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ENS DAO Delegates Call Foundation Proposal a Governance Attack as Johnson Self-Delegates
DeFi

ENS DAO Delegates Call Foundation Proposal a Governance Attack as Johnson Self-Delegates

Multiple named delegates escalated opposition to the ENS Foundation empowerment temp check Monday, with Security Council member Brantly Millegan threatening a veto and ENS Labs founder Nick Johnson having self-delegated enough tokens to pass the proposal over their objections.
Ethereum Foundation Cuts 20% of Staff in Sweeping Reorganization
Blockchains

Ethereum Foundation Cuts 20% of Staff in Sweeping Reorganization

The Ethereum Foundation has eliminated 54 positions, about 20% of its workforce, as part of a restructuring tied to its updated spending mandate. Vitalik Buterin announced a 40% annual budget cut targeting a reduction in treasury spend from 15% to 5% by 2030. Arkham Intelligence places EF's ETH holdings at approximately $209 million, a nearly six-year low.
Aztec Tells V4 Users to Withdraw Before June 25 as V5 Upgrade Exposes Security Flaws
DeFi

Aztec Tells V4 Users to Withdraw Before June 25 as V5 Upgrade Exposes Security Flaws

Aztec Network is urging Alpha V4 users to pull funds before June 25, when the V5 governance vote will publicly disclose the current version's critical proving-system vulnerability.
Ethereum Foundation Cuts Budget 40% in Sweeping Restructuring
Blockchains

Ethereum Foundation Cuts Budget 40% in Sweeping Restructuring

The nonprofit is eliminating 54 roles as Vitalik Buterin warns that the leaner organization will involve “grand sacrifices,” including changes to client development, Devcon and institutional work.
SBI Group Plans to Issue Yen Stablecoin JPYSC as Early as This Week, Nikkei Reports
Regulation & Politics

SBI Group Plans to Issue Yen Stablecoin JPYSC as Early as This Week, Nikkei Reports

SBI Group, Japan's $252 billion financial conglomerate, plans to issue JPYSC this week per Nikkei reporting, becoming the first Japanese institution to launch a trust-bank-structured yen stablecoin under the amended Payment Services Act.
House Sets July CLARITY Act Field Hearing as Lummis Presses for a Senate Floor Vote Before the Recess
Regulation & Politics

House Sets July CLARITY Act Field Hearing as Lummis Presses for a Senate Floor Vote Before the Recess

The House Financial Services Committee scheduled a July 17 field hearing on the digital-asset market-structure bill, part of a July calendar that puts the CLARITY Act on a tight clock before the August recess.
Ripple Wins Preliminary MiCA CASP Approval in Luxembourg, Unlocking EEA Passporting
Regulation & Politics

Ripple Wins Preliminary MiCA CASP Approval in Luxembourg, Unlocking EEA Passporting

Ripple has received a preliminary Crypto Asset Service Provider license from Luxembourg's CSSF under MiCA, a regulatory step that positions Ripple Payments for a full rollout across all 30 European Economic Area countries once final conditions are satisfied.
MoneyGram Becomes Solana Validator, Joins Institutional Developer Platform
Blockchains

MoneyGram Becomes Solana Validator, Joins Institutional Developer Platform

MoneyGram has launched an active validator node on Solana and joined its institutional developer platform, making Solana the payments giant’s third blockchain validator commitment alongside Tempo and Midnight. The move deepens a blockchain infrastructure push that began with Stellar remittances in 2021.
SoFi's Bank-Issued Stablecoin Hits $150M as Bullish Becomes First CEX to List It
TradFi & Fintech

SoFi's Bank-Issued Stablecoin Hits $150M as Bullish Becomes First CEX to List It

SoFiUSD, the first stablecoin issued by a US national bank, crossed $150 million in circulating supply on Tuesday as Bullish became the first centralized exchange to list the token.
Bithumb Lists Canton (CC) in Korean Won Market as Institutional Blockchain Eyes Retail Liquidity
CeFi

Bithumb Lists Canton (CC) in Korean Won Market as Institutional Blockchain Eyes Retail Liquidity

South Korea’s second-largest exchange has listed Canton Coin in its KRW market, opening the Goldman-backed, DTCC-integrated blockchain to retail investors ahead of the 14:00 KST trading start on June 23.