Crypto hacks underscore the urgent need for CEXs and DeFi to overhaul their security, collaborate on risk management and embrace self-regulation.

Crypto hacks are a wake-up call for DeFi

The latest Crypto Market Compass from Bitwise Europe lands like a klaxon: 
every major gauge of risk appetite, liquidity and macro momentum is swinging 
in Bitcoin’s favor, and the firm argues the move could “provide a significant 
tailwind” for the benchmark asset. The study notes that Bitcoin already 
rebounded from $101,000 to about $108,000 in the past week as traders digested 
a potent cocktail of cooling inflation, thawing geopolitics and an 
increasingly dovish Federal Reserve stance. Perfect Storm Brewing For Bitcoin 
Bitwise’s proprietary Cryptoasset Sentiment Index has surged to its most 
optimistic reading since May—“now clearly signal[ing] a bullish sentiment 
again,” the authors write. Behind that surge lies an unprecedented torrent of 
capital into exchange-traded products: cumulative net inflows to global 
Bitcoin ETPs have reached a year-to-date record of $14.3 billion, with five 
consecutive sessions last week adding another $2.2 billion—or roughly 20,763 
BTC—to the pile. “Cumulative net inflows … signal potential upside opportunity 
for the price of Bitcoin,” Bitwise says, adding that US spot ETFs are now on a 
14-day winning streak that could eclipse the 16-day record set shortly after 
launch in early 2024. Related Reading: Warning Signs? Long-Term Bitcoin 
Holders Take Profits as Leverage Spikes Why are investors suddenly embracing 
risk? Bitwise points to what it calls a “decline in macro uncertainty.” July 
may deliver new US trade accords with Canada, while Washington and Tehran have 
struck a surprisingly conciliatory tone; former President Donald Trump has 
even floated lifting sanctions if Iran remains peaceful. On top of that, Fed 
Chair Jerome Powell has tied the timing of a resumption of rate cuts to 
progress on tariff talks—an alignment that leaves the door open to looser 
policy within weeks. The report sums up the mood: “The trifecta of declining 
geopolitical risks, trade policy uncertainty and potential monetary policy 
stimulus should continue to lift market sentiment and provide a significant 
tailwind for Bitcoin and other crypto assets.” *** 𝗡𝗘𝗪 *** We have just 
published our latest 𝗕𝗶𝘁𝘄𝗶𝘀𝗲 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗠𝗮𝗰𝗿𝗼 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 report for 𝗝𝘂𝗹𝘆 
𝟮𝟬𝟮𝟱! Here are the 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 from the report that you need to know: ➡️ 
𝗝𝘂𝗻𝗲’𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻… pic.twitter.com/UYBRwvRE6e — André Dragosch, PhD⚡ 
(@Andre_Dragosch) July 1, 2025 On-chain signals look equally primed. Whale 
wallets (1,000 BTC or more) withdrew 8,740 BTC from exchanges last week, 
exchange reserves sank to 2.898 million BTC—just 14.6 % of supply—and net 
selling pressure on spot venues fell from $2.2 billion to only $0.5 billion. 
Related Reading: Bitcoin Freezes Over $100,000 As OG Whales ‘Dump On Wall 
Street’: Expert Derivatives paint a more nuanced picture: futures open 
interest slid by 20,000 BTC, and bearish perpetual funding rates hint at 
lingering short bias, but options markets show traders quietly standing 
down—put-call open interest fell to 0.59 while one-month implied volatilities 
eased toward 38%. Bitwise interprets the combination as “short-term 
consolidation” in the face of an intact longer-term uptrend. Traditional 
markets are also thawing. Bitwise’s Cross-Asset Risk Appetite (CARA) index 
jumped from 0.31 to 0.49, reinforcing evidence that capital is rotating back 
into growth-sensitive trades. Some 70% of tracked altcoins beat Bitcoin last 
week, a breadth thrust historically associated with early-cycle bull phases. 
In its bottom-line assessment, Bitwise stops short of price targets but leaves 
little doubt about direction: as long as geopolitical détente, trade 
breakthroughs and an accommodative Fed converge with relentless ETF inflows, 
“a decisive return in global risk appetite” is likely to keep Bitcoin on an 
upward trajectory. Should US spot ETFs secure just three more sessions of net 
inflows this week—surpassing their 2024 record—the firm suggests the market 
may discover how quickly a supply-constrained asset can react when the macro 
wind blows at its back. At press time, BTC traded at $106,840. Featured image 
created with DALL.E, chart from TradingView.com

Bitwise Just Sounded The Alarm—Bitcoin Could Explode Soon

Michael Saylor’s Strategy is set to deliver a staggering $14 billion 
unrealized profit in Q2, propelled by bitcoin’s surge and a pivotal accounting 
change that could cement his company’s place alongside Wall Street powerhouses 
like JPMorgan and Amazon. What began as a struggling software firm has evolved 
into a dominant crypto-centric powerhouse under Saylor’s bold […]

