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SharpLink (Nasdaq: SBET), the second-largest Ethereum treasury company, said it bought 10,000 ETH at an average price of about $1,611, bringing its total holdings to 886,725 ETH as of June 28, 2026. The company also repurchased 2.13 million shares at an average price of $4.69 and raised $75 million last week through a registered direct offering, saying its capital allocation remains focused on increasing ETH exposure per share.

Australia's crypto travel rule will take effect on July 1, requiring users of locally regulated crypto exchanges to provide additional information for both incoming and outgoing transfers, including the sender or recipient’s name and platform details. The rule, enforced by the Australian Transaction Reports and Analysis Centre (AUSTRAC), aims to improve the traceability of crypto transfers and reduce risks related to money laundering, terrorist financing and scams. Transfers to self-custody wallets will also require users to confirm ownership of the address.

More European crypto founders are exploring the UAE as the EU’s MiCA deadline approaches, with firms lacking authorization set to lose access to EU clients after July 1. Dubai-based crypto lawyer Irina Heaver said her firm now receives more than 120 inquiries a week about setting up in the UAE, about half from Europe. She warned that MiCA could drive a brain drain, tax loss and job creation away from Europe. Binance recently withdrew its MiCA application in Greece and told EU users it would suspend some services while seeking another regulatory route.

According to SoSoValue data, on June 29 (Eastern Time), Bitcoin spot ETFs recorded a total net outflow of USD 231 million, while Ark Invest and 21Shares’ ARKB saw the largest single-day net inflow at USD 49.969 million. Ethereum spot ETFs recorded a total net outflow of USD 30.043 million, with BlackRock’s ETHA posting the largest single-day net inflow at USD 5.869 million.

The Associated Press reported that Guo Wengui, a self-exiled Chinese businessman, was sentenced by a Manhattan federal court to 30 years in prison over a large-scale financial fraud. Prosecutors said Guo raised more than USD 1 billion from 2018 to 2023 through entities including GTV Media Group, Himalaya Farm Alliance and Himalaya Exchange, using the funds for luxury homes, a yacht, sports cars and other personal spending.

CryptoQuant analyst Darkfost said altcoins have been among the hardest-hit sectors in the current weak market, with repeated failed momentum recoveries. According to CryptoQuant, about 84% of Binance-listed altcoins are now trading below their 200-day moving averages, an extreme depressed state that has lasted nearly eight months — the second-longest weak cycle since 2020, behind only the roughly 10-month downturn in the previous bear market.

ESMA register data showed that the EU had issued 244 MiCA Crypto-Asset Service Provider licenses as of June 29, with Germany leading at 57 licenses and France second with 26, together accounting for more than one-third of the total. Greece, Hungary, Poland, Portugal and Romania have not issued any MiCA licenses. Crypto firms without a MiCA license must stop providing relevant services in the EU after July 1.

Silicon Valley Bank said the Bitcoin lending market is recovering from the 2022 collapses of BlockFi, Celsius and Genesis and is evolving toward more institutionalized and transparent lending structures. Citing Galaxy Research, the report said crypto-backed lending reached $67 billion in Q1 2026, up about 49% year over year. Several major U.S. banks have begun offering Bitcoin-backed loans to select clients. Bitcoin loan rates remain elevated at 7.5% to 16%, but borrowing costs could decline as more banks, private credit funds and institutional capital enter the market. The report also said the Lightning Network could improve Bitcoin lending and payment infrastructure by enabling real-time collateral posting, margin calls and liquidations.

JPMorgan Chase backed a U.S. framework for digital assets but warned that new rules should close regulatory gaps rather than create new risks. The bank said tokenization and programmable money could improve payments and cross-border transfers if paired with proper safeguards. It also argued that stablecoins resembling bank deposits should not operate outside capital, liquidity and consumer protection rules, and urged lawmakers to preserve anti-money laundering and enforcement tools.

Binance founder CZ said the exchange's MiCA license application in Greece was fully compliant and close to approval by at least one EU regulator before being withdrawn due to what he described as "political forces." He said he had seen speculation that ECB President Christine Lagarde was involved but had not seen any official evidence.
CZ also said he still does not fully understand Strategy's STRC preferred stock, calling the product "over-engineered," while emphasizing that he does not question Michael Saylor's credibility.

