growth

According to CoinDesk, the cryptocurrency exchange BitMEX has recently made significant adjustments to its executive team, with former CEO Stephan Lutz, CFO Ina Steiner, and Chief Growth Officer Raphael Polansky all having left the company. The company's former Global General Counsel and COO Peter Wilkinson has taken over as the new CEO.The report indicates that amid the ongoing downturn in the cryptocurrency market, BitMEX, which is reportedly seeking a sale, may be aiming to streamline operational costs to enhance its appeal to potential buyers.

Focusing on the next-generation global payment operating system driven by stablecoins, PhotonPay today officially released the "2026 Global Game Operation White Paper: From Traffic Growth to Revenue Realization." The report reveals a significant pain point in the industry that is severely eroding the profits of global game publishers: despite the top 100 mobile games worldwide capturing 57% (approximately $46.6 billion) of the mobile market revenue, the extreme fragmentation of backend payment channels is causing a substantial loss of transactions globally, leaving countless overseas game developers in the awkward position of "having revenue but unable to cash out."To address this pain point, PhotonPay has launched a multi-route aggregated payment network that can automatically convert players' local fiat currency payments into compliant on-chain stablecoins at the backend. This solution achieves second-level clearing and real-time settlement in over 200 countries and regions worldwide without altering the players' native payment experience.It is reported that PhotonPay is a stablecoin-driven global financial infrastructure operating system. Designed for modern enterprises and global platforms, PhotonPay empowers businesses to achieve seamless fund collection, exchange, and settlement between fiat currency and stablecoins through a single, compliance-first interface. The service network of PhotonPay covers over 200 countries and regions worldwide and holds relevant financial licenses in core global markets, aiming to reshape the efficiency boundaries of global payroll and global payments in the digital asset era.

According to Jinshi reports, Federal Reserve's Williams expects the U.S. economic growth rate to be 2.25% in 2028, and the unemployment rate will drop to 4%.

According to Jinshi reports, JPMorgan stated that the U.S. stock market is approaching a "blue sky scenario," primarily due to corporate earnings growth exceeding expectations and the hope that the tensions surrounding the Iran conflict can be eased through diplomatic agreements.

According to Jinshi reports, "Federal Reserve mouthpiece" Nick Timiraos stated that some forecasters converting U.S. PPI and CPI data into May PCE expect that the U.S. core PCE will record a strong reading, with a significant gap compared to CPI. It is anticipated that when announced on Thursday, the year-on-year growth rate of core PCE will reach 3.4%.

CryptoRank's latest report shows that the total value locked (TVL) in DeFi has declined for six consecutive months, dropping from approximately $115 billion in January 2026 to about $70 billion currently, with a cumulative decline of 39% this year, reflecting the ongoing adjustment following the peak of the crypto market in 2025.Data indicates that since 2026, there have been 121 security incidents in the DeFi sector, resulting in total losses of approximately $942 million. Among these, 85 attack incidents occurred in the second quarter, with losses of about $775 million, making it one of the most frequently attacked quarters on record. The attacks on Drift Protocol ($295 million) and KelpDAO ($293 million) in April accounted for more than half of the annual losses.Among the top ten public chains by TVL, only TRON and Hyperliquid achieved positive growth. Specifically, TRON's TVL increased by about 5% this year, mainly supported by USDT transfers, stablecoin settlements, and lending demand; Hyperliquid grew by approximately 6.7%, benefiting from its leading position in the on-chain perpetual contract market and the expansion of the HyperEVM ecosystem.However, the report points out that this round of the DeFi downturn is significantly milder than the cycle from 2021 to 2022. During that year, DeFi TVL plummeted by over 70% within seven months, whereas current funds are increasingly flowing into stablecoins, RWA, derivatives, and infrastructure sectors, indicating a more diversified and mature market structure compared to the previous cycle.

