Cryptocurrency News & Live Updates
Synopsis
Sui is under scrutiny as it prepares for a significant token unlock, while Bitcoin eyes a breakout amid rising ETF inflows. Sonic also faces challenges ahead of its token release.
This week, the cryptocurrency market is buzzing with activity, particularly around Sui and Sonic. Sui is set for a major token unlock of 5.22 billion tokens, valued at over $154 million, which could significantly impact its price, currently hovering near the $2 support level. Meanwhile, Bitcoin is experiencing a surge in ETF inflows, totaling nearly $50 billion, as it approaches a potential breakout to its all-time high, with targets reaching around $145,000. In contrast, Sonic, formerly known as Fantom, is facing a downturn, with its price dropping significantly from earlier highs. The upcoming unlock of tokens worth over $73.7 million could further influence its market performance. Additionally, Ethereum is witnessing increased ETF inflows, yet it faces risks with rising exchange supplies and a drop below key moving averages, raising concerns about a potential decline below $2,000. Lastly, Binance’s unwavering support for XRP amid regulatory challenges highlights the exchange’s commitment to maintaining liquidity for the token, which has shown impressive yearly gains despite recent fluctuations.
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Cryptos to Monitor: Sui and Sonic This Week
Sui is under scrutiny as it prepares for a significant token unlock, while Bitcoin eyes a breakout amid rising ETF inflows. Sonic also faces challenges ahead of its token release.
Ethereum ETF Inflows Surge Amid Price Risks
Ethereum’s price remains stable at $2,400 despite a significant rise in ETF inflows, which reached $283 million last week, marking a seven-week streak of growth. However, risks loom as on-chain data indicates increased selling pressure and a drop below key moving averages.
Senate’s ‘Beautiful Bill’ Could Raise U.S. Debt by $3.3T
The Senate’s version of the ‘Beautiful Bill’ is projected to increase U.S. debt by $3.3 trillion over the next decade, following its narrow passage in the House and procedural vote in the Senate.
CZ Stands Firm: XRP Remains on Binance
Despite the SEC’s legal challenges, Binance founder Changpeng Zhao confirmed that XRP was never delisted from the global platform, contrasting with U.S. exchanges that suspended trading.
Binance Alpha Launches 5,550 FUEL Token Airdrop
Binance Alpha has listed Fuel Network (FUEL) and is offering an airdrop of 5,550 FUEL tokens to eligible users who can claim them using Binance Alpha Points.
Binance Adjusts Collateral Ratios for Margin Assets
Binance will modify the collateral ratios for various assets in its Portfolio Margin service on July 4, 2025, impacting users’ Unified Maintenance Margin Ratios.
Trump Mulls Tariff Suspension Amid Canada Trade Talks
U.S. President Donald Trump indicated in an interview that while he sees no immediate need to extend the tariff suspension, it remains a possibility. He also announced a halt to trade negotiations with Canada until certain tax practices are addressed.
Trump Calls for Reduced U.S. Interest Rates
U.S. President Donald Trump has urged for a decrease in interest rates to between 1% and 2%, expressing concerns over high rates on 10-year debt.
Ethereum Wallet Reawakens After Nearly 10 Years
A dormant Ethereum wallet containing 1,000 ETH, valued at about $2.4 million, has been activated after 9.9 years, showcasing Ethereum’s remarkable value growth since 2015.
Stablecoins Outpace Traditional Card Networks in Usage
Alchemy’s Noam Hurwitz emphasizes the rapid adoption of stablecoins, which have now become the preferred method for online transactions, surpassing traditional card networks.
Binance Alpha Unveils FUEL Trading Contest
Binance Alpha has announced a trading competition for FUEL tokens, running from June 29 to July 13, 2025, rewarding the top 9,000 participants with 99 million FUEL tokens based on their purchase volume.
Binance Alpha to Distribute 5,550 FUEL Tokens
Binance Alpha has launched an airdrop of 5,550 FUEL tokens for eligible users, who can claim them using Binance Alpha Points within 24 hours after trading starts.
Fuel Network (FUEL) Now Listed on Binance Alpha
Binance Alpha has launched Fuel Network (FUEL), initially priced at $0.013381, currently trading at $0.0069719, with an intraday high of $0.0071953.
OpenAI Partners with Global Organizations for AI Solutions
OpenAI has secured contracts with the U.S. Department of Defense, the Indian government, and Grab to provide customized AI services, with fees starting at $10 million.
