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U.S. prediction market platform Kalshi announced it has launched XRP perpetual futures contracts. The launch follows the platform's introduction of Bitcoin perpetual futures on June 3, a move approved by the U.S. Commodity Futures Trading Commission (CFTC).

The public has reached a stage of completely ignoring and giving up on Ethereum (ETH), a state of extreme FUD that paradoxically makes a price rebound more likely, according to an analysis by Santiment. This negative social sentiment, which has fallen to its lowest level this year, stems from several factors: months of underperformance against Bitcoin and other altcoins, criticism of the Ethereum Foundation's (EF) governance and leadership, and controversial statements from Vitalik Buterin. Additionally, the proportion of ETH supply in profit by more than three times has dropped to 11%, its lowest point since 2017. Santiment drew a parallel to April 2025, when the market despaired that Ethereum was finished after a significant price drop. Exactly four months later, as FUD peaked and selling pressure exhausted itself, the price tripled to a new all-time high.

According to analysis from BIT, formerly Matrixport, Bitcoin is consolidating around $60,000 ahead of the U.S. Consumer Price Index (CPI) data release later today, which will serve as its first major test. The firm noted that Bitcoin is currently grappling with three macroeconomic headwinds simultaneously: inflation concerns, waning investor sentiment for AI-themed assets, and geopolitical uncertainty stemming from renewed conflict involving Iran. This extreme caution is also reflected in the options market, where the implied volatility of put options has consistently surpassed that of call options, pushing the volatility skew deep into negative territory to levels that exceed even those seen during the peak of the recent Middle East geopolitical crisis.

CME Group has launched a futures product for the Nasdaq CME Cryptocurrency Index, Cointelegraph reported. The index covers BTC, BCH, ETH, SOL, XRP, ADA, LINK, and XLM.

The blockchain-based metaverse gaming platform The Sandbox (SAND) has announced the upcoming launch of its AI game engine, "The Sandbox Studio." In a post on its official X account, the company said it is releasing the engine for the next generation of creators and that applications for early access are now open.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.88% long, 50.12% short - Binance: 48% long, 52% short - OKX: 48.62% long, 51.38% short - Bybit: 46.93% long, 53.07% short

SaharaAI (SAHARA), which recently drew attention for a sharp drop in its native token, announced via its official X account that it has restored Ethereum-based SAHARA liquidity in its Cross-Chain Interoperability Protocol (CCIP) bridge pool. The project stated that transfer functions have now returned to normal. This follows a plunge of over 60% in the SAHARA token price yesterday, after which the team said it was investigating the cause and confirmed there were no security issues.

The simultaneous decline in Bitcoin and gold prices is driven by market fears that high interest rates could persist longer than anticipated, CoinDesk reported. The outlet noted that BTC has fallen 3% over the past 24 hours, while gold has dropped 2%. As non-interest-bearing assets, both Bitcoin and gold tend to lose their investment appeal when expectations for rising interest rates strengthen. The BTC rebound earlier this week was more of a technical bounce driven by the liquidation of short positions than by new capital inflows. Over $500 million in short positions were liquidated during the recent rally, marking the largest such event since April. CoinDesk explained that if U.S. inflation data comes in higher than expected, the Federal Reserve's high-rate policy could be extended, potentially placing further selling pressure on BTC and other risk assets.

Ripple (XRP) has fallen more than 4%, breaking below the key support level of $1.13 amid a large-scale sell-off, CoinDesk reported. The outlet noted that after losing the $1.13 level, selling pressure and trading volume surged, pushing the price as low as $1.05 at one point. XRP is currently trading within a downward channel and remains below its 100-day and 200-day moving averages, indicating a continued bearish trend. If it fails to reclaim $1.13 and the support at the $1.10–$1.12 range collapses, there is a risk of a further decline below $1. CoinDesk added that the crucial support zone is now between $1.10 and $1.12.

The net assets of 11 U.S. spot Bitcoin ETFs have fallen to $77.58 billion as of June 9, returning to levels seen just after President Donald Trump's election in November 2024, CoinDesk reported. According to the report, the ETFs' net assets peaked at an all-time high of $169.5 billion in October 2025, driven by expectations of pro-cryptocurrency policies, but have since surrendered most of those gains. The funds have experienced net outflows of over $5 billion in the past four weeks. Cumulative net inflows since the ETFs' launch have also decreased by approximately $9 billion compared to October 2025, hitting their lowest point since August 2025. Binance Research analyzed that the recent ETF outflows reflect the Federal Reserve's hawkish stance amid inflationary pressures, though it noted that the trend of decreasing on-chain supply remains intact. Ophelia Snyder, co-founder of 21Shares, added that other growth themes like artificial intelligence (AI) and SpaceX are currently absorbing investor interest and capital. She also pointed to risks in the Strait of Hormuz, U.S. employment data, inflation, and geopolitical uncertainty as factors dampening cryptocurrency investment sentiment.

