Botanix Shutdown Exposes Weak Demand for Bitcoin DeFi

Bitcoin-based decentralized finance, once touted as a major growth area, is still drawing only limited demand, according to an industry assessment. The issue has come back into focus after Bitcoin layer-2 project Botanix shut down, citing a lack of u

XRP Nears $1 Breakdown as On-Chain Loss Metric Hits Lowest Since August 2022

XRP is threatening the psychologically important $1 support level. As more investors cut their losses, an on-chain metric tracking realized losses has dropped to its lowest level since 2022. CoinDoo reported that XRP fell as low as $1.0116 on June 25

Polymarket Says $3 Million Stolen in Supply-Chain Hack, Begins Full Refunds

Polymarket said about $3 million of user assets was stolen after its website was compromised through a hack at a third-party service provider. The decentralized prediction-market platform has begun reimbursing all affected users. Decrypt reported on

Israel Continues Strikes in Southern Lebanon With Drone, Helicopter Attacks

Israeli forces are continuing airstrikes and surveillance operations in southern Lebanon, local media reported. Iran's Mehr News Agency, citing Lebanon's Al Mayadeen, reported on June 18 that Israeli forces recently carried out a drone strike on Kafr

Franklin Templeton Seeks to Launch Two Dividend-Fueled Bitcoin ETFs

Franklin Templeton is seeking to launch two new exchange-traded funds that would use dividends to increase Bitcoin exposure. Unfolded reported on June 19 that the global asset manager recently filed documents with the US Securities and Exchange Commi

Ethereum Futures Open Interest Hits Record 3.7 Million ETH as Rebound Bets Rise

Ethereum is trading near its lowest level of the year, while the futures market is seeing an increase in bullish positions as traders bet on a rebound. Cointelegraph reported on June 12 that open interest in ETH futures on Binance reached a record 3.

Bitcoin Tumbles to $60,000 as On-Chain Transactions Near Record, Signaling Major Holder Rotation

Bitcoin has tumbled to around $60,000, while on-chain data shows asset transfers rising to levels نزدیک a record high, suggesting a massive rotation of holdings is underway. AMB Crypto reported on June 7 that crypto analyst Darkfost sees Bitcoin tran

Banks Step Up Pushback Against Yield-Bearing Stablecoins as Threat to Deposits

Yield-bearing stablecoins are expanding rapidly, escalating tensions between traditional finance and the crypto industry. Katana reported on June 7 that banks have started to view yield-bearing stablecoins as a key rival to their core deposit busines

Strategy, BitMine Hit Hard as Crypto Selloff Swells Corporate Paper Losses

Public companies with large cryptocurrency holdings are seeing paper losses pile up as the digital-asset market slumps. CryptoPotato reported on June 7 that Bitcoin recently fell to $59,000, its lowest level in about 19 months. The cryptocurrency has

Hunter Biden Calls Bitcoin, Blockchain an 'Inevitable Future' in Pro-Crypto Remarks

Hunter Biden, son of former U.S. President Joe Biden, has publicly voiced support for Bitcoin and blockchain technology. AMBcrypto reported on June 6 that Biden expressed support for decentralized blockchains and Bitcoin in a recent reply on X to a q

Strategy’s First Bitcoin Sale Fuels Concern Over Further Selling Pressure

Strategy, the company led by Michael Saylor, is facing mounting concern over its Bitcoin accumulation strategy after making its first-ever sale of the cryptocurrency. ZyCrypto reported on June 6 that Zach Pandl, Grayscale’s head of research, said Str

Grayscale Files Fifth Amended Registration for Hyperliquid Staking ETF

Grayscale is pressing ahead with plans to launch an exchange-traded fund tied to Hyperliquid. Bloomberg Intelligence ETF analyst James Seyffart said on May 30 that Grayscale had filed Amendment No. 5 for the Hyperliquid Staking ETF. The filing keeps

Swan Bitcoin CEO Says Retail Investors Still Sway Prices in Spot ETF Era

Spot-Bitcoin exchange-traded funds have become a key investment vehicle, but retail investors still play a major role in determining Bitcoin prices, according to an analysis. Swan Bitcoin Chief Executive Officer Cory Klippsten said in an interview at

Ethereum ETF Outflows Accelerate as Nansen Says Bullish Catalysts Have Vanished

Ethereum is at risk of falling below $2,000 as outflows from spot exchange-traded funds and slowing network activity erode the token’s bullish momentum. AMB Crypto reported on May 29 that on-chain analytics firm Nansen said in a recent report Ethereu

FBI Seizes 127,000 Bitcoin in $8 Billion Bust of International Fraud Ring

The Federal Bureau of Investigation said it seized 127,000 Bitcoin worth about $8 billion in a crackdown on an international fraud ring and arrested hundreds of suspects. Fox News reported on May 28 that the FBI uncovered a criminal network behind cr

Gemini Adds Musk’s Grok to Launch Personalized Prediction-Market Feed

Cryptocurrency exchange Gemini has launched a personalized prediction-market service powered by Grok, the artificial intelligence model developed by Elon Musk’s xAI. Cointelegraph reported on May 28 that Gemini introduced an AI-based feature called C

Upbit Data Lab Launches Composite Technical Indicator to Track Crypto Market Heat

Upbit Data Lab, the digital-asset data platform operated by Dunamu, has launched a new composite technical indicator designed to give users a more intuitive read on market trends. Dunamu said on May 29 that it added the new gauge to Upbit Data Lab to

Shin Hyun-song’s Message Is Clear: Rebuild Your Portfolio for Tightening

Clear signals this direct from a Bank of Korea governor are rare. At his debut Monetary Policy Board meeting on May 28, Shin Hyun-song delivered a concise and unmistakable message to markets. He kept the benchmark interest rate unchanged while signal

Southeast Asia Pushes Finance On-Chain as Governments, Banks and Firms Move in Step

Southeast Asia Blockchain Week 2026 held on May 20-21 Thailand and Indonesia step up support for digital assets Infrastructure expansion accelerates around AI, stablecoins and tokenization Southeast Asia is speeding up its push to compete in next-gen

ShardLab CEO Says Southeast Asia Is Emerging as a Key Market for AI, Digital Assets

Kim Ho-jin, chief executive officer of ShardLab, said Southeast Asia is poised to emerge as a key market in the era of artificial intelligence and digital assets. Delivering a keynote address at Southeast Asia Blockchain Week 2026, or SEABW 2026, at

US Strategic Petroleum Reserve Falls 8.6 Million Barrels, Biggest Weekly Drop on Record

The US Strategic Petroleum Reserve fell by about 8.6 million barrels last week, Cointelegraph reported, marking the biggest weekly decline on record. A Cointelegraph post published on May 15 said the drop extended the reserve's decline to a seventh s

South Korea to Directly Regulate Overseas Crypto Transfers After FX Law Revision Passes Assembly

Edaily reported on May 8 that the National Assembly passed revisions to the Foreign Exchange Transactions Act at a plenary session on May 7. The amendments newly define virtual-asset transfer services and impose a registration requirement on related

South Korea to Bring Crypto Transfers Abroad Under Direct FX Oversight After Law Revision Passes Assembly

A revision to the Foreign Exchange Transactions Act containing those measures passed the National Assembly in a plenary session on May 7, Edaily reported on May 8. The bill newly defines virtual-asset transfer services and introduces mandatory regist