UwU Lend, a DeFi lending protocol, suffers a second $3.7 million hack during reimbursement efforts from a previous $19.3 million attack, raising security concerns.UwU Lend, a DeFi lending protocol, has suffered two attacks within three days, losing a total of $23 million. The second attack occurred on Thursday while the protocol was trying to reimburse users from the first hack.
On June 10, UwU Lend was struck by a sophisticated attack, resulting in a loss of $19.3 million. The attackers used flash loans to exploit the protocol. In response, UwU Lend paused its operations and assured users that most assets were secure. They also offered a $4 million white hat bounty for the return of the stolen funds. The stolen assets included Wrapped Ethereum (wETH), Wrapped Bitcoin (wBTC), Curve DAO (CRV), Tether (USDT), Staked USDe (sUSDE), and others.
Blockchain security firm Beosin revealed that the attacker manipulated the price of USDe (USDE) by swapping it for other tokens using flash loans. This devalued USDe and sUSDE. After the price manipulation, the hacker deposited some tokens into UwU Lend and borrowed more $sUSDe than expected, driving USDe’s price higher. Similarly, the attacker deposited the sUSDE to UwU Lend and borrowed CRV.
By Wednesday, UwU Lend announced they had identified and fixed the vulnerability, unique to the sUSDE market oracle. The protocol was unpaused, and markets were gradually reopened. The team assured users that their funds were safe and that all bad debts would be repaid.
Just as the situation seemed under control, a second attack was reported on Thursday during the reimbursement process. This time, the same attacker drained another $3.7 million from the protocol and converted the funds back to ETH. The affected pools included uDAI, uWETH, uLUSD, uFRAX, UCRVUSD, and uUSDT.
The crypto community reacted with concern, questioning the safety of their funds. Many joked that the funds were not “safu” but were “with Sifu,” referring to UwU Lend’s founder Michael Patryn, also known as Sifu. Patryn, a co-founder of the collapsed QuadrigaCX, is currently under investigation by Canadian authorities for his involvement in the exchange’s criminal activities.
UwU Lend has paused the protocol again this week to investigate. Reports indicate that the second exploit was caused by a vulnerability similar to the first attack. MetaTrust Labs explained that the hacker used 60 million uSUSDE obtained from Monday’s hack as collateral to drain the pool.
This series of events led users to question whether the UwU Lend team knew about the tokens in the attacker’s wallet and why they didn’t stop supporting the sUSDE collateral.
As of now, UwU Lend has not provided an official explanation for the second exploit. Users are left wondering how a similar attack could happen so soon after the first and whether the protocol’s security measures are adequate to prevent future breaches.
The challenges faced by UwU Lend highlight the vulnerabilities in DeFi protocols and the importance of strong security measures. As the investigation continues, the DeFi community will be closely watching to see how UwU Lend addresses these issues and what steps they take to restore user confidence.
UwU Lend’s recent experiences highlight the risks involved in DeFi protocols. The quick succession of attacks has shaken user confidence and raised important questions about the protocol’s security. As the investigation unfolds, UwU Lend must address these vulnerabilities and implement stronger safeguards to protect their users and assets. The outcome will have significant implications for the broader DeFi ecosystem, emphasizing the need for continuous improvement in security practices and protocols.
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Decentralized lending protocol UwU Lend has unveiled a $5 million bounty to “identify and locate” the exploiter.
Developers of UwU Lend are promising to pay up to $5 million “to the first person to identify and locate” a hacker, who exploited the protocol for over $23 million worth of crypto. The bounty was announced shortly after the attacker missed the deadline set by the UwU Lend team, who expected the return of 80% of the stolen funds in exchange for a 20% reward.
As crypto investigator @CryptoEvgen noted in their X account, the hacker started funneling the stolen assets via Tornado Cash, a mixing service sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for facilitating approximately $7 billion in crypto laundering since 2019.
As of press time, it’s understood that the hacker has already laundered at least 500 ETH, valued at approximately $1.7 million at current market prices.
UwU Lend, which leverages the open-source AAVE v2 code, suffered two separate attacks from the same hacker in less than three days, executing what appears to be flash loan attacks that compromised multiple liquidity pools.
Founded by Michael Patryn, also known as Omar Dhanani or “0xSifu” — a co-founder of the now-defunct QuadrigaCX exchange — UwU Lend provides lending, borrowing, and staking services while distributing platform revenues through its native token, UwU.
The leading cryptocurrency is trading at $66,700, and altcoin sales have weakened. One of this week’s most significant developments was the UwU Lend attack. The Curve CEO made important statements to clear up misinformation. What did he say?
The Curve CEO spoke about the UwU Lend hack and the CRV token burn. Michael Egorov has been in the spotlight during many market downturns. Speculative traders targeting the liquidation price of his DeFi position have often triggered significant losses in the CRV Coin price through social media discussions.
Egorov made the following statements regarding recent events:
“This was not an exploitation of Curve Finance. It was an exploitation of a separate project (UwU Lend). As part of the cash-out game, the hacker deposited the CRVs taken from UwU into lendcurvefi (LlamaLend) and disappeared with the funds, leaving the debt in the system.”
To prevent similar attacks in the future, he suggested “revalidating all contracts and having them reviewed by good security auditors.”
CRV Coin BurnThere was a lot of misinformation, which also triggered recent CRV Coin price fluctuations. Egorov made statements on this matter as well. These statements were crucial to preventing the spread of false information on social media:
“This information was tweeted by a fake (impersonator) account, accompanied by a scam link. Several journalists did not verify the news and published it.”
So, what are the positions of the Curve CEO?
“The CRVs sent as collateral for loans likely accounted for about 30% of the circulating supply; half of this was in Curve, so indeed some doubtful receivables were formed. It was already repaid. No one was affected. For smaller cryptos (e.g., not BTC or ETH as collateral), debt ceilings should probably be provided; data shows that Curve-specific markets can be well parameterized to withstand these conditions.”
Egorov also mentioned that steps could be taken regarding open-source liquidation bots in the future.
“It seems the industry’s heavyweights did not fully know how to handle liquidations; they did not attempt partial hard liquidations for my position in Curve. I had to do it myself in the end. In the future, this area could be better with open-source liquidation bots.”
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.
President Donald Trump said the United States will strike Iran “VERY HARD TONIGHT” and later seize Kharg Island, the terminal behind roughly 90% of the country’s crude oil exports.
Oil prices climbed back above $91 within minutes of the Truth Social post, while Bitcoin quickly fell below the $63,000 threshold. Meanwhile, energy traders priced a higher geopolitical risk premium across the board.
Bitcoin and Oil Prices. Source: TradingViewTrump Targets Kharg Island, Iran’s Oil LifelineTrump published the threat on Thursday, days after US forces resumed strikes on Iran. Tehran says those attacks rendered its ceasefire with Washington meaningless and has launched retaliatory strikes on US bases in the region.
“The United States will be hitting Iran… VERY HARD TONIGHT. At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela…” Trump wrote in the post.
The Venezuela comparison points to a live template. Washington has controlled Venezuelan crude sales since US forces seized Nicolas Maduro in January.
The Council on Foreign Relations reports almost 100 million barrels, worth about $8 billion, moved through US-run accounts in four months.
Kharg is a far bigger prize. The terminal loads the supertankers that carry roughly 90% of Iranian crude exports, per CFR, making it the economy’s single most exposed asset.
Iran has answered with pressure of its own. Its Persian Gulf Strait Authority declared the Strait of Hormuz closed until further notice, while US Central Command says commercial vessels continue to transit.
JPMorgan estimates visible tanker traffic has already fallen to about 15% of pre-war levels.
History also cautions against expecting a clean shutoff. Iraq bombed Kharg repeatedly during the 1980s Tanker War, yet Iran rerouted exports through Lavan and Sirri islands and kept shipping over 1.5 million barrels per day.
Bitcoin Holds Near $63,000 as Oil Snaps BackUS crude spot prices spent most of Thursday sliding toward $90 before jumping to $91.75 after the post. In contrast, BTC dipped to about $62,680 before recovering to $62,841, up 0.25% on the day, according to BeInCrypto Markets data.
The surge in volatility mirrors Trump’s earlier ceasefire announcement, when risk assets like Bitcoin and stocks as well as commodities such as oil repriced sharply.
However, analysts have cautioned that a sustained oil shock could still feed liquidity pressure on crypto through higher inflation and tighter risk appetite.
Tehran, for its part, keeps pushing conflict finance onto crypto rails, including a proposed Bitcoin toll on tankers transiting Hormuz.
Tonight’s threatened strikes materializing may determine if oil’s new risk premium hardens or fades by the weekend.
Key Highlights Dutch TTF natural gas futures plummeted more than 5% on Friday, reaching their lowest point in two weeks. President Trump announced that a peace agreement between the U.S. and Iran might be finalized this weekend. Planned U.S. military operations against Iran were cancelled by Trump, reducing conflict escalation concerns. Approximately 20% of the world’s LNG supply passes through the Strait of Hormuz, making it a critical supply route. Iranian officials have yet to confirm a finalized agreement, leaving markets in a state of cautious optimism. Natural gas prices across Europe experienced a significant decline on Friday following remarks from President Donald Trump suggesting a potential diplomatic resolution with Iran. The Dutch TTF natural gas benchmark contract, Europe’s primary pricing reference, tumbled more than 5% to approximately €47 per megawatt-hour, marking its lowest trading level in a fortnight.
Dutch TTF Natural Gas Calendar (TTF=F) According to Trump’s statements, a comprehensive peace agreement could potentially be executed in Europe within days. The President also revealed that he had called off scheduled U.S. military actions targeting Iran. These developments triggered a rapid selloff in energy commodities as market participants scaled back expectations of imminent supply chain disruptions.
The Strategic Importance of the Strait of Hormuz The Strait of Hormuz has emerged as a focal point for energy market anxiety throughout recent weeks. This critical maritime chokepoint facilitates the transit of roughly 20% of global liquefied natural gas shipments. Any military confrontation or blockade in this strategic waterway could severely constrain supply flows to European nations and international buyers.
Earlier in the week, Trump had issued warnings about potentially seizing Iran’s Kharg Island and asserting control over Iranian energy infrastructure. These aggressive statements had propelled gas prices toward multi-week peaks and maintained elevated anxiety among market participants as summer approached.
BREAKING: President Trump says the US will be "hitting Iran very hard tonight" and announces that the US will be "taking Kharg Island" in the "not too distant future."
President Trump also says the US will "assume total control" of Iran's oil and gas markets, "much like we have… pic.twitter.com/uvBNjEkE5W
— The Kobeissi Letter (@KobeissiLetter) June 11, 2026
European markets face heightened vulnerability given that current underground gas storage inventories are tracking below previous year levels. Any constriction in global LNG availability could have amplified price increases during the critical summer storage replenishment period.
Qatar, a leading LNG producer, relies on Strait of Hormuz transit routes for its export operations. Although Europe sources considerable gas volumes through pipeline infrastructure and Atlantic basin suppliers, it remains a competitor for spot LNG cargoes in the international marketplace.
Traders Remain Wary Despite Price Decline Notwithstanding the substantial price correction, market participants maintain skepticism about whether a definitive agreement has been reached. Iranian representatives have not yet publicly acknowledged the existence of a completed framework agreement, though some officials indicated that primary terms have been settled.
The United Kingdom’s natural gas futures contract similarly declined approximately 2% on Friday, briefly touching one-month lows during early trading before recovering modestly by settlement.
Crude oil prices also retreated to two-month lows following the same diplomatic developments. Market analysts characterized Trump’s peace deal statements as the most substantive indication to date of genuine diplomatic progress.
The ICE Dutch TTF futures contract, serving as Europe’s benchmark gas pricing instrument, descended below the €47 threshold, briefly reaching €46.19 during intraday trading. This represents a notable retreat from levels exceeding €50 observed earlier in the trading week.
The geopolitical risk premium that had accumulated throughout weeks of escalating U.S.-Iran confrontation was rapidly being eliminated from market valuations. However, absent formal signatures on a binding agreement, traders are anticipated to maintain vigilance.
