Canada's World Cup ceremony highlights the nation's cultural diversity, setting a precedent for future global events to embrace inclusivity.

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JPMorgan's bullish shift signals potential market resilience, highlighting how geopolitical stability can significantly boost investor confidence.

The post JPMorgan’s trading desk turns bullish on stocks amid Middle East peace optimism appeared first on Crypto Briefing.

The depletion of US oil reserves heightens economic vulnerability, influencing inflation, consumer spending, and cryptocurrency market dynamics.

The post US oil reserve hits 43-year low as Trump aims to tame gas prices appeared first on Crypto Briefing.

The ongoing negotiations could impact global oil markets and geopolitical stability, influencing investor sentiment and market volatility.

The post JD Vance to lead technical negotiations with Iran for next 30 days appeared first on Crypto Briefing.

The showdown at VALORANT Masters London 2026 could redefine player rankings, impacting team dynamics and future esports narratives.

The post Top 3 global kill leaders face off at VALORANT Masters London 2026 appeared first on Crypto Briefing.

Bitcoin Magazine

BitGo Joins Fortune 500 with $16.2B Revenue, Marking Milestone for Regulated Bitcoin Infrastructure

BitGo Holdings, Inc. (NYSE: BTGO) has been named to the 2026 Fortune 500, becoming the first true digital asset infrastructure company to reach the list. The debut comes just five months after the company went public on the New York Stock Exchange in January 2026, with reported revenue of approximately $16.2 billion for 2025.

The 2026 Fortune 500 edition, which features President Donald Trump on the cover and is on sale now, includes BitGo at No. 273. BitGo also appears in related coverage, while CEO Mike Belshe is slated for prominent placement in the upcoming Fortune Crypto 100 list in August, including feature coverage and limited cover variants. 

While miners, major exchanges, and treasury-focused companies have gone public in recent years, BitGo stands out as the first dedicated infrastructure provider — focused on custody, wallets, settlement, and related services — to achieve Fortune 500 status so quickly after its public listing.

Background and Evolution

BitGo was founded in 2011 by Mike Belshe, its current CEO, alongside Bill Lee, Ben Davenport and Will O’Brien. It began as a provider of secure Bitcoin wallets and institutional-grade custody solutions, emphasizing multi-signature technology and enterprise security at a time when few reputable options existed for large holdings.

Over more than a decade, the company grew into one of the most recognized names in digital asset infrastructure, powering wallets, custody, trading, and operations for many prominent platforms, funds, and institutions in the Bitcoin and broader crypto industry.

Current Operations and Regulatory Standing

Today, BitGo functions as a full-stack infrastructure provider. It operates as BitGo Bank & Trust, National Association, a federally chartered national trust bank under the Office of the Comptroller of the Currency (OCC). This designation, approved in December 2025, imposes stringent federal requirements — including enhanced capital standards, regular audits, comprehensive risk management, and fiduciary oversight — while delivering significant strategic advantages.

The OCC charter provides uniform federal supervision and regulatory clarity, replacing fragmented state-by-state licensing in many cases and offering institutions the certainty they expect from a federally regulated fiduciary. It enables nationwide service capabilities with federal preemption of certain duplicative state requirements. 

Nick Payton, VP of Marketing at BitGo, told Bitcoin Magazine that the OCC federal charter, combined with being a public company, unlocks regulatory clarity sought out by institutional clients. “We spent the money and made sure to take that burden off of our clients.” Payton also described the OCC federal charter as a moat that software alone can not easily unlock, even with the power of artificial intelligence.

Finally, the OCC federal charter also strengthened the company’s ability to expand services such as stablecoin infrastructure, staking from cold custody, Prime trading and derivatives, and tokenization activities under a clear federal framework, positioning BitGo as a key bridge between traditional banking rails and digital assets.

Its client base is primarily institutional, including exchanges, funds, and Bitcoin ETF issuers. Notable examples include 21Shares (custody for Bitcoin ETFs), Fold (which relies on BitGo infrastructure for core operations), World Liberty Financial (custody and infrastructure for its USD1 stablecoin), and SoFi (infrastructure and distribution support for SoFiUSD, positioned as the first U.S. national bank-issued stablecoin on a public blockchain).

High-net-worth individuals also use the platform for qualified custody, staking from cold storage, and Prime services. While some retail-facing tooling exists through the broader platform, BitGo has maintained a deliberate focus on institutional and sophisticated clients rather than becoming a mass-market retail platform.

Prime Services and Global Footprint

BitGo has expanded its Prime desk to include OTC trading, electronic trading, and derivatives, which recently came online. This allows clients to access liquidity, execute strategies, and manage collateral directly from qualified custody. The service supports operational needs such as loans against Bitcoin holdings or yield generation without moving assets off-platform.

The company operates globally across more than 100 countries. It maintains regulated licenses and entities in key regions, including a VARA license in Dubai, an office in London, a Latin America headquarters in Mexico City, and an APAC base in Singapore, according to Payton.

Revenue Drivers

Payton also outlined the company’s primary revenue contributors today, which are primarily made up of custody fees, the company’s bread and butter, alongside other growing revenue sources like BitGo Prime, encompassing OTC, e-trading, and the newer derivatives offering.

Staking of crypto assets also made the short list of top revenue drivers for the company, enabling clients to earn yield on assets such as Ethereum and Solana while keeping them in cold custody.  Finally, Stablecoins have become a rapidly expanding segment of company revenue via their Stablecoin-as-a-Service platform, which handles minting, burning, and custody. Recent examples include support for World Liberty Financial’s USD1, which Payton described as one of the fastest-growing stablecoins, approaching significant circulation, and SoFi’s SoFiUSD with an initial mint of $150 million and plans to scale.

Payton also shared that “Bitcoin has always driven significant volume at BitGo. But Ethereum, Solana, and stablecoins are also prominent.” He added: “One major point we’ve never discussed publicly is that we’re among the top 10 largest entities holding Bitcoin globally, with over 470k BTC in custody,” making Bitgo one of the largest Bitcoin custodians in the world. For its own corporate treasury, BitGo Holdings, holds approximately 2,449 BTC as of the most recent public disclosures, this ranks BitGo as having the 32nd largest corporate treasury holdings in the world. 

Outlook on Tokenization

As for current areas of focus, Payton expressed clear enthusiasm for “tokenization,” a commonly heard though somewhat elusive term in the industry. He framed it as the cryptographic representation of traditional assets — particularly public and private equities — on blockchain infrastructure. 

“We are excited about the future of tokenization. We think it’s going to bring broader access to a wider range of people in public markets. We’re also looking into tokenizing private companies as well, traditional equity, not just public.” Payton said, cautioning that “It has to be done carefully. And safely. We don’t want it to turn into a bubble. It has to be done responsibly.”

This post BitGo Joins Fortune 500 with $16.2B Revenue, Marking Milestone for Regulated Bitcoin Infrastructure first appeared on Bitcoin Magazine and is written by Juan Galt.

Bitcoin Magazine

Kraken Launches CFTC-Regulated Bitcoin and Crypto Perpetual Futures for U.S. Traders

Kraken has switched on perpetual futures trading for eligible U.S. clients on Kraken Pro, bringing the most-traded crypto derivatives product under domestic regulatory oversight for the first time at scale.

The contracts are listed on Bitnomial, a CFTC-licensed exchange, clearinghouse, and brokerage that Kraken’s parent company, Payward, acquired earlier this year. The launch gives U.S. traders access to perpetual futures — a product that generated more than $60 trillion in global trading volume in 2025 — within the CFTC’s regulatory perimeter, on a platform they can use alongside spot, margin, and CME-listed futures.

Perpetual futures track the price of an underlying asset without an expiration date. Unlike standard futures contracts, positions require no rollover and can remain open as long as margin requirements are met. The structure gives traders sustained leveraged exposure, long or short, to assets they do not hold in custody.

To keep contract prices anchored to spot markets, Kraken’s perpetuals use an 8-hour funding rate mechanism. At 7 p.m., 3 a.m., and 11 a.m. CT each day, long and short position holders exchange funding payments. When the perpetual price sits above spot, longs pay shorts; when below, shorts pay longs, the company said. 

Kraken’s launch 

The launch rests on Bitnomial, which holds the full stack of U.S. derivatives licenses — exchange, clearinghouse, and brokerage. Payward closed the Bitnomial acquisition in May of this year, one year after completing its purchase of NinjaTrader in May 2025. 

Those two acquisitions gave Kraken the regulated infrastructure needed to offer perpetuals within a domestic venue.

Perpetual contracts on Kraken Pro sit in the same futures wallet as existing CME-listed products, meaning traders can manage both CME futures and crypto perpetuals against a single pool of collateral. That structure removes the need to hold capital across multiple venues to fund separate positions.

Arjun Sethi, Co-CEO of Payward and Kraken, framed the offering around operational efficiency: 

“The most useful thing an exchange business can do for a serious trader is to put everything in one place. Spot, margin, futures and now perpetuals all live in the same account at Kraken, with perpetuals and futures backed by the same collateral so capital isn’t stranded across half a dozen venues.”

At launch, eligible U.S. clients can trade perpetual bitcoin and eight other assets. Kraken has said it intends to expand both the contract set and available collateral options over time. 

Products are offered through NinjaTrader Clearing, LLC, doing business as Kraken Derivatives US, a CFTC-registered Futures Commission Merchant.

The launch follows a CFTC signal in May that opened the door for regulated platforms to offer perpetual futures. 

The agency approved Kalshi’s bitcoin perpetual contracts that month and issued guidance that also created a path for Coinbase to connect U.S. customers to global options and perpetual markets. 

Kalshi saw more than $1 billion in perpetual trading volume within its first week of offering the product.

This post Kraken Launches CFTC-Regulated Bitcoin and Crypto Perpetual Futures for U.S. Traders first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Claws Back From the Brink as Iran Deal, Saylor, and Armstrong Signal a Turning Tide

Bitcoin price entered the weekend somewhat battered and bruised, fresh off a gut-punch to $59,000 on June 5 — its weakest footing since October 2024 — and with no shortage of skeptics ready to call the bull market dead.

But by Monday morning, the picture looked different. The world’s largest cryptocurrency clawed its way to $66,800 on the day, printing a 7-day low of $60,909 before staging a textbook recovery that carried it through $66,000 and toward the 7-day high of $66,888. 

The chart told the story of a market caught between fear and conviction: a sharp slide toward $61,000 by June 9–10, choppy consolidation between $62,000 and $63,000 through mid-week, then a decisive push higher that accelerated into the weekend close and carried into Monday’s open.

On Sunday, President Donald Trump announced via Truth Social that a peace deal with Iran was “complete,” authorizing the toll-free reopening of the Strait of Hormuz and bringing nearly four months of armed conflict to an immediate halt.

Pakistani Prime Minister Shehbaz Sharif confirmed that all military operations across every front — including Lebanon — would cease, with a formal signing ceremony scheduled for June 19 in Switzerland. Brent crude slid more than 4% toward $84 a barrel.

For Bitcoin, the deal dismantled three layers of macro pressure at once. The conflict had driven oil higher, stoked inflation expectations, and hardened the Federal Reserve’s rate-hike narrative — a toxic cocktail for risk assets. With the Strait reopening, all three headwinds began unwinding simultaneously. Bitcoin climbed to $65,844 on June 15, its highest level in nearly two weeks, as the broader crypto market cap recovered above $2.3 trillion.

While retail sentiment remained fragile, the institutional buyers were already deep in accumulation mode well before the geopolitical relief arrived.

At the time of writing, the bitcoin price is near $66,500.

Bitcoin price predictions and BTC acquisitions

Michael Saylor’s Strategy disclosed Monday that it had acquired an additional 1,587 BTC between June 8 and June 14 for approximately $100 million at an average price of $63,024 per coin. The purchase brings Strategy’s total Bitcoin reserve to 846,842 BTC — a stack accumulated at a cumulative cost of roughly $64.07 billion, or $75,656 per coin on average. 

The firm also sold 1,732,553 shares of common stock during the same window, generating $209 million in net proceeds as it simultaneously rebuilt its USD reserve to $2.25 billion. Saylor’s playbook hasn’t changed: buy weakness, build the treasury, hold forever.

Strive, the Dallas-based asset management firm that has made Bitcoin its primary treasury asset and business identity, continued its own accumulation, picking up 32 BTC between June 2 and June 7 at an average of $63,911 per coin. The purchase represented a roughly 14% improvement in cost basis compared to its prior round — a sign that Strive’s treasury team was putting fresh capital to work during the drawdown, not flinching from it. As of its most recent disclosures, Strive held 15,391 BTC valued near $1.2 billion.

Coinbase CEO Brian Armstrong also stepped into the conversation with a measured but unmistakable bottom call.

“My instinct is we probably have bottomed at this point, maybe at the 60k number, but nobody can say for sure,” Armstrong said. He remains long Bitcoin and expects prices to be “much higher” by 2030, repeating a view he has held for years: “I think bitcoin is the new digital gold”. 

Armstrong pointed to Bitcoin’s four-year halving cycle as the structural framework for reading the current drawdown, noting that the swings always feel more extreme than they turn out to be in hindsight.

