Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Solana has landed in a pretty unique position within the blockchain world, becoming the network of choice for artificial intelligence agents.
A recent report from Franklin Templeton shows that around 70% of these virtual assistants depend on Solana’s capabilities for their operations.
This is reflective of the capability of Solana to process an extremely high volume of transactions with reasonable efficiency and a much lower cost than any other blockchain network.
The Emergence Of AI Agents AI agents are altering the digital realm. These advanced agents not only accomplish tasks but also make decisions and significantly improve operation efficiency in the crypto sector.
One of them is the Truth Terminal, an artificial intelligence chatbot which initially became popular for promoting a fictional religion but later attracted enormous attention by championing the meme coin, Goatseus Maximus, based on the Solana blockchain.
Such a project indicates how AI agents can impact the market dynamics as well as influence users in such a manner.
Intersection of AI Agents & the Crypto Ecosystem pic.twitter.com/dr621skRxy
— Franklin Templeton Digital Assets (@FTDA_US) January 14, 2025
Solana Competitive Advantage What sets Solana apart? Its high throughput and low transaction fees make it a perfect platform for AI applications. As demand for computing power continues to increase, developers are now realizing the benefits of developing on Solana.
With its scalable architecture, the blockchain can accommodate the data-intensive nature of artificial intelligence technology. This is significant since AI is still developing and permeating many different industries.
Innovative Projects Thriving There are already a lot of new projects starting up in the Solana environment. ARC is working on making rule-based AI bots that help people make decisions, while Zerebro is using the blockchain to make AI-generated music and NFTs. These projects show how AI can be used in a variety of ways on Solana, showing how flexible it is and how appealing it is to creators.
SOL market cap currently at $90.6 billion. Chart: TradingView.com Another highly interesting project is Nosana, which will build a decentralized grid of GPU resources running on Solana. It seeks to lower the costs for developers who require computing power to run their AI models by tapping into the idle GPUs from consumers and businesses. This will not only maximize resource utilization but also democratize access to this essential technology.
Market Potential And Future Outlook The market for AI tokens is growing even though it is still in its infancy; at present, it is worth about $4 billion, or barely 0.12% of the total value of the cryptocurrency market. However, this market has grown significantly; in a single day, some projects supported by Solana increased the overall market capitalization of AI tokens by 15%.
Featured image from The Elm, chart from TradingView
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Popular crypto analyst on X, cyclop (@nobrainflip) with 346,000 followers made a compelling argument for investors looking to maximize their returns through strategic altcoin investing. With Bitcoin (BTC) making a new all-time high, the focus has shifted to altcoins, which are poised for significant growth in the current bull cycle.
According to the analyst, the market moves in a predictable cycle, starting with a surge in BTC and ETH, followed by high-cap altcoins, and finally, the lower-cap coins. “We’re entering a phase where the real growth will be seen in altcoins, especially those that are new to the market. The first wave with Bitcoin and Ethereum has passed, and now it’s the altcoins’ turn to shine,” the analyst explained. He further claims:
You can still turn $1k into million this cycle. MATIC made 300x after the BTC pump last bull run. Wanna find the next MATIC? Ape in new shiny projects, no ADA, XRP, ATOM. Here’re 8 plays with 100x potential for this cycle.
Highlighting the strategic importance of choosing newer altcoins over veterans like ADA, XRP, and ATOM, the analyst pointed out, “New altcoins are not just about the novelty; they bring to the table advanced technologies, rapid development, and an eagerness to capture market share. This is not merely speculation; it’s a pattern supported by historical market behavior.”
The analyst’s selection of eight altcoins spans sectors with burgeoning potential: AI, GameFi, Layer 2 solutions, and meme coins, each chosen for its unique value proposition and growth trajectory.
Top 8 Altcoins To Turn $1,000 Into $1 Million enqAI (formerly known as noiseGPT) (ENQAI) emerges as a beacon in the artificial intelligence sector within crypto, boasting a market cap of $119 million. The platform’s dedication to uncensored, unbiased AI sets a new standard. “In a market hungry for innovation, enqAI represents the cutting edge of AI within the crypto space,” the analyst elaborates, underscoring the project’s unique position to capitalize on the AI revolution.
Jito Network (JTO) stands out with its strategic enhancements to the Solana ecosystem, featuring a market cap of $300 million. Through its JitoSOL liquid staking pool and MEV products, it aims to redefine efficiency. “Jito Network is not just supporting Solana; it’s propelling it forward,” says the analyst, highlighting its pivotal role in the ecosystem’s expansion.
ChainGPT (CGPT) introduces an avant-garde AI infrastructure designed for the Web3, Blockchain, and Crypto spaces, flaunting a market cap of $156 million. The integration of AI technologies heralds a new era for blockchain functionality. “ChainGPT is at the forefront of the AI and blockchain convergence,” the analyst notes, emphasizing its innovative approach.
Starknet (STRK), with a $1.7 billion market cap, shines as a ZK-Rollup Layer 2 scaling solution, championing Ethereum’s scalability without compromising security. The involvement of Ethereum co-founder Vitalik Buterin further elevates its stature. “Starknet’s innovation, backed by Ethereum’s own Vitalik Buterin, is set to play a crucial role in the next phase of blockchain scalability,” the analyst reflects, indicating a significant endorsement.
Celestia (TIA) marks a revolution in blockchain technology with its modular approach, boasting a $2.6 billion market cap. This innovation paves the way for simplified blockchain launches. “Celestia is redefining blockchain architecture, making it more accessible and scalable for future innovators,” the analyst explains, showcasing its potential to transform the blockchain landscape.
In the GameFi arena, Heroes of Mavia (MAVIA) captures attention with its strategic gameplay and immersive world, supported by a market cap of $178 million. This Web3 MMO strategy game merges gaming with blockchain in novel ways. “MAVIA isn’t just a game; it’s the future of integrated blockchain gaming,” the analyst states, highlighting its potential to redefine gaming experiences.
Milady Meme Coin (LADYS), adorned with a lively NFT collection and an engaging community, carves its niche with a market cap of $97 million. “Milady Meme Coin embodies the spirit of crypto’s culture, merging art with community in an unprecedented way,” the analyst comments, capturing the essence of its appeal.
SatoshiVM (SAVM) rounds out the list with its innovative Bitcoin ZK Rollup Layer 2 solution, showcasing a market cap of $51 million. Its approach to utilizing BTC for gas fees introduces a novel utility for Bitcoin. “SatoshiVM’s pioneering solution leverages Bitcoin’s security in a way that could redefine its application in the broader DeFi ecosystem,” the analyst anticipates, envisioning a new trajectory for Bitcoin’s utility.
At press time, JTO traded at $2.8677.
