[1] “Ethereum ETH Staking (Lido, Coinbase, Kraken, Binance, RocketPool, Frax…).” Accessed: Jul. 01, 2025. [Online]. Available: https://www.dune.com/hildobby/eth2-staking

[2] “Validator Slashings – Open Source Ethereum Blockchain Explorer – beaconcha.in – 2025,” beaconcha.in. Accessed: Jul. 08, 2025. [Online]. Available: https://beaconcha.in/validators/slashings

[3] D. Polk and W. Llp, “Meeting with Representatives of Grayscale Investments, LLC and Davis Polk & Wardwell LLP.” [Online]. Available: https://www.sec.gov/files/ctf-memo-grayscale-davis-polk-042125.pdf

[4] S. Shukla, “US Ether ETFs Draw $812 Million in Longest Inflow Streak of 2025,” Bloomberg.com, Jun. 06, 2025. Accessed: Jul. 01, 2025. [Online]. Available: https://www.bloomberg.com/news/articles/2025-06-06/us-ether-eth-etfs-draw-812-million-in-longest-inflow-streak-of-2025

[5] P. Murugaboopathy, “Crypto funds’ assets hit record high as investors hedge and diversify,” Reuters, Jun. 11, 2025. Accessed: Jul. 01, 2025. [Online]. Available: https://www.reuters.com/sustainability/boards-policy-regulation/crypto-funds-assets-hit-record-high-investors-hedge-diversify-2025-06-09/

[6] “Coming July 21: US Perpetual-Style Futures.” Accessed: Jul. 01, 2025. [Online]. Available: https://www.coinbase.com/blog/coming-july-21-us-perpetual-style-futures

[7] “[Release No. 34-103349; File No. SR-NYSEARCA-2025-25],” SEC. Accessed: Jul. 01, 2025. [Online]. Available: https://www.sec.gov/files/rules/sro/nysearca/2025/34-103349.pdf

[8] “Ethereum Activates ‘Pectra’ Upgrade, Raising Max Stake to 2,048 ETH,” CoinDesk. Accessed: Jul. 01, 2025. [Online]. Available: https://www.coindesk.com/tech/2025/05/07/ethereum-activates-pectra-upgrade-raising-max-stake-to-2048-eth

[9] E. Howcroft and E. Howcroft, “Societe Generale becomes first major bank to launch dollar-pegged stablecoin,” Reuters, Jun. 11, 2025. Accessed: Jul. 01, 2025. [Online]. Available: https://www.reuters.com/business/finance/societe-generale-launch-dollar-pegged-stablecoin-2025-06-10/

[10] “Countries – ethernodes.org – The Ethereum Network & Node Explorer.” Accessed: Jul. 08, 2025. [Online]. Available: https://www.ethernodes.org/countries

[11] “Ethereum price today, ETH to USD live price, marketcap and chart,” CoinMarketCap. Accessed: Jul. 11, 2025. [Online]. Available: https://coinmarketcap.com/currencies/ethereum/

[12] Y. Yadav and B. Malone, “Stablecoins and the US Treasury Market,” Vanderbilt Law Research Paper, 2025, doi: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5286924.

[13] J. Jung and B. K. Seo, “Exploring the impact of sentiment on the relationship between daily herding and investor attention in the cryptocurrency market,” Finance Research Letters, vol. 85, p. 107865, Nov. 2025, doi: 10.1016/j.frl.2025.107865.

This monthly mini-report is produced by GlobalStake for our partners in cooperation with the Kautz-Uible Cryptoeconomics Lab.

The Lab, located in the University of Cincinnati’s Digital Futures Building, brings together researchers, students, and companies to collectively explore the impact of blockchain technology and digital assets on the future economy. This report is curated by Truong “Jack” Luu, a PhD student and Digital Futures Fellow, and Michael Jones, PhD, Assistant Professor of Economics and Director of the Kautz-Uible Cryptoeconomics Lab.