Any resumption of hostile actions or breakdown in diplomatic negotiations could swiftly reverse Friday’s price decline and propel European gas futures back toward their recent elevated levels.
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
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Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify
Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)
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Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
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Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
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Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
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Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
Riot Games is taking the LCS to Atlanta this fall. The 2026 League of Legends Championship Series Summer Finals will be held at Gas South Arena on October 3 and 4, marking the league’s latest move to plant flags in cities far from its traditional Los Angeles home base.
The Atlanta event follows the earlier announcement that the 2026 LCS Spring Finals will land at Mullett Arena on the Arizona State University campus in Tempe, Arizona, on June 13-14. Two major finals in two cities that have never hosted LCS events.
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A league reinventing its footprint Gas South Arena has hosted other live entertainment and esports-adjacent events, but it has no established LCS history. Riot has also signaled that additional off-site events will be sprinkled throughout the year, suggesting the Summer and Spring Finals aren’t the only stops on this road show.
Structural changes behind the scenes The LCS itself is being restructured for the 2026 season in ways that fundamentally change how the league operates. The league is transitioning to an eight-team format with a single round-robin regular season and best-of-three matches.
This restructuring comes after the dissolution of the LTA partnership system that previously governed the league’s operations. Riot is essentially running the LCS as a standalone entity now, giving the company more direct control over scheduling, event production, and competitive format.
The crypto sponsorship question There are currently no cryptocurrency or token-related announcements tied to the 2026 Summer Finals. That’s a notable absence. Esports and crypto were practically inseparable a few years ago. FTX slapped its name on major esports deals before its spectacular collapse. Coinbase similarly invested in esports sponsorship during the bull market.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Takeaways Sunday’s announcement of a U.S.-Iran ceasefire agreement is triggering significant movements in international markets Nasdaq 100 futures surged more than 2% while S&P 500 futures climbed 1.3% following the announcement Brent crude oil tumbled approximately 5% to hover near $83 per barrel amid reduced supply concerns Natural gas prices in Europe experienced steep declines, with Dutch benchmark prices reaching their lowest point in a month The strategically vital Strait of Hormuz is scheduled to reopen following a signing ceremony planned for Friday in Switzerland International financial markets experienced significant volatility on Monday as investors digested news of a ceasefire arrangement between Washington and Tehran. Equity futures are climbing, crude oil is retreating, and European natural gas markets are declining in response to the diplomatic breakthrough.
Dutch TTF Natural Gas Calendar (TTF=F) President Donald Trump revealed details of the agreement late Sunday evening via his Truth Social platform, describing the arrangement as “complete.” Pakistan’s Prime Minister Shehbaz Sharif, whose government served as mediator for the negotiations, announced that an official signing ceremony will take place this Friday in Switzerland.
Iranian Deputy Foreign Minister Gharibabadi verified the agreement during an appearance on state-controlled television. Tehran has indicated its willingness to commence comprehensive peace negotiations within a 60-day timeframe.
Equity Futures Rally on Diplomatic News Nasdaq 100 futures dominated the upward movement, surging beyond 2% in early trading. S&P 500 futures advanced 1.3% while Dow Jones futures posted gains of approximately 1%. These increases build on Wall Street’s positive momentum from Friday’s trading session.
E-Mini S&P 500 Jun 26 (ES=F) SpaceX contributed additional optimism to the market environment. The company’s stock climbed nearly 7% during premarket hours, following its public market debut on Friday that saw shares skyrocket more than 19% and propelled its valuation beyond the $2 trillion threshold.
Market participants are also focused on the Federal Reserve’s upcoming policy announcement scheduled for Wednesday. Current trader expectations suggest a 98% probability of unchanged interest rates, based on CME FedWatch tool indicators.
Both the NYSE and Nasdaq exchanges will remain closed Friday in observance of the Juneteenth holiday.
Energy Commodities Retreat on Supply Relief A key component of the ceasefire agreement involves reopening the Strait of Hormuz, an essential passageway for international petroleum shipments. Trump indicated the waterway will become accessible for mine-clearing operations after Friday’s formal signing event.
Brent crude futures declined approximately 5% to settle just above the $83 per barrel mark. West Texas Intermediate retreated to roughly $80 per barrel.
European natural gas markets also experienced downward pressure. The Dutch front-month contract decreased to 33.36 euros per megawatt hour. Britain’s gas contract fell 6% to reach 106.17 pence per therm. Both benchmarks touched their lowest levels in more than four weeks.
Current EU gas storage facilities stand at 44.34% capacity. Comparatively, storage levels at this point last year registered 53.02%. This differential highlights Europe’s ongoing struggle to accumulate adequate reserves ahead of the winter heating season.
According to market analysts, the arrangement may provide Iran with financial incentives, access to previously frozen assets, and potential relaxation of petroleum sanctions. Questions surrounding Iran’s nuclear ambitions remain unresolved.
Financial markets are weighing both the geopolitical de-escalation and tangible effects on energy availability. Despite falling prices, European storage capacity continues tracking below last year’s figures, maintaining underlying tension in gas markets.
The Strait of Hormuz is open for business again. A US-Iran peace agreement reached on June 14, 2026, effectively ends months of hostilities that had choked one of the world’s most critical energy bottlenecks, and fuel markets are already responding.
Brent crude oil dropped by $3 to $5 per barrel following the announcement, settling around $83.89. West Texas Intermediate crude fell to approximately $80.85.
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What the deal means for drivers During the conflict, US national average gas prices surged above $4.50 per gallon. Analysts now expect gradual reductions at the pump, potentially several cents per day as markets digest the lowered supply risk. Full price normalization may not arrive until sometime in 2027.
The Strait of Hormuz handles roughly 20% of global oil flows. The conflict that began in late February 2026 had progressively restricted transit through the strait, creating a slow-motion energy crisis that pushed crude benchmarks higher and dragged consumer fuel costs along for the ride.
The crypto connection you didn’t see coming Iran’s cryptocurrency portfolio is estimated at roughly $7.7 to $7.8 billion, accumulated primarily as a tool for sanctions evasion. The US Treasury has responded by imposing sanctions on digital asset wallets linked to Iran, freezing hundreds of millions of dollars in crypto tied to evasion activities.
Despite that regulatory overhang, crypto markets reacted positively to the peace signals. Bitcoin’s price moved toward $74,000 as investor sentiment improved on the back of de-escalation news.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A new Ethereum Research proposal is putting post-quantum wallet security back in focus, outlining a practical way to verify quantum-resistant signatures on the EVM without requiring a full protocol-level upgrade.
The proposal, published by Ethereum researcher nicocsgy, explores an EVM-optimized version of the SPHINCS+ stateless post-quantum signature scheme. The design aims to make quantum-resistant verification more practical for wallet use cases by adapting the scheme to Ethereum’s existing execution environment.
TL;DR An Ethereum Research proposal outlines a post-quantum signature verification approach for the EVM. The design is based on SPHINCS+ but optimized for Ethereum-style execution. The proposal uses KECCAK256 instead of SHAKE256 to better fit EVM costs. It could give wallets and smart accounts a practical migration path before quantum threats become urgent. Why Quantum Security Is Back In The Ethereum Conversation Quantum computing is not an immediate threat to Ethereum wallets today, but developers are already thinking about what a migration path could look like if cryptographic assumptions change.
Most blockchain wallets rely on public-key cryptography. If future quantum computers become powerful enough to break widely used signature systems, wallets and protocols will need alternative methods to prove ownership securely.
That does not mean Ethereum is facing a near-term crisis. It means the ecosystem needs credible upgrade paths before the risk becomes urgent.
The Ethereum Research proposal is interesting because it does not wait for a full base-layer redesign. Instead, it looks at whether post-quantum signature verification can be made practical inside the EVM itself.
How The SPHINCS-Based Design Works SPHINCS+ is a stateless post-quantum signature scheme standardized by NIST. The challenge is that post-quantum signatures can be large and expensive to verify on-chain, especially if the underlying design does not map neatly onto Ethereum’s cost model.
The proposal adapts the idea by replacing the standard SHAKE256 hash function with KECCAK256, which is native to the EVM. That matters because Ethereum already supports KECCAK256 efficiently, making it a more practical building block for on-chain verification.
The author also focuses the design around typical wallet behavior rather than trying to cover every theoretical use case. That trade-off is important. If the goal is to give users a realistic path to protect funds, the solution needs to be affordable enough to use, not just academically sound.
The report estimates verification in the range of roughly 127,000 to 150,000 gas. That is still more expensive than a normal signature verification flow, but it is low enough to be discussed as practical for high-value wallet protection and smart account designs.
What This Could Mean For Wallets The most useful part of the proposal is the idea of an upgrade-free path. If smart accounts or wallet contracts can verify post-quantum signatures at the application layer, users may not need to wait for Ethereum itself to change its signature system.
That could matter for long-term holders, custodians, and institutions. These users are less concerned with making every transaction as cheap as possible and more concerned with making sure large balances can be protected across long time horizons.
A practical route could involve smart accounts that support quantum-resistant recovery, migration, or spending conditions. Users could move funds into wallets that are harder to attack under future cryptographic assumptions while the broader Ethereum protocol continues to evolve.
Still Early, But Worth Watching This is still research, not a finished wallet standard. There are trade-offs around signature size, gas cost, implementation complexity, and user experience. Any production version would need serious review before large balances depended on it.
Even so, the direction is important. Crypto security cannot wait until quantum computers are powerful enough to create an emergency. The safer path is to test practical migration tools early, while there is still time to evaluate them calmly.
For Ethereum, post-quantum readiness will likely be a gradual process. Proposals like this show how the first steps may happen at the wallet and smart account layer rather than through one dramatic network-wide switch.
The US-Iran peace framework announced around June 14-15 did exactly what markets hoped it would do to oil prices. Brent crude dropped more than 5%, settling near $82.84-$82.91 per barrel. The problem is what it hasn’t done to the price you actually pay at the pump.
US gasoline prices sit at a national average of roughly $4.07 per gallon. That’s down from the $4.56 peak earlier this year, but still about 36.6% higher than pre-war levels below $3.
How we got here The conflict traces back to late February 2026, when US-Israel military actions against Iran triggered a chain reaction that shut down the Strait of Hormuz. That waterway handles roughly 20% of global oil trade.
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Brent crude spiked to between $112 and $120 per barrel by early April 2026. US gasoline prices surged more than 50% from their pre-conflict baseline, hitting that $4.56 per gallon peak.
The proposed peace framework includes plans to reopen the Strait of Hormuz and lift the US naval blockade. A formal signing has been tentatively scheduled for June 19.
What the crypto market is telling us Bitcoin responded to the deal announcement by climbing approximately 2% to a two-week high above $65,500.
During the worst of the conflict, rising energy costs acted as a drag on risk assets across the board. Higher oil prices feed into inflation expectations, which feed into tighter monetary policy expectations, which feed into lower prices for speculative assets like crypto.
What investors should actually watch The formal signing date of June 19 is the immediate catalyst. If the deal gets inked as expected, the market will shift its focus to how quickly the Strait of Hormuz reopens to full commercial traffic and how fast sanctioned oil flows resume.
Some analysts pointed out during the 2022 energy crisis that prices take the elevator up and the stairs down. The same dynamic appears to be in play here.
Volatility in crypto markets is likely to persist as investors toggle between geopolitical optimism and the stubborn reality that structural problems in energy markets don’t resolve on political timelines.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Glamsterdam has reached its final devnet stage, locking in ten EIPs including ePBS and Block-Level Access Lists. The bundle clears the path for a 200 million gas-limit floor and mainnet activation in H2 2026.
Ethereum's Glamsterdam hard fork reached its final devnet stage Tuesday, locking in the EIP bundle that core developers expect to carry the network through public testnets and on to mainnet activation in the second half of 2026. The release is being framed as the largest protocol change since the Merge.
