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Bitcoin bulls 'in control' as BTC price spikes to $108K

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German regulator closes case against Ethena GmbH over USDe issuance

Ethena Labs announced on Wednesday that the German Federal Financial Supervisory Authority, BaFin, and Ethena GmbH, the company’s German arm, have agreed on a redemption plan for USDe stablecoin holders
The regulator said that it had initiated a 42-day redemption process for stablecoin holders. Ba
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Crypto in a time of crisis: Can decentralized fintech hold the line?

As geopolitical tensions rise in the Middle East and global markets brace for volatility, Byte-Sized Insight’s latest episode explores how crypto reacts under pressure and whether it can provide more than just price movement.
Moving markets
In the first half of the episode, host Savannah Fortis s
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Bitcoin hashrate down ~15% since June 15, steepest drop in 3 years

Bitcoin’s hashrate saw its most dramatic fall of the last three years between June 15 and 24, according to Blockchain.com data.
Bitcoin’s hashrate decreased from nearly 943.6 billion terahashes per second (TH/s) on June 15 to 799.9 TH/s on June 24 — a decline of more than 15% and a level not seen s
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Bitcoin price analysis now sees up to $111K liquidity grab next

Key points:
Bitcoin order book liquidity is increasing as BTC price consolidates its recent relief bounce.
Market participants see a liquidity grab taking BTC/USD as high as $111,000 next.
The monthly close is already in focus as Bitcoin ekes out modest gains for June.
Bitcoin (BTC) traders
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BIS says stablecoins fail as money, calls for strict limits on their role

A new report from the Bank for International Settlements (BIS) challenges the notion that stablecoins can serve as real money in a modern financial system.
According to the BIS Annual Economic Report 2025, stablecoins fail the fundamental tests of “singleness,” “elasticity” and “integrity”— three c
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XRP price ‘breakout is coming’ between July and September: Analyst

Key takeaways:
XRP is stuck within a narrowing range over the last three months.
Analyst says XRP price consolidation could end as soon as next month.
XRP/USD price must establish $2.40 as new support to resume the uptrend.
XRP price has been stuck within the $2.00 and $2.40 range over the last
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Fuzzland says ex-employee was behind $2M Bedrock UniBTC exploit

Smart contract analytics platform Fuzzland has disclosed that a former employee was responsible for a $2 million exploit that targeted Bedrock’s UniBTC protocol in September 2024
In a new transparency report, Fuzzland revealed that the insider used social engineering tactics, supply chain
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Bitcoin ETFs log biggest June inflows at $588M, extend 11-day streak

US spot Bitcoin exchange‑traded funds (ETFs) recorded their largest single-day inflow for June on Tuesday with $588.6 million. The surge extends the streak to 11 consecutive days of net positive flows, marking the longest run of consistent inflows since December 2024.
According to data from
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Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings, scripted lies

A newly unsealed complaint from bankrupt crypto lender Genesis reveals internal communications at its parent company, Digital Currency Group (DCG), suggested executives were aware of financial mismanagement and looming legal risks tied to their control over Genesis.
According to the Delaware
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Everyone laughed at these 10 gadgets. Now, they’re in every home

Before they were in every home, some of the most essential gadgets of today were technological punchlines, too weird, too early, too expensive or just plain bad
In the ’90s and early 2000s, inventors and engineers dreamed big, but consumer tech often struggled to deliver on its promise
Whether i
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SharpLink Gaming stock rallies 7% after $30M Ethereum buy

Shares in the sports betting company SharpLink Gaming closed Tuesday trading at a 7% gain after the firm boosted its Ether holdings by another $30 million.
SharpLink said on Tuesday that it purchased 12,207 Ether (ETH) at an average price of $2,513 each during the week ended Friday, June 20 and
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Anthony Pompliano’s crypto venture buys $386M in Bitcoin

Crypto entrepreneur Anthony Pompliano’s firm ProCap made its first Bitcoin purchase just days after revealing that it plans to go public later this year
The Bitcoin financial services firm, ProCap BTC, said on Tuesday that it purchased 3,724 Bitcoin (BTC) for $386 million. The investment is now
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Norway deep-sea mining firm plans $1.2B Bitcoin buy

Norwegian deep-sea mining firm Green Minerals AS says it plans to create a Bitcoin treasury and is aiming to raise $1.2 billion to buy and hold Bitcoin long-term.
Green Minerals said on Monday that the plan is part of a wider blockchain strategy that aims to diversify the company’s investments
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Polymarket set for $200M raise at $1B valuation: Reports

Blockchain prediction market platform Polymarket is finalizing a $200 million funding round that would value the company at approximately $1 billion, according to reports.
Billionaire entrepreneur Peter Thiel’s Founders Fund is set to lead Polymarket’s funding round, Reuters and Bloomberg
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