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TONCOIN has fallen by 4.51% in the past five minutes on the COINNESS market. Currently, TONCOIN is trading at $2,455.

South Korean crypto exchange Upbit announced that it will list PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP for trading against BTC and USDT at 6:00 a.m. UTC on June 19.

Prediction market Kalshi has surpassed $2 billion in annual revenue and has begun discussions with several investment banks about a potential IPO, The Information reported. The revenue growth is attributed to increased betting on the outcomes of events like U.S. National Basketball Association (NBA) games and the World Cup. Kalshi is reportedly in informal talks with multiple financial institutions for IPO advisory services and is requiring any investment bank wishing to join its advisory team to integrate with the Kalshi platform's system.

Bitcoin remains in a sell-off risk zone, while the altcoin market has entered a phase of suppressed momentum, according to an analysis by Altcoin Vector, Swissblock's altcoin-focused X account. The firm noted that both upward and downward momentum indicators are currently low. While there is no strong correction pressure across the market, there is also a lack of new catalysts for a rally. In such phases, altcoins often trade sideways, exhibit increased volatility, or continue a gradual decline. However, the analysis pointed out that historically, a period of suppressed momentum is often followed by a strong upward surge. This rebound typically occurs after Bitcoin's risk index exits the sell-off zone and selling pressure subsides. Until then, the upward momentum for altcoins is likely to remain limited.

Israeli artillery units have again attacked the Rahbeh area in Nabatieh, southern Lebanon, according to reports from Iranian media outlets such as Mehr News Agency, IRNA, and Fars News Agency. Sources on the ground reported fierce clashes between Hezbollah and Israeli forces on several fronts in southern Lebanon. Hezbollah claims to have destroyed at least five military vehicles, while four Israeli helicopters were reportedly deployed to the area to evacuate wounded soldiers.

Strive CEO Matt Cole stated on X that the recent intraday price drop in Strategy's (MSTR) preferred stock, STRC, and Strive's (ASST) preferred stock, SATA, was a temporary event driven by a cascade of leverage liquidations rather than a fundamental decline in the assets' credit quality. On June 18, STRC briefly plummeted to $82.5, while SATA fell into the low $90s. Cole explained that the volatility was the result of forced liquidations of investors who had taken on excessive leverage using the assets as collateral. He drew a parallel to past cases where hedge funds using highly leveraged positions with U.S. Treasuries went bankrupt, emphasizing that the underlying collateral's value was not impaired. He stressed that Strive's dividend reserves are being maintained and that there is no disruption to the company's ability to meet its dividend obligations or its long-term strategy. SATA is a preferred stock similar to STRC, issuing new shares to buy BTC when its price exceeds a face value of $100. Unlike STRC, which pays dividends twice a month, SATA reportedly provides dividends every business day.

Amid its recent rally, SK Hynix's market capitalization has surpassed that of Bitcoin. According to data from Infinite Market Cap, SK Hynix's market cap is $1.297 trillion, ranking it 17th among all asset classes. Bitcoin has fallen to 19th place with a market cap of $1.261 trillion, also trailing Micron, which is ranked 18th at $1.278 trillion. Meanwhile, Samsung Electronics is ranked 13th with a market cap of $1.579 trillion, placing it ahead of Tesla's $1.504 trillion at 14th.

Bank of Japan (BOJ) Deputy Governor Ryozo Himino said the central bank will continue to pursue further interest rate hikes.

CoinMarketCap's Altcoin Season Index has dropped two points from the previous day to 47. The index compares the performance of the top 100 coins, excluding stablecoins and wrapped tokens, against Bitcoin over the last 90 days. An altcoin season is declared when 75% of these top coins outperform Bitcoin over that period. The opposite scenario is considered a Bitcoin season. A score closer to 100 signifies a stronger altcoin season.

Transactions of less than 0.01 BTC now account for approximately 80% of the Bitcoin network's daily transaction volume, reaching its highest level in several years, on-chain analyst Julio Moreno noted in a CryptoQuant contribution. This figure represents a significant increase from around 44% in 2023. Moreno attributed the recent surge in small-scale transactions to the growing activity of protocols like Runes, Ordinals, and BRC-20, which utilize OP_RETURN. He explained that the accumulation of micro-transactions generated by these protocols is rapidly boosting their share of the total transaction count.

Two whale addresses suspected of belonging to the same owner—starting with 0x07b3c and 0xB5b36—have sold 11,888 ETH ($20.28 million) on CoW Protocol at an average price of $1,706, according to Onchain Lens.

Bitcoin options with a notional value of $1.92 billion are set to expire at 8:00 a.m. UTC today, June 19, according to data from crypto options exchange Deribit. The put/call ratio stands at 0.78, with a max pain price—the level at which the most option holders would see their contracts expire worthless—of $65,000. At the same time, $234 million in Ethereum options will also expire. The put/call ratio for ETH is 1.04, and its max pain price is $1,725.

