Imagine a world where AI agents hire other AI agents, pay them, verify the work, and settle up, all without a human touching a single button. That’s the pitch behind ERC-8183, a new Ethereum standard that just got its first official builder session, co-hosted by Virtuals Protocol and the Ethereum Foundation’s dAI team.
The standard was proposed on February 25, 2026, by a team that includes Davide Crapis and Bryan Lim. It defines a protocol for onchain agent commerce, essentially giving autonomous AI agents a structured way to do business with each other on Ethereum.
What ERC-8183 actually does ERC-8183 introduces what it calls a “Job” primitive. Each Job comes with an escrowed budget, meaning the funds are locked up front so neither party can rug the other.
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The standard defines a four-state lifecycle for every Job: Open, Funded, Submitted, and Terminal. The framework also includes evaluator attestation, which means a neutral third party (or mechanism) verifies that the work meets the requirements before payment is released.
ERC-8183 is designed to integrate with ERC-8004, a separate proposal focused on agent reputation. Together, they form a two-layer system: one for doing the work, one for tracking who does good work.
Why Virtuals Protocol is involved Virtuals Protocol co-developed the ERC-8183 standard alongside the Ethereum Foundation. The project has previously managed over $3 million in agent transactions without escrow, operating in the exact pain-point space that ERC-8183 is designed to solve.
The platform currently hosts a community of over 17,000 agents and has reported revenue of $39.5 million.
What this means for investors The VIRTUAL token is trading at approximately $0.70 as of late March 2026, with a market capitalization of roughly $457 million.
If ERC-8183 gains adoption as the default standard for AI agent commerce on Ethereum, Virtuals Protocol, as a co-developer with an existing agent ecosystem, would be among the first to benefit. Projects like Autonolas and Fetch.ai are also building their own frameworks for agent interaction, making developer adoption the key variable to watch.
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Word on the street is that Ethereum is ready for an early Christmas. The cryptocurrency’s accumulation addresses received a whopping $883M on February 7 – the highest daily inflow ever.
Moreover, long-term holders are now holding over $19.24M worth of $ETH, which is also a record.
This number, by the way, has jumped 20.55% in 2025, which, combined with the fact that $ETH’s price has dropped by 20.75% this year, reflects investors’ confidence in Ethereum.
Simply put, an increasing number of investors are HODLing Ethereum, expecting a big move in the near future.
Further evidence that $ETH’s record-breaking daily info is a bullish sign is the observation that Ethereum’s price shoots up after accumulation peaks like this.
For instance, Ethereum’s price rose by 35% just two months after 244K ETH (a record at that time) were accumulated on a single day (on February 26, 2023).
With Ethereum set to test (and potentially break) all-time highs, we’ve picked 6 meme coins to explode and follow $ETH on its upwards trajectory.
1. Solaxy ($SOLX) – Best Meme Coin to Buy In 2025 Solaxy ($SOLX) has arrived at just the right time for Solana. Although $SOL has been pretty sensational of late – 89% gains in the last one year – plus it’s now holding support and is ready for a breakout, it has admittedly been struggling to accommodate the growing number of users.
This is where Solaxy comes in. As the first layer 2 solution on Solana, $SOLX will solve the problems of network congestion, failed transactions, and limited scalability on the blockchain.
The $SOLX presale has been well received by both retail traders and whales alike. For instance, a whale bought $122K $SOLX just over a month ago.
The total presale raise now stands at an impressive $19M, with each token currently being offered at just $0.00163. If this is your first time investing in a crypto presale, here’s a detailed guide on how to buy $SOLX.
2. MIND of Pepe ($MIND) – Leverage AI to Become a Profitable Crypto Trader MIND of Pepe ($MIND) is a one-of-a-kind fusion between AI and crypto that promises to alter how retail traders have been approaching the crypto market.
It’s a self-evolving AI agent that constantly talks to crypto influencers and communities on dApps and social media sites like X, listening to their beliefs and biases regarding crypto.
Next, $MIND organizes and then declutters all that information to offer trading signals and unique market insights to its token holders.
Additionally, MIND of Pepe is also capable of shaping conversations and hype online, acting as a catalyst for new trending cryptos that it has recommended to its community.
