DeFis next institutional wave may come from users who never see “behind the scenes” – CEO of Katana

For years, DeFis growth strategy was to pull users on-chain, and the next institutional wave is testing where users may never know theyre touching DeFi at all.  Matt Fisher, CEO of Katana, shared with CryptoSlate how the front end owns the user. If a credit card, a fintech app, or an exchange routes deposits into Morpho or another lending protocol, the customer remembers the card.  The credibility problem underneath the optimism  Fortune reported that Morpho closed a $175 million raise on June 9, backed by Paradigm, a16z crypto, Ribbit Capital, VanEck, Apollo Global Management, and Circle Ventures, among others spanning crypto-native funds and traditional finance.  Fisher said:  “On-chain, DeFi is facing its biggest threat. The latest run of hacks and exploits has been a huge tax on the credibility and confidence.”  He was referring to the Drift and KelpDAO exploits, which TRM Labs linked to North Korean state actors and which together accounted for roughly 76% of 2026s hack losses through April.  The KelpDAO hit was estimated at around $290 million, built on unbacked rsETH used as collateral across Aave, Compound, and Euler. The episode resulted in $200 million in bad debt on Aave, which demanded a joint effort from protocols and retail users to cover.  Composability, which

06-19

BlackRock Beats Strategy and Binance as Third-Largest Bitcoin Holder

BlackRock, one of the worlds largest asset management firms and a key player in the Bitcoin ecosystem, has been ranked as the third-largest Bitcoin holder across the globe.  Although BlackRock is globally renowned for its extreme focus on Bitcoin, the recent ranking by Arkham researchers has positioned the firm above Strategy, which is believed to hold more $BTC.  Did BlackRock actually flip Strategy?  While Arkham released a report confirming that BlackRock currently holds about 764,000 $BTC, commentators have argued that placing it behind only Bitcoin creator Satoshi Nakamoto and the leading U.S. crypto exchange Coinbase may have been an unfair ranking.  The report shows that only Satoshi and Coinbase control more Bitcoin than BlackRock, as they hold 1,096,000 $BTC and 970,000 $BTC respectively.  While BlackRocks outperformance against Binance has been justified, as the exchange only accounts for about 670,000 $BTC, questions about whether BlackRock actually holds more Bitcoin than Strategy have continued to stir debates.  Strategy still Bitcoins largest corporate holder  Although Strategy remains the largest publicly traded corporate holder of Bitcoin, with total holdings of 847,000 $BTC that typically outweigh BlackRocks total holdings, the report provided justifiable reasons why BlackRock has been ranked above Strategy as the largest Bitcoin-holding entity.  The report confirmed that a large portion

06-19

Ethereum stuck within a 10-month bearish trend, buyer conviction is still lacking

1alt HD: Traders Eye Sub-$1,300 Ethereum Targets if Bitcoin Slumps Below $60,000  Sidelined Stablecoins Wait on Binance While Ethereum Reserves Plunge to New Lows  Ethereum Braced for Explosive Volatility as OnChain and Technical Signals Clash  The Glamsterdam Ethereum [$ETH] is set to be rolled out in Q3 of 2026, reported AMBCrypto. The upgrades focus will be on processing transactions, allowing handling multiple transactions simultaneously while also updating the fee rules to support higher network capacity.  Improved speed, capacity, and efficiency will be a great outcome for one of the largest Layer 1 networks in crypto, but it might have little immediate impact on prices.  Ethereum was attracting institutional buyers, but the market-wide selling has not eased significantly.  Sidelined dry powder could supercharge an Ethereum recovery  Source: CryptoQuant  Posting on CryptoQuant Insights, analyst CryptoOnChain drew attention to the rising stablecoin net inflows to Binance. At the same time, $ETH has been flowing out of exchanges, leading to falling reserves.  Source: Glassnode  Rising stablecoin deposits on exchanges represented buying power waiting on the sidelines. The negative 7-day net transfer volume agreed with the $ETH flow out of exchanges.  Source: CryptoQuant  However, the Coinbase Premium was falling in recent weeks, showing U.S.-based investors were not yet willing to bet on a price recovery.  These metrics set

