Author: driver789

The post Gold and Silver Price Crash appeared first on Coinpedia Fintech News Gold fell below $4,000 for the first time since November 2025, extending its decline to 28% from its all-time high. Silver is down more than 50% from its peak. Over the past 30 hours, gold dropped 3.9%, and silver fell 9.2%, erasing an estimated $1.5 trillion in combined market value. Since the start of the …

One company now holds close to 5% of all the ether that exists, and most of it is staked and off the market. The bull case is a supply squeeze. The bear case is a single buyer propping up a price it is already underwater on. Both can be true at the same time. Summary BitMine now holds roughly 4.7% of Ethereum’s total supply. Most of its ETH is staked, shrinking the liquid float. The bull case is a treasury-driven supply squeeze. The bear case is that one buyer has become the market’s support. On June 22, 2026, BitMine Immersion…

The Ethereum Foundation has cut roughly 20% of its workforce and slashed its budget by roughly 40% as part of a broad reorganization, even as the blockchain it helps steward has seen its highest-ever levels of user activity and is attracting deeper participation from major financial institutions.On June 23, the nonprofit revealed that it dismissed 54 employees following a months-long review of its structure, spending, and long-term responsibilities.Speaking on this move, Vitalik Buterin, Ethereum co-founder, said:I respect my EF colleagues far too much to pretend that there was not much that is lost. They are brilliant people. They are dedicated…

Cboe Global Markets has unveiled Cboe Predicts, a new event contracts platform linked to daily S&P 500 closing levels. The contracts use a three-outcome payout structure, offering full, partial, or zero payouts depending on forecast accuracy. Charles Schwab will distribute the products, while clearing will be handled by the Options Clearing Corporation (OCC). Initial launches are expected in Q2 2026, with June identified as the target rollout period. Cboe is focusing on financial market outcomes rather than sports or political event contracts. Cboe Enters Prediction Markets With New Event Contract Structure NEWS: Cboe Introduces Cboe Predicts, Launching First Products in…

Ethereum traded near $1,672, according to crypto.news market data.  Summary Ethereum price trades below its 200-hour SMA, keeping traders focused on the $1,580 downside target. Spot Ethereum ETFs saw another outflow day, extending pressure on institutional demand for ETH exposure. Binance open interest fell to three-month lows, showing weaker futures activity and reduced risk appetite. The token was down 1.16% over 24 hours and 6.48% over seven days, while daily trading volume stood near $9.23 billion. ETH moved between $1,642 and $1,692 during the same period. The latest move kept ETH below the $1,750 area, which traders have watched since…

Swell, a liquid staking and restaking protocol, is shutting down its Ethereum Layer 2 chain after deciding that slower restaking growth and cheaper Ethereum transactions had weakened the case for keeping it alive.The project told users to bridge assets off Swellchain by June 23 or risk leaving funds on a chain they may not be able to recover. The warning, posted by Swell on X on June 16 and echoed on its homepage, pushed the shutdown beyond a roadmap update and into a live user-recovery problem.Swell had already announced in April that it would shut down Swellchain, its Optimism Superchain…

Zero-knowledge scaling company StarkWare has introduced Private KYC on Starknet, enabling users to complete know-your-customer requirements without revealing their full personal information. The system, announced Tuesday as a demo, uses STRK20 privacy features and zero-knowledge STARK proofs to let users prove specific attributes, such as being older than 18 or holding valid credentials, without revealing their full passport details or address.“Whether you need to prove you’re over 18, hold a valid credential or meet an eligibility rule, verification should only confirm the precise fact,” StarkWare said. Corporations should not collect the full identity behind it, “because every identity database becomes a…

A group of US Senate Democrats is pressing Senate Republicans to open hearings into a reported $500 million investment that links a Trump-linked crypto firm to Abu Dhabi royalty, arguing the transaction could raise national security and conflict-of-interest concerns. In a letter sent Tuesday, the lawmakers urged Republican leadership—who control the Senate’s committee system and set whether hearings move forward—to call witnesses from the Trump administration and to investigate whether the reported deal between the Trump family’s crypto company and a UAE-backed investor influenced decisions made by the president or his officials. The letter also points to broader concerns that…

Eli Ben-Sasson, cofounder of StarkWare and a founding scientist of Zcash, has shared his view on the recent debate around the Ethereum Foundation.  Summary Eli Ben-Sasson said Ethereum should weigh merit and technology more heavily than ecosystem alignment debates. His comments followed Foundation exits and warnings about core development funding pressure within coming months. StarkWare’s past choices on STARKs, Cairo and zkVM were once viewed as misaligned by critics. His comments came as Ethereum faces questions over leadership changes, funding pressure and the role of layer-2 teams in the wider ecosystem. Ben-Sasson said he was not joining criticism of the…

A warning by Ethereum L2 bridge Taiko has given rollup users a scenario they rarely plan for: a security incident in which the safest course of action was to withdraw funds before the bridge layer provided a full public explanation.The network said in a security notice that it had confirmed a compromise of its chain state verification mechanism.Taiko said the security assumptions for all bridges deployed on Taiko could no longer be relied upon and strongly advised users to withdraw funds from all such bridges immediately.It also asked centralized exchanges to suspend TAIKO deposits until an official notice, extending the…