Latest Crypto News & Market Updates

HYPE whales pull $23mln from exchanges – Next targets $66 and…

Large holders increased their exposure to $HYPE as the token traded near the key $60 support area.　　According to Lookonchain, a newly created wallet withdrew 278,827 $HYPE worth approximately $17.45 million from Coinbase Prime.　　Shortly afterward, wallet 0x2386 returned after a month-long pause and removed another 96,930 $HYPE valued at roughly $6.01 million from BitGo.　　Together, the transactions accounted for more than 375,000 $HYPE and over $23 million in withdrawals.　　Rather than moving tokens onto exchanges, both wallets transferred assets into private custody.　　This behavior reduced the immediately available supply and highlighted growing conviction among larger market participants.　　The timing also attracted attention because the accumulation occurred while Hyperliquid [$HYPE] traded directly above one of its most important technical support zones.　　$HYPE retail activity remained muted despite whale demand 　　Retail participation remained subdued even as whale activity accelerated.　　The retail activity through Trading Frequency metric continued signaling “Few Retail,” indicating that smaller traders had not entered the market aggressively despite the sizeable withdrawals.　　That divergence suggested larger investors drove recent positioning around $HYPE.　　Unlike rallies fueled by widespread speculative demand, the current structure reflected accumulation from a relatively small group of market participants.　　In addition, the lack of retail involvement indicated that market conditions had not reached euphoric levels.　　Although muted retail

06-25Exchange

3 explosive signals that Bitcoin is headed for a major plunge! Is $57K next？

Bitcoin [$BTC] is up 0.53% in the past 24 hours but trades in a 3% drawdown over the past seven days. The cryptocurrency has struggled to reclaim its initial strength that took it above $80K in mid-May.　　In fact, a couple of metrics show that Bitcoin price is more likely to drop than reclaim higher levels. However, this prediction is not certain, but when many indicators rhyme, such moves tend to align.　　Liquidation data suggest more decline　　For instance, the liquidation data from the 30 major exchanges over the past month show a cluster of orders at $57,300. This zone rests well below the current levels.　　Worth noting, there is another massive liquidation cluster at $70K, which is a bit far compared to the $57.3K level.　　Since price tends to follow liquidity in close proximity, $BTC may drop to $57.3K. However, for such to happen, $BTC has to lose more strength.　　Source: Alphractal　　Of the cluster below current price action, the lowest significant cluster is at $47,300, which is also a possibility.　　What‘s reinforcing $BTC’s drop？　　Apart from the liquidity magnet resting below, Bitcoin has broken below the Rainbow Chart for the second time in history.　　Since inception, $BTC has traded with the Rainbow Chart channel, but in 2022, it

06-25Exchange

Is This the Hidden Reason Behind Bitcoins $23K Collapse in Just 6 Weeks？

The old saying – sell in May and go away – proved to be right once again for the cryptocurrency markets. It was just six weeks ago when bitcoin had evidently reclaimed the $80,000 level and even surged to a multi-month peak at almost $83,000. The sentiment was gradually improving and there were even calls for $100,000 by the summer.　　However, the tides turned viciously and the asset was rejected vigorously. Its decline since then has been nothing short of painful, dumping below $60,000 earlier today for the second time in June.　　Is This Why？　　Popular analyst Ali Martinez brought out the Coinbase Premium metric earlier today as the markets were crashing to fresh low. CryptoPotato reported when $BTC dumped below $60,000 but managed to maintain above the $59,000 level and has now reclaimed the former.　　According to Martinez, though, the metric that stands out the most for the past six weeks or so is the one that tracks how much $BTC costs on Coinbase compared to Binance. In general, if the Premium is in the green, it means US investors (typically institutions) are accumulating bitcoin en masse on Coinbase, pushing its price there above the levels on international exchanges.　　However, the last 46 days

