News linked to both this project and an event.
According to CoinDesk, Wall Street bank Cantor Fitzgerald issued a research report indicating that the crypto market is entering the final phase of the current bear cycle. As of June 10, Bitcoin has declined approximately 51% from its 2025 peak, with 252 days having passed since the peak. Synthesizing the past three market cycles, BTC bottoms on average 384 days after the peak; based on this, the low point of this cycle is projected to appear around the end of October. Analysts also noted that the model is not a precise timing tool, and macro, regulatory, and geopolitical risks remain. Regarding network value assessment, Cantor believes Hyperliquid is the prime example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum serves as the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.
Odaily News: Former Ethereum Foundation researcher and Ethlabs member Ansgar Dietrichs stated on Laura Shin’s Unchained podcast that ETH, after failing to break through the $5,000 mark in five years, still lacks a clear value narrative. Ethlabs was established on June 22 by five former Ethereum Foundation researchers and is supported by Bitmine, Sharplink, and Consensys founder Joe Lubin. On-chain analytics firm Cryptoquant reports that over 32% of the total ETH supply, approximately 39.5 million ETH, is currently staked, while exchange balances continue to decline. The firm also noted that Ethereum’s daily active addresses and smart contract activity have reached record highs, yet the price of ETH has fallen more than 50% from its cycle high.
去中心化稳定币 USDD 宣布与 Gate DEX 联合推出的新一期双链奖励金活动已于 6 月 30 日正式上线。该活动于 6月 30日 18:00至 7月 30日 18:00（新加坡时间）期间举行，覆盖以太坊和 BNB Chain 两条公链。其中，以太坊链上活动提供基础 4%年化收益和 20,000 USDD 奖池；BNB Chain 链上活动提供基础 4%年化收益和 30,000 USDD 奖池，并能叠加 Gate DEX 多业务线“开门红”礼金及 USDD 质押量挑战赛奖励。 用户可通过 Gate DEX Earn-Stablecoins-Bonus 板块，将 USDT 转换为 USDD 并质押为 sUSDD 参与，已有用户收益将自动无缝衔接。官方提示，新用户参与活动前请确保钱包内有足够的 ETH或 BNB 作为 Gas 费。
According to The Block, Trump's annual financial disclosure report (totaling 927 pages) released by the U.S. Office of Government Ethics shows that Trump received significant crypto-related income through his family crypto company World Liberty Financial (WLF), including over $65.6 million from the sale of WLF Holdco equity and approximately $236.25 million from WLF token sale allocations. Additionally, the report disclosed his cold wallets holding various crypto assets such as Bitcoin, Ethereum, USDC, LINK, AAVE, ENA, MOVE, and ONDO, and that he received approximately $1.8 million in Ethereum staking rewards. Trump also holds up to $100,000 in Coinbase stock and multiple investments in Strategy (formerly MicroStrategy). In contrast, Vice President JD Vance's annual financial report is only 17 pages, disclosing that he holds Bitcoin valued at up to $500,000.
According to the latest report from investment bank Jefferies, the U.S. "Clarity Act," although having passed a bipartisan 15:9 vote in the Senate Banking Committee, still faces significant hurdles in the subsequent legislative process. Political uncertainty may exacerbate crypto market volatility in the coming weeks. The bill aims to clarify the regulatory boundary for digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and is considered a core legislative framework for the U.S. crypto market structure. Jefferies pointed out that passage would significantly boost institutional participation, while delays would prolong regulatory uncertainty.Currently, Polymarket data shows that the probability of the bill passing before the end of 2026 has dropped to 48%, a significant decline from 70% in mid-May, primarily due to disputes over ethical clauses, anti-money-laundering reviews, and a tight Senate agenda. Analysts note that with approximately only 20 legislative days remaining before Congress adjourns in August, it must complete the reconciliation of House and Senate versions, procedural votes, and submission to the President for signature. If it fails to advance before the recess, it may be delayed until next year, or even further postponed due to changes in the election cycle.Jefferies believes that if the bill is enacted, it will drive the expansion of businesses such as tokenized assets, custody, staking, lending, and crypto ETFs, benefiting the development of markets like Bitcoin (BTC) and Ethereum (ETH). However, if delayed, it could suppress institutional investment in on-chain infrastructure and crypto-related IPOs.Additionally, the market expects policy uncertainty to continue affecting the stock performance of crypto-related public companies such as Circle, Coinbase, and Bullish. Jefferies added that even as regulations gradually clarify, intensified competition in the stablecoin space could become a long-term source of pressure for companies like Circle. (CoinDesk)
Ondo Finance has announced the integration of its tokenized securities platform, Ondo Global Markets, with Uniswap. Over 430 tokenized stocks and ETFs on the platform are now simultaneously available on Ethereum and BNB Chain. Users can trade via the Uniswap interface or the UniswapX API.Compliant users can trade tokenized shares of companies such as SpaceX, Tesla, NVIDIA, Apple, Microsoft, and Amazon, as well as major ETF assets like SPY and QQQ, directly on-chain. Trades leverage UniswapX to benefit from optimal liquidity routing, MEV protection, and gas-free transactions. All wallets and protocols integrated with the UniswapX API can support Ondo's full suite of tokenized securities without requiring additional development. Data shows that since its launch in September 2025, Ondo Global Markets has covered over 430 tokenized securities, with its TVL surpassing $1 billion and cumulative trading volume exceeding $20 billion.
