Bitcoin on-chain transaction volume hits 18-month low, Runes and Ordinals craze fades
PANews reported on June 20 that according to The Block, Bitcoin on-chain transaction activity has fallen to its lowest level in a year and a half, with the 7-day moving average transaction volume falling to 316,000 last week. It has now recovered slightly to about 350,000, far below the 700,000 peak in mid-2024. The speculative craze for Bitcoin native protocols such as Runes and Ordinals has subsided, and traders are turning their attention to other blockchain ecosystems. Since the beginning of the year, Bitcoin transaction fees have remained below $1.50, indicating that there is little competition for block space and a return to traditional transfer purposes. Some users tried to initiate transactions at a fee of less than 1 sat/vB, and the mining pool MARA launched the "Slipstream" channel to process ultra-low-fee transactions, sparking controversy among Bitcoin developers about network standards and anti-censorship.
PANews reported on June 20 that two Israeli security sources revealed to Iran International Television that Israel hopes that the United States can use its superior firepower to destroy Iran's Fordow underground nuclear facility, but if military results and public opinion allow, Israel may act alone in the next few days. The above sources still believe that joint action with the United States is the most likely option, which is expected to be implemented within 48 to 72 hours at the latest. The source added that the attack could begin as early as Friday evening, but Israel is also weighing acting alone to avoid losing the military advantage gained this week. An anonymous Israeli intelligence source said: "This is the only way to force Iran to make concessions that it would not otherwise make and bring it back to the negotiating table - we need the United States to take action."
PANews reported on June 20 that according to Decrypt, the Bitcoin sidechain project Plasma, which focuses on stablecoins, plans to mainnet in late summer 2025, with the main theme of "stablecoin chain first". Its XPL token public pre-sale will start at least 40 days in advance, and has raised $1 billion in deposits. Plasma emphasizes that it will optimize the stablecoin transfer experience, including gas-free transactions, and has attracted support from PayPal co-founder Peter Thiel and others. The chain is EVM-compatible and will focus on stablecoin payments, not involving ecosystems such as meme coins or RWA.
Insider: Revolut is actively exploring issuing its own stablecoin
PANews reported on June 20 that according to Decrypt, London's new bank Revolut is actively exploring the issuance of its own stablecoin. People familiar with the matter revealed that Revolut has started cooperation negotiations with at least one crypto-native company. In recent years, with the changes in the regulatory environment in the United States and the world, more and more non-crypto companies have begun to consider issuing stablecoins. Revolut currently has more than 55 million retail customers and 500,000 corporate customers in 160 countries around the world.
PANews reported on June 20 that TikTok posted on the social platform that the claim that TikTok's owner is buying "Trump Coin" is pure fabrication and extremely irresponsible.
PANews reported on June 20 that according to PR Newswire, Semler Scientific, a US listed company, announced the appointment of Joe Burnett as director of Bitcoin strategy and set a three-year Bitcoin reserve target: at least 10,000 Bitcoins by the end of 2025, increasing to 42,000 by the end of 2026, and reaching 105,000 by the end of 2027. The company will promote Bitcoin accumulation through equity, debt financing and operating cash flow. Chairman Eric Semler said that Burnett's joining will help the company's long-term Bitcoin strategic goals. Since adopting Bitcoin as the main reserve asset in 2024, the company has achieved a Bitcoin yield of approximately 287% and a book profit of US$177 million.
White House: Trump will decide within two weeks whether to take military action against Iran
PANews June 20, according to Jinshi, White House Press Secretary Levitt responded to speculation about whether the United States will directly intervene in the situation in the Middle East. She said that based on the high possibility of negotiations with Iran in the near future, President Trump will decide whether to take military action against Iran in the next two weeks. The White House said that Trump hopes to resolve the Iranian issue peacefully, but is not afraid to use force. Trump's postponement of the decision to strike Iran has eased concerns about escalation. CNN's reporter in Tel Aviv said that it is safe to say that Israel will be disappointed with this (two-week) decision. Trump has frequently used the "two-week" deadline in the five months since he took office and has been criticized as "weak and stupid." U.S. government insiders said that Trump is cautious about bombing Iran, partly because he is worried that Iran may become a "second Libya" if Khamenei falls.
According to the New York Post, Telegram founder Pavel Durov revealed that he has made a will and plans to distribute his $17.1 billion fortune to six biological children and 100 children born through sperm donation. Durov said that all children will have equal inheritance rights, but the funds will not be available until 30 years later.
According to Coinglass data, the cryptocurrency market had a total of $125 million in liquidation in the past 24 hours, including $52.6457 million in long orders and $72.7043 million in short orders. The total amount of BTC liquidation was $25.0935 million, and the total amount of ETH liquidation was $38.5412 million.
