Ethereum processed just over 2.88 million transactions in a single day last Friday — the highest daily total in its history. What made this moment particularly noteworthy was that it occurred in the context of unusually low average transaction fees. At first glance, that seems paradoxical. Activity spikes on Ethereum have historically coincided with congestion,
Strategy co-founder Michael Saylor has defended the company’s Bitcoin-backed capital strategy after its STRC preferred stock fell well below its $100 par value and triggered fresh criticism from market participants. Summary Michael Saylor defended Strategy’s Bitcoin strategy as STRC plunged below its $100 par value. Peter Schiff floated fraud allegations while questioning Strategy’s promotion of
Ripple’s dollar-pegged stablecoin RLUSD made two concrete infrastructure moves this week: cross-chain routing platform Squid integrated RLUSD for single-transaction swaps across more than 100 blockchains and 20,000-plus tokens. Ripple took a strategic stake in African payments giant Flutterwave at a $3.2Bn Series E valuation to embed RLUSD and the XRP Ledger into payment rails spanning
Jake Chervinsky has accused CME Group of using a lawsuit against U.S. crypto perpetual futures to protect its position in a market where the exchange reportedly controls about 92% of exchange-traded derivatives volume. Summary Jake Chervinsky called CME’s lawsuit against the CFTC a “shocking miscalculation” and an “unforced error.” Hyperliquid Policy Center cited Better Markets
If approved, the ETFs could begin trading as early as September. While regulatory approval is not guaranteed, the filing signals growing institutional comfort with marrying traditional equities and cryptocurrency in regulated wrappers. These filings follow the recent debut of BlackRock’s Income ETF, which allows institutions to monetize cryptocurrency’s volatility. The 11 spot bitcoin ETFs in
The Philippine SEC has reinforced its support for real-world asset tokenization as four companies, including a tokenized real estate project, advance through its regulatory sandbox. Summary Philippine SEC says existing laws can support tokenized real-world assets and related investment products. Four companies are testing new financial products in the SEC’s Strategic Sandbox, including tokenized real
Two Texas brothers have pleaded guilty to federal robbery charges after prosecutors said they kidnapped a Minnesota family and forced the transfer of more than $8 million in cryptocurrency. Summary Two Texas brothers pleaded guilty after prosecutors linked them to an $8 million crypto kidnapping and robbery. Victims were allegedly held at gunpoint for hours
Kalshi, the prediction markets platform that has become the dominant force in U.S. event contracts, is in informal talks with investment banks about a potential initial public offering, The Information reported Thursday, citing sources familiar with the company’s financials. The disclosure caps a period of rapid transformation for the four-year-old company. Kalshi’s annualized revenue has
Axelar has disabled its Secret Network bridge connections after a security incident resulted in the loss of roughly $4.7 million worth of bridged assets. Summary Axelar disabled Secret Network bridge routes after a $4.7 million exploit tied to a Secret-side ICS-20 contract. The company said the incident appears limited to Axelar-bridged assets on Secret Network,
Solana raises new stake account minimum to 1 SOL after SIMD-0490, while Everstake launches Blockspace access. Solana has raised the minimum stake delegation for new stake accounts to 1 SOL. The network-level change, known as SIMD-0490, went live on June 18, 2026. The rule applies only to new stake accounts created after the update. Existing