Binance said it invests around $300 million annually in compliance and employs nearly 1,500 compliance staff. The exchange said its systems intercepted $10.53 billion in potential fraud between 2025 and Q1 2026, helped recover over $8.2 billion in user assets since 2021, and supported 313,653 law enforcement requests.

Strategy announced a new Digital Credit Capital Framework, including a Bitcoin Monetization Program allowing BTC sales to build reserves, fund preferred dividends and interest payments, and finance share repurchases when deemed more advantageous than issuing equity. The company also authorized up to $1 billion in repurchases of its Digital Credit Securities and $1 billion in MSTR buybacks, while raising the annual STRC dividend rate from 11% to 12%.

According to CryptoQuant analyst Darkfost, more than 220,000 BTC and 330,000 BTC were transferred to deposit addresses linked to Binance and OKX, respectively, as Bitcoin retested $60,000, marking the highest such activity since the 2023 bear market. The elevated transfers to exchange deposit addresses may signal increasing potential sell-side pressure, though they do not necessarily represent completed sales.

The latest Proof of Reserves reports show user BTC holdings increased by more than 10% on both exchanges. Bybit’s June 24 snapshot recorded 49,309 BTC (+10.22%), while OKX’s June 19 snapshot showed 123,056 BTC (+10.67%). Bybit also reported 496,565 ETH (-10.13%) and 5.319 billion USDT (-4.12%), while OKX reported 1.652 million ETH (+6.15%) and 9.268 billion USDT (-9.52%).

Ethereum co-founder Vitalik Buterin wrote that obfuscation is one of the most powerful primitives in cryptography, allowing a program to be turned into an “encrypted program” that hides its internal logic while still producing the same outputs.
He said obfuscation, combined with blockchains, could enable secure, private and collusion-resistant applications with almost no trust assumptions, but obfuscated programs cannot handle stateful things like money on their own because they can be copied.
Vitalik noted that researchers now know how to achieve indistinguishability obfuscation under reasonable security assumptions, but runtimes remain “galactic” and may exceed the lifetime of the universe. Future paths include optimizing existing lattice-based constructions, using more aggressive cryptographic lattice assumptions, or exploring new non-lattice approaches; if successful, almost any protocol described with an idealized trusted third party could be securely implemented.

Grayscale said that if the CLARITY Act clears the Senate, Strategy strengthens its balance sheet, and the Fed holds off on rate hikes, Bitcoin may already be close to its low. In a downside scenario, if the CLARITY Act does not pass this year, DATs deleverage further, and the Fed raises rates due to persistent inflation, Bitcoin could fall moderately further.

Galaxy Research Head of Research Alex Thorn said the firm has lowered its odds of the CLARITY Act becoming law in 2026 from 60% to 50%, citing a tightening Senate calendar and limited progress in negotiations.
Thorn said the downgrade is mainly about timing, not the substance of the bill. The CLARITY Act passed the Senate Banking Committee on May 14 and has been on the Senate Legislative Calendar since June 1, but no floor date has been set and no unified Banking-Agriculture text has been released.
He said ethics issues and developer-protection language remain unresolved, while the SAVE Act, the housing bill standoff, FISA Section 702 reauthorization and the FY2027 NDAA are competing for Senate floor time. Without a floor schedule by early July, the bill’s path could slip to September.

According to The Economic Times, USDT supply in India has suddenly tightened, pushing the local stablecoin premium from the usual 3%–4% to over 8.5%. On Saturday, USDT was quoted at INR 102.88, compared with the USD/INR closing rate of 94.65 on Friday.
The report said reduced USDT inflows and concerns over further slowdown followed an Enforcement Directorate crackdown on INR 250 billion in money transfers through virtual digital assets. Crypto Legal founder Purushottam Anand said the recent rise may partly reflect a risk premium caused by regulatory uncertainty.

South Korea’s Kiwoom Securities is seeking to acquire a stake in Bithumb, the country’s second-largest crypto exchange, according to Chosun Biz. The two sides are discussing a third-party allotment of new shares, with the exact stake and investment size still under negotiation.
The move comes as Korean securities firms seek to enter the crypto sector ahead of STO and stablecoin institutionalization. The FSC is also discussing rules that would cap major shareholders’ stakes in crypto exchanges at 20% in principle and up to 34% under exceptions. Bithumb Holdings currently owns 73.56% of Bithumb and would need to reduce its stake by more than 50 percentage points if the rules are implemented.