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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure AAVE’s rally against a weaker Bitcoin tape suggests traders are still rewarding DeFi names tied to institutional lending and real-world asset narratives. TL;DR AAVE outperformed while Bitcoin traded under pressure. The move followed renewed attention on Standard Chartered’s DeFi and RWA thesis. Traders are watching whether protocol revenue can support stronger DeFi valuations. AAVE Stands Out In A Weak Market Aave’s token has shown relative strength during a difficult stretch for the wider crypto market, with traders pointing to institutional DeFi narratives and Standard Chartered’s recent…

Last night, Bitcoin price was trading at $59,537, down through the $60,000 level that had been the market’s line in the sand and nearly $18,000 below its late-May peak of $77,623.Glassnode’s on-chain data frames the move as a demand failure, with spot markets leading the selling, ETF investors pulling capital across six consecutive weeks of outflows, and a stronger dollar and rising yields keeping buyers on the sidelines.As of press time, Bitcoin has recovered to around $61,600. 1D 7D 1M 1Y ALL Market Cap $1.23T 24h Volume $44.35B All-Time High $126,198.07 What drove the breakGlassnode tracked Spot cumulative volume delta…

In brief Physicist Henry Legg argues Microsoft has not demonstrated a topological qubit. The critique targets the technology underpinning Microsoft’s recently announced Majorana 2 chip. Microsoft rejected the claims and defended its results in a formal response. Weeks after Microsoft unveiled Majorana 2, a quantum chip it said was 1,000 times more reliable than its predecessor and a major step toward practical quantum computing by 2029, a leading researcher is challenging the company’s claims.In a commentary published Wednesday in Nature, University of St Andrews physicist Henry Legg argued Microsoft has failed to demonstrate the existence of a topological qubit, a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure MemeCore’s M token plunged in a sudden sell-off, reviving concerns about thin liquidity, insider supply and exchange listing standards. TL;DR MemeCore’s M token suffered a steep intraday crash. On-chain investigator ZachXBT has warned about insider-heavy token structures and exchange listing risks. The move highlights how quickly memecoin valuations can unwind when liquidity disappears. MemeCore’s Collapse Grabs Trader Attention MemeCore’s M token became one of the market’s most watched risk stories after a sudden sell-off erased a large share of its value in a single session. Market…

In brief Nous Research shipped pet support for Hermes Agent, giving users access to more than 3,200 animated sprite mascots. Pets react to agent activity across six states—idle, running, thinking, waving, celebrating, and failing—but have no effect on tokens, caching, or behavior. The feature works in the CLI, TUI, and desktop app, and can be popped out into a floating always-on-top window to track agent activity without switching windows. Nous Research has added animated pets to Hermes Agent, and the documentation makes a point of clarifying upfront that they do absolutely nothing useful. That doesn’t mean they are useless: devs…

Texas-based car dealership Jim Dunworth is reportedly suing Broadway Bank, Discover Bank and Capital One after losing nearly $1 million in a sophisticated bank-impersonation scam. San Antonio Express-News reports that the scheme involved fraudsters who posed as Broadway employees to steal funds from Dunworth’s bank accounts. The suit alleges that on March 7th, 2025, a caller who identified himself as a Broadway employee called Dunworth using a number associated with the bank.  The caller claimed that unauthorized parties attempted to create a profile under Dunworth’s account on Broadway’s online banking platform, iBiz.  Concerns over the security of the account prompted…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Crypto markets are heading into a macro-heavy stretch with PCE inflation and labor data due soon. Bitcoin and Ether remain sensitive to rate expectations, dollar strength and risk-asset positioning. The setup matters because recent sell-offs have already left leverage and sentiment fragile. Macro Risk Moves Back To The Front Bitcoin traders are moving into another macro-heavy window, with inflation and labor-market data set to test a market already weakened by recent liquidations. Kraken’s June 24 economic brief highlighted the upcoming PCE inflation release and jobs-related…

In brief Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it. The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said. As XRP fell, it risked slipping below $1 for the first time since just after President Trump’s reelection. Investors continued to dump digital assets on Wednesday, aggravating a sell-off that pushed Bitcoin’s price to its lowest point in 21 months.The leading digital asset by market cap fell as low as $59,2175 before firming to $60,700, a 2.7% decrease over the past 24 hours,…

In brief Meme stock traders on Reddit have put their efforts behind fast-food chain Wendy’s. Shares in the firm have bounced over 25% on Wednesday amid a surge of posts seeking to “save” the franchise. Even after the daily spike, WEN shares have fallen 66% in the last five years. Bitcoin is sinking Wednesday, but retail investors have their eye on a different risk asset, helping shares in fast-food chain Wendy’s (WEN) surge nearly 26%.The McDonald’s and Burger King rival sank as low as $6.08 per share in early week trading, but finished Wednesday trading at $7.86, a more than…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR 21Shares says Bitcoin remains under pressure but still has a path back toward the $100,000 area in a recovery scenario. The firm points to ETF flows, cycle structure and liquidity conditions as key variables. The bull case depends on Bitcoin defending structural support and rebuilding momentum after the sell-off. 21Shares Keeps The Recovery Case Alive Bitcoin’s recent sell-off has damaged sentiment, but 21Shares argues that the market still has a path toward recovery if key structural supports hold. In a research note titled “Bitcoin under…

In brief Standard Chartered forecasts AAVE will rise ~50x from ~$70 earlier Wednesday to $3,500 by the end of 2030. The bank believes Aave has moved past an April liquidity crunch that halved deposits, and expects the token to track a projected 37x growth in DeFi assets by 2030. The bullish case depends on unproven steps, such as Aave Horizon through new partnerships with traditional finance firms. Analysts at Standard Chartered are betting big on Aave, one of the largest lending platforms in decentralized finance (DeFi), projecting that its native token could surge nearly 50 times from current levels by…

By the year 2036, Bitcoin mining looks nothing like it did five years ago, much less ten. Long gone is the model of Bitcoin miners that dominated the landscape of the early to mid-2020’s. These large, often publicly traded, mining companies looked for large tranches of cheap power in mostly first-world countries they could monetize at scale. These corporations did not generate their own energy, nor did most design and manufacture their ASICs. They looked for a confluence of attractive power terms from an electric utility, available land near substation infrastructure, and timed the purchase of ASICs for as short…

In brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The tax is set to go into effect on July 1. The Trump CFTC has sued to prevent its enforcement. The case marks the latest battle in a nationwide fight between states and the Trump administration over whether prediction markets should be considered gambling. Kalshi sued Illinois Wednesday, claiming in federal court that the state has no right to levy taxes on prediction markets.Last week, Illinois governor JB Pritzker signed a bill into law that, in addition to creating a statewide…