Cryptocurrency
How long will the bitcoin bear market last: Bitcoin shows signs of ending “crypto winter” – Glassnode

How long will the bitcoin bear market last? Bitcoin’s onchain activity has reached the same levels it did at the end of the 2018-2019 bear market, Glassnode found.
The current bitcoin market structure is comparable to the bear market of late 2018. This is the opinion expressed by Glassnode analysts in a blog post. However, despite the signs that the “crypto winter” is over, the network indicators still do not signal a reversal of the macroeconomic trend.
The researchers note that the bitcoin network is still not capturing the presence of demand for the cryptocurrency from investors, which is essential for a sustainable uptrend.
“The recent rise in prices has failed to attract a significant wave of new active users, which is especially noticeable among retail investors and speculators,” the analysts reported.
The lack of excitement among investors is also indicated by falling fees on the bitcoin network. The average bitcoin blockchain fee has fallen below one dollar. In comparison, the Ethereum network has an average commission twice as high.
Despite this, the current consolidation phase of the cycle bottom is “most likely,” Glassnode believes. According to experts, it is at current price levels that bitcoin can try to form a solid foundation for future growth. But keep in mind that the next bitcoin bear market is still waiting for us.
In the meantime, bitcoin (BTC) is still trading at the bottom of the correction pattern that has been in place since June 18. The direction of the trend remains unclear. Whether bitcoin will be able to move above the median channel line or will make a bearish break of the support line – read the special material here. At the time of writing, the bitcoin exchange rate in the BTC/USD pair is $21,503, according to Nomics.
We previously reported that Bitcoin and Ethereum exchange rates had daily low volatility.
Cryptocurrency
VeChain Kicksoff $15M StarGate Staking Program After SEC’s Staking Clarity

Layer 1 blockchain platform, VeChain, is set to launch its $15 million StarGate staking program on July 1. The latest rollout is expected to be one of its largest incentive initiatives amid broader industry interest in staking adoption following SEC guidance.
According to the official press release shared with CryptoPotato, the new program arrives days after the SEC clarified that protocol staking does not constitute a securities offering.
$15M StarGate Staking Program
StarGate introduces direct-from-protocol staking on the VeChainThor blockchain, utilizing NFT technology, which enables holders with as few as 10,000 VET to participate while earning higher rewards under the network’s upgraded Weighted Delegated Proof of Stake system.
The program forms a core part of the VeChain Renaissance roadmap, which is the blockchain’s most significant technical overhaul to date, and features enhanced tokenomics, EVM equivalence, and a reworked staking structure. The primary goal of these features is to make VeChainThor more appealing to developers and institutional participants.
In an effort to drive early adoption, the VeChain Foundation has allocated 5.48 billion VTHO tokens, which are valued at approximately $15 million. This will provide a six-month bonus rewards pool that will boost APY for participants who migrate their nodes or stake VET during the program’s initial phase.
Approved staking tiers will range from the Dawn tier, requiring 10,000 VET, to the Mjolnir X tier, requiring 15.6 million VET. The structure also offers higher yields for larger commitments, while smaller holders will still earn rewards within the new system.
VeChain Applauds SEC Ruling on Staking
The launch comes as ETF issuers and banks weigh staking integrations following the SEC’s landmark decision wherein the agency ruled that protocol staking does not constitute a securities offering, and removed registration requirements for solo, self-custodial, and custodial staking. Applying the Howey test, the SEC found that staking rewards stem from participants’ actions, not others’ efforts.
Responding to this clarification, VeChain CEO and Founder, Sunny Lu, said,
“The SEC’s recent guidance validates what we’ve been building toward: a fully compliant, accessible staking model that treats rewards as compensation for network services rather than investment returns. Our innovative approach of leveraging NFTs to represent participation ensures both simplicity for users and full regulatory alignment.”
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Cryptocurrency
Hackers Suck at Trading: The Story of How This Fraudster Lost $7M Trading ETH

