Key takeaways

DOGE is down by nearly 6% and is now trading below $0.08.
The bearish performance comes as retail traders reduce their exposure to the market. 

DOGE extends losses after failed breakout

Dogecoin (DOGE) continued to face downward pressure on Tuesday, trading below $0.08 after failing to break above a key resistance zone. 

The meme coin has now dropped more than 10% over the past week, reflecting weakening momentum across both spot and derivatives markets.

Market data suggests that institutional participation in Dogecoin remains weak. According to SoSoValue data, spot Exchange Traded Funds (ETFs) linked to DOGE have shown little activity since early June, signaling a decline in demand from larger investors.

A continuation of negative or absent ETF flows could further weigh on price action, increasing the risk of additional downside volatility.

Sentiment around Dogecoin has also weakened on social platforms. Santiment’s Social Dominance metric, which tracks the share of cryptocurrency discussions focused on DOGE, fell to 0.095% on Tuesday. This level is close to early June lows and reflects a sharp decline in market attention.

The drop suggests fading enthusiasm among retail traders, often a key driver of momentum for meme-based cryptocurrencies.

Futures and options data further reinforce the cautious outlook. CoinGlass reports that Dogecoin’s long-to-short ratio fell to 0.80 on Tuesday, near its lowest level in over a month.

A ratio below 1 indicates that more traders are positioning for price declines than gains, highlighting growing bearish sentiment in the derivatives market.

DOGE price outlook: Key levels in focus

Dogecoin was trading around $0.07948 at the time of writing, maintaining a bearish short-term structure. 

The price remains below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are clustered between $0.093 and $0.114, reinforcing downside pressure.

Momentum indicators present a mixed picture. The Relative Strength Index (RSI) sits at the oversold territory near 29, suggesting selling pressure is stretched. 

However, the Moving Average Convergence Divergence (MACD) shows only mild stabilization, not a confirmed reversal.

On the upside, immediate resistance is seen near $0.0885, followed by the 50-day EMA at $0.0926 and the 100-day EMA at $0.0982.

A stronger recovery would require a break above the descending trendline near $0.1000, with further resistance at $0.1027 and the 200-day EMA around $0.1138.

On the downside, the critical support level remains the recent yearly low at $0.0776. A decisive break below this level could open the door for a move toward $0.0700, where buyers may attempt to re-enter the market.

Luxembourg’s financial regulator granted Ripple preliminary approval for a crypto asset service provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), the company said Tuesday.

Ripple said in a statement that the approval, once finalized, would allow it to offer regulated crypto services to banks, fintechs and other businesses across all 30 countries in the European Economic Area (EEA) through a single regulatory passport.

The move builds on Ripple’s existing Electronic Money Institution (EMI) license in Luxembourg, which allows it to provide regulated cross-border payments and electronic money services across the EEA. The update comes just days before the July 1 transitional deadline, when EU countries begin fully applying MiCA rules.

Cointelegraph reached out to Luxembourg’s Commission de Surveillance du Secteur Financier but did not receive an immediate response.

Full crypto asset and stablecoin payments infrastructure compliant with MiCA

Ripple said its pending CASP license, combined with the EMI license issued in February 2026, would enable a “full crypto asset and stablecoins payments infrastructure” through a single integration for the first time.

The company added that the approval also positions Ripple to expand into broader crypto asset activities in Europe, which is “already a leading region” for its products.

Source: Cassie Craddock

“MiCA has helped to unlock a new wave of institutional digital assets adoption, and we are seeing that demand accelerate across the region,” said Cassie Craddock, managing director of the UK and Europe at Ripple.

Europe becomes the regulatory battleground

Ripple’s CASP approval comes as Europe emerges as a key regulatory test case for the crypto industry as the MiCA framework takes effect.

Related: EUR trading accounts for 1% of Binance spot volume, CryptoQuant says

Crypto companies are racing to secure MiCA authorization ahead of the July 1 deadline, but major exchanges, including Binance, are still awaiting approval under the new regime.

Media reports have indicated that Greek regulators may be preparing to deny Binance’s application.

Ripple currently holds more than 75 regulatory licenses globally, including a UK license from the Financial Conduct Authority received in January 2026.

