Market news
Crypto, stocks, forex and macro, aggregated for traders.
Grayscale's Pandl Says Bitcoin Looks Cheap, Two Risks Remain
Grayscale head of research Zach Pandl says Bitcoin appears undervalued but investors are monitoring two major risks.
US Bitcoin ETFs Record Largest 30-Day Outflow at $6.4B
US Bitcoin ETFs saw $6.4 billion in outflows over the past 30 days, the largest such outflow on record. Crypto funds overall posted their fifth consecutive weekly outflow.
US Catholic leaders slam CLARITY Act’s Section 604 over trafficking concerns
Eighty Catholic leaders and anti-trafficking activists in the US have criticised Section 604 of the CLARITY Act, arguing it would hinder oversight of illicit financial flows and create vulnerabilities for transnational criminal groups.
Trump's Crypto Promises: Mixed Progress Mid-2026
Two years after his pro-crypto campaign, President Trump's administration has fulfilled some digital asset pledges while others remain stalled in Congress.
CryptoQuant Analysts Recommend Strategy Suspend Bitcoin Purchases, Restore USD Reserves
CryptoQuant analysts advise Strategy to halt bitcoin buying and rebuild US dollar cash reserves following a sharp decline in STRC dividend coverage.
Korea Chip Crash Exposes Crypto's Leveraged Risk
South Korean chip stocks Samsung and SK Hynix plunged over 12%, triggering a rapid unwind of leveraged ETFs that have gathered $9.1 billion since May, 92% of which are retail-held. The FSS governor acknowledged oversight was too late. The same retail capital is now driving a negative Kimchi premium (-1%) with Bitcoin at $62.4K, suggesting the chip selloff is weighing on crypto markets.
Ethereum Foundation Announces Major Reorganization, 40% Budget Cut
The Ethereum Foundation has announced a major reorganization and a new governance structure. Co-founder Vitalik Buterin also revealed a ~40% budget reduction as the foundation shifts to a long-term capital management model.
Price vs Market Cap: Why 10T Supply Token at $0.00001 Means Little
A token with a 10 trillion supply and a tiny price per coin can still have a massive market cap. The post uses a pizza cutting analogy to explain why price alone is misleading.
EU Parliament Committee Approves Digital Euro Bill
The European Parliament's Committee on Economic and Monetary Affairs voted 43-14 to approve a digital euro bill. The digital euro would be an electronic form of central bank money issued by the ECB, with mandatory acceptance for most businesses and storage limits for citizens.
Virell Trade Launches Stabliq Wallet for Stablecoin Transactions on Ethereum and TRON
Virell Trade introduces Stabliq Wallet, a non-custodial wallet enabling stablecoin transactions without holding native tokens for gas fees on Ethereum and TRON.
Ex-BIS head Carstens sees stablecoins coexisting with fiat, urges regulatory coordination
Former BIS chief Agustín Carstens says stablecoins could drive financial innovation and inclusion, but require better global regulatory coordination.
Hut 8 Agrees to $2.35M Settlement in Class Action Over Merger
Hut 8 has agreed to pay $2.35 million to settle a class action lawsuit tied to its 2023 merger with US Bitcoin. Plaintiffs alleged the company overstated deal benefits and failed to disclose issues at its King Mountain mine.
Ethereum Foundation Interim Director Warns Toxic MEV Risks, Encrypted Mempools Not a Panacea
Ethereum Foundation interim executive director Bastian Aue outlined a mandate execution plan, warning that toxic MEV could become the next major front in the cypherpunk war if users rely on a limited set of infrastructure intermediaries.
US Crypto Groups Urge Congress to Pass Mining and Staking Tax Bill Without Amendments
The Blockchain Association, Crypto Council for Innovation, and The Digital Chamber have called on the US Congress to pass the Tax Clarity for Mining and Staking Act unchanged, opposing a proposed five-year deferral limit.
Bitcoin Drawdown at 49% Less Severe Than Previous Cycles – Galaxy Research
Bitcoin is currently down about 49% from its cycle high, a drawdown significantly milder than the 70%–90% crashes observed in prior market cycles, according to Galaxy Research.
Ethereum Undervalued, Says SharpLink CIO
SharpLink CIO Matthew Sheffield argues Ethereum is significantly undervalued, suggesting traditional valuation frameworks miss the bigger picture. He explains his view in a recent interview.
Crypto Digest: Bitcoin ETF Outflows, Taiko Hack, Stablecoin Depeg
Bitcoin ETFs saw a record streak of outflows, the L2 network Taiko was hacked, and stablecoin MSUSD lost its dollar peg. Other stories include Toss Bank partnering with Solana, Polymarket paying for staged betting videos, and a proposal to redirect validator rewards to Ethereum development.
Q2 Crypto Hacks Hit Record 83 Incidents, Losses Exceed $755 Million
The second quarter saw a record 83 crypto protocol hacks, with total losses of $755.3 million. The largest attacks targeted KelpDAO and Drift Protocol, while cross-chain bridge incidents accounted for $351 million.
Tether Blacklisted 2362 Addresses, Blocked $1.64B in Six Months
USDT issuer Tether has added 2,362 addresses to its blacklist over the past six months, freezing $1.64 billion in tokens across Ethereum and TRON networks. The move highlights the centralized control even on non-custodial wallets.
Bank of England Eases Stablecoin Reserve Requirements, Cuts Central Bank Deposit Ratio to 30%
The Bank of England has finalized its rules for systemically important stablecoins, lowering the required share of reserves held at the central bank from 40% to 30% and allowing the remainder in short-term UK gilts.
Ethereum Research Forum Proposes Redirecting Up to 10% of Staking Rewards to Fund Ecosystem
A new proposal on the Ethereum Research forum suggests a hard fork to allow validators to redirect up to 10% of their staking rewards to ecosystem funding, with mandatory participation if 51% approve a rate above zero.
Main Street Stablecoin MSUSD Loses Dollar Peg, Crashes Over 90%
The MSUSD stablecoin from Main Street depegged on June 20, falling to around $0.25 after reserve auditor Accountable terminated the relationship. The incident triggered panic and a $39 million vault closure at Altura.
Toss Bank and Solana Foundation Partner on Blockchain-Based Finance
South Korea's Toss Bank has signed an MOU with Solana Foundation to develop blockchain-based financial infrastructure, starting with cross-border stablecoin transfers.
Taiko State-Proof Mechanism Compromised; $17M Lost in Bridge Attack
Taiko's blockchain state-proof mechanism was compromised, compromising all bridge security. Developers urge users to withdraw funds immediately. Analysts estimate $17 million in losses.