Castle Labs released an RWA industry report stating that the on-chain tokenization of real-world assets (RWA) has reached $28.2 billion, an increase of about 500% compared to early 2025, with a peak of $31.8 billion.Currently, tokenized U.S. Treasury bonds and money market funds remain the largest category, with a scale of about $17 billion, accounting for nearly 60% of the entire RWA market, among which BlackRock BUIDL and Hashnote USYC have both surpassed $3 billion in scale. The report also points out that tokenized stocks have become one of the fastest-growing RWA sub-sectors, growing over 170% this year, significantly higher than the approximately 60% growth rate of tokenized U.S. Treasury bonds.Castle Labs believes that the expansion of stablecoins, the entry of institutional funds, and the advancement of regulatory frameworks such as CLARITY and MiCA are driving the continuous on-chain migration of traditional financial assets. However, the current industry's biggest bottleneck has shifted from asset issuance to redemption mechanisms and DeFi composability. Currently, of the approximately $28.2 billion in on-chain RWA, only about $3 billion has entered DeFi, with a penetration rate of about 10%.

According to Jinshi reports, the Federal Reserve has lowered its GDP growth and unemployment rate forecasts for this year, significantly raised the PCE and core PCE inflation expectations for this year and next, and also raised the federal funds rate expectations for the next three years.

According to Jinshi reports, the Federal Reserve FOMC has lowered its GDP growth expectations for 2026 to 2028, with medians of 2.2%, 2.3%, and 2.2%. In contrast, the expectations in March were 2.4%, 2.3%, and 2.1%.

According to a report by The Information, Broadcom announced its support for the Anthropic computing power project participated by Apollo and Blackstone.On the surface, this deal appears to be a financing arrangement for AI computing infrastructure, but industry insiders believe that its core lies in indirectly driving the long-term demand growth for Broadcom's custom AI chips by promoting large-scale AI computing deployments.

Michael Saylor posted on the X platform stating that BPS (Bitcoin per Share) measures the amount of Bitcoin corresponding to common stock before deducting priority debt, reflecting the accumulation speed of equity per share after the company increases its Bitcoin holdings through issuing bonds and shares; CEBE BPS (Common Stock Bitcoin per Share) measures the actual Bitcoin that common stock can receive after deducting all priority debts, serving as a more conservative risk indicator.Saylor indicated that the relative importance of the two indicators depends on the structure of debt maturity: the shorter the debt maturity, the more critical CEBE BPS becomes; the longer the debt maturity, the more important BPS is.

According to GlobeNewswire, Bitcoin financial services company Fold Holdings (NASDAQ: FLD) announced the completion of a series of capital transactions to strengthen the company's balance sheet. Fold liquidated approximately $45 million in Bitcoin at an average price of about $71,000 per coin, repaid $200 million in Bitcoin collateralized debt, and allocated the remaining $250 million in unrestricted cash for business growth.After this transaction, the company has eliminated all secured debt, enhanced liquidity, improved monthly net cash flow, and retained a certain amount of Bitcoin reserves. Company CEO Will Reeves stated that this move aims to reduce financing risks and ensure that short-term market fluctuations do not affect the execution of the product roadmap.

As user demand for trading assets such as foreign exchange, gold, and indices continues to rise, the Bitget CFD sector's daily trading volume has surpassed 10 billion USD, an increase of 25% compared to early May.

According to Bloomberg, Bitcoin fell below $60,000 last week, with a market value evaporating by about $235 billion within seven days, nearly halving from last year's peak. The market value of altcoins has shrunk from a peak of $431 billion in November 2021 to about $170 billion, with less than 1,700 of the tens of millions of tokens created in recent years still having substantial trading activity. However, in stark contrast to the price trends, the most commercially valuable businesses in the crypto industry are accelerating growth.The annual trading volume of stablecoins reached about $390 billion, with total trading volume soaring 72% to $33 trillion by 2025. Over $30 billion in assets have been tokenized, and BlackRock's tokenized money market fund BUIDL has an asset size of $2.4 billion. Visa and Mastercard are expanding stablecoin settlement capabilities, and Nasdaq is collaborating with Kraken to offer tokenized stocks.Bloomberg Intelligence's Mike McGlone stated that the most important technology is stablecoins; when you have stablecoins, you don't need XRP or Bitcoin to store value. We are experiencing a cleansing, and this has only just begun. EMJ Capital founder Eric Jackson pointed out that "the Bitcoin price chart used to be the entire crypto story, but it is no longer."

