Aave [AAVE] is no longer just growing through deposits and lending activity; they’re also also building new revenue streams. With the launch of Aave’s Global Dollar Hub and a rise in user activity, the project is picking up steam again.

Aave DAO’s swap revenue crosses $1 million!

Aave DAO’s swap revenue has crossed $1 million since the launch of Aave Will Win. The cumulative expected partner fees has risen from April, with a jump around early June and sustained growth throughout the month.

Most of this revenue has been coming from Ethereum [ETH], while Arbitrum [ARB] and a few other chains have added smaller contributions too. Interestingly, this gives Aave another income stream beyond its usual AUM-based fees from lending markets.

With more features planned – including leverage tools, transaction builder support, and V4 support in Aave Pro – this revenue base could keep growing.

New wallet growth outlasts AAVE’s price

Beyond this, Aave’s on-chain activity jumped too. Around the launch of its V4 Global Dollar Hub, AAVE’s price moved from nearly $72 to about $95, before falling back towards $85.

However, what stands out is that user growth did not fade with the price. New AAVE addresses reached 1,806 on 30th of June, far above the usual spring pace of around 200 per day.

New address growth was also well above baseline throughout this week. In fact, active addresses were above 2,200 and at 3,144 at their highest.

AAVE holds above pullback zone

Here’s a bit of balance to this story. After the move towards the $95-$100 area, AAVE fell back below $90 on the charts.

However, the token has not fully lost its pace either. It was trading at around $87 at press time, with a small recovery attempt.

The RSI was at 58, so the rally was no longer overheated. There seemed to be some strength left still. The CMF was also positive at 0.10, indicating some buying interest.

Final Summary

Aave DAO crossed $1 million in swap revenue, adding a new income mode.
AAVE’s price hit the brakes on the charts, but new addresses hit 1,806 too. 

Jupiter [JUP] is in the news today after it hiked by more than 15% in the last 24 hours, outperforming both Bitcoin [BTC] and the broader crypto market. Its daily trading volume surged by 72%, hitting $48 million too.

That’s not all though as the Solana [SOL] DEX Aggregator seemed to be up by this margin due to a couple of factors too. Hence, it’s worth looking at the finer details here.

3 catalysts behind Jupiter’s double-digit rally

To start with, Jupiter added its own stablecoin, JupUSD, to Jupiter Liquidity Provider (JLP) as a custody asset. This step makes it possible for the planned $500 million USDC-to-JupUSD transition inside Jupiter’s perps pool.

JupUSD is now the sixth asset after Solana [SOL], Bitcoin [BTC], Ethereum [ETH], USDC and USDT. As such, the stablecoin addition means more liquidity into the exchange.

This has further reignited talks of Jupiter building its own Omnichain Ledger. This move echoes Jupiter’s growth since 2021 from a swap aggregator into a full on-chain finance system. In fact, Jupiter drives more than 80% of total retail liquidity on movement on Solana.

That is not all there is though. Jupiter Strategic Reserve, Litterbox Trust, is creating buying pressure in the market as well as shrinking supply.

Over the last 24 hours alone, the strategic reserve added 356,726 JUP. This, on top of 14.44 million JUP bought last month, taking the total locked JUP tokens to 143.8 million.

On the supply tokenomics side, a total of about 134.55 JUP have been burned from the reserve’s effort.

This is a big step towards reducing total supply of the token after 3 billion tokens were burned in January 2025. The altcoin’s total supply is now below 7 billion, down from 10 billion.

Has JUP reclaimed the lost trendline support level?

JUP showed similar strength on the 4-hour chart, as it attempted to reclaim the lost trendline support level. The altcoin has traded above the trendline for the better part of June, but it was lost in the last five days of the month.

At press time, JUP’s price was above this level. However, it was yet to create a base above it to ascertain a true shift. If the price stays above the minor resistance at $0.24, it may mean that the altcoin could push to $0.28.

This scenario can probably be supported by the market’s buying pressure too. In fact, Net Volume revealed that more than 800K JUP were bought on the day as bulls reclaimed market momentum.

All in all, turning the resistance into support would mean a trend shift in the short term. Otherwise, failure would extend the bear structure that had started to form.

Final Summary

Jupiter rallied by more than 15% after JupUSD’s integration into JLP, talks of its own Omnichain Ledger, and its strategic reserve accumulation. 
JUP’s price action reclaimed its lost trendline support, but was yet to form a base level at press time. 

