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PUMP Outlook remains cautious as price struggles below resistance despite recovering from recent lows and defending important intraday support.
Bearish momentum persists while weak recovery volume and moving averages continue limiting bullish confirmation across lower timeframes.
Short-term direction depends on reclaiming resistance, while support defense remains essential to prevent renewed selling pressure.
PUMP Outlook remains cautious as traders monitor resistance, declining momentum, and volatile trading conditions while assessing whether recent recovery efforts can challenge the prevailing bearish market structure.
Bearish Structure Continues Limiting Recovery
Alpha Crypto Signal shared a lower-timeframe assessment of PUMP's technical structure. The analysis focused on persistent resistance following the latest recovery attempt.
Source: X
Price continues trading beneath a newly established horizontal resistance area. Sellers remain active whenever recovery attempts approach this important technical barrier.
The descending trendline also continues defining the broader market structure. Successive lower highs reinforce the existing bearish trend across recent sessions.
The previously established support zone has now transformed into resistance. Such reversals frequently appear during bearish continuation phases after breakdowns.
Weak Volume Keeps Bulls Defensive
The technical review noted that moving averages still favor sellers. Price remains below key averages that continue trending lower.
Without sustained closes above those indicators, momentum remains constrained. Buyers have yet to establish convincing control across the lower timeframe.
Trading activity also supports the cautious technical outlook presented. Heavy selling volume accompanied the earlier decline across multiple bearish candles.
Recovery volume has remained noticeably weaker than previous distribution activity. That imbalance limits confidence behind the latest rebound attempt.
Technical Levels Define Near-Term Direction
The broader market structure still requires stronger confirmation before sentiment improves. Breaking resistance would weaken the current bearish framework considerably.
Reclaiming the descending trendline would strengthen bullish conviction further. Consistent closes above nearby moving averages would also improve technical conditions.
During the latest session, PUMP as at the time of writing traded at $14.80 after recovering from sharp intraday volatility. Buyers repeatedly defended support near the lower trading range before regaining lost ground.
The tokenized ProPetro Holding Corp. stock chart reflected similar uncertainty throughout the session. The support and resistance levels continued to be solid at $14.40 and $14.85-$15.00 respectively. A significant move up through resistance could boost short-term momentum. Failure to overcome that ceiling may encourage renewed selling pressure and extended consolidation.
The post PUMP Outlook Stays Bearish Below Key Resistance appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Spain’s securities regulator ruled out MiCA deadline extensions, waivers, or exceptions for unlicensed crypto firms.
Crypto companies without MiCA authorization must implement exit plans and clearly communicate changes to customers.
Regulators are closely monitoring Binance and other firms as the July 1 MiCA transition deadline approaches.
Crypto firms operating in the European Union face a firm July 1 deadline after Spain’s securities regulator ruled out any extensions under the Markets in Crypto-Assets framework. According to Reuters, Spanish National Securities Market Commission Chair Carlos San Basilio said there would be no waivers, exceptions, or deadline extensions for companies that fail to secure MiCA authorization before the transitional period ends.
CNMV Rules Out Deadline Relief
San Basilio delivered the message during an event in Santander. According to Reuters, he stated that regulators would not grant special treatment to firms that remain unlicensed after June. The statement comes as several crypto platforms race to secure authorization under MiCA.
The framework establishes a unified regulatory structure for crypto asset service providers across the European Union. While discussing the transition, San Basilio said regulators remain focused on how firms adapt to the new environment.
Consequently, the CNMV continues communicating with organizations that have not yet received approval. The regulator's priority centers on ensuring an orderly transition. Therefore, firms without licenses must clearly explain their exit strategies and customer arrangements.
Binance Faces Regulatory Deadline
Attention has largely focused on Binance, which had not secured authorization from an EU regulator as of Friday. The exchange recently withdrew its licensing application with Greece’s Hellenic Capital Market Commission.
According to Reuters, Binance is attempting another push to obtain approval and maintain its European operations. However, time remains limited before the July 1 deadline arrives.
Should authorization not arrive before the cutoff, Binance would need to stop onboarding new EU users. In addition, certain services for existing European accounts would face restrictions.
San Basilio acknowledged that large platforms create additional challenges because of their extensive user bases. As a result, regulators are monitoring how firms manage customer assets and cash transfers during the transition period.
Customer Protection Remains Priority
As the deadline approaches, Spanish regulators continue emphasizing investor protection measures. According to San Basilio, customers should receive clear information regarding operational changes.
He also noted that investors would not benefit from MiCA protections when dealing with unauthorized platforms. Furthermore, they would be unable to conduct new transactions through those services.
Meanwhile, enforcement responsibility remains with individual EU member states. However, proposals continue to circulate that could grant the European Securities and Markets Authority greater regulatory powers in the future.
Separately, OKX founder and CEO Mingxing Xu commented publicly on Binance's regulatory situation following remarks from former Binance CEO Changpeng Zhao.
The post Spain Rejects MiCA Deadline Extensions for Crypto Firms appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

USDT traded at an 8.5% premium in India after regulatory action reduced stablecoin inflows.
Enforcement Directorate scrutiny of cross-border crypto transfers tightened local USDT supply.
Strong demand and ongoing regulatory uncertainty continue to support elevated stablecoin premiums.
