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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.

Bitcoin miner deposits to Binance surpassed 150,000 BTC in June, marking a four-month high, CryptoPotato reported, citing data from CryptoQuant. CryptoQuant explained that the increase in miner deposits to exchanges could be for realizing profits on their holdings or securing liquidity for operational costs. The firm noted that while not all BTC transferred to exchanges is sold immediately, it signifies an increase in potential selling pressure on the market. "If the market can absorb the additional supply without issue, it indicates strong buying pressure. However, in a weak demand environment, it could exert downward pressure on the price of BTC," CryptoQuant added.

Pro-cryptocurrency U.S. Senator Cynthia Lummis said she expects a final Senate agreement on the Clarity Act to emerge around the July 4 recess. Speaking with Fox Business, she stated her goal is to pass the bill in July, warning that a failure to do so could delay the legislation until 2030. CryptoSlate reported that for the bill to pass, it must be brought to the Senate floor in July and secure the votes of at least seven Democratic senators.

The correlation between MicroStrategy's (MSTR) perpetual preferred stock, STRC, and Bitcoin (BTC) has reached an all-time high, diminishing its appeal as a stable dividend product, CoinDesk reported. The 90-day correlation coefficient between STRC and BTC is now around 0.70, its highest level since the stock's launch in July 2025. This month, STRC has fallen approximately 23% to $76, while BTC has dropped about 20% to below $60,000. CoinDesk explained that while MicroStrategy can issue new shares to purchase more BTC when STRC trades above $100, its current price, well below par value, has made it difficult to raise additional funds. This recently led the company to sell a small amount of BTC to finance its dividend payments. Some investors view the discounted STRC as an opportunity for both dividends and capital gains should it recover its par value. However, others are concerned that a prolonged market downturn could put increasing pressure on MicroStrategy's capital structure.

Sui has launched its "Confidential Transfers" feature in public beta, the project announced on X. The new function is designed to keep transaction amounts and balances private. Sui explained that while traditional transfers expose this data to competitors, the new feature ensures complete privacy for transaction amounts through issuer management and role-based access controls.

Crypto exchange Kraken is negotiating to acquire a 15% stake in the crypto lending protocol Aave (AAVE), CoinDesk reported. The discussions reportedly involve Kraken investing approximately 35,000 ETH in exchange for 250,000 AAVE and a 15% stake in the common stock of the Aave Group. The deal is estimated to be worth around $71 million. This would be the first investment under a strategy by Kraken's parent company, Payward, to expand its asset management business as part of a plan to actively explore future opportunities in DeFi and other areas.

Binance announced it will delist its IP/USDT and IP/USDC perpetual futures at 9:00 a.m. UTC on June 27. The move is intended to support the rebranding of Story (IP) to Data Network.

Coinbase's Layer 2 network, Base (BASE), announced via its official X account that it is temporarily halting mainnet operations to resolve an issue with block production. Base added that all funds are safe.

Crypto analyst Shanaka Anslem Perera argued on X that the common market belief of funds moving from Bitcoin (BTC) to gold this year is incorrect. He noted that since the launch of spot BTC ETFs in 2024, net inflows have surpassed $53 billion, a pace that took gold ETFs approximately five years to match. During the recent market correction, spot BTC ETFs experienced about $4.4 billion in net outflows over 13 consecutive trading days. However, Perera asserted that these funds moved not to gold, but to AI and semiconductor-related stocks. Subsequently, as risk-off sentiment intensified, the capital shifted again to U.S. Treasurys and cash. He added that while gold ETFs also saw outflows, this was largely due to investors switching to lower-fee gold ETFs rather than moving capital into BTC.

Users on the decentralized prediction market platform Myriad are predicting a 77% probability that BTC will fall to $55,000 and then rebound to $80,000. For Ethereum, they see an 88% chance of a drop to $1,500 followed by a rally to $3,000.

According to CoinNess market monitoring, BTC has risen above $60,000. BTC is trading at $60,016.32 on the Binance USDT market.

Chris Sullivan, co-founder of crypto hedge fund Hyperion Decimus, believes Bitcoin is approaching a critical inflection point, CoinDesk reported. He noted that a rare alignment of four proprietary on-chain indicators has occurred for the sixth time in Bitcoin's 15-year history. The previous five instances all marked cycle bottoms. According to Sullivan, while all conditions have been met this time, one final pattern is pending. He predicts that within the next 90 days, Bitcoin will likely either break the key resistance level of $82,000 or experience a capitulation move down to $48,000 before rebounding. He added that despite Bitcoin's sluggish price performance, there are positive signs, including increased wallet activity, a rise in Bitcoin moving off exchanges, and continued strength in network metrics.

