Jun 16 Tuesday
Syscoin disclosed a UTXO-to-NEVM bridge vulnerability that led to the unauthorized release of approximately 5 billion SYS tokens on the UTXO side. The funds were returned to an official recovery address and burned via OP_RETURN, restoring the reported SYS supply to expected levels; the bridge remains paused pending final review and fix.
On June 16 at 16:17, 58.6088 million USDT was transferred from Binance to an unknown wallet, as monitored by Coinglass data.
Data from Coinglass shows Bitcoin's 8-hour average funding rate is -0.0015%. Among major exchanges, Binance has -0.0011%, OKX -0.0059%, Bybit -0.0047%, and Gate -0.0006%.
On-chain analyst EmberCN reported that 572,900 HYPE tokens, valued at approximately $40 million, were withdrawn from Coinbase Prime. The tokens were subsequently transferred to Hyperliquid for staking.
CryptoQuant analyst Axel Adler Jr. notes that Bitcoin's adjusted Spent Output Profit Ratio (SOPR) entered the red zone at $60K, historically coinciding with bottom formations. The CVDD model indicates a structural bottom near $48.3K, a level never closed below in Bitcoin's history.
Data from Coinglass shows Hyperliquid whale positions total $4.781 billion, with long positions at $2.376 billion (49.7%) and short positions at $2.405 billion (50.3%). A whale address 0x0ddf..02 opened a 3x full margin short on ETH at $1,810.16, with unrealized profit of $2.2718 million.
An unknown whale address opened a massive ETH long position on the Aster platform, holding 14,694.037 ETH/USDT long contracts. The position has a notional value of $26,035,061.66.
India's Enforcement Directorate filed a chargesheet against Chirag Tomar and accomplices for a $20 million crypto phishing scam using a fake Coinbase Pro site. The funds were laundered through thousands of wallets and P2P trades; 129 bank accounts and assets worth 645.5 million rupees have been frozen.
LVRG Research director Nick Ruck stated that Bitcoin's recovery depends on the US-Iran peace deal. He warned that a breakdown of the agreement could lead to a volatile path for Bitcoin.
A Bitcoin address that had been inactive since October 15, 2014, transferred 100.5 BTC (worth approximately $6.59 million) at block 953816. The transaction was detected by Galaxy Research.
Multiple World Cup matches ended in draws, causing volatility in prediction markets. OmenX, a leveraged prediction market platform, reported nearly $8 million in trading volume over 24 hours as users hedged positions.
CryptoQuant analyst Darkfost reported that Bitcoin's recent correction from $82,000 to below $60,000 has spurred speculative activity in derivatives. Binance's Bitcoin futures cumulative trading volume has approached $800 trillion, surpassing global annual GDP and real estate market valuations.
Cryptocurrency exchange Bitget announced the initial listing of AIVIVE (AVV) token in its AI zone. The listing will provide trading opportunities for the AI-focused token.
Gate Stock Zone will launch perpetual contracts for TWLO, ROK, CGNX, IVV, SOXX, SMH, SPYM, and VOO on June 16 at 14:00 UTC+8. The contracts are settled in USDT and support 1-20x leverage.
Binance Research reports DeFi on-chain leverage has risen to about 38%, driven by TVL compression rather than new borrowing demand. April DeFi attacks caused approximately $13 billion in TVL outflows, yet substantial deleveraging has not occurred despite market pullbacks.
Bybit has introduced a dedicated options market for Tether Gold (XAUT), allowing traders to hedge risk or speculate on gold prices. The options are settled in USDT, providing a crypto-native way to gain exposure to gold.
Analysts say Bitcoin's recovery depends on a US-Iran peace deal, with on-chain data showing weak momentum despite a recent bounce above $67,000. LVRG Research Director Nick Ruck warned that declining volume and stagnant on-chain metrics suggest the rally lacks conviction and could fade quickly.
A whale sold $77,280.47 on Polymarket betting that a permanent peace agreement between the US and Iran will be reached by June 15. The current odds for this outcome stand at 97.01%.