Bitcoin is currently trading roughly 47% below its all-time high of $126,277, set in October 2025. The recovery from the June 5 low represents a more than 11% bounce in ten days. 

This post Bitcoin Price Claws Back From the Brink as Iran Deal, Saylor, and Armstrong Signal a Turning Tide first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Strive (ASST) Acquires 73 Bitcoin for $4.7 Million, Pushes Treasury to 19,105 BTC

Strive, Inc. (Nasdaq: ASST) has purchased 73 bitcoin at an average cost of approximately $63,646 per coin, for a total of roughly $4.7 million, the Dallas-based bitcoin treasury company disclosed in a Form 8-K filing with the Securities and Exchange Commission on Monday. 

The purchase was made between June 8 and June 14, pushing Strive’s total bitcoin holdings to 19,105 BTC. The acquisition marks continued, methodical accumulation from a company that has built one of the fastest-growing bitcoin treasuries among publicly traded firms. 

Alongside the bitcoin purchase, Strive’s cash and cash equivalents rose modestly from $139.2 million as of June 5 to $141.4 million as of June 12. The company’s holdings of Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy (STRC) held flat at 505,000 shares, with fair value ticking up slightly from $47.2 million to $47.9 million over the same period.

Strive’s Class A common stock share count increased by approximately 483,400 shares to 69,894,045 during the week, reflecting issuance through the company’s at-the-market equity program. Class B common stock and SATA preferred shares remained unchanged. The SATA stock, Strive’s Variable Rate Series A Perpetual Preferred Stock, has been a key instrument in the company’s capital strategy. 

As of June 16, Strive plans to transition SATA’s 13% APR monthly dividend to a daily schedule, paying the same annual yield every business day — a move designed to increase liquidity and attract capital for further bitcoin acquisition.

Strive’s public merger

Strive entered the public bitcoin treasury space at speed. In September 2025, the company announced a merger with Semler Scientific (Nasdaq: SMLR), an all-stock deal that brought Semler’s 5,048 BTC onto Strive’s balance sheet upon close. The transaction closed in January 2026, giving Strive 12,797.9 BTC and positioning it as one of the top corporate bitcoin holders globally, surpassing both Tesla and Trump Media & Technology Group at the time of closing.

Since then, Strive has continued to layer on purchases. By late January, the company had secured $225 million through its SATA preferred stock issuance and used part of the proceeds to add 333.89 BTC at an average of $89,851 per coin, bringing holdings past 13,131 BTC while clearing most of its outstanding debt. 

In early May, the company crossed the 15,000 BTC threshold after acquiring 444 bitcoin for $33.9 million at an average of $76,307 per coin, and added another 381.61 BTC between May 13 and May 18 at roughly $79,348 each. The company’s treasury tracker shows a June 1 purchase of roughly 2,500 BTC at approximately $74,092, which represented one of its largest single-week acquisitions to date.

The company’s bitcoin strategy carries the broader philosophy of its founder. Strive positions bitcoin not just as a treasury reserve but as the capital allocation benchmark for the entire enterprise — a “bitcoin-first” framework that sets BTC as the hurdle rate against which all other investments are measured. That approach, built out of the Semler Scientific acquisition and an expanding preferred equity program, has taken Strive from under 8,000 BTC in late 2025 to more than 19,000 BTC today.

Bitcoin and the weekend rally

The timing of Strive’s disclosure coincides with a notable bitcoin recovery. Bitcoin climbed above $66,000 on Sunday after President Trump announced a U.S.-Iran peace deal, with the formal signing set for June 19. 

The geopolitical breakthrough — which includes the lifting of the U.S. naval blockade and the reopening of the Strait of Hormuz — sent oil prices down roughly 5% to $80 per barrel and pushed risk assets higher across the board. Bitcoin’s gains were concentrated in the hours after the Saturday announcement, with the asset up roughly 3% over 24 hours by Monday morning. 

This post Strive (ASST) Acquires 73 Bitcoin for $4.7 Million, Pushes Treasury to 19,105 BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Strategy (MSTR) Spends $100 Million on 1,587 Bitcoin, Lifts Total Holdings to 846,842 BTC

Strategy (Nasdaq: MSTR) has purchased 1,587 bitcoin for approximately $100 million, bringing the company’s total bitcoin holdings to 846,842 BTC, according to an 8-K filing with the Securities and Exchange Commission on Monday morning.

The purchase, executed between June 8 and June 14, was made at an average price of $63,024 per bitcoin and funded through at-the-market sales of the company’s Class A common stock. Last week, Strategy sold approximately 1.73 million MSTR shares, raising about $209 million through the ATM program. As of June 14, $25.75 billion worth of MSTR shares remain available under that program.

Strategy’s 846,842 BTC was acquired at an average cost of $75,656 per coin, for a total outlay of roughly $64.1 billion including fees and expenses. 

At current prices near $66,000, the company carries approximately $8 billion in paper losses. The position represents more than 4% of bitcoin’s hard-capped supply of 21 million coins, making Strategy by far the largest corporate bitcoin holder on the planet.

In addition to the bitcoin purchase, Strategy confirmed its USD Reserve rose to $1.1 billion as of June 14, up from $1 billion the previous week. The reserve, established in December 2025, exists to cover dividend payments on the company’s preferred shares and interest on its debt. 

Strategy ‘spooked’ the markets 

JPMorgan analysts flagged the reserve last week, noting that Strategy’s rare sale of 32 BTC on June 1 “spooked” markets and that the company needed to rebuild the dollar cushion to restore confidence — at the time, the buffer only covered about 6.3 months of dividend obligations.

The announcement came with a familiar signal. Executive Chairman Michael Saylor posted his bitcoin acquisition tracker chart on Sunday with the caption “Still adding dots” — a phrase the market has come to recognize as a preview of a Monday purchase disclosure.

The STRC preferred stock, a variable-rate, cumulative offering with monthly dividends designed to hold near its $100 par value, had been the primary engine for bitcoin accumulation earlier in 2026, offering an annualized rate of 11.5%. 

However, STRC has struggled to reclaim par since mid-May and has not been used for bitcoin purchases over the past month. 

At last week’s annual shareholder meeting, investors approved shifting STRC dividend payments from monthly to twice monthly. “Paying dividends on STRC twice a month is designed to stabilize price, dampen cyclicality, drive liquidity, and grow demand for STRC, while giving STRC holders a faster reinvestment opportunity,” Strategy President and CEO Phong Le said in a statement. 

Strategy also recently expanded its ATM programs to include up to an additional $21 billion of MSTR shares, alongside $21 billion of STRC preferred stock and $2.1 billion of STRK preferred stock.

Bitcoin catches a bid

Bitcoin itself climbed over the weekend, touching above $66,000 on Sunday after President Donald Trump announced a peace deal with Iran, set to be signed June 19. The agreement includes the lifting of the U.S. naval blockade and the reopening of the Strait of Hormuz, which sent oil prices down roughly 5% to around $80 per barrel. 

Bitcoin’s 24-hour advance was concentrated in the hours after Trump’s Saturday announcement, with the asset trading around $65,600 to $66,300 as of Monday morning — still below the $75,656 average price at which Strategy holds its stack. 

Technical notes from Bitcoin Magazine Pro show that bitcoin bounced off the 0.618 Fibonacci retracement level near $60,000, but the RSI remains weak at 37, and a sustained weekly close above $66,000 would be required to signal a credible trend change. 

A break higher would face resistance at $68,900 and then the $80,000 to $82,500 zone. MSTR shares rose roughly 6% in pre-market trading Monday as the purchase was disclosed alongside the broader market rally.

This post Strategy (MSTR) Spends $100 Million on 1,587 Bitcoin, Lifts Total Holdings to 846,842 BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Congress wants a task force for cryptocurrency theft months after the Justice Department disbanded NCET.

The proposal, introduced by Reps. Lance Gooden and Josh Gottheimer, would create a Federal Cryptocurrency Theft Task Force inside the Justice Department and place it under the attorney general or a designee, according to the bill text and a June 11 announcement from Gooden's office.

That makes the bill more than another crime-and-crypto filing. It lands in the middle of Washington's attempt to move digital asset markets away from enforcement-first uncertainty and toward clearer rules, while asking the same government to rebuild coordination for the thefts, hacks, scams, and coercion cases that keep hitting users.

The tension traces back to the DOJ's April 2025 memo, which ended what Deputy Attorney General Todd Blanche called “regulation by prosecution.” The memo disbanded the National Cryptocurrency Enforcement Team, moved one DOJ unit away from cryptocurrency enforcement, and said prosecutors should focus on individual criminal misuse of digital assets rather than treating the industry itself as the target.

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The new House bill preserves that market posture while drawing a line between market regulation and theft response: lighter policing of crypto markets paired with more coordination when someone loses funds.

What the bill would build

The Federal Cryptocurrency Theft Enforcement and Coordination Act would establish a task force within the DOJ and make it the primary federal coordination body for preventing, investigating, and prosecuting cryptocurrency theft and related criminal activity.

The bill text names senior representatives from the DOJ, the FBI, the Department of Homeland Security (including Homeland Security Investigations), and the Treasury (including FinCEN). It also lets the attorney general add other federal law-enforcement agencies as appropriate.

That wording matters because some summaries of the proposal point to a wider group of agencies; the visible bill text names those agencies and the attorney general's catchall authority.

The task force's duties are practical rather than regulatory. It would develop best practices for evidence collection, analysis of seized digital evidence, investigative techniques, asset tracing, and victim engagement.

It would also provide technical assistance, training, and guidance to state and local law enforcement agencies and prosecutors, share information with federal, state, local, Tribal, and territorial agencies, and coordinate with international partners when cases cross borders.

A small clause near the end is the policy hinge. The bill keeps cryptocurrency, digital asset markets, financial institutions, and financial products outside the task force's regulatory reach.

It also leaves federal regulatory authority, the criminal code, and private rights of action unchanged.

That structure gives the bill its political shape. Lawmakers are asking a different question from the exchange, mixer, wallet, and token-market fights: whether theft from crypto users needs a standing federal hub after DOJ dissolved the team most closely associated with specialized digital-asset crime work.

Why victim response is the pressure point

The strongest argument for the bill is the volume and variety of cases hitting victims and local authorities.

The FBI said its 2025 Internet Crime Report logged 181,565 complaints involving cryptocurrency and more than $11 billion in reported losses. Total reported cyber-enabled losses approached $21 billion.

Those figures stop short of showing that a new task force will recover more money, but they explain why Congress can separate the theft problem from the market-regulation debate.

A victim of a wallet drain, phishing scheme, exchange exploit, or coercive attack rarely experiences the system as one clean federal lane. Local police may lack blockchain tracing expertise. Prosecutors may need help preserving digital evidence.

Federal agencies may disagree over where the case fits. Private-sector firms may be the only parties able to quickly freeze, trace, or flag funds. In cross-border cases, the timeline for tracing assets can move faster than ordinary referral channels.

Recent CryptoSlate coverage illustrates different pressure points behind that coordination problem. The fight over the CLARITY Act has already pulled law-enforcement groups into market-structure negotiations because safe-harbor language can affect how prosecutors treat developers, infrastructure providers, and intermediaries.

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DeFi exploit coverage has shown how a single flaw in shared code can affect multiple chains at once, turning a technical bug into a response problem across networks.

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Physical attack coverage shows the offline side of the same threat, where coercion against holders can turn wallet security into a street-crime issue.

That is the part of the story the task-force bill tries to capture. Crypto crime now spans code exploits, scams, state-linked hacking, and offline coercion.

A general statement that DOJ remains able to prosecute crimes leaves unanswered whether a sheriff's office, a victim, a federal agent, and a prosecutor can move quickly through the same case.

That mix gives the proposed training, evidence guidance, and outreach provisions their practical weight. A theft report may begin with a local officer, become a blockchain-tracing problem, and then turn into a sanctions, cyber, or cross-border question before funds move again.

The bill's premise is that those handoffs need structure before the next victim shows up.

The bill's test is capacity

The proposal still leaves a large question unanswered: whether coordination can become capacity.

The bill would require annual reports to Congress on the task force's activities, emerging threats, coordination with state and local agencies, and recommended legislative or administrative fixes. It would also require outreach to state and local law enforcement, though participation by state, local, Tribal, and territorial governments would be voluntary.

Those provisions could matter if they produce a real playbook, reliable points of contact, and faster escalation for victims. They could also expose gaps Congress has yet to fund, including the number of agents, analysts, prosecutors, forensic specialists, and victim-support staff needed to make the task force more than a directory.

The bill leaves appropriations unspecified. It leaves victim intake, response deadlines, and work-sharing rules open. It creates a task-force model, while NCET operated as a dedicated DOJ enforcement team before the April 2025 shift.

That restraint is politically useful because it keeps the bill away from the broader crypto market fight. It is also the core weakness.

A task force can standardize evidence handling, training, and referrals, but only if agencies dedicate people, data access, and authority to the job.

The policy whiplash is real even though the bill text itself follows a coherent line. Washington can be friendlier to market access and still decide that stolen crypto needs a dedicated federal response.