JTO price, 1-day chart | Source: JTOUSD on TradingView.com Featured image created with DALL·E, chart from TradingView.com
Seamless Protocol introduces leverage tokens on the Ethereum mainnet this week, bringing capital-efficient DeFi strategies to users through automated ERC-20 tokens.
Advertisement
Leverage Tokens, a Seamless Protocol innovation, enable one-click access to leveraged DeFi positions through tokenized strategies on Ethereum. The tokens encapsulate complex looping strategies within standard ERC-20 infrastructure for simplified user interaction.
Seamless Protocol has deployed Leverage Token smart contracts on Ethereum mainnet, delivering strategy automation directly to users via simple tokens. Two new partners are set to launch Leverage Token strategies on the network, enhancing looping capabilities for deeper onchain liquidity access.
Cantina conducted a security audit of the Leverage Token mainnet deployment, focusing on infrastructure for DeFi strategy automation within ERC-20 tokens. The launch expands composability for Ethereum-based dapps with tokenized leverage features for seamless integration.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Crypto-focused payment platform Ether.fi is shifting its Ether.fi Cash payment network from the Scroll blockchain to OP Mainnet. This transition will see nearly 70,000 active cards and over 300,000 accounts integrated into Optimism’s Superchain ecosystem within a few months. As Ether.fi prepares for a high-volume asset migration, company executives say the move aims to make its consumer applications more efficient and scalable under the new infrastructure.
OP Mainnet Ushers in a New Phase for Ether.fi CashEther.fi, renowned for its innovative restaking services, has been earning rapid recognition in the decentralized finance landscape. By 2024, the platform widened its offerings with Ether.fi Cash, making stablecoin spending and real-world card payments possible for users. Through Ether.fi, customers can either spend stablecoins directly or use staked assets such as eETH as collateral to fund real Visa transactions. The platform claims its cards alone now account for nearly half of all crypto-powered card transactions in the market.
Strategic Rationale for Network MigrationSelecting the right network—one that offers speed and deep liquidity—remains at the heart of every successful crypto payment solution. Ether.fi representatives emphasize that Optimism’s liquidity depth is better suited for this use case than Scroll’s ZK-rollup technology. Throughout the transition, Ether.fi will absorb all card transaction gas fees on behalf of users. The platform currently processes about $2 million in daily spending volume, underscoring the scale of its operations.
Technical and Operational Considerations in MigrationDuring the transition, Ether.fi will utilize support from OP Enterprise and adopt its shared codebase. Ether.fi Cash is recording around 2,000 internal swaps and an impressive 28,000 spending transactions each day, with these numbers reportedly doubling every two months. To ensure users don’t experience disruptions, the protocol is absorbing all transaction costs during the switch. Efficiency and capital effectiveness have been the guiding forces behind this network migration.
According to company data, as many as 3.6 billion transactions took place on the OP Stack infrastructure in the second half of 2025 alone. With Ethereum-based Layer 2 solutions expanding their market share at a brisk pace, the technical advantages and capacity of the Superchain ecosystem position Ether.fi to reach broader audiences at higher speeds.
As Ether.fi consolidates its presence on OP Mainnet, it will leave behind significant daily transaction volume on Scroll. This shift strengthens OP Mainnet’s standing in the ecosystem by integrating a high-volume, loyal user application, while Scroll is set to lose a considerable chunk of daily activities as a result.
Elsewhere in the Ethereum ecosystem, more projects are moving toward tried-and-tested infrastructures that offer mature liquidity and robust reliability over emerging technologies. On the user side, despite backend technical differences, the priority remains a seamless card payment experience without friction or delays.
The Ether.fi team explained that users won’t notice any changes in transaction fees during the migration, emphasizing that their long-term vision is to enable global, on-chain real-world payments.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The decentralized organization behind the Ethereum-based Scroll network has announced a plan to dissolve its Security Council and transfer full control of the network to an internal team. The move comes on the heels of significant drops in both user activity and asset flows on the platform. In recent months, Scroll’s leading decentralized application, Ether.fi, departed with 300,000 users for the Optimism mainnet, resulting in a sharp $160 million outflow from Scroll’s total assets.
Major changes in governance structureUntil now, Scroll’s governance was overseen by a community-driven Security Council. However, the core team has argued that the council’s operating costs no longer justify its continuation, prompting a push toward a new management model. In a message to the community, the team noted that maintaining the current system incurs unnecessary financial burdens. As part of the proposed plan, many DAO contributors will see their roles eliminated, and the responsibilities of operational committees will be reduced.
With the Security Council’s approval, management transition to the internal team is expected to conclude within the next 10 days. The Scroll team emphasized that all decisions and updates to smart contracts will remain fully transparent and verifiable on-chain.
Fee hikes and user discontentEarlier this year in March and April, the Scroll network faced renewed attention after a sudden spike in transaction fees. According to independent analytics firm L2BEAT, Scroll briefly raised its data transmission fee by a staggering 1,280 times at the beginning of April. This dramatic technical adjustment led to seemingly extraordinary increases in 30-day aggregate on-chain fees. However, the team clarified that the spike was artificial and did not reflect organic user demand.
The temporary fee hike forced users to pay an additional $50,000 in transaction costs, whereas under normal circumstances, such activity would have totaled about $280. The inflated fees were rolled back to normal levels as of April 9.
Ether.fi migration deepens declineA significant blow to Scroll came with the departure of Ether.fi, a major decentralized finance (DeFi) application built on Ethereum. As Ether.fi moved 300,000 accounts and hefty transaction volume to the Optimism network, analytics from DeFiLlama show roughly $13 million in annual fees also left Scroll. This migration pushed the total value locked (TVL) on Scroll down to $23 million.
When comparing the Security Council’s recent operation and cost, the Scroll core team concluded, “We don’t think it makes sense to continue.”
Scroll’s structural overhaul, along with recent high-profile migration of apps and funds, have triggered concerns about the network’s future viability. It remains to be seen whether user and capital outflows will continue and just how effective the new governance model will prove to be.
Recent events have also sparked debate among community members about the trade-offs between security, decentralization, and operational efficiency on the network. Some users have voiced disappointment over the abrupt changes while others acknowledge the tough decisions required in challenging conditions.
Industry watchers point out that such governance shifts are not uncommon as decentralized projects mature and encounter new operational challenges. The Scroll team has pledged to maintain transparency throughout the transition process and to address community feedback wherever possible.
Besides the core governance transition, Scroll’s operational roadmap for the coming months will focus on stabilizing user engagement and rebuilding trust after the fee controversy and asset outflows.
