🗞 Weekly Crypto News Digest

💎 Bitcoin
This week Bitcoin briefly dropped to $58K as geopolitical tensions and a stronger U.S. dollar weighed on risk assets.
US Bitcoin ETFs recorded the second-largest weekly outflow in history at 1.6 billion dollars across seven consecutive weeks.

💎 Ethereum
The Ethereum Foundation cut 20% of its staff and 40% of its budget in a single day.
The same day, EF researchers launched Ethlabs, an independent nonprofit backed by more than $11 billion in ETH holdings, focused on making institutional settlement on Ethereum workable.

💎 Solana
Allfunds is extending its tokenized funds platform to Solana, connecting more than 3,300 asset managers and roughly €1.8 trillion in assets under administration to the network here.

💎 Avalanche
Avalanche adds 707K new addresses in Q2, a 6x jump from Q1 amid DeFi and subnet growth.

💎 Tron
TRON hits record 3.93M daily active addresses, surpassing Solana and Ethereum.

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