Today's Highlights
1. Solana Surpasses 7% Daily Gains Amid Market Weakness
2. Aastha Spintex IPO Launches on June 29 for ₹170 Crore Raise
3. OpenAI's New Model Names Spark Crypto Meme Frenzy
4. MiCA Law Banned Unlicensed Crypto Exchanges in EU
5. US Spot BTC ETFs Record $1.719B Net Outflow in 4 Days
Macro News
Bitcoin Drops to $59,400 Amid $691M ETF Outflows and $10.6B Options Expiry
Bitcoin fell to $59,400 as U.S. spot BTC ETFs experienced a $691 million net outflow on Thursday, the largest since May 27. A $10.6 billion options expiry looms on Friday, with over $11 billion in crypto positions liquidated in the past 24 hours.
European Union Enforces MiCA Law, Bans Unlicensed Exchanges
The EU's MiCA regulation has officially taken effect, prohibiting unlicensed crypto exchanges. This marks a significant step toward regulatory compliance and investor protection across the region.
21Shares Hyperliquid ETF Sells $1.8M in HYPE, 3% of AUM
21Shares Hyperliquid ETF sold $1.8 million in HYPE tokens, representing 3% of its total assets under management, according to Arkham monitoring data.
CryptoQuant Warns of Strategy Risk as CBOE Considers Perpetual Futures
CryptoQuant highlighted potential risks in market strategies as CBOE moves toward offering perpetual futures, which could impact Bitcoin and Ethereum liquidity and volatility.
Bitcoin ETFs See $1.719B Net Outflow Over 4 Days
U.S. spot Bitcoin ETFs recorded a $1.719 billion net outflow over four days, with IBIT leading at $11.32 billion outflow and FBTC at $3.72 billion inflow.
Industry Hotspots
Uniswap v4 Launched on Ethereum Mainnet
Uniswap v4 has officially launched on Ethereum mainnet, introducing new Hooks functionality and a singleton contract design aimed at reducing gas fees and improving smart contract efficiency.
Tokenized Stocks on BNB Chain Reach $5B in Trading Volume
Tokenized stocks on BNB Chain have hit over $5 billion in trading volume, primarily driven by Ondo Global Markets. CRCLon and MUon are the top-performing Ondo tokens.
Canopy Completes $8.5M Seed Round for AI-Powered Web3 Infrastructure
Canopy, an AI-assisted Web3 infrastructure layer, raised $8.5 million in a seed round led by Arrington Capital and Fenbushi Capital. Funds will support mainnet launch and AI development tools.
MantraUSD Backed by US Treasury Bills Offers Onchain Stability
MantraUSD is a stablecoin fully backed by short-term U.S. Treasury Bills, providing reliable value preservation for onchain real-world assets and DeFi applications.
XRP Ecosystem Approves Native Lending Protocol Amendment
The XRP ecosystem has approved a key vote for a native lending protocol amendment on the XRPL network, signaling a major step toward decentralized finance integration.
KOL and Institutions
@Nansen
Smart trader positioning on Hyperliquid shows BTC at 49% long with $2.0B open interest, ETH at 48% long with $1.1B, and SOL at 50% long with $366.0M. All major assets remain in balanced long positions.
@ChainBitX
Markets remain under pressure as the Fear & Greed Index hits 15 (Extreme Fear). BTC and ETH are holding key levels amid volatility, with traders awaiting the next major move.
@CryptoKaleo
Analyzing historical Bitcoin bear market drawdowns suggests the current one could reach around 72.5%. Based on the $126,073 peak, this would place Bitcoin near $34,670.
@AscensionFi
Bitcoin is stable at $59,789 (+0.9%), Ethereum at $1,577 (+1.3%), and Solana is up 10.9% to $73. Despite extreme fear sentiment at 13, Solana shows strong momentum.
@xpmarket
The XRP ecosystem has approved a native lending protocol amendment on the XRPL network, marking a significant step toward decentralized finance integration and onchain lending solutions.
This content is generated by AI for informational purposes only and does not constitute investment, financial, or trading advice.