Binance Alpha Unveils Fuel Network Trading Contest
Binance Alpha has announced a Fuel Network Trading Competition, inviting users to trade FUEL tokens for exclusive rewards from June 29 to July 13, 2025. The top 9,000 participants will share 99 million FUEL tokens based on their purchase volume.
Binance Introduces FUEL Trading Contest on Alpha
Binance announces a trading competition for FUEL tokens on its Alpha platform, running from June 29 to July 13, 2025, with 99 million FUEL tokens as rewards for top participants.
Meme Coins and Underdogs Outperform Major Cryptos
As major cryptocurrencies like XRP, Bitcoin, and Ethereum stagnate, lesser-known altcoins such as Hosico Cat and Everscale are experiencing significant gains, driven by community engagement and promotional campaigns.
Vanadi Coffee Boosts Bitcoin Holdings
Vanadi Coffee, a Spanish coffee chain, has increased its Bitcoin holdings by acquiring an additional 20 BTC, totaling 54 BTC, as part of a strategy to become Spain’s largest publicly traded Bitcoin company.
PENGU Price Surges Amid NFT Sales and Whale Activity
The Pudgy Penguins token (PENGU) has surged by 52% recently, driven by increased NFT sales and whale purchases, reaching a high of $0.01450.
Michael Saylor Teases Bitcoin Buying Plans
Michael Saylor, Executive Chairman of Strategy, hinted at a Bitcoin accumulation strategy, stating, ‘In 21 years, you will wish you had bought more.’ Typically, acquisition data follows such announcements.
Just DAO Modifies JustLend USDJ Market Parameters
Just DAO has revealed major changes to the USDJ market on JustLend, reducing the collateral rate to 0% and increasing the reserve rate to 100%, effective June 29, 2025.
Binance Market Overview for June 29, 2025
The global cryptocurrency market cap is $3.29T, with Bitcoin trading at $107,805, up 0.45%. Major cryptocurrencies show mixed performance, with CTK, 1000CAT, and OGN leading gains.
New Mortgage Regulations Could Drive Crypto Adoption
U.S. housing regulators plan to accept crypto assets in mortgage applications, a move ARK Invest’s Cathie Wood believes could significantly enhance crypto adoption and financial inclusion.
Markets Anticipate U.S. PMI and Jobs Data
The U.S. dollar weakens post-ceasefire, as focus shifts to upcoming macroeconomic indicators, including PMI and non-farm payrolls, which could influence Fed rate decisions.
Understanding Bitcoin as the Investment Benchmark
The phrase ‘Bitcoin is the hurdle rate’ suggests that Bitcoin serves as the ideal benchmark for investments, urging investors to seek returns exceeding those of Bitcoin.
El Salvador Acquires 1 Bitcoin for National Reserves
On June 29, El Salvador purchased 1 BTC, continuing its ‘1 Bitcoin a day’ strategy initiated by President Bukele to bolster its national Bitcoin reserves.
CICADA Finance Partners with Metalpha for Leverage Tool
CICADA Finance has teamed up with Metalpha to launch an innovative leverage tool based on USD1, allowing users to access up to 10 times leverage financing for Fair Launch participation.
Musk Critiques Senate’s Approval of Trump’s Bill
Elon Musk voiced strong opposition on X to the Senate’s endorsement of Trump’s ‘Beautiful Bill,’ claiming it would jeopardize millions of jobs and harm the U.S. strategically.
New Mortgage Regulations Could Enhance Crypto Adoption
The U.S. housing regulator plans to accept crypto assets in mortgage applications, a move ARK Invest’s Cathie Wood believes could significantly boost crypto adoption and financial inclusion.
AguilaTrades Boosts Bitcoin Holdings to $216 Million
On-chain analyst Yu Jin reports that AguilaTrades has increased its Bitcoin position to $216 million, holding 2,000 BTC with a floating profit of $1.22 million.
Bitcoin Exceeds 108,000 USDT with Daily Growth
Foresight News reports that Bitcoin has surpassed 108,000 USDT, currently trading at 108,011.00 USDT, reflecting a daily increase of 0.69%.
Bhutan Uses Bitcoin Reserves to Boost Economy
Bhutan is tapping into its mined Bitcoin reserves, approximately 12,000 BTC, to mitigate a decline in tourism revenue and bolster government spending, making it the third-largest Bitcoin holder globally.
Markets Anticipate U.S. PMI and Jobs Data
The U.S. dollar weakens post-ceasefire as focus shifts to key economic indicators, including PMI and non-farm payrolls, which could influence the Fed’s rate decisions.
