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On June 24, 2026, Dow Inc DOW shares fell 3.1% to a current price of $29.38. This drop comes amid a broader trend, as the stock has decreased 9.6% over the past week and 17.6% over the past month. The stock has fluctuated between a 52-week high of $42.74 and a low of $20.40 over the past year.

GF Value™ verdict: The current price of $29.38 is 27.2% below the GF Value™ estimate of $40.37, indicating significant undervaluation.GF Score™: At 60/100, Dow Inc's score suggests an above-average potential for generating long-term returns.Most notable signal: There have been no insider transactions in the last 3 months, indicating stable insider sentiment. Is DOW Overvalued or Undervalued? According to the GF Value™, Dow Inc DOW is currently undervalued, with the current share price of $29.38 being significantly lower than the estimated fair value of $40.37. This represents a margin of safety of approximately 27.2%, suggesting a potential opportunity for value-oriented investors. The GF Valuation label classifies DOW as modestly undervalued, which indicates that the market may not fully recognize the company's intrinsic value at present.

This undervaluation presents an opportunity; however, investors should proceed with caution. The company's financial strength, while not at its best with a score of 4/10, along with a low Altman Z-Score of 1.43, could indicate risks associated with financial stability. Nevertheless, the substantial difference between the current price and the GF Value™ suggests that if DOW can navigate its challenges, it may offer significant upside potential in the long run.

How Does DOW's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 9.2x 20.8x The current forward P/E ratio of 9.2x is substantially lower than the 5-year median P/E of 20.8x. This indicates that DOW is trading significantly below its historical valuation levels, which aligns with the GF Value™ verdict of being undervalued. This P/E analysis supports the notion that the market may be undervaluing DOW, providing further confirmation of the opportunity presented by the current share price.

What Does DOW's GF Score™ Tell Us? Metric Rating GF Score™ 60/100 Financial Strength 4/10 Profitability 6/10 Growth 4/10 Valuation 8/10 Momentum 1/10 The GF Score™ of 60/100 indicates that while Dow Inc demonstrates above-average potential for generating returns, there are areas of concern. The strongest aspect is its Valuation rank at 8/10, signaling favorable pricing relative to intrinsic value. However, the weakest area is Momentum, rated at 1/10, suggesting that the stock may be experiencing negative price trends. Financial Strength and Growth ranks are also relatively low, which may raise flags for risk-averse investors.

What Are Insiders Doing with DOW Stock? In the last three months, there have been no insider transactions reported for Dow Inc DOW . This inactivity among insiders could suggest a neutral sentiment regarding the stock's future performance. While insider buying might indicate confidence in the company's prospects, the absence of transactions does not necessarily imply pessimism; it simply reflects a lack of movement or changes in perspective among the company's executives.

What This Means for Investors Based on the current analysis, Dow Inc DOW appears to be undervalued according to the GF Value™, providing a margin of safety for potential buyers. However, the company's financial metrics and lack of insider activity suggest that caution should be exercised. Investors may want to monitor the company's performance closely, given the mixed signals from its GF Score™ and valuation metrics.

For the complete analysis, visit the Dow Inc DOW stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is DOW's GF Score™?

DOW's GF Score™ is 60/100, indicating above-average potential for long-term returns based on several fundamental factors.

Is DOW overvalued or undervalued?

DOW is currently undervalued, with a GF Value™ estimate of $40.37 compared to its current price of $29.38.

What is DOW's P/E ratio?

DOW's current forward P/E ratio is 9.2x, which is significantly lower than its 5-year median P/E of 20.8x, indicating that the stock is trading below its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Japan's snap lower house election has delivered Prime Minister Sanae Takaichi a decisive mandate. Her ruling coalition secured a supermajority in the Lower House. It is the LDP's largest single-party result in postwar history under former Prime Minister Shinzo Abe.

While crypto regulation was not a campaign issue, the election’s outcome will shape how quickly Japan implements the most ambitious digital asset reforms undertaken by any major economy. And with bond yields at multi-decade highs, Bitcoin down roughly 45% from its October peak, and the yen under sustained pressure, the macro backdrop makes the timing of those reforms more consequential than ever.

Japan’s Macro Environment & Market SensitivityJapan entered this election constrained by a tightening macro triangle that has an outsized impact on global markets. A persistently weak currency, rising government bond yields, and an outsized public debt have made maneuvering difficult. 

Amid mounting fiscal pressure, bond yields have climbed to multi-year highs. This raised the cost of debt for one of the most indebted governments in the developed world. These dynamics narrow the range of short‑term policy responses. 

Prime Minister Sanae Takaichi initially signaled tolerance for a weaker yen as part of a growth-first approach. The markets reacted quickly, triggering a sell-off in the currency and pushing bond yields higher, ultimately forcing the Prime Minister to walk back her statement. 

Still, its impact was felt both in traditional and in crypto markets globally. 

Why Crypto Feels Japan’s Troubles FirstJapan’s influence on crypto markets runs less through regulation and more through interest rates. For years, ultra-low Japanese yields enabled investors to borrow cheaply in yen and use that capital to buy risk assets, including Bitcoin. 

Still, with rising bond yields and the Bank of Japan signalling further rate hikes in the coming months, analysts are watching to see if shifts in yields could affect the dynamics of the yen carry trade. Already, speculative short positions in the yen have fallen sharply, suggesting that investors are repricing risk assets across the board. 

Digital assets often react quickly to shifts in global liquidity, including changes in Japanese interest‑rate expectations. In fact, Bitcoin is trading at its lowest levels since early 2025, but not because conviction is falling. The selloff has not been crypto-specific. Silver plunged to its worst day since 1980, gold fell sharply, and U.S. tech stocks dropped. The common thread is a global repricing of risk assets driven partly by rising yields, shrinking liquidity, and the unwinding of leveraged positions, dynamics in which Japan's bond market is playing a central role.

