French banking giant Societe Generale will launch USD Coinvertible (USDCV) on Ethereum and Solana networks in early July, partnering with BNY Mellon as reserve custodian. This marks the bank’s second stablecoin offering following their successful EUR Coinvertible launch in 2023.
Binance Research reports that cryptocurrency is rapidly integrating with traditional finance through major developments including JPMorgan accepting crypto ETFs as loan collateral and new SEC guidance on staking. Despite short-term political volatility affecting Bitcoin and Ethereum prices, institutional adoption signals strong long-term growth potential.
Rex Shares received SEC approval for Ethereum and Solana staking ETFs that will trade on Nasdaq, offering investors regulated exposure to crypto staking rewards with expense ratios of 1.28% and 1.40% respectively.
Ethereum demonstrates resilience with strong futures data and layer-2 growth, outperforming the broader crypto market by 17% over 30 days despite failing to break above $2,700.
Prediction market platform Kalshi now accepts Solana (SOL) deposits, joining Bitcoin and Ethereum as supported cryptocurrencies for trading and withdrawals.
Ethereum’s price ratio against Bitcoin has surged 38% from multi-year lows, with multiple on-chain metrics suggesting ETH may be positioned for significant outperformance and potential altcoin season catalyst.
Tether has minted $1 billion of USDT on the Tron blockchain, pushing its authorized supply above Ethereum’s and marking a significant shift in stablecoin network dominance.
Ethereum maintains bullish momentum above its 200-day moving average while approaching the critical $2,800 resistance level that could determine the next major price movement.
Ethereum co-founder Vitalik Buterin has proposed simplifying the blockchain to Bitcoin’s level of complexity, aiming to attract more developers and improve performance while maintaining Ethereum’s position as the leading platform for tokenized assets.
Bitcoin holds steady above $100,000 in its fourth consecutive positive week while Ethereum surges 26% for its best weekly performance since 2021, though structural differences in investment flows continue to favor Bitcoin’s year-to-date performance over most altcoins.
