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An address associated with the World Liberty Financial (WLFI) team deposited 177 million WLFI, worth $9.73 million, to Binance about 30 minutes ago, according to on-chain analyst ai_9684xtpa. The analyst suggested the deposit is likely related to an airdrop campaign on Binance for USD1 holders.

Crypto influencer Ansem, who has 933,000 followers on X, predicted that asset markets may undergo a period of de-risking in the coming months as investors seek a market bottom. This would involve reducing exposure to high-risk assets like stocks and cryptocurrencies in favor of cash or safer investments. He noted a convergence of factors, including the upcoming U.S. Consumer Price Index (CPI) announcement, the first FOMC meeting under a potential Kevin Warsh-led Federal Reserve, and seasonal summer trends that typically favor downside pressure. Ansem added that he disagrees with claims of a capital rotation from U.S. tech stocks into BTC or ETH, analyzing that the technical outlook for "Strategy" also appears bearish.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $120 million liquidated (72.57% longs) - ETH: $77.12 million liquidated (70.59% longs) - XAU: $11.5 million liquidated (93.26% longs)

The price of Stargate Finance (STG) has surged over 40% after a single address withdrew 8 million STG from Gate.io, EmberCN reported. The on-chain analysis firm explained that following LayerZero's (ZRO) acquisition of Stargate, STG became exchangeable for ZRO at a fixed rate of 1 STG to 0.08634 ZRO. However, the price of ZRO has not risen. EmberCN noted that while ZRO is currently trading at $0.84, which would imply an STG price of approximately $0.07 based on the fixed rate, STG is actually trading at $0.36.

According to Iranian media, Iran conducted a drone attack on a U.S. military base in Kuwait early today. The strike follows previous attacks by Iran on the U.S. Navy's 5th Fleet facilities in Bahrain and a U.S. Air Force base in Jordan.

Zach Pandl, head of research at crypto asset manager Grayscale, has analyzed that BTC has now entered an undervalued range based on on-chain valuation metrics, although it is not as undervalued as it was at previous cycle bottoms. He suggested that the current bear market might be milder than those in the past, attributing this to the relatively smaller gains of the last bull run and an improved market structure, including the expansion of ETFs and increased institutional investment. Pandl noted that key short-term variables include the progress of the CLARITY Act and the financial stability of leveraged BTC investors. He added that the current BTC price level could be seen as an opportunity for long-term investors to accumulate their holdings in stages.

South Korean crypto exchange Upbit announced it is temporarily suspending Zcash (ZEC) withdrawals to support a wallet upgrade.

Crypto trading and investment firm Rand Group stated on its official X account that a $10,000 investment in Bitcoin on the day of U.S. President Donald Trump's inauguration would now be worth only $5,700, a return of -43%. The firm noted that under the same conditions, an investment in Ethereum (ETH) would be down 48%. Other cryptocurrencies saw even greater losses, including XRP (-66%), SOL (-76%), DOGE (-78%), AVAX (-82%), ADA (-85%), SUI (-85%), DOT (-86%), ENA (-91%), APT (-92%), TRUMP (-97%), and MELANIA (-99%).

Binance has announced the temporary suspension of its stock trading service from 10:50 a.m. UTC to 4:00 p.m. UTC on June 13. The suspension is due to a system upgrade by its partner broker.

U.S. prediction market platform Kalshi has surpassed $1 billion in notional trading volume for its crypto perpetual futures just one week after launch, Crypto Briefing reported. The product recorded over $100 million in volume within its first 24 hours, making it the fastest-growing product in Kalshi's history, according to the report. The launch follows the U.S. Commodity Futures Trading Commission's (CFTC) approval last month for Kalshi to offer Bitcoin perpetual futures. The platform officially launched the product on June 3.

Bitcoin Layer 2 project Botanix has announced it will shut down its services on July 9. In a post on X, the project explained that after four years of trying to validate demand for a Bitcoin-based blockchain, it concluded its business model is not viable in the current market environment. Botanix stated that users have chosen convenience over decentralization and that most of the demand for Bitcoin DeFi is already being met by WBTC and general-purpose Layer 2 environments. Existing users are required to withdraw all funds before the service termination date.

Decentralized satellite internet project SpaceCoin (SPACE) announced on June 10 that it has signed an exclusive Memorandum of Understanding (MOU) with Vietnamese technology firm DETI Technology (DETI) to build a decentralized satellite communication infrastructure. The initiative will target major Vietnamese mobile carriers Mobifone and Gtel. The two companies aim to develop a business generating at least $100 million in annual revenue following the project's commercial launch. The exclusivity period of the agreement is three years, starting from when the project obtains its official operating license. Through this partnership, SpaceCoin plans to establish a single-partner system in the Vietnamese market and jointly develop a decentralized satellite infrastructure and commercial operating model tailored to the local telecommunications market.

