Cryptocurrency Markets and On-Chain Ecosystem Developments

Ethereum dropped 2.94% over the past week to close at $1,577.12, trading below all major weekly moving averages. Net redemptions from U.S. spot Ethereum ETFs reached $8 million on June 29 as institutional sellers continued pulling capital from the asset. The token's weekly RSI stood at 30.13, with t

ETH2.72%

SBET4.34%

BMNR1.87%

CryptoFrontier·07-01 22:44

Ethereum Drops 2.94% to $1,577 as ETF Outflows Hit $8M

Ethereum Drops 2.94% to $1,577.12 as $8M ETF Redemptions Signal Institutional Retreat

According to Traders Union, Ethereum dropped 2.94% over the past week to close at $1,577.12 on June 29, extending its position below all major weekly moving averages. Net redemptions from U.S. spot Ethereum ETFs reached $8 million as institutional sellers continued pulling capital from the asset.

ETH2.72%

GateNews·07-01 22:43

Ethereum Drops 2.94% to $1,577.12 as $8M ETF Redemptions Signal Institutional Retreat

Ethereum Researcher Admits ETH Lacks Clear Value Story After Five Years

Ansgar Dietrichs, a former Ethereum Foundation researcher now with Ethlabs, conceded that ETH lacks a clear value story after five years below $5,000, according to journalist Laura Shin's Unchained podcast. The admission highlights Ethereum's ongoing struggle to articulate what ETH is actually for,

ETH2.72%

EthanBrooks·07-01 22:39

Ethereum Researcher Admits ETH Lacks Clear Value Story After Five Years

MiCA Fully Activates on July 1; Only 244 of 3,167 EU Crypto Providers Secure License, Eliminating 92% of Market

Regulation & Policy

According to Traders Union reporting, the EU fully activated its Markets in Crypto-Assets regulation on July 1, 2026, requiring all crypto service providers to hold a license to serve clients across the 30-nation European Economic Area. Only 244 of 3,167 previously operating providers had secured

GateNews·07-01 22:32

MiCA Fully Activates on July 1; Only 244 of 3,167 EU Crypto Providers Secure License, Eliminating 92% of Market

Ethlabs Co-Founder Says ETH Lacks Clear Value Narrative; Over 32% of Supply in Staking

Market Analysis

According to Odaily, former Ethereum Foundation researcher Ansgar Dietrichs, a member of newly launched Ethlabs, stated on Laura Shin's Unchained podcast that Ethereum has failed to develop a clear value narrative despite

ETH2.72%

BMNR1.87%

GateNews·07-01 22:31

Ethlabs Co-Founder Says ETH Lacks Clear Value Narrative; Over 32% of Supply in Staking

K Wave Media Liquidates Remaining 88 BTC to Repay $6M Debt

According to BitcoinTreasuries.NET, South Korean listed company K Wave Media (KWM) recently sold its remaining 88 BTC to repay $6 million in debt. The company now holds zero BTC.

BTC1.41%

GateNews·07-01 22:31

K Wave Media Liquidates Remaining 88 BTC to Repay $6M Debt

RLUSD Settlement Volume Exceeds $2.5 Billion on XRP Ledger

Ripple USD (RLUSD), the stablecoin on XRP Ledger, has generated over $2.5 billion in total settlement volume according to research from Evernorth, an independent XRP treasury and research firm. RLUSD/XRP trading volume has approached $900 million, indicating growing activity for the fiat-backed stab

XRP0.84%

EthanBrooks·07-01 22:23

RLUSD Settlement Volume Exceeds $2.5 Billion on XRP Ledger

Ripple USD Pushes XRP Ledger Settlement Volume Above $2.5 Billion

According to research from Evernorth, Ripple USD (RLUSD) activity has generated over $2.5 billion in XRP Ledger settlement volume, while RLUSD/XRP trading volume has approached $900 million. RLUSD is a fiat-backed stablecoin designed for stable settlement on the XRP Ledger, distinct from XRP, the ne

XRP0.84%

GateNews·07-01 22:22

Ripple USD Pushes XRP Ledger Settlement Volume Above $2.5 Billion

BTC breaks through 61,000 USDT

Price Volatility

Gate News bot message, Gate market data shows BTC has broken through 61,000 USDT, currently at 61,103 USDT.

