Bitcoin’s price troubles only accelerated yesterday as the asset dipped toward $59,000 for the second time in June before it finally rebounded to over $61,000 as of now.

Most larger-cap alts followed the ride south and have remained in red now. ETH is down to $1,650, while XRP is well below $1.10.

BTC Rebounds After Latest Crash

After the price decline at the end of the previous business week, in which BTC slipped from $66,400 to $62,400 in just a couple of days after the latest FOMC meeting, the cryptocurrency rebounded swiftly. It tapped $64,000 during the weekend and rocketed to $65,600 on Monday in a rare major uptick.

The bears were quick to intervene, though, and halted the asset’s progress. Bitcoin dipped back down to under $63,000, where it stood for about 24 hours. Then came another crash that drove BTC south hard. In the span of just several hours, the cryptocurrency plummeted from around $63,000 to under $60,000 for the second time this month.

It lost about $4,000 of value and dipped to $59,050 (on Bitstamp), which became its lowest price tag in nearly two years. This crash coincided with MSTR’s 10% drop as the rocky relationship between the two continues. The bulls finally stepped up after such a painful drop, and BTC has rebounded by well over two grand, currently sitting above $61,500.

Its market cap is back to $1.235 trillion on CG, while its dominance over the alts stands at 56.1%.

Alts Bled, too

Ethereum is down by over 1% in the past 24 hours and now struggles at $1,650 after rebounding from around $1,600. BNB has slipped to $570, while XRP has lost the $1.10 support. It dipped beneath $1.05 yesterday, but it stands at $1.08 now. DOGE, SOL, TRX, XLM, XMR, and HBAR are also in the red.

MemeCore (M) has slumped by over 70% in the past 24 hours, plunging below $0.80 after some depegging issues with MIM. In contrast, AAVE has soared by 14% to over $81.

Pi Network’s native token dipped toward $0.12. This meant that it came inches away from posting a new all-time low (currently at $0.1189) but has managed to barely avoid another anti-record as of press time.

The total crypto market cap is down to $2.2 trillion on CG.

The post Pi Network’s PI Barely Avoids New ATL, BTC Rebounds From Another Dip to $59K: Market Watch appeared first on CryptoPotato.

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Bitcoin price is wobbling again as the Clarity Act, MiCA, and Trump CBDC fights are heating the market. Not just all of those, according to WSJ, Iran linked wallets, are allegedly moving and laundering money trough Coinex to avoid sanction.

Last night, crypto once again expericed a masive dip, although it does feel different, it was raw and fast. Regulators are drawing hard lines, on-chain sleuths are exposing flows, and one viral Reddit post reminded us that retail still moves markets.

Bitcoin (BTC)

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Bitcoin Price Retests Lows After Heavy Liquidations

Bitcoin price is now recovering at $61,800 after retesting 20-month lows under $60K. Coinglass data shows fresh liquidations stacking up, with millions wiped in the last 24-hours, with longs taking the heaviest hits. Data confirms $1 billion has been liquidated last night, concentrated on long positions accounting $780 million.

However, the pain might not be over. A major Chinese Bitcoin miner called a bottom between $42k–$44k for late 2026. Jiang Zhuoer, founder of the Chinese Bitcoin mining pool BTC.top based his prediction on long-term cycle models and Strategy’s (MicroStrategy) mNAV nearing 2022 lows. Arthur Hayes fired back with his usual swagger, saying AI-driven liquidity could eventually send Bitcoin price toward $1 million.

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Iran Coinex Under WSJ Spotlight as Clarity Act Enters Final Review

WSJ reported Iran linked entities moved $3.84 billion through CoinEx since 2019 to bypass sanctions. On-chain data and TRM Labs flagged it as a major illicit hub, with alleged ties to IRGC and sanctioned Russian entities.

CoinEx has emerged as one of Iran’s primary gateways to global crypto markets, allowing the regime to convert and move funds while bypassing U.S. sanctions. Investigators flagged suspicious activity earlier this year involving two wallets tied to Iran’s Central Bank, which received funds traceable back to the $1.5 billion Bybit hack carried out by North Korean actors.

