Key Takeaways:Canaan (NASDAQ: CAN) to wind down its AI chip unit, which contributed only $0.9M in 2024 revenue.The business made up 15% of company operating expenses, prompting the pivot to core crypto operations.CEO says realignment will sharpen focus on bitcoin mining and infrastructure amid broader market changes.Shares are down 71% YTD despite growing investor interest in U.S.-focused mining strategies.Canaan Inc. (CAN), the Singapore-based manufacturer of Avalon bitcoin mining rigs, announced it will exit the AI chip business to concentrate fully on its bitcoin mining and infrastructure operations, as part of a broader strategic realignment.The decision comes after the company evaluated the long-term viability of its artificial intelligence semiconductor division, which generated just $0.9 million in revenue in 2024, while consuming approximately 15% of total operating expenses.“Doubling down on our core strengths in crypto infrastructure and bitcoin mining is the most strategic path forward,” said CEO Nangeng Zhang in a statement released Monday.Canaan Abandons Diversification into AICanaan had initially launched its AI chip unit as part of a diversification effort into edge computing, but the business failed to gain traction in a competitive market dominated by industry giants.The company revealed that it explored exit options since March 2022, including a potential sale, but ultimately decided to shut it down. The wind-down process will conclude in the coming months and is expected to significantly reduce costs, improving the company’s bottom line.Refocusing on Bitcoin Mining Amid U.S. ShiftCanaan’s move aligns with a broader industry trend of reinvesting in Bitcoin-focused operations, particularly after former U.S. President Donald Trump’s reelection campaign boosted calls for “American Made” bitcoin production.The company, which went public on Nasdaq in 2019, is known for producing ASIC mining rigs under the Avalon brand and has since expanded into self-mining and consumer hardware. Analysts have noted that Canaan’s stock does not yet reflect upside potential from its mining expansions, especially in the U.S.“The recent pivot shows that building AI chips is highly capital-intensive and may not be viable for firms that lack scale,” said Benchmark analyst Mark Palmer, who maintains a bullish outlook on Canaan’s core mining strategy.Market Reaction and OutlookDespite the strategic shift, Canaan shares slipped slightly on Monday, continuing a broader downtrend. The stock is down 71% year-to-date, significantly underperforming the bitcoin mining ETF (WGMI), which is off by about 20% in the same period.However, analysts suggest the leaner, crypto-focused model could improve long-term prospects, especially as bitcoin mining firms position for regulatory and infrastructure tailwinds in key markets like the U.S.

Key Takeaways:Trump Media (DJT) to launch a $400 million share repurchase program via open market buys.The buyback will be funded independently and will not affect the company’s $2B Bitcoin treasury strategy.Trump Media raised $2 billion from 50+ institutional investors to build a BTC treasury, with Crypto.com and Anchorage Digital as custodians.DJT stock jumped 3.8% to $18.50 following the announcement.Trump Media & Technology Group (NASDAQ: DJT) — the parent company of Truth Social — has announced a $400 million share buyback program, funded separately from its newly established Bitcoin treasury.The company emphasized that the share repurchase will not impact its ongoing Bitcoin investment strategy, which was funded by a recent $2 billion raise from over 50 institutional investors.“Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities,” said CEO Devin Nunes.Buyback Details and Bitcoin StrategyThe buyback will be executed via open market purchases, with repurchased shares set to be retired, the company said in a statement Monday.The decision comes after Trump Media’s high-profile move into crypto treasury management, using newly raised capital to accumulate Bitcoin. Custody partners for the BTC holdings include Crypto.com and Anchorage Digital, signaling institutional-grade infrastructure for the treasury program.Market Reaction: DJT Shares RiseFollowing the buyback news, DJT shares climbed 3.8% to $18.50 in early trading on Monday, as investors responded positively to the company’s capital allocation plan.The update comes amid growing attention on Truth Social and its parent company’s broader Web3 and crypto strategy, including a pending Truth Social Bitcoin and Ethereum ETF filing.

Key Takeaways:Méliuz now holds 595.67 BTC, the highest among Latin America's publicly listed companies.The firm bought 275.43 BTC for $28.61 million following a recent stock offering.Its BTC yield stands at 908%, ranking among the top globally for corporate treasuries.Brazilian fintech company Méliuz (B3: CASH3) has become Latin America’s largest publicly listed corporate holder of Bitcoin after acquiring an additional 275.43 BTC for $28.61 million, the company announced Monday.The purchase brings Méliuz’s total Bitcoin holdings to 595.67 BTC, acquired at an average cost of $102,702.84 per BTC, placing the company 36th globally among public firms with Bitcoin treasuries, according to company data.908% Bitcoin Yield Surpasses Most Public FirmsMéliuz also disclosed a Bitcoin yield of 908%, a metric used by treasury-focused companies to measure BTC performance relative to shares outstanding. Although the methodology may vary between firms, the yield offers insight into the impact of BTC exposure on shareholder value.This return places Méliuz among the top-performing public companies in terms of BTC yield. For comparison:The Blockchain Group reported a 1,173% yield.MicroStrategy (MSTR), the world’s largest BTC-holding company, recently reported a 19.1% YTD yield.Metaplanet (3350) posted a 266.07% yield.Semler Scientific (SMLR) reported a 26.7% yield.Fintech Growth, BTC Bet Paying OffThe firm, which offers digital financial services to over 30 million users in Brazil, is leveraging its BTC strategy as part of a broader capital deployment plan following its recent stock offering.Méliuz’s shares were up 0.15% on the day, and have risen nearly 160% year-to-date, reflecting growing investor confidence in both its core business and strategic crypto exposure.Latin America’s Growing Corporate BTC AdoptionMéliuz’s move signals a potential shift in Latin American corporate treasury strategies, with Bitcoin gaining traction as both an asset and a hedge against local currency volatility. While most BTC-heavy corporate holders are based in the U.S. or Asia, Méliuz’s accumulation highlights increasing institutional adoption in the region.As the firm cements its position atop Latin America’s Bitcoin leaderboard, market observers will be watching whether other companies follow suit—especially amid growing global interest in Bitcoin ETF approvals and sovereign adoption trends.

