Citigroup is launching a tokenized security for private companies

June 11 – The U.S. Attorney’s Office for the Eastern District of Pennsylvania announced that 37-year-old Ruslan Igorevich Tkachuk and 25-year-old Alexander Vladimirovich Ledenev have been arrested and charged criminally with one count of conspiracy to commit money laundering and one count of operating an unlicensed money transmitting business, federal prosecutors confirmed. The two are accused of running a cryptocurrency laundering service called “AudiA6,” which authorities believe has laundered more than $389 million in cryptocurrency funds. Tkachuk is a Ukrainian citizen, Ledenev is a Russian citizen, and both are currently detained by Georgian authorities in Batumi. The U.S. prosecutors intend to seek the extradition of both individuals to the Eastern District of Pennsylvania to face the charges. Per the criminal complaint, Tkachuk and Ledenev are senior members of the AudiA6 organization, which operates both the crypto laundering service and the Dark2Web online cybercrime forum.

June 11: Ondo Finance has tapped John Hoffman, a former Invesco ETF executive, to lead its tokenized investment portfolio business. Hoffman joins the firm as Managing Director and Head of Product Portfolios, bringing over from his previous role as Head of Distribution and Partnerships at Grayscale Investments. His primary focus will be building and rolling out tokenized investment portfolios—including collaborative projects with asset management firms and strategies centered on Ondo’s existing product offerings.

June 11 — Independent research firm New Street Research has initiated coverage of SpaceX, setting a $165 target price for the private space firm.

On June 11, Bitcoin treasury firm Nakamoto announced it has bolstered its capital structure and financial flexibility through debt reduction, refinancing, and a stock buyback authorization. Through liquidating a portion of its Bitcoin holdings and Bitcoin-related derivative positions, the company cut its outstanding debt by roughly $45 million. The repayment funds came from selling approximately 600 BTC and associated derivatives, which yielded a net gain of around $48 million. Post-transaction, Nakamoto still holds roughly 4,467 BTC on its balance sheet. Separately, Nakamoto has signed a new loan term sheet with Payward Interactive—a subsidiary of Kraken—extending roughly $105 million in USDT principal, with the loan now maturing on June 30, 2027. Its remaining outstanding USDT balance stands at $165 million, $60 million of which is scheduled to mature on December 4, 2026. Additionally, Nakamoto’s board of directors has greenlit a $25 million stock buyback program, valid through Dec

On June 11, U.S. President Trump stated, "A larger-scale bombing will be launched tonight. Iran is finished, and we do not plan to send ground troops," according to a report from Xinhua Finance.

June 11 — According to The Information, Google is weighing whether to tap Samsung Electronics as a key supplier for a component of its upcoming high-end AI chip. Amid persistent manufacturing capacity limits, chip firms are being pushed to find partners beyond TSMC. Sources close to the matter told the outlet that the U.S. tech giant is in discussions with Samsung, planning to have the South Korean firm use its 2-nanometer production technology to manufacture parts of Google’s next-generation Tensor Processing Unit (TPU). TPUs are Google’s custom AI chips built specifically for its cloud data centers.