Crypto Industry News & Market Trends

Ethereum gets a new nonprofit focused on institutional adoption

SummaryA new independent nonprofit, Ethereum Institutional, has launched to accelerate institutional adoption of Ethereum, providing banks, asset managers and other enterprises with a neutral point of contact as they evaluate the blockchain for tokenization, stablecoins and other financial applications.The launch comes as the Ethereum Foundation narrows its focus to stewarding the core protocol, with independent organizations like EthLabs emerging to take on ecosystem functions such as research s enterprise efforts, while the organization said its leadership brings experience spanning institutional engagement, capital markets and Ethereum ecosystem development. It said its mission is to provide institutions with a neutral, independent point of contact as they evaluate Ethereum for tokenization, stablecoins and other onchain financial infrastructure.　　In announcing the initiative on X, Ethereum Institutional said institutions need “a credible, independent front door” to the Ethereum ecosystem. While Ethereums neutrality is one of its defining strengths, the group argued, that neutrality has often left enterprises without a clear organization to engage as they make long-term infrastructure decisions.　　The launch comes as the Ethereum Foundation continues to narrow its role to stewarding the core protocol, with ecosystem participants increasingly spinning up independent organizations focused on specific areas such as business development, institutional outreach and developer support.

07-01Industry

Mysterious Solana project World unveiled as fully onchain prediction market

SummaryWorld is a new onchain prediction market on Solana that allows users to trade event contracts like crypto prices and the 2026 FIFA World Cup.The platform is now live within the Phantom wallet and at world.xyz, utilizing Chainlink as its primary oracle infrastructure for market data.World enables users to trade directly from their Solana wallets, with positions, settlement, and redemptions occurring fully onchain using CASH stablecoin.　　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 Phantom.　　The platform is online at world.xyz and in the Phantom wallet on iOS, Android and desktop, with Chainlink serving as its primary oracle infrastructure for its data.　　Users can trade event contracts tied to crypto prices and the 2026 FIFA World Cup, with additional markets on sports, geopolitics, and macroeconomics planned for the near future, according to an announcement shared with CoinDesk.　　Worlds world_xyz account has built attention throughsocial media posts offering scant product details, fueling speculation that the project could be a meme coin, trading app or broader Solana infrastructure play. Copycat WORLD-themed tokens have appeared on token launchpads, though

07-01Industry

Europe is rewriting its landmark crypto rulebook MiCA as hard July 1 deadline passes

Nevertheless, MiCA has achieved many of its original goals, according to Hansen. There are around 20 euro-denominated stablecoins that have been authorized by the regime, with adoption buoyed by their formal regulation.　　Its not perfect, though, he added, pointing to reserve rules that require minimum bank deposits. Attention is also shifting beyond domestic regulation to global oversight. The next phase of policymaking could focus on allowing tokens regulated in one jurisdiction to circulate in another through mutual recognition regimes.　　“We could benefit from the global, internet-native nature of these assets instead of fragmenting their circulation through locally fragmented rulebooks,” he said.　　The EU may have had something of a first-mover disadvantage with regard to regulating crypto assets, as there was no framework in major markets like the U.S or Hong Kong to work with like there is now.　　Fortress Europe　　Sebastian Barling, partner for financial institutions regulatory at Skadden, compared the EUs approach to building a “fortress.”　　“The consultation is clearly a serious review intended to make sure the European regime aligns internationally and remains competitive,” he told CoinDesk.　　Barling and Legler explored the Commissions pivotal shift toward evaluating a third-country equivalence regime and managing cross-border multi-issuance structures in a recent article. They highlighted that while MiCA

