Here are some recent crypto news:
Low exchange inflow, stable altcoin traders: In June 2025, cryptocurrency prices experienced significant volatility, but exchange inflows dropped below 30,000. Altcoin holders did not panic sell, and the funds flowing into exchanges did not increase correspondingly, indicating that selling pressure is not strong and the market has not yet reached a crucial turning point.
Surge in altcoin ETF applications: In the first half of 2025, the U.S. Securities and Exchange Commission received over 30 applications for altcoin ETFs, indicating rising interest from institutional investors. Companies like VanEck and WisdomTree applied to list ETFs tracking assets like BNB and XRP, while issuers like REX - Osprey also submitted applications for meme coins. Analysts predict that at least 10 altcoin ETFs have over a 60% chance of being approved.
Ethereum spot ETF continues net inflow: According to SoSoValue data, the Ethereum spot ETF recorded a total net inflow of $78.1743 million on June 2, Eastern Time, maintaining net inflow for 11 consecutive trading days. BlackRock's ETHA and Fidelity's FETH both saw significant inflows, with the total net asset value of Ethereum ETFs currently at $9.374 billion, accounting for 3.06% of Ethereum's total market capitalization, with a historical cumulative net inflow of $3.124 billion.
Whales withdraw MKR staking: According to Lookonchain monitoring data, two whales withdrew a total of 3,114 MKR (approximately $5.4 million) from Binance, subsequently upgrading it to SKY and staking it.
High-leverage BTC position narrowly breaks even: James Wynn opened a long position of 945 BTC at a price of $105,890 using 40x leverage, with a liquidation price of $103,622. After BTC briefly dropped to $103,610, it quickly rebounded, allowing him to avoid liquidation and break even. He had previously posted a 'begging' tweet requesting support, which has now been deleted.
Whale buys HYPE and opens long position: According to Onchain Lens, a crypto whale bought 110,824 HYPE tokens at a price of $36 each, totaling about $3.99 million, while simultaneously establishing a 4x leveraged long position in HYPE.
A whale deposited a large amount of ETH to Binance: According to Onchain Lens monitoring, a whale deposited 3,000 ETH worth $7.53 million to Binance, having deposited a total of 10,000 ETH in the past two weeks. This whale accumulated 13,478.6 ETH ($49 million) between December 6, 2024, and January 14, 2025, and currently holds 3,478.6 ETH ($8.78 million), facing a loss of about $15.66 million.
