Uniswap has recorded its largest daily UNI burn under the UNIfication mechanism as Hayden Adams renewed his bullish view on DeFi and Ethereum. Summary Uniswap recorded a new daily burn high after 134,000 UNI tokens were burned in 24 hours. Hayden Adams said he is “extremely bullish on DeFi and Ethereum” despite weak market sentiment….
21Shares has launched the first U.S.-listed exchange-traded funds tied to Hyperliquid’s HYPE token, introducing both a spot product with staking exposure and a leveraged fund tied to the decentralized derivatives platform. Summary 21Shares has launched the first U.S. ETFs tied to Hyperliquid’s HYPE token through spot and leveraged products. Bloomberg ETF analyst James Seyffart said…
Solana has dropped more than 21% from its June high and is now testing a critical support zone near $60 after whale selling, weakening DeFi activity, and a sharp market-wide liquidation event erased several months of gains. Summary Solana price has fallen more than 21% from its June high, with whale selling and weaker DeFi…
After four months of war, the US and Iran reached a deal on June 14. Bitcoin rose 2%, not 20%. The gap between the headline and the price move is a lesson the market learned the hard way, three broken ceasefires ago. Summary Bitcoin’s muted 2% move was not weakness. It was the market pricing…
Citi said the tokenized securities market could grow to $5.5 trillion by 2030 as Wall Street moves more assets onto blockchain rails. Summary Citi sees tokenized securities growing from $17 billion today to $5.5 trillion by 2030 globally. The bank expects tokenized Treasury bills and digital stocks to drive major on-chain demand ahead. RWA growth…
Binance’s plan to reenter the Philippines through local partner BlockShoals Technologies has faced a new regulatory hurdle after the country’s central bank said both firms lack required licenses. Summary Binance and BlockShoals lack the BSP license needed to operate as virtual asset service providers. The SEC StratBox sandbox does not replace separate central bank licensing…
Tom Lee has suggested that BitMine Immersion Technology may not need to keep buying Ethereum beyond its 5% supply target. Summary Tom Lee said BitMine may not need to hold more than 5% of Ethereum supply. BitMine holds about 5.54m ETH, equal to nearly 4.6% of Ethereum’s circulating supply today. Fresh on-chain data showed BitMine…
PiggyBank has closed a hedge tied to LAB after sharp price swings and deeply negative funding rates made the trade too costly to maintain. Summary PiggyBank closed the LAB short after volatility and negative funding breached its internal risk limits. The USDC vault faces a 15% drawdown, while SPYx and JitoSOL show smaller reported declines….
Ether has continued to lag behind Bitcoin during the latest crypto market recovery, with analysts at JPMorgan saying weaker network activity and fading confidence across the altcoin market have kept institutional demand tilted toward Bitcoin. Summary Bitcoin ETFs and CME futures positioning have recovered faster than Ether after the Iran conflict driven market selloff. JPMorgan…
Solana’s distributed real-world asset value has reached a reported all-time high of $2.7 billion, adding a new fundamental catalyst while SOL remains under selling pressure. Summary Solana’s distributed RWA value reached $2.7 billion as institutional tokenization activity expanded across the network. SOL trades near $63, but a TD Sequential buy signal places $77 resistance within…
