Meta Platforms is facing fresh regulatory pressure in Europe as the European Union prepares to escalate its investigation into whether Facebook and Instagram use design features that are addictive to children. The developments place Meta at the centre of two major stories at once. In Europe, the company is facing closer scrutiny over the impact
Scottish Mortgage Trust share price has retreated sharply this week, continuing a downward trend that started on June 3. SMT stock has slumped to 1,357p, its lowest level since April 14, and 13% below its highest level this year. This retreat has coincided with the ongoing SpaceX sell-off that has erased billions of dollars in
Meta Platforms is reportedly developing a standalone prediction markets app called Arena, signaling a potential move by one of the world’s largest technology companies into a fast-growing category currently led by Polymarket and Kalshi. The project was reportedly directed by Meta Chief Executive Mark Zuckerberg and is being developed by a small internal team. Arena
Cardano ecosystem project SecondFi is facing mounting scrutiny after a wallet-related security incident, with independent analysis suggesting user losses could exceed $20 million. SecondFi said the incident was linked to an issue in its native Cardano web wallet-generation software and initially estimated the impact at about 16 million ADA. Based on recent ADA pricing, that
Cboe Global Markets has launched the first products in its new prediction markets suite, Cboe Predicts, expanding its S&P 500-linked product lineup with binary options tied to the Mini-S&P 500 Index. The first contracts, listed under the symbols XSPBW and XSPBX, are based on XSP, the Mini-S&P 500 Index, which is designed to track one-tenth
U.S. spot crypto exchange-traded funds recorded nearly $200 million in combined net outflows on June 23, as both Bitcoin and Ether products faced redemptions despite selective inflows into several competing funds. Spot Bitcoin ETFs posted $113.8 million in net outflows for the day, according to fund-level flow data. BlackRock’s IBIT drove the decline with $182.0
Binance Research says on-chain tokenized assets have grown 589% since early 2025, rising to more than $31 billion as institutional issuers increasingly move traditional financial products onto blockchain infrastructure. The figures point to one of the fastest-growing areas of digital assets at a time when broader crypto markets have faced pressure from macroeconomic uncertainty, interest-rate
Chainlink has joined a multinational banking initiative involving 47 European and South Korean banks to develop near real-time cross-border foreign exchange settlement, marking one of the largest institutional experiments yet in stablecoin-based payment infrastructure. The initiative, called Project Pangea, brings together Chainlink, Qivalis and UniKA to test atomic payment-versus-payment settlement between euro- and Korean won-denominated
The U.S. Senate could release dedicated crypto tax legislation as early as fall 2026, potentially giving the digital asset industry a long-awaited framework for how tokens, stablecoins, staking rewards and decentralized finance activity should be treated under federal tax law. The expected timeline comes as lawmakers continue to separate crypto tax policy from broader market-structure
Key Facts KuCoin Pay announced on 24 June 2026 the expansion of its transfer-based payment capabilities across Bangladesh, Mexico and Zambia. The rollout connects digital assets with local rails: bKash and Nagad in Bangladesh, SPEI-compatible bank transfer routes in Mexico, and MTN and Airtel mobile money in Zambia. KuCoin Pay routes payments through local transfer