The upgrade ships ten Ethereum Improvement Proposals tracked under the Glamsterdam Meta EIP-7773, with two headliners doing the structural heavy lifting: EIP-7732, which enshrines Proposer-Builder Separation (ePBS) directly in the protocol, and EIP-7928, which introduces Block-Level Access (BALs) Lists so validators can process unrelated transactions in parallel.
The combination clears the path for a 200 million gas-limit floor, roughly tripling current L1 capacity from the 60 million range and unlocking what proponents say is up to 10,000 TPS-equivalent throughput under realistic workloads.
The Full EIP BundleThe devnet-0 spec published by the EF's pandaops team lists the included proposals. Beyond ePBS and BALs, the package contains EIP-7708 (ETH transfers and burns emit a log), EIP-7778 (block gas accounting without refunds), EIP-7843 (a SLOTNUM opcode), EIP-7954 (raising the maximum contract size from roughly 24 KiB to 32 KiB), EIP-7975 (eth/70 partial block receipt lists), EIP-8024 (backward-compatible SWAPN, DUPN and EXCHANGE opcodes), EIP-8037 (state-creation gas-cost increase), and EIP-8159 (eth/71 Block Access List Exchange).
The bundle resolves a debate that ran through several All Core Devs calls this spring over whether ePBS and BALs were too ambitious to ship together. The May 2026 finalization of EIP-8037, which sets a fixed cost per state byte and dedicates a separate gas reservoir for state growth, was the final piece that gave client teams a sustainability ceiling under which a 200M gas limit could be raised without bloating the database past 120 GiB per year.
The Two HeadlinersePBS pulls block-building duties into the consensus layer, separating the validator that proposes a block from the builder that constructs the execution payload. The handoff is currently mediated by off-protocol relays like MEV-Boost, which the ethereum.org documentation notes will become optional rather than required once the protocol natively settles builder payments. The change also widens the data-propagation window from two seconds to roughly nine, which is what unlocks the higher gas limit without forcing validators to rush block validation.
Block-Level Access Lists give every block an upfront map of which accounts and storage slots its transactions will touch, plus the post-execution state values. That lets nodes prefetch data in parallel and process non-overlapping transactions concurrently, rather than replaying them serially. BALs also enable executionless sync, where new nodes can update their state from the access-list digest without replaying the full transaction history. The projected throughput gains were laid out in earlier coverage of the framework when the design first crystallized.
Changes for UsersFor end users, the most visible change is EIP-2780, which cuts the intrinsic transaction-gas floor and is projected to make standard ETH transfers between existing accounts up to 71% cheaper. EIP-7708 also makes ETH transfers emit a log, which exchanges and wallets have wanted for years because it removes the need for custom transaction tracing.
For validators, ePBS rewrites the builder-selection process and adds a Payload Timeliness Committee that attests separately to consensus blocks and execution-payload timeliness. Staking pools will need architectural updates to monitor the new flow trustlessly, but the user-facing exit process improves through EIP-8080, which lets standard exits borrow unused capacity in the consolidation queue at a three-for-two rate.
For Layer 2s, the wider propagation window means Ethereum can carry more blobs per block, expanding the data-availability budget that rollups draw from. That continues the Fusaka direction of decoupling rollup data costs from L1 execution congestion, alongside parallel research tracks like the post-quantum key registry laid out earlier this month.
No Mainnet DateA mainnet target slot is not on the table yet. Client teams use the public testnet phase, which follows successful devnet rotation, to set the activation date. Holesky and Hoodi will fork before mainnet, and only after multi-client stability holds for several epochs across those networks.
Past forks have run two to four months of public-testnet seasoning; on that cadence, mainnet would land between September and December 2026.
The 200 million gas limit is the design target for what Glamsterdam unblocks, not a value the fork itself enforces. Validators set the limit via standard gas-vote signaling, which they currently coordinate around the 60 million range, and would step the limit up only as nodes prove they can handle the larger blocks without degraded propagation.
Key Takeaways Natural gas in Europe extended losses for a sixth consecutive trading day, approaching two-month lows An interim peace agreement between Washington and Tehran includes provisions for reopening the Strait of Hormuz Dutch TTF benchmark declined to €40.04 per megawatt hour; British gas slipped to 96.45 pence per therm President Trump issued a stern warning about resuming military operations if Iran violates the 14-point accord Qatari LNG tankers and additional vessels have started returning to Middle Eastern waters European natural gas markets witnessed their sixth consecutive day of declining prices on Thursday, with benchmarks sliding toward levels not seen since the final days of April.
The TTF Dutch front-month contract, Europe’s primary natural gas benchmark, descended to €40.04 per megawatt hour. Meanwhile, the UK natural gas contract broke below the 100-pence threshold, settling at 96.45 pence per therm.
Dutch TTF Natural Gas Calendar (TTF=F) Both key benchmarks are now trading near their lowest points in approximately two months.
The sustained price decline follows the historic signing of an interim peace agreement between the United States and Iran. The two presidents endorsed the memorandum through remote participation.
According to Pakistan’s prime minister, who helped facilitate the negotiations, the agreement ensures Iran will “instantly reopen” the strategically vital Strait of Hormuz. Simultaneously, the United States committed to “immediately lift” its naval blockade affecting Iranian port facilities.
Geopolitical Risk Premium Evaporates The Strait of Hormuz represents one of the world’s most critical bottlenecks for global energy shipments. Its effective closure had maintained an elevated war-risk premium embedded within European energy prices throughout recent months.
As the strait prepares to resume normal operations, this geopolitical risk premium has begun systematically unwinding. Natural gas valuations have trended downward since markets first detected signals suggesting a diplomatic breakthrough was imminent.
The interim framework additionally establishes a permanent cessation of hostile activities. It launches a 60-day window for both nations to hammer out a comprehensive final agreement addressing Iran’s nuclear development programme.
President Trump, however, emphasized that the agreement comes with strict conditions attached. He cautioned that military strikes would resume should Iran fail to honor its commitments under the 14-point memorandum of understanding.
Trader Skepticism Persists Despite the notable price correction, European natural gas valuations have not fully retreated to pre-conflict levels. This persistent gap suggests lingering market uncertainty about the agreement’s durability.
Market participants appear to be maintaining a buffer for the scenario where Trump might abandon the agreement. His explicit warning regarding potential military reengagement has preserved a degree of caution among traders.
Nevertheless, physical commodity markets are already demonstrating tangible responses. Multiple vessels have begun repositioning toward the Middle East, including liquefied natural gas tankers operating from Qatar.
Qatar holds the position as the world’s second-largest LNG exporter. The return of its tanker fleet to regional waters provides an early indication that critical shipping corridors may be reopening for commercial traffic.
European natural gas markets had endured sustained pressure throughout the conflict period. Energy trading desks maintained vigilant monitoring for any indications of diplomatic progress.
The current trading level around €40.6 per megawatt hour represents the lowest valuation recorded since April 20. This marks a substantial departure from the elevated price environment that characterized the conflict’s peak intensity.
Future price movements will largely depend on the complete operational restoration of the Strait of Hormuz and whether the 60-day nuclear negotiation period yields substantive progress.
Gas prices in the United States have dropped below $4 per gallon for the first time in over five months, following a critical US-Iran agreement to reopen the Strait of Hormuz, a vital oil shipping lane. The agreement, mediated by Pakistan, calls for an immediate cessation of military operations and the resumption of commercial shipping through the strait, which handles about 20% of the world’s crude oil. In response to the deal, global crude oil prices have seen a significant decrease, falling by nearly 5% to 8% and approaching $80 per barrel, a sharp contrast to the highs above $110 per barrel earlier in February 2026.
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The development has notably impacted prediction markets related to crude oil prices. The likelihood of crude oil reaching a new all-time high by September 30 has decreased, with current pricing suggesting an 8.5% probability, down from 17% a week ago. Markets appear to interpret the reopening of the Strait of Hormuz as a significant reduction in supply risk, influencing expectations for both short-term and long-term crude oil price increases.
Key Takeaways Market behavior suggests a decreased likelihood of crude oil reaching a new all-time high by September 30, with current odds at 8.5% YES. The US-Iran agreement to reopen the Strait of Hormuz appears to have significantly reduced perceived supply risks, leading to falling global crude oil prices. The price of gasoline in the US has responded to the agreement with a drop below the $4 mark, the first time in over five months. What to Watch Observers should monitor the stability of the US-Iran agreement and its impact on global oil markets. Any signs of renewed tensions or disruptions in the Strait of Hormuz could alter current market dynamics. Additionally, future OPEC+ production decisions and global economic indicators will be crucial in shaping crude oil price expectations. These developments could further influence the likelihood of crude oil reaching new price highs by the year’s end.
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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
TLDR National fuel prices declined to $3.999 per gallon, breaking below the $4 threshold for the first time in eight weeks. A preliminary peace framework was signed by President Trump and Iranian President Pezeshkian earlier this week. Under the agreement, Iran will reopen the critical Strait of Hormuz waterway while the U.S. removes oil sanctions. International oil benchmarks retreated, with Brent crude declining 1.9% to $78.07 and WTI falling 2.5% to $74.13 per barrel. Financial analysts at Goldman Sachs project Persian Gulf crude shipments will normalize by late July, although uncertainties persist. American motorists are experiencing welcome relief at service stations heading into the Juneteenth holiday weekend.
According to AAA data, the nationwide average fuel cost has slipped to $3.999 per gallon. This represents the first decline beneath the $4 mark in eight weeks.
While prices remain approximately 25% elevated compared to the same period last year, the swift decline of over 50 cents from the $4.515 peak recorded just four weeks earlier signals a significant reversal.
This consumer relief stems directly from tumbling oil prices across international energy markets. These commodity values shifted dramatically following a significant diplomatic breakthrough.
Earlier this week on Wednesday, President Donald Trump and Iranian President Masoud Pezeshkian formalized a preliminary peace framework. The ceremonial signing occurred ahead of the initially scheduled Friday timeline.
Key Provisions of the Agreement The 14-point framework memorandum establishes a roadmap for relations between Washington and Tehran. The accord commits Iran to reopening the strategically vital Strait of Hormuz. Simultaneously, the United States pledges to end its naval blockade of Iranian maritime facilities and terminate sanctions targeting Iranian petroleum exports.
The Strait of Hormuz represents a critical global energy chokepoint. Under normal conditions, approximately 20% of worldwide daily crude oil shipments transit through this narrow passage.
Following the diplomatic announcement, petroleum commodity prices retreated. Brent crude contracts, serving as the global pricing reference, decreased 1.9% to settle at $78.07 per barrel. West Texas Intermediate contracts dropped 2.5% to reach $74.13 per barrel.
Nevertheless, certain ambiguities persist regarding the framework’s implementation. The memorandum stipulates that commercial vessels will face “no charge” for strait passage during an initial 60-day window. While Trump indicated to journalists that the channel would remain “toll-free” beyond this timeframe, such provisions were absent from the formal documentation.
What Goldman Sachs Is Watching Energy market specialists at Goldman Sachs anticipate that crude oil shipments from Persian Gulf terminals will return to pre-conflict volumes by July’s conclusion.
However, their analysis identifies potential complications. Research analyst Yulia Zhestkova Grigsby noted in a client communication that “many shipowners reportedly remain cautious about clear guidelines for transit.”
She further emphasized that shipping industry risk aversion, combined with Iran’s strategic positioning during the upcoming 60-day nuclear framework discussions, may impede the swift restoration of standard petroleum transportation patterns.
The timeline for tanker traffic resuming conventional routing through the strait remains uncertain.
Fuel costs across the United States have now decreased by more than 50 cents compared to monthly highs, demonstrating how rapidly international crude market dynamics translate to retail consumer pricing.
The Juneteenth federal observance occurs on Thursday, June 19, positioning numerous Americans to benefit from reduced pump prices during weekend travel—the lowest rates experienced since April.
Whether this downward price trajectory continues depends substantially on the efficiency of the Strait of Hormuz reopening process and the durability of the broader diplomatic framework between Washington and Tehran.
For the first time since March 2026, the average price of gasoline in the United States dropped below the $4 mark. The catalyst: a memorandum of understanding between the US and Iran that promises to reopen one of the most important chokepoints for global energy supply.