Observers say the Scroll network’s next phase will be a key test of its adaptability, technological resilience, and ability to regain lost user and asset traction. Many in the blockchain ecosystem are watching closely to see how Scroll navigates its most critical period yet.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
May 28: Scroll co-founder Sandy Peng argues in a new article that the quantum computing threat to Bitcoin isn’t a physical hurdle—it’s a governance and coordination challenge, not a technical one. A March whitepaper from Google Quantum AI estimates breaking Bitcoin’s secp256k1 elliptic curve with an optimized Shor’s algorithm would require roughly 1,200 logical qubits; that’s nearly 20 times fewer than projections from five years ago. IonQ’s official roadmap targets 1,600 logical qubits by 2028, while IBM plans to launch its 2,000-qubit Blue Jay system by 2033. This puts the quantum threat timeline at roughly a decade, possibly even shorter. Attacks will unfold in waves. The most vulnerable targets are early P2PK-formatted Bitcoin addresses, where public keys are permanently recorded on the blockchain. This includes over 1 million bitcoins mined by Satoshi Nakamoto in Bitcoin’s early days—funds that can’t be moved to secure them because the private key’s holder is unknown. Additionally, a so-called “collect first, decrypt later” attack could already be underway: intelligence agencies don’t need to wait for full quantum computer maturity to exploit this, as they can simply store encrypted data now to decrypt it later once quantum tech advances. Once quantum computers are ready, unconfirmed transactions in the mempool will face real-time double-spend attacks within Bitcoin’s typical 10-minute confirmation window. Though NIST released post-quantum cryptography algorithm standards in 2024, migrating Bitcoin to these standards comes with steep costs: studies suggest network throughput would drop by 52% to 57%, transaction fees would double or triple, and storage requirements would rise significantly. This amounts to a “defensive downgrade”: costs hit immediately, while benefits are abstract and far in the future. That makes consensus near-impossible for the Bitcoin community, which took nearly two years to even reach agreement on the SegWit upgrade. By contrast, Vitalik Buterin has already rolled out an Ethereum quantum emergency roadmap that lets individual accounts switch to quantum-resistant signatures autonomously—no network-wide vote required. Peng warns Bitcoin won’t collapse to zero, but its survival path is narrower than optimists claim, and the quantum threat window almost exactly overlaps with the 10 to 15 years the Bitcoin community will need to build consensus. Early Bitcoin holders are advised to check their address formats and migrate promptly, while institutional investors should integrate a “post-quantum migration roadmap” into their due diligence frameworks.
Relevant content
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on April 28th that, according to SoSoValue data, the cryptocurrency market generally saw a pullback. The Meme sector fell 3.45% in the last 24 hours, with SPX6900 (SPX) down 6.73% and MemeCore (M) down 14.74%. However, Pump.fun (PUMP) bucked the trend, rising 4.14%. Meanwhile, Bitcoin (BTC) rose 2.51% before falling below $78,000, while Ethereum (ETH) fell 3.71%, dropping to around $2,300.
It is worth noting that only the NFT sector rose by 2.29%, with Pudgy Penguins (PENGU) rising by 10.01% and SuperVerse (SUPER) rising by 3.74%.
In other sectors, the DeFi sector fell 1.72% in the last 24 hours, with Jupiter (JUP) rising 5.35%; the CeFi sector fell 1.78%, with Aster (ASTER) falling 2.72%; the Layer 1 sector fell 2.31%, with Solana (SOL) falling 2.95%; the PayFi sector fell 2.91%, with SafePal (SFP) rising 2.39% intraday; and the Layer 2 sector fell 3.13%, with Starknet (STRK) falling 5.45%.
PANews reported on April 30th that, according to SoSoValue data, the cryptocurrency market saw mixed performance, with the meme sector performing relatively well, rising 3.89% in the last 24 hours. Specifically, Dogecoin (DOGE) rose 7.40%, BUILDon (B) rose 9.16%, and SPX6900 (SPX) and Siren (SIREN) rose 3.87% and 4.84% respectively. Meanwhile, Bitcoin (BTC) fell 0.30% to $77,000, while Ethereum (ETH) fell 0.87%, remaining above $2,200.
Other sectors that performed well include: the AI sector, which rose 1.11% in the last 24 hours, with SkyAI (SKYAI) surging 27.53%; and the Layer 2 sector, which rose 0.19%, with Arbitrum (ARB) rising 2.97%.
In other sectors, the PayFi sector fell 0.12%, but Trust Wallet (TWT) rose 0.95%; the Layer 1 sector fell 0.39%, while Aptos (APT) surged 4.75% intraday; the CeFi sector fell 0.55%, while Bitget Token (BGB) remained relatively strong, rising 1.08%; and the DeFi sector fell 1.06%, while Terra Luna Classic (LUNC) bucked the trend, rising 8.83%.
When a major exchange lists a token that barely hides its meme origins, the market listens. Upbit, South Korea’s dominant cryptocurrency trading platform, has announced it will list SPX6900 (SPX) against the Korean won, Bitcoin, and Tether, with deposits already open and trading set to start at 14:00 KST on June 16. The token is issued on Ethereum, making it another entrant in the meme coin sector that continues to attract speculative capital. The announcement appeared in a notice highlighted by WuBlockchain.
SPX6900’s ticker and name are an obvious nod to the S&P 500 index, the “69” suffix being a staple of internet meme culture. While the project’s official literature may paint a picture of community governance and DeFi use cases, its primary driver appears to be the same as most meme tokens: viral narrative and retail momentum. That hasn’t stopped major exchanges from embracing such assets. Upbit itself has listed Dogecoin and Shiba Inu in the past, and the debut of SPX6900 on a fiat on‑ramp exchange could funnel fresh Korean won into the token.
Why an Upbit listing matters Korean exchanges operate in a regulatory environment that demands thorough vetting of listed assets. A listing on Upbit is often interpreted as a signal that the token has passed the exchange’s compliance checks, even if its underlying value proposition remains thin. For SPX6900, that vetting opens the door to one of the world’s most active retail crypto markets. Korean traders are known for their outsized influence on altcoin prices, sometimes creating the so‑called Kimchi premium when local demand outstrips global supply.
Korean crypto communities on platforms like Kakaotalk and Naver were already buzzing about the listing hours before trading opened, a pattern seen with previous meme coin additions. The availability of KRW, BTC, and USDT trading pairs ensures that SPX6900 will be accessible to both local won‑based traders and international users who prefer dollar‑pegged entry points. The BTC pair, in particular, allows crypto‑native traders to rotate profits from Bitcoin into a high‑beta altcoin without touching fiat. Meme tokens have repeatedly appeared among the top gainers in weekly rankings, drawing attention from traders chasing momentum rather than fundamentals.
Ethereum remains the meme coin settlement layer SPX6900 is an ERC‑20 token, meaning it settles on Ethereum. This is notable because meme coin activity has mostly moved to Solana and Base due to lower fees. Ethereum, however, still provides the deepest liquidity and the most robust security guarantees for projects that hope to land on institutional-facing venues like Upbit. The network continues to dominate blockchain developer activity charts, a sign that its ecosystem remains central to new token launches.
