Live Feed

KOSDAQ-listed companies with digital asset treasuries (DAT) that profit from virtual asset investments are facing delisting risks ahead of revised listing regulations set to take effect on July 1, the Chosun Ilbo reported. Under the new rules, which begin in the second half of the year, stocks whose price or market capitalization falls below a set standard for 30 consecutive trading days will be designated as administrative issues. After being designated, they are given a 90-trading-day recovery period, but delisting is confirmed if they fail to meet the standard for another 45 consecutive days. The assessment is that with virtual asset prices falling in both the first and second quarters, it has become difficult for DAT companies to maintain their listings as they must report large-scale valuation losses.

Institutional financial services firm FundBank has changed its name to IRACE Digital and announced the acquisition of Cayman Islands-based Tenet Bank. The company plans to expand its business from its existing institutional financial services to include digital asset custody, liquidity management, and execution services. The acquisition price was not disclosed.

XRP's daily active addresses have increased by 36% in two weeks, a trend that diverges from its recent price decline, The Crypto Basic reported. Citing Santiment data, the report noted that active addresses grew from 27,205 on June 14 to 37,202 on June 28. Despite XRP's price falling 43% year-to-date and 21% this month, the outlet suggested that the steady number of active addresses, hovering around 38,000, indicates sustained demand for the XRP Ledger's infrastructure. The report also highlighted CryptoQuant data showing active receiving addresses at 39,916, significantly outnumbering the 12,676 active sending addresses, which could point to accumulation through exchange withdrawals and peer-to-peer transfers. With XRP currently trading around $1.04, The Crypto Basic identified the next major support levels at $0.80 and $0.62 should the downtrend continue.

Ukrainian prosecutors announced via Telegram that they have begun state-level management of $8.3 million in Tether (USDT) seized from a criminal organization. According to Decrypt, prosecutors stated on June 27 that the USDT, confiscated from a suspect believed to be part of an international hacking group, has been transferred to a cryptocurrency wallet managed by the Asset Recovery and Management Agency (ARMA). Ukrainian officials emphasized that this marks the first time seized cryptocurrency has been formally integrated into the country's state management system.

The Singapore International Commercial Court (SICC) has found Terraform Labs and its founder Do Kwon liable for fraud in a lawsuit related to the 2022 collapse of TerraUSD (UST), Bloomberg reported. The court ordered the defendants to pay over $3 million in damages to 40 plaintiffs who had filed a class-action suit. The ruling came during a second hearing in a case initially brought by a total of 275 plaintiffs who claimed losses from the UST collapse. The court recognized the defendants' fraudulent actions, leading to the damages award for the group of 40.

Derivatives data from futures and options markets indicates that the cryptocurrency market could continue to decline in the coming months, according to an analysis by CoinDesk. The report noted that the Cumulative Volume Delta (CVD) for the top 25 cryptocurrencies has turned negative, suggesting that short sellers are currently in control of the market. On the Deribit exchange, buying activity has been concentrated in put options, which are used for downside protection and bearish bets. CoinDesk also highlighted that approximately $1 billion in put option open interest is clustered around the $60,000 level. A break below this support could set the next downside target at $50,000. Market strength has been further weakened by over $200 million in futures liquidations over the past 24 hours, primarily affecting long positions that were betting on a price increase. The altcoin market has also stalled in response to these bearish signals from Bitcoin derivatives, failing to find clear rebound momentum and adopting a wait-and-see approach.

According to Coinglass data, if Bitcoin breaks through $60,697, short positions worth $502.05 million will be liquidated across major centralized exchanges (CEX). Conversely, a drop below $58,841 would trigger the liquidation of $383.61 million in long positions.

The first on-chain signal of a potential Bitcoin bottom has been observed, according to on-chain analyst MorenoDV. He noted that the Bitcoin UTXO block profit/loss ratio has dropped to a level historically associated with market bottoms. However, he clarified that this does not mean a bottom has already formed. For a stronger signal to emerge, the 365-day moving average would need to show a much steeper decline. In other words, the current bear market could still face additional declines and market shocks before it is completely over, he explained.

