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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
06/30/2026 09:43 PM Circle Stock Drops as Open USD Stablecoin Challenges USDC
TLDR Circle stock dropped more than 16% after Open USD was announced. Open USD is backed by major firms including Visa, Mastercard, and BlackRock. The project introduces a revenue-sharing model that differs from USDC. Circle and Coinbase currently earn income from USDC reserve assets. Open USD allows users to mint and redeem tokens without fees. [...]
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06/30/2026 09:31 PM Cardone Capital Tops 2,700 BTC as Bitcoin Holds Near $59K
TLDR Cardone Capital increased its Bitcoin holdings to over 2,700 BTC during the recent price decline near $59,000. The firm funded its Bitcoin purchases using rental income from its real estate portfolio. Cardone Capital added 282 BTC earlier this month, valued at roughly $18 million at the time. The company holds about $200 million in [...]
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06/30/2026 09:04 PM UK Unveils Sweeping Crypto Rules to Boost Global Hub Ambitions
TLDR The UK Financial Conduct Authority introduced new crypto rules covering trading platforms, custody, and lending activities. The framework requires firms to hold capital based on their risk exposure and conduct annual stress tests. The crypto rules extend to stablecoin issuers with reduced capital requirements set at one percent. The regulator introduced market abuse controls [...]
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06/30/2026 08:52 PM Strategy Plan Sparks Debate as MSTR and STRC Stocks Jump
TLDR Strategy introduced a new capital framework that allows potential Bitcoin sales to raise liquidity. Strategy stocks MSTR and STRC recorded strong gains before easing in premarket trading. Benchmark reaffirmed a Buy rating and said the new model improves capital flexibility. Strategy shifted from pure Bitcoin accumulation to a more active balance sheet management approach. [...]
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06/30/2026 08:35 PM AVAX Treasury Collapse Raises Doubts Over Company Survival
TLDR Avalanche Treasury Corp told regulators it may not survive the year due to financial strain. The company cited “substantial doubt” about its ability to continue as a going concern. AVAX price declines led to major writedowns and over $26 million in quarterly losses. The firm’s AVAX holdings dropped to nearly half of their original [...]
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06/30/2026 07:33 PM SEC Invites Public Feedback on Emerging ETF Products and Prediction Market Instruments
The SEC has opened public consultation on innovative ETF products and prediction market funds, questioning how these emerging vehicles fit current regulations.
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06/30/2026 07:07 PM Binance Partners With Anchorage to Expand Institutional Crypto Trading Options
TLDR: Binance added Anchorage Digital to its Triparty Banking network for institutional crypto trading access. Eligible clients can trade on Binance while assets remain in segregated qualified custody off exchange. Institutions may pledge crypto, USD accounts, and selected tokenized assets as eligible collateral. The integration expands off-exchange settlement while improving capital efficiency for institutional trading. [...]
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06/30/2026 07:00 PM FanDuel vs BetMGM: Where ZunaBet Fits in the 2026 Landscape
The 2026 online betting landscape continues to be shaped by FanDuel and BetMGM, two names that pull in the bulk of US market share through major league deals, sharp mobile apps, and consistent advertising. But the picture is widening. Crypto-first operators have started occupying real ground in the same discussions, and ZunaBet — which launched [...]
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06/30/2026 06:58 PM MetaMask Introduces Money Account Featuring mUSD Rewards and Payment Integration
MetaMask's Money Account offers mUSD yield up to 4% APY, direct payments, and trading from one self-custody balance. Learn about the new crypto finance platform.
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06/30/2026 06:58 PM Circle (CRCL) Stock Plunges 13% as Major Firms Unite Behind Competing Stablecoin
Circle (CRCL) stock plummeted 13% after Visa, Stripe, Coinbase, and 140+ companies announced Open USD, a new stablecoin rival to challenge USDC dominance.
The post Circle (CRCL) Stock Plunges 13% as Major Firms Unite Behind Competing Stablecoin appeared first on Blockonomi.
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