Daily Summary2026-06-25

Senator Lummis announced the final CLARITY Act text will be released over the July 4 weekend with a Senate vote expected in July, while publicly rebutting Jamie Dimon's criticism of the bill. The DOJ challenged law enforcement claims about CLARITY Act loopholes, and separate letters from law enforcement agencies and Catholic groups warned the bill would create crypto crime vulnerabilities. Trump's refusal to sign an unrelated housing bill was identified as a potential obstacle that could delay congressional progress on the CLARITY Act.

↪ Lummis confirmed final text drops over July 4 weekend with Senate vote in July; DOJ, law enforcement, and Catholic groups formally raised AML loophole objections; Trump's refusal to sign housing bill cited as potential legislative impediment.

• Grayscale lists top 15 revenue-producing crypto protocols ahead of CLARITY Act · cryptobriefing.com
• Law Enforcement, Catholic Groups Send Letters to U.S. Government Warning CLARITY Act Would Create Crypto Crime Loopholes · bitcoinmagazine.com
• Sen. Lummis to drop final CLARITY Act text over July 4th weekend, Senate vote expected in July · cryptobriefing.com
• Bitcoin Price Prediction as CLARITY Act Faces Make-or-Break July 4 Deadline · coingape.com
• 'Bitcoin Senator' Lummis Says CLARITY Act Is 'Moving In July', Claps Back At Jamie Dimon's Criticism · benzinga.com
• DOJ challenges law enforcement claims over CLARITY Act loopholes · crypto.news
• Trump's refusal to sign housing bill could delay Congress and imperil Clarity Act · coindesk.com

THORChain resumed trading operations following a month-long halt caused by a $10.7 million exploit and simultaneously published a roadmap for adding Monero swap functionality to the protocol. The Monero swap roadmap represents a planned expansion of privacy-coin liquidity access through THORChain's cross-chain infrastructure.

↪ THORChain resumed trading and published a Monero swap roadmap, extending the story beyond the exploit resumption disclosed on June 24.

• THORChain resumes trading after $10.7M exploit, unveils Monero swap roadmap · ambcrypto.com

Strategy shares fell below $100 for the first time since March 2024, reaching a two-year low, as the company's Bitcoin holdings showed an unrealized loss of $12.6 billion. Analysts at CryptoQuant and Benchmark called on Strategy to pause Bitcoin purchases and rebuild cash reserves, with critics describing STRC preferred shareholders as functioning as a cash backstop subject to dilution. STRC hit a new low as analysts debated the structural sustainability of Strategy's capital model.

↪ MSTR shares fell below $100 to a two-year low, unrealized losses widened to $12.6B, and analysts publicly called for a halt to BTC purchases; STRC hit new lows.

• 'Stop Buying Bitcoin': Strategy Needs More Cash Fast, Analyst Says as STRC Hits New Low · decrypt.co
• Saylor’s STRC Bitcoin machine is turning shareholders into its cash backstop – causing a dilution trade-off · cryptoslate.com
• Strategy Shares Slide Below $100 as Bitcoin Holdings Lose Their Shine · blockchainreporter.net
• ‘Pause Bitcoin purchases and rebuild your cash reserve’ – Critics slam Strategy · ambcrypto.com
• Strategy stock falls below $100 for first time since March 2024 as Bitcoin holdings face scrutiny · cryptobriefing.com
• Strategy’s unrealized losses on its Bitcoin holdings have widened to $12.6 billion. · lookonchain.com
• Strategy MSTR shares drop to two-year low as Bitcoin dip below $60K · fxstreet.com

President Trump declined to sign the bipartisan housing bill that contained a provision banning the Federal Reserve from issuing a central bank digital currency through 2030, describing it as 'of minor importance.' The refusal placed the digital dollar ban on hold despite the bill having previously passed the Senate. The development leaves the CBDC-versus-stablecoin regulatory landscape unresolved pending further congressional action.

↪ Trump refused to sign the housing bill containing the CBDC ban, citing the provision as 'of minor importance,' stalling the prohibition that Congress had previously passed.

