Empire State Factory Index Falls to 5.7 in June The Empire State factory index fell to 5.7 in June, down from a stronger reading in May, signaling that New York manufacturing expanded but at a much slower pace[2]. The New York Fed said…
BTC futures open interest falls as leverage unwinds Bitcoin futures open interest has dropped sharply, with one widely tracked market reading showing a decline of roughly 8% as traders cut exposure and leverage recedes from the market.[1][7] The move matters now because open…
Layer 2 activity slips as daily transactions fall 15% A Layer 2 network saw daily transactions fall 15%, highlighting a pullback in activity after a period of rapid scaling across Ethereum-linked rollups. The drop matters because L2 usage has become a key gauge…
USDC dominates AI agent payments as Amazon expands stablecoin rails Amazon’s move into AI agent payments has put stablecoins back in focus, but the sharper signal is that USDC still dominates the flow. In the latest data cited around AI-agent settlement, USDC accounted…
ETH staking queue hits 2-year high as futures traders capitulate Ethereum’s staking entry queue has climbed to its highest level since September 2023, with 860,369 ETH – worth about $3.7 billion – waiting to be staked, even as futures positioning has weakened, according…
Prediction markets hit $2B as sportsbooks pivot Prediction markets have moved into the same conversation as legacy sportsbooks, with activity around major sports contracts now large enough to draw direct comparisons with regulated wagering. A June 2026 report said Polymarket’s World Cup market…
Legacy sportsbooks chase prediction markets as volumes surge Legacy sportsbooks are moving into prediction markets as trading volumes in the category have accelerated sharply, with DraftKings reporting a $3.1 billion annualized run rate for its Predictions business after launching in December 2025[1]. The…
Morpho Raises $175M as Stablecoin Supply Stalls Morpho’s $175 million fundraise this month is drawing attention because it landed as broader stablecoin supply stayed essentially flat, underscoring how crypto venture capital is still concentrating on illiquid, protocol-level narratives rather than visible growth in…
Ripple CEO cites $20 billion in CLARITY Act criticism Brad Garlinghouse has pushed back on criticism of the U.S. CLARITY Act, arguing that JPMorgan CEO Jamie Dimon’s objections are tied to the bank’s payments business, which he said generates about $20 billion in…