In that sense, crypto is reacting to Japan not as a technology story, but as a liquidity one.

Crypto Regulation is Moving, but Elections Determine How FastWhile Japan’s macro backdrop has tightened, its crypto regulatory trajectory has quietly moved in the opposite direction. Over the past several months, the country has been rapidly moving toward integrating digital assets into its heavily institutionalized financial sector. 

Most recently, Finance Minister Satsuki Katayama has described 2026 as a ‘Digital Year’, focusing on modernizing Japan’s financial architecture. This builds on earlier efforts to normalize the regulation and tax treatment of digital assets and to integrate stablecoin payment rails. 

In late 2025, the Financial Services Agency announced it was preparing measures to bring crypto assets under the Financial Instruments and Exchange Act. This would reclassify crypto from a settlement instrument to an asset.

The changes would significantly cut the tax burden of holding crypto assets. Gains from crypto assets, instead of being treated as miscellaneous income, sometimes pushing marginal tax rates above 50%, would be treated as investment income. New rules would include a capital gains tax of 20%, payable on sale, and include loss carry-forward provisions

Stablecoin regulation is illustrating Japan’s desire to push forward in digital assets. Amendments to the Payment Services Act that took effect earlier established a licensed issuance regime for fiat-backed stablecoins. By late 2025, yen-denominated stablecoins had already begun operating under this framework. 

Crucially, regulators are integrating crypto into Japan’s existing financial regulation, rather than treating it as a parallel system. 

Why the Election Result Matters for CryptoJapan’s influence on crypto markets is significant. Japanese investors hold tens of billions of dollars’ worth of digital assets, with more than 13 million active crypto accounts nationwide, and the country accounts for a meaningful share of global crypto market activity.

The supermajority gives Takaichi's government full legislative control of the Lower House, including the ability to override Upper House vetoes and chair all parliamentary committees. For the crypto reform agenda, this matters procedurally. A government with a clear mandate can move legislation through committee stages and plenary votes more predictably.

That said, the election result does not resolve Japan's macro constraints. The bond market adjustment is ongoing, and the yen remains under pressure. In the near term, liquidity conditions will continue to shape market behavior more than political developments.

What the election does provide is clarity. The reforms are no longer proposals awaiting political validation. The implementation timeline, while still subject to legislative procedures, faces fewer political obstacles.

In that sense, short-term macro-driven stress and longer-term institutional adoption are not mutually exclusive. Japan may contribute to volatility as global funding conditions adjust, even as it lays the groundwork for what could become the most structured and comprehensive regulatory framework for digital assets among major economies.

Further out, Japan's regulatory trajectory will shape what institutional participation in crypto looks like once that adjustment is complete. Hard questions remain about fiscal sustainability, monetary policy, and market stability, but the election has cleared one major source of uncertainty. 

Sota Watanabe is CEO of Startale Group, the company that aims to achieve  "Web3 For Billions" by building products like Astar, Soneium, and Startale Cloud. He is also a director of Sony Block Solutions Labs, a joint venture with Sony Group and Hakuhodo Key3, a joint venture with Hakuhodo. In addition, Watanabe is one of the directors of the Japan Blockchain Association. He was previously named to Forbes 30 Under 30 list in Asia and Japan and Newsweek’s 100 People of Japan.

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Bitcoin and crypto market twist has brought unexpected changes to almost all assets. Prices have been declining with little or no hope for a reversal. The FTX exchange fiasco intensified the performance as several losses have been recorded in the entire crypto space.

Following the events, the price of Bitcoin dipped below its critical resistance level of $20K. Since then, the primary cryptocurrency has plummeted as the value slipped toward the $17K region.

Over the past 24 hours, BTC could not make any significant positive movement. Hence, the token has resolved to consolidate around the $17K level. But many doubts are brewing if a storm could follow this new calmness in the future.

Bitcoin Calms Around $17K Bitcoin has failed to trigger enough volatility that could push the price higher. The cryptocurrency has stalled around the $17K level during some trading hours. As of yesterday, BTC managed to hit up to $17,424. But the surge couldn’t last long as the bears suddenly took over.

According to data from Binance, the primary crypto dropped to an intraday low of $16,867. However, the coin is gradually climbing upward. At the press time, Bitcoin is trading at around $16,835, indicating a drop. It boasts a market cap of about $326.81 billion, and its dominance over the altcoin is at 38.33%.

Bitcoin price fails to surge above $17,000 l BTCUSDT on Tradingview. com Over the years, several interpretations for prolonged periods of reduced volatility have been given. One such is that it stands as a precursor toward a massive surge. Hence, the speculation on Bitcoin’s current consolidation could represent the calm before the storm.

Altcoins In Red Zone The crypto market has experienced an overall drop as prices keep dropping. With the strong presence of the bears, the altcoins have painted the market red. This declining trend has cut down the overall market cap more.

At the time of writing, the cumulative market cap sits at $853.33 billion. It shows a drop of about 1.39% over the past 24 hours.

The performance of the altcoin has not been impressive. Most recorded a decline between 2% and 6% over the last day.

The worse performers over the past day are BTSE Token and GMX. While the former dipped by 8.3%, the latter plummeted by over 7.2 % within 24 hours.

Other losers include ETH with a 3.41% drop, DOGE dipped by 6.47%, XRP by 2,57%, BNB by 2.38%, MATIC by 3.17%, ADA by 3.11%, and others.

However, the market saw just a few exceptions to the southward move. The best performers are Axie Infinity’s AXS and Synthetix Network’s SNX. While AXS surged by 4.4%, SNX recorded an increase of 5.4% in the last 24 hours.

Featured image from Pixabay, chart from TradingView.com

Table of contents

Biconomy, a crypto exchange based in Canada, today announced the listing of XDC Network on its digital asset trading platform. According to the announcement made today, spot trading for the XDC/USDC is now available for customers to participate in various financial transactions.

