In today’s crypto news (June 24), Bitcoin is struggling to reclaim $63,000, and this weakness has sparked fears of an upcoming drop to $60,000. Although BTC/USD is stuck in a tight range, Michael Saylor’s strategy has started buying Bitcoin again.
Liquidations have calmed down compared to yesterday, with only $346 million recovered, down from more than $575 million. Of this $346 million figure, $278 million were liquidations of long positions.
While BTC and ETH are down -0.5% and -1% respectively over the past 24 hours, SUI and AVAX are two of the only large caps in the green today. SUI is up +2% while AVAX is up +3.5% since yesterday. Trading volume has increased slightly since yesterday, now reaching $76 billion, up from $68 billion.
As Bitcoin and the market as a whole continue to bleed, the Fear and Greed Index has fallen to 17/100, falling below the 20-25 range that had held steady over the past week and indicating a new wave of investor concern.
Crypto News Today: THORChain Resumes Operations After $11 Million Feat
THORChain has resumed operations after more than five weeks of shutdown. On Tuesday, the decentralized cross-chain liquidity protocol announced that 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 first decentralized Bitcoin exchange, allowing users to exchange native assets between 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 security firm PeckShield reported an alleged exploit affecting Bitcoin, Ethereum, BNB Chain and Base.
This vulnerability resulted in approximately $10.7 million being withdrawn from one of the protocol’s Asgard vaults, while the other five vaults were unaffected.
THORChain is back online after May exploit
After more than a month offline, @THORChain has resumed trading.
According to the protocol, signing, processing, securing and exchanging assets, LP shares and swaps are all operational.
The Bitcoin DEX was minted in May,… pic.twitter.com/8lpjPB9p1B
– BSCN (@BSCNews) June 23, 2026
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Chainlink joins 47 European and South Korean banks to accelerate stablecoin payments
In other crypto news today, Chainlink has joined Project Pangea, a collaboration of 47 banks aimed at improving cross-border payments with stablecoins. The initiative aims to reduce settlement times for foreign exchange transactions from two days to near instantaneous execution.
It involves the European banking consortium Qivalis and the South Korean alliance UniKA, which together manage more than $10 trillion in assets, highlighting the importance of this project and the involvement of Chainlink.
Focusing on the Europe-South Korea trade corridor, with more than $150 billion in annual trade, banks will use stablecoins denominated in euros and Korean won for real-time transaction settlement.
The Payment-for-Payment (PvP) model will enable simultaneous currency exchanges, reducing both settlement risk and liquidity requirements, a key feature of the project.
Importantly, the initiative will be compatible with existing infrastructure such as SWIFT and ISO 20022, leveraging Chainlink for interoperability with blockchain systems.
Another day, another proof that Chainlink powers real-world TradFi use cases
@Chainlink and a coalition of 50+ global banks, representing over $10 trillion in assets under management, come together to launch Project Pangea and unlock real-time T+0 atomic settlement for international FX… pic.twitter.com/5YCczmgFB8
-Zach Rynes | CLG (@ChainLinkGod) June 23, 2026
@Chainlink and a coalition of 50+ global banks, representing over $10 trillion in assets under management, come together to launch Project Pangea and unlock real-time T+0 atomic settlement for international FX…
The post Crypto News Today (June 24): BTC struggles to reclaim $63,000, THORChain resumes trading and Chainlink joins Bank Stablecoin Push appeared first on 99Bitcoins.