Bitcoin could face increased volatility as a massive options expiry approaches, with the cryptocurrency having already fallen to a 21-month low, Forbes reported. The price of BTC dropped to an intraday low of $58,131, its lowest level since last September. Approximately $10 billion in options are set to expire on June 27 on Deribit, the world's largest crypto options exchange. Forbes noted that market volatility could surge as traders simultaneously close existing positions and establish new ones. Separately, Coatue Management founder Philippe Laffont stated a preference for AI-related assets over Bitcoin, arguing that companies like SpaceX or those in the AI sector are likely to generate higher returns over the next 20 years.

Coinbase has announced that it will list spot CAP. A specific timeline was not provided.

Jiang Zhuoer, founder of the Chinese Bitcoin mining pool BTC.top, suggested that MicroStrategy (MSTR) is likely to significantly reduce or halt its BTC purchases for the next few months to focus on securing funds for STRC dividends. He noted that MicroStrategy has issued common stock for three consecutive weeks. While it purchased 1,500 BTC with some of the funds raised in the first two weeks, it recently doubled the size of its stock issuance but reduced its BTC purchase to 520 BTC. Zhuoer believes this indicates most of the capital was reserved for dividend payments. He added that STRC is preferred stock, not debt, and has no principal repayment obligation. With MicroStrategy's debt-to-equity ratio at around 10%, Zhuoer concluded that the company is unlikely to collapse unless a BTC bear market lasts for more than 10 years.

The depegging of Apyx's synthetic dollar stablecoin, apxUSD, has worsened, with its value falling to $0.80. The stablecoin is issued against STRC from MicroStrategy (MSTR) and SATA preferred shares from Strive (ASST).

According to CoinNess market monitoring, BTC has fallen below $59,000. BTC is trading at $58,985.33 on the Binance USDT market.

On-chain analytics platform Arkham has analyzed that while Strategy's (MSTR) preferred stock, STRC, has depegged, the situation is structurally different from the TerraUSD (UST) and Luna (LUNA) collapse. STRC recently fell to $76.2, about 25% below its par value of $100. In a post on X, Arkham explained that STRC is a perpetual preferred stock that pays an 11.5% annual dividend based on its $100 par value. With about 104.89 million shares currently issued, the annual dividend payments amount to approximately $1.2 billion. As of this week, Strategy holds reserves of about $1.4 billion. However, Arkham noted that the dividend payments are not a legal obligation. If the company were to face financial difficulties, it would not be required to prioritize dividend payments to STRC shareholders. Unlike the Terra ecosystem, a drop in the price of STRC does not create a mechanism that would cause Strategy to fail. Therefore, Arkham concluded that comparing the STRC situation to the Terra/Luna incident is not appropriate.

Story Protocol, a blockchain-based intellectual property (IP) protocol, has rebranded as the DATA Foundation to align with its shift toward an AI-centric business. According to Cointelegraph, the company plans to focus on building training data infrastructure for AI firms. Additionally, the foundation is launching "Trace," a registration system to verify the origin and licenses of AI training data on-chain, and will integrate with Kled, a provider of licensed datasets for AI training.

Google search interest in stablecoins has plummeted, while supply growth has also slowed, The Block reported, citing its own data. The publication noted that the Google search index for 'stablecoin' stands at 31 so far in June, a significant drop from 98 in May. This projects to a monthly index of around 45, representing a 54% decrease from the previous month. Search interest previously peaked in August 2025 amid discussions of the GENIUS Act and stablecoin-related announcements from Stripe, Visa, Mastercard, and major U.S. banks. Furthermore, the total stablecoin supply, which peaked at approximately $300 billion in early June 2026, has decreased by about $5 billion over the past three weeks. The supply has grown by only 0.23% since the start of the year, a marked slowdown from the 56% and 46% growth seen in 2024 and 2025, respectively.

Garrett Jin, founder of the fraudulent cryptocurrency exchange BitForex, is currently facing an unrealized loss of $21.12 million on a 5x leveraged long position of 1,268.33 BTC, according to data from ai_9684xtpa. The position's average entry price is $76,117, with a liquidation price of $16,962. The account noted that due to the very low liquidation price, there appears to be virtually no risk of liquidation.