Author: John Smith

Ethereum trades near $1,696 as ETF outflows, Fed caution, weak whale activity and rare RSI signals shape the next ETH price move. Source link

Former Ethereum Foundation contributor Trent Van Epps has warned that Ethereum could face a core development funding gap within the next three to nine months.  Summary Van Epps says Ethereum core development may need about $30 million yearly to remain stable. He links the pressure to EF spending cuts and the Client Incentive Program’s expiry now. Protocol Guild and new institutions are presented as possible routes for future Ethereum support funding. In a new article, he said the network may enter a “slow-burning funding crisis” as the Foundation reduces spending and a major client funding program ends. Van Epps worked…

Ireland has identified crypto assets as a “very significant” money laundering and terrorism financing risk and has committed to introducing industry standards governing crypto-related sources of funds by the second half of 2027. Summary Ireland has classified crypto assets as a major money laundering and terrorism financing risk in its latest assessment. Authorities plan to introduce new standards for crypto-related sources of funds by the second half of 2027. The report comes as regulators worldwide tighten oversight of digital asset firms and compliance controls. According to Ireland’s Department of Finance, the policy forms part of an implementation plan released alongside…

Malta’s financial regulator has proposed a new legal category for decentralized autonomous organizations as part of a consultation on how decentralized finance could be regulated under the European Union’s crypto framework. Summary Malta’s MFSA has proposed a new “software-based organization” category that would include DAOs and other DeFi entities. The regulator said many DeFi projects may not qualify as fully decentralized under MiCA due to concentrated governance. The consultation comes as EU regulators review DeFi oversight ahead of MiCA’s July 1, 2026, enforcement deadline. According to a discussion paper published by the Malta Financial Services Authority on June 12, the…

Wealthsimple has secured approval to offer roughly 4,000 prediction market contracts in Canada, expanding retail access to event-based trading through a new partnership with Kalshi. Summary Wealthsimple will launch a prediction markets app in Canada with access to about 4,000 Kalshi contracts. Kalshi’s crypto perpetual futures platform generated more than $5.5 billion in volume within two weeks. Regulatory and legal battles over prediction markets continue to intensify across the U.S. and several international jurisdictions. According to Wealthsimple, the company plans to launch a standalone prediction markets platform called Wealthsimple Predict this summer, giving Canadian investors access to thousands of contracts…

SpaceX has explored a bond offering worth as much as $20 billion while its publicly traded shares have fallen more than 9%, trimming Elon Musk’s fortune by roughly $59 billion from recent highs. Summary SpaceX is considering a bond sale of up to $20 billion to refinance debt due in 2027. SPCX shares fell more than 9% intraday, while Elon Musk’s net worth dropped by $59 billion. Major Wall Street banks remain involved in the financing effort despite investor concerns over leverage. Bloomberg reported, citing people familiar with the matter, that SpaceX and its banking partners are preparing investor discussions…

Kraken has expanded access to more than 2,500 Solana-based tokens through on-chain trading while SOL has fallen nearly 8% amid a wider crypto market selloff. Summary Kraken has launched on-chain trading for more than 2,500 Solana-based tokens across 100+ countries. The feature gives users access to many unlisted Solana tokens using USD or USDC. SOL fell nearly 8% as a broader crypto market selloff outweighed the positive platform update. According to Kraken, customers in the United States and more than 100 countries can now trade thousands of Solana ecosystem tokens directly through the exchange’s platform, including assets that have not…

Lite Strategy has invested $1 million in Litecoin Layer-2 developer ZK Innovations, extending its involvement beyond LTC accumulation and into infrastructure tied to the cryptocurrency’s future development. Summary Lite Strategy invested $1 million in LitVM, a Layer-2 project bringing smart contracts to Litecoin. The deal gives Lite Strategy governance rights and potential exposure to future LitVM tokens. Santiment data showed Litecoin whale wallets rising despite weak transaction activity and recent price declines. According to Lite Strategy, the funding gives the Nasdaq-listed company governance participation rights in the project and the opportunity to acquire a portion of LitVM’s future network tokens.…

U.S. regulators have proposed requiring certain payment stablecoin issuers to verify customer identities under a new rule issued as part of the GENIUS Act framework. Summary U.S. regulators have proposed requiring certain payment stablecoin issuers to adopt customer identification programs similar to those used by banks and credit unions. The proposed GENIUS Act rule would require issuers to verify customer identities while treating permitted payment stablecoin issuers as financial institutions under the Bank Secrecy Act. Regulators said secondary market stablecoin transactions generally would not trigger customer identification requirements, limiting the rules to direct relationships between issuers and customers. The Federal…

Solana has fallen more than 6% from its June 15 high after a rejection at a major resistance zone, combined with a hawkish Federal Reserve outlook, pushed traders into risk-off positioning. Summary Solana fell more than 6% after failing to reclaim the key $75–$76 resistance zone and amid Fed-driven risk-off sentiment. CoinGlass data shows major liquidation clusters between $74 and $76, while support is concentrated near $65–$66. A break below $70 could expose June lows around $62, with the $60 area emerging as the next major downside target. According to data from crypto.news, Solana (SOL) dropped from a recent peak…