Daily digests
Crypto News Digest: June 25, 2026
The stories that moved crypto on June 25, 2026.
40 stories
All crypto news
Kraken expands OTC lending through an onchain warehouse facility with Maple
Kraken is expanding its over-the-counter lending capabilities by partnering with Maple to establish an onchain warehouse facility. Maple's lenders will provide a revolving line of funding, totaling an undisclosed amount, to supply USDC liquidity for Kraken's borrowers. This move will increase liquidity and accessibility for Kraken's OTC borrowers, enhancing its market position in the crypto lending space.
$47M in Crypto Frozen in Global Infostealer Takedown: Europol
Law enforcement agencies, led by Europol, have successfully disrupted three notorious malware operations, SocGholish, Amadey, and StealC, which have been harvesting cryptocurrency wallets and passwords, resulting in the freezing of approximately €41 million in cryptocurrency, a significant blow to the illicit online economy, highlighting the ongoing cat-and-mouse game between cybercriminals and authorities.
‘Waiting for buyers’: Bitcoin holds fragile $60K floor ahead of $10.6B quarterly expiry
Bitcoin holds a fragile $60K floor ahead of a $10.6 billion quarterly expiry on June 26, with prices falling to the low $60,000s. $469 million in ETF outflows and negative gamma weigh on sentiment, leaving investors waiting for buyers to step in. Market volatility is expected to increase as the expiry approaches, potentially affecting Bitcoin's price stability.
Does Botanix’s failure prove Bitcoiners don’t care about DeFi?
Botanix's failure indicates a preference among Bitcoiners for Ethereum DeFi over Bitcoin L2s, with many choosing to stake their assets on Ethereum rather than utilizing Bitcoin's Layer 2 solutions. This trend suggests that Ethereum's established DeFi ecosystem and liquidity are currently more attractive to Bitcoin holders, who prioritize yield and usability.
Post-prison CZ says time behind bars didn't hurt the billionaire's business after Binance
Changpeng Zhao, the pardoned ex-CEO of Binance, views his prison experience as a character-building "plus" that has not negatively impacted his business, despite being the majority stakeholder in the world's largest crypto exchange. With a venture-capital career now underway, Zhao's entrepreneurial spirit remains unphased, indicating a resilient business model that can withstand personal challenges.
Uniswap, Spark aim to build stablecoin FX market as banks, fintechs enter the industry
Uniswap and Spark are building shared liquidity and trading infrastructure for a stablecoin FX market, aiming to support hundreds of competing digital currencies on blockchain rails. This infrastructure will enable seamless trading and liquidity provision, potentially disrupting traditional banking and fintech industries as they increasingly enter the digital currency space.
Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim
Kraken is suing crypto derivatives firm PowerTrade, alleging that the company misappropriated funds by changing Kraken's positive balance of over $6 million to a $2 million deficit through unauthorized "corrections" related to expired or settled trades, which occurred months earlier. This action has significant implications for the crypto derivatives market, highlighting potential risks of unregulated trading practices.
Bitcoin likely to fall another 30% to $44,000 by year-end, prominent BTC miner says
Bitcoin is expected to decline another 30% to $44,000 by year-end, according to a prominent BTC miner, citing a key indicator. The miner's stock mNAV has fallen to 0.72, a level that historically precedes a market turn.
Crypto for Advisors: Bitcoin: planning for inheritance
Cryptocurrency owners are urged to create a comprehensive inheritance plan to ensure their loved ones can access their Bitcoin holdings after they pass away, with 70% of advisors recommending a combination of digital wallets, multi-signature accounts, and clear instructions to facilitate a smooth transfer, thereby securing their digital legacy and avoiding potential tax implications in the growing crypto market.
Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges
Bitcoin's price plummets to a new multi-year low of $58,000, sparking concerns among investors. However, derivatives markets indicate that traders are increasingly betting on further price declines, a trend that's becoming overcrowded and potentially setting the stage for a short-squeeze, which could lead to a rapid price reversal and a boost in the market.
Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
Invesco, a $2.5 trillion asset manager, files for a tokenized fund targeting the stablecoin reserve market, deepening its blockchain push. This move follows its takeover of Superstate's tokenized money market fund as fund manager earlier this year, indicating a growing interest in digital assets. The fund aims to capitalize on the stablecoin market's growing demand.
Bitcoin bounces off new 2026 price lows: Will US stock weakness push BTC lower?
Bitcoin is currently bouncing off new 2026 price lows, having fallen to these levels due to spot BTC ETF outflows, a bearish monthly options expiry, and Strategy's unrealized losses widening its gap with AI-connected stock returns, which have seen significant gains. This divergence may indicate a further decline in Bitcoin's price, potentially influenced by US stock weakness.
Anthropic Urges Congress to Crack Down on AI Distillation By Chinese Rivals
Anthropic is urging Congress to crack down on AI distillation by Chinese rivals, alleging that Alibaba-affiliated operators used nearly 25,000 fraudulent accounts to generate 28.8 million Claude exchanges, highlighting a significant security breach. This incident underscores the need for stricter regulations to prevent AI model exploitation, potentially impacting the global AI market and cybersecurity landscape.
Aave founder Stani Kulechov says AAVE isn’t for sale ‘at a 70% discount’ following report of Payward bid
Aave founder Stani Kulechov asserts AAVE isn't for sale 'at a 70% discount' following a reported bid from Payward. The Aave Will Win proposal has successfully redirected 100% of protocol and Aave-branded product revenue to the DAO and AAVE token holders, increasing their control and influence over the platform, solidifying the token's value and market position.
Quant fund says bitcoin is near a major inflection point as rare onchain signals align
Chris Sullivan from Hyperion Decimus asserts that four historically reliable onchain indicators have aligned, suggesting bitcoin is near a major inflection point, one move away from confirming a turning point. This rare alignment has piqued investor interest, with market participants closely watching for a potential shift in bitcoin's trajectory, potentially impacting its price.
Tether-pegged USDT0 stablecoin crosses $100 billion transaction volume milestone
USDT0, the largest stablecoin by market capitalization, has crossed the $100 billion transaction volume milestone, solidifying its position in the cryptocurrency market. Backed 1:1 by Tether, USDT0 is the third-largest holder of USDT, with its massive transaction volume a testament to its widespread adoption and usage in various cryptocurrency trading platforms and exchanges worldwide, fueling further growth in the industry.
Half of UK wealth advisers say clients' crypto is ‘invisible’ to them: CoinShares survey
Wealth advisers in the UK are struggling to incorporate crypto into client portfolios, with a CoinShares survey revealing that half of respondents say clients' crypto holdings are 'invisible' to them. The survey also found EU-based wealth management companies often restrict or lack guidance on digital asset investments, highlighting a significant knowledge gap in the industry.
Coinbase-Backed Ethereum Network Base Recovers After Block Production Issue
Ethereum layer-2 network Base is recovering after a two-hour downtime due to a block production issue. The incident occurred ahead of a planned upgrade. Base, backed by Coinbase, relies on Ethereum's security. The outage's impact is being assessed, and users are advised to monitor the network for any further updates, potentially affecting Base's overall performance and user trust.
SBI Holdings Says $289 Million Bitbank Deal Will Make It Japan's Largest Crypto Exchange
SBI Holdings is acquiring crypto exchange Bitbank in a nearly $289 million deal, pending regulatory approval. This acquisition will likely make SBI Holdings Japan's largest crypto exchange, expanding its market share and influence in the country's growing cryptocurrency industry. The deal is expected to further legitimize Japan's crypto market, boosting investor confidence.
Bitcoin may fall lower but BTC power-law frames crash to $58K as ‘normal’
Bitcoin's price drop to $58,000 aligns with the power-law model's predicted cycle lows, suggesting a possible floor for the cryptocurrency. This model, which frames crashes as 'normal', implies that Bitcoin's current downturn may be nearing an end. However, futures market data indicates a potential for deeper lows, keeping investors cautious.
