Crypto News Today (June 24): BTC Struggling to Reclaim $63K, THORChain Resumes Trading, and Chainlink Joins Bank Stablecoin Push

Guy Fawkes 2026.06.25 3 min read

In crypto news today (June 24), Bitcoin is struggling to reclaim $63,000, and this weakness has sparked fears that a drop to $60,000 is coming next. Although BTC/USD is stuck in a tight range, Michael Saylor’s Strategy has begun buying Bitcoin again.

Liquidations have cooled off from yesterday, with just $346M picked up, down from over $ 575M. Of that $346M figure, $278M was liquidations of long positions.

While BTC and ETH are down -0.5% and -1% in the past 24-hours, respectively, SUI and AVAX are two of the only major caps in the green today. SUI is up +2% while AVAX is up +3.5% since yesterday. Trading volume has picked up slightly since yesterday, now at $76Bn, up from $68Bn.

With Bitcoin and the broader market continuing to bleed, the Fear & Greed Index dropped to 17/100, falling below the 20-25 range that had held steady over the past week and indicating a fresh wave of investor concern.

Crypto News Today: THORChain Resumes Operations Following $11M Exploit

THORChain has resumed trading after more than five weeks of downtime. On Tuesday, the decentralized cross-chain liquidity protocol announced it had restored operations, ending the pause triggered by a May exploit.

According to the team, transaction signing, liquidity provider actions, and swaps are now available again. THORChain positions itself as the world’s leading decentralized exchange for Bitcoin, allowing users to swap native assets across different blockchains without the need to wrap tokens or rely on centralized intermediaries for bridging.

Trading on THORChain was halted on May 15 after blockchain investigator ZachXBT and the security firm PeckShield reported a suspected exploit affecting Bitcoin, Ethereum, BNB Chain, and Base.

This vulnerability led to the withdrawal of approximately $10.7M from one of the protocol’s Asgard vaults, while the other five vaults remained unaffected.

THORChain is Back Online Following May Exploit

After more than a month offline, @THORChain has resumed trading.

According to the protocol, signing, churning, securing, and trading assets, LP actions, and swaps are all up and running.

The Bitcoin DEX got hit back in May,… pic.twitter.com/8lpjPB9p1B

— BSCN (@BSCNews) June 23, 2026

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Chainlink Joins 47 European and South Korean Banks to Speed up Stablecoin Payments

In other crypto news today, Chainlink has joined Project Pangea, a collaboration of 47 banks aiming to enhance cross-border payments with stablecoins. The initiative seeks to reduce foreign exchange settlement times from two days to near-instant execution.

It involves the European banking consortium Qivalis and South Korea’s UniKA alliance, which together manage over $10 trillion in assets, highlighting the significance of this project and Chainlink’s involvement.

Focusing on the Europe–South Korea trade corridor, with over $150Bn in annual trade, banks will use euro- and Korean won-denominated stablecoins for real-time settlement of transactions.

The Payment-versus-Payment (PvP) model will enable simultaneous currency exchanges, lowering both settlement risk and liquidity requirements, a key feature for the project.

Importantly, the initiative will be compatible with existing infrastructures such as SWIFT and ISO 20022, leveraging Chainlink for interoperability with blockchain systems.

Another day, another proof point of Chainlink powering real-world TradFi use cases @Chainlink and a coalition of 50+ global banks, representing $10T+ in AUM, are coming together to launch Project Pangea and unlock real-time T+0 atomic settlement for the international FX… https://t.co/wWg2LLwp5E pic.twitter.com/5YCczmgFB8

— Zach Rynes | CLG (@ChainLinkGod) June 23, 2026