Odaily Planet Daily News: Coinbase will launch Sonic (S).

Odaily Planet Daily News: On June 23rd local time, US President Trump posted on the social media platform that the US nuclear submarine is the "most powerful and deadly" weapon ever, and launched 30 "Tomahawk" missiles, all of which hit the target. (Jinshi)

According to ShibDaily, CoinMarketCap has removed a malicious pop-up from its website that urged users to verify their crypto wallets. The crypto data platform confirmed the removal and announced that an internal investigation into the incident is ongoing. CoinMarketCap acknowledged the issue on its official X account, warning users not to connect their wallets. The incident gained attention as reports of the suspicious activity spread on social media. Several crypto users on X identified the pop-up as a phishing attempt, a tactic where attackers impersonate trusted platforms to trick users into revealing private keys or sensitive wallet information. These scams often use fake or compromised accounts to share convincing links, posing a serious risk of asset theft to unsuspecting users. A crypto investor known as Jet shared a screenshot showing that the MetaMask wallet extension flagged the CoinMarketCap site as potentially deceptive. The warning indicated risks of Secret Recovery Phrase or password theft, unauthorized transactions, and other threats. The domain was reportedly added to blocklists maintained by SEAL, ChainPatrol, and MetaMask. Before CoinMarketCap publicly addressed the issue, threat researcher Vladimir S. reported that the site had been compromised. He noted that users interacting with the pop-up were prompted to connect their wallets and approve ERC-20 token transactions, a common phishing scam tactic to authorize unauthorized asset transfers. This incident highlights the growing risks in the crypto ecosystem, where even trusted platforms can become targets for malicious actors. As the industry evolves, experts stress the importance of vigilance, urging users to verify links, avoid unsolicited wallet connection requests, and use hardware wallets or multi-factor authentication when possible. Security firms and platforms are developing stronger defenses, but individual users must also stay informed and cautious. The CoinMarketCap incident serves as a reminder of the ongoing challenges at the intersection of innovation and security in the crypto space. This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

According to organizers, approximately 8,000 participants took part in the third edition of the continent's largest Bitcoin conference. source: https://atlas21.com/btc-prague-2025-recap-of-europes-largest-conference/?utm_source=rss&utm_medium=rss&utm_campaign=btc-prague-2025-recap-of-europes-largest-conference

Michelle Bowman, a governor at the Federal Reserve, said on Monday she’s ready to vote for a rate cut at the next policy meeting in July… if inflation stays low. Speaking during a conference in Prague, she made it clear that the current data gives enough space for the Fed to lower its benchmark interest […] source: https://www.cryptopolitan.com/feds-bowman-july-rate-cut-defying-powell/

US President Donald Trump has asked oil producers and markets to maintain or lower prices against the backdrop of renewed disruptions in the Strait of Hormuz, a global oil transit route. “Everyone should keep oil prices down. I’m watching. You’re playing right into the hands of the enemy. Don’t do it,” the president wrote on […] source: https://www.cryptopolitan.com/trump-rallies-oil-markets-hormuz-disruptions/

According to Bloomberg, former executives at Coral Capital Holdings want to create a BNB treasury company. source: https://cointelegraph.com/news/hedge-fund-execs-raise-100m-bnb-strategy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Although there are clear signs of the popularity of stablecoin Summer, the entire Crypto community has responded coldly, and some funds have even flowed out of the US stock market to speculate on concept stocks. Why?

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

Asset Management, Cryptocurrency, 60:40 The End of the Investment Portfolio? How Inflation Reshapes the Logic of Asset Allocation Golden Finance, The key to understanding wealth management and asset valuation lies in inflation.

RWA is no longer just a concept, but has become a market.

Hyperliquid 的基本面已可比肩主流 L1，但其真正潜力在于：成为第一个在交易体验、费用和执行层面都能媲美 CEX 的 DeFi-native 交易平台。

China’s recent renewed interest in stablecoins comes amid concerns that U.S. stablecoin legislation could expand the dollar’s ​​dominance. The Chinese central bank is using Hong Kong as a testing ground for future payment alternatives.

Recommended readings tonight: 1. After Circle went public, which other crypto companies are preparing for IPO? Why are they all going public in such large numbers? 2. How will China respond to the shock wave of the US dollar stablecoin? 3. Why is Ethereum destined to be the "world ledger"?

For the global encryption industry, geopolitics will become the absolute main line of the market in the short term, and risk aversion will greatly affect the trend of cryptocurrencies.

Based on a technical perspective, this article objectively compares Walrus and Irys in six dimensions.

Coinbase got a new EU-wide licence from Luxembourg, allowing it to offer crypto services across all EU countries under one approval. The move shows Luxembourg’s friendly rules for crypto firms, but some worry it could lead to weaker regulation and less consumer protection across Europe.