Humanity (H) announced on X that it is developing a plan to recover from a recent hack. The project stated it has built a system to track the attacker's address and related fund movements in real-time, which has been shared with exchanges and aggregators. Additionally, a bounty of 1 million USDT will be offered for information that helps recover the stolen funds. All recovered funds will be used for an H token buyback. Humanity also explained that it is preparing a recovery plan for victims.

The European Union (EU) is pursuing sanctions against 11 cryptocurrency platforms accused of helping to circumvent international sanctions against Russia, Bitsmedia reported. Kaja Kallas, the EU's High Representative for Foreign Affairs and Security Policy, stated that the bloc plans to include the 11 platforms in its 21st sanctions package against Russia. She added that the EU will strengthen its ban on providing crypto-asset-related services to certain third countries and expand the scope of its sanctions, though she did not disclose the names of the specific platforms. The EU's 20th sanctions package, which took effect in May, already included Russian-registered crypto transfer and exchange service providers.

Russia's State Duma, the lower house of its parliament, has passed the first reading of a government-proposed amendment on cryptocurrency taxation, Bits.media reported today. The bill stipulates that the tax base for crypto transactions will be calculated on the difference between the sale price and the acquisition cost. It also allows investors to offset profits and losses from cryptocurrencies and "overseas digital rights assets" within the same tax period. Additionally, the State Duma's tax committee has proposed a further amendment for the bill's second reading that would designate authorized crypto trading platforms as tax agents. If approved, this would require exchanges to directly withhold personal income tax from users' crypto sales. The legislation, if passed, would establish a more detailed framework for digital asset taxation in Russia.

South Korea's Digital Asset eXchange Alliance (DAXA) and registered domestic Virtual Asset Service Providers (VASPs) have uncovered 12 illegal virtual asset businesses in their first joint investigation and reported them to the police, Dailian reported. The illegal over-the-counter exchanges were found to have charged fees up to 62 times higher than those at regulated domestic exchanges.

A U.S. court has sentenced Geoffrey K. Auyeung, a resident of Seattle, Washington, to five years in prison for his role in a cryptocurrency money laundering scheme, Decrypt reported. According to prosecutors, Auyeung was involved in laundering approximately $97.1 million in criminal proceeds between 2022 and 2024 by assisting a fraudulent organization that solicited investments in oil and natural gas. His role was to receive funds from victims, purchase cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) to obscure the money trail, and then transfer the assets to his accomplices.

An address believed to belong to Yuga Labs co-founder Bizyugo has withdrawn 100,000 HYPE, worth approximately $5.9 million, from Coinbase, Onchain Lens reported. Withdrawals from exchanges are generally seen as a signal of intent to hold. Bizyugo is one of the co-founders of Yuga Labs, the developer of the NFT project Bored Ape Yacht Club (BAYC).

A package of bills aimed at reforming the U.S. cryptocurrency tax framework is facing challenges in achieving bipartisan consensus, CoinDesk reported. While the U.S. House Ways and Means Committee has discussed the legislation, disagreements over certain provisions suggest further negotiations will be necessary. The proposed bill focuses on easing the tax reporting burden for cryptocurrency investors and users. Key measures include exempting small crypto transactions from tax reporting and preventing the double taxation of mining and staking rewards. Lawrence Zlatkin, Vice President of Tax at Coinbase, commented that although millions of Americans own or use digital assets, the current tax code treats them like an experimental technology. He argued this creates confusion for taxpayers, compliance burdens for businesses, and administrative challenges for the Internal Revenue Service (IRS). Committee Chairman Jason Smith explained that the goal is to enhance tax equity between digital and traditional financial assets, clarify tax issues unique to cryptocurrencies, and reduce reporting burdens.

A portion of the 40x leveraged Bitcoin (BTC) short position held by notable Hyperliquid trader James Wynn has been liquidated again, Onchain Lens reported. However, Wynn has reportedly not closed the position entirely and continues to maintain it. This follows a previous instance where, after a full liquidation, Wynn opened a new 40x short position worth 2.72 BTC.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the CVD. - The top Volume Heatmap tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly. These brighter areas can potentially act as support or resistance levels. - The bottom CVD indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

The Fear & Greed Index from crypto data provider CoinMarketCap has fallen one point from yesterday to 15, shifting from "Fear" to "Extreme Fear." The index indicates extreme market fear as it approaches 0 and extreme optimism as it nears 100. CoinMarketCap's index is calculated based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

Three anonymous addresses have withdrawn 75,000 ETH, valued at $120 million, from Kraken and FalconX, with Onchain Lens reporting that the wallets likely belong to Bitmine.

A U.S. official told Axios that a second strike on Iran is underway, targeting the country's air defense and radar systems.

Iran's Islamic Revolutionary Guard Corps (IRGC) announced via social media on June 10 that it had fired missiles and drones at U.S. targets in the region, according to CNN.