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Crypto

Circle launches cirBTC on Ethereum, targets institutional bitcoin collateral infrastructure

Circle has launched cirBTC, a bitcoin token on Ethereum backed 1:1 by native bitcoin, positioning it as a starting point for building institutional collateral infrastructure. The company said it holds the underlying bitcoin through its own entity and manages reserves separately from corporate assets, with on-chain reserve visibility. The product is designed to work with Circle Mint and USDC flows and is expected to add Arch and other chains.

Crypto

Ethereum insiders criticise foundation\'s execution as reason for weakness

An Ethereum ecosystem participant has blamed the Ethereum Foundation’s execution for the token’s weakness versus bitcoin since the Merge. Reid said the slump reflects accumulated product misjudgments and delayed execution rather than market cycles. He cited the ETH/BTC ratio decline, the lack of a native staking app, and reliance on Lido. He also criticised the rollup-led roadmap for weakening layer-1 revenue and said layer-2 networks built their own profit structures.

Crypto

Altcoins Stable, HYPE and Rain near record highs ahead of June

Stable, Hyperliquid’s HYPE and Rain are drawing attention as altcoins that could retest record highs in June, supported by catalysts such as a service launch, spot ETF inflows and a burn-based token structure. All three are nearing prior peaks and approaching key technical turning points, with early to mid-June seen as crucial. Markets are watching Stable’s breakout level, a major HYPE token unlock and whether Rain’s prediction-market growth holds.