Crypto Market and Global Trends: Key Events of June 2025

Increase in Bitcoin Wallets Holding Over 10 BTC

Recent data indicates a substantial rise in the number of Bitcoin wallets holding more than 10 BTC. This trend suggests growing confidence among large-scale investors and institutions in Bitcoin’s long-term value proposition.

Arthur Hayes on the Future of Altcoins

Arthur Hayes, co-founder of BitMEX, has expressed skepticism about the viability of many altcoins. He emphasizes that without a clear product-market fit, sufficient liquidity, and the ability to generate user revenue, most altcoins may struggle to survive. Hayes predicts that only projects offering real utility will endure, and an altcoin season is likely only if Bitcoin’s dominance reaches 65%.

Solana’s Emergence as a Treasury Asset

Cantor Fitzgerald has highlighted Solana’s rapid growth in developer activity and its suitability for on-chain economies. The firm suggests that Solana’s adoption as a treasury asset is logical, given its technological advantages and potential to become a foundational platform for future financial systems.

Security Concerns: Pump.fun’s X Account Compromised

The X account of Pump.fun, a memecoin platform, was recently compromised, leading to the promotion of fraudulent tokens. This incident has intensified discussions about security vulnerabilities in the crypto space and potential regulatory interventions.

Challenges Facing Polygon’s zkEVM

Despite acquiring Hermez for $250 million in 2021 and rebranding it as Polygon zkEVM, the project has faced setbacks. Development has stalled, and the chain has not achieved the anticipated improvements, resulting in annual losses exceeding $1 million.

Polyhedra’s Response to ZKJ Token Liquidity Attack

Following a coordinated liquidity attack on PancakeSwap that led to a significant drop in the ZKJ token’s value, Polyhedra’s co-founder announced plans for a token buyback. The company is assessing the situation and has released a preliminary report linking the token’s decline to the attack and subsequent mass sell-offs.

JPMorgan Chase Files Trademark for Digital Asset Services

JPMorgan Chase has filed a trademark application for “JPMD,” signaling its intent to offer services related to digital assets and financial transactions. This move underscores the bank’s commitment to integrating digital asset solutions into its offerings.

SEC and Ripple Labs Seek to Pause Appeal Process

In a joint request, the SEC and Ripple Labs have asked the court to pause the appeal process as they work towards a mutual agreement. The SEC is expected to provide a status update by August 15, indicating potential progress in resolving the ongoing legal dispute.

Infini Discontinues Card Services

Infini has announced the discontinuation of its card services, including Global, Lite, and Tech cards. However, core functionalities such as deposits, withdrawals, and the Earn program will remain operational, reflecting a strategic shift in the company’s service offerings.

Market Volatility Anticipated by Investor James Wynn

Prominent investor James Wynn has warned of a potential “black swan” event within the next 48 hours that could disrupt global markets. He is preparing to invest heavily during the anticipated market downturn, hedging his Bitcoin positions and seeking opportunities amid the expected panic.

Corporate Insiders Increase Stock Sales

June has seen a notable increase in stock sales by corporate insiders, with 778 executives selling shares compared to only 200 purchases. This 0.26 ratio is the lowest since November 2024, suggesting a cautious outlook among company leaders regarding market conditions.

US-UK Trade Agreement Announced

President Donald Trump and UK Prime Minister Keir Starmer have unveiled a trade agreement aimed at boosting employment and income in both nations. The deal includes tariff reductions and is expected to strengthen economic ties between the US and the UK.

Bank of Japan Maintains Interest Rate

The Bank of Japan has decided to keep its base interest rate at 0.5%, marking the third consecutive pause following a 25 basis point increase in January. This decision reflects the bank’s cautious approach amid ongoing economic assessments.

President Trump’s Proposal to Address Iran-Israel Conflict

President Trump has proposed a final opportunity to halt the Iran-Israel conflict, highlighting the US’s possession of bunker-buster bombs capable of targeting Iran’s underground facilities. He suggests that if no agreement is reached, the US may provide these weapons to Israel or intervene directly, with the next 24 hours being critical.

Conclusion

June 2025 has been a pivotal month for the cryptocurrency market and global economic developments. From significant shifts in Bitcoin holdings to geopolitical tensions, these events underscore the dynamic nature of the financial landscape and the importance of staying informed.