Crypto Industry News & Market Trends

Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000

The bigger move was in stocks. A selloff in semiconductor shares spread to South Korea on Thursday, where the Kospi index fell almost 7% before paring losses. Samsung Electronics and SK Hynix each dropped more than 6%, and Kioxia fell 13% in Japan after a rally that had lifted the stock more than 650% this year.　　The declines revived worries that this years blistering run in artificial-intelligence stocks has outpaced reality.　　Two reports fed the unease. Meta is building a cloud business to sell access to spare AI computing power, Bloomberg reported, which raised concern the company had overbuilt. Apple is in talks to buy chips from two Chinese semiconductor makers, a move that would hurt Korean suppliers.　　The AI trade is where money has flowed all quarter while bitcoin fell, giving the asset a rare back-to-back quarterly loss for only the third time in history. Capital rotated steadily into chipmakers and AI infrastructure as crypto closed a losing first half, so cracks there could ease the pull that has weighed on the market.　　Elsewhere, Brent crude fell to about $70.60 a barrel, its lowest since late February, before the Middle East war began, as traffic through the Strait of Hormuz recovered.

07-02Industry

Kalshi and Polymarket's combined volume surges 75% to $45 billion in June amid World Cup fever

Quick TakeKalshi, Polymarket, and Polymarket US have reported $44.8 billion in combined monthly volume in June, a 75% growth from Mays $25.66 billion.The notable surge in volume can be attributed to the ongoing World Cup, which has attracted millions of dollars in bets on prediction markets.Among the three, Kalshi saw the largest month-over-month increase in volume, growing 87.4% to $31.5 billion from $16.81 billion.　　Kalshi and Polymarket saw their combined trading volume soar last month as the FIFA World Cup 2026 continues to drive bettors into prediction markets.　　According to The Blocks data dashboard, Kalshi, Polymarket, and Polymarket US recorded $44.8 billion in combined monthly trading volume in June, marking a 75% surge from Mays $25.66 billion monthly volume.　　Among the three, Kalshi saw the largest month-over-month increase in volume, growing 87.4% to $31.5 billion from $16.81 billion.　　Polymarkets main, non-U.S. platform attracted $10.26 billion worth of volume last month, up 45% from the previous months $7.08 billion.　　Polymarket had seen a steady decline in monthly volume from March through May, while its U.S.-regulated platform sustained an upward trend. Polymarket US reported $3.04 billion in monthly volume last month, up from $1.77 billion in May.　　World Cup fever　　The sharp volume increase can be attributed to the

07-02Industry

Ark Invest scoops up $18 million in Circle shares as stock dips 41% over past month

Quick TakeCathie Wood-led Ark Invest bought $17.8 million worth of Circle shares on Wednesday.Circle closed down 1% today after falling nearly 18% on Tuesday following the launch of the rival stablecoin project OUSD.　　Cathie Woods investment firm Ark Invest snapped up more shares of Circle Internet Group on Wednesday as the USDC stablecoin issuers stock slipped further.　　The firms latest trading disclosure shows that Ark bought a total of 287,609 shares of Circle across three of its exchange-traded funds — ARKK, ARKW, and ARKF. At todays closing price of $61.95, Ark Invest added roughly $17.8 million worth of the stock.　　Circle (CRCL) closed down 1.1% today after it plunged by nearly 18% during Tuesdays trading session, which marked its worst single-day decline in recent months. It is down 41% over the past month.　　The sharp fall was widely attributed to Open Standard announcing Open USD (OUSD), a new stablecoin backed by more than 140 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase.　　Investors assessed potential competitive threats to Circles USDC, and Coinbases involvement in the new stablecoin project, as the exchange earns roughly 50% of USDCs reserve income under its distribution agreement with Circle.　　No immediate threat　　While CRCL took a heavy hit and extended its decline

