Crypto Breaking News

MSUSD, a stablecoin issued by MainStreet Finance, fell as much as 85% below its intended US$1 peg after concerns emerged over the protocol's proof-of-reserves infrastructure and market liquidity.

RE (CRYPTO:RE) recorded approximately US$140 million in combined trading volume across Upbit and Bithumb during the past 24 hours.

Dash (CRYPTO:DASH) is assessing the Philippines as a potential market for cryptocurrency payments, citing demand for lower-cost transactions and growing adoption of digital financial services.

Ethereum (CRYPTO:ETH) community member and Kleros founder Clément Lesaege has proposed a protocol-level funding mechanism that could redirect up to 10% of validator staking rewards to organisations supporting Ethereum infrastructure.

National Business Corporate Pension Fund plans to allocate about ¥213 million (US$1.36 million), or roughly 1% of its ¥21.3 billion (US$136 million) portfolio.

Nigeria, South Africa and Kenya have introduced regulatory frameworks for digital assets as governments respond to growing use of cryptocurrencies and stablecoins for payments, remittances and savings.

The Securities and Exchange Commission and Commodity Futures Trading Commission have opened a joint consultation on crypto perpetual futures and other derivatives products, a move that could influence how Bitcoin (CRYPTO:BTC) perpetual contracts are regulated in the United States.

Strategy holds 846,842 Bitcoin (CRYPTO:BTC) valued at about US$54.3 billion, leaving the company with an estimated unrealised loss of US$9.7 billion based on its reported average purchase price of US$75,658 per Bitcoin.

Cardano (CRYPTO:ADA) founder Charles Hoskinson defended the use of AI-generated content after criticism of a recent social media post.

On Father's Day, Kevin Maguire, author of "The New Fatherhood," joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the evolving role of fathers and the shortcomings of current fatherhood literature. Maguire emphasized that existing parenting books often reinforce outdated gender roles, leaving many contemporary dads without relevant guidance.

This summer the FDA will consider loosening restrictions on certain peptide injections, with encouragement from RFK Jr. and the Trump administration. Bloomberg Businessweek senior reporter Amanda Mull explains to hosts David Gura and Christina Ruffini how peptides are popular among wellness enthusiasts and biohackers, who claim they offer benefits ranging from treating tendonitis to enhancing tanning.

The New York primary election is scheduled for Tuesday, with numerous significant seats contested. Early voting began on June 13, and as of the morning of the broadcast, over 135,000 early check-ins have been recorded according to Vote NYC. Politico New York state politics reporter Jason Beeferman comes on Bloomberg This Weekend to provide insight into the key races and what viewers should watch for in this important primary election.