Polymarket stands accused of faking wins to draw in users, hackers drained the Secret Network bridge of $4.7 million, and a large Japanese pension fund decided to allocate 1% of its assets to cryptocurrency — those and other stories from the morning of June 22 in our recap.

Majors: a flat start to the day

Bitcoin (BTC) opened the day moving sideways, according to TradingView data. As of 07:30 Moscow time the cryptocurrency traded at $63,889 (₽4,677,602 per token). Its 24-hour low was $63,221 and its 24-hour high $64,712.

Ethereum, the second-largest cryptocurrency by market capitalisation, also began the day sideways. At the time of writing the coin traded at $1,731 (₽126,659 per token).

Winners and losers

Within the top 10 by market capitalisation, Tron posted the best 24-hour result (+0.51%) and Solana the best weekly one (+3.49%). Hyperliquid was the weakest performer over 24 hours (-5.97%), and Dogecoin over seven days (-6.64%).

Across the top 100, SKYAI led over 24 hours (+9.15%) and Aerodrome Finance over the week (+34.93%). Humanity fell hardest on the day (-10.51%), while the steepest weekly loss was recorded by Audiera (-68.18%).

Polymarket accused of staging bets

A Wall Street Journal investigation reported that the prediction-market platform Polymarket paid dozens of bloggers to film fake bets and winnings on copies of its own site. Of 1,105 clips checked, not one of the wagers shown — worth roughly $1.9 million in total — was real. In one video a student demonstrated a "win" of $100,000 on a bet that more than 50 users had in fact lost. Polymarket built mock sites for the shoots, including ones using a lookalike web address.

Source: BeInCrypto