Crypto Markets & On-Chain Ecosystem Developments

On June 25, the Korea Personal Information Protection Commission (PIPC) announced a fine of KRW 210 million on cryptocurrency exchange Bithumb for violating the cross-border personal information transfer provisions of the Personal Information Protection Act in two business scenarios: order book sharing and virtual asset transfers. The fine for the order book sharing violation was KRW 120 million, and for the virtual asset AML transfer violation was KRW 90 million. Order Book Sharing Fine KRW 120

Ripple and SBI Holdings jointly announced on June 25 that the RLUSD stablecoin has officially launched in Japan and received regulatory approval from the Japan Financial Services Agency (JFSA). It is available to institutional and retail users via the VCTRADE platform under SBI VC Trade. Under Japan's Payment Services Act, RLUSD is officially classified as a "new type of electronic payment instrument." RLUSD Approved by Japan's Financial Services Agency, Classified as New Electronic Payment Inst

Memecoin M (MEMECORE) crashed approximately 80% within one hour on the 25th after on-chain analyst ZachXBT flagged the project as having suspicious price movements. Between 9:30 AM and 10:30 AM, M's price fell from $2.619 to $0.53, a decline of roughly 79.8% according to CoinMarketCap data. ZachXBT

Kalshi is in talks to raise funds at a valuation of $40 billion, the Financial Times reported on Wednesday. The U.S.-regulated prediction market platform could close the new funding round as early as the third quarter of this year, according to sources familiar with the matter cited by the FT. The d

According to Financial Times, prediction market platform Kalshi is in talks to raise funds at a $40 billion valuation on Wednesday. The U.S.-regulated platform could close the funding round as early as the third quarter of 2026, sources said. This follows Kalshi's Series F round of $1 billion

A new survey commissioned by the Prediction Market Coalition and shared with The Block on June 25 shows that both Republican and Democratic voters favor a single federal framework for regulating prediction markets: the Republican voter survey found 48% support a federal framework; the Democratic voter survey found 45% support a federal framework. 48% of Republicans in poll support federal framework; over half of voters under 35 interested in prediction markets The Prediction Market Coalition's m

According to announcement on June 25, prediction market analytics platform Polysights completed a $1.5 million funding round led by YZi Labs S3, with participation from Maven 11 Capital, Varys Capital, Contribution Capital, and Edge Ventures. The platform is building automated and intelligent

According to Tiger Research's analysis of global crypto hiring markets, the cryptocurrency job market remains below 2022 peak levels. Per Coincub data, 2025 saw 66,494 new crypto job postings globally, up 47% year-over-year but below 2022 highs. Contraction accelerated in 2026, with January postings

Delphi Digital posted on X on June 25, reporting that xStocks' on-chain assets under management (AUM) surpassed $500 million for the first time, with over 177,000 independent holders, and the top 10 stocks accounted for more than 80% of total holdings. On the same day, Solana tokenized stocks saw a 24-hour trading volume of $380 million, more than doubling the previous recent high of $187.9 million. xStocks New Milestone: $500 Million AUM, 177,000 Holders (Source: Delphi Digital) According to De

According to Coinglass data, whales on Hyperliquid currently hold $41.29 billion in positions, with long holdings of $20.38 billion (49.37% of total) and short holdings of $20.9 billion (50.63% of total), resulting in a long-to-short ratio of 0.98.

Gate News, June 25 – According to Gate market data, as of press time, SLX (Solstice) is currently trading at $0.33, up 42.81% in 24 hours, with a high of $0.33 and a low of $0.22. The 24-hour trading volume reached approximately $7.47 million, and the current market cap is about $77.49 million. Solstice is a yield layer protocol designed to bring institutional-grade yield products on-chain for DeFi composability. Solstice's yield assets encapsulate permissioned off-chain strategies in standard o

According to TenArmorAlert, DLMC tokens on the Binance Smart Chain suffered a suspicious attack on June 25, resulting in approximately $222,600 in losses.

Ripple executive Reece Merrick drew a comparison between current crypto payments and early e-commerce in a June 24 post on X. The regional leader for Middle East and Africa positioned digital asset payments within a longer adoption cycle shaped by infrastructure maturity and consumer trust. Merrick

On June 24, Ripple executive Reece Merrick drew a direct comparison between crypto payments today and the early stages of online retail, positioning digital asset payments within a longer adoption cycle. In a post on X, Merrick referenced e-commerce in 2000, when online shopping represented

A four-year altcoin market consolidation pattern is approaching a critical stage. SUI, SEI, ETH, NEAR, and HBAR are attracting increased attention from market participants. Analysts are watching for signs that capital could rotate into alternative

Binance officially announced on June 25 that it has withdrawn its MiCA license application submitted to the Hellenic Capital Market Commission (HCMC) and will seek authorization in another undisclosed EU member state. Binance stated that all user funds are safe and secure, but some users' withdrawal operations have been affected. The company has begun contacting all EU users individually to explain the situation. The compliance deadline for EU MiCA licenses is July 1. Reuters Revealed Applicatio

South Korea's Personal Information Protection Commission imposed a fine of 210 million won on cryptocurrency exchange Bithumb on the 24th for unauthorized cross-border transfer of personal information. The commission confirmed Bithumb transferred user data to overseas exchanges without proper

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,