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Crypto security firm PeckShieldAlert reported via X that 40 major hacks in the industry during June resulted in total losses of $75.87 million. The figure represents a 7.13% decrease from the $81.7 million lost in the previous month. The largest losses came from Humanity Protocol (H) at $31 million, Syscoin Bridge (SYS) at $10 million, and the JaredFromSubway.eth MEV bot at $7.5 million. Additionally, attacks on Aztec Bridge and Aztec Connect resulted in combined losses of approximately $4 million. PeckShield noted that the Humanity Protocol hacker laundered the stolen funds across multiple chains, including Bitcoin, Solana, Hyperliquid, and BNB Chain. The firm also suggested a possible link between the perpetrators of the Humanity Protocol and KelpDAO attacks, as some of the stolen funds were mixed with proceeds from the latter incident.

Da Hongfei, co-founder of Neo (NEO), announced on X that the ecosystem will introduce its own stablecoin in the second half of the year. He also outlined other key objectives for the period, including: - Integrating Neo X brand assets and fully implementing an AI strategy - Securing support for the Neo X chain from two major centralized exchanges - Finalizing and executing a restructuring roadmap

U.S. Bitcoin spot ETFs saw a total of $4.5 billion in net outflows in June. According to Cointelegraph, this marks the largest monthly outflow on record. BlackRock's IBIT alone saw $3.55 billion in net outflows, accounting for 79% of the total.

Blockchain security firm SlowMist announced it has discovered an attack that steals cryptocurrency wallet information and private keys through fake trading bot repositories. In a post on X, SlowMist warned that installing developer packages disguised as legitimate programs can lead to the theft of sensitive data, including browser cookies, saved passwords, developer account information, mnemonic phrases, and API tokens. The firm advised that anyone who has installed a suspicious package should consider their device compromised. It recommended reissuing all credentials—such as wallets, private keys, npm tokens, and SSH keys—and rebuilding the development environment in a clean setting.

The value of tokenized assets on the XDC Network (XDC) has reached approximately $1.1 billion, Cointelegraph reported. Of this total, around $860 million consists of credit assets based on real-world assets (RWA), such as corporate bonds, trade receivables, and corporate loans.

Shin Hyun-song, governor of the Bank of Korea, has outlined a vision for tokenizing assets like stocks and government bonds, going beyond central bank money and deposits. According to The Korea Economic Daily TV, Shin stated at the ECB Central Banking Forum in Sintra, Portugal, that further consideration should be given to asset tokenization. He added that issuing and circulating government bonds on a unified ledger would support the central bank's core responsibilities of monetary policy and financial stability.

The total assets under management (AUM) on Bstocks, Binance's stock tokenization platform, have surpassed $1 billion, Cointelegraph reported.

Lorenzo Valente, Director of Crypto Research at Ark Invest, has expressed skepticism about the stablecoin consortium project OpenUSD. He noted that past consortium-based stablecoin projects like Diem and Global Dollar ultimately failed to build strong network effects, while the current market is dominated by Tether (USDT) and Circle (USDC) due to their liquidity and established networks. Valente argued that OpenUSD's joint governance structure is likely to lead to slow decision-making and high collaboration costs, creating governance problems similar to those faced by DAOs. He also pointed out that the project's economic model is unlikely to be sustainable in the long term, considering the costs of building infrastructure, providing incentives, and expanding its market presence. The comments follow an announcement from Governance OpenStandards, a group of over 140 payment and crypto firms including Visa, Stripe, Mastercard, BlackRock, BNY, DBS, Coinbase, OKX, and MetaMask, which revealed plans to launch the OpenUSD stablecoin for global fund transfers.

Citi has lowered its 12-month price targets for Bitcoin (BTC) and Ethereum (ETH), Reuters reported. A report from the bank explained that the cryptocurrency market has remained weak this year due to high volatility, spot ETF outflows, and investor attention shifting to large initial public offerings (IPOs). The report noted that both BTC and ETH are trading below their long-term moving averages, and ETF fund flows have shifted from net inflows to net outflows. Year-to-date, BTC spot ETFs have seen approximately $3.3 billion in outflows. Citi anticipates that buying from institutions and investors will likely be limited until a new bullish catalyst emerges. Other factors weighing on market sentiment include delays in crypto-related legislation, concerns that companies with digital asset strategies might sell their BTC holdings, and a capital rotation into AI-related assets.

