EthereumETH Hits 13-Month Low at $1,540 as DeFi TVL Collapses and $1.28B Liquidated
Ethereum fell to $1,540 on June 6, 2026, its lowest in 13 months. $1.28B liquidated in 5 days, DeFi TVL at Feb 2024 lows, Bitmine $10.5B loss.
Institutional Adoption — News - Page 4
Ethereum
BitcoinGrayscale: Strategy Bitcoin Model Under First Stress Test as BTC Falls 21%
Grayscale: Strategy's Bitcoin model is under its first stress test. STRC below $100, cash at $900M. BTC fell 21% in 10 days after first BTC sale since 2022.
StablecoinsWestern Union USDPT Stablecoin Listed on Bybit as Payment Giants Race In
Western Union's USDPT stablecoin is live on Bybit, the first major exchange to list it. MoneyGram, Mastercard, and Visa all made stablecoin moves the same week.
InstitutionalJPMorgan, Citi and Bank of America Build Shared Blockchain to Protect Deposits
JPMorgan, Citi and Bank of America plan a shared tokenized deposit network by 2027 to compete with stablecoins on speed and yield.
BitcoinFirst Fannie Mae-Backed Bitcoin Mortgage Closed
A Michigan couple closed the first Fannie Mae-backed mortgage using Bitcoin as collateral via Coinbase and Better. No BTC sale, no capital gains tax.
BitcoinMt. Gox Moves $739M in Bitcoin: What Creditors and the Market Can Expect
Mt. Gox moved 10,306 BTC ($739M) from cold wallets for the first time since March. What the transfer means for creditors and when to expect payouts.
AltcoinsGrayscale HYPE ETF Could Launch This Week with 0.29% Fee
Grayscale filed its 6th HYPE ETF amendment with ticker HYPG and a 0.29% fee. Bloomberg analyst James Seyffart says launch is likely imminent this week.
MarketsRobinhood Acquires WonderFi for $180M to Enter Canada Crypto Market
Robinhood closed its $180M WonderFi acquisition on June 2, entering Canada. Gained Bitbuy, Coinsquare, 300K clients and $49.8M in 2025 revenue.
BitcoinStrategy Sells 32 Bitcoin: First Sale Since 2022
Strategy sold 32 BTC for $2.5M to fund preferred stock distributions, its first Bitcoin sale since 2022. BTC dropped below $72K, MSTR shares fell 6%.