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Weekly Recap Research

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Ethereum Foundation slashes 20 percent staff after top executives resign

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The Ethereum Foundation announced a reduction of approximately 20%, or 54 positions, after months of internal restructuring plans to align operations with the new mission and capital management policy. The organization said the new structure would be more compact and focused on core missions, with operations divided into five key segments, covering the drive for Ethereum in the business sector and the development of financial infrastructure. and policy and regulatory coordination

The restructuring comes amid ongoing changes in the management team, with around nine senior executives resigning or changing roles over the past six months, including Hsiao-Wei Wang and former co-directors Tomasz Stańczak, resulting in an eye on the direction of management and efficiency in driving the organization, while ETH holding companies. Majorities, including Ethereum co-founder Joseph Lubin, have supported the establishment of ETHLabs, a new research and development organization, to accelerate the development of technology and drive the adoption of Ethereum at the institutional level, reflecting how the Ethereum ecosystem is spreading. The development role is more out of the original foundation

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Bitcoin Drops $63,000, Catches Inflation and $10.6 Billion Options Point to Market Direction

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Bitcoin plunged below $62,500 amid pressure from Spot Bitcoin ETF, which has seen its sixth straight week of cash outflows and more than $6 billion in net outflows in the past 30 days. Meanwhile, both Bitcoin and Ether are down nearly 20 percent in 30 days after the U.S. central bank kept interest rates at 3.50-3.75 percent with an adjustment. The 2026 end-of-year interest rate estimates from 3.4% to 3.8%, prompting the market to increase forecasts for the prospect of an interest rate hike in December from 24% to about 77%.

In addition, the market must keep an eye on the maturity of the $10.6 billion long Bitcoin options contract on Deribit on June 26, with almost 80% of the outstanding positions still outside the profit point, and there is a concentration of positions around the $60,000 and $80,000 price levels. Even if the Max Pain level is near $74,000, investors are still. Giving more weight to the pressure from ETF flows and Core PCE numbers, the overall picture reflects that the direction of Bitcoin in the short term still depends on macro factors. If inflation slows and ETF flows turn positive, the market may have a chance to recover from the $60,000—67,000 frame, but if that factor holds. Nang UNCHANGED. THE PRICE TENDS TO MOVE IN A SWINGING MANNER RATHER THAN ENTERING A NEW UPTREND.

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Top Net flows

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Seven-day net cash flow data shows that Hyperliquid had the highest inflows in the market at about $310 million, followed by Base at around $45 million and OP Mainnet at around $35 million. Although the HYPE price was down by about 11.7% over the week, Hyperliquid has continued to receive attention from its non-crypto asset trading activity through the HIP 3 system, including the views of Multi. The coin, which estimates Hyperliquid could generate about $8 billion in annual revenue by 2028, with a HYPE target price of $319, reflects that some investors are focusing more on the network's revenue and deployment potential. Price movement in the short term

On the other hand, Arbitrum had the highest outflows in the network segment at around $275 million, followed by Ethereum at around $65 million and BNB Chain around $30 million. The outflows came amid a sell-off in risky assets on June 23, which pushed Bitcoin's price closer to $62,400, while Ether fell by around 6% and leveraged trading positions were cleared. Across a total market of more than $706 million, the overall picture reflects that the bullion is not flowing out of the entire blockchain ecosystem, but is spinning into platforms with new products, high trading volumes, and clearer monetization potential.

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Fear & Greed Index

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The Crypto Fear & Greed Index is one of the tools used to assess the outlook and sentiment of the crypto market, referring to scores ranging from 0 to 100 (0 stands for Extreme Fear or Extreme Fear and 100 stands for Extreme Greed).

The Crypto Fear and Greed index rose from about 21 points on June 22 to 24 points on June 23, before dropping to around 12 points on June 26, in line with the global sell-off in risky assets after tech and AI stocks fell sharply, with Bitcoin falling to around $62,400 and Ether. It fell close to $1,659. In just 24 hours, a total of about $706 million of leveraged trading positions were liquidated, with a bullish position of about $596 million, reflecting that the previously high-risk accumulated market was forced to rapidly downgrade.