Powered by its native (BIT) token, Biconomy exchange is an Ontario-based cryptocurrency trading and investment platform that allows people to seamlessly purchase, sell, swap, trade, and store crypto assets. Since its launch in 2019, the exchange has continued to expand its global presence and serves users across the international scene. Its decision to add the XDC token to its trading platform sends a powerful signal about the capability of this altcoin.

Biconomy Allows Users to Leverage XDC for Trading The listing of the XDC Network on Biconomy’s trading platform means that the cryptocurrency has passed Biconomy’s stringent due diligence process, which examines factors such as security, project capability, and regulatory compliance. The listing offers immediate legitimacy of the XDC token and its visibility to the public market.

By adding XDC Network, a Layer-1 blockchain designed for trade finance, RWA tokenization, and payments, into its trading platform, Biconomy allows crypto enthusiasts to engage with the XDC token through investing, trading, and staking activities. The listing on Biconomy further increases the token’s visibility and liquidity within crypto and DeFi ecosystems to drive the asset’s widespread utility.

The current price of XDC is $0.04994. XDC Listing Fuels Market Momentum Today, XDC surged its price by 5.9%, making it currently trading at $0.04994, potentially catalyzed by its token listing on Biconomy. The decision for Biconomy to list XDC comes after Bybit integrated XDC (yesterday, December 9, 2025) into its centralized cryptocurrency exchange to allowing its customers to enjoy low-cost transactions and fast payment settlements powered by the XDC Network.   

The XDC Network is recognized for its low-cost and rapid transactions. Its transaction fees are much lower than other blockchain platforms, making it more cost-efficient for customers. In late August, Circle, a stablecoin issuer, integrated its USDC payment rails into the XDC Network to improve trade finance, RWA settlements, and DeFi applications.

The latest three integrations above highlight XDC’s positioning itself as a prominent blockchain network for rapid, low-cost global financial trade, real-world asset tokenization, and cross-border payments.

The XDC Network’s TVL, which currently stands at $23.48 million, is proof of its rapidly growing Layer-1 blockchain. This points out a shift towards utility-driven infrastructure that thrives amid the stablecoin boom, rising tokenized real-world assets, and surging on-chain institutional inflows. 

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

Summary

Biconomy has proposed ERC-8211, a new Ethereum standard for “smart batching” complex DeFi flows. The standard lets AI agents chain multi-step transactions in a single atomic call, resolving each step at execution time. Ethereum Foundation researcher Barnabé Monnot says ERC-8211 aligns with the Foundation’s “Improve UX” push to hide DeFi complexity from end users. Biconomy has proposed a new Ethereum standard, ERC-8211, that introduces “smart batching” so AI agents and smart accounts can execute complex, multi-step DeFi operations in a single transaction while resolving each step’s parameters at execution time rather than at signing.

The standard, published on April 6, 2026, is designed as a contract-layer encoding that works with existing account-abstraction frameworks and does not require any Ethereum protocol fork.

According to ERC-8211’s full specification stack published on Github, the protocol addresses a core bottleneck in today’s DeFi infrastructure. That most batch systems lock all parameters before a transaction hits the chain. Annoyingly even when later steps depend on outputs that are unknown in advance, such as the exact proceeds of a token swap or a lending withdrawal.

“Smart batching resolves parameters at execution time,” the ERC-8211 specification explains, allowing each parameter in a batch to declare how its value should be obtained — as a literal, via a static call, or from an on-chain balance — and what constraints it must satisfy before the batch can continue.

How ERC-8211 works The ERC-8211 spec describes a batch format where every input parameter carries three pieces of information: a fetcher type to define how the value is sourced, routing information that decides whether it becomes a call target, value field or calldata, and inline predicates that must hold or the entire batch reverts.

That structure lets an AI agent express flows like “swap token A for token B on Uniswap, then deposit whatever actually arrives into Aave,” with the second step pulling its amount from the resolved output of the first call rather than a guessed number.

Smart batching also introduces assertion-only “predicate entries,” where a batch step has no call target and instead encodes a boolean condition on chain state — for example, asserting that a wallet’s WETH balance remains above a safety threshold after a leverage loop.

These predicates use the same runtime resolution path as regular actions and act as gates between steps, turning a batch into what the spec calls “a program with embedded safety checks, not a hopeful script.”

Tying into Ethereum’s UX and agent roadmap In comments to Decrypt, Ethereum Foundation research scientist Barnabé Monnot said ERC-8211 fits directly into the organization’s user-experience roadmap.

“The protocol cluster of the Ethereum Foundation has ‘Improve UX’ as one of its strategic priorities,” Monnot said, adding that “ERC-8211 support is coming from this strategic priority” and that the collaboration with Biconomy began during a 2025 workshop convened by the Foundation’s Improve UX initiative.

Monnot argued that “the agentic execution angle is new, but has imposed itself given the rapid developments of agents over the last three months,” calling ERC-8211 “a perfect use case since agents can orchestrate complex cross-chain interactions, and ERC-8211 gives them the right platform to do so.”

Biconomy, which describes itself as “the smart wallet and execution engine for high-performance DeFi and autonomous onchain agents,” has previously worked on account-abstraction tooling and gasless UX, and says ERC-8211 can be implemented directly in TypeScript clients that construct batches against its encoding.

