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An independent non-profit organization, Ethereum Institutional, has launched to focus on driving the institutional adoption of Ethereum, the organization announced on its X account. The group aims to serve as a resource for institutions such as banks, asset managers, and custodians, helping them understand the Ethereum ecosystem and provide objective information to their leadership. The founding team consists of individuals who previously built the enterprise division at the Ethereum Foundation, where they engaged with hundreds of institutions. The new organization has secured long-term funding to operate independently. Its initial focus will cover five key areas: institutional collaboration, intelligence gathering, ecosystem and ETH marketing, identifying industry requirements, and organizing events. The launch was supported by ETH accumulation firm Bitmine, Sharplink, and Ethereum co-founder Joseph Lubin.

The three major U.S. stock indices opened lower today. - S&P 500: -0.44% - Nasdaq: -0.65% - Dow Jones: -0.41%

American Bitcoin (ABTC), a cryptocurrency mining firm backed by the Trump family, announced it will conduct a 1-for-15 reverse stock split to maintain its Nasdaq listing qualification. The split will take effect on July 2, U.S. Eastern Time, with the adjusted share price reflected when trading resumes on July 6 under the existing ABTC ticker. The company stated the measure, which was approved by its shareholders and board of directors, is intended to meet Nasdaq's minimum share price requirement.

Solana-based project World has launched an on-chain prediction market service on the cryptocurrency wallet Phantom, CoinDesk reported. The service is accessible through the Phantom wallet and world.xyz, with Chainlink (LINK) providing the primary oracle infrastructure. Users can trade event contracts related to cryptocurrency prices and the 2026 FIFA World Cup, with plans to add markets for sports, geopolitics, and macroeconomics in the future. Phantom's CASH stablecoin will be used as the settlement asset, allowing winning positions to be automatically redeemed in users' wallets.

Matt Cole, CEO of Bitcoin acquisition company (DAT) Strive (ASST), stated on X that investors should not assume the company will automatically issue new shares of its preferred stock, SATA, at $100 without a separate announcement. He explained that while a $100 target and minimizing long-term volatility remain core objectives, current market conditions are not normal. Cole believes that maintaining the flexibility to issue shares around the $100 mark aligns with the long-term interests of shareholders and the stability of SATA. He added that a predictable, mechanical issuance rule could encourage trading that increases volatility over time, a risk he said is no longer theoretical given recent market movements. Cole also noted that while the company will reference market data such as short interest and borrowing costs, it will not rely solely on any specific metric and will not pre-announce specific actions like halting issuance. His comments follow a previous request for market feedback on a potential temporary halt to issuance, citing an increase in short interest and stock borrowing costs for SATA.

Marc Zeller, founder of the Aave (AAVE) governance group Aave Chan Initiative (ACI), announced that the organization is ceasing operations following a governance conflict with Aave Labs, The Block reported.

Wall Street investment bank Bernstein has maintained its Outperform rating and $190 price target for Circle (CRCL) following the launch of the stablecoin consortium OpenUSD. The assessment comes after Circle's stock price plunged 17.5% on the first day of the OpenUSD launch. Bernstein stated that despite the new consortium, its long-term growth outlook for Circle remains unchanged.

Metaplanet, a Japanese listed company strategically accumulating Bitcoin (BTC), disclosed on July 1 that it did not issue any new shares through the exercise of stock acquisition rights in June. The company has been funding its Bitcoin purchases by issuing new shares via these warrants. Metaplanet currently has 947,300 outstanding warrants, which can be converted into 94.73 million shares. The exercise price, updated daily based on the previous trading day's closing price, ranged between 220 and 295 yen in June, but no rights were exercised. A separate disclosure on the same day also revealed that the company did not conduct any share buybacks.

The European Union (EU) has begun a review to amend its Markets in Crypto-Assets (MiCA) regulation as the law comes into full effect, CoinDesk reported. According to Patrick Hansen, Head of EU Policy at Circle, MiCA is the world's first comprehensive crypto regulation and was always considered essentially a first version that would require continuous updates. He noted that while the legislation initially focused on crypto-asset service providers (CASPs) like exchanges, the rapid growth of the stablecoin and tokenization markets has since increased the need for supplementary rules. Hansen added that the European Commission launched a public consultation last May to assess whether MiCA remains suitable in light of these recent market changes.

