SpaceX has unveiled its first-generation AI1 orbital compute satellite to power space-based data centers, circumventing terrestrial power grids through a massive 150 kW solar array and modular infrastructure. The breakthrough announcement comes as institutional demand for SpaceX (SPCX)'s historic June 12 IPO hits $150 billion, rendering the record-breaking $75 billion capital raise two times oversubscribed.

Shiba Inu (SHIB) slid to fresh local lows after breaking a multi-month rising channel, with RSI dropping below 30 while price remains under key moving averages. Hyperliquid (HYPE) bounced after falling from around $76 and briefly dipping under $60, recovering toward the $65 area. Bitcoin (BTC) is attempting to base around $60,000-$63,000 after a rapid move from above $80,000 to near $60,000, though it still trades below major moving averages.

Blockchain investigator ZachXBT said the UK's sanctions tied to HTX are excessive, arguing that compliance "address tainting" is spilling over to regular users whose wallets once interacted with the exchange. After the UK designated Huobi Global S.A. on May 26, 2026, some users reported frozen funds and extra checks at other platforms, while HTX later delisted WLFI's USD1 on June 7 and converted balances to USDT at a 1:1 ratio.

An open letter dated June 7 from a coalition of more than 200 crypto firms and advocacy groups asked Senate leaders to schedule a floor vote on the CLARITY Act ahead of the Aug. 10 recess. The bill would clarify how the SEC and CFTC oversee digital asset markets and set registration paths and protections for software developers, while some banking voices and academics argue it could raise financial-system risks.

A new Pew Research Center survey says crypto participation in the U.S. is holding at 19% of adults who have invested in or used digital assets. The poll shows a wider political gap than in prior years, with Republicans at 22% versus Democrats at 17%, alongside notable differences by age, gender, and income.

Seoul police reportedly carried out a second compulsory search at Bithumb's Gangnam-gu headquarters on June 8, 2026, as part of a corruption investigation involving independent lawmaker Kim Byung-ki. The case centers on allegations that Kim sought a job at the exchange for his second son, who was reportedly hired in early January 2025 and worked there for about six months. Bithumb has said the hiring process followed normal procedures, while police have indicated the wider probe still requires further work.

Sportradar reached a multi-year global agreement to supply sports data and related services to prediction market platform Kalshi. After the announcement, SRAD shares rose 9.06% and were trading at $15.16, while Needham lifted its price target to $23 from $19 and kept a Buy rating. Needham also said prediction markets can deliver more revenue per dollar of volume for data providers than traditional sportsbooks.

Markets are largely pricing the Federal Reserve to keep its 3.50%–3.75% target range unchanged at the June 16–17 meeting, which will be Kevin Warsh’s first as FOMC chair. Expectations are clustered around a hold for June 17, 2026, while traders also focus on the updated dot plot and projections for clues on whether cuts slip deeper into 2027.