In brief Robinhood launched the public mainnet of Robinhood Chain, an "AI-native" Ethereum layer-2 network. The chain further bridges the firm's traditional financial offerings with its crypto products, beginning with Stock Tokens. Shares finished the day up more than 8% on the news, though are still well off their 52-week high. Publicly traded brokerage and financial app Robinhood launched the public mainnet Wednesday for its Ethereum layer-2 network, Robinhood Chain.
The Arbitrum-powered network aims to “bridge the gap” between crypto and the traditional finance world, opening with integrations from BitGo, Chainlink, and partnerships with Uniswap and Pleiades to offer dedicated automated market making for public liquidity and prop trading, respectively. The network, described by Robinhood as “AI-native,” also supports trading by AI agents.
“Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate,” said Robinhood SVP and General Manager of Crypto and International Johann Kerbrat, in a statement.
“We’re bringing the best of traditional finance and DeFi together, and in doing so, expanding financial ownership to every corner of the globe,” he said.
The firm’s network will also unlock additional productivity for what it calls “Stock Tokens,” or tokenized, on-chain representations of shares in the world’s biggest companies like Nvidia and Apple, allowing users in eligible jurisdictions—which doesn’t include the U.S.—to place them in lending pools and use them as collateral in DeFi.
The firm is also expanding the feature set within its Robinhood Wallet, opening up perps trading directly in-wallet via decentralized perpetuals exchange, Lighter and enabling eligible U.S. users to use Robinhood Earn, a feature that allows individuals to lend dollar-backed stablecoin USDG for around 7% APY.
Beyond its new features, a core focus of the brokerage’s latest announcement is a major geographic expansion, including welcoming users from Canada and soon Singapore, which will add to its nearly 28 million existing customers. Additionally, Robinhood expects to offer crypto services to users in the U.K. in the near future.
Shares in Robinhood (HOOD) finished the day up more than 8% on Wednesday and now nearly 20% in the last month, changing hands at $108.65. Even at that mark, though, it remains more than 29% off its 52-week high of $153.86.
Last month, the firm cut about 10% of its staff amid a severe downturn in revenue from its crypto offerings, which dropped 34% quarter-over-quarter to $134 million from $221 million.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Robinhood launched the public mainnet of Robinhood Chain, an "AI-native" Ethereum layer-2 network. The chain further bridges the firm's traditional financial offerings with its crypto products, beginning with Stock Tokens. Shares finished the day up more than 8% on the news, though are still well off their 52-week high. Publicly traded brokerage and financial app Robinhood launched the public mainnet Wednesday for its Ethereum layer-2 network, Robinhood Chain.
The Arbitrum-powered network aims to “bridge the gap” between crypto and the traditional finance world, opening with integrations from BitGo, Chainlink, and partnerships with Uniswap and Pleiades to offer dedicated automated market making for public liquidity and prop trading, respectively. The network, described by Robinhood as “AI-native,” also supports trading by AI agents.
“Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate,” said Robinhood SVP and General Manager of Crypto and International Johann Kerbrat, in a statement.
“We’re bringing the best of traditional finance and DeFi together, and in doing so, expanding financial ownership to every corner of the globe,” he said.
The firm’s network will also unlock additional productivity for what it calls “Stock Tokens,” or tokenized, on-chain representations of shares in the world’s biggest companies like Nvidia and Apple, allowing users in eligible jurisdictions—which doesn’t include the U.S.—to place them in lending pools and use them as collateral in DeFi.
The firm is also expanding the feature set within its Robinhood Wallet, opening up perps trading directly in-wallet via decentralized perpetuals exchange, Lighter and enabling eligible U.S. users to use Robinhood Earn, a feature that allows individuals to lend dollar-backed stablecoin USDG for around 7% APY.
Beyond its new features, a core focus of the brokerage’s latest announcement is a major geographic expansion, including welcoming users from Canada and soon Singapore, which will add to its nearly 28 million existing customers. Additionally, Robinhood expects to offer crypto services to users in the U.K. in the near future.
Shares in Robinhood (HOOD) finished the day up more than 8% on Wednesday and now nearly 20% in the last month, changing hands at $108.65. Even at that mark, though, it remains more than 29% off its 52-week high of $153.86.
Last month, the firm cut about 10% of its staff amid a severe downturn in revenue from its crypto offerings, which dropped 34% quarter-over-quarter to $134 million from $221 million.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Ethereum Institutional's launch has drawn widespread backing from across the Ethereum ecosystem, with some commentary from Standard Chartered Bank, Etherealize, Aztec Labs, Spark and Bitwise describing it as an important step toward accelerating institutional adoption and strengthening Ethereum's position as the leading blockchain for tokenized assets and financial infrastructure.Supporters say the initiative reflects Ethereum's increasingly decentralized ecosystem, arguing that multiple independent organizations, not a single entity, are now driving adoption efforts as the network matures and expands its institutional reach.The launch of Ethereum Institutional on Wednesday was met with widespread support across the Ethereum ecosystem, with industry leaders arguing the initiative will strengthen Ethereum's position as institutional adoption accelerates.
One of the endorsements came from Standard Chartered Bank, which said Ethereum Institutional addresses a longstanding communications gap between Ethereum and the world's largest financial institutions.
"These announcements will drive the type of communication the Ethereum ecosystem has been lacking. The aim is to ensure Ethereum is well represented in institutional conversations, and to make sure the broader ecosystem captures the maximum benefit from those engagements, so that more institutions are brought onchain and ultimately have more of the world's tokenized assets, stablecoins, and market infrastructure on Ethereum and its ecosystem,” a representative for the Bank told CoinDesk in an email.
The initiative is designed to improve Ethereum's engagement with institutions through education, advocacy and strategic communications, complementing the work of other independent organizations across the ecosystem.
Its launch comes as Ethereum's support ecosystem undergoes a broader evolution, following the debut of EthLabs and amid ongoing efforts by the Ethereum Foundation to respond to community criticism over transparency, communication and its role within the ecosystem by encouraging more independent organizations to take the lead on adoption and ecosystem growth.
Vivek Raman, CEO of Etherealize, said on X that Ethereum Institutional is another example of Ethereum's decentralized model in action.
"Ethereum is not built by or run by a single organization," Raman wrote. "Ethereum is a network of independent nodes that collectively make the infrastructure inevitable. Ethereum Institutional will play a key role in amplifying and growing Ethereum. Could not be more excited for this launch."
Joe Andrews, CEO of privacy developer firm Aztec Labs, told CoinDesk that the launch reflects the continued decentralization of Ethereum's support ecosystem rather than the emergence of a single voice.
"Over the last two weeks, the Ethereum community has further added to the decentralisation of the network," he said. "There are now three non-profits all advocating for adoption of Ethereum. It is natural that one of these entities is focusing on institutions, as the world needs a global settlement layer and Ethereum is the only credible option."
Spark CEO and co-founder Sam MacPherson said the significance lies less in the creation of another organization and more in what it signals about Ethereum's evolution.
"The interesting signal isn't the organization itself," he said. "It's that Ethereum is reaching a level of maturity where multiple independent groups are investing in its long-term development. As institutional participation grows, that kind of distributed stewardship will become increasingly important to supporting the next phase of the ecosystem."
Asset management firm Bitwise CIO Matt Hougan echoed the development with praise, describing it as an example of Ethereum's decentralized ecosystem adapting and strengthening over time.
"It's kind of awesome to watch a decentralized system heal itself and find ways to make progress," Hougan wrote on X. "Inspiring stuff."
Taken together, the reactions highlight a common theme: supporters see Ethereum Institutional not as a new center of power, but as another independent organization helping position Ethereum for its next phase of institutional growth.
Read more: Ethereum gets a new nonprofit focused on institutional adoption
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Bitcoin, Ethereum, XRP, and Solana have once again become the focal point of the crypto market after simultaneously flashing monthly buy signals on the TD Sequential indicator. This development has fueled speculation that a long-term bottom might be forming across leading cryptocurrencies; however, analysts warn that the indicator alone does not guarantee the start of a sustained rally.
Unified technical signal emergesCrypto market analyst Ali Martinez reported that all four major cryptocurrencies triggered a TD Sequential buy signal on the monthly chart. Used primarily on higher timeframes, this indicator aims to spot moments when the prevailing trend is losing steam and the stage may be set for a reversal.
Glossary: The TD Sequential, developed by market analyst Tom DeMark, is a technical indicator designed to identify moments when trends are becoming exhausted and a possible reversal is imminent, using specific counting sequences.
The monthly chart is pointing to a simultaneous macro reversal setup. The TD Sequential indicator is giving a buy signal for Bitcoin, Ethereum, XRP, and Solana.
It is rare for all four major cryptos to show monthly buy signals at the same time. This technical improvement has fostered cautious optimism in the market, especially after the sharp volatility seen in recent weeks.
Latest on prices and futures marketsAccording to data from CoinMarketCap, Bitcoin was trading at $59,947.31, Ethereum at $1,615.92, XRP at $1.05, and Solana at $77.45. Analysts note that these large-cap assets are presenting a more positive picture compared to earlier market turbulence.
AssetPriceOpen Futures InterestBitcoin$59,947.31$8.50 billionEthereum$1,615.92$21.99 billionXRP$1.05$2.31 billionSolana$77.45$5.58 billionCoinGlass data shows the open interest in Bitcoin futures on Binance stands at $8.50 billion. Open interest for Ethereum has reached $21.99 billion. XRP and Solana report figures of $2.31 billion and $5.58 billion, respectively. This data suggests that interest in the derivatives market persists, indicating continued engagement from traders and investors.
ETF flows reflect ongoing cautionUS spot Bitcoin ETFs saw net outflows totaling $222.60 million on July 1. Despite this, the total net inflows since these products launched have reached $51.59 billion. This pattern shows that while some investors are taking short-term profits, the broader trend has not been completely disrupted.
Spot Ethereum ETFs, meanwhile, recorded a net outflow of 16,715.33 ETH on June 30. Although institutional players continue to display caution, sentiment around longer-term demand remains upbeat.
Monthly buy signals may signal weakening selling pressure, but further confirmation is needed for a sustained recovery.
In the coming weeks, if Bitcoin, Ethereum, XRP, and Solana manage to hold above current price levels, strengthen ETF inflows, see a rise in open interest, and log increased buying volumes, the probability of a broader crypto market recovery will likely increase.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Aave, the decentralized finance lending protocol, reported its strongest daily network growth in recent years on June 30. Within just 24 hours, 1,806 new Ethereum wallets were created on the platform. This surge stands out against the backdrop of broader weakness in cryptocurrency markets and signals a fresh wave of user interest in the Aave ecosystem.
Sharp jump in network growthAccording to data from Santiment, the number of new wallets on Aave reached its highest point since October 2021. The metrics indicate that the growth is driven primarily by the arrival of new addresses, rather than increased activity from existing users. Analysts view this as an early sign of renewed interest in DeFi platforms.
Santiment announced that Aave saw 1,806 new wallets on the Ethereum network within 24 hours, making it the largest day of network expansion since 2021.
Aave remains one of the largest DeFi protocols, enabling users to deposit crypto assets for yield and to borrow funds against their collateral. The uptick in new addresses suggests that enthusiasm for lending and borrowing products on the platform could be reviving.
Glossary: Total value locked is a key measure representing the total value of assets deposited in a DeFi protocol. Network growth tracks the expansion of a user base by counting newly created wallets over a defined period.
Token price and value lockedAt the time of publication, the AAVE token was trading around $86.20. While the asset had dropped by 2.4% over the previous 24 hours, it recorded an approximate 9% gain over the past week. This performance points to relative resilience in the AAVE token despite ongoing market pressures.
IndicatorDataNew wallets in 24 hours1,806AAVE price$86.2024-hour change2.4% decline7-day changeApprox. 9% increaseTotal value locked$12.2 billionThe value locked in Aave’s lending pools currently stands at around $12.2 billion. This substantial figure reflects both robust user deposits and sustained borrowing demand, confirming Aave’s status as one of the leading players in the DeFi market.
Santiment highlighted that this pace of new wallet creation points to growing interest behind the scenes and may support price stability during periods of uncertainty.
Upgrades and ongoing risk discussionsDevelopment continues on Aave’s V4 upgrade, which aims to improve the protocol’s lending efficiency and system design. A new structure called Smart Value Recapture is also in the works to further strengthen the platform’s revenue streams.
Within the Aave community, discussions on borrowing limits and risk management are front and center. These debates reflect the ongoing effort to balance the platform’s growth ambitions with system security. Although the influx of new users is significant, its lasting impact will depend on whether these wallets translate into active engagement and sustained DeFi demand.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Morpho received two major institutional endorsements in a single day after Standard Chartered initiated coverage of the DeFi lending protocol and Robinhood unveiled a new Crypto Earn product powered by Morpho’s infrastructure.
The back-to-back developments strengthen Morpho’s position as one of the fastest-growing decentralized lending platforms competing alongside Aave. The MORPHO token’s price is up over 12% on the day.
MORPHO Price Performance. Source: BeInCryptoRobinhood Brings Morpho to Mainstream UsersRobinhood has begun rolling out its Crypto Earn product, a decentralized lending service powered by Morpho, to eligible users through the Robinhood app and Robinhood Chain.
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The first lending vault is curated by Steakhouse Financial and incorporates Maple Finance’s newly launched syrupUSDG, an institutional credit product backed by the regulated Global Dollar (USDG) stablecoin issued by Paxos on behalf of the Global Dollar Network.