The US national average hit $3.999 per gallon on June 18, down from levels that had been stubbornly parked above $4 for months. Brent crude fell over 4% toward $83 per barrel on the news, a dramatic swing for a commodity that had touched $120 per barrel earlier in 2026 when the conflict was at its most intense.
What the deal actually says President Donald Trump and Iranian President Masoud Pezeshkian signed the preliminary MoU on June 17-18, 2026. The core of the agreement centers on reopening the Strait of Hormuz, the narrow waterway between Iran and Oman that handles roughly 20% of the world’s oil shipments.
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The initial terms call for toll-free passage through the strait for 60 days while Iran clears mines from the waterway. That same 60-day window doubles as a negotiation period covering two of the thorniest issues in US-Iran relations: Iran’s nuclear program and sanctions relief on Iranian oil exports.
Iran has reportedly agreed to diminish its stocks of highly enriched uranium as part of the broader framework.
Oil’s wild year, in context Earlier in 2026, supply disruptions from the conflict drove Brent crude to $120 per barrel. That translated directly into pain at the pump for American consumers, with gasoline prices climbing well above $4 and staying there.
A drop from $120 to around $83 per barrel represents a roughly 30% decline in crude prices from the 2026 peak.
What this means for crypto and risk assets Bitcoin had already climbed to a two-week high above $65,500 prior to the agreement, reflecting a broader market appetite for risk that the MoU appears to have reinforced. Ether also moved higher, though specific figures were less dramatic.
The logic chain works like this: lower oil prices reduce input costs across the economy, which softens inflation expectations, which makes it less likely the Federal Reserve keeps rates elevated or hikes further. Statements from the central bank have tempered some of the enthusiasm that the geopolitical thaw might otherwise have generated.
That 60-day clock is the variable to watch. If negotiations progress smoothly and sanctions relief materializes, Iranian oil flooding back onto global markets could push crude prices even lower. If talks collapse, the Strait of Hormuz could become contested again, oil prices could spike, and inflation fears that crypto markets had started to shake off would come roaring back.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum Glamsterdam Upgrade Moves Toward 200M Gas Limit Roadmap
TL;DR Ethereum’s Glamsterdam upgrade work is moving through devnet planning ahead of a projected H2 2026 mainnet window. EIP-7732, or enshrined proposer-builder separation, is one of the key pieces being tracked by developers. EIP-7928, covering block-level access lists, is another major component tied to parallel execution and higher throughput. The headline target is a path toward a much higher gas limit, but the exact mainnet package remains subject to Ethereum’s normal testing and governance process. Glamsterdam Moves Into Focus Ethereum’s next major upgrade cycle is now turning toward Glamsterdam, a protocol package expected to define the network’s post-Pectra scaling and block-production roadmap. The upgrade is being watched closely because it touches two of Ethereum’s biggest long-running constraints: who builds blocks, and how much execution capacity the base layer can safely support.
Developer materials and EIP discussions point to enshrined proposer-builder separation and block-level access lists as two of the most important items in the Glamsterdam conversation. Together, they help frame a longer-term path toward higher throughput without simply asking every node operator to absorb more load without structural changes.
What ePBS Tries To Fix EIP-7732, commonly described as enshrined proposer-builder separation, would move part of the current external block-building market into Ethereum’s protocol design. Today, block construction often depends on external relay infrastructure and specialized actors. That system has helped the network manage maximum extractable value, but it has also raised concerns about centralization and censorship pressure.
By bringing proposer-builder separation closer to the protocol layer, Ethereum developers are trying to reduce reliance on off-protocol arrangements and create a cleaner separation between validators proposing blocks and builders assembling them. It is a technical change, but it also speaks directly to Ethereum’s decentralization goals.
Why Block-Level Access Lists Matter EIP-7928, covering block-level access lists, is aimed at making execution more predictable by identifying state access patterns at the block level. In plain English, validators and clients could get better information about what a block needs to touch before processing it. That matters because parallel execution is difficult when the system does not know which transactions are likely to conflict.
If block-level access lists work as intended, they could help Ethereum process more activity without turning every block into a heavier, less predictable burden for nodes. That is why the proposal is often discussed alongside higher gas-limit targets and broader L1 scaling.
A 200M Gas Limit Is The Big Headline The most attention-grabbing part of the Glamsterdam narrative is the potential path toward a 200 million gas limit. That would be a major increase from today’s base-layer capacity and would represent a very different Ethereum L1 if it can be achieved safely. But the wording matters: this is a roadmap and testing target, not a guarantee that every detail is locked for mainnet exactly as discussed in current devnet materials.
Ethereum upgrades usually move through a long process of specification, client implementation, devnets, testnets and final coordination. That process is slow by design. Glamsterdam is important because it shows the network is still trying to scale the base layer itself, not only pushing activity to rollups. The risk is that aggressive capacity increases without careful client and node work could weaken the decentralization properties Ethereum is trying to protect.
This article was written by the News Desk and edited by Samuel Rae.
Ethereum gas fees rank among the most discussed aspects of the network, yet users often misunderstand them. Network demand plays a major role, but several technical mechanisms work together to set the final cost of any transaction.
Gas fees exist because every action on Ethereum consumes computational resources. When a user sends ETH, swaps tokens on a decentralized exchange, mints an NFT, or interacts with a smart contract, validators must process and verify that activity. Gas fees compensate those validators for securing the network, and they deter spam and abuse.
Understanding what drives these costs means examining Ethereum’s fee structure, transaction complexity, block space demand, and the protocol upgrades of the past two years.
Ethereum’s Gas Model and the Base Fee Mechanism Gas measures the computational work required to execute an operation on Ethereum, and every transaction consumes a set amount depending on what it does. Since the EIP-1559 upgrade went live in August 2021, Ethereum has run a dual-fee system built on a base fee and a priority fee.
The protocol sets the base fee automatically, adjusting it according to network congestion, then burns it rather than paying it to validators. Burning the base fee removes ETH from circulation and makes fee estimation more predictable. The priority fee, or tip, goes directly to validators. Users raise this amount to encourage faster inclusion, especially when demand spikes.
The network calculates the total fee as gas used multiplied by the sum of the base fee and the priority fee. As blocks fill up, the protocol raises the base fee, and when demand falls, it lowers the base fee. This automatic adjustment lets Ethereum respond to changing conditions without forcing users to guess the right amount.
Competition for Block Space Drives Most Fee Spikes Competition for limited block space remains the single largest influence on Ethereum gas fees. Each block currently targets around 30 million gas and can expand toward a 60 million gas limit, a ceiling validators raised in late 2025 and one they can lift further through signaling. Because that capacity stays finite, users compete for inclusion whenever activity surges.
Demand tends to spike during major market rallies, large token launches, NFT mints, memecoin speculation, DeFi liquidation cascades, and heavy decentralized exchange trading. When thousands of users submit transactions at once, validators prioritize the ones offering higher fees. That bidding war pushes both priority fees and base fees upward.
A simple ETH transfer stays cheap during quiet periods, yet the same transfer can cost far more during intense activity as users raise their tips to jump the queue. Fees climb sharply even when the transaction type never changes.
Transaction Complexity Changes How Much Gas You Burn Ethereum transactions do not all consume the same amount of gas. A standard ETH transfer needs 21,000 gas units, one of the simplest operations on the network, while smart contract interactions demand far more computational work. Token swaps, lending and borrowing, yield farming, NFT minting, governance voting, and cross-chain bridge interactions all fall into the heavier category.
Every smart contract holds code that Ethereum Virtual Machine nodes must execute, and each instruction carries a predefined gas cost. A transaction that touches multiple contracts can trigger many calculations, storage updates, and state changes, and the more operations involved, the more gas it consumes. Two transactions sent at the same moment can therefore cost very different amounts. Even at an identical gas price, the transaction that burns more gas units carries the higher total fee, so application complexity often matters as much as congestion.
Layer 2 Activity, Blob Space, and Recent Scaling Upgrades Ethereum’s fee market has shifted as Layer 2 networks such as Arbitrum, Optimism, and Base have grown. These networks process transactions off-chain, then publish compressed data back to Ethereum, which turned them into major consumers of block space. The Dencun upgrade changed that dynamic in March 2024. It introduced proto-danksharding through EIP-4844 and created a new storage mechanism called blobs, a dedicated market for Layer 2 data that sits separate from execution gas. Blobs let rollups post data far more cheaply and pushed fees down across the scaling ecosystem.
Two further upgrades extended the trend. Pectra arrived in May 2025, doubling blob capacity and raising the gas limit. Fusaka followed in December 2025, introducing PeerDAS through EIP-7594 so validators verify blob data by sampling small portions rather than downloading every blob. Fusaka also lifted the gas limit toward 60 million and added blob-parameter-only forks that keep raising blob capacity without a full hard fork. These changes cut Layer 2 costs again, though blob demand still fluctuates, and competition for blob space may grow into a larger force in Ethereum’s fee economy as rollup activity climbs.
Conclusion A mix of factors sets Ethereum gas fees rather than any single variable. The base fee mechanism tracks congestion, priority fees let users accelerate inclusion, competition for block space drives the sharpest spikes, and transaction complexity decides how much gas each operation burns. EIP-1559, Dencun, Pectra, and Fusaka have made the fee market more efficient and predictable, while Layer 2 networks continue to lower costs for everyday users.
Frequently Asked Questions (FAQs) Why are Ethereum gas fees so high sometimes?
When many users compete for limited block space during rallies, token launches, or NFT mints, they bid up priority fees, and the protocol raises the base fee in response.
What is the difference between the base fee and the priority fee?
The base fee is a mandatory, protocol-set amount that Ethereum burns, while the priority fee is an optional tip paid directly to validators to speed up inclusion.
Why does an ETH transfer cost less than a token swap?
A transfer uses 21,000 gas, but a swap executes more smart contract code, consuming more gas and producing a higher total fee.
Did the Dencun and Fusaka upgrades lower gas fees?
They mainly reduced Layer 2 costs by creating and expanding blob space, while base-layer Ethereum fees still depend on execution demand.
Can I avoid high gas fees?
Transacting during quieter periods, moving activity onto Layer 2 networks, or setting a lower priority fee when speed is not urgent all reduce costs.
Key Takeaways Crude oil declined more than 1% Wednesday following diplomatic progress between Washington and Tehran and increased maritime activity in Hormuz Vessel transits through the strategic waterway increased nearly threefold in seven days, from 32 to 93 crossings The nationwide average for gasoline stands at $3.93 per gallon—down from $4.02 seven days earlier but approximately $1 higher than pre-conflict rates The president publicly blamed petroleum companies for exploiting consumers and directed federal prosecutors to examine industry practices Financial analysts at Macquarie reduced their 2026 WTI projection to $77 per barrel from an earlier estimate of $89 President Trump has escalated his rhetoric against major oil producers, warning them to accelerate fuel price reductions or face potential Department of Justice scrutiny for alleged consumer exploitation.
🇺🇸 Trump to Big Oil: Drop your prices NOW or you're f*ked!!
Fed up with gas prices still being sky high, and killing him in the polls, Trump's ordered the DOJ to investigate
He says the price Big Oil is paying for crude is dropping like a rock while the price at the pump isn't… pic.twitter.com/M8ghQtmSEW
— Mario Nawfal (@MarioNawfal) June 24, 2026
In an early-morning post on Truth Social, the commander-in-chief expressed frustration that declining crude costs aren’t being reflected quickly enough at filling stations across America.
“Gasoline prices better start going down a lot faster than what I’m seeing,” the president declared.
Pump Prices Declining Gradually AAA data shows the nationwide average for regular unleaded reached $3.93 per gallon on Wednesday. This represents a decline from $4.02 recorded the previous week and significantly below the $4.50 peak reached last month during Iran’s closure of the Strait of Hormuz, which sent crude futures soaring.
Consumers saw relief last Thursday when prices dropped beneath the $4 threshold for the first time since late March. Nevertheless, current rates remain roughly one dollar above pre-war baseline figures.
