The Commodity and Futures Trading Commission sued New Mexico after the state tried to apply its gaming rules to Kalshi’s federally regulated event-contract markets. The state previously sought an injunction to stop Kalshi from offering sports-related contracts, while the CFTC is asking a federal court to confirm exclusive federal authority and block enforcement of preempted state laws.

Binance halted its SPCXx tokenized SpaceX offering after it and other exchanges could not obtain enough SpaceX shares to support the product. The campaign drew about $557 million in subscriptions, and Binance said user funds will be refunded in USDC and that an additional $1 million compensation program will be provided. The exchange stated refunds will be completed by June 12, with related airdrop credits expected by June 18.

A U.S. House Ways & Means Committee hearing on six crypto tax bills revealed sharp disagreements over how quickly Congress should rewrite digital-asset tax rules. Republicans argued for faster modernization, while Democrats warned the proposals are moving too quickly and could add market risks, leaving prospects for agreement uncertain ahead of midterm elections.

Coinbase Institutional Strategy head John D'Agostino says large investors are showing more interest in accumulating Bitcoin near the $60,000 level than buying at market peaks. He added that spot ETFs still represent nearly $100 billion in exposure, while retail participation is down about 15% even after BTC fell roughly 50% from its October high. Bitcoin was trading at $62,724, down 22% over the last 30 days.

XRP Ledger is preparing to deploy version 3.2.0 to mainnet, which includes infrastructure changes and a rename of the core server software from "rippled" to "xrpld." Validators, node operators, and other infrastructure providers are expected to update ahead of the migration, with a technical playbook being prepared to support the transition.

On Wednesday, a House of Lords committee urged the UK to advance stablecoin oversight while avoiding measures that could suppress the nascent market for pound sterling-pegged tokens. The panel warned that overly restrictive requirements—such as proposed caps on wallet holdings and forcing issuers into zero-interest central bank deposits—could undermine competitiveness and leave the UK trailing the US and EU.

Robinhood Markets has completed its acquisition of Canadian crypto firm WonderFi, using the deal to expand further into Canada as part of its international rollout. The company said the move takes its worldwide funded customer count to above 1 million and brings WonderFi’s Bitbuy and Coinsquare into the Robinhood ecosystem. Robinhood also introduced Agentic Trading and an Agentic Credit Card, enabling approved AI agents to execute transactions within set limits.

Toncoin climbed more than 13% in 24 hours after Telegram said its TON token will revert to the original name “Gram,” with the rollout expected to take about three weeks. The move pushed TON to $2.26 before it eased to around $2.09, while the token is up roughly 58% over the past 30 days but remains well below its 2024 peak of $8.25.

President Donald Trump said he wants Congress to codify a “future-proof” U.S. digital asset market structure that would be difficult for future administrations to reverse. The push comes as the CLARITY Act advances after a May 14, 2026 Senate Banking Committee markup vote, following the House’s July 17, 2025 passage, with the White House publicly eyeing July 4, 2026 for a signing date.