Ethlabs Launches to Scale Ethereum for Institutions

Former Ethereum Foundation contributors and Ether treasury firms Bitmine and Sharplink have backed a new research and development nonprofit that aims to make Ethereum ready for institutional use. Sharplink said on Monday that the organization, Ethlabs, was formed to “ready Ethereum for the next phase of institutional adoption,” with the company pitching in with Bitmine, … Read more

Franklin Templeton Completes 250 Digital Deal, Launches Crypto Unit

Global asset manager Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital, closing a deal first announced in April and expanding its digital asset business with a new division focused on cryptocurrency investing. As part of the transaction, Franklin Templeton absorbed 250 Digital’s investment team and cryptocurrency strategies into a newly created … Read more

Bitcoin Funding Hits 2-week High: Are Bulls Back?

Key takeaways: The Bitcoin funding rate climbed to 7%, showing confidence, but spot ETF outflows keep a $70,000 breakout on hold for now. Strong order-book bids and lower oil prices helped, but weakness across stocks, bonds, and gold signals a preference for cash. Bitcoin (BTC) flirted with the $65,500 level on Monday after US Vice … Read more

Bitcoin Weekly Liquidations ‘Insane’ as Price Passes $65,000 on Oil Weakness

Bitcoin (BTC) passed $65,000 at Monday’s Wall Street open as exchange order-book liquidity dictated price moves. Key points: Bitcoin hits a new week-to-date high despite US stocks rolling over at the start of trading. Traders’ targets include a move toward $70,000 next. Liquidations are described as “completely insane” as both long and short BTC positions … Read more

Morgan Stanley Amends ETH, SOL ETFs to Reveal Cheap Fees

Morgan Stanley has updated its filings for its Ether and Solana exchange-traded funds, revealing that it plans to charge the lowest fees among its rivals. The company filed amended Form S-1 statements with the Securities and Exchange Commission for each ETF on Thursday, showing it plans to undercut the current market offerings and charge fees … Read more

Secret Network Loses $4.67M in Infinite Mint Exploit

An attacker has used an “infinite mint” bug in a vulnerable smart contract on the Secret Network to create unbacked, wrapped versions of Axelar-wrapped assets, resulting in a $4.67 million exploit.  The exploit happened on June 10 but was discovered a week later on June 17, after a failed cross-chain transaction caused by an “insufficient … Read more