Oh the mining vibes are turning all shadowy and tight across those big proof-of-work chains with fresh numbers from Alphractal showing total stagnation and crummy returns 🖤.
Miners keep holding the line for network safety and spread but the info screams that profits stay brutal no matter the coin.

Shadows Creeping on the Miners 🌑

Alphractal’s Mining Equilibrium Index stacks the 30-day average miner revenue per hash against the full 365-day baseline where anything above 1.0 means sweet profits and below 0.5 spells real pain 🔮.
Bitcoin leads the pack at 0.75 yet even that top spot feels more like a faint glow than a win.
Bitcoin Cash sits at 0.66 while Dogecoin lands on 0.60 and Litecoin drags at the bottom with 0.58.
Still Bitcoin’s lead does not spell easy times as the difficulty just slid over 10 percent in one of the year’s biggest drops with hash rate falling from over 1.2 ZH/s down below 790 EH/s this cycle.
Alphractal notes the whole scene now hinges on capital access smart ops and endless patience.

Miners Dumping Their Hoards 🕷️

Public Bitcoin miners have been offloading holdings at the quickest clip since the last bear run with over 32,000 BTC sold by names like MARA CleanSpark Riot Cango Core Scientific and Bitdeer just in the first quarter of 2026 which crushed the entire 2025 total combined.
That volume even topped the roughly 20,000 BTC dumped during the wild 2022 Terra collapse.

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Just another echo from the void by iconofsin.eth 💖

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Virell Trade has officially launched Stabliq Wallet a secure non-custodial crypto wallet built for stablecoins on Ethereum and TRON networks. It gives users full control over storing transferring and swapping major tokens like USDT and USDC with enhanced security and smooth access in the DeFi space 🖤.

The app targets both big institutional managers and new retail users stepping into Web3 by cutting down on typical DeFi headaches through smart design.

Key Infrastructure and Technical Features Include 🌙

Gasless Ethereum Token Swaps let you exchange tokens right inside the app on Ethereum without needing any ETH for gas fees using clever routing. Non-Custodial Security Framework keeps everything zero-trust so only you hold the private keys with Face ID password protection and seed phrase recovery added. Multi-Account and Multi-Network Integration supports multiple wallets seed phrase imports and unified tracking across chains. Operational Workflow Optimization adds an address book transaction history custom tokens and QR codes for quick moves.

Stabliq Wallet focuses on Ethereum plus TRON the top networks for stablecoin volume to deliver fast secure low-cost management.

“Stabliq Wallet uses a non-custodial architecture meaning users have full control over their private keys. Security features include Face ID password protection and seed phrase backup” the company stated.

About Virell Trade 🕸️

Virell Trade is a digital asset firm based in Ras Al Khaimah UAE focused on building secure Web3 tools decentralized finance apps and blockchain solutions for the global economy. Check the official Stabliq Wallet platform for details.

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[PRESS RELEASE – Grand Cayman, Cayman Islands, June 23rd, 2026]
Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.
Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.

Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely. Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.

But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.

Hashi’s Bold Vision For Bitcoin DeFi 🦇

“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn’t seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”

Institutional Grade Structures For Btc Backed Products 🌙

Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui.

Fresh Powerhouses Join The Coalition 🖤

Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:
– Cumberland: One of the digital asset industry’s largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning.
– SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending.
– Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid’s participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui.

These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.
“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”
“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”
“The next phase of the industry’s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,” said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid’s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”

These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi.

Custody And Wallet Access Partners

– BitGo: Institutional custody clients.
– Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers.
– Cubist: Cross-chain collateral infrastructure and transfer engine.
– Ledger: Retail/institutional self-custody.
– SwissBorg: UHNW European retail/institutional asset management and wallet interface.

Lending Trading And Liquidity Allies

– Bullish: Institutional digital asset platform supplying liquidity.
– Cumberland: Leading institutional crypto market maker and liquidity provider.
– Erebor: OCC-chartered bank providing liquidity.
– FalconX: Institutional prime brokerage supplying liquidity.

Defi Lending Applications Ready

– AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one.
– Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system.
– Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending.

Vaults And Asset Management Options

– Concrete by Blueprint Finance: Yield-infrastructure vault platform.
– Inveniam Capital: Real-World Asset (RWA) yield strategies.
– Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds.

Index Oracle Insurance And Security Support

– CF Benchmarks: Crypto index provider distributing pricing data via oracles.
– Soter Insure: Native, Bitcoin-denominated institutional insurance.
– Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors.

The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release. Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi.

About Sui

Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io.

Contact: media@sui.io

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Just another echo from the void by iconofsin.eth 💖

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Over the past week bitcoin traded between 62000 and 72000 dollars. Despite the bullish signals staying unfulfilled the leading digital asset still clung tightly to its floor.
Analysts at the crypto exchange Bitfinex revealed in their latest report that shifting fed expectations and inflation risks are reshaping the market. These elements added near term pressure on assets like gold and btc yet its floor held strong.

Btc Stays In The Shadows 🌑

On chain metrics reveal bulls and bears lack firm control. Trading within the 62500 to 72000 consolidation zone leaves the market in limbo instead of a sustained bearish phase. Bitfinex analysts noted two bullish tests for an uptrend on lower timeframes both of which failed. A sustained spot etf bid and derivatives funding shifting negative never materialized.

