Ethereum gets a new nonprofit focused on institutional adoption
A new independent non-profit, Ethereum Institutional, has launched with the goal of accelerating institutional adoption of Ethereum, its layer-2 networks and the broader ecosystem.
Crypto
Citi slashes 12-month bitcoin, ether targets as ETF flows dry up
The bank lowered its base-case forecast for bitcoin to $82,000 from $112,000 and cut its ether target to $2,240 from $3,175. It now assumes no net ETF inflows over the next year, abandoning an earlier expectation that r…
Tokenized Google stock inflated 7,700% in rare DeFi lending exploit
Tokenized equities trading platform Edel Finance paused its lending protocol on Tuesday after an attacker exploited how it priced a tokenized stock, borrowing against collateral inflated to roughly 78 times its true val…
What's next for Bitcoin and stocks? Analysts see a volatile second half
The first half of the year was defined by the AI trade. The second half may be defined by a tougher question: Which companies and assets actually stand to benefit from it?
Mysterious Solana project World unveiled as fully onchain prediction market
World, the mysterious Solana project that garnered millions of views on X with little more than a glowing globe, cryptic posts and the tagline “Trade Everything,” is now live as a fully onchain prediction market inside …
Bitcoin opens the third quarter in an historical red zone after rare losing first half
The largest cryptocurrency fell 22.2% in the first quarter and another 14.09% in the second, according to Coinglass data, and was trading just above $59,000 on Wednesday as the third quarter began.
Europe is rewriting its landmark crypto rulebook MiCA as hard July 1 deadline passes
The European Union's (EU) transitional grandfathering period under its Markets in Crypto-Assets (MiCA) regulation ends on July 1, forcing crypto-asset service providers (CASPs) who have yet to attain full licensing unde…
Ark Invest bought more than $75 million of crypto shares during June bloodbath
Ark Invest has a tendency to load up on shares in cryptocurrency companies when their prices are depressed, and June was no exception.
XRP, HYPE funds are the bright spots as investors flee bitcoin, ether ETFs
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Bitcoin options traders load up on $50,000 puts and gold futures flash a death cross
Ether (ETH) is at $1,580, having also experienced a slight relief bounce since 01:00 UTC.
Aave logs biggest network-growth day in nearly 5 years as DeFi interest returns
Aave, one of the largest decentralized lending protocols by locked value, recorded its strongest day of new-wallet creation in almost five years on June 30, a sign of fresh interest in the AAVE token even as the wider c…
Bitcoin’s 20% June crash looks even deadlier on the charts. Here’s why
The June candlestick, a charting tool summarizing entire month's price action into a single visual, looks like a solid red brick with virtually no wicks, a clear sign of complete and "uninterrupted" bear dominance throu…
Live markets: U.S. spot bitcoin ETFs had their worst month ever in June, shedding $4.5 billion
U.S. spot bitcoin ETFs recorded $4.5 billion in net outflows in June, their worst month since launching in January 2024, per SoSoValue data.
Anthropic restores AI models Fable, Mythos after the U.S. lifts export controls
Anthropic is restoring access to its two most advanced AI models after the U.S. government lifted the export controls that forced it to pull them last month.
Why Poland is the only EU country where crypto firms can't get a MiCA license
Polish crypto firms are being forced to seek licenses abroad or risk shutting down after President Karol Nawrocki refused to sign legislation giving the country’s financial regulator authority to issue licenses under th…
XRP holds above $1 after leverage flush as network activity improves
XRP is still pinned near $1, but the selling pressure is no longer coming from the same crowded leverage that drove the earlier decline. The token slipped 1% over the session, then bounced from support as open interest …
Taiwan’s sweeping crypto law raises the bar with licensing, reserve mandates, and tough penalties
Taiwan has taken a major step forward in overseeing its digital asset sector by enacting comprehensive new regulations for cryptocurrency operations.
U.S. senators seek to block foreign adversaries from AI technology in new bill
The U.S. Commerce Department would have more authority to shield domestic artificial intelligence technology from the supply chains of foreign adversaries in a bill introduced Tuesday by two Republican senators who've b…
Trump pocketed more than $1 billion from crypto ties as industry headed toward slump
President Donald Trump earned more than $1 billion from crypto sales and royalties last year while living in the White House and pursuing aggressively pro-crypto policies in his administration.
Phantom doubles down on perpetual futures with hire of Hyperliquid market builders
The team behind one of Hyperliquid's highest-profile private-company trading projects has found a new home.
Companies spending the most on AI are growing jobs, Ramp study finds
Ramp, a financial operations platform, said companies making the largest investments in artificial intelligence are expanding their workforces rather than shrinking them, according to a new study that challenges the nar…
Why OpenUSD's 'real threat' that tanked Circle stock still faces a steep uphill battle for adoption
Circle shares (CRCL) cratered on Tuesday after the new Open USD stablecoin network rattled investors, but analysts say it's too early to conclude the consortium poses a serious threat to USDC.
SEC giving novel ETFs a rethink as it opens comment period on overhauling U.S. rules
The U.S. Securities and Exchange Commission is reexamining how it approaches novel exchange-traded funds, including those focused on crypto, and is inviting public input on its automated system to approve them.
Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud
A U.S. judge sentenced Chinese businessman Miles Guo, the billionaire behind the fraudulent crypto venture Himalaya Coin, to 30 years in prison, long after a trial jury found the well-connected defendant was guilty of s…