According to Maple, the company has originated more than $22 billion in institutional loans since 2022. Through the new integration, Robinhood users will gain access to on-chain credit strategies built on Morpho’s open lending infrastructure.
“Morpho provides the open credit network that enables specialized credit strategies to reach users at scale,” Morpho CEO and co-founder Paul Frambot said in the announcement.
Standard Chartered Strengthens the Bullish NarrativeThe Robinhood announcement follows Standard Chartered’s decision to initiate coverage on MORPHO, calling the protocol one of the strongest long-term plays in decentralized finance.
The bank highlighted Morpho’s Vaults architecture as a key differentiator, arguing that its modular design makes it well suited for institutional asset managers, fintech platforms, and tokenized real-world assets. Analysts also pointed to the protocol’s rapid growth and expanding integrations across the digital asset ecosystem.
Together, the research note and Robinhood integration suggest growing institutional confidence in Morpho’s infrastructure rather than simply its token.
What’s Next for Morpho?Robinhood said access to Crypto Earn will expand gradually over the coming weeks, while Maple plans to extend syrupUSDG to additional blockchain networks beyond Ethereum and Robinhood Chain.
For investors, the latest announcements suggest Morpho is evolving from a leading DeFi lending protocol into critical financial infrastructure for regulated stablecoins, institutional credit, and mainstream fintech platforms, a trend that could further accelerate adoption as tokenized finance continues to grow.
@aave recorded its strongest single day of network growth in nearly five years on June 30, adding 1,806 new wallets on Ethereum in 24 hours, its highest tally since October 2021, according to @SantimentData. The milestone stands out against a broader crypto market that has spent much of the first half of the year under pressure.
$AAVE Holds Up While the Market Slides $AAVE has gained roughly 19% over the past week even as Bitcoin hovers around $60,000. CoinDesk notes that network growth measures new addresses interacting with or holding a token, so the surge points to fresh participants arriving rather than existing holders rotating positions. The protocol holds approximately $12.6 billion in total value locked.
Several developments are converging to draw attention. Aave is rolling out its V4 upgrade on Ethereum, which introduces a hub-and-spoke architecture designed to separate individual lending markets while keeping liquidity centralised in shared pools. The Aave DAO is also actively debating borrowing limits, and a new revenue mechanism called Smart Value Recapture is under focus as the protocol looks to route more value back into the system.
V4 and a Bold Bank Call Add to the Momentum Aave V4 launched on Ethereum mainnet in March 2026 after more than two years of development. The upgrade introduces three liquidity hubs at launch, each with conservative supply and borrow caps that the Aave DAO can expand as the protocol proves itself in production. The Defiant reported that Aave has processed over one trillion dollars in cumulative loans and holds more than 50% of the decentralised lending market.
Adding to the positive backdrop, Standard Chartered initiated coverage of Aave in late June with a $3,500 price target for $AAVE by end-2030. Crypto Briefing reported that Geoff Kendrick, the bank's global head of digital assets research, argued Aave is positioned to retain its lead in decentralised lending as tokenised real-world assets move onto blockchain networks, with the bank projecting that tokenised assets used in DeFi could grow 37 times by 2030.
The wallet spike is an encouraging signal, though analysts caution it is not a guarantee of sustained activity. As CoinDesk put it, new wallets show attention rather than commitment, and the figure matters only if it converts into deposits, borrowing, and the protocol revenue that follows.
Sources:
CoinDesk: Aave logs biggest network-growth day in nearly 5 years
Aave: Aave V4 is Live on Ethereum
Crypto Briefing: Standard Chartered initiates Aave coverage with $3,500 target for 2030
Crypto analyst Ali Martinez said that signals indicating a long-term market reversal are emerging in major crypto assets, particularly Bitcoin. According to Martinez, the Tom DeMark (TD) Sequential indicator is giving a bullish signal for Bitcoin, Ethereum, XRP, and Solana on the monthly charts.
The analyst noted that trend exhaustion signals, especially those seen in higher timeframes like monthly charts, are significant. Martinez stated that in the past, multiple major crypto assets simultaneously generating monthly bullish signals indicated seller fatigue and long-term market lows.
Another data point highlighted by Martinez concerned the profit and loss status of Bitcoin’s supply. According to the analyst, for the first time in this cycle, the amount of Bitcoin held at a loss reached 10.45 million BTC, surpassing the 9.60 million BTC held at a profit.
Martinez said that the fact that more than half of the circulating Bitcoin supply is at a loss indicates that the speculative bubble in the market has largely cleared. The analyst argued that such crossovers have only been seen very close to major cycle bottoms in Bitcoin’s 15-year history.
Looking at past examples, a similar intersection first occurred in September 2011, and Bitcoin bottomed out in November 2011, starting a new bull market. The second intersection took place in September 2014, and after the market consolidated under these conditions until October 2015, it entered a new expansion period.
The third intersection, seen in November 2018, coincided with one of the harshest periods of the bear market. Following this, Bitcoin began a new bull cycle in March 2019. A similar intersection occurred during the liquidity crisis of March 2020, but this lasted only 17 days, and Bitcoin recorded a strong recovery by April 2020.
According to Martinez, the first supply intersection of the current cycle officially occurred in June 2026, and the metrics have continued to move in the opposite direction since then. The analyst argued that while such periods have lasted from a few weeks to a few months in past data, Bitcoin is currently trading in a region of high-reliability accumulation.
*This is not investment advice.
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Bitcoin reclaimed the $60,000 level, lifting major cryptocurrencies higher suggesting a potential long-term buying opportunity may be emerging despite lingering downside risks.
Notable Statistics:
Coinglass data shows 97,328 traders were liquidated in the past 24 hours for $398.51 million. SoSoValue data shows net outflows of $222.6 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $27.6 million. In the past 24 hours, top gainers include MemeCore, Jupiter and Venice Token. Notable Developments:
Trader Notes:
Crypto chart analyst Ali Martinez says the monthly charts for Bitcoin, Ethereum, XRP and Solana are flashing Tom DeMark (TD) Sequential buy signals, a technical indicator often associated with trend exhaustion and potential reversals.
This suggests selling pressure may be fading and could mark the formation of a long-term market bottom.
Trader Jelle explained that historically Bitcoin bear markets have tended to bottom roughly a year after they begin, despite sentiment often feeling most pessimistic near the end of the cycle.
If the current cycle follows a similar timeline, the market could be about 75% through the downturn, indicating that the final phase of the bear market may be approaching. However, analysts caution that history does not guarantee the same outcome.
Trader KillaXBT expects short-term relief for Bitcoin despite maintaining a bearish longer-term outlook.
After sweeping major liquidation levels, BTC could stage a temporary rally before potentially making one final move toward the low $50,000 range.
Image: Shutterstock
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The Winklevoss twins have transferred about $67 million worth of Bitcoin and Ethereum to Gemini wallets, with Arkham Intelligence identifying the transactions as matching their usual selling pattern.
Summary
Arkham Intelligence flagged the Winklevoss twins’ $67 million Bitcoin and Ethereum transfers to Gemini as matching previous selloff patterns. Bitcoin remains under pressure as Citigroup cuts its price target and ETF outflows continue weighing on market sentiment. Ethereum holds near key support despite continued treasury purchases from SharpLink and Bitmine failing to offset whale selling. According to blockchain analytics firm Arkham Intelligence, Cameron and Tyler Winklevoss moved roughly $60 million in Bitcoin (BTC) and another $7 million in Ethereum (ETH) from custody to hot wallets linked to the Gemini crypto exchange on July 1. Arkham characterized the transfers as consistent with the twins’ previous selloff behavior, although the firm did not confirm that the assets had already been sold.
THE WINKLEVOSS TWINS ARE SELLING BITCOIN
The Winklevoss Twins just moved $60M of BTC to Gemini, and $7M of ETH. This activity pattern matches usual selling patterns (custody > hot wallet).
The Winklevosses still hold over $300M of BTC. They made ~$1.7 Billion from Bitcoin since… pic.twitter.com/OXtxB2QBqO
— Arkham (@arkham) July 1, 2026 The latest transfers come as Bitcoin and Ethereum continue trading under pressure following quarter-end selling and persistent weakness in investor sentiment. Recent price declines have also coincided with reduced expectations that the CLARITY Act will pass this year after U.S. President Donald Trump disclosed a $1.4 billion crypto-related windfall, a development some market participants have linked to shifting legislative expectations.
Since accumulating Bitcoin in 2015, the Winklevoss twins have realized about $1.7 billion in profit, according to Arkham Intelligence. Despite the latest transfers, they still control more than $300 million worth of Bitcoin. The July movement also follows earlier transfers to Gemini, including about $67.5 million in Bitcoin during June and another $130 million moved in March.
Bitcoin continues to face selling pressure Citigroup has turned more cautious on the two largest cryptocurrencies, lowering its 12-month Bitcoin price target to $82,000 from $112,000 while reducing its Ethereum forecast to $2,240 from $3,175.
Bitcoin fell as low as $57,747 over the past 24 hours before recovering to trade near $58,600. Trading volume rose about 9% during the same period, while June recorded roughly $4.5 billion in net outflows from U.S. spot Bitcoin exchange-traded funds, adding to the pressure on market sentiment.
Commenting on current market conditions, crypto analyst Ted Pillows wrote, “Sellers are still dominating, while Coinbase Bitcoin Premium is at its lowest level this cycle.” He added that losing the $57,000-$58,000 support region could expose Bitcoin to a deeper decline toward the $50,000 level.
Ethereum buyers continue accumulating despite weakness Ethereum has also remained under pressure even as several companies continue adding the asset to their corporate treasuries. As previously reported by crypto.news, quarter-end selling, whale distribution, and weak institutional flows have kept Ether pinned near the $1,500 support area despite ongoing buying from public companies.
Corporate accumulation has nevertheless continued. SharpLink recently disclosed the purchase of another 10,000 ETH at an average price of $1,611, spending about $16.1 million to expand its treasury.
Separately, Bitmine acquired 27,084 ETH over the past week, increasing its holdings to more than 5.7 million ETH. According to crypto.news, those purchases have so far failed to offset continued selling by whales and institutional investors.
Ether was trading around $1,572 at the time of writing, down about 1% over the past 24 hours after moving between an intraday low of $1,549 and a high of $1,600. Trading volume also declined during the session.
Crypto.news reported earlier today that the $1,500-$1,510 region remains Ethereum’s most important support zone. A break below that level would invalidate the current consolidation structure and could open the door to declines toward $1,400 before attention turns to the $1,200 area identified by several market participants.
The digital asset market is attracting new attention following the publication of a US financial disclosure linked to Donald Trump’s interests. The document reveals the scale of revenues from crypto, with a significant focus on cryptocurrencies, token sales, and blockchain-related projects. Among the declared assets are Bitcoin and Ethereum, two major sector references. This publication comes as the links between politics, regulation, and the crypto industry are gaining increasing importance in the United States.
In brief TRUMP declares a crypto portfolio exceeding $1.1 billion, notably composed of Bitcoin, Ethereum, tokens and memecoins. Digital assets represent a major source of income, with hundreds of millions of dollars generated by his crypto-related activities. World Liberty Financial plays a central role in his crypto ecosystem, thanks to token sales associated with the platform. The memecoin $TRUMP constitutes one of the main declared revenues, illustrating the growing importance of community tokens in the crypto market. This disclosure rekindles the debate on regulation and transparency, as the links between politics and the cryptocurrency industry attract more attention. The latest financial disclosure filed with the United States Office of Government Ethics provides a detailed overview of TRUMP’s economic interests in the digital asset sector. The document highlights several sources of income related to cryptocurrencies, decentralized platforms, and projects based on blockchain technology.
Here are the main figures from the disclosure that show the financial importance of these activities:
1.4 billion dollars: total declared income by TRUMP for fiscal year 2025. More than 100 million dollars: value of assets declared in Bitcoin and Ethereum. More than 500 million dollars: income generated by World Liberty Financial, the crypto company co-founded by TRUMP with his sons, thanks to token sales. Approximately 635 million dollars: income from the sale of the memecoin $TRUMP. More than 80 million dollars: income from settlements with media companies. 2.3 billion dollars: estimated profits generated by the TRUMP family crypto companies from investors since his return to the presidency, according to earlier Reuters estimates. These amounts show that digital activities now represent a significant element in the overall economic interests declared by TRUMP. His exposure covers multiple market sectors, ranging from major cryptocurrencies to decentralized finance projects and community tokens.
World Liberty Financial holds a special place in this ecosystem. This decentralized finance platform, developed with support from TRUMP family members who hold about 38% of its shares and business partners, fits into a trend aiming to offer new financial services based on blockchain. The activities related to this platform’s tokens are among the main crypto revenue sources mentioned in the disclosure.
The disclosure also presents other income sources from activities outside the digital sector. Agreements with media companies thus complement the various financial sources recorded in the official document.
Bitcoin and Ethereum Strengthen Trump’s Exposure to Digital Assets The presence of Bitcoin in the financial disclosure highlights the role of major cryptocurrencies in TRUMP’s digital portfolio. Alongside Ethereum, these assets represent a significant part of his direct exposure to the crypto market. Their inclusion shows that major digital currencies now occupy a place in the financial strategies of some public figures.