Trump has consistently pledged that motorists would see substantial savings following the conclusion of hostilities. An interim diplomatic agreement was finalized last week.
Whether federal prosecutors have officially launched an investigation or identified specific companies for examination remains uncertain.
Energy Markets React to Hormuz Reopening Global oil prices extended their retreat Wednesday. Brent crude futures declined over 1.8% to settle at $75.65 per barrel. West Texas Intermediate decreased 1.2% to $72.31 per barrel.
Tuesday marked Brent’s lowest settlement since before military confrontations with Iran commenced.
The downturn follows dramatic improvements in shipping activity through the Strait of Hormuz, a critical chokepoint that typically facilitates roughly one-fifth of worldwide petroleum transport.
Maritime data provider Kpler reported that total vessel movements through the strategic passage climbed from 32 during the June 12–14 period to 93 between June 19–21.
Tehran announced last week that unrestricted passage through the strait would resume without tolls as part of the diplomatic settlement. The arrangement also permits Iran to resume international oil sales without sanctions.
Market Forecasters Adjust Expectations Downward Macquarie’s research team revised its average WTI projection for 2026 downward to $77 per barrel from $89.
Strategist Peter Taylor suggested the petroleum market could stabilize more rapidly than conventional wisdom suggests now that Hormuz restrictions have been lifted.
Taylor noted that alternative supply routes established during the crisis may have enhanced the global distribution network’s resilience and adaptability.
Last month, GasBuddy’s petroleum analysis director indicated that while Hormuz’s reopening would trigger immediate price adjustments, retail gasoline might not return to pre-conflict levels for several months.
Bloomberg energy columnist Javier Blas commented on the president’s social media statement, suggesting Trump had “just discovered the refining and marketing margin.”
Prom, a zkEVM L2 solution, has recently announced its latest collaboration. As per the company it has started a strategic partnership with Automata Network in an endeavor to make advancements in the wider blockchain technology. The collaboration focuses on upgrading the infrastructure of Prom while attempting to provide a comparatively effective framework.
Prom Partners Up with @AutomataNetwork
Welcome Automata Network, a modular attestation layer that extends machine-level trust to Ethereum.
The partnership fosters the upgrade of Prom's infrastructure, offering a more efficient framework.
Dive deeper👇… pic.twitter.com/LYgAM1jCQ0
— Prom (@prom_io) March 18, 2024 Prom and Automata Network Start a Strategic Partnership to Start Blockchain Innovation The respective partnership additionally widens the firm’s series of developer instruments for the developers. The respective tools would permit the developers to develop on the Prom’s top with convenience. The L2 solution of Prom leverages the ZK stack, which is a technology that emerges as a frontrunner in security.
It ensures complete data privacy throughout the transfers. While discussing this endeavor, Prom asserted that it provides significant attention to trust in each of its Web3 solutions. Particularly, it discussed the L2 products as they can provide scalability while sustaining the settlement layer’s security level. In this regard, Automata plays a crucial role by benefiting from confirmable on-chain attestations. Proof of Machinehood takes the credit of supporting them.
Automata provides a solution to the matter of Sybil and bot attacks. In this respect, it validates the legitimacy of a device that communicates with the blockchain. After the establishment of trust on the hardware scale, it can extend across blockchain ecosystems including Ethereum. Solutions that Automata provides fit locally with Web3 apps and offer an immutable Web3 trust chain.
The Collaboration Will Introduce Tools Supporting Testnet and Mainnet Launch In addition to this, the platform provided details about the potential targets of the collaboration. In this respect, it revealed that the collaboration has already paved the way for a few cutting-edge instruments for testnet. These tools additionally provide support for the impending mainnet launch to improve the consumer experience while highly focusing on security.
This displays the integration of ZK technology’s potential with the solutions of Automata for a more secure and better blockchain ecosystem. Prom’s modular ZkEVM L2 solution provides interoperability across diverse chains. They take into account both EVM as well a non-EVM compatible networks.
The platform provides the proof of transfers to the other chains on the selected Settlement chain’s top. This creates a bridge between the diverse ecosystems. While pointing out the latest prospect, Prom expressed optimism. It noted that this would lead to other exclusive possibilities related to the ZK technology.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
1RPC, a prominent Web3 relay service by Automata Network, has recently announced its support for Axelar. It is a cutting-edge programmable Web3 interoperability platform. This development marks a significant milestone in the Web3 world. It expands the number of supported networks on the 1RPC Web3 relay to a total of 55. An innovative platform from Axelar supports the next generation of web apps, allowing billions of people to use them.
1RPC Enables API Key Creation for Axelar Users to Personalize Web3 Experience Users can now connect to an Axelar mainnet-only public endpoint since 1RPC now supports it. Users can use the Web3 relay with one click, and this seamless integration makes connecting to 1RPC on Axelar easier. The Axelar 1RPC URL can be found by searching “Axelar.” in the 1RPC dashboard. They can use the full Web3 relay on the Axelar network by adding this URL to their wallet settings.
1RPC allows users connect to the Axelar mainnet and create API keys using their wallet credentials. This personalized approach enables users customize their Web3 relay experience. 1RPC’s Plus plans offer higher rate limits and testnet support, giving users more flexibility.
1RPC’s Web3 relay has great security features like phishing-preventing transaction sanitizers. These transaction sanitizers protect Web3 users from phishing, scams, and fraud. 1RPC blocks suspicious transactions to protect Web3’s integrity. This ensures a smooth and safe user experience.
Axelar Foundation Backs 1RPC-Axelar Collaboration for Web3 Interoperability The non-profit Axelar Foundation, which encourages the network’s adoption and growth, supports the 1RPC-Axelar partnership. Using its decentralized interoperability network, Axelar aims to connect many blockchain ecosystems and make platform collaboration easy. 1RPC is working with Axelar to improve Web3 interoperability and scalability to help the decentralized web grow and mature. Additionally, 1RPC supports Axelar, a modular attestation layer that increases Ethereum trust.
As the Web3 ecosystem grows and changes, security and interoperability are crucial for innovation and adoption. 1RPC helps shape the decentralized web by making it easy to connect to multiple blockchain networks and implementing strong security measures. 1RPC leads the Web3 revolution by focusing on quality and innovation. In this way, it makes it easy and safe for users to participate in the decentralized economy.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Automata Network, a leading provider of innovative blockchain solutions, has joined forces with Babylon to advance Trusted Execution Environments (TEEs) research. Through this partnership, Automata wants to bolster multi-prover security using staked *BTC*. TEEs are specialized hardware capable of isolating code and data. TEEs ensure privacy and verifiability even in decentralized systems.
Automata Network’s Collaboration with Babylon’s Bitcoin Staking Protocol Babylon is known for its trustless and self-custodial staking protocol for Bitcoin. It aims to create a Bitcoin-secured decentralized world. Their latest protocol enables the staking of idle Bitcoins without sending them to third-party addresses, enhancing security and earning PoS rewards.
In response to the growing interest in zero-knowledge rollups within the blockchain community, Automata has developed a multi-prover system with Scroll. This system, leveraging Intel SGX, ensures only correct proofs are accepted, maintaining decentralized systems’ integrity.
By integrating Babylon’s Bitcoin staking mechanism into the multi-prover infrastructure, Automata adds a layer of cryptoeconomic security. This discourages potential attackers and incentivizes honest behavior among prover operators.
Automata and Babylon Join Forces to Unlock Enhanced Blockchain Security The collaboration between Automata and Babylon sets the stage for reducing trust assumptions and maximizing security across the blockchain ecosystem. It combines the integrity-enforcing capabilities of TEEs with Bitcoin staking’s robust economic security.
Furthermore, the partnership aims to further TEE research in the Web3 space. Automata and leading projects like Flashbots and Microsoft Azure are exploring the transformative potential of TEEs to enhance blockchain security and integrity.
Automata Network’s Proof of Machinehood approach extends machine-level trust to Ethereum using optimistic rollups and zero-knowledge proofs. Their application-specific rollup ensures on-chain verification for out-of-protocol computation. In this way it establishes a seamless chain of trust throughout the Web3 stack. By collaborating with Babylon and other industry leaders, Automata demonstrates its commitment to pushing the boundaries of TEE technology.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Automata Network, a platform that provides private web facilities to dApps, has recently announced an exclusive development. The company has disclosed the launch of Horizen EON, an EVM-compatible sidechain that runs a smart contract forum focusing on scalability, on 1RPC. 1RPC operates as a Web3 relay that intends to safeguard the privacy of the consumers.
EON Launches on 1RPC, Says Automata Network The company disclosed the development in a recent blog post. The firm mentioned that 1RPC shields the metadata of the consumers from any leakage and exposure. In addition to this, the company has revealed that 1RPC has effectively relayed more than twenty billion requests up till now. The consumers just need to follow three simple steps to utilize the Horizen 1RPC endpoint.
In this respect, the initial move is to go to the search bar of the dashboard and type “Horizen EON” there. The next step is to click the Wallet icon concerning Horizen EON. Following that, the consumer needs to authorize the wallet message. As a result of this, the user can start utilizing the Horizen 1RPC endpoint. For consumers looking for additional granular control as well as more customization, 1RPC Plus provides more features.
The Launch Offers Cutting-Edge Functionalities to the Users For this purpose, it includes cutting-edge anti-phishing functionalities like transfer sanitizers. The respective things prevent likely suspicious or malicious transfers before they take place. This would be assistive in properly safeguarding the funds of the users.
Automata Network works as a layer for modular attestation. It broadens machine trust in the Ethereum network with the help of TEE Coprocessors. By using Proof-of-Machinehood, a worldwide decentralized machine attestation network assists rollups to realize an Ethereum-aligned future. EigenLayer-based TEE AVS are secured under hardware root-of-trust as well as cryptoeconomic security.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Automata Network, a well-known forum offering private web facilities to Web3-based dApps, has recently announced an exclusive development. As per the company, it has joined forces with Puffer Finance (a restaking instrument that streamlines liquid restaking procedure) to operate on Secure Signer. The company took to X to reveal the news of this collaboration.
Very happy to be working with @puffer_finance on Secure-Signer to protect staking workflows using secure hardware ✧
Secure-Signer leverages Trusted Execution Environments (TEEs) and is the recipient of an @ethereum foundation grant.
Tap in ↓https://t.co/Ne5uefiiL6
— Automata Network (@AutomataNetwork) May 27, 2024 Automata and Puffer Collaborate for a Joint Work on SGX-Based Secure-Signer In addition to the announcement on the social media platform, the firm also published a blog post on its website. It noted in its blog post that the platform will contribute to the Secure-Signer and further its development. Puffer is reportedly providing grant support for the respective project. According to Automata, Puffer operates as a remote signing anti-slashing tool. It reportedly leverages Trusted Execution Environments (TEEs).
Apart from that, it also works as an Ethereum Foundation Grant recipient. Automata pointed out that Secure-Signer presently operates in a secure enclave Intel SGX that leverages Remote Attestation Verification smart contracts. The project uses them to remotely verify the SGX attestations on the chain. As the reports reveal, Intel has a strategy to censure Enhanced Privacy ID by next year’s start.
Following that, it will base the next attestation workflows on Data Center Attestation Primitives. In the case of DCAP attestations, Automata has reportedly open-sourced a verifier on Solidity. Solidity runs as a resilient programming language that the developers use to build dApps for the biggest developer ecosystems. Validators take part in a protocol’s coordination and consensus.
Validators Can Operate Multiple Nodes with One Key to Avoid Downtime Penalties Additionally, they mainly deal with signing just non-slashable messages and the optimization of uptime. Keeping that in view, if a validator infringes the network rules, the platform can pose a financial penalty for that. Hence, the validators looking to evade downtime penalties can operate multiple nodes while using the same key. The platform assured that it would keep on working in close collaboration with the team behind Puffer.
In this way, it will reportedly contribute to enriching development and work on Secure-Signer. Along with that, it added that Puffer has additionally secured the Multi-Prover AVS of Automata with above 18,000 $ETH tokens that are restaked. In this respect, the AVS of Automata lies among the earliest onboarded projects on the liquid restaking forum.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Automata is a high-performance computing protocol that empowers Web 3.0 applications and businesses with privacy, high assurance, and seamless operations. Its mission is to provide the functionalities and infrastructure necessary to realize a flawless Web 3.0 experience.
