Weekly Recap | ETF Outflows Hit $6.35B, EU AML Rules Ahead, Free World Cup Final Tickets on Echobit
2026.06.22
Review of Last Week (June 15 – June 21)
Last week, the crypto market remained in a consolidation phase near local lows, with liquidity conditions staying relatively tight. Major cryptocurrencies traded sideways within a narrow range, while market sentiment remained cautious. Institutional flows continued to face pressure, with U.S. spot Bitcoin ETFs recording approximately $227 million in net outflows over the week.
This week, the crypto market is expected to remain under pressure from the Federal Reserve’s hawkish monetary stance and a stronger U.S. dollar. Bitcoin continues to trade within a consolidation range, while tightening liquidity conditions and persistent ETF outflows increase downside risks, particularly if inflation data comes in above expectations.
In this report, we take a quick look at the key developments from the past week and highlight the major events and trends to watch in the week ahead.
Market Pulse
- Bitcoin mining difficulty has fallen more than 20% from its all-time high, marking the largest decline since 2021.
- Bitcoin ETFs recorded $6.35 billion in net outflows over the past 30 days, setting a new record.
- U.S. real estate investment firm Cardone Capital acquired an additional 282 BTC.
- Charles Schwab announced plans to enter the S&P 500 prediction market sector.
- Morgan Stanley submitted second amended filings for Ethereum and Solana ETF applications.
- Goldman Sachs lowered its gold price target and expects no Federal Reserve rate cuts this year.
- Tether will discontinue the issuance of its gold-backed synthetic stablecoin aUSDT.
- The U.S. government transferred approximately $349,000 worth of assets seized from FTX/Alameda.
Funding & M&A
A total of 11 funding rounds were announced last week, raising more than $260 million, primarily across infrastructure and DeFi sectors:
- Stablecoin payments infrastructure provider Trace Finance raised $32 million in a Series A round led by CoinFund.
- Compliance-focused stablecoin startup Range secured $8.3 million in Series A funding.
- Digital asset depositary receipt issuer RDC completed a $7 million financing round.
- NewGen invested $10 million into prediction market platform K25.ai as part of its Pre-Series A round.
- Real-time payments platform Interchecks raised $50 million in a Series C round.
- Galaxy Ventures and CIM co-led Karta’s $140 million Series A financing.
- Paradigm led a $9 million funding round for El Dorado, expanding Latin American cross-border payment infrastructure.
Policy & Compliance
- The European Union will implement new anti-money laundering regulations in July 2027, banning privacy coins and anonymous accounts.
- Japan’s Financial Services Agency issued a partial business suspension order to Moomoo Securities, prohibiting new account openings for three months.
- Oman now requires licensed Bitcoin miners to connect to the national mining pool.
- The Federal Reserve is considering customer identification requirements for certain stablecoin issuers.
- CME plans to sue the CFTC over its approval of crypto perpetual futures products.
- Russia will allow USDC to enter its regulated cryptocurrency market.
- Illinois became the first U.S. state to introduce a digital asset transaction tax, scheduled to take effect on January 1, 2027.
Echobit Highlights
- Echobit June Futures Trading Competition continues to drive trading participation and market engagement.
- Echobit June Trading Frenzy remains active, providing users with diverse trading opportunities.
- Echobit World Cup Prediction Carnival is underway, bringing interactive sports-themed experiences to the community.
- Echobit and Galxe continue their World Cup Prediction Carnival Giveaway campaign, expanding community engagement.
- Echobit has launched its Free World Cup Final Ticket Campaign, offering exclusive rewards for football fans.
- Echobit Thursday Frenzy weekly community events continue to maintain strong engagement.
- Echobit Spot The Hidden challenge has been launched, adding entertainment-driven interaction.
- Echobit Chart Prediction continues to encourage market participation through forecasting activities.
- Echobit World Cup Photo Contest is now live, inviting users to share memorable tournament moments.
- Echobit and Galxe have launched the 2026 World Cup Carnival campaign to expand ecosystem participation.
- Echobit released its World Cup Carnival Activity Calendar to help users stay updated on upcoming events.
Next Week Preview (June 22 – June 28)
- South Korea’s Financial Services Commission will implement its Seven Principles for Financial AI on June 22.
- Zama, Morpho, and Steakhouse will jointly launch a confidential DeFi yield vault on Ethereum.
- The Federal Reserve will release the results of its annual bank stress tests.
- Base will activate the Beryl hard fork on mainnet on June 26, introducing the B20 native token standard.
- MegaETH will unlock approximately 250 million tokens, valued at around $13.5 million.
- Newton Protocol will unlock approximately 139 million tokens, valued at around $7.6 million.
Echobit will continue tracking major developments across the global crypto industry, covering market movements, regulatory trends, and investment opportunities to help users stay informed and ahead of the market cycle.