Hyperliquid's HYPE token fell 8% to ~$58 as crypto funds, including Multicoin Capital ($116M), Selini Capital ($4.4M), and Galaxy Digital ($29.4M), queued nearly $150 million in HYPE for unstaking. This large withdrawal queue dwarfs the thin spot market, raising concerns about potential sales, though Multicoin denies selling intent.
Zilliqa, a layer-1 blockchain network, is investigating a security incident involving an exchange partner after its native ZIL token was stolen from a cold wallet. Zilliqa has asked exchanges to temporarily pause ZIL deposits and withdrawals as a precaution, but has not disclosed the amount stolen or the partner's identity.
XRP demand is showing signs of weakening, with significant outflows from US spot ETFs and a decline in futures open interest. XRPL activity also shows reduced user participation, though institutional adoption of the ledger for tokenized assets is growing, potentially reviving demand for XRP.
AscendEX ceased operations on July 1, leaving customers uncertain about recovering their funds. The exchange cited a lack of EU authorization and financial/operational pressures, including a failed liquidity transaction. Withdrawals are now manually reviewed, with delays, rejections, and potential loss of full balances.
Gas withdrawals from European underground storage facilities are at their fastest July pace in six years due to extreme heat, complicating winter reserve buildup. Storage levels are 50.63% full, 15.08 pp below the 5-year average, holding 11.2 bcm less gas than last year.
EPFO subscribers can now withdraw funds for specific needs like illness and education under the EPF 2026 Scheme. Withdrawals for marriage and housing are capped at five times, while special circumstances allow advances twice annually. A key change requires a 12-month wait for premature final settlement after leaving employment.
Binance experienced a significant surge in weekly outflows, totaling $1.23 billion, with Ethereum withdrawals reaching a three-year high. This activity is linked to regulatory uncertainty from the EU's MiCA regulation and potential accumulation behavior.
Australia's July 1 deadline for AML/CTF obligations has integrated the Travel Rule into crypto transfers for VASPs. This means more data collection, identity verification, and wallet checks for all transfers, regardless of amount, impacting user experience and exchange operations.
US-listed spot Bitcoin ETFs experienced record net outflows of $4.5 billion in June, significantly exceeding Strategy's $1.25 billion Bitcoin monetization program. BlackRock's IBIT led withdrawals, contributing 79%. Despite higher year-to-date inflows, total Bitcoin holdings in these ETFs have fallen below year-ago levels.
Users report issues withdrawing funds from crypto exchange AscendEX, prompting blockchain investigator ZachXBT to flag potential liquidity problems, reminiscent of the FTX collapse in 2022.
China's men's table tennis team will compete in the Asian Games without key players Fan Zhendong and Liang Jingkun, the latter withdrawing from trials due to an old injury recurrence. World No. 10 Xiang Peng secured the final spot after a selection tournament.
Binance has restricted key services for European Union users, including halting new onboarding and limiting existing accounts, effective July 1. This follows the exchange's failure to secure Markets in Crypto-Assets (MiCA) authorization from an EU member state before the deadline, prompting users to consider moving assets to self-custody or other licensed providers.
Indian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. New ITR forms require filing ITR-2 or ITR-3. Filing Form 40 is crucial for deferring Indian tax until withdrawal.
Taiko Network developers advised users to withdraw funds from all bridges on its Ethereum layer-2 blockchain due to a compromise in its chain state verification mechanism. Security assumptions for bridges are no longer reliable. Losses may exceed $1.7 million, potentially due to an exposed signing key.
Taiko, an Ethereum layer-2 blockchain, has warned users to withdraw assets from its bridges following a hack that drained $1.7 million. The exploit compromised the chain's verification mechanism, rendering bridge security assumptions invalid. This is the latest in a series of at least 23 crypto exploits this month.
All 23 IITs will remove JEE and GATE scores from student resumes to ensure evaluation based on skills, not entrance ranks. They will also penalize companies that withdraw job offers, potentially banning them for two years. Median salaries will be reported instead of highest packages.
Aave processed $8.45B in withdrawals after a DeFi bridge exploit, showing resilience but also revealing interconnected risks and liquidity pressures. The event highlighted DeFi's maturity while prompting debate on its true safety.
Blackstone is limiting investor withdrawals from its $79 billion Private Credit fund (BCRED) after redemption requests surged to 10% in Q2. The asset manager capped withdrawals at 5% of shares.
Swiss private markets firm Partners Group is prepared to restrict investor withdrawals across more of its funds due to a surge in exit requests, following a cap on redemptions in one European vehicle. The company warned of increasing volatility in evergreen funds and potential impacts on private equity.
US spot Bitcoin ETFs have seen 13 consecutive sessions of outflows, totaling $4.37 billion since mid-May. This trend now affects Ethereum, Solana, and XRP ETFs, with total Bitcoin fund assets dropping from $104.29B to $82.83B in three weeks. Only Hyperliquid's HYPE token funds show positive inflows.
India's Union Cabinet recommended an ordinance to ease tax rules for foreign investors in certain securities, aiming to strengthen the rupee amid record FPI withdrawals and economic concerns.
Shares of KKR, Blackstone, and other private market firms dropped Wednesday after Switzerland's Partners Group restricted investor withdrawals from its Global Value SICAV fund, raising concerns over private market valuations and liquidity.
President Donald Trump will host the opening of the 'Great American States Expo' on June 24, following the withdrawal of several artists from the accompanying concert series. Artists cited being misled about the event's non-partisan nature.
Gas injection into European underground storage facilities (UGS) dropped 13% year-on-year in May, reaching a two-year low. Reserves stood at 40.5%, the lowest in five years, amid increased competition with Asia for LNG and the Middle East conflict.
