Bitcoin ETFs shed $6.21 billion in 30 days as Fed rate-cut hopes fade, while Hong Kong launches a live e-HKD wholesale settlement trial and a four-year Zcash vulnerability rattles privacy coins. Your fast, analytical daily briefing across crypto markets, macro, CBDC, and on-chain data.
Audio is available on Spreaker — see link below.
Hong Kong just moved its wholesale central bank digital currency out of the research phase and into live trading. The Hong Kong Monetary Authority and HKEX have launched a real-value trial using e-HKD to settle derivatives margin payments during after-hours sessions.
The Philippines is moving in a parallel direction, though it's a step behind. The IMF has issued a technical report on Project Agila, the country's wholesale CBDC effort, urging clearer policy goals and measurable success metrics before the program scales.
Meanwhile, institutional demand in the public crypto market is moving in the opposite direction. Bitcoin ETFs have seen six point two one billion dollars in net outflows over the past thirty days.
Bitcoin's network has already begun adjusting. On June fourteenth, mining difficulty fell ten point zero nine percent, the second-largest drop of twenty-twenty-six, bringing the figure to one hundred twenty-four point nine three trillion.
One story with a different character this cycle. An AI-assisted security audit uncovered a four-year-old vulnerability in Zcash's Orchard shielded pool.
Heading into the weekend, Bitcoin is sitting at sixty-four thousand one hundred eleven dollars. Ethereum is at one thousand seven hundred thirty-five.
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