The pressure increased further on June 25, when Bitcoin broke through the $60,000 level and tested the $59,000 area, resulting in nearly $1 billion liquidated in the futures market. Even though the sentiment index rebounded close to 17 points on June 28, Bitcoin continued to trade below the $60,000 level and fell almost. 7% for the entire week, while Ether is down 9.5%, HYPE is down 10.6% and XRP is down 8.7%. The overall picture reflects that although market fears are beginning to ease from the lows, it is not yet a sign that the market has clearly returned to the uptrend.

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Bitcoin ETF Flow

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The US Spot Bitcoin ETF had a total net outflow of $1,792.7 million over 5 business days between June 22 and 26, 2026, with no date on which cash flows returned positive. June 25 had a peak outflow of $691.7 million, followed by June 24 at $469 million and June 26 at 444.5. While BlackRock's IBIT fund has accumulated outflows of up to $1,303.5 million, it reflects that buying power from institutional investors has yet to return to the market after the Bitcoin ETF closed the previous week with a sixth consecutive week of outflows and a cumulative outflow of more than $5.94 billion.

The sell-off from the ETF came during a period when Bitcoin prices plunged below the $60,000 mark on June 25, preceded by $469 million in outflows on June 24, marking one of the highest outflows since the Spot Bitcoin ETF was launched in January 2024. The investment atmosphere is also pressured by the stance that The U.S. Federal Reserve's tightening, a strong dollar hit a seven-month high, as well as a shift in capital into AI-class stocks, has led institutional investors to opt for cash and reduce risk rather than weighing up their investment in Bitcoin, reflecting that the market recovery still needs to be lived. The return of a steady flow of capital, rather than a rebound from short-term purchasing power alone.

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Ethereum ETF Flow

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The US Spot Ethereum ETF had a net outflow of approximately $273.7 million over 5 business days between June 22 and 26, 2026, without a single day of inflows. On June 23, it had a peak outflow of around $82.4 million, followed by June 25 at $81.9 million and on June 22 at $66.1 million. While BlackRock's ETHA fund has accumulated about $245.8 million in cash outflows, the Ethereum ETF closed the week with a seventh consecutive week of cash outflows, reflecting that institutional investors continue to give more weight to reducing risk than increasing investment status.

The sell-off came as Ether price moved near the $1,600 level late in the week, as the crypto market faced a liquidation of nearly $1 billion of leveraged positions on June 25. Investors remained cautious ahead of the announcement of the US Core PCE figure, which the market predicted at 3.4%, while the Ethereum ETF funds. With a total net assets of about $8.38 billion, or 4.42% of Ether's market value, the overall picture reflects that the market is still in a state of waiting for clarity. With a significant recovery, it also relies on the cessation of institutional capital outflows and the resumption of inflows over time. succeeding

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Important news:

Congress Weighs Skinny Account Opening Crypto and Fintech Firms Direct Access to Fed Payments

CZ points to 2026 crypto market sluggish on AI currents, global tensions, and a four-year cycle after Bitcoin plunged from a peak of around 50 percent.

The Senate Urged Clarity Act passed a July resolution, but the housing law crisis risks making a stumbling time frame.

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Source:

https://www.theblock.co/post/406212/multicoin-hype-hits-319-by-2028-hyperliquid-everything-exchange

https://www.coindesk.com/markets/2026/06/23/live-updates-an-altcoin-season-signal-flashed-but-bitcoin-s-slide-is-what-set-it-off

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Note: This analysis is provided every Monday, so some articles may have data discrepancies.

Nota: Questo analisi è situato ogni monday, quindi alcuni parti del articolo possono contengono informazioni inaccurati

WARNING: CRYPTOCURRENCIES AND DIGITAL TOKENS ARE HIGHLY RISKY. YOU MAY LOSE YOUR ENTIRE INVESTMENT. PLEASE STUDY AND INVEST ACCORDING TO THE ACCEPTABLE LEVEL OF RISK.

Thank you for following.

J.P. Daniel