U.S. spot bitcoin ETFs experienced their worst month ever in June, with $4.5 billion in net outflows, surpassing the previous record of $3.48 billion in February 2025. BlackRock's IBIT, the largest bitcoin ETF by assets, accounted for $3.55 billion of these outflows, including $212 million on June 30 alone. Total assets under management in these ETFs dropped from about $83 billion at the start of June to roughly $71 billion by month-end. The outflow trend may have been influenced by two key events: the highly successful debut of SpaceX's stock on June 12, which attracted massive retail investment, and the Federal Reserve's June meeting under new chair Kevin Warsh, which signaled a shift toward interest rate hikes and removed expectations for rate cuts, prompting institutions to reduce exposure to volatile assets like bitcoin ETFs.
Elon Musk has confirmed that his company is in discussions with Terafab, marking a potential new chip manufacturing partner alongside Intel, which has been the only named chip partner until now. This development could diversify the supply chain and e...
Oracle director Stephen Rusckowski purchased $3.5 million in Oracle shares, signaling insider confidence despite the stock's nearly 30% drop in 2026. This follows Oracle founder Larry Ellison canceling a large share sale, reinforcing positive insider...
Polymarket has rolled out Protocol V2, a major upgrade to its prediction market platform that consolidates all outcome shares into a single ERC-1155 contract and standardizes settlement in pUSD collateral. The new architecture replaces the older Gnos...
Kenmare Resources plc shares surged 29% to 234.00p following confirmation of a non-binding cash takeover proposal from International Resources Holdings RSC Ltd. The offer would cover all existing and yet-to-be-issued shares of Kenmare. Discussions ar...
International Seaways reported a 104.7% year-over-year increase in TCE revenue and a 422.5% jump in net income for the first half of fiscal 2026, driven by high spot charter rates amid Middle East geopolitical tensions. The company pays out 85% of ad...
