Cryptocurrency Markets and On-Chain Ecosystem Developments (Page 148)

Cryptocurrency Markets and On-Chain Ecosystem Developments

Focuses on market developments across Bitcoin, Ethereum, and major digital assets, covering public blockchain ecosystems, DeFi, stablecoins, institutional participation, regulatory policies, and industry innovation to help readers understand key trends and shifts in the global cryptocurrency market.

LOBSTER Meme Token Surges 33% in 6 Hours on BSC, Market Cap Rebounds to $12.7M

Price Volatility

According to GMGN monitoring on June 29, LOBSTER, a BSC-based meme token, surged 33% over 6 hours in the afternoon, with a 24-hour gain of 40%. The token's market cap recovered to $12.7 million.

GateNews·06-29 10:49

LOBSTER Meme Token Surges 33% in 6 Hours on BSC, Market Cap Rebounds to $12.7M

MiCA Transition Period Ends July 1, Approximately 80% of Unauthorized European Crypto Firms Face Closure

Regulation & Policy

The European crypto asset markets regulation framework MiCA transition period will end on July 1, 2026. Approximately 80% of unauthorized enterprises are expected to be shut down, with only around 244 companies obtaining MiCA

GateNews·06-29 10:46

MiCA Transition Period Ends July 1, Approximately 80% of Unauthorized European Crypto Firms Face Closure

Singapore Court Orders Terraform Labs to Pay Over $3 Million to UST Investors

Enforcement Actions

According to Bloomberg, Singapore's International Commercial Court ruled on June 29 that Terraform Labs and its founder Do Kwon must pay over $3 million in compensation to 40 claimants linked to the TerraUSD (UST) collapse. The court found the defendants liable for fraudulent misrepresentation.

GateNews·06-29 10:35

Singapore Court Orders Terraform Labs to Pay Over $3 Million to UST Investors

Metaplanet Targets 210,000 BTC by End of 2027 with $16-18 Billion Gap

Stocks

Capital Flow

Price Prediction

Metaplanet, the Tokyo-listed company trading on the Tokyo Stock Exchange under ticker 3350, set a target to hold 210,000 BTC by the end of 2027, requiring the acquisition of 169,823 more BTC on top of the 40,177 it held as of April 1, 2026. The company, which abandoned hotel operations to become

BTC1.62%

ASST-2.51%

SATA-1.78%

LucasBennett·06-29 10:34

Metaplanet Targets 210,000 BTC by End of 2027 with $16-18 Billion Gap

Grayscale Identifies Three Risks Facing Bitcoin Price Right Now

Grayscale has identified three variables that currently determine Bitcoin's price trajectory: passage of the CLARITY Act through the Senate, stabilization of Strategy's balance sheet, and the Federal Reserve's decision on further rate hikes. According to Grayscale's head of research, Zach Pandl, if

BTC1.62%

MSTR-3.64%

DanielCarter·06-29 10:33

Grayscale Identifies Three Risks Facing Bitcoin Price Right Now

Bitcoin Below $60K Faces Resistance at $70K-$76K Range

Market Analysis

Price Prediction

Bitcoin is trading below $60,000, positioned in what analysts describe as a technical no man's land between major on-chain support and multiple layers of overhead resistance ranging from $10,000 to $17,000 above current levels. The cryptocurrency has slipped below four key resistance metrics: True

BTC1.62%

XAUUSD0.67%

XAGUSD1.23%

DanielCarter·06-29 10:33

Bitcoin Below $60K Faces Resistance at $70K-$76K Range

Binance Sees Net Outflows of 54.04M USDT in Past Hour

Capital Flow

On-Chain Data

According to Coinglass data, Binance experienced net outflows of 54.04 million USDT over the past hour.