India’s stablecoin market is facing supply squeeze after USDT premiums climbed above 8.5%, according to The Economic Times. On Saturday, USDT traded at ₹102.88, while the official USD/INR exchange rate closed at ₹94.65 on June 27. The increase followed a slowdown in USDT inflows after the Enforcement Directorate intensified scrutiny of virtual digital asset transactions linked to ₹250 billion in money transfers.
Enforcement Action Hits USDT Inflows
The premium increase emerged shortly after the Enforcement Directorate's action against entities involved in crypto-based cross-border transfers. According to The Economic Times, those channels had supplied large amounts of USDT to India for several years.
Many non-resident Indians used USDT to transfer funds to relatives in India. The method often offered faster settlements and higher rupee returns than traditional banking routes. However, the Enforcement Directorate believes such transfers may violate the Foreign Exchange Management Act.
The agency also oversees compliance under the Prevention of Money Laundering Act. As scrutiny increased, market participants reported lower stablecoin inflows. Consequently, available USDT supply tightened across the local market.
Regulatory Uncertainty Adds Pressure
Alongside reduced supply, regulatory concerns appear to have widened the premium. According to Purushottam Anand, founder of Crypto Legal, uncertainty often creates additional costs for market participants.
Anand said Indian exchanges have historically traded many virtual digital assets above global prices. However, he noted that increased scrutiny of cross-border transactions may have added a risk premium.
As a result, traders appear willing to pay more for access to dollar-linked liquidity. Notably, the premium moved well above its usual 3% to 4% range. The sharp increase also suggests that demand for stablecoins remains strong despite the supply slowdown.
Policy Discussions Gain Attention
While supply conditions remain tight, policymakers continue reviewing the sector. According to Sudhakar Lakshmanaraja, founder of Digital South Trust, India’s Parliamentary Standing Committee on Finance will meet the Reserve Bank of India and ICAI on July 2.
The discussions will focus on the future of cryptocurrency regulation. Lakshmanaraja also noted that OECD data placed India among countries with significant crypto flows.
In addition, Financial Intelligence Unit scrutiny of crypto over-the-counter transactions continues. Meanwhile, stablecoins remain central to crypto trading because traders use them to purchase assets such as Bitcoin and Solana.
The post India USDT Premium Jumps Above 8.5% Amid Supply Crunch appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

デイビッド・シュワルツは、XRPLでの順序を改善し、フロントランニングを減らすために取引スロットを予約することを提案した。
システムは、スパムや乱用を抑止するために高い手数料を用いながら、予約済みの取引を優先するだろう。
この提案は、取引の可視性と、XRPレジャー上でのサンドイッチ攻撃への懸念の再燃を受けている。
XRPレジャーにおけるフロントランニングおよびサンドイッチ攻撃に関する懸念は、RippleのCTOであるデイビッド・シュワルツが新しい取引予約システムを提案した後に再浮上した。シュワルツは、XRPLでの取引順序に関する継続的な議論に触れながら、この提案を共有した。同時にXRPresso.ioは、バリデータや十分に接続されたノードが、レジャーの最終確定前に保留中の取引の可視性を悪用し得ることを指摘した。

Bitmine owns 4.7% of the total ETH coin supply of 120.7 million
Bitmine is 94% of the way to the 'Alchemy of 5%' in just 11 months
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP
Bitmine has 4,879,157 staked ETH, representing $7.7 billion at $1,569 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $74 million of Eightco, now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
Bitmine Crypto + Total Cash Holdings & Marketable Securities + "Moonshots" total $9.8 billion, including 5.70 million ETH tokens, total cash & marketable securities of $555 million, and other crypto holdings
Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH
NORWALK, Conn., June 29, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + "moonshots" holdings totaling $9.8 billion.
As of June 28, 2026 at 3:00pm ET, the Company's crypto holdings are comprised of 5,700,040 ETH at $1,569 per ETH, 206 Bitcoin (BTC), $180 million stake in Beast Industries, $74 million stake in Eightco Holdings ("moonshots") and total cash & marketable securities of $555 million. Bitmine's ETH holdings are 4.7% of the ETH supply (of 120.7 million ETH).
"The future roadmap for crypto remains positive as the dual drivers of Wall Street modernizing its legacy infrastructure on crypto rails and the future of agentic-AI payment systems on crypto rails remain intact. Bitmine remains focused on the longer-term horizon and continues to manage the company to be positively positioned for these exponential drivers," stated Thomas "Tom" Lee, Chairman of Bitmine.
"This past week was a challenging one for crypto investors as ETH fell by 8%, even as Ethereum witnessed notable positive developments such as the creation of Ethlabs, and even the Bank of England softened its stance around stablecoins. We are nearing quarter-end for June, and it is not surprising to see 'window dressing' leading to investors reducing their holdings in assets which have fallen in the past 3 months," stated Lee.
On June 26, Bitmine was added to the Russell 1000 Large-cap Index, in conjunction with the annual reconstitution of this index. The Investment Company Institute, or ICI, estimates that passive investment funds and ETFs typically represent 18-20% of the shares of a company.
"Being added to the Russell 1000 is expected to add hundreds and possibly thousands of additional institutional investors as equity owners of Bitmine," continued Lee.
On June 10, Bitmine closed its offering (the "offering") registered under the Securities Act of 1933, as amended, of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock"), at a public offering price of $80.00 per share.
