In the past 24 hours, approximately $360 million in cryptocurrency contracts have been liquidated, with roughly $165 million in long positions and $194 million in short positions.

Aave Chan Initiative (ACI), the primary service provider for the Aave DAO, is scheduled to exit the DAO by July amid escalating governance tensions within the ecosystem. The Block.

NEAR Protocol surged 28% following an announcement from startup Confidential Intents at 02:02 Moscow time. Within eight minutes of the announcement, the token experienced a significant increase, ranking among the top purchased assets in both spot and futures markets across major centralized exchanges.

Yzi Labs reports $100 million allocated to the Hash Global BNB Holdings Fund, an institutional BNB yield fund.

🍒Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647

Former President Donald Trump is urging Congress to pass legislation regulating the cryptocurrency market, affirming that the United States will not permit banks to weaken the current crypto framework. He warned that if financial institutions continue to undermine the proposed bill, the crypto industry could potentially relocate to China.

CFTC Chairman Mike Selig emphasized the importance of approving crypto market structure legislation.

TD Cowen analysts suggest banks are likely to lose the battle over stablecoin yields, but a prolonged struggle could jeopardize the legislation.

Leading House Republican French Hill has called on the Senate to review the House's cryptocurrency bill amid ongoing debates about stablecoin profitability.

Former President Trump is calling on Congress to pass legislation regulating the cryptocurrency market, asserting that “we will not allow” banks to undermine the country’s digital asset initiatives. He warned that if financial institutions continue to weaken the proposed crypto market structure bill, the industry could potentially relocate to China.

CFTC Chair Mike Selig emphasized the importance of passing legislation to establish a clear cryptocurrency market framework, citing the need for regulatory clarity.

TD Cowen analysts indicate that banks are likely to lose the battle over stablecoin yields, though an extended dispute could jeopardize the passage of the crypto legislation.

Leading House Republican French Hill has urged the Senate to consider the House's cryptocurrency bill amidst ongoing discussions about the sustainability of stablecoin profitability.

MARA Holdings denies reports suggesting plans to liquidate a substantial part of its Bitcoin holdings. The firm affirmed that its core Bitcoin treasury strategy remains unchanged. cointelegraph

Vitalik Buterin calls for Ethereum to expand beyond its current financial focus amid increasing government and corporate surveillance, ongoing conflicts, and the decline of social media. He emphasizes that, despite its prominence, Ethereum has had limited influence on advancing genuine freedom, privacy, and digital security. Buterin advocates for transforming Ethereum into a component of a broader ecosystem of "safe haven technologies" by leveraging open-source tools to develop sustainable digital environments that facilitate connection, collaboration, risk and wealth management, and community organization.

Vitalik Buterin emphasizes that rising government and corporate surveillance, ongoing conflicts, and the decline of social media underscore the need for broader application of blockchain technology. He notes that Ethereum's influence remains limited in advancing true freedom, privacy, and digital security. Buterin argues that Ethereum should transcend its primarily financial focus and develop into a component of a larger ecosystem of "safe haven technologies." By leveraging open-source tools, he advocates for the creation of sustainable digital environments that facilitate connection, collaboration, risk management, wealth preservation, and community organization.

Santiment reports that social media activity around altseason often peaks alongside market highs. When online discussions decline, major investors tend to artificially inflate prices. The firm emphasizes that this is not a reliable trading indicator and that waning interest in altcoins does not necessarily signal an imminent price increase. While not offering investment advice, Santiment highlights a chart illustrating the potential relevance of this signal.

Santiment reports that heightened social media activity around altseason typically aligns with market peaks. Conversely, declining discussions often precede artificial price inflation by major investors. The firm emphasizes that this is not a reliable trading indicator and that waning interest in altcoins does not necessarily forecast an imminent rise in their value. While not offering investment advice, Santiment suggests reviewing its chart, which illustrates the potential significance of this signal.

BitGo expands its MiCA-compliant cryptocurrency services across the European Economic Area. cointelegraph

Bithumb Launches Centrifuge (CFG) KRW Market

Bithumb has announced the addition of the Centrifuge (CFG) trading pair in its Korean won (KRW) market. The new listing is now available for trading.

Published at 05:07 UTC.

CFTC Chairman indicates potential launch of perpetual cryptocurrency futures within the next month. cointelegraph.com

AI research by the BTC Policy Institute reveals that, in simulated economic decision-making scenarios, 22 of 36 AI models designated Bitcoin as their preferred currency, with none favoring fiat currencies. The study examined 36 models from OpenAI, Anthropic, Google, DeepSeek, xAI, and MiniMax across 28 currency scenarios, including stores of value, payments, and settlements.

Bithumb announces the launch of a new KRW trading market for Definitive (#EDGE). Details available at: feed.bithumb.com.

Bithumb has officially launched the KRW trading market for Definitive (#EDGE). Further details can be found at feed.bithumb.com. The listing expands Bithumb's market offerings.

Ray Dalio, founder of Bridgewater Associates, said Bitcoin is unsuitable as a long-term store of value or hedge asset, citing the lack of central bank support, privacy issues, and potential instability from quantum computing. He highlighted gold as the most established form of money and the second-largest reserve asset held by central banks. cointelegraph

Indiana governor signs legislation allowing cryptocurrencies to be included in state pension plans. cointelegraph

Dubai’s stock market fell 4.6% at the opening amid ongoing Iran conflict. South Korea’s market halted trading after an 8% decline.