Morning Edition · Thursday, June 25, 2026
Geopolitics
Wall Street Journal Ties $3.84 Billion in Iran Flows to Exchange CoinEx, Which Denies State Links
An investigation of public blockchain data identifies a single exchange as central to Iran's effort to move money around United States sanctions. The exchange says it has since tightened controls.
Markets
Bitcoin Holds Near $59,600 After Breaking Below $60,000 as Crypto Tracks the AI Equity Trade
On-chain data frames the move as a failure of demand rather than forced selling, and a United States inflation reading due Thursday will test the new support level.
Markets
Strategy Shares Fall Below $100 for First Time Since 2024 as Its Bitcoin Funding Model Strains
The largest corporate Bitcoin holder holds roughly $10.6 billion in unrealized losses, and its variable-rate preferred stock is trading under the par value it is designed to maintain.
Tech
Ethereum Researchers Map a Path to Native Post-Quantum Private Transfers
A new research post sets out how the network could combine confidentiality with quantum-resistant cryptography at the base layer, treating privacy migration as more urgent than signature migration.
Crypto
Privacy Chains Reframe Confidentiality as a Prerequisite for Serious On-Chain Use
Aztec and Miden publish arguments that privacy without credible neutrality is not genuine privacy, sharpening a contest over who controls the ability to disable confidential transactions.
Crypto
DeFi Security Roundup: Mid-Six-Figure Drains Hit Juicebox, DLMC and SingularityDynaVault
Newly published proof-of-concept reproductions document a cluster of smaller exploits, each traced to accounting or validation flaws rather than high-profile bridge failures.
Crypto
Ripple's RLUSD Stablecoin Goes Live in Japan Under One of the World's Strictest Regimes
Japan's regulator cleared the dollar-backed token under a new category of payment instrument, opening institutional and retail distribution through SBI VC Trade.
Crypto
Ethereum Debates Cutting Issuance, Reopening the Fight Over How to Fund Shared Security
A technical proposal outlines how the network could lower or zero staking rewards while adjusting penalties, weighing validator yield against collective investment.
Crypto
MemeCore's M Token Falls 80% With No Exploit or Announcement to Explain It
A token that an on-chain investigator had earlier described as insider-supported lost close to $3 billion in market value in hours, with no public trigger.
Crypto
Law Enforcement and Faith Groups Warn the CLARITY Act Could Open Crypto-Crime Loopholes
As Washington moves on market-structure rules, critics target a provision they say would exempt some operators from anti-money-laundering checks, while the president delays a separate central-bank-currency ban.
Crypto
Public Liquidations on Hyperliquid Turn Whale Positions Into a Tradable On-Chain Signal
Transparent leverage and visible address trails let traders watch large positions approach their liquidation points in real time, a structural property of fully on-chain perpetuals.
Crypto
Tokenized SpaceX Bets Take $50 Million in Liquidations as Crypto Leverage Wraps Around Private Equity
A perpetual contract tied to a privately held company shows the demand to put leveraged equity exposure on-chain, and the difficulty of pricing an asset with no public market.