Bitcoin price stuck as OGs are ‘dumping on Wall Street’: Analyst

Bitcoin ETFs are on a hot streak, pulling in billions of dollars for the third week in a row as investors keep betting big on crypto. With Bitcoin’s price staying stable and market optimism growing, these funds—especially the big players like BlackRock’s IBIT—are seeing steady demand. It’s a clear sign that institutional money isn’t backing off just yet.

Editor’s Note: Bitcoin ETFs have become a barometer for mainstream crypto adoption, and this sustained inflow suggests confidence isn’t just a flash in the pan. For everyday investors, it’s a signal that Wall Street’s embrace of Bitcoin is holding firm—even when the crypto market isn’t making wild headlines. That kind of stability could mean fewer boom-bust cycles down the road.

Cardano founder Charles Hoskinson teased a major upcoming summit that could shape the future of the blockchain—addressing governance disputes, solidifying a Bitcoin-focused DeFi plan, and potentially creating a centralized leadership body. The event, framed as pivotal for Cardano’s eight-year trajectory, suggests high-stakes debates lie ahead.

Editor’s Note: Cardano’s at a crossroads. Internal disagreements over how decentralized (or not) its leadership should be, plus strategic shifts toward Bitcoin-linked DeFi, could redefine the project’s direction. For crypto watchers, this isn’t just insider drama—it’s a test case for how major blockchains balance community input with decisive action.

Crypto exchange OKX just dropped its 32nd monthly reserve report, and it shows a notable dip in user holdings—especially for Bitcoin and Tether (USDT). Compared to last month’s numbers, the amounts held in customer wallets have taken a sharp dive. The report, dated June 14, highlights this decline, though OKX hasn’t yet clarified whether it’s due to withdrawals, market shifts, or other factors.

Editor’s Note: Proof-of-reserves reports are like a crypto exchange’s way of saying, "We’ve got your back"—showing they hold enough assets to cover user balances. A drop in holdings could signal users pulling funds (maybe due to market jitters or loss of confidence) or broader trading slowdowns. Either way, it’s worth watching, especially since OKX is a major player. If this trend continues, it might hint at bigger shifts in crypto investor behavior.

Malta is speeding up its approval process for crypto firms under the EU's new Markets in Crypto-Assets (MiCA) regulations—so fast, in fact, that critics are comparing it to ordering fast food. While the streamlined system aims to attract blockchain businesses, watchdogs worry it could sacrifice thorough oversight for speed, raising risks of lax compliance or even fraud.

Editor’s Note: Fast-tracking crypto licenses might boost Malta's appeal as a "blockchain island," but cutting corners on checks could backfire. If shady operators slip through, it could hurt investor trust and Malta’s reputation—just as the EU is trying to clean up crypto’s wild west image. Speed isn’t always better when it comes to financial rules.

ONDO, the token from Ondo Finance, is making a comeback after hitting its lowest point this year. It’s now inching toward a key price hurdle at $0.078, thanks to some positive updates behind the scenes. Traders are watching closely to see if it can break through.

Editor’s Note: For crypto investors, ONDO’s rebound could signal renewed interest or confidence in the project—especially if it clears that resistance level. It’s a small but notable move in a market where every rally (or drop) gets scrutinized.