Deposits for SPX are open on the Ethereum network only, with no mention of any layer‑2 bridge. That decision, whether technical or logistical, concentrates initial liquidity on a single chain and avoids the fragmentation that often plagues multi‑chain meme tokens. It also imposes higher deposit costs for users, which could dampen some retail enthusiasm but may attract larger players comfortable with Ethereum gas fees.
Uncertainty after the listing pop New listings on large exchanges often produce a brief price spike as arbitrageurs and market makers establish positions. Whether SPX6900 can sustain any listing‑driven momentum is less clear. Meme tokens typically rely on social media cycles that fade quickly. Korean regulators have also been tightening oversight of exchanges, and sudden volatility in newly listed tokens could draw scrutiny. Upbit, for its part, has maintained a careful approach to listings but has not shied away from speculative assets that generate trading volume.
For traders, the immediate question is whether SPX’s debut will mimic the explosive, short‑lived rallies seen with other meme coin listings on Korean platforms. The three‑pair launch gives the token more avenues for order flow than a typical KRW‑only listing, but the underlying tokenomics and community traction remain unproven. The next few hours will show whether SPX6900 can convert meme momentum into real liquidity on one of Asia’s biggest crypto exchanges.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Imagine a world where AI agents hire other AI agents, pay them, verify the work, and settle up, all without a human touching a single button. That’s the pitch behind ERC-8183, a new Ethereum standard that just got its first official builder session, co-hosted by Virtuals Protocol and the Ethereum Foundation’s dAI team.
The standard was proposed on February 25, 2026, by a team that includes Davide Crapis and Bryan Lim. It defines a protocol for onchain agent commerce, essentially giving autonomous AI agents a structured way to do business with each other on Ethereum.
What ERC-8183 actually does ERC-8183 introduces what it calls a “Job” primitive. Each Job comes with an escrowed budget, meaning the funds are locked up front so neither party can rug the other.
Advertisement
The standard defines a four-state lifecycle for every Job: Open, Funded, Submitted, and Terminal. The framework also includes evaluator attestation, which means a neutral third party (or mechanism) verifies that the work meets the requirements before payment is released.
ERC-8183 is designed to integrate with ERC-8004, a separate proposal focused on agent reputation. Together, they form a two-layer system: one for doing the work, one for tracking who does good work.
Why Virtuals Protocol is involved Virtuals Protocol co-developed the ERC-8183 standard alongside the Ethereum Foundation. The project has previously managed over $3 million in agent transactions without escrow, operating in the exact pain-point space that ERC-8183 is designed to solve.
The platform currently hosts a community of over 17,000 agents and has reported revenue of $39.5 million.
What this means for investors The VIRTUAL token is trading at approximately $0.70 as of late March 2026, with a market capitalization of roughly $457 million.
If ERC-8183 gains adoption as the default standard for AI agent commerce on Ethereum, Virtuals Protocol, as a co-developer with an existing agent ecosystem, would be among the first to benefit. Projects like Autonolas and Fetch.ai are also building their own frameworks for agent interaction, making developer adoption the key variable to watch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Imagine a world where AI agents hire other AI agents, pay them, verify the work, and settle up, all without a human touching a single button. That’s the pitch behind ERC-8183, a new Ethereum standard that just got its first official builder session, co-hosted by Virtuals Protocol and the Ethereum Foundation’s dAI team.
The standard was proposed on February 25, 2026, by a team that includes Davide Crapis and Bryan Lim. It defines a protocol for onchain agent commerce, essentially giving autonomous AI agents a structured way to do business with each other on Ethereum.
What ERC-8183 actually does ERC-8183 introduces what it calls a “Job” primitive. Each Job comes with an escrowed budget, meaning the funds are locked up front so neither party can rug the other.
Advertisement
The standard defines a four-state lifecycle for every Job: Open, Funded, Submitted, and Terminal. The framework also includes evaluator attestation, which means a neutral third party (or mechanism) verifies that the work meets the requirements before payment is released.
ERC-8183 is designed to integrate with ERC-8004, a separate proposal focused on agent reputation. Together, they form a two-layer system: one for doing the work, one for tracking who does good work.
Why Virtuals Protocol is involved Virtuals Protocol co-developed the ERC-8183 standard alongside the Ethereum Foundation. The project has previously managed over $3 million in agent transactions without escrow, operating in the exact pain-point space that ERC-8183 is designed to solve.
The platform currently hosts a community of over 17,000 agents and has reported revenue of $39.5 million.
What this means for investors The VIRTUAL token is trading at approximately $0.70 as of late March 2026, with a market capitalization of roughly $457 million.
If ERC-8183 gains adoption as the default standard for AI agent commerce on Ethereum, Virtuals Protocol, as a co-developer with an existing agent ecosystem, would be among the first to benefit. Projects like Autonolas and Fetch.ai are also building their own frameworks for agent interaction, making developer adoption the key variable to watch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Word on the street is that Ethereum is ready for an early Christmas. The cryptocurrency’s accumulation addresses received a whopping $883M on February 7 – the highest daily inflow ever.
Moreover, long-term holders are now holding over $19.24M worth of $ETH, which is also a record.
This number, by the way, has jumped 20.55% in 2025, which, combined with the fact that $ETH’s price has dropped by 20.75% this year, reflects investors’ confidence in Ethereum.
Simply put, an increasing number of investors are HODLing Ethereum, expecting a big move in the near future.
Further evidence that $ETH’s record-breaking daily info is a bullish sign is the observation that Ethereum’s price shoots up after accumulation peaks like this.
For instance, Ethereum’s price rose by 35% just two months after 244K ETH (a record at that time) were accumulated on a single day (on February 26, 2023).
With Ethereum set to test (and potentially break) all-time highs, we’ve picked 6 meme coins to explode and follow $ETH on its upwards trajectory.
1. Solaxy ($SOLX) – Best Meme Coin to Buy In 2025 Solaxy ($SOLX) has arrived at just the right time for Solana. Although $SOL has been pretty sensational of late – 89% gains in the last one year – plus it’s now holding support and is ready for a breakout, it has admittedly been struggling to accommodate the growing number of users.
This is where Solaxy comes in. As the first layer 2 solution on Solana, $SOLX will solve the problems of network congestion, failed transactions, and limited scalability on the blockchain.
The $SOLX presale has been well received by both retail traders and whales alike. For instance, a whale bought $122K $SOLX just over a month ago.
The total presale raise now stands at an impressive $19M, with each token currently being offered at just $0.00163. If this is your first time investing in a crypto presale, here’s a detailed guide on how to buy $SOLX.
2. MIND of Pepe ($MIND) – Leverage AI to Become a Profitable Crypto Trader MIND of Pepe ($MIND) is a one-of-a-kind fusion between AI and crypto that promises to alter how retail traders have been approaching the crypto market.