According to the statements, Automata’s products include:
Privacy-first cross-chain service plane: Automata offers privacy services for various blockchains that allow users to control their data.Protected and unbiased computation plane: The privacy level of computation on Automata can be stronger than centralized web services like AWS.Elastic and scalable control plane: Operated by a set of shared nodes, it manages interactions among protocol participants.Ledger plane: Automata provides interfaces for processing data and cooperating atomically and privately on an agreed dataset for multiple blockchains.Automata Network aims to be recognized as the go-to privacy service for DeFi and Web3 with its privacy middleware proposal. It seeks to fill a market gap by offering privacy-focused solutions that integrate intuitively and seamlessly with the existing blockchain infrastructure. Its applications are built for Web3 purposes and include anonymous voting, miner extractable value (MEV) minimization, and do-not-track indexing. These allow users to transact securely, regain control of their identity, and provide better building blocks for developers with open-source code and APIs.
The anonymous voting service is called Witness and offers low-cost, off-chain voting, on-chain execution, and varying levels of privacy from private to public based on the protocol’s requirements. The solution supports Ethereum, Binance Smart Chain, and other Substrate-based EVM-compatible chains. Each of these functions can be used independently or together, for example, if a project wants to use Witness as a signaling tool without on-chain execution.
Conveyor is Automata’s MEV minimization solution that is chain-independent and works seamlessly with DEXs like Uniswap. It takes and executes transactions in a specific order, creating a front-running free zone that eliminates transaction reordering chaos. Features include gas fee-free transactions, front-running prevention, order privacy, and integration with other DEXs.
How to Buy ATA Coin?ATA Coin can be purchased quickly and securely via Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy ATA Coin, one first needs to sign up for Binance and then send fiat currency. After sending fiat currency such as USD, one can purchase ATA Coin in the Binance Coin (BNB), Tether (USDT), BUSD, and Bitcoin (BTC) ATA trading pairs.
In addition, users can place buy orders at a lower value rather than just the market value on Binance. To do this, you just need to use the Limit tab and enter the amount you want to buy and the price you want to buy it at.
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.
Automata Network is a decentralized service protocol that provides middleware-like privacy services for dApps on Ethereum $1,623 and Polkadot, enabling users to achieve privacy, high certainty, and seamless computation.
What is Automata (ATA)?Automata Network was founded by industry professionals and researchers with experience from Zilliqa, LongHash, and the National University of Singapore. Established in 2019, Automata Network received a Web3 Grant (2020) and participated in Web 3.0 Bootcamp (2020), Berkeley Blockchain Xcelerator (2021), and presented at Polkadot Decoding Mainstage (2021). Its investors include KR1, Alameda Research, IOSG Ventures, Divergence Capital, Genesis Block Ventures, and Jump Trading.
Automata Network acts as a decentralized service protocol that provides a privacy middleware layer for decentralized applications (dApps) running on various blockchains. It enables multiple privacy use cases, such as Anonymous Voting and Miner Extractable Value (MEV) reduction, using the latest cryptography, privacy-preserving techniques, and trusted execution environments.
Conveyor, an MEV method developed by Automata Network, aims to create a front-running free zone by taking transactions in a predetermined order and outputting them accordingly.
Proposals, platform upgrades, and network settings can all be created and voted on by ATA token holders. Miners, computation, and storage miners earn ATA tokens by running applications and processing transactions for network users. Additionally, users pay miners with ATA tokens for tasks like data storage and computation.
The platform’s storage solution, Witness, currently supported by Plasm, Clover Finance, Crust, Bounce Finance, MathWallet, and Celer Network, was launched in April 2021.
Where to Buy ATA Coin?Automata Coin can be securely traded on Binance, the world’s largest cryptocurrency exchange by trading volume. Automata Coin is available on Binance under the pairs ATA/BTC, ATA/USDT, ATA/BNB, and ATA/BUSD.
To purchase ATA, first register on the Binance exchange. After completing registration, transfer cryptocurrency or fiat currency to your Binance wallet. Once the transfer is complete, you can purchase ATA Coin from any of the three pairs listed above. For purchasing with the ATA/USDT trading pair, go to this pair’s interface. In the interface, enter the desired amount in the limit section, and then confirm the purchase by placing a Buy ATA order.
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.
Token unlock events release previously restricted tokens, often tied to fundraising agreements. These events are planned carefully to manage market impact and support price stability.
Here are five important token unlocks scheduled for today and the upcoming week.
XRP Although XRP had no scheduled vesting period today or in the common weeks, it experienced a surprising token unlock today on February 2.
Data from Whale Alert showed that 400 million XRP tokens – worth around $1.13 billion – were unlocked today by Ripple. However, the entire supply of the unlocked tokens won’t enter the market.
Ripple will only use a small portion of the tokens to select activities. The remaining tokens will be locked back into custody.
However, such a major token unlock could potentially impact the XRP price in the market.
XRP Token Unlock Today. Source: Whale AlertXRP is currently the third-largest cryptocurrency in the market, with a capitalization of over $160 billion. Despite a 300% rally since Trump’s election victory in November, XRP has shown some bearish signals in recent weeks.
Jito Labs (JTO) Unlock Date: February 7 Number of Tokens to be Unlocked: 11.3 Million JTO Current Circulating Supply: 289.4 Million JTO Jito Labs is a leading Solana MEV (Maximum Extractable Value) infrastructure company. It develops high-performance systems to improve the Solana blockchain’s efficiency and performance.
The company offers a liquid staking solution, allowing users to stake SOL tokens and receive JitoSOL in return. The JTO token is the governance token for the Jito Network, allowing holders to participate in key decisions shaping the network’s future.
JTO has a total supply of 1 billion tokens. Currently, around 289.4 million JTO tokens are in circulation. On February 7, the network will unlock an additional 11.3 million tokens worth around $33,89 million.
According to Cryptorank data, these tokens will be distributed to the network’s core contributors and investors.
JTO Unlock. Source: CryptorankGalxe (GAL) Unlock Date: February 5 Number of Tokens to be Unlocked: 5.18 Million GAL Current Circulating Supply: 127.7 Million GAL Galxe is a decentralized super app and Web3’s largest on-chain distribution platform. The platform offers various applications, including Galxe Quest, Galxe Compass, Galxe Passport, and Galxe Score, which enable user engagement and credential management.
The native utility token of the Galxe ecosystem is the GAL token, which powers transactions and serves as the gas token on the Gravity chain.
Galxe has a total supply of 200 million GAL tokens, with 70.5% token, around 127.7 million currently in circulation. On February 5, the network will unlock an additional 5.18 million GAL tokens.
The newly unlocked tokens will be distributed across the ecosystem. The lion’s share of the unlocked tokens – around 3.2 million – will go to investors or growth backers. The rest of the GAL tokens will be distributed among the community members, project team, partners, and advisors.
GAL Unlock. Source: CryptorankTARS AI (TAI) Unlock Date: February 2 Number of Tokens to be Unlocked: 26.7 Million TAI Current Circulating Supply: 586.6 Million TAI TARS AI is an AI-driven platform on the Solana blockchain that facilitates seamless Web2 to Web3 transitions with scalable solutions.
TAI has a total supply of 1 billion tokens, with 59.4% still locked. Today, February 2, an additional 2.68%—26.7 million TAI tokens—will be unlocked. The tokens will be distributed among all major stakeholders of the platform.
The largest portion will be distributed to the platform’s ‘AI to Earn’ feature. The rest will be distributed among liquidity and market makers, project teams, community airdrops, and investors.
TAI Unlock. Source: CryptorankNeutron (NTRN) Unlock Date: February 3 Number of Tokens to be Unlocked: 9.96 Million NTRN Current Circulating Supply: 284.8 Million NTRN
Neutron (NTRN) is a permissionless smart contract platform built using Tendermint and the Cosmos SDK. It enables inter-chain smart contract deployment and supports Inter-Blockchain Communication (IBC) protocol.
This allows developers to create cross-chain applications with enhanced security and interoperability features.
NTRN has a total supply of 1 billion tokens, with only 22% currently circulating. The upcoming token unlock will see 9.96 million NTRN tokens worth around $2.38 million enter the market. These tokens will be distributed among team members, investors, and advisors.
NTRN Unlock. Source: CryptorankNext week’s token unlock will also include Tribal Token (TRIBL), NEON, and Automata Network (ATA), among others. Overall, around $70 million worth of new tokens will be unlocked.
Automata Network, a top platform offering decentralized infrastructure for compute integrity and privacy, has announced a new development. Automata Network is deploying DCAP Attestation v1.0.0 via UniChain Sepolia to widen the protected smart contract capabilities. The platform disclosed this initiative on its official social media account on X.
We're bringing Automata's DCAP Attestation v1.0.0 to @unichain Sepolia ✧
Builders can already integrate secure hardware into smart contracts by verifying Intel SGX and TDX enclaves across 11 networks.
Towards making TEEs a composable, trust-minimized primitive in Web3. pic.twitter.com/QS4yPtiNMq
— Automata Network (@AutomataNetwork) May 23, 2025 Automata Network Releases DCAP Attestation v1.0.0 Through UniChain Sepolia By releasing DCAP Attestation v1.0.0 through UniChain Sepolia, Automata Network is making a notable development. In this respect, it is enhancing integration of the protected hardware-based trust mechanisms apparatuses into the wider Web3 ecosystem. The update facilitates the builders developing on UniChain Sepolia, letting them use Intel’s Trust Domain Extensions and Software Guard Extensions. This enables the verification of the enclaves’ integrity in smart contracts. Enclaves denote protected execution environments working within CPUs.
This capability offers a robust tool to guarantee that contract logic is conducted in a tamper-proof and trustworthy manner. The Data Center Attestation Primitives (DCAP) Attestation v1.0.0 backs attestation across eleven diverse networks. This places it among the most widely compatible solutions operating within the Web3 landscape.
Bridging On-chain Verification and Off-Chain Computation According to Automata Network, the DCAP Attestation v1.0.0 via UniChain Sepolia underscores another move to make Trusted Execution Environments a trust-minimized and composable primitive. This plays a vital role in filling the gap between the on-chain verification and off-chain computation to unlock a unique wave of privacy-preserving and secure Web3 applications.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The latest changes in the crypto market have made investors pay attention to the next cryptocurrency to explode.
This happens while other cryptocurrencies are struggling to keep their key price levels. It’s the perfect timing for Bonk, Pepe, Ultra, and Chromia, which have been identified as potential candidates for exponential growth.
Also Read: Cryptocurrency: 3 ETH Coins To Stash Before Ethereum ETF Boom
1. Bonk (BONK)Bonk (BONK) is the Solana-based meme token, and it has seen some great increases in price, with over 24.34% increase in 24 hours. As a result, it has reached $0.00002665.
The token’s market capitalization has been raised by 24.26% to $1.83 billion. This was the direct effect of a proposal to reduce token supply and add it to the on-chain data provider Xangle.
Below, you can check out the Bonk DAO account on X, which announces their request to burn over 84 billion BONK tokens. These tokens were received from BONKBOT in Q2 and can now help with community initiative voting.
BONK DAO has received a proposal to BURN ~84B BONK from its Treasury representing the Q2 amount of BONK sent to the DAO from BONKBot.
All BONK locked on BonkRewards is now able to vote on community proposals.
Voting:https://t.co/akvJAfpCcM
— BONK DAO (@bonk_dao) July 8, 2024Is BONK going to be the next big crypto boom? Only time will tell. We will surely keep our eyes peeled, and we invite you to do the same.
2. Pepe (PEPE)PEPE has been recovering fast from its monthly lows. The frog-themed token was observed generating profits of over 15% in 24 hours, while its trading volume increased by a whopping 63%, to $1.5 billion.
This coin’s technical indicators suggest that a possible upward movement is on the horizon.
