Decentralized finance (DeFi) protocol Aave has bought back a total of 50,000 AAVE tokens over the past two months. The buybacks are part of the protocol’s $1 million weekly buyback plan. Aave Recovers 50,000 AAVE in Two Months: Treasury in Profit, Program Continues The protocol has spent $10 million in the process so far. With an average purchase price of $199.74, AAVE tokens are worth about $13 million based on the current market price of $264, representing an unrealized profit of about $3 million. Buyback Program Continues The buyback program, managed by the Aave community, is planned to continue at a weekly volume of $1 million for the first six months, bringing the total buyback to approximately $50 million annually. The program is also planned to be expanded in the future based on revenue growth. Since the start of the buyback process, the Aave DAO treasury has consistently hovered above $100 million, indicating that the protocol is financially stable and has a sustainable capital structure. Aave’s aggressive buyback policy is seen as part of its strategy to preserve its value and increase investor confidence by reducing its token supply. As the protocol continues to optimize its revenue models, all eyes will be on new developments to be announced in the coming weeks. *This is not investment advice. Continue Reading: Decentralized Finance (DeFi) Protocol Continues Implementing Its Buyback Plan! Here Is The Latest Buyback Amount!
BitcoinWorld Arizona Bitcoin Bill HB 2324: State Eyes Strategic Digital Asset Reserve Arizona is making headlines in the cryptocurrency world. A significant legislative development saw the state’s Arizona Bitcoin bill , officially known as HB 2324, successfully navigate a crucial hurdle in the Senate. This move signals a potential shift in how the state manages assets acquired through criminal proceedings, specifically those involving digital currencies like Bitcoin. Understanding Arizona’s HB 2324 The journey for HB 2324 wasn’t straightforward. After initially facing challenges, the bill was brought back for consideration through a specific procedural motion. This revival proved successful, leading to a narrow but pivotal 16–14 vote in the Arizona Senate. This outcome, as reported by Cointelegraph, allows the bill to proceed to the House for further debate and potential approval. At its core, HB 2324 proposes establishing a state digital asset reserve . This reserve would hold cryptocurrencies and other digital assets that have been seized by law enforcement through criminal forfeiture processes. Currently, seized assets are typically liquidated, but this bill opens the door for the state to retain the digital assets themselves. Why Consider a State Crypto Reserve? The concept of a State crypto reserve is relatively new territory for most jurisdictions. Proponents of such a reserve highlight several potential advantages: Potential for Appreciation: Holding assets like Bitcoin offers the possibility of value increase over time, potentially yielding greater returns than immediate liquidation. Avoiding Liquidation Costs and Complexity: Selling seized cryptocurrency can be a complex and costly process, involving exchanges, wallets, and compliance procedures. Holding the assets directly bypasses these steps. Maintaining Asset Diversity: A digital asset reserve could diversify the state’s holdings, adding a new class of assets to its portfolio. Flexibility: Holding the assets provides flexibility for future decisions, whether that’s eventual sale, use for specific state purposes (if legally permitted), or continued holding. This approach reflects a growing recognition among governmental bodies that digital assets are becoming a fixture in the financial landscape, and mechanisms are needed to manage them effectively, especially when they are involved in illicit activities. Navigating the Challenges of Arizona Digital Asset Management While the potential benefits are clear, establishing an Arizona digital asset reserve also comes with significant challenges and considerations. Managing volatile assets like Bitcoin requires specialized expertise and robust infrastructure. Key challenges include: Volatility Risk: The value of cryptocurrencies can fluctuate dramatically. Holding seized assets means the state assumes the risk of potential price drops. Security and Custody: Safely storing digital assets requires secure custody solutions to prevent theft or loss due to technical issues. This is a complex technical and security challenge for any institution, let ourselves a state government. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving. Future regulations could impact the state’s ability to hold or manage these assets. Technical Expertise: State personnel would need specialized knowledge to manage, secure, and potentially transact with digital assets. Public Perception: There may be public debate and scrutiny regarding the state holding speculative assets like Bitcoin with taxpayer implications (even if indirectly from forfeiture). Addressing these challenges would require careful planning, investment in secure infrastructure, and potentially hiring or training personnel with specific digital asset expertise. The Process of Bitcoin Forfeiture Currently, when law enforcement seizes assets like Bitcoin during criminal investigations, the process typically involves a legal procedure called Bitcoin forfeiture or cryptocurrency forfeiture. Once forfeited by court order, the assets become the property of the state or federal government. Traditionally, these seized assets are then liquidated. For crypto, this means converting the Bitcoin or other digital currency into fiat currency (like US dollars) through cryptocurrency exchanges or auction services. The proceeds are then used according to forfeiture laws, often supporting law enforcement agencies or victim compensation funds. HB 2324 proposes an alternative path for the forfeited digital assets: instead of automatic liquidation, they could be transferred into the proposed state digital asset reserve. This fundamental shift is what makes the bill noteworthy. Examples Beyond Arizona Arizona isn’t the only entity grappling with how to handle seized crypto. Federal agencies, such as the U.S. Marshals Service, have been seizing and auctioning off large amounts of Bitcoin and other cryptocurrencies for years, stemming from cases like the Silk Road dark web marketplace. These auctions demonstrate a federal precedent for managing forfeited digital assets, although their primary method has been liquidation rather than establishing a permanent reserve. While some states have explored accepting crypto for tax payments or allowing state banks to hold crypto, establishing a state-level reserve specifically from forfeiture is a less common legislative proposal, putting Arizona at the forefront of this particular approach. What’s Next for the Arizona Bitcoin Bill? With the Senate approval secured, the Arizona Bitcoin bill (HB 2324) now moves to the Arizona House of Representatives. Here, it will undergo further review, potentially amendments, and another vote. The narrow margin in the Senate suggests that discussions and votes in the House could also be closely contested. The legislative process allows for public input, lobbying, and detailed committee reviews before a final vote is cast. If the House passes the bill, it would then head to the Governor’s desk for signature to become law. Actionable Insights: What Does This Mean? For Arizona Taxpayers: The bill could potentially create a new source of state funds if the held assets appreciate, but also introduces risk from volatility. For Law Enforcement: It provides an alternative mechanism for handling seized digital assets, potentially simplifying the immediate post-forfeiture process but requiring new protocols for custody. For the Crypto Industry: This represents another step towards mainstream governmental acknowledgment and integration of digital assets, potentially setting a precedent for other states. A Glimpse into the Future The passage of HB 2324 through the Arizona Senate marks a significant step towards the state potentially holding a State crypto reserve . This legislative effort highlights the increasing need for governments to develop strategies for managing digital assets encountered in various contexts, including criminal activity. While challenges related to volatility, security, and expertise remain, the bill’s progression indicates a willingness within Arizona’s legislature to explore innovative approaches to asset management in the digital age. The outcome in the House will be closely watched as it will determine whether this pioneering approach to managing forfeited digital assets becomes law in Arizona. To learn more about the latest explore our article on key developments shaping Bitcoin legislation and State crypto reserve initiatives. This post Arizona Bitcoin Bill HB 2324: State Eyes Strategic Digital Asset Reserve first appeared on BitcoinWorld and is written by Editorial Team
The post Elon Musk’s X App to Offer Trading, Investing, and Payments With Visa appeared first on Coinpedia Fintech News X, formerly Twitter, is gearing up to become more than just a social media platform. CEO Linda Yaccarino recently confirmed that users will soon be able to trade and invest directly on X, moving the platform closer to Elon Musk’s vision of creating an all-in-one “everything app.” X Money Launches With Visa Support At the heart of this financial leap is X Money, a new digital wallet and peer-to-peer payment service launching later this year in collaboration with Visa. Initially rolling out in the U.S., X Money will allow users to tip creators, purchase merchandise, store value, and even make trades or investments, all without leaving the app. Yaccarino said users will be able to manage their “whole financial life” on X, whether it’s splitting a dinner bill or making an investment. The feature rollout marks a big step in Musk’s broader plan to merge social interaction with financial utility. Emarketer projects X’s revenue to grow to $2.3 billion this year, up from $1.9 billion in 2024, though still far below the $4.1 billion it made globally in 2022 when Musk took over. Regulatory and Advertiser