Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On June 24, Israeli police arrested three individuals accused of spying for Iran, days after a $90 million cyber heist on Iran’s largest crypto exchange, Nobitex. According to TRM Labs, an Israeli-linked hacking group called Gonjeshke Darande leaked wallet and message data that helped track suspects. One key suspect, 28-year-old Dmitri Cohen, allegedly received about $500 in cryptocurrency per assignment to carry out surveillance and propaganda for Iranian intelligence. The Nobitex breach on June 18 drained hot wallets across multiple networks, undermining a vital bridge in Iran’s sanctioned financial system. Chainalysis warns the attack could have strategic implications, while experts note that crypto transaction analysis is becoming critical in state-sponsored cyber espionage operations.

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and Securities and Futures Commission (SFC) have launched a two-month public consultation on proposed legislation to establish a licensing regime for digital asset trading and custody service providers. Running until August 29, the consultation follows earlier feedback on over-the-counter (OTC) digital asset trading proposals. Key elements include: 1) Digital asset trading service providers must obtain an SFC licence or registration to offer spot trading, token-to-token and token-to-fiat exchanges, brokerage, block trades and advisory or asset management services. 2) Digital asset custody service providers must hold licences or registrations to safeguard client assets and private keys. Licensed entities will face requirements on financial resources, governance, risk management, disclosure, client asset protection, record-keeping and suitability assessments. The SFC will set regulatory standards while the Hong Kong Monetary Authority will oversee banks and stored-value facilities providing licensed services. The regime takes effect upon relevant law enactment, with no transitional “deemed licensed” period. FSTB Secretary Bernadette Linn says the framework will build a robust, investor-centric digital asset ecosystem in Hong Kong. SFC CEO Julia Leung adds that the licensing regime will complete the digital asset ecosystem, benefiting institutional and retail investors with a secure and dynamic market environment. This regulatory clarity may enhance market confidence and attract compliant trading and custody firms to Hong Kong’s crypto sector.

Ethereum price is consolidating near $2,450, with traders watching the critical $2,400 support level. On-chain data shows whales bought nearly 1 million ETH in a single day—the largest single-day purchase since 2018—while spot ETH ETFs recorded over $200 million in inflows this week. Analysts including Michaël van de Poppe and Degen Hardy expect that holding above $2,400 builds momentum for a breakout toward the $2,720–$2,860 resistance zone and potentially $4,000. Key technical indicators support this view: Ethereum price remains close to the Bollinger Bands’ midline, the RSI hovers around neutral, and MACD shows signs of a bullish crossover. Traders should monitor support at $2,400 and $2,233 for short-term stability. Meanwhile, Subbd’s presale of its ERC-20 token SUBBD has raised $699 K so far, positioning the project as an AI-powered Web3 subscription platform. Ethereum price momentum and whale accumulation suggest bullish prospects for both ETH trading and related token launches.

Bybit has introduced a one-click credit card crypto purchase feature supporting over 25 local fiat currencies. Traders can buy USDT, BTC, ETH and more with real-time conversion and earn up to 10 USDT cashback. New users receive an extra 5 USDT bonus on their first transaction in each newly supported currency. To participate, users must complete Level 1 identity or business verification and link a Visa or Mastercard on the “One-Click Buy” page. The offer excludes European Economic Area customers and is subject to terms and conditions. Bybit credit card crypto purchases expand fiat-to-crypto on-ramps, simplify trading access and aim to boost global market participation.

A recent wave of phishing ads on Facebook falsely promote “Taiwan Mobile Exchange (TWEX),” leveraging well-known local crypto influencers such as 麻吉大哥 (Big Brother Machi) and Wilson Huang as fake endorsers. The scam advertises a desktop version of TWEX with high-reward sign-up bonuses, free trading indicators and a lottery, luring victims to deposit funds. In reality, users cannot withdraw their supposed profits. Additionally, the fraudsters prompt victims to download a “PC installer” that anti-virus software identifies as a Trojan, risking theft of wallet credentials and personal data. Scammers also falsely claim backing from Fubon Bank and Taiwan Mobile. BlockTempo advises traders to verify the legitimate TWEX URL (https://www.twex.tw/default.html) and to report any suspicious ads. Stay vigilant against phishing schemes to protect your crypto assets.

