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According to CoinDesk, Wall Street broker Bernstein pointed out in a recent report that the rapid integration of the market technology stack is increasing the likelihood of a new round of mergers and acquisitions in the field of sports event contracts and financial markets.The report states that in the past eight months, major prediction platforms have been developing towards simultaneously controlling customer distribution and exchange infrastructure. Although Kalshi and Polymarket have core technology stacks, their distribution capabilities are relatively lagging, making them potential acquisition targets.Recent actions include DraftKings acquiring Railbird to launch DKeX, Robinhood collaborating with Susquehanna to create Rothera, and Coinbase acquiring The Clearing Company. Bernstein believes that Robinhood and Coinbase are currently in a relatively advantageous position in the competitive landscape, as both have large consumer user bases and fully owned regulated infrastructures, while Kalshi and Polymarket are viewed as potential acquisition targets due to their lack of large-scale distribution capabilities.

According to Jinshi reports, Federal Reserve official Kashkari stated that in the short term, the development of artificial intelligence is clearly a factor driving inflation.

According to Bloomberg, SK Hynix is expected to issue American Depositary Receipts on Nasdaq on July 10. This listing plan aims to raise nearly $30 billion and is expected to become one of the largest ADR issuances in history. The market generally believes that this move will significantly expand its global investor base and may drive a revaluation.Several asset management companies expect that if its valuation aligns with Micron, there is a 30% upside potential for the stock price in the coming year. A fund manager pointed out that SK Hynix should at least trade at a valuation level comparable to Micron, as demand for memory chips may continue to exceed supply in the coming years. This listing occurs during a rare boom period in the memory chip industry. The stock prices of Micron, SK Hynix, and Samsung Electronics have all risen over 200% this year, marking the best annual performance in decades. The demand for HBM from AI servers is widely seen as a driving force behind a structural "memory supercycle."

NextGen Venture founder Jason Huang posted on platform X that Strategy (MSTR) issued new shares through an ATM last week, which did not actually increase the per-share Bitcoin holdings but instead diluted its mNAV multiple. He pointed out that the number of Bitcoins corresponding to each share is decreasing, and the official mNAV metric has dropped to 1.1 times, based on the most recent disclosure before last week's decline. Huang warned that once MSTR's performance relative to Bitcoin lags by another 10% (negative Alpha), each issuance through the ATM will further dilute the per-share Bitcoin holdings, and at that point, the death spiral will truly begin; the recent decline is merely an appetizer.

BNB Financial Company CEA Industries announced a cooperation agreement with YZi Labs, and both parties will jointly promote the adjustment of the BNC governance structure. According to the agreement, Ella Zhang, Alex Odagiu, and Matthew Roszak have been appointed as company directors, and both parties will jointly select an independent director with experience in digital assets, capital markets, and governance of listed companies.At the same time, the board of directors will establish a CEO selection committee, with YZi Labs partner Alex Odagiu serving as interim president until a new CEO is appointed. As part of the agreement, YZi Labs will terminate the previous consent solicitation and withdraw related requests. CEA Industries stated that this move will help strengthen corporate governance and enhance its ability to execute long-term strategies around the BNB ecosystem.

Bitget announced the launch of the VIP Miracle Medal Program, which is aimed at traders active in the cryptocurrency, US stock, and CFD markets. The program establishes four types of achievement medals: UEX Trading Master, Contract Trading Master, CFD Trading Master, and Stock Trading Master, aiming to further expand the exclusive services and rights for VIP users through an honor system.Building on previous initiatives such as the VIP Fast Track and VIP Airdrop Season, Bitget's new medal system aims to enhance the user rights ecosystem. Relying on the UEX strategy, the platform continues to expand its range of asset products and meets the differentiated needs of different regions and trading groups through a tiered rights mechanism.

David Hoffman, the founder of Bankless who previously liquidated all ETH, posted on X about the newly established Ethlabs, stating: "The Ethereum Foundation (EF) has deliberately left a power vacuum for new organizational structures to emerge and influence the direction of Ethereum's development. I believe the direction led by Ethlabs represents the brightest future for Ethereum. I am pleased and will continue to support them on their path forward."Previously, David Hoffman publicly stated in late May that he had liquidated all ETH. Last night, several former Ethereum Foundation researchers announced the establishment of the nonprofit organization Ethlabs, aimed at promoting Ethereum's next phase of growth, with support from Bitmine, SharpLink, and Joe Lubin among others.

The cross-chain protocol Axelar Network released a statement regarding the recent security incident related to Secret Network, stating that there is a misunderstanding within the community about the event. Both Axelar and the Inter-Blockchain Communication Protocol (IBC) were not attacked or compromised. The affected token smart contracts were neither developed, deployed, nor maintained by Axelar, and Axelar's firewall mechanism also prevented the impact from spreading to other chains.It is reported that the exploited contract is a forked version based on CW20-ICS20, but the developers removed two core security checks, resulting in an "infinite minting" vulnerability. By deleting the verification mechanisms originally used to prevent such issues, this fork altered the original trust model of the contract and did not undergo a new security audit.Axelar Network explained that anyone can deploy contracts for cross-chain asset wrapping through IBC, and similar contracts have also been used to wrap tokens from other chains into Secret Network. However, the Secret side fork version in this incident has vulnerabilities due to the removal of key security checks. This incident is not a unique logical flaw, nor is it an issue with the IBC protocol itself, but rather a security risk introduced by modifications to third-party contracts.

