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Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Cumulative trading volume on Hyperliquid's (HYPE) HIP-3 market has surpassed $300 billion, with the total reaching $309.49 billion as of 15 hours ago, according to data from Dune Analytics. The HIP-3 market has recently gained popularity as it allows anyone to create markets directly on-chain by staking HYPE. Its key advantages over traditional finance futures include 24/7 operation without market closes and a focus on perpetual futures products that have no expiration dates. Previously, trading volume for commodity-based futures products saw a significant increase amid rising tensions in the Middle East. More recently, volume for stock-related products has also been growing, driven by positive sentiment in U.S. and Asian stock markets.

The South Korean government plans to establish a permanent task force to combat illegal foreign exchange transactions, Digital Asset reported. The move follows the National Intelligence Service's discovery of a domestic company illicitly transferring foreign currency abroad using cryptocurrency. During a related meeting, officials discussed a case in which a firm disguised client funds as trade payments to send abroad, purchased digital assets, and then brought them back to South Korea to cash out into won. The inter-agency response team will now focus on investigating the company for concealing overseas assets and forging trade invoices.

Hong Kong's Securities and Futures Commission (SFC) has announced that firms holding a Hong Kong license can continue to serve their existing Chinese clients. The regulator added that these firms may also open new accounts for Chinese customers, provided they meet certain requirements. However, all services must be offered from outside mainland China. The SFC also issues licenses for Virtual Asset Trading Platforms (VATPs), with OSL and HashKey among the current license holders.

Binance has recorded a net inflow of approximately 223 million USDT over the past 24 hours, according to data from CoinGlass. Stablecoin deposits onto exchanges are generally interpreted as a signal of intent to buy crypto assets.

KB Kookmin Bank has become the first bank in South Korea to issue a blockchain-based U.S. dollar digital bond, Yonhap News reported on June 10. Digital bonds utilize blockchain technology to manage their entire lifecycle, including issuance, registration, trading, and settlement, which can shorten settlement times and enhance operational efficiency. The bond, with a two-year maturity, was issued for $100 million with HSBC acting as the sole lead manager. It was issued via HSBC's digital asset platform, HSBC Orion, and is linked to the clearing and settlement system operated by the Central Moneymarkets Unit (CMU) under the Hong Kong Monetary Authority (HKMA).

Fiat-crypto payment solution Alchemy Pay (ACH) announced today via its official blog that it has secured a Money Transmitter License (MTL) in the U.S. state of Maine. With this latest approval, Alchemy Pay now holds money transmitter licenses in 17 U.S. states.

According to CryptoQuant contributor Woominkyu, the exchange whale ratio surged to 61.6% when Bitcoin formed a short-term bottom between $60,000 and $61,000. He assessed that this indicates whales completely absorbed the volume from panic sellers.

New York State plans to align its stablecoin regulations with the GENIUS Act, according to a report from Solid Intel.

DOGE whales have added over 200 million DOGE to their holdings in the past week, according to on-chain analyst Ali Martinez, bringing their total holdings to 18.84 billion DOGE. However, this on-chain accumulation stands in stark contrast to the dismal performance of institutional investment vehicles for the cryptocurrency. The three spot Dogecoin ETFs, which launched in November 2025, have attracted a meager $12.44 million in cumulative inflows to date. Notably, since May 19, these funds have recorded zero net inflows on all but a single day.

Three anonymous whale addresses have withdrawn a total of $122.29 million worth of ETH from FalconX and Kraken, according to on-chain analysis platform Arkham (ARKM). Two of the addresses are new, with this withdrawal marking their first transaction. Arkham noted on its official X account that the one whale with a prior purchase history is currently sitting on an unrealized loss of $9.1 million from its past buys. The platform added that this address could potentially belong to Bitmine, a publicly listed company that strategically accumulates ETH.

Prediction market Kalshi has announced and immediately implemented three new measures to enhance market integrity. These include a new risk-scoring system for listed markets, employment information verification for traders in high-risk markets, and strengthened whistleblower tools across the platform. According to BeInCrypto, all proposed markets will now be assigned a risk score based on six weighted factors, such as corporate KPI risk, regulatory compliance, and non-traditional insider risk. For markets deemed to have a high risk of insider trading or manipulation, traders must submit their employment information before placing a trade. Kalshi will use this data to pre-screen for potential insiders and block their transactions.

Eclipse (ES), which has been placed on the delisting watchlists of South Korean exchanges Bithumb and Coinone, has announced an update to its tokenomics. The total supply of ES will remain fixed at 100 million tokens. Under the new model, 47% of the supply is allocated to early investors and contributors, with the remaining 53% designated for the ecosystem and market liquidity. The Eclipse Foundation also stated that it has already sold some of its assets to fund project operations and maintain development speed. However, the foundation did not disclose the specific amount or scale of the sale, raising concerns about transparency.

Blockchain analysis firm Chainalysis announced on its official blog yesterday that it is expanding its cooperation with South Korea's National Police Agency to enhance the crackdown on cryptocurrency crime. The announcement follows the signing of a memorandum of understanding (MOU) between the two parties on April 22. Chainalysis identified responding to North Korea-linked cryptocurrency attacks as one of the key drivers behind the agreement. However, in an interview with Cointelegraph, Ryan Kwon, Chainalysis's head for Korea, clarified that the partnership is not designed with only one specific threat in mind, despite the importance of North Korea-related attacks to national security. He stated that the core objective is to enhance the overall capabilities of law enforcement agencies.

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