Ethereum Institutional Launches as an Independent Nonprofit
A new nonprofit backed by BitMine, SharpLink Gaming and Joseph Lubin takes on institutional outreach for Ethereum, days after the Foundation cut that work back.
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California's Digital Financial Assets Law Takes Effect
From July 1, any firm serving California residents needs a DFPI licence, with civil penalties running to $100,000 a day for operating without one.
Open USD Unveiled With 140+ Backers as Circle Falls Over 17%
More than 140 companies, including Stripe, Coinbase, Visa and BlackRock, backed Open USD, a consortium stablecoin with fee-free minting that returns reserve income to partners. Circle shares fell more than 17% to a four-month low.
UK FCA Publishes Final Cryptoasset Rules With a 2027 Start Date
The FCA published its final cryptoasset rules, covering trading platforms, custodians, stablecoin issuers and staking providers, with the regime due in 2027.
New York Life's $807B Arm Debuts Tokenization With Centrifuge
New York Life Investment Management, which manages $807 billion, launched its first tokenized product with Centrifuge: an on-chain high-yield corporate bond portfolio bought and sold in USDC. It moves Wall Street tokenization past Treasuries and into credit.
Polymarket Users Lose $3.1M in a Frontend Supply-Chain Attack
Polymarket raised the total stolen in a June 25 attack on its website to $3.1 million, taken from 11 wallets after a vendor's script served malicious code.
Franklin Templeton Closes 250 Digital Deal, Opens Franklin Crypto
The $1.7 trillion manager closed its 250 Digital acquisition and opened a crypto division under Christopher Perkins. Terms were not disclosed.
Ethereum Foundation Cuts 54 Staff and 40% of Its 2026 Budget
The Ethereum Foundation confirmed its largest-ever restructuring: 54 roles gone, about 20% of staff, and a 2026 budget cut of roughly 40%. Co-Executive Director Hsiao-Wei Wang resigned, and Privacy and Scaling Explorations is being wound down.
ESMA Sets a July 1 Stop for Crypto Firms Without MiCA Approval
ESMA published a public statement on June 23 as MiCA's national grandfathering regimes end across the EU on July 1. Providers without authorization must immediately stop onboarding clients and cease marketing, and national regulators may take coordinated action after the deadline.
A Leaked Approval Drains $7.5M From the jaredfromsubway MEV Bot
Fake token pools baited the jaredfromsubway.eth MEV bot into leaving approvals with attacker-controlled contracts, which drained $7.5 million from it.
Warsh's First FOMC Holds Rates, but Nine of 18 Now See a Hike
The Fed held its benchmark rate at 3.50%-3.75% in Kevin Warsh's first meeting as chair, but nine of eighteen officials now project at least one hike by year-end, against none in March. Bitcoin fell to $64,800 before steadying near $65,300.
Japan's Lower House Passes Bill Treating Crypto as Financial Instruments
Japan's House of Representatives passed a bill on June 11 moving crypto from the Payment Services Act to the Financial Instruments and Exchange Act. Tokens gain equity-style insider-trading rules and 10-year penalties, paired with a move to a flat 20% tax.