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ETH price tops $2.8K as options traders open bearish positions: Are bears wrong?

Key takeaways:
Traders are using bearish ETH options to hedge after Ether’s 49% rally in May.
An altcoin ETF listing season could negatively impact ETH’s market dominance and price action.
Ether (ETH) price surged 10% between Monday and Tuesday, reaching its highest level in over 15 weeks.
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Ethereum Foundation highlights UX, social layer as security ‘challenges’

The Ethereum Foundation has highlighted six security challenge areas for its ecosystem’s future in a Tuesday report, including issues with user experience and the social layer.
The analysis, generated through inputs from Ethereum stakeholders like users and developers, notes that user experience,
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Franklin Templeton launches 'intraday yield' for tokenized assets on Benji

Franklin Templeton, an investment management company with $1.53 trillion in assets under management, has debuted a feature that offers investors yield down to the second when holding tokenized assets.
According to a Tuesday announcement, the “Intraday Yield” feature will allow investors to accrue y
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House Agriculture Committee advances crypto market structure bill

Lawmakers on the US House Agriculture Committee voted in favor of the Digital Asset Market Clarity, or CLARITY, Act, advancing the bill further in Congress.
In a 47-6 vote on Tuesday, an overwhelming majority of lawmakers on the committee approved the CLARITY Act to establish a regulatory
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Bitcoin’s 'fair value' could be as high as $230K: Bitwise analysts

Key takeaways:
Bitwise predicts Bitcoin could hit $200,000 by year-end, with a potential “fair value” of $230,000.
Trump’s proposed tax cuts and rising US debt position Bitcoin as a hedge against sovereign default risks.
Bitcoin’s OTT signal suggests strong momentum after a dip to $100,000.
Bit
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Meta’s AI shortfall prompts Zuckerberg’s $15B investment in Scale AI — Report

Meta Platforms is reportedly acquiring a 49% stake in Scale AI, a leading data labeling company that powers many AI applications, as CEO Mark Zuckerberg seeks to strengthen Meta’s position in the competitive artificial intelligence landscape
After days of speculation,
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Investment giant Guggenheim taps Ripple to expand digital debt offering

US investment manager Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, underscoring the growing convergence between traditional finance and crypto-native enterprises.
Under the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will m
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1inch promises faster, smarter, cheaper trades with new upgrade

Decentralized exchange (DEX) aggregator 1inch has deployed an update for its price route discovery algorithm, claiming up to 6.5% better swap rates.
In a June 10 announcement shared with Cointelegraph, 1inch claims its “Pathfinder” upgrade results in better swap rates, while also making them
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From ownership to opportunity, Web3 is still on a mission to reshape music

As streaming platforms dominate music distribution, artists have increasingly found themselves sidelined and earning fractions of pennies per play, all while relying on centralized platforms to reach fans
However, in a corner of the digital world, a new wave of creators, developers and platforms a
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Mystery whale opens $300M leveraged Bitcoin bet: James Wynn alt account?

A mystery investor has opened a $300 million leveraged Bitcoin position, fueling speculation around their identity.
The unknown whale, or large cryptocurrency holder, opened a 20x leveraged Bitcoin (BTC) long position worth over $308 million at the entry price of $108,100, Hypurrscan blockchain
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‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints

Apple, the world’s fourth-largest company by market capitalization, should buy Bitcoin to address the poor performance of its stock buyback program, according to Strategy executive chairman, Michael Saylor.
“Apple should buy Bitcoin,” Saylor said in a June 10 X post.
Saylor’s comment responded to
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Trump’s CFTC pick calls blockchain a society-shaping technology

Brian Quintenz, US President Donald Trump’s nominee to chair the Commodity Futures Trading Commission (CFTC), has said that blockchain is a foundational technology poised to transform much more than just finance.
In prepared remarks ahead of his Senate confirmation hearing shared with
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Why is Bitcoin price up today?

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Ripple commits $5M more toward crypto research in APAC

Ripple Labs is set to commit an additional $5 million to help fund academic research and foster blockchain talent in the Asia-Pacific region.
In a blog post on Tuesday, Ripple Labs said it will be committing the additional funding via its University Blockchain Research Initiative (UBRI), which will
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Société Générale launches US dollar stablecoin on Ethereum and Solana

Société Générale-Forge, the crypto subsidiary of French financial services company Société Générale, has launched a new US dollar-pegged stablecoin.
According to a June 10 announcement, the stablecoin, dubbed USD CoinVertible (USDCV), will be issued on the Ethereum and Solana blockchains. United
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South Korea moves to legalize stablecoins with new crypto bill

South Korea’s newly elected president Lee Jae-myung is fast-tracking his campaign promise to allow the issuance of domestic stablecoins, as his party has moved forward with a crypto bill.
Lee’s ruling Democratic Party proposed the Digital Asset Basic Act on Tuesday, aimed at improving
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