El Salvador Acquires Additional Bitcoin for Reserves
El Salvador has purchased 1 BTC on June 29, continuing its strategy of accumulating Bitcoin as part of its national reserves, reaffirming its commitment to the digital asset.
Bitcoin and Ethereum Maintain Stability Amid Market Changes
Recent data shows stablecoins surged to nearly 30% during sell-offs, while Bitcoin and Ethereum held steady at around 50% across market cycles.
Institutional Investment Shifts to Bitcoin Treasury Firms
Crypto analyst Scott Melker notes a significant influx of capital into firms adopting Bitcoin treasury strategies, as institutional investors pivot towards crypto-related equities amidst altcoin underperformance.
Bolivia Sees 630% Surge in Crypto Payments
Bolivia’s virtual asset transactions soared by 630% in H1 2025, totaling $294M, driven by Central Bank policies aimed at reducing USD reliance and supporting small businesses.
Binance Update: Crypto Market Trends Today
The global cryptocurrency market cap is $3.32T, with Bitcoin trading at $107,805, reflecting a 0.45% increase. Major cryptocurrencies show mixed performance, with CTK, 1000CAT, and OGN leading gains.
Bitcoin (BTC) Hits 108,000 USDT with 0.64% Gain
As of June 29, 2025, Bitcoin has reached the 108,000 USDT mark, reflecting a modest increase of 0.64% over the past 24 hours.
Vinanz Transforms into London BTC Company
Vinanz is rebranding as the London BTC Company, driven by rising investor interest in Bitcoin. The firm has recently increased its Bitcoin holdings to 65.03 BTC.
Trump Family’s WLFI Achieves Record Trading Volume
The Trump family’s cryptocurrency initiative, WLFI, has reached a remarkable milestone with its stablecoin USD1 recording a trading volume of $1.25 billion in the last 24 hours, ranking it just behind Tether (USDT) and USDC.
Lakala Explores Stablecoin Collaboration with HKMA
Lakala has expressed its interest in blockchain technology and stablecoins, maintaining dialogue with the Hong Kong Monetary Authority to explore issuance opportunities.
Bitcoin MVRV Ratio Indicates Possible Price Increase
Analyst @ali_charts highlights that Bitcoin’s MVRV ratio may soon align with its 30-day Simple Moving Average, suggesting a potential upward trend for BTC.
Tether’s CEO Unveils Open-Source Password Manager
Tether’s CEO, Paolo Ardoino, announced on X that the open-source password manager PearPass is now in testing and will soon be available. PearPass allows users to securely manage their keys without relying on cloud services.
OpenAI Adopts Google TPU Chips for ChatGPT
OpenAI has started using Google TPU chips to enhance computational capabilities for ChatGPT, marking a shift away from Nvidia chips and reducing reliance on Microsoft’s data centers.
Concerns Raised Over Uniswap Card’s Data Practices
Odaily reports that the Uniswap Card collects user data, including email addresses and IP information. While this data is secured, experts stress the need for Uniswap to uphold user privacy and warn against potential phishing threats.
Panther Metals Purchases Bitcoin for Asset Expansion
Panther Metals, a UK-listed firm, has acquired one Bitcoin to finance hard asset acquisitions through Bitcoin-backed loans, aiming for asset growth while maintaining Bitcoin exposure.
Trader Changes Bitcoin Position After Loss
James Wyn has closed his 40x short position on Bitcoin, resulting in a loss of $3,015.97, and subsequently opened a 40x long position.
Lakala Explores Stablecoin Collaboration with HKMA
Lakala has expressed its commitment to blockchain technology and is in discussions with the Hong Kong Monetary Authority regarding stablecoin issuance opportunities.
BIS Responds to Trump’s Federal Reserve Critique
The Bank for International Settlements (BIS) asserts that President Trump’s criticisms of the Federal Reserve’s interest rate policies do not jeopardize its independence, despite rising global economic uncertainties.
Tether’s CEO Unveils Open-Source Password Manager
Tether’s CEO, Paolo Ardoino, announced on X that the open-source password manager PearPass is now in testing and will soon be available, allowing users to securely manage their keys without cloud services.
Token Buybacks: A Key Resilience Indicator in DeFi
In DeFi, token buybacks are gaining traction as a strategy to demonstrate value and build community trust, despite criticisms of potential price manipulation. When executed thoughtfully, they can enhance token utility and signify a protocol’s financial health.
Crypto Derivatives Risk Index Holds Steady at 62
Foresight News reports that the crypto derivatives risk index remains at 62, indicating a ‘high risk’ status, consistent with the previous day’s reading of 61.
