Venus Protocol Launches Tokenized Stock Collateralized Loans Market on BNB Chain
June 20: Venus Protocol has rolled out tokenized stocks (branded bStocks) collateralized lending on the BNB Chain. The new functionality lets users deposit on-chain U.S. equities—including TSLAB, NVDAB, and SPCXB—into the Venus Core Pool as collateral to borrow assets such as USDT and USDC, all while retaining exposure to stock price movements without selling their holdings.
This marks Venus’s first support for tokenized stocks as collateral assets. With bStocks now part of its on-chain liquidity market, tokenized stocks join existing offerings like BTC, ETH, BNB, and stablecoins. Following prior additions such as XAUm, Venus is expanding its on-chain collateral range to include stock assets, driving deeper integration between real-world assets (RWA) and decentralized finance (DeFi).
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THORChain: Network Recovery Enters Final Phase, Funds to be Transferred to New Treasury
On June 20th, THORChain released an event update noting the network has entered the final stage of its recovery. Right now, the team is validating the integrity of every node’s keyshare via the new KeyVerify protocol—this critical step is meant to confirm each vault is in a secure state before churn gets underway. If the validation goes successfully, the next major milestone will be churn, where the network will transfer all funds to new vaults. The length of churn is the key variable here, ranging anywhere from hours to days. Once churn is complete, subsequent steps are expected to move quickly: re-enabling Secured and Trade assets, LP operations, and finally restoring full trading functionality. This network recovery took longer than initially anticipated because the team has consistently prioritized security and stability above all else. Further updates will be shared regularly as they become available.
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Bitdeer sold 218.1 BTC this week, still maintaining a zero balance.
June 20 – Nasdaq-listed Bitcoin mining firm Bitdeer shared its latest Bitcoin holdings update on social media platform X. For the week ended June 19, the company mined 218.1 BTC and sold the exact same amount, resulting in a net addition of zero Bitcoin. As of now, Bitdeer holds no BTC reserves.
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Iran: Distrusts the US, Is Hedging Its Bets
On June 20, Abrahim Razai, spokesperson for the Iranian Parliament’s National Security and Foreign Policy Committee, recently told reporters in an interview that the Lebanon ceasefire issue is Iran’s "red line" and Tehran will not back down on this matter. Regarding Iran-U.S. relations, Razai stated that Iran does not trust the United States and has no intention of normalizing ties with Washington.
He emphasized that Iran and the U.S. are currently in a state of hostility, and that his country is preparing for the possibility of another war. "We do not believe what the Americans say but act based on our own considerations," he was quoted as saying. Razai also noted that Iran is exploring negotiation and diplomatic options, and will continue talks with the United States. (Source: CCTV International News)
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Tom Lee Responds to "Ethereum Facing Funding Crisis" Concerns: Probability Zero, Funding Secured
June 20th: Tom Lee, chairman of BitMine—Ethereum’s largest treasury—addressed a statement from former Ethereum Foundation contributor Trent Van Epps that the Ethereum core development ecosystem could face a funding crisis in the next 3 to 9 months.
Lee stated, “In my opinion, the probability of ETH experiencing this ‘crisis’ is zero. Funding is already in place.”
As previously reported, Van Epps wrote that the Ethereum Foundation’s ongoing “Subtraction” governance strategy has gradually shrunk its treasury, paired with the April expiration of the 4-year Client Incentive Program (CIP), leading to concerns of a brewing funding gap for core Ethereum development over the next 3 to 9 months.
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Analyst: Next Week's Gold Trend Highly Dependent on Data, Beware of Flash Crash Risk
June 20 – Market analysts project gold will hold in its current trading range next week, as investors wait for the U.S. Core Personal Consumption Expenditures (Core PCE) Price Index to gauge clues about the Federal Reserve’s interest rate path. Stephen Innes, Managing Partner at SPI Asset Management, said: “With the Fed leaning heavily on incoming data and growingly attuned to upcoming inflation prints, every major economic release will carry weight—but the Core PCE is the make-or-break event for gold and rate markets, and next week will hinge entirely on this data point.”
Innes also noted that a hotter-than-expected inflation reading would lift the U.S. dollar, push Treasury yields higher, and raise the risk of gold testing the $4,000 per ounce level. He advised gold investors to brace for elevated volatility and watch out for potential deeper sell-offs. (FXStreet)
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