Also according to the report, those assets were laundered through complex transaction chains before ultimately landing on CoinEx. There’s also a report of direct transactions between CoinEx-hosted wallets and accounts U.S. authorities have linked to Iran’s Islamic Revolutionary Guard Corps (IRGC). While CoinEx has not yet faced new U.S. sanctions, the revelations are putting the exchange under fresh compliance pressure.

More on the regulatory front, Senator Lummis opened the final review window for the Clarity Act as the DOJ pushing back on claims of loopholes. Progress on the Clarity Act is moving faster than most expected.

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MiCA is Coming, and Only Less Than 10% Firms Are Compliant While Trump CBDC Fight Spills Into Housing Bill

Moving to Europe, the next week MiCA deadline is forcing for an industry-wide reset. As of today, only 210 out of 3,000 crypto firms cleared the deadline. After July 1, all the unlicensed platforms lose access to 450 million EU users with no extensions. Coinbase opened a Luxembourg hub. Binance is seeking approval elsewhere. The MiCA cull is brutal but could be necessary.

Back to America, President Trump abruptly canceled the scheduled signing of the 21st Century ROAD to Housing Act. The bill itself is a major bipartisan bill that had passed the House 358-32 and the Senate 85-5. This legislation aims to boost housing supply and affordability by cutting regulations and encouraging new construction. However, the bill also includes a provision that would block the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030.

Trump posted on Truth Social that he would not sign the housing bill until Congress first passes the SAVE America Act, his priority election integrity and voter ID legislation, which he called a “National Emergency.”

Trump’s action has left the housing bill in limbo despite its bipartisan support. While the CBDC ban was a key addition pushed by Republicans, Trump’s decision to hold up the entire package is primarily aimed at forcing action on the SAVE Act. This creates short-term uncertainty but is likely good for crypto as the anti-CBDC language stays alive as leverage.

Meanwhile, Reddit’s WallStreetBets turned Wendy’s into a meme stock, shares jumped over 40% after a “Save Wendy’s before it’s too late” post went viral from 20-year lows. It shows that retail still has teeth.The liquidations are flushing out weak leverage. Every shakeout clears the path. Bitcoin price has survived far worse.

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The post Crypto News, June 25: Bitcoin Price 20-Month Low, Iran Coinex Controversy Grows While Clarity Act, MiCA and Trump CBDC Debate Heat Up appeared first on Cryptonews.

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On Monday morning, June 22, Keir Starmer finally acknowledged what his Cabinet, parliamentary colleagues and the public had already concluded: he no longer had the authority to lead. 

In doing so, he became the sixth prime minister in a decade – a level of political instability unmatched in modern British history. Every sector is now asking the same question: Who and what comes next? So, for digital assets, let’s unpack that. 

Direction of Travel

From a policy perspective, the ship has largely set sail. Regulators are in the final stages of formalising a comprehensive framework, officials are listening, and engagement has been genuinely constructive.

This week’s announcement from the Bank of England illustrates the point well, even if it was partly overshadowed by political noise. Its policy statement and draft rules on sterling-denominated systemic stablecoins marked a clear step forward. 

The required proportion of backing assets held in central bank deposits has been sensibly reduced from 40% to 30%, while the caps on holdings have been replaced by issuance limits. 

“Each systemic stablecoin will be subject to an initial issuance maximum of £40 billion,” wrote The Bank of England. 

We are imminently expecting a handful of policy statements from the FCA – covering everything from cross-cutting handbook reforms and the Regulated Activities Order. These will likely land much before a new Ministerial HM Treasury team is installed. 

I mention this because political cycles may be volatile, but regulatory frameworks are built through sustained, technical engagement. 

Politically speaking, we have navigated seven City Ministers since 2022 alone. Yet despite the political turbulence, the notion of a “global cryptoasset hub”, first coined by former PM Rishi Sunak, has survived. 

Whoever walks through the door of No 10 – and whichever team follows them – will not reverse this. The wheel has already turned. 

UK Crypto Sector Needs a Clear Political Wall

While we have made great progress on several ‘sticky’ issues for the sector, there are still some critical areas that need clear political will: the future direction for DeFi, a workable prudential regime for firms, workable FinProms rules, and a level tax playing field for stablecoins to name a few. 

