Author: James Wilson

Aztec Connect, a deprecated DeFi bridge linked to the privacy-focused Aztec ecosystem, was exploited on Sunday after an attacker drained about $2.1 million from an old Ethereum smart contract. Summary Aztec Connect’s old contract lost $2.1m, while the current Aztec Network stayed unaffected, Aztec said. The attack used a verification mismatch, letting unbacked balances move through settlement on Ethereum records. DeFiLlama data shows June already has several hacks, led by Humanity Protocol and Syscoin losses. Aztec Labs said on X that it was “investigating a potential exploit affecting Aztec Connect.” The team said about $2.1 million had moved from the…

Ethereum is trading near $1,670 after one of its weakest nine-month periods in recent years.  Summary Ethereum remains on track for a third straight double-digit quarterly decline despite accumulation signals. Nearly 500,000 ETH left exchanges in one week as investors reduced available selling supply. Iran deal hopes and a potential Hormuz reopening could improve sentiment toward crypto assets. The second-largest cryptocurrency by market value remains under pressure after falling more than 66% from its late-2025 peak near $4,800. The decline comes even as analysts point to growing signs of accumulation and improving macro conditions. A possible U.S.-Iran peace agreement, which…

XRP exchange-traded products continued to attract investor capital for a fifth consecutive week, even as Bitcoin and Ethereum funds recorded net outflows. Summary XRP ETF products recorded positive inflows while Bitcoin and Ethereum funds posted outflows recently. Analysts see a short-term XRP rebound signal, though whale activity remains weak overall. XRP trades near $1.15 as investors monitor ETF demand and key support levels. The latest fund flow data showed XRP-linked products brought in about $10.68 million during the week ended June 12. The inflows came as broader crypto markets remained under pressure from risk-off sentiment and continued uncertainty around global…

The Bangko Sentral ng Pilipinas (BSP) has introduced stricter requirements for virtual asset service providers (VASPs), requiring them to apply deeper screening, monitoring, and delisting procedures for cryptocurrencies offered to customers.  Summary BSP requires crypto exchanges to conduct deeper reviews before listing tokens and stablecoins locally. New rules mandate continuous monitoring and clear delisting triggers for higher-risk virtual assets. Privacy-focused cryptocurrencies remain prohibited as regulators strengthen consumer protection and compliance safeguards. The move comes as regulators continue to strengthen oversight of the country’s digital asset market. The new guidance requires VASPs to establish a “robust due diligence and accreditation process”…

Michael Saylor, founder and chairman of Strategy, said Bitcoin treasury firms need more than one measure to track their exposure to Bitcoin.  Summary Saylor says CEBE BPS shows Bitcoin exposure after debt and preferred stock claims are counted. BPS tracks common equity growth, while BTC Yield measures execution across Strategy’s Bitcoin accumulation plan. Shorter liabilities raise CEBE’s role, while lower-cost long-term claims can support Bitcoin upside per share. In a set of posts on X on June 14, he drew a line between Bitcoin Per Share, or BPS, and Common Equity Bitcoin Exposure BPS, also called CEBE BPS. “BPS measures…

Ripple CEO Brad Garlinghouse has put a clear number on the company’s 2026 business goal.  Summary Ripple’s revenue target separates operating income from XRP holdings, aiming to calm balance sheet concerns. Hidden Road, RLUSD, and treasury tools give Ripple more routes to serve banks and firms. XRP ETF inflows remain positive, but token demand still differs from Ripple’s business revenue path. According to posts shared by CoinMarketCap and crypto-focused accounts on X, Ripple expects to end 2026 with a $1 billion revenue run rate. The figure does not include XRP held on Ripple’s balance sheet. That detail matters because Ripple…

Ethereum Foundation privacy project Kohaku lead Nico said Ethereum accounts can start preparing for post-quantum risks without waiting for a hard fork.  Summary Nico says Ethereum accounts can start quantum protection now without waiting for protocol changes. SPHINCS- aims to verify post-quantum signatures on Ethereum at practical on-chain costs for wallets. Ethereum’s roadmap already names privacy, security, and post-quantum work as core technical priorities. In a June 2026 post on X, Nico wrote, “Ethereum can already start preparing accounts for a post quantum world, without waiting for a hard fork.” Ethereum can already start preparing accounts for a post quantum…

The U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca’s proposal to list and trade shares of the T. Rowe Price Active Crypto ETF.  Summary SEC approval brings actively managed multi-asset crypto exposure closer to NYSE Arca investors this year. The fund may hold Bitcoin, Ethereum, XRP, Solana, Dogecoin, Shiba Inu and other qualified assets. ETF demand remains mixed across Bitcoin, XRP, Solana and Ethereum investment products. The order, dated June 12, covers the fund under NYSE Arca Rule 8.201-E for commodity-based trust shares. The product gives investors a single listed vehicle for several crypto assets. It is not…

Strategy CEO Phong Le said the company’s 32 BTC sale was a test of its process and not a sign that the firm needed cash for dividends.  Summary Phong Le said Strategy’s 32 BTC sale tested internal systems, not a dividend funding need. Strategy still bought 1,550 BTC afterward, lifting total holdings to 845,256 Bitcoin by June 7. Saylor’s CEBE BPS metric shifts investor focus toward debt, preferred stock and common shareholder risk. In a June 13 interview, Le said the sale helped “inoculate the market” and gave Strategy a way to check how an internal Bitcoin sale would work.…

SkyBridge Capital founder Anthony Scaramucci and Galaxy Digital CEO Mike Novogratz said Bitcoin could reclaim $70,000 by the end of July 2026.  Summary Scaramucci sees negative Bitcoin sentiment as fuel for a possible move back above $70K soon. Novogratz says CLARITY Act progress could support Bitcoin, but timing remains politically uncertain this summer. The SpaceX IPO and Strategy trades add pressure to an already cautious crypto market setup. They made the call on the latest All Things Markets episode, which centered on SpaceX, U.S. debt, inflation, crypto rules, and Strategy’s Bitcoin moves. Scaramucci said he expects Bitcoin to return to…