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Ukraine’s Latest Drone Class Is Crippling Russia’s Supply Bridges

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Ukraine's Latest Drone Class Is Crippling Russia's Supply Bridges


Ukraine has been using new mid-range drones to attack key bridges supplying Russia’s rear forces from the south, and battlefield footage appears to show the tactic inflicting significant damage.

The country’s 1st Separate Assault Regiment said it carried out the strikes over the last week on the Armyansk, Henichesk, and Chonhar areas, the three chokepoints between Crimea and the southern front.

Bridges in those areas, situated between 50 and 75 miles from the front lines, have been critical to the Kremlin’s logistics routes to the Zaporizhzhia and Kherson regions.

In several social media posts over the last five days, the 1st Separate Assault Regiment posted first-person-view drone footage showing uncrewed systems repeatedly flown into the bridge’s surface from above. Some of the attacks were coordinated with the 475th Assault Regiment and the Security Service of Ukraine’s elite Alpha unit, it said.

“The only way of delivery of Russian soldiers, ammunition, and fuel from the temporarily occupied Crimea was attacked,” the brigade wrote.

The regiment said it used two types of mid-range drones: the FirePoint FP-2, with a wingspan of 18 feet and a 220-pound explosive payload, and the Hippo, which has a wingspan of 7.5 feet and carries a 77-pound thermobaric payload alongside 88 pounds of explosives.

Several of the clips showed at least two bridges burning, with their structures severely damaged in some areas. Business Insider could not independently verify the authenticity of the footage.

Pro-Russian authorities in the region, however, have confirmed the strikes. Vladimir Saldo, the Kremlin-appointed governor of Kherson, said on Thursday that the region’s bridges in Armyansk had come under attack from at least 45 drone attacks.

“According to preliminary reports, some damage has occurred. Experts are conducting an inspection and assessing the condition of the structures,” Saldo wrote in an update.

On Tuesday, Saldo also warned of roughly 20 drone attacks on the bridge servicing Chonhar, saying traffic there was closed.

His office later began suggesting alternative traffic routes to avoid areas affected by the strikes and said civilian passenger buses in the region would be halted due to a fuel shortage.

Mid-range drones are a rising new star in Ukraine’s attack options, allowing it to strike Russia’s rear areas and harass the Kremlin’s critical supply lines. In past years, Ukraine instead damaged Russia’s supply bridges by relying largely on sabotage or artillery systems such as the US-made HIMARS.

These drones fly further and hit harder than typical grenade-carrying quadcopters, but are cheaper to produce than the long-distance drones Ukraine uses to attack Russia’s military-industrial base.





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SpaceX’s crypto-traded IPO was sharply falling. It now points upward to a $2.4 trillion valuation

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SpaceX's crypto-traded IPO was sharply falling. It now points upward to a $2.4 trillion valuation


A SpaceX-linked perpetual contract on Hyperliquid, trading under SPCX, rebounded sharply into Friday’s expected debut after spending three weeks cutting the implied first-day premium on Elon Musk’s rocket and satellite company.

The contract traded between about $176 and $183 on Friday morning, up from a low near $153 earlier this week and above the roughly $157 level seen when CoinDesk wrote Wednesday that crypto traders were marking down the expected IPO pop.

Open interest stood near $216 million, with 24-hour volume above $150 million on Hyperliquid.

SPCX still does not give holders SpaceX shares, allocation rights or any claim on the company. It is a cash-settled derivative. But because SpaceX priced its IPO at a fixed $135 a share, it has become one of the few live markets showing where traders think the stock could open.

At Wednesday’s level near $157, SPCX implied only a roughly 16% premium to the $135 IPO price, down from about 60% when the contract briefly traded near $216 in May. At $183, the implied premium is back near 36%.



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87,714 Jobs Have Already Been Lost This Year To AI, But Billionaire Nvidia CEO Jensen Huang Says AI Taking Jobs Is ‘Complete Nonsense’

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87,714 Jobs Have Already Been Lost This Year To AI, But Billionaire Nvidia CEO Jensen Huang Says AI Taking Jobs Is ‘Complete Nonsense’


Jensen Huang is not tiptoeing around the AI jobs debate. The Nvidia (NVDA) CEO called the idea that artificial intelligence (AI) is reducing jobs “complete nonsense” in a recent interview with Bloomberg. 

Rather than making workers’ anxiety disappear, Huang’s comment simply changes the argument. His point is that companies may want more software engineers, not fewer, when each engineer can produce more with AI.

More News from Barchart

The most provocative part of his case is the productivity math. Huang framed the possibility of a single AI-enabled engineer producing “$9 trillion worth of productive work,” using that extreme example to argue that demand for engineering work can expand when the output ceiling rises.

While this might seem great in theory, the anxiety for many doesn’t come from an abstract, generalized fear of layoffs. It comes from actual headlines and executive decisions from some of the largest companies around the world. 

Huang’s argument doesn’t line up neatly with the messy reality of the current layoff cycle. Companies are increasingly pointing to AI directly in their explanations for smaller workforces.

