News

A chart of commodity support and resistance: gold, silver, oil, gas + platinum, palladium, copper, and agricultural futures (June 23, 2026)

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."