News

Jinse Finance reported that on June 23, the non-profit R&D organization Ethlabs, initiated by a former senior researcher of the Ethereum Foundation, was officially established. It has received support from Bitmine Immersion Technologies, Sharplink, Joe Lubin, Anchorage, Octant, SNZ, and others, with the aim of propelling Ethereum into an institutional adoption “supercycle.” This organization will focus on enhancing Ethereum’s capabilities in settlement speed, mainnet scalability, cross-chain interoperability, and protocol infrastructure to support the development of stablecoins, RWAs, funds, and AI-driven on-chain economies. Ethlabs operates as an independent non-profit, with research results to be published publicly, and ensures separation of research and funding through independent funding and audit mechanisms.

Golden Ten Data reported on June 23 that as the market weighs the early progress of peace talks over the war in Iran, including the United States allowing the sale of some Iranian crude oil, oil prices have stabilized as a result. The United States has issued a 60-day permit allowing Iran to sell some oil and oil products. Rebecca Babin, Managing Director and Senior Energy Trader at CIBC Private Wealth Management, stated, "The road to negotiations is still long; however, the market may anticipate an oversupply of crude oil even before it actually occurs, just as it previously expected a shortage before one truly happened. Oil prices often experience overshooting."

Digital asset treasury company Solmate Infrastructure (SLMT)'s largest external shareholder, RBCH, has filed a lawsuit in the New York Supreme Court against the company's current executives and directors, accusing them of breach of fiduciary duty, making misleading statements, and self-dealing. RBCH holds approximately 22.74% of Solmate's parent company, Brera Holdings, and led a $300 million PIPE financing for Solmate in September 2025, committing to invest $50 million. The lawsuit alleges actions by the board that harmed shareholders' interests, including selling shares during the lock-up period, signing advisory agreements favoring related parties, as well as directors Ron Sade and Keren Maimon personally buying about 2.298 million Class B shares at $4.97 per share, leading to approximately 20% shareholder dilution. Solmate currently holds about 2 million SOL on its books, with its stock price down around 78% year-to-date, while SOL has dropped about 50% over the same period.