Regardless of one other week of draw back for the cryptocurrency market, the staked Ether provide reached a brand new all-time excessive, that means over 28% of the token’s provide is now locked in trade for passive earnings.
A rising staked Ether (ETH) provide signifies that extra buyers are making ready to carry their tokens, as an alternative of promoting at present costs.
In the meantime, publicly-traded firms proceed establishing company cryptocurrency reserves, signaling elevated institutional adoption of digital property past Bitcoin (BTC).
On Thursday, Nasdaq-listed Lion Group Holding (LGHL) introduced plans to ascertain a $600 million crypto treasury reserve, with the Hyperliquid (HYPE) token as its primary asset.
The Singapore-based buying and selling platform will deploy its first $10.6 million funding by Friday, after the corporate secured a $600 million facility from ATW Companions, Cointelegraph reported.
Staked Ethereum hits 35 million ETH excessive as liquid provide declines
The availability of staked Ether reached an all-time excessive this week, signaling rising investor confidence and a squeeze on the liquid provide of the world’s second-largest cryptocurrency.
Over 35 million Ether (ETH) cash are now staked under the Ethereum blockchain’s proof-of-stake consensus mannequin, according to information from Dune Analytics.
Over 28.3% of the whole Ether provide is now locked into sensible contracts and is unsellable for a pre-determined time in trade for producing passive earnings for buyers.
A rising staked provide additionally signifies that a big share of buyers are making ready to carry their ETH as an alternative of promoting at present costs.
Over 500,000 ETH was staked within the first half of June, signaling “rising confidence and a continued drop in liquid provide,” said pseudonymous CryptoQuant writer Onchainschool in a Tuesday publish.
Ether accumulation addresses, or holders with no historical past of promoting, have additionally reached an all-time excessive of twenty-two.8 million in ETH holdings, signaling that Ethereum is among the many “strongest crypto property by way of long-term fundamentals and investor conviction,” the analyst mentioned.
“Crypto-native” asset managers quadruple onchain holdings since January
Crypto asset managers have considerably expanded their holdings on blockchains because the begin of the 12 months, whereas establishments more and more use decentralized finance as a back-end to their companies, in accordance with a brand new report.
“A brand new class of ‘crypto-native’ asset managers is rising,” the analytics platform Artemis and DeFi yield platform Vaults mentioned in a report on Wednesday.
“Since January 2025, this sector has grown its onchain capital base from roughly $1 billion to over $4 billion.”
The report mentioned asset managers are “quietly deploying capital throughout a various vary of alternatives,” giving the instance of main companies having locked in almost $2 billion within the decentralized lending and borrowing platform Morpho Protocol.
Crypto has boomed this 12 months because the US’s Trump administration has moved to help the sector, giving establishments confidence they will use crypto and DeFi protocols with out going through regulatory litigation.
Nobitex supply code leaked after $100 million hack by pro-Israel group
Hackers behind a $100 million exploit of Iranian cryptocurrency trade Nobitex launched the platform’s full supply code, putting remaining consumer property in danger.
Nobitex trade was hacked for at least $100 million of cryptocurrencies on Wednesday by a pro-Israel group calling itself “Gonjeshke Darande,” which claimed duty for the assault.
Within the newest flip of occasions, the group mentioned it had made good on its earlier menace to leak the code and inside recordsdata of the trade.
“Time’s up – full supply code linked under. ASSETS LEFT IN NOBITEX ARE NOW ENTIRELY OUT IN THE OPEN,” Gonjeshke Darande wrote in an X post on Thursday.
The X thread detailed key safety measures of the trade, together with its privateness settings, blockchain chilly scripts, listing of servers and a zipper file containing the complete supply code to the Nobitex trade.
The supply code was leaked a day after the group took duty for the exploit, promising to launch the trade’s supply code and inside recordsdata inside 24 hours.
The hackers mentioned they focused the trade as a result of it has ties to Iran’s authorities and participates in funding actions that violate worldwide sanctions.
Flare Community bridges XRP to DeFi to unlock dormant liquidity
Regardless of its large reputation, XRP has remained largely absent from decentralized finance (DeFi) due to the technical limitations of the XRP Ledger (XRPL).
XRPFi, a DeFi ecosystem centered on XRP (XRP), goals to slim that hole. It leverages Flare Community’s bridging and sensible contract know-how to deliver XRP into the realm of programmable finance.
Flare Community, a full-stack layer-1 blockchain designed for data-intensive purposes, serves as a vital bridge connecting non-smart-contract property like XRP to the DeFi ecosystem.
On the coronary heart of Flare’s infrastructure is FAssets, a system that creates absolutely collateralized representations of those property. One notable instance is FXRP, a wrapped model of XRP that permits holders to deploy their XRP in DeFi protocols inside Flare’s community.
By staking FXRP, holders obtain stXRP, a liquid staking token that represents a declare on the staked FXRP.
“This setup permits XRP holders to unlock native-like staking yields on an asset that in any other case doesn’t help staking, enabling passive earnings with out sacrificing liquidity,” Max Luck, head of progress at Flare, informed Cointelegraph.
Deribit, Crypto.com combine BlackRock’s BUIDL as buying and selling collateral
Crypto derivatives trade Deribit and spot trade Crypto.com are accepting BlackRock’s tokenized US Treasury fund as buying and selling collateral for institutional and skilled shoppers.
The transfer will permit institutional merchants to make use of a low-volatility, yield-bearing digital instrument as collateral for his or her accounts, decreasing the margin necessities for leveraged buying and selling, in accordance with Forbes.
Coinbase, one of many world’s greatest exchanges by buying and selling quantity, introduced a $2.9 billion deal to acquire Deribit in May 2025.
The deal can develop the utility of BlackRock’s Institutional Digital Liquidity Fund (BUIDL). The fund holds almost 40% of the tokenized Treasury market share, or roughly $2.9 billion in worth locked, in accordance with data from RWA.XYZ.
Tokenized US Treasury merchandise are slowly rising as an alternative to traditional stablecoins, due to their yield-bearing properties. The expansion of those merchandise displays the broader merger of cryptocurrencies with the legacy monetary system.
DeFi market overview
In keeping with information from Cointelegraph Markets Pro and TradingView, many of the 100 largest cryptocurrencies by market capitalization ended the week within the purple.
The Story (IP) token fell over 18% because the week’s greatest loser within the prime 100, adopted by the 4 (FORM) token, down over 12% through the previous week.
Thanks for studying our abstract of this week’s most impactful DeFi developments. Be a part of us subsequent Friday for extra tales, insights and schooling concerning this dynamically advancing house.