South Korea’s Financial Services Commission is developing a roadmap to launch a Bitcoin spot ETF
According to Bitcoin News, citing Pioneer Economics, South Korea's Financial Services Commission is developing a roadmap for launching a Bitcoin spot ETF.
Trump refutes Wall Street Journal report that US military plan to strike Iran has been approved
According to Sina Finance, citing Sky News, US President Trump refuted the Wall Street Journal's report that "Trump approved a plan to attack Iran, but suspended its execution." Sky News reported that the Wall Street Journal cited people familiar with the matter as saying that Trump had approved a military strike against Iran to senior advisers, but had not yet issued a final order for action. Trump told his assistants that he would observe whether Tehran would first abandon its nuclear program. In response to the Wall Street Journal's statement, Trump posted on social media on the 19th, saying, "The Wall Street Journal has no idea what I think about Iran."
Visa expands stablecoin business in Europe, Middle East and Africa
According to CoinDesk, payment giant Visa announced the expansion of its stablecoin service capabilities in Central and Eastern Europe, the Middle East and Africa (CEMEA) and reached a strategic cooperation with African cryptocurrency exchange Yellow Card. Godfrey Sullivan, senior vice president of Visa CEMEA product solutions, said: "All money flow institutions will need to develop a stablecoin strategy in 2025." This cooperation will explore cross-border payment solutions and optimize fund management and liquidity.
According to a report by Sina Finance citing British Sky News, Iran's Supreme Leader Khamenei posted on the social platform X on the 19th that the US intervention in Middle East affairs exposed Israel's "weakness and incompetence."
Trump: Fed Chairman Powell should cut interest rates by 250 basis points
According to Jinshi, US President Trump said that Federal Reserve Chairman Powell should cut interest rates by 250 basis points.
Fireblocks report: 49% of surveyed institutions worldwide have used stablecoins for payments
Fireblocks, a digital asset infrastructure provider, released the "2025 Stablecoin Status" report, which stated that 49% of institutions around the world have used stablecoins for payments, and 41% are piloting or planning to use stablecoins. The findings are based on an online survey conducted by an external research company in March 2025. Most of the 295 respondents (61%) were corporate executives, and the rest were strategic, innovation or product managers, or experts in payment, finance, compliance or legal departments. They work for traditional banks, cryptocurrency service providers, challenger banks or non-bank payment service providers, including merchant account providers and payment gateways.
According to Bitcoin Magazine Pro, listed companies have more than 768,500 bitcoins in their treasury reserves, valued at over $82 billion.
According to Cointelegraph, the Cybernews research team revealed that 16 billion login credentials of online service providers including Apple, Google, and Facebook were leaked, of which the largest number of records in a single database alone reached 3.5 billion. Researchers found that this data was mainly exposed through unencrypted Elasticsearch or object storage instances, and the leaked data included access tokens, session cookies, and account metadata stolen by information-stealing malware. This incident poses a serious threat to the cryptocurrency industry: attackers may use leaked credentials to launch targeted account takeovers, especially for platforms that host wallets or associated mailboxes. The fact that some wallets allow seed phrase to be backed up to cloud services further amplifies the risk. Security experts recommend that users update their passwords immediately, enable two-factor authentication, and avoid storing recovery phrases in non-secure digital environments. The identity of the original data holder has not yet been determined, but researchers have confirmed that some databases may belong to cybercrime organizations.
Telegram founder Pavel Durov gets relief from French judicial surveillance
According to Le Monde, Telegram co-founder Pavel Durov has been approved by the Paris Court of Appeal to leave mainland France on a limited basis from July 10. The billionaire, who is accused of more than a dozen crimes, is now allowed to travel to Dubai (where his family lives and Telegram's office is located) for 14 consecutive days each year, but he must notify the pre-trial judge in advance and maintain other judicial control measures. Durov has been restricted from leaving the country since August 2024 due to the lack of platform content review and his refusal to cooperate with the French judicial investigation. He is required to pay a deposit of 5 million euros and report to the authorities regularly. His legal team applied for the complete lifting of judicial control on June 3, saying that the existing charges were "without basis." The court's decision to partially relax restrictions this time marks a turning point in the legal tug-of-war that has lasted for ten months.
Crypto VC Hypersphere investment partners lost "years of savings" in fake Zoom meeting
According to Cointelegraph, Mehdi Farooq, an investment partner of crypto venture capital Hypersphere, disclosed on the X platform that he suffered a phishing attack impersonating a Zoom meeting, which emptied six crypto wallets and caused him to lose years of savings. The attack began with an interview with his acquaintance "Alex Lin" through Telegram. The other party asked him to switch to the Zoom Business version on the grounds of compliance and induced him to download a malicious update program. Farooq said that during the attack, the hacker still pretended to chat normally through Telegram, and even joked "see you in Singapore". It was later confirmed that the real account had been stolen, and the attack may be related to the North Korean hacker group "dangrouspassword".