The open question is whether Congress wants that response to be a specialized capability with resources behind it, or another formal label over a problem victims already experience as fragmented.

The post Congress moves to rebuild crypto crime task force after DOJ dismantled its dedicated crypto team appeared first on CryptoSlate.

SpaceX shares rose in early market trading Monday, extending gains from its record IPO debut after Elon Musk said the company could reach $1 trillion in annual revenue by the end of the decade.

Yahoo Finance data show the stock traded near $170, up about 6% from Friday’s close.

The move followed a strong first session in which SpaceX priced its initial public offering at $135 a share, opened at $150, and closed at $161.11, giving the company a market value of about $2.2 trillion.

The rally also spilled into crypto-linked derivatives tied to the stock. CoinGlass data show SpaceX futures volume climbed 140% to about $930 million, while open interest rose above $540 million.

The early market advance added fresh momentum to one of the most closely watched listings in years, underlining investor appetite for exposure to Musk’s rocket, satellite, and artificial intelligence company after the largest IPO on record.

Retail fuels SpaceX's record IPO debut

SpaceX raised $75 billion on its first day of trading, making it the largest IPO on record and immediately placing the rocket, satellite, and artificial intelligence company among the most valuable publicly traded companies in the US.

The company’s market value of over $2 trillion put it behind Amazon, valued at about $2.54 trillion, and ahead of Broadcom, valued at about $1.81 trillion.

Available data shows that retail investors played a central role in that debut.

Vanda Research data shows that individual investors bought a net $93.8 million of SpaceX shares on Friday, the largest single-day net retail purchase for any IPO on record.

Moreover, SpaceX accounted for about 4% of all single-stock retail turnover that day, with net purchases more than 3.5 times those of Nvidia, the next most purchased stock.

Meanwhile, the listing also spilled into crypto markets, where traders used tokenized equity products and derivatives to gain exposure to the stock. This is particularly notable, given the challenges that marked the first trading day on some crypto trading platforms, such as Binance.

Still, CryptoQuant data showed strong activity across platforms that listed SpaceX-linked instruments. On Gate.com, trading volume for the tokenized SPCX ticker exceeded $100 million on its first day, compared with about $4 million for Circle and $3.5 million for Tesla on the same venue.

Equity-linked tokens on Gate.com typically generate daily volumes between $10 million and $25 million across the assets shown in the platform’s data. SpaceX’s first-day activity stood well above that range, showing the scale of demand among crypto-native traders.

The activity suggests tokenized equities are becoming a more visible outlet for major stock-market events. These products remain small compared with traditional equity markets, and their regulatory treatment varies by jurisdiction.

Still, the SpaceX debut showed that crypto traders are willing to use on-chain or exchange-based instruments to gain exposure to high-profile public companies without leaving digital asset venues.

Musk stretches the growth case

SpaceX's rally gained further momentum after Musk posted on X over the weekend that the firm could generate $1 trillion in annual revenue by 2030. He added that he would be surprised if the company failed to exceed that level by 2031.

The projection gave investors a new benchmark for a stock already trading at one of the richest valuations in the public market. SpaceX reported about $18.7 billion in revenue in 2025, meaning Musk’s target would require revenue to increase more than 50-fold in roughly five years.

That forecast also sits well above some of the most optimistic Wall Street estimates. Morgan Stanley projects about $330 billion in revenue by 2030, meaning Musk’s figure is roughly three times that estimate.

Meanwhile, Brett Winton, chief futurist at Ark Invest, has taken a more aggressive long-term view, saying Starlink and Starshield could generate more than $1 trillion in excess cash through 2035 while reaching $400 billion in annualized earnings.

The wide gap between current revenue and those projections helps explain the debate around SpaceX’s valuation.

The company’s revenue base is large for an aerospace business, but still small compared with the market value now attached to the stock. Its 2025 revenue marked strong growth from the previous year, while first-quarter 2026 revenue came in around $4.69 billion.

The company, however, remained in the red as spending increased.

This means that investors backing the stock are betting that several businesses can scale at once. Starlink, SpaceX’s satellite broadband network, is the company’s largest near-term revenue driver. It has become a meaningful source of recurring sales and gives SpaceX a global consumer and enterprise product outside traditional launch services.

Starshield, its government-focused satellite communications unit, has also become part of the bullish case as demand for secure connectivity grows among defense and public-sector customers.

Starship carries the more speculative upside. The launch system is designed to reduce the cost of reaching orbit and support larger commercial, government, and scientific missions. SpaceX has framed it as central to future markets in space logistics, lunar operations, Mars development, and other forms of transport.

The company has also broadened its pitch around artificial intelligence, telecommunications, and space infrastructure.

Its prospectus placed the total addressable market for those ambitions at up to $28.5 trillion, a figure that includes several industries still in their early stages of development.

Those projections help explain the intensity of demand around the IPO. They also show how much of SpaceX’s valuation depends on businesses that must scale quickly, absorb heavy investment, and avoid major technical or regulatory setbacks.

Scrutiny emerges around SpaceX's valuation

Meanwhile, SpaceX's market momentum has also drawn warnings from analysts who say its valuation leaves little room for slower growth, higher costs, or delays in its major projects.

CFRA analysts cited SpaceX’s demanding growth assumptions, elevated valuation, and heavy capital needs as key reasons for their cautious view.

Those costs are already rising. SpaceX reported $10.1 billion in capital expenditures for the three months ended March, compared with $4.1 billion a year earlier. The increase reflected spending on artificial intelligence infrastructure, Starship development, and other long-term projects.

At the same time, profitability remains another pressure point. The company lost nearly $5 billion in 2025, while accumulated losses over the past several years are estimated at $50 billion.

SpaceX also warned in its prospectus that it may never become profitable, a disclosure that underlines how much spending may still be required before its biggest bets mature.

Henrik Zeberg, a macro analyst at Swissblock, said the market is treating SpaceX as one of the world's most valuable companies despite its losses.

He compared the valuation with past periods of market excess and argued that investors are paying ahead for the earnings power the company has yet to prove.

According to him:

“There is no doubt! We have the largest Bubble ever. And it will burst. Not yet. Expect surge into final top…. But soon!”

Nonetheless, Wall Street’s early targets show little agreement on where the stock should trade.

Loop Capital has the highest target at $349, followed by Baird at $320 and Bernstein at $310. Oppenheimer set its target at $190, while New Street Research is at $165.

The average sits near $267, but the wide range reflects sharply different views on SpaceX’s future revenue, margins, and market opportunity.

To sustain the rally, SpaceX will need to show that its largest businesses can grow fast enough to support the price investors are paying. The market will be looking for updates on Starlink growth, Starship progress, government contracts, AI-related spending, and any sign that revenue is moving closer to Musk’s $1 trillion target.

For now, investors are paying a premium for access to a company that was out of reach in public markets for years. That premium could remain intact if SpaceX keeps expanding quickly, but it also leaves the stock exposed if costs rise faster than expected or its path to profitability takes longer than the market currently assumes.

The post SpaceX rally extends as Elon Musk’s $1 trillion revenue call draws retail and crypto traders appeared first on CryptoSlate.

Metaplanet is trying to turn one of the largest corporate Bitcoin treasuries into a regulated product channel.

The Japanese company has agreed to acquire 100% of Siiibo Securities for 2.1 billion yen, with the share transfer on July 13 and a full subsidiary conversion expected later in August. Siiibo is expected to be renamed Metaplanet Securities.

The acquisition changes the shape of Metaplanet's Bitcoin strategy. Its latest materials say it held 40,177 BTC as of May 31, but the Siiibo deal is about what can be built around that balance sheet.

Metaplanet wants to use the acquisition as part of Project Nova, a plan to build a Bitcoin-focused financial ecosystem in Japan. The possible product set includes BTC-linked bonds, digital credit, tokenized securities, securities funds, and yield-style offerings for Japanese investors.

The strategic test is whether that makes Bitcoin more useful inside Japan's financial system or turns corporate BTC reserves into another structured-product machine.

The broker is the distribution channel

Siiibo is a small acquisition in dollar terms, roughly $13.1 million using the headline conversion, but it gives Metaplanet something a treasury balance alone cannot provide: securities distribution infrastructure.

Metaplanet's formal notice describes Siiibo as an online securities company focused on corporate bonds. The Siiibo platform presents yen-denominated bond opportunities with maturities and historical handled-yield ranges, while making it clear that principal and returns carry credit risk and are not guaranteed.

That distinction is central to the deal. Bitcoin is a bearer asset rather than an interest-bearing instrument. When a company speaks about Bitcoin-linked yield, the income has to come from a structure around BTC.

That structure could involve credit spreads, options, collateralized lending, tokenized claims, or another product design. The yield language matters because the risk sits in those mechanics.

Metaplanet has been preparing that turn for months. Its 2026 first-quarter presentation described Project Nova in terms that went beyond buying and holding Bitcoin, including option-writing income, BTC securities or funds, and regulatory readiness targets.

Siiibo gives that plan a route into a regulated securities business. The Financial Services Agency's list of financial instruments business operators supports Siiibo's regulated status.

That registration supports the platform, while future Bitcoin products still need their own terms and regulatory treatment.

The commercial logic is easy to see. Japan has a large household savings base and a financial system where regulated distribution channels matter.

Bank of Japan data show households held about 2,351 trillion yen in financial assets at the end of December 2025. About 1,140 trillion yen, or 48.5%, sat in currency and deposits.

That scale is addressable-market context rather than evidence of demand. It explains why Metaplanet wants a channel that can translate a Bitcoin treasury story into products that fit local brokerage, disclosure, and suitability rules.

CryptoSlate has covered the same opening from another angle: Japan's potential ETF path could link Bitcoin exposure to household savings via regulated financial products.

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Metaplanet's Siiibo deal points to a company-level version of that idea, where a corporate BTC holder tries to build the rails itself rather than wait for a broader ETF market to do the work.

Japan's regulatory backdrop is still forming. FSA materials have discussed moving crypto assets toward securities-style treatment under the Financial Instruments and Exchange Act, while also warning that oversight should be read as regulation rather than official endorsement.

A separate FSA update noted that crypto taxation and possible separate taxation remain part of the policy debate.

Those caveats matter. A regulated platform can enable distribution while leaving volatility, credit exposure, tax friction, and product disclosure risk in place when Bitcoin is turned into a product with a yield target.

Yield turns the hard-money pitch into product risk

Metaplanet's acquisition comes as more financial firms are trying to generate income from Bitcoin exposure.

CryptoSlate reported this week that BlackRock and Goldman Sachs are racing to package Bitcoin volatility into premium-income ETF products. Those structures can create cash distributions by selling upside, but they can also cap participation when Bitcoin rallies.

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Metaplanet's route starts with a corporate treasury and a securities platform in Japan. The tension is similar. Once Bitcoin is packaged into an income product, the investor owns a structure with rules.

Those rules determine whether the product provides useful financial access or adds an extra layer of complexity. A BTC-linked bond could expose investors to issuer credit risk, Bitcoin price risk, collateral terms, or redemption constraints.

A tokenized security could make settlement or access easier while introducing questions about custody, disclosure, and transferability. A yield product could be conservative or could hide leverage behind a simple return figure.

Metaplanet's 40,177 BTC balance gives the company scale and a narrative. Siiibo gives it a possible sales and structuring channel.

The missing piece is the product sheet that shows how Bitcoin actually supports the return investors are being offered.

Prior CryptoSlate coverage of Metaplanet's Bitcoin-backed credit activity and broader BTC-backed lending shows why that missing piece matters.

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BTC can serve as collateral, a treasury reserve, a source of volatility, or a marketing anchor. Each use creates a different risk profile.

The deal has a clear near-term checklist. Investors should watch whether the July share transfer closes, whether Siiibo becomes a wholly owned subsidiary in August, and whether the Metaplanet Securities rename proceeds as planned.

The more important signals will come after that. Product filings, investor disclosures, collateral terms, risk language, and tax treatment will show whether Project Nova is building simple regulated access or adding complex wrappers around BTC exposure.

The constructive version is straightforward. Metaplanet could use its BTC reserves and Siiibo's platform to make Bitcoin-linked exposure easier to understand and access within Japan's regulated financial system.

The risk version is just as clear. A treasury company can use Bitcoin's hard-money brand to sell products whose returns come from credit, options, leverage, or structured payoffs that behave very differently from holding BTC.

That is the real test for Metaplanet Securities if the acquisition closes. The company must demonstrate that it can convert its Bitcoin holdings into useful financial products while avoiding the leverage and complexity Bitcoin was designed to avoid.

The post Asia’s top Bitcoin holder wants to turn its BTC pile into income, but the returns hide new risks appeared first on CryptoSlate.

A Tron address reportedly received 120.2 million USDT last week and began routing funds before Tether reportedly froze about $72 million in USDT after the flow was flagged as suspected laundering, with no specific hack publicly tied to the wallet.

The freeze appears to have frozen funds that were still held in USDT. It did not answer the larger operational question raised by the flow: how much time stablecoin issuers have before traceable tokens move into liquidity where public tracing becomes harder.