WSJ: Datavault AI Announces Upcoming Listing of Meme Coin Portfolio and Institutional RWA Token Suite on the Biconomy Exchange

Key Highlights Table of Contents

Key HighlightsBiconomy Platform Integration Drives Token AccessibilitySports-Linked Collectible Token Launches Championship SeriesDividend-Distribution Token Model Extends Portfolio OfferingsHeritage-Based Collectibles and Asset-Backed Tokens Accelerate Revenue StreamsGet 3 Free Stock Ebooks DVLT shares climb following Biconomy exchange integration announcements Meme coin portfolio and RWA token expansion drive stock momentum Enhanced liquidity infrastructure through Biconomy platform integration TRITON token activity and new asset launches fuel growth trajectory International market penetration strengthens through strategic listings Shares of Datavault AI Inc (DVLT) climbed to $0.6975, posting a 2.89% increase following a mid-morning surge. The upward movement came on the heels of announcements regarding new exchange integrations and broadened digital asset initiatives. The firm maintains focus on scaling its tokenization platform throughout international territories.

Datavault AI Inc., DVLT

Biconomy Platform Integration Drives Token Accessibility Datavault AI announced forthcoming integration of its meme coin collection and real-world asset tokens onto the Biconomy exchange platform. This strategic partnership focuses on penetrating Southeast Asian territories and expanding international footprint through enhanced trading infrastructure. The initiative represents a significant step in the company’s geographic diversification strategy.

With a user base exceeding 10 million participants spanning over 180 nations, Biconomy delivers substantial daily transaction volumes. Furthermore, the exchange provides extensive liquidity pools and diverse trading pair options for worldwide participants. Management anticipates accelerated market penetration and enhanced adoption metrics for its digital asset portfolio.

The integration encompasses various proprietary tokens connected to athletic events, collectible items, and tokenized tangible assets. These digital instruments integrate seamlessly into the company’s comprehensive exchange ecosystem. Consequently, the firm reinforces its competitive standing within the token creation and revenue generation sectors.

Sports-Linked Collectible Token Launches Championship Series The Dream Bowl I Meme Coin functions as a commemorative digital collectible associated with Dream Bowl XIV activities. This asset merges athletic fan engagement with blockchain-based ownership frameworks and decentralized distribution channels. It aligns with Datavault AI’s strategic emphasis on fan-centric token economies.

The digital asset builds upon previously disclosed programs connecting sporting competitions with distributed ledger collectibles. It establishes formalized digital ownership frameworks for event-associated assets. The organization expands its footprint within athletics-related tokenization markets.

Biconomy integration will deliver enhanced liquidity depth and expanded accessibility for international traders and digital collectors. The token leverages proven exchange architecture and existing market demand. This development reinforces the company’s collectible token development roadmap.

Dividend-Distribution Token Model Extends Portfolio Offerings The Dream Bowl II Meme Coin serves as a shareholder dividend instrument tied to athletic partnership agreements. This digital asset expands upon earlier distribution frameworks connected to user engagement and community participation. It amplifies the organization’s token-based incentive mechanisms.

The token incorporates strategic alliances including NFL Alumni Health, supporting community-focused programs. This reflects an industry-wide transition toward tokenized reward architectures within digital environments. Datavault AI broadens its utility-focused token portfolio.

Biconomy platform integration facilitates expanded distribution networks and trading functionality across global territories. It strengthens liquidity infrastructure for dividend-bearing digital instruments. The company thereby advances its systematic token deployment framework.

Heritage-Based Collectibles and Asset-Backed Tokens Accelerate Revenue Streams The Josh Gibson Meme Coin commemorates the baseball legend’s legacy through a name, image, and likeness-based digital collectible. This token functions in partnership with the Josh Gibson Foundation and affiliated organizations. It reinforces the company’s positioning in historically significant tokenization initiatives.

The firm progresses with proprietary real-world asset stablecoins secured by designated tangible assets. Additionally, the organization supports the TRITON token, which maintains active trading status on Biconomy currently. The tokenization development pipeline demonstrates advancement from partnership agreements to operational market presence.

The TRITON initiative connects to geothermal energy assets certified by the U.S. Department of Energy. Moreover, Datavault AI generates revenue through token creation and transaction-based fees. This establishes sustainable revenue channels via structured tokenization operations.

The company advances development of its Information Data Exchange utilizing the Nasdaq Financial Framework architecture. This platform targets scalable and regulation-compliant digital asset transactions. Management positions the organization for sustained expansion within tokenized infrastructure markets.

WSJ: Datavault AI Dream Bowl I Meme Coin to List on Biconomy Exchange June 23, 2026

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Cardano could drop lower, but its good risk-to-reward ratio is already becoming too appealing to ignore if prices start rebounding.

This narrative is according to a live chart analysis from YouTuber Jayson Casper. While prices remain deep in the red, he believes that Cardano (ADA) is a “good asset” that could offer insane returns from the current level when market conditions start to improve.

Cardano at a Good Place Casper first noted that Cardano is at a “good place” to start buying as its price remains well below prior highs. Currently around $0.178, the coin has fallen below its previous bear market lows around $0.22, after a lackluster price action during the bull market phase.

The analyst views the current level as a great entry point for long-term holders, citing its appealing risk-to-reward ratio should a recovery start.

However, his analysis does not rule out the possibility of further downside. A projected chart shows that two major supports lie below the current market price, with Casper noting that he is closely watching them.

Cardano Key Support Levels/Jayson Casper The first is the important weekly support at $0.125, aligning with the 0.618 Fibonacci retracement level. This downtrend would not only represent a nearly 30% decline from the current market price but also potentially take ADA to price levels last seen in November 2020.

The chart shows that the second key support sits around the 0.786 Fibonacci level at $0.05, a staggering 72% crash from here. Although he sees this as very unlikely, Casper noted that he would grab the opportunity if it presents itself.

Upside Potential and Massive Risk to Reward Casper is particularly interested in Cardano because it offers good rewards relative to the risks of exposure. The asset is already down over 90% from its all-time high and around key historical supports; hence, there is more room on the upside than on the downside.

To explain this, he used the percentage upside for a spot ADA buy if it reclaims key upside targets. In a case where Cardano rebounds from the support at $0.052 to its all-time high of $3.10, it would represent a 6,100%, or 59.6x growth.

