Live Feed

An anonymous new address starting with 0xA708 has withdrawn 17,675 ETH, worth $28.58 million, from Binance, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

A drop below $58,000 for BTC could trigger the liquidation of $1.6 billion in long positions, according to on-chain analyst Reflection. The analyst stated that in his entire trading career, he has never seen such a concentration of long position liquidity in a single range. He explained that if the price falls below the $58,000 mark, more than $1.6 billion in long positions will be liquidated, potentially wiping out all the traders who had called a market bottom. However, Reflection added that the best time to buy is not when the market appears safe, but precisely in moments that seem most painful. He argued that once all the liquidity is exhausted, there is no significant selling pressure left, and that all past market bottoms have been formed in this manner.

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: 48.13% long, 51.87% short - Binance: 48.13% long, 51.87% short - OKX: 48.88% long, 51.12% short - Bybit: 49.61% long, 50.39% short

While Bitcoin continues its bearish trend, signs of a market bottom are emerging, Glassnode analyzed in its weekly report. The report noted that although BTC is trading below its True Market Mean Price of $77,000—the average cost basis for actively traded coins—the entry of new investors has lowered the short-term holder cost basis to $71,400. However, the average daily realized loss has also increased to $205 million. Currently, BTC faces resistance in the $66,800 to $70,700 range, though some buying pressure is being observed on Coinbase. Glassnode explained that the recent decline was led by the spot market, with the derivatives market following suit and triggering long position liquidations. Furthermore, a concentration of long gamma exposure in the options market between $60,000 and $64,000 is suppressing spot price volatility. This is one of the factors forming a support zone at the $60,000 level, the report added.

The Memecore (M) token plummeted over 80% today, falling from around $3 to $0.5 without any apparent negative news, CoinDesk reported. The outlet noted that no clear cause for the crash has been identified, such as a hack or a market-moving announcement. The report also highlighted that on-chain analyst ZachXBT had previously raised the possibility of insider manipulation during the token's rally in April. Today, the M token's price dropped from $2.92 to $0.51 on spot markets and fell as low as $0.4 on the Binance perpetual futures market. While the decline erased approximately $3 billion in market capitalization, the token's fully diluted valuation (FDV) remains around $7 billion. M is currently trading at $0.7046, down 75.23%, according to CoinMarketCap.

South Korea's KOSPI index recovered the 9,000 level during intraday trading for the first time in two trading days since June 23. SK Hynix, in particular, is trading at 2.96 million won ($2,130), up 14.73% from the previous trading day. The KOSPI is currently at 9,006.05, an increase of 6.32% from the previous session.

China's Supreme People's Procuratorate has sentenced a defendant, identified as Li Mobo, to death for laundering over 48 million yuan ($7.03 million) in cryptocurrency, Xinhua News Agency reported. The sentence followed an investigation into a large-scale cross-border drug smuggling and money laundering operation. The report noted that Chinese prosecutors are intensifying money laundering investigations to recover proceeds from drug crimes, having indicted more than 1,200 individuals on related charges between January 2025 and May 2026.

Bitcoin has established a support level at $59,000, but its next move could hinge on the U.S. May Personal Consumption Expenditures (PCE) data set to be released today, CoinDesk reported. According to the analysis, a higher-than-expected PCE reading could revive inflation concerns, increasing the chances of a Federal Reserve rate hike. This scenario would likely lead to a stronger U.S. dollar, creating a headwind for the cryptocurrency market. Conversely, if the data comes in below expectations, inflation fears would likely subside, potentially allowing BTC to rebound from the $59,000 support level.

Web3 investment firm Animoca Brands has made a strategic investment in stablecoin payment infrastructure provider AllScale, the company announced via X. In addition to the investment, Animoca Brands plans to collaborate with AllScale to introduce an AI agent-based payment system into its ecosystem. The size of the investment was not disclosed.

It is too early to expect a full-scale rebound for Bitcoin, according to Alex Kuptsikevich, a senior market analyst at FxPro, CoinDesk reported. He noted that BTC is currently trading near its 200-week moving average, pointing out that the last three times the cryptocurrency fell below this level, it was followed by a long-term bear market rather than a short-term rebound. Kuptsikevich predicted that if the key short-term support level between $61,800 and $62,000 is breached, Bitcoin could fall to $55,000.

With ETH trading at the key $1,600 support level, 10X Research has suggested that if this level is breached, the next major support zone would be $1,200, a level associated with the recovery following the FTX collapse. In a post on X, the firm explained that technically, ETH/USDT is trading below its seven-day and 30-day moving averages and has continued its bearish trend with a 7.4% decline over the past week. Key factors pressuring investor sentiment include organizational restructuring involving a 20% workforce reduction, financial concerns following the termination of an incentive program for core developers, and persistent outflows from spot Ethereum ETFs amid weak institutional demand. 10X Research added that with a lack of specific momentum this week, ETH will likely remain influenced by macroeconomic variables such as the Fed's hawkish stance, a strong U.S. dollar, and stock market volatility.