Tenuous Growth Prospects 🕷️

Opposing forces tug at sentiment around inflation with softening energy risks from a potential u.s. and iran peace deal clashing against the fed focus on persistent heat rather than crude relief. Btc holding its floor requires the fed to maintain nerve according to experts. How the market shifts until then remains unclear.
Etfs currently highlight the market indecisiveness with these products failing to spark a bullish trend and shifting into net redemptions. Overall etf volumes dropped markedly though not enough to confirm a bearish outlook leaving them in limbo too. From a structural view btc sits below the active investor cost basis with the 68500 to 72000 zone acting as overhead supply. Further compression toward 62000 to 64000 or broader swings between 60000 and 70000 loom ahead. As control tips toward bulls or bears the 68500 to 72000 range should serve as key resistance where recent buyers sit at losses and may sell at break even. Btc now eyes three critical levels the 54000 foundational floor the 72000 break even for recent buyers and the 77200 hurdle for short term holders 🖤✨

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This shadowy explorer struck Jaredfromsubway’s Ethereum MEV bot and funneled millions straight through Tornado Cash even after the operator dangled half the haul back as a white-hat bounty. The move hints the exploiter might skip negotiations altogether despite reward chats and recovery hints floating around.

Beating the Bot at Its Sneaky Game 🔮

PeckShield traced the June 20 hit that pulled 1474 WETH plus 2.87 million USDC and 2 million USDT without cracking any code. Blockaid later showed the culprit spun up fake wrapper tokens like fWETH fUSDC and fUSDT then paired them with bogus liquidity pools that tricked the bot’s scans into seeing fat MEV chances. The bot did its usual thing by spotting the juicy trades and handing token approvals to the attacker’s helper contracts. Early tests burned those approvals without raising flags.

Reaching Out to the White Hats 🌑

Later steps built persistent approvals on the bot’s holdings until the attacker drained WETH USDC and USDT via standard transferFrom calls. Crypto researcher RaFi called the whole play a masterclass in on-chain social engineering 🕸️. The operator fired back with a 1 million dollar reward for the funds plus 50000 dollars for tips on the attacker then bumped the bounty to 3 million under a short deadline promising silence. When nothing came they sent an on-chain note offering 2150 ETH or roughly half the take with 48 hours to reply or legal moves would follow. Fresh reports show the attacker already routed 2000 ETH worth 3.4 million through Tornado Cash sold another 1422 ETH for 2.4 million DAI and left just 5 ETH behind. The bot runner noted a self-described white-hat crew reached out for ongoing talks though nothing is locked yet. Some devs explore encrypted mempools like Aptos proposed to shield transactions from front-running.

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Just another echo from the void by iconofsin.eth 💖

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XRP slipped nearly 10% over the past week while shaking off recovery tries. The token now lingers near $1.11 after a 2% drop on Tuesday. 🦇

XRP’s Path to Growth 🖤

EGRAG CRYPTO noted that XRP’s central line has long marked the shift from quiet hoarding to sharp rallies. Earlier cycles showed hefty climbs once price crossed it, leading to two fresh upside goals this round.

View tweet on X

The line currently floats above spot price and may drift toward the $2.20-$2.60 zone ahead. Targets stem from past percentage jumps past this marker, not today’s levels. One prior run delivered roughly 330% gains above it, while another hit 200%. Their average points to 265% expansion, landing near the $8 area. A milder path sees only 60% of prior fire, equating to 120% above the line and a $5.70 goal.

Upbit Steps Up 🔮

Separate figures from CryptoQuant show whale transfers to Binance easing, hinting at softer near-term sell pressure. XRP still sits below the McGinley Dynamic, so reclaiming that line stays key for any real bounce while $1.08 holds as vital support. Check the data. Activity has swung toward Upbit, with its net wallet-flow share climbing from 13% on June 8 to 37% by June 22, the highest in over a year. See the flows. Binance dropped to zero share and Crypto.com followed, leaving deposits clustered on the Korean platform.

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A strengthening US dollar might squeeze Bitcoin even tighter while institutions dump hard amid all the chaos and rising inflation 💀.

Dollar Rise Crushes Crypto Vibes 🕸️

The bear market kicked in right when the DXY bottomed out said Swissblock analysis on Monday. At first the dollar drop seemed to lift BTC but that reversal flipped the script. DXY tracks the greenback against other currencies. Once the index climbed back up liquidity dried out selling ramped up and the Risk Index jumped while Bitcoin’s setup crumbled. The dollar held steady and BTC attempted a bounce in April plus early May yet the boost faded quickly according to the analysts. BTC does not only need sellers to run out of pressure. It also needs the dollar headwind to stop strengthening. DXY reached its peak since May 2025 by crossing 101 again this week according to TradingView. The dollar has climbed 5.6% from the DXY low of 95.6 back in January. A firmer dollar points to tighter money flows which cuts cheap cash and drains liquidity so Bitcoin demand fades fast. It also makes holding cash or dollar assets look better especially if rates climb higher this year. Analyst Benjamin Cowen observed that BTC is trapped between the Bear Market Resistance Band and the 200-week simple moving average. A decisive move down later this year while initially scary would likely just set up the market cycle bottom for Bitcoin in Q4 2026 he said. Meanwhile Galaxy Research reported on Monday that on-chain distribution by five-year-plus Bitcoin holders has overwhelmed institutional absorption for the last four weeks adding more weight to the asset. This cycle has seen the most significant OG selling in Bitcoin’s history said CryptoQuant analyst Darkfost.

Onchain distribution by 5+ year bitcoin holders has overwhelmed institutional absorption for the last 4 weeks pic.twitter.com/hjA0n5uMOV

— Galaxy Research (@glxyresearch) June 22, 2026

BTC Price Path Looks Down 🦇

Bitcoin hit an intraday high of 65468 on Monday its highest price for five days but it could not push further slipping back below 64000 during the Tuesday morning Asian trading session. Volume and liquidity keep tightening so BTC stays pinned around these levels yet with extra pressure from the stronger dollar the easiest route points downwards.

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Just another echo from the void by iconofsin.eth 💖

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