Most perp DEX tokens pump on hype, then fade because the token never actually captures the value being created.
That’s why $LIT has my attention even as $BTC is still struggling.
From July 1, revenue-funded LIT buybacks will be permanently burned, with around 15.5M LIT already lined up for the first post-Q2 burn. That’s not just a headline that’s real protocol revenue being turned into real scarcity.
What makes it interesting to me is the setup:
* perp DEX sector is waking up again * LIT has been showing relative strength * and now the tokenomics finally give the move a stronger foundation
So I’m not looking at $LIT as a random breakout candle to chase.
I’m looking at it as one of the cleaner perp DEX setups right now, where momentum + sector strength + revenue-to-burn tokenomics are all lining up.
If you’re trading it on Bitget, my take is simple: don’t FOMO green candles, watch whether volume and strength hold after the burn hype settles.
That’ll tell you whether this is just a hot narrative or the start of a bigger repricing.
⚠️ Cardano Project Hit by Major Exploit, Over $20M Lost
SecondFi, a project within the $ADA ecosystem, has fallen victim to a serious security breach. Attackers exploited a vulnerability in its wallet generation software, enabling them to siphon off user funds.
According to blockchain security firm SlowMist, the losses could surpass $20 million, involving more than 129 million $ADA tokens along with other assets.
Users are being strongly advised to transfer their holdings into newly created wallets without delay.
Ethereum $ETH layer-2 network Taiko has disclosed a serious exploit affecting its chain-state verification system, leading to losses of approximately $1.7 million.
The team is urgently advising users to withdraw all assets from $TAIKO bridges and has asked exchanges to suspend TAIKO deposits while investigations continue.
🔴 $XRP ETF INFLOWS SURPASS $BTC & ETH FOR 5TH WEEK RUNNING
For five consecutive weeks, XRP has led Bitcoin and Ethereum in ETF inflows, underscoring steady institutional interest even as overall crypto sentiment remains cautious.
🔴 $BTC is currently consolidating within a tight range between two key levels.
This sideways movement doesn’t provide a favorable setup for new entries at the moment; it’s better to stay patient and wait until the market shows clearer direction.
Bitcoin rebounded strongly from the $60K support level after sweeping liquidity beneath it, just as anticipated ✌️
At a time when market sentiment was dominated by fear, we identified this zone as the prime reversal point and marked it as the most probable bottoming area.
Currently, $BTC has broken out of the hourly symmetrical triangle and is retesting the breakout level as new support, confirming the presence of bullish momentum.
Zcash ( $ZEC), the leading privacy-focused cryptocurrency, has plunged more than 50% in the past 24 hours, erasing roughly $5 billion from its market value.
The crash stems from a critical flaw buried in Zcash’s Orchard privacy pool since May 2022. Despite several audits, the vulnerability went unnoticed for nearly four years.
On May 29, security researcher Taylor Hornby demonstrated the issue by using the Claude Opus 4.8 AI model to create a proof-of-concept that successfully minted counterfeit $ZEC in local tests.
Although developers patched the bug on $ZEC June 2, the bigger concern remains: Zcash’s privacy architecture prevents anyone from verifying whether fake coins were secretly created before the fix. Unlike Bitcoin, where supply can be openly audited, Zcash’s shielded design makes such checks impossible.
The Zcash team insists no counterfeit coins exist, but fear alone has triggered mass sell-offs. Think of it like a casino where someone might slip in extra chips yet neither the house nor the players could ever tell which ones were genuine.
To restore confidence, Shielded Labs is considering a major network upgrade that would allow public verification of Zcash’s total supply. #Altcoin Season# #MarketCrash