Odaily Planet Daily: The recent voting results of ENS DAO, centered around the governance of the Ethereum Name Service, have sparked controversy within the community. Community members pointed out that in the latest on-chain vote, ENS founder Nick Johnson cast approximately 3.26 million votes against the executive proposal to renew the Security Council for two years. This proposal had previously passed a Snapshot community vote, but the on-chain executive proposal failed to gain support. As the controversy escalated, some community members expressed concerns about the level of decentralization in the ENS DAO governance mechanism. However, others believe the incident reflects more of an issue with the distribution structure of governance tokens rather than a failure of the protocol itself.
zero-knowledge scaling company StarkWare has released a Starknet quantum resistance roadmap, stating that the roadmap is divided into three phases to address the risk of future quantum computing attacks. StarkWare CEO Eli Ben-Sasson stated that Starknet can leverage its architectural advantages to achieve quantum resistance, as its underlying cryptography is based on zero-knowledge STARK proofs. According to reports, the first phase of the roadmap includes replacing part of the existing secure mathematical mechanism, Pedersen hash, with a quantum-resistant version, and adding quantum-resistant signatures; the second phase focuses on migration tools, upgrading existing smart contracts without requiring developers to manually rebuild applications; the third phase involves dependencies that Starknet cannot solve alone, primarily relying on Ethereum's quantum upgrade roadmap. Circle, Ethereum, Solana, Tezos, and Algorand have all proposed quantum resistance roadmaps. (Cointelegraph)
According to official sources, the Ethereum Foundation stated that it has completed its five-year cooperation agreement with Argot Collective to support the development and maintenance of critical Ethereum infrastructure under a neutral, independent framework. Argot Collective stated that both parties have completed the final phase of the original five-year funding commitment, with approximately 4,938 staked ETH to be transferred to a multi-signature wallet and unlocked in phases on July 1, 2026, and July 1, 2027.
The latest report released by Wintermute shows that cooling AI trading has triggered market sector rotation, with the Nasdaq Index falling for the fifth consecutive trading day, down 4.5% in a single day, and the semiconductor sector under significant pressure; Bitcoin fell 5.9%, dropping below $60,000 to around $59,300, while Ethereum fell 7.9%. The U.S. May Personal Consumption Expenditures Price Index (PCE) rose year-on-year to 4.1%, reinforcing expectations of higher rates for longer, and a stronger U.S. dollar also exerted pressure on crypto assets.
According to official announcements, Taiko stated that the network is back online and no user assets were lost. Currently, steps 2 and 3 of the cross-chain bridge related fixes have been completed. Assets within the bridge have been restored to 1:1 full backing with corresponding assets on Ethereum. Network functions have returned to normal, and users can continue to perform transfers, swaps, and trading operations.
According to the weekly market report released by BIT Official, heavy selling in semiconductor and AI stocks on June 23-24 triggered defensive adjustments by institutional capital. BTC fell below $60K on June 24, hitting a low of ~$59,000 (intraday decline of approximately 5%). Approximately $994 million in liquidations occurred during the same period (of which approximately $780 million were long positions). Approximately $1.2 billion in nominal Put positions at the $60K level forced market makers to short, exacerbating the downward trend. As of the weekend, BTC was quoted at ~$59,992, down 6.9% for the week; ETH was quoted at ~$1,578, down 9.3% for the week. In terms of volatility, DVOL only rose slightly (BTC 44.1→45.7, ETH 57.3→59.5), front-end skew tended to stabilize, and convexity returned to normal. The institutional defensive hedging ratio decreased from 29.6% to 19.7%, shifting towards two-way balance, overall showing characteristics of an "orderly decline" rather than panic selling. In terms of ETFs, for the week ending June 26, US spot BTC ETFs saw net outflows of approximately $1.79 billion, marking the second-highest weekly outflow record in history, and have seen net outflows for 7 consecutive weeks; IBIT net assets decreased to approximately $44.4 billion, with average holders having an unrealized loss of approximately 40%. Strategy purchased only 520 BTC this week (approximately $34.9 million), significantly slowing down compared to the previous two weeks. MSTR stock price has fallen below its BTC book value, and the flywheel effect has been affected
Ethlabs posted on X platform to address its non-profit positioning and funding situation. It stated that the choice to operate as a non-profit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.Regarding governance structure, Ethlabs pointed out that its funding comes from large ETH holders and builders within the Ethereum ecosystem. These funders are closely aligned with the long-term success of Ethereum but will not receive any governance control, nor will they participate in roadmap formulation or project priority decisions. Ethlabs emphasized that this arrangement is a deliberate design aimed at preventing external capital from influencing its core direction.Meanwhile, Ethlabs indicated that the future continuous fundraising mechanism itself acts as a "accountability mechanism." Only by consistently creating real value for the Ethereum ecosystem can it secure subsequent funding support, thereby forming a long-term feedback loop.In terms of funding, Ethlabs revealed that it is currently in the final stages of fundraising and has not yet disclosed the specific amount. However, the pledged funding commitments are expected to support an operational cycle of 2 to 3 years and cover the needs for recruiting top-tier talent. Ethlabs emphasized its positioning as a long-term project, not a one-time grant program.
