Cryptocurrency Markets and On-Chain Ecosystem Developments

MemeCore's M token lost nearly three-quarters of its value on Wednesday, wiping out close to $3 billion in market capitalization as the cryptocurrency fell from around $2.92 to a low of $0.51 before stabilizing near $0.74, according to CoinDesk data. The project's development team issued no public s

Bitcoin buyers are defending the $59,000–$60,000 support zone after the cryptocurrency briefly fell through several major support levels. BTC is trading near $60,870 as the second quarter approaches its end. Buyers stepped in after Bitcoin swept below the February low and the monthly 50-period

According to Japan's Financial Services Agency (JFSA) and SBI VC Trade, Ripple's RLUSD stablecoin has been officially approved as an electronic payment instrument under Japan's Payment Services Act and is now live for trading on the VCTRADE platform. The approval, following a memorandum of

According to CoinDesk data, MemeCore token (M) crashed approximately 74% on Wednesday, plummeting from around $2.92 to $0.51 and erasing nearly $3 billion in market capitalization. Market cap fell from roughly $3.8 billion to $969 million, dropping below the $1 billion threshold. Trading volume

According to Odaily, Circle and Nomura plan to launch a stablecoin settlement service targeting Japanese enterprises, with a target launch date of 2027. The service will enable companies to conduct instant foreign exchange conversions and cross-border payments using

South Korea's Personal Information Protection Commission (PIPC) fined cryptocurrency exchange Bithumb 210 million Korean won (approximately $136,000) after the company improperly shared users' personal information with overseas platforms without obtaining required consent. The violations occurred

According to BlockBeats, on June 25, Circle and Nomura Securities plan to collaborate to enable real-time foreign currency settlement for Japanese enterprises as early as 2027. The service will allow companies to instantly convert Japanese yen into U.S. dollar-denominated stablecoins for

On June 23 local time, Iran's Permanent Representative to the United Nations Office at Geneva, Baghaei, officially confirmed: The Strait of Hormuz is now fully open to global merchant ships for 60 days, with no transit fees charged during this period. Previously, the US and Iran finalized a roadmap in Bürgenstock, Switzerland, to sprint toward a final agreement within 60 days, establishing a high-level committee to coordinate progress and simultaneously forming special working groups on sanction

According to a statement from CoinEx, the exchange responded to recent Wall Street Journal reporting by denying any cooperation with Iran or its government entities. CoinEx stated that all referenced transactions with entities like Alireza Derakhshan and Zedcex occurred before U.S. sanctions were

According to Odaily, only 231 out of more than 1,200 cryptocurrency companies that applied for MiCA licenses have been approved ahead of the European Union's Markets in Crypto-Assets Regulation (MiCA) final deadline on June 30, 2026. With just five days remaining before the deadline, the approval

Binance co-founder Yi He accused an individual named Zhu Pan of impersonating her to scam Tron founder Justin Sun on June 24, triggering immediate market panic around CoinUp, a crypto exchange linked to Zhu Pan through a listed project. The accusation led to concentrated selling pressure on the

According to Binance co-founder Yi He, on June 24, 2026, allegations that an individual named Zhu Pan impersonated her in a fraud scheme targeting Tron founder Justin Sun triggered panic selling of CoinUp's CPX token. CoinUp denied that Zhu Pan is part of its management or core operations and

This week, Abracadabra's MIM stablecoin plunged to approximately $0.49, losing over 50% of its $1 peg. With a circulating supply of roughly $104 million, the protocol triggered emergency measures including raising interest rates across all Cauldrons and pausing Curve liquidity

According to Foresight News citing The New Straits Times, Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng on suspicion of involvement in a transnational cryptocurrency investment fraud scheme. Thai authorities allege he participated in a criminal network laundering

According to Bloomberg, Indonesia's Financial Services Authority introduced new regulations on June 25 requiring financial influencers to disclose paid promotions, obtain licensing for recommended assets, and hold specific certifications to operate in the crypto sector. Companies are now held

The Curaçao Gaming Authority issued its first detailed cryptocurrency compliance guideline for licensed online operators, effective June 2026. The rulebook requires casinos and sportsbooks to deploy blockchain analytics tools, segregate wallets, and ban mixers and sanctioned wallets, with full compl

According to the Curaçao Gaming Authority, the regulator issued its first detailed crypto compliance guideline in June 2026, requiring licensed operators to ban mixers, sanctioned wallets and crypto-as-exchange activity immediately. Operators must deploy blockchain analytics and segregate wallets, w

LayerZero and Centrifuge released a joint report in June 2026 addressing cross-chain infrastructure challenges for tokenized real-world assets as the market surpasses $30 billion in total value. The report identifies composability and multi-chain operability as the next critical phase for tokenized

According to Foresight News, Hyperliquid's portfolio margin feature entered beta testing on June 25 after six months on mainnet. The platform raised the usage limit, allowing users with accounts below $25 million to now use Bitcoin (BTC) and Hyperliquid (HYPE) as collateral assets. The enhanced

According to Foresight News, AI-powered prediction market InsightX on Mantle surpassed $100 million in total trading volume 12 days after launch. The platform has recorded 133,891 on-chain interactions and counts 5,205 active users. InsightX uses AI-driven market intelligence for price