The Ethereum price is in the spotlight as ETH whales join Unilabs Finance, drawn by its presale growth and $12.6 million raised in its ICO.

More interestingly, large inflows into the ETH ETF are driving more traffic to the scene, increasing confidence among investors.

With whale backing, rapid funding success, and growing buzz around its technology, the big question now is, can UNIL outpace crypto giant ETH? Let’s find out.

Ethereum Price Targets 58% as ETH ETF Inflows Point to Rally

The Ethereum price has been displaying continuous growth and is currently trading at $4,739, almost reaching its all-time high of $4,891 in 2021. This influx is fueled by factors such as massive inflows into ETH ETFs and robust on-chain demand.

This has also led to an increase in the Ethereum price by over 59% over the past month.

What’s more, analysts are optimistic about the Ethereum price with forecasts ranging between $6,000 and $7,500 by the end of 2025.

Recently, Standard Chartered predicted that the Ethereum price would touch $7,500, which would imply a 58% jump from its current value.

Meanwhile, Unilabs Finance is seeing ETH whales join its momentum, drawn by ICO growth and game-changing investment tools.

Though Ethereum’s rise is impressive and ETH ETFs continue to enjoy large inflows, that same investor enthusiasm is now driving capital toward Unilabs’ fast-growing platform.

Unilabs Finance Soars to $12.6M as ETH Whales Get Onboard

Unilabs Finance’s ICO has raised over $12.6 million, thanks to its standout features that extend the momentum behind Ethereum price trends and the growing interest in ETH ETF products.

One of the most instrumental tools is the AI Market Pulse Tool. This smart feature can scan real-time data, spotting on-chain activity and new market movers.

It would give investors insights similar to tracking an ETH ETF inflow and rising Ethereum price, helping them act early.

There’s also the Early Access Scoring System (EASS) that can evaluate projects on use case, team strength, tokenomics, and sentiment.

Much like following the Ethereum price momentum, it can flag high-potential opportunities before they boom.

Unilabs also offers four investment funds, which helped it raise over $12.6 million in its ICO, attracting the kind of attention as with the rising Ethereum price and growing ETH ETF market.

The AI Fund uses advanced technology to find high-potential crypto projects, giving investors smart exposure to opportunities beyond just watching the Ethereum price move.

The BTC Fund focuses on Bitcoin-based assets, balancing portfolios much like adding diversity alongside ETH ETF investments.

The RWA Fund invests in real-world assets such as property or commodities, bringing stability similar to how an ETH ETF spreads risk while benefiting from Ethereum’s growth.

Finally, the Mining Fund supports blockchain mining ventures, generating rewards when the Ethereum price and the broader crypto market rise.

Together, these funds give investors varied ways to grow wealth, making Unilabs a serious player alongside Ethereum and its ETF-driven momentum.

Unilabs holders also get to enjoy Revenue-Sharing and Staking Rewards, with 30% of platform fees redistributed to UNIL token holders, and tiered bonuses for presale participants.

This model is designed to reward commitment. It can mirror how Ethereum price surges enrich long-term holders of ETH and ETF-based investments.

All these tools can create a user-friendly suite that drives Unilabs Finance’s ICO performance. Its success draws attention just like the Ethereum price rally and ETH ETF inflows do, but with whales now shifting some of their focus toward Unilabs’ notable growth and promising platform.

Unilabs Finance Gains Speed as CMC Listing Nears

Unilabs Finance is now in Stage 6 of its presale at $0.0097, up 14% from the previous stage’s $0.0085 price. With $30 million Assets Under Management (AUM) and CoinMarketCap listing coming soon, excitement is building fast.

The project’s momentum is attracting attention similar to the surge in Ethereum price and growing interest in ETH ETF products.

Early buyers can also use a limited-time CMC50 code for a 50% bonus, adding more value. With significant growth, investor interest, and an attractive bonus, now is the time to join Unilabs before its listing and ride the next wave alongside Ethereum’s rally.

Learn more about the Unilabs ($UNIL) presale: Presale, Telegram, and Twitter.

