The Weekly Grind (Jun 15–Jun 20): $6.75B Stolen, $580M Liquidated, 450M Users at Risk

The crypto world was rocked this week by a series of seismic events that have everyone buzzing. From massive liquidations to geopolitical tensions, here’s what you need to know.

The Big Stories

• North Korea’s Heist: The G7 declared North Korea’s $6.75 billion crypto theft a nuclear weapons program threat, putting global leaders on high alert. Read more.
• $580M Liquidations: A peace deal collapse led to Israel’s strikes on Lebanon, causing $580 million in crypto to evaporate overnight as Bitcoin’s bullish momentum hit a wall. Read more.
• Binance’s EU Crisis: Binance could face a ban across the EU as Greece moves to block its MiCA license, impacting 450 million users. Read more.
• CME vs. CFTC: In a surprising move, CME Group is suing its own regulator over Bitcoin perpetuals, highlighting tensions within regulatory frameworks. Read more.

By the Numbers

• $6.75 billion stolen by North Korea’s crypto theft ring.
• $580 million in crypto liquidations within 24 hours.
• 450 million potential Binance users facing a service ban in the EU.
• $30 million raised by APEC days after its founder graduated.
• $66,000 Bitcoin price surge following a temporary peace deal.

What This Means for Crypto Jobs

The crypto job market is seeing shifts as regulatory pressures mount. Compliance and legal roles are more critical than ever, especially with exchanges like Binance facing existential threats. Meanwhile, treasury analyst positions offer lucrative opportunities, with salaries ranging from $90K to $300K. However, geopolitical tensions could lead to instability in hiring across regions impacted by these events.

Find your next crypto role at cryptogrind.com.