BTC1.41%

GateNews·07-01 22:21

Fidelity and VanEck Publish Crypto Allocation Frameworks for Institutional Investors

Industry Reports

Fidelity Digital Assets and VanEck published allocation frameworks in February 2026 recommending 0 to 5% crypto exposure for long-term investors, with research showing a 2% Bitcoin allocation improves annual retirement spending capacity by 1 to 4%. The institutional conversation around crypto

BTC1.41%

ETH2.72%

EthanBrooks·07-01 22:13

Fidelity and VanEck Publish Crypto Allocation Frameworks for Institutional Investors

Strategy MSTR Premium Collapses Below 1x as Bitcoin Declines, Bloomberg Says Trading Unwind Underway

Price Volatility

According to Bloomberg, Strategy MSTR's premium relative to its Bitcoin holdings has fallen below 1x as investors become less willing to pay elevated prices following Bitcoin's recent decline. The premium had previously reached as high as 200%, signaling a significant unwinding of the

MSTR0.77%

BTC1.41%

GateNews·07-01 22:00

Strategy MSTR Premium Collapses Below 1x as Bitcoin Declines, Bloomberg Says Trading Unwind Underway

Oobit Launches Crypto Card in Guatemala and Paraguay for LATAM Expansion

Oobit, a Tether-backed non-custodial crypto payments platform, launched its crypto card in Guatemala and Paraguay, marking the 10th and 11th countries in its Latin America expansion. The launch allows users in both countries to spend and send cryptocurrency at Visa-accepting merchants, both online a

EthanBrooks·07-01 21:53

Oobit Launches Crypto Card in Guatemala and Paraguay for LATAM Expansion

Robinhood Launches Public Blockchain and Announces UK Crypto Trading Plans

Robinhood announced on July 1 the launch of its public blockchain mainnet and a suite of DeFi products following months of testing. The company also plans to launch crypto trading services for UK residents.

HOOD-2.70%

GateNews·07-01 21:49

Robinhood Launches Public Blockchain and Announces UK Crypto Trading Plans

Hyperliquid HIP-3 Open Interest Reaches $3.2 Billion by June 2026, Up 305% Since January

Derivatives Data

According to Grayscale, Hyperliquid's HIP-3 perpetual futures markets reached $3.2 billion in open interest by June 2026, up from roughly $790 million in January. On peak days, HIP-3 markets accounted for nearly 48% of Hyperliquid's total trading volume since the upgrade launched on

HYPE0.46%

GateNews·07-01 21:43

Hyperliquid HIP-3 Open Interest Reaches $3.2 Billion by June 2026, Up 305% Since January

Chainlink Approaches 900,000 Holder Addresses as LINK Leaves Exchanges

Chainlink is approaching 900,000 holder addresses as LINK tokens move off centralized exchanges into private custody. The network added more than 8,000 new holder addresses over a two-day period in late June, according to on-chain data. The combination of address growth and exchange outflows

LINK2.73%

EthanBrooks·07-01 21:38

Chainlink Approaches 900,000 Holder Addresses as LINK Leaves Exchanges

Chainlink Approaches 900,000 Holder Addresses as LINK Outflows From Exchanges Accelerate in Late June

According to Etherscan data, Chainlink's holder addresses approached 900,000 in late June, with more than 8,000 new addresses added over a two-day span. On-chain analysis simultaneously shows increased LINK outflows from centralized exchanges, indicating that tokens are being transferred into

LINK2.73%

GateNews·07-01 21:37

Chainlink Approaches 900,000 Holder Addresses as LINK Outflows From Exchanges Accelerate in Late June

Theo Network Raises $100M Genesis Vault and Launches Gold-Backed thUSD Stablecoin

Token Events

Theo Network, a decentralized trading infrastructure platform founded by former Optiver and IMC quantitative traders, raised $20 million in April 2025 from Hack VC, Anthos Capital, and angel investors from Citadel, Jane Street, and JPMorgan. The platform launched thUSD, a gold-backed yield-bearing s

RWA0.08%

UNI3.83%

EthanBrooks·07-01 21:34

Theo Network Raises $100M Genesis Vault and Launches Gold-Backed thUSD Stablecoin

STBL Launches USST Stablecoin on Stellar With Tokenized Treasury Backing

STBL launched the USST stablecoin on the Stellar blockchain on July 1, 2026, backed by tokenized treasury collateral. The launch came through a partnership between STBL and the Stellar Development Foundation, announced July 1 and shared with Bitcoin.com News. USST runs on STBL's Stablecoin 2.0

STBL-0.93%

XLM1.77%

BENJI2.31%

EthanBrooks·07-01 21:34

STBL Launches USST Stablecoin on Stellar With Tokenized Treasury Backing

Bitcoin Price Power Law Paper Peer-Reviewed and Published in Elsevier's Nonlinear Science

Price Prediction

According to Bitcoin News, a research paper titled 'A Mechanistic Derivation of the Bitcoin Price Power Law: Network Adoption Dynamics and Generalised Metcalfe Scaling,' authored by Giovann35084111 and moneyordebt, has been peer-reviewed and published in Elsevier's Nonlinear Science journal. The pap

BTC1.41%

GateNews·07-01 21:30

Bitcoin Price Power Law Paper Peer-Reviewed and Published in Elsevier's Nonlinear Science

U.S. Spot Crypto ETFs Lose $252.7 Million on June 30 as Bitcoin and Ether Continue Outflows