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Decentralized prediction market platform Kalshi is in talks to raise funds at a valuation of $40 billion, Unfolded reported, citing the Financial Times (FT).

CryptoQuant reports that approximately 7,600 BTC has flowed into Binance as panic selling intensifies. This indicates a concentration of potential selling pressure, amounting to about $479 million, on Binance alone, the firm noted.

Major exchanges have seen $105 million worth of futures liquidated in the past hour. In the past 24 hours, $870 million worth of futures have been liquidated.

M has fallen by 4.00% in the past five minutes on the COINNESS market. Currently, M is trading at $2.66.

As Bitcoin fell below the $60,000 mark, shares of MicroStrategy (Nasdaq: MSTR), the largest corporate holder of the asset, dropped by more than 10% during trading on June 24. The stock is currently trading at $92.74, down 10.69%.

Binance has withdrawn its application for a license in Greece under the European Union's Markets in Crypto-Assets (MiCA) regulation, even as it plans to reapply for MiCA licenses elsewhere in the bloc. In a post on its official X account, the exchange stated the decision was made after a careful review of the status and timeline of the licensing process with the Greek government. Binance added that Europe is an important market and expressed confidence in securing licenses in the coming months. The company assured users that their funds are safe and said any affected European customers will be directly notified of changes before the compliance deadline. The withdrawal follows an earlier report from Reuters, which cited multiple sources saying Binance's Greek application was likely to be rejected.

21Shares has stated that its previous prediction about Bitcoin breaking its four-year cycle was incorrect. According to a Decrypt report on a new analysis from the firm, 21Shares acknowledged that while it had anticipated the end of the cycle before 2026, price movements over the past six months have been similar to previous patterns. However, the company argued that its thesis was not entirely wrong, as the market structure has clearly changed. 21Shares explained that the current 50% market decline is significantly milder than the drops of over 80% seen in past cycles.

Major exchanges have seen $333 million worth of futures liquidated in the past hour. In the past 24 hours, $764 million worth of futures have been liquidated.

The price of spot silver fell to $58 per ounce, its lowest level since last December. The intraday decline reached 5.75%.

Cambrian, a startup building blockchain data infrastructure for institutions and AI agents, has raised $6 million. According to The Block, the round was led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, and Nomad Capital. The funds will be used to build a blockchain data oracle network. Cambrian previously raised $5.9 million last year in a pre-seed round led by the a16z Crypto Startup Accelerator (CSX).

White House spokesperson Anna Kelly, in a statement to BeInCrypto, asserted that the recent U.S.-UAE strategic technology partnership in AI was solely for the national interest of the United States and has no connection to World Liberty Financial. The clarification comes after Senate Democrats strongly demanded a hearing, raising conflict of interest allegations regarding foreign capital inflows. An investment consortium led by a senior UAE royal reportedly reached a secret agreement to acquire a 49% stake in World Liberty Financial for about $500 million just before President Trump returned to the White House. David Warrington, White House Counsel and a legal representative for the Trump administration, also directly refuted the conflict of interest claims. Warrington stated that the president does not engage in any private business dealings that could undermine his constitutional responsibilities, dismissing the proposal for a hearing as nothing more than an ignorant or malicious political attack.

Major exchanges have seen $232 million worth of futures liquidated in the past hour. In the past 24 hours, $649 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $60,000. BTC is trading at $59,844.04 on the Binance USDT market.

A South Korean government delegation has met with the U.S. Securities and Exchange Commission (SEC) to discuss ways to reduce the gap in cryptocurrency regulations between the two countries, Decrypt reported. The talks focused on stablecoin regulation, security token offerings (STO), and cross-border regulatory cooperation. According to meeting minutes released by the SEC, the South Korean side indicated that its process of establishing a legislative framework for virtual assets is significantly influenced by the regulatory direction and legislative progress in the United States.

Strategy's perpetual preferred stock, STRC, has dropped below $82 to a new all-time low, BlockBeats reported. The company has consistently issued the stock near its $100 par value, using the proceeds to purchase Bitcoin. However, with the price now under $82, issuing new shares to raise capital would represent a substantial loss for the company, significantly hampering its ability to acquire more BTC.

Major exchanges have seen $105 million worth of futures liquidated in the past hour. In the past 24 hours, $424 million worth of futures have been liquidated.

Payward, the parent company of crypto exchange Kraken, has led a $20 million Series A funding round for Onyx Odds, a prediction market application for betting on sports outcomes, The Block reported. The round values Onyx Odds at $220 million, a figure reached less than two years after its launch and under a year since it exited its beta phase. The application allows users to trade the outcomes of sporting events like financial instruments on an exchange, moving beyond simple sports betting.

Trading volume in the soccer category on prediction market Polymarket has surpassed $2 billion in just 10 days since the World Cup began, The Block reported. The figure represents a 300% surge compared to the period immediately preceding the tournament. Meanwhile, open interest on competitor platform Kalshi surpassed the $1 billion mark for the first time on June 18, reaching $1.16 billion. This marks a 350% increase since the beginning of the year.

President Donald Trump on June 24 canceled a planned signing ceremony for the 21st Century Housing Act just hours before it was scheduled to take place at the U.S. Capitol, Decrypt reported. The bill includes a provision that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). As Trump has previously pledged to oppose a CBDC, the signing was widely expected to proceed. However, the president announced he would not sign the housing bill unless Congress first passes the SAVE America Act, a Republican-backed bill aimed at preventing non-citizens from voting.

Hong Kong-listed company CIMG has purchased 208 BTC, worth $13.5 million, according to Bitcoin Magazine.

BitMEX co-founder Arthur Hayes has presented a scenario in which Bitcoin could surge to $1 million when the current artificial intelligence (AI) bubble bursts, triggering a massive bailout from the Fed. CryptoSlate reported that Hayes, speaking on the Bankless podcast, argued the AI sector is currently absorbing all market liquidity. Hayes noted that from November 2022 to mid-2026, approximately $1.5 trillion in AI-related debt was issued, a figure that he said nearly matches the increase in the U.S. M2 money supply over the same period. He argued that the vast sums of money printed by the central bank have been entirely absorbed by AI infrastructure, such as data centers and GPU clusters, instead of flowing into the Bitcoin market. Macroeconomic analyst Luke Gromen echoed this sentiment, stating that while the stock market is hitting all-time highs, the structure is unhealthy as a few AI-related stocks are absorbing all liquidity. Describing Bitcoin as "the last working fire alarm" for the state of global liquidity, Gromen suggested that the cryptocurrency's current stagnation is a warning that global liquidity is drying up.

The "debasement trade," a strategy centered on betting against the value of fiat currencies, is rapidly unwinding, Walter Bloomberg reported. According to data from Polymarket, this trend has led to a surge in predictions that Bitcoin (BTC) could fall to as low as $48,000 by the end of the year as investors liquidate these positions. Meanwhile, capital continues to flow into stocks related to artificial intelligence (AI) and semiconductors.

More than $99 million has been liquidated in the cryptocurrency futures market over the past hour, Cointelegraph reported. Of this total, $90 million came from long positions.

An anonymous whale liquidated an 800 BTC ($48.8 million) long position, resulting in a $1.26 million loss as Bitcoin fell below $61,000, according to Lookonchain.

WTI crude oil futures fell below $70 per barrel as an increase in oil tankers passing through the Strait of Hormuz has eased supply concerns.