An on-chain analytics firm analyzes the losses from a fraudulent wallet.
The beauty of trading on-chain lies in the fact that every transaction is 100% public – that goes for both professional traders, beginners, and, believe it or not – even hackers.
This is the story of a supposed fraudster who lost millions in a bad trade.
Hackers Are Not Savvy Traders
Lookonchain, a popular blockchain analysis firm, noted the activity early this morning on its account on the social media platform X.
The wallet in question, which, according to the analysts is linked to illicit hacking activities, received 12,282 Ethereum (ETH) three months ago, valued at around $23.72 million at that time, and sold it at $1,932 per coin.
Earlier today, the same culprit purchased 4,958 ETH at $2,495, totaling $ 12.37 million.
This results in a de-facto loss of around $6.9 million, as noted by Lookonchain.
It’s Not Just Cybercriminals Out Of Luck
As CryptoPotato reported yesterday, it’s not just bad actors that wind up out of pocket.
We noted two separate instances in which two traders, cumulatively, lost multiple millions on very high-risk, overleveraged trades.
Both were testing their luck with 40x and even 50x leverage, only to see their positions shrink as the markets did not turn in their favor.
One tried one too many times to come on top, and the other one failed to realize a significant profit.
This just goes to show that testing fate can quickly lead to an enormous shortfall, regardless of the trader’s intention and the manner in which the funds used for the transactions were obtained.
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Cryptocurrency
Shiba Inu-Themed Meme Coin Tanks After OKX Says Goodbye: Details

TL;DR
- A popular meme coin within SHIB’s ecosystem nosedived by double digits after OKX withdrew its support.
- Team member LUCIE addressed the panic, urging users to embrace DeFi over centralized platforms and warning that even major exchanges aren’t immune to collapse.
BONE Heads South
Shiba Inu (SHIB) is a meme coin that has evolved into a robust ecosystem over the past few years. One of the most popular tokens within the network is Bone ShibaSwap (BONE).
The asset has not been in its best shape lately, posting a 32% decline on a monthly scale and plunging by 12% in the past 24 hours alone.
The main reason triggering the latest downfall is OKX’s decision to withdraw its support from the meme coin. The well-known cryptocurrency exchange announced that it will delist several digital assets on July 7, with BONE included in the list.
OKX has already suspended deposits involving the token, while withdrawals will be terminated by the end of September.
“We will continue to monitor all listed trading pairs and implement the delisting/hiding mechanism as necessary,” the company concluded.
OKX boasts over 50 million users globally and is among the behemoths in its field. When it withdraws support for a token, it often leads to negative price impacts driven by reduced liquidity, limited access, and potential reputational concerns.
BONE saw the light of day in the summer of 2021 alongside the debut of ShibaSwap – Shiba Inu’s decentralized exchange. It enables holders to vote on development proposals and influence protocol decisions, serves as a reward for liquidity providers, and functions as a gas token for Shibarium. During its early days, its price skyrocketed above $15, while currently, it trades at a mere $0.18.
The Community’s Reaction
One person who gave their two cents on the delisting effort is the X user LUCIE, who serves as Shibarium’s marketing strategist. The team member thinks there’s much panic over two (unnamed) “manipulative” exchanges that have withdrawn their support from the token.
LUCIE said they don’t want to be involved in the drama, putting their trust in DeFi and highlighting its advantages over centralized platforms:
“I trust DeFi. Use good exchanges only to exchange. We’re here to build and embrace DeFi – and simplify it so even beginners can onboard without needing 2FA, KYC, and a blood sample just to get started.”
Shibarium’s executive also noted that SHIB and other cryptocurrencies, like XRP, have faced similar FUD (Fear, Uncertainty, and Doubt) but have survived the backlash over the years. At the same time, LUCIE reminded about the demise of former giants like FTX and WazirX, hinting that centralized exchanges are not immune to another collapse of that type.
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