Bitcoin remains one of the most followed assets in the crypto ecosystem thanks to its historic role in the sector’s development. Ethereum keeps a major position due to its use in smart contracts and decentralized applications. These two networks are references for many investors and market companies.
The inclusion of these assets in a presidential disclosure also draws attention to the evolving relationship between the traditional economy and digital finance. Cryptocurrencies are no longer only associated with specialized investors but have become a topic followed by institutions and public officials.
This situation occurs in a context marked by institutional changes in the United States. The publication of the financial disclosure came shortly after a decision by the US Supreme Court concerning the Trump v. Slaughter case and presidential authority over certain independent federal agencies.
The ruling, adopted 6 to 3, overturned the 91-year-old Humphrey’s Executor precedent, which protected these agencies from the White House. According to legal analysts, this concerns the SEC and the CFTC, the main crypto regulators.
This timing heightened questions about Trump’s dual role as both a political decision-maker and a crypto investor. This development could influence how organizations overseeing different economic sectors operate.
Crypto Activities Fuel the Regulation Debate Trump’s digital activities continue to attract attention as the United States seeks to define its approach regarding the crypto industry. Revenues from tokens, memecoins, and digital investments now place virtual assets at the center of economic and political discussions.
In this context, the World Liberty Financial case raises particular concerns. In May 2025, Abu Dhabi’s sovereign wealth fund, MGX, made a $2 billion investment through the company’s USD1 stablecoin, via the Binance platform.
This financial arrangement allegedly allowed funds from a foreign government to be routed through a token that the president’s family helps control. Several Democratic senators have called for hearings on this initiative, citing risks related to foreign influence and governance of such transactions.
The White House has denied any agreement that could have influenced the company, while some lawmakers advocate banning federal officials from participating in such crypto operations.
This situation also reignites debates around financial transparency and potential conflicts of interest. The rapid growth of the crypto sector compels institutions to consider new rules adapted to economic models related to digital assets.
Companies associated with the TRUMP family have experienced significant development in this environment. Previous estimates regarding their financial performance from investors bolster interest in upcoming political and regulatory decisions.
Thus, this financial disclosure marks a new stage in the visibility of cryptocurrencies within economic and political spheres. It shows how digital assets, from Bitcoin and Ethereum to memecoins and decentralized finance, now hold an important place in new financial models. The sector’s future evolution will mainly depend on institutional decisions, actor transparency, and authorities’ capacity to govern digital innovation while maintaining an adapted regulatory framework.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
REAL launches a confidential execution layer using ZKsync's Prividium tech, letting banks and funds manage tokenized assets onchain with privacy controls and Ethereum settlement.
REAL, a blockchain infrastructure provider focused on tokenized real-world assets, has rolled out a confidential execution layer aimed at regulated financial firms that want to operate onchain without broadcasting every move.
The new layer runs parallel to REAL's public Layer 1 network and uses ZKsync's Prividium technology, which gives banks, asset managers, and funds privacy controls over positions, allocations, and counterparty data. Settlement still happens on Ethereum, so institutions retain access to public liquidity even while keeping sensitive activity off the open network.
For years, regulated firms have faced a structural tradeoff. Public blockchains offer global reach, near-instant settlement, and composability, but they also expose treasury strategies, portfolio positions, and trading relationships to anyone watching the chain. That visibility has kept many of the largest potential participants out of the tokenized real-world asset market, even as issuance volumes climbed.
REAL is positioning the confidential layer as a direct response to that gap. The architecture lets firms keep privacy and public settlement together, with the confidential chain handling sensitive activity while the public chain provides access to onchain liquidity.
"Institutions shouldn't have to choose between public liquidity and operational privacy. We're building infrastructure that delivers both," said Ivo Georgiev, CEO of Real Finance.
The company's view is that issuance volumes alone will not define the next phase of tokenization. What matters is whether institutions can run their daily operations on these systems.
The new layer is designed around workflows where confidentiality is a baseline requirement: wealth and asset management mandates, balance sheet operations, tokenized deposit structures, and selective disclosure to auditors, compliance officers, and regulators when a review calls for it. Firms still get blockchain-native settlement and distribution, but their portfolio activity does not sit in plain view.
The release extends REAL's broader pitch around the lifecycle of tokenized real-world assets, which spans issuance, risk assessment, insurance, trading, and institutional execution under one compliance-aware architecture. The company has been building toward an environment where regulated capital can move onchain without forcing operators to rebuild reporting and oversight processes from scratch.
"This is about giving institutions a practical path into onchain finance," Georgiev added. "Real-world assets onchain require infrastructure that reflects how regulated finance actually operates. That's what we're building."
Tokenized real-world assets have drawn growing interest from major banks, asset managers, and other regulated firms over the past two years. The pitch is straightforward: blockchains can move money and assets faster and at lower cost than legacy rails. The friction has come from infrastructure that does not match how institutional desks actually operate, especially around confidentiality of positions and counterparties.
REAL is built on Cosmos Tendermint and uses a dual-validator model that includes both technical validators and business validators such as tokenizers, risk scorers, insurers, and credit agencies. Prividium, the underlying privacy infrastructure for the new layer, is ZKsync's product for regulated entities seeking configurable confidentiality and Ethereum settlement.
The company is headquartered in Sofia, Bulgaria.
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Winklevoss Twins are moving Bitcoin (BTC) and Ethereum (ETH) to Gemini crypto exchange, blockchain analytics firm Arkham Intelligence flagged the transfers as selloffs by Cameron and Tyler Winklevoss. Meanwhile, BTC and ETH prices continue to remain under pressure.
Winklevoss Twins Are Dumping Bitcoin and Ethereum to Gemini Arkham Intelligence reported on July 1 that the Winklevoss Twins transferred $60 million in Bitcoin (BTC) to hot wallets associated with their Gemini crypto exchange. The blockchain analytics firm claimed that the move signals usual selling patterns.
The Winklevoss Twins have made about $1.7 billion in total Bitcoin profit since 2015. They still hold over $300 million in BTC.
In addition, they moved $7 million in Ethereum (ETH) to Gemini hot wallets from custody. These transfers come amid recent weakness in the broader crypto market. Also, it coincided with a significant drop in odds of the Clarity Act passing this year after President Trump disclosed $1.4 billion in crypto windfall.
Cameron and Tyler Winklevoss last transferred Bitcoin worth $67.5 million to hot wallets associated with their Gemini crypto exchange in June. They also transferred $130 million in March this year.
Winklevoss Twins Move Bitcoin and Ethereum to Gemini. Source: Arkham BTC and ETH Prices to Fall Deeper? Citigroup further lowered its 12-month price forecasts for Bitcoin and Ethereum. Citigroup cut Bitcoin price target from $112,000 to $82,000 and Ethereum price target from $3,175 to $2,240.
Bitcoin price tanked to a low of $57,747 over the past 24 hours and is currently trading near $58,600. Furthermore, trading volume has increased by 9% over the last 24 hours, but $4.5 billion in net outflows from Bitcoin ETFs in June kept investors at bay.
Analyst Ted Pillows said “Sellers are still dominating, while Coinbase Bitcoin Premium is at its lowest level this cycle.” If Bitcoin loses the $57,000-$58,000 zone, the price could drop deeper towards $50K.
Bitcoin Price in Daily Timeframe. Source: Ted Pillows Meanwhile, Ethereum price is trading 1% lower at $1,572. The intraday low and high are 1,549 and 1,600, respectively, with a further drop in trading volume over the past 24 hours.
Analyst Cheds Trading pointed out that Ethereum has made its lowest monthly close since 2023. Also, the monthly chart has formed Red Marubozu pattern, indicating bearish continuation.
Ethereum Monthly Price Chart. Source: Cheds Trading If you’re looking to buy the dip in the crypto market across both centralized and decentralized lending models, check out our Best Crypto Loan Platforms of 2026 recommendations list.
Crédit Agricole, Europe's third-largest bank by assets, has launched the EURO eXchange Token (EURXT), a euro-backed stablecoin issued through its asset servicing arm, Crédit Agricole Caisse d'Epargne Investor Services (CACEIS).
CACEIS announced the launch on Wednesday, alongside the first subscription using EURXT into a tokenized Amundi Money Market Fund.
Issued on the Ethereum blockchain, EURXT is an electronic money token (EMT) pegged 1:1 to the euro. It is initially targeted at institutional investors and corporate clients as part of Crédit Agricole’s plan to accelerate its push into tokenized finance.
The launch adds to growing competition among traditional financial institutions exploring stablecoins and tokenization, as major banks move to bring blockchain-based settlement into mainstream financial markets. HSBC and BNP Paribas, Europe's top two banks by assets according to S&P Global, last September joined the Canton Foundation to accelerate tokenization of institutional real-world assets.
Reserves and supply structureAccording to the project’s white paper, there is no hard cap on EURXT issuance, meaning the supply can expand based on demand through its smart contract system.
“As of the date of the white paper, there is no limit on the issuance of EURXT. The number of EURXT in circulation will depend on market demand,” the white paper reads.
Source: Stable-xt.io
According to data from the project’s website, there are 20.02 million EURXT tokens in circulation at launch, matched by roughly 20.02 million euros in reserves held by CACEIS Bank.
CACEIS secured MiCA license in FranceThe EURXT stablecoin launches in compliance with Markets in Crypto-Assets (MiCA), the European Union’s crypto regulatory framework targeting crypto exchanges and issuers of digital assets.
The launch comes a year after CACEIS secured a MiCA crypto-asset service provider (CASP) license from French regulators in June 2025.
Source: Stable-xt.io
Cointelegraph was unable to locate the EMT approval on the register by the European Securities and Markets Authority, shown as last updated on June 26. A spokesperson for CACEIS told Cointelegraph that the French banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), has authorized CACEIS Bank to issue EURXT, and that the ESMA register has not yet been updated to reflect the authorization.
The launch of EURXT adds to a wave of fresh stablecoin launches both in Europe and globally as traditional finance and crypto-native companies compete to issue regulated digital dollars and euros.
In Europe, AllUnity has been expanding its MiCA-compliant stablecoin stack, while Quantoz Payments continues rolling out euro-denominated stablecoins.
In the US, more than 140 companies, including Visa, Mastercard, Coinbase and Ripple, have joined the Open USD (OUSD) stablecoin project, which lets participants mint the dollar-pegged token at no cost and keep all earnings from its reserves.
Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.
Altcoins such as Ethereum (ETH) and Ripple (XRP) are tracking Bitcoin’s downward momentum, with ETH confined to the $1,500–$1,600 range and XRP testing critical support at the $1.00 level.
Crypto sentiment remains fragile as capital outflows persistSentiment in the broader crypto market remains significantly subdued, as reflected in the Fear & Greed Index, which holds in Extreme Fear territory at 11 on Wednesday, down from 15 the previous day. Persistently weak risk appetite dampens demand for risk assets and constrains price movement across the market.
Crypto Fear & Greed Index | Source: AlternativeOutflows from US-listed Bitcoin spot Exchange-Traded Funds (ETFs) underscore waning institutional interest, with $223 million withdrawn on Tuesday alone. This marks the ninth consecutive day of net redemptions, reinforcing the ongoing bearish narrative.
Despite the outflows, cumulative inflows remain positive at $51.15 billion, while net assets under management average $70.95 billion.
Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs present a similar grim picture to BTC, with outflows totaling $28 million on Tuesday, down slightly from $30 million on Monday. According to SoSoValue, ETH ETF outflows have persisted for the ninth consecutive day, reflecting ongoing market caution.
Despite the current market headwinds, cumulative inflows hold steady at $10.85 billion, with total assets under management at $8.33 billion, signaling that conviction among long-term investors remains resilient.
Ethereum ETF flows | Source: SoSoValueInterest in XRP spot ETFs took a downturn, with nearly $3 million in outflows on Tuesday, after logging two consecutive days of notable inflows totaling $16 million on Friday and $15 million on Monday.
Cumulative inflows hold steady at $1.48 billion while net assets under management average $944 million, according to SoSoValue data. Appetite for XRP investment products has remained relatively steady despite the headwinds experienced in recent weeks.
XRP ETF flows | Source: SoSoValuePrice analysis: Bitcoin extends losses amid technical weaknessBitcoin trades at above $58,000, keeping a clear bearish bias as price sits well below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs).
The Moving Average Convergence Divergence (MACD) histogram remains slightly negative while both lines hover below the zero line on the daily chart, and the Relative Strength Index (RSI) holds near 30, which together suggests persistent but somewhat fatigued downside momentum rather than an imminent bullish reversal.
BTC/USDT daily chartOn the topside, initial resistance emerges at the 50-day EMA near $66,333, with further barriers at the 100-day EMA around $70,124 and the broken descending trendline region close to $75,348, before the broader bearish cap from the 200-day EMA at about $76,174. This is the first time Bitcoin has traded around the $58,000 psychological support since September 2024, underscoring the broader bearish outlook. Other key areas of interest for traders include $56,000 and $52,000, where investors may reengage to increase exposure.
Altcoins technical outlook: Ethereum and XRPEthereum trades at $1,575 maintaining a bearish near‑term bias as the spot price holds well below the key moving averages. The 50‑day EMA at roughly $1,814 sits as the nearest dynamic cap, with the 100‑day EMA around $1,994 and the 200‑day EMA near $2,286 reinforcing a broader downtrend structure.
