Weekly: Bitcoin's New Move, Binance Storm in the EU, and Taiko Hack

While the first cryptocurrency tries to find its direction, altcoins are showing the first signs of life, and the regulatory landscape in Europe and the US continues to storm. We have gathered the top crypto market events of the week that you might have missed.

Bitcoin: The Battle for $60,000 and Polar Forecasts

Charts Continue to Ride the Roller Coaster

The week for the first cryptocurrency was marked by increased volatility within a broader sideways trend. On June 22, BTC broke through the $65,500 mark, but just two days later, it tested levels below $60,000. A local bottom was recorded at $58,000, after which the asset began a gradual recovery. Currently, Bitcoin is trading around $60,200.

Bears Threaten with Capitulation, Bulls Await $1 Million

Analysts' sentiments are divided into two radical camps:

• Too Early to Rejoice (Doctor Profit & CryptoQuant): Popular analyst Doctor Profit believes the final bottom is still ahead. In his view, a true reversal will not happen without a high-profile bankruptcy of a major player (like FTX or Celsius) and the final capitulation of miners. The forecast is a drop to $54,000–$56,000, and in a worst-case scenario, to $40,000. CryptoQuant agrees: their indicator Bitcoin Cycle Momentum is in the contraction zone (-30).
• Institutional Optimism (Grayscale & BlackRock): Grayscale believes that BTC has significantly lagged behind the stock market due to fears of tight Fed policies. If the rate is not increased, crypto will quickly make up for lost ground. Meanwhile, BlackRock officially recommends allocating 1–2% of an investment portfolio to BTC for diversification.
• A Bet on $1,000,000: Blockstream CEO Adam Back is so confident that BTC will reach $1 million by the end of the current halving cycle (2028) that he has already made a public wager.

Long-term forecast: BTC.TOP mining pool head Jiang Zhuoer and analyst PlanB look even further ahead—they expect a global bottom to form around $42,000–$53,000 only at the end of 2026.

Ethereum and Altcoins: Restructuring and Altseason Signals

Ethereum Foundation Cuts Staff by 20%

The organization announced the layoff of 54 employees as part of a treasury restructuring. The team was divided into specialized clusters (protocol, access, community, etc.).

In parallel, Ethlabs was launched—an independent, non-profit R&D laboratory aimed at turning Ethereum into a global settlement layer for the digital economy. The initiative has already been supported by BitMine, SharpLink, SNZ Holding, and over 50 top representatives of the crypto community.

Is Altseason Close?

Glassnode analysts recorded the transition of the Altcoin Cycle Signal indicator into the green zone. Selling pressure on altcoins has significantly decreased, which historically precedes the start of a rally. However, experts urge caution, as other market metrics do not yet confirm a full reversal.

📈 Bold price targets:

• AAVE to $3,500: Standard Chartered Bank predicts a 50-fold growth for the DeFi token AAVE by 2030, driven by the real-world asset (RWA) tokenization trend.
• HYPE to $319: Multicoin Capital fund opened a large position in the Hyperliquid ecosystem token, targeting market capitalization by 2028.

Security and Incidents: Taiko Exploited for $1.7 Million

L2 solution Taiko suffered a serious attack—the network state verification mechanism was compromised, putting all ecosystem bridges at risk. Losses have already exceeded $1.7 million.

Cause of the failure: As reported by Ledger CTO Charles Guillemet, Taiko developers accidentally exposed a private RSA key in a public repository on GitHub. Users are urged to immediately withdraw funds from the bridges.

Regulation and Geopolitics

• US Bans CBDC Until 2031: The US Senate passed a bill that explicitly prohibits the Fed from issuing or developing a digital dollar (CBDC) until at least December 31, 2030. The document now goes to Donald Trump for signature.
• Europe Approves Digital Euro: While the US blocks central bank digital currencies, the European Parliament Committee approved the legislative framework for creating a digital euro. The ECB plans to launch a pilot as early as 2027.
• Binance and European Licenses: Binance exchange withdrew its MiCAR license application in Greece, calling it a strategic move to re-register in another jurisdiction (likely France). Meanwhile, the FT reports that the company advised some EU clients to withdraw assets just in case.
• Scandal Around CoinEx: TRM Labs accused CoinEx exchange of receiving over $3.84 billion from Iranian platforms, bypassing sanctions. CoinEx leadership denies all allegations and claims data manipulation by analysts.