Ripple Invests in African Fintech Company Flutterwave
On June 16, Bloomberg reported that Flutterwave, one of Africa’s most valuable fintech startups, has sold a stake in its business to blockchain company Ripple, a move aimed at expanding its payment operations and advancing a strategic partnership with Ripple.
Flutterwave CEO Olugbenga Agboola stated in an interview that Ripple’s investment values Flutterwave at $3.3 billion. He declined to disclose either the specific amount of Ripple’s investment or what percentage of ownership the blockchain firm will hold in Flutterwave after the deal closes.
Flutterwave is one of Africa’s largest payment infrastructure providers, offering cross-border payment processing, receivables management, and other financial service solutions to businesses across the continent. For Ripple— which has been scaling its footprint in global payment networks and stablecoin markets in recent years—this investment marks a key milestone to further penetrate Africa’s fast-growing payments sector.
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Trump: Russia Should Make a Deal with Ukraine
PARIS, June 16 (Xinhua) — U.S. President Donald Trump said June 16 that Russia should reach an agreement with Ukraine. That same day, the first working session of the G7 summit, held in évian-les-Bains, France, centered on the Ukraine crisis. Speaking to reporters after the session, Trump noted the Russia-Ukraine conflict has resulted in heavy casualties, and pledged he will "do everything possible" to resolve the conflict.
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Wintermute: Declaring a Cryptocurrency Market Bottom is Premature, but Risk Appetite is Clearly Returning
June 16 – Wintermute’s latest weekly market report attributes the rebound in risk assets to two key positive drivers. First, U.S. May CPI rose 4.2% year-over-year, marking the third consecutive monthly acceleration and hitting its highest level since 2023. Crucially, the print came in line with market expectations, easing investor fears about inflation spiraling out of control. Meanwhile, core CPI fell to 2.9%, signaling energy-driven inflation pressures may be peaking rather than spilling over into the service sector or fueling wage growth.
Second, the over 100-day Iran conflict has ended, with U.S. President Donald Trump approving the resumption of navigation through the Strait of Hormuz and lifting the maritime blockade. A formal agreement is set to be signed in Switzerland on June 19. As geopolitical risk premiums rapidly faded, Brent crude oil dropped from around $110 to the $80 range, falling another 6.6% this week. Concurrently, both the U.S. Dollar Index and U.S. bond yields d
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Humanity Announces Recovery Plan: Old Tokens to Be Fully Deprecated, New H Token to Be Airdropped at 1:1 Ratio
June 16 — Humanity, a blockchain project, today unveiled its post-attack recovery plan via an official announcement.
The original H token, deployed across Ethereum, BNB Chain (BSC), and Humanity Mainnet, has been permanently deactivated. The development team will launch a brand new ERC-20 version of the H token, which will be airdropped to eligible holders at a 1:1 ratio. The new token retains the "H" ticker, is deployed exclusively on the Ethereum network, and its contract has completed a full security audit—designated as the sole valid H token for the project’s future ecosystem.
To ensure fair distribution, the project took an on-chain state snapshot on June 8, 2026, at 17:25:35 UTC. The corresponding block heights are: Ethereum (25,274,179), BNB Chain (103,071,069), and Humanity Mainnet (24,247,803). Third-party security firm Quantstamp confirmed all addresses linked to the attack or controlled by the attacker have been excluded from the airdrop. Eligible externally owned acco
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US Stock Market Hits Pre-market Record Highs for the "Four Asian Tigers"
According to Bitget market data, the U.S. stock storage sector rallied in pre-market trading on June 16th. Micron Technology (MU) rose 3.49%, SanDisk (SNDK) gained 2.53%, Western Digital (WDC) surged 9.56%, and Seagate Technology (STX) climbed 6.9%—all stocks of the so-called "Four Little Dragons" reached record highs.
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HYPE Surpasses $76 to Hit an All-Time High, Surging Over 12% in 24 Hours
June 16 market update: Per HTX’s latest data, HYPE briefly spiked above $76 to hit a brand-new all-time high, logging a more than 12% gain over the past 24 hours. It’s currently trading at $75.70. Additional performance metrics: a 31.87% increase in the last 7 days, and a 69.53% rise over the past 30 days.
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