Simply put, this frog-inspired meme coin is poised for tremendous growth, as it’s a sigh of relief for retail crypto traders who have been struggling to make consistent profits.
You can buy 1 $MIND for $0.0032924 if you get in right now. The $MIND madness has already raised over $5.5M, and it doesn’t look like slowing down. Here’s how to buy $MIND.
3. Meme Index ($MEMEX) – The Meme Coin Market Is No Longer Risky Meme Index ($MEMEX) is one of the best cryptos to buy now because it has the potential to not only change how people view the memecoin market but also attract more investors to this corner of crypto.
Taking inspiration from how index funds function in stock markets, $MEMEX is the first provider of meme coin baskets.
It offers four baskets of meme coins, ranging from the very safe Meme Titan Index (includes only the top cryptos in the world) to the high-risk, high-reward Meme Frenzy Index.
There’s also the Moonshot Index and the Meme Midcap Index, which offer handsome returns in exchange for a decent risk appetite.
All in all, because $MEMEX simplifies and diversifies meme coin investing, it has the potential to put crypto alongside the major financial markets in the world.
Meme Index is currently in presale, where it has already raised $3.5M. Each token is now available at $0.0160352, but hurry up because the price increases in the next few hours.
4. Department Of Government Efficiency ($DOGE) – Benefit from the Musk-Led New US Govt Body We’re all well aware of the OG $DOGE, but with Donald Trump winning the elections and Elon Musk getting his own way, there’s a new DOGE in town – Department of Government Efficiency.
Although the name of this US government department is indeed amusing, the work it does (or at least aspires to do) is very serious.
Under the leadership of Musk, DOGE wants to reduce bloated federal spending, alleviating the tax burden on US citizens.
DOGE’s X account constantly updates about the good work it has been doing. For instance, the organization has apparently saved over $5B in just the last two days by terminating wasteful contracts.
As a result, this ETH-based token finds itself on the list of top gainers. It’s up by a mind-boggling 35% in the last 24 hours.
Moreover, with a lifetime return of over 12,000% and truckloads of more fruitful work ahead, this $DOGE (currently priced at $0.065) is undoubtedly one of the top crypto buys under $1.
5. SPX6900 ($SPX) – Unique S&P 500 Index Meme Coin SPX6900 is another meme coin that has reacted positively to ETH’s accumulation news. It has jumped by over 8% today – and nearly 40,000% in the last year!
Built on the Ethereum network, SPX6900 is an S&P 500-based meme coin that has an amusing goal of reaching 69T in valuation. Of course, there’s no point digging into the “why” of this fictional index’s mission.
Thanks to SPX6900’s large community (82K followers on X and over 19K subscribers on its Telegram) and never-ending social media hype, it’s currently one of the best new cryptocurrencies.
Currently trading at $0.67, the token also boasts a massive market cap of $624M, which is one of the biggest in the entire industry.
Verdict Everything considered, it’s worth noting that even the best meme coins to explode aren’t free from the clutches of the overall crypto market’s volatility.
That’s why you should only invest an amount you’re comfortable sidelining for the foreseeable future.
Also, none of the above is a substitute for financial advice, and you must always do your own research before investing.
The market for tokenized commodities has blown past $6B, mostly thanks to demand for gold-backed tokens in an uncertain economy. This trend shows a split market: money is flowing to both safe havens and high-risk, high-reward speculative plays. Maxi Doge ($MAXI) is tapping into a unique, high-energy trading culture to build its community with gamified competitions. Whale wallets are accumulating and the presale has pulled in over $4.5M, signaling strong early interest in the project. With Bitcoin trading sideways, a different kind of digital asset is quietly booming.
The market for tokenized commodities has surged past $6B in total value, according to recent industry data. This growth is predominantly fueled by gold-backed tokens like Tether Gold (XAUT) and Pax Gold (PAXG), which together command the lion’s share of this growing sector.
As gold itself tests new highs, investors are increasingly turning to its on-chain counterparts for exposure, seeking the stability of a millennia-old store of value combined with the efficiency of blockchain technology.
