Analysis Archive – Page 59

SBI to Buy Bitbank for $289M to Become Japan's Largest Crypto Exchange
SBI Holdings will pay 46.7 billion yen for full control of Bitbank, lifting its combined custody to about 1.1 trillion yen and 2.92 million accounts.

Coinbase's Base Stalls Block Production in an Hour-Plus Outage
Base, Coinbase's Ethereum layer-2, stopped producing blocks for over an hour on June 25, 2026, freezing deposits and withdrawals and reviving its single-sequencer debate.

Uphold Brings the XRP-Backed Exa Credit Card to Select US States
Uphold is promoting the Exa Credit Card inside its app, letting XRP holders in select US states borrow against their tokens via Exactly Protocol without selling.

XRP Ledger Passes Ethereum as the Top Host of RLUSD Supply
The XRP Ledger now holds $801M of Ripple's RLUSD stablecoin against $795M on Ethereum, the first time XRPL has led, CoinDesk reported on June 25, 2026.

Bitcoin Supply in Loss Hits a Record 10.83 Million BTC
Glassnode data shows 10.83 million BTC, around 54% of supply, now sits below its purchase price after Bitcoin slipped under $59,100 on June 25, 2026.

Binance Pulls Its Greek MiCA Bid Seven Days Before the EU Deadline
Binance withdrew its Greek MiCA license application on June 24, leaving a seven-day scramble for EU authorization before the July 1 wind-down rule bites.

SpaceX Stock Perps See $50M in Liquidations as Crypto Leverage Hits Equities
SPCX perpetual futures tracking pre-IPO SpaceX shed about $50M in liquidations over 48 hours, ranking behind only Bitcoin and Ethereum on crypto venues.

Iran-Linked Entities Moved $3.84B Through CoinEx, WSJ Reports
The Wall Street Journal reports Iran-linked entities routed $3.84 billion through the CoinEx exchange to bypass US sanctions, putting centralized venues back under scrutiny.

Grayscale Says Crypto's Top Revenue Protocols Trade at Single-Digit Multiples
Grayscale argues the 15 highest-revenue onchain protocols, led by HYPE, PUMP and CAKE, trade at single-digit multiples, with the CLARITY Act as the catalyst.

Ripple and SBI Launch RLUSD in Japan After JFSA Approval
Ripple and SBI Group have launched RLUSD in Japan following JFSA approval, opening the dollar-pegged stablecoin to both institutional and retail users.
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