Bitcoin network usage is accelerating even as the token remains below its record price. Activity is being driven by Ordinals and Runes, which are boosting demand for block space. At the same time, ongoing outflows from spot Bitcoin ETFs are adding pressure to BTC’s price.

U.S. humanoid robot maker Agility Robotics is preparing to list on Wall Street through a SPAC merger with Churchill Capital. The companies said Wednesday they signed a definitive merger agreement, valuing Agility at $2.5 billion pre-money. The combined company is expected to trade under the ticker “AGLT” on a major North American exchange.

Kalshi CEO Tarek Mansour has confirmed the prediction-market operator will not go public this year, even as annualized revenue has exceeded $2 billion and its private valuation stands at $22 billion, according to reports. The company has held informal conversations with investment banks about a future listing. People familiar with Kalshi’s finances say an IPO is unlikely before late 2027 or early 2028.

Solana is trading at $68, with spot volumes dominating on-chain activity and a market cap of $40 billion. Perpetual trading activity, however, is notably limited. The article points to market-structure constraints as a key reason for the gap between spot strength and muted perp participation.

U.S. markets diverged on Wednesday as falling oil prices eased inflation worries, while pressure on technology shares, crypto assets and precious metals kept risk sentiment in focus. By midday June 24, the Dow Jones Industrial Average was trading near 51,828, up about 163 points. The S&P 500 slipped 0.11% to roughly 7,357 amid continued weakness in growth-sensitive assets.

Barstool Sports founder Dave Portnoy said he half-jokingly thinks Bitcoin could go to zero. He called on outspoken crypto bulls to explain why long-time skeptics who label it a scam are wrong. His comments came as market sentiment worsened after Bitcoin slipped below $60,000 again.

Bitcoin fell below $60,000 and is down nearly 20% this month. The total crypto market cap has dropped from $4.3 trillion in October to $2.0 trillion today. Strategy shares sank to their lowest level in more than two years as concerns mounted over its large Bitcoin holdings. Stocks were mixed as oil prices slid, Micron fell, and traders awaited the chipmaker’s earnings after the bell.

Europe’s crypto industry is entering the final stretch of the transition to the Markets in Crypto-Assets (MiCA) regime, with a key deadline set for July 1. Firms across the region are seeking authorization to maintain access to the European market. The scramble has intensified as transitional arrangements across much of the European Economic Area (EEA) are set to expire.