Monthly DeFi fees have climbed to approximately $577 million in recent months, representing a notable recovery from the April low.
The purchase hands Ondo the regulatory approvals it needs to list and settle tokenized U.S. stocks and bonds in the American market.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ethereum (ETH) is up more than 8% over the past 48 hours, climbing from around $2,400 on July 1 to nearly $2,600 at the time of writing. The latest on-chain analysis reveals that both accumulation addresses and liquid staking volume are approaching all-time highs (ATH), fueling optimism that ETH’s price may soon follow. Ethereum Liquid Staking, Accumulation Addresses Nearing Historic Highs According to a recent CryptoQuant Quicktake post by contributor Carmelo_Aleman, Ethereum’s liquid staking activity has seen a notable increase since June 1. The total amount of ETH staked rose from 34.54 million to 35.52 million by June 30 – an increase of nearly one million ETH in just one month. Related Reading: Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here Are The Levels To Watch As of July 1, ETH set a new record in liquid staking, reaching 35.56 million ETH. A closer look suggests that most accumulation addresses are linked to institutional investors, exchange-traded funds (ETFs), and other large holders. Many of these investors choose to earn yield through liquid staking while waiting for substantial price appreciation. Among the biggest beneficiaries of this trend are decentralized finance (DeFi) protocols like Lido and Binance Liquid Staking, known for their scale and investor-friendly features. In addition to the rise in liquid staking, ETH accumulation addresses are also nearing record highs. As shown in the following ETH Cohort Study chart, these addresses grew 35.97% – from 16.72 million on June 1 to 22.74 million by June 30. For the uninitiated, Ethereum accumulation addresses are wallets that acquire and hold ETH without significant outgoing transactions, often excluding known exchange, miner, or smart contract addresses. These addresses typically signal long-term investor confidence, as they represent entities accumulating ETH without actively selling. Also worth highlighting is that the Realized Price of these accumulation addresses – their average acquisition cost – stood at $2,114 on July 1. As ETH trades at $2,593 at the time of writing, these accumulation addresses are sitting on a healthy profit of approximately 22.65%. ETH Primed For A Breakout? Technical analysis suggests that ETH could be poised for a breakout in the near term. In a recent post, crypto analyst Titan of Crypto pointed out that ETH appears ready to break out of a broadening wedge pattern on the weekly chart, with a potential upside target of $4,200. Related Reading: Ethereum In Demand: ETF Inflow Streak Extends To 7 Weeks Institutional interest in Ethereum also appears to be strengthening. Notably, ETH may have found its own “MicroStrategy moment,” with Tom Lee and Joe Lubin revealing plans to accumulate significant ETH positions. That said, ETH must maintain support above the $2,200 level. A breakdown below this threshold could open the door for a drop to as low as $1,160. At press time, ETH is trading at $2,593, up 1.7% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The DeFi market has rebounded at the beginning of July, with total value locked (TVL) rising to $116.416 billion, a level last seen in April. The 24-hour increase of 4.95% reflects rising crypto asset prices and renewed deposit flows into lending protocols, restaking services, and yield-bearing primitives. As Ethereum and Solana continue to absorb most […]
The post DeFi TVL breaks above $116B as lending roars back appeared first on CryptoSlate.
Backpack halted trading for scheduled maintenance at 10 a.m. UTC on July 3 and reopened two hours later, but the restart triggered account errors that forced CEO Armani Ferrante to promise reviews and compensation. Backpack had warned users on X that the platform would go offline at 10 a.m., enter post-only mode at noon, and […]
The post Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports appeared first on CryptoSlate.
Earlier this year, Ondo Finance launched a platform to give onchain exposure to U.S. securities such as stocks, bonds, and ETFs.
With U.S. policy finally unlocking growth, Santori sees now as the moment to invest in the convergence of the two worlds.
Solana dominated major cryptocurrencies in real economic value (REV) and DEX volumes during the first half of 2025, according to Helius’ “Solana Ecosystem Report H1 2025.” The report highlighted that Solana has led all blockchains in REV since October 2024 and reached $551 million in January 2025. REV is a metric that measures the monetary […]
The post Solana dominates real value rankings, DEX volume during H1 appeared first on CryptoSlate.
Venture capital funding directed towards crypto startups totaled $4.5 billion during the second quarter, down 22% versus the previous three months. According to DefiLlama data, the breakdown of the second quarter shows monthly flows of roughly $1.29 billion in April, $624 million in May, and $2.5 billion in June. June’s figure is over 4x larger […]
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JPMorgan's upcoming application aims to set a single ecosystem for tokenized carbon credits that can address market fragmentation.
Silhouette Founder Chandler De Kock unravels his vision for bringing dark pools and privacy to DeFi trading.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
SharpLink, Ethereum’s largest publicly traded holder, has expanded its ETH position, according to a July 1 statement. Between June 23 and June 27, the company acquired an additional 9,468 ETH for approximately $22.8 million, bringing its total Ethereum holdings to 198,167 ETH, valued at $485 million. According to DropsTab data, the firm’s unrealized loss is […]
The post SharpLink earns $540K in rewards after staking entire Ethereum portfolio of nearly 200k ETH appeared first on CryptoSlate.
The Trump family received an estimated $390 million from World Liberty's token sale and $150 million from the Official Trump memecoin launch.
The testnet debuts with support from a host of major crypto firms who will be operating nodes on the BitVM bridge, such as Lombard, Amber Group and RockawayX
Tokenizing carbon credits via blockchain could enhance market transparency and liquidity, addressing inefficiencies and boosting global trust.
The post JPMorgan unit developing blockchain-based platform to tokenize carbon credits appeared first on Crypto Briefing.
Robinhood quietly minted 213 tokenized shares on Arbitrum for only $5 in gas as it opens onchain-powered stock trading to EU users.
Circle Gateway will enable a unified USDC balance for users to access the tokens real-time across different networks, the company said.
Velodrome has released SuperSwaps, an on-chain tool enabling native cross-chain token swaps across the Optimism Superchain.
One analyst suggests that the current market is driven more by institutional bitcoin buying than by retail investment, impacting CEX volume.
DEX dominance is up considerably from the 6.84% high recorded last month and from just 4.78% this time last year.
Botanix Labs has emphasized its decentralized governance. The launch coincides with its transition to being operated by a federation of 16 node operators
The so-called “spiderchain” is going live with support from a 16-node founding federation of node operators, including Alchemy, Antpool, and Galaxy.
The latest version of the platform uses OneBalance’s chain abstraction toolkit to "eliminate the concepts of ‘chains,’ ‘bridges’ or ‘native gas fees.'"
Following its private mainnet launch in May, Katana has over $240 million in pre-deposits that is already being used to earn yields.
Decentralized exchanges (DEX) processed roughly $385 billion of spot trades in June, equal to almost 30% of the turnover recorded by centralized venues, according to DefiLlama and The Block data. The 30-day DEX figure represents a 12% decline from May, but centralized exchange (CEX) spot volume contracted nearly 30% in the same period. Notably, this […]
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The integration will allow “qualified borrowers to access USDC loans while earning ETHFI incentives,” the startup said in a statement.
Depositors will receive rewards such as randomized NFT "Krates" and a portion of KAT tokens.
The launch of the EVM-compatible sidechain on the XRP Ledger could significantly enhance cross-chain DeFi, fostering broader blockchain interoperability.
The post Ripple-backed XRP Ledger launches EVM-compatible sidechain to unlock cross-chain DeFi appeared first on Crypto Briefing.