Allium analysts identified five large profitable short positions in $ZEC on Hyperliquid, worth more than $72 million in total, opened on 25–26 May — several days before a vulnerability was found in the Orchard pool.

Cryptocurrency

Institutional Bitcoin reserves are growing: the top 100 holders account for 1,258,090 $BTC, with Strategy leading the list with a massive position of 845,256 $BTC.

Exchanges

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that it will shut down its Binance $NFT service on 3 July. The exchange explained the move by its desire to “shift focus to Web3 services” and develop its own non-custodial wallet, Binance Wallet.

According to Santiment, the number of wallets on the $XRP Ledger holding at least 10,000 $XRP has reached a record high of 332,230. This milestone marks the continuation of a steady accumulation trend that began in June 2024, despite the fact that $XRP is still trading roughly 60% below its all-time high.

The privacy-focused crypto project promises to achieve full post-quantum status within the next 1.5 years. Zcash will release crypto wallets protected against quantum hacking within a month and aims to achieve full post-quantum status within 12–18 months. This was announced by Josh Swihart, founder and CEO of Zcash Open Development Lab, during his speech at Consensus Miami, according to CoinDesk.

Bitget Wallet, a non-custodial wallet platform with over 90 million users worldwide, is integrating with Polymarket, a prediction market platform, according to Investing.com.

Binance, the world’s largest cryptocurrency exchange, is preparing to enter the prediction market sector. According to recent reports, Binance Wallet has announced the launch of its prediction market service. This means Binance is testing a prediction market feature within its app and joining a growing list of crypto exchanges entering this emerging sector.

OKX stated that the integration allows users to deposit assets, take collateralized loans, and earn interest directly within the wallet. There is no need to create a separate wallet or use bridges.

The growing popularity of digital assets has forced crypto platforms to adapt and create new insurance products. However, the solutions offered by companies are usually not full-fledged insurance, but rather limited guarantees with highly specific compensation conditions, reports Bloomberg.

Other

Trust Wallet, one of the largest non-custodial wallet providers with 220 million users, will allow AI agents to independently execute swaps and trading operations across more than 25 blockchain networks.

Cryptocurrency exchange Bybit has started blocking accounts of users from Russia. The restrictions affected around ten addresses holding a total of more than 50 million rubles. The largest blocked account contains over 500,000 USDT.

Other

American banking giant Morgan Stanley, which manages about $9 trillion in assets, has revealed its plans regarding Bitcoin. According to Decrypt, Morgan Stanley plans to offer clients specialized custody and trading services for Bitcoin.

The number of large Bitcoin holders is increasing despite falling prices, which may indicate an accumulation phase. According to blockchain analytics platform Santiment, the number of wallets holding at least 100 $BTC is approaching 20,000. The growth of large addresses occurs during periods of market uncertainty when retail investors become more cautious and reduce exposure. Analysts note that such behavior has historically often preceded price recovery.

The American exchange Coinbase has developed cryptocurrency wallets for AI agents called Agentic Wallet. The new crypto vaults allow applications based on artificial intelligence technology to store and transfer stablecoins, as well as use them to purchase other digital assets on the Ethereum layer-2 network Base, created by Coinbase.

According to a joint statement, owners of new Redmi Note, Poco, and fourteenth-generation Xiaomi smartphones, as well as future models, will be able to access most decentralized Web3 applications without installing anything additional.

Since the Bitcoin network launched in 2009, the number of unique addresses holding more than 0.1 BTC had been increasing every year until 2023. However, over the past 24 months this trend has slowed dramatically.