Digital Asset and a consortium of major financial institutions have completed an on-chain U.S. Treasury repo transaction on the Canton Network, involving USDC as the cash leg and tokenized Treasuries as collateral.

The trade, executed on Tradeweb during the weekend, is being positioned as an industry first for enabling atomic settlement of both legs entirely on-chain within a public-permissioned institutional network.

Per the announcement, the Treasuries were custodied at the Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corporation (DTCC), and then mirrored onto Canton for use as freely transferable collateral.

USDC was minted natively on Canton to support the transaction, enabling instant exchange and removing reliance on traditional banking hours or Fedwire settlement. The execution over a Saturday demonstrated the potential for continuous financing and collateral mobility outside legacy market windows.

Participants included Bank of America, Citadel Securities, Societe Generale, Virtu Financial, DTCC, Circle, Cumberland DRW, and Tradeweb, among others.

The firms described the trade as part of the Global Collateral Network initiative, which seeks to integrate high-quality liquid assets such as Treasuries into a unified, always-on market infrastructure that combines institutional compliance requirements with programmable settlement.

What makes this special?

While tokenized Treasuries are already issued on public blockchains such as Ethereum, Polygon, Arbitrum, XRP, Avalanche, and Stellar by multiple asset managers and fintechs, most existing implementations either settle one leg off-chain or operate without large-scale participation from major banks and central securities depositories.

In this case, both cash and collateral were tokenized and settled atomically on the same ledger within a framework designed for permissioned institutional use, integrated directly with established trading venues.

Tradeweb’s platform handled execution, with the transaction designed to preserve participant confidentiality while demonstrating technical feasibility.

According to the announcement, additional transactions using the same structure are planned later this year as part of broader testing of the network’s interoperability and privacy features.

The Canton Network describes itself as a public, interoperable blockchain with permissioned access for regulated entities, aiming to link separate applications and asset types into a single environment for cross-asset settlement.

The repo trade forms part of its roadmap to connect traditional financial infrastructure with on-chain settlement rails for round-the-clock market operations.

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The GENIUS Act was passed just a week ago, and already, $4 billion has poured into stablecoins. This surge shows just how quickly stablecoins are gaining traction, confirming their role as a major player in the digital asset space.

Not only is this stablecoin bill a green light for the industry, but it also signals a new era for cryptocurrencies and wallets.

With clearer regulations and increased institutional interest, we’re entering a phase where crypto could become a mainstream financial tool.

And Best Wallet is stepping up at the perfect time. This non-custodial crypto wallet offers a secure and seamless way to manage fiat-backed cryptos, alongside other digital assets, as institutional adoption takes off.

GENIUS Act Pushes Stablecoin Market Cap to $270B+

Since the GENIUS Act has been in effect, the total stablecoin market has surpassed $270B, partly driven by over $4B in new inflows.

Fiat-backed stablecoins, such as $USDT and $USDC, are thriving, accounting for 85% of the entire stablecoin market.

Under the GENIUS Act, issuers of these cryptos must maintain full reserves, undergo regular audits, and hold a legitimate license—measures designed to enhance trust and boost credibility in the crypto sector.

It’s a major advancement since algorithmic stablecoins (which are now banned) came into play, as they’ve proven vulnerable in the past. Just look at the Terra collapse, for instance.

Yes, crypto-backed stablecoins like $DAI are still relevant, as evidenced by its $5.36B market cap. But fiat-backed ones are taking over the spotlight.

Major institutions are taking notice, and Anchorage Digital is leading the charge. As the only federally chartered U.S. crypto bank, Anchorage is teaming up with Ethena Labs to launch its stablecoin issuance platform, set to introduce the highly anticipated $USDtb stablecoin.

Yesterday, asset management titan WisdomTree also introduced $USDW, a regulated, dollar-backed stablecoin designed to enable dividend-paying tokenized assets.

TradFi companies aren’t sitting on the sidelines, either. Several major banks, including Bank of America and Citibank, are preparing to launch their own stablecoins once the regulatory dust settles.

