Latest Crypto News & Market Updates

‘Conviction compounds’ – Sharplink stakes 422 ETH as Ethereum drops below $2K

The second-largest Ethereum digital assets treasury (DAT), Sharplink, has reached 20,590 $ETH in rewards overall. This milestone was reached following a week-long stake of 422 $ETH by Sharplink.　　Remarking on this achievement, Sharplink noted,　　The productivity never stops. The conviction compounds.　　Ethereums market dynamics　　This occurs while Ethereums staking activity spikes, with “Entry” hitting 3,136,667 as of the 3rd of June. In contrast, the “Exit” was at 71,645 that same day.　　Source: validator Queue　　Even though Ethereum [$ETH] was experiencing such positive sentiment, its price was still struggling at $1,872.12, having dropped 5.51% in the previous day.　　Nonetheless, Ethereum has also been experiencing low U.S. spot demand and a dearth of aggressive institutional buying, according to the Coinbase Premium Gap chart, which was at -2.5.　　Source: CryptoQuant　　This occurred as the price of Sharplinks stock was at $5.81 following a 6.14% decline the day before.　　Sharplink vs. Bitmine　　That being said, Shaprlink is far behind Bitmines staking strategy, which has 4,718,677 staked $ETH, totaling $9.5 billion at $2,003 per $ETH thus far.　　Furthermore, the Ethereum holdings of the two companies also point to a significant disparity between them. Sharplink trails Bitmine with 868,699 $ETH valued at $1.63 billion, while Bitmine has 5,416,901 $ETH valued at $11.6 billion.　　It is also impossible to overlook

06-04Exchange

Crypto Long & Short: What about the American consumer？

Welcome to our institutional newsletter, Crypto Long it commercializes it.　　For regulators, tokenized ETFs may offer a pragmatic path forward: enable innovation where investor protections remain intact, rather than pushing demand into parallel channels with greater uncertainty. For exchanges, custodians, brokers and market makers, it could create a new infrastructure layer around products investors already understand.　　For issuers, it may become a race. The firms that combine trusted wrappers, credible assets and functional on-chain rails could capture disproportionate flows. And for allocators, the signal may be simple: blockchain technology is becoming less about novelty and more about plumbing.That is usually when real adoption begins.　　The broader lesson is that distribution often beats disruption:　　Who already has trusted wrappers？　　Who already has liquidity？　　Who already has access to advisors, retirement assets and institutions？　　Who can bridge old rails and new rails fastest？　　Those questions point toward ETFs.　　The next trillion dollars of tokenized assets may not come from inventing something entirely new; they may come from upgrading what already works. Cryptos first era was about building outside the system. Its next era may be about powering the system.　　Headlines of the week　　By Helene Braun　　A few of cryptos biggest debates converged this past week as Michael Saylors Strategy (MSTR) sold bitcoin to

06-04Exchange

Ethena soars 20%: Heres why ENA is rising and how high it can go

Ethena ($ENA) jumped nearly 20% after the Coinbase open-market token purchase news.Anchorage deal expands Ethena into institutional lending markets.The next key resistance level sits at around $0.1367.　　Ethenas $ENA token has recorded a sharp intraday jump of about 19.5%, pushing the price to roughly $0.1025 at press time.　　The sudden rebound has brought Ethena back into focus, especially as trading activity surged to more than $410 million in 24-hour volume, signalling a clear spike in market participation.　　While the broader trend remains down over longer timeframes, the short-term price action reflects a strong shift in sentiment tied to recent ecosystem developments.　　Coinbase Ventures investment in Ethena　　A major driver behind the latest rally is Ethenas deepening relationship with Coinbase.　　Coinbase Ventures made its first-ever investment in Ethena by purchasing $ENA directly on the open market, a move that immediately stood out to traders because it signalled direct alignment rather than a private funding allocation.　　More importantly, Coinbase is not treating Ethena as a passive investment. The two are working on a broader rollout of on-chain savings and financial products designed for Coinbases user base of more than 100 million accounts.　　This includes integration of Ethenas synthetic dollar ecosystem into Coinbase-linked savings products, with early initiatives expected to launch

