Crypto market today news

Market Dynamics

A certain trading platform's stock price surged, with a pre-market increase of nearly 13%, reporting at $225.78. Previously, the platform's stock price broke through $200, closing up 34.25%.

Bitcoin on-chain transaction activity has fallen to its lowest level in 18 months. The 7-day moving average transaction volume dropped to 316,000 last week and has currently slightly rebounded to around 350,000, far below the peak of 700,000 in mid-2024. The speculative frenzy surrounding the native Bitcoin protocol has subsided, and trader interest has shifted to other blockchain ecosystems. Since the beginning of the year, Bitcoin transaction fees have consistently remained below $1.50, indicating very little competition for block space.

The founder of a certain payment and financial platform stated that now is the time to short a certain stablecoin issuance company.

It has been reported that a new bank in London is actively exploring the issuance of its own stablecoin and has engaged in cooperative discussions with at least one crypto-native company. The bank currently has over 55 million retail customers and 500,000 corporate clients across 160 countries worldwide.

Project Updates

Dawn Wallet announces its integration into the core development team of Worldcoin and will gradually shut down over the coming weeks. The founders will join the new team, focusing on promoting advanced financial capabilities within the World App.

Kroma announced that its L2 network will officially close on June 26, 2025, and token holders need to migrate their tokens to the Ethereum mainnet before this date. After the migration is completed, the tokens will continue to serve as the main token for the upcoming Kroma Protocol.

Avail (AVAIL) has officially launched the Alpha project on a certain trading platform. Eligible users can claim 2667 AVAIL airdrop rewards within 24 hours after the trading starts. The activity is divided into two phases, with different requirements for user points.

The Multi-VM All-Chain Basic Network Mango Network is about to launch its token generation event and airdrop, allocating 5% of the total supply, with all tokens unlocked at once. The airdrop is aimed at participants of the testnet and active contributors to the community.

Pipe Network will launch its token sale on June 27, lasting until July 4. A total of 30 million tokens will be sold, accounting for 3% of the total supply. This project is built on Solana and focuses on a decentralized content distribution network.

The Bitcoin sidechain project Plasma, focusing on stablecoins, is scheduled to launch its mainnet in late summer 2025, aiming to be the "first stablecoin chain". The project emphasizes optimizing the stablecoin transfer experience, including gas-free transactions, and has attracted support from well-known investors.

Investment and Financing

The DePIN project SparkChain AI has completed a $10.8 million financing round, led by OakStone Ventures. The new funds will be used to support the expansion of its decentralized AI computing power network and accelerate its launch on the Solana blockchain.

Project Eleven, a company focused on the development of post-quantum cryptography, has completed a $6 million funding round led by Variant Fund and Quantonation. The funds will be used to develop tools that protect against quantum computing attacks, ensuring the security of digital assets such as Bitcoin.

Helium Ventures successfully completed an oversubscribed placement of approximately £4 million, planning to hold the treasury reserves and remaining cash in Bitcoin.

K33 completed a directed share issue financing of 125 million Swedish Krona (approximately 11.5 million USD), and all the funds raised will be used to purchase Bitcoin as company assets. The company plans to rapidly accumulate 1,000 BTC.

Semler Scientific, a publicly traded company in the United States, appointed a Bitcoin Strategy Director to establish Bitcoin reserve goals for the next three years: to hold at least 10,000 bitcoins by the end of 2025, increase to 42,000 by the end of 2026, and reach 105,000 by the end of 2027.

Perspectives and Analysis

According to a certain report, Bitcoin ETFs have attracted over $45 billion in inflows, with an average monthly inflow of $2.6 billion, driven by strong demand from institutions and enterprises. However, the Bitcoin price remains stagnant at around $105,000, and the number of new wallet addresses is also stabilizing. The report indicates that market supply is being absorbed by a few wealthy investors, with limited inflows from retail investors, and whale accounts and institutional funds dominating the market.

A wealthy individual in Mexico stated that he has significantly increased his holdings in Bitcoin again, with approximately 70% of his investment portfolio consisting of BTC. He views the current price pullback as a "buying opportunity" and emphasizes that Bitcoin is a long-term asset against inflation and the devaluation of fiat currency.

A certain digital technology company issued a statement clarifying that it has only had preliminary discussions with Hainan Huatie regarding RWA and has not reached any formal cooperation. The company also reminded investors to carefully discern market rumors and pay attention to investment risks.