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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 $6.4 billion. The company currently holds 847,363 BTC at an average purchase price of $75,651, with its total unrealized loss now standing at $6.41 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.

A whale holding a 120,000 ETH long position is currently facing an unrealized loss of $77.04 million, according to ai_9684xtpa. The liquidation prices for the four addresses associated with this whale are $1,174.6, $1,059.1, $1,064.7, and $1,143.6, respectively, with an average entry price of approximately $2,265.

South Korean crypto exchange Upbit has been cleared of any wrongdoing in an investigation into its order book sharing practices, unlike rival Bithumb, which was fined 210 million won (about $152,000) for violations. An official from South Korea's Personal Information Protection Commission (PIPC) told local media outlet Digital Asset today that an investigation into Upbit found no violations of regulations concerning the overseas transfer of personal information. The PIPC had previously announced the fine against Bithumb for transferring user data abroad without consent.

Jiang Zhuoer, founder of the Chinese Bitcoin mining pool BTC.top, predicted that the current BTC bear market will bottom out in the fourth quarter of this year in the $42,000 to $44,000 range. He noted that MicroStrategy's (Nasdaq: MSTR) modified net asset value ratio (mNAV) has fallen to 0.72, approaching the 0.7 level seen at the bear market low in May 2022. Considering this and other recent factors, Jiang believes the mNAV has entered its bottoming zone for this cycle. According to Jiang, the mNAV is a leading indicator that typically precedes BTC price bottoms by about six months. Applying a four-year cycle and volatility reduction model, he suggested that BTC is highly likely to hit its low in the low $40,000s between October and December. He added that his current short-term strategy involves maintaining spot sells and short positions, with plans to switch to spot buys and long positions after the expected bottom is reached.

U.S. demand for Bitcoin has been absent for 46 days, according to crypto analyst Ali Martinez. He noted on X that the Coinbase Premium Index has remained in negative territory for 46 consecutive days since mid-May, suggesting that buying pressure from U.S. investors is exhausted. Martinez added that this trend coincides with the recent multi-week streak of net outflows from spot BTC ETFs. He explained that U.S. institutional investors are likely to maintain a wait-and-see approach until macroeconomic uncertainties are resolved before they resume accumulation.

The cryptocurrency exchange CoinEx, which has Chinese roots, has served as a key channel for Iran's crypto transactions and fund movements, The Wall Street Journal (WSJ) reported, citing data from blockchain analytics firm TRM Labs. According to the report, over $3.84 billion (approximately 6 trillion won) has moved through CoinEx from wallets linked to Iran since 2019. CoinEx wallets were found to have transacted with hacked funds previously held by Iran's central bank and also had direct dealings with wallets the U.S. government has identified as being connected to the Islamic Revolutionary Guard Corps (IRGC). In 2024, transaction volume between CoinEx and Nobitex, Iran's largest crypto exchange, exceeded $763 million, establishing CoinEx as Nobitex's primary overseas exchange partner over Binance. In response, CoinEx founder Haipo Yang stated that while it was true the exchange had many Iranian users, it has no relationship with the Iranian government. He added that CoinEx is now taking measures to distance itself from the Iranian market, such as blocking new sign-ups from Iranian IP addresses.

South Korean crypto exchange Bithumb has been fined 210 million won (around $151,000) for transferring user personal data overseas without proper consent, NoCut News reported. According to an investigation by South Korea's Personal Information Protection Commission, Bithumb shared its Tether (USDT) market order book with an overseas exchange from September to November last year. During this period, the exchange obtained user consent to transfer personal data to a platform it identified as Stellar Exchange, but it was revealed that member numbers and order information were actually sent to a system operated by a different exchange. Additionally, Bithumb provided the personal information of senders and recipients—including names, wallet addresses, and dates of birth—to 13 overseas exchanges for anti-money laundering purposes when processing user virtual asset transfers.

CoinMarketCap's Altcoin Season Index is currently at 45. The index compares the price performance of the top 100 coins, excluding stablecoins and wrapped tokens, to that of Bitcoin over the last 90 days. The platform considers it an altcoin season when 75% of these top coins outperform Bitcoin during this period, while the opposite scenario is deemed a Bitcoin season. A score closer to 100 signifies a stronger altcoin season.

Ripple has announced the official launch of its stablecoin, RLUSD, in Japan in partnership with SBI Holdings and its subsidiary, SBI VC Trade. RLUSD has been approved by Japan's Financial Services Agency (JFSA) and is classified as an electronic payment instrument for foreign-issued stablecoins under the country's Payment Services Act. Jack McDonald, SVP of Stablecoins at Ripple, said Japan has led the way in digital asset adoption due to its regulatory clarity and financial innovation. He added that RLUSD will serve to connect Japanese and global liquidity in payments, asset tokenization, and collateral management.

According to CoinNess monitoring, Magic Internet Money (MIM), the algorithmic stablecoin issued by the DeFi protocol Abracadabra (SPELL), has depegged, with its price falling to $0.49. This represents a drop of approximately 51% from its intended $1 peg.

Joe Burnett, a vice president at the Nasdaq-listed Strive (ASST), argued on X that MicroStrategy's (MSTR) Bitcoin treasury strategy is structurally different from the case of Terra's collapse. He explained that just before its failure, Terra had approximately $18.7 billion in UST in circulation, which was immediately redeemable, but was backed by only about $3.1 billion in BTC reserves. In contrast, Burnett stated that MicroStrategy currently holds about $51.5 billion in BTC against approximately $10.5 billion in liabilities, which are not structured for immediate redemption. He concluded that because the two cases are structurally completely different, a simple comparison is inappropriate.

M has fallen by 82.23% in the past five minutes on the COINNESS market. Currently, M is trading at $0.46.

M has fallen by 66.58% in the past five minutes on the COINNESS market. Currently, M is trading at $0.87.

An address believed to belong to Andean Medjedovic, the hacker who stole $48.8 million from KyberSwap, has deposited an additional 2,000 ETH into Tornado Cash, according to PeckShield. Over the past two years, the hacker has laundered a total of 16,100 ETH, worth $40 million. Tornado Cash is a crypto mixing protocol often used by hackers to launder stolen funds.

Sonic (S), an EVM-compatible Layer 1 blockchain, announced on X that it has decided not to proceed with its planned additional S token issuance for this year. The project explained that its tokenomics were designed to issue 47.625 million new S tokens annually, worth approximately $950,000 at current prices, to foster ecosystem growth. The first such issuance occurred on June 18 of last year. However, Sonic stated it is now actively working to prevent the token supply from expanding in an inflationary manner and is still reviewing how to fund validator rewards for network security. The decision was made in response to requests from its community and stakeholders. According to CoinMarketCap, S is trading at $0.02096, down 12.01% over the past 24 hours.