07-01Industry

Ark Invest bought more than $75 million of crypto shares during June bloodbath

SummaryArk Invest loaded up on shares in cryptocurrency companies as they slid during June.The firm bought $44 million worth of shares in Coinbase, $25 million of Circle Internet and $8.2 million of Bullish.Circle shares slumped 40%, ending the month at $62.63. The decline included a 18% drop on June 30 following the debut of rival stablecoin Open USD.　　Ark Invest has a tendency to load up on shares in cryptocurrency companies when their prices are depressed, and June was no exception.　　Bitcoin , the largest cryptocurrency, recorded its worst month in four years, and digital asset firms share prices suffered accordingly, which Ark read as a buying opportunity.　　The St. Petersburg, Florida-based investment manager bought $44 million worth of shares in crypto exchange Coinbase (COIN), based on the closing prices of the days on which purchases were made. It purchased $25.25 million worth of equity in Circle Internet (CRCL), issuer of the worlds second-largest stablecoin USDC, and $8.2 million worth of crypto exchange Bullish (BLSH), the parent company of CoinDesk, according to emailed disclosures.　　Shares of Circle slumped 40% in June, ending the month at $62.63. The decline included an 18% drop on June 30 following the debut of rival stablecoin Open USD, which

07-01Industry

XRP, HYPE funds are the bright spots as investors flee bitcoin, ether ETFs

XRP and Hyperliquids HYPE have emerged as notable bright spots amid record outflows from U.S. spot crypto exchange-traded funds (ETFs).　　XRP-linked ETFs added $59.4 million in June, a third straight month of net inflows, albeit at a slower pace than during the previous two months, according to SoSoValue data. HYPE funds notched up $161 million in net inflows during the month.　　In contrast, bitcoin ETFs suffered record outflows of more than $4 billion, ether (ETH) ETFs saw $528.99 million in outflows and solana (SOL) ETFs shed $786,000.　　The positive flows into both XRP and HYPE funds signal potential for significant spot price appreciation, particularly if bitcoin and the broader market stabilize.　　HYPE also has support at the fundamentals level. Its parent, the decentralized exchange Hyperliquid, generated just over $80 million in fees over the past 30 days, according to DefiLlama. This places it third among all protocols and behind only stablecoin giants Tether ($486.9 million) and Circle Internet ($184.07 million).　　Speaking of potential for market stability, July offers hope. According to Alex Kuptsikevich, the chief market analyst at the FxPro, July tends to be a positive month for the largest cryptocurrency.

07-01Industry

Aave logs biggest network-growth day in nearly 5 years as DeFi interest returns

Several threads are feeding the attention. Aave is rolling out the Ethereum version of its V4 upgrade, a rebuild of how the protocol handles lending, and has seen active governance debate over borrowing limits alongside a growing focus on protocol revenue through a mechanism it calls Smart Value Recapture, which routes value back to the system.　　Standard Chartered also published a long-term price outlook in June, forecasting a $3,500 level by 2030 if it capitalizes on the growing tokenized assets trend. The mix has drawn renewed notice to DeFi at a moment when most of the market has been falling.　　“For price, this is the kind of signal traders usually want to see as July begins,” Santiment said. “New wallets showing up at this pace suggests interest is growing beneath the surface and supporting the price momentum.”　　Whether that holds is the open question, as new wallets show attention, not commitment, and the number matters only if it converts into deposits, borrowing and the revenue that follows.　　Meanwhile, AAVE faces headwinds in the near term amid a tepid crypto market. Bitcoin , the largest cryptocurrency, is stuck below $60,000 and most large tokens fell in the first half.　　If the participation deepens into real usage,

07-01Industry

Bitcoin‘s 20% June crash looks even deadlier on the charts. Here’s why

SummaryBitcoin fell about 20% in June to below $60,000, marking its worst monthly performance since June 2022.The June monthly candle shows overwhelming bearish dominance, a rare occurrence on monthly charts and a strong warning of further losses ahead.The appearance of this candlestick pattern on the monthly chart signals decisively bearish sentiment, consistent with recent analysts predictions of a deeper slide and an eventual bottom in the $48,000 to $55,000 range.　　Bitcoin fell by 20% to under $60,000 in June, its worst monthly performance since the same month in 2022. If that number alone isnt enough to worry bulls, the price chart, especially the monthly candlestick, could be.　　The June candlestick, a charting tool summarizing entire months 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 throughout the month.　　For anyone tracking price charts, thats about as bearish a signal as can be and a warning that more losses could happen in the weeks ahead.　　A candlestick captures four data points for any given period: where price opened, where it closed, how high it got, and how low it fell.　　The candle body shows the open-to-close move. The wicks –

