Sandeep Nailwal Takes Control of Polygon Foundation as First CEO

Polygon co-founder Sandeep Nailwal has taken full control of the Polygon Foundation as its first-ever CEO. The move marks a shift away from the decentralized governance model the organization had embraced. The foundation, which oversees Polygon Labs and other arms of the ecosystem, will now operate under Nailwal’s leadership as it attempts to refocus amid…

Bullish Confidentially Files for U.S. IPO as Popularity of Digital Asset Mounts: FT

Crypto exchange Bullish confidentially filed for a U.S. initial public offering, the Financial Times reported Wednesday, citing people familiar with the situation. The company aims to capitalize on renewed enthusiasm for digital assets driven by pro-crypto policy signals from the Trump administration and follows last week’s IPO of stablecoin issuer Circle (CRCL), whose shares soared…

PancakeSwap’s One-Click Crosschain Swaps to Simplify DeFi for Institutions

Decentralized exchange (DEX) PancakeSwap has launched one-click crosschain swaps using Across Protocol, aiming to address one of the most pressing user experience (UX) issues in decentralized finance (DeFi). The integration allows users to swap assets without using complex blockchain bridges or other external third-party infrastructure that complicate the user experience and incur additional fees. Across’s…

Ukraine Lawmakers Introduce Bill On Crypto Asset Reserve

Ukrainian lawmakers have introduced a draft bill that would allow the National Bank of Ukraine (NBU) to include cryptocurrencies like Bitcoin in the country’s reserves. Submitted to Ukraine’s parliament, the Verkhovna Rada, on Tuesday, bill number 13356 proposes amendments to the law “On the National Bank of Ukraine” regarding the inclusion of crypto assets alongside…

ETH Price Hits $2.8K But Options Traders are Bearish

Key takeaways: Ether (ETH) price surged 10% between Monday and Tuesday, reaching its highest level in over 15 weeks. Despite this rally, ETH has consistently struggled to break above the $2,800 mark over the past month. This resistance level has coincided with a growing use of downside protection strategies in ETH derivatives markets. In addition…

ETH Short Liquidations May Send Ether Price to $3K

Key takeaways: An Ethereum whale made $31 million in two ETH trades in the last 44 days. Unique Ethereum addresses surged by 70% in Q2, with the Base network leading activity growth. Ether (ETH) is on the verge of breaking its monthly range, hitting a 15-week high of $2,827 on June 10. A daily close…

Michael Saylor Shrugs Off Crypto Winter, Eyes $1M BTC

Strategy’s Michael Saylor has rebuffed fears that a crypto market winter will return, suggesting Bitcoin’s increased adoption and constrained daily supply will see it rally to $1 million. “Winter is not coming back,” Saylor told Bloomberg on Tuesday. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.” Billion-dollar asset…

Stablecoin Interest Among Fortune 500 Executives Up Threefold

Interest in using stablecoins has tripled year-over-year from 2024 among company executives at Fortune 500 companies, according to a report by crypto exchange Coinbase. Nearly 29% of 100 executives surveyed from the largest 500 US companies by revenue said their company has plans for, or is interested in stablecoins, compared to just 8% who said…

ETH Short Liquidations May Send Ether Price to $3K

Key takeaways: An Ethereum whale made $31 million in two ETH trades in the last 44 days. Unique Ethereum addresses surged by 70% in Q2, with the Base network leading activity growth. Ether (ETH) is on the verge of breaking its monthly range, hitting a 15-week high of $2,827 on June 10. A daily close…

House Agriculture Committee Advances Crypto Market Structure Bill

Lawmakers on the US House Agriculture Committee voted in favor of the Digital Asset Market Clarity, or CLARITY, Act, advancing the bill further in Congress. In a 47-6 vote on Tuesday, an overwhelming majority of lawmakers on the committee approved the CLARITY Act to establish a regulatory framework for digital assets. Committee Chair GT Thompson…