Magazine: SBF will never get a pardon, Trump peace deal boosts Bitcoin: Hodlers Digest June 14-21

TLDR

ETHLabs launched as a new Ethereum-focused nonprofit led by five former Ethereum Foundation researchers.
BitMine, SharpLink, and Ethereum co-founder Joseph Lubin joined the initiative as anchor funders.
ETHLabs aims to support Ethereum’s growth as a global financial settlement layer.
The organization plans to connect application developers with Ethereum’s core protocol teams.
More than 50 individuals and organizations, including Coinbase, Polygon, and Uniswap representatives, support the project.

A new Ethereum-focused nonprofit has launched with support from BitMine, SharpLink, and Ethereum co-founder Joseph Lubin. The organization, called ETHLabs, aims to accelerate Ethereum’s use as a global financial settlement layer. The launch comes as the Ethereum Foundation shifts toward a smaller role and encourages independent groups to expand research and development efforts across the ecosystem.

ETHLabs Launches With Support From Major Ethereum Backers

ETHLabs announced its formation on June 22 through a post on X. The nonprofit was founded by five former Ethereum Foundation researchers and developers. The group said it aims to help make Ethereum the settlement layer of the global economy.

The organization plans to work between application developers and Ethereum’s core protocol teams. It will focus on standards, infrastructure, and coordination. ETHLabs said it wants to connect real-world needs with technical development efforts.

Julian Ma, one of the founders, outlined the group’s direction in a public statement. Ma spent four years at the Ethereum Foundation before departing earlier this year. He said ETHLabs will support builders while improving Ethereum infrastructure.

“We are at the moment Ethereum was built for,” Ma wrote on X.

He added that Ethereum remains best positioned to serve worldwide finance. He also said the organization will expand distribution for Ethereum applications and assets.

The founding team includes Josh Rudolf, Ansgar Dietrichs, Barnabé Monnot, and Caspar Schwarz-Schilling. Each member previously worked at the Ethereum Foundation. They left the organization during recent months as part of broader personnel changes.

Former Foundation Researchers Form Independent Development Group

Several other Ethereum Foundation figures have also departed recently. Those departures include Tim Beiko, Tomasz Stańczak, John Stark, Trent Van Epps, and Hsiao-Wei Wang. ETHLabs contributor Ryan Berckmans said those exits reflected disagreements over strategy rather than confidence in Ethereum.

The ETHLabs announcement listed Beiko as a community member. However, Stańczak stated publicly that he was not involved with the initiative. Wang and Van Epps have not announced participation in the organization.

More than 50 individuals and organizations support the project. BitMine, SharpLink, and Lubin joined as anchor funders. Meanwhile, SNZ and Octant entered the initiative as contributors.

Community members include Uniswap founder Hayden Adams. Dragonfly partners Haseeb Qureshi and Tom Schmidt also joined the effort. Representatives from Coinbase, Polygon, Zksync, and other Ethereum-focused organizations are participating.

Several active Ethereum Foundation contributors are also involved. Those participants include Alex Stokes and Barnabas Busa. Their involvement reflects continued cooperation between independent groups and Foundation contributors.

Ethereum Foundation Acknowledges the New Initiative

The Ethereum Foundation publicly recognized the launch in a social media thread. The organization described ETHLabs as part of a wider trend across the ecosystem. It said multiple organizations now contribute to Ethereum’s development goals.

The Foundation stated that “realizing Ethereum’s potential takes a coalition of organizations working together.” It also said it looks forward to seeing what ETHLabs builds. The statement aligned with its recent efforts to decentralize research responsibilities.

Vitalik Buterin previously outlined the Foundation’s evolving role. He said the Foundation is “not the center of Ethereum” and functions as one participant within a broader network. According to Buterin, the organization intends to remain smaller while independent groups attract external funding and pursue development work.

Paraguayan Court Convicts Bitcoin Miners for Energy Theft Charges

The Paraguayan justice system has ruled against two individuals who allegedly used stolen energy to mine bitcoin by bypassing the metering system and connecting the power grid directly to their property.

On June 19, the National Power Administration of Paraguay (ANDE) announced that it obtained a favorable decision in a legal process against two miners, after a Paraguayan tribunal found Cristian Daniel Jara Villalba and Ramon Martinez Morinigo liable for energy theft, convicting them to two years in jail.

Nonetheless, even as they were found guilty, the court suspended the execution of the sentence. Even so, the ruling was described as a milestone for the power company, which stressed that it will serve as a strong precedent due to the nature of the case.

This is because one of the defendants, who held the contract with the power company at the location where the miners were discovered, failed to show that he did not know about the use of his property for these means, being also affected by the ruling.