The MACD histogram has inched into positive territory on the daily chart, hinting at a modest attempt to stabilize, but the RSI hovering in the mid‑30s suggests that rebounds are still occurring within a weak, corrective context rather than a sustained trend reversal.
ETH/USDT daily chartOn the topside, immediate resistance lies at the 50‑day EMA around $1,815. A daily close above this zone would be required to ease the current downside pressure and open the way toward the descending trendline resistance near $1,946. Beyond these barriers, the 100‑day EMA at about $1,994 and the 200‑day EMA close to $2,286 form successive hurdles that would need to be reclaimed to shift the medium‑term outlook back toward a constructive bias. Looking down, trading below the narrow range support at $1,500 could reinforce an extended bearish trend.
XRP trades at $1.04, keeping a bearish near-term tone as it sits well below the 50-day, 100-day and 200-day EMAs clustered from roughly $1.19 to $1.52. The long-standing descending resistance trendline, with a break price around $1.23, continues to cap the broader structure, while the RSI hovering near 33 on the daily chart hints at lingering weak momentum rather than a decisive oversold rebound.
The MACD histogram holds just below zero with a marginally negative reading, suggesting downside pressure is fading but not yet reversed.
XRP/USDT daily chartOn the topside, initial resistance lies at the 50-day EMA near $1.19, with the trendline break area around $1.23 acting as the next barrier if buyers attempt a recovery. Above that, the 100-day EMA around $1.30 forms a more substantial cap, ahead of the 200-day EMA near $1.52, which defines the upper boundary of the broader bearish regime. Conversely, price action below the current area at $1.04 will be driven by whether sellers can extend the current slide or if oversold conditions entice a corrective bounce back toward those overhead EMAs. The next psychological support lies at $1.00.
(The technical analysis of this story was written with the help of an AI tool.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
AAVE added 1,806 fresh wallet addresses in a single day on Ethereum, a level not seen since October 2021. The number came from an on-chain update from Santiment, and it lands at a moment when the token had already surged 23% in a week. But the network growth number cuts through the noise of a quick price spike. It points to something less fleeting: a material expansion in the number of market participants interacting with the protocol.
Network growth measures the count of new wallet addresses making their first on-chain move. When that metric jumps to a nearly five-year high, the market tends to pay attention. It’s not the same as a social volume spike or a one-day trade flow anomaly. New wallets can signal the early stage of onboarding—the phase that often precedes deposit growth, borrowing demand, and the kind of sticky on-chain activity that DeFi protocols need to build sustainable revenue.
Why a five-year high in network growth matters Aave’s Ethereum deployment has been the backbone of its lending market for years. Seeing 1,806 new wallets show up in a single 24-hour window suggests the recent DeFi revival is pulling in participants who were not previously active in the protocol. That matters because fresh wallets tend to test the waters with small deposits first, and if conditions remain favorable, some of them stay. The last time AAVE saw this pace of daily wallet creation, the DeFi market was approaching its previous cycle peak in late 2021.
The broader DeFi ecosystem has been regaining momentum, but not every protocol is recording the same on-chain expansion. Aave’s specific catalysts—Standard Chartered’s long‑term price outlook, the Ethereum rollout of Aave V4, governance conversations around market caps, and a growing revenue narrative tied to Smart Value Recapture—have created a distinct convergence of narratives. That combination is turning attention toward the protocol from both retail and institutional corners.
What the catalyst mix means for the second half Standard Chartered’s analysis added an institutional-weight endorsement to the AAVE story, while V4’s deployment on Ethereum brings technical upgrades that lower costs and improve capital efficiency. Governance activity around market caps suggests the DAO is actively calibrating risk parameters, which tends to attract serious depositors. And Smart Value Recapture—a mechanism that redirects value from external liquidators to the protocol itself—is a revenue-centered narrative that DeFi investors have been tracking closely this year.
Ethereum, where Aave primarily operates, continues to see robust developer engagement, as a Top 10 Blockchains by Developer Activity This Week report highlights. That active builder base provides a stable environment for DeFi protocols that rely on frequent contract interactions and composability. If Ethereum’s developer network stays strong, Aave’s upgrades and governance decisions reach a broader user base faster.
Still, a spike in new wallet creation does not guarantee a sustained recovery. Past periods of rapid network growth have sometimes coincided with airdrop speculation or short-lived governance farming. The key question for July and the rest of Q3 is whether these new wallets turn into active depositors and borrowers. If they do, the protocol’s total value locked and revenue metrics will reflect it. If they don’t, the spike may mark a local top in on‑chain engagement rather than the start of a durable second‑half recovery.
Market watchers will be tracking Aave’s upcoming governance proposals and on‑chain revenue figures closely. The network growth print gives the bulls something to work with, but the real test lies in whether fresh interest converts into on‑chain capital that stays.
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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Peersyst, a blockchain development startup, has announced an upcoming upgrade to the XRP Ledger EVM sidechain.
The XRPL EVM is a sidechain for the XRP Ledger that adds Ethereum-compatible smart contracts. In a recent X post, Peersyst released information about the upcoming XRPL EVM v11, stating that this next upgrade would focus on strengthening the network with increased economic security, safer cross-chain connectivity, enhanced validator management, and additional stack hardening. Peersyst teased a proposal for Testnet as soon as this week, with Mainnet to follow.
📣 XRPL EVM v11 is coming!
Our next upgrade is focused on strengthening the network with improved economic security, safer cross-chain connectivity, enhanced validator management, and additional hardening across the stack.
We will make a proposal for Testnet as soon as this… https://t.co/kI9FL5GpKK
HOT Stories
— Peersyst Technology (@Peersyst) July 1, 2026 The XRPL EVM sidechain went live on Mainnet in June 2025, with the network continually adding new improvements.
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As a key part of its multichain expansion, Ripple USD (RLUSD) stablecoin arrived on the XRPL EVM sidechain in June.
Upcoming changesWhile many network upgrades focus on introducing new features, Peersyst noted that the XRPL EVM v11 is focused on something equally important: making the network safer, more resilient, and easier to operate.
This release introduces a series of improvements across validator management, cross-chain infrastructure, and internal security processes.
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The majority of these changes take place behind the scenes, with little impact on developers or end users, yet they all contribute to the network's long-term security and resilience.
The v11 upgrade is a security-first release for the XRPL EVM sidechain that prioritizes economic security, reduces the attack surface, and hardens the validator and IBC (Inter-Blockchain Communication) layers.
XRPL EVM uses a Proof-of-Authority consensus model, where validator set changes are gated by a designated authority rather than open staking. v11 makes two changes: the standard validator-creation path is now blocked after launch, so no one can join the validator set outside the authority. Validators can now remove themselves voluntarily, instead of relying on the authority to remove them.
The XRPL EVM runs a recurring, AI-assisted security audit, and v11 is the first release to benefit from it end to end.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
CACEIS Brings Institutional Euro Stablecoin to EthereumCrédit Agricole, Europe's third-largest bank by assets, has launched the EURO eXchange Token (EURXT), a euro-backed stablecoin issued through its asset-servicing arm, Crédit Agricole Caisse d'Epargne Investor Services (CACEIS). The token is designed for institutional and corporate clients as part of the group's broader push into tokenized financial infrastructure.
Compliant with the EU's Markets in Crypto-Assets (MiCA) regulatory guidelines, EURXT launched with an initial circulating supply of 20.02 million tokens on Ethereum using the ERC-20 standard, backed 1:1 by euro-denominated cash held on CACEIS Bank's balance sheet. According to the project's white paper, there is no hard cap on EURXT issuance, meaning the supply can expand based on demand through its smart contract system.
One notable feature is that this is a bank-issued EMT, where the CACEIS balance sheet backs the token, with plans to segregate reserves internally, including CACEIS cash and up to 70% in highly liquid securities. The minimum subscription amount is set at €10,000, keeping the product firmly within institutional territory for now. The token will initially be made available to institutional and corporate clients of CACEIS, though the project's website indicates plans to support retail investors in the future.
First Use Case and Broader Market ContextAlongside the EURXT launch, Crédit Agricole announced the first subscription via EURXT into a tokenised Amundi money market fund, described as a European first. The token forms part of the group's ACT 2028 strategy, which includes the development of blockchain-based settlement and asset servicing tools.
The launch comes a year after CACEIS secured a MiCA crypto-asset service provider (CASP) license from French regulators in June 2025. The launch of EURXT adds to a wave of fresh stablecoin launches both in Europe and globally as traditional finance and crypto-native companies compete to issue regulated digital euros and dollars. HSBC and BNP Paribas, Europe's top two banks by assets, last September joined the Canton Foundation to accelerate tokenization of institutional real-world assets, while a separate consortium of major European lenders including ING, UniCredit, and BNP Paribas is also preparing a competing MiCA-compliant euro stablecoin under the Qivalis venture.
For Crédit Agricole, the EURXT debut represents a concrete step beyond regulatory preparation. With a fully operational EMT on a public blockchain, the bank is positioning CACEIS as a gateway for institutional capital flows into tokenized markets under Europe's mature MiCA framework.
Sources
Cointelegraph: Crédit Agricole Launches EURXT Stablecoin On Ethereum
Ledger Insights: Crédit Agricole launches euro stablecoin via CACEIS
CACEIS Official Announcement
EthInstitutional, a new initiative aimed at enabling large institutional investments in Ethereum, has been launched. This development, supported by notable entities including BitMNR and Joseph Lubin of Ethereum, is expected to facilitate broader institutional access to the Ethereum ecosystem. The announcement by @Sharplink highlights the collaboration’s potential to influence Ethereum’s market dynamics positively. Institutions like BlackRock, Fidelity Investments, and Grayscale Investments are among those closely watched for their potential involvement.
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Key Takeaways The launch of EthInstitutional suggests an increased focus on attracting institutional investors to Ethereum, which may indicate broader market interest. Current market pricing for Ethereum reaching a new all-time high by September 30, 2026, shows slight support for a YES outcome, moving from 1% to 1.9% YES in the last 24 hours. The impact on Ethereum’s market perception is consistent with potential for increased institutional activity, potentially influencing the asset’s price trajectory. What to Watch Observers should monitor announcements from key institutional investors such as BlackRock and Fidelity for indications of increased participation in Ethereum. Additionally, any statements or developments from the Ethereum Foundation regarding network upgrades could further influence market sentiment. Watch for potential regulatory developments, particularly from the SEC, which could impact institutional investment flows into Ethereum.
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Term Structure
Contract Odds Δ since publish Volume 24h September 30, 2026 1.9% — — View market → December 31, 2026 6% — — View market →
Citi slashes 12-month bitcoin, ether targets as ETF flows dry up. (Pixabay)Summary
Citi cut its BTC target to $82,000 from $112,000 and ETH target to $2,240 from $3,175. The bank now expects zero net ETF inflows over the next 12 months, versus previous forecasts for fresh demand. Stalled U.S. legislation, weak market sentiment and concerns over digital asset treasury selling have outweighed supportive macro conditions.Wall Street bank Citi cut its 12-month price targets for bitcoin BTC$59,720.20 and ether (ETH), citing a collapse in exchange-traded fund (ETF) demand and diminishing prospects for U.S. crypto legislation to revive investor interest.
The bank lowered its base-case forecast for bitcoin to $82,000 from $112,000 and cut its ether target to $2,240 from $3,175. It now assumes no net ETF inflows over the next year, abandoning an earlier expectation that regulatory progress would drive fresh institutional allocations.
Bitcoin was trading around $58,400 at publication time, ether at $1,570.
"The absence of a catalyst for increased investor interest means we reduce our base-case flow expectations to zero over the next 12m," wrote analyst Alex Saunders in a Tuesday report.
U.S. spot bitcoin exchange-traded fund demand has weakened sharply in recent months, removing what has been the crypto market's biggest source of institutional buying since the funds launched in 2024. The ETFs recorded a record $4 billion in net outflows in June, the largest monthly withdrawal on record, after a 13-day redemption streak pushed year-to-date flows into negative territory for the first time.
The downgrade marks a sharp reversal from Citi's previous outlook, which assumed passage of U.S. digital asset market structure legislation would spur adoption among financial advisors and traditional investors. The bank now believes that timeline has slipped, leaving the market without a meaningful catalyst.
Saunders said ETF flows continue to be the main force behind crypto prices, with recent demand turning negative as investors pulled back from risk.
According to the bank's analyst, sentiment has also been hurt by concerns that digital asset treasury (DAT) companies could become net sellers of bitcoin. Recent corporate actions by Strategy amplified those fears despite involving relatively modest BTC sales.
The report noted that bitcoin and ether both remain below key technical levels, including their 200-day moving averages, while speculative capital has shifted toward AI-related investments.
The bank's revised forecasts assume flat ETF flows in its base case. In its bull case, stronger retail and institutional adoption lifts bitcoin to $108,000 and ether to $2,932. Its bear case, based on recessionary macro conditions and continued ETF outflows, sees BTC falling to $53,000 and ETH to $1,094.
While the bank's equity strategists have become more constructive on U.S. stocks, providing some support through crypto's equity correlation, the report said that positive macro factors are insufficient to offset weakening flows.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
A new independent nonprofit, Ethereum Institutional, has launched to accelerate institutional adoption of Ethereum, providing banks, asset managers and other enterprises with a neutral point of contact as they evaluate the blockchain for tokenization, stablecoins and other financial applications.The launch comes as the Ethereum Foundation narrows its focus to stewarding the core protocol, with independent organizations like EthLabs emerging to take on ecosystem functions such as research & development.A new independent non-profit, Ethereum Institutional, has launched with the goal of accelerating institutional adoption of Ethereum, its layer-2 networks and the broader ecosystem.