This rapid shift in market sentiment provides Best Wallet with the ideal environment to thrive. As digital assets, mainstream and stablecoins have become a core part of finance, and you’ll need a secure and simple wallet to hold.

Best Wallet Secures Stablecoin Investments

Best Wallet makes it easy to buy, store, send, and swap fiat-backed stablecoins like $USDT, plus other major cryptos – like $ETH and $BTC – without giving up custody or control.

It’s multi-chain, multi-wallet, and fully private. It doesn’t require KYC or middlemen. Hence, it’s our #1 anonymous crypto wallet.

And it has lots of attractive features in the pipeline to help you up your trading stance. This includes exclusive wallet market insights so you can buy, sell, and manage crypto more effectively.

One of its most standout upcoming developments, however, is Best Card. Once launched, the crypto debit card will enable you to spend your crypto on the move,hassle-free.

Not forgetting that Best Wallet’s also preparing to support over 60 blockchain networks, debut its own NFT gallery, rewards hub, and in-app crypto news feed.

And all of these developments couldn’t come at a better time – just as regulation clears and crypto goes mainstream.

To get the most out of the Best Wallet ecosystem, however, you’ll want to purchase $BEST, its native token. Then, you can also enjoy governance rights, lower transaction fees, higher staking rewards (currently at a 96% APY), and easier access to the best crypto presales.

The demand for the token is already evident. $BEST has raised over $14M in presales, backed heavily by crypto whales, with three in particular injecting $49.5K, $25K, and $18.7K into the project.

$BEST to Triple in Price as Stablecoins Go Mainstream

The writing is on the wall: regulation is here, institutions are on board, and stablecoins are quickly becoming a key asset in modern finance.

As this new chapter in regulated digital finance unfolds, the tools you use to interact with crypto are more essential than ever.

Best Wallet is positioning itself as a major player in the space, thanks to its unwavering focus on privacy, flexibility, and powerful trading features.

Still, to get the most out of this non-custodial wallet, you’ll want to purchase $BEST, and you can do just that for as little as $0.025385. Though it’s best to act fast for 183% less, as the upcoming app developments could propel it to $0.072.

This isn’t investment advice. DYOR and don’t invest more than you’d be sad to lose.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

California Governor Gavin Newsom announced the California Breakthrough Project on July 15, enlisting executives from Coinbase, Ripple, MoonPay, and other technology firms to help streamline state operations. 

Newsom convened the advisory group at Ripple’s San Francisco headquarters on June 6. Participants include Ripple Executive Chair Chris Larsen and unnamed executives from MoonPay and Coinbase.

The cohort will work with agency staff to pinpoint bottlenecks in procurement, hiring, and service delivery, propose challenge‑based pilots, and maintain transparency and labor consultation throughout each project phase. 

Newsom tied the initiative to California’s role in artificial intelligence (AI) research, noting that 32 of the world’s 50 largest AI companies operate in the state. He said access to that expertise enables Sacramento to test new tools quickly while respecting privacy safeguards. 

Executive order sets implementation deadlines

The governor paired the task force with Executive Order N-30-25, which instructs the Government Operations Agency to collaborate with the departments of Human Resources, General Services, and Technology on three fronts: shortening civil service hiring cycles, simplifying information technology procurement, and creating shared contracting vehicles. 

The order directs every cabinet agency to submit at least one no- or low-cost efficiency proposal within 90 days. 

The Office of Data Innovation will expand “Engaged California,” a deliberative democracy platform that crowdsources ideas from state workers. 

The office must also launch an Innovation Fellows Program that assigns selected supervisors to fix specific operational challenges by  Aug. 15. Departments are mandated to allocate dedicated time for each fellow to complete the assignment. 

Coinbase channels funds to Fairshake super PAC

Separately, Coinbase is backing federal political efforts through Fairshake, a crypto‑focused super PAC that reported $141 million in cash on hand as of June 30, journalist Eleanor Terrett wrote on July 15. 

The figure includes $52 million raised in the first half of 2025, of which Coinbase contributed $25 million. 