That question became visible through Monero. Reports attributed to on-chain investigator ZachXBT said the same entity created large XMR orders while also sending funds toward KuCoin deposit addresses, instant exchanges, and cross-chain routes.

The buying was large enough to push XMR from roughly $330 to a reported range of $420-$438.

The visibility came from buy pressure that moved the price rather than from follow-on Monero transaction data. A privacy coin designed to hide transaction details became the place where the attempted routing was easiest to spot.

How the route became visible

The public trail begins with the Tron address reported by ZachXBT and mirrored by a USDT ban-list monitor.

The posts said the address received 120.2 million USDT on Tron. They also said it sent more than $12 million to KuCoin deposit addresses, moved about $8 million to instant exchanges, bridged more than $8 million from Tron to Bitcoin and Ethereum through Near Intents, and created Monero orders that pushed XMR higher.

The same monitoring page later listed a related Tron address as blacklisted, with 72,030,295.55 USDT frozen. Separate reports described the same core sequence: a large USDT balance arrived on Tron, funds were split across routes, Monero buying lifted XMR, and Tether froze roughly $72 million that had not yet moved.

The reports do not identify the wallet's owner. The original source of the 120.2 million USDT is also unresolved. That means the flow should be treated as a suspected laundering pattern, not as a confirmed attribution to a known hacker, sanctions actor, or exploit.

That order of operations is the key technical detail. Address-level freeze power applies only after an issuer or monitoring system identifies a token balance that can still be blocked.

In the reported flow, several routes were already in motion before the blacklist entry appeared: centralized-exchange deposit addresses, instant-exchange paths, bridge movement, and XMR orders.

Each route creates a different recovery problem. Exchange deposits can trigger a compliance request, bridge paths require cross-chain tracing, and XMR orders can leave investigators with market impact rather than full transaction visibility.

What Tether could still stop

USDT is a dollar stablecoin issued by a centralized company across multiple blockchains, including Tron. A stablecoin issuer can blacklist specific token addresses and prevent tokens at those addresses from being transferred.

USDT's market profile identifies issuer controls as a central risk and shows how deeply the token is embedded in crypto plumbing.

USDT is used for trading pairs, dollar settlement, exchange liquidity, DeFi liquidity, payments, remittances, and on-chain transfers. Its usefulness comes from broad distribution and deep liquidity, while its control risk comes from reliance on an issuer that can freeze tokens in some circumstances.

In an April statement about a separate $344 million freeze, Tether said it can restrict assets when wallets are tied to sanctions evasion, criminal networks, or other illicit activity. The company also said it works with more than 340 law enforcement agencies across 65 countries.

That gives the compliance tool its force, and also defines its limit. A blacklist can prevent USDT from being sent to a known address.

It cannot directly pull back value that has already been swapped into another asset, sent to a venue, bridged through another route, or pushed into a privacy system where public transaction details are obscured.

In this case, the freeze appears to have caught the portion still within the controllable USDT layer. The roughly $48 million reported to have moved first is the harder part of the story.

The next stage depends on venue cooperation, off-chain investigation, and whatever traceability remains after the conversion route.

Monero plays a different role from a standard volatile asset in this story. It is one of crypto's best-known privacy coins, and its design changes what investigators can see after a conversion.

The Monero project says the network prioritizes privacy and uses technologies such as RingCT, stealth addresses, and ring signatures. XMR's market profile describes it as a privacy-focused asset whose design obscures sender, recipient, and amount data on-chain.

That does not make all Monero activity illicit. Privacy coins are also used by people who do not want balances, counterparties, or spending patterns exposed on public ledgers.

The point in this case is more specific: if suspect funds move quickly enough from transparent stablecoin rails into XMR, public tracing becomes much harder, while the conversion itself can still leave a market footprint.

That footprint was large relative to visible liquidity. CryptoSlate's Monero market data showed about $319 million in 24-hour XMR volume on June 12.

If roughly $48 million moved before the freeze, that amount would equal about 15% of that daily volume. The comparison is not a precise execution map because the $48 million was reportedly split across several routes, and CryptoSlate's volume figure was based on live market data.

The pattern also fits a broader crime trend without proving this wallet's origin. TRM Labs' 2026 crypto crime report described rising support for Monero-only darknet markets and, in separate sections, faster cash-out and fragmentation behavior among illicit actors.

CryptoSlate has also tracked renewed pressure on privacy coins, driven by Zcash's challenge to Monero.

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The next signal is speed

Tether's reported freeze did two things at once. It likely stopped a large amount of USDT from moving further, and it showed how little time an issuer may have before a laundering route leaves the part of the stack the issuer can control.

Stablecoin freezes work best while value is still in a token that can be blacklisted. Once funds are split across exchanges, instant swap services, bridges, and privacy coins, the response shifts from direct token control to investigation, exchange cooperation, and market surveillance.

Recent coverage of stablecoin freezes following the Drift and Rhea incidents framed the same tension from a user-protection angle: emergency intervention can stop the theft of funds, but it also concentrates power in the hands of issuers, who can decide when and how to block digital dollars.

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The Monero routing adds a second layer. Even when an issuer can act quickly, privacy liquidity can make the next hop difficult to follow.

The next signals are practical. Tether could confirm the specific freeze or explain the basis for blacklisting. Exchanges and swap services could identify downstream deposits. ZachXBT or other investigators could update the trail.

XMR liquidity could show whether the conversion pressure has been absorbed.

Stablecoin blacklist power stopped what remained in USDT. The price impact in XMR showed what may already have left that control layer.

The post Did Tether just freeze $72M in USDT with no link to a hack in Monero money laundering sting? appeared first on CryptoSlate.

Bitcoin climbed back above $65,000 earlier today, reversing weeks of intense selling pressure after a sudden diplomatic breakthrough between the United States and Iran lifted a major geopolitical cloud over global financial markets.

Data from CryptoSlate shows that the flagship digital asset rose more than 3% to reach as high as $65,940, but has since retraced slightly to $65,668 as of press time. Ethereum, the second-largest cryptocurrency by market capitalization, also advanced to $1,724 as of press time.

The market turnaround followed a weekend announcement from President Donald Trump stating that a peace agreement to end the three-month-old conflict in the Middle East had been finalized.

The agreement includes the immediate removal of the US naval blockade and the reopening of the Strait of Hormuz, a critical maritime chokepoint through which roughly 20% of the world’s crude oil supply transits.

The framework for the peace deal, mediated by Pakistan, is scheduled to be formalized at an official signing ceremony in Switzerland on June 19.

Confirming the resolution, Shehbaz Sharif, Pakistan's Prime Minister, said:

“Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.”

Following the confirmation, the announcement quickly moved across asset classes. Oil prices fell, equity futures rose, and crypto markets recovered as traders unwound part of the war premium that had built up since the conflict began in late February.

Data from oilprice.com showed that West Texas Intermediate crude dropped nearly 5% to hover around $80 per barrel, while Brent crude slipped below $84. Both benchmarks had surged above $110 earlier in the conflict as traders priced in the risk of a prolonged disruption to energy flows.

The decline in crude prices helped ease concerns that another energy shock would feed into inflation and force central banks to keep policy tighter for longer. That shift gave risk assets, including Bitcoin, room to rebound.

Still, the recovery remains fragile. The Iran deal removed an immediate macro stressor, but it also pushed the market’s focus back to the Federal Reserve, where newly appointed Chair Kevin Warsh faces his first policy meeting this week.

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Selling pressure begins to ease

Bitcoin’s rebound was not driven by macro relief alone, as on-chain and fund-flow data suggest that some of the forced selling that weighed on the market earlier this month has started to cool.

Data from SoSoValue shows US spot Bitcoin ETFs recorded $316 million in outflows last week, marking a notable slowdown after more than $5 billion had exited the funds over the previous four weeks.

That easing became clearer last Friday, when the funds posted $85 million in net inflows, their strongest single-day positive flows in more than three weeks.

The reversal suggests that Wall Street’s aggressive unwind of long Bitcoin exposure may have reached a point of temporary exhaustion.

CryptoQuant data points to a similar shift among large holders. The firm said whale selling pressure slowed as major wallets appeared to absorb supply near the recent lows.

Its exchange whale ratio rose to 62.3% during the drawdown, indicating that large holders accounted for a larger share of exchange activity as Bitcoin approached the bottom of its recent range.

The shift was followed by a wave of withdrawals from trading venues. More than 11,400 BTC, worth roughly $750 million at current prices, were moved from exchanges into cold storage, according to CryptoQuant. By June 14, the total supply held by wallets containing at least 100 BTC had reversed a 12-day decline.

Those signals suggest Bitcoin has moved away from the most aggressive phase of forced selling and into a more balanced structure.

That matters because the recent decline was intensified by weak liquidity, ETF outflows, and derivatives positioning. When those pressures begin to ease and macro conditions improve, relief rallies can move quickly.

Bitcoin must turn relief into demand

For Bitcoin, the next few sessions will show whether today's move marks the start of a broader recovery or another short-lived stabilization rally.

The derivatives market could help determine that outcome.

Crypto research firm 10X Research said Bitcoin’s earlier break below $70,000 triggered forced selling from options dealers who were short gamma around that level. As prices fell, dealers had to sell more of the underlying asset to hedge their exposure, adding pressure to the decline.

That positioning has now shifted lower. According to the firm, the largest negative-gamma strike on the board, worth about $1.8 billion, is now close to Bitcoin’s current spot price.

The setup could cut both ways. If Bitcoin fails to hold current levels, dealer hedging could add renewed pressure.

However, if the market breaks higher, the same mechanics that worsened the selloff could force dealers to buy into the move, strengthening the rebound.

The signal is especially important because implied volatility across major crypto assets has fallen below realized volatility. In effect, options markets are pricing in less movement than Bitcoin has recently delivered.

That leaves the market vulnerable to a sharp repricing if this week’s macro events surprise traders.

The $65,000 level is now the immediate line to watch. If Bitcoin can hold above that area and push toward $68,000 to $70,000 on stronger spot demand and improving ETF flows, the market would have a stronger case for a durable rebound.

However, a move back below $62,000 would weaken that setup and put the $60,000 region back in focus.

The post Bitcoin jumps as Trump’s Iran deal reopens Hormuz – but will Warsh’s first Fed meeting kill the rally? appeared first on CryptoSlate.

Hyperliquid is becoming one of the biggest stories in crypto as HYPE continues to climb the market cap rankings. While Bitcoin, Ethereum and other major altcoins are recovering from the recent sell off, HYPE is standing out with stronger momentum and growing attention from traders.

According to the latest market overview, Hyperliquid is trading around $66, up more than 9% in the last 24 hours. Its market cap has climbed above $16 billion, placing HYPE near the top 10 cryptocurrencies and ahead of several major altcoins.

The rise of HYPE is not only about price action. Hyperliquid is also gaining attention as one of the most important decentralized trading platforms, especially as demand for perpetual futures, tokenized assets and on chain trading continues to grow.

Hyperliquid Moves Into the Top 10 Race

HYPE has become one of the strongest large cap crypto performers, with its market cap now above $16 billion. This puts Hyperliquid in direct competition with some of the biggest names in the market, including Dogecoin, Zcash, Cardano, Chainlink and Monero.

This is important because HYPE is no longer moving like a small speculative altcoin. Its current market cap places it among the most valuable crypto assets, which means more traders and investors are now watching it as a serious large cap project.

The latest move also shows a shift in market interest. While older altcoins are still trying to recover from recent losses, Hyperliquid is gaining momentum because it is tied to one of the strongest current crypto narratives: decentralized trading infrastructure.

Why Is HYPE Pumping?

The main reason behind the HYPE rally is the growing importance of Hyperliquid as a decentralized perpetuals exchange. The platform allows traders to access on chain markets without relying on traditional centralized exchange structures.

Hyperliquid has also benefited from the recent rise of pre IPO and tokenized market products. As crypto traders look for exposure to major private companies and high interest assets, platforms like Hyperliquid are becoming more relevant.

This became especially visible during the SpaceX trading wave, where pre IPO style futures and tokenized exposure became a major market topic. Hyperliquid was one of the platforms gaining attention from this trend, showing how decentralized trading venues are expanding beyond classic crypto pairs.

At the same time, HYPE benefits directly from the growth of the Hyperliquid ecosystem. As platform activity increases, demand for the native token can also rise, especially if traders believe Hyperliquid will keep taking market share from centralized exchanges.

HYPE Price Prediction: Can Hyperliquid Continue Higher?

The key question now is whether HYPE can hold its current breakout and continue pushing deeper into the top 10 crypto rankings.

If HYPE manages to stay above the $60 to $65 range, the bullish structure remains strong. Holding this area would show that buyers are defending the rally and that the recent move is not only a short term spike.

The next upside target for HYPE is around $70, followed by the previous high area near $75. If buying pressure continues and the broader crypto market stays positive, a move toward $80 could become possible.

However, HYPE has already posted a strong move, so traders should also watch for profit taking. If the price fails to hold above $60, HYPE could pull back toward $55 before attempting another move higher.

Could HYPE Become a Permanent Top 10 Crypto?

HYPE has a real chance to remain in the top 10 discussion if Hyperliquid continues to grow as a major decentralized exchange. Unlike many meme driven rallies, HYPE is tied to a platform with real trading activity and a clear market use case.