Interestingly, even if it reaches only the bull market high of $1.32 in December 2024, it will amount to an almost 3,000% increase.

Furthermore, painted the reward prospects for Cardano if it starts to recover from $0.125. Reclaiming its all-time high would represent a 2,380% increase, and reaching a hypothetical new high of $4 would culminate in a 3,100% rally.

Notably, Casper is not the only analyst who sees Cardano as a trade with a good risk-to-reward ratio. Analyst Mathew Dixon mentioned this even when the coin was trading at $0.296 in February. The consensus is that ADA has survived periods of market weakness several times in its history and still has the capacity to do so in the future.

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.

Industry experts argue that recent crypto ETF outflows reflect a maturing market rather than fading interest in digital assets.

A Different ‘Crypto Winter‘Speaking on CNBC’s ETF Edge on June 16, CoinDesk Indices President David LaValle noted that the recent selloff and roughly $3 billion in outflows from Bitcoin exchange-traded products have led some investors to question the future of crypto.

However, he argued that ETF flows are behaving similarly to those seen in traditional asset classes. "They are serving both buy-and-hold investors and institutional holders."

LaValle described the current downturn as a different type of crypto winter compared with previous cycles.

"This crypto winter is more about when do I get back in, as opposed to whether there is a future," he said.

Vetify Director of Research Todd Rosenbluth noted that many investors continued holding Bitcoin ETFs despite the market correction.

The iShares Bitcoin Trust ETF (NASDAQ:IBIT) recently remained in net inflow territory despite BTC decline earlier this year.

The NEOS Bitcoin High Income ETF (BATS:BTCI) attracted roughly $500 million of inflows this year through last week, making it one of the most popular Bitcoin-linked ETFs in 2026.

Over the past week, BTC and ETH have gained around 7% while SOL is trading 13% higher.

Adoption Still In Early InningsLaValle argued that Bitcoin ETF adoption remains surprisingly early despite spot Bitcoin ETFs being available for more than two years.

He noted that many large advisory platforms and model portfolios have yet to fully incorporate Bitcoin products.

As an example, he pointed to Morgan Stanley’s recently launched Bitcoin ETF offering, which gathered more than $250 million in assets despite entering the market after several established competitors.

"It’s super early," LaValle said.

Besides BTC and ETH, he also highlighted SOL as a network attracting growing developer activity and institutional attention, while noting that future crypto investing may increasingly focus on utility and real-world applications rather than purely speculative trading.

"We do not yet know what the application of crypto is going to be," he said.

Image: Shutterstock

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Elon Musk’s Space Exploration Technologies Corp. (SPCX) shares rose sharply on Tuesday with over 17% at peak. The SpaceX stock surpassed the valuation of Amazon and Microsoft to become the fourth largest company in the world.

SpaceX Gains Lead Over Amazon, Microsoft The SPCX stock surged by as much as 17.21% on the day to reach the day’s high at $225.64. This increase led to the company’s market cap growing to $2.93 trillion.

At that time, SpaceX had briefly surpassed Microsoft, whose stock price dipped 1.63% to $393.24 to value at nearly $2.92 trillion. Nonetheless, at the time of writing, SpaceX had around 15% in gains, which ranked it below Microsoft.

SpaceX stock price chart. Source: Yahoo! Finance Meanwhile, SpaceX also took a lead over Amazon, which was up 0.25% to $246.72 and valued at nearly $2.63 trillion. Despite the volatility in early trade, SPCX still ranked higher than Amazon in value.

The recent surge also came after a massive overnight price rally in the stock. On Monday, the SpaceX stock had rallied 19.60% to $192.50 amid the announcement of the US-Iran peace agreement.

Further, in the after hours, the shares rose another 11.57% to $214.86 in the momentum trade. In addition, the shares surged nearly 10% in premarket trading on Tuesday and began to ramp up again after the market opened.

Why Is The SPCX Stock Up Today? The SpaceX stock upswing follows a Space Exploration Technologies Corp. and its subsidiary X67 Inc. announcing a merger agreement with Anysphere Inc. For context, this deal would result in X67 Inc. becoming a wholly owned subsidiary of Elon Musk’s SpaceX.

SpaceX has exercised the option to acquire @cursor_ai in an all-stock transaction with the goal of building the world’s most useful AI models.

For the past few months, SpaceXAI has been jointly training a model with Cursor, which will be released in Cursor and Grok Build soon.… https://t.co/X5mepgXgjJ

— SpaceX (@SpaceX) June 16, 2026

All common and preferred shares of Cursor will automatically convert into rights tied to SpaceX shares at the end of the merger. Cursor is valued at about $60 billion on the all-stock basis.

The transaction is subject to regulatory approvals and customary closing conditions and is anticipated to close in the third quarter of 2026, SpaceX said. It was one of the main reasons of the 10% pre-market surge in SPCX stock since it could boost the aerospace company’s market share.

For those looking for DeFi-backed crypto borrowing, visit our page on DeFi Lending Platforms.

Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated

According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408

4 minutes ago

A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.

4 minutes ago

A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.

According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.

4 minutes ago

Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.

Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)

4 minutes ago

Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.

According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.

4 minutes ago

STRC drops to near $80, marking another new all-time low.

According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.

4 minutes ago

UNI climbed 22% in 24 hours to $3.28 on $621 million in trading volume Tuesday, the highest-percentile move in recent CoinGecko tracking, one day after Standard Chartered published a $100 long-term price target for the token.

Uniswap's UNI token climbed 22% in 24 hours to $3.28 on $621 million in trading volume Tuesday, one day after Standard Chartered published a $100 long-term price target for the asset.

The move hit the 100th percentile of CoinGecko's recent price-change distribution for UNI, meaning no comparable 24-hour window in the tracked dataset registered a larger gain. The volume-to-market-cap ratio came in at 0.30 against a $2.04 billion market cap, a level that distinguishes the session from thin-book price manipulation. UNI has gained 31% over the trailing seven days and is trading roughly 93% below its 2021 all-time high of $44.92.

