Data: Web3 social application Towns has over 400,000 total users, with over 200,000 token holders

On June 25, 2026, the U.S. Treasury Department repurchased $2 billion of its own debt, targeting Treasury bonds maturing between 2046 and 2056, with the aim of boosting bond market liquidity. Analysts note that the total bid amount for the operation reached $21.3 billion, yet only $2 billion was accepted—a signal of weak demand, though the scale is negligible relative to the U.S.’s overall debt.

According to analyst Alicharts, Bitcoin's apparent demand has remained negative for 208 consecutive days, recently falling to -273,000 BTC, indicating its accumulation phase has stalled for seven months. The apparent demand metric gauges actual spot demand by comparing newly issued Bitcoin from miners to flows of existing inventory; a negative value means older coin supply is entering the market faster than buying absorption. When apparent demand is negative, it signals a large volume of old supply is entering circulation at a quicker rate than the spot market can absorb. This mismatch shows selling pressure exceeds new capital inflows, creating heavy upside resistance for Bitcoin's price.

CryptoQuant analyst Darkfost reports that all Ethereum whale groups are currently in unrealized losses, covering three cohorts: holders of 1,000–10,000 ETH (-0.26), 10,000–100,000 ETH (-0.21), and those with over 100,000 ETH (-0.05). This is the first time such a scenario has occurred since 2019; even during the 2022 bear market, the largest whale cohort remained profitable. Data shows the whales’ unrealized profit margin has turned negative and stayed that way for several weeks. Darkfost notes this situation tests the whales’ conviction, and historically, such a condition often signals a market bottom.

According to Bitget market data, Japanese and South Korean stock markets closed on Friday: The Nikkei 225 index fell 3005.46 points, or 4.15%, to 69360.88 points. South Korea’s KOSPI index dropped 519.1 points, a 5.81% decline, closing at 8411.2 points after plunging nearly 9% intraday. SK Hynix closed down more than 8%, while Samsung Electronics fell over 5%. Additionally, South Korea’s KOSPI index posted a 7.1% weekly loss, marking its largest weekly drop since early March.

According to Bitget market data, Micron Technology (MU) hit an all-time high on Thursday after releasing better-than-expected earnings, driving total contract trading volume across multiple platforms to $4.609 billion in the past 24 hours, with overall trading volume rising 4.99% over the period. Breakdown by major platforms: Binance’s MU perpetual contract trading recorded a 24-hour volume of $2.449 billion, with open interest down 8.37%; Hyperliquid ecosystem trading platform trade.xyz saw MU’s 24-hour volume reach $602 million, open interest falling 12.44%; OKX’s MU perpetual contract trading hit $956 million in 24 hours, open interest down 5.42%; Bitget’s MU perpetual contract trading posted a 24-hour volume of $234 million, with open interest down 14.18%. Additionally, Coinglass data shows global open interest for MU contracts dropped 9.47% over the past 24 hours to $565 million.

According to an official announcement, Bithumb will list the Archium (ARX) KRW trading pair.