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South Korean crypto exchange Bithumb has announced that it will temporarily suspend deposits and withdrawals for Scroll (SCR) starting at 3:00 a.m. UTC on June 25 to support a network upgrade.

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: $88.68 million liquidated (59.63% shorts) - ETH: $50.99 million liquidated (50.95% longs) - SPCX: $26.79 million liquidated (93.63% shorts)

Nasdaq-listed Bitcoin mining company Hut 8 (HUT) has agreed to a $2.35 million settlement in a class-action lawsuit alleging it provided misleading information to investors during its 2023 merger with U.S. Bitcoin Corp (USBTC). The investors claimed that Hut 8 exaggerated the benefits of the merger and failed to fully disclose issues, including power problems, at the King Mountain mining facility in Texas, in which USBTC held a 50% stake. While Hut 8 agreed to the settlement, it did not admit to any wrongdoing or liability for investor losses.

Visa announced in its Q2 2026 fiscal year earnings report that its stablecoin payment pilot has reached an annualized volume of $7 billion, a 50% increase from the previous quarter. The announcement follows Visa's partnership with Bridge, a stablecoin infrastructure company under Stripe, which was revealed in March to expand stablecoin-linked card services to over 100 countries.

A court has ordered peer-to-peer (P2P) lending firm Cross Finance Korea to pay 360 million won (about $260,000) to South Korean crypto exchange Coinone, Digital Asset reported. The ruling stems from a lawsuit filed by Coinone seeking the return of 900 million won in what it claimed was unjust enrichment. The case marks a spillover from a large-scale non-settlement crisis in the P2P lending industry between 2024 and 2025, which has now affected digital asset exchanges. According to the court's decision, Coinone began investing in Cross Finance's products in November 2023 at the recommendation of its CEO, identified by his surname Kwak. The exchange maintained investments ranging from 1 billion to 4 billion won until early August 2024.

The Bank of Korea is pushing forward with the commercialization of deposit tokens, but the related regulatory framework remains in the discussion phase and actual usage is limited, the Maeil Business Newspaper reported. According to the office of People Power Party lawmaker Lee Heon-seung, the central bank plans to lay the groundwork for a formal digital currency system and the commercialization of deposit tokens through the second phase of its 'Project Hangang.' In the second half of this year, the project is scheduled to expand to 500,000 participants and will include real-world transactions such as peer-to-peer (P2P) transfers, auto-recharge functions, and payments at large merchants. However, South Korea's Financial Services Commission stated that discussions on the relevant regulations are still in the early stages of determining a general direction.

Bitwise CEO Hunter Horsley has argued that the conversation within the cryptocurrency industry has evolved this year, shifting the central debate from 'crypto-native versus traditional finance' to 'on-chain versus off-chain.' In a post on X, Horsley noted that previously, the crypto space was dominated by crypto-native firms, with traditional finance companies largely on the sidelines. Now, however, with both sectors actively entering the market, he believes this distinction is becoming less relevant. The crucial factor now, Horsley argued, is not a company's origin but whether it provides on-chain or off-chain products. He added that the focus of the industry's discussion is moving from corporate identity to the fundamental nature of its products and services.

Nate Geraci, CEO of asset manager Novadius Wealth Management, said the Chicago Board Options Exchange (CBOE) is considering converting its Bitcoin (BTC) and Ethereum (ETH) rollover futures products into perpetual futures. He added that traditional finance (TradFi) institutions are being forced to continually respond to crypto-native innovations, stating that this is just the beginning. This follows a statement from Rob Hocking, CBOE's Head of Global Derivatives, who said in December 2025 that the exchange was reviewing such a conversion. The U.S. Commodity Futures Trading Commission (CFTC) recently indicated that it might allow registered U.S. trading platforms to list perpetual futures.

South Korean crypto exchange Upbit announced that it will list Arkium (ARX) for trading against the Korean won (KRW), BTC, and USDT, starting at 5:00 a.m. UTC on June 23.

An Ondo Finance (ONDO) team multisig address transferred 150 million ONDO, worth $49.56 million, to an anonymous address eight hours ago, according to on-chain analyst ai_9684xtpa. The analyst noted that this address receives large amounts of ONDO on a monthly basis. Since April 22, the address has received a total of 425 million ONDO, valued at approximately $147 million at current prices. While funds from the two previous large transfers were subsequently deposited to Coinbase in multiple transactions, the purpose of this latest transfer remains unconfirmed, ai_9684xtpa added.

Crypto-friendly U.S. Senator Cynthia Lummis stated on X that the United States will not hand over control of cryptocurrency. She drew a parallel to the internet, noting that the U.S. invented the technology and never ceded its control to other entities.

Bitcoin may be forming a market bottom, having closed above $63,000 on its weekly chart for three consecutive weeks since hitting a recent low of $59,000. According to an analysis, selling pressure appears to be easing, as BTC futures open interest (OI) has fallen 19.5% from its June high, while funding rates and net outflows from spot ETFs have also slowed. Additionally, the current weekly chart shows an RSI bullish divergence similar to the one seen during the market's upward reversal in late 2022 and early 2023. An increase in the supply held by long-term holders is also being interpreted as a bottom signal.

