Live Feed

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The upper section shows a Volume Heatmap, and the lower section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter in price ranges where the price lingers for an extended period or experiences significant movement. These brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by the size of the capital involved. As buy orders increase, the corresponding colored line on the chart rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large orders ranging from $1 million to $10 million.

The Altcoin Season Index from crypto data platform CoinMarketCap is currently at 47. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An "altcoin season" is declared if 75% of these top 100 coins have outperformed Bitcoin over the past 90 days. A score closer to 100 indicates a stronger altcoin season, while the opposite suggests a "Bitcoin season."

The South Korean government is improving its New Start Fund, a debt adjustment program for small business owners and the self-employed, by incorporating virtual assets into its review process, Yonhap News reported. Under the revised system, the debt reduction rate will be adjusted based on an applicant's repayment ability, which now considers their crypto holdings. Previously, the fund primarily verified debtors' income and assets through financial statements submitted by applicants and data accessible via public administrative information networks, a method that struggled to identify such investment assets. To address this, the fund has been utilizing virtual asset balance certificates in its property assessments since January of this year, following consultations with the five major South Korean crypto exchanges with won-denominated markets. Applicants identified as members of these exchanges are now required to submit these certificates directly.

Noted crypto skeptic Peter Schiff has claimed that MicroStrategy founder Michael Saylor's recent reduction in media appearances may be a strategic move to avoid shareholder lawsuits. Schiff suggested on X that Saylor's legal team has likely advised him to refrain from making public statements that could be used against him in court. He added that CNBC might also be hesitant to cover the issue for similar reasons.

Ark Invest, the U.S. asset manager and spot Bitcoin ETF issuer led by Cathie Wood, bought more shares of crypto-related companies on June 25 amid a market correction, The Block reported. The firm added to its holdings in Coinbase, Circle, Bullish, and Robinhood.

Following a drop in Bitcoin's price to the $58,000 level, analysts suggest that the $54,900 mark could serve as a key support level, potentially forming a base for the next bull cycle if liquidity recovers. In a contribution to CryptoQuant, on-chain analyst XWIN RESEARCH JAPAN noted that over $1 billion in positions were liquidated yesterday. The firm described the sudden crash not as an isolated event but as the cumulative result of increased selling from miners, a weak Coinbase premium, slowing ETF inflows, and reduced short-term demand. While over 11 million BTC have entered a state of unrealized loss, this is comparable to levels seen at major market bottoms in 2019, 2020, and 2022. The analysis added that long-term holders are still not selling, and accumulation addresses are consistently buying BTC, absorbing the supply from large investors who are panic-selling. Echoing this sentiment, on-chain analyst Carmelo Aleman identified $54,900 as the key support zone. He explained that this level represents a confluence of the average investor cost basis, mining costs, and the MVRV (Market Value to Realized Value) ratio. "If liquidity indicators like the Coinbase premium and nominal demand begin to recover around this price point, it could lay the foundation for the next upward cycle," Aleman stated, adding that periods of extreme fear in the BTC market have repeatedly served as starting points for subsequent rallies.

SharpLink (SBET), a Nasdaq-listed company with an Ethereum acquisition strategy, has withdrawn 5,000 ETH ($7.85 million) from FalconX, marking its first purchase of the asset in eight months, AmberCN reported. SharpLink now holds a total of 876,000 ETH, valued at $1.37 billion. The company's unrealized loss on its holdings amounts to $1.789 billion.

A new address starting with 0x66F has withdrawn 222,493 HYPE, worth $14.4 million, from Coinbase, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold. Meanwhile, another address starting with 0x643 withdrew 44,986 HYPE ($2.87 million) and 860.8 ETH ($1.35 million) from FalconX. This address currently holds 152,986 HYPE ($9.86 million) and 9,311 ETH ($14.58 million).

Benji Taylor, head of design at X, announced that the platform's financial app, X Money, has launched for some Premium Plus subscribers. According to a promotional video, the service supports rent payments, bank transfers, and peer-to-peer money transfers. However, there was no mention of cryptocurrency. Taylor is known for his extensive experience in crypto product development, having previously founded Los Feliz Engineering, the developer of the self-custodial crypto wallet "Family."

According to data from crypto options exchange Deribit, Bitcoin options worth $9.28 billion are set to expire at 8:00 a.m. UTC today. The put/call ratio is 0.69, and the max pain price—the level at which the largest number of option buyers would lose their premiums—is $71,000. Additionally, Ethereum options valued at $1.57 billion will also expire at the same time. The put/call ratio for these options is 0.51, with a max pain price of $2,000.

The Crypto Fear & Greed Index from data provider CoinMarketCap has fallen two points from yesterday to 16, indicating a deepening of "Extreme Fear" in the market. The index measures sentiment on a scale where 0 represents extreme fear and 100 signifies extreme optimism. CoinMarketCap's index is calculated based on factors including the price movements of the top 10 cryptocurrencies, market volatility, derivatives market data like the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

A newly created anonymous address, starting with 0xB704A, has withdrawn 14,944 ETH ($23.5 million) from the exchange WhiteBIT, according to Onchain Lens. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Cryptocurrency custody firm BitGo has laid off 85 employees, or 15% of its workforce, as it reorganizes to focus on security, stablecoins, payments, and AI infrastructure, BeInCrypto reported. Despite significant revenue growth last year, BitGo recorded a net loss due to low profitability and the decline in Bitcoin's price. The outlet added that a wave of restructuring is sweeping the crypto industry, noting that Coinbase laid off approximately 700 employees last May.