The Company received net proceeds from the offering of approximately $273.8 million, after deducting the underwriting discounts and commissions and the Company's estimated offering expenses. The Series A Preferred Stock is trading on the NYSE under the symbol BMNP. The dividends for BMNP are scheduled to be paid weekly, subject to the terms of the applicable Certificate of Designations.
On June 11, 2026, Bitmine was named to the Fortune 100 Crypto List (link here). Fortune published this definitive ranking of the most influential companies in blockchain and draws on rigorous data analysis by Inca Digital and a survey of leading crypto experts, according Fortune Magazine.
On May 11, 2026, Bitmine released the latest Chairman's Message (link here) for May 2026.
"Over the past week, we acquired 27,084 ETH. We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring. Bitmine is expected to reach the 'alchemy of 5%' sometime in 2026," stated Lee.
Bitmine recently launched MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.
As of June 28, 2026, Bitmine total staked ETH stands at 4,879,157 ($7.7 billion at $1,569 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $246 million on an annualized basis (using 2.75% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now projected at $211 million. And this 4.9 million ETH is over 85% of the 5.7 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.75% (annualized)," continued Lee.
Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 847,363 BTC valued at $50 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $643 million (5-day average, as of June 26, 2026), ranking #240 in the US, behind Monster Beverages (rank #239) and ahead of Oklo (rank #241) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine management believes the GENIUS Act and Securities and Exchange Commission's (the "SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions. This document specifically contains forward-looking statements regarding: (i) the Company's goals regarding ETH acquisition, including the 'Alchemy of 5%' initiative and the expectation that Bitmine will reach this goal sometime in 2026; (ii) the Company's beliefs and expectations regarding the cryptocurrency market, including the view that the future roadmap for crypto remains positive as the dual drivers of Wall Street modernizing its legacy infrastructure on crypto rails and the future of agentic-AI payment systems on crypto rails remain intact; (iii) the Company's belief that it is in the early stages of "crypto spring"; (iv) the expectation that being added to the Russell 1000 will add hundreds and possibly thousands of additional institutional investors as equity owners of Bitmine; (v) the Company's digital asset accumulation strategy and staking operations, including projected annualized ETH staking rewards of approximately $246 million (when Bitmine's ETH is fully staked by MAVAN and its staking partners) and current projected annualized staking revenues of approximately $211 million; (vi) MAVAN's intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (vii) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services as US action on August 15, 1971 ending Bretton Woods and the USD gold standard; and (viii) continued growth and advancement of the Company's Ethereum treasury strategy. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company's staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
The post Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.70 Million Tokens, and Total Crypto and Total Cash Holdings of $9.8 Billion appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Hyper Foundation allocated about $10 million to support projects migrating from USDH to USDC or winding down.
Eligible builders must complete migrations by the end of July 2026 to qualify for grant funding.
Users can swap USDH for USDC through HyperCore or HyperEVM using the foundation’s migration pathways.
Hyper Foundation has committed approximately $10 million in grants to support projects affected by the USDH sunset. The initiative, announced on June 28, targets builders across the Hyper ecosystem that integrated USDH and now must either migrate operations to USDC or wind down affected products. According to Hyper Foundation, recipients must complete their transitions before the end of July 2026.
Grants Target Affected Ecosystem Projects
The funding program focuses on builders directly impacted by the stablecoin's retirement. Eligible recipients include HIP-1 spot deployers, HIP-3 perpetual deployers, HyperEVM protocols, dedicated USDH:USDC bridges, and Native Markets.
According to Hyper Foundation, migration grants will support teams moving markets and deployments from USDH to USDC. Meanwhile, wind-down grants will assist teams ending USDH-dependent operations rather than adopting another asset.
The foundation stated that wind-down grants will remain smaller than equivalent migration grants. In return, recipients must commit to an orderly transition process before July ends. Moving further into the framework, Hyper Foundation outlined how it calculates grant allocations.
HIP-1 and HIP-3 awards depend on auction deployment costs. At the same time, HyperEVM grants depend on the amount of USDH total value locked affected by the sunset.
Users Receive Migration Guidance
Alongside the grant program, Hyper Foundation provided instructions for users holding USDH. The organization advised users to follow guidance issued directly by protocols undergoing migration or closure.
For those seeking liquidity options, users can exchange USDH for USDC on HyperCore through the spot order book. Additionally, users can swap USDH for USDC on HyperEVM through Across at a one-to-one ratio without fees.
According to the foundation, HyperCore USDH markets have already completed settlements. As a result, swap mechanisms now serve as the primary conversion route.
Foundation Thanks Builders and Community
As migration efforts continue, Hyper Foundation said it has already contacted all eligible recipients. The organization noted that it is working directly with affected teams throughout the transition period.
The foundation also acknowledged builders that developed products and markets using USDH. In addition, it thanked users who participated in the stablecoin’s development and Native Markets for launching the asset.
According to Hyper Foundation, the migration process has progressed smoothly so far because teams and community members have remained actively involved throughout the transition.
The post Hyper Foundation Sets $10M for USDH Migration Effort appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Doctor Profit says Bitcoin’s weekly chart resembles the setup that preceded the 2022 bear market capitulation.
The analyst expects a potential decline toward $42,000–$43,000 during September or October 2026.
