Crypto News
Warsh’s Hawkish Hold and 3.6% Inflation Forecast Pressure Bitcoin
Federal Reserve Chair Kevin Warsh delivered a hawkish hold at his inaugural FOMC meeting on June 16-17, 2026, keeping rates steady at 3.50%-3.75% while projecting a significantly more restrictive policy path ahead. The Committee’s sharply elevated inflation forecasts and signals of continued rate hikes this year have tightened financial conditions and pressured liquidity-sensitive assets, including...
Senate Passes CBDC Moratorium Through 2030, Protects Stablecoins
The U.S. Senate voted overwhelmingly on Monday to impose a moratorium on Federal Reserve digital currency issuance through 2030, reflecting deep bipartisan skepticism toward central bank digital currencies even as regulators tighten oversight of private stablecoins. The 85-5 passage of the measure, embedded within the 21st Century Road to Housing Act, marks the strongest congressional...
Taiko Layer-2 Bridge Exploit Drains $1.7M, Halts Network
Taiko, a prominent Ethereum layer-2 network, halted all block production on June 22 and instructed users to withdraw funds after an attacker exploited its bridge infrastructure, draining approximately $1.7 million before the team froze activity. The incident marks another critical vulnerability in cross-chain bridge security, adding to a devastating year for the DeFi ecosystem that...
Here’s What Happened in Crypto Today
Macroeconomic headwinds intensified pressure on digital asset markets today as Federal Reserve rate hike signals sent Bitcoin and Ethereum tumbling below critical support levels, while regulatory developments and software glitches across multiple blockchain networks compounded losses. Institutional players, however, continued counter-trend accumulation strategies, with major mining operations reportedly amassing significant Ethereum holdings despite the weakness....
Schwab Enters Prediction Markets With Cboe, Challenging Kalshi and Polymarket
Charles Schwab’s entry into prediction markets through a partnership with Cboe Global Markets marks the most significant mainstream institutional move into crypto-adjacent derivatives in 2026, threatening to reshape market share in a sector that has been dominated by crypto-native platforms. The brokerage, which manages roughly 13 trillion dollars in client assets, plans to offer binary...
XRP Slumps Below $1.13 Support Amid xrpld Software Glitches
XRP has fallen below a critical technical support level at $1.13 following a software release that sparked network stability concerns across the XRP Ledger community. The 3.33% decline over the past 24 hours underperforms a weakening broader cryptocurrency market, with heavy liquidations in derivatives markets amplifying selling pressure despite strong institutional ETF inflows. The Technical...
Fed Rate Hike Signals Send Bitcoin, Ethereum Below $63k
The Federal Reserve’s June 17 decision to hold interest rates steady while signaling potential rate hikes later this year has triggered a sharp selloff across cryptocurrency markets, erasing gains made earlier in 2026 and reshaping investor expectations for monetary policy through year-end. Bitcoin and Ethereum have declined more than 2 percent since the announcement, extending...
SEC-CFTC Joint Review Could Reshape Crypto Derivatives Classification
The SEC and CFTC have launched a joint review of U.S. derivatives rules and are seeking public comment on how existing regulations should apply to crypto products, marking a significant escalation in regulatory clarity efforts just as CME Group challenges the CFTC’s approval of perpetual futures contracts. The 60-day public comment period follows the agencies’...
Bitmine Accumulates $10B in Ethereum Amid Price Weakness
Bitmine Immersion Technologies has accumulated 76,881 ETH over the past week, bringing its total Ethereum holdings to 5.62 million tokens worth approximately $10.1 billion as of the latest valuation, even as broader cryptocurrency markets face headwinds from Federal Reserve policy signals and a strengthening dollar. The institutional accumulation represents a deliberate countercyclical bet that current...
Here’s What Happened in Crypto Today
The crypto market faced a turbulent day on June 21, 2026, as Federal Reserve rate hike signals triggered sharp declines across major cryptocurrencies, while the sector grappled with mounting security concerns highlighted by a significant bridge exploit and a second major hack in weeks. Adding to the headwinds, the Ethereum Foundation disclosed an eighth senior...
Ethereum Foundation Faces Leadership Crisis as Eighth Senior Official Resigns
Ethereum Foundation co-executive director Hsiao-Wei Wang announced her resignation effective immediately on Thursday, June 18, 2026, marking the eighth senior-level departure from the organization in five months and intensifying concerns about institutional stability at the protocol’s steward. Wang’s exit follows a broader exodus that has left the foundation without permanent leadership in its most technically...
Humanity Protocol Executes Multi-Exchange Token Swap After $36M Hack
Humanity Protocol is executing a coordinated token recovery operation across major crypto exchanges after a June 8-9 breach exposed catastrophic security failures at the identity-verification startup. The attack, which saw attackers steal or mint approximately 447 million H tokens worth roughly $36 million, has forced the project into an emergency 1:1 token swap across six...