The crypto market's "greed" sentiment is heating up, with today's Fear and Greed Index at 68.

On June 17th, the stablecoin startup Ubyx, which was founded by former Citigroup executive Tony McLaughlin, has successfully completed a $10 million seed funding round. This round was led by Galaxy Ventures and also involved participation from Founders Fund, Coinbase Ventures, Paxos, and VanEck. The company is committed to building a clearing system that connects stablecoin issuers with banks and fintech companies in order to address interoperability issues in payment scenarios. Ubyx intends to establish a global stablecoin acceptance network similar to Visa and Mastercard, enabling stablecoins issued by different institutions to achieve cross-platform circulation. Its system will support blockchains such as Solana, Base, Canton, and XRP Ledger. It has already formed partnerships with stablecoin issuers like Paxos and Ripple. The network is anticipated to become operational by the end of the year and will also support other forms of digital assets, including central bank digital curren

On June 17th, Binance will provide support for the THORChain (RUNE) network upgrade. The network upgrade is scheduled to occur at block height 21,574,000 and is estimated to start around 18:00 (UTC) on June 17th, 2025. During the network upgrade, Binance will suspend the deposit and withdrawal services for THORChain (RUNE) tokens.

On June 17th, as per a report from Cointelegraph, Bank of America has positioned Bitcoin as one of the most significant innovations of the past millennium, making a comparison of its influence with that of the Internet and electric vehicles.

On June 17th, BlockBeats reported that DAOBase made an announcement regarding its tokenomics model. The total supply of tokens is 1 billion, and they are distributed as follows: 20.0% is for ecosystem rewards, 16.0% goes to the DAO treasury, 15.0% is for the team, 15.0% is for marketing and growth, 13.0% is for venture capital rounds, 9.0% is for liquidity provision, 5.0% is for advisors, 5.0% is for airdrops, and 2.0% is for the IDO. The first airdrop will allocate 5% of the total supply (50 million tokens). 40% of the airdrop will be distributed to point-based users, 30% will be allocated to the Pollen Program, 20% will be distributed to Buzz' Bees NFT holders and governance participants, and 10% will be allocated to DAO partner community users. The snapshot date for this is June 1, 2025.

On June 17th, based on HTX market data, Bitcoin has dropped below $106,000, experiencing a 24-hour decline of 1.05%.

On June 17th, the CryptoQuant analyst Onchain School put out an article which said, "The amount of staked Ethereum has gone beyond 35 million and reached a brand-new high. Meanwhile, the 'accumulated addresses' (addresses that have never had a sell transaction recorded) have also reached a historical apex. Currently, they are holding 22.8 million ETH."