He argues historical MA200 trends and a developing death cross support his bearish outlook.
Bitcoin could face another major decline before finding a market bottom, according to crypto analyst Doctor Profit. In a report shared during Stage 5 of his market outlook, the analyst pointed to a developing weekly death cross structure and a loss of the weekly MA200, arguing that the current setup closely resembles conditions seen before Bitcoin's 2022 capitulation. He said the pattern could place Bitcoin in the $42,000 to $43,000 range during September or October 2026.
2022 Comparison
Doctor Profit centered his analysis on Bitcoin’s behavior during the 2022 bear market. According to the analyst, Bitcoin first lost the weekly MA200 before forming a death cross on the one-week chart.
He noted that the death cross appeared when the white moving average crossed below the blue moving average. Two months later, Bitcoin printed a capitulation candle near $15,000 to $16,000. The analyst added that Bitcoin fell roughly 30% after the death cross appeared.
He described the current structure as following the same sequence. According to Doctor Profit, Bitcoin has already lost the weekly MA200. In addition, he said the same white-crossing-blue formation is developing again on the weekly chart.
Focus Turns to Historical MA200 Trends
Building on that comparison, the analyst highlighted another historical observation. He stated that every Bitcoin bear market has pushed the asset about 30% below the weekly MA200.
According to Doctor Profit, previous bear markets never ended with Bitcoin recovering directly from that level. Instead, he said each cycle finished after a capitulation event.
The analyst also revisited earlier warnings regarding the weekly MA200. He stated that he previously expected the level to fail as support. As a result, he argued that traders who bought near that area now face pressure after the breakdown.
CBB Zone Matches Target Range
Doctor Profit then connected the historical pattern to his long-standing CBB target zone. Using a $60,000 reference level, he calculated that a 30% decline would place Bitcoin near $42,000 to $43,000.
Notably, he said that range matches the CBB region he has discussed since September 2025. He also linked the zone to the BlackRock ETF launch area and the Golden Bull bottom support.
According to the analyst, several indicators now point toward the same price region. He added that fear continues to build, realized losses are increasing, and the capitulation event he expects has not yet occurred.
The post Bitcoin Death Cross Setup Points to $42K, Says Analyst appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Loopring ended its decentralized exchange after limited adoption and rising competition from zkEVM platforms.
The team will return eligible user assets directly to Ethereum Layer 1 wallets through batch distributions.
Users will have a two-week review period before distributions begin, with Loopring covering all gas fees.
Loopring announced the immediate shutdown of its decentralized exchange on June 28, 2026, ending trading services and taking its relayer offline. According to the Loopring team, the Ethereum-based project closed the platform after limited adoption, exchange delistings of LRC during 2026, and growing competition from zkEVM networks. The team also outlined a plan to return eligible user assets directly to Ethereum Layer 1 addresses.
https://twitter.com/loopringorg/status/2071253250725322987?s=20
Loopring Details Reasons Behind Closure
The announcement marked the end of one of Ethereum’s earliest zkRollup projects. Loopring said it helped demonstrate how zero-knowledge proofs could scale Ethereum. However, the team stated that its architecture lacked a virtual machine.
As a result, the network could not offer composability or broader payment use cases. Loopring also cited business challenges. The team said it focused on engineering and did not develop strong business development operations.
At the same time, major exchange delistings of the LRC token in 2026 added further pressure. According to the announcement, those factors accelerated the decision to discontinue the service.
The team also noted that newer zkEVM solutions now provide full compatibility with Ethereum smart contracts. Consequently, Loopring described its specialized architecture as outdated compared to current alternatives.
Team Plans Direct Asset Distribution
Following the shutdown, Loopring said users will receive their funds through a direct distribution process. The team chose that approach instead of requiring users to submit Merkle proofs. According to the announcement, Loopring will first publish a complete list of final balances.
The list will include spot holdings and converted liquidity pool positions. Notably, the team will automatically redeem all AMM positions into their underlying assets. Therefore, users will not need to redeem LP tokens themselves.
Next, Loopring plans to upgrade the DEX smart contract. The updated version will allow only whitelisted addresses controlled by the team to move assets from Layer 2.
Review Window and Distribution Timeline
Before distributions begin, Loopring will provide a two-week public review period. During that time, users can verify balances and report discrepancies. After the review window closes, the team will begin batch transfers to associated Ethereum Layer 1 wallets.
Only accounts holding at least $10 in final value will qualify for distribution. Loopring said it will cover all gas costs connected to the transfers. The team expects distributions to finish within several weeks after the process begins and plans to provide updates through X.
The post Early Ethereum zkRollup Pioneer Loopring DEX Shuts Down as zkEVMs Overtake Its Design appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Solmate shares have fallen more than 98% since completing a $300 million financing round in late 2025.
The company still holds approximately 2 million SOL despite a dramatic collapse in equity valuation.
Investor sentiment toward crypto treasury firms weakened faster than the underlying SOL price decline.
Solmate Collapse has become a focal point for crypto market participants after the Nasdaq-listed company's shares fell more than 98% following its transition into a Solana treasury firm.
From Football Holdings to a Solana Treasury Company
Solmate's transformation began with its former identity as Brera Holdings. The company previously owned stakes in football clubs across multiple countries.It ran in Italy, North Macedonia, Mozambique and Mongolia.
