In crypto news today: Crypto market is red today The Block Moves Larry Cermak to President and Kaleb Jessee to CEO Bybit Kazakhstan and Bank CenterCredit Launch Direct Fiat Channel Etherlink Hackathon 2025: Summer of Code Launches with $40,000 in Prizes __________ Crypto market is red today The global cryptocurrency market capitalization has decreased by another 3.5% to $3.36 trillion. At the time of writing, the daily crypto trading volume is at $112 billion, similar to the levels seen yesterday. All the top 10 coins per market capitalization dropped today. Bitcoin (BTC) is down by 0.6%, below the $105,000 level, currently trading at $104,570. This is the smallest decrease in this category. Furthermore, Ethereum (ETH) decreased by 1.7%, now changing hands at $2,508. This is the second-smallest decrease in this category. The highest fall is 3.3% recorded by Tron (TRX) , now standing at $0.2696. Meanwhile, only six of the top 100 coins are green at the time of writing. Kaia (KAIA) saw the highest rise in this category, having appreciated 2.4%, now trading at $0.1613. On the other side, Virtuals Protocol (VIRTUAL)’s 8.6% is the category’s highest drop. The coin currently changes hands at $1.63. Read more: Why Is Crypto Down Today? – June 18, 2025 The crypto market is down again today. Just two of the top 100 coins have recorded increases over the past 24 hours. Moreover, the cryptocurrency market capitalization has decreased by another 3.9% to $3.38 trillion. The total crypto trading volume is at $112 billion, similar to the levels seen yesterday.Crypto Winners & LosersAll top 10 coins per market cap are down today.Bitcoin (BTC) fell by 1.6% and below the $105,000 level, now trading at $104,971.Also, Ethereum... The Block Moves Larry Cermak to President and Kaleb Jessee to CEO The Block , a provider of crypto news and data, has announced a strategic leadership transition. This specifically concerns the President, CEO, Head of Growth, and Editor-in-Chief positions. Excited to embark on a new role here at the Block. Even more excited to give the freedom back to @lawmaster to be able to really invest his time on the projects that help us move our brand/voice forward! LFG https://t.co/YnNThd89IW — Kaleb Jessee (@ThruThePhog) June 18, 2025 Larry Cermak has served as CEO since March 2023 and is now President. He will focus on advancing research, data capabilities, and product innovation. Moreover, Chief Revenue Officer Kaleb Jessee has succeeded Cermak as Chief Executive Officer. Meanwhile, Tim Copeland, previously Editor-in-Chief, has transitioned to Head of Growth, and Adam James has been appointed Editor-in-Chief. You may also like: Foresight Ventures Acquires The Block in $70 Million Deal Crypto news site The Block has been sold to venture capital group Foresight Ventures in a $70 million deal.Foresight Ventures will acquire a 80% share of the company, Axios reported. The Block CEO Larry Cermak said in an X post on Monday that the acquisition would provide the company with more capital to “build out new exciting products” and expand into Asia and the Middle East.Cermak also announced that he would be remaining as CEO. Foresight CEO Forest Bai will become... Bybit Kazakhstan and Bank CenterCredit Launch Direct Fiat Channel Crypto exchange Bybit Kazakhstan has launched a fiat deposit and withdrawal channel in partnership with Bank CenterCredit , a major financial institution in the country. According to the press release, the partnership allows Bybit Kazakhstan users to deposit and withdraw fiat funds in Kazakhstani tenge (KZT) directly through their bank accounts at Bank CenterCredit. Additionally, the team argues that the new fiat channel further positions Bybit Kazakhstan as a key player in the region. It is “a major step in building a secure and regulated crypto-fiat channel tailored for local users.” This latest launch follows the recent rollout of Bybit Kazakhstan’s local platform, with the company following a long-term plan for building within the region. You may also like: Bybit Secures Austria’s MiCA License, Unlocking Access to 29 EU States Bybit, the world’s second-largest crypto exchange by trading volume, has officially planted its flag in Europe. The company has received a Markets in Crypto-Assets Regulation (MiCAR) license from Austria’s Financial Market Authority (FMA), as stated in a May 29 news release.This latest approval positions Bybit to offer regulated crypto services across 29 EEA countries, reaching up to 500 million users. Bybit said it has also launched its European headquarters in Vienna.Regulatory... Etherlink Hackathon 2025: Summer of Code Launches with $40,000 in Prizes Trilitech , the London-based Tezos R&D Hub, and Encode Club , a blockchain education and community platform, have announced the launch of a new hackathon, the Etherlink Hackathon 2025: Summer of Code . Per the press release, it will begin on 3 July at TezDev , the annual blockchain conference for the Tezos ecosystem. Developers from across the world will have a chance to build innovative applications on the Tezos L2 network Etherlink. The event will last for a month, until 3 August, when finalists will present their projects live. Source: etherlink.encode.club The hackathon will feature four distinct tracks, each with awards of $4,050 for first place, $2,700 for second, and $1,350 for third. Additional special awards include a $5,400 Grand Prize for Best Overall Project, a $1,350 Community Choice Award (per public vote), and $1,350 in honorable mentions for promising projects that deserve recognition, the announcement says. Moreover, the event will provide an opportunity for the projects to receive mentorship from experts within the Tezos ecosystem. You may also like: Ethereum Whale Accumulation Hits 7-Year High with 871K ETH Surge — What’s Next for ETH Price? Ethereum is seeing its most aggressive whale accumulation in seven years, raising speculations about what comes next for the world’s second-largest cryptocurrency.According to data from Glassnode, wallets holding between 1,000 and 10,000 ETH added more than 871,000 ETH in a single day on June 12, marking the highest daily net inflow year-to-date.Over the past week, daily accumulation has consistently topped 800,000 ETH, pushing the total held by these wallets to over 14.3 million... __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