IBM (IBM) said it would pause hiring for thousands of back-office roles that could be replaced by AI over time. Dropbox (DBX) cut about 500 employees while saying it needed to be “at the forefront of the AI era.” Duolingo (DUOL) cut roughly 10% of its contractor workforce as it leaned on AI for content production and translation work. Chegg (CHGG), hit by students turning to AI tools, announced major workforce reductions as it tried to adapt to what it called the “new realities of AI.”

The list has only grown. In February, Block (XYZ) laid off 4,000 employees, directly citing AI and intelligence tools as a reason for the move. Shortly after, Dorsey, Block’s founder, took to X to say he believes within the next year, most companies will do the same. 

“I think most companies are late. Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes. I’d rather get there honestly and on our own terms than be forced into it reactively,” Dorsey said. 

Salesforce (CRM) CEO Marc Benioff said the company reduced its customer support headcount from about 9,000 to 5,000 because AI agents meant he needed “less heads.” Amazon (AMZN) CEO Andy Jassy told employees that as the company rolls out more generative AI and agents, it expects to reduce its corporate workforce over the next few years. 

More broadly, Challenger, Gray & Christmas has also tracked AI as a rising stated reason for job cuts, with companies citing AI for 54,836 announced layoffs in 2025 and 87,714 cuts through May 2026. And Goldman Sachs (GS) currently estimates that approximately 11,000 jobs per month are being lost due to AI. 

So even if Huang is right that AI can create more work in the long run, workers are hardly imagining the short-term pressure. Plenty of employers are already using AI as part of the case for fewer people.

Even worse, after these companies made these announcements, markets largely rewarded them. Many saw substantial stock gains, giving companies a direct incentive to continue this trend. Block’s stock soared as much as 24%, largely due to the announcement about AI-related layoffs. 

On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com



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Bitmine accumulates 125K ETH in 3 days as Ethereum drops to $1600 – Buying the dip?

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Bitmine accumulates 125K ETH in 3 days as Ethereum drops to $1600 - Buying the dip?


The global market capitalization is finally exhibiting some signs of strength following a sharp decline. In parallel, Bitmine, owned by Tom Lee, brought an additional 25,000 Ethereum [ETH], valued at $41.09 million, from BitGo.

Bitmine has now amassed 125,000 ETH, valued at $206 million, in the last three days as a result of this action.

Because they take a sizable portion of ETH out of the liquid market, such large-scale purchases are frequently considered bullish indicators.

Nonetheless, considering that the price of Ethereum has dropped significantly in June, even though it was up 2.85% in the last day at the time of writing.

According to CoinMarketCap data, ETH was trading close to $2000 by the end of May and has since fallen to a low of $1,661.50. 

Is Lee’s Bitmine following Saylor’s Strategy?

As a result, when we combine Bitmine’s ETH purchases with the price movement of ETH, it is evident that Bitmine is employing the “buy-the-dip” strategy. Comparing this to Bitcoin [BTC] treasury companies, the majority of them adhere to this guide.

However, the main credit goes to Michael Saylor for starting the trend of the “buy-the-dip” strategy. 

Needless to say, there is a lot of discussion about whether Bitmine is actually Ethereum’s strategy. Here, AMBCrypto recently came to the conclusion that Bitmine is seen by some as a yield-driven version of Strategy that is focused on Ethereum. 

That being said, AMBCrypto also disclosed that 4.72 million ETH are also staked out of its total ETH reserves—indicating long-term goals.

Ethereum’s market dynamics paint a different picture

This happens as the ETF market faces difficulties, despite some indications of strength in the price action of ETH. According to Farside Investors data, the majority of May and June witnessed millions of dollars going out of ETH ETFs.

As of now in June, the ETH ETF has seen inflows of just $101.7 million but outflows of $270.1 million. 

ETH ETF in June
Source: Farside Investors

However, in June 2026, Ethereum’s Spot Taker CVD switched from strong sell dominance in May 2026 to buy dominance.

This indicated that the supply is once again being absorbed by spot buyers as aggressive selling pressure has subsided.

Ethereum Spot Taker CVD(Cumulative Volume Delta, 90-day)Ethereum Spot Taker CVD(Cumulative Volume Delta, 90-day)
Source: CryptoQuant

The change supports the larger story of increasing institutional interest in ETH and suggests renewed accumulation rather than ongoing distribution.


Final Summary

  • Bitmine too jumps on the ‘buy-the-dip’ strategy as it adds more Ethereum during the price decline.
  • The ETF market is showing signs of weak institutional interest despite price hikes and Spot Taker CVD switching to buying dominance.



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Tether leads $1.4 billion funding round in German robotics company Neura

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Tether leads $1.4 billion funding round in German robotics company Neura

Tether Investments said it led a $1.4 billion funding round for Neura Robotics, a German startup developing AI-powered humanoid robots, in what it called one of the largest investments into physical AI on record.

The funding, announced Wednesday, was projected to value Neura between $9 billion and nearly $12 billion when it first became public last November. Other participants in the round included Qualcomm Technologies, Amazon and NVIDIA, Neura said in a post on its website.

Neither Tether nor Neura responded immediately to a CoinDesk request for further information.