Bitcoin ETFs experienced cash outflows on Monday, primarily driven by Grayscale's GBTC, while Ether, XRP, Solana, and Hyperliquid funds all saw inflows.
XRP surged over 10% to break $1.20, driven by Asian demand and ETF inflows, but faced selling pressure near the $1.25 resistance zone. The token gave back gains as traders took profits, failing to hold its highs.
XAUT is priced at $4,296.98 with $595 million in contract trading volume and $579 million in open interest. Gate exchange holds $125.38 million in XAUT, ranking third globally, while PAXG trades at $4,309.93 with a market cap of $1.965 billion.
The Bank of Ghana has instructed all regulated financial institutions to immediately cease supporting unauthorized foreign currency digital wallet services provided by cryptocurrency platforms. The central bank stated that these platforms lack the necessary approvals under the Payment Systems and Services Act and the Foreign Exchange Act, making the integration with the banking system illegal.
The FBI issued a forfeiture notice listing seized crypto assets valued at approximately $1.9 million, including USDT, BTC, ETH, BNB, SOL, and XRP. The assets were seized for alleged federal law violations, with claims or objections to be filed per the notice procedures.
Exodus added 27 Bitcoin and 1,439 SOL in May, bringing total BTC to 656 and SOL to 20,673. The company reduced ETH holdings by 439 to 1,433, while crypto transaction volume rose to $383 million.
A potential US-Iran deal has lowered oil prices and lifted stocks, but bitcoin's recovery remains hesitant. ETF outflows paused after a record run, with analysts saying the market awaits the deal's signing before pricing it in.
The U.S. Government Accountability Office sent a letter to FDIC Chairman Travis Hill on June 8, recommending coordination mechanisms for crypto regulation. The GAO also suggested rotating case managers assigned to banks to reduce independence threats, following the 2023 collapse of three crypto-related banks.
DeriW has launched the SPCX-USDT perpetual trading pair, enabling users to trade exposure to SpaceX during market hours. The pair tracks SpaceX's valuation through synthetic assets.
Applications for Build East on July 7 close June 22; selected teams demo for fast-track evaluation.
Users can claim 100 tBRT daily from the faucet. The top 10,000 holders will share 1 million BRT in an airdrop.
Moku_HQ has launched prediction markets on the Ronin blockchain, featuring 90-second games and USDC prizes. The games run daily from 3-4pm UTC, with a 2% rake on loser pools.
Lista DAO has launched Lista RWA on BNB Chain, offering tokenized US Treasuries, corporate bonds, gold, and PayFi vaults. The platform provides yields up to 10% APY.
QTUM has 98.35% of its total supply in circulation. The remaining 1.65% will be minted through staking rewards over approximately 21 years.
Bitget has launched 11 new stock derivatives covering sports, travel, and consumer brands related to major sports events. The new listings include Anheuser-Busch InBev, Nike, Coca-Cola, Airbnb, Marriott International, and Visa.
A whale address borrowed 9,000 ETH from Aave and deposited it to Binance, then withdrew 16.37 million USDT after selling. The address has accumulated a short position of 44,000 ETH at an average price of $1,702, currently facing an unrealized loss of approximately $3.08 million due to ETH's price increase.
The Bank of Japan raised its key interest rate by 25 basis points to 1%, the highest since 1995. Bitcoin rose following the rate hike.
HashKey Chain partners with Morpho to explore institutional CeDeFi and real-world asset lending. The collaboration combines HashKey Group's compliance infrastructure with Morpho's lending protocol.
On June 15, U.S. spot Bitcoin ETFs experienced net outflows totaling $64.09 million. In contrast, U.S. spot Ethereum ETFs recorded net inflows of $22.50 million on the same day.
Brazilian Federal Deputy Lincoln Portela introduced Bill 2.901/2026 to establish a permanent regulatory sandbox for blockchain and asset tokenization testing under Central Bank supervision. The bill includes proportional regulation for small fintech startups, prohibits bureaucratic burdens incompatible with crypto assets, and proposes fines up to 20% of annual profit or revenue for violations.
