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A Japanese corporate pension fund representing about 1,200 small and medium-sized businesses plans to invest approximately 1% of its total assets in cryptocurrency starting in the 2026 fiscal year, Nikkei reported. The fund, which manages around 21.3 billion yen ($130 million), will reportedly invest in a passive product from a global hedge fund that holds a portfolio of multiple cryptocurrencies.

South Korean crypto exchange Bithumb announced it has temporarily suspended deposits and withdrawals for Taiko (TAIKO) due to an issue with the mainnet network.

The Bitcoin Rainbow Price Chart has dropped below its "Fire Sale" band, a zone indicating extreme undervaluation, Cointelegraph reported, citing data from on-chain platform Coinglass. The Rainbow Chart is an indicator based on a long-term logarithmic growth curve that shows the relative overvaluation or undervaluation of BTC.

South Korean crypto exchange Upbit has announced the suspension of deposits and withdrawals for Taiko (TAIKO), citing a network issue. The suspension is effective immediately.

A Chinese organization accused of illegally exporting fentanyl precursors has also been implicated in a large-scale cryptocurrency scam in Japan, Nikkei reported. According to the report, the group used a Japanese domain to issue a fake token called 'zksync.jp,' defrauding global investors of hundreds of millions of yen. The token mimicked the Ethereum Layer 2 project zkSync (ZK) but has no affiliation with the actual project. Nikkei also found evidence that the organization conducted more than 120 cryptocurrency transactions with entities sanctioned by the U.S. Treasury's Office of Foreign Assets Control (OFAC), suggesting a possible connection to a money laundering network.

Three anonymous wallets that collectively earned $24.25 million from World Cup prediction markets have moved their funds to the same Binance deposit address, CryptoSlate reported, citing data from Lookonchain. The three wallets, labeled mintblade, GRIMDRIP, and EndlessFate, correctly predicted 13 out of 16 World Cup-related bets before ceasing all trading and withdrawing their remaining balances. The wallets recorded profits of $9.24 million, $7.60 million, and $7.41 million, respectively. Lookonchain noted that while the use of a single exchange deposit address suggests the wallets may be operated by one individual or organization, this does not prove the use of insider information or foul play.

South Korea's ruling Democratic Party will meet with representatives from Solana to discuss U.S. legislative trends and explore directions for the country's digital asset laws, Edaily reported. Lawmakers Ahn Do-geol and Lee Kang-il are set to host a seminar at 5:00 a.m. UTC today on the topic of 'Global Digital Asset Regulatory Trends and South Korea's Legislative Path.' Miller Whitehouse-Levine, CEO of the Solana Policy Institute, is scheduled to present on major U.S. digital asset legislative trends and governance changes. The event is notable as it marks the ruling party's first step toward discussing the second phase of the Digital Asset Basic Act, which covers won-denominated stablecoins, following the local elections in June.

An Iranian delegation has refused to return to four-party talks after U.S. President Trump made threats during the negotiations, according to Iran's Tasnim News Agency. The parties have reportedly exchanged messages via mediators from Qatar and Pakistan.

We provide real-time cryptocurrency updates around the clock from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Outside these hours, coverage is limited to critical market-moving developments. Note: Breaking international economic news will continue to be provided through the CoinNess Live app and our website.

India's Directorate of Enforcement has raided several Bengaluru-based companies allegedly involved in cryptocurrency transfers worth over $260 million, Cointelegraph reported.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,129.78 on the Binance USDT market.

Israeli Prime Minister Netanyahu has ordered a ceasefire in Lebanon, according to Israeli media.

PancakeSwap, which suffered a $1.1 million loss from a hack on its OLPC/LABUBU pool, announced that an initial investigation has confirmed there are no issues with its smart contracts. The platform added that the investigation is ongoing and it will share more information as it becomes available.

Nigel Farage, leader of the right-wing UK Reform Party, has privately urged the Bank of England to scrap its digital pound plan, Cointelegraph reported. Farage is known for his opposition to central bank digital currencies (CBDCs) while being a vocal supporter of stablecoins.

An Iranian Foreign Ministry spokesperson stated that at the upcoming talks in Switzerland, Iran will demand that its counterparts implement their agreement and clarify how they intend to fulfill their obligations, Fars News Agency reported.

Iran's Supreme Joint Military Command has closed the Strait of Hormuz, according to the country's Mehr News Agency. The command cited the United States' "clear violation" of its commitment to implement the first article of a memorandum of understanding (MOU) and a subsequent loss of trust. It also pointed to Israel's continued violation of the ceasefire agreement in southern Lebanon.

According to Fox News, U.S. Vice President JD Vance announced that President Donald Trump's special envoy, Steve Witkoff, and son-in-law, Jared Kushner, have arrived at the site for negotiations with Iran. Vance added that the talks could take place on June 21.

The PancakeSwap OLPC/LABUBU pool has been hacked, resulting in losses of approximately $1.1 million, according to PeckShield. The attacker bridged the stolen funds to Ethereum and deposited 633.4 ETH into Tornado Cash.

Kaleo, a well-known crypto analyst with 700,000 followers on X, has warned that Strategy may need to sell more than 50,000 BTC over the next two years to navigate its current financial situation and cover dividends and operating expenses. According to CryptoPotato, the price of Strategy's perpetual preferred stock (STRC) has plummeted to a low of $82.50, significantly below its par value of $100. Drawing parallels to the FTX collapse, Kaleo expressed concern that the company's structure of continuously buying Bitcoin with investor funds and betting solely on price appreciation could trigger cascading liquidations in the event of a market downturn.

Reeve Collins, a co-founder of Tether who was involved in the development of USDT, pointed out structural flaws in existing stablecoin models during an interview with FinanceFeeds. He announced that he is building a next-generation protocol, STBL, to address these issues. Collins explained that Tether's current business model involves taking user dollars, investing them in U.S. Treasurys that yield 3-4%, and having the issuer retain all the resulting interest income. He noted that users only gain the utility of global fund transfers and receive no value back from their funds held within the system. The new protocol, STBL, will adopt a dual-token structure that separates assets into a payment token and an interest-bearing token. This will allow users to earn interest in real-time while freely using their funds for transfers and payments without a lock-up period. Furthermore, STBL plans to move beyond traditional Treasury-based collateral by using a mix of Hamilton Lane's SCOPE fund, which has a target yield of 7-8%, and government bonds. The goal is to directly return an institutional RWA-based yield of around 5% annually to both users and issuers.

Pudgy Penguins has launched its "Vibes" Series 3 trading card game in stores of the major U.S. retail chain Target, Cointelegraph reported. A total of 15 million cards have been distributed.

A 40x BTC short position held by Hyperliquid trader James Wynn has been liquidated again, Onchain Lens reported.

Sonic (S) co-founder Andre Cronje and other co-founders have resigned from the Sonic Labs board, BeInCrypto reported. Matt Visser has been appointed as the new CEO. The resigning founders will retain their equity but will step away entirely from future management and business decision-making. The S token has fallen 9.5% over the past 24 hours and 91.3% over the last year.

Weekly outflows from Bitcoin ETFs have decreased by 87% from their peak, Spot On Chain reported. Outflows, which reached $1.72 billion in the first week of June, have since fallen to $226 million.

Namada, a privacy-focused layer-1 public chain based on the Cosmos ecosystem, has announced that it suffered a protocol exploit. The scale of the damage has not been revealed. The development team stated that it is currently investigating to determine the exact cause and is collaborating with relevant parties on countermeasures to prevent further losses.