Crypto News. June 15, 2025

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DeFi

Bybit is launching its first decentralized exchange, Byreal, on Solana, aiming to combine centralized exchange performance with DeFi transparency. Featuring RFQ + CLMM routing, Byreal’s testnet goes live on June 30, with a mainnet launch later in 2025. Unlike competitors like Coinbase and Kraken, which focus on Layer 2 solutions, Bybit is targeting major DEX rivals like Uniswap, PancakeSwap, and Hyperliquid.

Vietnam passed law regulating crypto and formally recognizing digital assets, dividing them into: virtual assets (trading or investment purposes) and crypto assets (tokens) introducing strict AML and anti-terrorism measures, aiming to boost its global economic role and attract tech investment.

Coinbase users have now borrowed over $400 million in USDC through on chain lending, with an annualized interest rate of approx 5%. The loans are primarily collateralized by BTC. Powered by Morpho

Coinbase was a sponsor of the US Army’s 250th anniversary celebration on June 14, in DC

Polyhedra token ZKJ crashed by 60% amid onchain liquidity crisis; huge whale wallets sold onchain