06-19

Crystal Intelligence Partners with Kite

Crystal Intelligence, a blockchain analytics and compliance company, announced a partnership with Kite, a developer of payment infrastructure for AI agents. As part of the integration, Kite has added Crystal Expert to its platform to strengthen compliance and risk monitoring for autonomous AI transactions.  The new integration brings transaction monitoring, sanctions screening, and risk intelligence to Kites payment network. The system is designed for AI agents that can send payments, coordinate tasks, and manage funds without direct human involvement.  Kite operates its Agentic Payments Layer, a payment infrastructure built specifically for the growing agent economy. The company says its network supports large-scale agent-to-agent payments with stablecoin settlement and near-instant transaction finality. By adding Crystal Expert, enterprises and developers gain access to real-time risk monitoring, detailed audit records, and compliance tools for every transaction.  Kite is backed by PayPal Ventures, a venture capital arm of PayPal, General Catalyst, an investment firm focused on technology companies, Coinbase Ventures, the investment division of Coinbase, Samsung Next, Samsung‘s innovation and investment group, and 8VC, a venture capital firm investing in emerging technologies. The company’s infrastructure also includes Agent Passport, a system that manages identity, permissions, spending limits, and audit trails for autonomous agents.

06-19

CME to Sue CFTC Over Bitcoin (BTC) Transactions! Here Are the Details

CME Group, the worlds largest futures exchange operator, is preparing to sue the CFTC over its approval of perpetual futures trading.  According to CME Group CEO Terrence Duffy, CME plans to sue the Commodity Futures Trading Commission (CFTC) over the approval of perpetual futures contracts in the US.  Speaking to CNBC, the CME CEO announced plans to file a lawsuit in protest against the CFTCs decision to approve Bitcoin perpetual futures contracts.  This legal action follows the CFTCs decision in late May to allow platforms, including Kalshi and Coinbase, to offer crypto perpetual futures. As is known, in early May, the CFTC approved the Bitcoin perpetual futures products of the prediction market platform Kalshi.  CME CEO Duffy argues that perpetual futures contracts should be classified as clearing products, not standard futures contracts, under the Dodd-Frank Act.  “Under the Dodd-Frank Act, perpetual futures contracts should be classified as clearing transactions. This argument will form the basis of the case.”  Duffy also warned that introducing perpetual futures contracts to the US market could create new risks for individual investors.  According to Duffy, perpetual futures contracts, unlike traditional futures contracts, do not have a specific expiration date. This allows investors to keep their positions open without having to constantly renew

06-18

Will Bitcoin crash below $60,000 after Fed rate hike shock hits crypto?

Bitcoin has fallen below $64,000 after the Federal Reserve signaled additional rate hikes in 2026, wiping out a relief rally that had briefly pushed the cryptocurrency above $66,000.  According to market data, Bitcoin climbed to an intraday high of $66,315 on June 17 before reversing course and sliding to around $63,800 during early June 18 trading.  The move came hours after the Federal Reserve left interest rates unchanged at 3.50%–3.75% but projected further tightening this year, a stance that prompted investors to pull back from risk assets.  Earlier in the day, traders had responded positively to reports that the United States and Iran have signed preliminary agreement that could help restore stability around the Strait of Hormuz and ease concerns over global energy supplies.  Oil prices retreated sharply on the news, helping lift equities and cryptocurrencies, while Bitcoins push above $66,000 triggered more than $150 million in short liquidations.  Market sentiment deteriorated after the Fed announcement. Treasury yields remained elevated near 4.16%, while investors became less confident that policymakers would begin cutting rates soon.  At the same time, institutional demand indicators remained weak.  US-listed spot Bitcoin ETFs have recorded $2.1 billion in net outflows so far in June, while Coinbase has traded at a discount to international

06-18

Bitcoin price loses $64K support after Fed shock, can bulls avoid a drop to $60K?

Bitcoin has fallen back toward the $64,000 level after the Federal Reserve adopted a hawkish policy stance, erasing a relief rally that had been fueled by easing Middle East tensions and renewed hopes for lower energy prices.  According to crypto.news market data, Bitcoin ($BTC) climbed to an intraday high of $66,315 on June 17 before reversing sharply following the Federal Reserves policy decision. The asset fell 4% to an intraday low of $63,683 during early June 18 trading before recovering slightly to around $64,444 at press time.  Bitcoins price dip followed after the Fed kept interest rates unchanged at 3.50%–3.75% and released a hawkish dot plot that projected fewer rate cuts and left the door open to future tightening. Selling pressure intensified further after Fed Chair Kevin Warsh signaled a move away from traditional forward guidance, injecting fresh uncertainty into the policy outlook and triggering a broad risk-off reaction across global markets.  Only hours earlier, traders had welcomed reports that the U.S. and Iran had formally implemented an interim peace agreement that included the reopening of the Strait of Hormuz and the removal of restrictions on Iranian oil exports.  Crude oil subsequently fell toward $75 per barrel, its lowest level since early March, a