“This judicial decision sets a powerful precedent by establishing that justice will reach not only those who carry out illegal connections but also those who facilitate, permit, or benefit from actions that compromise the national electricity system,” ANDE stressed.

Furthermore, it reaffirmed its “zero-tolerance policy regarding actions that undermine the national electricity system,” vowing to “continue to strengthen controls and legal measures to ensure that those who obtain electricity through illicit means are held accountable before the law.”

The move is part of a fierce fight that the administration has been fighting against illegal mining and energy theft for some years, as these activities have caused millions in losses for the institution and the country.

This is not the first case of a conviction for illegal energy theft destined to mine bitcoin in Paraguay, though. In 2023, Edgar Saavedra and Rodrigo Suares were also convicted of the same crimes and sentenced to spend two years in jail, but had their sentences suspended.

In August 2024, Carlos Raul Rojas was sentenced to 18 months in prison for similar crimes after causing over $1.5 million in losses to ANDE.

The Philippine Securities and Exchange Commission (SEC) has signaled that the country is ready to accommodate the tokenization of real-world assets (RWAs).

Speaking onstage at the Philippine Blockchain Week 2026, SEC Commissioner Rogelio Quevedo said the agency was “now fully convinced that we have the proper law [and] the proper regulatory mind and background” to accept asset tokenization. He said the technology could spur innovation in the capital markets and “revolutionize” stock exchanges. 

In a follow-up interview with Cointelegraph, Quevedo said tokenized investment products could provide overseas Filipino workers (OFWs) with more legitimate investment options.

“Our OFWs, they have the capital. They do not know where to place their money. They do not know how to make their money earn,” he said, pointing to investment scams that have targeted Filipinos seeking returns,” Quevedo said.

“We are also using artificial intelligence to go after these unscrupulous scams,” he added, stressing that the SEC was working with Google, TikTok and other online platforms to remove illegal investment offerings. 

The remarks framed regulated tokenization as both a capital-markets innovation and a potential investor-protection tool in the Philippines, where authorities have taken action against unregistered investment platforms.

Philippine SEC Commissioner Rogelio Quevedo (left) and Cointelegraph’s Ezra Reguerra (right) at the Philippine Blockchain Week 2026. Photo: Cointelegraph

Philippine SEC tests tokenized assets under regulatory sandbox

The position aligns with the SEC’s Strategic Sandbox, or StratBox, which allows fintech companies to test new products and business models in a live but controlled environment under regulatory supervision.

The framework allows the SEC, within the scope of its legal authority, to waive or modify certain legal and regulatory requirements for individual sandbox participants. However, participation does not automatically exempt a company from existing laws, and the sandbox cannot be used to circumvent legal or regulatory requirements.

Related: Meta rolls out stablecoin payouts for creators in Philippines, Colombia

In November 2025, the SEC said four companies had been admitted to the sandbox, including one testing a tokenized real estate offering. Two participants were testing access to United States equities, while BlockShoals Technologies received in-principle approval to test crypto-related products and services. 

Magazine: China’s 107 Bitcoin memory thief, Bithumb CEO booked: Asia Express

Key takeaways

CryptoQuant’s taker Cumulative Volume Delta (CVD) shows a persistent negative trend over the past 90 days for PI.
The coin is down 4.5% in the last 24 hours and now trades below $0.1300. 

PI extends losses amid weak market conditions

Pi Network (PI) traded in the red on Tuesday, falling below the $0.1300 level as selling pressure intensified across the broader crypto market. 

The token is now testing a breakdown of a rising support trendline, signaling growing bearish momentum.

Market data suggests that sellers remain firmly in control in the spot market. CryptoQuant’s taker Cumulative Volume Delta (CVD) shows a persistent negative trend over the past 90 days, indicating that sell orders have consistently outweighed buy orders. This pattern points to sustained distribution and weakening demand for PI.

At the same time, broader market sentiment is also deteriorating. The CoinMarketCap Fear and Greed Index currently sits at 20, reflecting “Extreme Fear” conditions. 

Such risk-averse environments often weigh heavily on speculative and community-driven assets like Pi Network.

PI technical breakdown signals bearish shift

Pi Network has extended its bearish structure after dropping below the 50-period Exponential Moving Average (EMA) at $0.1335 on the 4-hour chart, as well as the $0.1300 psychological level.

The breakdown below a rising support trendline near $0.1300 is a key technical development, with a confirmed close beneath this level potentially validating a bearish reversal.