The company announced a strategic restructuring in September of 2025. Management rebranded the business as Solmate and shifted toward digital assets. The new strategy focused primarily on building a Solana treasury operation.
According to reporting shared by Wu Blockchain, the transition attracted substantial institutional support. The company has raised $300 million in private financing. There were several large investors involved in the transaction.
https://twitter.com/WuBlockchain/status/2070363018693947410?s=20
The financing included backing from ARK Invest, Pulsar Group, RockawayX, and the Solana Foundation. Market participants initially viewed the investment as validation. Investor enthusiasm increased following the announcement.
Solmate Shares Underperform Despite Large SOL Holdings
The market reaction changed dramatically in subsequent months. Solmate shares declined from a split-adjusted price near $249. The stock recently traded around $4.90.
This decline represents a loss exceeding 98% of shareholder value. The reduction substantially exceeded the decline experienced by Solana itself. The divergence became one of the market's primary observations.
Solmate as of writing, holds approximately 2 million SOL tokens. However, Solana has declined roughly 50% over the past year. The equity drawdown has therefore exceeded the underlying asset performance.
This difference reflects the additional risks embedded within public companies. Treasury firms often trade at premiums or discounts. Those valuation multiples can change rapidly during market transitions.
Crypto Treasury Models Face Increasing Market Scrutiny
Wu Blockchain's reporting illustrates how narrative-driven strategies can evolve. Initial market optimism supported the treasury transformation thesis. That sentiment later weakened considerably.
The timing of Solmate's strategic pivot also proved important. The company entered the market during heightened interest in crypto treasury vehicles. Investor demand subsequently moderated across the sector.
Public companies holding digital assets face multiple layers of exposure. The investor has to bear the risks of operation, finance and the market.These factors extend beyond cryptocurrency price movements.
The Solmate case demonstrates the distinction between direct token ownership and equity ownership. Market participants continue evaluating treasury business models. Meanwhile, Solmate remains among the largest publicly disclosed corporate holders of SOL.
The post Crypto Treasury Firm Solmate Loses 98% in Value appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Galaxy Researchは、上院の開催日程に不確実性があることを背景に、CLARITY法案の2026年可決の見込みを50-50に引き下げた。
倫理、規制に関する文言、修正案をめぐる未解決の交渉が続いており、上院での行動が遅れている。
競合する立法上の優先事項により、8月の議会休会前に確保できる本会議時間が減っている。
上院の審議時間が限られてくる中、Galaxy ResearchはCLARITY法案の2026年の可決見通しを下方修正した。Galaxyの研究責任者であるAlex Thorn氏は、同法案は7月の採決を受ける可能性はあると述べた。ただし、遅れや他の立法上の優先事項の競合により、必要な60票の確保は不確実なままだ。

A wallet linked to Vitalik Buterin moved 7,000 ETH to a new address after about 12 months of inactivity.
The receiving wallet has not made outbound transfers, leaving the purpose of the transaction unclear.
The original wallet still holds 20,001 ETH, valued at about $31.6 million after the transfer.
A wallet linked to Ethereum co-founder Vitalik Buterin moved 7,000 ETH worth about $11.06 million on June 27. According to Lookonchain and Onchain Lens, the transfer originated from the address identified as 0xD04, which had remained inactive for nearly a year. The funds moved to a newly created wallet, prompting market participants to closely monitor the destination address for additional activity.
https://twitter.com/lookonchain/status/2070799728028340494?s=20
Transfer Revives Attention On Dormant Wallet
According to Lookonchain, the wallet transferred 7,000 ETH roughly two hours before the transaction was reported. Blockchain monitoring platform Onchain Lens also tracked the movement shortly after it appeared on Ethereum's network.
The transfer immediately attracted attention because of the wallet's connection to Vitalik Buterin. Additionally, the address had shown no notable activity for approximately 12 months before the latest transaction.
Following the transfer, the destination wallet held the entire amount. As of publication, the receiving address had not executed any outbound transactions. That activity led analysts to review the wallet's history. In turn, previous transactions offered clues about where the funds could eventually move.
Analysts Point To Earlier Transaction Patterns
According to Onchain Lens, the wallet has displayed similar behavior in the past. In an earlier transaction, the address moved 1,300 ETH valued at roughly $3.19 million.
Those funds later reached Paxos, a cryptocurrency infrastructure provider. Because of that sequence, some blockchain observers believe the latest transfer could eventually reach a centralized exchange.
However, no confirmed exchange deposit has occurred. The transferred ETH remained in the new wallet at the time of writing. Neither Buterin nor representatives connected to him publicly commented on the purpose of the transaction.
Wallet Retains More Than 20,000 ETH
Despite the movement, the original wallet continues to hold substantial assets. After sending the 7,000 ETH, the address retained 20,001 ETH. Based on market prices at the time, those remaining holdings were worth about $31.6 million. Meanwhile, Ethereum traded near $1,583, reflecting a daily gain of roughly 2%.
Large transactions involving prominent blockchain figures often attract scrutiny because Ethereum's ledger remains publicly accessible. As a result, platforms such as Lookonchain and Onchain Lens can track major wallet movements in real time.
