Cantor's Weekly Crypto Brief (6/21-6/27)

Research evidence excerpt

Cantor's Weekly Crypto Brief (6/21-6/27)

June 28, 2026

stake meaningfully. Ultimately, the partnership reflects accelerating institutional

interest in Hyperliquid and, for HYPD, a scalable channel that converts BlockDaemon's

institutional reach into validator stake and recurring revenue.

Galaxy Invests in Digital Prime Technologies to Expand Institutional Lending

Platform. Galaxy Digital (GLXY, OW) announced a strategic investment in Digital

Prime Technologies, the operator of Tokenet, an institutional digital asset lending

platform. The key takeaway for GLXY is exposure to a growing segment of institutional

crypto markets, as Tokenet applies traditional securities-lending infrastructure and

risk-management standards to digital asset lending. As institutional participation

in crypto continues to increase, platforms that improve transparency, governance

and operational efficiency could help expand lending activity across the ecosystem.

Ultimately, the investment reflects Galaxy's continued focus on building institutional-

grade digital asset infrastructure and strengthening its position across capital markets,

trading and lending services.

BitGo Reduces Workforce. BitGo (BTGO, OW) announced a nearly 15% workforce

reduction as part of a broader organizational restructuring to concentrate resources

on strategic growth areas. CEO Mike Belshe stated that the company plans to increase

its focus on security, trading, stablecoins, settlement, and AI-powered infrastructure.

BitGo characterized the layoffs as a one-time action and stated that it does not

anticipate additional workforce reductions.

Ethereum Foundation Announces Workforce and Budget Reductions. The Ethereum

Foundation announced plans to reduce its workforce by approximately 20% and