U.S. Ethereum spot ETFs saw a net outflow of approximately $30.3 million on June 24, according to data from Farside Investors. This marks the fifth consecutive trading day of net outflows. - BlackRock ETHA: -$8.1 million - Fidelity FETH: -$15.7 million - Grayscale Mini ETH: -$6.5 million

U.S. spot Bitcoin ETFs saw a net outflow of approximately $469 million (724.8 billion won) on June 24, according to data from Farside Investors. This marks the fifth consecutive day of net outflows. - BlackRock's IBIT: -$239.3 million - Fidelity's FBTC: -$120.8 million - Bitwise's BITB: -$27.5 million - Ark Invest's ARKB: -$50.7 million - Grayscale's GBTC: -$54.3 million - Grayscale's Mini BTC: +$23.6 million

Bitcoin spot ETFs have seen $6.4 billion in outflows over the past 30 days, marking the largest monthly net outflow on record, The Kobeissi Letter reported. This has reduced the cumulative net inflow for BTC spot ETFs over the past year to $5 billion, the lowest level since August of last year. The current figure is half of the $10 billion recorded in October of last year.

Polaris Share (POLA) has filed for a court injunction to suspend its delisting from the South Korean exchange Bithumb, the project announced via its official X account. The first hearing is scheduled for July 1. Polaris Share stressed that during the investment warning period, it had diligently submitted materials and provided explanations regarding its business progress, trading and adoption status, and overall community activity. Bithumb had previously announced the delisting, explaining that the materials provided by the foundation were insufficient to resolve the issues that led to the investment warning. The exchange stated that after a comprehensive review, it concluded the project did not meet the criteria for continued trading support.

MicroStrategy's (MSTR) unrealized loss on its Bitcoin holdings has surpassed $12.6 billion. The company currently holds 847,363 BTC at an average purchase price of $75,651, with its unrealized loss standing at $12.61 billion.

Binance has announced it will temporarily suspend deposits and withdrawals for VIC starting at 7:00 a.m. UTC on June 30 to support the token's network upgrade and hard fork.

Uniswap has launched a no-code auction feature that allows users to create and sell cryptocurrencies on the web without any coding knowledge, The Defiant reported. The feature distributes tokens at a single price based on bids, a method designed to prevent bot-driven front-running and price manipulation. Once a token sale concludes, a trading market is automatically opened on Uniswap. Aztec (AZTEC) previously raised $59 million using a similar method.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $399.34 million liquidated (80.28% longs) - ETH: $220.02 million liquidated (77.62% longs) - SOL: $44.26 million liquidated (84.51% longs)

An anonymous whale address starting with 0x1cb0b lost $14.11 million after being liquidated four consecutive times on an Ethereum (ETH) long position on Hyperliquid (HYPE), Hyperinsight reported. The address began opening the position yesterday at an average entry price of $1,661 and was immediately at a loss. When ETH briefly fell below $1,600, the position was forcibly liquidated four times, resulting in a total loss of 8,734 ETH. The address now holds less than $150,000 in stablecoins.

A whale address that profited approximately $237.7 million from the 2017 Basic Attention Token (BAT) initial coin offering (ICO) has become active after six years of dormancy to sell Ethereum (ETH), EmberCN reported. Over the past two days, the address sold 12,586 ETH for $20.59 million at an average price of $1,636. The whale initially invested 17,789 ETH in the BAT ICO in May 2017, receiving about 113.8 million BAT. Over the next two and a half years, the investor sold the BAT at an average price of $0.245, realizing a profit of around $237.7 million. The whale later used some of the proceeds to repurchase 27,586 ETH and currently holds 15,000 ETH, valued at $24.29 million.

Shinhan Bank announced on June 25 its participation in Project Pangea, a joint initiative with the European banking sector to test cross-border remittances using stablecoins backed by their respective national currencies. According to Digital Daily, the project aims to research and verify methods for sending and settling funds between South Korea and Europe using won- and euro-based stablecoins. Other participants include South Korean banks, Kybalion—a European banking entity promoting a euro-based stablecoin—SWIFT, Chainlink, and Fairsquare Lab.

Zetachain (ZETA), an AI-focused interoperability Layer 1 blockchain, announced today the launch of a new service allowing users to access all major AI models for free by staking ZETA tokens. According to the announcement on its official X account, stakers will earn AI credits in addition to their existing token rewards. These credits can be redeemed on AnumaAI, an AI-dedicated private memory layer built on Zetachain 2.0. The platform provides access to paid models including ChatGPT, Claude, Gemini, and Grok, which ZETA stakers can use at no cost by spending their accumulated credits.

Russia's cryptocurrency regulation bill has been delayed beyond its scheduled implementation date, local media outlet Bits media reported. Alexei Yakovlev, director of the Financial Policy Department at the Russian Ministry of Finance, stated that the bill is awaiting its second reading but faces a delay. He added that the State Duma's Financial Market Committee plans to review the bill in the coming weeks, making it virtually impossible for it to pass before July 1. The Russian Central Bank had initially planned to finalize detailed regulations in the third quarter and allow crypto trading under the new rules from the fourth quarter. The new framework is designed to regulate cryptocurrency transactions at the same level as bank transfers.

OKX announced it will list CARDS for spot trading at 1:00 p.m. UTC on June 25.