Coinbase announced on June 26 that it would delist the deprecated Solana-based Helium Mobile token (MOBILE), leading to a sharp drop in related crypto assets. MOBILE fell to an intraday low of $0.00026 before recovering slightly to $0.00027, marking an 87% decline from its December 2024 peak. Following the delisting notice, Helium’s native token HNT and its subnetwork token IOT each slid over 5% amid increased selling pressure. Derivatives data from CoinGlass shows a 16% drop in open interest for MOBILE futures in 24 hours, indicating bearish sentiment. Transfers of HNT to centralized exchanges are rising, a signal of potential short-term liquidations. On the 1-day USDT chart, HNT broke its $2.308 support, entered a descending channel, and saw its Supertrend flip to a sell signal with an RSI at 42. The next key support lies near $2.00. Meanwhile, rumors of a Helium partnership with football star Neymar offer a possible catalyst to curb further declines.

Shanghai’s Municipal Commission of Commerce and nine other agencies have launched the "Shanghai Port 2025 Cross-Border Trade Facilitation Special Action Plan" from now until August 2025. The initiative aims to enhance international trade by optimizing the Shanghai Port logistics network. Key measures include leveraging the international container transport service platform (MaaS) and applying blockchain technology to empower multimodal transport collaboration. Authorities will accelerate the development of "single-bill" and "single-container" systems for multimodal shipments, expand the inland waterway network with river-to-sea direct routes, and implement regulatory models such as "linked loading and unloading" and "departure confirmation". These efforts are designed to boost regional logistics efficiency and strengthen cross-border trade facilitation through digital innovation.

Germany’s senior data privacy regulator has officially declared the Chinese AI service DeepSeek illegal under national law, citing unauthorized transfers of user data to China. The regulator has formally instructed Apple and Google to remove the DeepSeek app from their German app stores. Earlier in May, authorities demanded DeepSeek implement data protection measures or face delisting; the company did not respond. This decision underscores growing regulatory scrutiny of foreign AI services handling European user data.

Bitcoin’s market dominance climbed sharply to 66%, marking its strongest share of total crypto market capitalization since late 2020. This increase comes amid renewed institutional interest in digital gold and an outflow from altcoin sectors. Meanwhile, Circle’s planned IPO is projected to deliver up to 10x returns for early investors, driven by growing demand for its USDC stablecoin. On the retail front, Robinhood is reportedly exploring the launch of its own cryptocurrency token to boost user engagement and transaction fees. Finally, derivatives platforms Kalshi and Polymarket are embroiled in a regulatory battle over prediction-market licenses, highlighting evolving SEC scrutiny. Together, these events signal a market environment where Bitcoin strength, stablecoin growth and regulatory clarity will guide trader strategies.

Bit Digital’s stock slid nearly 15% to $1.99 on June 27 after announcing a $150 million secondary share offering and a strategic pivot from Bitcoin mining to pure Ethereum staking. The firm plans to issue 75 million shares at $2 each to purchase additional ETH, doubling down on its Ethereum staking focus. As of March 31, Bit Digital held 24,434 ETH (≈$44.6 million) and 417 BTC (≈$34.5 million). If all BTC is converted, total ETH holdings would reach about 42,000 ETH (≈$103 million at current prices). Investors reacted unfavorably, driving the stock down nearly 19% over five days. Despite the bearish market response, Bit Digital remains committed to its Ethereum staking strategy.

Ripple’s aggressive acquisition strategy and planned XRPL upgrades are driving bullish momentum for XRP. The company’s $1.25 billion purchase of broker Hidden Road, along with upcoming deals, underlines its push into institutional markets and use of its RLUSD stablecoin as collateral. XRPL enhancements—adding programmability, new lending protocols and multichain interoperability via a Wormhole partnership—mirror Ethereum’s evolution and could boost cross-border payments and DeFi demand. Meanwhile, CME’s XRP futures have traded over $542.8 million in nominal volume in the first month, attracting diverse institutional and retail participants. Technical indicators, including Elliott Wave analysis and a bullish flag pattern, suggest a breakout above the $2.60 consolidation ceiling, targeting $5–$14. The convergence of strategic acquisitions, infrastructure upgrades, strong futures volume and positive chart patterns positions XRP for significant upside in both the short and long term.

