06/25/2026
Jun 25: DeFi TVL Down 39% YTD Amid $942M in Hacks and Major Kelp DAO Exploit
$530M Bitcoin Buy Wall Forms at $60.5K Amid Liquidation Volatility · OpenAI Unveils Jalapeño, Its First Custom AI Chip with Broadcom · Bitcoin Slides Toward $59K as ETF Outflows Hit $5.9B and DXY Surges
Market Snapshot
- Bitcoin (BTC): $61,244 (-2.20% 24h)
- Ethereum (ETH): $1,635.68 (-2.16% 24h)
- Solana (SOL): $68.29 (-1.70% 24h)
- Notable: Spot Bitcoin ETFs saw a 13-day net outflow streak, with $5.94B in cumulative redemptions over six weeks (May 15–June 3, 2026).
Top Stories
- Bitcoin Slides Toward $59K as ETF Outflows Hit $5.9B and DXY Surges
- DeFi TVL Down 39% YTD Amid $942M in Hacks and Major Kelp DAO Exploit
- $530M Bitcoin Buy Wall Forms at $60.5K Amid Liquidation Volatility
- OpenAI Unveils Jalapeño, Its First Custom AI Chip with Broadcom
Key Takeaways
- Bitcoin faces mounting macro and structural headwinds, with ETF outflows and institutional selling compounding DXY strength.
- DeFi's $45B YTD TVL drawdown is driven by both cyclical market trends and a record pace of exploits, but is not as severe as prior bear cycles.
- Large buy walls and short interest clusters are creating volatile inflection points for BTC, but market conviction remains low.
- OpenAI's Jalapeño chip signals a shift toward custom AI hardware, but cost/performance claims await third-party validation.
What to Watch
All eyes are on Bitcoin's ability to hold the $59,000–$60,500 support zone as ETF outflows persist and macro volatility remains high. In DeFi, further fallout from the Kelp DAO exploit and ongoing security incidents could test user confidence and protocol resilience. The AI sector awaits independent benchmarks for OpenAI's Jalapeño chip, with broader implications for data center economics and Nvidia's market dominance. Upcoming US inflation data and central bank commentary may further sway crypto and tech markets in the days ahead.