Following the breakdown, price action now risks deeper declines toward key Fibonacci levels. Immediate downside focus lies at the 78.6% retracement level near $0.1251, based on the move from $0.1532 to $0.1184.

If selling pressure continues, the next support levels include the swing low at $0.1184, followed by the 127.2% Fibonacci extension around $0.1103.

Technical momentum indicators continue to favor sellers. The Relative Strength Index (RSI) on the 4-hour chart has dropped to 38, approaching oversold territory.

Meanwhile, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, reinforcing bearish momentum despite the possibility of a short-term technical rebound.

On the upside, immediate resistance is clustered around the $0.1300 region, which now aligns with the broken trendline. 

This is followed by the 50-period EMA at $0.1335 and the 50% Fibonacci retracement level at $0.1346.

Further resistance levels include the 200-period EMA near $0.1390 and the 78.6% retracement at $0.1441, which would need to be cleared for any meaningful bullish recovery to take shape.

THORChain has resumed activity after over a month of security verifications and upgrades, following a $10.7 million exploit that prompted a trading halt on May 15.

In a Tuesday X post, THORChain said it restored its network, including trading, signing, swaps and liquidity provider actions.

On Sunday, the protocol said it had confirmed the safety of most of its vaults through the KeyVerify protocol and retired the remaining legacy vaults as part of a migration to a new set of vaults. THORChain called the upgrade the “most significant milestone” in its recovery process. It also said it completed verification of every node’s keyshare on Friday.

THORChain is one of the crypto industry’s largest cross-chain trading protocols, enabling swaps between networks such as Bitcoin and Ethereum. The protocol has drawn scrutiny from blockchain investigators because hackers have used it to move stolen funds between blockchains.

Source: THORChain

THORChain ships security upgrades and migrates old vaults

THORChain attributed the exploit to a vulnerability in its GG20 threshold signature scheme, which is used to secure protocol vaults by distributing key control across multiple node operators. According to the protocol, the flaw allowed a malicious node operator to reconstruct a full private key through what it described as “progressive key material leakage,” enabling the theft of $10.7 million.

Related: Kelp DAO exploiter launders nearly all 75,700 in stolen ETH through THORchain

The protocol implemented an emergency patch on May 20 to protect the remaining vaults before releasing an upgrade on June 9, which included a fix for the exploited vulnerability. A follow-up upgrade was rolled out on June 11 with additional stability improvements and fixes to the KeyVerify protocol.

THORChain network overview, node upgrades. Source: THORChain Explorer

With the recovery process largely complete, THORChain has also outlined plans for new network integrations.

THORChain said it will launch native swaps and vaults for privacy-preserving cryptocurrency Zcash (ZEC) within the next two weeks, followed by Monero (XMR).

It also plans to launch support for the Bittensor (TAO) token in about six weeks after the network’s restart.

Magazine: 53 DeFi projects infiltrated, 50M NEO tokens could be ‘given back’: Asia Express  

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

The creation of an EU-issued digital euro moved a step closer Tuesday after a key European Parliament committee vote.

The EP’s Economic and Monetary Affairs Committee (ECON) approved its position on the digital euro package with a 43–14 vote, according to an official announcement on Tuesday.

Fernando Navarrete Rojas, a member of the European Parliament (MEP), said the package “protects citizens’ freedom to choose how they pay,” adding that the digital euro would “complement cash, never replace it.”

The vote marks a key step in shaping the rules for the EU’s potential central bank digital currency (CBDC), as the European Central Bank (ECB) targets a 2029 digital euro launch.

Privacy and offline payments at core

Under the approved draft, the digital euro would be issued by the ECB and function both online and offline.

Online payments would use an account-based system, while offline payments would operate through local device storage, similar to cash in terms of user control.

“The offline functionality would be equivalent to using physical cash, as losing the device would mean losing the offline money with no refund possible,” the announcement read.

Source: ECB

The proposal includes privacy-by-design features, including technologies such as zero-knowledge proofs (ZKPs) to verify transactions without exposing personal data. “The ECB would not have access to personal identification data,” the announcement said.

Digital euro won’t pay interest

The draft also introduces holding limits to protect financial stability, with caps on how much digital euro individuals can hold. These limits would be set by the European Commission based on ECB recommendations and reviewed regularly.

The currency would not pay interest, and businesses would only be allowed to hold digital euros temporarily to accumulate incoming payments for up to 24 hours. Businesses would generally be required to accept the digital euro, with some exceptions for very small firms and self-employed operators who do not already accept digital payments.

