Morning Edition · Saturday, June 27, 2026

Markets
Strategy's Funding Model Draws Open Criticism as Preferred Shares Sink and ETF Money Exits
Ripple's chief executive called the Bitcoin treasury playbook "financial engineering" as Strategy's preferred stock traded near a 52-week low and spot funds shed billions.

Tech
Privacy Networks Reframe Confidential Execution as the Price of Institutional Adoption
Aztec and Miden argue that selective, credibly neutral privacy, not optional anonymity, is what serious on-chain use now requires.
Crypto
Fresh On-Chain Thefts Catalogued, Led by a Roughly 800,000-Dollar Stablecoin Drain
Security researchers reproduced several exploits, a reminder that mid-size DeFi losses keep accumulating even in a quiet market.

Crypto
Spain Confirms No Reprieve as Europe's Crypto Licensing Deadline Arrives
Non-compliant exchanges face restrictions from July 1, while outdated bank capital rules complicate the custody business regulators just opened.

Crypto
Ethereum Warned of a Funding Gap as Its Foundation Steps Back
A former Ethereum Foundation leader says the network must quickly build new institutions to pay for shared upgrades and security.

Macro
Stablecoins Are Becoming a Central Bank Concern Inside Treasury Markets
Research from the Bank for International Settlements places private dollar tokens closer to sovereign funding than the payments debate suggests.

Tech
Ethereum Researchers Propose a Fourth Protocol Layer Built Around Memory
A research post argues that treating state as a managed memory layer could reshape how the network scales beyond execution and data.

Crypto
Galaxy Cuts Odds of US Market-Structure Bill as Senate Calendar Shrinks
The CLARITY Act's chances of becoming law in 2026 fell to even, while opposition over consumer and accountability provisions grows.

Crypto
Securitize Heads to the NYSE as Tokenized Equities Gain Ground
The BlackRock-backed tokenization firm expects to raise about 400 million dollars, while tokenized-stock trading drives activity on Solana.

Crypto
Singapore Puts Hyperliquid on a Warning List as Its Value Secured Falls
The regulator's alert does not halt the network, but it shifts pressure to the interfaces users actually use.

Crypto
US Crypto Perpetual Futures Go Live, but Liquidity Favors Bitcoin Alone
A broad board of markets is now visible, yet depth and spreads may leave most traders confined to a single contract.

Crypto
Tally of Shuttered Crypto Projects Tops 60, Several Backed by Top Venture Funds
A data provider's count of protocol closures this year underscores the gap between funding raised and lasting usage.