Digital asset integrations with traditional finance were on the rise, with new products signaling a promising future.
Thefts from hacks continue to be a looming threat.
The headlines:
- Ripple Labs continued to make headlines;
- Grayscale made a decentralized data debut;
- Fiserv wants in on the stablecoin action;
- Similarly, Republic wants to bring SpaceX’s shares (and others) on-chain;
- According to SEC Commissioner Hester Pierce, crypto ETF in-kind redemptions are coming soon;
- Plus, Coinbase Crypto Futures Perps are coming at the end of July! (more on that later);
- And much more!
As always, these are your decentralized diaries!
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Bitcoin is at $107k (as of 6/30/25)
Digital assets continued rebounding. Bitcoin moved from its $99,705.74 low to a $108,383.44 high before settling at $107,736.72.
The altcoins are also in bullish territory, too.
Ethereum (ETH) is at $2,468.13, Solana (SOL) is at $150.97, Chainlink (LINK) is at $13.21, Avalanche (AVAX) is at $18.01, Litecoin (LTC) is at $85.71, and Polkadot (DOT) is at $3.41.
Ripple Labs Made Some Big Moves
XRP token issuer Ripple Labs made headlines with an upgrade and some bold strides. Chief among these is an upgrade that includes the new version 2.5.0 of its Rippled ecosystem architecture.
Ripple also unveiled token escrow capabilities for its ledger alongside a permissioned decentralized exchange (DEX).
In related news, Ripple Labs also announced an integration with the cross-chain platform Wormhole.
Grayscale Debuted an Investment Trust
Boutique crypto asset manager Grayscale expanded its footprint with the launch of the SXT-token-focused Grayscale Space and Time Trust. The offering enables exposure to the Microsoft-backed decentralized data platform Space and Time.
Furthermore, the product’s shares track the SXT token’s price minus additional fees and other costs.
Similarly, Grayscale Research re several digital assets that made its ‘Top 20’ list for Q3 2025. They include the Avalanche (AVAX) and Morpho (MORPHO) tokens.
Fiserv Revealed Stablecoin Launch Plans
A June 23 announcement unveiled payments-focused Fintech Fiserv’s plans to launch its FIUSD stablecoin. The financial institution-focused token will leverage the ecosystems of leading cryptocurrency players Circle and Paxos.
Specifically, Fiserv plans to launch the token on the Solana blockchain. The Fintech company has yet to announce a launch date for the digital asset.
Republic Wants to Tokenize Private Company Equities
A June 25 Wall Street Journal report showed Republic’s plans to tokenize shares of private companies. Republic initially intends to obtain shares of the Elon Musk-owned SpaceX and issue blockchain-based versions of the instruments.
Other firms on Republic’s radar include AI firms Anthropic and OpenAI.
Sen. Tim Scott Targets September 30 for Crypto Market Structure Bill Finalization
At a June 26 event on Capitol Hill, Senate Banking Committee Chairman Sen. Tim Scott indicated that the Crypto Market Structure Bill will be ready by September 30. Scott announced the deadline to Robert Hines, the director of the Presidential Council of Advisers for Digital Assets.
Scott also reiterated that the House of Representatives should swiftly approve the stablecoin-focused GENIUS Act.
Similarly, on June 23, the House of Representatives passed the Deploying American Blockchains Act of 2025 (H.R. 1664) by a voice vote. The legislation heads for debate in the Senate.
Crypto Futures Perps Are Coming to Coinbase in July
On June 26, the premier crypto exchange Coinbase announced the July 21 launch of nano Ethereum (0.10 ETH) and nano Bitcoin (0.01 BTC) perpetual-style futures contracts. Coinbase intends for the instruments to remain in tandem with spot token prices alongside CFTC-approved compliance readiness.
Moreover, the instruments will have five-year expiry deadlines and include hourly funding requirements to correspond with token spot prices and round-the-clock trading.
ETF In-Kind Redemptions Are Coming-Pierce
At a June 25 Bitcoin Policy Institute event, SEC Commissioner Hester Pierce unveiled the regulator’s plans for ETF in-kind redemptions. Pierce indicated that the SEC is currently processing previously filed forms from ETF issuers.
Consequently, Pierce also indicated rising interest in the procedure.
Arizona’s Lower House Approved a Bitcoin Reserve Bill
In the Grand Canyon State, on June 24, the Arizona State House of Representatives approved House Bill 2324 by a vote of 34-22. The bill aims to establish a cryptocurrency reserve fund that will hold seized tokens.
Additionally, the bill enables mechanisms for the storage and sale of digital assets and includes a sharing formula among several agencies.
Over $2.1 Billion Lost to Crypto Hacks in H1 2025-TRM Labs
According to a recent TRM Labs report, digital asset hackers have been busy. The June 26 document highlighted 75 cases in the first half of the year, resulting in losses exceeding $2.1 billion.
Notably, among the hacks is the loss of $1.5 billion in tokens by Dubai, UAE-based crypto exchange Bybit. The report also indicated that crypto users lost $100 million to bad actors in June.
The Canton Network Got Integrated With Nasdaq’s Calypso
In a June 26 post on its website, institutional-focused permissionless blockchain Canton announced the setup of its first margin and collateral workflow. The deployment included an integration with the Nasdaq Calypso platform.
Other global players participated in the project. They include Digital Asset Holdings, QCP, and Primrose Capital Management.
SoFi Unveiled Crypto Comeback Plans
Following a two-year departure from the crypto space, boutique Fintech SoFi Technologies intends to return. SoFi CEO Anthony Noto announced this agenda in a June 25 Twitter/X post.
Additionally, fiat-to-crypto remittance offerings are in development.
Consensys’s Lubin Warned Against Excess Crypto Treasury Leverage
In a June 26 Bloomberg interview, Consensys CEO Joseph Lubin raised concerns about digital asset treasury firms using too much leverage. Lubin indicated that things could get out of hand if treasury firms went too far in terms of leverage.
Consequently, Lubin also called on firms to deploy efficient and prudent risk management strategies in their operations.
Upexi wants to List its Shares on the Solana Network
A June 26 announcement revealed plans by crypto treasury firm Upexi to bring its shares to the Solana blockchain. The firm intends to tokenize SEC-registered equities via a deployment with on-chain ecosystem Opening Bell.
Moreover, the deployment enhances investor interactions and includes DeFi staking activities within the Solana ecosystem.
Crypto ETFs Sustained Momentum
The digital asset ETF space wasn’t left out. On June 25, Invesco and Galaxy Digital filed an S-1 form with the SEC to launch the Invesco Galaxy Solana ETF.
Similarly, on June 26, Bitwise filed to amend its Aptos and Dogecoin ETF applications to include in-kind redemptions. A June 27 email showed no objections from Andrea Magovern, Assistant Director of the SEC’s Division of Investment Management, for REX Shares and Osprey Funds’ twin Ethereum and Solana ETFs.
