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🇺🇸 US National Debt nearing $40T mark, per Treasury data. $40T debt milestone approaches as federal borrowing accelerates, hitting record highs.

🐢 Firedancer Takes Measured Approach to Solana Infrastructure Deployment The lead engineer at Jump Crypto's Firedancer provided an update on the client's rollout within the Solana ecosystem in an interview with CoinDesk. The team is pursuing a slow and steady deployment strategy for the long-awaited software infrastructure.

🚨 Blackrock Selling $BTC, per Arkham Blackrock is selling its $BTC holdings, according to on-chain data from Arkham.

🔒 DeFi Insurance Sector Struggles as Users Prioritize Yields Over Protection DeFi insurance protocols, launched with significant ambition during the 2020 crypto boom, have largely collapsed as user behavior shifted toward yield-seeking over coverage, according to Coindesk data. The sector's decline occurred as hacking methods evolved, leaving billions in crypto assets exposed to security risks that the insurance products were originally designed to mitigate.

🔥 Ripple Burns Over 32 Million RLUSD on Ethereum Ripple has executed a burn of 32,075,051 RLUSD tokens on the Ethereum blockchain over the past 24 hours, according to on-chain data. The transaction occurred on the Ethereum network, as reported by U.Today.

🚨 THORChain Confirms $10M Exploit THORChain has confirmed a $10 million exploit and launched a recovery portal for affected users across four chains, per Cointelegraph. The portal allows victims to revoke malicious approvals and claim refunds.

📉 Crypto Longs Wiped Out as $BTC Slides to $78K Over $500 million in leveraged long positions were liquidated overnight, according to Coindesk data. The selloff coincided with a global bond rout and the worst U.S. stock session since March, with $SPYX and $SPYX both falling 5%.

🇺🇸 House committee leaders are pressing President Trump to nominate new CFTC commissioners, citing the CLARITY Act. The CFTC is currently led by Chair Michael Selig, with no public indication from Trump on filling the five-member panel, per Cointelegraph.

🔁 Lombard Finance Ditches LayerZero for Chainlink Lombard Finance is migrating its Bitcoin DeFi assets, worth $1 billion, from LayerZero to Chainlink. The move follows the Kelp DAO exploit that resulted in a $292 million loss, according to Decrypt.

📄 President Trump Discloses Crypto Stock Trades President Donald Trump reported trades in crypto firms including Coinbase ($COIN), Robinhood ($HOOD), and Bitcoin mining stocks, according to new ethics filings.

📜 US Law Firm Seeks $344M USDT Redistribution Gerstein Harrow LLP has filed a motion requesting the redistribution of $344 million in frozen $USDT linked to Iran. The law firm is attempting to claim the funds for claimants of unrelated judgments dating back decades, according to Cointelegraph.

🇦🇪 Abu Dhabi sovereign wealth fund Mubadala added to its $IBIT position, now holding over $565 million. Mubadala purchased additional shares of BlackRock's spot Bitcoin ETF, according to the latest filing.

🚨 Bitcoin Depot Issues Going Concern Warning Bitcoin Depot, a major Bitcoin ATM operator, disclosed a "going concern" warning in its latest filing, indicating substantial doubt about its ability to remain operational over the next 12 months. The warning follows declining ATM revenue and increased regulatory scrutiny, according to Decrypt.

📉 Bitcoin Miner IREN Secures $3B for AI Pivot IREN, a major Bitcoin mining company, closed a $3 billion convertible notes offering, according to Decrypt. The funds will be used to accelerate the firm's expansion into AI cloud infrastructure.

📉 $BTC struggles at the 200-day moving average Despite positive news on the Clarity Act, Bitcoin faces resistance at the 200-day moving average, according to the provided data.

🔀 Exodus Accelerates: $4B Moves to Chainlink Lombard has migrated its cross-chain infrastructure away from LayerZero, joining a broader asset exodus totaling $4 billion now utilizing Chainlink's bridging protocol, per Coindesk. The shift follows the Kelp DAO exploit that drained $292 million from a LayerZero-powered bridge, heightening security concerns.

🏛️ Crypto Market Structure Bill Passes Senate Committee The Clarity Act cleared the Senate Banking Committee with bipartisan support, according to Coindesk. A potential full Senate vote is expected within weeks.

🇵🇱 Polish lawmakers pass crypto bill to implement EU MiCA framework Polish lawmakers approved a Ministry of Finance-backed crypto bill in a 241-200 vote, following repeated vetoes, according to Cointelegraph.

🇰🇷 South Korea to Unveil Tokenized Securities Rules in July South Korea's Financial Services Commission (FSC) is drafting detailed regulations for tokenized securities, according to Cointelegraph. The rules are set to be announced in July, ahead of a broader legal framework for blockchain-based securities scheduled to take effect in February 2027.

📈 Gemini Revenue Up 42% to $50.3M Despite $100M Bitcoin Infusion Gemini's revenue rose 42% year-over-year to $50.3 million, according to Coindesk data, while the exchange's net loss narrowed by 27% from $149.3 million a year earlier, following a $100 million bitcoin infusion from the Winklevoss twins.