Why does this matter? It signals a profound shift in market psychology. In a climate of macroeconomic uncertainty and ranging crypto prices, capital is flowing toward assets with perceived safety and tangible value. Tokenized gold offers just that, the ability to hold a claim on physical gold without the custody headaches, settled on-chain with near-instant finality.
But that’s only half the story. While one cohort of investors hedges with digital gold, another is hunting for alpha at the opposite end of the risk spectrum. Those same market conditions also fuel an appetite for high-octane, speculative plays capable of delivering outsized returns. What most coverage misses is that these trends aren’t contradictory. In a market desperate for direction, they’re two sides of the same coin.
This environment has become the perfect breeding ground for a new class of meme tokens built not just on humor, but on a culture of aggressive market participation.
Enter Maxi Doge ($MAXI), an Ethereum-based meme token that embodies the high-leverage, ‘1000x’ trading mentality.
Read more about $MAXI here.
From Safe Havens to High-Leverage Culture Where tokenized gold offers stability, a new project channels the market’s raw, unfiltered energy. It’s a direct response to a market where retail traders often feel outgunned by whales.
Frankly, Maxi Doge ($MAXI) isn’t just another canine-themed coin. It’s a cultural statement built around strength, discipline, and the relentless grind of the bull market.
The project’s ecosystem is designed to foster a community of active traders. Its core features include holder-only trading competitions with leaderboards and rewards, creating a gamified environment for profit-and-loss hunters (a clever move, really). This transforms passive holding into active engagement.
Plus, the ‘Maxi Fund’ treasury is designated for securing liquidity, funding partnerships with futures platforms, and amplifying its viral, gym-bro marketing narrative.
The second-order effect is the creation of a self-reinforcing community. By building its identity around the ‘Lift, trade, repeat’ mantra, Maxi Doge taps into a powerful subculture that equates financial ambition with physical strength. Is it unconventional? Absolutely.
But in the attention economy of crypto, a unique and resonant narrative is often the difference between obscurity and viral adoption.
$MAXI is available here.
On-Chain Data Signals Early Strength And that narrative is translating into tangible results.
According to its official site, the Maxi Doge presale has already attracted significant capital, pulling in an impressive $4.59M with tokens priced at $0.0002803. That level of funding suggests the project’s high-energy message is resonating with a market segment hungry for the next big meme-driven rally. But can it last?
As with any meme coin, the real risk is sustaining momentum after the launch, a challenge that hinges entirely on community execution.
Digging deeper, on-chain data reveals that smart money is taking notice. Etherscan records show two whale wallets have scooped up a combined $628,000 in $MAXI tokens. The biggest buy was a single quarter-million-dollar ($314K) transaction on October 11, a clear signal of high conviction from at least one major player. For market observers, such movements are often a leading indicator of a project’s potential.
To further incentivize its community, the project incorporates a dynamic staking APY. Rewards are distributed automatically via smart contract from a dedicated 5% allocation pool, providing a yield-bearing component for holders. Looking ahead, the critical test for Maxi Doge will be its ability to integrate with trading platforms and deliver on its promise of gamified tournaments. That’s what will truly bring its high-leverage culture to life.
It’s a project to watch closely. Join the Maxi Doge presale and experience the next wave of community-driven crypto innovation.
Buy your $MAXI here.
This article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are inherently volatile and risky.
Solana’s price action this year has followed a clear but uncomfortable pattern. After pushing to a new all-time high around the $296 region in January, the rally quickly lost momentum and transitioned into a steady decline that has persisted for months.
Many traders have attributed this weakness to a risk-off sentiment across crypto, but a deeper on-chain breakdown shared by crypto analyst Ardi on X suggests the story began well before the January peak and has more to do with who was buying and who was quietly exiting.
Distribution Was Already Underway Before The January Peak Solana has been on a clear downtrend since September, when it reached a lower high of around $247 compared to its January 19 all-time high of $293. One of the most important insights from Ardi’s analysis is that Solana’s January all-time high did not mark the start of distribution but rather the culmination of it.
The chart attached to his post shows that selling volume was already increasing months earlier, well ahead of October, meaning that large holders were positioning for exits long before price reached its final peak. From that perspective, the January high looks less like the beginning of a new expansion phase and more like the last push of a rally.
