Crypto Market Updates, GameFi, DeFi, NFTs & Web3 – June 11, 2025

Crypto Market Updates

• Overall market dip: Total crypto market cap fell ~1% to $3.58 trillion, with trading volume hitting $138 billion, the highest in days.

• Bitcoin & Ether rally: Ether-focused ETFs have attracted over $800 million in the past two weeks, twice the inflows into Bitcoin. Ether derivatives open interest on Kraken reached 30k ETH, signaling heightened trader activity.

• Memecoin explosion: As of June 11, nearly 5.9 million meme tokens debuted in 2025—averaging ~36k/day, a 3.5× jump from 2024.

• Binance Research report (May): Crypto markets soared ~10.3%, led by Bitcoin nearing $112k, altcoin strength, surging NFT & ETF interest, and growing corporate treasury allocations.

Play‑to‑Earn & GameFi

• Web3 gaming announcements: On June 11, titles like Axie Infinity: Mystic Era, EVE Frontier, and Ragnarok Landverse were spotlighted in a major gaming update.

• NFT‑game funding: Orange Cap Games raised $3.5 M to develop the Moonbirds & Vibes TCG on June 11.

• Layer‑2 blockchain gaming metrics: Despite a 16% drop in daily active wallet usage from January, projects on Soneium (Sony's L2) saw 3,200% growth, and Linea surged 1,000%. Top games: Treasure Ship (Abstract, ~72k UAWs) and Evermoon (~32k).

• Top P2E games list: DappRadar’s June 11 rankings featured new era of EVE Frontier and other top blockchain P2E titles launching publicly.

DeFi

• SEC roundtable: On June 9, the SEC’s Crypto Task Force hosted the final “Spring Sprint Toward Crypto Clarity” meeting, “DeFi and the American Spirit”, promoting innovation and property rights with regulatory engagement.

• AAVE breakout: AAVE surged ~3.8% in 24 h (up 25% since Monday), breaking resistance at $311.50, driven by optimism around possible regulatory exemptions in DeFi.

• tBTC on Starknet: Threshold Network launched tBTC on Starknet, enabling trust-minimized BTC usage with ~$0.01 fees for DeFi access, trading, borrowing, etc.

• Stock tokenization: DeFi Development Corp. (DFDV) partnered with Kraken to tokenize its U.S.-listed stock as DFDVx on Solana—the first U.S. crypto treasury stock live onchain.

NFTs & Web3

• Pudgy Penguins × NASCAR: On June 11, Pudgy Penguins announced a partnership introducing their character into NASCAR content.

• Immutable NFTs update: June 11 saw Gods Unchained – Guardians of Elderym expansion drop, and Occult Shooter: The Bornless entered Steam Next Fest.

• Web3 ecosystem round: Cross-chain infra start-ups raised capital on June 11:

  • OneBalance raised $20 M to expand toolkit.

  • OpenTrade garnered $7 M to expand across Latin America & Europe.

• Stripe acquisition: Stripe finalized acquisition of crypto wallet provider Privy and stablecoin infra provider Bridge on June 11.

• AI meets Web3: Emerging AI–crypto platform Yupp (comparing AI outputs & rewarding crypto) emerged from stealth with $33 M seed funding.

Summary

June 11 marked a dynamic moment across crypto:

• Market-wide indicators showed rising meme‑coin activity, ETF momentum, and memecoin proliferation.

• GameFi & P2E saw milestone launches and engagement metrics.

• DeFi accelerated with regulatory discussions, token launches, and breakthroughs like tBTC migration.

• NFTs & Web3 highlighted brand partnerships, expansions, and scaling infrastructure funding.

Disclaimer: This Crypto Market Updates information is for educational and informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.