Cryptocurrency Markets and On-Chain Ecosystem Developments

Toss Bank, South Korea's third-largest internet-only bank, signed a memorandum of understanding with the Solana Foundation on June 19 in Seoul to test cross-border remittances using stablecoin technology. The partnership aims to provide faster and cheaper overseas transfers for the bank's

SOL0.85%

EthanBrooks·06-22 22:03

Toss Bank Partners Solana Foundation to Test Cross-Border Remittances

Toss Bank Signs MOU with Solana Foundation to Test Cross-Border Remittances for 15M Customers on June 19

According to Bitcoin.com News, Toss Bank, South Korea's third-largest internet-only bank, signed a memorandum of understanding with the Solana Foundation on June 19 to test stablecoin-powered cross-border remittances. The proof of concept aims to enable faster and cheaper transfers for the bank's ro

SOL0.85%

GateNews·06-22 22:02

Toss Bank Signs MOU with Solana Foundation to Test Cross-Border Remittances for 15M Customers on June 19

Texas Brothers Plead Guilty in $8M Crypto Kidnapping Case

Two Texas brothers pleaded guilty in a federal case involving the armed kidnapping of a Minnesota family and the theft of $8 million in cryptocurrency, according to the U.S. Department of Justice. Federal prosecutors said the defendants held victims at gunpoint and forced a cryptocurrency

EthanBrooks·06-22 21:52

Texas Brothers Plead Guilty in $8M Crypto Kidnapping Case

Binance Sees Net Inflows of 170M USDT in Past 24 Hours

On-Chain Data

Capital Flow

According to Coinglass data, Binance experienced net inflows of 170 million USDT over the past 24 hours.

GateNews·06-22 21:42

Binance Sees Net Inflows of 170M USDT in Past 24 Hours

Bitcoin Could Rally if Fed Holds Rates Steady, Grayscale Says on June 22

According to Grayscale Investments' June 22 research note, bitcoin could narrow its performance gap with equities if the Federal Reserve refrains from raising interest rates. The Federal Reserve voted unanimously on June 17 to keep the federal funds rate at 3.5% to 3.75%. Since late February, U.S. e

BTC1.71%

GateNews·06-22 21:27

Bitcoin Could Rally if Fed Holds Rates Steady, Grayscale Says on June 22

MoonPay Acquires Entendre, AI Accounting Startup, to Automate Back-Office Crypto Operations

AI Tools & Apps

MoonPay has acquired Entendre, an AI accounting startup that automates back-office operations for crypto and fintech companies. The platform handles reconciliations, treasury management, month-end closing, and journal entries across wallets, tokens, and blockchain chains. MoonPay CEO Ivan

GateNews·06-22 21:23

MoonPay Acquires Entendre, AI Accounting Startup, to Automate Back-Office Crypto Operations

U.S. Treasury Issues General License for Iranian Oil Trade Until August 21; Bitcoin Surpasses $65,000

According to Walter Bloomberg, the U.S. Treasury Department today issued a general license authorizing the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products until August 21. The license represents a temporary suspension of related sanctions and does not

BTC1.71%

GateNews·06-22 21:12

U.S. Treasury Issues General License for Iranian Oil Trade Until August 21; Bitcoin Surpasses $65,000

Strategy STRC Comparison to Terra Luna Dismissed by Benchmark Analyst

Market Analysis

Strategy's STRC preferred stock faced comparisons to Terra Luna's collapsed stablecoin after falling to record lows last week, but Benchmark-StoneX analyst Mark Palmer dismissed the parallel as fundamentally misguided in a Monday note. STRC dropped as low as $82.53 last week before recovering to

LUNA0.96%

BTC1.71%

LucasBennett·06-22 20:53

Strategy STRC Comparison to Terra Luna Dismissed by Benchmark Analyst

Bitcoin Strategy's STRC Falls to $82.53, Recovers to $88.65 as Analyst Rejects Terra Comparison

Price Volatility

According to Benchmark-StoneX analyst Mark Palmer, Strategy's preferred stock STRC fell as low as $82.53 last week but recovered to $88.65 on Monday, trading 11.3% below its $100 par value. Palmer dismissed comparisons between STRC and Terra's collapsed ecosystem, arguing that STRC is not a

BTC1.71%

LUNA0.96%

GateNews·06-22 20:52

Bitcoin Strategy's STRC Falls to $82.53, Recovers to $88.65 as Analyst Rejects Terra Comparison

Franklin Templeton Completes 250 Digital Acquisition, Launches Dedicated Crypto Division

Franklin Templeton closed its acquisition of 250 Digital today (June 22) and launched a dedicated cryptocurrency division. The move reflects surging demand for tokenized assets, with the firm's onchain product suite growing from approximately $768 million to over $2.5 billion within the past

GateNews·06-22 20:49

Franklin Templeton Completes 250 Digital Acquisition, Launches Dedicated Crypto Division

