Today's Cryptocurrency Prices by Market Caps
The global cryptocurrency market cap today i $2.27T
Market Cap
$2.27T
24h Trading Volume
$81.76B
BTC Dominance
56.42%
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Federated Hermes launches OFFXX fund to meet GENIUS Act stablecoin reserve rules
Federated Hermes has jumped into the stablecoin reserve market with a new money market fund explicitly designed to meet the reserve requirements laid out in the GENIUS Act. Launched in a July 10 announcement, the Federated Hermes Money Market Management Digital Treasury Fund (ticker: OFFXX) is built to serve payment stablecoin issuers that must hold 1:1 reserves in high-quality liquid assets under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The Act, adopted in July 2025, created a federal framework for payment stablecoins and set strict backing and reserve standards that are now moving into implementation. Key features of the fund - Objective: preserve principal and generate income for reserve assets. - Holdings: U.S. dollar cash, U.S. Treasury securities with maturities of 93 days or less, and overnight repurchase agreements fully backed by Treasuries. - Regulation: intends to operate in compliance with SEC Rule 2a-7 governing money market funds. - Availability: Reserve Shares are not tokenized on a blockchain today, but can be bought and held by individuals, institutions, and payment stablecoin issuers directly or via intermediaries. Federated Hermes said it may explore blockchain-based ownership records for Reserve Shares or future share classes, and some intermediaries may already use blockchain systems for customer records. Why this matters for stablecoins The GENIUS Act’s reserve and reporting requirements have created clear demand for purpose-built reserve vehicles. In addition to the 1:1 backing rule, FinCEN and OFAC have proposed rules that would impose AML and sanctions compliance obligations on permitted payment stablecoin issuers—bringing verification, transaction monitoring, sanctions screening, and suspicious activity reporting requirements in line with other financial institutions. Funds like OFFXX aim to simplify compliance by offering eligible, high-quality liquid assets that meet statutory reserve definitions. Experienced team and scale Federated Hermes tapped seasoned liquidity managers to run the fund: Susan Hill, head of the firm’s government liquidity group, and senior portfolio manager John Wyda. The firm emphasized its deep liquidity management experience—reporting $684.7 billion in money market assets and $907.1 billion in total assets under management as of March 31, 2026. “Liquidity management is a core business of Federated Hermes and we offer one of the largest menus of targeted solutions,” said Paul A. Uhlman, president and CEO of the Federated Advisory Companies. He noted the firm is continuing to evaluate opportunities tied to blockchain and tokenized money market products as interest in digital assets grows. Market takeaway With federal agencies still finalizing several GENIUS Act rules and implementation deadlines stretching through 2026, issuers are preparing for new reserve, compliance, and reporting obligations. Federated Hermes’ OFFXX is among the early launches aiming to supply the market with compliant, high-quality reserve options tailored to the evolving regulatory landscape for payment stablecoins. Read more AI-generated news on: undefined/news
SEC Proposal to Drop Trade-Through Rules Could Pave Way for Tokenized U.S. Stocks
The SEC’s recent proposal to roll back two long-standing market rules could clear a major hurdle for tokenized U.S. stocks to trade in decentralized finance — but it’s far from an automatic green light. What changed - On June 11 the U.S. Securities and Exchange Commission proposed rescinding Rules 611 and 610(e) of Regulation NMS, which have governed U.S. equity trading since 2005. The proposal would also remove related definitions in Rule 600 and make conforming edits. - Rule 611 bars “trade-throughs,” meaning a trading venue can’t execute a trade at a worse price when a better protected quote exists on another venue. Rule 610(e) prevents trading centers from posting quotes that lock or cross the national best bid and offer. - The public will have 60 days to comment after the proposal is published in the Federal Register. Why it matters for tokenized stocks and DeFi These rules were designed for an era of matching engines and centralized order routing. DeFi’s dominant liquidity model—automated market makers (AMMs) that trade against bonding curves and liquidity pools—doesn’t easily fit that framework. Alex Thorn of Galaxy Digital argues this mismatch is a core reason tokenized U.S. equities have struggled in DeFi. “An AMM cannot comply with 611 by construction. It executes against a bonding curve at whatever the pool price is, with slippage, at block-time granularity,” Thorn wrote, noting AMMs can’t monitor every exchange quote in real time or route orders the way traditional systems do. He said Rule 610(e) creates similar friction because AMM prices move with flow and can lock or cross displayed quotes. What could replace the guardrails? If the SEC removes these rules, market observers say broker-level duties like FINRA Rule 5310 — which obliges brokers to seek the best available terms for customer orders — may take on more importance. That kind of best-execution framework could be a better fit for tokenized markets than a trade-by-trade protected-quote regime. But non-market-structure hurdles remain Even if trade-through and locked-quote rules are rescinded, tokenized stocks will still face regulatory and operational challenges: exchange registration, alternative trading system (ATS) requirements, clearing and settlement mechanics, and ensuring tokenized shares carry investor rights such as dividends