The organization is led by David Walsh, Marius Smith and Matthew Dawson. Walsh previously led the Ethereum Foundation's enterprise efforts, while the organization said its leadership brings experience spanning institutional engagement, capital markets and Ethereum ecosystem development. It said its mission is to provide institutions with a neutral, independent point of contact as they evaluate Ethereum for tokenization, stablecoins and other onchain financial infrastructure.
In announcing the initiative on X, Ethereum Institutional said institutions need "a credible, independent front door" to the Ethereum ecosystem. While Ethereum's neutrality is one of its defining strengths, the group argued, that neutrality has often left enterprises without a clear organization to engage as they make long-term infrastructure decisions.
The launch comes as the Ethereum Foundation continues to narrow its role to stewarding the core protocol, with ecosystem participants increasingly spinning up independent organizations focused on specific areas such as business development, institutional outreach and developer support. The shift follows broader changes at the foundation, including leadership restructuring and longstanding community calls for greater transparency.
Ethereum Institutional is also the latest addition to a growing network of Ethereum-focused organizations. It follows the launch of EthLabs, another initiative aimed at strengthening Ethereum's ecosystem, as the network seeks to capitalize on growing institutional interest in tokenization, stablecoins and blockchain-based financial markets.
The non-profit said its work will focus on institutional engagement, market intelligence, ecosystem marketing, industry research and events. It launched with backing from BitMine, Nasdaq-listed SharpLink Gaming and Ethereum co-founder Joseph Lubin, with additional institutional and individual supporters expected to be announced in the coming weeks.
"The world's largest institutions are deciding where tokenization, stablecoins, and onchain markets will settle," the organization said. "We're ready to make Ethereum the base layer for institutional finance."
Read more: Ether’s biggest corporate holders back new Ethereum research hub
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Bitmine, Sharplink and Joe Lubin fund a new dedicated go-to-market organization built by Ethereum Foundation alumni
NEW YORK, July 1, 2026 /PRNewswire/ — Ethereum Institutional, an independent non-profit organization, today announced its public launch as the dedicated institutional front door for the Ethereum ecosystem. The organization consolidates a year of institutional engagement work led by the Ethereum Foundation’s go-to-market team, housing it in an independent organization with a sharper mission, broader geographic footprint and long-term funding. Bitmine Immersion Technologies, Inc. (NYSE: BMNR), Sharplink, Inc. (NASDAQ: SBET) and Ethereum co-founder Joe Lubin are anchoring the funding, along with dozens of individual and institutional contributors.
Ethereum Institutional exists so as the world’s largest financial institutions make their foundational, long-lived platform decisions about tokenization, stablecoins and onchain market infrastructure, they engage Ethereum through a credible, neutral counterpart. Ethereum does not force a single rigid configuration, but lets institutions choose the approach that fits each use case, while deriving security from the world’s most robust and reliable digital asset settlement layer.
This launch represents the second major independent steward organization for Ethereum’s ecosystem unveiled in the last week, following the announcement of Ethlabs, a research and development lab also founded by former Ethereum Foundation leaders. Together, Ethlabs and Ethereum Institutional form complementary pillars of Ethereum’s next chapter: one advancing protocol-layer innovation and core infrastructure, the other ensuring institutions have a credible, dedicated counterpart to guide them from evaluation through deployment at scale. Ethereum Institutional brings ecosystem experience and unbiased expertise to the world’s largest financial institutions.
The institutional adoption moment is now. Ethereum currently hosts roughly $180 billion of stablecoins on mainnet, approximately 60% of total stablecoin supply and roughly two-thirds of all tokenized real-world assets. Leading financial institutions across asset management, banking, payments, custody and market infrastructure are actively building on the network. Meanwhile, competing ecosystems have made institutional adoption their explicit commercial priority, each running well-funded business development organizations with dedicated mandates to land institutional deployments.
The platform decisions institutions are making in the next 12-24 months will set the topology of onchain finance for decades. Coordinated, credible representation now unifies the conversation, and supports expanding Ethereum’s robust network, which benefits its existing and future users.
Ethereum Institutional launches with a proven track record and existing momentum: the team has built over 500 institutional relationships covering the global universe of Tier-1 banks, top-tier asset managers, sovereign institutions, custodians and market infrastructure providers. The team has established a thought leader gathering through the Institutional Ethereum Forum, which brought together more than 150 senior executives and Heads of Digital Assets from institutions representing roughly $250 trillion in combined assets under management.
Ethereum Institutional will operate along five focus areas from day one: Institutional Education and Engagement, Institutional Intelligence, ETH and Ecosystem Marketing, Standards and Best Practices and Institutional Events. Geographic coverage will expand from New York, London, Hong Kong, and Singapore into additional primary financial centers including Zurich, Frankfurt, Tokyo and Abu Dhabi, with dedicated institutional leads embedded in each region operating under a shared credibly neutral mandate.
Thomas “Tom” Lee, Chairman of Bitmine. “Financial institutions are making infrastructure decisions today that will shape capital markets for decades, and Ethereum is increasingly at the center of those conversations. Ethereum Institutional arrives at exactly the right moment, creating a trusted, independent home where institutions can engage with the ecosystem, develop standards and accelerate adoption. It’s an important step toward making Ethereum the backbone of the next generation of global financial infrastructure.”
Joseph Chalom, Chief Executive Officer of Sharplink. “I spent two decades helping the world’s largest institutions adopt new technology, and I have rarely seen the conditions align the way they have for Ethereum. These institutions are moving from interest to action across tokenization, stablecoins and a new financial market infrastructure. Ethereum Institutional was built to meet them at exactly this moment.”
Joe Lubin, Ethereum co-founder and Chief Executive Officer of Consensys. “Ethereum has become the premier infrastructure for decentralized, verifiable, programmable trust. For more than a decade, the researchers, developers and ecosystem have focused on doing the hard work without cutting corners: making the network more scalable, more affordable, more usable, and protecting credible neutrality and censorship resistance via progressive rigorous decentralization. This is why it has been the first and prevailing choice for the majority of stablecoin activity, tokenized assets, DeFi and other onchain financial infrastructure. Traditional finance is already onboarding itself to Ethereum’s decentralized rails. Ethereum Institutional will help accelerate this next major chapter, enabling institutions to engage at scale, promoting the openness and permissionless innovation that make the network uniquely powerful and valuable.”
Concluding, David Walsh, Executive Director of Ethereum Institutional, said, “Ethereum’s credible neutrality is one of its greatest strengths, but neutrality without representation can often be seen as silence. The Ethereum ecosystem needs a credible, independent counterpart institutions can engage with directly; someone financial leaders can call, brief their board with, and trust to come back with honest answers. Ethereum Institutional exists to be this dedicated counterpart. Our job is to translate institutional requirements into deployments that scale, and ultimately to make Ethereum the foundational layer for institutional finance.”
Lee, Chalom and Walsh will serve as the members of the Board of Directors.
About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “the alchemy of 5%,” the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America Validator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
About Sharplink
Sharplink (NASDAQ: SBET) is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at sharplink.com.
About Ethereum Institutional
Ethereum Institutional is an independent, non-profit organization dedicated to the institutional adoption of Ethereum. The organization functions as the neutral front door for institutions to enter the Ethereum ecosystem, working directly with banks, asset managers, custodians, market infrastructures, fintechs, and sovereign institutions to translate their requirements into on-chain deployments. The organization operates five focus areas: Institutional Education and Engagement, Institutional Intelligence, ETH and Ecosystem Marketing, Industry Discovery and Requirements, and Institutional Events. Learn more at ethereuminstitutional.org.
Forward-Looking Statement
This press release contains statements regarding anticipated institutional interest in Ethereum, research focus and roadmaps, governance arrangements, funding availability, and program scaling. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially, including market conditions for digital assets, regulatory changes, protocol-level developments, timing of institutional deployments, funding availability and general economic conditions. Forward-looking statements speak only as of the date of this release and are not guarantees. Ethereum Institutional and its funders undertake no obligation to update them except as required by law. This press release is for informational purposes only.
TL;DR Ethereum’s staking rate has climbed above 33% for the first time, setting a new all-time high. Around 33.06% of the total ETH supply is now locked in staking, reducing the liquid supply in circulation. A newly created wallet withdrew 9,876 ETH worth $15.4 million from Binance and staked the entire amount. Ethereum price continues to hold above the $1,550 support level, while $1,700 remains a key resistance to watch. Ethereum staking participation has reached a new milestone, with the network’s staking rate climbing above 33% for the first time since the Merge upgrade. According to CryptoQuant data, approximately 33.06% of the total ETH supply is now locked in staking, marking a new all-time high even as the Ethereum price remains near $1,500.
The latest figures highlight a growing divergence between investor behavior and market performance. While Ethereum’s price has moved through several periods of volatility, staking participation has continued to rise steadily, suggesting that many long-term holders are choosing to lock up their ETH rather than sell during the current market downturn.
Adding to the trend, blockchain analytics platform Lookonchain reported that a newly created wallet withdrew 9,876 ETH, valued at approximately $15.4 million, from Binance before staking the entire amount.
Ethereum Staking Reaches Record High as Investors Lock Up More ETH CryptoQuant’s data shows Ethereum’s staking rate has maintained a consistent upward trajectory since the network transitioned to Proof-of-Stake. The latest increase to 33.06% means that roughly one-third of the total ETH supply is now committed to staking, reducing the amount of Ether available in circulation.
ETH Staking Data | Source: CryptoQuant The continued growth in staking participation suggests that investors remain committed to Ethereum’s long-term outlook despite ongoing market uncertainty. Instead of moving assets to exchanges for potential selling, more holders are choosing to secure the network while earning staking rewards.
Although a rising staking rate does not guarantee an immediate increase in Ethereum price, it does reduce the liquid supply of ETH. If market demand strengthens in the future, a smaller circulating supply could support stronger price movements.
Ethereum Price Holds Key Support but Faces Resistance Ahead While staking continues to set new records, Ethereum price remains under pressure. At the time of the accompanying data, ETH was trading near $1,571, while the CryptoQuant chart showed the asset around the $1,500 level as staking reached its highest level on record.
Technical charts by analysts indicate that Ethereum has so far managed to hold above the $1,550 support area, even as Bitcoin fell to a new yearly low. According to the analyst’s view provided with the chart, Ethereum has displayed relative strength compared with Bitcoin during the recent market decline.
1-day ETH/USDT Chart | Source: X However, the analysis also notes that ETH is not yet out of danger. The chart identifies $1,700 as a key resistance level, indicating that Ethereum would need to reclaim that area before the risk of another move lower begins to ease.
For now, the data points to a market where long-term participation continues to strengthen despite short-term price weakness. With staking at a record high and more ETH being removed from the liquid supply, investor conviction appears to remain intact even as Ethereum price continues to trade below key resistance levels.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk.
We’re giving you a deeper look at the biggest trends, breakthroughs and debates shaping blockchain technology each week.
This week, we’re diving into the creation of EthLabs, and why it was launched during a period of transition for the Ethereum ecosystem.
EthLabs, Ethereum’s newest nonprofit research organization, has demurred at insinuations that it is attempting to replace a struggling Ethereum Foundation. Instead, its founders, former leaders of the foundation, argue it's a response to a changing Ethereum ecosystem, one where the foundation is narrowing its focus while new organizations step in to tackle broader adoption.
The timing of EthLabs' launch calls that into question.
The organization publicly unveiled itself just one day before there were major layoffs at Ethereum Foundation, and only a few days after co-executive director Hsiao-Wei Wang announced her resignation, adding to what has become a period of significant turnover at Ethereum's most influential institution. Since January, at least nine prominent members of the Ethereum Foundation have departed as the organization undergoes a broader strategic realignment.
For many observers, the departures have fueled questions about the foundation's future role and whether Ethereum's governance model is entering a new chapter. According to EthLabs executive director Ansgar Dietrichs, that transition is exactly why the organization was created.
"We looked around, didn't see anyone else stepping up," Dietrichs told CoinDesk in an interview. "After two months of that, we looked at each other and said, 'Well, if no one else is stepping up, then it has to be us.'"
Dietrichs, along with four other former Ethereum Foundation researchers and developers, some of whom left the foundation just this year to launch EthLabs, a nonprofit dedicated to advancing Ethereum's technical roadmap with a stronger emphasis on real-world adoption.
The creation comes as Dietrichs describes Ethereum as entering a fundamentally different phase of its evolution. "The decade of infrastructure build-out of Ethereum is coming to an end," he said. "Now it's much more about actual institutional adoption."
Over the past decade, Ethereum's developer community focused on building the foundational pieces of the network: from smart contracts and decentralized finance to scaling technologies and layer-2 networks. With those building blocks largely in place, Dietrichs believes the next challenge is ensuring Ethereum can support large-scale financial infrastructure.
"I don't think crypto and Ethereum will ever go back to a time like it was in the past," he said, arguing that the ecosystem has moved beyond the boom-and-bust cycles that previously defined it.
That transition has also reshaped the Ethereum Foundation itself.