• Trump just put the digital-dollar ban on ice over an unrelated voting bill · bsc.news
• Trump Cancels Signing of Bipartisan Housing Bill Containing CBDC Ban: 'Of Minor Importance' · decrypt.co

Bitcoin fell below $60,000 to its lowest level since approximately October 2024, extending an eight-month bear market, with spot Bitcoin and Ethereum ETFs recording combined net outflows of $196 million over four days and approximately $2 billion in May. US Bitcoin demand turned negative and analysts identified a leveraged liquidation cluster near $57,300, while exchange inflows hit multi-month highs with $479 million flowing into Binance during a period of panic selling. Approximately $967 million in 24-hour crypto liquidations were recorded, with $850 million in a separate liquidation event as BTC retested its June low.

↪ BTC broke below $60K to 20–21 month lows, ETF outflows extended to $196M over four days and $2B in May, US BTC demand turned negative, and a $57.3K leveraged liquidation cluster was identified.

• Bitcoin fell to a 21 month low, major altcoins and crypto stocks extended losses · en.coin-turk.com
• Bitcoin retests June low after $850M liquidations rock crypto market · crypto.news
• COINTELEGRAPH: Bitcoin nearly loses $59K as DXY surges: Are traders bracing for more pain? · cointelegraph.com
• Bitcoin falls below $60K amid pre-halving volatility, $2B ETF outflows in May · cryptobriefing.com
• Binance sees $479M in Bitcoin inflows as panic selling rises · cryptobriefing.com
• Bitcoin: Will BTC hold $60K as exchange inflows hit multi-month high? · ambcrypto.com
• Bitcoin falls below $60,000 as AI trade continues to draw investor interest and capital · coindesk.com
• $600M Wiped Out in Hours: Crypto’s Leverage Bloodbath Just Hit BTC and ETH Hardest · beincrypto.com
• America’s Bitcoin buying turns negative as BTC drifts closer to the $57,300 liquidation trap · cryptoslate.com
• Bitcoin Hits Lowest Level Since Oct. 2024 as Bear Market Grinds Into 8th Month · beincrypto.com
• Crypto sectors drop for three consecutive days, BTC momentarily falls below $60,000 · panewslab.com
• Bitcoin Slips Under $60,000 as Tech Rout, Hawkish Fed Hit Crypto · thedefiant.io
• Bitcoin and Ethereum ETFs Bleed $196M in Four Days as Outflow Streak Continues · blockchainreporter.net
• Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone · coindesk.com
• Bitcoin crash to $60K opens new $530M demand zone: Will bulls buy in? · cointelegraph.com
• 'Painful' Bitcoin Sell-Off Drags Ethereum, XRP and Dogecoin Lower as Crypto Stocks Dive · decrypt.co
• Bitcoin Price Collapses to $59,000 — and the Worst May Not Be Over · bitcoinmagazine.com
• Bitcoin Breaks Below $60,000 Again as Biggest Crypto Buyers Balk · bloomberg.com

Standard Chartered highlighted $75 billion in deposits on Aave and identified tokenization as a key growth driver for the protocol. Tokenized stock trading on Solana reached a $644 million all-time high in daily volume, with Sandisk's SNDK tokenized stock going live on the Solana network as a concrete new listing. Grayscale separately published a ranking of the top 15 revenue-producing crypto protocols ahead of the CLARITY Act.

↪ Standard Chartered flagged $75B in Aave deposits as a tokenization growth driver, and tokenized stock ATH volume of $644M was recorded on Solana, building on prior $1.29B tokenized stock processing data.

• Sandisk's tokenized stock SNDK is now live on the Solana network. · lookonchain.com
• Standard Chartered highlighted $75 billion in Aave deposits, sees tokenization as key growth driver · en.coin-turk.com
• Tokenized Stock Trading Hits $644M ATH Volume as Solana Shifts Beyond Memecoins · solanafloor.com

Credit unions collectively managing $25 billion in assets joined a stablecoin infrastructure program, representing a concrete institutional adoption milestone for stablecoin payment rails. No specific program operator, platform, or deployment timeline was disclosed alongside the announcement.

• Credit unions managing $25B in assets join stablecoin infrastructure program · cointelegraph.com

HYPE fell approximately 22% from its record highs, extending prior declines that were accompanied by $96 million in whale activity. The token's spot ETF had previously recorded $27.95 million in net inflows and a separate whale accumulated over $30 million in HYPE, while Hyperliquid's trading volume had declined approximately 50% from prior levels.