The Standard Chartered FrameStandard Chartered Global Research published its $100 UNI target for end-2030 on June 15, framing Uniswap as the likely trading infrastructure for tokenized real-world assets. At Tuesday's $3.28 price, that target is roughly 30x away. To reach $100 from the current level by December 2030, UNI would need to compound at approximately 135% annually over four years. One strong 24-hour session does not close that gap, but it aligns with the directional thesis the bank outlined.

Protocol Fundamentals Supporting the MoveThe rally arrives alongside genuine protocol activity. DefiLlama lists Uniswap's combined V3 and V4 deployment at $1.47 billion in 24-hour DEX volume, the top DEX entry on its rankings. Fees on Uniswap V4 over the trailing 24 hours came in at $734,000, per DefiLlama, with V4 TVL at $895 million. Combined V3 and V4 TVL exceeds $2.3 billion.

The protocol's UNIfication fee switch, passed by governance in December 2025 with 99.9% support, is also an active supply-side factor. The mechanism redirects a portion of protocol fees toward buying and burning UNI on an ongoing basis, reducing circulating supply.

Standard Chartered's June 15 initiation placed fresh institutional framing on a token that had spent most of 2026 below $3. That coverage, combined with the active UNIfication fee-burn mechanism, appears to have attracted renewed buying interest in Tuesday's session. No public statement was issued by Uniswap Labs or the Uniswap Foundation regarding the price move.

Key Takeaways Major technology firms including Google, AMD, BYD, and Tesla have approached Samsung Electronics about advanced chip manufacturing as TSMC grapples with capacity limitations. Samsung is in discussions with Google regarding production of future Axion processors and Tensor Processing Units, both slated for approximately 2028. Electric vehicle manufacturer BYD is exploring Samsung’s foundry for next-generation autonomous driving chips. AMD is considering Samsung as a manufacturing partner for upcoming CPU designs. Only three companies—TSMC, Samsung, and Intel—possess the capability to manufacture cutting-edge semiconductors at volume. As artificial intelligence infrastructure demands surge, TSMC’s production capacity for advanced semiconductors is reaching its limits — creating an opportunity for Samsung to capture overflow business.

According to a Wednesday report from Nikkei Asia, Samsung Electronics has experienced an uptick in contract manufacturing requests from prominent global technology companies, including Google, AMD, BYD, and Tesla. The information comes from six sources familiar with the discussions.

Shares of Samsung advanced approximately 1% following the disclosure.

Samsung Electronics Co., Ltd., SMSD.L

TSMC’s manufacturing pipeline is heavily allocated to current clients — including Nvidia, Apple, AMD, Broadcom, Marvell, and MediaTek — creating limited availability for new production commitments in the immediate future. While TSMC has announced capacity expansion initiatives, constructing semiconductor fabrication facilities requires substantial capital investment and multi-year timelines. This bottleneck is prompting certain customers to explore alternative manufacturing partners.

Samsung’s Potential Manufacturing Pipeline Google is reportedly negotiating with Samsung to manufacture its upcoming Axion processor lineup, anticipated to debut around 2028. Additionally, Google is evaluating Samsung’s foundry capabilities for a segment of its Tensor Processing Unit production, the specialized chips powering its AI computing infrastructure, also targeting a 2028 timeframe.

AMD is exploring the possibility of having Samsung produce certain future central processing units. Chinese electric vehicle leader BYD is in conversations regarding manufacturing of its next-wave autonomous driving semiconductor solutions with Samsung. Tesla has also been identified in the report as having initiated inquiries.

It’s important to note these represent preliminary negotiations rather than finalized production agreements.

The Elite Foundry Trio TSMC, Samsung, and Intel currently represent the exclusive group of manufacturers capable of producing state-of-the-art chips at commercial scale. This limited competitive landscape provides all three companies significant positioning power in a marketplace experiencing accelerating AI-driven demand.

Intel has been actively pursuing external foundry customers for its advanced manufacturing capabilities, although its production historically focuses on internal chip designs.

TSMC shares (TSM) declined roughly 3.5% on Wednesday. AMD (AMD) experienced a more significant drop of approximately 7.3%, while Intel (INTC) fell 8.45%. GOOGL registered a modest gain of 1.06%.

Samsung’s foundry division has encountered yield performance and execution difficulties in recent periods, which contributed to some customers migrating to TSMC. The conversion of these preliminary inquiries into confirmed production contracts will hinge on Samsung’s capability to deliver the quality standards and production volumes that customers require.

According to TipRanks, TSMC maintains a Strong Buy consensus rating with an average price target of $465, suggesting approximately 9% upside potential from present levels. TSMC stock has gained roughly 40.7% year-to-date.

Table of contents

The crypto market is witnessing renewed optimism, as the latest 24-hour data points out. Hence, the total crypto market capitalization has surged by 1.75%, reaching $2.24T. In addition to this, the 24-hour crypto volume shows a 31.09%, accounting for $63.82B. At the same time, the Crypto Fear & Greed Index stands at 23 points, indicating “Fear” among the market participants.

Bitcoin ($BTC) Drops by 0.04%, While Ethereum ($ETH) Sees 1.62% Rise Bitcoin ($BTC), the leading cryptocurrency, is currently changing hands at $65,838.45. This price level highlights a modest 0.04% decrease while Bitcoin’s ($BTC) market dominance sits at 58.8%. However, the flagship altcoin, ETH/USDT, is now trading at $1,793.10, presenting a 1.62% rise. In the meantime, the market dominance of Ethereum ($ETH) is 9.3%.