We can only speculate about what will happen with PEPE in the next few months, but it has great potential to at least contribute to the next big crypto boom.
Also Read: Solana: Bonk Dominates Market With 10% Rally: Will It Continue?
3. Pepe Unchained (PEPU)Pepe Unchained (PEPU), has surprised the crypto community with its increase in value to over $2.85 million in presale funds.
This fresh meme coin works on its own Ethereum Layer 2 blockchain and has already received 150000 in investments in just a few minutes from its launch.
The coin currently stands at $0.0083258. The $PEPU price is expected to increase to $0.00835910 in the next presale stage.
Below you can check out the official X PEPU page with a relevant post:
Pepe Unchained brings a better setup with lower gas fees and faster transaction speeds when compared with the previous coin, $PEPE. What do you think? Could this coin be part of the next big crypto boom?
4. Ultra (UOS)Ultra (UOS) is another great contender for this guide, with a clear goal to break the monopoly of Steam-like platforms in the gaming industry. And, as you can see below, it’s looking promising!
The price of UOS increased by 12.11% in the last 24 hours and has reached $0.09161. Furthermore, UOS has a market cap of $34,636,317.
Ultra has a lot of potential. It can revolutionize the way developers, players, and even influencers can take advantage of opportunities in the field. These include their ability to resell used games for example.
Also Read: Pepe Unchained: Unleashing the Future of Meme Coins with Layer 2 Speed and Double Staking Rewards
5. Chromia (CHR)Chromia (CHR) has had an impressive performance lately, adding 16.50% in value in just 24 hours, and having a Year-to-Date return of 125.41%. This growth is surprising to even the most optimistic observers.
These changes don’t come without a reason though. Chromia joined the AWS Partner Network and is planning on launching its MVP Mainnet on July 10th.
The MACD technical indicator has shown mixed results, with the green histogram on a decline, but with the averages continuing to rise.
Below you can see the official X Chromia account and their statements in these regards.
Some milestones from the #Chromia ecosystem 🎉
MVP Mainnet is coming on July 16th 👀@MyNeighborAlice hit 3.5M txs on Appnet
CoA by @alliancegamesx is already at 500K
30 node providers (& growing)
Real-world partnerships spanning fashion, sport, and more
July is gonna be big!
— Chromia | Power to the Public (@Chromia) July 8, 2024The next crypto to explode could be one of these tokens. That said, it should be noted that the crypto market has been especially volatile lately.
PANews reported on May 31 that, according to Onchain Lens monitoring, whale Loracle has closed out its short positions in BTC, LIT, TON, and VVV. HYPE short positions are still being closed, with 1.518 million HYPE short positions remaining (approximately $105 million), resulting in a loss of over $36 million. New long positions were opened in ZEC (10x leverage), ASTER, and TON (5x leverage), and the position size continues to increase.
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
1 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
1 minutes ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
1 minutes ago
Binance's Shanghai leverage contract fee rate surges to 0.66%
Market data shows South Korea's SK Hynix rose over 10% intraday. The funding rate for Binance's SKHYNIX/USDT contract pair jumped to 0.668%, equivalent to an annualized rate of 723%, signaling the market is gripped by FOMO-driven long positions.
1 minutes ago
US-listed optical module stocks rallied broadly in after-hours trading, with MRVL surging over 5%.
According to Bitget market data, driven possibly by Micron’s better-than-expected financial results, U.S.-listed optical module stocks rose broadly in after-hours trading, with COHR up 4%, LITE up 3%, AAOI up 5%, NOK up 3.1%, and Marvell (MRVL) up 5.17%.
Will Price and Delphi's Flip make the case that LIT is underpriced for what Lighter has built.
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The U.S. finally has perps, but only for centralized exchanges. That may feel like just half a step, but it buys us time to work out which onchain platforms are best positioned to capture an entirely new asset class as it lands on Wall Street.
Hyperliquid's the obvious one, and by no means a bad play. But the first onchain protocol to break ground in the U.S. probably won't be one operated out of Asia. To me, it has to come from inside the country…
...which brings us to Lighter.
Will Price, a DeFi investor and Lighter advisor, and Flip, who covers perps at Delphi Digital, came on Bankless to make the case: LIT, Lighter's token, is underpriced for what the team has built and how cleanly it lines up with where Wall Street and U.S. regulation are heading.
The Market-Maker FlywheelOne of Lighter's more interesting advantages over Hyperliquid is how it uses market makers.
The prize every exchange chases is uninformed retail flow, the benign volume that made Robinhood and Kalshi so profitable, because it's easy money for whoever trades against it. I regret to inform you that most of us are that uninformed flow.
Rather than charging retail fees, Lighter instead charges market makers for access to trade against it and uses that revenue to let everyone else open and close positions for free.
Where Wall Street Plugs InIncreasingly, the assets people most want to trade are real-world ones, stocks, pre-IPO names, and commodities, rather than crypto.
To get traders better prices on those, Lighter added a Request-for-Quote (RFQ) system that lets large market makers quote on demand instead of parking capital on the book. Traders get better fills on markets that would otherwise sit thin, and market makers get to quote them without tying up capital they'd rather use elsewhere.
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That same plumbing could eventually let large offchain institutions plug in and quote specific assets, drawn by the same retail flow. If that happens, Lighter stops competing with Wall Street's liquidity and starts merging with it, while the end user still trades for free.
Technicals and FundamentalsOn the technicals, Lighter stands tall. Its orderbook architecture runs at the lowest latency in crypto perps, around 200 milliseconds, matching or slightly exceeding Hyperliquid's speed.
Pairing that orderbook with the RFQ system also made it the first exchange to run more than one execution model at once, which Flip argues is what any venue will eventually need to capture the whole perps market, not just the crypto segment.
The fundamentals hold up just as well. Lighter routes all of its revenue into buying LIT back off the open market, buybacks Flip expects to grow as the exchange starts charging market makers more. And despite already doing about a fifth of Hyperliquid's crypto volume, LIT still trades at just 20 to 25 times revenue against Hyperliquid's 70.
Additionally, over the past quarter Lighter has been buying back LIT at more than nearly 4x the pace of Hyperliquid buying back HYPE.
Reading the Tea LeavesThe same strength on display in its technicals and fundamentals shows up in its business strategy.
Lighter listed a SpaceX pre-IPO market two weeks before Hyperliquid did, and beat it to a market for Nvidia's H100s, the AI chips everyone's scrambling for. It's already listed names like Dell and IBM, the stocks everyone’s hot for in the past few weeks, once again, ahead of Hyperliquid.
Then there's the positioning. When regulators do open perps to onchain protocols, the first through the door will likely be the ones the U.S. can actually oversee, which means those based domestically.
Lighter is a U.S. company, with LIT issued straight out of a Delaware C-corp and the platform settling in USDC, a GENIUS-compliant stablecoin. It's built to be ready the exact moment that door opens.
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Lighter [LIT], the decentralized perpetuals trading protocol, climbed 19% to a new high of $1.62.
The move came as investors reacted to growing discussion around the protocol’s plans for the U.S. market. Interest also appeared to strengthen across derivatives and spot markets.
Why is LIT rallying? The rally followed comments from Lighter founder and CEO Will Price, who confirmed the protocol’s interest in entering the U.S. perpetuals market.
Speaking during an interview on Bankless, Price said Lighter is pursuing regulatory licensing. He added that the LIT token is issued through the firm’s Delaware C-corp and that the company maintains a presence in Washington.
Price cited the size of the U.S. market as the primary motivation.
The main reason is the size of the U.S. market and our desire to participate in it.
He acknowledged that neither the SEC nor the CFTC has finalized how the sector will be regulated. Even so, Price expects industry participants to contribute to future policy discussions.
According to Price, the onshore perpetuals market represents a roughly $100 billion opportunity. He argued that blockchain-based protocols could compete effectively regardless of the eventual regulatory requirements.
Are traders betting on more upside? Market activity increased following the interview.
Data showed $63.8 million flowing into LIT perpetual markets. Funding Rates stood at 0.0325%, suggesting that long positions remained dominant.
Source: DeFiLlama At the same time, protocol earnings continued climbing. Earnings data showed cumulative earnings reaching $50.4 million.
The figure represents gross profit after accounting for incentives. Rising earnings suggested stronger protocol revenue generation during the period.
Net income allocated to token holders reached $19.05 million.
LIT on-chain data points to an upside swing On-chain data shows a strong chance that LIT swings to the upside, with a rebound likely to take hold in the near term.
At the moment, the spot market data points to a structural setup that raises the odds of a longer-run LIT rally.
Source: CoinGlass According to CoinGlass Netflow data, investors accumulated approximately $6.17 million worth of Lighter [LIT] between the 30th of May and the 2nd of June.
Sustained inflows during that period suggested buyers continued adding exposure despite the token’s sharp advance.
Combined with positive Funding Rates and growing perpetual market participation, the accumulation trend may support bullish sentiment in the near term.
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
1 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
1 minutes ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
1 minutes ago
Binance's Shanghai leverage contract fee rate surges to 0.66%
Market data shows South Korea's SK Hynix rose over 10% intraday. The funding rate for Binance's SKHYNIX/USDT contract pair jumped to 0.668%, equivalent to an annualized rate of 723%, signaling the market is gripped by FOMO-driven long positions.
1 minutes ago
US-listed optical module stocks rallied broadly in after-hours trading, with MRVL surging over 5%.
According to Bitget market data, driven possibly by Micron’s better-than-expected financial results, U.S.-listed optical module stocks rose broadly in after-hours trading, with COHR up 4%, LITE up 3%, AAOI up 5%, NOK up 3.1%, and Marvell (MRVL) up 5.17%.
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
1 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
1 minutes ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
1 minutes ago
Binance's Shanghai leverage contract fee rate surges to 0.66%
Market data shows South Korea's SK Hynix rose over 10% intraday. The funding rate for Binance's SKHYNIX/USDT contract pair jumped to 0.668%, equivalent to an annualized rate of 723%, signaling the market is gripped by FOMO-driven long positions.
1 minutes ago
US-listed optical module stocks rallied broadly in after-hours trading, with MRVL surging over 5%.
According to Bitget market data, driven possibly by Micron’s better-than-expected financial results, U.S.-listed optical module stocks rose broadly in after-hours trading, with COHR up 4%, LITE up 3%, AAOI up 5%, NOK up 3.1%, and Marvell (MRVL) up 5.17%.
Bankless co-founder David Hoffman has disclosed how he redeployed capital after selling ETH, revealing a new portfolio tilted toward VVV, NEAR, ZEC, HYPE and LIT. The move marks a notable shift for one of Ethereum’s most recognizable public advocates and has triggered debate over whether Hoffman is rotating into a new long-term thesis or chasing a different segment of the market.
In a post on X, Hoffman said he “immediately took ~50% of the capital to VVV, NEAR, ZEC, HYPE” after selling ETH. The other half, he said, was held back for dollar-cost averaging into an asset that had not already moved sharply higher.
“I left the rest as capital to DCA into something not already up multiples,” Hoffman wrote, adding that NEAR was an exception because it was “~1.40 at the time.” He then said he had completed that second leg of the rotation: “I’ve finished buying LIT with that remaining 50%.”
Why Hoffman Chose LIT As Next Major Crypto Bet The disclosure quickly shifted into a broader discussion about Hoffman’s investment thesis around LIT and Lighter, particularly after Multicoin Capital’s Kyle Samani asked why a user would choose Lighter over Robinhood. Hoffman framed the answer around product specialization, market structure and auditability rather than simply token speculation.
“The easy answer is that Robinhood is an everything platform, and Lighter is highly optimized for perps specifically,” Hoffman wrote. “Lighter has more assets, including more pre-IPO markets. Lighter doesn’t require KYC sign up, and Robinhood Perps are for only a closed group of users in the EU.”
He acknowledged one important constraint: “By contrast, Lighter is VPN blocked in the US.” But Hoffman argued that the deeper distinction is transparency. He pointed to zkLighter, Lighter’s zero-knowledge system, which he said allows end users to verify the exchange’s rule enforcement without permission.