↪ HYPE extended its decline to 22% from record highs, adding to the 11% drop and $96M whale activity reported on June 24.

• COINTELEGRAPH: HYPE down 22% from record highs: Will spot demand revive the uptrend? · cointelegraph.com

Franklin Templeton completed its acquisition of 250 Digital and formally launched a new crypto division targeting institutional clients including pension funds and sovereign wealth funds. The firm manages approximately $1.8 trillion in total assets under management.

↪ Franklin Templeton's acquisition of 250 Digital and launch of its Franklin Crypto division were confirmed in additional reporting on June 25.

• CROWDFUNDINSIDER: Franklin Templeton Completes Acquisition of 250 Digital, Launches New Crypto Division · crowdfundinsider.com

Congress continued deliberations over whether crypto and fintech firms should receive access to a restricted form of Federal Reserve account, described as 'skinny accounts,' which would provide limited direct access to the Fed's payment and settlement infrastructure. The policy question was framed as determining the degree of banking integration available to non-bank crypto firms.

↪ Congressional debate over Fed master account access for crypto firms continued, with 'skinny accounts' as the specific vehicle under consideration.

• Who gets a direct line to the Fed? Congress weighs risks of Fed ‘skinny accounts’ for crypto and fintech firms · theblock.co

A co-founder of Superstate raised $3.6 million in pre-seed funding to build Ground, a platform designed to give fintech companies access to on-chain yield products. The raise targets infrastructure enabling fintechs to integrate blockchain-based yield into their financial service offerings.

• Superstate co-founder raises $3.6 million pre-seed for Ground to help fintechs access onchain yield · theblock.co

A researcher published a formal critique challenging Microsoft's claims regarding its topological qubit technology, raising questions about the validity of the company's quantum computing progress assertions.

• Researcher Throws Cold Water on Microsoft Quantum Claims · decrypt.co

Bitcoin long-term holders controlled 79% of the total circulating supply as of the reporting date, reaching a new all-time high for this metric. The figure was published alongside prior data showing five-year holder spending dropped to 962 BTC and multi-year holder selling fell to a 19-month low.

↪ LTH supply share reached a new all-time high of 79%, extending the multi-month low in LTH spending reported on June 24.

• Bitcoin long-term holders control 79% of circulating supply, hitting a new all-time high · cryptobriefing.com

Bitcoin network activity continued to trend at elevated levels relative to recent history despite the market price remaining below record highs and falling below $60,000. On-chain transaction volume metrics were cited as diverging from the prevailing price weakness.

↪ Bitcoin network activity continued at elevated levels despite price weakness below $60K, extending prior on-chain divergence data.

• Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highs · cryptopotato.com

A SPAC deal between Cantor Fitzgerald and Adam Back's Bitcoin venture experienced a delay, affecting the timeline for a publicly listed Bitcoin treasury vehicle associated with both parties. The BSTR shareholder merger vote was separately reported as stalled, with Adam Back's push to challenge Bitcoin treasury leaders on hold pending resolution.

↪ The Cantor Fitzgerald SPAC deal with Adam Back's Bitcoin venture hit a delay, separate from the BSTR shareholder vote delay previously reported.

• BSTR Vote Delay Stalls Adam Back’s Push to Challenge Bitcoin Treasury Leaders · beincrypto.com
• Cantor Fitzgerald’s SPAC deal with Adam Back’s Bitcoin venture hits a delay · cryptobriefing.com

Bitcoin reached a 20-month price low as investor capital was reported to be rotating away from cryptocurrency toward artificial intelligence investments. The price decline occurred concurrently with deteriorating market sentiment and ongoing ETF outflows.

↪ Capital rotation from Bitcoin to AI investments was cited as an additional driver of BTC's 20-month price low alongside ETF outflows.

• Bitcoin hits 20-month low as market sentiment sours and investors chase AI instead · cryptobriefing.com

BlackRock published analysis framing Bitcoin as a complementary portfolio diversifier and recommended a 1% to 2% allocation for investors. The recommendation was issued while spot Bitcoin and Ethereum ETFs simultaneously recorded net outflows of $134 million.

↪ BlackRock's BTC diversifier framing received additional coverage describing the firm as saying 'YES' to Bitcoin as a portfolio diversifier.