Alchemy Pay will launch Alchemy Chain in Q4 and plans to issue its own stablecoin
According to official news, Alchemy Pay, a fiat-to-cryptocurrency payment gateway, announced that it will launch Alchemy Chain, a blockchain designed for stablecoin payments, in the fourth quarter of 2025. Shortly after the chain goes online, the platform will launch its own stablecoin. Alchemy Chain aims to facilitate seamless conversions between international stablecoins (such as USDT and USDC) and regional stablecoins (such as EURC and MBRL), while bringing together liquidity across different blockchains and regulatory environments.
Trump's company quietly reduces its stake in crypto project WLFI
According to Forbes, the equity structure of World Liberty Financial, a crypto project under the Trump family, has recently changed. By analyzing the information disclosed on the website, it was found that the shareholding ratio of DT Marks DEFI LLC controlled by Trump has dropped from 60% to 40% in the past 11 days. This change has not been publicly publicized, which is another sign that Trump himself or those acting on his behalf are still secretly conducting behind-the-scenes transactions during his tenure.
According to CoinDesk, Japanese clothing chain Mac House has completed fundraising by allocating new share reservation rights to third parties, with a total of 2.391 billion yen (about 16.42 million U.S. dollars), exceeding the original plan of 1.476 billion yen (about 10.13 million U.S. dollars). The company said that the funds raised exceeded expectations because the average exercise price of the new share reservation rights was higher than expected. Among them, up to 1.715 billion yen (about 11.77 million U.S. dollars) will be used to purchase crypto assets such as Bitcoin, a significant increase from the previously planned 800 million yen. Previously, Mac House announced the launch of a new "financial, investment, and M&A business" strategy on June 12, and revealed that it would invest in crypto assets. In order to officially promote investment, the company announced organizational changes on the same day, setting up a new "Digital Asset Operation Group" in the management headquarters to be responsible for crypto assets and stock investment and risk management.
According to a report by the Financial Times, Musk's X will be built into a "super application" that will include functions such as investment and trading; X is also exploring the introduction of credit or debit cards.
The People's Court Daily recently published an article titled "Disposal of Virtual Currency Involved in Criminal Cases: Challenges, Innovations and Judicial Responsibilities". The article pointed out that virtual currency has corresponding property attributes, and a consensus has basically been reached in judicial practice. At present, some courts have also explored the disposal procedures for virtual currency involved in cases. For example, Shenzhen Futian District has established a judicial cross-departmental co-management platform for property involved in cases, adopting a new management model of property involved in cases with "property static and information flowing" to achieve "separation of management and administration". In addition, it is also possible to explore the creation of a judicial-specific wallet. After the private key is encrypted in sections, it will be kept in sections by the case-handling agency and the custodian agency to ensure the safety of the seizure and custody of virtual currency. For those that need to compensate the victim for losses or confiscate the virtual currency, in order to balance the demand for handling the virtual currency involved in the case with the mainland's regulatory policies, it is possible to explore entrusting a qualified third-party institution under the registration and supervision of the People's Bank of China, the Foreign Exchange Administration and other departments, and in jurisdictions where virtual currency transactions are legal overseas, such as Hong Kong, through a compliant licensed trading platform, to convert the virtual currency into legal currency at market prices. After cashing out overseas, refer to the provisions of the State Administration of Foreign Exchange's "Letter on the People's Court Opening Foreign Exchange Accounts and Handling Foreign Exchange Receipts and Payments in Foreign-Related Judicial Activities". Virtual currencies that are used for crimes and endanger national security and public interests, such as privacy coins, can be sent to "black hole addresses" and destroyed and permanently withdrawn from circulation.
Musk posted a picture of an expression similar to the PEPE frog on the X platform
Tesla CEO Musk posted a picture of an emoticon similar to the PEPE frog on the X platform about 20 minutes ago.
XRP Ledger to Launch XAO DAO to Adopt Decentralized Governance
As Cointelegraph reported, XRP Ledger will adopt decentralized governance through the upcoming XAO DAO, its first community-led organization designed to use XRP tokens to drive proposals, funding, and on-chain decision-making.
Iran imposes curfew on crypto exchage to prevent capital outflows
According to Bitcoin News, Iran has imposed a curfew on cryptocurrency exchanges after the Nobitex exchange was hacked to prevent capital outflows and strengthen control over digital asset transactions. Exchanges can only operate between 10 a.m. and 8 p.m. local time each day.
Binance Futures will launch NEWTUSDT USDT perpetual contract pre-market trading
According to the official announcement, Binance Futures will launch pre-market trading of NEWTUSDT perpetual contracts at 22:30 (ET8) on June 19, 2025, with a maximum leverage of 5 times.