This gives Hyperliquid a stronger narrative than many short term altcoin pumps. The project is benefiting from three major themes at once: decentralized perpetuals, on chain trading and tokenized market speculation.

Still, staying near the top 10 will not be easy. HYPE will need to defend its market cap against established coins such as Dogecoin, Cardano, Zcash and Chainlink. It will also need continued trading volume and ecosystem growth to justify its higher valuation.

If Hyperliquid keeps attracting users and trading volume, HYPE could become one of the most important utility tokens in the market. But if volume drops or the broader market turns bearish again, the token could face a sharp correction.

Is HYPE a Buy After the Rally?

HYPE is showing strong momentum, but buying after a major rally always comes with risk. The better setup may depend on whether the token can hold support above the $60 to $65 area.

For short term traders, the most important levels are $65 on the downside and $70 to $75 on the upside. A breakout above $75 could confirm renewed strength, while a drop below $60 could signal that the rally is losing momentum.

For longer term investors, the main question is whether Hyperliquid can continue growing its position in decentralized trading. If the platform keeps expanding and attracting volume, HYPE could remain one of the strongest large cap crypto assets.

Conclusion: Hyperliquid Becomes One of the Most Important Crypto Stories

Hyperliquid is no longer just another fast moving altcoin. With HYPE trading near $66, up more than 9% in 24 hours, and a market cap above $16 billion, the token has become a serious top 10 contender.

The rise of HYPE reflects growing interest in decentralized trading platforms, perpetual futures and tokenized market exposure. If Hyperliquid continues to gain users and trading volume, HYPE could remain one of the strongest crypto assets to watch.

The next major test is whether HYPE can hold above the $60 to $65 range. If buyers defend this zone, the token could target $70, $75 and potentially $80 next. But if the rally loses strength, a short term correction toward $55 remains possible.

For now, Hyperliquid is one of the most important names in the crypto market, and HYPE’s rise into the top 10 race shows how quickly the next generation of crypto infrastructure projects can challenge older market leaders.

Zcash is suddenly back in the spotlight after becoming one of the strongest performers among the top cryptocurrencies. While Bitcoin and Ethereum are recovering from the recent market sell-off, ZEC is outperforming most major coins with a sharp daily rally.

According to the latest crypto market data, Zcash is trading around $494, up more than 15% in the last 24 hours. Its market cap has climbed above $8 billion, placing it ahead of several major altcoins and making it one of the biggest winners in the current market rebound.

Zcash Leads the Crypto Market Recovery

The broader crypto market is showing signs of recovery after a difficult sell-off, with Bitcoin back above $65,000 and Ethereum moving above $1,700. However, Zcash is standing out with a much stronger move than most large-cap cryptocurrencies.

While BTC is up around 1.5% and ETH is up around 2.3%, ZEC has gained more than 15% in the same period. This makes Zcash one of the strongest performers among the top 20 cryptos, outperforming XRP, Solana, Cardano, Chainlink, Monero, and Bitcoin Cash.

This strong move is especially important because Zcash was recently under pressure with the rest of the market. The sharp rebound suggests that buyers may be returning aggressively to privacy-focused coins, especially as traders look for altcoins with stronger upside momentum.

Why Is ZEC Pumping Today?

The ZEC rally appears to be driven by a mix of market recovery, renewed interest in privacy coins, and strong technical momentum.

Privacy coins have been gaining more attention as the crypto market shifts back toward narratives beyond Bitcoin and Ethereum. Zcash remains one of the most recognized privacy-focused cryptocurrencies, and its position in the top 20 gives it higher visibility when market sentiment improves.

Another reason behind the rally is the technical setup. After the recent correction, ZEC may have entered an oversold or undervalued zone, attracting traders looking for a rebound. Once the price started moving higher, momentum buyers likely joined the move, pushing ZEC above other major altcoins in daily performance.

The strong 24-hour volume also supports the move. Zcash recorded more than $750 million in daily trading volume, showing that the rally is not only based on low liquidity but backed by stronger market activity.

ZEC Price Prediction: Can Zcash Continue Higher?

The key question now is whether ZEC can hold this breakout or whether the current move is only a short-term relief rally.

If Zcash manages to stay above the $480–$500 area, the bullish momentum could continue. A clean hold above this zone would suggest that buyers are defending the recovery and could open the door for another move toward the next resistance levels.

The next upside targets for ZEC could be around $550, followed by $600 if buying pressure continues. A move above $600 would be a strong signal that Zcash is not only recovering from the recent crash but possibly entering a larger bullish continuation phase.

However, traders should also watch for rejection near the current levels. After a 15% daily surge, short-term profit-taking is possible. If ZEC fails to hold above the $480 area, the price could pull back toward $450 or lower before attempting another move higher.

Is Zcash a Buy After the 15% Rally?

Zcash is showing strong momentum, but buying after a sharp daily rally always carries risk. The better setup may depend on whether ZEC can confirm support above the $480–$500 range.

For short-term traders, the most important signal is whether ZEC continues to outperform the broader market. If Bitcoin remains stable above $65,000 and Ethereum holds above $1,700, altcoins like ZEC could continue to benefit from renewed risk appetite.

For longer-term investors, the privacy coin narrative remains the main factor. If market interest in privacy-focused cryptocurrencies continues to grow, Zcash could remain one of the main beneficiaries because of its strong brand, large market cap, and long history in the crypto market.

Conclusion: ZEC Becomes One of the Strongest Crypto Gainers

Zcash has become one of the biggest winners in the latest crypto market rebound, surging more than 15% in 24 hours and pushing its market cap above $8 billion. The move comes as Bitcoin and Ethereum recover, but ZEC is clearly outperforming most major cryptocurrencies.

The next major test is whether Zcash can hold the $480–$500 area. If buyers defend this zone, ZEC could aim for $550 and possibly $600 next. But if the rally loses strength, a short-term pullback could happen before the next attempt higher.

For now, Zcash is one of the most important coins to watch as privacy coins lead the latest altcoin recovery.

To be precise about a fast-moving story: a deal has not been signed yet, and the Strait of Hormuz is not confirmed open. What happened is that President Trump announced a signing is imminent. Trump said on Saturday that a deal with Iran to end the war "is scheduled to get signed tomorrow" and that "immediately after it is signed, the Hormuz Strait is OPEN TO ALL."

Iran, however, has signaled caution on the timing. Iranian Foreign Ministry spokesman Esmaeil Baqaei said on June 13 that signing was unlikely that Sunday, that the agreement could still be signed in the coming days, but warned against predicting a timeline due to what he called "the hesitancy of the other side." As of now, mediation continues: Qatari negotiators traveled to Tehran in a bid to finalize the deal, even as Trump said it was scheduled for June 14 and Hormuz would reopen "to all" immediately afterward, despite conflicting signals from Tehran. In short: imminent and heavily negotiated, but not yet done.

What's Reportedly in the US-Iran Deal

The terms being reported are significant, both geopolitically and for markets. According to a senior Iranian official cited by Reuters, the draft stipulates that Iran would immediately open the Strait of Hormuz while the US lifts its naval blockade of Iranian ports, releases $25 billion of Iran's frozen assets, imposes no new sanctions until a final deal, and waives oil sanctions on Tehran. In return, Iran would agree not to produce or purchase nuclear weapons, enrich no new uranium until a final deal, and dilute its highly enriched uranium stockpile domestically.

On the waterway itself, the mechanics matter for oil. Per sources cited by NBC News, the memorandum would reopen the Strait of Hormuz immediately without tolls and restore prewar shipping within roughly 30 days, alongside lifting the US blockade of Iran's ports, with a 60-day extension of the current ceasefire.

Why This Matters for Crypto

Here's the connection that makes this a crypto story, not just a geopolitics one. The Iran conflict has been a direct source of the "risk-off" pressure weighing on $Bitcoin and the broader crypto market. In recent sessions, crypto's weakness was explicitly tied to the conflict: global equities fell and oil rose as US forces struck Iran and the prior ceasefire collapsed, dragging risk assets — including crypto — lower.

The Strait of Hormuz is the key transmission channel. For roughly three months, the Strait of Hormuz — which normally carries one-fifth of the world's oil — has been closed to most shipping traffic, drawing down global oil inventories at a rapid pace. That closure pushed oil prices up, which feeds inflation, which keeps central banks hawkish — and a hawkish, high-inflation backdrop is exactly what has been suppressing Bitcoin. A credible deal that reopens Hormuz would, in theory, ease oil prices, soften inflation pressure, and remove a major overhang on risk appetite. That's the bullish case crypto traders are watching.

The Catalyst Timing: Why This Week Is Pivotal

The deal headlines collide with the single most important macro event on the crypto calendar this week: the Federal Reserve meeting. Markets have been treating the June 16–17 FOMC as the decisive near-term catalyst for $BTC, with analysts framing the outcome as the difference between a bounce toward the high-$60Ks/low-$70Ks and a break below $60K. An Iran de-escalation landing in the same window could amplify whichever direction the Fed sets — easing geopolitical and oil-price fear right as rate expectations are reset.

The Risks: Why Not to Trade the Headline

A word of caution that the on-and-off history of this conflict fully justifies. Previous "imminent deal" moments have repeatedly failed to materialize, and the current framework still hinges on final sign-off from Tehran. Sources indicate the final sign-off from Iran's Supreme Leader is the last missing piece. The agreement is also fragile to outside events: the latest reporting notes fresh Israeli strikes in Lebanon that could threaten the deal. For crypto traders, that means an announced reopening of Hormuz can move markets fast in either direction — and an unsigned deal can unravel just as quickly.

Is Bitcoin Near a Bottom? The Short Answer

Bitcoin has entered a deep bear-market valuation zone, meaning several on-chain and sentiment metrics now sit at levels that historically appear near major market bottoms. But "bottom valuation zone" is not the same as a confirmed bottom. As of mid-June 2026, the evidence is genuinely two-sided: Bitcoin looks historically cheap by on-chain measures, yet analysts warn that the hardest phase — a slow, grinding sideways market — may still lie ahead. The near-term direction likely hinges on the June 16–17 Federal Reserve meeting.

Here is what the data actually shows, metric by metric.

Where Bitcoin's Price Stands in June 2026

$Bitcoin recently hit its lowest levels in roughly two years. Bitcoin briefly fell below $60,000 for the first time since 2024 before rebounding to around $62,623, up 1.9% on the day but still posting a weekly loss. The price is now resting on a long-term support line that technical analysts treat as a generational floor. Bitcoin is trading near its historically depressed 200-week average, a level typically seen late in bear markets, even after the hottest U.S. inflation reading in three years.

The key support and resistance levels to watch are clear. Immediate support sits at $62,000–63,000, then the $60,000 psychological line, with $55,000–58,000 as the deeper stress zone; resistance is the $70,000–74,000 band, and a weekly close on either side of $60,000 is the near-term tell.

What On-Chain Data Says About a Bitcoin Bottom

The strongest argument that Bitcoin is near a bottom comes from on-chain valuation, specifically the realized price — the average price at which all circulating Bitcoin last moved, which acts as the network's aggregate cost basis. Current on-chain data places Bitcoin's realized price near $54,000 and the average cost basis of long-term holders around $48,000 — levels that have historically served as critical support zones during previous market cycles.

This matters because of what trading below realized price signals. When Bitcoin trades below its realized price, the average holder is underwater, and prolonged trading below that level has been rare and often associated with major bear-market bottoms. Other valuation frameworks agree the discount is steep. Checkonchain places Bitcoin's current valuation in the bottom 10% of its historical range, a zone that has frequently appeared during the weakest phases of market cycles. Some analysts name a specific floor: CryptoQuant flags $53,600 as the structural bottom zone, with the 14-day RSI at 24, deep in oversold territory.

What Sentiment Data Reveals

Market sentiment has washed out to levels that typically accompany capitulation. The Crypto Fear and Greed Index sits at 21, deep in extreme fear, down from 50 last month — readings that usually appear when price-sensitive sellers have already done most of their selling. Historically, fear readings have clustered near local and cyclical lows, because they indicate that the holders most likely to panic-sell have largely already exited.

Why Bitcoin May Not Have Bottomed Yet

Here is the crucial counterpoint, and the reason a "bottom valuation zone" is not a green light. A market bottom is usually a process that unfolds over months, not a single dramatic low. As on-chain analyst Checkonchain explains, bear-market bottoms are a process, not an event: first price-sensitive investors capitulate, then comes the harder phase of months of sideways action that slowly wear down the conviction of those who remain.

In practical terms, Bitcoin can be at a historic valuation discount while the time dimension of the bottom has not yet played out. That is the trap for impatient buyers: being correct on value, yet enduring an extended grind before any durable recovery begins.

The Macro Factors That Could Decide Bitcoin's Next Move

Bitcoin is not falling in isolation, and the broader backdrop is pressuring all risk assets. Global equities fell to a more-than-one-month low as a technology-led selloff deepened and US forces struck multiple targets in Iran, collapsing the ceasefire that had held since April, while Brent crude rose toward $95 a barrel. Regulatory optimism has cooled too. Hopes for US regulatory clarity weakened again, with Polymarket odds of the Clarity Act passing in 2026 dropping from 62% to 48% in a week.