As Bitcoin (BTC) reached record highs in June 2025, miner behavior shifted markedly: overall miner outflows have slumped from daily peaks of 23,000 BTC in February to about 6,000 BTC today, while Satoshi-era miners sold just 150 BTC year-to-date versus nearly 10,000 BTC in 2024. On-chain analysis by CryptoQuant shows miners’ daily revenue fell to its lowest since April 2025—around $34 million—due to lower transaction fees and a recent 50% block subsidy halving. Despite a 3.5% drop in network hashrate over ten days, miners added 4,000 BTC to reserves since April, pushing holdings by small-to-mid-sized operations (100–1,000 BTC) to 65,000 BTC—a level unseen since last November. CryptoQuant attributes this “HODL” trend to miners’ combined 48% operating margin and reluctance to sell into tight supply conditions, suggesting strong confidence ahead of a potential market top.

Bitcoin Optech Newsletter #360 reports on new research enabling node fingerprinting via P2P addr messages, which could deanonymize full nodes by correlating IPv4 and Tor connections. Proposed mitigations include removing or randomizing timestamps in addr payloads. The newsletter also covers a proposal to drop uppercase “H” for hardened BIP32 derivation in BIP380 descriptors, aligning implementations by allowing only lowercase-h or apostrophe. Releases include Bitcoin Core 28.2 (bug fixes), while infrastructure updates span Core Lightning, Eclair, LND, LDK and libsecp256k1 enhancements for mining IPC, trampoline payments, auth proofs, timing privacy and splice updates. These developments may refine node fingerprinting defenses and standardize descriptor grammars for better interoperability.

Neowave Academy, a Hong Kong–based professional Web3 education platform, is accelerating its global expansion through strategic community partnerships. The initiative includes multi-level blockchain learning paths, localized courses in regional languages, weekly NeoTalks sessions featuring industry thought leaders, and certified training partnerships with universities. Recently, Neowave hosted a live AMA with CoinW, engaging users across Asia and reinforcing education as community infrastructure. The platform’s decentralized educator network enables co-branded course development, monetization opportunities, and grassroots content creation. Future plans target Southeast Asia, MENA and LATAM regions, with regional workshops, university-aligned hubs, talent discovery via AMAs, and regulatory-aligned curriculum development. By combining real-time trader training, AI-powered research methodologies, and on-chain data insights, Neowave aims to democratize crypto expertise and become the foundational layer for Web3 learning worldwide.

KuCoin Futures has unveiled a $10 million initiative to empower affiliates and ecosystem partners, reinforcing its $2 billion Trust Project. Over 10 months, the exchange will allocate $1 million monthly to support content-driven affiliates and Web3 innovators. Participants can earn up to 60% commission on trading fees, receive exclusive airdrops, and access a suite of resources—including market insights, tutorials and event updates—to create high-impact content. The program features a transparent real-time dashboard for tracking traffic, conversions and earnings, and offers a clear pathway from new members to “star partners” and regional leaders. This strategic move aims to foster sustainable growth, deepen community engagement and accelerate cryptocurrency adoption across the decentralized ecosystem.

Bybit, the world’s second-largest crypto exchange by trading volume, has launched a limited-time event allowing users to buy cryptocurrencies—USDT, BTC, ETH and more—directly with Visa or Mastercard in over 25 local fiat currencies. The promotion offers up to 10 USDT cashback per transaction, plus a 5 USDT bonus for first-time purchases in newly supported currencies. Eligible users must complete Level 1 identity verification or business verification. The feature is accessed via Bybit’s “One-Click Buy” page and excludes customers in the European Economic Area. This move aims to streamline fiat-to-crypto on-ramps and broaden global access to digital assets.

Binance Wallet will launch its NodeOps Token Generation Event (TGE) on June 30, 2025, requiring participants to subscribe using Binance Alpha points. The limited two-hour window (4–6 PM UTC+8) is designed to boost point utility and spark trading activity. Market analysts note that previous token events at Binance have lifted trading volumes and liquidity, but current volatility—such as a 6.8% drop in the NODE token over 24 hours—highlights risks. Experts also warn of regulatory uncertainties that could affect participation and asset liquidity. Investors are advised to monitor token distribution plans and evolving regulations, balancing potential gains against volatility and compliance challenges.