We must keep engaging at a political level to keep this momentum and keep landing messages around growth, productivity and jobs – all areas that transcend personnel. It is incumbent on industry to ensure that message carries through. We will certainly be playing our part. 

More crucially, the digital asset agenda must not become politicised and dragged into the culture wars in the way it did in the US and as we’ve begun to see this year in the UK, thanks to so-called ‘crypto donations’. 

This latest news shows how quickly the conversation descends into many of the usual tropes industry is familiar with, which are largely based on misunderstanding and misinformation. 

Because strip away the headlines and the memes, and what we are actually talking about is rather prosaic. This is plumbing. 

Financial infrastructure required to ensure the City of London remains a global centre of finance. With yesterday marking the tenth anniversary of Brexit, the point feels all the more pertinent.

That objective should transcend party lines. Encouragingly, there are signs that it does. Just last week, Conservative Party peers tabled amendments to the Financial Services and Markets Bill calling for a wholesale tokenisation strategy and a dedicated digital asset framework. 

Meanwhile, the Liberal Democrats are actively developing their own policy platform for the sector. 

And it must remain that way. The long-term success of the UK’s digital asset ecosystem will depend not on partisan point-scoring. 

Who Steers the Ship?

It is too early to call who might stand against Burnham, but a coronation rather than a contest looks like the most probable outcome, especially following the early backing of Wes Streeting, himself long touted as a likely contender.

To add a layer of Westminster intrigue, sections of the media have been quick to elevate Al Carns as a possible dark horse contender. Yet the arithmetic looks challenging. Without the backing of the 81 MPs needed to trigger a contest, his route to the ballot is narrow. 

So, with Burnham a few steps from No.10, attention inevitably turns to who might take up the keys to No.11, where the UK’s finance minister lives. 

At this stage, Ed Miliband, Wes Streeting and Shabana Mahmood all appear to be in the frame as favourites.

On the face of it, Burnham is keeping his cards close to his chest. Whether this reflects genuine indecision or carefully managed ambiguity remains unclear. 

More likely, it reflects an internal debate within his team about the future ideological direction of the Labour Party, with Reform UK waiting in the wings, buoyed by recent local election successes. 

For now, the picture is one of competing centres of gravity rather than a settled plan, with No. 11 still very much up for grabs.

Other names are circulating. Yvette Cooper as a steady hand for markets, Miatta Fahnbulleh with her more radical economic vision, or even Louise Haigh, who is helping Burham run his campaign, as a wildcard. 

What Does the Next UK PM Bring for Crypto?

For our sector, the jury is out. None of the frontrunners has meaningfully engaged with the digital assets industry to date. 

The bookies’ favourite is a 2029 election, giving any new leader up to three years. That window must be used wisely, and it won’t be plain sailing for Burnham. A sharp lurch to the left risks alienating the very New Labour voices that brought Stamer’s Labour back to power.

Major foreign policy questions on Ukraine and Gaza remain unanswered and will prove divisive. On the economic front, whispers of significant cost-of-living interventions, particularly on energy bills and VAT, with limited financial headroom, suggest that borrowing may rise. 

The markets’ reaction, as we saw with the pound strengthening and borrowing costs easing on news of Starmer’s departure, will be telling. History shows that bond market confidence can make or break an administration.

However, expect Burnham to make overtures to the City and roll back on some of his more hardline agenda in advance of coronation day to ensure he lands softly in No.10 and markets don’t give him a headache.

His team is already briefing about seeking guidance from well-known establishment figures such as Andy Haldane, a former Bank of England economist, to do just this.

But stepping back from the personalities, the task now is not to reopen the argument over digital assets, but to finish it properly, without losing focus on the inevitable noise that surrounds any moment of political transition. 

Here at the UKCBC, we will keep fighting the good fight.

The post The Next PM Could Decide Britain’s Crypto Future appeared first on BeInCrypto.

