News & Research

Jack Yi, founder of LD Capital, said on X that he sold a portion of his Ethereum (ETH) holdings due to increasing macroeconomic uncertainty. He noted that ETH had risen more than 50% in a short period and reached his target, adding that he plans to pause trading before seeking new opportunities. Yi emphasized that he remains bullish on the long-term outlook for the crypto market. LD Capital affiliate Trend Research recently deposited 22,289 ETH ($68.55 million), to Binance Exchange.

Hyperion (RION), a decentralized map platform built on Aptos (APT), has unveiled the tokenomics of its native token RION via a post on X. The token distribution includes 30% for liquidity incentives, 22.9% for the protocol treasury, 20% for the team and advisors, 9% for public distribution, 8.1% for investors, 5% for airdrops and 5% for community incentives. Meanwhile, the image in the post showing the distribution has since been removed.

Blockchain analytics firm Elliptic, as reported by Cointelegraph, revealed that illicit crypto laundering via crosschain swaps has soared 211% over the past two years, reaching $21.8 billion in 2025. Originally favored by advanced decentralized finance (DeFi) users, tools like bridges, decentralized exchanges (DEXs) and coin swappers have become central to hiding funds across blockchains. Elliptic highlighted that both North Korean hackers and small-time criminals are increasingly using multi-hop and structured chain-hopping methods to evade detection. Today, nearly one-third of blockchain investigations involve tracking funds across three or more networks. While the threat is growing, Elliptic noted that security firms are developing tools to monitor crosschain flows and fight back.

Bitcoin (BTC) layer-2 network Bitlayer has launched its BitVM Bridge on the mainnet, enabling BTC to be used in decentralized finance (DeFi) through a trust-minimized framework, CoinDesk reported. The bridge secures users’ BTC by locking it in a BitVM smart contract, which operates under the assumption that at least one honest participant will expose any fraudulent activity.

The crypto market has yet to enter an overheating phase, according to CryptoQuant on X, citing crypto analyst Crypto Dan. The UTXO Age Bands are now lower than they were in March and December of last year, suggesting that "the market still hasn’t reached an overheated state.” UTXO Age Bands is a set of all active supplies that were last moved within a specified age band. This indicator summarizes the behavior of long-term and short-term holders along with the price action.

Ethereum (ETH) has gained on optimism over the potential passage of the U.S. stablecoin regulatory bill, the GENIUS Act, according to 10x Research analyst Markus Thielen in an interview with CoinDesk. Thielen said the bill could further strengthen ETH’s position in the digital asset market. He also pointed to Ethena (ENA), issuer of the synthetic dollar USDe, which maintains a delta-neutral strategy by shorting an amount of ETH equal to user collateral. This accounts for 4% of ETH’s total open interest and has exerted downward pressure on the token’s price. However, Thielen noted the market may be viewing the dynamic differently, as ENA is rising alongside ETH amid higher funding rates.

Binance CEO Richard Teng said in an interview that the cryptocurrency market is entering a new phase as institutional participation increases following regulatory shifts in the U.S. and the approval of spot Bitcoin ETFs, according to Mastercard’s official website. Teng noted that the market, once dominated by retail investors and marked by high volatility, has matured significantly with institutional involvement. He added that with crypto still in the early stages of institutional adoption, the industry’s outlook remains highly optimistic.

The hacker responsible for the $27 million breach of crypto exchange BigONE has converted the stolen assets into 120 BTC ($14.15 million), 23.3 million TRX ($7.01 million), 1,272 ETH ($4 million) and 2,625 SOL ($428,000), according to on-chain data from Lookonchain on X.

In June, trading volumes on top centralized exchanges like MEXC, KuCoin and Upbit declined over 39%, pointing to reduced retail engagement in Asia. According to BeInCrypto, citing a report by Wu Blockchain, Binance also saw a 22% drop, while MEXC, KuCoin and Upbit posted steeper declines of 44%, 42% and 39%, respectively. The report attributes the downturn to market corrections, geopolitical uncertainty and a shift of capital toward decentralized exchanges (DEXs).

Blockchain security firm SlowMist reported on X that BigONE Exchange was exploited for more than $27 million. The attacker breached the platform’s production network and modified the logic of servers handling accounts and risk controls, allowing unauthorized withdrawals. SlowMist added that the platform’s private keys were not exposed. In response, BigONE said that user assets remain safe and that it will cover all losses. The exchange stated that trading and deposits will resume shortly, with withdrawals to follow after security upgrades.