In the latest crypto updates (June 19), Bitcoin has dipped by another -2% overnight, falling beneath $64,000, as ETF movements show continued outflows. Additionally, Michael Saylor’s STRC stock is experiencing a significant decline, raising concerns that Strategy might need to offload Bitcoin to maintain STRC’s price stability.
Liquidations have surged, with over $452 million in the last 24 hours. Alarmingly, $361 million of this amount stems from long positions. As long positions dominate daily liquidations, this indicates a return to a downward trend, although some optimistic traders remain unaware of the shift.
While most of the cryptocurrency market is showing red today, Stellar (XLM) and Algorand (ALGO) have managed to buck the trend, rising by +7.5% and +5%, respectively. The prevailing uncertainty in the market has led to a drop in trading activity, with volumes decreasing to $86 billion in the past 24 hours, down from approximately $110 billion just a few days prior.
The Fear & Greed Index indicates a shift in investor sentiment, falling to 14/100 from 22/100 on Wednesday. These figures remain firmly entrenched in ‘Extreme Fear,’ with recent price fluctuations not lifting the index from this state.
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Current Crypto News: Kalshi Considering IPO, Now Valued at $22 Billion with Annual Revenue of $2 Billion
The prediction-markets platform Kalshi has reportedly started preliminary talks with investment banks regarding a potential initial public offering (IPO), coinciding with substantial company growth.
As per a report from The Information, which referenced anonymous sources, Kalshi has engaged in informal discussions about going public. The report highlights that Kalshi’s annual revenue has exceeded $2 billion, a notable rise from the $1 billion figure reported in March.
In May, the platform raised $1 billion in a Series F funding round, bringing its valuation to $22 billion. This funding round was led by Coatue, with notable participation from firms such as Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest.
Kalshi and its rival, Polymarket, are the dominant players in the prediction markets arena. According to data from The Block, Kalshi’s monthly trading volume reached $16.81 billion in May, up from $14.81 billion in April. Meanwhile, Polymarket’s trading volume fell to $7.08 billion last month from $9.01 billion in April.
G7 Leaders at the Summit Address North Korean Cryptocurrency Hacking
In additional crypto updates, the recent G7 summit statement voiced serious concerns about North Korea’s nuclear and missile activities, highlighting cryptocurrency theft as a critical security threat.
Although specific measures were not announced, the leaders left the possibility open for future actions, including tighter regulations on exchanges, expanded sanctions, greater scrutiny of mixing services, and enhanced collaboration with blockchain analytics companies, according to Cointelegraph.
This statement builds on the G7’s position from the previous year. Following the June 2025 summit in Canada, the group’s chair encouraged members to tackle North Korean cryptocurrency theft that fuels the nation’s missile and nuclear programs.
The recent declaration extends the warning to encompass cybercrime more generally, indicating that governments now view the issue as broader than isolated cryptocurrency hacks.
This renewed emphasis follows several significant incidents believed to be connected to North Korean actors, including the $285 million exploit of Drift Protocol in April and the $36 million breach of Humanity Protocol in June.
BREAKING: G7 leaders make a joint appeal to curb North Korea’s billion-dollar Bitcoin and cryptocurrency theft.
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