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A new address has withdrawn 1,683 BTC, worth approximately $104.87 million, from Binance, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Decentralized prediction market platform Kalshi has added India to its list of restricted countries, Cointelegraph reported. According to its revised terms of service, residents of 55 countries and regions, including India, are now barred from accessing the platform. The move follows a warning from India's Ministry of Electronics and Information Technology to VPN providers, urging them not to facilitate access to illegal and blocked online betting and prediction market platforms. Other countries, including Singapore, Poland, Portugal, Hungary, Ukraine, and Brazil, have also blocked or banned prediction market platforms such as Kalshi and Polymarket.

Only four of the eight projects that conducted a Token Generation Event (TGE) following an airdrop in the second quarter have seen their market capitalization increase, according to data from Cryptorank. The projects that experienced growth are Genius (GENIUS, 120%), o1 Exchange (O, 77.9%), Billions (BILL, 73.0%), and Re Protocol (RE, 64.5%). In contrast, Zentry (AI) and Fluent (BLEND) saw their market caps fall by 65.2% and 56.8%, respectively.

Swiss banking giant UBS Group has completed a compliance-related proof-of-concept (PoC) on the Ethereum network in collaboration with Ethereum execution client Nethermind, Cointelegraph reported. The trial, which took place on the Sepolia testnet, did not involve any real transactions.

Agustín Carstens, former General Manager of the Bank for International Settlements (BIS), has stated that stablecoins can promote financial inclusion and innovation. According to Cointelegraph, he said that stablecoins could contribute to expanding financial innovation, broadening financial inclusion, and reducing costs. Carstens added that an environment must be created where fiat currencies and stablecoins can coexist.

Enterprise blockchain data platform Allium has raised $40 million in a Series B funding round led by Amplify Partners, Fortune reported. Allium provides a service that refines complex blockchain data, making it easier for institutional investors to utilize. The company currently supports clients including a16z Crypto and Coinbase. It anticipates that demand for its data will grow in the future, driven by an increase in financial transactions between AI agents.

Lido (LDO) announced it has withdrawn official status for its wstETH bridges on nine networks, including zkSync, Mantle, and Polygon PoS. The DAO assured users that assets held on these chains are safe and that no action is required. It clarified that the bridge services are not being discontinued and the token's validity remains unchanged. Users can continue to hold, transfer, or move their wstETH to Ethereum as before.

Upbit has announced the temporary suspension of deposits and withdrawals for ZeroG (0G), effective from 11:00 a.m. UTC on June 25.

Iran will limit the number of ships passing through the Strait of Hormuz to a specific number each day, Iranian media outlet Fars News reported, citing a military source. The exact number of vessels permitted will be adjusted daily based on the prevailing situation.

BTC's implied volatility is holding at relatively low levels ahead of the $10.5 billion quarterly options expiry, according to an analysis by crypto derivatives exchange Deribit. The Deribit Volatility Index (DVOL) is currently at 41.5%, a significant drop from its 90% level in February of this year. Low implied volatility in BTC suggests that traders do not expect large price swings in the near future. This, in turn, lowers option premiums, reducing the cost of hedging or making directional bets. In an interview with CoinDesk, Deribit Chief Business Officer Jean-David Péquignot assessed that while BTC volatility is low compared to historical levels, it is not at an extreme low.

The U.S. Office of the Comptroller of the Currency (OCC) has proposed a new rule that would apply the Bank Secrecy Act and the GENIUS Act to stablecoin issuers, PYMNTS reported. The proposal would require these firms to establish Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) programs. Additionally, they would need to comply with reporting requirements from the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC).

U.S. President Donald Trump stated that an agreement has been reached to keep the Strait of Hormuz open without any further maritime blockades. He added that Iran has consented to long-term nuclear inspections, which he described as a key condition of the negotiations.

The cryptocurrency market is showing weakness due to a sell-off in U.S. tech stocks and an accelerating rise in the Dollar Index (DXY), CoinDesk reported. The media outlet explained that the decline appears to be driven by short-side leverage in the derivatives market, with defensive sentiment against downside risk persisting in the options market ahead of Friday's expiration. Despite the overall market weakness, some privacy altcoins have performed well. Attention is also turning to a potential technical rebound as the market's average Relative Strength Index (RSI) enters oversold territory.

Oman and Iran have issued a joint statement emphasizing their sovereign rights within the territorial waters of the Strait of Hormuz. The two nations also affirmed their commitment to ensuring safe passage through the strait.

Japanese financial giant SBI Group will issue a yen-pegged stablecoin, JPYSC, this week, Nikkei reported. The issuance will be managed by SBI Shinsei Trust Bank, with trading support provided by crypto firm SBI VC Trade. The stablecoin was co-developed with Singaporean fintech firm Startale Group.

Excessive leverage in the cryptocurrency market has been largely resolved, according to an analysis by crypto market maker Wintermute. The firm noted that consistent BTC purchases by Strategy have also eased potential selling pressure. However, Wintermute cautioned that demand from major buyers like ETFs and Strategy has weakened considerably compared to the past. If the structure of capital inflows does not improve, the market is likely to remain range-bound for the foreseeable future, the firm added.

The Lebanese militant group Hezbollah said in a statement that an Israeli attack on southern Lebanon violated their ceasefire agreement.

MyTonWallet, a wallet within the Telegram ecosystem, has announced its rebranding to My Wallet and will now support 11 blockchain networks. The wallet offers portfolio tracking, fee-free transfers, transaction simulations, and a built-in AI agent.

Wang Chun, co-founder of F2Pool, the world's fourth-largest Bitcoin mining pool, has purchased $4.57 million worth of BTC and ETH over the past 24 hours, according to on-chain analyst ai_9684xtpa. An address presumed to belong to Wang Chun withdrew 50 wBTC at an average price of $62,260 and 822.51 ETH at an average price of $1,771.89.

The European Parliament's economic committee has passed a regulatory proposal for the digital euro, according to officials.

An anonymous whale has opened a 20x long position on Hyperliquid with 27.9 million XRP ($30.9 million), Onchain Lens reported. The position's liquidation price is $0.923947. The whale also holds a 20x long position in 809.9 BTC, valued at $50.6 million.

Bithumb has announced that it will temporarily suspend deposits and withdrawals for ZeroG (0G) starting at 9:00 a.m. UTC on June 25 to support a network upgrade.

An anonymous whale, dormant for seven months, has deposited 2,010 ETH ($3.3 million) to Binance, Onchain Lens reported. The address currently holds 8,016 ETH ($13.24 million) and has previously withdrawn a total of 10,026 ETH. The total estimated loss is around $12.7 million.

Iran's ambassador to Geneva stated that the Strait of Hormuz is fully open to merchant ships and that large quantities of crude oil are currently being transported through the waterway, according to the state-run Iranian Students' News Agency (ISNA).

An anonymous whale address starting with 0x9137b has opened a short position of 554,680 SOL, worth $38.14 million, on Hyperliquid (HYPE), Onchain Lens reported. The position has an average entry price of $69.23 with 20x leverage and a liquidation price of $84.88. The same address also holds an 11x leveraged short position on ETH worth $4.25 million, with an entry price of $1,680 and a liquidation price of $5,134.3.