Ethereum gets a new nonprofit focused on institutional adoption
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The launch comes as the Ethereum Foundation narrows its focus to stewarding the core protocol, with independent organizations like EthLabs emerging to take on ecosystem functions such as research & development.
According to market news, Federal Reserve Chairman Kevin Walsh has appointed former Bank of England Governor Mervyn King to jointly lead the Federal Reserve's new communication affairs working group.
On July 1st, Drift, a perpetual contract trading platform, announced its renaming to Velocity and is pushing for the restart of a new generation trading platform based on Solana. Velocity plans to open a private beta version to some partners and traders in the coming days to verify the stability and performance of the new generation perpetual contract trading system.
The bank said in a note bitcoin's cycle points to a market bottom in the coming months, urging investors to focus on networks with durable value accrual.
