Cryptocurrency Markets and On-Chain Ecosystem Developments

According to The Block, on June 30, BNY Mellon expanded its partnership with Circle by adding USDC minting and redemption functionality to its digital asset custody platform. Institutional clients can now hold USDC in their BNY digital wallets and execute two-way conversions between U.S. dollars and

CRCL-0.68%

USDC-0.01%

ETH1.25%

SOL1.73%

GateNews·06-30 00:02

BNY Mellon Expands Circle Partnership, Adds USDC Minting and Redemption on June 30

JPMorgan Chase Warns Yield-Bearing Stablecoins May Evolve Into 'Shadow Banking,' Calls for Stricter Regulation

According to The Block, on June 30, JPMorgan Chase executives Umar Farooq and Peter Muriungi called for the U.S. to establish a comprehensive digital asset regulatory framework. They warned that if stablecoins are permitted to offer yields, the innovation could slide into "shadow banking"

JPM1.34%

GateNews·06-30 00:02

JPMorgan Chase Warns Yield-Bearing Stablecoins May Evolve Into 'Shadow Banking,' Calls for Stricter Regulation

MicroStrategy Shares MSTR and STRC Surge Over 12% on June 29

Price Volatility

According to PANews, MicroStrategy's Class A shares (MSTR) closed at $92.68 on June 29, up 12.60%, and traded at $93.25 after hours, gaining an additional 0.61%. The company's perpetual preferred shares (STRC) closed at $83.67, up 12.20%, and moved to $83.76 after hours, up 0.11%. The gains

MSTR1.58%

STRC-0.47%

BTC2.09%

GateNews·06-30 00:01

MicroStrategy Shares MSTR and STRC Surge Over 12% on June 29

UK FCA Finalizes Crypto Framework, Mandatory Licensing to Take Effect October 25, 2027

According to The Block, the UK Financial Conduct Authority (FCA) finalized its comprehensive crypto regulatory framework on June 30, with mandatory authorization taking effect on October 25, 2027. The framework applies to crypto trading platforms, custodians, stablecoin issuers, lending and

GateNews·06-30 00:01

UK FCA Finalizes Crypto Framework, Mandatory Licensing to Take Effect October 25, 2027

Solana Breaks Through $75 in 24 Hours, Up 4.63%

Price Volatility

According to HTX trading data, Solana (SOL) broke through $75 to trade at $75.01 in the past 24 hours, gaining 4.63%.

SOL1.73%

GateNews·06-29 23:46

Solana Breaks Through $75 in 24 Hours, Up 4.63%

Ethereum Foundation Cuts 20% of Staff, Sets 40% Budget Reduction This Week

Project Progress

According to the Ethereum Foundation, this week the EF announced a 20% staff cut and announced a reorganization around five "clusters"—protocol, access, user, community, and institutional layers. In the same week, Vitalik Buterin flagged a 40% budget cut. Concurrently, ETHLabs launched as a new

ETH1.25%

GateNews·06-29 23:28

Ethereum Foundation Cuts 20% of Staff, Sets 40% Budget Reduction This Week

UK FCA Publishes Final Crypto Rules, Sets February 2027 Authorization Deadline

According to the UK financial regulator, the FCA published its final cryptocurrency regulatory framework on June 29, requiring crypto firms to complete authorization by February 2027.

GateNews·06-29 23:13

UK FCA Publishes Final Crypto Rules, Sets February 2027 Authorization Deadline

Bitcoin Falls Below $59,000 on June 29, Down 1.79% Intraday

Price Volatility

According to Guru Club, Bitcoin broke below $59,000 on June 29, declining 1.79% intraday.

BTC2.09%

GateNews·06-29 23:01

Bitcoin Falls Below $59,000 on June 29, Down 1.79% Intraday

BNB Chain Tops $5.2B in Tokenized Stock Trading, Surpassing Solana

Capital Flow

Rankings & Leaderboards

BNB Chain topped $5.2 billion in cumulative tokenized stock trading volume, surpassing Solana's roughly $4.5 billion, as demand for onchain exposure to public and private companies continues to grow. The network's market capitalization for tokenized stocks and ETFs has passed $1 billion, with more t

RWA1.62%

SPCX4.60%

SPCXX4.80%

ONDO1.65%

CryptoFrontier·06-29 22:24

BNB Chain Tops $5.2B in Tokenized Stock Trading, Surpassing Solana

BNB Chain Tops $5.2 Billion in Tokenized Stock Trading, Overtaking Solana

Rankings & Leaderboards

According to BNB Chain, the network has surpassed Solana in tokenized stock trading volume, reaching $5.2 billion compared to Solana's $4.5 billion. Ondo Global Markets powers $5.12 billion of the volume, with over 430 tokenized stocks and ETFs now available. BNB Chain's tokenized equity market

SOL1.73%

ONDO1.65%

SPCX2.60%

SPCXX4.80%

GateNews·06-29 22:22

BNB Chain Tops $5.2 Billion in Tokenized Stock Trading, Overtaking Solana

House Speaker Transmits Housing Bill with CBDC Ban to Trump; 10-Day Decision Period