• Bitcoin as ‘complementary diversifier’? BlackRock says YES, but … · ambcrypto.com

Ripple's RLUSD stablecoin received regulatory approval to enter the Japanese market through a partnership with SBI Group, with the stablecoin listed on Ethereum rather than the XRP Ledger for the Japan deployment. SBI and Startale separately advanced a yen-backed stablecoin initiative in parallel, placing yen-denominated stablecoins in the institutional spotlight.

↪ RLUSD received Japanese regulatory approval and was listed in Japan via SBI Group on the Ethereum network, extending prior XRPL and Indonesia expansion coverage.

• SBI And Startale Put Yen Stablecoins Back In The Institutional Spotlight · newsbtc.com
• Ripple used Ethereum to list its RLUSD stablecoin in Japan · protos.com
• XRP: Ripple and SBI Group Partner to Launch Ripple USD (RLUSD) in Japan · ripple.com
• Ripple's stablecoin RLUSD approved to enter Japanese market · lookonchain.com

A narrative piece titled 'The 2036 Issue: Here Come the Sovereigns' addressed the prospect of sovereign entities accumulating Bitcoin on a significant scale, framing the trend as a medium-term development. No specific country names, purchase amounts, or confirmed accumulation data were disclosed.

• The 2036 Issue: Here Come The Sovereigns · bitcoinmagazine.com

Federal Reserve Chair Kevin Warsh's first meeting produced a hawkish policy signal that sent gold, silver, and Bitcoin prices lower. Bitcoin fell below $60,000 amid the broader tech rout coinciding with the Fed's tone, with the DXY rising simultaneously as crypto markets declined.

↪ Warsh's first Fed meeting produced concrete market reactions with gold, silver, and Bitcoin declining; Bank of America separately forecast three rate hikes in 2026.

• Kevin Warsh’s first Fed meeting sends gold, silver, and Bitcoin tumbling · cryptobriefing.com
• Federal Reserve’s Kevin Warsh signals hawkish stance, boosts US assets and rattles crypto markets · cryptobriefing.com

Commentary published on June 25 argued that the banking lobby's position opposing stablecoin legislation was incorrect with respect to the interests of community banks. The debate occurred in the context of the GENIUS Act having passed the Senate, with stablecoin AML and FinCEN rule requirements under the new law subject to ongoing discussion.

↪ Banking lobby's opposition to stablecoin legislation for community banks was publicly rebutted, extending the GENIUS Act passage coverage.

• The banking lobby is wrong about stablecoins and community banks · coindesk.com

DeFi total value locked contracted 39% in 2026 while hacks cost the sector approximately $942 million, with only two blockchain networks recording TVL growth during the period. The figures extend the Q2 2026 record of 83 security breaches and $775 million in stolen funds previously reported.

↪ Full-year DeFi TVL contraction of 39% and $942M in hacks reported, extending the Q2 record of 83 breaches and $775M stolen.

• DeFi TVL Shrinks 39% in 2026, Hacks Cost $942M as Only Two Chains Grow · blockchainreporter.net

BlackRock transferred approximately $256 million in combined Bitcoin and Ethereum to Coinbase, with analysts questioning whether the movement signaled impending selling pressure from the institutional asset manager. A separate BlackRock transfer of approximately $168 million was previously flagged in connection with ETF-related flow activity.

↪ BlackRock transferred $256M in BTC and ETH to Coinbase, adding to a separate $168M transfer previously flagged, raising selling pressure questions.

• Blackrock Moves $256 Million in BTC & ETH To Coinbase, Selling Pressure Ahead? · coinpedia.org
• BlackRock link transfer worth 168.6 million dollars rocks the market! What are investors watching next? · en.coin-turk.com

Analysis identified viral public whale liquidations on Hyperliquid as an emerging real-time on-chain trading signal, attributing the effect to the platform's transparent liquidation data feeds. The phenomenon was noted as a distinctive feature of Hyperliquid's decentralized perpetual exchange structure.

↪ Hyperliquid's public whale liquidation transparency was identified as an emerging on-chain signal, adding analytical context to prior whale and volume data.

• Why viral public whale liquidations are becoming a real trading signal on Hyperliquid · cryptoslate.com

Ric Edelman published data showing institutional crypto adoption is accelerating while individual investor activity is simultaneously slowing. The divergence was cited as a structural shift in the composition of crypto market participation.