Standard Chartered forecasts that the price of MORPHO, the token for the DeFi lending protocol Morpho, could reach $60 by the end of 2030, driven by increased inflows of tokenized assets into the DeFi space. This represents a potential upside of approximately 33 times its current price.

Citi has lowered its price target for MicroStrategy (MSTR) to $136 from $260 while maintaining its Buy rating for the company, Walter Bloomberg reported.

French bank Crédit Agricole, Europe's third-largest by assets, has launched a euro-pegged stablecoin, EURXT, through its asset servicing arm CACEIS, Cointelegraph reported. The stablecoin is an Electronic Money Token (EMT) issued on Ethereum (ETH) and maintains a 1:1 peg with the euro. It is aimed at institutional investors and corporate clients to expand the use of tokenized finance. According to the whitepaper, EURXT has no issuance limit and is designed to increase its supply in line with demand. At launch, the circulating supply was 20.02 million EURXT, matching reserves of approximately €20.02 million. CACEIS obtained a Markets in Crypto-Assets (MiCA) license in France in June 2025.

While monthly payment volume for cryptocurrency cards has surpassed $1.5 billion, the technology has not yet become a universal financial infrastructure, according to a report from Asian Web3 research and consulting firm Tiger Research. This volume annualizes to $18 billion. The report noted that a significant portion of current transactions is concentrated on RedotPay, with usage heavily skewed toward emerging markets with limited access to the U.S. dollar, such as Bangladesh, India, and Nigeria. In developed nations, the report argues, crypto cards have yet to achieve product-market fit as they are not integrated into daily financial activities like salary deposits or automatic bill payments. Looking ahead, Tiger Research predicted that market leadership will be secured not by entities that simply issue cards, but by those who can establish reliable fund inflow channels and build a financial ecosystem that functions as a user's primary account.

Ark Invest, led by Cathie Wood, purchased approximately $77.45 million worth of cryptocurrency-related stocks in June, CoinDesk reported. The purchases, calculated based on closing prices for each trading day, included $44 million in Coinbase (COIN), $25.25 million in Circle (CRCL), and $8.2 million in Bullish (BLSH). This buying activity occurred as Bitcoin (BTC) fell 20% in June, marking its worst monthly performance since 2022. During the same period, COIN dropped 20%, CRCL fell 40%, and BLSH declined 27%.

While U.S. spot crypto ETFs experienced massive outflows in June, XRP and Hyperliquid (HYPE) ETFs recorded net inflows, CoinDesk reported. According to data from SoSoValue, the XRP ETF attracted $59.4 million in June, marking its third consecutive month of net inflows, while the HYPE ETF brought in $161 million. In contrast, BTC ETFs saw over $4 billion exit, a record-high outflow. ETH and Solana (SOL) ETFs also saw outflows of $528.99 million and $786,000, respectively. CoinDesk suggested that the net inflows for the two products indicate that the spot prices of XRP and HYPE have significant room to rise if the broader market, including BTC, stabilizes. The profitability of the related exchange is also cited as a strength for HYPE. The decentralized exchange Hyperliquid recorded over $80 million in fees in the last 30 days, ranking third among all protocols after Tether and Circle, according to DeFiLlama.

Kevin Hassett, chairman of the White House National Economic Council (NEC), said it would be a mistake to raise interest rates.

BlackRock, the world's largest asset manager and a spot Bitcoin ETF issuer, deposited 3,625 BTC ($212.43 million) and 20,598 ETH ($32.39 million) to Coinbase, Onchain Lens reported. The on-chain analysis firm added that further deposits are possible. This transaction brings BlackRock's total deposits to Coinbase over the past three days to 15,442 BTC ($918.5 million). Such deposits to exchanges are typically interpreted as part of the operational process for the firm's spot crypto ETF, such as settling redemptions arising from fund outflows.