Taiko, an Ethereum Layer 2 project, announced that its fix has been reviewed by independent security experts. The mainnet will resume operations in four steps, including: deploying the fix and confirming the chain's final state is correct, ensuring there are no invalid checkpoints or attacker-submitted records that could be accepted; replenishing cross-chain bridge liquidity to ensure all L2 assets maintain a 1:1 reserve; restoring network operations and reopening L2 transfers, swaps, and trading functions; and having the security committee propose lifting the bridge suspension to fully restore asset deposit and withdrawal functionality.Taiko stated that during the initial reopening period, relatively conservative withdrawal limits will be set as an additional security measure, but this is not expected to affect users' normal asset operations.
Ethereum non-profit research and development organization Ethlabs released an FAQ stating that current funding commitments can support the team's operations for the next 2 to 3 years, and will continue to pursue subsequent fundraising, with the community funding round still open.
According to Loopring’s official announcement, Loopring DEX—the first zkRollup protocol on Ethereum—has announced the immediate cessation of all trading services, and its relayer has been taken offline simultaneously. The team cited several reasons for the shutdown: (1) its early architecture lacked virtual machine support, constraining ecosystem growth; (2) insufficient commercial operational capabilities within the team; (3) external pressure—including the delisting of LRC from multiple major exchanges in 2026; and (4) the fact that modern zkEVM solutions have comprehensively surpassed Loopring’s original technical architecture. Regarding user asset distribution, Loopring will adopt a centralized approach to directly batch-send assets to users’ Layer-1 wallet addresses. Users need not perform any on-chain actions or pay gas fees—all transaction costs will be borne by the team. The specific process is as follows: publish the final balance list → upgrade the smart contract → a two-week public review and audit period → batch distribution.
According to the official announcement, Bybit Spot has launched Cap (CAP/USDT) on its spot market on June 26 at 12:00 PM UTC, and deposits are now open. Meanwhile, CAP has been added to Bybit’s Token Splash trading competition, where eligible users can participate in sharing a prize pool of up to 30 million CAP tokens. Cap is a decentralized credit protocol built on the Ethereum blockchain, designed to safeguard lenders’ principal through on-chain financial guarantees.
Base has postponed the Beryl mainnet upgrade to June 26 at 18:00 UTC to ensure full activation of the B20 Activation Registry. Developers must wait until the registry goes live before deploying B20 tokens, with an estimated maximum wait time of approximately one hour. Base stated that the previous ~2-hour mainnet block interruption was unrelated to this upgrade. Additionally, Beryl will reduce the withdrawal waiting period from Base to Ethereum from 7 days to 5 days and integrate Reth V2.
According to the Huobi HTX announcement, Huobi HTX will open CAP deposit services on June 26 at 18:30 (GMT+8). CAP/USDT spot trading will go live on June 26 at 21:00 (GMT+8). CAP withdrawal services will be available starting June 28 at 21:00 (GMT+8). Cap is a DeFi credit protocol built on a Covered Credit mechanism, comprising digital dollars, a credit platform, and a financial guarantee market, designed to provide collateralized support for personal loans. CAP’s stablecoin engine will mint redeemable stablecoins in various denominations (e.g., USD, BTC, and ETH).
Bitget PoolX is about to launch the Bluwhale AI (BLUAI) project. Users can lock ETH to share 14,000,000 BLUAI, with a personal lock-up limit of 1,500 ETH. The lock-up channel will be open from 18:00 on June 26 to 18:00 on July 7 (UTC+8).In addition, users with positive net ETH deposits during the event period will receive a 5% ETH wealth management booster coupon after the event ends. First-time PoolX participants who meet the net deposit requirements will receive a 15% ETH booster coupon. The net deposit calculation period is from 17:00 on June 26 to 17:00 on July 6 (UTC+8). For more details, please refer to the official Bitget platform.