$BPX, $RDNT, and $AZZ Lead Crypto Gainers of Day The list of today’s key crypto gainers includes Black Phoenix ($BPX), Radiant Capital ($RDNT), and Arena-Z ($AZZ). Particularly, $BPX has surged by a staggering $1900.34%, hitting the $0.09142 mark. Following that, a 417.69% jump has placed $RDNT’s price at $0.001757. Subsequently, $AZZ is hovering around $0.00008048 after a 219.58% increase.

DeFi TVL Jumps by 0.80%, and NFT Sales Volume Records 38.0% Spike Today, DeFi TVL has witnessed a 0.80% growth, attaining the $74.623B spot. Additionally, the top DeFi project in terms of TVL, Lido, has hit $16.14B, displaying a 1.20% increase. Nonetheless, when it comes to 1-day TVL change, XY Finance has become the top DeFi player, claiming a stunning 843% surge over the past twenty-four hours.

Similarly, the 24-hour NFT sales volume has jumped by 38.0%, reaching $2,062,096. In the same vein, the top-selling NFT collection, Bored Ape Yacht Club, has climbed by 227.7%, touching $406,304.

GameStop Investor Challenges CEO Pay Vote, US Blocks Chinese AI Firms Moving on, the crypto landscape has also experienced many other crucial developments across the globe over the past 24 hours. In this respect, a GameStop ($GME) investor has filed a lawsuit to block a vote concerning the $35B pay package of the CEO, Ryan Cohen, until the shareholders get adequate disclosures.

What’s more, New York Magazine has disclosed the claim of a fellow inmate who says SBF is planning his exclusive coin after completing his imprisonment period. Furthermore, the US authorities are reportedly holding off on the inclusion of Chinese AI venture DeepSeek and over 100 other entities flagged as posing risks to national security.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

Fri 25 Jul 2025 ▪ 4 min read ▪ by Mikaia A.

Summarize this article with:

The party around Ethereum seems to be over. The altcoin was on its way, ready to cross the symbolic $4,000 threshold. But despite this surge, ETH stalled around $3,600, raising doubts. Rising borrowing rates, liquidity pool saturation, flashing technical signals: all the ingredients for a high-risk summer are gathered. In the crypto world, even giants like Ethereum are never safe from a domino effect.

In Brief The wETH borrowing cost is exploding, undermining classic leverage strategies. Aave’s usage rate reaches 95%, a critical threshold for system liquidity. ETH is technically overbought, in a calm summer market but prone to tensions. High-Rate Regime: The Crucible of Ethereum’s Fragility The latest on Ethereum: the cost of borrowing in wETH has risen dramatically since early July on the Aave platform: the utilization rate went from 86% to 95%. This near saturation makes borrowing unprofitable for many. Markus Thielen states:

The variable borrowing cost has gone up and it has become unprofitable to borrow ETH. 

When more than 90% of loans are variable rate, a sudden rise can trigger a rapid unwind. This could result in forced liquidations, liquidity withdrawals, and large-scale repositioning. Added to this is a stressed stETH-ETH peg, where slippage could amplify DeFi stress.

Historically, Ethereum has already entered a marked technical overbought zone. Despite the calm summer season in the US (volume down, potentially amplified volatility), the indicators remain tense.

Finally, Q3 is often the weakest quarter for ETH, with an average of +8.19%, versus +22.59% in Q4 since 2013.

Between Past Obituaries and Flawed Predictions: The Great Crypto Theater In 2017, a certain Evan Faggart listed five reasons why Ethereum was heading straight for disaster: network congestion, lack of use cases, high volatility, community conflicts, and proliferation of scams. At the time, the ETH price was $281.80. Seven years later, it hovers around $3,600, continuing to be one of the pillars of the crypto universe.

Such predictions resurface regularly, fueled by ironic tweets like that of @Jrag0x. He refers to the many times Ethereum has been declared dead. But ETH keeps forging ahead. With its rises, jolts, and critics. It has absorbed skepticism and setbacks but continues to embody, for many, the resilient and inspiring crypto.

Key Figures to Remember: 95%: Aave pool utilization rate; 49%: ETH increase in one month (~$3,623 at publication); 34%: ETH/BTC ratio growth over 30 days; +8.19%: average historical Q3 return; +22.59%: average historical Q4 return. Andrew Keys, founder of Ether Machine, asserts that ETH has outperformed Bitcoin over the decade. For him, ether is a winning long-term bet, far outperforming most assets. Though the altcoin is shaken, it remains, for many, a crypto of the future and a pillar of the decentralized ecosystem.

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Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

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.

May 11, 2026, 12:11 p.m.

2 min read

After four years of operating as a sidechain, Ronin is to become an Ethereum L2. Gaming (Mateo/Unsplash) Summary

Ronin, the gaming-focused blockchain behind Axie Infinity, will hard fork on May 12 to migrate from an independent sidechain to an Ethereum layer 2, causing about 10 hours of network downtime.During the migration window, all Ronin transactions and onchain game actions will be paused.The transition to the OP Stack and a new Proof of Distribution model will sharply cut RON token inflation and aim to improve security, scalability and costs after the network’s history-making $625 million bridge exploit.Ronin, the gaming-centric blockchain once synonymous with the industry’s infamous $625 million exploit, is officially shedding its sidechain skin on May 12 to become an Ethereum layer 2 to improve security while maintaining throughput.

Ronin, which announced the migration in April, will execute a hard fork at block 55,577,490, a process that will result in about 10 hours of downtime for users, the network said Monday on X. According to onchain data, the migration is expected to begin on Tuesday around 15:16 UTC.

“Four years ago, we launched Ronin because Axie Infinity needed a faster and more efficient network,” Ronin said when announcing the migration. “It worked. Axie Infinity onboarded millions of gamers to crypto, and Pixels proved that it was possible to do it again.” The time has come to plug "back into the mothership."

While operating as an independent sidechain in mid-May 2022, Ronin suffered what is still today the largest DeFI bridge exploit in history. Layer 2 protocols benefit from tighter links to the underlying blockchain than sidechains, offering benefits that include greater security.