Andreessen Horowitz (a16z) led a $15 million Series A round in Cluely, a consumer-focused AI startup known for its provocative “rage-bait” marketing. Cluely’s unconventional approach—generating viral controversy first, building the product later—validated a16z partner Bryan Kim’s thesis that rapid momentum, not slow perfection, is now the key competitive advantage or “moat” for AI startups. Cluely went viral with a short video demonstrating AI-powered deception before its product was functional, translating outrage into user growth. This strategy reflects a broader shift in venture capital: investors are prioritizing speed, adaptability and attention capture over traditional metrics like product-market fit at launch. Cluely’s official launch on June 27 will test whether pre-launch buzz can sustain long-term growth. The deal signals a change in VC due diligence, with firms now valuing raw user engagement and viral reach as critical indicators of a startup’s potential in the fast-moving AI landscape.

Coinbase shares surged to an all-time high, closing at $369.21 and peaking at $381.35, after CEO Brian Armstrong revealed weekly Bitcoin acquisitions. Market optimism was bolstered by geopolitical developments—such as the Israel-Iran ceasefire—and the US Senate’s passage of the crypto-friendly Genius Act. Meanwhile, Bakkt filed an SEC prospectus to expand its policy for Bitcoin and other digital asset purchases. Riding this wave of Bitcoin bullishness, the BTC Bull Token (BTCBULL) presale is gaining traction, with free Bitcoin airdrops slated when BTC hits $150K, $200K and $250K. Investors can purchase BTCBULL at $0.00258 each via its presale page, with staking rewards up to 54% p.a. and periodic token burns at key BTC price milestones. As institutional and exchange-level demand intensifies, traders should monitor Coinbase’s momentum and BTC Bull Token developments for potential short- and long-term market opportunities.

Mullen Automotive has started accepting Bitcoin and the TRUMP meme coin as payment for its commercial electric vehicles. This payment option covers Mullen and Bollinger models, including the Mullen ONE cargo van, Mullen THREE chassis truck, and Bollinger B4 cab chassis. Production at Mullen Automotive’s Tunica facility began in August 2023, and vehicles are now available through seven U.S. dealerships and over 50 Bollinger outlets. CEO David Michery said cryptocurrency payments will expand accessibility for individual and commercial buyers. Mullen plans to add more popular meme coins and stablecoins soon. All vehicles meet U.S. Federal Motor Vehicle Safety Standards, EPA and CARB certifications.

The European Central Bank (ECB) cautioned that cross-border issuance of stablecoins could undermine EU financial stability, weaken regulatory oversight, and trigger large-scale runs if issuers hold insufficient reserves. The ECB highlighted risks such as regulatory arbitrage by non-EU issuers and mixed legal liability for redemption obligations. In response, the European Commission’s June report asserted that under the Markets in Crypto-Assets (MiCA) framework, stablecoin risks remain contained. MiCA mandates 1:1 reserves, free redemption, and at least 30% of reserves in EU banks, deterring major issuers like Tether (USDT) from registering in Europe. The Commission noted any redemption surge would largely occur outside the euro area and emphasized MiCA’s effective barriers to foreign stablecoin market entry. Despite these assurances, ECB President Christine Lagarde reiterated concerns over cross-border stablecoins’ impact on monetary policy and financial stability, calling for robust oversight. The regulatory divergence underscores the EU’s balancing act between innovation and risk control.

Euler price surged 27% in 24 hours to over $11, fueled by a 236% spike in daily volume to $2.65 million. The boost coincides with EulerSwap’s beta-phase milestone of $230 million cumulative trading volume in three weeks. At $11.05 intraday, EUL trades just 14% below its 2022 all-time high of $12.97. EulerSwap’s integration of Uniswap v4 with Euler lending vaults optimizes capital efficiency, while the upcoming Euler Super App on Arbitrum expands lending and borrowing across ARB, USDC, USDT, WETH, wstETH, weETH and WBTC. The rally reflects growing DeFi activity and bullish altcoin sentiment, positioning Euler price for a potential breakout past its previous peak.

