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Bitcoin Risks Slide to $55,000 as Debasement Trade Unwinds and Liquidity Tightens

Bitcoin Risks Slide to $55,000 as Debasement Trade Unwinds and Liquidity Tightens

| JUAN MENDE |
Bitcoin trades near $61,500, marking an approximately 50% correction from its October 2025 peak near $126,000. Markus Thielen, founder of 10x Research, forecasts Bitcoin could fall to $55,000 before a cycle low forms between late August and October 2026. Gold has dropped below $4,000 per ounce (down 28% from its January 2025 peak of $5,600) and silver below $59 per ounce (more than 50% from records), ending the 2025 debasement trade…

Synthetix Governance Approves SIP-423 to Retire Depegged sUSD Stablecoin

Synthetix governance has approved SIP-423, a proposal to fully decommission and deprecate its native sUSD stablecoin across Ethereum and Optimism networks. Holders will receive four locked SNX tokens for eac…
Bitcoin Risks Slide to $55,000 as Debasement Trade Unwinds and Liquidity Tightens

Bitcoin Risks Slide to $55,000 as Debasement Trade Unwinds and Liquidity Tightens

Bitcoin trades near $61,500, marking an approximately 50% correction from its October 2025 peak near $126,000. Markus Thielen, founder of 10x Research, forecasts Bitcoin could fall to $55,000 before a…
US Senate Passes Housing Bill With Four-Year Ban on Fed CBDC

US Senate Passes Housing Bill With Four-Year Ban on Fed CBDC in 85-5 Vote

The U.S. Senate passed the 21st Century ROAD to Housing Act with an 85-5 vote, attaching a provision banning the Federal Reserve from issuing or creating a CBDC or substantially similar digital asset thr…
June 22, 2026

Secret Network Bridge Suffers $4.7 Million Exploit; Three Sonic Labs Board Members Resign

Secret Network’s cross-chain bridge was hit for $4.7 million following an exploit tied to a critical infinite mint smart contract vulnerability. Three high-profile board members of Sonic Labs, including DeFi pioneer Andre Cronje, have resigned amidst a broader governance restructuring. The native S token dropped another 5% on the news, continuing a steep decline that has wiped out roughly 97% of its value from its all-time high. The decentralize…
June 22, 2026

On-Chain Settlement Surpasses US ACH Network for the First Time with $7.5 Trillion Month

On-chain settlement volume hit $7.5 trillion in March 2026, marking the first month it surpassed the total volume cleared by the traditional United States Automated Clearing House (ACH) network. The aggregate stablecoin supply surged to $323 billion, representing a substantial 56% year-over-year increase from the same period last year. Institutional adoption and cross-border commercial transactions continue to fuel tokenized dollar velocity, t…
June 22, 2026

Algorand Unveils Roadmap to Achieve Broad Quantum Resilience by 2027

Algorand has announced a structured technical roadmap targeting broad quantum resilience across its network layer by the end of 2027. The phased rollout begins in Q3 2026 with the integration of native Falcon-1024 post-quantum accounts directly supported by software development kits and user wallets. The strategy encompasses upgrades to user infrastructure and consensus mechanisms, positioning the blockchain ahead of the cryptographic timelines…
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Taiko Halts Ethereum L2 Block Production After $1.7 Million Bridge Exploit

Taiko Halts Ethereum L2 Block Production After $1.7 Million Bridge Exploit

Taiko confirmed compromise of its chain state verification mechanism, rendering bridge security assumptions unreliable. Attacker drained app…
Franklin Templeton Proposes Dividend-Reinvesting ETFs That Channel Stock Payouts Into Bitcoin

Franklin Templeton Proposes Dividend-Reinvesting ETFs That Channel Stock Payouts Into Bitcoin

Franklin Templeton filed with the SEC for the Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, which al…
Ethereum Foundation Co-Executive Director Hsiao-Wei Wang Resigns Amid Leadership Transition

Ethereum Foundation Co-Executive Director Hsiao-Wei Wang Resigns Amid Leadership Transition

Hsiao-Wei Wang has resigned as co-executive director and board member of the Ethereum Foundation (EF), effective immediately. The move follo…
Strategy's STRC Preferred Stock Hits Record Low Below Par, Pausing Key Bitcoin Funding Channel

Strategy’s STRC Preferred Stock Hits Record Low Below Par, Pausing Key Bitcoin Funding Channel

Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) closed at a record low of $89, 11% below its $100 par value. The discoun…

Uniswap Outperforms Dips as Standard Chartered Initiates Coverage With $100 Price Target

Uniswap (UNI) bucked the broader market sell-off, surging into the $3.70 range after trading as low as $2.50 last week. Standard Chartered initiate…
Coinbase Unveils Ambitious System Update with Tokenized Stocks, AI Advisor, and Bitcoin-Backed Mortgages

Coinbase Unveils Ambitious System Update with Tokenized Stocks, AI Advisor, and Bitcoin-Backed Mortgages

Coinbase announced 21 new products and features on June 16, 2026, expanding into tokenized equities, AI-driven advisory, and traditional finance se…

Hyperliquid’s HYPE Token Hits All-Time High Over $76 Following SpaceX Contract Inflows and ETF Demand

Hyperliquid’s native token HYPE hit a new all-time high of $76.90 on Tuesday morning, extending its weekly gains to roughly 46%. The rally was driv…

SpaceX Solidifies $60 Billion All-Stock Acquisition of AI Coding Startup Anysphere

SpaceX has executed an option to acquire Anysphere, the parent company behind the popular AI-powered code editor Cursor, for $60 billion in Class A…

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