06-04Exchange

Insurance giant WTW moves into crypto asset recovery with Redefind buy

WTW, a global insurance broker and risk advisory company, has acquired crypto insurance platform Redefind and launched a digital asset protection service that covers expenses related to forensic investigations, asset tracing and legal recovery efforts following theft or loss.　　Redefind is a crypto insurance platform that allows individuals and institutions to purchase coverage for digital assets held across different custody arrangements. The company said its system uses cryptographic proof of ownership to verify insured assets.　　The service is designed as a non-custodial insurance product for digital asset owners and will initially launch in the United Kingdom, with broader market expansion planned. The coverage is focused on recovery-related costs rather than traditional custodial insurance products.　　Redefind founders Richard Daws and Connor Edward joined Willis, WTWs broking business, following completion of the acquisition.　　WTW described the acquisition as part of its strategy to expand services for clients exposed to digital finance, cryptocurrency markets and tokenized assets. The company did not disclose the financial terms of the transaction.　　Insurance companies expand crypto offerings　　Global insurers and brokers are increasingly eyeing expansion into cryptocurrency-related products, investments and payment systems, particularly by integrating digital assets into customer-facing products and services.　　In January, Delaware Life introduced Bitcoin-linked exposure to retirement annuities through a

06-03Exchange

Anoma Launches AnomaPay V1 to the Public, Introducing Multichain Payments on Ethereum

TLDR:End of beta phase:Anoma officially launched the V1 version of its private payments application AnomaPay, expanding its operations beyond initial testing environments.Asset support in V1:The platform natively supports Ethereum (ETH), USD Coin (USDC), Tether (USDT), and XAN, removing the deposit caps that existed in the previous version.Processing times:The system executes confidential transfers using zero-knowledge (ZK) proofs in an approximate time of 15 seconds per operation.　　On Tuesday, Anoma presented its AnomaPay V1 application, introducing multichain payments on EthereumMainnet for the first time. Thanks to this innovation, confidential transfers can be made with existing assets commonly used in the crypto ecosystem. The launch information adds that the architecture relies on Anomas Distributed Operating System (DOS) to minimize friction in institutional and corporate transactions.　　Prior to the launch of this version, on-chain privacy solutions required users to switch to specific networks or purchase exclusive privacy tokens. Now, the interface seeks to mitigate those operational hurdles by eliminating the installation of additional browser extensions. Registrations on the platform can be managed through decentralized access keys (passkeys) or by connecting pre-existing wallets such as MetaMask, Phantom, and Coinbase Wallet.　　Technical Integration and Fee Optimization　　The protocol executes the generation of zero-knowledge cryptographic proofs to hide the financial data

06-03Exchange

Crypto PACs pour $3M into Maryland races as California voters head to polls

While residents of California, Iowa, Montana, New Jersey, New Mexico and South Dakota are voting today in Democratic and Republican Congressional primaries, the cryptocurrency industry is more focused on the Maryland primaries later this month.　　According to filings with the US Federal Election Commission (FEC) as of Tuesday, the Coinbase- and Ripple-backed political action committee (PAC) Fairshake affiliate Protect Progress spent about $3 million combined to support Democratic candidates in House races across California and New Jersey. Another affiliate, Defend American Jobs, spent more than $411,000 to support Republican Senator Mike Rounds reelection bid in South Dakota.　　In addition to its activities in California, Protect Progress appeared to be prepared for significant spending in Maryland, where primary elections are scheduled for June 23.　　FEC filings showed the crypto-backed PAC spent more than $3.1 million on media to support Democratic candidate Adrian Boafo in Maryland‘s 5th district, and about $320,000 on Ritchie Torres’ reelection to New Yorks 15th district, which will also hold a primary on June 23.　　Source: FEC　　Todays California races will be another test of the cryptocurrency industrys influence over US elections after Fairshake and other PACs backed House and Senate candidates who won their primaries in Texas last week. In addition to

06-03Exchange

JTO up 29% as ‘Jito economy’ gains ground: Bulls struggle at $0.70

Jito [$JTO] is up about 29% in the past 24 hours, extending its weekly rally to more than 33%. The daily trading volume has jumped by more than 161.6% to around $123 million, indicating real demand.　　The growing momentum of the ‘Jito economy’ drives the demand, and here is how it is shaping $JTOs trajectory:　　‘Jito economy’ pushing $JTOs price up？　　Many factors influenced the Jito economy, including staking rewards, buybacks from fees, and increased trading activity. For example, different lending and staking protocols increased the average APY from 4% to 5.58%.　　However, that of Bybit rose to 7.30%. This represented an 82.5% increase, framing the token as a key Solana [SOL] infrastructure play. This higher yield created a strong incentive to stake $JTO, effectively locking up supply and reducing immediate sell pressure.　　Source: CoinMarketCap　　Additionally, there was the introduction of JTX fees, which were going to $JTO holders. Several revenue lines representing the ‘Jito economy,’ including JTX and JitoSOL, influenced $JTOs buybacks.　　Despite $JTO getting the fee share from JTX right, its core game was still staking, not the exchange trading of perps and the Spot market. JTX needs to achieve actual volume dominance to be compared with the impact of staking rewards.　　This holder growth was

