Weekly Recap | SEC Approves T. Rowe Price Crypto ETF Listing, Morpho Raises $175 Million, Echobit Wo
2026.06.15
Weekly Review (June 8 – June 14)
Last week, Bitcoin briefly fell below $60,000 amid ETF outflows and institutional selling pressure before staging a strong rebound over the weekend. The broader crypto market experienced a decline followed by a recovery, supported by easing geopolitical tensions in the Middle East and improving macro sentiment.
This week, the market is focused on the Federal Reserve’s upcoming FOMC meeting and updated dot plot projections. Investors widely expect interest rates to remain unchanged. While crypto assets are likely to remain in a consolidation phase and face ongoing liquidity pressures, expectations for future rate cuts continue to be a key driver of market sentiment.
This report provides a quick overview of the major developments from the past week and highlights the key events to watch in the week ahead.
Market Pulse
- The U.S. SEC approved the listing of T. Rowe Price’s actively managed crypto ETF.
- Bitcoin mining difficulty decreased by 10.09% to 124.93T.
- EIP-8182 proposed introducing native Ethereum privacy transfers in the Hegotá hard fork.
- OpenAI acquired cloud development platform Ona to strengthen Codex’s long-term agent capabilities.
- Avalanche treasury company AVAT officially listed on Nasdaq.
- FTX/Alameda unstaked approximately 200,000 SOL worth $12.99 million.
- CME Group launched Nasdaq CME Crypto Index Futures.
- Japan’s three largest banks plan to jointly issue a stablecoin before March 2027.
Funding & M&A
A total of 7 funding and M&A deals were announced last week, raising more than $580 million, primarily across infrastructure and DeFi sectors:
- Crypto financial infrastructure company Morpho raised $175 million.
- Digital Asset, the developer of Canton, secured $355 million in funding led by a16z crypto.
- Prediction market-focused banking and payment infrastructure provider EDGE Markets completed a $29.2 million Series A round.
- AIPayWithCrypto raised $10 million with participation led by Animoca Brands.
- Blockworks acquired crypto data platform Messari for more than $10 million.
- TVL Capital raised $5 million to develop on-chain structured products.
Policy & Compliance
- Zimbabwe introduced registration requirements for crypto businesses, with an annual fee of $500.
- South Korea’s Ministry of Economy and Finance stated that tokenized stocks will be classified as securities rather than virtual assets, with taxation potentially beginning in the second half of the year.
- The European Central Bank raised its deposit facility rate from 2.00% to 2.25%.
- The SEC proposed eliminating Rule 611 of Regulation NMS, potentially clearing regulatory obstacles for tokenized equities.
- Japan’s House of Representatives passed legislation that would regulate cryptocurrencies under a stock-like framework and reduce the tax rate to 20%.
- The New York State Department of Financial Services released proposed stablecoin regulations aligned with the federal GENIUS Act.
Echobit Highlights
- Echobit June Trading Frenzy continued to drive market participation.
- Echobit World Cup Prediction Carnival officially launched.
- Echobit VIP Activity Zone opened for exclusive user engagement.
- Echobit BTC Price Prediction campaign went live.
- Echobit Meme Contest launched to encourage community creativity.
- Echobit Share-to-Earn Challenge officially began.
- Echobit partnered with Galxe to launch the World Cup Prediction Carnival Giveaway.
- Echobit Guess The Chart challenge went live.
Next Week Preview (June 15 – June 21)
- Valuable Capital will suspend new mainland China positions and inbound asset transfers starting June 15.
- Kelp announced that rsETH bridging support across 20 chains will end on June 15.
- FTX confirmed June 16 as the expected record date for its next distribution round.
- The Federal Reserve will announce its FOMC interest rate decision and economic projections.
- A hearing regarding legal applicability in the 60,000 BTC money laundering case is scheduled for July.
- LayerZero (ZRO) will unlock approximately 25.71 million tokens, worth around $23.2 million.
Echobit will continue tracking global crypto developments, focusing on market movements, regulatory trends, and investment opportunities to help users navigate every market cycle and stay ahead of emerging opportunities.