Bitcoin options traders hedge downside as uncertainty lingers, Anchorage says
Bitcoin options traders are hedging against potential losses as near-term uncertainty lingers, according to Anchorage Digital's latest analysis, with open interest in put options increasing. While markets are not pricing an extreme downside scenario, traders remain cautious, indicating a moderate risk of price volatility. This sentiment suggests a stable market with limited upside potential.
Trillion-dollar asset manager Invesco looks to plant a flag in tokenized stablecoin reserve sector
Invesco, a trillion-dollar asset manager, is entering the tokenized stablecoin reserve sector with a new fund that will invest primarily in U.S. Treasuries, repo agreements, and cash equivalents to maintain a stable $1 net asset value, aiming to provide a secure and stable store of value for investors, potentially attracting more institutional investors to the cryptocurrency market.
Senate races to advance crypto legislation in July as housing bill turmoil threatens timeline
The Senate is racing to advance a sweeping cryptocurrency bill in July, but a housing bill turmoil threatens to derail the timeline. Senators face mounting pressure to take up the legislation next month, which aims to regulate the crypto industry, amidst growing concerns about market stability and investor protection, potentially impacting the market's volatile nature.
Polymarket to Refund Users After Scammers Swipe Millions in Website Exploit
Polymarket is refunding users after hackers exploited a compromised third-party vendor to infiltrate the website, swiping millions in cryptocurrency. The exact amount stolen is unknown, but the breach is a significant blow to the platform's reputation. The incident highlights the ongoing risk of third-party vendor vulnerabilities in the crypto space, sparking concerns about security and user trust.
Bitcoin drops to $58K on high US PCE inflation as trader sees 'manipulation'
Bitcoin plummets to 21-month lows at $58K as stock market volatility surges, accompanied by three-year highs in US PCE inflation, resulting in $600 million in hourly crypto liquidations. Market anxiety intensifies as inflation data fuels recession fears, prompting investors to reassess risk, potentially leading to further cryptocurrency price drops and increased market volatility.
Strategy has a 10-month cash runway for dividends, but retail investors are losing faith
Strategy STRC is facing a 10-month cash runway for dividend payments, but its sharp decline from its marketed price of $100 has severely undermined investor trust, with retail investors losing faith in the low volatility income product. This erosion of confidence may have significant implications for the company's long-term viability and investor loyalty.
BlackBerry is making a massive comeback as an 'uncrashable' software layer for AI and robotics
BlackBerry's stock is surging after the company's massive earnings beat, with a 30% increase in revenue and a 50% jump in software sales. This success is largely due to its pivot into becoming a critical component of the AI and robotics boom, providing an 'uncrashable' software layer for these emerging technologies, solidifying its position in the rapidly growing market.
AI Took Your Job? California Wants to Know
California has launched the nation's first AI unemployment tracker, a move that signals policymakers' growing concern about the potential impact of AI on jobs. The tracker aims to monitor and analyze the effects of AI adoption on employment, specifically examining industries and occupations most vulnerable to automation, potentially reshaping the US labor market and workforce development strategies.
Strategy's yield-generating STRC stock is more correlated with BTC than ever
Strategy's yield-generating STRC stock is exhibiting a tightening correlation with Bitcoin, now more closely aligned than ever before, with a correlation coefficient of 0.73. This increased link undermines STRC's appeal as a relatively steadier income vehicle, making it less attractive to investors seeking stable returns amidst market volatility, potentially impacting its investment value.
Multicoin predicts HYPE hits $319 by 2028 as Hyperliquid turns into an ‘everything exchange’
Multicoin predicts HYPE will hit $319 by 2028 as Hyperliquid transforms into an 'everything exchange'. The investment firm notes Hyperliquid's user base surged from approximately 300,000 to 923,000 in 2025, driven by its expanding ecosystem and growing adoption. This rapid growth is expected to fuel HYPE's price, solidifying its position in the burgeoning DeFi market.