GateNews·06-29 10:26

Binance Sees Net Outflows of 54.04M USDT in Past Hour

Bitcoin Tests $60,000 as Rekt Capital Predicts Further Downside, Warns of 2022-Like Pattern

Market Analysis

Price Prediction

According to analyst Rekt Capital, Bitcoin is testing the $60,000 level today as traders assess whether further declines may follow. Rekt Capital expects BTC to close June below the 50-month EMA (Exponential Moving Average), a long-term support line, which would turn it into resistance for July

BTC1.62%

GateNews·06-29 10:22

Bitcoin Tests $60,000 as Rekt Capital Predicts Further Downside, Warns of 2022-Like Pattern

Ethlabs Releases First FAQ, Outlines Three Strategic Priorities for Ethereum

Project Progress

According to Ethlabs, the nonprofit organization released a frequently asked questions document on June 29, outlining three strategic priorities: layer-1 execution scaling, blob scaling and faster finality; cross-chain interoperability, block building and EVM standardization; and ecosystem growth an

ETH1.15%

GateNews·06-29 10:18

Ethlabs Releases First FAQ, Outlines Three Strategic Priorities for Ethereum

IMF Economist Calls Tokenization Finance's Next Evolution, XRP Ledger Capabilities Align

Project Progress

Partnerships & Ecosystem

The International Monetary Fund identified tokenization as the next stage in the evolution of financial markets, with Senior Economist Itai Agur recently describing how programmable money and digital assets can make transactions faster, cheaper, and more efficient by removing unnecessary

XRP1.44%

ETH1.15%

EthanBrooks·06-29 10:12

IMF Economist Calls Tokenization Finance's Next Evolution, XRP Ledger Capabilities Align

Bitget Launches STRC Perpetual Futures with Up to 20x Leverage

Derivatives Data

According to Bitget official announcement, Bitget launched STRC perpetual futures contracts today (June 29), with up to 20x leverage, USDT settlement, and 24/7 trading availability. STRC represents Strategy variable-rate perpetual preferred

GateNews·06-29 10:05

Bitget Launches STRC Perpetual Futures with Up to 20x Leverage

Plus500 Launches CFTC-Regulated Sports Event Contracts Via Kalshi Partnership

Prediction Market

Partnerships & Ecosystem

Plus500 launched CFTC-regulated sports event contracts through its proprietary futures trading platform, allowing U.S. retail customers to trade financial instruments based on outcomes in major leagues including the NFL, NBA, and MLB. The contracts are listed by Kalshi and settle according to

KALSHI-0.99%

HOOD0.56%

EthanBrooks·06-29 10:04

Plus500 Launches CFTC-Regulated Sports Event Contracts Via Kalshi Partnership

Plus500 Launches CFTC-Regulated Sports Event Contracts for NFL, NBA, MLB

Prediction Market

Commodities

Plus500 has launched CFTC-regulated sports event contracts through its proprietary futures trading platform, allowing U.S. retail customers to trade exchange-listed financial instruments covering the NFL, NBA and MLB. The offering lists contracts provided by Kalshi, enabling users to trade sports ev

KALSHI-0.99%

GateNews·06-29 10:02

Plus500 Launches CFTC-Regulated Sports Event Contracts for NFL, NBA, MLB

Shiba Inu Price Under Pressure as Trading Volume Falls 15% and Fear Deepens

Market Analysis

SHIB remains bearish as RSI and MACD continue favoring sellers. Crypto trading volume fell 15%, weakening recovery prospects across the market. Extreme Fear and rising Bitcoin dominance keep pressure on Shiba Inu. Shiba Inu continues facing heavy pressure as June draws to a close. Weak t

SHIB3.04%

BTC1.62%

CryptoNewsLand·06-29 09:56

Shiba Inu Price Under Pressure as Trading Volume Falls 15% and Fear Deepens

OKX Adds 8 World Cup Prediction Prize Pools Worth 410,000 USDT in Partnership with 6 Ecosystem Partners

Partnerships & Ecosystem

Prediction Market

According to OKX's official announcement, the exchange added 8 independent prize pools worth approximately 410,000 USDT across multiple assets on June 29, sponsored by 6 ecosystem partners including Zama, o1.exchange, Unibase, AIW3, OFC, and Gensyn. The first independent pool event, Brazil vs.