“zkLighter is fully auditable by end users, so anyone can permissionlessly verify the exchange is following its own rules,” he wrote. “Order matching, funding, risk checks, liquidations etc are defined in zk circuits, so Ethereum verifies that they followed Lighter’s rules before accepting state updates. Bullish crypto ethos!”
For Hoffman, the auditability claim is not merely technical branding. He argued that it goes directly to trader and market-maker trust, because participants can verify that “there is no privileged party trading against users,” invoking the FTX and Alameda collapse as the relevant failure mode.
Hoffman also emphasized latency and execution cost. He claimed Lighter has “the best latency of any perp exchange” and “the best fee structure,” while pointing to third-party comparisons against Hyperliquid. On Robinhood, however, he was more cautious, saying he could not judge Robinhood perps directly because he cannot access them and would not be able to audit them in the same way.
“Maybe Robinhood, when it eventually rolls out perps, also has a 0-fee structure too,” he wrote. “But that means a tie between RH and Lighter, not a RH win.”
The debate also exposed pushback from parts of the Ethereum community. One user accused Hoffman of going “from eth maxi to the other extreme,” while another suggested he had become more of a short-term trader. Hoffman rejected both characterizations.
“The technology under all of these assets is pretty interesting too,” he replied to one critic. To another who joked about him having an investment thesis and sticking to it, Hoffman responded: “My last investment thesis I had for eight years. God forbid I get a new one!”
Asked directly about LIT versus HYPE, Hoffman said he views the position as both “beta and alpha” to HYPE. His reasoning centered on relative buybacks, product quality and regulatory positioning, citing “LIT buybacks” as moving at “2x the relative speed of HYPE Buybacks,” alongside what he described as a technically superior product, better fees, stronger latency and US domicile.
At press time LIT traded at $1.50.
LIT bulls must break the 0.786 Fib, 1-week chart | Source: LITUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 seconds ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
1 seconds ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
1 seconds ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
1 seconds ago
Binance's Shanghai leverage contract fee rate surges to 0.66%
Market data shows South Korea's SK Hynix rose over 10% intraday. The funding rate for Binance's SKHYNIX/USDT contract pair jumped to 0.668%, equivalent to an annualized rate of 723%, signaling the market is gripped by FOMO-driven long positions.
1 seconds ago
US-listed optical module stocks rallied broadly in after-hours trading, with MRVL surging over 5%.
According to Bitget market data, driven possibly by Micron’s better-than-expected financial results, U.S.-listed optical module stocks rose broadly in after-hours trading, with COHR up 4%, LITE up 3%, AAOI up 5%, NOK up 3.1%, and Marvell (MRVL) up 5.17%.
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 seconds ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
1 seconds ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
1 seconds ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
1 seconds ago
Binance's Shanghai leverage contract fee rate surges to 0.66%
Market data shows South Korea's SK Hynix rose over 10% intraday. The funding rate for Binance's SKHYNIX/USDT contract pair jumped to 0.668%, equivalent to an annualized rate of 723%, signaling the market is gripped by FOMO-driven long positions.
1 seconds ago
US-listed optical module stocks rallied broadly in after-hours trading, with MRVL surging over 5%.
According to Bitget market data, driven possibly by Micron’s better-than-expected financial results, U.S.-listed optical module stocks rose broadly in after-hours trading, with COHR up 4%, LITE up 3%, AAOI up 5%, NOK up 3.1%, and Marvell (MRVL) up 5.17%.
Lighter [LIT] suffered a sharp correction after rejecting the $1.80 resistance level, with the token falling more than 20% within 24 hours as selling activity intensified across the market.
The decline pushed LIT to around $1.38, erasing a large portion of the rally that had carried the asset to multi-month highs only days earlier. Trading activity also weakened during the sell-off, with volume dropping 17.58% to $128.6 million.
This decline in both price and volume suggested that traders had reduced participation after the rejection.
However, LIT continued holding above a key breakout region, keeping attention focused on whether buyers could stabilize the market before another wave of selling emerged.
Why are Binance traders still bullish? Despite the severe correction, Binance’s top traders maintained a notably bullish stance.
CoinGlass analytics showed that 68.75% of top trader accounts remained long, while only 31.25% held short positions. The Long/Short Ratio stood at 2.20, highlighting a significant imbalance in favor of bullish bets.
Such positioning suggested that experienced traders had viewed the recent decline as a correction rather than the beginning of a prolonged downtrend.
However, the concentration of long exposure also increased risk. If LIT failed to hold key support levels, additional downside pressure could emerge from long liquidations.
Nevertheless, the persistence of bullish positioning indicated that a large segment of traders continued expecting a recovery despite the aggressive sell-off.
Source: CoinGlass Can LIT defend its breakout structure? Following its rejection near $1.80, LIT retraced toward the $1.38 region, which aligned with a key breakout area from the recent rally. This zone now represented the first major support level that buyers needed to defend.
A sustained hold above $1.38 would keep the broader recovery structure intact and could encourage fresh buying interest.
However, a breakdown below this area would expose the market to a deeper retracement toward the $1.12 support level highlighted on the chart.
Looking at the indicator structure, MACD remained in bullish territory despite the pullback. The MACD line stayed above the signal line, while both indicators remained above the zero line.
Although the histogram had begun shrinking, bullish conditions had not completely disappeared. Therefore, buyers still retained an opportunity to regain control if support continued holding.
Source: TradingView Liquidity wall sits above the current price Liquidation data revealed a dense concentration of liquidity between $1.55 and $1.60. Several large liquidation clusters had formed within this range, making it one of the most attractive short-term targets if buyers regained strength.
Markets frequently gravitate toward areas containing substantial leverage because those zones provide liquidity for larger participants. As a result, any sustained recovery from current levels could pull LIT toward this region.
On the downside, liquidity appeared comparatively thinner below current prices, reducing the immediate attraction of lower levels.
However, failure to defend the $1.38 support area could still trigger another wave of selling pressure before buyers attempted to re-enter the market.
Source: CoinGlass Is LIT preparing for a rebound toward $1.60? Current conditions suggested that a recovery remained possible despite the sharp decline. Binance traders had continued favoring long positions, MACD had remained bullish, and LIT had still traded above a critical breakout zone.
If buyers successfully defended the $1.38 support area, price could rebound toward the $1.55–$1.60 liquidity cluster.
However, losing that support would weaken the bullish case and could shift attention toward lower support levels instead.
Lighter [LIT] climbed 10.37% over the past 24 hours to trade around $1.53 as buyers attempted to stabilize price action. The move followed a sharp 20% correction from the $1.80 resistance zone that triggered heavy profit-taking earlier this month.
Since then, renewed attention around Lighter’s AI-related perpetual contract listings and its ongoing token buyback program has coincided with improving market sentiment. Trading activity also increased, with daily volume rising 20.83% to $59.7 million.
However, the rebound has only recovered part of the recent decline, leaving the token below its previous high. As a result, LIT returned to a key resistance area that would need to give way before a broader recovery could develop.
Can reclaimed support fuel a larger rebound? After finding demand near the ascending support trendline, LIT recovered above the important $1.3825 level and continued forming higher lows. The structure remained constructive as price approached the $1.5682 resistance zone, which stood as the nearest barrier before the larger $1.80 resistance area.
At press time, the RSI climbed to 59.20 after previously cooling from overheated conditions, indicating buyers had regained strength without pushing the market into overbought territory. Meanwhile, MACD remained above both the signal line and the zero line, showing that bullish conditions had persisted despite the recent correction.
However, the histogram had started flattening, suggesting buying pressure had eased compared to the rally that preceded the rejection. If buyers secured a move above $1.5682, another test of the $1.80 zone could follow.
Source: TradingView Exchange outflows continue reducing LIT available supply Beyond price action, exchange flow data continued supporting the recovery narrative.
LIT recorded a Netflow of approximately -$390.62K on the 8th of June, extending a broader trend of tokens leaving trading venues. Such movement often reflected holders moving assets into private wallets rather than positioning them for immediate sale.
Although a single day of negative Netflows rarely determined market direction on its own, the continued absence of significant exchange inflows suggested selling pressure had remained relatively limited.
In addition, the outflow trend aligned with Lighter’s ongoing buyback activity, which has already removed more than 14.47 million LIT tokens from circulation. Therefore, exchange supply remained tighter than it was during the recent correction.
Source: CoinGlass Funding data reveals traders still lean bullish Derivatives traders also maintained a constructive stance despite the recent volatility. At press time, the OI-Weighted Funding Rate registered 0.0057%, keeping the metric in positive territory. This reading indicated that long-position holders had continued paying a premium to maintain exposure.
Unlike conditions often associated with weak rebounds, traders did not aggressively abandon bullish positions following the rejection from $1.80. Instead, positioning remained tilted toward further upside.
Nevertheless, funding levels stayed relatively moderate, suggesting leverage had not reached excessive levels. The balance could prove important because heavily crowded long trades often increase liquidation risks during pullbacks.
For now, futures participants appeared willing to support the recovery while avoiding extreme optimism.
Source: CoinGlass Is the correction finally over? LIT has recovered from its recent lows, while exchange outflows and positive funding rates have continued supporting sentiment. However, the price remained below the $1.80 rejection zone that triggered the previous decline.
A decisive break above $1.5682 would strengthen the recovery case and could open the door to another challenge of higher resistance. Until then, the recent advance would remain a recovery attempt rather than confirmation that the correction has fully ended.
Final Summary LIT recovered part of its losses but remains below key resistance levels. Exchange outflows and positive funding continue supporting the ongoing recovery attempt.
Lighter [LIT] is up about 12.52% in the past 24 hours amid a surge in the broader perpetual DEX narrative. The respective tokens in turn have seen a spike in prices.
The surge comes after SpaceX launched their Initial Public Offering (IPO) as they target raising $75 billion in funding.
Generally, the trading of IPOs on perpetual DEXes has seen a parabolic rise on platforms like AsterDEX and Lighter, among others.
Analyzing trading volume on the Lighter ecosystem As a result of the SpaceX IPO, the notional trading volume on Lighter is up 73.7% week-over-week, reaching $14.84 billion. The week before, this volume was about $8.54 billion when gauging the data for the last 30 days.
Over the last month, notional trading volume was at $45.7 billion, which was also up more than 14.5%.
Source: Token Terminal The token trading volume of LIT has increased by 120% in a month to reach $1.80 billion. Last week, this volume almost doubled from $377 million to about $657.7 million.
Source: Token Terminal This surge in trading activity has resulted in a spike in the number of holders and revenue from fees. Token holders increased by 32.5%, reaching 4.50K as of press time.
Additionally, fee revenue rose by 34% to reach $3.80 million. Despite this spike in fees, LIT trails behind Hyperliquid in terms of P/E ratio with 6.5x against 13.3x. This means that each HYPE token is generating twice as much as earnings.
As revenue grows, it creates demand for LIT, as it automatically buys back supply from the open market. The protocol directs 100% of its revenue to buybacks.
Recently, they bought about 90K LIT tokens, taking the total buybacks of this month to around 2 million. The treasury now holds more than 14 million tokens after buying 9.56 million tokens this quarter.
Can LIT price break past June’s high? LIT has also bounced off the slanting support level that has been in place since mid-May. The trendline runs from a low of $0.90 to $1.50.
The perpetual trading pair LIT/USDT on Binance is showing a buying volume of 1.28 million tokens according to the CVD. Additionally, the buyers are gaining strength, with the momentum indicator rising above 0.166 from negative territory.
Source: LIT/USDT on TradingView Therefore, with volumes and activity now returning to perp DEXes, it positions the altcoin to rally toward June’s high of about $1.80 or higher.
However, the altcoin faces a blockade at the $1.60-$1.70 zone, where it has multiple wicks. These wicks show there is selling pressure, which caused the price to decline to the $1.38 level, aligning with the trendline.
Final Summary Lighter rallied 12% after a 74% spike in Notional Trading Volume following the official launch of the SpaceX IPO. LIT price bounced off the slanting support level but is now facing resistance at the $1.60-$1.70 zone.