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Quick Overview

• HYPE has retreated 22% from its peak of $76.9, now hovering around $66
• Critical support zone between $50 and $54 coincides with the 50-day EMA
• Trader engagement has declined with open interest falling from $2.2B to $1.73B
• Spot market pressure is declining, though spot CVD stays negative at -$95M
• Crypto analyst Altcoin Sherpa identifies $55–$64 as an attractive accumulation range targeting $100

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The HYPE token from Hyperliquid has experienced a 22% decline from its all-time peak of $76.9 achieved in recent trading sessions. Currently changing hands near $66, market participants are evaluating whether the bullish momentum that began in January remains intact.

The correction emerged after the token failed to sustain levels above its record high near $76. During midweek trading, HYPE dipped beneath the $60 threshold before finding stability. The 50-day exponential moving average, which has provided consistent support during the March-initiated rally, is now facing a critical test.

Futures market metrics continue to reflect optimistic sentiment. Data from CoinGlass indicates a long-to-short ratio standing at 1.03, accompanied by positive funding rates of 0.0042%. This configuration shows long position holders are compensating short sellers, indicating prevailing expectations for upward price movement.

Spot Market Pressure Shows Signs of Relief

The intensity of spot selling has diminished compared to early June levels. The aggregated spot cumulative volume delta (CVD) has recovered from recent lows, although it maintains a substantially negative reading around -$95 million. When prices dropped from $76 in early June, spot selling pressure peaked at $110 million.

The derivatives landscape tells a more reserved story. Open interest has contracted from $2.2 billion down to $1.73 billion. Derivatives CVD hovers near -$389 million. This suggests market participants are reducing their positions rather than establishing fresh trades.

Social dominance metrics for HYPE have been declining since June 17, currently registering at 0.175% per Santiment data. Increased retail engagement following the all-time highs has emerged, which certain market observers interpret as a potential caution signal for short-term price action.

Spot ETF activity has remained subdued throughout the week, with SoSoValue reporting minimal institutional involvement.

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Critical $50–$54 Zone Emerges as Pivotal Support

The most significant support level appears between $50 and $54. This zone aligns with both the ascending 50-day EMA and an unfilled daily fair-value gap. A daily candle closing beneath $53 would mark the first bearish structural shift on the daily timeframe for this year.

Beneath this level, the 100-day EMA positioned at $51.57 represents the subsequent support, with $49 following. More substantial support exists around the $38 level.

Cryptocurrency analyst Altcoin Sherpa provided his perspective on the current market structure: “HYPE, I think anywhere in the 55–64 area is a pretty good place to accumulate this one. I think it goes to $100 later this year personally and is still the best altcoin…but it’s going to also depend a lot on bitcoin IMO.”

$HYPE I chart this 1 daily but I think anywhere in the 55-64 area is a pretty good place to accumulate this one. I think it goes to $100 later this year personally and is still the best altcoin…but it’s going to also depend a lot on bitcoin IMO. haven’t checked onchain to see… https://t.co/xPVzPq6YbN pic.twitter.com/0t0USpBJZk

— Altcoin Sherpa (@AltcoinSherpa) June 24, 2026

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For bullish continuation, a daily close exceeding $74.60 would clear the pathway toward establishing fresh highs. The 50-day EMA currently resides at $58.94, the 100-day at $51.57, and the 200-day at $44.68, all positioned below current price action and indicating the broader uptrend structure remains unbroken.

The Relative Strength Index reads approximately 53 on the daily timeframe, while the MACD displays marginally negative values, indicating momentum has moderated without transitioning to bearish territory.

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[PRESS RELEASE – Zug, Switzerland, June 25th, 2026]

Anyone can now execute mass payouts across EVM chains and Tron from a single platform and can choose between multiple wallet screening providers.

Just three weeks after releasing major upgrades for crypto payment collection, the Request Network Foundation today announced another expansion of its stablecoin payment platform. The release introduces one-click mass payouts on both EVM and Tron, alongside built-in bridging and token swapping across EVM chains. The update also expands compliance capabilities through the integration of Merkle Science as an additional wallet screening provider.

Together, these capabilities reinforce Request Network’s vision of providing businesses with a simpler, more scalable, and more resilient way to operate stablecoin payments globally.