Uniswap Card’s User Data Practices Under Scrutiny
SlowMist’s Cosine has raised concerns about the Uniswap Card’s collection of user data, including email addresses and IP information, urging the platform to protect this data from misuse and phishing threats.
USDT Dominates as Stablecoin Market Grows
Recent data shows the stablecoin market cap has reached $253.609 billion, with USDT holding a 62.48% market share, reflecting a slight increase over the past week.
Nobitex Restores Wallet Access Post-Cyberattack
Iranian exchange Nobitex is gradually reopening user wallets after a cyberattack, starting with verified users and focusing on spot wallets, while requiring identity verification.
Crypto Adoption Rising Among South Korean Youth
A recent Hana Institute report reveals that over 25% of South Koreans aged 20 to 50 own digital assets, with significant interest in cryptocurrency as a wealth-building tool, particularly among those in their 40s and 50s.
Panther Metals Purchases Bitcoin for Asset Expansion
UK-listed Panther Metals has acquired one Bitcoin, aiming to finance hard asset acquisitions through Bitcoin-backed loans while maintaining exposure to the cryptocurrency.
Stablecoins May Not Enhance U.S. Dollar Trust Soon
A report by Minsheng Securities indicates that stablecoins are unlikely to improve the U.S. dollar’s credibility in the near future, primarily due to issues with identifying counterparties and global recognition.
Hong Kong Emphasizes Fintech in Cross-Border Trade
Hong Kong’s Financial Secretary, Paul Chan, highlighted fintech’s potential to improve cross-border trade by addressing slow transaction speeds and high costs, as outlined in the ‘Digital Asset Development Policy Declaration 2.0’.
U.S. Employment Report Set for Early Release
The U.S. non-farm employment report for June will be published earlier than usual on July 3 due to the Independence Day holiday.
Nobitex Restores Wallet Access Post-Cyberattack
Iranian exchange Nobitex has begun reopening user wallets in phases following a cyberattack, initially focusing on verified users and spot wallets, while requiring identity verification.
Crypto Adoption Rising Among South Korean Youth
A Hana Institute report reveals that over 25% of South Koreans aged 20 to 50 own digital assets, with significant interest in cryptocurrency as a wealth accumulation tool, particularly among those in their 40s and 50s.
BNB Hits 650 USDT with 0.59% Daily Rise
As of June 29, 2025, BNB has surpassed the 650 USDT mark, currently trading at 650.26001 USDT, reflecting a modest 0.59% increase over the past 24 hours.
Revolut Expands into Argentina with Banco Cetelem Acquisition
Revolut has acquired Banco Cetelem Argentina, gaining its banking license and $6.4 million in assets, marking its entry into the South American market.
Fintech’s Impact on Cross-Border Trade in Hong Kong
Hong Kong’s Financial Secretary, Paul Chan, highlighted fintech’s potential to improve cross-border trade by addressing slow transaction speeds and high costs, particularly through stablecoins, as part of the ‘Digital Asset Development Policy Declaration 2.0’.
U.S. Employment Report Arrives Early for Holiday
The U.S. non-farm employment report for June will be released earlier than usual on July 3 due to the Independence Day holiday, with U.S. stock markets closing early that day.
OpenAI Leverages Google TPU Chips for ChatGPT
OpenAI has started using Google TPU chips to enhance the computational capabilities of ChatGPT, marking its first major shift away from Nvidia chips.
North Korean Hackers Reportedly Steal $3.2 Million in Crypto
Foresight News reports that the Lazarus hacker group from North Korea targeted a user on May 16, leading to a theft of around $3.2 million in cryptocurrency, which was later transferred from Solana to Ethereum.
Nvidia Insiders Offload Over $1 Billion in Shares
Nvidia insiders have sold over $1 billion in stock in the past year, coinciding with a surge in AI investments and record stock prices, with CEO Jensen Huang also participating in sales while retaining most of his shares.
North Korean Hackers Reportedly Steal $3.2 Million in Crypto
Blockchain investigator ZachXBT claims that the Lazarus hacker group from North Korea targeted a user on May 16, leading to a theft of around $3.2 million in cryptocurrency, which was later laundered through Tornado Cash.
Nvidia Insiders Offload Over $1 Billion in Stock
Nvidia executives have sold over $1 billion in stock in the past year, coinciding with a surge in AI investments. CEO Jensen Huang sold shares following a pre-set plan, retaining the majority of his holdings.
Ethereum Whale Liquidates Holdings at a Loss
An Ethereum whale sold 1,550.4 ETH after 47 days, cashing out $3.78 million but incurring a loss of $69,000, having initially purchased the ETH at a higher price.