“AI is moving from the digital world into the physical world,” David Reger, founder and CEO of Neura Robotics, said in a statement. The company recently said it aims to produce 5 million robots by 2030 with about $1.2 billion orders already.

Tether, the issuer of the USDT stablecoin, is building its own technology right into Neura’s systems. The robots will receive their own independent digital wallets, allowing them to be paid automatically the moment they finish a job. They will also be able to make electronic payments to other machines, cutting out human managers, paperwork and bank delays.

Under CEO Paolo Ardoino, the El Salvador-based company is spending in a range of industries outside of the immediate crypto sector. Its growing portfolio includes investments in agriculture, brain tech and sports. The company made over $10 billion in profit in the first nine months of 2025 by investing rese



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Trulieve Makes History as the First US Cannabis Company to Trade on the NYSE

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Trulieve Makes History as the First US Cannabis Company to Trade on the NYSE


Trulieve Makes History as the First US Cannabis Company to Trade on the NYSE – Moby

THE GIST

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Florida-based cannabis firm Trulieve made history this morning, becoming the first U.S. “plant-touching” company to list on a major stock exchange under the ticker TRLV. The stock popped about 4% Wednesday morning, before slipping slightly. Shares are trading at around $12 per share as of 12:30pm.

WHAT HAPPENED

The move follows President Trump’s push to reclassify medical cannabis from the most restrictive Schedule I to the far less restrictive Schedule III of the Controlled Substances Act. That change cracked the window open for companies like Trulieve and its competitors to move from trading over-the-counter or on the Canadian Securities Exchange to the much more liquid NYSE or Nasdaq.

The entire legal cannabis industry will closely watch how TRLV shares trade today and over the next few weeks. It’s the first inkling of how investors, both big institutions and retail traders on Robinhood, view an emerging sector that has long suffered in the doldrums.

Cannabis is federally legal in Canada so companies like Tilray and Canopy Growth are able to list on premier exchanges like the Nasdaq, though both stocks have fallen over 90% since their all-time-highs.

WHY IT MATTERS

That same listing luxury hasn’t been afforded to companies that cultivate or sell cannabis in the U.S., since the drug remained a Schedule I drug until April. Acting Attorney General Todd Blanche moved medical cannabis to Schedule III, and the DEA has an upcoming hearing beginning on June 29 to evaluate whether that change should apply to recreational cannabis, like the gummies you’d buy at your local dispensary.

While Trulieve found a path ahead of the hearing, it’s unlikely its competitors will do the same.

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“Listing on the NYSE marks a defining moment not only for Trulieve, but for the evolution of the U.S. cannabis industry,” CEO Kim Rivers told Moby in a statement. The NYSE didn’t immediately respond to a request for comment.

Rivers separated the company’s medical assets from its recreational assets, which seems to have satisfied exchange regulators. But the company’s unique footprint in Florida makes its medical-only business an investable asset by itself. The company controls about 30-40% of Florida’s medical cannabis revenue, depending on how you back into the calculation. And while Rivers still has control over the company’s recreational business, those profits will not flow to TRLV’s balance sheet.

That same math likely isn’t true for Trulieve’s cannabis industry competitors like Curaleaf, Cresco Labs, and Green Thumb, though it’s hard to definitively say because they don’t separate their medical and adult-use revenue.

WHAT’S NEXT

That hasn’t stopped companies from preparing. TerrAscend recently called a shareholder meeting, with its board chairman Jason Wild saying that “uplisting” to a major U.S. exchange “is no longer a question of if, it’s a question of when.” Curaleaf and Verano both implemented reverse stock splits in the last two weeks to comply with the NYSE’s minimum share price requirements.

Cresco Labs, another competitor, said that it’s “actively preparing for an uplisting,” while prioritizing the “adult-use opportunities” that will emerge through the federal reform process. Reading between the lines, it means Cresco’s medical business is too small to be worth it, but the total business, including recreational, isn’t.

So, the outcome of the DEA hearing on June 29 may be the real starting bell, if it breaks the direction the industry wants. But it’s important to note that Schedule III still isn’t federal legalization, so each institutional investor — and the investment banks, custodians and clearinghouses — will make their own risk calculus as to whether to work with the industry.

But change is on the horizon. Trulieve’s the first through the door. The question now is whether the June 29 cracks it further — or opens the floodgates.



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Canton Network developer Digital Asset raises $355 million to bring capital markets onchain

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Canton Network developer Digital Asset raises $355 million to bring capital markets onchain

Digital Asset, the development firm behind the Canton Network (CC) blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts to bring capital markets onchain.

The investment was led by a16z, with the participation of global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group and the Abu Dhabi Investment Authority through a subsidiary.

The amount raised beat the target of $300 million at a $2 billion valuation that was reported last month.

The investment comes as traditional financial firms increasingly back blockchain infrastructure built specifically for regulated markets. Tempo, the payments chain developed by Stripe and Paradigm, reportedly raised $500 million last year at a $5 billion valuation. Circle Internet (CRCL), the stablecoin issuer behind USDC, raised $222 million for its Arc blockchain at a $3 billion valuation, drawing backing from BlackRock, Apollo Funds, a16z crypto and ARK Invest.



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