• Ric Edelman said crypto adoption is accelerating among institutions as individual investor activity slows · en.coin-turk.com

South Korean government officials met with the US Securities and Exchange Commission to discuss the development of unified cryptocurrency regulatory standards, with South Korea also considering aligning its crypto rulebook with the US framework. The meetings occurred in the context of domestic South Korean crypto market scandals prompting regulatory review.

↪ South Korean officials held meetings with the US SEC on unified crypto rules, building on prior South Korea-US regulatory alignment coverage.

• South Korean Officials Meet With US SEC, Weigh Unified Crypto Rules Amid Local Scandals · decrypt.co
• SEC meets South Korean delegation to discuss crypto regulations · cryptobriefing.com
• South Korea is looking to Washington as it writes its crypto rulebook · bsc.news

Binance's ongoing effort to secure a MiCA operating license in the European Union, following the withdrawal of its Greece application, was characterized by the Wall Street Journal as a test of the EU's ability to supervise major crypto firms under the new framework. Binance's co-CEO reaffirmed commitment to obtaining an EU license before the relevant regulatory deadline.

↪ WSJ characterized Binance's EU licensing situation as a test of MiCA supervision capacity; Binance reiterated commitment to securing an EU license after Greece withdrawal.

• Binance co-CEO remains ‘committed’ to securing EU license after exchange withdraws Greece bid · theblock.co
• WSJ: Binance will test EU ability to supervise crypto firms · article.dowjones.com

Aave V4 surpassed $200 million in deposits since its launch, with the protocol described as a growing revenue engine for decentralized lending. Standard Chartered separately identified $75 billion in total Aave deposits across all versions as a key tokenization growth indicator.

↪ Aave V4 crossed $200M in deposits, adding a concrete metric to Standard Chartered's separate flagging of $75B in total Aave deposits.

• Aave V4 Crosses $200M Deposits. How It Is DeFi Lending’s New Revenue Engine · coingape.com

Blockchain.com and KuCoin announced expansions of their cryptocurrency payment rails across emerging market regions. No specific country breakdowns, transaction volume figures, or partnership metrics were disclosed alongside the announcements.

• COINTELEGRAPH: Blockchain.com, KuCoin expand payment rails across emerging markets · cointelegraph.com

The DeFi sector lost more than half its total value between October 2025 and the reporting date. The decline occurred alongside a 39% contraction in total value locked and $942 million in hack-related losses recorded in 2026.

↪ DeFi sector value loss exceeding 50% since October was reported as a distinct data point alongside the TVL contraction and hack figures.

• DEFI has shed more than half its value since October · bsc.news

21Shares published analysis stating that Bitcoin had not broken its historical four-year price cycle despite falling below $60,000. The commentary was offered as a cycle-based perspective on the current bear market without specific quantitative projections.

• Bitcoin Hasn't Broken the 4-Year Cycle Yet, Says 21Shares as BTC Dives Below $60K · decrypt.co

The Wall Street Journal reported that Iran moved approximately $3.84 billion through CoinEx to bypass US sanctions. Bybit was separately reported to be linked to approximately $2 billion in illicit Iranian cash flows routed through crypto exchange infrastructure.

↪ WSJ reported Iran moved $3.84B through CoinEx; Bybit was separately linked to $2B in illicit Iranian flows, extending the DOJ seizure and sanctions crackdown coverage.

• Bybit linked to $2B in illicit Iranian cash flow through crypto exchange · cryptobriefing.com
• WSJ: CoinEx Linked to Iran-Related Cryptocurrency Fund Flows · lookonchain.com
• Iran moved $3.84 billion through CoinEx to bypass US sanctions, WSJ reports · cryptobriefing.com

Coinbase designated Luxembourg as its regulatory home under the MiCA framework for European Union users, establishing the jurisdiction for its EU-compliant crypto service operations. The designation was made in the context of ESMA's enforcement of the MiCA CASP authorization deadline.

↪ Coinbase selected Luxembourg as its specific MiCA regulatory home for EU operations, adding a concrete jurisdiction to prior MiCA CASP deadline coverage.