06-25Exchange

Bitcoin – BTC sticks to $62K as $1B Binance leverage wipes out

At press time, Bitcoin traded around $62,400 after yet another wave of selling pressure on the market. The decline was accompanied by a significant decrease in derivatives exposure for major exchanges.　　Binance experienced the largest move, with a 7-day Open Interest decline of over $1 billion. However, the comparison between the reported decline and the cited Open Interest figure requires verification.　　Source: CryptoQuant　　Meanwhile, Gate.io previously recorded a low near -$777 million, highlighting how concentrated the latest deleveraging has become. Yet the flush has cleared much of the speculative excess beneath the price.　　Most downside liquidity clusters have already been swept, reducing immediate downside attraction.　　Nevertheless, Coinbase Premium remained negative near -0.13, showing U.S. Spot demand had not returned decisively.　　Therefore, while leverage pressure has eased, Bitcoin still lacks the buying conviction needed to sustain a broader recovery toward overhead liquidity zones.　　Spot volume fails to confirm demand　　The decrease in Exchange Inflows aligned with a downturn in overall trading on Binance. Although Bitcoin is currently consolidating at levels near $62,000 – $63,000, there has been a significant increase in market participation.　　Notably, Binances spot-to-perpetual ratio Z-score has declined to -1.67, which historically represents an extremely high level for spot demand. Nevertheless, activity behind this indicator suggests otherwise.　　Source: CryptoQuant　　Spot

06-25Exchange

Ethlabs Will Overlap with the Ethereum Foundation and Draw Its 'Densest Talent,' Funders Say

Ethlabs, a new Ethereum research lab backed by the networks two largest corporate holders, launched this week with a pitch to complement the Ethereum Foundation.　　Its own funders concede it will also compete as Ethlabs is “playing to win.”　　“I think they will be complementary,” Joseph Chalom, chief executive of Sharplink and a former longtime BlackRock executive, said of Ethlabs and the Foundation on a livestream The Defiant hosted this week. He then added that the two would “over time” be “in some ways overlapping,” with “the densest talent” concentrated at Ethlabs.　　Where the Mandates Meet　　The overlap is visible in what each group says it will do. The Foundation reorganized this week into five units, including a protocol layer focused on scaling and hardening Ethereums base layer and an institutional layer aimed at enterprise adoption. Ethlabs describes its own work in nearly the same terms: faster settlement, cross-chain interoperability and readiness for institutional and AI-driven activity. Both invoke credible neutrality and censorship resistance.　　Victor Bunin, a protocol specialist at Coinbase who is listed as an Ethlabs contributor, said the rivalry is built into how Ethereum ships code.　　“Theres a natural competition between every single EIP, every single effort that goes into it,” he said, using

06-25Exchange

Bitcoin retests June low after $850M liquidations rock crypto market

Bitcoin has fallen below $60,000 for a second time this month, triggering more than $850 million in crypto liquidations and sending Strategy shares to an intraday low of $92.28 as investors reacted to mounting pressure across digital assets and technology stocks.　　According to data from crypto.news, Bitcoin ($BTC) price dropped nearly 6% to an intraday low of $59,175 before trading around $59,500 at press time. The move wiped out more than $850 million in leveraged positions, with long traders accounting for roughly $780 million of the total and short liquidations contributing about $84 million.　　Selling quickly spread across major cryptocurrencies. Ethereum fell below $1,600 and traded near $1,590, while Solana slipped under $65 and XRP changed hands around $1.05. The total value of the crypto market declined to approximately $2.1 trillion, leaving the sector down about 3.6% on the day.　　Bitcoin tests a key technical support zone　　Technical indicators suggest Bitcoin has returned to a level many traders have been watching closely. The daily chart shows Bitcoin falling through a major support level and revisiting support around $59,200, a zone that aligns with the June lows.　　$BTC falls to June lows near $59,200 while trading below key moving averages on the daily chart | Source:

06-25Exchange

'Painful' Bitcoin Sell-Off Drags Ethereum, XRP and Dogecoin Lower as Crypto Stocks Dive

In briefBitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it.The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said.As $XRP fell, it risked slipping below $1 for the first time since just after President Trumps reelection.　　Investors continued to dump digital assets on Wednesday, aggravating a sell-off that pushed Bitcoins price to its lowest point in 21 months.　　The leading digital asset by market cap fell as low as $59,2175 before firming to $60,700, a 2.7% decrease over the past 24 hours, according to CoinGecko. The performance echoed signs of pressure on Wall Street and put Bitcoin on track for its third straight daily decline.　　As the original cryptocurrency plunged, so too did various altcoins, with Ethereum showing a 3.1% decline to $1,610. $XRP and Solana also wavered, falling 3.1% to $1.07 and 2.6% to $67, respectively. Dogecoin dropped 4.6% to 7.5 cents over the same period.　　For $XRP, the slump threatened to push the digital asset under $1 for the first time since shortly after President Donald Trumps 2024 reelection win. For Dogecoin, the fall earlier Wednesday thrust the first meme coin to its lowest levels since