It’s a self-evolving AI agent that constantly talks to crypto influencers and communities on dApps and social media sites like X, listening to their beliefs and biases regarding crypto.
Next, $MIND organizes and then declutters all that information to offer trading signals and unique market insights to its token holders.
Additionally, MIND of Pepe is also capable of shaping conversations and hype online, acting as a catalyst for new trending cryptos that it has recommended to its community.
Simply put, this frog-inspired meme coin is poised for tremendous growth, as it’s a sigh of relief for retail crypto traders who have been struggling to make consistent profits.
You can buy 1 $MIND for $0.0032924 if you get in right now. The $MIND madness has already raised over $5.5M, and it doesn’t look like slowing down. Here’s how to buy $MIND.
3. Meme Index ($MEMEX) – The Meme Coin Market Is No Longer Risky Meme Index ($MEMEX) is one of the best cryptos to buy now because it has the potential to not only change how people view the memecoin market but also attract more investors to this corner of crypto.
Taking inspiration from how index funds function in stock markets, $MEMEX is the first provider of meme coin baskets.
It offers four baskets of meme coins, ranging from the very safe Meme Titan Index (includes only the top cryptos in the world) to the high-risk, high-reward Meme Frenzy Index.
There’s also the Moonshot Index and the Meme Midcap Index, which offer handsome returns in exchange for a decent risk appetite.
All in all, because $MEMEX simplifies and diversifies meme coin investing, it has the potential to put crypto alongside the major financial markets in the world.
Meme Index is currently in presale, where it has already raised $3.5M. Each token is now available at $0.0160352, but hurry up because the price increases in the next few hours.
4. Department Of Government Efficiency ($DOGE) – Benefit from the Musk-Led New US Govt Body We’re all well aware of the OG $DOGE, but with Donald Trump winning the elections and Elon Musk getting his own way, there’s a new DOGE in town – Department of Government Efficiency.
Although the name of this US government department is indeed amusing, the work it does (or at least aspires to do) is very serious.
Under the leadership of Musk, DOGE wants to reduce bloated federal spending, alleviating the tax burden on US citizens.
DOGE’s X account constantly updates about the good work it has been doing. For instance, the organization has apparently saved over $5B in just the last two days by terminating wasteful contracts.
As a result, this ETH-based token finds itself on the list of top gainers. It’s up by a mind-boggling 35% in the last 24 hours.
Moreover, with a lifetime return of over 12,000% and truckloads of more fruitful work ahead, this $DOGE (currently priced at $0.065) is undoubtedly one of the top crypto buys under $1.
5. SPX6900 ($SPX) – Unique S&P 500 Index Meme Coin SPX6900 is another meme coin that has reacted positively to ETH’s accumulation news. It has jumped by over 8% today – and nearly 40,000% in the last year!
Built on the Ethereum network, SPX6900 is an S&P 500-based meme coin that has an amusing goal of reaching 69T in valuation. Of course, there’s no point digging into the “why” of this fictional index’s mission.
Thanks to SPX6900’s large community (82K followers on X and over 19K subscribers on its Telegram) and never-ending social media hype, it’s currently one of the best new cryptocurrencies.
Currently trading at $0.67, the token also boasts a massive market cap of $624M, which is one of the biggest in the entire industry.
Verdict Everything considered, it’s worth noting that even the best meme coins to explode aren’t free from the clutches of the overall crypto market’s volatility.
That’s why you should only invest an amount you’re comfortable sidelining for the foreseeable future.
Also, none of the above is a substitute for financial advice, and you must always do your own research before investing.
The market for tokenized commodities has blown past $6B, mostly thanks to demand for gold-backed tokens in an uncertain economy. This trend shows a split market: money is flowing to both safe havens and high-risk, high-reward speculative plays. Maxi Doge ($MAXI) is tapping into a unique, high-energy trading culture to build its community with gamified competitions. Whale wallets are accumulating and the presale has pulled in over $4.5M, signaling strong early interest in the project. With Bitcoin trading sideways, a different kind of digital asset is quietly booming.
The market for tokenized commodities has surged past $6B in total value, according to recent industry data. This growth is predominantly fueled by gold-backed tokens like Tether Gold (XAUT) and Pax Gold (PAXG), which together command the lion’s share of this growing sector.
As gold itself tests new highs, investors are increasingly turning to its on-chain counterparts for exposure, seeking the stability of a millennia-old store of value combined with the efficiency of blockchain technology.
Why does this matter? It signals a profound shift in market psychology. In a climate of macroeconomic uncertainty and ranging crypto prices, capital is flowing toward assets with perceived safety and tangible value. Tokenized gold offers just that, the ability to hold a claim on physical gold without the custody headaches, settled on-chain with near-instant finality.
But that’s only half the story. While one cohort of investors hedges with digital gold, another is hunting for alpha at the opposite end of the risk spectrum. Those same market conditions also fuel an appetite for high-octane, speculative plays capable of delivering outsized returns. What most coverage misses is that these trends aren’t contradictory. In a market desperate for direction, they’re two sides of the same coin.
This environment has become the perfect breeding ground for a new class of meme tokens built not just on humor, but on a culture of aggressive market participation.
Enter Maxi Doge ($MAXI), an Ethereum-based meme token that embodies the high-leverage, ‘1000x’ trading mentality.
Read more about $MAXI here.
From Safe Havens to High-Leverage Culture Where tokenized gold offers stability, a new project channels the market’s raw, unfiltered energy. It’s a direct response to a market where retail traders often feel outgunned by whales.
Frankly, Maxi Doge ($MAXI) isn’t just another canine-themed coin. It’s a cultural statement built around strength, discipline, and the relentless grind of the bull market.
The project’s ecosystem is designed to foster a community of active traders. Its core features include holder-only trading competitions with leaderboards and rewards, creating a gamified environment for profit-and-loss hunters (a clever move, really). This transforms passive holding into active engagement.
Plus, the ‘Maxi Fund’ treasury is designated for securing liquidity, funding partnerships with futures platforms, and amplifying its viral, gym-bro marketing narrative.
The second-order effect is the creation of a self-reinforcing community. By building its identity around the ‘Lift, trade, repeat’ mantra, Maxi Doge taps into a powerful subculture that equates financial ambition with physical strength. Is it unconventional? Absolutely.
But in the attention economy of crypto, a unique and resonant narrative is often the difference between obscurity and viral adoption.
$MAXI is available here.
On-Chain Data Signals Early Strength And that narrative is translating into tangible results.
According to its official site, the Maxi Doge presale has already attracted significant capital, pulling in an impressive $4.59M with tokens priced at $0.0002803. That level of funding suggests the project’s high-energy message is resonating with a market segment hungry for the next big meme-driven rally. But can it last?
As with any meme coin, the real risk is sustaining momentum after the launch, a challenge that hinges entirely on community execution.