Seoul police dismantled two organizations that laundered over 14 billion won through virtual assets for telecom fraud rings based in Cambodia. One group of nine, led by a Chinese suspect, used USDT to move funds, while another 14-person group handled romance scam proceeds.
Alipay has officially launched its AI version named 'Abao', becoming the world's first super app to achieve full AI integration across all platforms. The new version is currently in invite-only testing and will gradually open to all users.
Coinbase CEO Brian Armstrong proposed replacing the accredited investor wealth threshold with a financial literacy test or abolishing the rule entirely. He argued that current rules unfairly exclude retail investors from pre-IPO gains.
On June 16 at 10:53, 40 million USDT was transferred from an unknown wallet to Binance, according to Coinglass data. The transaction was detected by monitoring systems.
Bitget has launched GRAMUSDT and GRAMUSDC perpetual contracts with maximum leverage of 75x and 25x respectively. The exchange also opened trading bots for these contracts.
The bill, sponsored by Deputy Senate President Barau Jibrin, mandates cryptocurrency exchanges to obtain licenses and comply with transparency requirements. It has been referred to the Capital Markets Committee for further review with a four-week reporting deadline.
PayFi sector led gains with a 4.03% rise, driven by Stellar (XLM) up 13.54% and Bitcoin Cash (BCH) up 6.45%. Bitcoin (BTC) broke $66,000 with a 1.16% gain, while Ethereum (ETH) rose 4.48% to over $1,700.
Bithumb announced the addition of SPX6900 (SPX) to its Korean Won trading market. The listing is effective immediately, allowing users to trade SPX against KRW.
Bitcoin (BTC) fell below $66,000, currently trading at $66,000 on Gate exchange. The cryptocurrency has seen a 0.46% increase over the past 24 hours.
Upbit, South Korea's largest crypto exchange, announced the listing of SPX6900 (SPX) on Ethereum. Trading begins today at 14:00 KST, with deposits already open.
Upbit will list SPX6900 (SPX) on June 16 at 14:00, supporting KRW, BTC, and USDT markets. Deposits are available within 2 hours of the announcement.
Dubai's Virtual Assets Regulatory Authority (VARA) issued new anti-money laundering guidelines requiring crypto firms to integrate FATF high-risk and blacklisted country data into real-time risk scoring models. Firms must update risk assessments quarterly, separately evaluate proliferation financing and targeted financial sanctions risks, and document risks from AI-assisted operations and anonymity-enhanced exchanges.
South Korean cryptocurrency exchange Upbit has announced the listing of SPX6900 (SPX) token. Trading is available in KRW, BTC, and USDT markets.
Data from Coinglass shows Hyperliquid whale positions total $4.706 billion, with longs at $2.352 billion (49.98%) and shorts at $2.354 billion (50.02%). A whale address 0x0ddf..02 opened a 3x full margin short on ETH at $1,810.16, with unrealized profit of $1.1378 million.
Strategy repurchased $1.5B face value convertible notes at an 8% discount, reducing outstanding debt from $8.2B to $6.7B and generating a BTC Yield of 0.7%. Coinbase was named one of the top three crypto stocks to watch before the FOMC meeting, with market pricing a 97.4% probability of no rate hike.
Bithumb announced the listing of SPACE token on its Korean won market. Trading is expected to open at 14:00 local time.
Ethereum's total futures open interest increased by 5.53% in the past 24 hours, reaching $25.506 billion. Binance holds the largest share at $6.052 billion, followed by Gate at $2.007 billion, OKX at $1.617 billion, and Bybit at $1.596 billion.
Aztec Network suffered a $2.19 million loss from a minor validation flaw in its smart contract. The vulnerability allowed an attacker to drain funds from the protocol.
Bithumb announced the listing of SpaceCoin (SPACE) in its Korean won market. The trading will begin on March 13, 2025, at 18:00 KST.