Earlier this year, the foundation published a renewed mandate emphasizing Ethereum's core values: including credible neutrality, self-sovereignty and open infrastructure, while reducing its involvement in some implementation-focused initiatives. Combined with ongoing budget constraints, the shift has resulted in restructuring across the organization.
Dietrichs views those changes less as a crisis than an overdue evolution. "It's more a transition period," he said. "Ethereum is now much more intentionally, proactively reorienting itself to be ready for this new time period."
Filling in the gapsBut as the turmoil started to unveil itself at the EF, many have started to wonder whether EthLabs would replace it. Dietrichs sees that rather than competing with the foundation, EthLabs intends to complement it. "We're deliberately positioning ourselves to fill the gaps that the Ethereum Foundation now deliberately leaves," Dietrichs said. "We're not trying to create a competing vision for Ethereum."
Those gaps, he argues, center on adoption-oriented engineering work, like improving Ethereum's scalability, strengthening layer-1 performance, advancing interoperability, and identifying the technical barriers preventing broader institutional use.
"The gap we see is this more practical, adoption-oriented work, making Ethereum, practically useful for the real world," he said. EthLabs plans to continue work its founders previously led within the foundation, including layer-1 scaling research, while expanding into areas like interoperability and engagement with financial institutions exploring blockchain infrastructure.
For that, Dietrichs deliberately chose to structure the organization as a nonprofit, and its sole objective is supporting Ethereum's long-term success rather than generating commercial returns. "The only interest is we help Ethereum," Dietrichs said. "There's no other incentive we have other than we help Ethereum."
A broader vision for EthereumThe changes come as the direction of the Ethereum network is heading for a revamp. For Dietrichs, EthLabs is about more than protocol development. He believes Ethereum itself needs a clearer narrative for what comes next.
"Ten years ago everyone knew what Ethereum was trying to achieve," he said. "Today it's not so clear that there's a shared answer." He sees the coming years as defining Ethereum's role in an increasingly onchain financial system.
"I think there's a world in which Ethereum really is at the very center of the global financial system as it comes onchain," he said.
Whether EthLabs succeeds remains to be seen. As a newly formed nonprofit, it must establish its own funding base while proving it can influence Ethereum's technical direction outside the foundation.
But its emergence reflects something larger than the creation of another Ethereum organization. Many at the top of the industry are pushing for a broader redistribution of responsibility across the ecosystem, one where the foundation is becoming a steward of the protocol's core values, while independent organizations like EthLabs take on the work of driving adoption and implementation.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Standard Chartered has initiated coverage of Morpho (MORPHO) with a $60 price target for the end of 2030. The call implies close to 30x upside and extends the bank’s widening bet on decentralized finance (DeFi).
The forecast would see Morpho outperform both Bitcoin (BTC) and Ethereum (ETH) through 2030. It adds the token to a lineup that already includes Aave (AAVE).
MORPHO Price Performance. Source: BeInCryptoStandard Chartered’s Path to $60 MORPHO PriceMorpho trades near $2.05, up by over 10% on the day the report landed, according to BeInCrypto data. The token ranks 57th by market value.
Analyst Geoff Kendrick, who leads digital assets research at Standard Chartered, mapped a yearly path to the target. He sees MORPHO at $3.50 in 2026, $11 in 2027, $22 in 2028, $40 in 2029, and $60 in 2030.
The report framed the move as a 33x gain from a lower price when it published this month. From MORPHO’s current level, the target implies closer to 30x.
Standard Chartered initiates Morpho coverage with a $60 price target by the end of 2030.The projection follows a run of long-dated forecasts, including the bank’s move to cut its Ethereum target last month. Standard Chartered issued a comparable 50x Aave price forecast weeks earlier.
Why Standard Chartered Backs MorphoMorpho is the second-largest DeFi lending protocol behind Aave. Together the two control 57% of deposits and 63% of active loans across lending protocols.
Top DeFi Lending Protocols. Source: DefiLlama “Morpho is part on-chain bank, part infrastructure for on-chain banks and asset managers.”
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The bank splits Morpho into two parts:
Morpho Markets works like Aave Morpho Vaults act as infrastructure for on-chain asset managers, or curators. Standard Chartered calls the vaults business the differentiator that can pull large traditional finance (TradFi) funds on-chain.
The bank expects DeFi assets to grow 37 times by 2030, and wants Morpho to scale with that flow.
Morpho holds about $9.8 billion in deposits today. Custody platforms including Fireblocks, Anchorage, and Taurus have wired its vaults into their systems.
Morpho TVL. Source: DefiLlamaMorpho’s balance sheet supports the case. Its developer, Morpho Labs, recently closed a $175 million funding round that valued the protocol at $2 billion.
Still, the target hinges on Morpho building deep TradFi relationships, and Standard Chartered warns that growth could arrive in lumps.
That uncertainty sits at the center of every long-term Morpho forecast. The next few quarters should test how fast institutional money moves.
TLDR Aave recorded its highest daily network growth in nearly five years as new wallet creation surged on June 30. The protocol added 1,806 new Ethereum wallets in 24 hours, signaling fresh participation in DeFi. Aave traded near $86 despite a broader market pullback and still posted a weekly gain of about 9%. The protocol holds around $12.2 billion in total value locked, maintaining its position among leading DeFi platforms. Rising network growth suggests increasing user interest, but its impact depends on whether activity converts into sustained usage. Aave recorded its strongest daily network growth in nearly five years as new wallets surged on June 30. The DeFi lending protocol added 1,806 Ethereum wallets within 24 hours, signaling renewed participation. This increase comes as the broader crypto market weakens, yet Aave shows relative strength.
Aave network growth hits multi-year high Aave reported a sharp rise in new wallets, reaching levels last seen in October 2021. The spike reflects fresh user entry into DeFi rather than activity from existing holders. Santiment stated that rising network growth often indicates expanding market interest.
✍️ TL;DR: AAVE (On Ethereum) ends June with its highest network growth day since 2021
📊 Metrics used: Network Growth
🔗 Link to chart: https://t.co/PYPTArPYdg
📈 Aave (on Ethereum) has just seen 1,806 new wallets created in 24 hours, marking its strongest network growth day… pic.twitter.com/FbwYRgFdg0
— Santiment Intelligence (@SantimentData) July 1, 2026
Moreover, Aave registered steady engagement as users explored lending and borrowing features on the protocol. The DeFi platform continues to attract attention due to ongoing upgrades and governance discussions. As a result, the increase highlights early signs of renewed participation across the network.
Meanwhile, Aave maintained consistent on-chain activity, which supports the recent wallet growth trend. The DeFi sector benefits when protocols attract new users during weak market phases. Therefore, this data suggests that Aave continues to gain traction despite broader uncertainty.
Aave price action aligns with growing activity Aave traded near $86.2, reflecting a 2.4% decline over the past 24 hours. However, the token still posted a weekly gain of around 9%, outperforming many assets. This movement shows that DeFi tokens can resist wider market pressure under strong network signals.
In addition, Aave holds about $12.2 billion in total value locked across its lending pools. This figure reflects user deposits and borrowing demand within the DeFi ecosystem. Consequently, the protocol maintains its position among the largest platforms by locked value.
Santiment noted that such wallet growth often supports price stability during uncertain conditions. The firm stated, “New wallets at this pace suggest growing interest beneath the surface.” Therefore, Aave price action aligns with underlying participation trends in DeFi.
Aave fundamentals and market outlook remain mixed Aave continues development of its V4 upgrade, which aims to improve lending efficiency and system design. The update also introduces Smart Value Recapture to enhance protocol revenue streams. These changes strengthen Aave’s long-term position within the DeFi market.
At the same time, governance discussions focus on borrowing limits and risk management across the platform. These debates reflect efforts to balance growth with system stability in DeFi operations. As a result, Aave maintains active community involvement in key decisions.
However, the broader market still weighs on Aave performance as Bitcoin remains below $60,000. Market weakness could limit sustained growth if new users do not convert into active participants. Therefore, Aave must translate network growth into real DeFi usage to maintain momentum.
Aave just recorded its most aggressive single day of network growth in nearly five years—1,806 new wallets created on Ethereum in 24 hours, a level not seen since October 2021. The data, highlighted in the on-chain update from Santiment, arrives as AAVE’s price surged 23% over the past week, placing the DeFi lender back in the spotlight just as July trading begins.
Network growth is a narrow metric, but it matters. Each new wallet represents a potential depositor, borrower, or liquidity provider. When that many new addresses appear on Ethereum—a chain that continues to lead in weekly developer activity—it suggests interest is expanding beyond existing users. For a protocol like Aave that earns revenue from loan origination, higher wallet counts can, over time, feed into higher total value locked and fee generation.
Network Expansion Meets Protocol Upgrades The timing of the wallet spike is not random. Aave has been rolling out V4 on Ethereum, with new risk parameters and efficiency improvements designed to attract larger borrowing demand. At the same time, governance discussions around market caps and revenue recapture via the Smart Value Recapture mechanism are giving the token an income narrative that it lacked in earlier cycles. Standard Chartered’s recent long-term price outlook for AAVE added a bullish institutional overlay, though the bank’s note is one data point, not a guarantee.
All of this has pulled AAVE from a slow year to a +23% weekly gain that pushed it to the #46 spot by market cap. The wallet count suggests the price move is not being driven solely by existing holders rotating positions. New entities are stepping in, at least at the address level. Whether those wallets become active borrowers or merely speculative wallets that remain empty will determine how durable the move is.
Why Wallet Growth Alone Won’t Settle the Debate On-chain adoption metrics come with a built-in lag. A wallet creation is not a deposit. It is not a loan taken. It is not a vote in governance. The critical question for July and the second half of 2026 is whether this influx of addresses converts into on-chain activity: deposits into Aave pools, stablecoin borrowing, and protocol fee accumulation. Without that next step, network growth becomes a front-end signal that never fully translates.
Traders will watch Aave’s total value locked, daily active borrowers, and revenue figures over the coming weeks. If those indicators follow the wallet trend higher, the price base that has formed could become more than a short-term bounce. If they lag, the recent surge may stall. For now, the on-chain data offers a clear lead: the biggest cluster of new attention Aave has seen since the 2021 DeFi expansion. What the protocol does with that attention is the real story.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
US-listed Bitcoin (BTC) exchange-traded funds (ETFs) recorded $4.5 billion in net outflows during June 2026. This was the worst monthly figure since the products launched in January 2024.
The redemptions coincided with a sharp price decline. Bitcoin fell 20.48% over the month, its steepest monthly drop since June 2022, when the asset shed 37.28% during that cycle’s collapse.
IBIT Leads the Institutional RetreatJune’s outflows broke the previous monthly record of $3.56 billion, set in February 2025 during an earlier stretch of market stress.
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Bitcoin ETF Monthly Flows. Source: SoSoValueBlackRock’s iShares Bitcoin Trust (IBIT) accounted for the bulk of the outflows. The fund alone shed $3.55 billion, close to 79% of the category’s total redemptions.
That concentration is striking. IBIT’s single-fund outflow nearly matched the entire category’s prior monthly record on its own.
The price data reinforces the pressure. Bitcoin closed four of 2026’s first six months in negative territory, with June’s 20.48% decline the deepest of the year.
How Crypto ETFs Performed in June 2026The weakness extended beyond Bitcoin, though the scale varied across categories. Ethereum (ETH) ETFs posted $528.99 million in June outflows, SoSoValue data showed.
Solana (SOL) ETFs recorded net outflows of roughly $786,580. The figure is small, but it marks the first monthly outflow for Solana ETFs since their launch, ending a run of positive months.
Top Crypto ETFs Performance in June. Source: BeInCryptoNot every category turned negative. XRP (XRP) ETFs drew $59.46 million in net inflows during June, holding positive despite the broader downturn.
Hyperliquid (HYPE) ETFs led the group with $161.05 million in inflows, the strongest June showing across the products.
The split suggests capital rotated within crypto rather than exiting entirely. Newer altcoin products absorbed fresh money even as the two largest categories saw sustained redemptions.
Whether that rotation hardens will depend on how Bitcoin trades in July, since a price rebound could pull capital back toward the incumbents.
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A closely followed crypto analyst is suddenly turning bullish on one Ethereum (ETH) rival.
Pseudonymous trader Cheds tells his 375,200 followers on X that Solana (SOL) is primed for a massive breakout as it rallies towards a key level.
The analyst says if Solana increases more than 6% from its current value SOL would confirm a bullish trend.
“SOL is absolutely massive spot here as price pushes up into the underside of lost support, DMA 50 (50 Day Moving Average) and upper BB (Bollinger Bands) on daily. Also has double negative bearish divergence with OBV (On-Balance Volume), two new unsupported highs. Flip of $78 can be a long thesis, and invalidation for a short.”
Source: Cheds/X Meanwhile, analytics firm Santiment says on-chain data shows a sudden increase in activity on the Solana blockchain, setting SOL up for massive rallies.
“Solana’s on-chain activity is heating up fast, with active addresses jumping to 4.51M since Saturday, the network’s strongest stretch since February. This is related to tokenized equities on Solana hitting fresh records this week, xStocks chatter picking up around June 26th and SOL’s rebound above key levels that brought traders back into the ecosystem.
The bigger story is that Solana is becoming a go-to chain for real trading activity, not just speculation. Tokenized stocks, DeFi (decentralized finance) usage, stablecoins and retail-friendly apps are all giving users more reasons to interact on-chain. If this surge holds into next week, it strengthens the case that SOL’s recent bounce has real network activity supporting it.”