and voting. Related SEC work and limits Separately, the SEC has been exploring an innovation exemption that could explicitly allow tokenized public stocks to trade on blockchain platforms — potentially conditioned on tokens carrying the same shareholder rights as ordinary shares. Commissioner Hester Peirce has cautioned any exemption is likely to be narrow, focused on tokenized versions of existing public equities rather than synthetic tokens that lack shareholder rights. Bottom line The proposal doesn’t authorize tokenized-stock trading on its own; it launches a rulemaking process and invites public comment. It could remove a significant market-structure barrier for DeFi-based trading of U.S. equities, but final outcomes will depend on the comment period and subsequent SEC action — and tokenized shares will still need to clear considerable legal and operational hurdles before they become mainstream. Read more AI-generated news on: undefined/news
US Moves $984K in Seized FTX/Alameda Crypto; $768K Sent to Coinbase Prime
The US government has moved nearly $984,000 in cryptocurrency tied to Alameda Research and FTX, with the bulk of those funds — roughly $768,000 — sent to Coinbase Prime, according to blockchain monitoring firm Arkham Intelligence. What happened - Arkham’s on-chain data shows transfers totaling about $984,000 originating from wallets connected to seized Alameda/FTX assets. - Approximately $768,000 of that amount was routed to Coinbase Prime, Coinbase’s institutional platform, while the remainder moved to other addresses tied to seized holdings. - These transfers are part of ongoing asset-management activity as authorities process recovered cryptocurrency for the FTX bankruptcy and eventual creditor distributions. The FTX Estate remains the intended destination for recovered assets. Bigger picture - Arkham’s data also indicates the US government currently controls an on-chain crypto portfolio worth roughly $20.93 billion. That haul is dominated by about 328,354 BTC (≈$20.57 billion) and includes roughly 62,437 ETH (≈$103 million), plus holdings of USDT, WBNB, BNB, WBTC and other tokens from multiple enforcement actions. - The recent $984K movement represents a small slice of the total but underscores active, ongoing management — custody moves, transfers and occasional liquidations — as part of broader recovery and distribution efforts tied to FTX and other enforcement cases. Why it matters - Routing seized crypto through institutional venues like Coinbase Prime signals how authorities are handling large-scale digital assets: using regulated custody and trading infrastructure to preserve value and prepare for liquidation or transfer to the FTX Estate. - Blockchain transparency and platforms like Arkham continue to provide public visibility into these steps, offering creditors and the market real-time insight into the long-running recovery process. Read more AI-generated news on: undefined/news
LG, Arbitrum Launch Layer‑2 Ad Network to Put Smart‑TV Ads Onchain
LG Electronics has quietly moved deeper into crypto infrastructure — teaming up with Arbitrum to build a layer-2 blockchain aimed at shaking up digital advertising. What’s happening - LG’s R&D blockchain team has launched an Arbitrum-based network to power a new onchain advertising platform for placing, buying, selling and managing digital ads. The company says the system is designed to cut out traditional middlemen in the ad supply chain. - LG completed a pilot with a Japanese advertising agency and is now assessing whether to roll the product out to market later this year. Arbitrum highlighted the project in a June 11 tweet. Why it matters - Layer-2 chains like Arbitrum sit atop Ethereum to increase throughput and lower costs, making them well suited for high-volume use cases such as ad transactions. Arbitrum co‑founder Steven Goldfeder told Fortune that the blockchain approach eliminates the need for “manual interventions,” enabling automated market operations via software. - Samuel Byungsun Park, head of LG’s blockchain research department, said the company is “evaluating whether this approach can deliver meaningful value to advertisers, publishers and audiences.” Market reaction and scale - The announcement gave Arbitrum’s native token ARB a bump — CoinGecko shows roughly a 5% rise following the news. - LG plans to leverage its advertising arm, LG Ad Solutions, which manages a global smart TV installed base of about 216 million units (49 million in the U.S.) — a substantial audience pool for any ad product. Bigger picture - This move continues LG’s flirtation with distributed ledger tech. LG CNS launched the Monachain enterprise blockchain in 2018, though the company closed its Art Lab NFT marketplace last year. - LG joins a growing roster of major corporations building bespoke blockchain infrastructure for business use — from Samsung’s supply-chain ledgers to JPMorgan’s JPM Coin and Mastercard’s stablecoin settlement efforts — a trend toward public and layer-2 chains over closed permissioned ledgers. - The partnership signals steady enterprise interest in crypto infrastructure even as blockchain took a back seat to AI at CES 2026. Bottom line LG’s Arbitrum-built ad network is a notable experiment in bringing ad-buying and selling onchain at scale. With a successful pilot and a massive smart-TV footprint to tap, the project will be one to watch if LG moves ahead with a full launch later this year. Read more AI-generated news on: undefined/news
Binance to Swap TON to GRAM 1:1 Automatically — Key Trading Deadlines and Dates