Bitcoin drop to $58K brings out bears: Is BTC’s next stop below $50K?
Bitcoin's price drop to $58,000 confirms a bear flag breakdown, setting a new price target of $54,000 or lower. Bears are now eyeing a potential next stop below $50,000, fueled by the breakdown of this technical pattern. Market sentiment is shifting, and traders are bracing for a possible further decline, as the cryptocurrency's price volatility intensifies.
Coinbase's Base blockchain resumes after two-hour outage disrupted network
Coinbase's Base blockchain is currently resuming operations after a two-hour outage disrupted the network, temporarily halting transaction processing on one of Ethereum's largest layer-2 networks. The incident affected users and developers relying on Base for fast and low-cost transactions. Market implications remain unclear, but the outage may impact Base's growing user base.
CoinEx Denies 'Knowledge' of Aiding Sanctioned Iran Crypto Market in $3.8 Billion Disconnect
CoinEx denies any involvement in aiding the sanctioned Iranian crypto market, despite TRM Labs uncovering over $3.84 billion in crypto flows between CoinEx and more than 60 sanctioned Iranian platforms. This revelation raises concerns about CoinEx's compliance with sanctions regulations, potentially impacting its reputation and future business operations in the global crypto market.
Story Protocol Rebrands as Data Network in AI Training Pivot After IP Token Falls 98%
Story Protocol is rebranding as Data Network, pivoting its focus to training data for artificial intelligence. This strategic shift comes after its IP Token plummeted 98%.
South Korean authorities fine Bithumb $136K over sharing user information overseas
South Korean authorities are fining Bithumb $136,000 for sharing user information overseas in violation of data protection laws, following an investigation that concluded the exchange shared information with numerous international exchanges. This move highlights concerns over data security and the need for compliance with regulations in the rapidly expanding global cryptocurrency market.
Traders Predict More Pain for Bitcoin and Ethereum After Monthly Drops Above 20%
Traders predict more pain for Bitcoin and Ethereum as prediction market users foresee no immediate relief after monthly drops exceeding 20%. Bitcoin has touched its lowest price in 21 months, sparking concerns of further decline, and market sentiment remains bearish, with many anticipating prolonged crypto carnage and potential price drops, impacting investor confidence.
Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans
Kraken and Maple are launching an onchain warehouse facility for crypto-backed institutional loans, bringing a traditional warehouse financing model to blockchain. This facility enables Kraken to expand its institutional crypto lending business using structured credit. The partnership aims to increase efficiency and reduce costs for institutional lenders.
Bitcoin rout leads Strategy’s STRC to slide 26% below par as MSTR shares hits 16-month low
Strategy's STRC preferred securities slide 26% below par as MSTR shares hit a 16-month low, a stark contrast to the past year's strategy of issuing and tapping preferred securities like STRC to raise capital for additional bitcoin purchases, now seemingly backfiring amidst the cryptocurrency's ongoing rout, weighing heavily on the company's valuation and investor confidence.
21shares trims 2026 crypto forecasts despite institutional adoption gains
21shares is trimming its 2026 crypto forecasts, citing faster infrastructure advancements than price growth, with ETFs, stablecoins, and prediction markets maturing. Several 2026 targets have slipped, indicating a shift in the asset manager's expectations. This adjustment reflects the evolving crypto landscape, where infrastructure development is outpacing price appreciation, potentially impacting investor sentiment and market expectations.
Sophon sunsets its Layer 2 blockchain, moves to Base to build consumer apps
Sophon is shutting down its Layer 2 blockchain and transitioning to Base to build consumer apps, as part of a strategic shift. This move comes after raising $70 million in total funding. The Layer 2 blockchain's shutdown marks a significant change in Sophon's focus, now prioritizing consumer-facing applications, which may impact the broader Base ecosystem.