The Federal Reserve has released a hawkish signal, putting pressure on gold prices to decline. According to CoinGlass data, gold (XAUT) is currently priced at $4280.41, down 0.62% in the last 24 hours. Meanwhile, the total 24-hour trading volume of XAUT across the network reached $293 million, with the Gate platform performing particularly well, recording a 24-hour trading volume of $26.6557 million for its XAUT/USDT trading pair, and a 7-day trading volume exceeding $131 million, both ranking in the top two globally. In addition, the total 24-hour trading volume of XAUT contracts across the network reached $1.138 billion, with the Gate platform's position size around $11.9 million, ranking third among global exchanges.

Market data platform Deribit shows that as Bitcoin continues to decline in June, the options market set to expire this month has experienced a significant imbalance, with approximately $8.6 billion nominal value of BTC options in an out-of-the-money (OTM) state, facing the risk of expiring worthless.Data indicates that among the approximately $10.6 billion in open options contracts expiring on June 26, only about 20% are in-the-money (ITM), while the remaining 80% are currently at a loss. Analysts point out that this structural imbalance may trigger concentrated hedging adjustments by market makers and traders before expiration, thereby amplifying short-term market volatility.The current maximum pain price is approximately $74,000, which is about 14% higher than Bitcoin's current price of around $65,000. Theoretically, this price level means that the maximum number of options contracts will expire worthless, potentially creating an upward pull on prices as expiration approaches, although the effectiveness of this mechanism in the crypto market remains controversial.Additionally, the bullish and bearish structures in the options market are relatively close, with a Put/Call ratio of about 0.87, indicating increased divergence in market sentiment. Approximately $450 million in positions are concentrated in $60,000 put options, while $80,000 call options also form a key resistance level of about $406 million.Analysts believe that as the quarterly expiration approaches, concentrated exercising and hedging adjustments may become important driving factors for short-term price volatility, and Bitcoin may face a more intense directional choice window.

Bitcoin has fallen below $65,000, approaching a key short-term support level ahead of the Federal Reserve's interest rate decision announcement. The Federal Reserve will announce its interest rate decision at 2 AM Beijing time on June 18, which is the main catalyst for volatility this week. This FOMC meeting is also the first meeting since Kevin Warsh took office as the new Federal Reserve Chairman, so the post-meeting press conference and interest rate results are equally under scrutiny.Trader Killa stated that the FOMC may set the tone for market trends for the remainder of June. He pointed out that BTC is currently forming a bullish narrative around this event, but the outcome is usually priced in by the market before the press conference. Killa noted that if recent history is any guide, FOMC days typically bring more bearish reactions than bullish ones. Killa warned that BTC needs to maintain a bullish market structure from its current position of around $64,000; otherwise, after this turning point, it is highly likely to retest the $60,000 low.Another trader, Niels, mentioned that the FOMC meeting coincides with the nearing conclusion of the US-Iran peace agreement, and BTC may show some strength in the short term, but it could ultimately fall towards $55,000. However, analyst Cryptic Trades offered a more optimistic view, believing that BTC may continue to rebound after the FOMC. He stated that BTC has encountered resistance near a daily bullish support zone formed by two key moving averages, but after this round of correction, the next significant rise is imminent.

CryptoQuant analyst Woominkyu stated that the BTC whale sell-off has ended, with total whale holdings turning from a decline to an increase after 12 consecutive days of decrease, and the price rebounding to $65,704.89.From June 5 to 10, during the low point of $61,400, the exchange whale ratio once rose to 62.3%, while over 11,400 BTC flowed from exchanges to cold wallets. He believes that the transfer of chips during this round of decline has basically been completed.

According to the Wall Street Journal, the U.S. government's export controls and access restrictions on Anthropic's models Fable 5 / Mythos 5 partly stem from Amazon's cybersecurity research and AWS CEO Andy Jassy's communications with the White House.It is reported that the research submitted by Amazon indicated that through a series of prompt tests, researchers were able to induce Fable 5 to output sensitive information that could potentially be used for cyberattacks, raising security concerns. Subsequently, Andy Jassy reported the relevant findings to the U.S. government, prompting the White House to take further restrictive measures, including banning foreign users from accessing the model.At the same time, former U.S. Department of Commerce official Kate Koren revealed that the White House's existing policy stance on Anthropic may also have influenced this decision-making judgment, as there are differences between Anthropic and the White House on AI safety boundary issues, including the refusal to use the model for large-scale surveillance or lethal autonomous weapon systems. Although both sides had eased tensions and expanded cooperation earlier this year, this incident may once again exacerbate the strained relationship.