The single biggest near-term catalyst is the Federal Reserve. All eyes turn to the FOMC on June 16–17, with Wirex's head of trading saying Fed Chair Warsh's tone will be decisive in determining whether Bitcoin bounces toward $68–72K or breaks below $60K entirely.

So, Is Bitcoin Near a Bottom? The Bottom Line

By valuation, Bitcoin is in a zone that has historically rewarded patient buyers: realized price near $54,000, long-term holder cost basis around $48,000, sentiment at single-digit extreme fear, and price pinned to its 200-week average. By timing, the same analysts flagging that discount caution that bottoms are slow processes, and a months-long sideways grind is a more likely path than a clean V-shaped recovery. The honest answer is that Bitcoin is near a bottom valuation, but whether the price bottom is in depends heavily on macro conditions — with the June 16–17 Fed meeting and a weekly close around $60,000 as the immediate signals to watch.

The crypto market is showing a steady, broadly green session today, with the major assets posting modest daily gains and stronger weekly performance. The CoinMarketCap 20 Index (CMC20), which tracks the top 20 cryptocurrencies, sits at $129.08, up 0.96% on the day and 3.48% over the week — though still down 30.39% year-to-date, a reminder that the broader market remains well below where it started 2026.

Here's where the major coins stand right now.

Bitcoin ($BTC) Price Today

Bitcoin is trading at $64,278.22, up a slight 0.79% over the past 24 hours and 3.35% on the week. As the market's anchor, BTC's quiet daily move masks a more meaningful weekly recovery, but the year-to-date figure tells the harder story: Bitcoin is down 26.55% in 2026 so far. With a market cap of roughly $1.29 trillion, it remains by far the largest cryptocurrency and the reference point for the entire market's direction.

Ethereum ($ETH) Price Today

Ethereum is changing hands at $1,673.77, essentially flat on the day at +0.10% but up a solid 3.94% over the week. Notably, ETH is the standout on the year-to-date column among the majors, up 43.59% — a sharp contrast to Bitcoin's negative YTD and a sign that Ethereum has outperformed the market leader across 2026. Its market cap stands at around $202 billion, keeping it firmly in the number-two spot.

BNB ($BNB) Price Today

BNB is trading at $609.80, up 1.17% on the day — one of the stronger 24-hour moves among the top assets — and 3.56% on the week. Like most of the majors outside Ethereum, its year-to-date figure is negative at -29.36%. With a market cap near $82 billion, BNB holds its position as one of the largest exchange-linked tokens in the market.

XRP ($XRP) Price Today

XRP is priced at $1.14, up 0.25% on the day and 0.98% over the week — the most muted weekly gain among the majors. Its year-to-date performance sits at -37.85%, among the weaker YTD figures in the top ten. XRP's market cap is approximately $71 billion, placing it just behind BNB among the largest non-stablecoin assets.

Solana ($SOL) Price Today

Solana is the clear weekly leader among the majors, trading at $68.08 with a 1.36% daily gain and a strong 4.97% rise over the past seven days — the best weekly performance of any major coin in this snapshot. It also leads on the year, up 45.30% YTD, narrowly edging out Ethereum for the strongest year-to-date showing among the top assets. Solana's market cap stands at around $39 billion.

Other Movers: TRON and Hyperliquid

Beyond the top five non-stablecoin assets, TRON ($TRX) trades at $0.3160, up 0.25% on the day but down 3.60% on the week, while standing out with a positive year-to-date of +11.20%. Hyperliquid ($HYPE) rounds out the list with a market cap of roughly $5.2 billion, reflecting the continued growth of newer DeFi-native tokens in the current cycle.

The U.S. move to pull Anthropic's top models offline shows the dangers of leaning on a few AI providers, Carney said.

Strategy expanded its USD Reserve to $1.1 billion and increased its total Bitcoin holdings, after dipping into those funds last month.

The crypto-related assault reportedly involved attackers posing as police officers, and follows a spate of attacks in the country.

BitMine Immersion Technologies expanded its leading Ethereum treasury to more than 5.6 million ETH valued at greater than $10 billion.

The three crypto market overhangs of the Iran War, SpaceX IPO and ETF outflows appear to be lifting. But can they be trusted?

Bitcoin whitepaper contributor Adam Back takes a swipe at Pavel Durov's GRAM token supply following the official TON rebranding.

In a research note titled "Bye Bye Bitcoin. Hello AI data centers," analyst Michael Funk praises a pivot from legacy Bitcoin mining.

Bitcoin bounced to $66,000 after retail froze, but on-chain data shows who vacuumed up the supply instead.

Japan Embraces Solana as new major exchange listing goes live.

Ripple’s RLUSD bags new milestone as the asset becomes top 9 largest stablecoin across the world, surpassing $1.6 billion in market capitalization.

Key Highlights

• U.S. traders can now access perpetual futures through Kraken’s partnership with Bitnomial

• CFTC-regulated infrastructure enables compliant perpetual contracts without expiration dates

• Kraken Pro integrates perpetuals alongside spot, margin, and traditional futures products

• Bitnomial acquisition provides Kraken with licensed exchange and clearinghouse capabilities

• Regulated perpetual futures expand options for American cryptocurrency derivatives traders

Through a partnership with CFTC-licensed Bitnomial, Kraken has introduced perpetual futures trading for qualified U.S. customers. This development brings a popular offshore derivatives instrument into the American market under regulatory oversight. The integration enhances Kraken Pro’s position as a comprehensive trading platform offering spot markets, margin trading, standard futures, and now perpetual contracts.

Perpetual Futures Now Available to Qualified American Traders on Kraken

Qualified U.S. customers can now trade perpetual futures contracts through Kraken Pro. Unlike traditional futures, these instruments carry no settlement date, enabling traders to maintain positions indefinitely without contract rollovers. This product joins the platform’s existing suite of spot trading, margin facilities, and conventional futures contracts.

Perpetual futures have become a cornerstone of international cryptocurrency markets due to their continuous trading nature. Their design aligns perfectly with the round-the-clock operation of digital asset markets. Exchanges worldwide deploy these instruments to accommodate traders requiring adaptable hedging tools and directional market exposure.

Market analysis indicates perpetual futures contracts surpassed $60 trillion in trading volume throughout 2025. American traders faced restricted access as most trading activity occurred on international platforms. Through regulated derivatives infrastructure, Kraken’s new offering brings this market mechanism to domestic users.

CFTC-Licensed Bitnomial Enables Compliant Perpetual Futures Structure

The perpetual futures offering operates through Bitnomial, which Payward—Kraken’s parent company—acquired earlier this year. Bitnomial maintains CFTC licenses as a registered exchange, clearinghouse, and broker-dealer. These regulatory approvals enable Kraken to provide perpetual futures to qualified American clients within a fully compliant framework.

The strategic acquisition grants Kraken ownership of essential derivatives infrastructure components. This consolidation unifies product listings, clearing operations, and brokerage services under one organizational umbrella. The integrated approach eliminates reliance on third-party venues while delivering a streamlined operational environment for traders.

According to Kraken, users can handle perpetual contracts and other derivatives using a single collateral pool. This arrangement prevents traders from fragmenting capital across multiple platforms to support various positions. Funds remain deployed across diverse trading strategies within a unified account structure.

Regulated Cryptocurrency Derivatives Access Expands in American Markets

This product launch arrives as domestic platforms broaden regulated cryptocurrency derivatives offerings. Coinbase recently secured authorization to connect American users with international perpetual futures liquidity. That milestone followed its Deribit purchase, which bolstered its derivatives market position.

Kraken’s perpetual futures introduction provides another compliant avenue for U.S. traders seeking this exposure. The development demonstrates how major exchanges now leverage licensed infrastructure to rival offshore trading venues. Nevertheless, product availability remains restricted to eligible participants under prevailing regulatory requirements.

This broader industry transition could fundamentally alter how American traders engage with crypto derivatives markets. Regulated platforms increasingly deliver products previously available primarily through foreign exchanges. Kraken’s Bitnomial-enabled launch represents a significant milestone in establishing domestic perpetual futures trading infrastructure.

The post Kraken Introduces Perpetual Futures Trading for U.S. Clients via Bitnomial Partnership appeared first on Blockonomi.

The crypto market is witnessing sharp divergence as Dogecoin price reacts to fast retail sentiment swings and Binance coin price moves within exchange-driven liquidity cycles that often define broader market stability. Both assets remain key indicators of volatility and participation trends, yet neither currently offers a clear breakout structure.

In contrast, BlockDAG (BDAG) is accelerating attention through its limited-time legacy sale and $0.05 buyback program, creating a structured scarcity narrative that stands apart from typical market movement. This pricing gap setup is intensifying interest as traders evaluate early-stage positioning opportunities. In this shifting environment, the focus on the top crypto to buy now is increasingly driven by timing, access windows, and asymmetric potential rather than established market capitalization alone.

Dogecoin Price Swings Between Key Support Levels

Dogecoin price has continued to move within a broad historical range, typically fluctuating between approximately $0.05 and $0.15, depending on overall market sentiment and liquidity conditions. Short-term price action often shows sharp intraday swings, followed by retracements that keep the asset largely range-bound rather than forming sustained trends.

In this environment, Dogecoin price remains highly reactive to shifts in retail interest, macro crypto cycles, and broader risk-on or risk-off sentiment across digital assets. Trading activity tends to cluster around established support zones near the lower end of its range, while periodic rallies test higher resistance levels without consistently breaking into long-term continuation patterns, reinforcing its cyclical and sentiment-driven behavior profile.

Binance coin price Moves With Market Activity

The movement of Binance coin price continues to be closely linked with exchange activity, liquidity conditions, and broader crypto market participation. Rather than extreme sentiment-driven swings, price behavior tends to follow more structured phases, often consolidating before reacting to shifts in trading volume or market-wide momentum.

Historically, it has operated within a broad range of approximately $200 to $700, where extended accumulation periods are sometimes followed by sharp directional moves during high-activity cycles. This makes Binance coin price behavior more cycle-dependent than purely speculative, with traders observing how it responds during periods of heightened volatility or reduced exchange engagement. The result is a pattern shaped by utility-driven demand rather than purely narrative-based price action.

BlockDAG $0.05 Buyback Pressure Tightens Fast

BlockDAG is entering a decisive final launch phase shaped by its legacy sale pricing structure and $0.05 buyback mechanism, designed to align distribution with structured supply management. The entry point is positioned at $0.00000044, while the $0.05 buyback level creates a wide valuation corridor that defines the current phase. Rather than acting as a simple price gap, it reflects how supply is released, absorbed, and cycled back into the ecosystem over time.

The buyback program is positioned as a supply-strengthening mechanism. BlockDAG actively repurchases coins from exchanges and its internal dashboard as part of its strategy to reduce circulating supply and reinforce ecosystem control. This approach supports its broader objective of progressing toward becoming a Top 50 cryptocurrency globally. More than 1 billion eligible coins have already been processed through the buyback system, indicating sustained participation and continuous internal circulation flow.

In token design, buybacks reduce market supply pressure by absorbing coins from circulation and redistributing them through controlled channels, influencing liquidity during key development phases. When combined with a limited-time legacy sale, it creates a structured environment where timing and allocation become central to positioning.

The ecosystem layer adds another dimension through a live gaming environment with over 100 integrated experiences, keeping participation active rather than static. In this kind of setup, attention naturally concentrates on structured opportunities, reinforcing its positioning in discussions around the top crypto to buy now.

Summing It Up

Dogecoin price continues to reflect sentiment-led volatility, with sharp intraday moves driven by shifting retail interest, while Binance coin price remains more closely aligned with exchange activity and broader liquidity conditions that shape its cycle-based behavior.

BlockDAG, however, is currently defined by its $0.00000044 entry structure and $0.05 buyback mechanism, creating a clearly defined pricing framework during its final launch phase. The buyback design repurchases coins from exchanges and internal systems, reducing circulating supply and reinforcing structured flow within the network.

As timing tightens, BlockDAG moves deeper into its final launch phase, with positioning windows narrowing as attention builds around the top crypto to buy now.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post Dogecoin and Binance Coin Swing Hard as BlockDAG’s Limited Time Legacy Sale and $0.05 Buyback Window Tightens Fast appeared first on Blockonomi.

TLDR:

• Bitcoin climbed above $67,000 after gaining nearly 5% in 24 hours amid stronger market demand.
• CryptoQuant data showed whale selling slowed while exchange Bitcoin reserves continued falling.
• Strategy filed a new SEC Form 8-K, keeping focus on its long-term Bitcoin treasury strategy.
• Technical levels near $60,800 and $64,800 remain closely watched by active BTC traders.

Bitcoin began the new week with a massive surge upwards, after making a firm recovery from important technical levels and moving up from recent tops. 

The new development coincides with on-chain data that suggests whale selling activity is slowing down. Now, market participants are keen to see if Bitcoin can maintain its recent gains and attempt to break above the higher resistance levels. 