Decentralized exchange (DEX) Aster (ASTER) announced via X that it has completed its first token buyback and team supply burn as part of a recent tokenomics upgrade. Since June 17, the project has used 99% of its daily fees to buy back 2,937,125.53 ASTER, valued at $1.855 million. An equivalent number of tokens were also burned from the team's allocation. The repurchased tokens will be used for future staker rewards. Previously, Aster announced it would increase its fee revenue allocation for buybacks and burns to 198%, with 99% designated for buying back ASTER for staking rewards and an equal amount burned from the team's supply.

According to Onchain Lens, a whale investor holding 2,510 BTC, worth approximately $160 million, has purchased an additional 340 BTC from Binance. The transaction is valued at around $20.34 million.

Metaplanet, a Japanese firm focused on strategic Bitcoin acquisition, has announced a long-term plan to purchase 1% of Bitcoin's total supply. To achieve this goal, the company intends to buy an additional 169,823 BTC.

Decentralized cryptocurrency exchange Aster (ASTER) has announced a USDF reward campaign for traders of ANSEM, SOL, and PUMP. According to its official X account, the campaign will run from 8:00 a.m. UTC on June 29 to 2:00 p.m. UTC on July 6, with a total reward pool of 10,000 USDF. The top trader by volume will receive 2,000 USDF, while tiered rewards will be distributed to those ranking from second to 10th. Additionally, a separate pool of 5,000 USDF will be equally distributed among all other participants who are not in the top 10 and have a market order trading volume of over $10,000.

Rafael Schultze-Kraft, co-founder of on-chain analytics firm Glassnode, noted on X that institutional investor demand is failing to absorb the new supply of Bitcoin, increasing supply-side pressure on the market. He argued that an inflow of institutional funds is necessary for any further BTC rally. Over the past month, spot BTC ETFs have seen a net outflow of 71,600 BTC, while Digital Asset Treasuries (DATs) have only made net purchases of 7,500 BTC. Factoring in newly issued coins, Schultze-Kraft calculated a net supply of approximately 77,000 BTC hitting the market. He explained that until this figure turns positive again, any BTC rebound will have to contend with persistent net supply pressure.

Iranian President Pezeshkian has stated that Qatar should release $6 billion of the $12 billion in Iranian assets it has frozen, according to Iran's state-run IRNA news agency.

Cryptocurrency exchange BitMEX, which is currently pursuing a sale, has replaced its CEO and other key executives, BlockBeats reported. According to the report, CEO Stephan Lutz, Chief Financial Officer Ina Steiner, and Chief Growth Officer Raphael Polansky have all resigned. Peter Wilkinson, the former Global Head of Legal and Chief Operating Officer at BitMEX, has been appointed as the new CEO. None of the executives involved have issued an official statement on the matter.

A bill has been introduced in South Korea's National Assembly to include virtual assets and certain overseas financial assets when calculating income for basic pension eligibility, Pinpoint News reported. The move addresses fairness concerns that these assets were previously excluded from property assessments. Representative Seo Young-seok, a member of the assembly's Health and Welfare Committee, announced on June 29 that he had proposed the partial amendment to the Basic Pension Act.

Grayscale has identified the passage of the CLARITY Act in the U.S. and the Federal Reserve's monetary policy as key variables that will determine the future price of Bitcoin (BTC), according to a recent report. The report suggests that if the CLARITY Act, a bill on the market structure for digital assets, passes the Senate, MicroStrategy (MSTR) strengthens its financial structure, and the Fed pauses interest rate hikes, BTC may have already neared its bottom. Conversely, if the bill does not pass this year, digital asset treasury firms (DATs) continue to deleverage, and the Fed raises rates due to inflation, BTC could experience further declines.

