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Polygon co-founder Sandeep Nailwal has assumed the role of CEO at the Polygon Foundation, marking a pivotal shift in leadership as the Ethereum scaling protocol embarks on an aggressive path of growth and technical consolidation. Announced via a detailed post on X, Nailwal now oversees strategic direction across the Polygon ecosystem, including its core development…
While the broader crypto market faces consolidation, Uniswap’s native token UNI has defied the trend, extending its rally with a remarkable 40% surge on June 10. The altcoin reached a four-month high of $8.66 before experiencing a slight pullback. At the time of writing, UNI trades at $8.38—still up 17% in the past 24 hours—as…
As the cryptocurrency market awaits decisive regulatory clarity on several ETF applications, two prominent digital asset funds—Polkadot (DOT) and Hedera (HBAR)—are now under the spotlight. The U.S. Securities and Exchange Commission (SEC) has delayed its rulings on both ETF proposals, seeking further public input and pushing decisions beyond the second deadline. Grayscale’s proposed Polkadot ETF…
As the broader cryptocurrency market begins to recover from recent downturns, Shiba Inu (SHIB) is experiencing modest upward movement. On June 7, at 06:24 a.m. UTC, SHIB traded at $0.00001276—rebounding quickly after briefly falling below the $0.000012 mark amid broader volatility. This dip was partly driven by market uncertainty and external tensions, including high-profile feuds…
Ondo Finance has taken a major leap in its Real World Asset (RWA) strategy by launching its flagship product, Ondo Short-Term US Government Treasuries (OUSG), on the XRP Ledger (XRPL). Announced by Ripple Labs on June 11, the development enables institutional investors to mint and redeem OUSG tokens seamlessly through the enterprise-grade RLUSD stablecoin. The…
The XRP Ledger (XRPL) has seen a parabolic surge in activity, with on-chain payment volume soaring 1,300% in the past 24 hours. According to XRPScan, payment volume skyrocketed to 4.11 billion XRP, up from just 295.67 million the day before. This spike marks a dramatic uptick in network utility even as XRP’s price remains relatively…
Pepe [PEPE], the popular memecoin, has begun trending upward again, notching a 2.15% gain over the last 25 hours—extending its positive momentum from the previous week. With growing market interest and bullish indicators, analysts are weighing whether this momentum can sustain, especially in light of recent whale activity. A notable driver of this uptick is…
21Shares has officially submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC), marking the formal beginning of the review process for a spot SUI ETF. The move positions Sui to become one of the first altcoin-based ETFs in the United States following Ethereum, signaling a new chapter in the institutionalization of alternative…
Chainlink (LINK) has overtaken Ethereum in development activity over the past 30 days, according to data from Santiment, as the oracle network strengthens its foothold in real-world asset (RWA) tokenization. The uptick in development coincides with Chainlink’s successful participation in Hong Kong’s e-HKD+ pilot program, where its Cross-Chain Interoperability Protocol (CCIP) enabled a cross-border exchange…
BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate the ETF landscape, with inflows surging by an additional 3,005 BTC yesterday—valued at a staggering $336 million. The ETF’s share price simultaneously hit a new all-time high of $63, pushing its total Bitcoin holdings to 662,571 BTC. With assets under management (AUM) now at $72.7 billion, IBIT…