News & Research

Avalanche (AVAX)-based Insomnia Labs has raised $12 million in a funding round with participation from Kamui Finance, Intrinsic Capital and others, Tech Funding News reported. The funding will support the launch of CreatorFi, a platform offering blockchain-based financing solutions for digital creators.

Bitcoin Depot, the world’s largest Bitcoin ATM operator, has disclosed a data breach that occurred on June 23, 2024, affecting nearly 27,000 users and compromising personal information such as names, phone numbers and driver’s license numbers, Cointelegraph reported. A company spokesperson said that notification was delayed at the request of federal law enforcement due to an ongoing investigation, which concluded in mid-June 2025. The breach resulted from an external system compromise, though the company noted that no evidence of data misuse has been found so far.

As of June 30, 125 publicly traded companies worldwide held a combined 847,000 Bitcoin (BTC), representing 4.03% of the total supply and valued at approximately $91 billion, according to JinSe Finance, citing a Q2 2025 corporate Bitcoin adoption report by Bitwise. In Q2 alone, companies added a record 159,000 BTC, with 46 new firms joining the list of corporate holders.

Bank of Korea (BOK) Governor Rhee Chang-yong said that allowing non-banking entities to issue won-backed stablecoins could lead to various problems, according to Financial News. He added that the Han River Project, the BOK’s central bank digital currency (CBDC) initiative, is the first step toward introducing secure and reliable won-based stablecoins.

Ziglu, a UK-based digital banking and crypto platform, has entered special administration due to severe financial distress, Crowdfund Insider reported. In June, the UK’s Financial Conduct Authority (FCA) imposed operational restrictions, leading the company to freeze its yield-generating “Boost” accounts and suspend e-money and crypto services. Previously, Ziglu raised funds through multiple crowdfunding rounds and came close to being acquired by U.S.-based Robinhood, which ultimately pulled out of the deal. The company is now urging users to withdraw their assets from wallets and accounts, amid ongoing uncertainty over the timeline and feasibility.

YZi Labs, the family office of former Binance CEO Changpeng Zhao, is backing the launch of The BNB Treasury Company in partnership with investment firm 10X Capital, Cointelegraph reported. The firm, which plans to buy and hold BNB, aims to complete fundraising within weeks and pursue a public listing in the U.S.

A whale who made $30.45 million in profits from two Ethereum (ETH) swing trades sold 42,332 ETH for $110 million on June 9. The sales, averaging $2,611 per ETH, follow a purchase of 132,000 ETH between June 11-22. The whale has realized $3 million in profits and still holds 91,257 ETH worth $242 million, according to on-chain analyst @EmberCN on X.

Ark Invest reported that Bitcoin’s on-chain momentum has weakened as capital inflows and new buyers declined in Q2, with the market-value-to-realized-value (MVRV) ratio near its two-year average, according to Decrypt. Despite this, long-term holders hit a 15-year high, holding 74% of supply, signaling strong conviction. Bitcoin remains above key support and market averages, while its dominance rose to 65% as altcoins lag. Ark also noted cooling inflation may prompt Fed rate cuts, though low volatility could precede sharp moves later this year.

Cryptocurrency yield platform Finblox, launched in 2021, shut down on July 7 due to market changes, sparking customer backlash. According to DL News, many accused the platform's founders of fraud, with claims of a Ponzi scheme following uncollateralized loans to Three Arrows Capital.

The U.S. House may vote next week on the Senate’s stablecoin bill, advancing one of two major crypto laws U.S. President Trump is pushing this summer, according to CoinDesk. The Senate’s GENIUS Act to regulate stablecoin issuers passed with strong support, while attention now shifts to the Clarity Act on broader crypto market structure. Lawmakers also plan to address a bill banning a U.S. central bank digital currency (CBDC). However, Senate approval remains uncertain amid concerns over consumer protection and Trump’s ties to the industry.