The post Vitalik Buterin-Linked Wallet Moves $11M in ETH After Year Idle appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Cross River Bankは、法人・個人のお客さま向けにリアルタイムの国際送金を提供するため、Rippleを採用しました。
この統合により、規制の遵守を維持しながら、より速く低コストな越境送金の実現を目指しています。
Rippleは、即時のグローバル決済を可能にするインフラを設計し、銀行の採用を継続して拡大しています。
Cross River Bankは、Rippleの決済プロトコルを統合することで、顧客にリアルタイムの国際送金を提供するために取り組みました。米国のFDIC（連邦預金保険公社）によって保険付保された同銀行は、この技術が、銀行および決済に関する規制を遵守しつつ、米国と西ヨーロッパの間での即時送金を支えると述べています。この取り組みにより、Cross River Bankは越境取引にRippleを展開する、米国拠点の銀行の中でも最初期の存在となりました。

ザック・パンドルは、ビットコインを少なくとも30億ドル売却すれば、Strategyの当面のキャッシュ負担の大半をまかなえる可能性があると述べた。
彼は、STRCの配当を引き上げても、投資家の信頼を実質的に高めることなくコストが増えるだけだと主張した。
パンドルは、投資家に対し、STRCの価格とStrategyの提出書類の変更がビットコインの財務戦略に関してないかを監視するよう促した。
Grayscaleのリサーチ責任者ザック・パンドルは、同社の増加するキャッシュ負担に関する投資家の懸念に対処するため、戦略はより強い対応が必要になるかもしれないと述べた。来週の前に投稿したコメントでパンドルは、StrategyのSTRC優先株の配当を引き上げると、2年間で負担が約1億ドル増える可能性がある一方で、ビットコインを少なくとも30億ドル売却すれば、ほとんどのキャッシュの約束をまかなうことができ、市場の信頼回復にも役立つと語った。

Tom Lee believes crypto could become a major beneficiary of the artificial intelligence investment boom.
He highlighted tokenized assets and blockchain infrastructure as key drivers of future crypto adoption.
Lee said Bitmine continues accumulating Ethereum while viewing the market as an early-stage “crypto spring.”
Fundstrat Chairman Tom Lee said crypto could become one of the biggest follow-on beneficiaries of the artificial intelligence boom, even as the sector faces a challenging 2026. Speaking on CNBC, Lee compared crypto’s current position to memory stocks before their sharp rally and said investors may view the market differently within the next 12 months. He made the remarks while discussing tokenization, blockchain adoption, and changing financial habits among younger users.
Lee Compares Crypto To Memory Stocks
According to CNBC, Tom Lee said crypto is receiving little attention despite ongoing development across the industry. He compared the sector to memory stocks, which he said struggled through 2024 and 2025 before posting strong gains in 2026.
Lee said many investors currently find it easier to buy AI-related stocks than crypto assets. However, he argued that crypto could eventually benefit from the same investment themes driving artificial intelligence.
“In 12 months, we're going to say crypto was a downstream story of AI,” Lee said during the interview. He added that memory stocks were once viewed as a lagging trade before their performance accelerated.
While discussing market sentiment, Lee acknowledged that 2026 has been disappointing for many crypto investors. Even so, he said the underlying progress across the industry remains intact.
Tokenized Assets Remain A Key Focus
Lee also pointed to the growing use of tokenized financial products. He said younger consumers increasingly use mobile applications for banking and could eventually trade stocks through crypto-based platforms.
According to Lee, tokenized stocks and other digital assets are becoming more common across financial markets. He also referenced recent weekend oil trading activity that operated through crypto rails.
The Fundstrat chairman said blockchain infrastructure offers continuous trading, settlement finality, and composability. He described composability as a feature that turns financial assets into software-based products.
Lee added that the transition is happening gradually. However, he said adoption could accelerate as more assets move onto blockchain networks.
Bitmine Continues Ethereum Accumulation
Separately, Bitmine Immersion Technologies reported crypto, cash, securities, and “moonshots” holdings totaling $10.7 billion. The company also disclosed that it acquired 52,203 ETH during the past week.
Lee, who serves as chairman, said Bitmine has maintained a steady pace of crypto accumulation throughout 2026. He added that the company views the market as being in the early stages of a “crypto spring.”
According to Lee, tokenization and advances in artificial intelligence could increase demand for blockchain networks and decentralized crypto infrastructure in the years ahead.
The post Tom Lee Says Crypto Could Become AI’s Biggest Follow-On Trade appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

ブラッド・ガーリングハウス氏は、金融工学では、長期的な暗号資産価値を生み出すうえでの実世界でのユーティリティに取って代わることはできないと述べた。
ガーリングハウス氏はストラテジーのレバレッジを効かせたビットコイン取得モデルを批判し、STRC価格の下落を警告サインとして挙げた。
ガーリングハウス氏は、ストラテジーのアプローチと、ブロックチェーンを活用した決済や金融インフラに注力するリップルの方針を対比した。
リップルのCEOブラッド・ガーリングハウス氏は、マイケル・セイラー氏のビットコイン取得戦略を批判し、「金融工学では、デジタル資産における実際のユーティリティに代わることはできない」と述べた。金曜のCNBCのインタビューでガーリングハウス氏は、ビットコイン購入の資金調達に優先株を用いるストラテジーの手法を問題視し、モデルへの圧力の証拠としてSTRCの下落価格を挙げた。

The SEC and CFTC are reviewing cross-margin rules to improve coordination across securities and derivatives markets.