Source: Chart from Ardi on X After that point, price action began forming lower highs, and each rebound attempt lacked the strength needed to reclaim the all-time high. Interestingly, Solana failed to reach a new all-time high, even as other large market cap cryptos like Bitcoin, Ethereum, XRP, and BNB pushed to new all-time highs during the year.
Another interesting feature of the data is the widening gap between retail behavior and that of larger players. Cumulative delta metrics on the chart show that retail-sized wallets have been consistently active throughout the year and are increasing their activity even as Solana’s price moved lower.
On the other hand, mid-sized and institutional wallets tell a very different story. Their activity has been trending downward for months, starting from the January peak and extending up until the time of writing.
Is Solana’s Price Becoming Dependent On Memecoin Activity? Ardi’s analysis also raises a broader question about what is currently driving demand for Solana. Outside of retail activity on Solana itself, one of the few consistent sources of activity has been the memecoin sector. Successes and booms of meme coins like Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT), and Fartcoin (FARTCOIN), which gained traction in the second half of 2024, contributed to Solana’s push to all-time highs during those periods.
Those meme coin successes culminated with the launch of the Official Trump ($TRUMP) token in January 2025 on Solana, which experienced eye-watering gains shortly after its launch. This, in turn, contributed to Solana’s all-time high in January.
However, since then, the TRUMP token and other Solana-based meme coins have been trending downwards in recent months and no longer command the same level of attention or trading intensity they had this time last year. That has led to the view that Solana’s price is increasingly sensitive to the success of memecoins in its ecosystem.
At the time of writing, Solana is trading at $121.50, down by about 58.6% from its January all-time high of $293.
SOL trading at $121 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com
PANews, June 23 – According to the official Lido blog, Lido DAO has voted via Snapshot to revoke the “canonical” bridging endpoint designation for wstETH on nine networks: zkSync Era, Mode, Scroll, Mantle, Swell, Zircuit, Soneium, Polygon PoS, and Lisk. This move represents a resource reallocation at the governance level and does not affect the technical operation of the relevant bridges and contracts. Users can still hold, transfer, or bridge wstETH back to Ethereum on the above networks as normal. Lido will discontinue security monitoring and ecosystem and market support for these networks but will not set a migration deadline.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Kevin Warsh, recently nominated for Federal Reserve Chair, has filed an extensive financial disclosure revealing personal assets exceeding $100 million. His portfolio spans crypto, artificial intelligence ventures, and private equity investments. The document, submitted to the US Office of Government Ethics, marks the final administrative requirement ahead of his potential Senate confirmation hearings.
Warsh’s wealth includes major crypto and tech investmentsThe 69-page financial disclosure outlines a strikingly broad investment strategy. Among the largest reported holdings are two stakes, each over $50 million, in the Juggernaut Fund LP, a private investment vehicle. Warsh also reported $10.2 million in consulting income from the investment office of billionaire Stanley Druckenmiller.
Additional assets are held under THSDFS LLC, with around two dozen individual positions, each valued up to $5 million. Details for these holdings were not fully disclosed, owing to confidentiality commitments. Together, these investments form a significant portion of Warsh’s declared financial interests.
Many assets not listed with explicit values are reported to relate to artificial intelligence and cryptocurrencies, suggesting diversified exposure to emerging technologies. Notably, he holds positions in Blast, an Ethereum layer-two scaling project, signaling engagement with blockchain infrastructure.
Warsh’s stake in Bitwise Asset Management also stands out. Bitwise is recognized for its role in managing a prominent US-listed spot Bitcoin ETF, underlining Warsh’s connection to major players in digital asset investment domains.
The disclosure process required Warsh to commit to divesting from the Juggernaut Fund and THSDFS LLC if confirmed. Heather Jones, a senior analyst with the Office of Government Ethics, officially signed off on the document, noting compliance will be secured following the divestitures.
Uncertainty looms over Senate confirmation timelineWhile Warsh has cleared the main hurdles for ethics review, the Senate Banking Committee must still set a date for his confirmation hearing. Initially, the committee considered April 16, but pending filings caused postponement beyond that window.
