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Wednesday, June 25, 2025

More Crypto Meltdowns, Filling Bitcoin Coffers, Strict Regulation and 20 Crypto Jokes - Cryptonews

This week in crypto: as bitcoin was playing around USD 20K and analysts warned of further downside, bitcoin funds saw the largest outflows on record ‘by a wide margin’ last week, and while the worst may be behind us, more crypto meltdowns could be seen soon. MicroStrategy bought the dip and added another BTC 480 to its coffers, and El Salvador's Nayib Bukele bought the dip too. Mike Novogratz said that he was hoping bitcoin would stay above USD 30,000 and admitted that Terra’s model was unsustainable, Vitalik Buterin tweeted that EOS stands for “Ethereum on Steroids” as the EOS team says they’ll be making a comeback, Anonymous vowed to look into Do Kwon’s entire history since he entered crypto in a bid to expose his alleged crimes, and Tether CTO repeated that Tether is fully backed and never failed a redemption.
A court ordered the liquidation of Three Arrows Capital, Harmony offered the Horizon Bridge hacker USD 1m in bounty for the return of USD 100m in stolen funds, and CoinFLEX...



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