Bithumb announced it will temporarily suspend deposits and withdrawals for Casper (CSPR) starting at 10:00 a.m. UTC on June 30 due to a network upgrade.

Crypto analyst Darkfost noted on X that a recent inflow of 550,000 BTC, valued at $33 billion, to Binance and OKX marks the largest deposit to exchanges since the 2023 bear market. He explained that selling pressure from investors has sharply increased as Bitcoin has continued to trade sideways since February and recently fell below the $60,000 level. More than 220,000 BTC flowed into Binance deposit addresses, while over 330,000 BTC was sent to OKX. Darkfost pointed out that these figures are significantly higher than the average annual inflows of approximately 60,000 BTC for Binance and 95,000 BTC for OKX. He added that such large-scale exchange inflows often precede selling activity. Currently, investor sentiment is unstable, caught between the fear of missing out (FOMO) on a potential rally and the fear of further losses, the analyst concluded.

The premium on Tether (USDT) in India has surpassed 8.5% amid a deepening supply shortage, The Economic Times reported. This premium, which typically hovers between 3% and 4%, surged after India's Enforcement Directorate (ED) cracked down on overseas remittance companies using the stablecoin. On Saturday, the local price of USDT in India reached 102.88 rupees, significantly above the official dollar-rupee exchange rate of 94.65. USDT has been a popular remittance method for Indians living abroad, offering a faster and cheaper alternative to traditional banking. However, the ED has intensified its crackdown, arguing that cross-border transfers via cryptocurrency violate the Foreign Exchange Management Act (FEMA), which has caused a sharp decline in USDT inflows into the country.

Josh Swihart, co-founder of Zcash and founder of ZODL, announced that the development team will jointly establish the project's future direction over the next few weeks. The core objective is to break through all centralization barriers, with a focus on reducing reliance on centralized intermediaries and strengthening privacy and self-sovereignty. In line with this, ZODL Mobile has released version 3.7.0, which supports multi-server transaction broadcasting, enhanced Android security, and integrated trading via the Maya DEX. Development of a macOS prototype has also begun. On the core research and development front, Zallet 0.1.0-alpha.4 has been released, and work is underway on the NU6.3 upgrade and the Ironwood migration.

While trading volume on Hyperliquid related to traditional financial markets drops to about one-sixth of weekday levels over the weekend, Sunday's volume is more than 60% higher than Saturday's, according to an analysis by Hyperinsight. The average daily trading volume this past weekend was approximately $590 million. Specifically, Saturday saw $338 million in volume, while Sunday recorded $654 million. The share of HIP-3 trading in Hyperliquid's total volume also decreased to 36.4%. Hyperinsight suggested this trend is likely due to traders opening early positions on 24-hour on-chain markets like Hyperliquid for anticipatory trading ahead of the Monday market open.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $82.74 million liquidated (81.62% longs) - ETH: $45.98 million liquidated (73.67% longs) - SOL: $10.32 million liquidated (55.39% longs)

South Korea's Ministry of Science and ICT is teaming up with the Korea Internet & Security Agency (KISA) and local governments to support domestic blockchain companies' expansion into the European market, Dailian reported. A delegation including 23 blockchain firms, alongside officials from the ministry, KISA, and the cities of Busan and Daegu, will attend 'GITEX AI EUROPE 2026' in Berlin, Germany, from June 30 to July 1. The government aims to help these companies establish local cooperation networks and achieve tangible results.

South Korea's Consumer Dispute Resolution Commission has ordered crypto exchange Bithumb to pay 100,000 won to each applicant of a disputed promotional event, Dong-A Ilbo reported. The case involves a promotion that began on Nov. 10 last year, offering first-time API traders a full fee rebate and a 100,000 won support payment. Bithumb later added a clause excluding one-time trades made solely to claim the reward, subsequently denying payment to some participants. The commission ruled that this change was the introduction of a new condition, not a clarification of existing terms. If the order is applied to all of the approximately 30,000 applicants, Bithumb could face a total payout of 3 billion won (about $2.2 million).