This month, Bitcoin’s hashrate fell 15% amid the summer heat wave, highlighting the U.S. power grid. Crypto Hacks and exploits accumulated record numbers, bringing investors and platforms to $150 million in June alone.
Additionally, businesses follow the example of vocal Bitcoin (BTC) Supporter and executive chairman of strategy Michael Saylor added BTC to the balance sheet. According to industry tracking services, 250 companies now own some form of Bitcoin Treasury.
Regulators in Asia are weakening their stance on cryptocurrencies, with new laws enacting crypto tax exemptions and licenses to issue Stablecoin issuance in four different countries, including Hong Kong and South Korea.
In the U.S., legislation is conducted at the state level, with 10 of which are working to include cryptocurrencies in their business regulations, establish Bitcoin reserves, and further study how cryptocurrencies affect their state’s economies.
Here are the numbers for June:
Bitcoin’s hashrat fell 15% in June
Hashrat of the Bitcoin Network (a measure of total computing power on the Bitcoin blockchain) sees a Significant drop of 15% In one month.
Starting from 942.6 million Terahashes/sec (TH/S), the current tax rate is 799 million TH/s. Rapid observers speculated on the possible reasons behind the reduction, the steepest fall of Bitcoin hashrat in three years.
Although some speculate that the possible reason might be Israeli attacks on Iran, which target critical infrastructure, including those that Iran can use to mine Bitcoin, the link is weak.
Hashirat has already declined, and mining activity in the United States has increased significantly due to its first summer heat wave, and it has been experiencing peak electricity prices. Increased demand for cooling will cause prices to rise and backup capacity to disappear, which may cause miners to operate on thin edges to turn the switch operations until conditions cool down.
Crypto Hacks cost rose by $150 million in June
Crypto hackers are getting higher and higher, losing $150 million in hacking and vulnerabilities in June.
The losses in June have brought the total number of cryptocurrencies lost by hackers to $2.15 billion this year. Report Consisting of TRM Labs – $500 million higher than the same time frame in 2024.
According to TRM, infrastructure attacks, including “private key and seed phrase thefts and front-end compromises”, account for 80% of the losses in 2025.
Accordingly, protocol attacks – i.e., attacks that “target the smart contract or vulnerabilities in the core logic of the blockchain protocol”, including flash loans and reentry attacks – account for only 12% of the losses.
TRM is particularly concerned with “the growing strategic intentions of national players and other geopolitical motivated groups”, whose countries need more collaboration and need to “strengthen basic security – multifactorial authentication (MFA), refrigeration and frequent audits”.
250 businesses hold BTC on their balance sheets
After seeing the success of the software company strategy, more and more companies are adding bitcoin to their balance sheets. About 26 companies added assets to their balance sheets, bringing the total number of companies owning Bitcoin to 250.
Michael Saylor pioneered the idea of putting bitcoin on the company’s balance sheet. Since then, Strategy’s stock has evolved into a proxy tool for investors to access Bitcoin.
Related: Michael Saylor’s strategy has a 91% chance of joining the S&P 500 Q2: Analysts
Saylor’s strategy to issue debt to fund these Bitcoin purchases has gained the foundation; the share price of strategy companies is growing despite the increase in issuance. In June, MSTR rose 6%.
Not all observers believe in this strategy. A June report from Venture Capital (VC) company Breed said few Bitcoin Treasury companies can continue. company Seven-step cycles are proposedTriggered by the supposed Bitcoin price crash and peaked in BTC clearing and market panic.
Four Asian countries are encrypted
Four different jurisdictions across Asia made changes to crypto-friendly policies in June. In Thailand, the Cabinet – the main body of the government administration – Approved the proposal from the Ministry of Finance Cryptocurrency is tax-free until December 31, 2029.
In South Korea, newly elected President Lee Jae-Myung ruled the Democratic Party The “Digital Asset Basic Law” was proposed Conform campaign commitments to allow stable issuance. The bill would allow companies with at least $368,000 to issue Stablecoins and provide a money back guarantee.
On June 20, the governor of the Central Bank of Korea Say he doesn’t object to the issuance In a winning Stablecoin, he said: “Issuing winning Stablecoin can make it easier for them to exchange with Dollar Stablecoin instead of working to reduce the use of the dollar Stablecoin.”
There is a Malaysian Launched a regulatory sandbox Known as the Digital Asset Innovation Center, and in Hong Kong, securities regulators are Working on a framework This will allow crypto derivatives to be used for professional investors.
Five major crypto companies are licensed worldwide
Adopting cryptocurrencies at the government level, but that also means there are some new and evolving licensing frameworks where crypto businesses like exchanges need to ensure they keep their business and enter new markets. In June, five major crypto businesses were licensed in different jurisdictions.
Coinbase, Gemini and Cleken Crypto Assets (MICA) regulatory frameworks are licensed. This certification will enable them to serve customers in the European market.
Recent: Coinbase obtains mica license to call Luxembourg the EU headquarters
bite Obtain a license Moonpay, a cryptocurrency-related company in the Caucasus country, and Score New York State regulator from the United States.
Fintech company Ant Group and e-commerce giant JD.com are looking for certifications related to StableCoins. Ant Group Point out that it is currently looking for Licenses in Hong Kong and Singapore, and JD.com founder Liu Qiangdong Announced extensive global certification Push into stable space. It is not clear whether JD.com is seeking permission.
Seven states pass U.S. crypto-related laws
While the cryptocurrency industry can count the victory at the federal level this month, and the Genius Act passed the Senate on June 17, seven states have made progress with their own cryptocurrency-related legislation.
Oregon has amended state laws regarding abandoned property to include cryptocurrencies. Colorado does the same thing, while also creating a law that requires crypto ATM owners to disclose certain information to customers and provide refunds in case of fraud.
Texas Governor Gregg Abbott signed the state’s Bitcoin Reserves Act, while enacting a law that requires cryptocurrencies to be linked to misdemeanor or felonies.
Louisiana has established a licensing structure for crypto kiosk providers, while also creating a subcommittee to study blockchain, encryption and artificial intelligence.
Connecticut has updated currency transfer rules and requirements, including cryptocurrency kiosks, especially crypto information kiosks, and introduced the same licensing requirement. The neighboring state of Rhode Island also introduced the standards for cryptocurrency ATMs and established a special legislative committee to study blockchain and cryptocurrencies.
Florida seems less eager to pass the rules of crypto booths. H0319 is a bill that requires Bitcoin kiosks to be registered with the Financial Regulatory Office, died from the Commission.
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