Source: Santiment/X Solana is trading for $73.60 at time of writing, down 1% on the day.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A financial disclosure filing released by the US government has revealed Donald Trump’s cryptocurrency-related assets.
According to information in the file, Trump’s crypto assets, including Bitcoin and Ethereum, are worth over $100 million.
The notification stated that Trump’s virtual Bitcoin key, held in a cold wallet, is worth over $50 million. Additionally, the value of his Ethereum key, also held in a cold wallet, was listed as ranging from $5 million to $25 million.
USDC assets also drew attention in the file. It was noted that the value of the virtual USDC key that Trump kept in a cold wallet was between $5 million and $25 million, and that $45,932 in interest income was earned from this asset.
According to the notification, Trump also has Ethereum assets staked under a Coinbase staking agreement. It was stated that he received a validator reward of $510,808 from this item.
The financial statement also included a licensing agreement with Celebration Coins. It was reported that $635,068,835 in royalties were generated from this agreement, the value of which is not easily determined.
*This is not investment advice.
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President Donald Trump reported more than $1 billion in crypto earnings for 2025, with a single meme coin and his family’s crypto venture driving most of the income detailed in a new federal financial disclosure.
The 927-page filing, released Tuesday by the Office of Government Ethics, arrived one day after a pivotal Supreme Court ruling. The decision widened presidential power over the independent agencies that regulate digital assets.
Where Trump Crypto Earnings Came FromThe filing shows CIC Digital, Trump’s meme coin business, earned about $636 million in royalties. He launched the token three days before his January 2025 inauguration.
World Liberty Financial added about $515 million from token sales and $65 million from equity in its holding company. The decentralized finance (DeFi) venture is roughly 38% owned by a Trump family entity.
Together, the three streams topped $1.2 billion. Trump separately disclosed more than $100 million in Bitcoin (BTC) and Ethereum (ETH) holdings.
The stake ties him to a Trump family crypto empire built on assets he now helps regulate.
Disclosure Lands Beside a Major Court RulingThe disclosure followed Trump v. Slaughter, a Supreme Court decision that lets presidents fire commissioners at independent regulators without cause.
The 6-3 ruling overturned Humphrey’s Executor, a 91-year-old precedent that had shielded those agencies from the White House. Legal analysts say it extends to the SEC and CFTC, the main crypto regulators.
The timing sharpened questions about Trump’s dual role as policymaker and crypto investor. Trump welcomed the outcome.
“This Decision gives tremendous additional Power back to the Presidency, where it belongs. It is an Honor to be the sitting President who, after all these years, WON this very important, and hard fought, Case,” Trump noted in a Truth Social post.
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Scrutiny Over Conflicts of Interest GrowsWorld Liberty Financial has drawn the sharpest scrutiny. In May 2025, Abu Dhabi state fund MGX settled a $2 billion Binance investment using the firm’s USD1 stablecoin.
That deal routed foreign-government money through a token the president’s family helps control. Senate Democrats demanded hearings into the venture over its foreign ties.
The White House has denied that a reported UAE deal shaped the firm. Lawmakers have pushed to bar federal officials from such crypto transactions.
The earnings landed during a market slump. Bitcoin’s spot price sat near $58,500 on Tuesday, down more than 50% from its October record.
Most small wallets that bought the meme coin have lost money, public data shows. Trump’s gains, set against those losses, will keep his stakes under watch as his agencies write the sector’s rules.
Corporate treasuries are quietly reshaping the supply dynamics of Ethereum. While the market fixates on Bitcoin as digital gold, a Nasdaq-listed company has now pushed its ETH stack to nearly 887,000 tokens. According to the original report, SharpLink (Nasdaq: SBET) acquired an additional 10,000 ETH at an average price of approximately $1,611, lifting its total holdings to 886,725 ETH as of June 28, 2026. The company simultaneously repurchased 2.13 million of its own shares at $4.69 on average and raised $75 million through a registered direct offering. The capital allocation strategy is stark: increase ETH exposure per share, not dilute it.
SharpLink’s identity as the second-largest Ethereum treasury company didn’t come out of nowhere. The firm has been methodically stacking ETH, treating the asset less like a speculative bet and more like a permanent balance sheet entry. The latest round of accumulation arrives alongside a clear signal from management about prioritizing per-share metrics. By buying back stock, SharpLink reduces its float, which magnifies each ETH held per outstanding share. For investors who view the company as a liquid proxy for Ethereum, the math becomes straightforward.
This is not a fringe move in a vacuum. Earlier this year, institutional capital entered blockchain infrastructure at record scale, with firms like Bullish acquiring major financial intermediaries and tokenized real-world assets crossing $20 billion on-chain. SharpLink’s actions fit into a broader pattern where public companies are no longer merely dabbling in crypto but are structuring their treasuries around it. While MicroStrategy defined the Bitcoin treasury playbook, Ethereum-focused strategies have been slower to develop. SharpLink is now the most prominent counterweight.
Capital Allocation With a Clear Mandate The $75 million raise through a registered direct offering is the engine behind the latest buy. Unlike secondary market purchases made quietly on the sidelines, this was a duly disclosed capital injection directed at one outcome. SharpLink’s management has not framed ETH as a short-term trade. The share buyback component suggests the company is trying to engineer a tighter correlation between its stock price and its Ethereum holdings. In practical terms, a lower share count with a rising ETH balance creates a higher ETH-per-share ratio, which appeals to institutional investors who cannot or will not custody ETH directly.
Yet, the execution carries market risk. If Ethereum’s price declines, the per-share math cuts both ways. For now, the average entry point around $1,611 sits comfortably below current spot levels in late June 2026, but the treasury’s size—worth roughly $1.5 billion at the time—makes SharpLink one of the most Ethereum-exposed public entities. Its balance sheet now holds more ETH than many DeFi protocol treasuries. The difference is that SharpLink is a regulated Nasdaq entity with quarterly reporting obligations, giving on-chain observers a cleaner window into corporate Ethereum accumulation than most DAOs provide.
What It Signals for Ethereum Markets Large, persistent buyers absorb liquid supply. SharpLink’s total holdings of 886,725 ETH represent over 0.7% of the circulating supply. When a single corporate entity accumulates at this scale, it introduces a structural demand floor that wasn’t present during previous cycles. Ethereum continues to lead developer activity across the blockchain sector, which underpins long-term value beyond the treasury narrative. The real question market participants are asking is whether other publicly traded companies will follow SharpLink’s lead. So far, ETH has lagged behind Bitcoin in corporate treasury adoption, partly because traditional CFOs still grapple with Ethereum’s more complex risk profile—smart contract exposure, protocol-level changes, and a different regulatory classification conversation.
Institutional staking and infrastructure plays are already carving a path. For instance, institutional staking from Nasdaq-listed firms has emerged as a tangible driver of demand in proof-of-stake ecosystems. SharpLink’s case could serve as a blueprint for companies looking to integrate ETH not just as an asset but as a yield-generating instrument, though the company has not publicly disclosed any staking activity tied to its treasury. If it eventually does, the model would shift from a simple holding company to a more active treasury management operation—something that would likely draw additional analyst coverage and regulatory scrutiny.
What remains uncertain is the regulatory boundary around such concentrated corporate ETH positions. Public companies reporting under U.S. securities laws must classify digital assets carefully. Any change in SEC guidance around crypto asset classification could force a revaluation or even a divestment. SharpLink’s bet, then, is not only on Ethereum’s price appreciation but also on a stable regulatory framework that doesn’t penalize corporate treasurers for holding the asset. In the current political cycle, that remains an open question. Still, the message from the company’s latest filing is unmistakable: they are not hedging, they are concentrating, and they are inviting shareholders to do the same through a shrinking float.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Ethereum [ETH] has continued to hover between $1.5k and $1.6k amid prolonged market weakness. At press time, the altcoin was trading around $1,591 after rising slightly by 0.85% on the daily charts.
As the ETH market struggles persist, high-net-worth investors are capitulating and exiting at a loss.
FG Nexus’ losses on Ethereum hit $86 million With Ethereum down 36% YTD, high-net-worth investors who aggressively accumulated in 2025 are counting losses. As losses continued to rise, these investors, especially institutions, were aggressively exiting the market.
Onchain Lens reported one such investor. According to the on-chain monitor, FG Nexus sold another 3,375 ETH worth $5.34 million.
Source: Arkham FG Nexus bought 50,770 ETH for $196 million. So far, the team has sold 41,675 ETH for $94.51 million. The latest sale pushed the total loss realized to over $86.8 million.
When institutional investors sell at a loss during a downtrend, it signals fear of more losses.
Institutions on the back foot Interestingly, FG Nexus is not an isolated case, as U.S. institutional investors have been aggressively dumping ETH.
A look at the Coinbase Premium Index shows the metric has remained negative for 53 consecutive days. Such a streak was last seen between January and February, a period when Ethereum dropped from $3k to $1.8k.
Source: CryptoQuant In addition to institutional investors, it seems all market participants are currently less incentivized to hold their positions.
Looking at the altcoin’s Exchange Netflow, this metric has remained positive for two consecutive days. At press time, Netflow was 11.6k ETH.
Source: CryptoQuant A positive Netflow indicates increased exchange deposits relative to outflows. Such an exchange setup means more sellers than buyers.
Historically, such market conditions have preceded a weakened market structure, resulting in greater losses.
What’s next for ETH? Ethereum is currently facing weak demand and intense selling pressure, especially from institutional investors. As a result, the altcoin’s downside momentum continued to strengthen.
A look at the Daily Relative Strength Index (RSI), this indicator has remained deeply within the bearish zone. Currently, RSI sits at 35, near the oversold area, suggesting bears have total market control.
Source: TradingView Historically, when this momentum indicator is at such low levels, ETH has experienced prolonged weakness. Therefore, if the prevailing market sentiment persists, Ethereum is likely to see more losses on its price charts.
If this happens, ETH could lose the $1.5k support level and drop to $1,400. However, in the short term, the only viable positive outlook is Ethereum’s continued sideways movement, trading between $1.5k and $1.7k.
Final Summary FG Nexus sold another 3,375 ETH worth $5.34 million, extending realized losses to $86.8 million. ETH faces intense selling pressure from institutional investors, as bears eye a slip towards $1.4k.
The Spot Ether ETF outflows overwhelmed BitMine’s ETH accumulation, raising the chance of a drop below the $1,500 support.Falling DApps revenue and weak staking yields highlight limited ecosystem incentives despite tokenization potential.Ether (ETH) has failed to sustain prices above $1,600 since Thursday, following the broader cryptocurrency market's downtrend. Lower oil prices created a positive tone that fueled investors’ hopes for more expansionist monetary policy. That setup favors stocks and pushes bond yields higher.
Traders now fear that ETH will not hold the $1,500 support level for long. Spot Ether ETF outflows void the impact of accumulation from Ether treasury companies.
ETH/USD (orange) vs. Total crypto market cap (blue). Source: TradingView
Ether price has declined 31% since May and underperformed the total cryptocurrency market capitalization by 8% over that period. US-listed Ether ETFs saw $345 million in net outflows since June 17, which more than offset the $182 million in ETH accumulation from BitMine Immersion (BMNR US) and Sharplink (SBET US) during the same period.
Regulatory setbacks, AI competition and weak Ethereum onchain metricsSeveral factors appear to have held back investor appetite, including regulatory uncertainty in the United States. Meanwhile, the stock market continues to draw attention thanks to strong earnings and lower inflation expectations.
The Digital Asset Market CLARITY Act has awaited a Senate vote since May 15. The bill ends regulation-by-enforcement and clarifies which tokens count as securities. Yet it has faced pushback from lawmakers over provisions regarding stablecoin yields and anti-money-laundering standards.
Democratic lawmakers voiced ethical concerns about the Trump family’s ties to crypto and its role in the World Liberty Financial platform. Most view the CLARITY Act as a positive catalyst for the decentralized finance (DeFi) sector. So ongoing uncertainty around approval hurts institutional demand for ETH.
The artificial intelligence sector now competes with blockchain for data processing as cloud providers deliver services through agentic architectures. Enterprise software leader SAP (SAP DE) has integrated autonomous, modular AI agents natively across multi-vendor clouds, enabling peer-to-peer collaboration.
Ether investors also feel disappointment from stagnant Ethereum network fees and decentralized applications (DApps) revenues. As a result, ETH supply becomes inflationary, staking yields remain limited, and fewer incentives exist for ecosystem growth, since part of DApps' revenue flows back to users.
Ethereum network fees reached only $10.7 million in June, down from $24.4 million in April. DApps revenue hit $51.7 million in June, down from $64.8 million two months earlier. Top contributors included Sky (formerly Maker) at $12.7 million, Titan Builder at $7.2 million, and Chainlink at $4.6 million.
Ethereum supporters argue that tokenization remains in its early innings. The long-term growth potential should create enough blockchain demand to support a much higher ETH valuation.
Ethereum real world assets (RWA) active market capitalization, USD. Source: DefiLlama
While real world assets (RWA) show real promise, the $14.5 billion in tokenized market cap on Ethereum has yet to spark meaningful DeFi activity. With a 2.7% staking yield and weak onchain metrics, the odds of ETH breaking below $1,500 remain in play.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.
Machi Big Brother, one of Hyperliquid's most-liquidated traders, was liquidated again on an Ethereum long and has now lost more than $80 million on the onchain derivatives exchange since September, according to onchain analytics firm Arkham.