Public attention around the nomination process has increased due to additional political factors. Senator Thom Tillis of North Carolina has stated his intention to hold up any vote on Federal Reserve nominations until a criminal investigation involving current Fed Chair Jerome Powell is settled. Powell’s term concludes on May 15, making the timeline increasingly tight.
Tillis has publicly asserted that no nominees will advance until the Department of Justice completes its review. In his words,
“I will oppose the confirmation of any Federal Reserve nominee, including for the position of Chairman, until the DOJ’s inquiry into Chairman Powell is fully and transparently resolved.”
Kevin Warsh previously served as a Federal Reserve Board governor from 2006 to 2011. He is known for his Wall Street background and his work as a visiting fellow at Stanford University’s Hoover Institution. Warsh has been active in both advisory and academic circles, providing commentary on economic policy and central bank reform.
Despite having completed the required ethics paperwork, Warsh now faces a potentially unpredictable confirmation schedule driven by external legal proceedings and Senate leadership decisions.
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.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
On June 22, 2026, the US spot Bitcoin ETF market recorded net outflows of $68.18 million. This decline is explained by massive redemptions on BlackRock’s IBIT and Grayscale’s GBTC. These outflows completely overshadowed the positive performance of Ark Invest (+$64 million) and Fidelity (+$57.38 million). Above all, it reflects a strong polarization among institutional investors.
In Brief Bitcoin ETFs show a net loss of $68.18 million during the June 22, 2026 session. Ark Invest (ARKB) and Fidelity (FBTC) nonetheless attracted a combined inflow of $121.38 million, proving continued buying demand. Ethereum funds also recorded a decline of $66.38 million, while Bitwise’s XRP gained $5.31 million. The total net assets under management of Bitcoin ETFs reach $80.22 billion, confirming the structural anchoring of these products in institutional portfolios. Bitcoin ETFs Remain Under Pressure Despite Some Positive Signs At first glance, the session on June 22, 2026, in the US spot Bitcoin ETF market looks like an ordinarily bearish day. Analysts also reveal a record withdrawal of $6.35 billion over 30 days. However, SoSoValue’s data highlights a more complex reality: never before has a day in negative territory hidden so many active institutional purchases.
ARK & 21Shares lead the charge with $64 million in net inflows into their ARKB fund, closely followed by Fidelity’s Bitcoin ETF, which captured $57.38 million. Together, these two issuers have absorbed over $121 million in spot bitcoin.
Chart showing the evolution of Bitcoin ETF flows (Source: SoSoValue) Additional inflows include:
Grayscale Bitcoin Mini Trust: +$48.14 million Morgan Stanley’s MSBT: +$8.11 million Franklin Templeton’s EZBC: +$3.72 million WisdomTree’s BTCW: +$3.40 million In total, the aggregated demand from six ETF issuers exceeded $228 million. This represents one of the largest coordinated buying days in several weeks.
The Weight of BlackRock and Grayscale Tips the Bitcoin ETF Market Certainly, the buyer base remains solid. However, the Bitcoin ETF market was overwhelmed by extreme concentration of outflows on two specific investment vehicles.
The main culprit of this institutional Black Monday is BlackRock’s IBIT (iShares Bitcoin Trust). The asset management giant suffered massive outflows of $171.96 million in a single session. It had just launched the first-ever yield-bearing Bitcoin ETF.
Meanwhile, the GBTC (Grayscale Bitcoin Trust) records a disinvestment of $80.96 million. The manager tries to offset these losses through its Mini Trust. However, the historically high management fees of GBTC structurally encourage early investors to migrate to more competitive structures or take profits.
Beyond Bitcoin: Ethereum Stumbles, While XRP Surprises The spot Ethereum ETFs had an even tougher day. The data reveal a net loss of $66.38 million, almost entirely attributable to BlackRock’s ETHA fund. The only positive inflow on Ethereum that day came from 21Shares’ TETH, with $346,070 of inflows. The total net assets of Ethereum ETFs stand at $9.44 billion, with a daily volume of $433.10 million.