Regulators seek feedback on collateral, risk management, clearing systems, and customer protection measures.
A 60-day public comment period will begin after the request is published in the Federal Register.
U.S. market regulators have opened a new review that could change how margin requirements work across multiple asset classes. The Securities and Exchange Commission and the Commodity Futures Trading Commission jointly requested public feedback on portfolio margining frameworks, seeking input on securities, futures, swaps, and related products. The consultation begins ahead of a 60-day comment period following publication in the Federal Register.
https://twitter.com/ChairmanSelig/status/2070512712359047659?s=20
Regulators Seek Industry Feedback
According to the SEC and CFTC, the request aims to evaluate whether closer alignment between regulatory frameworks could improve market efficiency. The agencies also want to assess whether coordination could reduce market fragmentation while maintaining customer protections.
As part of the review, regulators are examining how portfolio margining currently operates across different markets. They are also looking at how existing rules affect participants that operate across several asset classes.
SEC Chairman Paul Atkins said overlapping regulatory structures should not limit efficiency or innovation. He added that cross-margining could help unlock liquidity that remains separated across different accounts.
With that objective outlined, regulators are now gathering views from market participants.
Focus Turns to Risk and Collateral
The consultation covers several areas tied to market operations and risk controls. Notably, the agencies are seeking feedback on current portfolio margining models and industry practices.
They also want comments on customer protection measures and cross-product margin offsets. In addition, the review includes questions about collateral treatment, capital requirements, and asset segregation.
Risk management frameworks form another major part of the consultation. The agencies are also examining margin methodologies used throughout securities and derivatives markets. From there, the review extends to clearing infrastructure.
Clearing and Market Structure Under Review
The SEC and CFTC are requesting feedback on the role of clearing agencies and derivatives clearing organizations. They are also examining operational and technical challenges tied to implementation.
Meanwhile, regulators want industry participants to address potential effects on market liquidity and competition. Those responses will help both agencies evaluate possible areas for future coordination.
CFTC Chairman Mike Selig said stronger cooperation between the agencies could unlock unused capital while maintaining market protections. He added that stakeholder feedback will play a role in shaping future policy discussions.
The public comment period will remain open for 60 days after the request appears in the Federal Register.
The post SEC and CFTC Launch Review of Cross-Margin Rules appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

ChainlinkはBuildトークン報酬を終了し、最終的な報酬の請求締切は2026年7月7日となります。
今後のビルド・パートナーシップは、LINKまたは転換可能な流動性資産の支払いによる商業契約を用いて実施されます。
戦略の転換は、Chainlink Reserveおよび新たな資金調達モデルを通じて、長期的なエコシステムの成長を支援することを目的としています。
Chainlinkは、初期および中期段階のプロジェクトをどのように支援するかを調整する中で、長年にわたるエコシステム施策の1つを変更しています。Chainlink Labsによると、Buildプログラムはプロジェクト・トークンの支払い取り決めから離れ、既存の契約は締結を進めたうえで、新しい商業的な構造に置き換えられます。さらに、この変更によりBuild関連のトークン報酬は終了し、請求の締切は2026年7月7日となります。

Senate Republicans aim to advance the CLARITY Act after the July 4 recess despite unresolved negotiations.
Ethics, banking provisions, and regulatory oversight remain key issues delaying a final agreement.
Limited Senate floor time before the August recess increases pressure to pass the bill in July.
Time is tightening for the CLARITY Act as Congress heads into its July 4 recess with several key issues unresolved. According to journalist Eleanor Terrett, Senate Republicans are pushing to advance the crypto market structure bill when lawmakers return on July 13, leaving roughly 20 working days before the August recess to move the legislation through the Senate and back to the House.
Senate Returns With Major Issues Unsettled
While lawmakers are away, negotiations will continue among congressional staff, administration officials, and industry participants. According to Terrett, several outstanding matters remain under discussion, with ethics emerging as one of the biggest hurdles.
That issue has gained attention because some Democratic support depends on an agreement addressing President Donald Trump's crypto businesses. Senators Ruben Gallego of Arizona and Angela Alsobrooks of Maryland previously indicated that an ethics framework remains important to their continued backing.
As those talks continue, negotiators are expected to exchange proposals during the holiday recess. However, no final agreement has been announced publicly.
Banking And Regulatory Questions Remain
Beyond ethics, lawmakers still need to resolve provisions involving state preemption, affiliate trading, and exchange conflict management. At the same time, banking groups continue pressing senators over stablecoin yield provisions.
Although Senate Majority Leader John Thune recently cited stablecoin yield as an open matter, staff involved in negotiations said the issue has not reopened. Nevertheless, banking associations continue lobbying lawmakers over the current compromise.
Another area attracting opposition involves the Blockchain Regulatory Certainty Act. According to Terrett, law enforcement organizations and Catholic groups have raised concerns about its impact on investigations involving human trafficking and digital assets.
July Calendar Raises Pressure
The legislative calendar now adds another challenge. Thune told Semaphore that the annual defense bill is expected to receive attention when senators return.
That schedule could leave the CLARITY Act competing for floor time later in July. Meanwhile, industry participants remain divided on the bill's prospects.