07-02Industry

Ethereum Institutional launch draws support from across the Ethereum ecosystem

Spark CEO and co-founder Sam MacPherson said the significance lies less in the creation of another organization and more in what it signals about Ethereums evolution.　　“The interesting signal isnt the organization itself,” he said. “Its that Ethereum is reaching a level of maturity where multiple independent groups are investing in its long-term development. As institutional participation grows, that kind of distributed stewardship will become increasingly important to supporting the next phase of the ecosystem.”　　Asset management firm Bitwise CIO Matt Hougan echoed the development with praise, describing it as an example of Ethereums decentralized ecosystem adapting and strengthening over time.　　“Its kind of awesome to watch a decentralized system heal itself and find ways to make progress,” Hougan wrote on X. “Inspiring stuff.”　　Taken together, the reactions highlight a common theme: supporters see Ethereum Institutional not as a new center of power, but as another independent organization helping position Ethereum for its next phase of institutional growth.　　Read more: Ethereum gets a new nonprofit focused on institutional adoption

07-02Industry

Bitso unveils the 'Hybrid Finance' era as stablecoins reshape global payments

MEXICO CITY, June 23, 2026 — Bitso Business, the B2B arm of Bitso, Latin Americas leading digital financial services company, used the stage of Stablecoin Conference 2026, Latin Americas largest gathering focused on stablecoins and digital payments, to unveil a vision of what it calls the next phase of financial infrastructure: the rise of “Hybrid Finance,” where traditional financial institutions and blockchain-native companies increasingly operate on shared rails.　　The announcement comes amid accelerating institutional adoption of stablecoins globally. During the conference, Bitso released the second edition of its Stablecoin Landscape in Latin America report, revealing that stablecoin payment volumes processed by Bitso Business grew 81% year-over-year during the first half of 2026.　　The report also found that more than 60% of all new institutional clients onboarded by Bitso Business this year were banks and financial institutions, significantly outpacing crypto-native firms and traditional enterprises. According to the company, the data reflects a structural shift in which blockchain infrastructure is moving from an alternative payment mechanism to a core component of modern financial services.　　“Were entering an era of hybrid financial system where its no longer the TradFi world and the digital assets world, but it is just really a set of companies, individuals, businesses

07-02Industry

Robinhood rolls out public blockchain as it expands deeper into crypto

Beyond the Robinhood Chain ecosystem, the company announced several additional product launches and international expansion efforts. Robinhood said it is expanding perpetual futures trading in Europe to include commodities, ETFs and foreign exchange markets alongside crypto. It also plans to launch crypto trading in the U.K. and said its services are now available in Canada following its acquisition of WonderFi.　　The company also unveiled Agentic Accounts for crypto, an AI-powered trading tool that will allow eligible U.S. users to connect AI models to Robinhoods trading infrastructure while retaining control over capital allocation and trading parameters.　　“Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate,” Johann Kerbrat, Robinhoods senior vice president of crypto.　　Robinhoods product push shows how the lines between crypto and traditional finance are continuing to blur. The brokerage has steadily expanded beyond stocks and spot crypto trading into tokenized equities, derivatives and event contracts, better known as prediction markets. That strategy fits into the race for the “everything exchange” to host all kinds of trading and financial activity under one roof, increasingly on top of blockchain rails.　　At the same time, the company also said last month it would lay off 10%

07-02Industry

Ethereum Foundation lays out use cases for governments, institutions in new policy guide

To support its case, the report highlighted Ethereums technical track record, noting that the network has maintained uninterrupted uptime since launching in 2015. Citing a recent OpenZeppelin report, the foundation said Ethereum was secured by roughly $76 billion worth of staked ETH as of March 2026, while emphasizing its geographically distributed validator network, multiple independent client implementations and large developer ecosystem.　　Beyond technical metrics, the report framed Ethereum as digital public infrastructure rather than simply a financial network. It pointed to existing deployments, including decentralized identity initiatives in Bhutan and Buenos Aires and Ethereum-based land registry projects in India, as examples of governments already experimenting with the technology.　　The publication comes as governments around the world increasingly explore blockchain-based infrastructure for identity, asset tokenization and public records. The Ethereum Foundation said policymakers should distinguish between decentralized public blockchains and networks that remain controlled by corporations or foundations, arguing that governance structures will play a critical role in determining which platforms are suitable for long-term public sector use.　　Read more: Ethereum gets a new nonprofit focused on institutional adoption