Digging deeper, on-chain data reveals that smart money is taking notice. Etherscan records show two whale wallets have scooped up a combined $628,000 in $MAXI tokens. The biggest buy was a single quarter-million-dollar ($314K) transaction on October 11, a clear signal of high conviction from at least one major player. For market observers, such movements are often a leading indicator of a project’s potential.
To further incentivize its community, the project incorporates a dynamic staking APY. Rewards are distributed automatically via smart contract from a dedicated 5% allocation pool, providing a yield-bearing component for holders. Looking ahead, the critical test for Maxi Doge will be its ability to integrate with trading platforms and deliver on its promise of gamified tournaments. That’s what will truly bring its high-leverage culture to life.
It’s a project to watch closely. Join the Maxi Doge presale and experience the next wave of community-driven crypto innovation.
Buy your $MAXI here.
This article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are inherently volatile and risky.
Solana’s price action this year has followed a clear but uncomfortable pattern. After pushing to a new all-time high around the $296 region in January, the rally quickly lost momentum and transitioned into a steady decline that has persisted for months.
Many traders have attributed this weakness to a risk-off sentiment across crypto, but a deeper on-chain breakdown shared by crypto analyst Ardi on X suggests the story began well before the January peak and has more to do with who was buying and who was quietly exiting.
Distribution Was Already Underway Before The January Peak Solana has been on a clear downtrend since September, when it reached a lower high of around $247 compared to its January 19 all-time high of $293. One of the most important insights from Ardi’s analysis is that Solana’s January all-time high did not mark the start of distribution but rather the culmination of it.
The chart attached to his post shows that selling volume was already increasing months earlier, well ahead of October, meaning that large holders were positioning for exits long before price reached its final peak. From that perspective, the January high looks less like the beginning of a new expansion phase and more like the last push of a rally.
Source: Chart from Ardi on X After that point, price action began forming lower highs, and each rebound attempt lacked the strength needed to reclaim the all-time high. Interestingly, Solana failed to reach a new all-time high, even as other large market cap cryptos like Bitcoin, Ethereum, XRP, and BNB pushed to new all-time highs during the year.
Another interesting feature of the data is the widening gap between retail behavior and that of larger players. Cumulative delta metrics on the chart show that retail-sized wallets have been consistently active throughout the year and are increasing their activity even as Solana’s price moved lower.
On the other hand, mid-sized and institutional wallets tell a very different story. Their activity has been trending downward for months, starting from the January peak and extending up until the time of writing.
Is Solana’s Price Becoming Dependent On Memecoin Activity? Ardi’s analysis also raises a broader question about what is currently driving demand for Solana. Outside of retail activity on Solana itself, one of the few consistent sources of activity has been the memecoin sector. Successes and booms of meme coins like Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT), and Fartcoin (FARTCOIN), which gained traction in the second half of 2024, contributed to Solana’s push to all-time highs during those periods.
Those meme coin successes culminated with the launch of the Official Trump ($TRUMP) token in January 2025 on Solana, which experienced eye-watering gains shortly after its launch. This, in turn, contributed to Solana’s all-time high in January.
However, since then, the TRUMP token and other Solana-based meme coins have been trending downwards in recent months and no longer command the same level of attention or trading intensity they had this time last year. That has led to the view that Solana’s price is increasingly sensitive to the success of memecoins in its ecosystem.
At the time of writing, Solana is trading at $121.50, down by about 58.6% from its January all-time high of $293.
SOL trading at $121 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com
PANews, June 23 – According to the official Lido blog, Lido DAO has voted via Snapshot to revoke the “canonical” bridging endpoint designation for wstETH on nine networks: zkSync Era, Mode, Scroll, Mantle, Swell, Zircuit, Soneium, Polygon PoS, and Lisk. This move represents a resource reallocation at the governance level and does not affect the technical operation of the relevant bridges and contracts. Users can still hold, transfer, or bridge wstETH back to Ethereum on the above networks as normal. Lido will discontinue security monitoring and ecosystem and market support for these networks but will not set a migration deadline.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Kevin Warsh, recently nominated for Federal Reserve Chair, has filed an extensive financial disclosure revealing personal assets exceeding $100 million. His portfolio spans crypto, artificial intelligence ventures, and private equity investments. The document, submitted to the US Office of Government Ethics, marks the final administrative requirement ahead of his potential Senate confirmation hearings.
Warsh’s wealth includes major crypto and tech investmentsThe 69-page financial disclosure outlines a strikingly broad investment strategy. Among the largest reported holdings are two stakes, each over $50 million, in the Juggernaut Fund LP, a private investment vehicle. Warsh also reported $10.2 million in consulting income from the investment office of billionaire Stanley Druckenmiller.
Additional assets are held under THSDFS LLC, with around two dozen individual positions, each valued up to $5 million. Details for these holdings were not fully disclosed, owing to confidentiality commitments. Together, these investments form a significant portion of Warsh’s declared financial interests.
Many assets not listed with explicit values are reported to relate to artificial intelligence and cryptocurrencies, suggesting diversified exposure to emerging technologies. Notably, he holds positions in Blast, an Ethereum layer-two scaling project, signaling engagement with blockchain infrastructure.
Warsh’s stake in Bitwise Asset Management also stands out. Bitwise is recognized for its role in managing a prominent US-listed spot Bitcoin ETF, underlining Warsh’s connection to major players in digital asset investment domains.
The disclosure process required Warsh to commit to divesting from the Juggernaut Fund and THSDFS LLC if confirmed. Heather Jones, a senior analyst with the Office of Government Ethics, officially signed off on the document, noting compliance will be secured following the divestitures.
Uncertainty looms over Senate confirmation timelineWhile Warsh has cleared the main hurdles for ethics review, the Senate Banking Committee must still set a date for his confirmation hearing. Initially, the committee considered April 16, but pending filings caused postponement beyond that window.
Public attention around the nomination process has increased due to additional political factors. Senator Thom Tillis of North Carolina has stated his intention to hold up any vote on Federal Reserve nominations until a criminal investigation involving current Fed Chair Jerome Powell is settled. Powell’s term concludes on May 15, making the timeline increasingly tight.
Tillis has publicly asserted that no nominees will advance until the Department of Justice completes its review. In his words,
“I will oppose the confirmation of any Federal Reserve nominee, including for the position of Chairman, until the DOJ’s inquiry into Chairman Powell is fully and transparently resolved.”
Kevin Warsh previously served as a Federal Reserve Board governor from 2006 to 2011. He is known for his Wall Street background and his work as a visiting fellow at Stanford University’s Hoover Institution. Warsh has been active in both advisory and academic circles, providing commentary on economic policy and central bank reform.
