AllUnity launched SEKAU on June 19, giving Europe a Swedish krona stablecoin under MiCA while dollar tokens still define most on-chain payments. The SEKAU stablecoin is live on Ethereum, Solana, Base, Tempo, and Polygon.The launch raises the question of usage. SEKAU can be compliant, fully reserved, and multi-chain, while still needing banks, market makers, treasury teams, tokenized-asset platforms, and payment companies to prove that SEK liquidity belongs on public chains.AllUnity said SEKAU is the first fully reserved and MiCA-compliant Swedish krona-backed stablecoin. The token is positioned as an E-Money Token, redeemable 1:1 against SEK and backed by segregated reserves.Its launch…
Author: cryphedge
Franklin Templeton filed proposals with the U.S. Securities and Exchange Commission (SEC) on June 18 to launch two ETFs that combine U.S. equities with Bitcoin exposure. The two funds plan to use dividends from the underlying index stocks to increase their Bitcoin exposure, rather than reinvesting those dividends in the equities. The filings show that the funds could become effective as early as September 1, though a trading start date has not been confirmed.How the Bitcoin DRIP ETFs Work“DRIP” stands for dividend reinvestment plan, a mechanism that uses dividends to buy additional shares rather than receive cash. With Franklin Templeton’s…
Calais Digital Assets has turned UBS uMINT collateral into a live trading workflow on Bybit, giving tokenized money-market funds a concrete margin use case rather than another issuance milestone.The setup runs across Bybit, ByCustody, and DigiFT, with the uMINT position remaining in custody while it is recognized as exchange collateral.The June 18 deployment is important because collateral that would typically sit as idle cash or cash equivalent can still earn money-market yield while supporting trading activity.For tokenized real-world assets, that shifts the discussion from issuance volume to market plumbing. The question is whether these instruments can become useful enough to…
The banking group, ICBA, is asking the Federal Reserve Bank of Kansas City to turn Kraken’s Fed account into an active renewal test before the initial one-year term expires.In a June 18 letter, the community-bank trade group urged the Kansas City Fed to immediately review whether Kraken Financial’s limited-purpose account remains consistent with the Fed’s account-access guidelines and to consider further restrictions, suspension, non-renewal, or termination if warranted.The request changes the tone around a limited-purpose Fed account that Kraken had framed in March as a direct-settlement milestone for crypto.The Kansas City Fed approved Wyoming-based Payward Financial, dba Kraken Financial, for…
Europe’s MiCA deadline is turning access and infrastructure into the same question: which crypto apps remain available, and who controls the rails underneath them?BitGo Europe GmbH announced a partnership with Bielik.io, a Warsaw-based crypto trading platform, to support regulated trading access across the EEA by integrating BitGo Europe’s Crypto-as-a-Service infrastructure.Through that integration, eligible Bielik.io users are expected to access deposits, supported digital asset trading, and custody via Bielik’s mobile app, while BitGo Europe provides the regulated infrastructure beneath.The deal is small enough to look like a normal platform partnership. It is also specific enough to show one route smaller European…
Crypto perps now have a US regulatory opening, but the next fight is over what those products legally are.The Commodity Futures Trading Commission and Securities and Exchange Commission opened the process June 18, seeking public comment on how to further define swaps, security-based swaps, mixed swaps, novel products, event contracts, and possible alternative compliance approaches.That now makes SEC-CFTC product definitions a market-structure issue that extends beyond a single listing and puts Kalshi’s Bitcoin perp approval at the center of a wider question over how US regulators classify crypto-native derivatives.The label matters because it can decide whether a product reaches US traders…
Three cryptocurrency wallets collectively generated $24.25 million in profit from World Cup prediction markets before routing their proceeds to the same Binance deposit address, raising questions about whether a single trader controlled the accounts.On June 21, blockchain analytics platform Lookonchain identified the wallets as mintblade, GRIMDRIP, and EndlessFate. The accounts recorded 13 winning positions from 16 settled World Cup bets, then stopped trading and removed their remaining funds, the platform said.Mintblade generated $9.24 million after winning five positions without a recorded loss. GRIMDRIP earned $7.6 million from two winning trades, while endlessFate made $7.41 million after correctly predicting six of nine outcomes.All three…
Africa has never been friendly to crypto. Despite incredible adoption numbers on the continent, African governments have met almost every crypto discussion with bans or warnings.However, some of its largest economies have abandoned that approach and are working to introduce licensing regimes, stablecoin oversight, and compliance rules designed to integrate digital assets into the financial system.The shift in sentiment and action taken by governments is the answer to a change in what crypto has become on the ground, where it’s become less of an investment and more of a payment system that millions of people already use for remittances, savings,…
Bitcoin dropped below $60,000 by mid-June after a punishing start to the month, but the figure drawing the most attention across trading desks is the June 26 Bitcoin options expiry, with over $10 billion of contracts set to expire and roughly 80% currently sitting out of the money.Chart showing the open interest for Bitcoin options on Deribit by expiry date on June 18, 2026 (Source: CoinGlass)In equity markets, zero-days-to-expiry options now make up well over half of daily S&P 500 index options volume, up from around 5% in 2020.Those two numbers come from very different corners of finance, but they…
USDT remains the largest dollar stablecoin, but the composition of the reserves backing it is again a talking point. In particular, a perceived slowdown in the growth of Tether’s gold holdings relative to USDT supply has traders reassessing what that means for peg resilience, liquidity, and policy direction. This article unpacks where gold fits inside Tether’s reserve framework, why the mix may be shifting, and what the issuer’s June 2026 moves imply for users. You’ll get a clear playbook for monitoring disclosures, comparing stablecoin options, and avoiding common misreads. No hype, just a pragmatic read on the signals — and…