07-02Industry

Bitcoin breaks above $60,000 after Fed Chair Warsh said inflation risks has come down

SummaryBitcoin climbed back above $60,000 after Fed Chair Kevin Warsh said inflation risks have come down while reaffirming the central banks 2% target.Warsh said AI-driven investment could expand the U.S. economys productive capacity, with potentially significant implications for future monetary policy.Fed officials joined other global central bankers in signaling a move away from explicit forward guidance on interest-rate decisions.　　Bitcoin climbed back above the $60,000 level on Wednesday after Federal Reserve Chair Kevin Warsh said inflation risks had eased while reaffirming the central banks commitment to returning inflation to its 2% target.　　Warsh declined to provide guidance on the Federal Reserves next interest-rate decision, saying policymakers would debate incoming data at their meeting in four weekds, during a panel discussion at the European Central Banks annual forum in Sintra, Portugal.　　Instead, he emphasized that the Fed remained focused on price stability.　　“Inflation risks have come down,” Warsh said. “If there were people in households or the business sector, in the financial markets, who thought that this central bank was going to be comfortable with an inflation objective above 2%, well, I guess theyd be disappointed. Were going to deliver price stability in the U.S.”　　Bitcoin pared earlier losses to trade back above the $60,000 level,

07-02Industry

Jefferies warns against buying the dip in Circle as Open USD raises new competition fears

“Large groups of large companies coordinate poorly, have misaligned incentives, slow things down and rarely create the space for real durable innovation,” he wrote.　　Test for the consortium model　　That skepticism is shared by Lorenzo Valente, director of digital asset research at ARK Invest, who noted that crypto has seen several consortium-backed stablecoin initiatives over the years, including Metas Diem project and Paxos-led Global Dollar Network.　　“Every year we get our consortium-style initiative around a stablecoin,” Valente wrote in an X post. “While the set of players here is obviously potent, I remain highly skeptical any of these initiatives can hit scale.”　　He said Open Standards biggest challenge may be coordinating more than 140 participants with competing interests.　　“A consortium of hundreds of rivals has no precedent for working,” he said. “The pace of decision-making across competitors is going to be glacial.”　　Valente likened the model to decentralized autonomous organizations, or DAOs, whose governance structures often struggled to make timely decisions.　　“Owned by everyone almost always means accountable to no one,” he said. “Id bet on the two operators who can ship unilaterally over a committee that has to ask hundreds of rivals for permission.”　　He also questioned whether large banks, payment networks and technology companies would remain

07-02Industry

Goliath Ventures CEO pleads guilty in $400 million crypto Ponzi case

SummaryFormer Goliath Ventures CEO Christopher Alexander Delgado pleaded guilty to fraud and money laundering in a $400 million crypto Ponzi scheme.Delgado allegedly used investor funds for a lavish lifestyle, including luxury properties and vehicles, while running a fraudulent scheme from 2023 to 2026.He admitted to causing at least $250 million in losses and agreed to forfeit luxury assets; his sentencing is scheduled for October 8.　　Christopher Alexander Delgado, the former CEO of Goliath Ventures, pleaded guilty to fraud and money laundering charges stemming from a crypto investment scheme prosecutors said stole at least $400 million from investors.　　Delgado, a Florida resident, pleaded guilty Tuesday to conspiracy to commit wire fraud, wire fraud and money laundering, according to the U.S. Attorneys Office for the Middle District of Florida.　　He faces up to 20 years in prison for each fraud count and up to 10 years on the money laundering count.　　Goliath Ventures, formerly Gen-Z Venture Firm, solicited investors from at least January 2023 through January 2026 with pitches for monthly payouts it claimed came from crypto liquidity pools, prosecutors said. Delgado admitted in his plea agreement to causing at least $250 million in investor losses.　　Investor money was used to pay earlier investors, fund withdrawals and

07-01Industry

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