SBI Holdings has agreed to acquire all shares of cryptocurrency exchange Bitbank in a ¥46.7 billion ($289 million) deal. The transaction would create Japan’s largest crypto exchange operator by assets under custody. The acquisition will be carried out through SBICAH, a wholly owned SBI subsidiary.

IBM’s shares (NYSE: IBM) rose nearly 4% in premarket trading after the company unveiled what it described as the first chip technology to break the 1-nanometer barrier. IBM said the advance uses a new “nanostack” architecture. The company has not identified a manufacturing partner and said production remains about five years away.

Security firm Novee identified “Cordyceps,” a class of exploitable CI/CD weaknesses in open-source repositories that could let attackers steal credentials, inject malicious code, and disrupt operations at major software organizations. The issues were found in repositories tied to Microsoft, Google, Apache, Cloudflare, and the Python Software Foundation, according to Novee. The companies said the vulnerabilities have been fixed.

President Donald Trump refused to sign Congress’s bipartisan housing affordability package, stalling a four-year prohibition on a Federal Reserve digital dollar. He said the signing ceremony was canceled until Congress passes the SAVE AMERICA ACT, a voter-ID and proof-of-citizenship measure. The pause also clouds the timeline for the crypto industry-backed Digital Asset Market Clarity Act, with the Senate facing roughly five weeks before its summer recess.

Baton Corporation, the UK-registered company behind Solana memecoin launchpad Pump.fun, posted a Chief Legal Officer job opening on June 24 with a salary range of $1 million to $5 million a year. Co-founder Alon Cohen promoted the role, saying the hire would take ownership of the company’s regulatory and litigation posture. Baton is defending a consolidated class action in the Southern District of New York and a separate RICO claim that could expand its legal and financial exposure.

Kalshi CEO Tarek Mansour has confirmed the prediction-market operator will not go public this year, even as annualized revenue has exceeded $2 billion and its private valuation stands at $22 billion, according to reports. The company has held informal conversations with investment banks about a future listing. People familiar with Kalshi’s finances say an IPO is unlikely before late 2027 or early 2028.

Maryland state delegate Adrian Boafo won the Democratic primary for the state’s 5th Congressional District on June 23, a result seen as a win for the crypto industry’s political push. Protect Progress, the Democratic arm of the Fairshake crypto super PAC network, spent about $5.5 million backing Boafo. Total outside spending on his behalf was roughly $11 million when including pro-Israel group support.

Dunamu, which operates the Upbit exchange, is competing with at least six other firms to become South Korea’s official custodian for seized bitcoin as the National Police Agency seeks to prevent further mishandling of confiscated crypto. The winner will partner with the agency under a 267 million won ($179,000) contract to hold and manage digital assets taken in criminal investigations, according to procurement records posted on the government’s KONEPS platform. Local South Korean media reports said other bidders include custody and blockchain firms such as KDAC-Korbit and BDACS.

An investor in Goldfinch, a decentralized credit protocol backed by Andreessen Horowitz, publicly alleged the project mismanaged over $50 million in user funds. The investor said borrower defaults and failed restructurings make it highly unlikely depositors will recover their money. One day after the post, Goldfinch said it would enter a wind-down process.