Invesco files onchain fund for the stablecoin reserve market
Invesco filed with the SEC for the Invesco Stablecoin Reserves Onchain Fund, built on Superstate rails — TradFi's race for stablecoin reserve yield deepens.
Karthik Subramanian
Digital Assets Correspondent
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem. He covers token economics, L1/L2 infrastructure, DeFi protocols, wallets/custody, and the bridge between crypto and forex—broker technology, liquidity, and macro drivers. Karthik’s writing focuses on clear, practical frameworks that help professionals evaluate new products and on-chain innovation alongside FX market realities.
June 2026
HYPE falls 20% from its high as Hyperliquid usage climbs
HYPE has fallen 20% from its June high with the crypto selloff, but Hyperliquid's revenue, buyback loop and a new Bitwise ETF show fundamentals decoupling.
Bitcoin holds $62.7k as treasuries buy the ETF-outflow dip
Bitcoin holds near $62.7k after six weeks of ETF outflows, but corporate treasuries are buying the dip — a sentiment shock, analysts say, not a structural break.
Bitcoin transactions top 820,000 as Runes drive a fee revival
Bitcoin daily transactions topped 820,000 — a two-year high — as a Runes revival pushed network fees back near 25%, even with BTC stuck near $62,000.
MoneyGram joins Mastercard, Western Union as Solana validators
MoneyGram became a Solana validator on June 22, 2026, joining Mastercard and Western Union as payment incumbents move to secure stablecoin settlement rails.
Uniswap’s UNI jumps 23% on Standard Chartered’s $100 call
UNI jumped 23% after Standard Chartered set a $100 target by 2030, framing Uniswap as tokenisation infrastructure — even as Bitcoin and ETFs bleed.
ETH/BTC hits 0.028 as Ether underperforms the Fed selloff
ETH/BTC has slid to 0.028, a 10-month low, as Ether's high Nasdaq correlation makes it the hardest-hit crypto in the Fed's hawkish-hold selloff.
Morgan Stanley sets 0.14% fee on ETH and SOL staking ETFs
Morgan Stanley filed spot Ethereum (MSSE) and Solana (MSOL) ETFs at a market-low 0.14% fee with a 95% staking pass-through, escalating the crypto ETF fee war.
USDC handles 70% of stablecoin volume as USDT leads supply
USDT leads stablecoin supply at ~$184bn, but USDC drove ~70% of on-chain volume in February 2026 as GENIUS Act compliance reshapes the duopoly.
Bitcoin ETFs bleed $3.4bn as Solana and BNB wrappers build AUM
U.S. spot Bitcoin ETFs lost a record $3.4bn in a week while Solana funds crossed $1.06bn and the first U.S. spot BNB ETF launched — flows are rotating, not fleeing.
Ripple backs Flutterwave at $3.2bn to embed RLUSD in Africa
Ripple takes a stake in Flutterwave at a $3.2bn valuation, embedding RLUSD, the XRP Ledger and Ripple Payments into Africa's cross-border rails.
Solana to $95 by Q3 2026: the Alpenglow and tokenization case
Solana (SOL) targets $95 by Q3 2026 as the Alpenglow finality upgrade lands and Solana keeps 95%+ of tokenized-equity DEX volume. Base, bull, bear and risks.
XRP becomes the lone crypto ETF still drawing inflows
XRP spot ETFs logged a sixth week of inflows to June 12 as Bitcoin, Ethereum and even Solana funds bled — and flows decoupled from a 22% price drop.
T. Rowe Price active crypto ETF clears SEC: TOKN debuts
The SEC cleared T. Rowe Price's actively managed multi-asset crypto ETF (TOKN) — a $1.77tn manager ends the passive-only era of crypto ETFs.
Hyperion unwinds $29m in HYPE deals as USDH sunsets
Hyperion DeFi reclaims 800,000 HYPE from Felix and Native Markets as the USDH stablecoin sunsets — and treasury companies shift from holding to allocating.
CME’s Nasdaq crypto index futures debut as ETF flows split
CME's eight-asset Nasdaq crypto index futures went live June 9 — just as ETH ETFs bled $708m over 14 days while XRP and SOL funds gained. The read: basket beta.
SpaceX IPO: crypto rails price SPCX at $2.3tn before listing
SpaceX IPO: Polymarket strikes imply a $2.3tn first close and Bybit tokenised pre-IPO exposure — crypto rails priced SPCX before Nasdaq gets its turn.
JPMorgan, Citi plan tokenized deposits to rival stablecoins
JPMorgan, Citi, BofA and Wells Fargo are building a shared tokenized-deposit network via The Clearing House to counter stablecoins, targeting 2027.
Bitcoin DeFi eyes $500bn in idle BTC as ETF demand cools
As spot Bitcoin ETF flows stall, BTCfi protocols Lombard and Babylon are pitching idle BTC as onchain collateral — targeting $500bn in custody.
Also filing this week: Rick Steves and Abdelaziz Fathi.