Morning Crypto Market Digest: TurboFlow Targets Asian Kalshi, Former Ethereum Foundation Employees Launch Ethlabs, and Enso Opens Access to 500+ Tokenized Assets
The market starts the morning of June 23 in a sideways trend, but the news agenda is packed with strategic events. We break down the key movements: the $6 million raise by prediction platform TurboFlow, the creation of a new non-profit organization Ethlabs for Ethereum's institutional leap, and the launch of the Enso app for trading hundreds of tokenized assets.
Market Dynamics: BTC and ETH Consolidate, Tron is the Week's Leader
Bitcoin (BTC) began the day with sideways movement. As of 06:34 Moscow time, the asset is trading at $63,982 (approximately ₽4,745,459). Over the past 24 hours, the low was $63,759 and the high was $65,544. Ethereum (ETH) is also showing consolidation at the $1,726 level (roughly ₽128,085).
In the top 10 by market cap, Tron shows the best performance over the day and week: +1.53% and +4.80% respectively. The biggest losses over 24 hours are seen in Solana (-2.80%), and over seven days in XRP (-7.91%). Among the top 100 assets, DeXe shows phenomenal daily growth (+67.02%), and Aerodrome Finance leads the week (+36.22%). The worst 24-hour performance is from Humanity (-36.23%), and the worst weekly performance is from Audiera (-57.65%).
TurboFlow: $6 Million to Become the "Asian Kalshi"
Crypto platform TurboFlow, which provides access to prediction markets and perpetual futures, has raised $6 million in a seed round led by Pantera Capital. Susquehanna Crypto and Digital Currency Group also participated in the deal. The Hong Kong-based company aims to become the "Asian Kalshi" and fill the gap between retail users and institutional liquidity in the region. Founder and former co-founder of Amber Group, Tony He, notes that prediction markets are well-developed in the West but remain undervalued in Asia. Over more than six months of beta testing, the platform attracted over 15,000 users and processed over $19 billion in trading volume. Notably, the fastest-growing segment was prediction markets, not traditional perpetual futures.
Ethlabs: A New Organization for Ethereum's Institutional Supercycle
Former senior researchers from the Ethereum Foundation, along with companies Bitmine, Sharplink, and Ethereum co-founder Joe Lubin, have founded a new non-profit organization called Ethlabs. Its mission is to prepare Ethereum for mass institutional use in the era of stablecoins, tokenized assets, and autonomous AI commerce. The launch comes amid a crisis within the Ethereum Foundation itself: the foundation holds only 0.16% of all ether, continues to sell assets, and its executive director left last week. A former foundation employee warned of a "slowly brewing funding crisis." The creation of Ethlabs is, in essence, a response to the need to decentralize ecosystem development efforts beyond the main foundation.
Enso: Trading 500+ Tokenized Assets
Swiss Web3 platform Enso has launched an app for working with over 500 tokenized assets: stocks, ETFs, government bonds, commodities, and stablecoins. The service operates through integrations with xStocks, Ondo Finance, and Porto by Anchorage Digital. Available assets include shares of Apple, Microsoft, Nvidia, Tesla, and SpaceX. Enso CEO Connor Howe notes that demand for tokenized US stocks is particularly high among European investors, primarily due to 24/7 trading, which is unavailable on traditional platforms.
My Comment: The morning of June 23 highlights three key trends: institutionalization through prediction markets (TurboFlow), the restructuring of Ethereum's infrastructure in response to an internal crisis (Ethlabs), and the expansion of the RWA sector (Enso). The latter is especially important—tokenization of traditional assets is gradually becoming a bridge between TradFi and DeFi, and demand for such instruments will only grow.