Bitcoin long-term holders have begun to absorb supply, signaling a potential shift from a selling to an accumulation trend as the cryptocurrency trades below $60,000, Glassnode noted in a research report. The firm explained that while institutional outflows and defensive positioning in the options market are weighing on investor sentiment, long-term holders have resumed accumulating, with several wallet cohorts increasing their BTC holdings. Investor stress remains high, with more BTC held at a loss than in profit. However, long-term holders and standby buyers are absorbing the supply coming to market. While U.S. spot BTC ETFs continue to see net outflows, the spot order books on Binance and Coinbase are leaning toward buy orders. Glassnode cautioned that risks remain, citing high demand for downside hedging in the options market and an increase in leveraged long positions, which could lead to further liquidations. The report also highlighted high implied volatility, suggesting that another sharp price drop is possible before a market bottom is firmly established.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, and the bottom shows the CVD. - The Volume Heatmap tracks trading volume at specific price levels. The background color brightens when the price remains in a particular range for an extended period or moves significantly. These brighter areas can potentially act as support or resistance. - The CVD indicator represents buy and sell orders categorized by trade size. A rising line for a given color indicates an increase in buy orders within that category. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large-scale orders from $1 million to $10 million.

The cryptocurrency market faces the potential for increased volatility in the third quarter due to declining liquidity, even after significant leverage was flushed out in the second quarter, according to digital asset trading platform Talos. In an analysis reported by Cointelegraph, Talos noted that long positions in BTC and ETH worth a total of $8.35 billion were liquidated in the second quarter. Open interest for BTC fell by 32% from its second-quarter peak to $33.5 billion, while ETH open interest dropped by 40% to $16.2 billion. However, Talos pointed out that market liquidity has also weakened, citing outflows from U.S. spot BTC ETFs, a slowdown in purchases by MicroStrategy, and a reduced supply of stablecoins. The platform concluded that while the risk of forced liquidations has diminished, the thinner liquidity could lead to wider price swings in the event of a large-scale sell-off.

Investors in the Bitcoin derivatives market are increasingly positioning for a further price decline rather than a rebound, according to an analysis by CoinDesk. The outlet noted that while Bitcoin has partially recovered to around $58,800 after a recent drop to $57,700, open interest has climbed to 768,000 BTC. In the options market, put options, which are bets on a price decrease, are priced higher than call options across all expiration dates. Furthermore, demand has been observed in the over-the-counter market for put options with a $50,000 strike price expiring in September. This positioning suggests that traders are preparing for the possibility of BTC falling below $50,000 by the end of the third quarter, the report concluded.

With the European Union's Markets in Crypto-Assets (MiCA) regulation taking full effect on July 1, Binance CEO Richard Teng has stated that user assets remain securely stored, even though the exchange has not yet obtained a license under the new framework. Teng explained on X that after July 1, affected users can still take necessary actions according to previous guidance, and withdrawals are available for eligible individuals. He added that the exchange is communicating closely with regulatory authorities to manage the transition to MiCA. Meanwhile, Binance founder Changpeng Zhao (CZ) previously claimed that the company's application for a MiCA license in Greece was rejected due to political intervention.

DeFi lending protocol Aave (AAVE) added 1,806 new wallets on the Ethereum network on June 30, the highest daily figure since October 2021, according to data from Santiment. CoinDesk noted that Santiment views this surge as a sign of new participants entering the ecosystem. Despite the AAVE token falling roughly 2.4% over the past 24 hours, it has gained about 9% over the last week. The protocol's total value locked (TVL) is currently around $12.2 billion.

According to data from Coinglass, Bitcoin (BTC) closed higher in July nine times and lower four times between 2013 and 2025. The highest monthly gain was +24.03% in 2020, while the largest loss was -9.69% in 2014. Meanwhile, Ethereum (ETH) closed higher in July four times and lower six times between 2016 and 2025. Its best performance was a gain of 56.62% in 2022, and its worst was a loss of 27.29% in 2017.

Circle CEO Jeremy Allaire has responded to the planned launch of the OpenUSD (OUSD) stablecoin, stating that USDC's network effects, liquidity, and regulatory infrastructure give it a firm competitive advantage. The OUSD stablecoin is being introduced by OpenStandard, a consortium of over 140 payment and crypto firms that includes Visa and BlackRock. In a post on X, Allaire said that stablecoin networks are long-term platform businesses that tend toward a "winner-take-all" structure. He noted that while he welcomes OUSD as a new member of the stablecoin ecosystem, he questions the sustainability of its proposed model, which includes free issuance and redemption, revenue sharing, and consortium-based operation. Allaire highlighted that USDC is already integrated with thousands of services and has established deep liquidity across exchanges, DeFi protocols, and payment providers. He added that, according to data from Artemis, USDC's on-chain transaction volume was approximately $30 trillion in the first quarter of 2026, representing 80% of all blockchain dollar stablecoin transactions.