Despite having completed the required ethics paperwork, Warsh now faces a potentially unpredictable confirmation schedule driven by external legal proceedings and Senate leadership decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
On June 22, 2026, the US spot Bitcoin ETF market recorded net outflows of $68.18 million. This decline is explained by massive redemptions on BlackRock’s IBIT and Grayscale’s GBTC. These outflows completely overshadowed the positive performance of Ark Invest (+$64 million) and Fidelity (+$57.38 million). Above all, it reflects a strong polarization among institutional investors.
In Brief Bitcoin ETFs show a net loss of $68.18 million during the June 22, 2026 session. Ark Invest (ARKB) and Fidelity (FBTC) nonetheless attracted a combined inflow of $121.38 million, proving continued buying demand. Ethereum funds also recorded a decline of $66.38 million, while Bitwise’s XRP gained $5.31 million. The total net assets under management of Bitcoin ETFs reach $80.22 billion, confirming the structural anchoring of these products in institutional portfolios. Bitcoin ETFs Remain Under Pressure Despite Some Positive Signs At first glance, the session on June 22, 2026, in the US spot Bitcoin ETF market looks like an ordinarily bearish day. Analysts also reveal a record withdrawal of $6.35 billion over 30 days. However, SoSoValue’s data highlights a more complex reality: never before has a day in negative territory hidden so many active institutional purchases.
ARK & 21Shares lead the charge with $64 million in net inflows into their ARKB fund, closely followed by Fidelity’s Bitcoin ETF, which captured $57.38 million. Together, these two issuers have absorbed over $121 million in spot bitcoin.
Chart showing the evolution of Bitcoin ETF flows (Source: SoSoValue) Additional inflows include:
Grayscale Bitcoin Mini Trust: +$48.14 million Morgan Stanley’s MSBT: +$8.11 million Franklin Templeton’s EZBC: +$3.72 million WisdomTree’s BTCW: +$3.40 million In total, the aggregated demand from six ETF issuers exceeded $228 million. This represents one of the largest coordinated buying days in several weeks.
The Weight of BlackRock and Grayscale Tips the Bitcoin ETF Market Certainly, the buyer base remains solid. However, the Bitcoin ETF market was overwhelmed by extreme concentration of outflows on two specific investment vehicles.
The main culprit of this institutional Black Monday is BlackRock’s IBIT (iShares Bitcoin Trust). The asset management giant suffered massive outflows of $171.96 million in a single session. It had just launched the first-ever yield-bearing Bitcoin ETF.
Meanwhile, the GBTC (Grayscale Bitcoin Trust) records a disinvestment of $80.96 million. The manager tries to offset these losses through its Mini Trust. However, the historically high management fees of GBTC structurally encourage early investors to migrate to more competitive structures or take profits.
Beyond Bitcoin: Ethereum Stumbles, While XRP Surprises The spot Ethereum ETFs had an even tougher day. The data reveal a net loss of $66.38 million, almost entirely attributable to BlackRock’s ETHA fund. The only positive inflow on Ethereum that day came from 21Shares’ TETH, with $346,070 of inflows. The total net assets of Ethereum ETFs stand at $9.44 billion, with a daily volume of $433.10 million.
For crypto assets alternative to bitcoin, the XRP ETFs are the only source of color in an overall red picture. Bitwise captured $5.31 million, bringing the total net assets of the XRP category to $993.29 million. This represents a symbolic drop of $7 million from the billion-dollar mark. A threshold to watch in the coming sessions!
The Solana and HYPE ETFs remained completely inactive on this day. Solana’s assets stand at $836.09 million, and HYPE’s at $219.58 million.
In any case, this trading session highlights the end of the homogeneity of institutional flows on cryptocurrencies. Upcoming flow reports and US monetary policy decisions will be crucial to determine whether this phase of weakness marks a simple pause or the beginning of a new cycle for Bitcoin ETFs. Stay tuned…
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The total value locked (TVL) across decentralized finance (DeFi) protocols has dropped sharply since the start of the year. According to CryptoRank data, the TVL in DeFi plunged from around $115 billion in January to $70 billion by the end of June. This represents a staggering $45 billion decline in just six months.
Decline persisted throughout the yearOn-chain analyses show that DeFi TVL decreased every month throughout 2026. Among the top ten blockchain networks, only Tron and Hyperliquid managed to achieve positive growth this year. TVL on the Tron network rose by roughly 5%, while Hyperliquid saw an increase of about 7%.
Tron’s growth was attributed to the network’s dominant role in USDT transfers and stablecoin settlements. Meanwhile, Hyperliquid’s rise was linked to its prominence in on-chain perpetual futures trading.
Mini glossary: Perpetual futures are derivative products without a set expiration date. To keep prices close to the spot market, a funding mechanism is usually used.
Of the top ten blockchains, Arbitrum experienced the steepest drop. Its TVL sank 55.3% to $1.3 billion. While Ethereum’s TVL fell 43% since January, it still led the DeFi space with $38.9 billion locked. Solana also declined 40.5% to $4.93 billion over the same period.
According to CryptoRank, DeFi’s TVL declined every month in 2026. Among major chains, only Tron and Hyperliquid remained in positive territory for the year.
Falling market caps added to the pressureDeFi outflows mirrored the broader cryptocurrency market’s correction. Data in the report shows bitcoin reached an all-time high above $122,000 in October 2025, with the total crypto market cap peaking at $4.21 trillion during the same period.
By the end of June, the total crypto market cap stood at $2.15 trillion, indicating a nearly 50% drop from last year’s peak. Bitcoin’s value is down more than 28% year-to-date. Ethereum has lost up to 43%, while BNB fell 33% and Solana tumbled 43.5% in the same timeframe.
Security breaches accelerated outflowsCryptoRank highlighted that this year’s high rate of security breaches contributed to the DeFi sector’s unraveling. Up to late June 2026, 121 attacks were recorded in the crypto industry, resulting in crypto losses totaling nearly $942 million. Of these, 85 incidents occurred in the second quarter alone, accounting for losses of around $775 million.
In the second quarter, KelpDAO lost $293 million after a vulnerability was exploited on a LayerZero-based cross-chain bridge. The Drift Protocol recorded $280 million in losses due to a separate security breach. Together, these two incidents made up about three-quarters of all recorded losses in the same period.
The KelpDAO attack also affected Aave. Hackers used stolen rsETH tokens with no underlying backing as collateral on Aave, borrowing funds and creating a gap in the protocol that proved difficult to recover. In the days following the incident, Aave’s TVL dropped from $26.4 billion to $14.3 billion—a 46% decline.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
June will see three major token unlocks—ZKsync (ZK), Vana (VANA), and LayerZero (ZRO). These tokens will unlock nearly $133 million in newly circulating assets.
Overall, $2.4 billion worth of assets will be unlocked this month. These unlocks represent sizable portions of each project’s market cap and could influence short-term price dynamics. Here’s what to know.
