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According to Arkham, Bitmain-backed crypto lending platform Antalpha has seen a drawdown in its paper profits from its investment in Tether’s gold token XAUT. Antalpha previously accumulated $241 million worth of XAUT at an average price of $3,693. At its peak, unrealized gains briefly reached $100 million, but subsequent market volatility led to a $50 million profit drawdown, reducing its current unrealized gains to about $50 million.

BTC plummeted rapidly from over $61k to $58k in the past hour. According to Coinglass data, total liquidations across the entire market in the past 24 hours reached $1.265 billion, with more than 209,000 traders liquidated, including over $430 million liquidated in the past hour alone.

According to CryptoRank, in Q2 2026 the number of active global crypto investors (mainly institutional or VC participants) fell to 651, far below the 2022 ATH of 2564. The figure is only slightly above 2020 levels, when quarterly participants ranged between 250 and 450, marking a six-year low. The analysis suggests that crypto venture capital is increasingly concentrated among a small group of professional investors, while overall market participation remains well below the previous cycle peak.

Japanese financial group SBI announced it will acquire crypto asset exchange Bitbank for ¥46.7 billion ($289 million). Upon completion of the deal, Bitbank will become a consolidated subsidiary of SBI. The combined group’s total assets under custody are expected to reach approximately ¥1.1 trillion (about $6.2 billion), ranking first in Japan’s crypto industry.

Uniswap, one of DeFi’s largest decentralized exchange protocols, has launched a no-code token auction tool in its Web App, allowing projects to configure and run onchain token sales directly from a browser. The tool uses Uniswap’s Continuous Clearing Auction system, which clears bids across multiple blocks and gives all successful bidders the same final clearing price, aiming to reduce bot sniping and last-minute bidding advantages. The move pushes Uniswap deeper into the token-launch market, putting it closer to competition with platforms such as Pumpfun.

June 25, 2026, Social influence analytics platform XHunt today officially released version v0.3.4. This update introduces its AI social influence system for the first time, covering more than 50,000 AI creators worldwide, alongside new features including AI KOL influence rankings, AI KOL capability analysis, and real-time AI trend tracking. With this upgrade, XHunt has expanded from a Web3 social analytics tool into a social influence analytics platform covering both AI and Web3.
Over the past few years, XHunt has continued to build capabilities around influence analysis, trend tracking, and market discovery within the Web3 social ecosystem, helping users identify key figures, emerging topics, and market discussion trends. As the AI industry enters a period of rapid growth, a large number of AI builders, researchers, open-source developers, product leaders, and content creators are becoming a new generation of industry opinion leaders. At the same time, demand for social influence analytics tools in the AI sector is growing quickly.
In response to this trend, XHunt has introduced an AI KOL capability analysis model in v0.3.4. The model evaluates creators across multiple dimensions, including content performance in the AI sector, influence distribution, interaction quality, and topic participation, helping users more systematically identify high-value creators and key information sources in the AI field.
Meanwhile, XHunt has also launched a real-time AI trend tracking feature, covering popular AI-related posts, trending AI KOLs, large model developments, GitHub technology trends, and other key information sources. This allows users to track important changes in the AI industry in a timely manner. Users can switch freely between the AI and Web3 domains based on their interests, while the system automatically matches homepage recommendations, trending content, and creator analysis results accordingly.
In addition to AI-related features, XHunt has also upgraded its Web3 trending rankings. The new Web3 trending section includes a Chinese-speaking KOL interaction ranking, helping users identify more relevant discussion trends in the Chinese-language market. It has also introduced an 8-hour trending posts ranking, providing a more granular observation window for tracking emerging topics.
This update also introduces a new multimedia section, aggregating popular videos, long-form image posts, and other content formats to further improve the efficiency of accessing key information.
XHunt stated that amid the rapid growth of information in both AI and Web3, users do not need more noise, but higher-quality signals. Going forward, XHunt will continue to follow its product philosophy of “Less Noise. More Signals.” and build a social influence analytics engine covering both AI and Web3, helping users more efficiently discover key people, important topics, and industry trends.
XHunt v0.3.4 is now officially available for download and update.

CryptoQuant founder and CEO Ki Young Ju said Binance’s USDT-margined perpetual futures market is showing signs that traditional assets are overtaking parts of crypto trading, with average single-asset volume ranking metals, oil, stocks and then altcoins excluding the top 10. He said this suggests crypto exchanges are evolving into RWA exchanges, as demand for contracts tied to gold, oil, equities and other real-world assets expands crypto platforms beyond purely digital assets.

Bloomberg reported that Bitcoin is facing a roughly USD 10 billion options expiry that could add pressure to a market already hit by cooling institutional demand and macro headwinds. About USD 10 billion in Bitcoin options notional value is set to expire on Deribit, the largest crypto options venue, at 16:00 Singapore time on Friday. Because many of the contracts are bullish bets while Bitcoin has been falling, traders may shift toward more defensive or bearish positioning, making the expiry another stress test for the selloff.