The July 4 deadline for the CLARITY Act’s passage looks set to lapse without approval. Nearly a year has already passed since the U.S. House of Representatives approved the bill in July 2025. 

Since then, it has encountered numerous obstacles in Congress. This includes opposition from the stablecoin industry regarding rewards and ethical concerns from lawmakers. Interestingly, the current delay is because the bill is now being used as leverage in larger negotiations by U.S. President Donald Trump.

Trump’s move sent shockwaves

According to the latest update, President Trump called off the signing ceremony for the 21st Century ROAD to Housing Act.

The bill featured a ban on a central bank digital currency (CBDC) and was supported by both parties in both chambers of Congress. In March, Trump had declared that he would “not sign other bills” until Republicans in Congress passed the SAVE America Act.

This has created a Senate scheduling crunch, directly squeezing the CLARITY Act’s chances of passage before the August recess. 

 

Senators are hopeful of the CLARITY Act

Even though Trump has retreated, Senator Tim Scott has stated his support for advancing the bill as soon as possible. 

The push also comes from the fact that Republicans on the Senate Banking Committee have already put forward a bipartisan proposal. 

Taken together, the urgency stems from worries that extended regulatory ambiguity may push crypto’s ecosystem to nations with more defined legal systems. Because of this, Scott contends that the Senate should move quickly to pass the legislation.

Is the 4th July deadline realistic?

That said, the bill might also lose steam if Republicans are unable to obtain the required sixty votes before the Senate’s August recess. It’s possible that congressional priorities will shift as a result of many lawmakers refocusing on reelection campaigns. This, in turn, would delay the CLARITY Act’s consideration until the following session of Congress in 2027.

Galaxy Research has lowered its outlook for the CLARITY Act from 60% to 50%. This marks a sharp contrast to early June, when optimism was high, even within the White House,  that the crypto market structure bill would be passed by its original July 4 deadline. 

Final Summary

Donald Trump called off the signing ceremony for the 21st Century ROAD to Housing Act. 
With this blocker, the 4th of July deadline looks dicey for the approval of the CLARITY Act. 

India’s USDT premium is in the news after it climbed above 8.5% due to a contraction in the availability of stablecoins domestically. As it stands, capital flows into the country are being discouraged by regulators through both enforcement actions and greater oversight.

That imbalance pushed Tether’s value [USDT] to ₹102.88 against an official USD/INR rate of ₹94.65. This shift also led to a widening of the premium well beyond its typical 3–4% range. The growing spread may be a sign that arbitrage has become less effective as compliance risks discourage capital inflows.

Meanwhile, traders, cross-border users, and businesses continue to compete for limited stablecoin supplies. If regulatory uncertainty persists, elevated premiums could remain and encourage greater reliance on informal trading channels.

Otherwise, clearer regulations and improved liquidity may gradually narrow the pricing gap and restore more efficient market conditions.

Regulatory pressure reshapes stablecoin liquidity

That tightening premium is increasingly reflecting deeper changes in India’s stablecoin market structure rather than temporary pricing disruptions. In recent months, regulatory enforcement has slowed down fresh USDT inflows, reducing liquidity across P2P markets, OTC desks, and exchange order books.

Due to this fall in supply, both exchanges and on-chain flows demonstrated that there were minimal top-ups made to local inventory levels. Nonetheless, the total number of active wallet addresses, along with transaction volume, has remained relatively strong.

The resilience of these metrics may be evidence of the demand for using USDT. This includes sending cross-border payments, settling trade, and storing value backed by dollars, which has not abated together with the decrease in supply.

These divergences mean that regulations have constrained the supply of USDT in India greater than they have the end-use or need for it. Should the availability of compliant inflow channels be limited, then the liquidity shortage could continue.

However, regulatory clarity and better market access may gradually restore supply and narrow India’s elevated USDT premium.

Can India’s stablecoin market regain its efficiency?

Rather than just driving up the price, the increasing regulatory pressure is also affecting how the Indian stablecoin market operates. According to P2P transaction data, for instance, the INR/USDT rate was approximately at Rs 107.21 at press time.

The daily transaction count was over 140,000, but the amount of money changing hands was relatively low due to reduced liquidity. Meanwhile, buy volume reached only $1.2 million, compared with $17.8 million in sell volume, highlighting constrained market-making capacity.

This demonstrated an inability for market makers to operate in this environment. Furthermore, the enforcement actions and scrutiny surrounding ₹2500 crores in VDA transfers. This has additionally led to less new USDT inflow into the Indian market, thereby sustaining the ongoing supply shortages.

