Crypto Markets & On-Chain Ecosystem Developments

According to an official announcement, SanDisk tokenized stock SNDK went live on Solana today (June 25) through Sunrise. Users can now trade SNDK 24/7 via Solana ecosystem wallets and applications, including during traditional stock market closing

According to Coinglass, in the past 24 hours, derivatives markets saw $988 million in liquidations, with long liquidations totaling $799 million and short liquidations $189 million. Bitcoin long liquidations reached $321 million while shorts were $80.97 million; Ethereum saw $171 million in long li

According to BlockBeats on June 25, Litbit Mining Pool founder Jiang Zhuoer stated that the mNAV metric has dropped to 0.72, nearing the 0.7 low reached in May 2022 during the previous bear cycle. Based on the mNAV indicator typically leading Bitcoin price bottoms by approximately six months,

Bitcoin (BTC) weakened and slumped, temporarily reported around $60,828 on June 25. President Trump canceled the signing of a bipartisan housing bill that includes a four-year ban on the Federal Reserve's central bank digital currency (CBDC). Polymarket is now integrated into Telegram, powered by the TON network. Macro Events & Crypto Hotspots According to Cryptopolitan, President Trump canceled the signing of a bipartisan housing bill that includes a four-year ban on the Federal Reserve's digit

According to Bits.media, on June 25, Russia's fiscal policy chief Alexei Yakovlev admitted the government's cryptocurrency regulation bill cannot take effect by July 1 as originally planned. The bill passed its first reading on April 21 and is prepared for a second reading, but will be "slightly

According to BlockBeats, M token experienced a sharp decline on June 25, with the price crashing over 80% to a low near $0.50, based on HTX exchange data. The token was trading at $0.54 at the time of reporting.

According to Cboe data, the VIX volatility index fell to 18.63 on June 25, down 0.86 points or 4.41% from the previous level of 19.49. Meanwhile, the Crypto Fear and Greed Index dropped to 12 from 17 the previous day, signaling intensifying panic sentiment in crypto

According to Crypto.news reported on June 25, Judge George Daniels of the U.S. District Court for the Southern District of New York denied Michelle Bond's request to dismiss campaign finance charges and set the trial date for her FTX campaign finance case to begin on November 9. Bond faces four campaign finance-related charges, each carrying a maximum sentence of 5 years in prison. The Four Charges Against Bond and Indictment Details According to the August 2024 indictment, federal prosecutors c

Bitcoin long-term holders have reportedly slowed their selling activity during a period of extreme market fear, according to on-chain data cited by analysts. The divergence between elevated fear sentiment and reduced distribution from experienced wallet holders suggests the market may be

Decentralized finance protocol Abracadabra Finance announced emergency measures on X on June 25 to address the de-pegging crisis of MIM (Magic Internet Money) stablecoin. As of Thursday, MIM was trading at $0.5027, down 36.65% in a single day. The emergency measures took effect immediately, including gradually raising all Cauldron interest rates and suspending direct incentives. --- Abracadabra Raises Cauldron Interest Rates, Direct Incentives and Curve Bribes Suspended (Source: Trading View) Ab

According to The Wall Street Journal, reported via ChainCatcher, Iranian entities have conducted over $3.84 billion in cumulative transactions through CoinEx exchange to circumvent U.S. economic sanctions. Blockchain analysis revealed that funds linked to digital wallets controlled by Iran's

Bitcoin was temporarily reported at $60,754 on June 25, dipping below the $60,000 mark during the session to a low of $60,728. Prime Terminal data shows: market expectations for a rate hike in December have risen to 82%. Long-term investors cite the 'Bitcoin four-year cycle' pattern, believing that the current decline has not reached the levels of the 2022 or 2018 bear markets. Bitcoin Historical Cycle Data: Comparison of 2023-2025 Gains and Past Two Bear Market Declines Confirmed historical dat

According to BlockBeats, on June 25, SK Hynix futures on Binance (SKHYNIX/USDT) funding rate surged to 0.668%, as the Korean stock gained over 10% intraday. The elevated funding rate reflects significant long positioning in the perpetual contract

According to Strive VP Joe Burnett, Strategy currently holds approximately $51.5 billion in Bitcoin, with STRC outstanding obligations at roughly $10.5 billion and redeemable only upon maturity. This contrasts sharply with Luna/UST pre-collapse metrics, where UST had $18.7 billion in circulation

According to Yahoo Finance, on June 25, Strategy's preferred shares STRC fell to an intraday low of $79.85 on Nasdaq, marking its lowest level since listing, and closed at $80.84. Bitcoin subsequently dropped below $60,000, hitting a low of $59,277, its lowest level since September 2024. Market

According to Cryptopolitan, Kalshi has filed a lawsuit in federal court challenging Illinois's SB3019, which requires prediction market platforms to obtain state licenses and imposes a 0.2% tax on digital asset trades. The law takes effect on July 1. Kalshi argues that the CFTC holds exclusive

Blockchain enterprise solutions company Ripple announced on the 25th the official launch of RLUSD (Ripple USD) in Japan through partnership with Japanese financial services conglomerate SBI Holdings and its subsidiary SBIVC Trade. The launch realizes the strategic vision outlined in a memorandum of

According to Ripple, the blockchain-based enterprise solutions company launched its RLUSD stablecoin in Japan on June 25 in partnership with SBI Holdings and its subsidiary SBIVC Trade. The launch follows regulatory approval from Japan's Financial Services Agency (JFSA) and fulfills a memorandum

According to PANews, Abracadabra's MIM stablecoin depegged to approximately $0.50 on June 25, down 36.65% in 24 hours. In response, Abracadabra Finance announced emergency measures including phased interest rate increases across all Cauldrons to encourage debt repayment and reduce MIM's circulating supply. The platform has temporarily suspended direct incentives and Curve bribes until MIM restores its peg.

According to SoSoValue data cited by ChainCatcher, Grayscale XRP Trust ETF (GXRP) recorded net inflows of $2.0464 million on June 24 (U.S. Eastern Time). The fund's cumulative net inflows have reached $131 million to date, with total assets under management currently at $928 million.