Hurdles Ahead Despite the buzz, X still faces regulatory challenges. Its shift into finance could trigger scrutiny around licensing, compliance, and financial oversight. There’s also ongoing tension in the advertising space. While Yaccarino claimed 96% of former advertisers have returned since Musk’s takeover in 2022, skepticism lingers. The company is currently entangled in a federal antitrust lawsuit against the Global Alliance for Responsible Media, accusing it of organizing a boycott masked as a safety initiative. Following their antitrust lawsuit, X has removed companies like Unilever from the complaint after they resumed advertising on the platform in October. Some advertisers remain hesitant to fully return to X, citing ongoing concerns over toxic content and doubts about the platform meeting its goals. According to reports, a few felt pressured to resume ad spending, some even warned of potential lawsuits if they didn’t comply, amid unease over Elon Musk’s close ties to Donald Trump. Meanwhile, X continues to deny allegations of strong-arming brands into advertising. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Will the Crypto Market Crash If the U.S. Joins the Iran-Israel War? , Musk’s xAI Acquisition Raises Eyebrows Adding to the drama, Elon Musk recently sold X to his AI venture xAI in an $80 billion all-stock deal that also transferred X’s $12 billion debt. The move has raised legal and financial concerns , especially after a judge declined to dismiss a shareholder lawsuit tied to Musk’s original acquisition. 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BlackRock ETF scoops up 3.25% of Bitcoin supply as new money dries up $BTC #Bitcoin
BlackRock’s ETF is nearing the $70 billion mark as Bitcoin transactions continue to be dominated by large investors.
A 16 billion password record-breaking leak, fresh ones from Apple, Google, Facebook, and other technology giants, has triggered a global crypto security alert. “MFA is no longer optional. This breach is a blueprint for mass wallet theft.” — @CryptoSecurityHQ Experts assure that this is not some recycled breach—these are newly-scooped logins, many previously unobserved, and already fueling a wave of wallet-draining attacks and phishing campaigns against centralized exchanges and DeFi users alike. Why This Breach Is Different—and So Dangerous This is the largest historic data dump of its kind ever. The incident compromises 30 supermassive databases, with the data collected by modern infostealer malware and dumped online using insecure cloud servers. Unlike in previous leaks, these credentials are fresh, usable, and organized by service—logins, session cookies, and even two-factor bypass tokens for platforms including MetaMask, Coinbase, Binance, and Phantom. Security analysts are already seeing signs of coordinated credential stuffing and phishing attacks. Hackers can use these stolen logins to access not just your email or social accounts, but also your crypto wallets—especially if you’ve reused passwords or linked your wallet to a compromised email address. The risk is especially high for users who rely on single-factor authentication. How to Check If Your Wallet or Seed Phrase Is Compromised If you notice out-of-pattern transactions, wallet reset notifications, or logins from unknown places, your wallet is already compromised. Most wallet apps currently give you warnings on suspicious activity—do not ignore them. If you ever suspect compromise: Send your money directly to a new, secure wallet with a new seed phrase. Make a new wallet and double-check that your assets have been moved securely. Notify your exchange or wallet provider — then they may offer additional guidance or security updates. “16 billion fresh logins leaked. If you use the same password for your wallet and email, change it NOW.” — @cybersecnews Your seed phrase is your crypto lifeblood. If it is stolen, treat it as if your front-door key has been stolen—move fast and lock up your assets . How Exchanges Are Responding As a result of the incident, trades are putting new multi-factor authentication (MFA) standards on the fast track. While simple two-factor authentication is inadequate, MFA may need a password, a hardware token, and even biometric confirmation, making it ten times more difficult for hackers to drain your account—despite knowing your password. Microsoft says that MFA blocks 99.9% of bot-driven attacks, and most exchanges are now requiring MFA for withdrawals, account changes, and even logins. Some are rolling out advanced features like phishing-resistant hardware keys and recovery backup capabilities to add additional security for users. The Bottom Line With 16 billion credentials in the wild, the danger of wallet-draining attacks has never been higher. Change your passwords, enable MFA, and check if your seed phrase or email is compromised. In this era of mega-breaches, your crypto security is a question of staying vigilant—and reacting fast. Bold Takeaway The 16B password leak is a wake-up call: check your exposure, upgrade your security, and treat your seed phrase like gold — because hackers are already hunting.
