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Ethereum pivots from retail trading to institutional settlement hub, Bitwise says

Bitwise data shows Ethereum now handles more institutional stablecoin flows than retail retail trades. Ethereum (ETH) isn’t just for non-fungible tokens or and decentralized finance degens anymore. According to a new analysis from Bitwise Europe, the network’s base layer is quietly transforming into a heavyweight settlement system for institutional money — while retail activity shifts…

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ASIC files civil proceedings against ex-Blockchain Global director in fallout from ACX collapse

The Australian Securities and Investments Commission has filed civil proceedings against former Blockchain Global director Liang “Allan” Guo over alleged breaches of directors’ duties linked to the collapse of ACX Exchange. According to a May 28 press release from the regulator, ASIC alleges that Guo was involved in the mismanagement of customer funds and failed…

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