06-25Exchange

CFTC sues Kentucky over Kalshi and Polymarket crackdown, breaking the blue-state-only pattern

The Commodity Futures Trading Commission (CFTC) filed a one-count complaint against Kentucky on Tuesday, June 23, to block the state‘s enforcement actions against Kalshi and Polymarket. The lawsuit names the Commonwealth of Kentucky, Governor Andy Beshear, Attorney General Russell Coleman, Department of Revenue Commissioner Thomas Miller, and the Kentucky Racing and Gaming Corporation as defendants. It asks the court to declare Kentucky’s prediction-market laws unconstitutional and to bar their enforcement.　　The complaint calls Kentucky‘s actions “the latest entries in Kentucky’s campaign to banish prediction markets from within their borders.” Kentucky becomes the ninth state the CFTC has sued in its campaign to assert exclusive jurisdiction over event contracts, after Illinois, Arizona, Connecticut, New York, Rhode Island, Wisconsin, Minnesota, and New Mexico.　　Prior targets included governors and attorneys general who were Democrats. In contrast, Kentucky does not follow this trend. While Beshear is a Democrat, Coleman is a Republican attorney general, which makes him the first such attorney general to face a CFTC suit.　　Colemans June 17 suit triggered the federal response in six days　　Coleman filed separate lawsuits against Kalshi and Polymarket on June 17 in Franklin Circuit Court, accusing both platforms of running unlicensed sportsbooks under Kentucky gambling law. “Kalshi and Polymarket are

06-25Exchange

Europe's MiCA Regulation: What It Is & Why It Matters

MiCA is the European Unions single rulebook for crypto. It applies a single set of licensing, disclosure, and consumer-protection rules across all 27 member states, replacing the patchwork of national regimes that have governed the industry for years. Formally Regulation (EU) 2023/1114, it is the first comprehensive crypto framework adopted by a major jurisdiction.　　The reason it matters right now is that the final transitional window closes on July 1, 2026. After that date, any firm serving EU clients without a MiCA license is breaking EU law. In April 2026, ESMA confirmed there would be no extension. For thousands of crypto businesses, the grace period is over.　　What is MiCA？　　MiCA sets rules for crypto-assets that are not already covered by existing financial law, such as securities under MiFID II. It governs three things: how tokens are issued and offered to the public, how they get listed on trading platforms, and how service providers operate.　　It sorts tokens into three buckets:Other crypto-assets. This covers Bitcoin, Ethereum, and most utility tokens. The rules are lightest here, centered on a published crypto-asset white paper, so buyers can see the risks.Asset-referenced tokens (ARTs). Stablecoins backed by a basket of assets or currencies. Stricter requirements apply.E-money tokens (EMTs).

06-25Exchange

Bitcoin Price Crashes Toward $61,000 as Bloodbath Engulfs Crypto Stocks

Bitcoin price is trading near $61,500 today, extending a decline that has erased more than half its value since the token hit a record high in October 2025. The sell-off is rippling through publicly traded crypto companies, where losses have at times outpaced Bitcoin itself.　　The token fell to $61,877 earlier this week — its lowest level since June 11 — before sliding further. Bitcoin price briefly broke below $60,000 on June 5, a level not seen since late 2024, before a partial recovery that has since stalled.　　Deutsche Bank attributed Bitcoins weakness to a convergence of institutional pressures. A shift in Federal Reserve expectations — the bank now forecasts two rate hikes in 2026, reversing earlier expectations for cuts — has removed a key pillar of institutional demand. Higher rates make risk assets less attractive relative to cash and bonds.　　Spot Bitcoin ETFs have seen six consecutive weeks of net outflows totaling roughly $6 billion, with $2.4 billion leaving in June alone. Deutsche Bank analyst Marion Laboure described Bitcoin as “increasingly trading like an institutional risk asset,” with the marginal buyer now an ETF allocator or corporate treasury rather than a retail participant. When those buyers exit, the price follows.　　Competition from artificial

06-25Exchange

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