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| Securitize clears SEC hurdle for NYSE listing |
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June 8, 2026 |
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Your Daily Digest of the π₯Hottest News in Crypto. |
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Today’s top storiesπ️ Galaxy says the Senate is running out of time to pass crypto market structure legislation
π¦ Securitize moves closer to going public through a Cantor-backed SPAC deal
π‘️ Zcash teams propose Ironwood after Orchard vulnerability raises supply-verification concerns
π° Keep reading for all of today’s biggest headlines |
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Galaxy drops CLARITY Act odds to 60% as time is running outGalaxy Digital has lowered its estimate that the CLARITY Act will become law in 2026 to 60%, down from 75%, warning that the Senate’s legislative calendar is tightening ahead of the November elections. Galaxy head of research Alex Thorn said the bill likely needs Senate floor time in July, before the month-long August recess, because it still requires debate, amendments, reconciliation with the Senate Agriculture Committee’s text and further House action. The bill has already passed through relevant Senate committees and needs at least 60 votes to advance without prolonged debate, but unresolved issues around ethics and illicit finance remain sticking points. JPMorgan analysts reportedly put the odds of passage below 50%, while Bitwise CIO Matt Hougan said D.C. insiders he spoke with estimated the chances at only 5% to 30%.
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Tokenization firm Securitize clears key SEC hurdle for NYSE listingReal-world asset tokenization platform Securitize is closer to going public after the US Securities and Exchange Commission declared effective the Form S-4 registration statement tied to its proposed merger with Cantor Equity Partners II, a Cantor Fitzgerald-affiliated SPAC. Shareholders are scheduled to vote on June 29, and if approved, the combined company would list on the New York Stock Exchange as Securitize Corp. under the ticker SECZ. Securitize says it has $4 billion in assets under management and offers tokenized funds with major asset managers including Apollo, BlackRock, BNY and VanEck. The milestone comes as tokenized real-world assets gain traction, with onchain RWA value reportedly reaching a record $32 billion in May, excluding stablecoins, after rising about 220% over the prior 12 months. |
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[AD] |
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ETHConf: The Biggest Ethereum Event in America (June 8–10)ETHConf takes over the Javits Center in NYC, June 8–10, 2026. The largest Ethereum gathering in America. 5,000+ attendees, 150+ speakers, and 100+ companies driving the conversation on stablecoins, tokenized treasuries, institutional adoption, and digital asset policy. Use code COINTELEGRAPH at checkout for 50% off a General pass. Exclusive to this newsletter.
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Zcash teams propose Ironwood pool to restore supply verification after Orchard flawZcash developers have proposed a new shielded pool called Ironwood after a recently patched Orchard vulnerability raised concerns that counterfeit ZEC could have been created without detection. The Zcash Open Development Lab said it is working with Tachyon, Valar Group, the Zcash Foundation and Shielded Labs on the proposed upgrade, which would add formal verification and independent audits to the Orchard protocol. Under the plan, the current Orchard pool would be closed to new deposits and internal transactions, with funds required to pass through a “turnstile” accounting checkpoint before entering Ironwood. The Zcash Foundation said auditors found no evidence that user funds were affected or that total supply changed, but Shielded Labs said the vulnerability could have allowed attackers to mint unlimited counterfeit ZEC inside Orchard. Ironwood is targeted for late July 2026, pending testing, review and ecosystem coordination. |
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MARKETS |
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BTC price bottom not due until Q4? Five things to know in Bitcoin this weekBitcoin opened the second week of June in damage-control mode, with traders warning that any relief bounce may not mark the final bear-market bottom. Analysts cited in the piece expect sideways or upward price action in the near term, but several argue that the true low may not arrive until mid-to-late Q3 or even Q4 after Bitcoin closed below the 200-week simple moving average. The macro backdrop remains tense, with May CPI and PPI inflation data due, markets repricing toward possible future rate hikes, oil moving higher and the US-Iran war continuing to weigh on risk assets. At the same time, onchain indicators offer a more constructive counterpoint, with CryptoQuant arguing that speculative excess has largely been flushed out and the Crypto Fear & Greed Index falling to 8/100, deep in “extreme fear.” The article frames the current setup as a market caught between bearish price structure and potential contrarian bottoming signals. |
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