Crypto Markets & On-Chain Ecosystem Developments

On June 9, 2026, Ripple submitted a letter to the FDIC regarding the GENIUS Act, proposing pass-through FDIC insurance on eligible stablecoin reserve deposits. The proposal aims to strengthen institutional confidence in RLUSD by enhancing protection for reserve assets and reducing counterparty

According to a CoinShares survey of 261 European wealth management professionals conducted on June 25, 52% of UK advisors reported that over half their clients' digital assets remain outside their management, compared to about one-quarter across Europe overall. CoinShares termed this phenomenon a "m

SushiSwap integrated Orbs-powered dSLTP on June 25, enabling decentralized stop-loss and take-profit automation directly within the platform. The protocol allows traders to set automated execution parameters for risk management and profit-taking while maintaining self-custody of assets. dSLTP is

Gate News message, in Q2 2026, the number of unique crypto investors declined to 651, down from the all-time high of 2,564 investors recorded in 2022. The only period with fewer active investors was 2020, when quarterly participation ranged lower than current

According to The Block, Kraken and Maple launched an on-chain institutional lending warehouse facility on June 25, providing USDC liquidity for OTC lending operations to institutional and high-net-worth clients. Maple funds the facility through a revolving financing mechanism similar to

MemeCore's M token lost nearly three-quarters of its value on Wednesday, wiping out close to $3 billion in market capitalization as the cryptocurrency fell from around $2.92 to a low of $0.51 before stabilizing near $0.74, according to CoinDesk data. The project's development team issued no public s

Bitcoin buyers are defending the $59,000–$60,000 support zone after the cryptocurrency briefly fell through several major support levels. BTC is trading near $60,870 as the second quarter approaches its end. Buyers stepped in after Bitcoin swept below the February low and the monthly 50-period

According to CoinDesk data, MemeCore token (M) crashed approximately 74% on Wednesday, plummeting from around $2.92 to $0.51 and erasing nearly $3 billion in market capitalization. Market cap fell from roughly $3.8 billion to $969 million, dropping below the $1 billion threshold. Trading volume

According to Odaily, Circle and Nomura plan to launch a stablecoin settlement service targeting Japanese enterprises, with a target launch date of 2027. The service will enable companies to conduct instant foreign exchange conversions and cross-border payments using

South Korea's Personal Information Protection Commission (PIPC) fined cryptocurrency exchange Bithumb 210 million Korean won (approximately $136,000) after the company improperly shared users' personal information with overseas platforms without obtaining required consent. The violations occurred

According to BlockBeats, on June 25, Circle and Nomura Securities plan to collaborate to enable real-time foreign currency settlement for Japanese enterprises as early as 2027. The service will allow companies to instantly convert Japanese yen into U.S. dollar-denominated stablecoins for

On June 23 local time, Iran's Permanent Representative to the United Nations Office at Geneva, Baghaei, officially confirmed: The Strait of Hormuz is now fully open to global merchant ships for 60 days, with no transit fees charged during this period. Previously, the US and Iran finalized a roadmap in Bürgenstock, Switzerland, to sprint toward a final agreement within 60 days, establishing a high-level committee to coordinate progress and simultaneously forming special working groups on sanction

According to a statement from CoinEx, the exchange responded to recent Wall Street Journal reporting by denying any cooperation with Iran or its government entities. CoinEx stated that all referenced transactions with entities like Alireza Derakhshan and Zedcex occurred before U.S. sanctions were

According to Odaily, only 231 out of more than 1,200 cryptocurrency companies that applied for MiCA licenses have been approved ahead of the European Union's Markets in Crypto-Assets Regulation (MiCA) final deadline on June 30, 2026. With just five days remaining before the deadline, the approval

Binance co-founder Yi He accused an individual named Zhu Pan of impersonating her to scam Tron founder Justin Sun on June 24, triggering immediate market panic around CoinUp, a crypto exchange linked to Zhu Pan through a listed project. The accusation led to concentrated selling pressure on the

According to Binance co-founder Yi He, on June 24, 2026, allegations that an individual named Zhu Pan impersonated her in a fraud scheme targeting Tron founder Justin Sun triggered panic selling of CoinUp's CPX token. CoinUp denied that Zhu Pan is part of its management or core operations and

This week, Abracadabra's MIM stablecoin plunged to approximately $0.49, losing over 50% of its $1 peg. With a circulating supply of roughly $104 million, the protocol triggered emergency measures including raising interest rates across all Cauldrons and pausing Curve liquidity

According to Foresight News citing The New Straits Times, Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng on suspicion of involvement in a transnational cryptocurrency investment fraud scheme. Thai authorities allege he participated in a criminal network laundering