On June 29, House Speaker Mike Johnson transmitted a housing bill containing a provision barring the US Federal Reserve from issuing or creating a central bank digital currency (CBDC) until 2030 to Donald Trump. Trump has 10 days to decide on the

GateNews·06-29 22:08

House Speaker Transmits Housing Bill with CBDC Ban to Trump; 10-Day Decision Period

Siebert Selects Tzero Platform for Tokenized Securities Entry

Metals

Muriel Siebert & Co. selected Tzero's platform to enter tokenized securities markets on June 29, 2026. The first product supported under the partnership is GLDY, a gold-backed tokenized security developed by Streamex Corp. and restricted to accredited investors. Siebert Financial reported $94.2

XAUUSD1.17%

LucasBennett·06-29 21:58

Siebert Selects Tzero Platform for Tokenized Securities Entry

Bitcoin ETFs Hit Third-Largest Weekly Outflow of $1.79B as HYPE Funds Gain $111M in Week Ended June 26

Capital Flow

On-Chain Data

According to Bitcoin.com News, spot Bitcoin ETFs recorded $1.79 billion in net outflows for the week ended June 26, marking the third-highest weekly outflow on record. Blackrock's IBIT led redemptions with $1.3 billion, followed by Fidelity's FBTC with $314.9 million and Grayscale's GBTC with $135.3

BTC2.09%

GBTC1.65%

IBIT1.73%

HYPE0.99%

XRP1.26%

GateNews·06-29 21:57

Bitcoin ETFs Hit Third-Largest Weekly Outflow of $1.79B as HYPE Funds Gain $111M in Week Ended June 26

Siebert Selects Tzero to Launch Tokenized Securities Platform on June 29

Metals

Siebert & Co. selected Tzero's platform on June 29, 2026 to enter the tokenized securities market, leveraging its integrated infrastructure for investor onboarding, compliance, issuance support, custody, and secondary market services. The first product is GLDY, a gold-backed, yield-bearing tokenize

XAUUSD1.17%

GateNews·06-29 21:57

Siebert Selects Tzero to Launch Tokenized Securities Platform on June 29

Strategy Pauses Bitcoin Purchases, Announces $2.55B USD Reserve and BTC Monetization Program

Capital Flow

Token Events

Strategy, the world's largest publicly traded Bitcoin holder, did not purchase Bitcoin last week, leaving its holdings at 847,363 BTC. Company founder Michael Saylor announced the firm increased its USD reserves to $2.55 billion and introduced a Digital Credit Capital Framework. The framework

BTC2.09%

MSTR1.58%

STRC-0.47%

EthanBrooks·06-29 21:43

Strategy Pauses Bitcoin Purchases, Announces $2.55B USD Reserve and BTC Monetization Program

Binance Withdrew Greece MiCA Application Last Week Amid Political Opposition, Says CZ

According to Changpeng "CZ" Zhao, Binance founder, the exchange withdrew its MiCA license application in Greece last week after political forces blocked approval, despite the filing being fully compliant and close to being authorized. Zhao said at least one EU regulator was prepared to approve the a

GateNews·06-29 21:33

Binance Withdrew Greece MiCA Application Last Week Amid Political Opposition, Says CZ

BNY Expands Custody Platform With USDC Minting and Redemption for Institutions

BNY has expanded its Digital Asset Custody platform to support Circle's USD Coin, enabling institutional clients to mint, redeem, transfer, and hold USDC directly through the bank. USDC is the first stablecoin integrated into the platform, marking a significant step by one of the world's largest

USDC-0.01%

GateNews·06-29 21:33

BNY Expands Custody Platform With USDC Minting and Redemption for Institutions

Ethereum Foundation Cuts Budget 40% as Taiko Suffers $1.7M Hack

Security Incidents

Project Progress

Enforcement Actions

The Ethereum ecosystem experienced multiple security and organizational developments last week, with Taiko suffering a $1.7 million bridge exploit and Tornado Cash DAO facing governance attack suspicions. The Taiko incident stemmed from an SGX signing key exposed on GitHub, while Tornado Cash's

ETH1.25%

TAIKO0.33%

AAVE4.32%

LINK2.56%

EthanBrooks·06-29 21:14

Ethereum Foundation Cuts Budget 40% as Taiko Suffers $1.7M Hack

Zenith CEO: Tokenized Securities to Dominate Rankings in 10 Years

Rankings & Leaderboards

Project Progress

Industry Reports

Heslin Kim, CEO of digital asset infrastructure firm Zenith, discussed the future of tokenization markets and institutional blockchain adoption in an interview on the 26th at Seoul Club meeting room in Jung-gu, Seoul. Kim leads Zenith's development of the Ethereum Virtual Machine (EVM) layer for

EthanBrooks·06-29 21:14

Zenith CEO: Tokenized Securities to Dominate Rankings in 10 Years

SK Hynix Perpetual Futures Ranks Fifth on Hyperliquid, Surpasses S&P500

Derivatives Data