XAUT: Now available on FF
Stability, transparency, and global accessibility — that's what the new XAUT stablecoin is all about. And now it's available on FF. XAUT is a digital asset issued by Tether and backed by physical gold. Learn more about the token here
Toncoin officially rebrands as Gram
Toncoin officially rebranded to Gram on June 15.
A total of 81.2% of TON community voters supported the proposal to rename the TON currency to GRAM. The blockchain itself will remain unchanged and continue to operate under the name The Open Network (TON).
Telegram founder Pavel Durov also commented on the rebranding, describing it as "a return to the roots." Gram was the original name of the Telegram Open Network token during the project's 2018 ICO.
Token holders do not need to take any action. The team has warned users that any offers to exchange or convert TON into GRAM should be treated as scams. Wallet balances, addresses, smart contracts, NFTs, staking positions, and DeFi assets will remain unchanged.
The transition to the new name is expected to be completed by June 22.
Base announces Beryl upgrage
The Base Layer-2 network has announced the upcoming Beryl upgrade, scheduled to go live on mainnet on June 25.
The key feature of the upgrade is the introduction of the B20 standard, designed to improve efficiency, reduce token creation costs, and maintain full ERC-20 compatibility.
Beryl will also introduce Multiproofs technology, reducing withdrawal times from Base to Ethereum from seven days to five. In addition, the network will implement Reth V2 to improve performance and speed up block processing.
The next upgrade, Cobalt, is expected in September and will introduce native account abstraction.
Cardano ecosystem faces challenges
June has gotten off to a difficult start for Cardano. Several setbacks have weighed on the ecosystem, including the community's rejection of funding for Cardano Summit 2026, the announced shutdown of analytics platform TapTools, and ADA falling below the key psychological level of $0.20 for the first time in more than five years.
The most widely discussed development was the rejection of a proposal to allocate 7.8 million ADA from the treasury to fund the annual Cardano Summit in Singapore. Although the initiative had support from ecosystem leaders, it ultimately failed to secure enough votes. The outcome highlighted how Cardano's new governance model places decision-making power in the hands of the community rather than project leadership.
At the same time, the ecosystem continues to lose prominent participants. TapTools, one of Cardano's leading analytics platforms, announced it would cease operations shortly after the closure of JPG.store, the network's largest NFT marketplace. The team cited staffing challenges and infrastructure maintenance costs as the primary reasons.
ADA has also come under pressure amid these developments. Over the past month, the total value locked in Cardano's DeFi ecosystem has declined significantly, while ADA now trades more than 90% below its 2021 all-time high.
Not everyone sees the current situation as a crisis, however. Some market participants view it as a difficult but necessary stage in the ecosystem's evolution. Cardano is gradually moving toward stronger financial discipline and fully decentralized governance, where projects must demonstrate value rather than rely on continuous treasury support.
The project's future will largely depend on its ability to retain developers, attract fresh liquidity, and reverse the decline in user activity.
Bitcoin remains under pressure
Bitcoin continues its recovery efforts, but it is still too early to call a full market reversal.
According to Glassnode, the world's largest cryptocurrency is currently trading roughly 15% below its average market value, estimated at $77,200.
Despite recent price gains, short-term investor sentiment remains weak. Many traders seeking quick profits are still holding positions at a loss. The MVRV indicator has yet to show signs that holders have reached break-even levels, a condition that often precedes market exits.
Over the past three months, Bitcoin's realized market capitalization has fallen by 1.45% to $1.07 trillion, signaling continued capital outflows from the asset.
There are, however, some early signs of improvement. Following a recent bout of volatility, buying activity on Binance has increased noticeably. Demand for downside protection has eased, while volatility expectations have returned to more stable levels.
Glassnode notes that panic selling is beginning to subside, although market conditions remain fragile. Bitcoin's next move will depend on whether buyers can defend current price levels and attract new capital into the market.
Former Ethereum foundation emplyee warns of fundimg crisis
Trent Van Epps, a former Ethereum Foundation employee, has warned that the Ethereum ecosystem could face a funding crisis within the next three to nine months.
According to Van Epps, the primary risks stem from reduced spending by the Ethereum Foundation and the conclusion of the Client Incentive Program, which supports client software developers.
He estimates that maintaining Ethereum's ecosystem—including developer support and critical infrastructure projects—requires roughly $30 million per year. Without sufficient funding, he believes Ethereum could face slower development and a shortage of experienced talent.
To avoid such an outcome, Van Epps argues that the ecosystem needs more stable and transparent funding mechanisms.
Joseph Lubin, CEO of ConsenSys, disagreed with those concerns and expressed confidence in the Ethereum Foundation's financial position.
