SpendNode Podcast: Crypto News & Analysis

Bitcoin OTC desk balances have fallen to record lows, with about 400,000 BTC drained since 2022, even as spot prices slide and ETF outflows extend. Read the full article: https://www.spendnode.io/blog/bitcoin-otc-desk-balances-record-low-400k-drain-june-2026/

Strategy added $300M to its USD reserve for a third straight week, lifting it to $1.4B, while buying just 520 BTC. The goal: defend its stumbling STRC preferred. Read the full article: https://www.spendnode.io/blog/strategy-cash-reserve-1-4b-strc-stumble-june-2026/

Bank of Korea's Project Hangang deposit-token pilot now spans nine banks and is testing bank-issued tokens for live government subsidy payments. Read the full article: https://www.spendnode.io/blog/bank-of-korea-project-hangang-phase2-nine-banks-june-2026/

MoneyGram is now a Solana validator and is running its own MGUSD stablecoin across Stellar and Tempo, betting global remittances move onto stablecoin rails. Read the full article: https://www.spendnode.io/blog/moneygram-solana-validator-mgusd-stablecoin-june-2026/

Baillie Gifford, a 118-year-old Scottish asset manager, has launched BAGEY, a UK-regulated tokenized corporate bond fund paying about 7%, with BNY on infra. Read the full article: https://www.spendnode.io/blog/baillie-gifford-bagey-tokenized-bond-fund-june-2026/

OKX and Intercontinental Exchange, the NYSE's parent, are forming a joint venture co-chaired by former New York Governor Andrew Cuomo to merge crypto and TradFi. Read the full article: https://www.spendnode.io/blog/okx-ice-joint-venture-cuomo-cochair-june-2026/

Hu Xiaowei, a figure tied to the Prince Group network behind a roughly $15B Bitcoin scam empire, was arrested in Tokyo, per WuBlockchain. Here is what it means. Read the full article: https://www.spendnode.io/blog/prince-group-hu-xiaowei-tokyo-arrest-15b-scam-june-2026/

The Bank of England scrapped proposed individual holding caps on sterling stablecoins and lowered its reserve floor, easing a plan it called overly conservative. Read the full article: https://www.spendnode.io/blog/bank-of-england-drops-stablecoin-holding-caps-june-2026/

South Korea's Toss Bank will pilot Solana for global remittances and stablecoin settlement, putting a public blockchain in front of roughly 15 million users. Read the full article: https://www.spendnode.io/blog/toss-bank-solana-remittance-stablecoin-poc-june-2026/

Kraken's push for direct Federal Reserve payment access could set the precedent for whether crypto firms ever bypass correspondent banks. Here is what is at stake. Read the full article: https://www.spendnode.io/blog/kraken-federal-reserve-master-account-payment-access-june-2026/

Taiko says its chain state verification mechanism is compromised, telling users to withdraw from bridges and asking exchanges to suspend TAIKO deposits. Read the full article: https://www.spendnode.io/blog/taiko-bridge-verification-compromise-withdraw-funds-june-2026/

Google, Meta, PayPal and Chainalysis have committed to fighting the illegal wildlife trade with AI detection and blockchain analytics, per a June 2026 report. Read the full article: https://www.spendnode.io/blog/tech-crypto-firms-wildlife-trade-blockchain-analytics-june-2026/

Philippines SEC Commissioner Rogelio Quevedo says the regulator's real-world-asset tokenization framework is ready, putting Manila among the first SE Asian markets with live rules. Read the full article: https://www.spendnode.io/blog/philippines-sec-rwa-tokenization-framework-ready-june-2026/

Three US agencies have published GENIUS Act rules forcing stablecoin issuers into bank-grade supervision. The cost favors big issuers and points to consolidation by 2027. Read the full article: https://www.spendnode.io/blog/stablecoin-rules-bank-supervision-small-issuers-june-2026/

Jaredfromsubway.eth, the bot behind most of Ethereum's sandwich attacks, lost $7.5M after an attacker baited its own MEV logic with fake liquidity pools. Read the full article: https://www.spendnode.io/blog/ethereum-sandwich-bot-jaredfromsubway-drained-7-5m-june-2026/

A National Assembly petition to scrap South Korea's crypto gains tax has passed 58,000 signatures, clearing the 50,000 threshold that forces a committee review. Read the full article: https://www.spendnode.io/blog/south-korea-crypto-tax-repeal-petition-50000-signatures-june-2026/

A Japanese corporate pension fund covering 1,200 SMEs will put about 1% of its 21.3 billion yen into a passive multi-crypto fund from fiscal 2026 to hedge currency risk. Read the full article: https://www.spendnode.io/blog/japan-corporate-pension-fund-crypto-allocation-june-2026/

US spot Bitcoin ETFs logged their biggest 30-day net outflow since launch, $6.35B, as BTC trades near $64,500 and the Fear & Greed index sits at 23. Read the full article: https://www.spendnode.io/blog/bitcoin-etfs-record-6-4b-30-day-outflow-june-2026/

US spot Bitcoin ETFs have now seen six consecutive weeks of net outflows, with BTC near $64,160 and the Fear & Greed index sitting at 22. Read the full article: https://www.spendnode.io/blog/bitcoin-etf-sixth-straight-week-outflows-june-2026/

Coin Bureau reports the XRP Ledger pulled in $1.9 billion in net real-world asset inflows, pushing it to the front of crypto's tokenization race in mid-2026. Read the full article: https://www.spendnode.io/blog/xrp-ledger-leads-rwa-1-9b-inflows-june-2026/

Bitdeer has run a zero-Bitcoin treasury since late February 2026, selling all 921 BTC it mined in May to fund an AI and datacenter pivot. Here is the breakdown. Read the full article: https://www.spendnode.io/blog/bitdeer-sells-all-mined-bitcoin-zero-treasury-june-2026/

Solana's official account flagged $1 billion in weekly tokenized equities volume, with the chain now holding the bulk of on-chain stock trading. Read the full article: https://www.spendnode.io/blog/solana-tokenized-equities-1b-weekly-volume-june-2026/

India's Enforcement Directorate has raided Bengaluru firms over alleged crypto-linked transfers above $260 million, raising compliance stakes for Indian users. Read the full article: https://www.spendnode.io/blog/india-enforcement-directorate-raids-bengaluru-crypto-260m-june-2026/

US bankers are escalating lobbying against yield-bearing stablecoins as the Senate moves closer to action, per Cointelegraph. The fight is over deposits. Read the full article: https://www.spendnode.io/blog/us-banks-lobby-against-stablecoin-yield-senate-june-2026/

Arthur Hayes's attributed wallet sold 6,000 ETH near $1,690 for a ~$606K realized loss, days after buying, while large holders kept accumulating near $1,700. Read the full article: https://www.spendnode.io/blog/arthur-hayes-sells-6000-eth-loss-june-2026/