Is fresh interest in Bitcoin fading? A sharp drop in short-term holders and record-low demand momentum suggest that it is. According to data from on-chain analytics firm CryptoQuant, wallets associated with short-term Bitcoin holders have seen a sharp decline since late May. As of June 19, this group of investors now controls only around 4.5 million BTC, down from 5.3 million on May 27. The numbers mark a decline of 800,000 BTC, or roughly 15.1%, in less than a month. Short-term holders (STH) are typically investors who bought Bitcoin within the past few weeks or months. In bullish market cycles, this group tends to expand as new entrants buy Bitcoin from long-term holders, fueling price appreciation. A shrinking STH balance, on the other hand, often signals that fewer new buyers are entering the market, and that those who did recently may be selling, either to take profits or limit losses. New money is drying up in Bitcoin. Short-term holders now hold 4.5M BTC, down 0.8M since 27 May. Demand momentum sinks to –2M BTC, the worst on record. pic.twitter.com/ollWBXHdll — CryptoQuant.com (@cryptoquant_com) June 20, 2025 CryptoQuant says this is part of a wider slowdown in interest. Demand momentum has plunged by 2 million BTC, the weakest level ever recorded. While spot buying is still happening, it’s also at a much slower pace. Over the past 30 days, Bitcoin demand increased by only 118,000 BTC, down from 228,000 BTC at the end of May. The decline isn’t limited to retail behavior, as institutional demand is also showing signs of cooling. Whales have reduced their accumulation rate to just 1.7% per month, down from 3.9% a few weeks ago. Additionally, daily purchases by the U.S. Bitcoin ETFs have dropped from 9,700 BTC per day in April to just 3,300 BTC now. You might also like: Bitcoin critic Peter Schiff touts Silver’s potential as BTC slides Traders in the futures market are also shifting toward caution. Many sold off their Bitcoin when it hit $110K last week to take profits. Now, more traders are betting against the asset’s price, opening short positions as price slips toward $105K. Despite the trend, major institutional figures have not slowed down on BTC accumulation. BlackRock, Strategy, and others bullish on BTC Earlier this week, BlackRock wrapped up a six-day buying streak, adding $1.4 billion worth of Bitcoin to its portfolio. The purchase boosted its holdings to 670,295 BTC, now valued at $74.8 billion. Strategy , the largest corporate holder of Bitcoin, also recently added 10,100 BTC to its balance sheet, spending nearly $1.05 billion. The Michael Saylor-led pro-Bitcoin company now holds 592,100 BTC, accounting for around 2.98% of Bitcoin’s total supply. You might also like: Semler Scientific plans to acquire over 100,000 BTC within the next three years Japan’s MetaPlanet has also been steadily buying Bitcoin, recently reaching the 10,000 BTC mark. Similarly, Europe-based The Blockchain Group has been growing its holdings, as rising global interest pushes more companies and governments to set new targets and grow their Bitcoin reserves. Meanwhile, BTC has been moving sideways over the past month between $100,000 and $110,000. At press time, it hovers just over $106,000, roughly up 2.4% from this week’s lowest point. Read more: Bitcoin could fall to $92K if demand keeps dropping: CryptoQuant
Bitcoin remains steady above the crucial $100K threshold as it traded just 6% below its all-time high of $111.8K. While this price strength amidst geopolitical concerns, global trade tensions, and seasonal sluggishness might suggest increased on-chain activity, a clear disconnect has started to form on the network. In fact, Bitcoin wallets are showing a substantial divergence as the leading crypto asset’s price hovers above. Elite Wallets Rise Over the past 10 days, the number of “elite wallets” holding 10 or more BTC has increased by 231, a 0.15% rise, according to Santiment’s latest analysis . On the other hand, retail wallets holding between 0.001 and 10 BTC have dropped by 37,465. Historically, rising whale accumulation paired with falling retail confidence