befla – Page 7 – BEFLA

Wall Street is buying DeFi tokens again, even as everyone worries the code is unsafe

2026-06-10, 3:25 PM by befla

The total value locked (TVL) on DeFi fell from $172 billion to $148 billion as the sector logged $635 million in exploit losses across April alone. Coinbase Ventures bought Ethena’s ENA token on the open market, Janus Henderson took its own strategic ENA position, and Morpho closed a $175 million round structured entirely around the … Read more

Crypto’s killer app may be selling stocks after its own tokens failed retail

2026-06-10, 1:26 PM by befla

A Delphi Consulting analysis of 652 CEX listings from January 2025 onward found that a user buying every new token across Binance, Bybit, Coinbase, Gate.io, and Kraken would have kept roughly 50 cents on the dollar. The win rate across all listings was 12%, 52% of tokens lost more than 80%, and the median return … Read more

CLARITY Act momentum slows to a crawl as lawmakers clash over crypto ethics rules

2026-06-10, 11:26 AM by befla

Bipartisan Senate talks over crypto ethics turned rocky this week after a Democratic source described an “about-face” by GOP members and the White House on a prior enforcement agreement. The disputed provision would have allowed state attorneys general to sue the Justice Department for failing to enforce certain crypto ethics requirements. As Punchbowl News and … Read more

61 Crypto Leaders Urge Senate to Pass CLARITY Act With Developer Protections

2026-06-10, 4:24 AM by befla

A coalition of 61 industry leaders, founders, and investors is urging Senate leaders to pass the CLARITY Act while preserving key developer protections. The push follows Senate Banking Committee approval of the Blockchain Regulatory Certainty Act (BRCA) that would clarify rules for developers and service providers. Developer Protections Move to Center of US Crypto Regulation … Read more

Coinbase, Ripple Join 200+ Organizations Pressing Senate for CLARITY Act Floor Vote

2026-06-10, 2:25 AM by befla

Coinbase, Ripple, and more than 200 organizations are pushing Senate leaders to bring the CLARITY Act to a floor vote. Supporters say the bill would clarify crypto oversight, create registration paths, and keep more digital asset activity under U.S. law. Crypto Coalition Turns Senate Pressure Toward a Floor Vote Washington’s digital asset debate has moved … Read more

Crypto exchanges are losing retail traders but are filling the gap with Wall Street-style bets

2026-06-10, 1:26 AM by befla

Crypto exchanges are seeing the weakest retail-driven activity in years, but some of the biggest platforms are finding a lucrative new source of volume in Wall Street-style bets on gold, silver, oil, stocks, and indexes. According to a CryptoQuant report shared with CryptoSlate, the shift is emerging during one of the weakest trading periods for … Read more

Bitcoin traders blamed Saylor’s 32 BTC sale but larger selling pressure built elsewhere

2026-06-10, 1:26 AM by befla

Bitcoin traders have identified Michael Saylor as a new suspect in the latest sell-off, while the numbers tell a different story. Strategy disclosed in a June 1 Form 8-K that it sold just 32 BTC between May 26 and May 31 for $2.5 million, at an average net price of $77,135, with proceeds earmarked to … Read more

Bitcoin’s $10 billion liquidation wave reveals why the AI boom is hurting crypto

2026-06-10, 1:26 AM by befla

Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market. The largest cryptocurrency by market value fell nearly 14% last week, triggering almost $10 billion in liquidations of long futures as traders who had … Read more

FTX token (FTT) spikes 50% as Sam Bankman-Fried seeks presidential pardon

2026-06-10, 1:26 AM by befla

Sam Bankman-Fried (SBF), the disgraced founder of the bankrupt FTX exchange, is serving a quarter-century in federal prison for orchestrating one of the largest financial frauds in US history. Yet, crypto speculators are wagering that a newly filed presidential pardon application could somehow reverse his fortunes. This week, the disgraced FTX founder officially requested executive … Read more

World Cup prediction markets hit $2B before kickoff as Spain and France go head to head

2026-06-10, 1:26 AM by befla

The FIFA World Cup has become a multibillion-dollar trading event before its June 11 kickoff, with prediction-market traders nearly split on whether Spain or France should be treated as the team to beat in the tournament. Polymarket data show Spain and France each trading near a 16% implied chance of winning the tournament, ahead of … Read more