Binance Research stated in the June market report that the scale of RWA is expected to grow by approximately 589% from early 2025 to June 2026. Among them, the scale of bonds and money market funds increased by about $6.5 billion, a year-on-year growth of 83%; publicly traded equity RWA grew by approximately 422%. The report also pointed out that the monthly transaction volume of cryptocurrency debit cards exceeded $747 million in May, a year-to-date increase of 48.6%, significantly higher than the 3.2% increase in stablecoin supply during the same period.

According to Jinshi reports, Citigroup stated that the profit growth brought by AI construction is expected to drive the S&P 500 index to break through the 8,000-point mark in 2026. The bank raised its year-end target for the S&P 500 index to 8,100 points, which represents an increase of over 9.5% compared to last Friday's closing price. Strategist Cronat predicts that the S&P 500's earnings per share will reach $350 in 2026 and rise to $400 in 2027. He pointed out that despite the potential volatility caused by uncertainties related to the US-Iran war, inflation, and interest rate paths, AI spending remains the focus for investors.

According to CoinDesk, Ethereum co-founder and ConsenSys CEO Joe Lubin stated that the recent controversies surrounding budget cuts at the Ethereum Foundation (EF), employee departures, and leadership adjustments do not indicate that the organization is in crisis, but rather represent a necessary evolution in its development process.The Ethereum Foundation should focus on maintaining the core technology and values of the network, preserving a "trustworthy neutrality" position, while responsibilities such as ecological expansion, institutional collaboration, and commercial promotion should be undertaken by other organizations to avoid potential conflicts of interest between protocol development and commercial interests.In response to external doubts about the direction of the foundation's reforms, Lubin noted that many criticisms stem from misunderstandings of the foundation's role. He pointed out that the Ethereum Foundation is promoting further separation between protocol governance and commercial operations, and the future Ethereum ecosystem will not be dominated by a single entity, but rather multiple organizations will take on ecological construction responsibilities in different areas, collectively driving network development. This model differs from some blockchain projects that concentrate protocol development and business strategy within the same entity, aligning more closely with Ethereum's decentralized development philosophy.Regarding market views that "Ethereum is declining," Lubin denied this. He stated that in recent years, artificial intelligence has replaced the cryptocurrency industry as the most关注的技术叙事 in the capital market, leading to a shift in funding and investment focus, but this does not mean that Ethereum has lost its competitiveness.On the contrary, after years of scaling and infrastructure development, Ethereum is gradually becoming capable of supporting the next wave of large-scale adoption and is expected to usher in a new growth cycle in the future.

The prediction market liquidity aggregation infrastructure Fortune Protocol officially announced the launch of the "Summer Heat" Carnival joint growth event. This event brings together several top AI and infrastructure projects, aiming to create the most anticipated Web3 celebration of summer 2026.It is reported that this carnival will last until June 25, with a total prize pool of up to 2,000 USDT. The event adopts a "zero threshold, high incentive" model, where ordinary users only need to complete basic social interaction tasks through the Galxe platform to share in the generous rewards.As a pioneer in AI-driven prediction markets, Fortune Protocol's collaboration with multiple ecological partners not only achieves a strong synergy in brand presence but also ignites community participation enthusiasm through the "Summer Heat" theme, laying a solid user foundation for the explosion of the prediction market track in 2026.

According to Jinshi reports, Federal Reserve's Logan stated that there are upward risks to inflation, the labor market is stable, economic growth is robust, and artificial intelligence brings additional boosts.

According to Jinshi reports, U.S. Treasury Secretary Basant stated that he believes Federal Reserve Chairman Waller will take the right measures to balance inflation and growth.