CryptoCryptocurrency

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.

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.

• Kraken’s FIFA World Cup sponsorship coincides with prediction market trading volumes surpassing US$2 billion across football-related contracts. 
• Sports forecasting activity is being concentrated in blockchain-based and regulated event markets, led by Polymarket and Kalshi. 
• Regulatory uncertainty around prediction markets remains the key challenge as platforms expand into mainstream sporting events. 

A major Ethereum-based MEV bot known as Jaredfromsubway.eth has suffered losses exceeding $7.5 million after falling victim to a carefully planned attack that exploited weaknesses in its automated trading logic.

The Iranian Revolutionary Guard Corps has reportedly announced the closure of the Strait of Hormuz to all vessels, according to reports cited by FX168.

An Iranian delegation is preparing to travel to Switzerland as part of ongoing diplomatic engagement with the United States.

Coinbase’s Ethereum Layer-2 network Base is targeting June 25 for its Beryl mainnet upgrade, which is expected to introduce a new B20 token standard.

Investors faced a busy week as major developments across aerospace, artificial intelligence, semiconductors, energy and equities shaped trading sentiment.

President Donald Trump said the United States was no longer acting from a position of weakness after what he described as a successful strike on Iran.

MicroStrategy founder Michael Saylor said the company’s Bitcoin-focused strategy has helped push its Bitcoin and cash reserves about $48 billion above its total debt.