BitGo co-founder and CEO Mike Belshe says the layoffs are “a one-time action” and the company doesn’t see the need for further staff reductions. Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday as its CEO pledged to focus the company on areas including trading, stablecoins and artificial intelligence. “Today...Continue Reading

Bitcoin’s trek into new 2026 lows continued as spot BTC ETF outflows, a bearish monthly options expiry and Strategy’s unrealized losses widened its gap with AI-connected stock returns. Key takeaways: Bitcoin (BTC) traded down 9% in three days, hitting its lowest level since September 2024. The $58,000 retest triggered over $1 billion in liquidations across...Continue Reading

The failure of Botanix suggests that Bitcoiners still prefer Ethereum DeFi to Bitcoin L2s. How can Bitcoin L2s change to win hodlers over? For the past two cycles, Bitcoin DeFi has lived more as a promise than a category. Programmable Bitcoin has remained a vision held by a certain breed of Bitcoin maxi who believes...Continue Reading

US Bitcoin ETFs recorded $696.3 million in outflows as Bitcoin slipped below $60,000, lifting year-to-date losses to $4.6 billion. US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflows of June on Thursday as Bitcoin fell below $60,000. Spot Bitcoin ETFs shed $696.3 million, surpassing the previous monthly high of $519.2 million logged...Continue Reading

USDe circulating supply has shrunk by 70% since the October bull market peak, when it topped $14 billion. Stablecoin infrastructure company StablecoinX has completed its merger with TLGY Acquisition Corp, a publicly traded special purpose acquisition company, allowing it to begin trading on Nasdaq on Friday. StablecoinX is the first public stablecoin infrastructure company focused...Continue Reading

In May, Sharplink CEO Joseph Chalom named three catalysts that could push up the price of Ether, some of which have begun to materialize. Ether treasury company Sharplink has bought Ether for the first time in eight months as the token sank to its lowest price this year on Thursday. On-chain data from Arkham shows...Continue Reading

Coinbase’s blockchain Base says a consensus problem knocked its network offline for around two hours on Thursday before it returned online. Base, the blockchain backed by crypto exchange Coinbase, has returned online after the network suffered nearly a two-hour outage due to a consensus issue that halted block production. Base posted to X on Thursday...Continue Reading

Polymarket said it contained the compromise and removed the affected dependency after attackers injected a malicious script into its frontend. A third-party vendor compromise discovered Thursday allowed attackers to inject a malicious script into Polymarket’s frontend, affecting multiple users. Blockchain analyst Specter said the malicious script appeared to facilitate a phishing attack that drained an...Continue Reading

Ether prices are currently back at crucial long-term support levels last visited in October 2023 and April 2025. Tether stablecoin USDt has become the second-largest cryptocurrency by market capitalization as Ether fell to its lowest price of the year on Friday Ether’s market capitalization dropped below $185 billion following a 5.2% price crash over 24...Continue Reading

US Bitcoin ETFs recorded $696.3 million in outflows as Bitcoin slipped below $60,000, lifting year-to-date losses to $4.6 billion. US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflows of June on Thursday as Bitcoin fell below $60,000. Spot Bitcoin ETFs shed $696.3 million, surpassing the previous monthly high of $519.2 million logged...Continue Reading