News & Research

South Korean retail investors have bought almost $450 million worth of Circle (CRCL) stock so far in June, CoinDesk reported, citing Bloomberg. This has brought Circle into the most heavily bought overseas stock this month and one of the top four stocks year-to-date. Before then, South Korean investors had invested aggressively in highly volatile assets such as Ripple (XRP) and Dogecoin (DOGE), sparking the ‘“Kimchi premium.” Therefore, the current buying craze in Circle shares could also result in a similar outcome, according to the news outlet.

Hart Lambur, co-founder of the cross-chain intents protocol Across, announced on X that he and his team were falsely accused by an anonymous user known as Ogle of misusing decentralized autonomous organization (DAO) funds and manipulating governance. Lambur refuted claims that $23 million worth of ACX tokens were misappropriated, clarifying that Risk Labs—the non-profit overseeing Across—is legally obligated to use funds properly and still holds the granted tokens. He also rejected allegations of governance manipulation, explaining that team members purchased ACX tokens on the open market and voted using publicly linked wallets. The proposal in question passed without opposition following open discussion and a 7-day voting window. Lambur stressed that no granted tokens were sold and that the process was transparent. He noted that future proposals will include clearer disclosures. He concluded by defending his team and calling the accusations baseless, urging critics to verify facts before making public claims.

Over $2.1 billion in crypto was lost to attacks in the first half of 2025, with the majority linked to private key and front-end infrastructure exploits, according to a TRM Labs report cited by Cointelegraph. These high-impact hacks accounted for over 80% of stolen funds across 75 incidents and were, on average, 10 times more damaging than other attack types. TRM Labs noted that crypto losses in the first six months of 2025 have almost matched the full-year total recorded in 2024.

Bitcoin (BTC) mining company Ionic Digital disclosed in its Fiscal Year 2024 (FY2024) report that it mined 2,075.5 BTC over eleven months, while the number of miners deployed at company-owned sites increased from 27,581 to 88,986. As of May 31, 2025, the company held 2,520.2 BTC, according to a press release from Business Wire.

ARK Invest, the asset management firm led by Cathie Wood, sold $12.5 million worth of shares in crypto exchange Coinbase through its ARK Innovation ETF (ARKK) on June 26. The crypto exchange’s stock had closed that day at an all-time high of $375.07, The Block reported.

AI-related activity on blockchains has increased by 86% since the beginning of 2025, with approximately 4.5 million daily unique active wallets interacting with AI dApps, according to Cointelegraph, citing a report from DappRadar. The report also states that AI agent projects have raised $1.39 billion so far this year, a 9.4% rise compared to 2024.

Bitcoin Treasury Corporation has completed its listing on the TSX Venture Exchange (TSXV) and made its first Bitcoin purchase, acquiring 292.8 BTC, according to a press release from Globe Newswire.

Nick van Eck, founder and CEO of Agora, the issuer of the AUSD stablecoin, dismissed Anchorage’s stablecoin safety report as biased, according to The Block. He argued that while Anchorage cited structural risks in delisting AUSD and USDC, the real reason was Agora’s refusal to join its Genius Bill as a Service program. Van Eck said a business-driven delisting would have been understandable, but claimed Anchorage raised false security concerns in the report to undermine the stablecoins. Anchorage’s report rated PayPal’s PYUSD and Paxos’s USDP highest, while AUSD ranked among the lowest.

PayPal CEO Alex Chriss says stablecoins will take time to catch on in the U.S. due to challenges in getting consumers on board, Bloomberg reported. In a TV interview, he noted that most users don’t see a clear benefit to using stablecoins, so PayPal is introducing rewards programs to encourage adoption.

Cryptocurrency asset management company, Grayscale, has added Avalanche (AVAX) and Morpho (MORPHO) to the Grayscale Research Top 20, a shortlist of digital assets that the company believes have high potential over the coming quarter. Lido DAO (LDO) and Optimism (OP), which were included on the list last quarter have dropped out of the shortlist.