Aztec Amaya, Chief Strategy Officer at Lunar Digital Assets, has played a pivotal role in incubating and marketing major crypto projects. He helped Polygon rebrand from Matic and raised $400 million, co-founded QuickSwap—the largest DEX on Polygon—and launched the DeFi Summer movement. At Lunar Digital Assets, Amaya leads strategy, talent recruitment, and hosts “The Aggregated” X-space show, attracting up to 100 000 weekly listeners. His latest initiative, LitVM, is a zk Omnichain built on Litecoin to bring DeFi, advanced payments, and real-world assets to the hard-money community. With a testnet on the horizon, Amaya urges traders and developers to join the LitVM X account for updates. This interview underscores Amaya’s impact on Polygon and Litecoin ecosystems and highlights his vision for hard money web3.

Crypto thefts reached $2.1 billion in H1 2025, driven by front-end and private key exploits that accounted for over 80% of losses. Blockchain intelligence firm TRM Labs reports these attacks combine social engineering and infrastructure flaws to net hackers ten times more value than typical cyberattacks. Dubai-based Bybit suffered a record $1.5 billion hack by state-backed North Korean actors, representing 70% of total thefts and doubling the average breach size to $30 million. Geopolitical group Predatory Sparrow targeted Iranian exchanges for $100 million in losses. DeFi platform Resupply lost $9.6 million in a synthetic asset exploit, while British hacker Kai West was indicted for selling stolen data for millions in BTC and XMR. TRM Labs urges stronger security practices including multifactor authentication, cold storage, regular audits, and international collaboration to curb rising crypto theft.

Kraken has launched Krak, a peer-to-peer crypto and fiat payments app covering over 100 countries. Users can instantly send and request payments in 300 assets—spanning cryptocurrencies and local currencies—using Kraken’s internal infrastructure for faster cross-border transactions. Co-CEO Arjun Sethi highlighted a decade of regulatory compliance work under money transmitter licenses. Krak’s roadmap includes physical and virtual cards and pay-in-advance loans. Meanwhile, Kraken secured its first EU MiCA license from the Central Bank of Ireland, complementing existing VASP registrations in key European markets. This regulatory milestone reinforces Kraken’s commitment to responsible innovation and long-term growth in the crypto ecosystem.

Binance announced on June 27 that CESS Network (CESS) has launched on Binance Alpha. Eligible users with at least 170 Binance Alpha points can claim a 10,000 CESS airdrop within 24 hours of trading commencement by spending 15 Alpha points via the Alpha Events page. The distribution operates on a first-come, first-served basis and will conclude once the airdrop is exhausted or the event period ends. This CESS airdrop on Binance Alpha aims to stimulate early trading activity and user engagement.

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) have launched a joint public consultation on a licensing framework for virtual asset trading and custody service providers. Under the proposal, the SFC would grant and supervise licences for crypto exchanges and custodians, enforce regulations, and set compliance standards based on a “same business, same risk, same rules” principle. The aim is to strengthen investor protection, maintain market integrity and support a sustainable, vibrant digital asset ecosystem in line with the “ASPIRe” roadmap.

Cardano (ADA), Solana (SOL) and Hyperliquid (HYPE) each recovered modestly after last week’s marketwide sell-off but are struggling to sustain gains. ADA rebounded from $0.55 to $0.56 before stalling below key resistance, with analysts highlighting the $0.54–$0.58 support zone as critical for any rebound toward $2.60. SOL holds above its $139 support, trading in a corrective Elliott Wave structure between $141 and $143, and eyeing the $148–$149 zone pending a clean breakout. Meanwhile, HYPE consolidates at $36–$38, with traders debating a move toward $45 if support holds or a dip to $32 on continued weakness. Spot volumes remain thin, and none of the tokens have confirmed sustained breakouts, signaling a cautious market entering a consolidation phase.

On-chain analytics firm CryptoQuant reports that Bitcoin long-term holders (LTHs)—addresses holding BTC for at least six months—have net accumulated a record 800,000 BTC over the past 30 days, surpassing prior peaks in July 2021 and September 2024 that preceded major price rallies. Coins moving into the LTH cohort carry an average acquisition cost of $95,000–$107,000, establishing this zone as a strong support level. Short-term holders (STHs) maintain a cost basis just below $100,000, with a support range of $93,000–$98,000; Glassnode warns that breaching this band could trigger deeper corrections. Additionally, so-called “Satoshi Era” miners have sold only 150 BTC so far in 2025, underscoring early stakeholders’ holding mentality. Traders should monitor these on-chain supply shifts, cost-basis thresholds and miner behavior for insights into potential entry and exit points.