Web3 game development studio Uncharted announced June 15 that it will cease all operations and permanently shut down its flagship blockchain game, Fishing Frenzy. The game’s servers are scheduled to go offline on June 25 at 2 a.m. UTC, following the team’s conclusion that it could not establish a sustainable product-market-business fit for the project.
Key Takeaways Michael Saylor says bitcoin’s biggest opportunity lies beyond everyday payments. BTC-backed financial products could offer yield, liquidity, stability, and investment exposure. Saylor says bitcoin can support global markets without changing its core design. Saylor Says Bitcoin’s ‘Killer Use Case’ Goes Beyond Payments Strategy (Nasdaq: MSTR) Executive Chairman Michael Saylor said bitcoin’s “killer use
Key Takeaways Saylor outlined a five-layer framework that expands bitcoin’s financial applications. Beyond direct ownership, the structure targets income, liquidity, and stability needs. Future products could combine bitcoin-backed credit with fiat cash equivalents to create stable-value, yield-bearing instruments. Saylor Details How Bitcoin-Backed Markets Could Move Beyond Treasury Holdings Michael Saylor, executive chairman of Strategy (Nasdaq:
Key Takeaways Wintermute said bitcoin rose 1.9% as May CPI hit 4.2% and Iran conflict risks eased. Bitcoin ETFs and treasury firms remain weak; AUM fell from $220B to $140B. Wintermute says Fed signals on June 19 could determine if the rebound continues. Wintermute Sees No Confirmed Bottom Despite Bitcoin Rebound Bitcoin found some relief
Key Takeaways Bitcoin fell to a $65,301 intraday low on Tuesday despite a U.S.-Iran MoU lifting traditional markets. The crypto downturn erased 1.4% of market value, sparking $81 million in derivatives liquidations. Santiment predicts the geopolitical truce will eventually rotate global capital back into Bitcoin. Global Markets Diverge as Oil Slides Bitcoin traded down on
Key Takeaways Bitcoin ETFs lost $64.09M on June 15 as Grayscale GBTC saw $124M in outflows. Ether ETFs gained $22.5M; Fidelity FETH led, showing broader crypto demand. HYPE added $17.2M, while solana and XRP gained; selective inflows may continue. Crypto ETF Investors Favor Ether and Altcoins as Bitcoin Funds Post Fresh Losses Bitcoin’s relief rally
Key Takeaways Bitwise bought 77,097 HYPE worth about $5.18 million via FalconX on June 15, per Lookonchain. The firm directs 10% of BHYP ETF fees to buying and staking HYPE, with inflows near $107 million. The strategy layers onto Hyperliquid’s own buybacks, which absorb about 97% of exchange trading fees. Bitwise Keeps Stacking HYPE Bitwise
Key Takeaways On June 16, HYPE jumped over 11% to hit a record $76.90, recovering from a recent marketwide drop to $53. Hyperliquid secured its spot as the 10th-largest crypto asset, hitting a market cap of nearly $17 billion. Analysts warn Hyperliquid’s buybacks may not match the massive scale of upcoming contributor token unlocks. Supply
Key Takeaways Spot HYPE ETFs from 21Shares, Bitwise and Grayscale drew about $153 million in net inflows in their first month. Cumulative volume neared $900 million, with Grayscale’s HYPG charging a market-low 0.29% fee. Roughly 97% of Hyperliquid fees fund onchain HYPE buybacks, tying ETF demand to real exchange revenue. A Strong Debut for a
Key Takeaways Binance Research said April DeFi exploits drove about $13 billion in outflows and cut onchain leverage to roughly 38%. A near $300 million KelpDAO hack via Layerzero helped spark a 44% drop in Aave’s value locked. Protocols migrated to Chainlink CCIP and hardened infrastructure, testing whether deposits rebuild. A $13 Billion Wipeout in