• Coinbase designates Luxembourg as its MiCA home for EU users · cryptobriefing.com

Bitcoin miners faced deepening margin pressure as market revenue fell below estimated production costs of approximately $78,000 per coin. The margin squeeze was identified as a source of network stress with miners reporting declining profitability at current Bitcoin price levels.

↪ Miner revenue falling below production costs was confirmed as a deepening margin squeeze, extending prior reporting of $78K production cost vs. sub-$60K market price.

• Bitcoin miners face deepening margin squeeze as revenue falls below production costs · theblock.co

Senator Cynthia Lummis publicly stated that Bitcoin could potentially be used to eliminate the United States national debt. No specific legislative proposal, quantitative framework, or policy mechanism was disclosed alongside the statement.

• Cynthia Lummis says Bitcoin could erase the US national debt · cryptobriefing.com

Russia's cryptocurrency regulation bill failed to pass by its scheduled July 1 deadline, with the legislation now delayed. No revised timeline or specific blocking factors were disclosed.

• Russia's crypto regulation bill delayed, unable to pass by July 1 as scheduled · panewslab.com

Stellar's XLM token was reported to be backed by $3.35 billion in real-world asset activity, with XLM surging approximately 10% following Centrifuge's integration of RWA functionality on the Stellar network. The Centrifuge-Stellar integration was cited as a primary driver of investor interest in the token.

• Stellar XLM News Today: XLM Surges 10% as Centrifuge Integrates RWAs, 3 Reasons $MT Will Pump With XLM · en.bitcoinsistemi.com
• XLM backed by $3.35 billion surge in real world assets! What is driving investor interest? · en.coin-turk.com

KDDI and Securitize Japan signed a basic agreement to jointly explore next-generation financial services leveraging blockchain technology. No specific product structures, capital commitments, or deployment timelines were disclosed.

• SECURITIZE: KDDI and Securitize Japan Sign a Basic Agreement to Explore Next-Generation Financial Services Leveraging Blockchain · securitize.io

UK Labour urged the Financial Conduct Authority to investigate Nigel Farage's cryptocurrency lobbying activities. The probe request came in the context of ongoing political uncertainty about the UK's crypto regulatory direction following reports of potential leadership changes in the Labour government.

↪ UK Labour government faced a regulator probe into Farage's crypto lobbying while political uncertainty around Starmer's leadership continued.

• BLOOMBERG: Labour Urges UK City Regulator to Probe Farage's Crypto Lobbying · bloomberg.com

XRP declined approximately 50% with analysis linking part of the pressure to a $785 million XRP-related stablecoin product facing structural difficulties. The stablecoin's condition was cited as a contributing factor to XRP's price weakness.

• XRP Is Down 50%, and a $785 Million Stablecoin May Be Part of the Problem · beincrypto.com

Crypto-backed candidates won primary elections in three US states, adding to the Maryland House of Delegates victory previously reported. The wins extended a pattern of crypto political action committee involvement in US electoral races.

↪ Crypto-backed candidates notched wins in three state primaries, extending the Maryland House of Delegates victory reported on June 24.

• COINTELEGRAPH: Crypto-backed candidates notch wins in three US state primaries · cointelegraph.com

Crypto markets recorded approximately $967 million in total liquidations over a 24-hour period, with $107 million in long positions liquidated within a single hour. The liquidation activity was concentrated in Bitcoin and Ethereum leveraged positions.

↪ 24-hour liquidations reached $967M and $107M in longs were liquidated in a single hour, extending the $600M+ liquidation data from June 24.

• Crypto market sees over $107M in long positions liquidated in a single hour · cryptobriefing.com
• 24-hour crypto liquidations reach $967M as leveraged longs get wiped out · cryptobriefing.com

Coinbase CEO Brian Armstrong stated the company plans to pursue additional acquisitions following its $2.9 billion purchase of Deribit. The Deribit acquisition previously expanded Coinbase's institutional derivatives market position.

↪ Coinbase CEO publicly signaled further acquisition plans following the Deribit deal closure, extending prior CFTC perpetual futures coverage.

• Coinbase CEO plans more acquisitions after $2.9B Deribit deal · cryptobriefing.com

Research published on June 25 argued that perfect fairness in blockchain transaction ordering is theoretically impossible, with implications for MEV risks in decentralized exchange design. The analysis was presented in the context of ongoing protocol-level debates over MEV elimination.