Four addresses believed to belong to the same whale have opened a 20x long position totaling 800 BTC, valued at $46.88 million, according to ai_9684xtpa. The positions are currently showing an unrealized loss of $450,000.

Backpack EU, the European arm of crypto exchange Backpack, announced via X that it has secured a Markets in Crypto-Assets (MiCA) license and a Payment Institution (PI) license from the Central Bank of Latvia. Combined with its existing Markets in Financial Instruments Directive II (MiFID II) license, the company now holds three key licenses covering crypto, payments, and brokerage. This enables Backpack EU to offer services connecting on-chain and traditional financial markets to users across all 27 European Union member states.

Binance has announced that it will delist 12 spot trading pairs at 12:00 p.m. UTC on July 1. The affected pairs are BIGTIME/USDC, BTC/EURI, CTK/BNB, CTK/BTC, ETH/EURI, ETH/PLN, GUN/BNB, JST/BTC, ZEN/BTC, BTC/PLN, USDC/PLN, and USDT/PLN. The delisting for nine of these pairs, excluding BTC/PLN, USDC/PLN, and USDT/PLN, was moved up from the previously scheduled date of July 3.

According to data from CoinGlass, $1.05 billion in short positions on major centralized exchanges (CEX) face liquidation if BTC breaks above $60,062. Conversely, a drop below $57,078 would trigger the liquidation of $1.17 billion in long positions.

The number of new tokens issued on the Solana (SOL) blockchain reached an 80-day high of 47,619 on June 30, SolanaFloor reported on X. The number of token graduations, which refers to tokens meeting the requirements for listing on a decentralized exchange, also rose to 764 on the same day. Pump.fun (PUMP) accounted for the vast majority of these with 740, followed by LetsBongk with 17. SolanaFloor noted that the surge coincided with the launch of the ANSEM memecoin.

Bitcoin Core developer and maximalist Jimmy Song stated in a recent interview with Cointelegraph that the biggest misconception about Bitcoin is viewing it as a technology. He argued that Bitcoin should be understood as a form of better money, not better technology. Song added that he still considers all altcoins to be scams, expressing surprise that investors seem unconcerned when projects like Ethereum (ETH) and Solana (SOL) suffer hacking attacks. He suggested this indicates a preference for gambling over saving. He believes that while Bitcoin is currently outperforming altcoins, its ultimate victory will be achieved only when it becomes the world's reserve currency. Song also drew a parallel between the current state of AI and Bitcoin during its GPU mining era from 2010 to 2012. He predicted that the emergence of specialized chips, similar to ASICs, will drastically improve AI efficiency. As a result, he assessed that computing resources and capital now concentrated in AI will eventually shift back to Bitcoin, which he described as the most trustworthy asset.

Plume, a blockchain project focused on regulated real-world assets (RWA), announced on July 1 its launch of an RWA-based credit product in partnership with global crypto brokerage platform FalconX. The new offering, the FALX Structured Credit Facility (FALX) vault, brings FalconX's institutional lending strategy on-chain using Plume's Nest infrastructure. Under this model, institutional clients borrow funds against collateral, and the FALX vault distributes the resulting interest income to investors. The product is structured through on-chain private credit firm Pareto, with M11 Credit overseeing product management and operations.

South Korea’s Financial Services Commission (FSC) recently surveyed KRW-based virtual asset exchanges and their partner banks on the structure of real-name account issuance and the potential for accepting corporate clients, Financial News reported. The move comes as authorities prepare for the entry of corporations into the virtual asset market. The FSC is reportedly gathering industry feedback on how relaxing the current one-to-one partnership requirement could affect user numbers, KRW deposits, and average daily trading volume. According to the report, industry discussions include models such as one exchange partnering with multiple banks, one bank serving multiple exchanges, and linking crypto services through securities firms' Mobile Trading Systems (MTS).

