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cryptoJun 10, 2026, 3:33 AM

Crypto Roundup: AI Bubble Warning, Circle cirBTC, SBI Rewards

A roundup of the past 24 hours: Arthur Hayes warns on AI bubble, Circle launches cirBTC on Ethereum, Japan's SBI Shinsei Bank offers crypto rewards, and U.S. stocks lost nearly $2 trillion.

BTCUSDETHUSDXRPUSD

Key stories from the last 24 hours:

  • Arthur Hayes warns the AI bubble may burst as mega IPOs (SpaceX, Anthropic, OpenAI) and rising oil prices pressure the AI complex.
  • Circle launched cirBTC on Ethereum, a 1:1 Bitcoin-backed collateral token for institutional DeFi.
  • White House crypto advisor Patrick Witt expects a 'big week ahead for Clarity' with narrowing issues and good-faith offers.
  • Japan's ¥1 trillion SBI Shinsei Bank will reward depositors with BTC, ETH, and XRP.
  • CZ commented that our children will judge our regulation of AI and crypto, and said Bitcoin 'will not stay dead for too long,' urging calm.
  • Tokenized funds grew from zero to ~$34 billion in three years (Token Terminal).
  • U.S. stocks shed nearly $2 trillion in market value over two hours.
  • SpaceX aims to demo orbital AI computing by late 2027 (Reuters).
  • Robinhood CEO Vlad Tenev said Robinhood Securities is approved as an IPO underwriter and plans to be disruptive.
  • Ondo Perps launched a public beta for equity perpetual futures with up to 20x leverage.
  • Senator Lummis: 'Financial freedom is an American value. Digital assets are its newest expression.'

Source: Cointelegraph