• The Impossibility of Perfect Fairness in Transaction Ordering · cointelegraph.com

The US Department of Justice seized a cloud computing account operated by Huione Group that was used to launder proceeds from cryptocurrency scams. The action was separate from the previously reported $1 billion seizure of Iranian crypto assets.

↪ DOJ separately seized Huione Group's cloud computing account in a crypto money-laundering crackdown, extending the $1B Iranian asset seizure coverage.

• DOJ Seizes Huione Cloud Backbone In Crypto Scam Money-Laundering Crackdown · newsbtc.com

The Ethereum Foundation's long-term solvency was again placed under scrutiny following reported staff cuts and ongoing leadership departures. Analysis previously published described the Foundation's funding crisis as a compounding concern for Ethereum protocol development.

↪ Ethereum Foundation solvency concerns resurfaced following additional cuts and leadership losses, extending the funding crisis narrative from June 24.

• COINDESK: Upheaval at the Ethereum Foundation has some of crypto's biggest names feeling bullish · coindesk.com
• Ethereum Foundation Cuts Put Long-Term Solvency Back In Focus · newsbtc.com

Agora's AUSD stablecoin doubled its market capitalization to $73 million on the Monad blockchain. The growth represents a 100% increase in AUSD supply deployed on the Monad network.

• Agora’s AUSD stablecoin market cap rises 100% to $73M on Monad · cryptobriefing.com

Binance formally withdrew its MiCA operating license application in Greece and announced it is pursuing a new EU jurisdiction to secure regulatory authorization before the July deadline. The ECB had reportedly urged Greek authorities to reject the Binance application, contributing to the withdrawal decision.

↪ Binance formally withdrew its Greece MiCA application and confirmed it is targeting a new EU jurisdiction before the July deadline.

• Binance Europe License Bid Fails in Greece as Exchange Vows to Stay in EU · blockonomi.com
• Binance Withdraws Greece MiCA Application, Targets New EU Jurisdiction Before July Deadline · thedefiant.io

Prediction market polling found that US voters prefer federal regulatory oversight of cryptocurrency over a state-by-state patchwork framework. The finding was published in the context of ongoing CFTC-state jurisdiction disputes over prediction market contracts.

• Prediction market polls find US voters prefer federal rules over state patchwork · theblock.co

The CFTC filed suit against the state of Kentucky over its actions against prediction market operators Polymarket and Kalshi, making Kentucky the ninth state in the ongoing federal-state jurisdiction dispute over event contracts. The CFTC chair previously stated that perpetual contract trading is not suitable for all asset categories the agency regulates.

↪ CFTC expanded its prediction market jurisdiction fight to Kentucky, making it the ninth state targeted.

• CFTC Sues Kentucky, Making It the Ninth State in Prediction-Market Jurisdiction Fight · thedefiant.io

The White House issued a denial of reported connections between President Trump's cryptocurrency interests and a UAE artificial intelligence deal after Senate Democrats demanded congressional hearings on the matter. The denial followed Senate Democratic pressure characterizing the alleged connection as a conflict of interest.

↪ White House formally denied Trump crypto ties to UAE AI deal following Senate Democratic scrutiny raised on June 24.

• White House Denies Trump Crypto Link to UAE AI Deal After Senate Democrats Demand Hearings · beincrypto.com

Cambrian, backed by a16z's CSX accelerator program, raised $6 million in seed funding to build a blockchain data oracle network targeting institutional and AI agent applications. No specific data types, chain integrations, or launch timeline were disclosed.

• a16z CSX-backed Cambrian raises $6 million seed to build blockchain data oracle network · theblock.co

KuCoin Pay expanded its cryptocurrency payment functionality to Bangladesh, Mexico, and Zambia by integrating local bank and mobile money rails in each market. No specific transaction volume, user count, or banking partner details were disclosed.

• TECHSTARTUPS: KuCoin Pay Expands Crypto Payments in Bangladesh, Mexico, and Zambia With Local Bank and Mobile Money Rails · techstartups.com

Uniswap generated approximately $23 million in protocol revenue since activating its fee switch, while simultaneously launching a no-code tool allowing users to create token launches in a few clicks without programming. The on-chain activity on Uniswap surged 233% by volume according to the latest data.

