Crypto Fear & Greed Index Rises to 23, Market Sentiment Shifts to "Extreme Fear"
June 20: Per Alternative Data, today’s cryptocurrency Fear & Greed Index is 23, climbing from yesterday’s 14—a shift that points to a reduction in the market’s “extreme fear” sentiment.
Note: The Fear & Greed Index spans 0 to 100 and combines six core indicators with the following weightings: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).
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Sonic Labs Announces Management Changes: Andre Cronje and Two Others Resign from Board, Matt Visser to Serve as CEO
**June 20 – Sonic Labs Board Reshuffle & New Leadership Focus on Operational Discipline & Trust Rebuilding**
Sonic Labs announced today that Michael Kong, Andre Cronje, and David Richardson have resigned from its Board of Directors. The three outgoing members will remain invested in Sonic’s long-term success but will fully transfer all operational responsibilities and step away from making management decisions for the organization.
The startup also unveiled its new leadership team: Matt Visser will serve as Chief Executive Officer (CEO), and Kosta Kourkoumelis will take on the role of Chief Operating Officer (COO). Unlike typical new leadership launches, the team’s top priority isn’t rolling out a new product roadmap—it’s refining operational consistency and rebuilding trust with the community.
“I’m not here to promise an immediate turnaround,” said CEO Matt Visser. “My plan is to make Sonic 1% better every day, and let those small, daily improvements compound over time.”
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Chainlink's non-circulating supply wallet has transferred 18.375 million LINK to Binance, equivalent to $144.93 million.
On June 20th, according to monitoring by Onchain Lens, a non-exchange supply wallet linked to Chainlink deposited 18.375 million LINK tokens into Binance, with a value of roughly $144.93 million.
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A whale has deposited 5900 ETH into Kraken, expecting to incur a loss of $9.8 million
On June 20, Onchain Lens monitoring reports that a crypto whale deposited 5,900 ETH into Kraken—worth roughly $10.03 million—incurring a $9.8 million loss. The whale originally withdrew 22,951 ETH from Kraken (valued at $48.95 million) and currently holds 17,051 ETH, which is approximately $29.11 million.
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Iranian Foreign Minister to Head to Switzerland on Saturday, US Envoy Already En Route
JUNE 20 – Per Axios, a U.S. official says that U.S. envoy Wietkoff is heading to Switzerland. The official notes that Jared Kushner, Trump’s son-in-law, is already in the country. Separately, sources indicate Iranian Foreign Minister Aragchi plans to travel to Switzerland on Saturday, though his plans could still change. Aragchi has informed several foreign ministers that a ceasefire in Lebanon is critical for Iran and “decisive” for U.S.-Iran negotiations.
Iranian officials emphasize they want the ceasefire to be fully implemented before their team travels to Switzerland. A source adds that negotiations may not start until no earlier than Monday, though the overall schedule remains subject to change. (FXStreet)
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Axelar Targeted in Attack, Around $4.67 Million in Tokens Stolen
On June 20, Axelar Network announced it has identified a security incident involving assets transferred from the Axelar Chain to Secret Network via the Inter-Blockchain Communication (IBC) protocol, leading to the theft of approximately $4.67 million in tokens.
Axelar says the issue is limited to the ICS-20 smart contract on Secret’s end within the Cosmos IBC connection linking the two blockchains—this contract is used exclusively for bridging assets from Axelar to Secret.
In response, Axelar’s emergency committee immediately disabled its Secret and Secret-SNIP connections, and the project is reaching out to relevant cryptocurrency exchanges and law enforcement authorities.
The incident is confined to assets bridged from Axelar to Secret via IBC; other IBC connections, Secret-native tokens, additional Axelar integrations, and the core Axelar protocol remain unaffected. The team is preparing a detailed post-incident analysis report.
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