Cryptocurrency Markets and On-Chain Ecosystem Developments

According to ChainCatcher, citing Daehan Kyungje, at least seven companies including Dunamu, operator of South Korea's Upbit exchange, have submitted proposals to become the first private custodian for cryptocurrency assets seized by the National Police Agency. Other bidders include Korea Digital

GateNews·06-24 08:20

Seven Companies Including Dunamu Bid for South Korea Police Cryptocurrency Custody Role

Bitcoin and Ether ETFs Record Nearly $200 Million in Outflows on June 23

Capital Flow

On-Chain Data

U.S. spot crypto exchange-traded funds recorded nearly $200 million in combined net outflows on June 23, as both Bitcoin and Ether products faced redemptions despite selective inflows into several competing funds. Spot Bitcoin ETFs posted $113.8 million in net outflows, driven by $182.0 million in r

BTC-2.01%

IBIT-1.70%

ETH-3.03%

SOL-2.65%

CryptoFrontier·06-24 08:14

Bitcoin and Ether ETFs Record Nearly $200 Million in Outflows on June 23

B.AI Officially Integrates With imToken, Adds One-Click TRON Login

AI Tools & Apps

AI Agent

According to ChainCatcher, B.AI officially integrated with imToken wallet, enabling users to access B.AI through imToken's built-in DApp browser and perform one-click login and fast deposits on TRON chain. The integration seamlessly connects Web3 identity with AI services, offering enhanced

TRX-0.09%

GateNews·06-24 08:11

B.AI Officially Integrates With imToken, Adds One-Click TRON Login

ETH 8-Hour Average Funding Rate at 0.0004%, Bybit Remains Negative at -0.0029%

Derivatives Data

According to Coinglass, ETH's average 8-hour funding rate across major exchanges stands at 0.0004%. Among top exchanges, Binance's rate is 0.0022%, OKX is at 0.0019%, Gate is at 0.0003%, while Bybit remains negative at -0.0029%.

ETH-3.00%

GateNews·06-24 08:04

ETH 8-Hour Average Funding Rate at 0.0004%, Bybit Remains Negative at -0.0029%

Bitcoin's 8-Hour Average Funding Rate at 0.0028%, OKX Exchange Shows Highest Rate at 0.0083%

Derivatives Data

According to Coinglass data, Bitcoin's 8-hour average funding rate across the network stands at 0.0028% today (June 24). Among major exchanges, Binance's funding rate is 0.0022%, OKX is 0.0083%, Bybit is 0.0033%, and Gate is 0.0029%.

BTC-1.98%

GateNews·06-24 08:03

Bitcoin's 8-Hour Average Funding Rate at 0.0028%, OKX Exchange Shows Highest Rate at 0.0083%

Seoul Police Fail to Audit $1.6M in Missing Bitcoin, No Officers Held Accountable

Security Incidents

According to Chosun Ilbo reported by PANews on June 24, Seoul's Gangnam Police failed to conduct an internal audit on 22 BTC (approximately $1.6 million) lost from evidence storage and took no disciplinary action against responsible officers. The bitcoin was seized during a financial hacking

BTC-2.01%

GateNews·06-24 07:58

Seoul Police Fail to Audit $1.6M in Missing Bitcoin, No Officers Held Accountable

SecondFi Security Incident May Involve $20M+ in Losses, SlowMist Analysis Shows

Security Incidents

On-Chain Data

Cardano ecosystem project SecondFi is facing scrutiny following a wallet-related security incident that may have resulted in user losses exceeding $20 million, according to independent blockchain security analysis. The incident was linked to a vulnerability in SecondFi's native Cardano web

ADA-0.87%

EthanBrooks·06-24 07:44

SecondFi Security Incident May Involve $20M+ in Losses, SlowMist Analysis Shows

Cardano Project SecondFi Faces $20M+ Potential Loss From Wallet Security Incident

Security Incidents

According to analysis by SlowMist founder Yu Xian, a security incident in Cardano ecosystem project SecondFi's wallet-generation software has resulted in estimated user losses between $2.4 million and over $20 million, affecting more than 129 million ADA and other tokens. SecondFi initially estimat

ADA-0.87%

GateNews·06-24 07:43

Cardano Project SecondFi Faces $20M+ Potential Loss From Wallet Security Incident

OpenPayd Secures MiCA License Today, Expands Regulated Crypto Services Across Europe

Project Progress

OpenPayd, which provides infrastructure to Kraken and other companies, today secured a MiCA (Markets in Crypto-Assets Regulation) license. The company can now offer regulated crypto services across Europe under the

GateNews·06-24 07:37

OpenPayd Secures MiCA License Today, Expands Regulated Crypto Services Across Europe

Roubini Co-Authors USAFi Tokenized Fund Whitepaper for Q3 Dubai Launch

Economist Nouriel Roubini co-authored the whitepaper for USAFi, a tokenized investment product developed by Atlas Capital Team, according to an announcement released on Tuesday. The blockchain-based offering tokenizes the Atlas America Fund, a Nasdaq-listed exchange-traded fund overseen by Roubini,