Headline: Binance to replace TON ticker with GRAM — automatic 1:1 swap, key dates and trading deadlines Binance has confirmed it will support the Toncoin rebrand to Gram and handle the technical token swap on behalf of users. The exchange will convert all TON balances to GRAM at a 1:1 ratio, automatically — meaning spot holders do not need to perform a manual token swap on their own. Key timeline (all times UTC) - June 23 - 08:30 — New orders on the TONUSDT USD‑M perpetual futures contract are disabled. - 09:00 — Binance Futures will close all TONUSDT USD‑M perpetual positions and settle the contract. Traders should monitor positions closely in the final hour; reduced liquidity and volatility may affect settlement. - June 23 (date-only) — TON will be removed from cross and isolated margin. - June 26 - TON Simple Earn products stop accepting new support; remaining positions will be redeemed to spot accounts and, where applicable, resubscribed as GRAM products after the swap. - June 30 - 03:00 — All TON spot trading pairs will be removed. Affected pairs include TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC and TON/USDT. All pending TON spot orders will be canceled when trading stops. - 03:30 — Deposits and withdrawals of TON will be suspended. Users who deposit TON to Binance close to the cutoff should leave enough time for on‑chain processing. - July 2 - 07:00 — GRAM deposits and withdrawals will reopen (one hour before spot trading). - 08:00 — GRAM spot trading pairs will open (GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC, GRAM/USDT). Services affected - Binance says Margin, Loans, Simple Earn, Dual Investment, Pay, Gift Card, Convert, and Buy & Sell Crypto will have separate deadlines and adjustments tied to the rebrand. Users should check the platform notices for specific cutoffs and required actions. What this means for users - Spot holders: Binance will automatically swap eligible TON balances to GRAM at 1:1 after the rebrand — no manual swap required. - Futures/margin/product users: You may need to close or adjust positions before the stated deadlines to avoid forced settlement, cancellations or other disruptions. - Depositors: Deposits of TON to Binance after the suspension time will not be accepted; make sure transfers have enough confirmation time. Context - The rebrand restores the “Gram” name originally used in Telegram’s first TON white paper; Pavel Durov has said the rename does not require a network‑level token swap. The TON name will remain for the network while GRAM becomes the token ticker on Binance. - Market response: Toncoin saw renewed trader interest in early June after the Gram plan was announced — trading near $1.71 on June 12 with about a 4% 24‑hour gain, per earlier reporting. Bottom line Binance gives holders a clear timetable. Spot users can rely on the automatic 1:1 conversion, but traders using futures, margin, loans or other products should review and act before the listed deadlines to avoid forced settlements, canceled orders or asset inaccessibility. Check Binance’s official notices for the full technical and timeline details. Read more AI-generated news on: undefined/news
Metaplanet acquires Siiibo for ¥2.1B, gains Type I license to launch BTC yield products
Metaplanet is moving from Bitcoin accumulation to productization: the Tokyo-listed firm announced it will buy Siiibo Securities for JPY 2.1 billion, gaining a licensed brokerage platform it plans to use to roll out Bitcoin-linked and yield-focused investment products in Japan. Deal overview - Purchase price: JPY 2.1 billion for all outstanding shares of Siiibo Securities. - Structure: share transfer to make Siiibo a wholly owned subsidiary; Siiibo will be renamed Metaplanet Securities. - Timeline: agreement announced June 12; deal expected to close July 13. - Regulatory benefit: Siiibo holds a Type I Financial Instruments Business Operator license, enabling the structuring and distribution of securities in Japan. Why it matters Metaplanet frames the acquisition as the first major M&A under “Project Nova,” its long-term plan to build a Bitcoin-focused financial ecosystem. Instead of only growing its corporate Bitcoin treasury, the company intends to combine Siiibo’s distribution infrastructure and investor base with its Bitcoin holdings to create yield-oriented products—think BTC-linked bonds, digital securities, security tokens, and other Bitcoin-related instruments. Company position and assets - Metaplanet reported holding 40,177 BTC as of May 31, 2026, valuing that position at a net asset value of JPY 457.6 billion. That makes it the largest corporate Bitcoin holder in Japan and the third-largest corporate holder globally. - Siiibo brings an online corporate bond platform and an investor network; it has supported over 40 companies and facilitated more than 100 bond issuances, mostly via private placement corporate bonds and venture debt. Management comments Simon Gerovich, Metaplanet’s CEO, described the acquisition as a major step toward Project Nova, saying the company views Bitcoin “not merely as a treasury reserve asset, but as the foundation of the next generation of financial ecosystems.” Management says the deal will let Metaplanet develop and distribute Bitcoin-related yield products directly to Japanese investors, tapping into Siiibo’s Type I registration and platform. Funding and corporate plans - Financing: the purchase will be funded mainly by cash and borrowings; Metaplanet may also use its Bitcoin-backed credit facilities, which have aggregate capacity up to $500 million. - Governance and impact: Metaplanet plans to appoint two directors to Siiibo’s board after closing and does not expect the acquisition to materially affect consolidated results for the fiscal year ending Dec. 31, 2026. Context on capital allocation Metaplanet continues to prioritize “Bitcoin Yield” as its primary performance metric. The company reiterated that share buybacks are a potential tool if its market valuation falls below the value of its Bitcoin holdings—management previously signaled it would consider repurchasing common shares when mNAV (