Brent Crude Falls Below $80 a Barrel, Hits a New Low Since March 10th

June 16 — Binance’s license application in Greece is expected to be rejected by the country’s regulatory agency, according to two sources familiar with the matter who spoke to Reuters. The outcome could cost the crypto exchange its eligibility to serve customers across the European Union, the report notes. Should the application ultimately be denied, it would pose a major hurdle for Binance’s compliance framework in the EU market. No formal decision on the bid has been announced as of yet.

On June 16, Bitget market data shows SpaceX (ticker: SPCX.O) saw its price surge 9% during initial trading.

On June 16th, Bitmine formally announced that its Series A perpetual preferred stock, which boasts an annual dividend yield of 9.50%, will begin trading today. The stock’s ticker symbol is BMNP, and dividends are scheduled to be paid on a weekly basis.

On June 16, AI startup Probably closed a $9 million seed financing round, led by venture capital firm a16z. The firm is developing a more rigorous framework to reduce "hallucinations" and factual inaccuracies in large language models (LLMs). Its first product is a data science tool that quickly generates analysis results from complex datasets. Every output comes with citations and a complete audit trail to boost transparency and accountability. This design is emerging as a key standard for a growing number of AI products. To prevent errors from creeping into results, Probably has built a sophisticated "guardrail system" — which founder Peter Elias describes as a "data science exoskeleton." The system uses a deterministic validator to check the LLM’s initial output. If the result doesn’t align with the underlying data, it is immediately rejected and regenerated. Additionally, this validation process also retrains the model retroactively to lower the likelihood of future errors. Click

On June 16, Israeli media reported that Israel had requested to view the U.S.-Iran Memorandum of Understanding, but its request was denied.

June 16: A report from Serenity notes that the firm believes AI is the most disruptive technology in human history, with an impact on par with the Agricultural and Industrial Revolutions. Leading the race toward "superintelligence" are companies like OpenAI, Anthropic, and xAI. Their long-term economic effects—difficult to fully quantify—include transformative medical breakthroughs (e.g., cancer treatments), accelerated scientific research (such as quantum computing), and broad productivity gains. However, AI also carries risks: it could drive structural labor force displacement, lift corporate profit margins over the medium to long term, and reshape the trajectory of macroeconomic growth. From a macro and industry structure perspective, the U.S. government has clear strategic incentives to advance AI infrastructure development—driven by priorities like military capabilities, cybersecurity, and U.S.-China tech competition to avoid falling behind. As a result, even though short-term co