Ethereum

Sharplink purchased another 10,000 ETH, bringing its total holdings to 886,725 ETH as it builds one of the largest corporate ether treasuries. The company also repurchased more than 2.1 million shares, linking its capital strategy to growth in ETH per share. Sharplink is tying share buybacks to its ETH treasury as part of a long-term capital plan.

Coinbase’s layer-2 network Base suffered an outage of about two hours on Thursday after an invalid block triggered a consensus failure that halted all transactions on the chain. The disruption began at 16:03 UTC, when Base’s status page flagged mainnet block production as “unhealthy.” Base later said operations were restored, user funds remained secure, and a full post-mortem would follow.

Crypto security incidents are often labeled “DeFi hacks” even when the underlying failure has little to do with smart-contract code. Several common breakdowns—stolen private keys, compromised signers, poisoned frontends, or governance abuse—can all end with funds moving on-chain, but they start in different places. In 2024, off-chain incidents made up 56.5% of attacks and 80.5% of stolen funds, according to Halborn. The piece argues that misnaming the failure can push the industry toward the wrong fix.

Ethereum investors may be better served by staying patient rather than taking a bullish or bearish directional bet. Data cited in the report point to potential for intensified selling pressure as ETH retests key support. Signals tied to exchange flows and network activity suggest adoption has softened. Analysts said a shift in stablecoin inflows to exchanges could become a bullish turning point, but that condition has not yet appeared.

The crypto market was largely flat over the past day, but Bitcoin still slipped below $60,000. It has since managed to hold that level for now. Most altcoins were in the red at the time of writing (Thursday, 13:15 UTC). The main drivers in the market are ETF flows and U.S. Federal Reserve decisions, according to TechGaged.com.

Russia is postponing a law that would regulate cryptocurrency transactions, the finance ministry said. The legislation was due to take effect no later than the first day of next month. The rules would legalize crypto investing while banning advertising.

Ethereum has officially ceded its lead to XRP Ledger in the $1. 6 billion Ripple USD race. The change marks a shift in where the stablecoin’s supply is concentrated across the two networks.

Bitcoin and Ethereum have rebounded from lows of $59,010 and $1,550. BTC has recovered to $61,742, while ETH is at $1,652. The bounce follows $1 billion in crypto liquidations over 24 hours, one of the three largest liquidation events of the past 90 days.

Ripple’s dollar-backed stablecoin RLUSD is now legally available in Japan through SBI VC Trade. The token is being offered via the firm’s licensed VCTRADE platform to both institutional and retail users.

DeFi’s total value locked (TVL) has steadily declined throughout 2026. It has fallen every month this year, dropping from around $115 billion in January to nearly $70 billion in June. The year-to-date decline stands at about 39%.