June was generally a rather exhausting period for crypto assets. While the leading cryptocurrency Bitcoin has lost more than 18% in value since the beginning of the month, weakening institutional fund inflows accelerated the bleeding in the market. Spot ETF Outflows: In June, total net outflows from spot Bitcoin ETFs reached $4.6 billion, and institutional interest temporarily weakened. Ethereum Under Pressure: The leading altcoin Ethereum continues to be pressured around the $1,560 level without fully keeping pace with Bitcoin’s recovery efforts.
Cardano Investors Beware, A Security Crisis in a Popular Wallet: Worries of $20 Million…
Cardano-based wallet provider SecondFi said that due to a security flaw in its software, approximately $2.4 million worth of ADA was stolen from 374 user wallets. Popular Cardano wallet SecondFi, formerly known as Yoroi, announced that it patched a major security breach that occurred on the platform. In three separate waves of attacks, approximately 16 million ADA was stolen, while the team said the issue was caused by a bug in the wallet-creation software. Since the vulnerability was directly at the address level, even moving users’ recovery phrases to another wallet did not provide full protection.
List of Management Altcoins That Developers Are Most Focused On!
Analysis firm Santiment has ranked governance-themed crypto projects based on GitHub development activities over the past 30 days. According to the data shared, Radworks topped the list, while the Ethereum and Arbitrum versions of Curve Finance shared the second spot.
According to Santiment’s data, Radworks (RAD) emerged as the clear leader in the governance category with 53 developer activities. The CRV projects of Curve Finance on the Ethereum and Arbitrum networks secured the second place with a score of 19.37 activities. Reserve Protocol (RSR) landed in third place with a score of 5.53 activities.
According to the list shared by Santiment, the developer activities in governance-themed altcoins over the last 30 days are as follows:
Radworks (RAD) – 53 Curve Finance / Ethereum (CRV) – 19.37 Curve Finance / Arbitrum (CRV) – 19.37 Reserve Protocol (RSR) – 5.53 API3 (API3) – 3.97 Terra Classic (LUNC) Alchemix (ALCX) Frax Share (FRAX) Ampleforth Governance Token (FORTH) It’s noticeable that Reserve Protocol, Ampleforth Governance Token, and UniLend have climbed in the rankings, while API3 has slipped.
Bitcoin has entered a new era where institutional adoption and macro factors, rather than just the halving event, drive market dynamics. While the 2024 halving aligned with a 2025 peak, the influx of ETF, corporate, and macro-driven demand has fundamentally altered the predictable, retail-driven cycles of the past. To succeed in the 2028 cycle, investors must move beyond relying on old, hype-driven models and focus on tracking institutional flows and global liquidity. For a deeper analysis of Bitcoin's maturation, read the full, detailed market outlook in the text above.
The US and Iran are about to strike a deal! The 14 points of the agreement have been revealed one by one:
14 POINTS REVEALED ONE BY ONE
Here are the 14 points of the agreement:
1- An immediate and permanent ceasefire on all fronts, including Lebanon.
2- The United States' commitment to refrain from interfering in Iran's internal affairs and respect for the sovereignty of the Islamic Republic of Iran.
3- The complete lifting of the maritime blockade within 30 days.
4- A commitment from America to withdraw its forces surrounding Iran.
5- The reopening of the Strait of Hormuz within 30 days through arrangements with Iran.
6- The suspension of sanctions on the sale of oil, petrochemical products, and derivatives, ensuring Iran's full access to financial resources.
7- The necessity for the United States and its allies to present reconstruction plans valued at least $300 billion for Iran.
8- Reaching a final agreement based on nuclear issues, with negotiations lasting 8-60 days to fully lift the US's primary and secondary sanctions, as well as the decisions of the UN Security Council and the International Atomic Energy Agency Board.
9- Iran reiterating its commitment not to produce nuclear weapons under the NPT.
10- During negotiations, the United States has committed not to increase its military presence in the region or impose new sanctions.
11- Within the 60-day timeframe for final negotiations, the $24 billion in blocked funds by Iran must be released. Half of this amount should be provided to Iran before negotiations begin.
12- Establishing a mechanism to monitor the implementation of the agreement.
13- The final agreement will be approved by a UN Security Council resolution.
14- Final negotiations will commence on the condition of releasing half of Iran's frozen funds, suspending oil sanctions against Iran, and lifting the maritime blockade.
According to ZachXBT, 72 million USDT in an address linked to a wallet containing 120 million USDT was frozen by Tether.
Allegedly, some of the funds were transferred to exchanges, while large Monero (XMR) purchases also contributed to the price increase from $330 to $420.
Farewell in the Bitcoin Ecosystem: Altcoin Closes Shop
Botanix, a layer-2 project aiming to provide decentralized finance (DeFi) solutions on the Bitcoin (BTC) network, has decided to halt operations due to user disinterest and market conditions.
Efforts to expand the Bitcoin ecosystem have taken a major hit in the crypto world. Approximately a year after launching its mainnet, Botanix announced it would be shutting down due to a lack of expected interest. In their statement, the project team pointed out the general disinterest in creating more functionality on Bitcoin and the negative market conditions, stating, "This just hasn't worked out in this market and at this time."
Botanix aimed to bring smart contract and application features from the Ethereum network to the Bitcoin network. The goal was to enable Bitcoin holders to earn income through DeFi tools rather than just holding their assets. However, despite raising a total of $14.4 million in investments in 2023 and 2024, the project's total value locked (TVL) was only $119,500 at the time of closure.
Bitcoin's price has dropped more than 50% since its peak of $125,000 last October, which has also decreased investor interest in new technologies. The Botanix team noted that Bitcoin's status as a reserve asset might be sufficient for users, eliminating the need for the technology they built.
It was emphasized that users preferred synthetic assets like wrapped Bitcoin (wBTC) over complex layer-2 solutions for Bitcoin-based DeFi transactions. It was expressed that conducting transactions on mature networks like Ethereum is more acceptable for users. Just like a shop hanging up a "Closed" sign, Botanix officially announced the end of this challenging journey by shutting down operations.
Over $32 million in assets were stolen from wallets linked to the Humanity Protocol, causing the project's native cryptocurrency, H token, to lose 89% of its value.
The crypto world has been shaken by a new security breach; the decentralized identity verification project, Humanity Protocol, became the target of a major attack. According to data shared by on-chain analyst Specter, 17 different wallets interacting with the protocol were drained. Initially estimated at $5 million in losses, detailed investigations revealed the figure exceeded $32 million.
A significant portion of the funds seized by the attackers was quickly laundered. Analysis reports indicate that $23.7 million of the stolen amount was converted into Ethereum. The remaining approximately $7.9 million is still held in wallets under the control of the attackers as H tokens. The breach of the security chain dealt a heavy blow to the project's ecosystem.
The project's founder, Terence Kwok, confirmed the security breach through social media. Kwok stated that the attack occurred due to the theft of a private key belonging to a member within the Humanity Foundation, which granted access to the wallets. The founder emphasized their collaboration with security experts and exchanges, apologizing to the community and expressing that they are closely monitoring the situation.
These negative developments have directly impacted the price of the project's native asset, H token. With the security wall breached, investor confidence took a hit, leading to a 89% crash in the token price over the last 24 hours. The project, which aims to authenticate identities without disclosing personal data using advanced technologies like biometric data and zero-knowledge proofs, has entered a challenging phase following this significant financial loss.