This month, Bitcoin’s Hasht dropped 15% amidst a summer wave, which emphasized the power grid of the United States. Crypto hacks and exploits have rack the record numbers, which cost investors and platforms $ 150 million.
In addition, businesses have followed the example of Michael Sayler, the proponent of the Vocal Bitcoin (BTC) and the executive chairman of the strategy by adding BTC to their balance sheet. According to industry tracking services, there are now 250 companies that have some forms of bitcoin treasury.
Regulators in Asia are softening their stance on Crypto, with new laws, Crypto Tax exemption and permissions are being excluded to release stabeloin in four separate countries including Hong Kong and South Korea.
In the US, the law progressed at the state level, 10 states worked on laws to include crypto in their commercial code, established bitcoin reserves and further studied how Crypto could affect its state economy.
Here is June by numbers:
Bitcoin’s Hasht is 15% below June
Hashet of bitcoin network, measurement of total computational power on bitcoin blockchain, saw a significant dip of 15% a month.
Starting the month around 942.6 million terrace/second (th/s), the current rate is 799 million th/s. Sharp drop left supervisors estimated the potential causes behind the reduction, which has been seen by the most drop bitcoin’s Hasht in three years.
While some speculated that the potential reasons may be Israeli attacks on Iran, which have targeted significant infrastructure, which Iran can use bitcoin, which weakens the connection.
The hashtte was already in a decline, and the US, which has a lot of mining activity, is experiencing spikes of electricity priced due to its first summer heat wave. Increasing demand for cooling will make prices increase and excess capacity will disappear, making the miners working on thin margin to flip the switch on their operations until things cool.
Crypto Hack cost $ 150 million in June
Crypto hacks are getting more advanced, and in June, $ 150 million were lost to hacks and exploits.
The deficit in June brought the total amount of crypto lost to the hack up to $ 2.15 billion this year, according to A. Report By TRM Labs – $ 500 million more than the same time for 2024.
According to TRM, infrastructure attacks, including “Private Key and Seed phrase theft, and front-end compromise”, caused 80% losses in 2025.
In contrast, the protocol attacks – that is, attacks that “the blockchain protocol targets weaknesses in the protocol or the core logic,”, “, including flash loans and retentions attacks – only 12% loss.
The TRM paid special attention to “enhancing strategic intentions from state actors and other geopolitically inspired groups”, which suggests that it requires more cooperation and “fundamental security – multilateral authentication (MFA), cold storage and frequent audit needs to be strengthened.”
250 businesses are holding BTC on their balance sheet
After seeing the success of the software company’s strategy, the increasing number of companies is adding bitcoin to its balance sheet. Some 26 companies added the assets to their balance sheet, causing the total number of companies with bitcoins to 250.
Michael Sayler pioneered the idea of putting bitcoins on the company’s balance sheet. The stock of strategy has since developed in a proxy instrument for investors to get exposed to bitcoin.
Connected: Michael Sayler’s strategy has 91% chance of joining S&P 500 in Q2: Analyst
The sailer’s strategy of issuing loans to fund these bitcoin purchases has obtained land; The company’s share price of strategy has been increasing, despite the increase in increased release. In June, MSTR received 6%.
Not all supervisors are convinced of strategy. The June 1 report of Venture Capital (VC) firm Breed said that some bitcoin treasury companies will run. The firm presented a seven-phase cycle, which began with a fictional bitcoin value accident and ended in BTC liquidation and market nervousness.
Four countries in Asia carve for Crypto
Four different courts across Asia made crypto-friendly policy changes in June. In Thailand, the Cabinet – Primary Anga of the Executive Branch of the government approved a proposal from the Finance Ministry to exemption Crypto from the Capital Benefit Tax from December 31, 2029 from the Finance Ministry.
In South Korea, the ruling Democratic Party of the newly elected President Lee J-Mung proposed the Digital Asset Basic Act to fulfill the promise of a campaign to allow stabeloin to be released. The bill will allow companies of at least $ 368,000 to release stabechoin in equity capital, as well as guarantee of return.
On 20 June, the Governor of the Central Bank of South Korea said that he was not opposing the release of a win-based stabelcoin, saying “Won-based stabelcoin issuing dollar can make it easy to exchange with dollar stabecoin instead of working to reduce the use of stabelcoin.”
Malaysia has launched a regulator sandbox called Digital Asset Innovation Hub, while in Hong Kong, securities regulators are working on a structure that will allow crypto derivative trading for professional investors.
Five major crypto firms get licenses worldwide
Crypto adoption at the government level is increasing, but this also means that there are new and developed licensing framework that Crypto businesses need to be reserved to live in businesses such as business and enter new markets. In June, five major crypto businesses obtained licenses in various courts.
Coinbase, Gemini and KRAKEN obtained all safe licenses in the European Union under markets in the Crypto-assets (MICA) regulatory framework. Certification will allow them to serve customers in European markets.
recent: Coinbase secured MICA license, Luxembourg was named as the headquarters of the European Union
Bittt obtained a license in the Caucasian country of Georgia, while Moonpe, a firm related to the crypto payment, created a bitalisance from New York State regulators in the US.
Fintech firm Ant Group and e-commerce giants are looking for certificates related to JD.com StableCoins. The Ant Group indicated that it is currently demanding licenses in Hong Kong and Singapore, while JD.com founder Liu Kiangdong announced a wide global certification push to enter Stabelcoin space. It is not yet clear whether JD.com is demanding a license or not.
Seven states pass crypto-related laws in America
While the Crypto industry was capable of counting a win at the federal level this month, the Genius Act, with passing Senate on June 17, seven states have made headways on enacting their own crypto-related laws.
Oregon amended state laws about abandoned assets to include cryptocurrency. Colorado has done the same, while a law has also been implemented in which crypto ATM owners need to disclose some information to customers, as well as refunds in case of fraud.
Texas Governor Greg Abbott signed the state’s Bitcoin Reserve Bill in the law, while implementing a law requires a crypto, if it is related to the crimes of rape or hooliganism.
Louisiana has installed a licensing structure for crypto kiosk providers, while establishing a subcommittee to study blockchain, crypto and artificial intelligence.
Connecticut has updated the money transmission rules and requirements to include Crypto, especially Crypto Kiosk, and introduced licensing requirements for the same. Neighbors Rhde Island has also presented standards for Crypto ATMs, as well as a special legislative commission to study blockchain and cryptocurrency.
Florida Crypto kiosk is less keen to pass the rules. H0319, to register a bill requiring bitcoin kiosk with the Financial Regulation Office, died in the committee.
magazine: North Korea Crypto Hackers Tap Chat, Malaysia Road Money Siphon: Asia Express