These imbalances might mean that regulatory uncertainty is currently diminishing market efficiency and increasing cost to acquire dollar liquidity. In the long run, if conditions remain as they are now, it will lead traders to seek alternative means or offshore dollar liquidity.

Clearer regulations would help restore arbitrage opportunities, increase available dollar liquidity, and eventually reduce India’s USDT premium.

Final Summary

Tether [USDT] demand remains resilient in India, but prolonged supply constraints could keep domestic premiums elevated.
USDT liquidity depends on regulatory clarity, with stronger compliance pathways needed to restore efficient pricing.

Institutional demand for Bitcoin is showing fresh signs of weakening, removing one of the market’s strongest sources of structural spot buying.

The U.S. Spot Bitcoin and Ethereum ETFs are experiencing their seventh consecutive day of Net Outflows, with $445 million coming out of Bitcoin and $12.85 million coming out of Ethereum yesterday.

As redemptions persisted, monthly Bitcoin ETF flows turned negative by roughly $4.06 billion, reducing total ETF assets to $72.82 billion. This trend matters because sustained outflows reduce institutional buying that previously absorbed market supply during corrections.

Unless whales or long-term investors replace that demand, Bitcoin could struggle to build a sustained recovery. Otherwise, renewed institutional inflows may restore stronger price support.

Whale activity signals renewed conviction

Despite persistent ETF outflows, large Bitcoin holders responded differently as prices revisited key support levels. After Bitcoin dropped below $60,000 for a short time before returning to that area, whale trading volumes increased rapidly.

The network recorded 6,920 transactions above $100,000 and 1,438 exceeding $1 million, marking its second-largest spike in two months. This response suggests larger investors viewed the correction as an accumulation window rather than a signal to reduce exposure.

If whales continue absorbing supply while exchange balances remain constrained, downside pressure could gradually ease. Still, broader spot participation must strengthen before Bitcoin can convert accumulation into a sustained recovery.

Bitcoin’s Long-Term Holders enter capitulation

Whale accumulation reflects growing confidence among larger investors. However, Long-Term Holders (LTH) are not responding uniformly to the recent market weakness.

The Long-Term Holder SOPR has moved deeper into negative territory, indicating some seasoned investors are now realizing losses after Bitcoin repeatedly traded below $60,000. The monthly average has fallen from 1.03 to 0.8.

That would indicate about 13% loss for LTH on their investment over the last month.

Meanwhile, the yearly average declined from 2.06 to 1.46, confirming that realized profits continue shrinking. At this point, it appears the conviction of older holders is eroding.

However, as profitable supply becomes exhausted, selling pressure often diminishes, laying the groundwork for a gradual recovery rather than an immediate reversal.

Final Summary

Bitcoin [BTC] ETF outflows continue weakening institutional demand, while whale accumulation helps cushion near-term selling pressure.
Bitcoin long-term holder capitulation may reduce future selling, but broader spot demand remains key to recovery.

Market activity across the Jito network has accelerated significantly of late. 

The protocol has generated $1.75 billion in gross revenue, making it one of the strongest-performing projects in the Solana ecosystem. Most of that revenue—about 81%—came from MEV rewards, while staking rewards accounted for the remainder.

These metrics suggest Jito’s infrastructure is handling more economic activity as users continue to rely on the protocol for staking and MEV services. That’s not all though as that growth is also beginning to show up elsewhere.

Is the revenue growth translating into user activity?

In fact, network participation has strengthened over the past few days too.

The number of active addresses registered a major hike, pointing to significant engagement across the ecosystem. At the same time, trading volume expanded by nearly 90% to $102 million over the last 24 hours.

These metrics often move together.

More active addresses usually indicate broader user participation, while an uptick in trading volume often means capital may be flowing back into the market. Together, they seemed to paint a picture of increasing network activity rather than a short-lived spike in speculation.

That makes the recent revenue milestone more meaningful too. It is evidence that the protocol isn’t just attracting attention—it is also generating sustained economic activity.

Is the market beginning to recognize that growth?

Well, the improving fundamentals are now starting to appear on the chart too.

After spending months consolidating, JTO broke above a bullish flag pattern on the daily timeframe. Since then, the price has continued to respect an ascending trendline that has produced multiple rebounds since early May.

If the momentum holds, the trendline resistance could be the next target for the token’s buyers.

In fact, the technical structure appeared to be catching up with what on-chain data has been showing for weeks. Whether the breakout develops into a larger rally will ultimately depend on whether network activity continues to expand.

