Author: John Smith

SOIL has positioned itself to become the first application to use XRP Ledger’s proposed native lending infrastructure as the network considers activating the XLS-65 and XLS-66 amendments. Summary SOIL is preparing to become the first application to use XRP Ledger’s proposed native lending infrastructure. The XLS-65 and XLS-66 amendments would introduce on-chain lending, liquidity pools, and yield products to XRPL. XRP Ledger recently launched version 3.2.0, while XRP price remains near a projected $1 support retest. According to a recent update shared by SOIL on X, the regulated yield protocol is preparing to operate on the XRP Ledger Lending Protocol…

Bitcoin price has confirmed a bearish head-and-shoulders breakdown, putting the $60,000 support zone under pressure as traders react to easing Middle East tensions and persistent institutional selling. Summary Bitcoin price has confirmed a bearish head-and-shoulders breakdown, exposing a potential decline toward the $57,500 support zone. More than $600 million in crypto liquidations, persistent ETF outflows, and weak Coinbase premium data have added to selling pressure. Traders are closely watching the $60,000-$60,600 support area, with a break below it risking a deeper correction. According to data from crypto.news, Bitcoin (BTC) price dropped from an intraday high near $64,500 to a low…

Ethereum Foundation has cut roughly 20% of its workforce, eliminating 54 positions as part of a sweeping organizational overhaul tied to its long-term development strategy. Summary Ethereum Foundation has cut 54 jobs, reducing its workforce by roughly 20% as part of a major restructuring. The organization has reorganized into five divisions while Ethereum developers continue work on the Glamsterdam upgrade and other protocol improvements. Affected employees will receive severance, transition support, and grants as the foundation shifts resources toward long-term priorities. According to the Ethereum Foundation, the workforce reduction concludes a months-long restructuring process carried out under the organization’s Mandate…

SpaceX stock has remained under pressure after Susquehanna initiated coverage with a $170 price target while warning that the company’s valuation depends on aggressive growth assumptions. Summary Susquehanna initiated SpaceX coverage with a neutral rating and a $170 price target. The brokerage warned that the stock’s valuation relies on aggressive revenue and EBITDA growth forecasts. Peter Schiff flagged a potential surge in share supply, while ARK Invest continued buying the recent dip. According to a research note from Susquehanna, the brokerage assigned SpaceX a neutral rating and set a $170 target for the stock as shares continue trading below their…

The European Parliament’s Economic and Monetary Affairs Committee has approved its position on the digital euro package, advancing legislative work on a proposed central bank digital currency that the European Central Bank wants ready for potential issuance by 2029. Summary European lawmakers approved the latest digital euro proposal, bringing the ECB backed CBDC a step closer to a potential 2029 launch. The draft includes offline payments, privacy protections based on zero knowledge proofs, and limits on how much digital euro individuals can hold. The vote comes as European officials push ahead with digital euro plans while private sector initiatives such…

Wintermute said crypto markets absorbed a risk reset before U.S. equities could fully respond, after the Federal Reserve held rates steady and U.S.-Iran talks lost momentum.  Summary Bitcoin moved before Wall Street reopened, turning weekend geopolitics into an early crypto stress test. Fed rate doubts returned as Warsh’s shorter statement removed guidance and kept inflation fears active. Strategy kept buying Bitcoin, but weaker ETF demand left the market without strong new buyers. The market maker’s June 22 update said Bitcoin fell while stocks were still shielded by the Juneteenth market closure. It framed the move as a timing gap between…

The Ethereum Foundation’s wider ecosystem push has triggered fresh debate over funding, accountability and communication.  Summary Ethereum Foundation-linked ecosystem groups drew backlash as users questioned funding sources during weak ETH performance. Ethlabs gained Joe Lubin support and five former Foundation researchers this week publicly. Funding transparency, budgets and accountability now sit at the center of Ethereum’s governance debate. The discussion follows attention on groups such as Ethlabs, EthAppsGuild and Argot, which form part of a broader move to spread Ethereum research, tooling and adoption work across more independent organizations. “Who is paying for all of this?” became the central question…

India’s Financial Intelligence Unit has asked at least three major crypto exchanges to share data on over-the-counter crypto transactions above $10,000, according to The Economic Times.  Summary India’s FIU requested crypto OTC trade records above $10,000 from three major exchanges this month. FIU wants beneficial ownership data for private companies, intermediaries and entities behind OTC deals. Exchanges must preserve OTC records from January 2026 as India tightens AML pressure on crypto. The request followed a meeting in late May and covers records that exchanges must trace and preserve from January 2026 onward. The directive focuses on large private trades that…

Three crypto trade groups have asked Congress to pass the Tax Clarity for Mining and Staking Act without changes.  Summary Crypto lobby groups want Congress to pass H.R. 9175 without changes to protect validator rewards. The bill lets miners and stakers choose tax timing when receiving or selling crypto rewards. Banks argue deferred taxation would favor crypto yield over dividends, interest and other savings products. The Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber made the request in a June 21 letter to committee leaders Jason Smith and Richard Neal. The groups said the bill should pass…

Ethereum has added a new independent research organization backed by Joe Lubin, Bitmine, and Sharplink, bringing together five former Ethereum Foundation researchers. Summary Ethlabs launches with backing from Joe Lubin, Bitmine, Sharplink, and other Ethereum ecosystem contributors. Five former Ethereum Foundation researchers have joined the nonprofit to focus on core protocol research. The organization will study scaling, settlement, interoperability, and infrastructure for institutional adoption. According to an announcement from Ethlabs, the newly launched nonprofit research group has secured support from Bitmine, Sharplink, Anchorage, Octant, SNZ, and other Ethereum ecosystem participants. The organization did not disclose how much funding it has…