Despite Elon Musk selling a portion of his shares through the IPO, he has not relinquished control over SpaceX. According to the company's prospectus, after the completion of the IPO, Musk will still hold 82.4% of the combined voting power of SpaceX, maintaining absolute dominance over significant company matters.SpaceX employs a dual-class share structure, where Class B shares have 10 votes per share, while Class A shares have only 1 vote per share. After the IPO, Musk will still hold the vast majority of Class B high-vote shares, thereby maintaining overwhelming control in board elections, merger transactions, and other major corporate decisions. Unlike many tech companies that see control gradually dispersed after going public, SpaceX will remain a publicly traded company that is highly controlled by Musk.

Crypto analyst Ali Charts posted that Bitcoin is about to break through. Currently, attention is focused on the symmetrical triangle structure forming for BTC, with resistance at $63,000 and support at $61,000. This range will determine the direction of the next move. If BTC effectively closes outside this range on the hourly chart, a price expansion of about 10% may be triggered as momentum is released. It is essential to closely monitor the volume changes near the boundaries of this range to capture early signals of a sustained breakout.

The Korea Exchange triggered a circuit breaker due to the KOSPI index falling 8%, halting trading for 20 minutes.

According to CoinDesk, an address from the "Satoshi era" that has never been used since March 2011, holding 35.55 bitcoins (approximately $2.54 million), made a transfer this week, which is seen as one of the first publicly visible responses from defendants in a lawsuit involving approximately 3.8 million bitcoins (valued at about $285 billion) in New York.On-chain data shows that the address transferred 15 BTC to a new address on June 2, keeping the remaining 20.55 BTC as change. The address initially received bitcoins on March 27, 2011, when the price of BTC was less than $1.In March of this year, a plaintiff using the pseudonym "Noah Doe" filed a lawsuit in New York state court alongside two LLCs from Wyoming, attempting to claim ownership of approximately 3.8 million long-dormant bitcoin wallets under New York's lost property law, positioning themselves as the "discoverer." The court approved sending on-chain notifications to the relevant wallets via the bitcoin OP_RETURN field.In July 2025, the advisory firm Salomon Brothers Strategic Advisors sent dust transactions with links to legal notices to 39,000 wallets, including the aforementioned address, requesting holders to prove ownership within 90 days.Alex Thorn, head of research at Galaxy Research, pointed out that the address corresponds to defendant number 38215 in the case, stating, "Clearly, these bitcoins have not actually been abandoned."Additionally, another address that had been dormant for 15 years, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, also transferred 20 BTC (approximately $1.48 million) on the same day, but this address did not appear on Noah Doe's list of lawsuits.Analysis suggests that the on-chain movements mentioned above indicate that some bitcoins from the Satoshi era, considered "abandoned assets," are actually still under the control of the original holders.

The cryptocurrency market experienced a new round of selling and liquidation on Thursday, with Bitcoin briefly dropping to $61,300 before rebounding to $64,680, currently reporting around $62,500. Over the past two days, the total market leverage liquidation scale was about $3 billion. Data shows that in the past 24 hours, futures trading volume rose to $305 billion, but open interest fell by 8.5% to $111.4 billion, indicating that the market is primarily deleveraging rather than adding new positions.Bitcoin's open interest fell from yesterday's historical high of over 800,000 BTC to 766,000 BTC. Investors seem to be leaving the cryptocurrency market and turning towards AI narratives in traditional markets. The derivatives market has clearly shifted to a bearish stance. The skew of BTC and ETH put options has strengthened, showing that investors are willing to pay higher premiums for downside protection. The nominal open interest of BTC put options with a strike price of $60,000 on Deribit exceeds $1 billion, while the most actively traded options contracts in the past 24 hours were the $55,000 put options.Altcoins have seen deeper declines, with NEAR, ZEC, JUP, DASH, ENA, and FET all dropping over 10%, and HYPE falling 12% after reaching a new high this week. The subsequent performance of altcoins largely depends on whether Bitcoin can hold above $60,000; if it falls below this level, it may trigger more liquidations and put greater pressure on trading pairs with weaker liquidity.

Glassnode data shows that as Bitcoin briefly fell to $61,300, the number of BTC in an unrealized loss state rose to approximately 10.5 million, surpassing the 9.8 million in a profit state for the first time, accounting for over half of the total circulating supply. This is the first occurrence in this cycle where the number of loss chips exceeds the number of profit chips. Historical data indicates that this metric has only appeared during deep bear market phases and has often corresponded with significant market bottoms. Similar situations occurred during the bear markets of 2015, 2019, 2020, and 2022, although the duration varied from one month to a year.Meanwhile, the Bitcoin price touched approximately $61,300, which is the 200-week moving average, a level that has consistently formed key long-term support during past bear markets. Analysts believe that if BTC falls below the $60,000 threshold, the next important support level will be around the realized price of approximately $54,000, and Bitcoin has historically fallen below the realized price during major bear markets.