According to SoSoValue data, on June 24 (Eastern Time), Bitcoin spot ETFs recorded a total net outflow of USD 469 million, while Grayscale Bitcoin Mini Trust ETF BTC saw the largest single-day net inflow at USD 23.5642 million. Ethereum spot ETFs recorded a total net outflow of USD 30.2382 million, with Fidelity’s FETH seeing the largest single-day net outflow at USD 15.6897 million.

OKX market data showed MemeCore (M) trading at USD 0.67436, down more than 75% over 24 hours. The drop came after concerns over possible token control, including questions about MemeCore’s roughly USD 6 billion market valuation and why insiders allegedly held more than 90% of the token supply.

Jiang Zhuoer, one of China’s best-known Bitcoin miners, predicted that the current BTC bear market may bottom between October and December 2026, with a price range of about $42,000 to $44,000. He said Strategy’s mNAV has fallen to 0.72, close to the 0.7 low seen during the previous bull-to-bear transition in May 2022. Jiang argued that an mNAV bottom does not usually mean BTC bottoms at the same time, noting that BTC hit its final low about six months after MSTR’s mNAV bottom in the last cycle.

The Wall Street Journal reported, citing public onchain data analysis, that Iran-linked entities have moved more than $3.84 billion through crypto exchange CoinEx, making it one of the key crypto channels allegedly used to bypass U.S. economic sanctions. The report said investigators earlier this year identified unusual transactions from two wallets controlled by Iran’s central bank, with further tracing showing links to the $1.5 billion in assets stolen from Bybit by North Korean hackers.

Coinbase CEO Brian Armstrong said the company will continue to look for acquisition opportunities after its $2.9 billion purchase of Deribit, with a focus on international targets that can accelerate product development and business growth. Armstrong said Coinbase has sufficient capital and the advantages of being a public company to pursue deals, but will remain selective rather than chasing every opportunity.

Coinbase CEO: 80% of Americans Are Frustrated With the Current Financial System
On June 5, 2026, during a POLITICO video interview, Coinbase CEO Brian Armstrong stated that cryptocurrency has become a bipartisan issue in Washington. He believes that up to 80% of Americans feel the current financial system isn't working, citing high fees, delays, and unequal access.
He framed crypto as a democratizing force for financial inclusion. Armstrong further stated that both Democrats and Republicans are finding reasons to support the industry, driven by concerns ranging from equal access to national security and keeping the U.S. dollar competitive.

According to the Financial Times, prediction market platform Kalshi is in talks to raise a new funding round at a valuation of approximately $40 billion, with the deal potentially closing as early as the third quarter of 2026. Kalshi raised $1 billion last month at a $22 billion valuation, with participation from Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. The platform recorded more than $17 billion in trading volume last month, up from less than $5 billion a year earlier, with sports-related contracts accounting for roughly 65% of total volume.

According to market data, Strategy (MSTR) fell below $100 and was trading at $99.50, down 4.18% intraday, marking its first drop below $100 since March 2024. Strategy is currently the largest Bitcoin treasury company, holding 847,363 BTC, or about 4% of total supply, at an average cost of $75,651.

SBI Group has officially launched JPYSC, a trust-type yen stablecoin, in partnership with Startale Group and completed its first issuance. SBI said JPYSC is Japan’s first yen stablecoin whose reserve assets are managed by a trust bank, and the first of its kind to be classified as an electronic payment instrument under the Payment Services Act. JPYSC is not subject to the 1 million yen transaction and balance limits, and is currently available only through SBI VC Trade accounts.

According to Reuters, Binance’s Head of Europe and the UK, Gillian Lynch, said Binance “is not leaving Europe” after its bid to secure a Greek license to operate in the EU unraveled. She said Binance may seek “a different pathway” to authorization and is looking at alternatives if Greece is not the route. Sources told Reuters that Binance had held talks with regulators in Ireland, Latvia and Greece but faced resistance in all three countries.

According to CryptoRank, DeFi TVL has declined every month in 2026, falling from about $115B in January to around $70B, down 39% YTD. DeFi has seen 121 hacks so far this year, with losses of about $942M, including 85 incidents and $775M in Q2. Among the top 10 chains by TVL, only TRON and Hyperliquid recorded growth, rising about 5% and 6.7%, respectively. CryptoRank said hacks were not the main driver of the decline, but their frequency likely weakened user confidence and reinforced capital outflows.

According to SoSoValue, spot Bitcoin ETFs recorded total net outflows of $114 million on June 23 (ET), extending their net outflow streak to four consecutive days. Spot Ethereum ETFs recorded total net outflows of $82.351 million yesterday, also marking four consecutive days of net outflows.