Crypto Markets & On-Chain Ecosystem Developments

According to Bloomberg Tax, Senate Republican tax drafter Steve Daines said on June 24 that the crypto tax legislation framework under development is nearly finalized and may be unveiled as early as this fall. Daines noted the framework is

The New York Times reported on June 24 that Meta CEO Mark Zuckerberg has instructed an internal small team to develop a smartphone prediction market application similar to Polymarket and Kalshi. The project’s internal codename is “Arena.” According to several unnamed sources familiar with the matter, while the project is experimental in nature, it is of the highest priority. Known design details of Arena: point-based system, independent operation, Meta social network promotion According to the N

Bitcoin fell to $62,982 on June 24. Contributing pressure factors include: U.S. spot Bitcoin ETFs have seen no positive 7-day SMA since mid-May, indicating a significant drop in institutional demand; CME FedWatch shows traders currently estimate the probability of a December rate hike by the Federal Reserve at about 86%; and after the U.S.-Iran Swiss talks, Trump claimed Iran agreed to unlimited inspections, but Tehran denied any concessions, with negotiation details contradicting each other. Gl

The U.S. House of Representatives passed the 21st Century ROAD to Housing Act on Tuesday by a vote of 358-32, sending the legislation to President Donald Trump's desk. The bill passed one day after the Senate gave its approval with an overwhelming vote. The legislation contains a housing

According to 10x Research, the research firm released a market report on June 24 stating that the U.S. dollar's strength is a key factor affecting Bitcoin prices. The firm's dollar model has triggered only six sell signals since 2011, with the most recent on November 2025, after which Bitcoin prices

According to OKX market data, Solana (SOL) broke through $70 today, trading at $70.01, with its 24-hour decline narrowing to 2.22%.

According to Lightning Labs, the team released Taproot Assets v0.8 and a supporting SDK on June 24. The new SDK enables developers to quickly integrate stablecoin functionality on the Bitcoin network, adding features including backup and

According to The Block, approximately 100 Catholic leaders sent a letter to U.S. Senate leadership on June 24, opposing Section 604 of the Clarity Act (Blockchain Regulatory Clarity Act, BRCA), arguing the provision could weaken enforcement against human trafficking and illicit financial flows. The

According to PANews, on June 24, Sonic Labs announced that Fantom Opera, originally scheduled to shut down this month, will continue operating at least until year-end, with associated cross-chain bridges receiving regular funding support during this period in response to community feedback. The

CFTC Chairman Michael Selig stated that the 24/7 trading model of crypto perpetual futures is incompatible with agricultural markets that depend on physical settlement. The agency's recent approval of such contracts has prompted CME to file a lawsuit against the

Cryptoquant shared an analysis on June 23 showing contrasting netflow patterns across multiple cryptocurrencies on Gate exchange, with 12 altcoins recording stronger outflows than inflows while six major tokens saw increased deposits. The findings were based on the Gate Netflow Heatmap, which

According to Onchain Lens, a newly created wallet withdrew 278,827 HYPE tokens valued at $17.45 million from Coinbase on June 24.

According to Cryptoquant, on June 23, 12 altcoins recorded stronger outflows than inflows on Gate crypto exchange, suggesting potential accumulation activity, while 6 major tokens attracted larger deposits. Altcoins showing net outflows included VGX, AMP, ZRX, SAND, QNT, YFI, YFF, CHZ, GHST,

According to PANews, Sahara AI announced on June 24 that it will extend the SAHARA token unlock schedule to demonstrate long-term commitment: investors face a 3-month delay, while founders, core team members, and advisors experience a 6-month postponement. The project confirmed that SAHARA

According to Lookonchain, a16z-linked address withdrew 25,560 ETH from Binance 9 hours ago, valued at approximately $42.62 million.

According to Alternative.me, the cryptocurrency Fear and Greed Index dropped to 17 today, down from 23 yesterday, indicating extreme fear in the market.

Gate News bot message, Gate market data shows that BTC has broken through 63,000 USDT, with the current price at 63,006.3 USDT.

According to HTX, Solana (SOL) fell below $70 as of today, trading at $69.89 with a 24-hour decline of 2.48%.

According to Fox Business, four U.S. law enforcement organizations have written to government officials expressing concern that Section 604 of the Clarity Act could create regulatory and accountability gaps, potentially hindering investigations and prosecutions of illegal activities. The organizatio

According to Whale Alert, USDC Treasury minted 250 million USDC on Solana at 08:24 UTC today (June 24).