😅 Kraken Negotiates 15% Stake in Aave

Kraken is negotiating to acquire a 15% stake in Aave at a $385 million valuation. The deal involves 35,000 ETH for 250,000 AAVE tokens and 15% of Aave Group shares, about $71 million. Part will be syndicated.

Earlier this year, Aave suffered a hack where attackers minted $292 million in unsecured rsETH, withdrew real assets, leaving a $190–230 million debt. After the deal news, AAVE price rose 9%.

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⚡️ JUST IN: OpenAI will stagger the release of GPT 5.6 at the request of the U.S. government, which will review who can access the preview.

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Bitcoin is pumping hard in Australia

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📈 Grayscale Highlights Undervalued On-Chain Projects

Grayscale released a list of the top 15 on-chain protocols by revenue, stating that many appear fundamentally undervalued. The list includes HYPE, PUMP, AAVE, UNI, RAY, CAKE, JUP, LDO, ETHFI, WLD, and MET.

Analysts believe the potential passage of the CLARITY bill could be a key catalyst for the DeFi, RWA, and on-chain finance sectors in the coming weeks.

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Dave Portnoy said Bitcoin is "going to zero" and challenged BTC enthusiasts to explain why skeptics calling it a scam are wrong, as it currently looks that way.

Portnoy, founder of Barstool Sports, is known for bold market statements and has actively invested in crypto.

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⚡️ JUST IN: STRATEGY's $STRC hits a new all-time low.

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☠️ 70% of Tokens on Pumpfun Stop Trading at Launch

Analysts at CoinGecko found that around 70% of tokens on the Pumpfun platform cease trading on their launch day. Researchers examined 18.6 million assets created from January 2024 to June 2026, with 12.8 million (68.6%) recording their last trade on release day.

Within the first two days, 80% of all launched coins stopped activity. Only 4.5% of assets traded beyond three months.

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📉 PlanB Predicts Bitcoin May Drop Below $53,000

PlanB, creator of the Stock-to-Flow model, believes Bitcoin is likely to form a bottom below its Realized Price, currently around $53,000.

He notes that in previous bear cycles, Bitcoin always fell below this level. The current Realized Price closely matches the 200-week geometric moving average, which PlanB sees as a key zone for bottom formation.

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"Hi mom, is my room still available ? Yes mom, the bull run was delayed again "

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Cardano was the third largest cryptocurrency with a market cap of $101 billion, now down 95% from its all-time high and valued at $5.2 billion.

Polkadot was the fourth largest cryptocurrency with a market cap of $60 billion, now down 98% from its all-time high and valued at $1.45 billion.

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if you didn’t end up where you wanted to be after the last bull run, there’s a silver lining which nobody can take away from you

there are few people who truly make it during their first bull run - it takes many strokes of luck to make it out alive on your first time

what's coming for you does not come easy.

whether you roundtripped or overtraded: every single trade, win & mistake contributed to building your intuition & the future you which does make it

whilst it's true that only some of us will make it, I believe 'some' is those who never gave up despite everything being stacked against them

godspeed, soldier.

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...

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CryptoPunk #4441 sold for 278 ETH ($438,893).

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Michael Saylor freaks out after being asked where his $MTSR money will come from.

He is currently down a record $16 billion from his failed Bitcoin experiment.

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US-Iran ceasefire is broken after a drone attack on tanker M/T Kiku in the Strait of Hormuz, prompting US to launch massive strikes on Iranian targets.

With US stock markets closed for the weekend, the 24/7 crypto market took the full panic hit, sending Bitcoin below $60,000.

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US and Iran have agreed to discuss strikes and will meet this week.

The announcement was made just one hour before US stock market futures were set to reopen.

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Real

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X has launched the payment service X Money for some Premium+ users in the US.

The early beta test has already been sent to users, offering FDIC insurance coverage up to $10 million.

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🪙 Grayscale Urges Strategy to Sell $3B in Bitcoin

Grayscale research head Zach Pandle urged Strategy to sell at least $3 billion in Bitcoin to cover most of its cash obligations over the next two years and restore market confidence in its capital structure.

In its latest 8-K filing with the SEC, Strategy reported a dollar reserve increase of $300 million to $1.4 billion, enough to cover about 14 months of dividends on its preferred shares STRC with an annual commitment near $1.2 billion.

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⚡️ JUST IN: Bybit will immediately stop offering crypto trading services to all users in the European Economic Area and directs clients to its MICA-licensed EU entity.

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