Stablecoins
Legislation
Legislation on a blockchain pilot for Veteran Affairs claims awaits House floor vote
The bill passed its first checkpoint with a June 11 hearing before the House Veterans' Affairs Subcommittee on Oversight and Investigations.
Legal
FTX creditors to receive next round of payouts by Sept 30
The window covers holders of allowed Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims under the confirmed plan.
TradFi
Block joins S&P 500, becomes third Bitcoin holding firm in the index
Block joins the index along with Tesla and Coinbase, with a 0.09% weight and 8,584 BTC in reported holdings.
RWA
Solana’s tokenized stocks surpass $100M in less than a month, yet DeFi use still lags
The largest tokenized stocks, TSLAx and SPYx, have less than 10% ratio of DeFi usage compared to their market caps.
Crypto
Altcoin leverage balloons to $44 billion, setting up whipsaw volatility
Glassnode highlighted that when leverage is stretched and assets trade as a single block, even modest shocks can cascade through forced liquidations.
Adoption
Public companies now hold $3.2B worth of Ethereum, swelling past 865,000 ETH
With public companies expanding their Ethereum treasuries, strategic acquisitions reflect a growing institutional trust in the crypto.
ETF
In-kind redemption for Bitcoin and Ethereum ETFs get ‘positive sign’ as Cboe’s files amendments
James Seyffart described the cluster of filings as a “positive” signal that the Securities and Exchange Commission (SEC) is working with issuers to finalize an in-kind framework.
ETF
Solana’s break above $200 signals institutional appetite, potential to lead next capital wave on altcoins
MEXC Research chief analyst points to ETF anticipation and progress on core infrastructure as main drivers for institutional appetite.
Stablecoins
PNC taps Coinbase to bring crypto trading into client accounts
The bank will allow wealth and asset management clients to trade crypto directly through their accounts, without using a third-party platform.
Legal
FBI drops probe into Kraken founder Jesse Powell, returns seized devices
Powell's attorney requested a DOJ letter to counter the alleged reputational damage caused by the raid.
Crypto
Altcoins benefit from capital rotation as Bitcoin dominance slides amid consolidation
Major cap altcoins registered double-digit price increases last week, as Bitcoin remains close to its recent all-time high.
Technology
Jito proposes a block marketplace to turn Solana into a ‘decentralized Nasdaq’
The Block Assembly Marketplace proposal includes private orders until execution, a public audit trail of every ordered bundle, and scheduling logic through Plugins.
