Crypto Markets & On-Chain Ecosystem Developments

Ethereum co-founder Vitalik Buterin announced on June 23 that the Ethereum Foundation will cut its budget by roughly 40% and eliminate 54 roles as part of a restructuring toward a long-term endowment model. The organization aims to reduce annual spending from about 15% of its treasury to around 5% a

Chainlink has partnered with banking and digital asset organizations from Europe and South Korea to launch Project Pangea, a collaborative initiative to test stablecoin-based foreign exchange settlement. The project brings together more than 50 financial institutions representing over $10 trillion i

According to Chain Catcher, Binance co-CEO He Yi accused Zhu Pan on X of attempting to commit fraud by impersonating others, including attempting to impersonate her to defraud Tron founder Justin Sun. Sun confirmed the allegations today, stating the industry should collectively resist such

According to Ethereum co-founder Vitalik Buterin's statement on June 23, the Ethereum Foundation will reduce its budget by roughly 40% and eliminate 54 roles, approximately 20% of its workforce, as part of a restructuring toward a long-term endowment model. The Foundation aims to lower annual

According to Jason Huang, founder of NextGen Venture, MicroStrategy diluted its mNAV multiple to 1.1x through ATM share issuance last week, reducing bitcoin holdings per share. Huang noted on X that each share now corresponds to fewer bitcoins, with the official mNAV metric having declined from its

According to AMBCrypto, ARB recorded double-digit losses over the past 24 hours in the face of mounting selling pressure. Long traders absorbed $750,730 in liquidations over the period, while short positions lost just $7,480, indicating the market moved firmly against bullish bets. On-chain data re

The US House passed a housing bill with a central bank digital currency ban until 2030 on Jun 24. The bill now requires President Donald Trump's signature to become law.

According to law enforcement associations, on Jun 24, Catholic leaders and US authorities challenged the CLARITY Act, raising concerns about its approach to illicit activity. Law enforcement stated that regulatory certainty should not come at the expense of accountability, transparency, victim

According to the Securities and Futures Commission (SFC) 2025-26 annual report released in March, Hong Kong's virtual asset market showed significant expansion. The 11 recognized spot ETFs for virtual assets reached a total market value of HK$4.3 billion, up 90% since their launch in 2024.

According to GMGN data, Goblin topped smart money net inflows over the past 24 hours with $3,000 net inflow, though the token declined 7.6% and is trading at $0.0057. The top five smart money recipients were Goblin ($3K), Jonah ($669, +2161.9%), CASHBACK ($486, +614.2%), FARM ($304, -38.9%), and

NEAR trades near $2.2, sitting close to the multi-year low interest zone. Key resistance levels: $3.3 first, then $9, and long-term $20 target. Weak sentiment may offer strong risk-reward if recovery momentum returns. Most traders start paying attention after huge rallies. By that

According to Cointelegraph, YZi Labs and CEA Industries signed a cooperation agreement recently, appointing three new board directors to enhance governance of BNC.

According to HTX trading data, SOL broke below $70 on June 24, trading at $69.99 with a 24-hour decline of 1.56%.

According to Nabox's official announcement on June 23, the decentralized multi-chain wallet and digital identity platform announced a strategic partnership with ENI, a modular layer-1 blockchain platform, to enhance cross-chain interoperability and user experience. The collaboration integrates Nabo

A group of US Senate Democrats is calling for a formal congressional investigation into a reported $500 million investment deal involving World Liberty Financial, a crypto platform linked to US President Donald Trump, and an Abu Dhabi-backed investment company. The lawmakers sent a letter to Senate

According to Senate Democrats, US lawmakers are calling for a formal congressional investigation into a reported $500 million investment by an Abu Dhabi-backed firm that acquired a 49% stake in World Liberty Financial, a crypto platform linked to President Donald Trump, in January 2025. The

According to Galaxy Research, Bitcoin spot ETFs experienced net outflows of $63.5 billion in the past 30 days as of June 21, marking an all-time high and ranking first among all 582 recorded 30-day windows.

HSBC Bank Middle East Limited launched a tokenized deposit service in the United Arab Emirates, adding the dirham to its blockchain-based Orion cash management network. The service enables eligible corporate and institutional clients to move funds instantly across borders and between internal

According to Foresight News, Altura paused AVLT redemptions on June 23 following a decision to liquidate treasury assets in an orderly manner. Redemptions will resume only after all treasury assets are recovered, reconciled, and independently verified by a third party. Liquidation progress

Arthur Hayes’s family office Maelstrom published a deep research report on X on June 24 about Solana ecosystem physical card trading platform Collector Crypt (CC), setting a target price for the CARDS token at $4 before the end of summer. CC offers instant settlement and on-chain liquidity with only a 2% fee (compared with eBay’s 16-20%). Collector Crypt business data disclosed in the Maelstrom research report (Source: Maelstrom research report screenshot) Based on Maelstrom’s deep research repo