ZAMA-2.48%

O2.29%

UB-12.51%

OFC-6.18%

AIGENSYN0.19%

GateNews·06-29 09:53

OKX Adds 8 World Cup Prediction Prize Pools Worth 410,000 USDT in Partnership with 6 Ecosystem Partners

Kiwoom Securities Seeks Stake in Bithumb as Korean Brokerages Push Into Crypto

Partnerships & Ecosystem

According to reports, Kiwoom Securities is seeking to acquire a stake in crypto exchange Bithumb on June 29, 2026. The move reflects a broader trend of Korean brokerage firms racing to secure positions in the crypto industry ahead of the Financial Supervisory Commission's regulatory reforms

GateNews·06-29 09:49

Kiwoom Securities Seeks Stake in Bithumb as Korean Brokerages Push Into Crypto

USDT Premium in India Surges to 8.5% Amid ED Crackdown on Cross-Border Transfers

Capital Flow

Price Volatility

Geopolitics

According to the Economic Times, USDT premium in India surged to 8.5% within the past week due to supply shortage. Local USDT traded at approximately 102.88 rupees on Saturday, compared to the interbank USD/INR rate of 94.65, up from the typical 3%-4% premium. India's Enforcement Directorate (ED) h

GateNews·06-29 09:42

USDT Premium in India Surges to 8.5% Amid ED Crackdown on Cross-Border Transfers

BIS Warns Stablecoins Could Drain Bank Deposits in 2026 Report

Regulation & Policy

Macroeconomics

The Bank for International Settlements warned that the rapid growth of stablecoins could begin pulling deposits away from commercial banks in its 2026 Annual Economic Report. The institution, often described as the central bank for the world's central banks, stated this deposit migration could

BTC1.62%

CRCL-1.58%

EthanBrooks·06-29 09:33

BIS Warns Stablecoins Could Drain Bank Deposits in 2026 Report

BIS Warns Stablecoins Exceeding $250B Could Drain Bank Deposits

Regulation & Policy

Macroeconomics

Exchange Risk

According to its 2026 Annual Economic Report, the Bank for International Settlements warned that the rapid growth of stablecoins could begin pulling deposits away from commercial banks, potentially increasing funding costs and reducing lending capacity. The BIS noted that while tokenization could

CRCL-1.58%

BTC1.62%

GateNews·06-29 09:32

BIS Warns Stablecoins Exceeding $250B Could Drain Bank Deposits

BitMart Launches STRC Perpetual Futures With 10x Leverage Today

Derivatives Data

According to BitMart's official announcement, the exchange will launch STRC (Variable Rate Series A Perpetual Stretch Preferred Stock) perpetual futures today (June 29) at 19:00 UTC+8, supporting up to 10x

GateNews·06-29 09:31

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LOBSTER Meme Token Surges 33% in 6 Hours on BSC, Market Cap Rebounds to $12.7M

MiCA Transition Period Ends July 1, Approximately 80% of Unauthorized European Crypto Firms Face Closure

Singapore Court Orders Terraform Labs to Pay Over $3 Million to UST Investors

Metaplanet Targets 210,000 BTC by End of 2027 with $16-18 Billion Gap

Grayscale Identifies Three Risks Facing Bitcoin Price Right Now

Bitcoin Below $60K Faces Resistance at $70K-$76K Range

Binance Sees Net Outflows of 54.04M USDT in Past Hour

Bitcoin Tests $60,000 as Rekt Capital Predicts Further Downside, Warns of 2022-Like Pattern

Ethlabs Releases First FAQ, Outlines Three Strategic Priorities for Ethereum

IMF Economist Calls Tokenization Finance's Next Evolution, XRP Ledger Capabilities Align

Bitget Launches STRC Perpetual Futures with Up to 20x Leverage

Plus500 Launches CFTC-Regulated Sports Event Contracts Via Kalshi Partnership

Plus500 Launches CFTC-Regulated Sports Event Contracts for NFL, NBA, MLB

Shiba Inu Price Under Pressure as Trading Volume Falls 15% and Fear Deepens

OKX Adds 8 World Cup Prediction Prize Pools Worth 410,000 USDT in Partnership with 6 Ecosystem Partners

Kiwoom Securities Seeks Stake in Bithumb as Korean Brokerages Push Into Crypto

USDT Premium in India Surges to 8.5% Amid ED Crackdown on Cross-Border Transfers

BIS Warns Stablecoins Could Drain Bank Deposits in 2026 Report

BIS Warns Stablecoins Exceeding $250B Could Drain Bank Deposits

BitMart Launches STRC Perpetual Futures With 10x Leverage Today