Daily Recap — June 23

Lead stories

The Ethereum Foundation is cutting 20% of its employees (54 people) and restructuring the foundation under a new ecosystem governance model. Vitalik Buterin is also reducing Ethereum Foundation expenses by around 40%

The Central Bank of Russia is preparing the crypto market for full banking-style supervision — digital custodians will be connected to the “Know Your Customer” (KYC) system, and users will have to undergo stricter identity verification.

The Ethereum Foundation announced a fight against “toxic MEV” — mechanisms that allow large players to profit by manipulating the order of transactions.

Donald Trump signed an executive order (Executive Order 14411) to create a quantum computer capable of breaking modern encryption.

Adam Back believes Bitcoin does not need a new massive institutional inflow to reach $1,000,000 — retail demand and ETF-driven inflows are already enough.

Polymarket paid bloggers for videos showing “wins” that never actually happened — 1,105 videos from 10 creators were filmed using copies of the website without real bets, and the “players” received up to $3,000 per month.

Russia’s Ministry of Finance is discussing product tokenization on marketplaces — sellers could turn inventory or future revenue into digital tokens and attract funding faster.

Ripple received preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s financial regulator CSSF under the MiCA framework.

A State Duma committee approved fines of up to ₽2,000,000 for placing mining infrastructure in data centers listed in the Ministry of Digital Development’s registry.

The crypto market has cooled significantly in 2026 — average sector fees have dropped by 44.6%, while the median decline reached 42.2%.

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