Related: ECB signs standards deals to cut digital euro integration costs

Basic services such as account access and payments would be free, while additional services could carry capped fees for providers. Offline transactions would remain free under the proposal.

Wider rollout and institutional roles

The legislation also outlines a broader distribution model involving banks, payment providers and regulated crypto firms. Post offices and e-money providers could also distribute the digital euro across the eurozone.

Before launch, the ECB would need to finalize technical rules, run pilot tests and coordinate with payment providers. A rollout period of at least two years would follow approval of the final law.

Related: ECB official says stablecoins risk importing old market flaws

The latest approval marks clearing a key hurdle to rollout of digital euro after the ECB laid groundwork for a CBDC in 2020.

The project has faced repeatedly delays due to unfinalized legislation, with ECB Executive Board member Piero Cipollone projecting as recently as September that the digital euro would likely not launch until 2029.

EU consortium moves ahead with regulated stablecoin

Last month, Qivalis, a European banking consortium developing a regulated euro stablecoin, expanded to 37 member institutions after adding 25 new banks across 15 countries.

The new members include ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo. The Amsterdam-based consortium is targeting a second-half 2026 launch, according to a statement shared with Cointelegraph.

“We are not merely building payment rails; we are ensuring that European principles around data protection, financial stability and regulatory rigour are embedded into the next generation of digital money,” said Howard Davies, chairman of Qivalis’ supervisory board.

The move comes as European institutions race to establish alternatives to US dollar-dominated stablecoins, which currently account for 98% of the market, according to CoinGecko.

“Europe does not have to choose between the digital euro and successful private payment solutions. We need both to work together,” MEP Rojas said in an email response to Cointelegraph’s query. “The agreement recognizes the right dual approach: existing standards and infrastructure should be reused wherever possible and, where new standards are necessary, they should be open and accessible to banks, payment providers and innovative solutions.”

Magazine: Clarity Act risks repeat of Europe’s mistakes, crypto lawyer warns

Fortune was the first to report the raise, announced June 23, 2026. Amplify Partners led the round, with Kleiner Perkins and Theory Ventures participating. Amplify partner David Beyer is joining Allium’s board.

From Three People to 30 Petabytes

Ethan Chan, co-founder and CEO, took to X to share details of the milestone. “Today, we manage 30+ petabytes of blockchain data that serves as the onchain system of record for institutions like Visa, BCG, and major banks and asset managers,” Chan wrote.

Chan and co-founder Cheng Han Lee started Allium in 2021 after meeting as college freshmen. The core problem they set out to fix: blockchain data was fragmented across hundreds of chains and unusable at institutional scale.

Today Allium ingests raw data from 150-plus chains and more than 10,000 protocols, normalizes it into standardized, queryable formats, and delivers it via APIs, data streams, and analytics tools to roughly 150 enterprise customers. Those customers include Visa, BCG, Coinbase, A16z Crypto, Stripe, Uniswap, and Phantom. Allium’s data has been cited by research institutions including the U.S. Federal Reserve and Stanford University.

10x Revenue Growth Since Series A

Chan outlined post-Series A traction in his X post. Revenue grew 10x in the two years since that round closed in July 2024. Visa and BCG both built stablecoin dashboards directly on Allium’s platform.

“ Blockchain went from retail speculation to institutional infrastructure for 24/7 settlement, programmable payments, and tokenized assets that trade like equities,” Chan wrote.

The Agentic Upside

Amplify Partners’ David Beyer pointed to a longer-term opportunity. “The really, really big upside for them ultimately is the agentic piece,” Beyer said in the Forbes coverage, referring to AI agents using blockchains and stablecoins for autonomous payments and transactions, a use case that depends on high-quality, normalized onchain data as a foundation.

Chan connected Allium’s positioning to lessons from machine learning. “You have to control the data source,” he said.

Market Context

The raise comes as blockchain analytics peers face pressure. Dune Analytics laid off staff in May 2026, and Messari was acquired by Blockworks at a discount in June 2026. Allium has differentiated through its enterprise focus, data quality at scale, and alignment with rising Wall Street participation in crypto, stablecoin expansion, and real-world asset ( RWA) tokenization.

“It’s never been a better time for the institutional side,” Chan said.

The company now employs approximately 50 people. Specific allocation details for the Series B proceeds were not disclosed at the time of announcement.