For crypto assets alternative to bitcoin, the XRP ETFs are the only source of color in an overall red picture. Bitwise captured $5.31 million, bringing the total net assets of the XRP category to $993.29 million. This represents a symbolic drop of $7 million from the billion-dollar mark. A threshold to watch in the coming sessions!
The Solana and HYPE ETFs remained completely inactive on this day. Solana’s assets stand at $836.09 million, and HYPE’s at $219.58 million.
In any case, this trading session highlights the end of the homogeneity of institutional flows on cryptocurrencies. Upcoming flow reports and US monetary policy decisions will be crucial to determine whether this phase of weakness marks a simple pause or the beginning of a new cycle for Bitcoin ETFs. Stay tuned…
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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.
The total value locked (TVL) across decentralized finance (DeFi) protocols has dropped sharply since the start of the year. According to CryptoRank data, the TVL in DeFi plunged from around $115 billion in January to $70 billion by the end of June. This represents a staggering $45 billion decline in just six months.
Decline persisted throughout the yearOn-chain analyses show that DeFi TVL decreased every month throughout 2026. Among the top ten blockchain networks, only Tron and Hyperliquid managed to achieve positive growth this year. TVL on the Tron network rose by roughly 5%, while Hyperliquid saw an increase of about 7%.
Tron’s growth was attributed to the network’s dominant role in USDT transfers and stablecoin settlements. Meanwhile, Hyperliquid’s rise was linked to its prominence in on-chain perpetual futures trading.
Mini glossary: Perpetual futures are derivative products without a set expiration date. To keep prices close to the spot market, a funding mechanism is usually used.
Of the top ten blockchains, Arbitrum experienced the steepest drop. Its TVL sank 55.3% to $1.3 billion. While Ethereum’s TVL fell 43% since January, it still led the DeFi space with $38.9 billion locked. Solana also declined 40.5% to $4.93 billion over the same period.
According to CryptoRank, DeFi’s TVL declined every month in 2026. Among major chains, only Tron and Hyperliquid remained in positive territory for the year.
Falling market caps added to the pressureDeFi outflows mirrored the broader cryptocurrency market’s correction. Data in the report shows bitcoin reached an all-time high above $122,000 in October 2025, with the total crypto market cap peaking at $4.21 trillion during the same period.
By the end of June, the total crypto market cap stood at $2.15 trillion, indicating a nearly 50% drop from last year’s peak. Bitcoin’s value is down more than 28% year-to-date. Ethereum has lost up to 43%, while BNB fell 33% and Solana tumbled 43.5% in the same timeframe.
Security breaches accelerated outflowsCryptoRank highlighted that this year’s high rate of security breaches contributed to the DeFi sector’s unraveling. Up to late June 2026, 121 attacks were recorded in the crypto industry, resulting in crypto losses totaling nearly $942 million. Of these, 85 incidents occurred in the second quarter alone, accounting for losses of around $775 million.
In the second quarter, KelpDAO lost $293 million after a vulnerability was exploited on a LayerZero-based cross-chain bridge. The Drift Protocol recorded $280 million in losses due to a separate security breach. Together, these two incidents made up about three-quarters of all recorded losses in the same period.
The KelpDAO attack also affected Aave. Hackers used stolen rsETH tokens with no underlying backing as collateral on Aave, borrowing funds and creating a gap in the protocol that proved difficult to recover. In the days following the incident, Aave’s TVL dropped from $26.4 billion to $14.3 billion—a 46% decline.
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.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
June will see three major token unlocks—ZKsync (ZK), Vana (VANA), and LayerZero (ZRO). These tokens will unlock nearly $133 million in newly circulating assets.
Overall, $2.4 billion worth of assets will be unlocked this month. These unlocks represent sizable portions of each project’s market cap and could influence short-term price dynamics. Here’s what to know.
1. ZKsync (ZK) Unlock Date: June 17 Number of Tokens to be Unlocked: 770 million ZK (3.67% of Max Supply) Current Circulating Supply: 3.675 billion ZK ZKsync is a Layer 2 scaling solution for Ethereum. It leverages zk-rollups to increase transaction throughput while preserving Ethereum’s base-layer security.
Also, ZK is the native token used for governance, staking, and transaction fees.