• Uniswap generates nearly $23M in protocol revenue this year after fee switch activation · cryptobriefing.com
• Uniswap turns token launches into a few clicks, no coding required · bsc.news

Grow integrated real yield functionality for multiple currency denominations on the Base blockchain network. No specific yield rates, deposit volumes, or supported currency pairs were disclosed.

• Grow integrates real yield for multiple currencies on Base · cryptobriefing.com

Prediction market platform Kalshi was reported by the Financial Times to be in discussions to raise new funding at a $40 billion valuation. The reported valuation represents a significant increase in the platform's perceived market value.

↪ Kalshi's $40B fundraising valuation was reported by FT, adding a concrete valuation metric to prior prediction market coverage.

• Kalshi in talks to raise funds at $40 billion valuation: FT · theblock.co

A cryptocurrency whale holding a long position of approximately 120,000 Ethereum accumulated an unrealized loss exceeding $77 million and added approximately $8 million in additional margin to maintain the position. The margin addition occurred in the early hours of the reporting day.

↪ The large ETH long whale added $8M in margin as unrealized losses grew to $77M, extending prior large ETH position tracking.

• A crypto whale holding 120,000 ETH long positions is sitting on an unrealized loss of over $77 million, and added $8 million in margin in the early hours. · lookonchain.com

American Bitcoin Corp filed an 8-K disclosure with the SEC, signaling a reportable corporate event at the Bitcoin mining and treasury company. No specific details of the filing's contents were disclosed in available reporting.

• SEC FILLINGS: 8-K - American Bitcoin Corp. (0001755953) (Filer) · sec.gov

A wallet linked to venture capital firm a16z withdrew 25,560 Ethereum from Binance in a transaction characterized as an institutional accumulation move. The withdrawal was identified via on-chain tracking tools.

• A16z-Linked Wallet Pulls 25,560 ETH From Binance in Apparent Accumulation Move · thedefiant.io

BNB Chain launched a zkTLS-based verification layer enabling privacy-preserving data authentication on its network. The system uses zero-knowledge proof technology to verify data without exposing underlying information.

• BNB Chain launches zkTLS verification layer for privacy-preserving data · cryptobriefing.com

VaultKit launched a compliance and risk control platform for managing on-chain vaults, targeting regulated entities seeking to deploy assets in blockchain-based vault structures. The product was positioned as infrastructure for compliant on-chain asset management.

• NEWT: VaultKit: Compliance and Risk Controls for Onchain Vault Management · blog.newton.xyz

The DLMC token on the Binance Smart Chain suffered a suspicious attack resulting in losses of approximately $222,600. The incident was identified as a small-scale exploit separate from larger DeFi security events.

• Suspicious attack on DLMC token on BSC chain, loss of approximately $222,600 · panewslab.com

Brent crude oil prices erased wartime gains as the reopening of the Strait of Hormuz increased global supply expectations, removing a key geopolitical risk premium from energy markets. The development was cited as a macro factor with a minor read-through to Bitcoin price dynamics.

↪ Brent oil erased wartime gains following Hormuz reopening, partially reversing the BTC price catalyst from the US-Iran deal progress reported on June 22.

• Brent oil erases wartime gains as Hormuz reopening boosts supply and lifts Bitcoin · cryptobriefing.com

Analyst Jiang Zhuoer predicted the current Bitcoin bear market will bottom in the fourth quarter of 2026 within a target range of $42,000 to $44,000. The forecast was offered as a price cycle projection without disclosure of the specific analytical methodology.

• Jiang Zhuoer: This round of Bitcoin bear market may bottom in Q4, target range $42,000 to $44,000 · panewslab.com

A former FCA policy official published analysis describing a significant internal divide within UK regulatory and government bodies over the country's cryptocurrency ambitions. The commentary was published alongside ongoing political uncertainty about the direction of UK crypto policy.

↪ A former FCA insider published analysis on the UK's internal crypto policy divide, adding insider perspective to prior coverage of UK political uncertainty.

• Ex-FCA policy insider explains the ‘great divide’ in the UK’s crypto ambition · coindesk.com

BlackRock's private investments fund received insufficient seller interest in a tender offer, falling short of its target participation level. No specific tender offer size, target amount, or asset category was disclosed.

• BlackRock Private Investments Fund’s tender offer comes up short on seller interest · cryptobriefing.com