Author: driver789
Ethereum Institutional has launched as an independent non-profit focused on accelerating institutional adoption of Ethereum, its Layer 2 networks, applications, and wider ecosystem. Summary Ethereum Institutional launched as an independent non-profit focused on finance firms adopting Ethereum and Layer 2s. BitMine, SharpLink, Joe Lubin, and other contributors are anchoring funding for the new organization. The group will focus on education, intelligence, marketing, standards, requirements, and events for institutions. The group says it will act as a neutral entry point for banks, asset managers, custodians, market infrastructure firms, fintechs, and sovereign institutions. The organization is backed by BitMine Immersion Technologies, SharpLink,…
Ethereum Institutional announced its launch on July 1, folding a year of the Foundation’s go-to-market work into a group pitching Ethereum to banks and asset managers on tokenization and stablecoins.Ethlabs, built by five former senior Ethereum Foundation (EF) researchers, surfaced days earlier with the goal of faster settlement and ETH’s monetary case. Bitmine, Sharplink, and Joe Lubin fund both initiatives.The timing lines up with an organizational unraveling within the Foundation itself, as Hsiao-Wei Wang stepped down as EF co-executive director on June 18, joining Tomasz Stańczak’s earlier resignation and at least eight senior departures over five months.The Foundation’s own March…
Ethereum layer-2 blockchain Taiko reopened its bridge and restored full operations after a June exploit drained up to $1.7 million. On Thursday, Taiko announced that users could once again move funds to and from the network after completing the final stage of its four-step recovery plan. The project said it had made all affected users whole and that any remaining withdrawal limits are temporary safeguards that do not affect normal usage. The reopening ends an 11-day disruption following the implementation of security fixes and the restoration of the bridge’s 1:1 backing.The exploit occurred on June 21 after an attacker compromised Taiko’s chain-state…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
Ethereum traded near $1,615 on July 2 as buyers tried to stabilize the market after weeks of pressure. Summary Ethereum trades near $1,615 as buyers defend support while ETF flows turn positive again. Analysts watch $1,700 to $1,800 as the recovery zone needed for stronger confirmation next move. Staking rate above 33% suggests more ETH is locked despite weak short-term price action. ETH remains close to the lower end of its recent range, but new ETF inflows and stronger staking activity have added fresh data points for traders watching a recovery attempt. The token was up 2.49% over 24 hours,…
BTC ($60,729.00 · Live)-Declines-After-Worst-June.jpg” class=”webfeedsFeaturedVisual wp-post-image” alt=”Analyst Flags Risk Of Further Btc Declines After Worst June Since 2022″ thumbnail=”” decoding=”async” >Bitcoin ended June at $58,526, sliding 20.5% over the month and recording its weakest monthly performance since June 2022. The retreat left the flagship cryptocurrency trading below its 200-week moving average near $62,000, but still above a key on-chain valuation metric known as realized price (around $52,000), a configuration that some analysts interpret as a warning that the market may not have reached a full bear-market bottom. Crypto analyst PlanB, creator of the stock-to-flow pricing model, argued that this price…
Bitcoin pushed higher at the Wall Street open on Wednesday, briefly trading up to the $60,000 area as broader risk sentiment improved and the US dollar eased. TradingView data showed BTC ($60,061.00 · Live)/USD reaching $60,475 on Bitstamp, translating into nearly a 3% gain on the day. The move came after the pair’s June selloff had started July with a bounce from recent multiyear lows, while liquidations across crypto derivatives reportedly totaled more than $200 million over the prior 24 hours, according to CoinGlass. Key takeaways BTC climbed toward $60,500 at the start of the first US session of July,…
Citi cut its 12-month Bitcoin and Ether forecasts as negative ETF flows and slow U.S. crypto legislation weighed on market sentiment. Summary Citi cut Bitcoin’s 12-month target to $82,000 as ETF demand weakened across crypto markets. Ether’s forecast fell to $2,240, with Citi citing weaker flows and soft investor appetite. U.S. crypto legislation delays and treasury-company selling concerns added pressure to Citi’s outlook this week. Reuters reported that Citigroup lowered its 12-month Bitcoin target to $82,000 from $112,000. The bank also cut its Ether forecast to $2,240 from $3,175 in a note dated Tuesday. The cuts marked another downgrade from…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
Circle CEO Jeremy Allaire argued that USDC’s decade-long network of integrations, liquidity and regulatory infrastructure gives it a structural advantage over new stablecoin entrants, while challenging key elements of Open USD’s proposed business model.In a Wednesday X post, Allaire described stablecoin networks as platform businesses driven by network effects, saying sustained investment in integrations, liquidity, regulatory approvals, banking relationships and reserve management creates competitive advantages that are difficult to replicate. He also questioned whether permanently offering free, unlimited minting and redemption would remain sustainable at scale and said returning nearly all reserve income to partners risks “starving an infrastructure.”The comments…