07-01Industry

CoinDesk Wins a Polk Award, One of Journalism's Top Prizes, for Explosive FTX Coverage

“This is an important milestone, not only for CoinDesk, but for crypto media generally,” said, CoinDesk‘s chief content officer. “Despite all that Ian and Tracy’s incredible reporting exposed – and the fallout that it triggered – the crypto industry will continue to have a significant impact on the world. Its vital that it be covered with the kind of probing, well-informed, professional journalism embodied by these two reporters and their attentive, dedicated editors.”　　The industry-shaking Nov. 2 story from Allison, a senior reporter, resulted from a source‘s tip that Sam Bankman-Fried’s closely held trading firm, Alameda Research, was on shakier financial footing than was generally known. Allison got to work finding evidence and nailed it by obtaining the companys balance sheet, which was not a public document.　　It showed that a significant portion of Alameda‘s billions of dollars in assets was secretly made up of FTT, a sort of digital Monopoly money issued by Bankman-Fried’s better-known FTX crypto exchange.　　The resulting story raised concerns about the stability of Alameda and FTX, and called into question Bankman-Frieds image as a white knight capable of backstopping struggling companies and as an “adult in the room” in a field notorious for fly-by-night outfits and scammers. The

07-01Industry

EthLabs launches as Ethereum undergoes its biggest leadership transition in years

That transition has also reshaped the Ethereum Foundation itself.　　Earlier this year, the foundation published a renewed mandate emphasizing Ethereums core values: including credible neutrality, self-sovereignty and open infrastructure, while reducing its involvement in some implementation-focused initiatives. Combined with ongoing budget constraints, the shift has resulted in restructuring across the organization.　　Dietrichs views those changes less as a crisis than an overdue evolution. “Its more a transition period,” he said. “Ethereum is now much more intentionally, proactively reorienting itself to be ready for this new time period.”　　Filling in the gaps　　But as the turmoil started to unveil itself at the EF, many have started to wonder whether EthLabs would replace it. Dietrichs sees that rather than competing with the foundation, EthLabs intends to complement it. “Were deliberately positioning ourselves to fill the gaps that the Ethereum Foundation now deliberately leaves,” Dietrichs said. “Were not trying to create a competing vision for Ethereum.”　　Those gaps, he argues, center on adoption-oriented engineering work, like improving Ethereums scalability, strengthening layer-1 performance, advancing interoperability, and identifying the technical barriers preventing broader institutional use.　　“The gap we see is this more practical, adoption-oriented work, making Ethereum, practically useful for the real world,” he said. EthLabs plans to continue work its

07-01Industry

Citi slashes 12-month bitcoin, ether targets as ETF flows dry up

The downgrade marks a sharp reversal from Citis previous outlook, which assumed passage of U.S. digital asset market structure legislation would spur adoption among financial advisors and traditional investors. The bank now believes that timeline has slipped, leaving the market without a meaningful catalyst.　　Saunders said ETF flows continue to be the main force behind crypto prices, with recent demand turning negative as investors pulled back from risk.　　According to the banks analyst, sentiment has also been hurt by concerns that digital asset treasury (DAT) companies could become net sellers of bitcoin. Recent corporate actions by Strategy amplified those fears despite involving relatively modest BTC sales.　　The report noted that bitcoin and ether both remain below key technical levels, including their 200-day moving averages, while speculative capital has shifted toward AI-related investments.　　The banks revised forecasts assume flat ETF flows in its base case. In its bull case, stronger retail and institutional adoption lifts bitcoin to $108,000 and ether to $2,932. Its bear case, based on recessionary macro conditions and continued ETF outflows, sees BTC falling to $53,000 and ETH to $1,094.　　While the banks equity strategists have become more constructive on U.S. stocks, providing some support through cryptos equity correlation, the report said that

07-01Industry

...

505507

...

1000