According to the source, three developments were reported that traders should validate and monitor for market impact. First, PayPal expanded its peer-to-peer service to support cryptocurrency transfers (source: the source). Traders should verify via the PayPal Newsroom and app release notes, then monitor PYUSD and stablecoin transfer volumes on-chain to gauge retail flow (sources: PayPal Newsroom; Etherscan; IntoTheBlock). Second, Coinbase’s Base network was said to be issuing a native token (source: the source). Confirm via Base and Coinbase official announcements, and watch Layer-2 TVL shifts and DEX volumes for rotation trades (sources: Base and Coinbase official X accounts and blog; L2Beat; DeFiLlama). Third, Bitcoin mining profitability reportedly declined 5% month over month (source: the source). Cross-check with Luxor’s Hashprice Index and HashrateIndex data, and track miner exchange flows to assess potential supply pressure on BTC (sources: Luxor Hashprice Index; Glassnode).

According to @MilkRoadDaily, Kraken's layer 2 solution Inkonchain is launching its token, $INK, with a hard cap of 1 billion tokens and no inflation, making it appealing for traders seeking scarcity-driven assets. The token is designed exclusively for the user and application layer, with no governance features, focusing utility on product integration rather than protocol control (source: @MilkRoadDaily, June 17, 2025). The first $INK-powered product is expected soon, potentially impacting trading volumes and liquidity on Kraken and related platforms. Traders should monitor $INK's listing for price discovery opportunities and volatility, particularly as its hard-capped supply and utility orientation may draw interest from both DeFi participants and speculators.