06-03Exchange

Crossmint enables Visa card payments for AI agents and autonomous commerce

Crossmint, a stablecoin and wallet infrastructure provider, launched an API that enables AI agents to make payments using eligible Visa credit and debit cards, bringing physical card-based transactions to agent platforms.　　According to Tuesdays announcement, the service uses Visa Intelligent Commerce and Basis Theorys payment infrastructure to allow AI agents to make purchases without access to users card numbers while operating within predefined spending limits.　　Crossmint said the payment capability is available through its lobster.cash tool, which can be connected to platforms including Claude Code, OpenClaw, Hermes and Zo Computer. Developers can immediately integrate the payment system through the companys API and documentation.　　Crossmint co-founder Alfonso Gómez-Jordana told Cointelegraph the companys broader payments infrastructure supports both card and stablecoin transactions. Unlike some competing systems that rely on newly issued virtual cards, he said Crossmint tokenizes users existing Visa cards, allowing customers to retain card rewards while authorizing spending by AI agents.　　“Developers building payment capabilities into agents have had no standardized way to handle card credentials, so many have resorted to workarounds that expose raw card numbers directly to the agent environment,” Gómez-Jordana said.　　He said Crossmint is also working with Mastercard and American Express to expand support for agentic card payments beyond Visa.　　Racing to

06-03Exchange

BREAKING: Coinbase Partners with an Altcoin and Buys Tokens – The Falling Price Has Rebounded

Decentralized finance (DeFi) protocol Ethereum has announced a strategic partnership with cryptocurrency exchange Coinbase to bring on-chain finance and savings products to a wider audience.　　The parties aim to grow financial products for over 100 million users in total, and the first initiative of the partnership will be launched next week.　　Ethereum announced that its collaboration with Coinbase aims to accelerate the adoption of on-chain finance and savings solutions. The company stated that the partnerships first growth-focused initiative will launch next week.　　Related News Major Drop in Bitcoin: $1 Billion in Liquidations—What Caused the Drop and Whats the Current Situation？　　Another notable aspect of the partnership is that Coinbase Ventures, the companys investment arm, has invested in Ethereum. Ethereum announced that Coinbase Ventures made an open market investment in its $ENA token.　　In a statement regarding the matter, the company stated that Coinbase Ventures supported Ethereum by purchasing $ENA from the open market. The company added that Ethereum plays a critical role in the on-chain finance ecosystem and expressed its pleasure in collaborating more closely with the company and USDC.　　A graph showing the price fluctuations of $ENA.

06-03Exchange

Ethereum Price Prediction: How Low Can ETH Go If $2K Support Decisively Cracks？

Ethereum remains under pressure after failing to reclaim a major resistance cluster. The price is now hovering around a key long-term support zone. The broader structure suggests sellers still dominate the market, while weakening demand from US investors adds another layer of caution.　　Ethereum Price Analysis: The Daily Chart　　On the weekly timeframe, $ETH has extended its rejection from the major horizontal resistance region around $2.4K. This zone has repeatedly acted as a pivotal level throughout the current cycle and has once again capped upside momentum. The rejection has pushed the asset back toward the ascending trendline that has supported the market since the 2022 bear market bottom.　　$ETH is currently trading around $2K, just above the trendline and the $1.8K demand zone. This area represents the most important support cluster on the chart, as it combines a horizontal support area with the long-term rising trendline.　　As long as $ETH remains above this confluence, the long-term market structure will be intact. However, a decisive breakdown below the trendline and the $1.8K support region could trigger a catastrophic correction toward the next major support area near $1,500 and cause more panic, even among long-term investors.　　On the upside, the $2.4K zone remains the primary resistance. Reclaiming

06-02Exchange

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