BNB Falls Below 640 USDT Despite 2.56% Rise

On June 24, 2025, BNB’s price fell to 639.84 USDT despite a slight rise of 2.56%. A prominent Bitcoin investor reported substantial profits from their recent trades. Regulatory changes are on the horizon, particularly in Turkey and Japan. Binance announces new listings, while security threats from spyware persist in the crypto market. Investors are also watching for developments surrounding executive orders that may affect crypto firms.

As of June 24, 2025, BNB has fallen below the 640 USDT mark, now trading at 639.84 USDT. While this number shows a slight increase of 2.56% over the past 24 hours, it nevertheless indicates a broader trend of volatility in the cryptocurrency market.

In more positive news, a Bitcoin investor has recently profited markedly from a short position, closing 314 BTC for $1.695 million. Their overall monthly earnings have now reached $10.048 million, demonstrating the potential for strategic trading in such a fluctuating market environment.

On the exchanges, Binance Alpha is gearing up to list Newton Protocol (NEWT) on June 24, offering eligible users a chance to claim 125 NEWT tokens through their Binance Alpha Points. Similarly, the DeLorean (DMC) token has also been introduced, starting at $0.016974 but is currently trading lower at around $0.008323 despite airdrop opportunities for users.

In regulatory news, Turkey is tightening its grip on cryptocurrency transactions. The Ministry of Treasury and Finance outlined plans for stricter oversight of Crypto Asset Service Providers, focusing on tracking fund sources and imposing limits on stablecoin transfers. These measures aim to reduce money laundering while enabling legitimate crypto activities.

In Japan, the Financial Services Agency is reconsidering how crypto assets are classified, potentially lowering the capital gains tax to a standardised 20%. Such changes demonstrate a shift in how jurisdictions are starting to accommodate digital assets within their financial frameworks.

Another interesting development is the reported 18.2% rise in Bitcoin mining revenue for May, attributed to a substantial price jump and an increase in mining efficiency. North American miners are particularly gaining ground in this burgeoning sector.

Meanwhile, Kaspersky has alerted users to a new spyware, named SparkKitty, which targets app store data including mnemonic phrases and cryptocurrency wallet details—highlighting ongoing cybersecurity risks in the crypto space.

On the bright side, SUI token has rebounded significantly, gaining around 15% after a lengthy decline, now trading at $2.79. This indicates a possible recovery or renewed optimism among investors in the market.

Additionally, the Trump administration is contemplating an executive order aimed at protecting cryptocurrency firms from service denial by banks based on political biases. This comes amid rising concerns over the so-called ‘Operation Chokepoint 2.0’ initiative that many fear could hinder crypto operations.

Recently, Derlin Holdings announced a partnership with ViaBTC aimed at developing OTC cryptocurrency trading services. Such collaborations could herald new opportunities in the OTC markets, essential for larger trades.

In a further expansion of investment options, Grayscale has launched an investment trust for SXT tokens, an offering that could pique interest from those looking at decentralised applications and blockchain technology.

In the U.S., the Senate is addressing market structure challenges, as Anchorage co-founder Nathan McCauley advocated for new measures to protect customer assets should cryptocurrency platforms face bankruptcy.

Chainlink (LINK) made headlines with an 8.4% increase, driving a positive uptick across the CoinDesk 20 Index. The index noted an overall gain of 4% among listed assets, showcasing some bullish trends.

Binance’s CEO, Richard Teng, mentioned that emerging AI tools can greatly aid retail traders, potentially enhancing their decision-making capabilities in the ever-evolving crypto landscape.

Polymarket is close to finalising a $200 million funding round at a $1 billion valuation, with interest mounting as the platform seeks to innovate.

Belgravia Hartford Capital’s recent revelation of a Bitcoin-backed financing scheme indicates growing interest in leveraging Bitcoin assets for capital.

Despite facing a 70% decline earlier, Pi Network’s price saw a slight rally of 5% as speculation grows around an upcoming major update slated for June 28.

Aptos Labs and Jump Crypto have unveiled ‘Shelby,’ a storage network aiming to bolster infrastructure for web3 apps, marking a significant step in decentralised tech solutions.

In other news, Unicoin Inc. has gained a significant stake in Diamond Lake Minerals to strengthen its altcoin reserve strategy, rebranding the company as DiamondLake Inc.

Mastercard is also making strides, integrating various stablecoins into its network to facilitate smoother daily transactions, reflecting a wider acceptance of digital currencies in everyday finance.

Federal Reserve Chair Jerome Powell has been advocating a cautious stance on rate adjustments, signalling his confidence in economic stability while indicating that the time may not yet be ripe for major policy shifts.

Finally, excitement in altcoins continues as many tokens jockey for position amid a mixed market, with traders keenly watching for further regulatory developments and market opportunities as they unfold.