noted that this would not be the final regulation. The Wall Street Journal (WSJ) previously reported that the CFTC had unveiled a proposal to permit sports-related betting while completely banning wagers on events with a high potential for insider trading, such as wars, terrorism, and assassinations.

The Bank of Canada held its benchmark interest rate steady at 2.25% on June 10. The decision, which keeps the rate at its previous level, was in line with market expectations.

Ripple has launched a developer toolkit on the XRP Ledger (XRPL) for building AI agent payment applications, The Block reported. The starter kit includes support for x402 payments using XRP and RLUSD. x402 is an open, internet-native payment standard based on HTTP.

BlackRock has submitted what appears to be the final version of its revised S-1 filing for the new iShares Bitcoin Premium Income ETF (BITA) to the U.S. SEC, Bloomberg ETF analyst Eric Balchunas reported on X. The proposed fee is 65 basis points, higher than its existing spot BTC ETF (IBIT) but lower than competing covered call products. Balchunas added that BlackRock appears to be accelerating its launch timeline to gain a first-mover advantage before Goldman Sachs can launch a competing BTC ETF. A covered call product limits potential gains from a rise in the underlying asset's price—in this case, BTC—but offers the potential for high dividend yields, particularly in low-volatility environments.

According to CoinNess market monitoring, BTC has risen above $62,000. BTC is trading at $62,038 on the Binance USDT market.

The three major U.S. stock indices opened lower today. - S&P 500: -0.50% - Nasdaq: -0.71% - Dow Jones: -0.50%

Curve Finance (CRV) has launched Llamalend v2 on Optimism (OP) as the first step in upgrading its lending infrastructure, according to The Block. The v2 update removes the previous restriction requiring pairs to include crvUSD, allowing for the creation of lending markets with virtually any combination of collateral and borrowed assets. Notably, liquidity providers can use their Curve LP tokens as collateral, enabling them to borrow against their positions without having to exit them. For now, the Optimism market will operate with a borrowing cap of zero, permitting only deposits. A rewards campaign is scheduled to begin on June 16, following a seven-day DAO vote to establish the borrowing limits. Deployment on the Ethereum mainnet is expected in the second half of this year.

AI Financial Corp. (AIFC), a publicly traded company formerly known as Alt5 Sigma that partnered with the Trump family on cryptocurrency, announced it holds $380 million in WLFI, half of which can be used for collateral and staking. The company clarified that the disclosure should not be interpreted as an intent to sell or otherwise use the assets. With this move, AI Financial Corp. aims to alleviate concerns about its business continuity and potential delisting that arose after a sharp decline in its stock price.

Pharos Network (PROS), a finance-focused Layer 1 blockchain, announced today the launch of its summer campaign, 'PROS Never Sleeps: The Alpha Summer,' offering PROS token rewards. The campaign will unfold in three stages, allowing participants to earn PROS by: - Predicting World Cup match results - Developing AI agents and applications for the Pharos ecosystem - Depositing funds into its RealFi vault The Pharos team emphasized that the campaign aims to use the native PROS token as a key driver to foster on-chain economic activity and build a self-sustaining and sustainable ecosystem.

BlackRock, the world's largest asset manager and a spot Bitcoin ETF issuer, deposited 1,564 BTC, worth approximately $96.49 million, to Coinbase, according to Onchain Lens. The deposit may be part of the operational process for its spot crypto ETF, such as settling redemptions related to fund flows.

Prediction market platform Myriad has exclusively selected Chainlink (LINK) to serve as the oracle infrastructure for its 2026 FIFA World Cup match prediction markets, Decrypt reported. The integration will automate the resolution and settlement of market outcomes. Myriad already utilizes the Chainlink Runtime Environment (CRE) for its cryptocurrency price prediction markets, and the CRE will also handle the resolution and settlement for the upcoming World Cup markets. Myriad co-founder and COO Ilan Hazan explained that the integration with Chainlink will enable nearly instantaneous market settlements and user payouts, adding that "traders want reliable results the moment the whistle blows."

Pyth Network (PYTH) has launched Pyth indices, a new product tracking U.S. stocks, gold, silver, and crude oil, The Block reported. The move is seen as an effort to follow competitors such as Stork, Hyperliquid (HYPE), and Chainlink (LINK), which have released similar offerings. Platforms supporting the new indices include Coinbase (COIN), Kraken, dYdX, and Nado. Pyth Network plans to expand the product line to include thematic indices and custom solutions.