Zach Pandl, head of research at Grayscale, has suggested that Bitcoin (BTC) could rally if the Federal Reserve delays its interest rate hikes. He noted that while U.S. stocks have climbed 9% since the conflict in Iran began in late February, BTC has fallen 1% and gold has dropped 20%. Pandl explained that this relative underperformance from BTC and gold is due to the market pricing in the possibility of a Fed rate hike. He added that Grayscale's base case scenario is for the Fed to postpone any hikes. If this outlook proves correct, Pandl believes BTC's price could catch up to the gains seen in the U.S. stock market. He also described BTC as both a scarce digital asset serving as a long-term store of value and an investment vehicle for the growth of the cryptocurrency industry. Should the likelihood of a rate hike decrease, BTC would have a strong chance of matching stock market returns, he concluded.

Bitcoin financial strategy firm Nakamoto has announced it is closing its medical clinic business to transition into a full-fledged Bitcoin operating company. The company stated that clinic operations officially ceased on June 19, with all related administrative procedures expected to be finalized within the third quarter of this year. CEO David Bailey commented that the company has built a unique platform combining global Bitcoin media, asset management, and consulting services. He added that Nakamoto is now fully committed to expanding these operations and focusing on creating long-term shareholder value.

Hyperliquid trader James Wynn has been liquidated five more times over the past 24 hours. The liquidation price for his new BTC position is now $65,674.74.

Binance founder Zhao Changpeng said in a podcast that the investment boom in artificial intelligence (AI) could be a positive development for the cryptocurrency market. He predicted that the convergence of AI and crypto will become a key trend in the finance and technology industries, adding that the crypto market is here to stay and will continue to grow despite price fluctuations. Zhao noted that the current enthusiasm for AI investment is already having a favorable effect, with investors using crypto to access AI-related assets. This, in turn, is boosting trading activity and liquidity. He suggested that an era could arrive within the next few months where AI agents automatically handle payments and transactions using cryptocurrency. Just as the internet was not replaced by blockchain, AI will not replace it either, Zhao said, concluding that a significant portion of funds flowing into the AI market will eventually return to the blockchain ecosystem.

Polymarket has announced its selection as the exclusive prediction market partner for the Bundesliga in the U.S. market. The company stated that it will now exclusively offer official prediction markets on events related to the Bundesliga and its member clubs.

On-chain analyst EmberCN reported that two different whale addresses have established a total of $175 million in Bitcoin (BTC) long positions. According to EmberCN: - Address '0x50b' opened a long position of 1,654 BTC (approx. $105 million) at an average entry price of $64,130. It is currently at an unrealized loss of about $500,000, with a liquidation price of $59,076. - Address '0x7c4' built a long position of 1,100 BTC (approx. $70.2 million) at an average entry price of $64,508. It is currently showing an unrealized loss of about $750,000, with a liquidation price of $61,723. The analyst noted that both whales entered their large BTC long positions on the same day, suggesting they are betting on a potential rebound.

According to Onchain Lens, a wallet that had been dormant for about a year received 500 BTC (approximately $32.31 million) from BitGo. Additionally, Morgan Stanley purchased 166.24 BTC (approximately $10.74 million) from Coinbase, increasing its total holdings to 4,515 BTC (approximately $288 million).

Cryptocurrency payments firm MoonPay has acquired AI accounting startup Entendre, The Block reported. Entendre develops an AI-powered agent that automates financial tasks such as ledger reconciliation and closing for high-volume crypto and fintech companies. With this acquisition, its fifth this year, MoonPay plans to expand its business into financial operations.

While Ripple (XRP) continues to face downward pressure, it is showing signs of forming a bottom around the $1.1 mark, U.Today reported. The media outlet noted that XRP has been in a steady downtrend after breaking key support following months of consolidation. It lost the crucial $1.28 support level on the daily chart and fell as low as $1.05 without a significant rebound. Furthermore, XRP is trading below its 50, 100, and 200-day moving averages, which now act as firm resistance. However, a notable increase in trading volume during the recent plunge suggests that the market may have absorbed much of the selling pressure. With panic selling easing and the Relative Strength Index (RSI) moving out of oversold territory to attempt a rebound, the downward momentum appears to be weakening. If XRP can reclaim the $1.2 level, a rally toward $1.28 could follow. Conversely, a failure to do so could lead to a retest of recent lows, the analysis concluded.

On-chain prediction market and perpetual futures trading platform TurboFlow has raised $6 million in a seed funding round, The Block reported. The round was led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. The specific use of the funds was not disclosed. TurboFlow aims to become the "Kalshi" of the Asia-Pacific (APAC) region.

The hacker who exploited MEV bot operator Jaredfromsubway has laundered 2,000 ETH, worth approximately $3.44 million, through Tornado Cash, according to Onchain Lens. The attacker later sold 1,422 ETH in exchange for about 2,446,000 DAI. Jaredfromsubway had previously lost funds valued at around $7.5 million in a counter-MEV honeypot attack.

The Spot Cumulative Volume Delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The upper section displays a Volume Heatmap, while the lower section shows the CVD. - The Volume Heatmap at the top tracks the scale of trading volume at specific price levels. The background color brightens when the price lingers in a certain range or experiences significant movement. Brighter-colored areas may act as potential support and resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line represents large orders from $1 million to $10 million.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap stands at 21, unchanged from yesterday, indicating a continued state of 'Fear.' The index measures market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed). CoinMarketCap calculates its index based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.