Cryptocurrency Markets and On-Chain Ecosystem Developments

Sens. John Curtis, R-Utah, and Adam Schiff, D-Calif., sent a letter to Commodity Futures Trading Commission Chair Michael Selig on Thursday demanding an investigation into Polymarket following reports that the predictions market paid social media creators to stage fake winning bets. The bipartisan c

Bitcoin ETFs recorded $696.29 million in net outflows on June 25, with Fidelity and Blackrock leading the exits. The losses marked the sixth consecutive day of negative flows for the category, driven by broader risk-off sentiment across crypto markets. Weekly redemptions reached

Base delayed its Beryl hard fork to 6pm UTC on June 26 after confirming that the internal switch controlling B20 token creation can take up to an hour to activate once the upgrade goes live. The network had originally targeted June 25 for the Beryl activation. The delay allows the B20

A newly created wallet deposited 6.68 million USDC into Hyperliquid and opened 20-times leveraged short positions against Bitcoin, Ethereum, and Solana during the crypto market downturn that began on June 22, according to blockchain analytics platform Lookonchain. The trader closed these positions o

Hyperliquid clarified that its inclusion on the Monetary Authority of Singapore's Investor Alert List does not constitute a ban, enforcement action, or finding of wrongdoing after the regulator added the decentralized trading protocol to its public warning register. The Investor Alert List is

Hyperliquid clarified via X that its inclusion on Singapore's Monetary Authority (MAS) Investor Alert List does not constitute a ban, enforcement action, or finding of wrongdoing. The protocol stated it has never claimed to be licensed or authorized by MAS. The listing warns the public about

On June 26, 17 Democratic U.S. senators challenged the CFTC's funding for lawsuits over prediction markets, calling it an "assault" on state regulatory authority.

According to ChainCatcher, Aave co-founder Stani Kulechov announced on June 26 that the protocol is expanding into traditional assets, planning to launch securities collateral lending and securities lending services. Aave executive Luigi D'Onorio DeMeo highlighted that the global securities lending

According to BlockBeats, Binance Co-CEO He Yi stated on June 27 that the company will not abandon establishing effective communication with European Union regulators and will continue adhering to global crypto industry compliance standards. He Yi emphasized that Binance views regulatory challenges a

Gate News: According to the latest Gate TradFi data, FCEL (FuelCell Energy Inc) has surged by 24% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

XRP is trading within a multi-year symmetrical triangle pattern that analyst Bird believes has created conditions for a potential price movement. The cryptocurrency is trading at $1.04 according to CoinCodex, with months of price compression forming lower highs and higher lows within an

The stablecoin market reached a reported total capitalization near $315 billion, according to DeFiLlama data cited in the source, even as Ether faced pressure from Ethereum spot ETF outflows spanning six consecutive days. The source attributes the divergence to risk-off capital rotation, with

According to Coinglass, Bitcoin's 8-hour average funding rate across the network stands at 0.0045% as of today (June 26). Among major exchanges, Binance's rate is 0.0073%, OKX is at 0.0082%, Bybit at 0.0032%, and Gate at 0.0064%.

According to DeFiLlama data, stablecoin market capitalization reached a record $315 billion as of June 25. In the same period, Ethereum spot ETFs recorded six consecutive days of net outflows, according to KuCoin ETF flow reports, while ETH traded in the $1,500 to $1,600 range. The growth in stablec

According to Onchain Lens, on June 26, four addresses collectively sold 37,598 ETH for approximately 58.69 million USDS, with an average transaction price of around 1,560 per ETH.

Gate News message, a whale has initiated a short position of 12,832 ETH with 20x leverage after remaining inactive for 8 months. The position is valued at $19.7 million.

According to PANews, on June 26, former U.S. Solicitor General Prelogar submitted an amicus brief on behalf of PredictAction to the Sixth Circuit Court of Appeals supporting Kalshi against state gambling regulations for prediction

On June 26, Asian and European equity markets declined sharply amid weakness in semiconductor stocks. Japan's Nikkei 225 index fell 4.2%, China's Shanghai Composite dropped 2.26%, and Hong Kong's Hang Seng Index declined 1.76%. U.S. semiconductor stocks also retreated in pre-market trading, with

Plasma, a stablecoin startup backed by Peter Thiel, is offering 10% cashback on Grand Theft Auto VI pre-orders made with its Plasma One card, a promotion timed to the game's launch this week. Rockstar Games opened GTA 6 pre-orders on June 25 ahead of a November 19 release on

From 12:30 to 12:45 UTC on June 26, 2026, BTC plunged 0.98% in 15 minutes, with the price dropping from 60,002.2 USDT to 58,973.2 USDT, a volatility of 1.72%. This period occurred early in the Asian trading session, at a critical time after the expiration of $10 billion in options on Deribit. Market sentiment was extremely panicked, with the Fear and Greed Index falling to 15. The main driver of this abnormal move was the market makers' Delta hedging adjustment needs brought by the day's $10 bil