World Cup Kickoff Approaching, Historical Data Review of the "World Cup Curse"
June 11th – Tomorrow morning, the 2026 FIFA World Cup will officially kick off. For football fans, the quadrennial event is an absolute highlight, but investors are growing concerned that the World Cup will divert market focus and could negatively impact the investment space. BlockBeats has combed through historical data to summarize how the U.S. stock market and Bitcoin performed during past World Cups:
U.S. Stock Market: Over 40 years of World Cup history, the S&P 500 has posted 5 gains and 5 declines, with an average return of approximately -0.18% and a median return of around +0.30%. Overall, there’s no distinct "World Cup Curse" for U.S. stocks, though volatility drops significantly during these tournaments. To break it down: the 1998 World Cup coincided with a strong period for U.S. equities, leading to the index’s largest gain during a World Cup; the 2002 World Cup took place amid the bursting of the dot-com bubble and a financial trust crisis, resulting in the index’s steepest
6 minutes ago
glassnode: Bitcoin is further moving into the surrender phase, with long-term demand yet to materialize
On June 11, Glassnode released its weekly market report, noting Bitcoin is showing clear signs of a late-stage correction. Recent buyers are sitting on substantial losses, realized losses remain elevated, and several key demand drivers have seen a sharp decline.
Bitcoin’s drop to around $60,000 triggered a major deleveraging event that wiped out a large number of speculative positions in the market. While this helped reset leverage levels, spot demand hasn’t yet seen a meaningful recovery. The options market remains defensive overall: elevated implied volatility points to strong demand for downside hedging, and traders’ positions are clustered around the current spot price. Additionally, falling institutional participation and a slowdown in corporate treasury accumulation suggest risk appetite is still muted.
Overall, the market appears to be moving deeper into the surrender phase. Though leverage has been largely reset and valuation metrics have hit historic lows, the demand respons
6 minutes ago
Several US States Push for Cryptocurrency ATM Ban as Fraud and High Losses Drive Tighter Regulations
On June 11, the U.S. states of Delaware and New Jersey are advancing legislation to fully ban the installation and operation of cryptocurrency ATMs (crypto ATMs), citing that the devices are widely used in scam activities.
The Delaware House Economic Committee has passed a bill that would prohibit the holding, installation, or operation of crypto ATMs. Existing devices must be removed within 90 days of the bill taking effect; violators face a maximum fine of $10,000, and may be required to reimburse costs or contribute to a consumer protection fund.
Meanwhile, the New Jersey Senate Commerce Committee unanimously approved a similar bill to ban crypto ATM operations, with a maximum penalty of $20,000 for violations.
According to May Federal Bureau of Investigation (FBI) data, there were nearly 13,500 crypto ATM-related complaints in 2025, resulting in losses exceeding $388 million — a significant rise from the previous year, with over half of victims being aged 50 or older.
C
6 minutes ago
Figure announces $717 million acquisition of Kiavi to accelerate the securitization of real estate credit assets
On June 11, blockchain-powered financial platform Figure Technology Solutions (Nasdaq: FIGR) announced an acquisition deal with residential real estate tech lending platform Kiavi, agreeing to purchase its loan portfolio for $717 million through a joint venture structure.
Per the announcement, Kiavi is an AI-driven residential real estate investment lending platform with annual loan origination volume topping $30 billion. Once the transaction closes, its residential bridge and rental financing businesses will be integrated into Figure’s on-chain capital market system.
Figure noted that the acquisition will add roughly $7 billion in annualized loan volume to its "Figure Connect" marketplace, while driving over $1 billion in monthly inflows to its "Democratized Prime" platform, further strengthening its foothold in the first mortgage lending sector.
The transaction structure will enable Kiavi’s assets to undergo native migration via blockchain market infrastructure, aimed at cutting f
6 minutes ago
The "Middle Eastern Royal Family" Crypto Scam Case Verdict Announced, Female Crypto Mining Circle Investor Loses Nearly $130 million
June 11 — In a recent ruling on a cross-border fraud case in Ohio, two masterminds have been sentenced to 24 and 23 years in prison, respectively, and ordered to pay roughly $21.2 million in restitution.
The case involves Zubair Al-Zubair, 42, and Muzammil Al-Zubair, 31, who were accused of impersonating Middle Eastern royal family members and hedge fund managers long-term. They ran a scam under the guise of "government collaboration plus cryptocurrency mining investments," leveraging forged identities and official connections to win victims’ trust. Investigations showed the pair bribed local officials to secure titles like "international economic consultant" to boost their projects’ credibility.
One key victim was a Chinese cryptocurrency investor with a background in Bitcoin mining in Sichuan before relocating to the U.S. He was lured into a fake Ohio mining project, investing cash and equipment, resulting in total losses of nearly $18 million.
Other scheme victims were aske
6 minutes ago
「Trump Phone」 Disassembled: Highly Similar to HTC Model, 'Made in America' Claim Questioned
On June 11, a joint technical analysis from NBC News and repair service iFixit revealed that the so-called "Trump Mobile T1" has an internal structure nearly identical to the HTC U24 Pro—a smartphone released two years earlier.
The analysis documented a high degree of matching across the two devices’ motherboard layout, core components, and overall exterior design. The HTC U24 Pro, manufactured by Taiwan-based tech firm HTC, relies heavily on parts from Chinese supply chains.
Notably, the Trump Mobile T1 was previously marketed as "American-made," but its actual supply chain and design origins have sparked widespread public doubt about its true manufacturing authenticity. Technical tests—including full hardware scans and microscopic teardowns—confirmed the extreme hardware overlap between the T1 and U24 Pro, reinforcing market perceptions that the Trump Mobile T1 is little more than a rebranded HTC device.
6 minutes ago