Bitcoin (BTC) financial services application Fold (FLD) announced it has sold approximately $45 million worth of its BTC holdings at an average price of around $71,000. The company used the proceeds to fully repay a $20 million secured debt, with the remaining $25 million in cash to be invested in business growth. Fold explained that the sale has secured liquidity and improved its monthly net cash flow, adding that it will continue to hold a certain amount of Bitcoin.

Inflation data meeting expectations does not mean it is a positive report, said Brian Jacobsen, chief economist at Annex Wealth Management. He added that there is no clear evidence in the overall data that rising energy commodity prices are spilling over into core inflation. Jacobsen emphasized that time is running out to open the Strait of Hormuz, whether by force or ceasefire. Because the Fed will not speculate on when this issue might be resolved, he argued, President Trump must provide a clear answer before the central bank's next meeting.

Bitcoin's decline could be a leading signal for the U.S. stock market, according to a post on X by Mike McGlone, a senior commodity analyst at Bloomberg Intelligence. He noted that the S&P 500 has been strong, with only two down years since Bitcoin's launch in 2009, while the BTC-to-gold ratio and the U.S. stock market-to-GDP ratio have been falling. "As of June 10, the stock market cap-to-GDP ratio is about 2.5 times, its most extreme level in 100 years. Even a slight decline could have significant repercussions," McGlone said. He suggested that the so-called "crocodile-jaws" pattern—where stock prices rise while the BTC-to-gold ratio collapses—may be unsustainable. "The best-case scenario is that the crypto market recovers, following the stock market, which is hitting new all-time highs," he added. "On the other hand, there's a possibility that BTC could be pushed aside by other cryptocurrencies. With its mean-reverting tendency, BTC may be pricing in a potential normalization for the stock market."

ZEC has risen by 3.51% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $428.98.

The U.S. Department of Labor announced that the Consumer Price Index (CPI) for May rose 4.2% from the same month last year, in line with market expectations. Core CPI, which excludes volatile food and energy prices, increased 2.9% year-over-year, also meeting forecasts. Cryptocurrencies, classified as risk assets, are influenced by the CPI as it is a key inflation indicator that affects the Federal Reserve's interest rate decisions. A higher-than-expected CPI could prompt the Fed to consider a rate hike, while a lower reading could create room for a rate cut. Risk assets tend to rally on interest rate cuts, which are viewed as an expansion of market liquidity.

Talks between the United States and Iran are still ongoing, Fox News reported.

An anonymous whale address beginning with 0xebe has opened a $49.55 million, 5x leveraged long position in BTC on Hyperliquid (HYPE), Onchain Lens reported. The position has an entry price of $61,308 and a liquidation price of $49,704. The same address previously lost over $3.4 million in trading and is currently showing an unrealized loss of more than $260,000 on this new position.

Bitcoin mining company Kiln Infrastructure (KEEL) announced the completion of a $458 million convertible note offering. The notes, which mature in 2032, carry an annual interest rate of 1.25%. The conversion price is set at $7.41, a 25% premium over the company's closing stock price of $5.93 on June 4. The funds raised will be used to accelerate the development of its data centers.

Token offerings through Initial Exchange Offerings (IEOs), Initial Coin Offerings (ICOs), and Initial DEX Offerings (IDOs) raised only $58 million in the second quarter of this year, marking the worst quarter in the last five years, CryptoRank reported on X. This figure represents an 85% decrease from the previous quarter. The number of offerings also plummeted by 65%, from 105 in the first quarter to 37 in the second. May saw only 13 token sales, the lowest monthly total since December 2020, which had four. The fundraising market has been in a steady decline since its peak in the first quarter of 2025, when it raised approximately $849 million across 429 offerings.

U.S. equipment finance company Trad.Fi plans to tokenize up to $650 million in equipment loan receivables on-chain over the next four years, Cointelegraph reported. The tokenization will be conducted on the Base, Arch, and Avalanche chains using infrastructure from W3, an AI-powered blockchain platform. The company clarified that the $650 million represents future loan issuances rather than already disbursed funds, explaining that its goal is to reduce loan approval times from several weeks or months to a single business day.

Israel is preparing to strike Iran, according to Walter Bloomberg. Israel had briefly paused its attack on Iran around midnight on June 9.