Arkham said the trader, whose real name is Jeffrey Huang, was liquidated for $341,000 on an ETH position, taking his cumulative losses on Hyperliquid to $80.43 million since September 2025. To raise margin, Huang has been selling his Bored Ape Yacht Club NFTs; blockchain tracker Lookonchain reported he sold 34 of the NFTs over the past month for 326 ETH, about $514,000, realizing a loss of roughly 399 ETH, or about $631,000. His Hyperliquid balance has fallen to around $81,000.
What stands out about the latest hit is that, by Arkham's account, it is the first time Huang has been liquidated without immediately topping up his account. Earlier liquidations in the streak were repeatedly followed by fresh deposits. His run has become one of the most visible cautionary tales of the leverage that has driven Hyperliquid's rise, where the public order book turns each forced exit into a spectacle. It echoes the run of James Wynn, another Hyperliquid trader whose leveraged bets drew crowds hunting his liquidation levels before his account was ground down.
A Months-Long Losing StreakHuang's losses have tracked Ether's decline. ETH trades near $1,578, down about 21% over the past 30 days, roughly matching Bitcoin's 20% drop over the same stretch, according to CoinGecko. Measured from September, when Huang began the streak, the slide is far steeper: ETH has fallen by about two-thirds from the roughly $4,700 it traded at then.
Lookonchain has counted hundreds of separate liquidations across Huang's account, a tally that earned him the nickname "King of Liquidations." His Hyperliquid profits peaked at about $44.8 million in September 2025 before the position turned, on-chain trackers say. He had drawn margin for some of the recent trades from a PleasrDAO treasury wallet funded years earlier.
The NFT sales have crystallized steep losses on assets bought at the top of the 2021 market. The largest single loss Lookonchain flagged was Bored Ape #6057, which Huang bought roughly four years ago for 76.84 ETH and sold for 7.65 wrapped ETH, an ETH-denominated loss of about 90%. At his peak, Huang held more than 200 Bored Ape Yacht Club NFTs.
Onchain data only reflects wallets that trackers have identified, so the figures capture activity on Hyperliquid and tagged NFT sales rather than Huang's full net worth. Holdings on other platforms or in unlabeled wallets would not appear, and the question of whether he is "out of money," as Arkham put it, cannot be answered from public data alone.
Ethereum price today: $1,570Sharplink acquired 10,000 ETH and repurchased 2.13 million shares of its common stock last week.Ethereum has recorded a third consecutive quarterly loss after declining by about 25% in Q2.ETH has continued to falter ahead of a key descending trendline and $1,611 resistance.Ethereum (ETH) treasury firm Sharplink (SBET) resumed accumulation of the second-largest cryptocurrency by market capitalization last week after months on the sidelines.
The Florida-based firm acquired 10,000 ETH last week at an average price of $1,611 per ETH, marking its first purchase since October. The move has pushed its holdings to 886,725 ETH worth roughly $1.4 billion at the time of writing.
The purchase follows the company's latest direct offering, where it raised $75 million.
"The successful completion of our $75 million registered direct offering last week has strengthened our balance sheet and provided the capital to support our active ETH treasury management strategy," said Sharplink CEO Joseph Chalom in a Tuesday statement. "Our capital allocation philosophy is disciplined and straightforward: every financing decision we make is based on our long-term objective to increase ETH per share."
Sharplink also repurchased over 2.13 million shares of its common stock last week at an average price of $4.69 per share, which it terms as "significantly undervalued." The company stated that it has now repurchased over 4 million shares since beginning its stock buyback program last August.
The company's stock closed at $4.80 on Tuesday, down 2.44%, marking an 88% drop from its 52-week high of $40.46.
The decline reflects that of its underlying assets, as ETH has marked its third consecutive quarter of losses, with a 25.4% decline in Q2, according to Coinglass data. In the past two quarters, it saw losses of 29.2% and 28.2% in Q1'26 and Q4'25, respectively.
Last week, Sharplink, together with its Chairman Joe Lubin and BitMine, also funded the launch of Ethereum research and development non-profit Ethlabs.
Sharplink kick-started the Ethereum treasury strategy last year when it transitioned its treasury to focus on accumulating ETH in May 2025, around prices slightly below current price levels.
Ethereum Price Forecast: ETH falters before the convergence of the $1,611 and descending trendline resistanceEthereum recorded $58.5 million in liquidations over the past 24 hours, led by $41.3 million in long liquidations, according to Coinglass data.
On the daily chart, ETH is extending its bearish bias as price remains well below the 20-, 50- and 100-day Exponential Moving Averages (EMAs) at $1,669, $1,824 and $2,002, respectively. The top altcoin also remains below the downward-sloping trendline break at $1,617, reinforcing the view that recent rebounds are capped by overhead supply.
The Relative Strength Index (RSI) at 34 remains just above oversold territory, while the Stochastic Oscillator (Stoch) near 21 suggests downside momentum persists but may be losing intensity.
On the topside, initial resistance is seen at the $1,611 horizontal level and the descending trendline around $1,617. The hurdle is followed by the 20-day EMA at $1,669 and a nearby horizontal barrier at $1,741. Above that, a thicker supply zone emerges between $1,806 and the 50-day EMA at $1,824, ahead of further hurdles at $1,909 and the 100-day EMA near $2,002.
ETH/USDT daily chartOn the downside, immediate support comes in at the horizontal floor at $1,524, ahead of a secondary cushion at $1,404, while a deeper sell-off would expose the more critical base near $1,155.
(The technical analysis of this story was written with the help of an AI tool.)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Taiwan’s legislature has enacted a new law establishing comprehensive regulations for crypto platforms and stablecoin issuers, marking a significant shift from the previous anti-money laundering registration system. The legislation introduces a formal licensing regime for virtual asset service providers (VASPs) and mandates that stablecoin issuers maintain full reserve backing in domestic financial institutions. The move aligns Taiwan with regional trends towards enhanced oversight of digital assets and indicates a major step into the regulated crypto era. This development is viewed by market participants as a potential boost for Bitcoin and Ethereum, given the positive regulatory clarity in a key Asian market.
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Key Takeaways Taiwan’s regulatory move appears to provide a boost to Bitcoin’s prospects, with market pricing indicating increased confidence in achieving higher price targets. The regulatory clarity in Taiwan suggests a potential increase in institutional interest in cryptocurrencies, which could positively impact future price predictions. Market activity reflects a supportive stance towards Ethereum’s market sentiment, albeit with less direct impact compared to Bitcoin. What to Watch Observers should monitor how the new regulations influence institutional behavior towards Bitcoin and Ethereum in Taiwan. The timeline for existing VASPs to obtain full licenses and achieve regulatory approval could be a key indicator of market adaptation. Further developments in regional regulatory stances may continue to shape market dynamics and influence investor confidence in digital assets.
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Contract Odds Δ since publish Volume 24h June 30, 2026 0.1% — — View market → December 31, 2026 4.2% — — View market → What Price Will Bitcoin Hit Before 2027
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Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PANews, July 1 – According to SoSoValue data, crypto sectors generally fell, with the Layer 2 sector down 3.57% in 24 hours. Among them, Mantle (MNT) fell 4.97%, Starknet (STRK) fell 4.93%, and Celestia (TIA) fell 9.54%. Meanwhile, Bitcoin (BTC) fell 1.89%, dropping below $59,000; Ethereum (ETH) fell 0.98%, dropping below $1,600.
In other sectors, the PayFi sector fell 0.29% in 24 hours, but Stellar (XLM) rose 11.00%; the CeFi sector fell 0.87%, Binance Coin (BNB) fell 1.19%; the Meme sector fell 1.05%, MemeCore (M) rose against the trend by 22.60%; the Layer 1 sector fell 1.41%, Cardano (ADA) was relatively resilient, rising 1.32%; the DeFi sector fell 2.79%, LAB (LAB) fell 14.83%.
Additionally, the SocialFi and NFT sectors were relatively resilient, rising 0.50% and 0.54% respectively. Within the SocialFi sector, Gram (GRAM) rose 1.01%; within the NFT sector, Audiera (BEAT) rose 7.87%.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing early signs of stabilization on Wednesday after a recent correction. BTC rebounds modestly after falling to a fresh yearly low of $57,800, ETH holds above the critical $1,500 support level while XRP stabilizes around the key $1.00 psychological mark. The technical outlook for these top three cryptocurrencies is raising hopes of a short-term recovery after a massive price decline.
Bitcoin hits a new yearly low of $57,800Bitcoin price is recovering slightly to $59,000 after hitting a new yearly low of $57,800 on Wednesday. BTC is extending its slide well below the key Exponential Moving Averages (EMAs), which keeps the bias firmly bearish. The 50-day EMA at $66,352, the 100-day EMA at $70,133 and the 200-day EMA at $76,276 all sit overhead, suggesting a market that remains capped by a dense band of medium- and long-term trend resistance.
The Relative Strength Index (RSI) on the daily chart hovers near 32, hinting at lingering weak momentum rather than a capitulation low. At the same time, the Moving Average Convergence Divergence (MACD) turns slightly negative again around the zero line, suggesting that the latest bounce is stalling under layered overhead supply.
On the topside, initial resistance emerges at the prior horizontal barrier around $64,004, ahead of the 50-day EMA near $66,352, with further recovery levels at the 100-day EMA at $70,133 and the 200-day EMA around $76,276.
A more substantial bullish reassessment would require a daily close above these clustered EMAs, while a failure to reclaim the $64,000 area would leave BTC vulnerable to a renewed downside extension targeting the key psychological level at $55,000.
Ethereum holds strong above the $1,500 levelEthereum price trades at $1,586 on Wednesday, holding above the key support zone at $1,500. However, ETH is maintaining a bearish bias, with price remaining well below the 50-day, 100-day, and 200-day EMAs, clustered between roughly $1,815 and $2,286.
The RSI hovers around 34, maintaining downside pressure, while a mildly positive MACD reading suggests a tentative loss of selling momentum rather than a clear bullish reversal.
On the topside, initial resistance emerges at the 50-day EMA near $1,814, with the 100-day EMA around $1,993 and the horizontal barrier at $2,000 forming a broader supply zone; beyond that, the 200-day EMA near $2,285 is a more strategic cap.
On the downside, the next notable support comes in at the horizontal level around $1,385, where buyers may attempt to stabilize the decline if the pair extends lower.
XRP steadies at key $1 markXRP price trades at $1.0471, maintaining a bearish near-term bias as it remains well below the 50-day, 100-day, and 200-day EMAs at $1.1937, $1.3019, and $1.5145, respectively. The pair also trades beneath the upper boundary of a downward parallel channel near $1.1597, underscoring a capped structure. At the same time, the RSI hovers around 34 and a slightly negative, flattening MACD histogram hints at weak but stabilizing downside momentum rather than an immediate reversal.
On the topside, initial resistance aligns with the channel boundary around $1.1600, followed by the 50-day EMA near $1.1937. Above these, the horizontal barrier at $1.3000 sits close to the 100-day EMA around $1.3019, forming a broader supply zone ahead of the more distant 200-day EMA near $1.5145 and the major horizontal resistance around $1.9000.
With no clear nearby structural support printed below the spot in this dataset, a daily close back above the $1.1600–$1.1900 band would be needed to ease immediate bearish pressure. At the same time, a failure to reclaim that cluster would keep the risk skewed toward further downside exploration.
(The technical analysis of this story was written with the help of an AI tool.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Leading cryptocurrencies reversed course on Tuesday amid negative sentiment in the market, but analysts believe the sell-off may have carved out a bottom.
Crypto Market RetreatsBitcoin pulled back to about $58,000 after Monday’s surge, while 24‑hour trading volume ticked up slightly. Ethereum pulled back from $1,600 and traded around the $1,500 level, while XRP and Dogecoin slipped modestly.
Nearly $250 million was liquidated from the cryptocurrency market in the last 24 hours, with $183 million in bullish long positions alone erased, according to Coinglass data.
Bitcoin’s open interest rose 1.52% over the last 24 hours. An increase in open interest when the price falls indicates a short buildup, meaning sellers are entering the market to create new short positions.
"Extreme Fear" sentiment persisted in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.07 trillion, broadly unchanged over the last 24 hours.
Dow Hits New Closing HighDow finished June 2.43% higher, while the S&P 500 and the Nasdaq slid 1.32% and 3.22%, respectively.
Bitcoin Inside ‘High-Coviction Accumulation Zone’Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that Bitcoin’s supply in loss has exceeded its supply in profit for the first time in this cycle.
Martinez said that this on-chain crossover has historically aligned with “major” cycle bottoms in 2011, 2014, 2018, and 2020.
“While historical data shows that the duration of these crossover periods can vary from a few weeks to several months before a primary trend reversal begins, it confirms that BTC is currently trading inside a high-conviction accumulation zone,” the analyst added.
On-chain analytics firm CryptoQuant highlighted a negative Coinbase Premium Index for Ethereum, suggesting high selling pressure from U.S. institutional investors. At the same time, funding rates on Binance have turned negative, which suggests leveraged traders are leaning bearish.
“The combination of deeply negative funding rates and a discount on Coinbase often characterizes a ‘Wall of Worry,'” the analytics firm said. “Historically, when speculative sentiment is this depressed while organic supply is being absorbed by staking, it creates a fragile environment for short-sellers.”
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