The network's native token, RON, is currently trading at around 11 cents with a market capitalization of about $89.5 million, according to CoinDesk data. While the token remains significantly below its 2024 peak, the migration sparked a rally, with prices climbing 30% over the last 30 days as investors eye a shift in the network's supply dynamics.

“During this downtime window, all network transactions [including transfers, swaps, and smart contract interactions] will be paused,” Ronin said, adding that all games using its network will also be affected. “To avoid any inconvenience, please complete all necessary transactions/onchain game actions on the Ronin Network before the downtime begins.”

During the downtime, a "Proof of Distribution" model will be introduced to reward builders based on active network contribution rather than passive staking, Ronin said. The team noted that “this is fundamentally bullish for RON as it dramatically cuts token inflation from over 20% to below 1%.”

The company also said that transitioning to the OP Stack will allow it to inherit Ethereum’s robust security while maintaining high throughput. The move redirects 90 million RON tokens previously earmarked for staking rewards into the Ronin Treasury, while more than doubling marketplace fees to 1.25% from 0.5%.

Ronin said its narrative is dominated by its pivotal return to Ethereum, a strategic move to reset its economics, secure its bridge infrastructure, and secure its future in an upgrade intended to improve scalability and reduce costs through the use of EigenDA for data availability.

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Ronin, the gaming-focused blockchain developed by Sky Mavis, will migrate from an independent Ethereum sidechain to an OP Stack-based Layer 2 network on May 12, a transition expected to trigger approximately 10 hours of scheduled downtime.

During the downtime window, all network transactions, including transfers, swaps, and smart contract interactions, will pause, according to an announcement.

Onchain game actions for titles running on Ronin, including Axie Infinity and Pixels, will also halt, the network announced via its official security account on Monday. Users can track the migration's start time on Ronin's block explorer.

The upgrade, executed via hard fork, moves the network away from the independent sidechain model it has operated since 2021 and to an Ethereum Layer 2 using the OP Stack, the same framework underlying Base and Optimism.

Among the most immediate structural changes is a significant tokenomics shift. The upgrade will cut RON's annual inflation rate from above 20% to below 1%, the network said.

How Ronin got here Sky Mavis, the studio behind Axie Infinity, launched Ronin in 2021 as an EVM-compatible sidechain built for fast, low-fee transactions for in-game assets and play-to-earn mechanics.

The network has processed billions of dollars in NFT volume since launch. The migration arrives four years after Ronin's most consequential security incident.

In March 2022, a bridge exploit drained roughly $625 million in ETH and USDC via compromised validators, making it one of the largest cross-chain bridge hacks in DeFi history, The Block previously reported.

The attack was attributed to North Korea's infamous Lazarus Group.

Sky Mavis subsequently raised $150 million from Binance to reimburse affected users and replace the compromised validators.

U.S. law enforcement and Chainalysis later recovered $30 million from the stolen funds, while authorities in Norway returned an additional $5.7 million in 2024.

The upgrade plays out against a difficult backdrop for blockchain gaming.

An estimated 93% of Web3 gaming and GameFi projects launched since 2020 are now effectively defunct — defined by token prices falling more than 90% from peak and near-zero daily active users — according to an April 2026 market analysis by Caladan.

Total capital deployed into the sector from 2020 through early 2026 is estimated at $12 to $15 billion, with gaming token prices down roughly 95% from 2022 highs and VC funding for blockchain gaming studios collapsing by an estimated 93% over the same period. Axie Infinity, which drove Ronin's initial growth, has reportedly seen its own daily active users fall more than 90% from its peak.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ronin Network will reconnect to Ethereum on 12 May through a major infrastructure upgrade that also slashes RON token inflation from more than 20% to below 1%.

The migration marks a major shift for the gaming-focused blockchain, which originally launched in 2021 because Ethereum could not efficiently support Axie Infinity’s explosive growth.

Now, Ronin says Ethereum’s Layer 2 ecosystem has matured enough for a “homecoming.”

“The time has come to plug Ronin back into the mothership: Ethereum,” the team said in an April announcement ahead of the migration.

The upgrade will move Ronin onto Ethereum’s modern Layer 2 stack using the OP Stack.

RON inflation to fall below 1% The migration also introduces one of the network’s biggest tokenomics changes to date.

Ronin said RON inflation will drop from above 20% annually to less than 1% after the upgrade. The network described the change as a 20x reduction in new token emissions.

The project also plans to redirect new revenue streams into the Ronin treasury. Ronin increased the treasury’s marketplace fee allocation from 0.5% to 1.25%.

The team said the treasury should increasingly be held by RON holders as the ecosystem matures.

Markets react ahead of the migration Traders appeared to respond positively ahead of the upgrade.

RON rose about 4.5% over the past 24 hours, while trading volume climbed roughly 58%, according to CoinMarketCap data. The token traded near $0.115 at the time of publication.

Source: CoinMarketCap The market reaction suggests investors are closely watching the network’s lower inflation model and deeper integration with Ethereum infrastructure.

Ethereum scaling maturity changes the equation Ronin originally launched as a standalone gaming chain because Ethereum transaction costs and throughput limitations made large-scale blockchain gaming difficult.

At the time, Ethereum’s Layer 2 ecosystem was still in its early stages.

The migration now reflects how much Ethereum scaling infrastructure has evolved over the past four years. OP Stack-powered chains currently process millions of transactions across the broader Ethereum ecosystem.

Ronin said the shift will strengthen security, treasury revenue, builder incentives, and long-term sustainability.

The migration will temporarily halt block production for around 10 hours on 12 May while the network completes the transition.

Final Summary Ronin will reconnect to Ethereum through an OP Stack-based upgrade scheduled for 12 May. The migration cuts RON inflation from above 20% to below 1% while introducing new treasury and builder reward systems.