Strategy Set to Book $14B Bitcoin Gain as Saylor’s Bet Shakes Wall Street

Figma’s board also recently approved a $30 million acquisition of spot 
bitcoin, which will be purchased at some point in the future. Figma’s SEC 
Filing Reveals Major Bitcoin ETF Position Worth $70M Software giant Adobe had 
positioned itself to acquire smaller competitor Figma in 2022 for $20 billion. 
But that move was struck down by […]

Design Firm Figma Reveals $70M Bitcoin ETF Stash in IPO Documents

MicroStrategy has just added another 4,980 Bitcoin to its stash, spending 
about $531 million at an average of $106,801 per coin. That brings the 
company’s total haul to 597,325 BTC. Related Reading: Crypto Bombshell: 
Developer Claims XRP Could Hit $20,000 At today’s market price, those holdings 
are worth over $64 billion, compared with the roughly $42.4 billion 
MicroStrategy (now Strategy) has put in, fees included. According to the June 
30 filing with the US Securities and Exchange Commission, Strategy &#8211; led by 
billionaire Michael Saylor &#8211; is sitting on nearly $21.6 billion in unrealized 
gains. Strategic Bitcoin Push Strategy bought its latest batch during the week 
ending June 29. The firm has already snapped up 88,062 BTC worth nearly $10 
billion so far this year. Back in 2024, the company picked up 140,538 BTC at a 
cost of $13 billion. Company data shows a Bitcoin yield of almost 20% 
year‑to‑date, with 7.8% gained in the second quarter alone. That edges 
Strategy closer to its goal of a 25% yield by the end of 2025. Strategy has 
acquired 4,980 BTC for ~$531.9 million at ~$106,801 per bitcoin and has 
achieved BTC Yield of 19.7% YTD 2025. As of 6/29/2025, we hodl 597,325 $BTC 
acquired for ~$42.40 billion at ~$70,982 per bitcoin. $MSTR $STRK $STRF $STRD 
https://t.co/xvWnSkfukS — Michael Saylor (@saylor) June 30, 2025 Corporate 
Treasury Trend Strategy now controls almost 3% of all the Bitcoin ever mined 
out of the 21 million cap. That dominance has inspired 134 publicly traded 
firms to follow suit, adding Bitcoin to their corporate treasuries. Recent 
adopters include Twenty One, US President Donald Trump’s media firm Trump 
Media, and GameStop. In Japan, Metaplanet added 1,005 BTC this week to bring 
its total to 13,350 BTC. Over in Europe, The Blockchain Group bought 60 BTC, 
lifting its holdings to 1,788 BTC valued at around €161.3 million. 🟠 The 
Blockchain Group has acquired 60 BTC for ~€5.5 million at ~€91,879 per bitcoin 
and has achieved BTC Yield of 1,270.7% YTD, 69.3% QTD. As of 6/30/2025, $ALTBG 
holds 1,788 $BTC for ~€161.3 million at ~€90,213 per bitcoin⚡️@_ALTBG Europe&#8217;s 
First Bitcoin Treasury Company… https://t.co/BmcqZzvfoz — Alexandre Laizet ⚡️ 
(@AlexandreLaizet) June 30, 2025 New Trading Products Arrive Cryptocurrency 
exchanges are racing to meet all this demand. On June 28, Gemini rolled out a 
tokenized version of Strategy stock for investors in the EU. That marks the 
exchange’s first tokenized equity offering in that region. Shares of Strategy 
have climbed nearly 5% over the past month, trading around $391, according to 
Google Finance data. Related Reading: Insane Or Insightful? VC Firm Says XRP 
Could Reach Nearly $9,000 In Just 5 Years Price Resistance Looms Bitcoin 
itself has been holding near $108,000. It rose as much as 3% over the weekend 
to hit $108,798. Some traders, like MN Capital founder Michael van de Poppe, 
expect a brief pullback before BTC tries to breach $109,000. That level sits 
on the four-hour chart as a clear resistance point. Data from CoinGlass shows 
nearly $50 million in liquidity stacked at $109,500. If Bitcoin can clear the 
$110,000–$112,300 zone, it could trigger a short squeeze that pushes prices 
into fresh record territory. Featured image from Unsplash, chart from 
TradingView

Michael Saylor Drops $500 Million On Bitcoin—What’s His Next Move?

American Bitcoin, a crypto venture backed by Eric Trump, has raised $220 
million from private investors to purchase bitcoin and mining equipment, with 
plans to go public via a merger with Gryphon Digital Mining. Crypto Firm 
American Bitcoin Goes Big With New Raise Amid Plans for Public Listing A 
crypto venture connected to the Trump […]