Author: CoinNewsJunction.com

TLDR: Avalanche sentiment dropped sharply as Santiment data showed a shift from bullish to bearish tone FUD around AVAX focused on developer activity and competition from faster growing layer1 networks Avalanche subnet architecture remains central to ecosystem scaling strategy and network design focus AVAX remains among top trending tokens despite mixed sentiment and rising social media debate Avalanche sentiment weakened across crypto markets as social discussions turned increasingly skeptical around the network. Santiment Intelligence data shows sentiment sliding from one of its most optimistic phases earlier this year into a more bearish range.  Traders pointed to rising concerns over developer…

The Bitcoin ETF market is showing signs of life again, but Ether funds are still struggling to find the same bid. TL;DR US spot Bitcoin ETFs returned to inflows after a run of outflows. Bitcoin funds led by larger issuers showed renewed demand, while Ether ETFs remained under pressure. The split keeps Bitcoin looking stronger than Ethereum on the institutional-flow side. Bitcoin Gets Its Flow Signal Back US spot Bitcoin ETFs returned to net inflows after a run of outflows that had put institutional demand back under the microscope. That makes the latest positive flow print more than just another…

Paradigm has led a $9 million Series A funding round for Latin American payments platform El Dorado as the company expands stablecoin-powered cross-border transfers across underserved markets in the region. Summary Paradigm led a $9 million Series A round for Latin American payments app El Dorado, with Coinbase Ventures and Verda Ventures also participating. El Dorado said it serves more than 100,000 active users, has processed over 5 million transactions, and operates across 12 countries in Latin America. The company has expanded into business payments on the Tempo blockchain, onboarding more than 100 corporate clients and supporting cross-border trade flows,…

TLDR: Nearly 3 million ETH is waiting to enter staking, creating an estimated 50-day validator queue. Ethereum’s validator exit queue has dropped near zero, showing limited interest in unstaking ETH. Bitmine added 125,000 ETH to its treasury as institutional accumulation remains in focus. ETH faces resistance below $1,700 while traders monitor major liquidation zones on both sides. Ethereum’s staking activity is showing continued participation despite recent price weakness. Validator exit demand has nearly disappeared, while millions of ETH are waiting to enter staking. The trend comes as Ethereum trades near $1,667 after a modest recovery from recent lows. ETH has…

Zcash (ZEC) received a fresh security endorsement on June 12 after Zcash founder Zooko Wilcox-O’Hearn confirmed that an AI-powered audit conducted by Anthropic’s Mythos tool uncovered no additional serious vulnerabilities in the protocol. The clean bill of health arrives as ZEC continues clawing back losses from a 53% crash triggered by the disclosure of a critical counterfeiting bug in its Orchard shielded pool earlier this month. Shielded Labs, an independent Zcash support organization, commissioned the audit and provided prompts developed by security firm Defuse Security, according to Jason McGee, a community figure who detailed the arrangement on X. Wilcox-O’Hearn thanked…

Coinbase has launched 24/7 trading for U.S.-regulated gold and silver futures through Coinbase Derivatives Exchange. Summary Coinbase launched 24/7 trading for U.S.-regulated gold and silver futures. Eligible traders can access one-ounce gold and 50-ounce silver contracts. The launch supports Coinbase’s “Everything Exchange” strategy beyond digital assets. The new products let eligible U.S. traders access precious metals nearly every day, including weekends and holidays. The launch expands Coinbase beyond digital assets and adds traditional commodities to its always-on trading infrastructure. Coinbase opens round-the-clock metals trading Eligible traders can now buy and sell regulated gold and silver futures through participating brokers. The…

TLDR: Figure’s Kiavi acquisition adds over $7 billion in annual first-lien lending volume to its network. Democratized Prime is expected to receive more than $100 million in monthly asset flow after closing. Kiavi becomes the first platform scheduled for onboarding through Figure’s new Adaptor AI system. A Figure and Sixth Street venture will acquire Kiavi’s balance sheet loans as part of the deal. Figure Technology Solutions has agreed to acquire real estate lending platform Kiavi in a transaction valued at $717 million. The deal brings one of the largest residential transition loan originators into Figure’s blockchain-based lending network.  Figure plans…

TLDR Hungary moves to scrap prison terms linked to crypto trading violations Earlier rules targeted unlicensed exchanges and high-value transactions The government plans to end criminal prosecution for market participants Licensing restrictions previously pushed platforms like Revolut to exit Authorities aim to align the national framework with EU MiCA standards Hungary has started reversing its strict crypto rules and plans to remove criminal penalties for digital asset trading. The government move follows criticism of licensing barriers that pushed exchanges out of the country. Officials also aim to align national laws with the European Union MiCA framework and reduce market restrictions.…

Federal prosecutors have charged two alleged operators of a cryptocurrency laundering service that processed more than $389 million in transactions and received over 10,000 Bitcoin since launching in 2021. Summary U.S. prosecutors charged two alleged AudiA6 operators after tracing more than $389 million in cryptocurrency transactions through the laundering service. Authorities said the network received over 10,000 Bitcoin since 2021, including funds linked to darknet markets, ransomware groups and cybercrime services. An international operation led to arrests in Georgia, server seizures across multiple countries, and the freezing of cryptocurrency assets. According to the U.S. Attorney’s Office for the Eastern District…

Billionaire financier Tim Draper believes that the conventional banking system faces a more immediate threat from quantum computing than Bitcoin does. The statements have raised a discussion about which financial institutions are at the greatest risk as the technology continues its rapid advancement into the mainstream. Draper in an X post wrote that he feels his crypto investments are safer than the dollars stored in bank accounts. The financier’s opinion is supported by the fact that the banking infrastructure lacks the necessary safety measures that would allow a rollback to the last uncompromised block if a blockchain were to be…