Metaplanet’s Innovative Bitcoin Financing Strategy
Metaplanet’s Shinpei Okuno emphasizes that the company avoids bank loans, relying on equity financing and Bitcoin’s daily price to mitigate cash flow risks.
Federal Reserve Rate Cut Projections for July and September
CME’s FedWatch tool shows an 18.6% chance of a 25 basis point rate cut in July, with an 81.4% likelihood of maintaining current rates. For September, there’s a 74.8% probability of a cumulative 25 basis point cut.
Trader Reveals High-Leverage Bitcoin Short Position
Cryptocurrency trader James Wynn showcased a Bitcoin short position with 40x leverage, totaling 13.91 Bitcoins worth about $1.49 million, currently yielding a floating profit of approximately $1,124.
Senate Moves Forward with Trump’s Tax Reform
Market reports suggest the U.S. Senate has garnered sufficient votes to proceed with President Trump’s tax reform bill, enhancing its chances of passing soon.
Bitdeer Boosts Bitcoin Holdings by 40.3 BTC
Bitdeer has added 40.3 BTC to its Bitcoin reserves this week, increasing its total to 1,486.1 BTC as part of its strategy to enhance its cryptocurrency portfolio.
Crossmint Teams Up with Visa for Blockchain Payments
Crossmint has partnered with Visa to launch AI-driven on-chain payments using tokenized credentials, introducing its NFT Wallet as a Service to streamline blockchain integration for businesses.
NFT Market Sees Trading Volume Surge
Recent data reveals an 8.17% increase in NFT trading volume, reaching $125.1 million, with stable buyer engagement and notable high-value transactions.
Resupply Protocol Unveils Recovery Strategy Post-Hack
Resupply has proposed a recovery plan after a hack left 10 million reUSD as bad debt, with plans to destroy 6 million reUSD through its insurance pool and gradually repay the remaining debt.
Resupply’s Recovery Strategy Criticized for Inaction
OneKey founder Yishi has condemned Resupply’s recovery plan, arguing that it unfairly places the burden on users while failing to pursue the hacker behind the $6 million reUSD loss.
Bitdeer Boosts Bitcoin Holdings by 40.3 BTC
Bitdeer has added 40.3 BTC to its portfolio this week, increasing its total Bitcoin holdings to 1,486.1 BTC as part of its strategy to enhance its cryptocurrency assets.
OneKey Founder Critiques Curve’s DeFi Hack Response
OneKey’s Yishi has criticized Curve’s DeFi protocol Resupply for its inadequate response to a recent hack, highlighting a lack of accountability and negative treatment of affected users.
Crossmint Teams Up with Visa for Blockchain Payments
Crossmint has partnered with Visa to launch AI-driven on-chain payments using tokenized credentials, introducing its NFT Wallet as a Service to streamline blockchain integration for businesses.
NFT Market Sees Recovery with Rising Trading Volume
Recent data from CryptoSlam reveals an 8.17% increase in NFT trading volume, reaching $125.1 million, with stable buyer engagement and notable high-value transactions.
Challenges Loom for Bitcoin Treasury Firms
A recent report indicates that Bitcoin treasury companies may struggle to survive a potential market downturn, with only a few likely to maintain their net asset value amid declining prices.
Trump Discusses U.S.-Europe Trade Challenges
U.S. President Donald Trump acknowledged positive relations with Europe but highlighted significant trade challenges, including heavy taxes and legal actions against American firms.
Crypto Startups Secure $739.5M in Funding
During the week of June 22–28, 2025, crypto startups raised $739.5 million across 17 deals, led by infrastructure and institutional-focused projects, with Kalshi topping the list at $185 million.
Trump Discusses U.S.-Europe Trade Challenges
President Trump acknowledges positive relations with Europe but highlights significant trade challenges, including heavy taxes and legal actions against U.S. companies.
NFT Sales Surge to $125M, Ethereum Rises
NFT sales have rebounded by 8.17% to $125.1 million, with Ethereum reclaiming its position as the second-largest blockchain for NFT sales, while Polygon drops to third.
Musk Envisions Economic Growth via AI and Robotics
Elon Musk believes that advancements in artificial intelligence and robotics will drive substantial economic growth and surplus over the next decade.
IRS Crypto Warning Letters Surge by 758%
CoinLedger reports a staggering 758% increase in IRS warning letters sent to U.S. crypto investors in the last 60 days, with many recipients confused despite believing their tax filings were correct.