At the time of writing, the latest metrics hinted at a bullish run continuation. Revenue has been growing, users are becoming more active, and trading participation registered a hike too.

In other words, the recent price breakout may simply be the market beginning to reflect those improving fundamentals.

Final Summary

Jito generated $1.75 billion in protocol revenue, highlighting sustained network usage.
Hike in active addresses and a $50 million uptick in trading volume coincided with JTO’s breakout above a multi-month bullish flag.

While the broader crypto market has shown significant weakness, STABLE has consistently held up. As the market crashed on 24th June, STABLE defended the $0.33-support and climbed to a local high of $0.365. 

At the time of writing, STABLE was trading at around $0.362, up 5.5% over the past 24 hours in addition to its 7% weekly gains. 

At the same time, the trading volume of the altcoin rose by 25% to $20.8 million, indicating an uptick in market participation.

Why is STABLE holding up?

STABLE’s daily charts underlined a strengthening bullish structure. The altcoin jumped above its 20 and 50-day EMAs at $0.349 and $0.344, respectively. 

In doing so, the altcoin clearly sat above both its short and long-term moving averages, confirming the trend’s strength on the charts. 

The Stochastic Momentum Index further validated these market conditions. The SMI indicator rose to 17, while its signal rose to 7. Although the SMI remained within the bearish zone, its upward trajectory reflected improving momentum and buyer presence. 

The spot activity further confirmed this point of view. The altcoin’s Spot Netflow extended its stay in negative territory, holding there for seven consecutive days. 

That’s not all though as over the last 24 hours, Spot Outflows rose to $527K while Inflows dropped to $365K. As a result, Netflow plunged 2617% to -$162K – A clear sign of sustained demand. 

Therefore, it’s suitable to say that the altcoin has recently shown relative strength, largely driven by sustained spot demand. 

Is the network’s sustainability of concern?

Although STABLE has been exhibiting some strength, demand-wise, the market did raise some concerns. 

For starters, the network’s usage remains extremely weak. For instance, a look at STABLE’s Price DAA Divergence revealed that the metric has remained negative for 7 consecutive days. 

A negative DAA Divergence means that Active Addresses have been failing and have not kept up with the price. User engagement often leads to weak network fundamentals, implying the uptrend lacks stronger user participation. 

Historically, such structural weaknesses have extensively increased the risk of price correction. 

Can the altcoin’s upside momentum hold?

STABLE exhibited relative strength, driven by strong market demand. With upside momentum holding up, the altcoin might be positioned for further gains too. 

Therefore, under these conditions, STABLE will close above $0.36 and flip its $0.40-resistance. 

However, as was observed, pullback risks remain due to structural weakness. If the bulls’ attempt fails and the price fails to close above $0.36, a retrace will follow. 

Another pullback will see the altcoin drop below $0.34 and seek immediate support at $0.32. 

Final Summary

STABLE surged by 5% and successfully defended $0.33, hiking to a local high of $0.36 amid sustained demand.
Altcoin remains structurally weak, with low user engagement posing a risk for another pullback towards $0.32. 

Sahara AI [SAHARA] was up around 21% at press time, as the AI token attempted to recover following its early sharp price crash. The daily trading volume has increased by 342%, surpassing $124 million.

Here’s what caused this price surge after two weeks of decline.

Sahara AI announces roadmap after 60% crash

Sahara AI experienced a 60% crash two weeks ago, and the team denied any involvement. The sharp decline was fueled normal trading dynamics and broader crypto market structure. As per a tweet on X, Sahara AI outlined the clearest step was with their tokenomics, that is, extending lockups periods.

Moreover, investor unlocks would be pushed back by three months while founder, core team, and advisor unlocks would be postponed for six months. This was to ensure the circulating supply remained intact at least in the short term.

Additionally, they were planning to introduce a buyback program for their long-term treasury strategy, which would be funded by their revenue. However, the team dismissed token burns and do not plan to introduced one with the supply fixed.

In response, both whale and retail sentiment turned bullish with strong signal strengths.

SAHARA breaches short-term trendline but…

SAHARA broke above a descending trendline on the hourly chart, but its price was pulling back for a retest.

At the time of writing, the Bull Bear Power indicator showed buyers were in control while CVD affirmed the buying pressure. Notably, over 29 million SAHARA were bought after the recent tweet.

However, on the daily chart SAHARA was trading below the low created by the 67% crash. This is after invalidating the bullish reversal pattern on the retest of the neckline at $0.03.