Bitcoin's monthly chart has formed a Marubozu, a strong bearish signal, after the cryptocurrency fell by about 20% in June—its worst monthly performance since June 2022. According to CoinDesk, a Marubozu is a full-bodied candle with almost no wicks, which signifies that sellers controlled the market throughout the month. The pattern is typically seen as a signal that a strong downtrend will continue. This technical formation aligns with recent forecasts for further declines, with some analysts projecting a potential bottom for BTC between $48,000 and $55,000.

South Korea's Financial Services Commission (FSC) has referred two cases of alleged virtual asset market manipulation to law enforcement, Maeil Business Newspaper reported. The decision was made during the commission's 12th regular meeting on July 1. One case involves so-called "whale" investors who allegedly inflated a cryptocurrency's price on overseas exchanges before realizing profits on domestic platforms. The other involves individuals accused of using high-frequency, repetitive orders on a "kimchi coin" to create artificial buying pressure and manipulate its price. Financial authorities stated they plan to enhance information disclosure regarding the accumulation and disposal of assets by large-scale investors. They also intend to improve the market warning system to flag when trading becomes heavily concentrated in a small number of accounts.

Global cryptocurrency exchange MEXC has announced the listing of five U.S. stock token spot trading pairs in partnership with real-world asset (RWA) token platform Ondo Finance (ONDO). The newly listed assets include CCJON/USDT for uranium producer Cameco, TTMION/USDT for PCB manufacturer TTM Technologies, RMBSON/USDT for semiconductor and silicon IP firm Rambus, SYMON/USDT for AI automation company Symbotic, and KEELON/USDT for a data center and energy infrastructure company. MEXC stated it plans to gradually expand its stock token offerings through its collaboration with Ondo Finance. The exchange currently supports trading for over 160 futures products linked to traditional finance (TradFi).

Bitcoin could be poised for another parabolic bull cycle, according to CryptoQuant CEO Ki Young Ju. He noted on X that while this is possible, capital efficiency has declined compared to the past. In 2011, an inflow of $2.7 billion led to a 55,436% price increase, whereas the current cycle has seen a $697 billion inflow yield a return of only 689%. Consequently, large-scale capital allocation from institutional investors will be the key factor for the next bull market, he said. Ki Young Ju emphasized that Bitcoin must establish itself as a global macroeconomic asset rather than remaining merely an ETF investment target for retail investors. This transition is still in its early stages, and its potential remains intact, he added. He concluded that if Bitcoin can absorb over $1 trillion in funds based on its Realized Cap, the possibility of a parabolic bull run remains.

The current market for Bitcoin is in a worse state than during the February correction, driven by a combination of surging exchange inflows and investors selling at a loss, according to on-chain analyst Axel Adler Jr. In a blog post, he noted that BTC deposits to exchanges have climbed to 122,000 BTC, well above the annual average of 82,000 BTC. This trend typically signals increased selling pressure that could push prices lower. Furthermore, the Spent Output Profit Ratio (SOPR) has dropped to 0.99, falling below the key 1.0 baseline, which indicates that holders are now selling their BTC for a loss. Adler Jr. added that risk-off sentiment remains widespread in the market. He suggested that for a rebound to occur, the SOPR must first recover above 1.0 and exchange inflows need to stabilize around their annual average.

Bitcoin could continue its correction for approximately the next two months before bottoming out in September, according to an analysis by BIT. The firm explained that while July is typically a strong month for BTC, it has historically been followed by a two-month adjustment period. According to BIT, unlike last year when optimism surrounding the Genius Act supported the market, there is a lack of similar momentum this summer. The analysis notes that current trading volume is sluggish and downside risks remain high, limiting short-term upside potential. BIT concluded that the bottom for this cycle is likely to form around September, suggesting that strategies focused on stable profit generation are more suitable than directional bets.

Bithumb announced it will temporarily suspend deposits and withdrawals for Hippo Protocol (HP) starting at 3:00 a.m. UTC on July 6 to support a network upgrade.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 48.89% long, 51.11% short - Binance: 48.07% long, 51.93% short - OKX: 48.73% long, 51.27% short - Bybit: 49.37% long, 50.63% short