Fairshake has collected $109 million since Election Day 2024, and a spokesperson said the group “remains focused on building lasting support for crypto and blockchain innovation.”

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Tim Alper

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Tim Alper

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

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July 2, 2025

The South Korean crypto exchange Bithumb is set to launch a spinoff company as it pushes ahead with an initial public offering (IPO) bid.

The trading platform has indicated that it is still on track to debut on the KOSDAQ exchange in the first half of 2026.

However, South Korean market insiders are reportedly wary about lingering ownership questions ahead of the potential launch.

Meanwhile, more domestic banks are joining a stablecoin alliance with a view to co-launching KRW-pegged tokens.

Bithumb Spinoff Gets Green Light

The South Korean media outlet News Tomato reported that Bithumb’s IPO process has now begun in earnest following a Supreme Court ruling that absolved the former Bithumb Holdings Chairman Lee Jung-hoon of fraud charges in March this year.

After the ruling, Bithumb asked the regulatory Financial Services Commission (FSC) to approve its spinoff plans in April.

The FSC was not fully satisfied with the initial application, but Bithumb has since amended its application twice.

At the end of June, the FSC finally gave its approval for a plan that will see Bithumb continue operating its existing exchange platform under its current name.

New Firm Will Act as Holding Company

The newly established corporation, tentatively named Bithumb A, will act as a holding company. It will also spearhead new Bithumb-related business investments.

Bithumb has chosen Samsung Securities as its lead manager for the KOSDAQ listing. The company is currently completing due diligence protocols.

Bithumb explained that its “restructuring” would help optimize growth strategies for each of its business arms “by separating their functions.”

The move will help Bithumb “secure agility in new business avenues,” the exchange claimed.

However, the media outlet said that the market is “still cautious” about an “opaque governance structure” that “could undermine investor confidence.”

Currently, Bithumb is owned by Bithumb Holdings, with the firms DAA, Vidente, and BTHMB all owning sizeable stakes. Other shareholders hold a 25.1% stake in the firm.

However, the media outlet wrote that the “actual control structure” between these parties “has not been clearly revealed.”

An unnamed domestic securities industry insider said that a “complex and opaque governance structure cannot help but promote anxiety among investors.”

The insider said that if it wants to attract capital from external investors, Bithumb will need to demonstrate a “high level of transparency and social responsibility.”

Busan Bank Joins Stablecoin Union

Meanwhile, the South Korean news agency Yonhap reported that BNK Busan Bank announced on June 2 that it has officially joined the Stablecoin Division at the Open Blockchain/DID Association (OBDIA).

The bank added that it has also begun conducting broad joint research projects focusing on stablecoins.

OBDIA launched as a blockchain-focused non-profit organization in 2018. However, in April this year, the group experienced a new lease of life when it added a stablecoin subgroup.

A slew of major banks have joined the division, including the high street heavyweights Kookmin, Shinhan, Woori, Nonghyup, and IBK Industrial Bank.

The neobank K Bank has also joined OBDIA, with its online rival Toss Bank also reportedly keen on becoming a member.

Yonhap reported that Busan Bank plans to build a “digital currency model” that can be used on the South Korean market.

The bank says that its experience of operating the blockchain-powered local stablecoin Dongbaekjeon will prove of great importance. A Busan Bank spokesperson explained:

“Since stablecoin-related regulations are still in progress, we need to develop capabilities that let us respond to various scenarios with flexibility. We want to play a meaningful role [once the government] institutionalizes [stablecoins].”

Lawmakers are pressing ahead with work on a bill that seeks to lay the groundwork for the issuance of private-sector stablecoins.

The move will partially reverse a ban on all forms of token issuance that has been in place since 2019.

“Fraud mitigation isn’t just an on or off switch; rather, it’s a balance that requires merchants to understand how security, authentication, authorization, fraud detection and the impact on the shopping experience work in harmony with one another,” said Cindy Turner, chief product officer at Worldpay. “For example, false positive declines of good faith purchases and additional steps in the checkout process present serious challenges to fraud mitigation strategies. This is why we partner with card networks like Visa to enhance authorizations – at the end of the day, it helps merchants achieve the highest standards of security while improving the overall customer experience.”

