Tether flips Ether as ETH routs to $1.5K

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June 26, 2026 12:43pm EDT

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Bitcoin ETF outflows spike as BTC slips below $60K	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

June 26, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

💵 Tether overtakes Ether by market cap after ETH falls to $1.5K
📉 US spot Bitcoin ETFs post June’s biggest daily outflows
🔐 Polymarket hit by $2.9M theft, affected users to be refunded
📰 Keep reading for all of today’s biggest headlines

Tether stablecoin flips Ether by market cap as ETH routs to $1.5K

Tether’s USDT has reportedly overtaken Ether by market capitalization after ETH fell sharply to around $1,510, marking a major shift in crypto market rankings during a broader risk-off move. The flip highlights how stablecoins can gain relative dominance during periods of heavy selling, as traders move into dollar-pegged assets while volatile crypto assets decline. The move also underscores pressure on Ether, which has struggled against both Bitcoin and stablecoin liquidity as market sentiment weakens.

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Bitcoin ETFs post June's biggest daily outflows as BTC falls below $60K

]US spot Bitcoin ETFs recorded their largest daily outflows of June as Bitcoin dropped below $60,000, signaling renewed caution among institutional investors. The article says the funds saw $696.3 million in daily outflows, bringing year-to-date net outflows to roughly $4.6 billion. The withdrawals add pressure to Bitcoin’s short-term market structure and suggest ETF demand may not be enough to absorb selling during broader market weakness.

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Polymarket hit by $2.9M theft, users to be refunded

Prediction market platform Polymarket was hit by an estimated $2.94 million theft after a third-party vendor compromise affected at least 11 wallets. Polymarket said impacted users would be refunded, framing the incident as a vendor-side breach rather than a direct failure of the platform’s core systems. The attack adds to security concerns around crypto-linked applications, especially those relying on external service providers that can become weak points in user-fund protection.

Does Botanix’s failure prove Bitcoiners don’t care about DeFi?

The article examines whether the closure of Botanix signals deeper problems for Bitcoin-native DeFi and Bitcoin layer-2 adoption. Botanix had aimed to bring Ethereum-style smart contract functionality to Bitcoin, but its failure raises questions about whether Bitcoin users actually want DeFi products or whether they prefer Bitcoin’s role as a store of value and settlement asset. The piece frames Botanix as part of a broader test for Bitcoin scaling projects: whether they can attract real users, liquidity and developer activity rather than simply importing Ethereum’s DeFi model onto Bitcoin.