BNP Paribas launched a pilot to tokenize a money market fund on the Ethereum network, testing blockchain infrastructure for traditional fund operations. The trial uses Ethereum to represent fund units on-chain and examines the feasibility of public blockchain rails in regulated financial products.

Bitcoin selling pressure is easing even as large holders continue moving coins to exchanges, CryptoQuant data show. Whales are still depositing Bitcoin on exchanges while overall selling intensity moderates, according to the analytics firm.

Ethereum developers have officially added FOCIL to the network's upgrade roadmap. The move aligns with Vitalik Buterin's ongoing push for what he describes as a "cypherpunk principled nonugly Ethereum."

Arbitrum's native token ARB is trading around $0.096 after approximately $56.9M exited the Arbitrum ecosystem in the last 24 hours, Artemis data show. The outflow keeps ARB under pressure near historical lows and a recent all-time low around $0.093. Despite the capital rotation, daily transactions and active addresses on the Arbitrum network remain resilient, highlighting a divergence between steady on-chain usage and weaker price action. Analysts identify the $0.093–$0.095 band as critical support, with initial resistance in the $0.100–$0.105 region; a sustained hold above $0.10 could support a short-term improvement in outlook, while a decisive break below $0.093 would likely signal renewed bearish control.

Robinhood Chain's public Ethereum Layer 2 testnet processed four million transactions in its first week after launching last Tuesday, CEO Vlad Tenev said. The permissionless network, built on Arbitrum, is designed to support tokenized real-world assets and onchain financial services, with native backing for tokenized equities, ETFs, and other real-world assets. Developers are already building on the chain, which has integrated infrastructure partners including Alchemy, Layerzero, and Chainlink. Robinhood indicated a mainnet launch is planned for later this year, though no specific date has been provided.

ProShares' stablecoin ETF posted $17 billion in trading volume on its first day, setting a record for debut sessions. The instrument reached the threshold during its launch session on the market.

A Bitcoin liquidation heatmap shows short positions face approximately $4.3 billion in cumulative liquidation exposure clustered between $70,000 and $72,000, while long positions have substantial support near $60,000. The data suggest that reclaiming the $68,000 level could draw prices toward $71,000, potentially triggering a significant short squeeze in that zone.

West Virginia is advancing Bill SB1030 to grant legal recognition to Decentralized Autonomous Organizations by classifying them as Decentralized Unincorporated Nonprofit Associations. The proposal would permit these entities to be governed through smart contracts and define related digital assets. The bill has been referred to the state Senate Judiciary Committee.

The Exchange Whale Ratio reached 0.64, its highest level since 2015, CryptoQuant data show. The metric indicates a larger share of exchange inflows now comes from whale addresses, which could signal increased distribution by large holders.