Bitcoin Price Gains Momentum as Whale Supply Trend Reverses

Bitcoin traded at $67,202 on Monday, according to market data from CoinMarketCap. The asset gained 4.9% over the previous 24 hours and reached the upper end of its daily range.

The move followed fresh data shared by CryptoQuant. The platform reported that large holders completed a major phase of distribution and shifted away from aggressive selling.

The $60,000 to $61,500 price range has become a major support on CryptoQuant as big whales have been making significant buys.

Whale buying activity has created the $60,000 to $61,500 price range as a great support according to CryptoQuant. The firm also observed shrinking the exchange reserves which generally indicates lower selling pressure in the near term.

The biggest trading volume for the day during the latest advance was over $34.5 billion. The rebound came on the heels of some price chopping over the past few weeks. 

BTC had been making a range-bound move earlier this week before finding some fresh steam as it neared the weak side of the charts during the first week of the new month.

According to CoinMarketCap, Bitcoin’s monthly growth was 13.8%, and its annual growth was higher than 36%. It followed a surge in crypto market buying activity. 

Bitcoin Price Faces Key Resistance Between $66K and $68.5K

Technical levels remain in focus as traders assess the strength of the latest rally. Lennaert Snyder highlighted that Bitcoin immediately broke both the previous weekly high and the previous daily high.

According to Snyder, that breakout increased the probability of Bitcoin holding the weekly support level near $60,800. He also identified the $62,000 area as a favorable risk-to-reward zone for potential long positions.

The analyst noted that internal liquidity had accumulated beneath current prices. That liquidity sits near the $62,000 region and remains an important level on lower time frames.

Another area attracting attention is $64,800. Snyder pointed to a four-hour imbalance and daily imbalance around that level, describing it as important for maintaining the current uptrend structure.

While support levels have strengthened, resistance remains close overhead. Snyder identified the $66,000 to $68,500 range as a higher-timeframe sell zone that could attract increased market activity if Bitcoin continues climbing.

Bitcoin’s latest rebound places that resistance region directly in focus. Whether buyers can absorb supply there may determine the next phase of price action.

The post Bitcoin Price Rebounds as Whale Selling Slows, $68K Resistance Comes Into Focus appeared first on Blockonomi.

Key Takeaways

• At Eurosatory 2026 in Paris, AeroVironment revealed the TOM 50 RE, an uncrewed ground vehicle weighing under 10 kilograms and designed for backpack transport
• The platform executes reconnaissance, explosive disposal, terrain mapping, and communications relay operations for ground forces
• Current AVAV share price hovers around $170.58, representing a significant decline from the 52-week peak of $417.86
• Wall Street analysts maintain a “Moderate Buy” rating with price targets averaging $318.78
• Institutional investors control 86.38% of shares, with multiple funds recently expanding or establishing positions

At the Eurosatory 2026 defense exhibition in Paris this Monday, AeroVironment (AVAV) introduced the TOM 50 RE ground robot. This compact uncrewed system comes from Telerob, the ground robotics division that AeroVironment fully owns.

Shares of AVAV started Monday’s session at $170.58, substantially beneath the 52-week peak of $417.86. The equity’s 200-day moving average rests at $234.65, while the 50-day average stands at $184.20.

AeroVironment, Inc., AVAV

Weighing in at under 10 kilograms—approximately 22 pounds—the TOM 50 RE packs into a conventional backpack. One operator can transport and deploy the unit while carrying payloads reaching five kilograms.

The tracked configuration enables the vehicle to navigate stairs, traverse irregular surfaces, and function within structures. Engineers designed it specifically for confined environments where human entry presents elevated risk.

The system addresses four primary operational requirements: reconnaissance with environmental mapping, explosive ordnance disposal tasks, communications relay functionality, and support coordination for larger robotic platforms.

SLAM Technology Provides Tactical Edge

The integrated SLAM technology—simultaneous localization and mapping—represents a critical differentiator. This capability allows the robot to generate digital maps of multi-level structures and subterranean spaces independent of GPS.

This proves particularly valuable in urban warfare scenarios where GPS transmissions face disruption or intentional interference. The unit can mark locations of tactical significance during missions for subsequent review.

Four wide-angle cameras equipped with infrared sensors deliver operators complete 360-degree visibility across daylight and darkness conditions. Additionally, the platform functions as a portable communications repeater, maintaining connectivity for personnel in signal-degraded environments.

Operators control the system through AeroVironment’s AV_Halo software platform via Tomahawk Grip controllers, or alternatively through Telerob’s proprietary Robo Command Control System. The modular payload architecture enables rapid reconfiguration based on mission parameters.

Wall Street Maintains Reserved Outlook on AVAV Shares

The product announcement hasn’t reversed the recent analyst caution surrounding AVAV. Citizens JMP reduced its price objective from $400 down to $350, UBS lowered expectations from $259 to $236, and Robert W. Baird adjusted from $260 to $235.

Raymond James elevated AVAV from underperform to market perform status in March, while Clear Street upgraded the stock to strong-buy in April. Across 24 analysts currently covering the company, the consensus rating remains “Moderate Buy” with an average price objective of $318.78.

Institutional investors maintain substantial exposure at 86.38% ownership. ARK Investment Management expanded its AVAV holdings by 28.9% during Q3, accumulating 400,457 shares valued at approximately $126 million.

MYDA Advisors LLC established a fresh position in Q4, acquiring 15,000 shares valued at roughly $3.63 million. GW&K Investment Management similarly initiated a new position worth about $17.9 million during Q3.

Regarding insider activity, Director Stephen F. Page divested 250 shares on May 15th at $162.31 per share, totaling $40,577. This transaction occurred under a pre-established 10b5-1 trading plan. Following the sale, Page maintains ownership of 49,251 shares.

The company currently commands a market capitalization of $8.52 billion and exhibits a beta coefficient of 1.35, alongside a debt-to-equity ratio of 0.17.

The post AeroVironment (AVAV) Stock: Should Investors Consider Entry After TOM 50 RE Robot Debut? appeared first on Blockonomi.

Aztec Connect’s deprecated smart contract was exploited for $2.1 million on June 15, 2026, draining user funds from an abandoned protocol that had not been audited or maintained. The attack exposes what happens when tokenomics lack locked allocations, active security reviews, and transparent fund management, leaving holders exposed to single-point-of-failure contracts. Bitcoin holds at $65,772 with a 2.39% daily gain, providing macro stability, but the exploit news is a reminder that not all crypto projects carry the same structural safeguards.

Best Crypto Presale 2026: $GRUNTLE Crosses $106,165 With CredShields Audit Cleared

The Gruntle ($GRUNTLE) presale has raised $106,165 toward its $125,215 Round 10 target, reaching 84.79% filled at a current entry price of $0.000635. The project’s smart contract passed a comprehensive CredShields audit on May 13, 2026, establishing a credibility anchor that contrasts sharply with the Aztec Connect exploit. Where Aztec’s deprecated contract had no active audit and no locked reserve, Gruntle’s allocation structure is built to survive market stress, with locked buckets for buybacks, liquidity, and treasury management. Investors searching for the best crypto presale 2026 are prioritizing audited contracts and transparent fund allocation after watching $2.1 million drain from an unmonitored protocol.

What Failed Tokenomics Looks Like in Practice

The Aztec Connect exploit demonstrates three specific failures: abandoned smart contracts without ongoing audits, no locked reserve mechanism to absorb shocks, and user funds held in a single point of failure. Once the protocol was deprecated, no team was monitoring the contract, and attackers found a vulnerability that had gone unchecked for months. Cointelegraph’s coverage of the Aztec Connect exploit notes that the $2.1 million drain could have been prevented with active security reviews. The lesson for presale buyers is that tokenomics without locked allocations and audit coverage leave capital exposed.

The Deep Mud Reserve Locks 20% for Buyback and Burn

Gruntle’s tokenomics answer each failure with a locked allocation structure. The Deep Mud Reserve holds 20% of total supply, 1,000,000,000 $GRUNTLE tokens, reserved for tactical buybacks and permanent burns. When the market dips, the reserve purchases tokens from the open market and burns them, shrinking supply and stabilizing price. This is a real deflationary mechanism written into the allocation, not a whitepaper promise. For buyers evaluating the best crypto presale 2026, a locked buyback reserve provides a structural floor that abandoned contracts cannot offer.

Hibernation Staking Pool Holds 250M Tokens With 5,995% Live APY

The Hibernation Staking pool contains 250,000,000 $GRUNTLE tokens, 5% of total supply, dedicated to staking rewards. The APY is variable and computed live as (250,000,000 / total_staked) × 100. Currently, the pool pays approximately 5,995% APY with 4,169,884 tokens staked, but the yield drops as more participants enter. Early stakers capture a larger share of the pool while the total_staked figure is low. Ethereum staking via Lido pays roughly 3.5% APY, and Solana delegators earn about 6.5%, making Gruntle’s Hibernation Staking yield significantly higher at current pool depth. Investors can view the live APY and staking metrics at Gruntle’s Hibernation Staking dashboard.

Multi-Sig Vault and Locked Liquidity Define the Gruntle Allocation

Beyond the Deep Mud Reserve and Hibernation Staking, Gruntle’s tokenomics include the Doomsday Vault, a 25% allocation locked in a multi-sig wallet for future CEX listings and ecosystem development. The Mud Pit holds 10% of supply, 500,000,000 tokens, paired with presale funds to provide decentralized liquidity on DEXs after the Phase 3 listing. These locked buckets prevent rug-pull scenarios and ensure that funds are available for market-making, buybacks, and development. The CredShields audit confirms that the contract logic matches the published tokenomics, providing third-party verification that the allocation structure is enforced on-chain.

A $1,000 entry at the current presale price of $0.000635 acquires approximately 1,574,800 $GRUNTLE tokens. At a conservative 10x from the presale entry, that position could be worth around $10,000. The math is asymmetric, a small allocation buys a large token count while the price remains at presale entry rather than post-listing market price. This is why many investors consider Gruntle the best crypto presale 2026 for asymmetric upside.

Competing Presales in the Current Cycle

Several presales are active in the current cycle. Bitcoin Hyper has raised $32.8 million from 113,358 participants at a current price of $0.0136816, while Pepeto has collected $10.3 million from 36,289 wallets. Both projects operate in different niches, Bitcoin Hyper targeting Bitcoin scaling and Pepeto focusing on meme-coin utility. Gruntle’s $106,165 raise and 5,995% live APY position it as a smaller-cap alternative with higher staking yields and a locked buyback mechanism.

Round 10 Nears Close at 84.79% Filled

Round 10 of the $GRUNTLE presale is 84.79% filled at $106,165 raised toward the $125,215 round target, with a current price of $0.000635 and a next-round price of $0.000637. The round closes June 19, 2026, or when the cap fills, whichever comes first, and there is no presale price after that point. CoinDesk’s report on Bitcoin’s two-week high above $65,500 shows macro conditions stabilizing, but the Aztec Connect exploit reminds buyers to prioritize audited contracts and locked allocations.

Check Out the Gruntle Website to Join the Presale

Hibernation Staking is currently paying approximately 5,995% APY, variable, computed as each staker’s share of the 250M-token rewards pool, and decaying as more participants enter. Buyers stake immediately and compound while waiting for the Phase 3 DEX listing. Visit the $GRUNTLE presale to lock in the current price before the pool fills further.

Phase 2 is filling. When the cap closes, Phase 3 triggers the DEX listing, CoinMarketCap tracking, and CoinGecko listing. Secure your $GRUNTLE allocation before Phase 3 begins.

FAQ

What is the best crypto presale 2026 for early-stage returns?

The best crypto presale 2026 combines an audited smart contract, locked allocation buckets, and a transparent fund management structure. $GRUNTLE passes a CredShields audit dated May 13, 2026, locks 20% in the Deep Mud Reserve for buybacks, and offers Hibernation Staking at approximately 5,995% APY with $106,165 raised. Entry is at gruntle.io with the current round price of $0.000635.

What should investors look for in the best crypto presale 2026?

Investors should look for audit verification, locked liquidity, and a clear use of funds. The best crypto presale 2026 candidates publish audit reports, lock liquidity in multi-sig wallets, and earmark allocations for buybacks or ecosystem development. Gruntle’s CredShields audit, Doomsday Vault multi-sig, and Mud Pit liquidity pool meet those criteria.

How does Gruntle’s Hibernation Staking APY compare to other meme coin presales?

Gruntle’s Hibernation Staking pays a variable APY computed from a 250M-token rewards pool, currently approximately 5,995% with 4.17 million tokens staked. Most meme coin presales offer no native staking, relying instead on price appreciation alone. The APY drops as more stake, so early participants capture higher yields.

This article is for informational purposes only and does not constitute financial advice. $GRUNTLE is a meme coin. Cryptocurrency investments carry significant risk. Always conduct your own research before investing.

The post Best Crypto Presale 2026: $GRUNTLE Locks 20% in Deep Mud Reserve as Aztec Connect Exploit Drains $2.1M appeared first on Blockonomi.

Moonrock Capital founder Simon Dedic has said that if the United States and Iran actually sign a peace deal on June 19 as has been reported, it could mark the start of a major rally across risk assets, considering how they behaved when past conflicts ended.