Miles Jennings, general counsel at Andreessen Horowitz, said time pressure can help produce agreements. Meanwhile, Solana Policy Institute President Kristin Smith said active negotiations and bipartisan support continue to provide a path forward.
However, Galaxy Digital research head Alex Thorn recently lowered his odds of passage this year from 60% to 50%, citing limited floor time and unresolved negotiations.
The post CLARITY Act Urgency Grows Ahead of July Senate Vote appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

About 230 firms secured MiCA licenses, allowing crypto services across all 27 EU member states.
Germany leads MiCA approvals, while firms continue adjusting licensing strategies across Europe.
Smaller crypto businesses face growing pressure from compliance costs and the July 1 MiCA transition deadline.
Europe’s crypto market is entering a decisive phase as roughly 230 firms have secured licenses under the European Union’s MiCA framework ahead of the July 1 deadline. However, regulators and industry participants report that many smaller companies have not completed the transition, while others have withdrawn applications, sought partnerships, or prepared to shut down operations across the bloc.
Germany Leads As License Numbers Grow
According to data from the European Securities and Markets Authority, Germany has emerged as the largest MiCA licensing hub. The country has issued 56 licenses, while the Netherlands follows with 26 and France with 21.
As the transition period nears its end, firms with a MiCA authorization can provide services across all 27 EU member states. Notably, the framework replaces separate national approaches with a single regulatory system.
That shift has influenced licensing strategies across the industry. Coinbase recently selected Luxembourg as its MiCA base, while Binance withdrew its application in Greece and began pursuing authorization elsewhere in the European Union.
Deadline Forces Industry Decisions
The July 1 deadline marks the end of the maximum transition period for many firms previously operating under national registration systems. Consequently, companies without approval can no longer offer new crypto services within the European Union.
In France, around 40% of registered crypto service providers have not applied for a MiCA license. As a result, some firms now face asset transfers, client returns, or gradual business wind-downs.
At the same time, the number of approved firms remains significantly below the more than 1,200 providers that previously operated under national frameworks. Therefore, only a fraction of the earlier market has completed the transition.
Smaller Firms Face Mounting Pressure
While MiCA has strengthened regulatory oversight, industry participants have raised concerns about market concentration. Germany, the Netherlands, France, and Malta account for a large share of issued licenses.
Meanwhile, several major markets, including Spain, Italy, and Belgium, have issued comparatively fewer approvals. Firms continue weighing regulatory timelines, compliance costs, and banking access when selecting a licensing jurisdiction.
According to industry participants, MiCA has improved market resilience and regulatory clarity. However, smaller crypto businesses appear to be facing the greatest pressure as Europe’s new framework takes full effect.
The post EU Crypto Licenses Hit 230 as Smaller Firms Face Exit appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Aave V4 aims to offer securities-backed loans and lending using tokenized stocks onchain.
The protocol targets the $4.6 trillion securities lending market with transparent, intermediary-free lending.
Tokenized securities could serve as collateral for stablecoin loans and onchain repo-style transactions.
Aave is moving beyond crypto lending and into securities-backed finance, with founder Stani Kulechov outlining plans to target traditional asset markets through Aave V4. The announcement came on June 26, when Kulechov said Aave would expand from crypto assets into securities-backed loans and securities lending, bringing tokenized stocks into a market that holds about $4.6 trillion in securities on loan globally.
Aave Targets Securities Lending Market
The expansion centers on Aave V4, which aims to connect decentralized finance infrastructure with traditional securities markets.
According to Kulechov, Aave is broadening its total addressable market from crypto assets to all asset classes. The initiative includes securities-backed loans and securities lending using tokenized financial assets.
Building on that strategy, Aave executive Luigi D’Onorio DeMeo outlined how tokenized equities could support onchain lending activity.
He said investors currently receive only a portion of securities lending revenue. Meanwhile, brokers and trading platforms often retain most borrowing fees generated from customer-held assets.
According to DeMeo, the global securities lending market has roughly $4.6 trillion in securities on loan and produces about $35 billion in annual revenue.
Tokenized Stocks Take Center Stage
As the plan develops, Aave V4 would allow users to supply tokenized stocks directly onchain.
DeMeo said participants could earn full borrowing rates through transparent pricing mechanisms. He also noted the model would operate without intermediaries and without rehypothecation.
Earlier this month, Kulechov detailed additional areas targeted by the protocol. Those areas include collateralized loans backed by securities, repurchase agreements, and direct securities lending activities.
Under the proposed structure, tokenized securities could serve as collateral for stablecoin borrowing. Repo-style transactions could also settle directly onchain.
Expansion Builds On Existing Growth Strategy
The latest initiative follows Aave's previously announced revenue-focused strategy. In May, Kulechov said the protocol would pursue a 12-month revenue-led approach.
Current protocol metrics provide context for the expansion. Aave generates about $123 million in annualized revenue and holds approximately $12.4 billion in total value locked.
The project also maintains institutional relationships through its Horizon platform, developed alongside VanEck, Circle, and Securitize. That platform focuses on real-world asset lending markets and tokenized finance infrastructure.
Meanwhile, Kulechov described securities financing as one of Wall Street's largest markets, highlighting the scale of the sector Aave now plans to enter.
The post Aave Eyes $4.6T Market With Tokenized Stock Lending appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.