Users Can Now Disburse at Scale in One Click From a Single Wallet Without Bridging or Swapping

Stablecoins are already widely used to disburse salaries, commissions, affiliate rewards, bug bounties, supplier payments, and customer refunds or withdrawals across the world. While settlements are now faster and cheaper in stablecoins compared to fiat, the operational processes needed to send funds remain complex as recipients usually require payments on multiple chains and in multiple currencies. This has forced finance teams to initiate multiple transactions in separate currencies and from multiple wallets.

Request Network now abstracts away this fragmentation, allowing anyone to initiate mass payouts from a single wallet in a single currency to pay recipients across the top 6 EVM chains (Ethereum, Base, Arbitrum, Optimism, Polygon, and BNB Chain) in USDC and USDT.

Through a single signature, a mass payout can now be initiated even if the individual transactions need to be bridged and swapped to reach their recipient. Request Network protocol automatically retrieves and batches bridge and swap quotes in order to funnel every payment of a batch to its correct destination in just one approval.

To simplify the process further, Request Network also allows any recipient to set and update their payment preferences so payments are always routed to where they should go.

This represents one of the biggest breakthroughs in cross-chain and swapping abstraction, bringing payers and recipients closer than ever before, regardless of the blockchain or currency they trust.

Mass Payouts Now Available on Tron

Alongside EVM mass payouts, Request Network also announced the support of mass payouts on Tron, becoming the first protocol to combine both capabilities.

Thanks to this release, anyone can now send USDT to multiple recipients on Tron in a single transaction, unlocking large-scale payouts on one of the most used chains in Asia, Africa, Eastern Europe, and Latin America.

With this release, anyone can now manage all stablecoin payouts globally from the Request Network protocol.

More Choice for Wallet Screening

Alongside mass payouts, Request Network also announced a partnership with Merkle Science to offer additional wallet screening providers on the protocol.

As a reminder, Request Network offers built-in wallet screening to protect its users from high-risk wallet interactions. When enabled, this feature allows payments to be executed only if the payer or recipient satisfies the preset screening policies, helping businesses to avoid exposure to high-risk wallets which may lead to asset freezing or difficulties off-ramping to fiat.

By expanding its integration of Merkle Science, Request Network just became one of the safest ways to receive crypto onchain, while accommodating for recipients’ preferences.

Tristan Wallaert, CEO of the Request Network Foundation, said: “Stablecoins allowed money to move globally without the usual fiat constraints, but executing payments at scale remains a bottleneck and is forcing users to rely on payment service providers. Anyone should be able to pay by himself hundreds of payments across chains in just a single operation.High risk wallets exposure has tarnished the crypto reputation recently, if we want to provide the best protection to blockchain users they need to be able to use the best screening providers. Sending and receiving payments must become intuitive and safe if we want stablecoins to be a real alternative to fiat.”

Mriganka Pattnaik, CEO of Merkle Science, said: “As stablecoin payments become more global and cross-chain, compliance needs to become just as seamless as the payment experience itself. Our integration with Request Network helps businesses screen wallets with greater confidence, reduce exposure to high-risk activity, and scale onchain payments without compromising trust or operational efficiency”.

About Request Network

Since 2017, Request Network has developed, educated about, and promoted the use of open-source, decentralized and permissionless protocols that provide infrastructure for on-chain payments and related financial flows.

Request Network allows anyone to send and receive crypto at scale, across chains, without custodial intermediaries. The protocol is developed by a community-funded foundation whose mission is to make crypto payments accessible while protecting its participants.

To date, more than $2 billion has moved thanks to Request Network technology.

Press kit

About Merkle Science

Merkle Science provides blockchain analytics and crypto compliance solutions that help businesses detect, investigate, and prevent financial crime across digital assets. Its platform supports wallet screening, transaction monitoring, risk intelligence, and investigations, enabling crypto platforms, financial institutions, and payment providers to manage onchain risk and meet compliance requirements at scale.

The post Request Network Introduces One-Click Cross-Chain Mass Payouts and Expands Wallet Screening With Merkle Science appeared first on CryptoPotato.

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Decentralized Finance (DeFi) total value locked (TVL) has fallen every month of 2026. The TVL has dipped 39%, driven by a broad market correction and a run of protocol exploits.

