June witnessed a notable divergence in Bitcoin's ecosystem: corporate adoption surged while network security saw a temporary decline. With 26 new companies adding Bitcoin to their balance sheets, the total number of firms holding BTC reserves reached 250. However, the month also saw a 15% drop in Bitcoin’s hash rate and over $150 million lost to crypto hacks and exploits.
These developments occurred against a backdrop of evolving regulatory frameworks worldwide. Multiple Asian jurisdictions introduced crypto-friendly policies, while several U.S. states advanced legislation addressing digital assets.
Bitcoin Network Hash Rate Drops 15%
Bitcoin’s hash rate, representing the total computational power securing the network, decreased significantly in June. Starting the month at approximately 942.6 million TH/s (terahashes per second), it fell to 799 million TH/s — a 15% decline.
This marked the largest single-month drop in three years, prompting analysis from industry observers. Some initially speculated about potential disruptions from geopolitical tensions affecting mining infrastructure, but a more plausible explanation emerged: extreme summer heat in the United States.
Rising temperatures led to increased energy demand for cooling, driving up electricity prices. For Bitcoin miners operating on thin profit margins, these higher costs made temporary shutdowns economically rational until energy markets stabilized.
Crypto Hacks and Exploits Total $150 Million in June
Cybersecurity threats remain a critical challenge for the crypto sector. June alone recorded $150 million in losses from hacks and protocol exploits.
According to TRM Labs, total losses from such incidents have reached $2.15 billion year-to-date — $500 million higher than the same period in 2024.
Infrastructure attacks, including private key theft and breaches of front-end systems, accounted for 80% of these losses. In contrast, protocol-based attacks — such as those targeting smart contract logic — made up only 12%.
TRM Labs emphasized the growing sophistication of threats, including those from state-affiliated groups, and recommended stronger security practices such as multi-factor authentication, cold storage, and regular audits.
250 Companies Now Hold Bitcoin on Their Balance Sheets
Corporate adoption of Bitcoin continues to accelerate. June saw 26 new companies publicly add BTC to their treasury reserves, bringing the total to 250 firms.
This trend was largely inspired by Michael Saylor and his company, Strategy, which pioneered the strategy of using corporate treasury funds to acquire Bitcoin. Strategy’s stock has become a popular proxy for Bitcoin exposure among equity investors.
However, not all analysts agree with this approach. A June report from venture firm Breed suggested that many companies may lack the long-term conviction to hold Bitcoin through severe price declines, potentially leading to panic selling.
Four Asian Jurisdictions Advance Pro-Crypto Policies
Regulatory landscapes across Asia continued to evolve in ways favorable to digital assets:
- Thailand extended its capital gains tax exemption for crypto trading until December 31, 2029.
- South Korea proposed a Digital Asset Basic Act, allowing qualified companies to issue stablecoins with refund guarantees.
- The Malaysian government launched a regulatory sandbox called the Digital Asset Innovation Hub.
- Hong Kong progressed toward a regulatory framework permitting crypto derivatives trading for professional investors.
These developments reflect a broader regional shift toward structured and supportive digital asset regulation.
Five Major Crypto Firms Secure Licenses Globally
Compliance and licensing remain essential for crypto businesses aiming to operate across borders. In June, five prominent companies received regulatory approvals:
- Coinbase, Gemini, and Kraken obtained licenses under the EU’s Markets in Crypto-Assets (MiCA) regulation.
- Bitget received a license to operate in Georgia.
- MoonPay was granted a BitLicense by New York State regulators.
Additionally, fintech firm Ant Group and e-commerce company JD.com announced plans to pursue stablecoin-related licenses in Hong Kong and other jurisdictions.
Seven U.S. States Pass Crypto-Related Laws
While federal crypto legislation remains slow, state-level initiatives gained momentum:
- Oregon and Colorado updated unclaimed property laws to include cryptocurrencies.
- Texas enacted a Bitcoin reserve law and introduced rules for crypto asset forfeiture in criminal cases.
- Louisiana established a licensing system for crypto kiosks and formed a committee to study blockchain and AI.
- Connecticut and Rhode Island introduced new licensing requirements for crypto kiosk operators.
These laws reflect a growing effort to integrate digital assets into existing financial and legal systems at the state level.
Frequently Asked Questions
What caused Bitcoin’s hash rate to drop in June?
The decline was primarily due to rising electricity costs during a U.S. heatwave. Higher cooling demand increased energy prices, leading some miners to temporarily shut down operations.
How are companies funding their Bitcoin purchases?
Many firms use a combination of cash reserves and corporate debt. Strategy popularized this approach, using raised capital to acquire Bitcoin as a treasury asset.
Which countries are leading in crypto-friendly regulation?
South Korea, Thailand, Hong Kong, and Malaysia all introduced supportive policies in June, ranging from tax exemptions to new licensing frameworks for stablecoins and trading.
What is the most common type of crypto attack?
Infrastructure attacks, such as theft of private keys or exchange breaches, account for 80% of losses. Protocol-level exploits are less common but still significant.
Are U.S. states adopting uniform crypto laws?
No, regulations vary by state. Some, like Texas and Louisiana, are embracing crypto, while others remain cautious or have delayed legislation.
What should investors look for in a secure crypto platform?
Choose platforms that enforce strong security measures, including cold storage, multi-factor authentication, and regular third-party audits. 👉 Explore secure trading platforms
June 2025 underscored both the growing institutional acceptance of Bitcoin and the ongoing challenges the ecosystem must address. From regulatory progress to security concerns, the industry continues to evolve rapidly amid increasing global participation.