has indicated bullish momentum ahead for the broader crypto market. Meanwhile, Glassnode made a similar observation and revealed that the Bitcoin network is seeing fewer transactions but larger ones, as settlement volumes rise despite a dip in total transaction count. This pattern implies that big players, such as institutions or high-net-worth individuals, are driving current on-chain activity and have replaced smaller retail movements with high-value transfers. Beyond reduced participation, sentiment among retail investors has turned sharply negative. Bullish-to-bearish comment ratios have dropped to 1.03, which happens to be the lowest since April 6th, during peak fear around tariff concerns. Historically, such pessimism has often signaled a price rebound, as markets tend to move against prevailing retail sentiment. Bitcoin’s Ownership Landscape Only a small group of large buyers – mainly ETFs, corporate treasuries, and funds – are absorbing supply. This has resulted in a “plateau” in new wallet creation and reduced transactional activity. Matrixport said that Bitcoin is increasingly viewed as a store of value rather than a spending tool. The market is now seeing the distribution of supply from early miners and mega whales to newer institutional whales. With minimal new retail capital entering the space, these two groups dominate market influence. Despite the bullish ETF narrative, the real test lies ahead – if selling pressure continues to meet ETF demand, the current market lull could break dramatically in either direction. The post Bitcoin’s ‘Elite’ Wallets Rise by 231 as Retail Sentiment Declines Sharply appeared first on CryptoPotato .
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AVAIL, the native crypto of modular blockchain infrastructure platform Avail, has secured a listing on Binance Alpha. In a June 20 X post , crypto exchange Binance announced that AVAIL has been listed on Binance Alpha , the exchange’s early-access section that showcases trending and promising Web3 projects. As part of the launch, Binance Alpha is hosting an exclusive airdrop campaign, which will be completed in two phases over the day. Users can claim AVAIL tokens using their Alpha Points, Binance’s reward system for early engagement. The platform also revealed the launch of an AVAIL trading competition for its users with a prize pool of 32,500,000 AVAIL tokens worth around $1 million. AVAIL dropped over 8% shortly following the listing. As of press time, the token was exchanging hands at $0.028. The sell-off was likely triggered by traders offloading their airdropped tokens. You might also like: South Korean regulators push crypto ETF plan to power up local market It is important to clarify that a Binance Alpha listing does not imply automatic inclusion on Binance’s main exchange. Nonetheless, projects that perform well on Alpha, measured by user engagement, liquidity, and market traction, are often considered for potential spot listings. Avail initially conducted its Token Generation Event on July 23, 2024, and is already listed on other prominent exchanges, including HTX, Gate, KuCoin, and Bybit. Avail price analysis On the daily chart, AVAIL is approaching the upper boundary of a multi-week descending wedge pattern, a formation that historically signals a potential bullish reversal if a confirmed breakout occurs. AVAIL price and 50-day SMA chart — June 20 | Source: crypto,news However, the token continues to trade below its 50-day simple moving average, indicating that short-term momentum remains weak. Additional momentum indicators, including the MACD and RSI, are trending downward, reinforcing the current bearish sentiment. AVAIL MACD and RSI chart — June 20 | Source: crypto.news Given these conditions, AVAIL is likely to extend its decline toward the next key support level near $0.025. As of now, a recovery toward its May high of $0.04 remains unlikely unless sell pressure fades and broader sentiment shifts. Read more: Semler Scientific plans to acquire over 100,000 BTC within the next three years Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.