Crypto Markets & On-Chain Ecosystem Developments

Focusing on market dynamics across Bitcoin, Ethereum, and major crypto assets. Coverage includes public blockchain ecosystems, DeFi, stablecoins, institutional participation, regulatory policies, and sector innovations to help you track major shifts and emerging trends in the global crypto market.
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Synthetix governance voting to retire sUSD, 1 sUSD for 4 SNX

Synthetix governance decided on June 23 to gradually retire sUSD based on the SIP-423 proposal, paying holders locked SNX at a ratio of 4 SNX for every 1 sUSD, converted. The proposal was put forward by Synthetix founder Kain Warwick and core contributor Benjamin Celermajer. Components of SIP-423: Holder snapshot, sUSD delisting, SIP-420 debt restructuring, SNX staking reform Under the SIP-423 proposal, the full plan consists of the following four parts: Holder snapshot: audit all sUSD balances
SNX-4.06%
MarketWhisper·06-23 03:54
Synthetix governance voting to retire sUSD, 1 sUSD for 4 SNX

MAIGA (Maiga) up 27.35% in the past 24 hours

Gate News, June 23, according to Gate market data, as of the time of writing, MAIGA (Maiga) is trading at $0.00565. It is up 27.35% over the past 24 hours, with a high of $0.00705 and a low of $0.00471. The 24-hour trading volume reached $1.74 million. The current market cap is approximately $1.582 million. Maiga.ai is an AI-driven decentralized finance (DeFi) and cryptocurrency trading platform that provides users with AI-powered trading assistants and market analysis tools. The platform combin
MAIGA-7.14%
GateNews·06-23 03:33
MAIGA (Maiga) up 27.35% in the past 24 hours

Kalshi and Polymarket are the biggest winners of the World Cup, with cumulative trading volume reaching $5.4 billion

Forbes reported on June 23 that with just 11 days until the World Cup kicked off, major prediction markets have already accumulated betting volumes of tens of billions of dollars. Kalshi said on its own that the World Cup trading volume has reached $290 million (including parlay bets). According to insiders, since Polymarket launched its World Cup product in July last year, the cumulative trading volume for the World Cup has reached $250 million. Kalshi’s report: World Cup trading volume hits $2
KALSHI1.80%
POLYMARKET-24.72%
MarketWhisper·06-23 03:32
Kalshi and Polymarket are the biggest winners of the World Cup, with cumulative trading volume reaching $5.4 billion

5 former Ethereum Foundation researchers founded Ethlabs, backed by Joe Lubin

On June 22, five former Ethereum Foundation (EF) researchers announced the founding of Ethlabs, an independent, non-profit R&D organization focused on research into Ethereum’s core protocol; Ansgar Dietrichs will serve as Executive Director. Funding sources include Joe Lubin, a co-founder of Ethereum, and Bitmine Immersion Technologies. Ethlabs’ Five Founding Members and Legal Structure According to Ethlabs’ official announcement, all five founding members are former Ethereum Foundation research
ETH-1.15%
BMNR3.70%
MarketWhisper·06-23 03:12
5 former Ethereum Foundation researchers founded Ethlabs, backed by Joe Lubin