Among the top 10, only two chains grew their TVL in 2026, bucking a downtrend that pulled down every other major network.

What Is Behind the TVL Slide

In its latest report, CryptoRank noted that DeFi TVL dropped from roughly $115 billion in January to about $70 billion. The decline mirrors a broader market reversal.

After hitting an all-time high in October, Bitcoin (BTC) has dropped by more than 50%, with other major assets also recording steep losses. 

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Meanwhile, most leading chains lost ground as capital exited. Ethereum (ETH), which leads the top-10 chains, saw a 43% drop, leaving its DeFi base at $38.91 billion. Arbitrum sank 55%, and Plasma collapsed nearly 75%.

Only two large networks held firm. TRON grew TVL by about 5%, supported by its role in Tether (USDT) settlement and stablecoin lending. Hyperliquid rose roughly 7% on perpetuals trading and its expanding HyperEVM ecosystem.

Crypto Hacks Add Pressure as Q2 Sets a Record

The report added that exploit frequency also affected user confidence. The second quarter produced 85 incidents and about $775 million in losses. 

That makes it the most active quarter in the dataset for exploits. Overall, in 2026, the space experienced 121 hacks resulting in $942 million in losses.

“High-profile incidents involving major protocols reinforced concerns around security and may have accelerated capital outflows from DeFi,” CryptoRank stated.

Two April attacks drove most of the damage. The Drift Protocol breach cost $295 million, and the KelpDAO exploit followed at $293 million. Together, they accounted for more than half of all 2026 losses.

The KelpDAO incident hit lending hardest. Aave’s TVL fell from $26.4 billion to $14.3 billion over a few days, a 46% drop in deposits.

Nonetheless, the report highlighted that the current downturn still looks milder than the previous cycle. DeFi TVL collapsed by more than 70% in seven months, following its late-2021 peak near $177 billion.

A wider spread of capital across stablecoins, real-world assets, and derivatives may have cushioned the sector against sharper falls.

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The post DeFi Total Value Locked Slides Every Month in 2026 to $70 Billion appeared first on BeInCrypto.

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The controversial cryptocurrency project has recently unveiled numerous ecosystem updates that, unfortunately for the Pioneers, have failed to trigger a decisive rebound in PI.

All eyes are now set on June 28, which could deliver some groundbreaking announcements that could finally result in a major price increase.

‘Stay Tuned’

Pi2Day (June 28) is a symbolic day for Pi Network’s community since it represents the mathematical constant 2π. For several weeks, Pioneers have debated whether the Core Team is preparing to roll out significant updates on that date, with some floating the idea of a potential Binance listing.

Recently, Pi Network added fuel to the rumors by describing Pi2Day as a milestone-driven event and highlighting that last year’s edition included Pi App Studio, Directory Staking, Node updates, and other releases.

“Stay tuned on June 28 for what’s to come,” it teased.

Shortly after, the team reminded that Pi2Day marks the final deadline for the Vibe Coder campaign. The initiative aims to bring AI-driven applications into the project’s real distribution network through Pi App Studio. June 28 is also the last day of the Pi Launchpad testing period, which features the new test token, SLICE.

“Both initiatives help contribute to the growth, development, and use of the Pi ecosystem and its utilities,” the Core Team stated.

As usual, the announcements were met with mixed feelings by the community. Some said they are excited about Pi2Day and look forward to the potential updates, while others stressed that the migration to mainnet and KYC procedures remain hurdles that need to be addressed as a priority.

PI Price Outlook

The token remains under heavy pressure, falling alongside the reset of the crypto market. Currently, PI is worth around $0.127 (per CoinGecko), which is quite close to the all-time low witnessed at the start of June and represents a staggering 96% decline since the historic peak of $3 witnesses in February 2025.

Earlier this week, some analysts spotted the formation of a classic “head and shoulders pattern” on PI’s price chart, which could be a precursor of a further pullback.

The rising amount of coins stored on crypto exchanges is another issue. The figure has risen to almost 560 million, signaling that many investors have moved their holdings from self-custody toward centralized platforms, thereby increasing immediate selling pressure.

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