Aave's "Adjustment of V3 Multi-chain Deployment Strategy" temperature check vote has passed, and a follow-up ARFC proposal will be released soon.

June 20 – Tom Lee, chairman of BitMine (Ethereum’s largest treasury), told CNBC in an interview that investors overreacted to the recent Federal Reserve policy meeting. The new Fed chair, Kevin Warsh, has a distinct communication style and plans to monitor economic data in a more modern, real-time-focused manner, Lee explained. The market interpreted the Fed’s removal of forward guidance and adjustments to its dot plot as a hawkish pivot, but Lee argues this is Warsh signaling reliance on modern alternative data to assess inflation—not a clear, fixed policy stance right now. Lee called the meeting’s outcome actually market-friendly, noting investors should understand the dot plot will shift quickly as economic data evolves. Overall, he views the meeting as “quite dovish.” On the S&P 500’s outlook, Fundstrat expects a sudden market swing later this year that would feel like a bear market. Still, Lee stopped short of naming an official market top, pointing to the current favorab

Bitwise analysts said in a June 20 update that despite lingering hawkish risks from the Federal Reserve, Bitcoin’s valuation remains in a historically undervalued range. The Bitcoin Mayer Multiple has dropped below 1.0—a level that has historically correlated with long-term accumulation phases—indicating BTC carries "deep value" characteristics, per the firm. That said, investor participation in crypto stays low. CryptoQuant’s Realized Cap HODL Waves indicator has been in bear market territory since late October 2025, signaling a steady slowdown in new capital flowing into the Bitcoin network. As of June 17, the indicator’s 7-day and 59-day moving averages have fallen from roughly 70 in the fourth quarter of 2025 to 13.9 and 19.1, respectively. Bitwise also highlighted that Bitcoin’s valuation is significantly discounted compared to AI-focused stocks like NVIDIA, while those AI stocks boast notable premiums over their long-term trend levels. Meanwhile, potential funding or IPO deals

June 20: Aave founder Stani Kulechov revealed that Aave V4 has the potential to overhaul the on-chain securities financing market, labeling this space as one of Wall Street’s largest but most under-the-radar sectors. Securities-backed lending is already a multi-trillion-dollar industry, per Kulechov: the U.S. repo market boasts an average daily outstanding of around $12.6 trillion, margin lending hits $1.3 trillion, wealth management securities-backed lending exceeds $400 billion, and the securities lending market holds roughly $46 trillion in lendable assets—with projected revenue set to hit a record $15 billion by 2025. Aave V4 operates on a "Liquidity Hub + Modular Market" framework: base-layer liquidity is shared across the system, while top-layer markets are segmented by distinct risk parameters, asset sets, and governing rules. The platform supports three core securities financing use cases: securities-backed lending (where tokenized securities serve as collateral to borrow GHO

June 20: Venus Protocol has rolled out tokenized stocks (branded bStocks) collateralized lending on the BNB Chain. The new functionality lets users deposit on-chain U.S. equities—including TSLAB, NVDAB, and SPCXB—into the Venus Core Pool as collateral to borrow assets such as USDT and USDC, all while retaining exposure to stock price movements without selling their holdings. This marks Venus’s first support for tokenized stocks as collateral assets. With bStocks now part of its on-chain liquidity market, tokenized stocks join existing offerings like BTC, ETH, BNB, and stablecoins. Following prior additions such as XAUm, Venus is expanding its on-chain collateral range to include stock assets, driving deeper integration between real-world assets (RWA) and decentralized finance (DeFi).

On June 20th, THORChain released an event update noting the network has entered the final stage of its recovery. Right now, the team is validating the integrity of every node’s keyshare via the new KeyVerify protocol—this critical step is meant to confirm each vault is in a secure state before churn gets underway. If the validation goes successfully, the next major milestone will be churn, where the network will transfer all funds to new vaults. The length of churn is the key variable here, ranging anywhere from hours to days. Once churn is complete, subsequent steps are expected to move quickly: re-enabling Secured and Trade assets, LP operations, and finally restoring full trading functionality. This network recovery took longer than initially anticipated because the team has consistently prioritized security and stability above all else. Further updates will be shared regularly as they become available.

June 20 – Nasdaq-listed Bitcoin mining firm Bitdeer shared its latest Bitcoin holdings update on social media platform X. For the week ended June 19, the company mined 218.1 BTC and sold the exact same amount, resulting in a net addition of zero Bitcoin. As of now, Bitdeer holds no BTC reserves.