The Ethereum Foundation has completed a months-long overhaul that included cutting about one-fifth of its workforce and reorganizing around new strategic priorities. The changes also come as the organization reduces its annual budget by about 40% and shifts toward a long-term, endowment-based funding model.

Taiko said users should withdraw funds from every bridge deployed on its network after confirming its chain state verification mechanism was compromised. The incident followed a reported exploit of Taiko’s ERC20 Vault on Ethereum (ETH), with Blockaid estimating losses had exceeded $1 million. Taiko has temporarily stopped block production and asked centralized exchanges to suspend TAIKO deposits.

Aztec Labs said it is investigating an exploit involving a discontinued product after attackers drained around $2.2 million from an old payments rollup. The company said the affected system was a deprecated Stage 2 rollup launched in 2021 and retired in 2022. Aztec added that the incident does not affect its current network because the immutable contract cannot be paused or upgraded.

The Federal Reserve and other U.S. regulators have proposed new identity-verification requirements for payment stablecoin issuers operating under the GENIUS Act. The joint proposal would require issuers to adopt customer identification programs similar to those used by banks and other financial institutions. If finalized, the rules would bring regulated stablecoin issuers into the Bank Secrecy Act’s customer verification framework, according to TechGaged.

Ripple has invested in Flutterwave as it expands real-world stablecoin payments. The deal is part of Flutterwave’s Series E round, valuing the Nigerian fintech at $3.2 billion. The companies plan to integrate Ripple’s enterprise payments technology with Flutterwave’s cross-border network.

BlackRock has launched a new Bitcoin (BTC) exchange-traded fund, expanding its lineup of crypto-linked investment products. The iShares Bitcoin Premium Income ETF (BITA), listed on Nasdaq, is designed to provide monthly income while keeping most of Bitcoin’s upside exposure. The firm said the launch follows an SEC filing made last week that signaled the product’s arrival.

Bitmine Immersion Technologies has expanded its Ethereum (ETH) treasury again, lifting its holdings to more than 5.62 million ETH. The increase follows the purchase of another 76,881 ETH over the past week. The company’s position now sits at more than 5. com.

Bitcoin (BTC) moved back above $64,000 on June 12, trading near $64,300 and rising about 1.9% over 24 hours. Analysts said the $64,000–$65,000 band remains the key resistance zone, with a break above $65,000 seen as important for a stronger rebound. Several major altcoins also posted gains during the session, alongside improving broader risk sentiment.

BlackRock filed a Form 8-A with the SEC on June 11 for its iShares Bitcoin Premium Income ETF (BITA), registering shares for listing on Nasdaq. Bloomberg ETF analyst Eric Balchunas said the step typically indicates trading could begin in about a week, pointing to a potential June 18 launch. BTC was priced at $63,476.23 at press time, up 1% over 24 hours and 2.5% over seven days.