Ford Motor Company to Serve as Advisor to Cardano’s Decentralized Cloud Service Lagon
According to Cointrust, Ford Motor Company announced that it will serve as an advisor to Lagon, a decentralized cloud service based on the Cardano blockchain. The cooperation marks another move by the automotive giant into the blockchain field. This time, Ford will work with legal technology company CloudCourt to carry out a proof of concept (PoC) project, focusing on the digitization and security of legal data. The program aims to solve a long-standing problem faced by large enterprises: managing and protecting sensitive legal documents, such as court records, testimonies, and compliance reports. The project combines the Cardano blockchain with AI technology to provide an unalterable audit trail for legal documents under a zero-trust architecture. Ford will evaluate the actual performance of this solution compared to traditional data management systems based on its complex legal experience with Fortune 500 companies.
Blockchain startup Units.Network completes $10 million financing, led by Nimbus Capital
According to Techinasia, blockchain startup Units.Network has completed a $10 million financing, led by Nimbus Capital, and other investors have not been disclosed. The project is based on the Waves protocol, and the funds will be used for infrastructure upgrades and AI product development. Newly developed products include AI Launchpad and AI Liquidity Manager, which are planned to be launched this year. The former aims to lower the threshold for developers, while the latter focuses on optimizing on-chain market liquidity. The project recently launched a performance funding plan through the community DAO to incentivize application development. Part of the funds will also be used to expand the capacity of verification nodes and improve cross-chain liquidity.
Binance Wallet Exclusive TGE 26th will launch League of Traders (LOT)
According to the official announcement, the 26th Binance Wallet exclusive TGE will launch League of Traders (LOT). Subscription time: 4:00 pm to 6:00 pm (UTC+8) on June 20, 2025; Subscription qualifications: Eligible users must use Binance Alpha Points to participate. An additional 40,000,000 LOT will be used for future activities, and specific details will be announced separately.
Analysis: Crypto market enters seasonal downturn, BTC short-term implied volatility falls below 40%
QCP Capital, a crypto investment institution in Singapore, said in a statement that the Federal Reserve kept its benchmark interest rate unchanged, but maintained a hawkish stance, emphasizing that recent inflation expectations are still high and tariffs are the main upside risk. Officials reiterated that they will take a wait-and-see approach and wait for the inflation path to become clearer. Although there is a view that the weak labor market will prompt a policy shift, the US economy remains strong at present, with solid employment and consumption data. The crude oil market reacted flatly to geopolitical news. Despite the continued tension between the United States and Iran, oil prices remained in a narrow range and implied volatility fell from high levels. The Trump administration has an incentive to push for a deal with Iran before the election to avoid higher oil prices pushing up inflation and interest rates. Global trade tensions have intensified, and the United States has only reached an agreement with one of 195 potential trading partners before the end of the EU tariff suspension on July 9. Key time points include: the EU may impose retaliatory tariffs on the United States on July 14, the end of the China-US tariff suspension on August 12, and the expiration of the tariff exemption for Chinese goods on August 31. These events may trigger market volatility, but the China-US trade negotiations are still expected to reach a stable result. The cryptocurrency market has entered a seasonal downturn, with BTC's short-term implied volatility falling below 40%, and put option premiums reflecting cautious market sentiment. Month-end option expiration, rebalancing fund flows, and systematic deleveraging have dominated recent price movements.
Binance will list Matchain (MAT), and Alpha airdrop will be distributed in two phases
According to the official announcement, Binance will list Matchain (MAT), and trading will start at 19:59 (UTC+8) on June 19, 2025. Eligible Binance users can use Binance Alpha Points to claim 16 MAT tokens on the Alpha event page within 24 hours after trading starts. Binance Alpha airdrops will be distributed in two phases: Phase 1 (first 18 hours): Users with at least 243 Alpha points can claim. Phase 2 (last 6 hours): Users with scores above 210 can participate in the second phase of airdrops, first come first served, 16 tokens per person, until the airdrop pool is full or the event ends. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise they will be deemed to have given up the airdrop.
According to CryptoSlate, Fidelity Digital Assets research shows that the growth rate of the "ancient supply" of Bitcoin that has not moved for more than ten years has exceeded the daily new output. Since April 2024, an average of 566 BTC per day have joined the ten-year holding queue, exceeding the 450 new supply of miners per day. Coins held for more than ten years account for 17% of the total circulation (about 3.4 million, worth $360 billion), of which 33% are held by Satoshi Nakamoto, and another part of the Bitcoin may be lost forever. After the 2024 US election, the ten-year holdings decreased on 10% of trading days, reflecting that market fluctuations affect the behavior of long-term holders. Currently, 27 listed companies hold more than 800,000 BTC. Fidelity predicts that if companies with 1,000 BTC or more continue to hold Bitcoin on their balance sheets, the supply of "ancient" Bitcoin will exceed 30% of the circulation by 2035.