The spot Cumulative Volume Delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The upper section shows a volume heatmap, while the lower section displays the CVD. - The volume heatmap at the top tracks the scale of trading volume at specific price levels. The background color brightens when the price lingers in a particular range or experiences a significant move. These brighter areas can potentially act as support or resistance levels. - The CVD indicator at the bottom 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 Crypto Fear & Greed Index from data provider Alternative stands at 20, unchanged from yesterday, indicating continued fear in the market. The index ranges from 0, representing extreme fear, to 100, signifying extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

The stock price of SK Hynix, the second-largest company by market capitalization in South Korea, has surpassed the price of Ethereum (ETH) in the local currency. SK Hynix shares opened today at 2.822 million won, up 5.1%, exceeding the opening price of ETH at 2.581 million won. As of this writing, ETH is trading at 2.58 million won on South Korean exchange Upbit, down 0.04% from yesterday.

Prediction market Polymarket is forecasting a 24% chance of victory for South Korea in its second World Cup Group A match against Mexico, scheduled for 1:00 a.m. UTC on June 19. The platform gives Mexico a 48% chance of winning, with a 30% probability of a draw. Current betting volume on the match has reached $12.86 million. Meanwhile, the South Korean national team, led by Coach Hong Myung-bo, has opted for a 3-4-2-1 formation, the same lineup used in its previous game against the Czech Republic.

Garrett Jin, founder of the fraudulent cryptocurrency exchange BitForex, is currently facing a $16.8 million loss on a 5x leveraged long position of 1,268 BTC, valued at $79.73 million, Onchain Lens reported. The position's average entry price is $76,117, with a liquidation price of $16,907. In contrast, Jin realized a $4.17 million profit from a previously held 2x leveraged long position in ZEC.

A bipartisan group of U.S. congressional negotiators is scheduled to meet next week to finalize key points of the Clarity Act, a bill addressing crypto market structure, Punchbowl News reported.

Global asset manager Franklin Templeton has filed documents with the U.S. Securities and Exchange Commission (SEC) to launch two ETFs that will reinvest dividends into Bitcoin (BTC), Unfolded reported.

Renaiss, a Real World Asset (RWA) liquidity infrastructure project on BNB Chain, has raised $1.5 million in a funding round led by YZi Labs, The Block reported. The round also saw participation from Gate Ventures, Hash Global, XIN Family, Redline Labs, and individuals associated with Mask Network. Renaiss is building an RWA infrastructure to connect physical collectibles with the blockchain. Through its proprietary RenaissOS system, the project aims to convert independent custodians and card shops into on-chain verification nodes, utilizing multi-signature technology to support the verification of the custody status of these physical assets.

Jamie Coutts, a crypto market analyst at Real Vision, has suggested that the recent decline in Bitcoin is more likely influenced by the Saylor Vortex than by the strength of the U.S. dollar. The term refers to the structure through which Strategy raises funds by issuing preferred stock and convertible notes to repeatedly purchase Bitcoin. Coutts explained that while the Dollar Index (DXY) surpassed the 100.5 level—often seen as a headwind for risk assets—the MOVE index, which measures U.S. Treasury bond volatility, declined, and the stock market continued its upward trend. He argued that Bitcoin's weakness may stem from market structural issues surrounding Strategy (STMR) rather than macroeconomic variables. Previously, The Block reported that STRC is trading below its face value, leading Strategy to halt its at-the-market (ATM) program for the preferred shares.

MicroStrategy (MSTR) has halted its at-the-market (ATM) offering program for its perpetual preferred stock, STRC, amid the stock's continued weakness, The Block reported. STRC fell to an intraday low of $82.50 before closing at $88.59. The preferred stock was designed with a par value of $100 and currently offers an annualized dividend yield of 12.9%. Meanwhile, TD Cowen maintained its buy rating on both MicroStrategy's common stock (MSTR) and its preferred shares, including STRC. The firm's report noted that MicroStrategy is evolving beyond a simple proxy for Bitcoin investment into a Bitcoin capital markets platform.

Morgan Stanley has submitted amended filings for its Ethereum (ETH) and Solana (SOL) ETFs, according to Bloomberg ETF analyst James Seyffart.

Custodia and Vantage Bank have proposed a token model that enables automatic conversion between bank deposits and stablecoins, Cointelegraph reported. According to a white paper, the token is treated as a bank deposit within a consortium of participating banks. When moved outside this "Hazel" network, it converts into a stablecoin backed by cash and short-term U.S. Treasurys. The two firms explained that the system has been operating on the Ethereum (ETH) network since March and is currently being tested with participating banks, with a full launch targeted for later this year. Meanwhile, The Wall Street Journal (WSJ) recently reported that The Clearing House, a payments network operator owned by firms including JPMorgan, Bank of America, and Citigroup, is also pursuing the launch of a deposit token network in the first half of 2027.

Bitcoin mining stocks with exposure to the AI data center business have surged after the Public Utility Commission of Texas (PUC) approved a new framework to reform the grid connection process for large power consumers, The Block reported. Cipher Digital jumped more than 10% to a new all-time high, while Core Scientific and Riot Platforms rose over 3% and 2%, respectively. The outlet noted that Bitcoin miners, which have spent years building large-scale power infrastructure across Texas, are now expanding into AI and high-performance computing (HPC). The streamlined grid connection process could be a positive development for these companies as they grow their data center operations.