Consensys to split into MetaMask and institutional blockchain company
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Consensys Is Splitting in Two as MetaMask Goes Its Own Way
Consensys Software Inc. will become MetaMask, while a newly formed Consensys will take over the firm's Ethereum protocols and institutional blockchain infrastructure business.
Crypto mining company American Bitcoin will implement a 1:15 reverse stock split.
According to Foresight News , American Bitcoin, the cryptocurrency mining company backed by the Trump family, is expected to implement a 1-to-15 reverse stock split on July 2, 2026, at 5 PM. Its Class A common stock is expected to begin trading on the Nasdaq Capital Market on a split-adjusted basis starting July 6, 2026, with the ticker symbol ABTC remaining unchanged. This reverse stock split will reduce the company's outstanding shares from 1,092,295,800 to approximately 73 million, of which Class A common stock will decrease to approximately 24 million and Class B common stock to approximately 49 million. This move aims to increase the share price to maintain compliance with Nasdaq's minimum purchase price requirements. The reverse stock split was approved at the shareholders' meeting scheduled for June 22, 2026.
ABTC, a mining company affiliated with the Trump family, announced that it will implement a 1:15 reverse stock split on July 2.
Mars Finance reported on July 1st that American Bitcoin (NASDAQ: ABTC), a "Bitcoin accumulation platform" focused on building U.S. Bitcoin infrastructure, plans a 1-for-15 reverse stock split, effective at 17:00 on July 2nd, 2026. The company anticipates that the adjusted Class A ordinary shares will resume trading on the NASDAQ Capital Market on July 6th, 2026, under the ticker symbol ABTC. At the effective date, every 15 outstanding Class A ordinary shares will automatically consolidate into 1 Class A ordinary share; every 15 Class B ordinary shares will also consolidate into 1 Class B ordinary share, adjusted according to fractional share rules. Currently, the company has no Class C ordinary shares outstanding.
XRP Ledger v3.2.0 launched: Node upgrade rate only 43%, and voting on the accompanying security amendment is lagging.
PANews reported on July 8th that, according to CoinDesk, the new version of XRP Ledger server software, v3.2.0, has been launched, aiming to reduce operating costs, improve stability, and enhance its appeal to institutional users. Currently, of the approximately 833 active nodes, 43% are running the new version, while 51% are still using the older v3.1.3. However, about 89% of the 35 validators with default UNL have upgraded, reaching the 80% threshold required for activation. The accompanying security amendment, fixCleanup3_2_0, is still under separate voting. It covers fixes and improvements to single-asset vaults, permissioned DEXs, multi-purpose tokens, and lending protocols, and its current support rate is far lower than the software adoption rate. Ripple has voted in favor of the amendment, and validators who do not upgrade before the amendment's activation may face the risk of having their Ledger connection severed.
FalconX has obtained an EU MiCA license, enabling it to provide compliant encryption services to institutional clients in Europe.
BlockBeats reported on July 1st that FalconX, an institutional digital asset brokerage, announced it has obtained a license from the Malta Financial Services Authority (MFSA) under the EU's Crypto Asset Markets Regulation Act (MiCA), allowing it to provide compliant digital asset trading, custody, liquidity, and related institutional services within the EU and the European Economic Area (EEA). FalconX stated that this license allows it to operate under a unified regulatory framework across EU member states, eliminating the need for separate permits in each country. Currently, the company serves over 2,000 institutional clients globally, including asset management companies, hedge funds, banks, and family offices, facilitating over $2.5 trillion in transactions and disbursing over $8 billion in institutional funding. FalconX stated that with the full implementation of the MiCA regulatory framework, institutional clients' demand for compliant trading, custody, and liquidity services continues to grow, and regulatory qualifications are becoming a significant competitive advantage in the European digital asset market.
MetaMask launches self-custodied Money Accounts on Monad, offering stablecoin yields and payment functionality.
PANews reported on June 30th that, according to Decrypt, MetaMask has launched Money Accounts, a self-custodied account feature that integrates stablecoin yields, payments, and trading into a single balance. Built on the Monad blockchain and using the mUSD stablecoin, users can choose to deploy their deposited funds to DeFi lending protocols such as Morpho (with Aave to be integrated later) via the Veda infrastructure, earning up to approximately 4% floating annualized yield, and can spend directly through the MetaMask Card. This feature is available to global mobile users except in the UK and some restricted regions, and supports deposits from crypto assets or fiat currency. The report notes that the 1:1 USD and short-term US Treasury reserves of mUSD are separate from the yield generated by Money Accounts.