XAUUSD0.44%

LucasBennett·06-24 07:33

Roubini Co-Authors USAFi Tokenized Fund Whitepaper for Q3 Dubai Launch

Hyperliquid Whales Hold $4.3B with 0.99 Long-Short Ratio, Longs Down $174M

Derivatives Data

According to Coinglass data, whales on Hyperliquid currently hold $4.3 billion with a long-to-short ratio of 0.99. Long positions total $2.143 billion (49.83% of holdings) with unrealized losses of $174 million, while short positions amount to $2.157 billion (50.17%) with unrealized gains of $86.35

HYPE-8.45%

GateNews·06-24 07:33

Hyperliquid Whales Hold $4.3B with 0.99 Long-Short Ratio, Longs Down $174M

Nouriel Roubini Launches USAFi Tokenized Fund on June 23, Backed by U.S. Treasuries and Real Assets

Project Progress

Metals

Commodities

According to Securitize and official announcements, on June 23, Economist Nouriel Roubini entered blockchain finance through USAFi, a tokenized investment product co-authored with Atlas Capital Team. USAFi mirrors the performance of the Atlas America Fund (USAF), a Nasdaq-listed exchange-traded

GateNews·06-24 07:32

Nouriel Roubini Launches USAFi Tokenized Fund on June 23, Backed by U.S. Treasuries and Real Assets

South Korea's Tax Tribunal Orders Re-Investigation of 67 BTC Gift Tax Case on June 24

Regulation & Policy

According to BlockBeats, South Korea's Tax Tribunal on June 24 ruled that a Bitcoin gift tax dispute requires further investigation. The case centers on whether transferring 67 BTC through a spouse's overseas exchange account constitutes a taxable gift. Taxpayer A held the Bitcoin in a personal

BTC-2.01%

GateNews·06-24 07:29

South Korea's Tax Tribunal Orders Re-Investigation of 67 BTC Gift Tax Case on June 24

Meta Developing Prediction Markets App Arena to Compete With Polymarket and Kalshi

Prediction Market

According to reports, Meta Platforms is developing a standalone prediction markets app called Arena, signaling potential competition with Polymarket and Kalshi. The project is being directed by Chief Executive Mark Zuckerberg and developed by a small internal team. Arena is expected to launch with a

META-5.70%

POLYMARKET-3.34%

KALSHI15.19%

GateNews·06-24 07:22

Meta Developing Prediction Markets App Arena to Compete With Polymarket and Kalshi

Whale Opens $5.31M Short Position on EWY as South Korea ETF Rallies 3.4% on June 24

Price Volatility

According to Hyperinsight, a whale on Hyperliquid opened a $5.31 million short position on EWY (iShares Korea ETF) earlier today (June 24), with entry price at $196.05 and 10x leverage. EWY was trading at $198.6, up 3.4% on the 4-hour chart, as South Korean equities rallied following reports of a po

EWY-1.60%

SAMSUNG0.59%

GateNews·06-24 07:13

Whale Opens $5.31M Short Position on EWY as South Korea ETF Rallies 3.4% on June 24

CFTC Sues Kentucky Over Prediction Market Crackdown and 14.25% Tax

Regulation & Policy

Prediction Market

The US Commodity Futures Trading Commission filed a lawsuit in federal court against Kentucky officials to block the state's legal action against prediction market operators. Kentucky sued platforms Polymarket and Kalshi, along with their partners Coinbase, Robinhood, and Webull, claiming the

POLYMARKET-3.34%

KALSHI15.19%

EthanBrooks·06-24 07:13

CFTC Sues Kentucky Over Prediction Market Crackdown and 14.25% Tax

Bitcoin Spot ETFs Record $114M in Net Outflows Yesterday, Fourth Consecutive Day of Withdrawals

Capital Flow

On-Chain Data

According to SoSoValue, Bitcoin spot ETFs saw total net outflows of $114 million on June 23. This marks the fourth consecutive day of net outflows. As of reporting time, the total assets under management for Bitcoin spot ETFs reached $77.54 billion, with a net asset ratio (market value relative to B

BTC-2.01%

GateNews·06-24 07:12

Bitcoin Spot ETFs Record $114M in Net Outflows Yesterday, Fourth Consecutive Day of Withdrawals

Ethereum Spot ETFs See $82.351M Net Outflows Yesterday, Fourth Consecutive Day of Decline

Capital Flow

According to SoSoValue data, Ethereum spot ETFs experienced net outflows of $82.351 million on June 23 (yesterday), extending a fourth consecutive day of net outflows. BlackRock's ETHA ETF led outflows with $86.0682 million, while Fidelity's FETH ETF saw net inflows of $15.6929 million. Total Ethere

ETH-3.03%

GateNews·06-24 07:12

Ethereum Spot ETFs See $82.351M Net Outflows Yesterday, Fourth Consecutive Day of Decline

Ozak AI Unveils Ambassador Program With $100,000 OZ Token Allocation

Token Events

AI Tokens

Ozak AI unveiled an Ambassador Program on June 24 with $100,000 in OZ tokens allocated for community growth and presale support. The program offers two participation pathways: a Network Track for direct community engagement and a Creator Track for content creators and community managers.

GateNews·06-24 07:12

Ozak AI Unveils Ambassador Program With $100,000 OZ Token Allocation

CFTC Sues Kentucky Over 14.25% Prediction Market Excise Tax