Over the past 24 hours, total crypto liquidations reached $488 million, with long liquidations at $116 million and short liquidations at $372 million. Bitcoin long liquidations were $20.7 million, while short liquidations hit $89.8 million; Ethereum long liquidations were $35.1 million, with short liquidations at $140 million.
Representatives Lance Gooden and Josh Gottheimer introduced a bill to establish a Federal Cryptocurrency Theft Task Force within the DOJ, tasked with coordinating investigations and prosecutions of crypto asset theft, hacking, and fraud. The task force would provide technical assistance to state and local law enforcement and facilitate international cooperation, but would not regulate crypto markets or financial products.
A whale bought 29,000 ETH during last week's price dip and sold them 5 hours ago, netting a profit of approximately $6.4 million. The transaction was monitored by on-chain analytics platform Lookonchain.
Standard Chartered initiated coverage on Uniswap, forecasting its UNI token to surge 40x from ~$2.7 to $100 by end-2030. The bank expects tokenized assets in DeFi to grow from $340 billion to $2.7 trillion by 2030, benefiting Uniswap as a decentralized exchange.
Xertra Platform announced the launch of Compass on June 18. The launch ends the waiting period for users.
Key data releases include May industrial production, housing starts, retail sales, and Philly Fed manufacturing.
CryptoQuant's new Alpha Library dashboard integrates on-chain and sentiment indicators for Bitcoin. The tool shows bearish signals but not capitulation, contrasting with the extreme panic of late 2022.
Mbridge, a blockchain-based central bank digital currency network, has processed 470 billion yuan in transactions. The network aims to compete with SWIFT for cross-border payments.
The cat-themed game has finished development and is finalizing design details. It will soon be listed on Solana dApps.
Kraken has introduced a CFTC-regulated perpetual futures product for eligible US traders. The offering brings offshore crypto perpetual futures onshore under US regulatory oversight.
Salesforce announced the acquisition of AI customer service product Fin for approximately $3.6 billion, with the deal expected to close in the fourth quarter of fiscal 2027. Fin integrates with help desk systems like Salesforce and Zendesk, complementing Salesforce's Agentforce platform.
The Mexican fintech industry is seeking reforms under new CNBV head Ángel Cabrera to update the 2018 Fintech Law, which they argue has become outdated. Key demands include faster authorization processes, tiered risk management, and clearer rules for crypto assets, aiming to boost financial inclusion as 85% of transactions remain cash-based.
Nasdaq-listed Forward Industries (FWDI) is pursuing acquisitions of small Solana digital asset treasury (DAT) companies, offering all-stock mergers with 10-20% premiums. SkyAI (SKYA) has not responded, while Solana Company (HSDT) rejected the initial offer; Forward previously failed to acquire Solmate.
Bitcoin mining firm Mara purchased 1,000 BTC from FalconX, worth $66.7 million. The transaction was monitored by Onchain Lens.
Bloomberg ETF analyst Eric Balchunas stated on X that Nasdaq has confirmed the listing of BlackRock's iShares Bitcoin Premium Income ETF (ticker: BITA) on Tuesday. The ETF targets an annualized yield of 15-25% while providing investors with at least 70% of Bitcoin's upside.
Binance founder Changpeng Zhao stated that he holds almost no fiat currency and uses crypto assets for everyday spending via real-time card settlement. He noted that Binance's fee income is already in cryptocurrencies like Bitcoin, effectively accumulating BTC, and remains optimistic about crypto's long-term trend.
According to Coinglass, the current 8-hour average funding rate for BTC across all exchanges is -0.0013%. Among major exchanges, Binance has a rate of -0.0004%, OKX -0.0013%, Bybit 0.0029%, and Gate 0.0022%.
Strategy (formerly MicroStrategy) purchased 1,587 Bitcoin for about $100 million at $63,024 each, increasing its total holdings to 846,842 BTC. No other listed companies bought Bitcoin last week, while Japan's Metaplanet has not purchased for two consecutive months.