On June 17, 770 million ZK tokens—worth approximately $41.61 million—will be unlocked. Of that, 397.20 million tokens (11%) are allocated to investors, and 372.80 million tokens (11%) to team members.
ZK Token Unlock in June. Source: CryptorankThis unlock represents nearly 21% of the token’s market cap. ZKsync is currently trading at $0.05394, down 11% in the last week of May.
2. Vana (VANA) Unlock Date: June 16 Number of Tokens to be Unlocked: 5.19 million VANA (4.33% of Total Supply) Current Circulating Supply: 30.8 million VANA Vana is a decentralized data marketplace that lets users control and monetize their personal data. Its native token, VANA, powers platform access, rewards contributors, and governs network decisions.
On June 16, Vana will release 5.19 million tokens—valued at $35.25 million. The distribution includes 4.74 million tokens (8.98%) for community initiatives and 452.60K tokens (1.65%) for ecosystem expansion.
Meanwhile, the token is up 18% in the last week of May. So, this unlock could test bullish sentiment.
VANA Token Unlock in June. Source: Cryptorank3. LayerZero (ZRO) Unlock Date: June 20 Number of Tokens to be Unlocked: 24.68 million ZRO (2.47% of Total Supply) Current Circulating Supply: 111.15 million ZRO LayerZero is an omnichain interoperability protocol designed to connect disparate blockchain networks. Its ZRO token plays a key role in governance and may support future messaging or fee functionalities.
On June 20, LayerZero will unlock 24.68 million ZRO tokens. The unlocked assets will be worth roughly $56.72 million.
Overall, the allocation includes 12.88 million tokens (4%) for strategic partners, 10.20 million tokens (4%) for core contributors, and 1.60 million tokens (4%) for tokens repurchased by the team.
Meanwhile, ZRO is currently trading at $2.30, down 10% in the final week of May.
LayerZero Unlock in June. Source: CryptorankThese three unlocks represent a combined $133 million in token value entering the market. With substantial portions going to insiders and ecosystems, market participants should monitor distribution activity closely.
Short-term volatility may follow, especially in lower-liquidity trading environments.
PANews, June 23 – According to SoSoValue data, crypto market sectors are broadly trending downward. The NFT sector fell 3.79% in 24 hours. Within the sector, Pudgy Penguins (PENGU) dropped 2.96%, and Audiera (BEAT) fell 6.29%. Meanwhile, Bitcoin (BTC) declined 1.06%, falling below $64,000; Ethereum (ETH) dropped 1.34%, fluctuating narrowly around $1,700.
Only the SocialFi sector showed relative resilience, being the sole sector to post gains today with a 24-hour increase of 1.23%. Within it, Gram (GRAM), renamed from Toncoin (TON), rose 2.13%.
In other sectors, the DeFi sector fell 0.47% over 24 hours, but DeXe (DEXE) surged 59.33%. The CeFi sector declined 0.94%, though OKB (OKB) rose 2.98%, briefly breaking above $83 during the session, influenced by factors including the formation of a joint venture with Intercontinental Exchange (ICE). The Layer1 sector dropped 1.51%, while TRON (TRX) gained 1.77% intraday. The Layer2 sector fell 1.51%, with Celestia (TIA) bucking the trend to rise 5.40%. The Meme sector declined 1.55%, but BUILDon (B) increased 6.27%. The PayFi sector fell 2.04%, while Telcoin (TEL) rose 8.06%.
Shiba Inu has once again been overlooked for a potential ETF launch in the United States.
The Cboe BZX Exchange seeks to list and trade shares of the Canary PENGU ETF. Yesterday, Cboe submitted its 19b-4 application to the U.S. SEC.
According to the filing, Cboe has indicated its interest in listing and trading shares of the Canay PENGU ETF, which aims to provide investors with indirect exposure to the Solana-based meme coin. Bloomberg ETF analyst Eric Balchunas also confirmed the development in an X post.
The Canary PENGU ETF, the first and only spot pudgy penguin filing, just got its 19b-4 filing via CBOE. On clock soon. pic.twitter.com/852jIPtuvF
— Eric Balchunas (@EricBalchunas) June 25, 2025
Canary PENGU ETF This comes three months after Canary first submitted its S-1 application to launch the PENGU ETF in the U.S. The proposed spot-based exchange-traded fund seeks to invest primarily in the PENGU token and Pudgy Penguins NFTs.