06-18

Coinbase Ventures Backs RWA Tokenization Protocol Multipli in Undisclosed Deal

Real-world asset (RWA) tokenization protocol Multipli has secured an investment from Coinbase Ventures Base Ecosystem Fund, the company announced on June 18. The specific financial terms of the deal were not disclosed.  Strategic Backing for RWA Infrastructure  The investment signals continued institutional interest in bridging traditional financial assets with decentralized finance (DeFi) infrastructure. Multipli focuses on tokenizing tangible assets such as real estate, commodities, and invoices, making them tradeable on blockchain networks. The backing from Coinbase Ventures, through its fund dedicated to projects building on the Base layer-2 network, provides Multipli with both capital and strategic alignment with one of the largest cryptocurrency exchanges in the United States.  Why This Matters for the RWA Sector  The RWA tokenization market has grown rapidly in 2025, with protocols like Multipli competing for market share in a space projected to reach trillions of dollars in tokenized asset value over the next decade. Coinbase‘s support adds credibility to Multipli’s technology and its approach to compliance and asset custody. For the broader DeFi ecosystem, the investment suggests that major players see tokenized real-world assets as a key growth vector, potentially attracting more traditional finance participants to on-chain markets.  Implications for Base Network Growth  By investing in Multipli, Coinbase is also strengthening

06-18

Ark Invest buys $18.4M in Coinbase shares, trims Robinhood

Share  Link copied  Cathie Wood‘s Ark Invest has purchased $18.4 million worth of Coinbase shares across three ETFs, even as the crypto exchange’s stock has fallen nearly 13% over the past month.  SummaryArk Invest bought $18.4 million worth of Coinbase shares across three ETFs as the crypto exchanges stock remained under pressure.Coinbase recently unveiled tokenized stocks, an AI powered advisor, and a unified liquidity system spanning its U.S. and international markets.Ark also added $17.2 million in Block shares while trimming nearly $29 million worth of Robinhood holdings.  According to Ark Invest‘s Wednesday trading disclosure, the investment firm acquired 111,799 Coinbase Global shares for its ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Based on Coinbase’s closing price of $164.92 on Wednesday, the purchases were worth about $18.4 million.  据 The Block,Cathie Wood 旗下 Ark Invest 周三通过 ARKK、ARKW、ARKF 三只 ETF 买入 111799 股 Coinbase,按收盘价计算约 1840 万美元;同时通过 ARKK 卖出 275572 股 Robinhood,价值近 2900 万美元。当天 Coinbase 收跌 2.57% 至 164.92 美元,过去一个月累计下跌约 12.95%;Robinhood 则上涨…  — 吴说区块链 (@wublockchain12) June 18, 2026  Elsewhere in the same round of portfolio adjustments, ARKK bought 236,759 shares of Block Inc., valued at roughly $17.2 million, while selling 275,572 shares of Robinhood Markets worth nearly $29 million.  Coinbase shares ended

06-18

France sets 2027 quantum encryption test as crypto watches

Frances cybersecurity agency ANSSI plans to stop certifying security products that do not support quantum-resistant encryption from 2027.  The rule would affect products used by French government bodies and critical infrastructure operators, where ANSSI approval often decides whether a product can be deployed in sensitive systems.  ANSSI Chief of Staff Samih Souissi said businesses should buy only quantum-safe products by 2030. He said, “It‘s not only a technical issue. It’s a matter of governance, industrial planning, regulation, and sovereignty.” The statement turns a long-running warning into a clear procurement test for vendors seeking public-sector access.  2027 becomes a global deadline  France‘s move places it close to the U.S. National Security Agency’s CNSA 2.0 timeline. Under that program, new U.S. national security system acquisitions must support approved quantum-resistant algorithms from Jan. 1, 2027. Systems that cannot support the new suite must be phased out by the end of 2030.  The shared date matters for vendors that sell into defense, government, banking and critical infrastructure markets. A product that lacks post-quantum cryptography may soon lose access to major public contracts. The shift gives suppliers less room to treat quantum readiness as a future upgrade or marketing label. It also creates a clear date for budgets, audits and

06-18
1
...
209211
...
1000