Paraguay Convicts Two Bitcoin Miners for Energy Theft, Suspends Jail Terms

The National Power Administration of Paraguay (ANDE) secured a conviction on June 19 against two individuals for using stolen energy to mine bitcoin by bypassing metering systems and connecting directly to the power grid. A Paraguayan tribunal found Cristian Daniel Jara Villalba and Ramon

BTC1.71%

EthanBrooks·06-22 20:48

Paraguay Convicts Two Bitcoin Miners for Energy Theft, Suspends Jail Terms

Paraguay Court Convicts Two Bitcoin Miners for Energy Theft on June 19, 2-Year Sentence Suspended

According to an announcement from the National Power Administration of Paraguay (ANDE) on June 19, a Paraguayan court convicted two Bitcoin miners, Cristian Daniel Jara Villalba and Ramon Martinez Morinigo, of energy theft. The court sentenced both men to two years in jail, though the execution of t

BTC1.71%

GateNews·06-22 20:46

Paraguay Court Convicts Two Bitcoin Miners for Energy Theft on June 19, 2-Year Sentence Suspended

Solmate Shareholder RBCH Sues Board for Self-Dealing, Fiduciary Breaches

RBCH, the largest outside shareholder of Solana treasury firm Solmate Infrastructure (Nasdaq: SLMT), filed a lawsuit in the Supreme Court of the State of New York against the company's current officers and directors, accusing them of breach of fiduciary duty and misrepresentations. RBCH,

EthanBrooks·06-22 20:46

Solmate Shareholder RBCH Sues Board for Self-Dealing, Fiduciary Breaches

Baillie Gifford Launches UK's First Native Tokenised Fund on Ethereum and Solana

Project Progress

Baillie Gifford and BNY have launched the Baillie Gifford Enhanced Yield Fund (BAGEY), the first publicly available, fully native tokenised fund regulated in the United Kingdom. The fund runs on both Ethereum and Solana, with a minimum investment of $100 and a yield of approximately 7%, targeting el

ETH1.22%

SOL0.85%

GateNews·06-22 20:42

Baillie Gifford Launches UK's First Native Tokenised Fund on Ethereum and Solana

Bitcoin Hasn't Yet Confirmed Bottom as CryptoQuant Cycle Momentum Remains Below Neutral at -30 Points

Market Analysis

According to CryptoQuant analysts, Bitcoin has not confirmed a market bottom as key technical indicators remain in negative territory. The Cycle Momentum indicator is currently at -30 points, below the neutral zone (0), indicating the bear market is still ongoing. Analyst Gaah noted that while -30 p

BTC1.71%

GateNews·06-22 20:32

Bitcoin Hasn't Yet Confirmed Bottom as CryptoQuant Cycle Momentum Remains Below Neutral at -30 Points

Bitcoin Passes 100,000-Block Halving Milestone as ETF Demand Reshapes Cycle

Bitcoin's network passed 100,000 blocks remaining until the fifth halving in May 2026. The event is estimated for April 2028 at block 1,050,000, when the block reward drops from 3.125 BTC to 1.5625 BTC. The milestone arrives as Bitcoin hit an all-time high of $126,200 in October 2025, breaking the t

BTC1.71%

EthanBrooks·06-22 20:25

Bitcoin Passes 100,000-Block Halving Milestone as ETF Demand Reshapes Cycle

MoneyGram Joins Solana Network as Active Validator and SDP Member

MoneyGram joins the Solana Network as an active validator and member of the Solana Developer Platform (SDP), following Mastercard, Worldpay, and Western Union. MoneyGram chief executive Anthony Soohoo states the partnership integrates blockchain into the firm's payment infrastructure, focusing on op

SOL0.85%

MA0.76%

EthanBrooks·06-22 20:23

MoneyGram Joins Solana Network as Active Validator and SDP Member

Bitcoin's Fifth Halving Scheduled for April 2028 as ETF Inflows Reshape Cycle Dynamics

Bitcoin's network passed the 100,000-blocks-remaining milestone in May 2026, placing the fifth halving around April 2028 at block 1,050,000, when the block reward will drop from 3.125 BTC to 1.5625 BTC, reducing daily new supply to approximately 225 BTC from 450 BTC. U.S. spot Bitcoin ETFs, which h

BTC1.71%

GateNews·06-22 20:23

Bitcoin's Fifth Halving Scheduled for April 2028 as ETF Inflows Reshape Cycle Dynamics

Bitcoin ETFs Record $226.8M Outflows for Sixth Straight Week, GBTC Leads; HYPE Adds $27.9M

Capital Flow

On-Chain Data

Bitcoin spot ETFs posted net outflows of $226.8 million this week, extending their losing streak to six consecutive weeks, according to Galaxy Research data. Grayscale's GBTC was the largest contributor to the decline, losing $156.3 million, followed by Ark & 21Shares' ARKB with $50.1 million and

BTC1.71%

HYPE0.52%

ARK1.41%

IBIT1.67%

XRP0.80%

GateNews·06-22 20:22

Bitcoin ETFs Record $226.8M Outflows for Sixth Straight Week, GBTC Leads; HYPE Adds $27.9M

MoneyGram Joins Solana (SOL) Network as Active Validator, Enters Solana Developer Platform