Moreover, the Canary PENGU ETF will hold other digital assets, such as Solana and Ethereum. Notably, this move aims to facilitate the sale and purchase of the ETF’s core holdings, PENGU and Pudgy Penguins NFTs.
While Canary sponsors the ETF, CSC Delaware Trust will be the fund’s trustee. Like most crypto-focused ETFs, the Canary PENGU ETF will be structured as a commodity-based product.
Regulatory Process Commences Notably, Cboe has backed Canary’s PENGU ETF application with a 19b-4 filing, officially commencing the regulatory process for the ETF. Per the filing, Cboe seeks to list and trade shares of the Canary PENGU ETF under BZX Rule 14.11(e)(4).
In the meantime, the SEC is expected to acknowledge the application within two weeks of filing. Afterward, the commission will schedule four separate deadlines to decide whether to reject or approve it.
Shiba Inu Overlooked Despite Growing Demand for SHIB ETF This development comes as asset managers continue to bypass Shiba Inu, focusing instead on other meme coins as potential candidates for spot ETFs.
Firms have submitted ETF applications for Dogecoin (DOGE), Pudgy Penguins (PUDGY), Official Trump (TRUMP), Bonk (BONK), and Official Melania Meme (MELANIA).
However, they have consistently overlooked Shiba Inu, despite calls from its community for a SHIB ETF. As previously reported, the Shiba Inu community petitioned Grayscale on Change.org, urging the digital asset manager to introduce an ETF tied to SHIB. The petition has attracted 11,700 signatures since its introduction last year.
In an effort to attract asset managers, Shiba Inu’s marketing lead, Lucie, published a post on X earlier this year, highlighting why SHIB is worth an ETF. She cited the token’s broad accessibility, resistance to manipulation, and community-driven growth.
Despite these efforts, asset managers have largely continued to overlook Shiba Inu as a potential ETF candidate, favoring other meme coins instead.
Meanwhile, Shiba Inu’s popularity in the meme coin niche and the broader crypto market has continued to grow. It currently ranks as the 19th-largest crypto and the second-largest meme coin, with a market capitalization of $6.88 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
PANews reported on April 8th that, according to SoSoValue data, the cryptocurrency market has generally rebounded following the two-week ceasefire between the US and Iran. The AI sector performed strongly, rising 6.61% in the last 24 hours. Among them, Fartcoin (FARTCOIN) surged 18.88%, while Bittensor (TAO), Worldcoin (WLD), and Render (RENDER) rose 8.56%, 8.94%, and 10.14% respectively. Furthermore, Bitcoin (BTC) rose 4.30%, breaking through $71,000; Ethereum (ETH) rose 6.23%, breaking through $2,200.
In other sectors, the DeFi sector rose 4.41% in the last 24 hours, with EdgeX (EDGE) up 14.90%; the Layer 2 sector rose 4.32%, with Optimism (OP) up 9.51%; the Layer 1 sector rose 3.95%, with Zcash (ZEC) up 25.73%; the PayFi sector rose 3.86%, with Dash (DASH) up 8.77%; the Meme sector rose 3.56%, with SPX6900 (SPX) up 11.86%; and the CeFi sector rose 2.64%, with OKB up 3.92%.
PANews reported on March 9th that, according to CoinDesk, global insurance brokerage giant Aon, in collaboration with Coinbase and Paxos, has completed a proof-of-concept test of stablecoin premium payments, using USDC (Ethereum) and PayPal USD (PYUSD, Solana) to settle insurance premiums. Aon stated that this is the first time a major global insurance brokerage has used stablecoins in premium settlement. Currently, cross-border premium settlements largely rely on bank clearing, which takes several days. This test aims to evaluate the potential advantages of on-chain payments in terms of settlement efficiency, cost, and transparency, and to prepare for the future introduction of stablecoins into the existing financial system, against the backdrop of the US passing the Genius Act, which establishes a federal regulatory framework for stablecoin issuers.