1. ZKsync (ZK) Unlock Date: June 17 Number of Tokens to be Unlocked: 770 million ZK (3.67% of Max Supply) Current Circulating Supply: 3.675 billion ZK ZKsync is a Layer 2 scaling solution for Ethereum. It leverages zk-rollups to increase transaction throughput while preserving Ethereum’s base-layer security.
Also, ZK is the native token used for governance, staking, and transaction fees.
On June 17, 770 million ZK tokens—worth approximately $41.61 million—will be unlocked. Of that, 397.20 million tokens (11%) are allocated to investors, and 372.80 million tokens (11%) to team members.
ZK Token Unlock in June. Source: CryptorankThis unlock represents nearly 21% of the token’s market cap. ZKsync is currently trading at $0.05394, down 11% in the last week of May.
2. Vana (VANA) Unlock Date: June 16 Number of Tokens to be Unlocked: 5.19 million VANA (4.33% of Total Supply) Current Circulating Supply: 30.8 million VANA Vana is a decentralized data marketplace that lets users control and monetize their personal data. Its native token, VANA, powers platform access, rewards contributors, and governs network decisions.
On June 16, Vana will release 5.19 million tokens—valued at $35.25 million. The distribution includes 4.74 million tokens (8.98%) for community initiatives and 452.60K tokens (1.65%) for ecosystem expansion.
Meanwhile, the token is up 18% in the last week of May. So, this unlock could test bullish sentiment.
VANA Token Unlock in June. Source: Cryptorank3. LayerZero (ZRO) Unlock Date: June 20 Number of Tokens to be Unlocked: 24.68 million ZRO (2.47% of Total Supply) Current Circulating Supply: 111.15 million ZRO LayerZero is an omnichain interoperability protocol designed to connect disparate blockchain networks. Its ZRO token plays a key role in governance and may support future messaging or fee functionalities.
On June 20, LayerZero will unlock 24.68 million ZRO tokens. The unlocked assets will be worth roughly $56.72 million.
Overall, the allocation includes 12.88 million tokens (4%) for strategic partners, 10.20 million tokens (4%) for core contributors, and 1.60 million tokens (4%) for tokens repurchased by the team.
Meanwhile, ZRO is currently trading at $2.30, down 10% in the final week of May.
LayerZero Unlock in June. Source: CryptorankThese three unlocks represent a combined $133 million in token value entering the market. With substantial portions going to insiders and ecosystems, market participants should monitor distribution activity closely.
Short-term volatility may follow, especially in lower-liquidity trading environments.
PANews, June 23 – According to SoSoValue data, crypto market sectors are broadly trending downward. The NFT sector fell 3.79% in 24 hours. Within the sector, Pudgy Penguins (PENGU) dropped 2.96%, and Audiera (BEAT) fell 6.29%. Meanwhile, Bitcoin (BTC) declined 1.06%, falling below $64,000; Ethereum (ETH) dropped 1.34%, fluctuating narrowly around $1,700.
Only the SocialFi sector showed relative resilience, being the sole sector to post gains today with a 24-hour increase of 1.23%. Within it, Gram (GRAM), renamed from Toncoin (TON), rose 2.13%.
In other sectors, the DeFi sector fell 0.47% over 24 hours, but DeXe (DEXE) surged 59.33%. The CeFi sector declined 0.94%, though OKB (OKB) rose 2.98%, briefly breaking above $83 during the session, influenced by factors including the formation of a joint venture with Intercontinental Exchange (ICE). The Layer1 sector dropped 1.51%, while TRON (TRX) gained 1.77% intraday. The Layer2 sector fell 1.51%, with Celestia (TIA) bucking the trend to rise 5.40%. The Meme sector declined 1.55%, but BUILDon (B) increased 6.27%. The PayFi sector fell 2.04%, while Telcoin (TEL) rose 8.06%.
Shiba Inu has once again been overlooked for a potential ETF launch in the United States.
The Cboe BZX Exchange seeks to list and trade shares of the Canary PENGU ETF. Yesterday, Cboe submitted its 19b-4 application to the U.S. SEC.
According to the filing, Cboe has indicated its interest in listing and trading shares of the Canay PENGU ETF, which aims to provide investors with indirect exposure to the Solana-based meme coin. Bloomberg ETF analyst Eric Balchunas also confirmed the development in an X post.
The Canary PENGU ETF, the first and only spot pudgy penguin filing, just got its 19b-4 filing via CBOE. On clock soon. pic.twitter.com/852jIPtuvF
— Eric Balchunas (@EricBalchunas) June 25, 2025
Canary PENGU ETF This comes three months after Canary first submitted its S-1 application to launch the PENGU ETF in the U.S. The proposed spot-based exchange-traded fund seeks to invest primarily in the PENGU token and Pudgy Penguins NFTs.
Moreover, the Canary PENGU ETF will hold other digital assets, such as Solana and Ethereum. Notably, this move aims to facilitate the sale and purchase of the ETF’s core holdings, PENGU and Pudgy Penguins NFTs.
While Canary sponsors the ETF, CSC Delaware Trust will be the fund’s trustee. Like most crypto-focused ETFs, the Canary PENGU ETF will be structured as a commodity-based product.
Regulatory Process Commences Notably, Cboe has backed Canary’s PENGU ETF application with a 19b-4 filing, officially commencing the regulatory process for the ETF. Per the filing, Cboe seeks to list and trade shares of the Canary PENGU ETF under BZX Rule 14.11(e)(4).
In the meantime, the SEC is expected to acknowledge the application within two weeks of filing. Afterward, the commission will schedule four separate deadlines to decide whether to reject or approve it.
Shiba Inu Overlooked Despite Growing Demand for SHIB ETF This development comes as asset managers continue to bypass Shiba Inu, focusing instead on other meme coins as potential candidates for spot ETFs.
Firms have submitted ETF applications for Dogecoin (DOGE), Pudgy Penguins (PUDGY), Official Trump (TRUMP), Bonk (BONK), and Official Melania Meme (MELANIA).
However, they have consistently overlooked Shiba Inu, despite calls from its community for a SHIB ETF. As previously reported, the Shiba Inu community petitioned Grayscale on Change.org, urging the digital asset manager to introduce an ETF tied to SHIB. The petition has attracted 11,700 signatures since its introduction last year.
In an effort to attract asset managers, Shiba Inu’s marketing lead, Lucie, published a post on X earlier this year, highlighting why SHIB is worth an ETF. She cited the token’s broad accessibility, resistance to manipulation, and community-driven growth.
Despite these efforts, asset managers have largely continued to overlook Shiba Inu as a potential ETF candidate, favoring other meme coins instead.
Meanwhile, Shiba Inu’s popularity in the meme coin niche and the broader crypto market has continued to grow. It currently ranks as the 19th-largest crypto and the second-largest meme coin, with a market capitalization of $6.88 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
