Crypto Markets & On-Chain Ecosystem Developments

According to Multicoin's report released today (June 26), as covered by The Block, Hyperliquid is evolving from a decentralized perpetual futures exchange into a universal trading platform. Multicoin values the native token HYPE at $319 by 2028 in its base case scenario, implying annual revenue

According to The Block, Sophon, which raised $70 million, is closing its Layer 2 blockchain and shifting to Base to build consumer applications on June 26, citing the end of crypto's infrastructure era. Co-founder Sebastien said the shutdown will save approximately $3 million annually in

Brazil's Public Prosecutor's Office (MPF) reaffirmed on Monday a ban on cryptocurrency political donations as the country's general elections approach. The office issued an article explaining that all campaign donations must be identified through bank transactions or Pix (Brazil's instant payment

Investors are increasingly monitoring altcoins as market attention expands beyond Bitcoin. Hedera, Polkadot, and Sui continue drawing interest due to ongoing network development and ecosystem growth. Litecoin and Stellar remain relevant because of their established positions in payments a

According to Washington Post analysis of Federal Election Commission data, as of June 26, the crypto industry has become one of the largest political funding forces in the 2026 midterm election cycle, collectively contributing over $160 million. Coinbase led institutional crypto donors with $56.1 mi

According to Brazil's Public Prosecutor's Office (MPF), on Monday the office reaffirmed a ban on cryptocurrency political donations ahead of the country's presidential election. The prohibition, established by the Superior Electoral Court in December 2019, restricts candidates and political

According to CoinDesk, Payward, the parent company of crypto exchange Kraken, filed a claim in US federal court on June 25 against PowerTrade, alleging misappropriation of $7.2 million in digital assets and unrealized gains. Payward said PowerTrade removed more than $6 million from its account

Gate News message, a newly created wallet has withdrawn 14,944 ETH, valued at $23.5 million, from a centralized exchange (CEX). The transaction involves a significant amount of Ethereum being moved off-exchange by the fresh wallet

Bitcoin fell below $60,000 this week for the first time since 2024, trading near $59,230, while the dollar index climbed to its highest levels in over 13 months. The cryptocurrency has declined approximately 43% over the past year as investor interest shifted towards artificial intelligence and

According to South Korean exchanges Upbit and Bithumb, UP (Superform) surged 43.14% to 116 Korean won and CARV climbed 41.83% to 69.95 won as of June 26 morning (8 a.m. local time), compared to June 25 at 9 a.m. EDGE (Definity) also gained 42.7% on Upbit.

Stablecoin issuer Circle and Nomura are preparing a service that would allow Japanese companies to settle foreign exchange transactions using dollar-denominated stablecoins as early as 2027. The proposed service would let companies convert yen into dollar stablecoins for cross-border payments and ne

According to reports, Circle and Nomura are targeting a 2027 launch for a stablecoin foreign exchange settlement service in Japan. The service would enable Japanese companies to convert yen into dollar-denominated stablecoins for cross-border payments and near-instant settlement. Circle's USDC,

According to CoinDesk, Aave founder Stani Kulechov dismissed reports that Kraken parent company Payward proposed acquiring 15% of Aave at a $385 million valuation, saying the deal would represent only 30% of the protocol's fully diluted market value—a 70% discount he called impossible. Kulechov

According to ChainCatcher, the U.S. Senate is seeking to advance the Clarity Act, a cryptocurrency market structure bill, in July, though a crowded legislative agenda threatens to narrow the window. The Senate faces competing priorities including the annual defense authorization bill, agricultural b

Roughly $10 billion in notional value of Bitcoin options expires on Deribit at 4 p.m. on Friday, June 26, in Singapore, adding pressure to a market battered by fading institutional demand and macro headwinds. The expiring contracts account for about 37% of open interest on Deribit, the largest

According to Deribit, $10 billion in Bitcoin options expire on Friday, June 26 at 4 p.m. Singapore time. The expiring contracts represent roughly 37% of open interest on the exchange, the largest crypto derivatives venue. Bitcoin traded at $59,283 as of press time, down 2.6% in the past 24 hours,

During the period from 22:00 to 22:15 UTC on June 25, 2026, ETH fell 0.67% in 15 minutes, with the price dropping to the 1570.16-1583.53 USDT range and an amplitude of 0.85%. During this period, the price quickly declined, market volatility increased significantly, and panic spread further. The main driver of this anomaly is the combined effect of the breakdown of key technical support and the continued withdrawal of institutional funds. On June 25, ETH broke below the 1,580-1,600 US dollar cons

CoinGecko research shows most Pump.fun tokens fail within the first day, highlighting the extreme risk profile behind Solana's memecoin launch culture. The research found a launch-day failure rate near seven in ten, providing concrete data on launchpad survival rates. The findings add context to mem

Invesco filed with the Securities and Exchange Commission on June 24 to add the Invesco Stablecoin Reserves Onchain Fund to its Short-Term Investments Trust portfolio. The fund targets stablecoin reserve management, designed for issuers requiring compliant reserves, daily liquidity, and low-risk