Solana debuts onchain governance letting validators vote on network changes through stake-weighted proposals. The Solana Foundation has rolled out a new onchain governance system for the network. It’s called Solana Governance Proposals, or SGP. The mechanism lets validators submit, sponsor, and decide on core ecosystem issues. Voting power is tied...
Tom Lee Backs Ethereum Institutional to Accelerate ETH Adoption
Tom Lee backs Ethereum Institutional as the group launches to support ETH adoption by banks and asset managers. Tom Lee has backed Ethereum Institutional, a new group focused on bringing more financial firms to Ethereum. The effort comes as banks and asset managers study tokenized assets, stablecoins, and on-chain market...
World Launches on Solana as First Fully On-chain Prediction Market
World launches on Solana inside Phantom, offering on-chain prediction markets with Chainlink data and World Cup contracts. World has launched on Solana as a fully on-chain prediction market. The platform is live inside Phantom wallet for direct user access. The launch starts with crypto price markets, including short-duration Bitcoin contracts....
Arthur Hayes Says DeFi Has Failed If It Needs Washington’s Approval
Arthur Hayes says DeFi has failed if it needs Washington approval, citing the Clarity Act and crypto’s global finance goal. Arthur Hayes has questioned whether DeFi can keep its purpose if it depends on Washington’s approval. He made the comments during a New Era Finance podcast interview on June 23,...
BNB Chain Releases MiCA Migration Plan for EU Crypto Users
BNB Chain released a MiCA migration guide as EU rules take effect, while Binance says affected assets remain held 1:1. BNB Chain has published a MiCA migration plan for European crypto users facing new regulatory changes. The guide explains how users can move assets from centralized exchanges to self-custody on...
XRP Hits Most Oversold RSI on Record as Bullish Reversal Setup Emerges
XRP monthly RSI hits its lowest recorded level as traders watch bullish divergence and the key $1.65 macro zone. XRP has entered renewed technical debate after its monthly RSI fell to its lowest recorded level. The move followed the failure of an earlier 1-2-3 RSI bottom model. The latest chart...
Backpack Wins Key EU Licenses to Expand Across All 27 Member States
Backpack EU secures MiCA and Payment Institution licenses from Latvia, adding to MiFID II coverage across all 27 EU states. Backpack EU has secured MiCA and Payment Institution licenses from the Bank of Latvia. The approvals allow regulated expansion across all 27 European Union member states. The company said the...
South Korea Cracks Down on Crypto Whales as BOK Pushes Tokenized Bonds
South Korea referred suspected crypto market manipulation cases to prosecutors. Bank of Korea plans tokenized government bonds after Project Hangang success. Project Hangang advances digital finance with unified ledger infrastructure. South Korea is tightening oversight of its digital asset sector while expanding blockchain-based financial infrastructure. Authorities have referred suspected crypto...
Europe’s Third-Largest Bank Crédit Agricole Debuts Euro-Backed Stablecoin
Crédit Agricole launches EURXT, a MiCA-compliant euro-backed stablecoin on Ethereum, expanding tokenized finance for institutional and corporate clients. Crédit Agricole, Europe’s third-largest bank by assets, has launched its euro-backed stablecoin called EURXT. The stablecoin is launched by the bank’s asset servicing arm, CACEIS, on the Ethereum blockchain. Initially, EURXT is...
Taiwan Passes Crypto and Stablecoin Bill in Major Regulatory Shift
Taiwan mandates licenses for crypto firms under the new Virtual Asset Service Act. Stablecoin issuers need central bank and FSC approval with full reserve backing. New law imposes tougher penalties for fraud, manipulation, and unlicensed operations. Taiwan has passed the Virtual Asset Service Act, establishing its first comprehensive legal framework...