Sophon (SOPH) has announced it will shut down its Layer 2 chain and migrate to Base to focus on developing consumer applications. According to The Block, Sophon stated that it believes the era of cryptocurrency infrastructure has ended and that a project's value lies in its products rather than its infrastructure. The company anticipates saving approximately $3 million per year by discontinuing its chain operations. Going forward, the SOPH token will adopt a buyback-and-burn model based on product revenue. Sophon plans to build several applications on Base, including Pyre, XP, SophEarn, SophPlay, and SophAI.

Crypto investment firm Multicoin Capital believes Hyperliquid (HYPE) is undervalued and could see significant upside in the coming years, The Block reported. In a recent report, the firm argued that Hyperliquid is evolving beyond a simple derivatives exchange to handle all financial assets, making its current price of around $63 undervalued. The report projects that HYPE could surge to $319 if the platform generates approximately $8 billion in annual fee revenue by 2028. Currently, Hyperliquid records an annual revenue of $873 million and a trading volume of $2.9 trillion. Its user base has grown from 300,000 to 923,000 this year, while open interest has tripled from $2 billion to $6 billion. Multicoin Capital has been aggressively accumulating HYPE since February.

Crypto influencer Ansem, who has around one million followers, stated on X that while sentiment around Solana (SOL) is currently pessimistic, he believes the asset has bottomed out. He predicted that SOL will rise from $60 to $600 during the current market cycle. Ansem noted that the current pessimism is similar to when SOL was trading at $8 in 2023. He argued that if SOL could reach $297 in the last cycle with only memecoins, it has greater potential this time with the addition of consumer apps like CARDS and perpetual futures that could rival Hyperliquid (HYPE). According to CoinMarketCap, SOL is trading at $67.07, down 1.10% over the past 24 hours.

Coinbase's Layer 2 network, Base, announced on its official X account that it has resolved an issue related to block production. The project had temporarily halted its mainnet operations at approximately 4:27 p.m. UTC on June 25 due to the problem.

Aave founder Stani Kulechov has refuted rumors that the project is selling its tokens to Kraken at a 70% discount amid speculation about a potential acquisition. The statement follows a CoinDesk report that Kraken was in negotiations to acquire an approximately 15% stake in Aave for $385 million. While Kulechov acknowledged that discussions with an external institution had taken place, he asserted that the rumor of a discounted sale was false. He also unveiled plans to introduce Aavenomics 3.0, which will automate up to $50 million in annual token buybacks.

U.S. Republican lawmakers are feeling a renewed sense of urgency to pass the CLARITY Act, according to Eleanor Terrett, host of the crypto policy outlet CryptoInAmerica. She attributed this to mounting political pressure following a debate over a housing bill and the approaching deadline. Terrett explained that when senators return from recess on July 13, they will have only 20 working days to pass the bill in the Senate and send it back to the House before the August recess. However, she noted that several key issues, including ethics provisions in the bill, remain unresolved. Separately, Kristin Smith, head of the Solana Policy Institute, reported that active discussions are underway among the Senate, the White House, and crypto industry stakeholders, with key negotiators meeting daily. Prominent pro-crypto Senator Cynthia Lummis has previously stated her goal is to have the Senate pass the CLARITY Act in July.

StablecoinX, an Ethena infrastructure firm, announced that it will begin trading on Nasdaq starting today, June 26, under the ticker USDE. The company was listed through a merger with the special purpose acquisition company (SPAC) TGLY. StablecoinX holds approximately three billion ENA, representing 20% of the total supply and valued at $275 million.

An external partner of the prediction market Polymarket was hacked on June 25, resulting in the theft of $3 million in customer funds, Decrypt reported. According to an investigation by blockchain analytics firm Bubblemaps, fewer than 15 user accounts were affected. The hackers stole pUSD, a stablecoin used within Polymarket, and subsequently swapped it for Ethereum (ETH). Polymarket stated it has resolved the vulnerability and is in the process of fully compensating affected users. The identity of the external partner has not been disclosed. Decrypt noted that the incident follows a separate security breach last month in which a private key for an employee wallet was leaked, leading to a $700,000 theft. This has raised concerns that security vulnerabilities linked to Polymarket's external infrastructure need to be addressed.

Global asset manager Invesco has filed an application with the U.S. Securities and Exchange Commission (SEC) for a tokenized fund designed to manage stablecoin reserves, CoinDesk reported. The proposed "Invesco Stablecoin Reserve Onchain Fund" will invest in cash and short-term government bonds. It is set to operate on a public blockchain in partnership with tokenization specialist Superstate. The move follows similar fund applications from other major financial institutions, including BlackRock, State Street, and ProShares.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.00% - Nasdaq: -0.46% - Dow Jones: +0.14%

John Williams, president of the Federal Reserve Bank of New York, stated on June 25 that the current monetary policy stance is well-positioned to bring inflation back to its 2% target. Williams said that with inflation at a high level, it must be consistently brought back to the 2% long-term target, adding that the current policy is well-equipped to achieve this goal. He noted that inflation is "clearly at a high level" and significantly above the Fed's 2% target. While he expects inflation indicators to slow slightly over the next few quarters, Williams added that significant risks remain in achieving the central bank's dual mandate.

Federal Reserve Bank of New York President John Williams has delayed his expected timeline for achieving the Fed's 2% inflation target by one year, from 2027 to 2028.