Worldpay research shows more than half (55%) of U.S. consumers abandon a transaction if it takes multiple tries to complete, demonstrating the importance of ensuring that a valid payment goes through on the first try. 3DS Flex boosts authorization rates and reduces extra authentication steps while maintaining heightened levels of security.

“With 3DS Flex, Worldpay is helping facilitate next-level collaboration between issuers and acquirers on the Visa network,” said Kirk Stuart, SVP and head of enablers, merchants and fintechs at Visa. “This game-changing innovation will help make transactions more secure and improve the customer experience – while also increasing merchant sales, or authorization rates. This is an exciting development for the payments ecosystem.”

The post Worldpay and Visa Join Forces to Boost Authorizations, Enhance Shopper Experience appeared first on FF News | Fintech Finance.

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Blockchain Group has just taken another big step in building its Bitcoin stash. The Paris-listed firm picked up 624 BTC on Tuesday in a deal worth $68.6 million.

Based on reports, that move pushes its total holdings to 1,437 BTC—now valued around $150 million. It’s clear the company wants to be known as a heavyweight when it comes to holding Bitcoin on its balance sheet.

Accelerated Bitcoin Purchases

Since late 2024, Blockchain Group has been buying Bitcoin in stages. Starting with 15 BTC for $1.1 million in November 2024, then adding 25 BTC the next month, the firm was easing its way in.

The Blockchain Group confirms the acquisition of 624 BTC for ~€60.2 million, the holding of a total of 1,471 BTC, and a BTC Yield of 1,097.6% YTD

Full Press Release (EN): https://t.co/iZUEbRaDTZ
Full Press Release (FR): https://t.co/IgTddli8Hu
BTC Strategy (EN):… pic.twitter.com/0bQ9zaSRN3

— The Blockchain Group (@_ALTBG) June 3, 2025

On March 26, they stepped up by buying 580 BTC. Then, on May 22, another 227 BTC went into their wallet. These steady buys show a growing appetite for Bitcoin as a core asset.

The latest 624 cryptocurrency buy is their biggest single haul yet. It’s a clear sign the group wants to make Bitcoin a foundation in its treasury.

Funding Through Convertible Bonds

Most of the recent Bitcoin buy—544 BTC—was funded by a $63 million convertible bond issued to Fulgur Ventures. Based on reports, the bond allows Blockchain Group to convert debt into shares later, if investors choose.

The rest—80 BTC—came from an almost $10 million capital raise completed in late May. That cash was specifically earmarked for crypto acquisition. Using debt and fresh capital, the firm seems bent on scaling up its Bitcoin holdings quickly. It also shows they’d rather raise funds than tap into existing cash reserves.

Custody And Partnerships

Blockchain Group worked with Banque Delubac & Cie and Swissquote Bank Europe to execute the BTC purchase. Both institutions partnered with Swiss firm Taurus to handle secure custody of the coins.

Image: Nomadic Labs

According to the company, using trusted custodians is key to keeping the digital assets safe. With these partnerships in place, Blockchain Group doesn’t need to worry about managing private keys on its own. That lets them focus on buying more Bitcoin instead of dealing with technical security issues.

Risk And Rewards For Shares

At current prices, the firm’s 1,437 BTC is worth a little over $150 million. As of May 31, the group reported an unrealized gain of nearly $48 million. That’s a healthy return on the earlier buys.

But Bitcoin’s price swings can be sharp. If BTC drops, those paper gains could vanish fast. Plus, issuing a $63 million convertible bond means possible share dilution if bondholders convert to equity.

Reports disclose that Blockchain Group plans to boost its “Bitcoin per share” figure through more targeted capital raises tied to crypto buys.

The big bet is that Bitcoin’s price will keep climbing, making these purchases worthwhile. Yet, if the market takes a downturn, investors could see both coin values and share prices slip.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.