OKX announced it will list perpetual futures contracts based on the stocks of Samsung Electronics, SK Hynix, and Hyundai Motor for users in select supported countries and regions. The listings are scheduled for today, June 10, at the following times: - SAMSUNG/USDT: 5:45 a.m. UTC - SKHYNIX/USDT: 5:50 a.m. UTC - HYUNDAI/USDT: 5:55 a.m. UTC

Following the release of Fable 5, the first public version of Anthropic's new AI model Claude Mythos, concerns are rising in the crypto industry about its potential to exploit smart contract vulnerabilities, Cointelegraph reported. Simon Dedic, founder of Moonrock Capital, warned on X that Fable 5 could reduce the cost and technical barriers for finding smart contract vulnerabilities to virtually zero. He added that unaudited DeFi protocols could become easy targets and that existing vulnerabilities could be repeatedly exploited in forked projects. Conversely, Curve Finance (CRV) co-founder Michael Egorov argued there is no guarantee that Mythos's success in finding vulnerabilities in general software will be replicated in DeFi smart contracts. He suggested that a greater threat could emerge in the area of operational security (OpSec), such as attacks on multisig wallets or front-end supply chains.

Bitfufu, a cloud mining platform under Bitmain, announced that it mined a total of 177 BTC in May. The company's Bitcoin holdings stood at 1,855 BTC as of the end of May, an increase of 43 BTC from the end of April.

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

A circuit breaker has been triggered on the KOSPI following a sharp drop in the index. All trading will be halted for 20 minutes.

Cryptocurrency analyst Killa has identified $60,000 as a key price level for Bitcoin (BTC). He explained on X that if BTC maintains its quarterly low of $60,037, it could rebound to $68,185. However, if this level is breached, the price could fall to a Chicago Mercantile Exchange (CME) gap at $54,111. Killa noted that in the event of a further decline, the next major support level could be the July 2024 low of $49,302. Killa is a BTC-focused quant trader who previously predicted the bull market top in May 2025 and revealed he had opened a BTC short position at $74,688 in mid-April of this year.

U.S. spot Ethereum ETFs recorded a total net outflow of $40.83 million (62.1 billion won) on June 9, marking a shift to outflows for the first time in three trading days, according to data from TradeT. - BlackRock's ETHA: -$8.47 million - BlackRock's Staking ETHB: +$20,000 - Grayscale's ETHE: -$17.42 million - Grayscale's Mini ETH: -$14.96 million

According to a report from 10x Research, while Bitmine has an unrealized loss of approximately $10 billion on its ETH investments, its current stock price includes a potential upside that the market is overlooking. The report noted that Bitmine raised $19.2 billion through 50 separate stock issuances between July 2025 and June 2026 to purchase 5,543,872 ETH, an amount representing approximately 4.6% of the token's total circulating supply. However, with the price of ETH falling from an average purchase price of $3,526 to around $1,650, the value of the company's holdings has shrunk to approximately $9.1 billion. The losses were compounded by investors purchasing the stock at a significant premium to its Net Asset Value (NAV), estimated at a total of $4.6 billion. 10x Research concluded that with the stock price now significantly lower, the potential for a future recovery has become more important than the underlying asset value, suggesting Bitmine has entered a new phase.

U.S. spot Bitcoin ETFs recorded a total net outflow of $77.44 million on June 9, according to data compiled by Trader T. This marks the third consecutive trading day of net outflows for the funds. - BlackRock's IBIT: -$61.64 million - Fidelity's FBTC: -$20.19 million - Grayscale's Mini BTC: +$4.39 million

South Korean cryptocurrency exchanges have conducted transactions worth approximately 90 billion won ($60.2 million) this year with overseas virtual asset businesses that have not registered with the government, Maeil Business Newspaper reported. A study by Hansung University's Blockchain Research Institute on June 8 found that between January and May, over 87,000 such deposit and withdrawal transactions took place. The activity was reportedly concentrated on Tapbit and CoinMii, two exchanges described as notorious for copy trading scams.

An address associated with Tron (TRX) founder Justin Sun withdrew 12,000 ETH ($19.5 million) from Poloniex about 20 minutes ago, according to ai_9684xtpa. The source noted that Sun has previously withdrawn ETH in a similar manner before staking it on Lido. The newly withdrawn ETH has not yet been moved to another address.

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.