Important information last night this morning (June 26-June 27)

### Crypto Market Updates

#### Whale Activity

- **Whale Withdraws 5,180 ETH ($12.57M) from Binance to Aave V3**: Onchain Lens reports that a dormant whale reemerged after 7 months, moving a significant ETH stash into Aave V3 for potential leverage or yield farming.

#### Exchange Shutdown

- **XeggeX to Close and File for Bankruptcy**: The crypto exchange announced its shutdown following a February hack and operational issues. Legal details will be disclosed soon.

#### Governance Scandal

- **Across Protocol Accused of Diverting $23M from DAO Treasury**: GlueNet’s Ogle alleges the team used secret wallets to pass a proposal funneling funds to private firm Risk Labs, breaching promises to lock tokens for two years. Calls for stricter DAO governance rules intensify.

#### Grayscale’s Q3 Asset List Update

- **AVAX and MORPHO Added, LDO and OP Removed**: Grayscale Research refreshed its top 20 crypto assets, reflecting shifting institutional interest.

#### Institutional Moves

- **Galaxy & Manifold Deposit $30M USDC into HyperLiquid for HYPE**: Onchain data shows growing institutional participation in DeFi platforms.

#### Stablecoin Controversy

- **Agora CEO Slams Anchorage’s “High-Risk” AUSD Rating**: Nick van Eck claims bias, citing Anchorage’s ties to rivals like Paxos. Anchorage defends its methodology, ranking PYUSD and USDP as top stablecoins.

#### ETH Staker Takes $28.8M Loss

- **Whale/Institution Dumps 41,400 ETH ($100M) at a Loss**: After staking at $3,227/ETH, the entity sold at $2,417, absorbing heavy losses amid market downturns.

#### Bitcoin Whale Deposits $173M to Binance

- **3NVeXm Moves 1,613 BTC**: Lookonchain flags a major deposit, possibly signaling sell pressure.

#### Law Enforcement Win

- **FBI Catches Hacker IntelBroker with $250 Bitcoin Trap**: An undercover op traced monero-fueled data sales to UK national Kai West, now facing extradition over $25M in damages.

#### Political & Regulatory Developments

- **India’s BJP Leader Pushes Bitcoin Reserve Pilot**: Pradeep Bhandari advocates for crypto as economic resilience tool.

- **Ripple CTO Teases Acquisitions, XRP Ledger Upgrades**: David Schwartz highlights Ripple’s M&A strategy and plans to enhance XRP’s programmability.

- **Coinbase CEO Confirms Ongoing Bitcoin Buys**: Brian Armstrong responds to calls for a “Bitcoin treasury” by revealing weekly BTC accumulation.

- **CoreWeave Revives Bid for Bitcoin Miner Core Scientific**: A potential buyout could merge AI and crypto infrastructure.

- **U.S. Senate Aims for Crypto Market Bill by Sept 30**: Timeline set despite Trump’s push for August passage.

- **White House Confirms Bitcoin Reserve Plans**: Advisor Bo Hines hints at public disclosures for U.S. BTC holdings.

#### Corporate Moves

- **Bakkt Files for $1B Shelf Offering, May Buy Crypto**: Funds could boost Bitcoin/digital asset holdings.

- **Dinari First to Offer Tokenized Stocks in U.S.**: Secures broker-dealer license for blockchain-based equity trading.

- **Coinbase Derivatives to Launch Nano BTC/ETH Perps**: First U.S.-compliant perpetual contracts debut July 21.

#### DeFi & Ecosystem Growth

- **Spark’s 5M SPK Airdrop Goes Live**: Rewards target early SNAPS participants.

- **PayPal CEO Touts “Real” Stablecoin Use Cases**: PYUSD adoption in focus.

- **Taurus Unveils Privacy Tech for USDC**: Zero-knowproof layer enables confidential transactions.

#### Market Performance

- **Coinbase (+4%) and Circle (+12.5%) Surge**: COIN hits all-time highs; CRCL rallies on stablecoin momentum.

#### Global Regulatory Shifts

- **Canada Advances Stablecoin Framework**: Rules under development.

- **Kraken Launches Global Finance App “Krak”**: Targets 110 countries with crypto/fiat services.

#### Legal & Funding

- **SEC vs. Ripple Case Continues**: Court rejects joint motion, prolonging battle.

- **Aqua 1 Invests $100M in WLFI Tokens**: Eyes DeFi governance and RWA expansion.

- **Galaxy Closes $175M VC Fund**: Backs Monad, Ethena in stablecoin/DeFi push.

#### Conflict & Economic Impact

- **Israel Estimates $3B+ Damage from Iran Conflict**: Fiscal toll may rise with military replenishment costs.

#### Latin America & Asia

- **Brazil Central Bank Seeks Feedback on Crypto Accounting Rules**: Public consultation open until Aug 2025.

- **China Renaissance Allocates $100M to Web3/Crypto**: Building on Circle investments, targets stablecoins and RWA.

*Disclaimer: This content reflects author views only. Accuracy and completeness aren’t guaranteed. No liability is accepted for losses from reliance on this information.*