Coinbase’s Base blockchain went dark for nearly two hours on Thursday after a single invalid block triggered a consensus failure that froze the entire network, and the incident has reignited a blunt question about whether the most-used Ethereum Layer 2 is actually ready for the 24/7 global finance role its creators are pitching. No funds…
In addition, Tom Lee’s Bitmine continues to stake ETH tokens. With the latest major price moves (and mostly corrections) in the cryptocurrency markets, certain major players and whales have returned to act accordingly. However, on-chain data from Lookonchain shows significant divergence between what SharpLink and some OG whales did. Here’s the Ethereum edition. SharpLink…
The CLARITY Act has the votes and the momentum to become law, having cleared the House and a key Senate committee. It is stuck anyway. The deepest reason is not crypto skepticism but a fight over the president’s own crypto empire, estimated in the billions, and whether the rules should restrain it. Summary The CLARITY…
In crypto news today (June 26), BTC USD continues its struggle to hold key support at $60,000, currently trading around $60,200. Liquidations hit $1Bn over the past 24-hours, with more than $845M from long positions. Worryingly, ETF flows have become extremely bearish, as yesterday saw $691M in Bitcoin outflows, coupled with Wednesday’s $469M flows, taking…
Meanwhile, the project’s native token continues to flirt with ATL levels. With just a couple of days left to the second most anticipated day throughout the year for Pioneers, the team behind the protocol published a new vibe coder campaign. It will allow users to participate by joining relevant creator or developer communities, and…
Invesco has filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund that will invest in cash and short term U.S. Treasury securities for stablecoin reserve management. Summary Invesco has filed to launch a tokenized money market fund designed for stablecoin reserve assets under the GENIUS Act. Superstate will provide…
The end of another week and month has arrived, which means a larger-than-usual crypto options expiry event, as it is also the end of Q2. Around 153,500 Bitcoin options contracts will expire on Friday, June 26, with a notional value of roughly $9.3 billion. This event is much larger than usual, being the end of…
On-chain investigator ZachXBT has warned that centralized exchange AscendEX may be delaying user withdrawals due to possible liquidity stress. Summary ZachXBT says AscendEX users reported withdrawals delayed for days or weeks without clear processing updates. Known hot wallets appear short of large assets, raising fresh concerns about exchange liquidity. The alert follows wider scrutiny of…
June saw the highest miner-to-Binance Bitcoin transfers in four months. Bitcoin miners significantly increased their transfers to Binance during June. Data suggests that the total miner inflows to the exchange have surpassed 150,000 BTC. According to CryptoQuant, the figure marks the highest level of miner deposits to Binance in more than four months and…
Aave founder Stani Kulechov has rejected reports suggesting Aave would sell AAVE tokens to Kraken at a roughly 70% discount, while confirming that discussions around long-term strategic partnerships have taken place. Summary Stani Kulechov rejected claims that Aave would sell AAVE tokens to Kraken at a roughly 70% discount. Kulechov said all Aave Protocol revenue…
