A coalition of U.S. state attorneys general served OpenAI with a broad subpoena on Friday, June 12, seeking records on advertising, user interactions, data handling, and how its products are used by children and older users. The multi-state probe, led by New York's attorney general, adds to mounting state scrutiny and could pressure OpenAI to adjust ChatGPT's safety and privacy practices as it approaches an IPO timeline discussed for September.

On June 12, Google filed a federal lawsuit in Manhattan against "Outsider Enterprise," alleging the China-based group used Gemini and other AI tools to power large-scale phishing. The FBI has linked the activity to roughly 3.87 million stolen credit cards and estimated losses of $1.9 billion since July 2023. The coordinated takedown, dubbed "Operation Ghost Hook," also involved domain seizures and about $100,000 taken from payment wallets.

Coinbase's Quantum Advisory Board said on June 11 that blockchain developers and crypto holders should start shifting to quantum-resistant cryptography, warning that future quantum machines could eventually compromise wallet security. The group estimated about 6.9 million BTC are in wallets with publicly visible keys, including roughly 1.7 million BTC in legacy P2PK addresses where keys are permanently exposed, while noting no quantum computer can break blockchain encryption today and NIST's recommended migration target is 2035.

Blockrise founder Jos Lazet argues that Bitcoin’s next phase could be driven by crypto-native "anarchistic neobanks" that combine onchain settlement with regulated banking safeguards. In April 2026, Blockrise partnered with European neobank bunq to embed insured bank accounts into its Bitcoin-only platform, with fiat deposits protected up to €100,000 under the Dutch Deposit Guarantee Scheme. The article also highlights stablecoin rails and regulation—including $33 trillion in stablecoin transaction volume in 2025—as factors pushing more activity into licensed financial channels.

Japan’s central bank is widely expected to raise its policy rate from 0.75% to 1% at the June 15-16 meeting, a level not seen since 1995. Higher borrowing costs and a shifting yen backdrop could change how capital moves through Japan’s regulated crypto venues, where BTC/JPY remains a heavily traded pair.

On June 11, the European Central Bank raised its deposit rate by 25 basis points to 2.25%, marking its first increase since September 2023. May eurozone inflation came in at 3.2% year on year, with energy prices up 10.9%, and the ECB said the Middle East conflict is adding broader inflation pressure.

Osaka Exchange plans to introduce Bitcoin futures by 2028 to give Japanese institutional investors a regulated way to hedge Bitcoin exposure tied to ETFs. The plan was reported on June 11, with OSE President Akira Tagaya saying the product is aimed at institutions already accessing Bitcoin through the ETF process. In parallel, Japan's FSA is preparing changes that could treat crypto as "specified assets" under the Investment Trust Law, a shift analysts say could support a market worth up to ¥1 trillion.

PiggyBank disclosed that a basis trade using locked LAB tokens led to losses after the hedge broke, and it now expects an approximately 15% drawdown in its USDC vault. The protocol said it deployed about $100,000 (around 2% of assets at the time) and is valuing the locked LAB position at roughly $1.35 million, but it cannot be sold until August 14. PiggyBank has pledged to compensate affected users, without providing amounts or a timetable.

On June 10, the U.S. government transferred about $984,000 in crypto traced to seized FTX and Alameda assets to Coinbase, including a separate deposit of 98,591 LINK worth $768,000. The remaining $216,000 transfer included LINK, AAVE, CHZ, and BAL. The activity extends a pattern of moving forfeited tokens to exchanges over recent months.