His argument is that, as the most volatile major asset class, crypto would be the first to benefit once the macro pressure from the situation in the Middle East eases.

The Case for a Crypto Rally

In a post on X published on June 15, Dedic started off with a disclaimer, saying that trying to predict anything based on what US President Donald Trump says or does was “a fool’s game.”

He compared the head of state’s unpredictability to that of his Official Trump meme coin (up over 20% in the past week), but he argued that if indeed the Iran deal gets signed as planned this coming Friday, the setup looks a lot like previous moments when conflict-related uncertainty cleared out of markets all at once.

For example, when the Korean War ended, the S&P 500 gained 44% in the following year, according to Dedic. It was the same after the Iraq war, with the S&P 500 rising 25% in the year after the guns went quiet. The analyst also pointed out that in 19 out of 20 conflicts that came after the Second World War, markets took an average of just 28 days to fully recover the minute hostilities stopped completely.

Per his assessment, the Iran war has been the biggest reason why risk appetite has been so low lately. He noted that Bitcoin (BTC) was sitting near $65,000, down almost 48% from its all-time high, with many altcoins faring even worse. But if that overhang gets removed, Dedic expects crypto to reprice quickly, considering how closely it follows changes in risk sentiment.

“Everyone who’s been looking like an idiot for the last few months will soon look like a genius,” he wrote.

Trump confirmed the “Great Deal” in a post on Truth Social, with market commentary account The Kobeissi Letter saying that the proposed agreement would extend the current ceasefire, reopen the Strait of Hormuz, and kick off negotiations around Iran’s nuclear program. It will also reportedly lead to discussions regarding the lifting of sanctions against the Islamic Republic as well as unfreezing its funds, including about $1 billion in crypto seized under Operation Economic Fury.

Markets Are Already Rebounding

Indeed, there was a reaction in the market soon after Trump’s post, with S&P 500 futures going up 0.8% and their Nasdaq counterparts gaining 1.3%, while BTC moved to its highest level in almost two weeks.

Ethereum (ETH) also climbed back above $1,800 after languishing below that level since June 5, only briefly coming up for air on June 9 when it hit $1,700, per CoinGecko data, before promptly diving back under.

Others like XRP, Solana, and Cardano also posted notable results following news of the peace deal, but among the majors, Hyperliquid had the best uptick, with its price just above $68 at the time of writing representing a 10% increase in one day.

The post Analyst Predicts ‘Massive Bull Rally’ if US-Iran Peace Deal Is Signed appeared first on CryptoPotato.

The team behind Pi Network has remained consistent in its efforts to expand the ecosystem and strengthen the community through new initiatives and upgrades.

PI’s price has finally staged a decisive rebound, mirroring the bullish conditions of the broader crypto market following the peace deal between the USA and Iran.

What Happened Lately?

The Core Team has been quite active lately, completing major milestones on several fronts. At the start of the month, they disclosed the successful transition to protocol v24, an upgrade primarily focused on improving the underlying infrastructure supporting node operations and mainnet activity.

Most recently, Pi Network updated the participation and flow model for the Pi Launchpad, allowing Pioneers to test a second token called “SLICE” for two weeks. The platform is designed to help new projects grow and reach the community. It uses insights gathered from the first testnet token that began testing on PiDay 2026 (March 14).

The team revealed that more than 478,000 Pioneers participated in the initial Launchpad testing and “generated valuable feedback on the Launchpad mechanism.” It also detailed the steps for those who wish to join. They must open Pi Launchpad in Pi Browser, review the SLICE test token and project, choose a commitment amount in Test-Pi, confirm participation, and finally engage with the Slice of Pi app and provide feedback.

In addition to these efforts, Pi Network also made progress in the gaming sector. As CryptoPotato reported, CiDi Games (an entity part of the ecosystem) released four new games for Pioneers. Those include Coin Whack, Fruit Stack, Gemnova, and RainbowCubes. Earlier today (June 15), one X user revealed that CiDi Games had reached a milestone of over 6 million PI staked in its ecosystem and hinted at an announcement of a new game next week.

Waiting for These

Pi Network’s next big update appears to be the transition to protocol v25. The team initially set June 18 as the completion deadline but later clarified that it might need more time, indicating a likely delay.

Another highly anticipated event in the Pi Network community is Pi2Day, celebrated on June 28 (6/28) because it represents the mathematical constant 2π.

Speculation is mounting that the team may announce a major ecosystem update, launch new features, or even a listing on Binance. However, nothing is confirmed, and we’ll have to see whether the day will bring anything meaningful at all.

PI Price Outlook

Earlier this month, PI’s price crashed below $0.12, marking the lowest level in its history. Over the past few days, though, it has followed the broader crypto market’s resurgence and now trades at around $0.14, representing a 4% weekly increase.

The bulls are now hoping for a further rally, which will largely depend on whether Bitcoin (BTC) and the leading altcoins can sustain their positive momentum. Meanwhile, the reduced token unlocks and some other important factors also suggest that PI’s valuation may post additional gains in the near future.

The post Pi Network News and PI Price Update Today: June 15 appeared first on CryptoPotato.

[PRESS RELEASE – Road Town, British Virgin Islands, June 15th, 2026]

Wallet V, a self-custody Web3 wallet, launched a public performance benchmark for the AI trading agents that its users have configured on the third-party decentralized derivatives platforms Hyperliquid and Aster. The benchmark publishes aggregate cohort performance and is hosted on the Wallet V website.

The benchmark covers 688 agents created by Wallet V users over the prior two months. Each agent was configured by the user, used a large language model selected by the user to generate trading decisions, and executed on Hyperliquid or Aster. Wallet V aggregates the on-platform performance of those agents by underlying model. Performance is refreshed as new agents are deployed.

The cohort spans seven large language model families. Across the cohort, 42 percent of agents recorded a profit and loss balance of zero or higher over the period. Peak agent-level return on investment in the dataset ranged from negative 30 percent on the lowest-performing model to positive 307 percent on the highest. Models represented by fewer than 10 agents in the cohort are reported as directional rather than statistically conclusive.

Agents in the cohort executed strategies as perpetual futures across four asset classes available on Hyperliquid and Aster. These include major digital assets such as BTC, ETH, and SOL; equities, including pre-initial public offering equity exposure; commodities including gold, silver, and oil benchmarks; and major foreign exchange pairs. All instruments are accessed through third-party venues.

“At Wallet V, the focus has been on building infrastructure for the next phase of crypto. This benchmark is what that next phase looks like up close. Users now decide which AI model to configure their agent in the same way institutions evaluate managers, by reviewing observable performance over time,” said Adam Cai, Founder & CEO of Virgo Group.

Wallet V plans to extend the benchmark in subsequent releases. Future releases include the addition of newer model families, support for prediction markets, advanced analytics features for copilot trading and personalized AI prompt generation tailored to each user’s trading style.

The Wallet V applications for iOS and Android are available at dl.walletv.io.

About Wallet V

Wallet V is a Web3 self-custody wallet that gives users access to third-party AI models to configure AI agents and execute user-defined trading strategies. The application connects to third-party platforms supporting cross-chain swaps, perpetual futures, prediction markets, and onchain exposure to tokenized equities.

Wallet V is an incubation project by Virgo Group, a digital asset service provider led by CEO Adam Cai. Virgo Group is backed by investors including Draper Dragon, OKX Ventures, Vaulta Foundation, Cobo Ventures, Waterdrip Capital, and Sora Ventures.

Disclaimer

Trading crypto, perpetual contracts, tokenized assets, and prediction markets involves significant risk of loss and is offered by third-party platforms. Wallet V is a software provider that connects to external platforms and does not offer trading services or AI automation tools directly or indirectly. Wallet V does not provide investment, tax, or legal advice. Access to certain products may be restricted in some jurisdictions.

The post Wallet V Launches Public Performance Benchmark for AI Trading Agents on Hyperliquid and Aster appeared first on CryptoPotato.

Bitcoin has staged a notable recovery over the past few days after a sharp correction drove the asset toward a major demand zone around $60K.

The rebound appears to have been fueled in part by improving macro sentiment following the preliminary peace agreement between the U.S. and Iran, which significantly reduced geopolitical uncertainty and boosted risk appetite across global markets.

The easing of tensions triggered a broad rally in risk assets while supporting Bitcoin’s recovery from recent lows.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, BTC remains within a broader corrective structure despite the recent bounce from the $60K psychological support zone.

This area once again attracted substantial demand, producing a strong reaction and allowing buyers to regain some control in recent sessions. However, Bitcoin is now approaching its first significant resistance cluster around $65K-$67K, which previously acted as support before turning into supply following the breakdown.

The current rebound appears constructive, but the broader structure remains bearish in the short term. BTC continues to trade below the broken channel and beneath the major resistance region around $72K-$74K. As a result, the ongoing move could still be interpreted as a relief rally unless buyers manage to reclaim higher supply levels.

Should Bitcoin face rejection from the current $65K-$67K supply zone, another corrective move toward the $62K support area remains a realistic scenario. Conversely, a successful breakout above this region would expose the next resistance zone around $72K-$74K.

BTC/USDT 4-Hour Chart

The 4-hour chart reveals that Bitcoin has recovered steadily from the recent bottom near $60K, forming a rising wedge/flag pattern while climbing from the lower boundary of the demand zone.

The latest surge has pushed the asset directly into the first supply zone between roughly $65.5K and $68K. This area represents the most important short-term obstacle for bulls, as it coincides with a previous consolidation range that eventually triggered the sharp breakdown.

Although momentum has improved considerably following the geopolitical developments, the market is now testing a region where sellers may attempt to regain control. A rejection from the current supply zone could lead to a pullback toward the wedge support and potentially the $62K-$63K area.

If buyers manage to absorb the supply and establish acceptance above $68K, the probability of a deeper recovery toward the higher resistance cluster near $72K-$74K would increase significantly. Until then, the price remains vulnerable to short-term retracements after the recent impulsive move.

Onchain Analysis

The UTXO Age Bands Realized Price chart provides an interesting view of investor positioning during the recent correction.

Bitcoin is currently trading below the realized price of the 1M-3M holder cohort, which is positioned around $75K, while remaining above the realized price of the 18M-2Y cohort near $74K. These levels often act as important psychological zones because they represent the average acquisition cost of different groups of market participants.

The recent decline below the short-term holders’ cost basis suggests that many newer investors are currently holding unrealized losses, a condition that typically weighs on market sentiment during corrections.

The continued upward trend in both realized price cohorts also suggests that capital entered the market aggressively throughout the previous advance. While this does not eliminate the possibility of additional downside volatility, it supports the view that the current phase resembles a correction within a larger cycle rather than a complete trend reversal.

For now, on-chain data remains constructive, but from a technical perspective, Bitcoin is approaching a critical resistance area where the recent relief rally may face its first meaningful challenge. A temporary pullback from the $65K-$68K region would therefore not be surprising before the market attempts a larger recovery.

The post Bitcoin Price Analysis: Can BTC Extend Its Rally After Reclaiming $66K? appeared first on CryptoPotato.

The Tom Lee-chaired former bitcoin miner turned Ethereum treasury company continues to increase its ETH holdings by purchasing over $135 million worth of the asset.

Its total holdings have skyrocketed to 5,620,754 ETH, currently valued at around $10 billion, given the asset’s price today. This means that the company, whose average entry price is around $3,450, still sits on a massive unrealized loss of well over $9 billion.

ETH Holdings Keep Rising

The press release shared from the company earlier today indicated that its total stash has grown to $10.4 billion, albeit crypto prices were slightly lower at the time. Aside from the massive ETH fortune, Bitmine owns 204 BTC, $502 million in cash and marketable securities, as well as equity stakes in Beast Industries and Eightco Holdings valued at a combined $268 million.

Tom Lee described the $135 million purchase as an “elevated pace” of buying the asset despite its most recent market pullback that sent it to $1,500 at the start of the month. The company is now 93% of the way toward owning 5% of Ethereum’s total supply.

Nevertheless, Bitmine continues to be a major ETH supporter, noting that it doesn’t believe the current market downturn rightfully reflects its position in the market.

“The Series A Preferred Stock offering is good balance sheet diversification for Bitmine. The Company’s current projected annualized staking rewards of approximately $219 million provide recurring cash flow to support the dividends related to the Series A Preferred shares,” stated Lee.

Bitmine’s Staking Venture

He added that Bitmine has become a major participant in Ethereum staking, as 4.72 million ETH tokens, or more than 83% of its total holdings, have been staked through its validator operations.

Using current staking yields, the company projects annualized staking revenue of approximately $226 million. The firm estimated that if it deploys all of its ETH through staking, its annual rewards could rise to about $270 million.

Bitmine remains the second-largest cryptocurrency holder with its $10 billion worth of ETH and 204 BTC. It trails only Strategy, which, despite a minor sale completed by the end of May, has continued its substantial accumulation with another $100 million BTC purchase announced earlier today. It now owns approximately $56 billion worth of bitcoin.

The post Bitmine Adds $135M in ETH, Closing In on 5% of Ethereum Supply appeared first on CryptoPotato.