The altcoin remains below its June low, trading near $0.01315. To reclaim its pre‑crash market cap, SAHARA must hold the neckline as support.

Otherwise, the altcoin may continue declining as its market structure is still bearish.

Upcoming token unlock and its impact on price

While the daily surge may suggest potential recovery, there is still impending selling pressure from the upcoming token unlocks.

As per Tokenomist AI, 30.10% of the released supply would hit the market in less than three days. This was equivalent to 1.03 billion SAHARA tokens worth $14.75 million.

Overall, SAHARA is in a make-or-break situation, as it has shown signs of recovery but continues to face selling pressure.

Final Summary

SAHARA AI rose more than 21% in 24 hours after announcing a clear long term commitment plan for its ecosystem. 
SAHARA price action was showing signs of recovery but upcoming token unlocks may present undue sell pressure. 

SecondFi uncovered a major wallet generation vulnerability on the 23rd of June. Notably, a flaw in SecondFi’s wallet-generation process compromised the private keys used to create Cardano [ADA] wallets, resulting in an entry point for the exploit.

This created a risk to users of wallets generated through this method, as potential attackers could potentially gain unauthorized access to those user accounts.

Investigators were able to track the flow of money from the compromised accounts. Using on-chain data investigations revealed several addresses associated with the hack.

The exploit led to losses amounting to roughly 16 million ADA worth approximately $2.4 million. However, further investigations indicated that SecondFi may have lost up to 129 million ADA due to exposure of other tokens and NFTs in addition to ADA.

Following these events, SecondFi has temporarily suspended service and placed itself into maintenance.

SecondFi is now demonstrating how vulnerabilities in the system used to generate wallets can compromise users’ ability to maintain their own private keys, putting users’ entire ecosystem at risk.

Security risks extend beyond the theft

The latest information from Secondfi indicates there is more at stake in this data breach than just the theft of money. It appears they also compromised the structure of the wallet.

Earlier investigations identified approximately 178 wallets affected by the exploit. However, SecondFi later found that the threat activates whenever affected users sign transactions with compromised addresses.

This discovery is significant because it fundamentally changes the threat model and the way security teams assess the vulnerability.

While Second Fi has successfully isolated and taken a full balance snapshot of the affected wallets during their containment efforts, the community’s perception of Second Fi has quickly begun to deteriorate.

One user openly challenged the team’s guidance, stating,

Millions were lost. People’s life savings vanished.

The criticism intensified further with claims that “nobody trusts anything being posted” and that disabling comments “says more than any statement ever could.” Those reactions suggest the crisis now extends beyond security losses and into a broader confidence problem for the platform.

Final Summary

Strategy is raising funds through equity sales and using that to add more Bitcoin [BTC] to its arsenal! As it stands, sentiment is weak, so investors are not fully back in profit-taking mode. Hence, the timing here is very peculiar.

Strategy sells… and buys too!

Between 15 and 21 June, Strategy sold 2.71 million MSTR shares through its at-the-market program. They raised $335.5 million in net proceeds. The company then used part of that capital to buy 520 BTC for $34.9 million, at an average price of $67,068 per Bitcoin.

As of 21 June, the company held 847,363 BTC, bought for a total of $64.1 billion at an average cost of $75,651 per coin. Its dollar reserves also rose to $1.4 billion.

Is the market very fragile?

Don’t let Strategy fool you though because the market doesn’t look like it’s recovering just yet.

At the time of writing, Bitcoin’s adjusted SOPR was still struggling around the key level of 1. Going above 1 usually means investors are selling coins at a profit while a move below 1 means losses are still being realized.

On the charts though, there seemed to be no confirmation.

Profit-taking from long-term holders has gone weaker too, so the market may even still be resetting.

Until the aSOPR reclaims 1 and holds above it, Strategy’s buying is certainly just buying the dip.

Bitcoin still needs better pace

Bitcoin‘s price bounced back near $64,300, but its recovery is not strong enough yet to call it a big reversal.

The RSI was around 42, with the pace improving from weaker levels but still below the bullish zone. The CMF was also close to neutral, but negative at -0.02. While capital inflows seemed to be improving, buyers have not asserted any dominance so far.

A move up would make the recovery more convincing. Until then, Bitcoin risks remaining a fragile rebound.

Final Summary

Strategy sold $335.5M worth of MSTR shares; used proceeds to buy 520 more Bitcoin.
Bitcoin’s market remains as fragile as ever.