Crypto News
Ripple Secures EU MiCA License, Eyes 30-Nation Expansion
Ripple has secured a preliminary Crypto Asset Service Provider license from Luxembourg’s Commission de Surveillance du Secteur Financier under the European Union’s Markets in Crypto-Assets (MiCA) regulation, marking a watershed moment for the company’s continental expansion. The approval, granted on June 23, 2026, positions Ripple Payments to operate across all 30 European Economic Area nations...
Ethereum Foundation Cuts 20% Staff, Slashes Budget 40% Amid Leadership Exodus
The Ethereum Foundation has eliminated 54 positions—roughly 20 percent of its workforce—while slashing its annual operating budget by 40 percent, marking a dramatic restructuring that signals a fundamental shift in how the organization will support Ethereum’s development. The cuts, announced on June 23 by Vitalik Buterin, follow the immediate resignation of executive director Hsiao-Wei Wang...
BitMine Russell 1000 Inclusion Unlocks Ethereum Treasury Bid
BitMine’s Russell 1000 inclusion on June 26 marks a watershed moment for Ethereum institutional adoption, forcing passive fund managers overseeing roughly 4 trillion dollars in assets to justify any underweight in the largest corporate ETH treasury holder. The move comes as Bitcoin battles to hold above 66,000 dollars and Ethereum languishes near 1,500 dollars, with...
Here’s What Happened in Crypto Today
Bitcoin plummeted below $60,000 on June 26 as a combination of Federal Reserve hawkishness and massive institutional liquidations gripped the cryptocurrency market. An $11 billion options expiry cascade and aggressive fund exits created a perfect storm that dominated trading floors throughout the day. Meanwhile, regulatory and DeFi developments continued reshaping the sector’s infrastructure landscape. Bitcoin’s...
Bitcoin Options Expiry Triggers $11B Liquidation Cascade
Bitcoin and Ethereum options worth approximately $11 billion expired on Friday, June 26, as cryptocurrency markets plunged to fresh two-year lows amid a broader selloff triggered by inflation concerns and massive liquidations. The expiry included roughly 153,500 Bitcoin contracts valued at $9.3 billion, occurring during one of the most volatile weeks for digital assets since...
Kraken Eyes 15% Aave Stake in $71M Strategic DeFi Push
Kraken is in advanced discussions to acquire a 15 percent stake in Aave, the largest decentralized lending protocol, by investing approximately 35,000 ether in a deal that values the DeFi giant at $385 million. The move marks a watershed moment for institutional capital flowing into decentralized finance infrastructure and signals a dramatic shift in how...
Fed Chair Warsh’s Hawkish Pivot Sends Bitcoin Below $60,000
Kevin Warsh’s debut as Federal Reserve chairman has triggered the worst crypto selloff in months, with Bitcoin plummeting below $60,000 and Ethereum collapsing toward $1,550 as markets digest a dramatically hawkish policy pivot announced June 18. The new Fed leadership removed key easing language from its statement and signaled potential rate hikes ahead, while simultaneously...
Catholic Bishops Challenge CLARITY Act Over Trafficking Safeguards
Nearly 100 Catholic bishops have formally opposed the CLARITY Act, arguing that a key provision designed to protect cryptocurrency developers would weaken federal safeguards against human trafficking and financial crimes. The letter, sent Tuesday to Senate leadership by the Alliance to End Human Trafficking, marks a significant moral and institutional challenge to legislation that has...
Bitcoin Crashes Below $60K as Institutional Exodus Accelerates
Bitcoin has collapsed below $60,000 as institutional investors execute a mass exodus from crypto assets, marking the largest redemption wave from spot Bitcoin ETFs since their launch. The world’s largest cryptocurrency fell to $59,792 by midnight UTC on June 26, representing a 2.11% decline over 24 hours, while Ethereum dropped 3.37% to $1,567 amid a...
Here’s What Happened in Crypto Today
Crypto markets plunged to multi-month lows on June 25 as Federal Reserve hawkishness triggered a broad investor exodus, with Bitcoin sliding to a 21-month low while regulatory headwinds intensified on Capitol Hill. The Senate’s flagship crypto clarity bill collapsed over unresolved ethics language, jeopardizing an August legislative deadline and leaving the industry without promised regulatory...
CoinEx Traced Funneling $3.84B to Iran, Sanctions Evasion Probe Finds
Blockchain intelligence firm TRM Labs has traced approximately $3.84 billion in flows between the cryptocurrency exchange CoinEx and sanctioned Iranian entities over the past seven years, according to a Wall Street Journal investigation published today. The finding marks one of the largest sanctions evasion schemes uncovered in the crypto sector and has triggered immediate regulatory...
XRP Crashes to Critical Support Amid Market Rout, Institutions Accumulate
XRP has collapsed to critical support levels near $1.05 as a broad cryptocurrency market sell-off intensifies, with the token down 9.10% over the past week despite persistent institutional accumulation signals. Trading at $1.074 as of June 25, 2026, the Ripple-backed asset faces immediate technical pressure on heavy volume, yet contrarian data from spot ETF inflows...