In crypto news today (June 25), BTC USD crashed below $60,000 late yesterday but has since recovered to $61,500, with nearly $1Bn in liquidations piling up and $780M of that $994M figure coming from long positions.
The Bitcoin crash coincided with ETF flows seeing $469M exit the various BTC funds, the largest day of outflows this month, and unsurprisingly, BlackRock leading the way with $239M of that figure being from the IBIT ETF.
While BTC and ETH are down around -2% each over the past 24 hours, HYPE and AVAX are two of the few major caps in the green today. HYPE is up +3% while AVAX is up +2.5% since yesterday. With the volatile price action, trading volume has picked up to $98Bn, up from $76Bn yesterday.
With Bitcoin briefly dropping below $60K, the Fear & Greed Index also dropped to 12/100, down from 24/100 just two days ago. The index is back near all-time lows, and another drop below $60K will likely see single-digit readings next.
Crypto News Today: Standard Chartered Makes Bold AAVE Call, Claims $3,500 by 2030
Standard Chartered has begun coverage of AAVE, predicting the token could reach $3,500 by the end of 2030. The bank cites the recovery of decentralized finance (DeFi) and growth in tokenized real-world assets (RWA) as key factors that could benefit Aave significantly.
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, notes that Aave has already bounced back from the April incident affecting DeFi and remains a leader in decentralized lending.
Kendrick’s $3,500 price target suggests a 50-fold increase from current levels, potentially allowing AAVE to outperform Bitcoin and Ethereum. The bank expects tokenized assets in DeFi to grow approximately 37-fold by the decade’s end.
Aave’s revenue and token value are likely to benefit from higher lending activity, and a relaunch of Aave’s buyback program and its Horizon initiative, focused on lending against tokenized real-world assets, could serve as additional growth catalysts.
Standard Chartered targets Aave at $3,500 by 2030, implying 50x gain
Geoff Kendrick, head of digital assets research at Standard Chartered, initiated coverage of the Aave lending protocol with a price target of $3,500 by end-2030, up from current levels near $70.
Kendrick… pic.twitter.com/T0327sVE00— NewsTongue (@NewsTongueX) June 24, 2026
Binance Seeking a Different EU Country for MiCA License Following Greece Drama
In other crypto news today, leading exchange Binance is considering a change in its strategy for obtaining an EU license after facing challenges with its application in Greece.
Gillian Lynch, Binance’s head of Europe and the UK, stated that the exchange is not leaving Europe and may seek authorization in another EU country if progress in Greece stalls.
The company has contacted several regulators, but as of right now has only formally applied in Greece, while also discussing options with Ireland and Latvia.
Regulators have expressed concerns about Binance’s history with money-laundering penalties and its overall risk management. The situation is urgent due to the MiCA deadline, which requires crypto firms without authorization to cease operations in the EU after July 1.
Although Binance denied reports about a potential rejection of its application, the Hellenic Capital Market Commission found the submitted documents compliant, but further review by ESMA is still needed.
To our European users: we understand regulatory uncertainty can be frustrating.
We remain committed to securing a MiCA licence in the coming months, while providing clarity, minimising disruption, and keeping users informed directly.
Your funds remain safe and secure. For… https://t.co/gIZUZ7KPhi
— Richard Teng (@_RichardTeng) June 24, 2026
The post Crypto News Today (June 25): BTC Crashed Below $60K, Already Back to $61K, More Binance EU Licence Drama, and Standard Chartered Calls for AAVE to Hit $3,500 appeared first on 99Bitcoins.
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