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Major exchanges have seen $105 million worth of futures liquidated in the past hour. In the past 24 hours, $1,378 million worth of futures have been liquidated.

The U.S. Securities and Exchange Commission (SEC) announced it is coordinating regulatory policy with the Commodity Futures Trading Commission (CFTC) on security token trading. The two agencies are collaborating to evaluate numerous proposals for new innovative products and are jointly assessing areas in their respective rulebooks that lack clarity or are incompatible. Additionally, they plan to distinguish between investment and gambling and will seek to block the provision of excessive leverage to the public.

A total of $547 million in ETH long positions on DeFi platforms are at risk of liquidation, Lookonchain reported. This involves 343,075 ETH, with key liquidation points at $1,565.72 ($74.7 million), $1,555.04 ($92.9 million), $1,426.31 ($159 million), and $1,361.73 ($220 million). Separately, Spot On Chain noted that structural selling pressure is building, identifying the $1,555–$1,566 range as an immediate critical threshold. A drop below this zone could trigger a cascading decline to the $1,426 support level, the firm added.

Real-world asset tokenization infrastructure firm Securitize announced it has cleared a final hurdle for its listing on the New York Stock Exchange (NYSE). The U.S. Securities and Exchange Commission (SEC) has declared effective the Form S-4 registration statement for the company's planned merger with Cantor Equity Partners II (Nasdaq: CEPT), a Special Purpose Acquisition Company (SPAC) affiliated with Cantor Fitzgerald. A special shareholders' meeting to approve the merger is scheduled for June 29. If the merger is approved, the combined entity, to be named Securitize Corp., will begin trading on the NYSE under the ticker 'SECZ'.

The CLARITY Act has been stalled ahead of a full U.S. Senate vote amid last-minute partisan disputes over its ethics provisions and anti-illicit finance mechanisms, CoinDesk reported. Senator Angela Alsobrooks (D-Md.) officially declared that she will not support the bill on the Senate floor until a complete agreement is reached on its ethical regulations, particularly those addressing potential conflicts of interest from President Donald Trump's cryptocurrency businesses, and other outstanding issues.

The Nasdaq index is down 2% in intraday trading.

Bitmine, which is facing approximately 15 trillion won (about $11.5 billion) in losses from its ETH investments, has expanded its planned preferred stock offering to raise additional capital, Foresight News reported. The company will increase its Series A perpetual preferred stock offering from three million to 3.5 million shares, aiming to raise around $273.8 million. The funds are slated for purchasing ETH and making other strategic investments.

Zcash has announced it will introduce a new audit method to verify the total supply of its Orchard asset pool following a recent security patch. The company stated that it plans to release specific details and an implementation plan for the verification process later today. This measure is intended to reconfirm the integrity of the asset pool and the accuracy of its supply after the system update.

A whale that had been dormant for five years is now at risk of having its $168 million ETH long position liquidated, according to on-chain analyst ai_9684xtpa. The investor began accumulating the position four months ago. The liquidation prices for the two associated addresses are $1,555.04 and $1,565.72.

According to Lookonchain, an address related to BIT (formerly Matrixport) has deposited an additional 5.84 million USDC to reduce its liquidation risk as the unrealized loss on its 120,000 ETH long position has grown to around $78 million. The current ETH liquidation prices for the four whale addresses are now $1,414, $1,366, $1,360, and $1,309, respectively.

Bitmine (BMNR) is facing an unrealized loss of over $10.16 billion (15.7 trillion won) from its Ethereum purchases, according to Solid Intel. The company currently holds 5.42 million ETH.

A whale who took out a leveraged loan on Aave to open a 58,000 ETH ($93.66 million) long position faces liquidation if the price of ETH falls to $1,555, according to EmberCN. Data from CoinMarketCap shows ETH is currently trading at $1,597, down 9.99%.

Major exchanges have seen $212 million worth of futures liquidated in the past hour. In the past 24 hours, $1,281 million worth of futures have been liquidated.

Patrick Harker, President of the Federal Reserve Bank of Philadelphia, said it is appropriate to hold interest rates steady for now. He added, however, that if recent inflationary trends persist, further policy action may be necessary soon to counter high inflation.

MicroStrategy (MSTR) stock is down more than 7% in intraday trading.

Major exchanges have seen $110 million worth of futures liquidated in the past hour. In the past 24 hours, $1,191 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $61,000. BTC is trading at $60,963.1 on the Binance USDT market.

The full text of H.R.8957, the Modernizing America's Reserve Assets Act (ARMA), has been published on the official U.S. Congress website. The bill was introduced on May 21 by Rep. Nicholas Begich of Alaska and has been referred to the House Financial Services Committee for review. The legislation's core proposal is for the Treasury Department to incorporate Bitcoin obtained through criminal and civil forfeitures into a strategic reserve. These assets would be required to be held for a minimum of 20 years, with sales or disposals prohibited during that time. The bill also mandates a quarterly proof-of-reserves mechanism, independent third-party audits, and allows state governments to voluntarily deposit Bitcoin into separate accounts within the Federal Reserve. A forward-looking provision requires the Treasury and Commerce Departments to jointly study viable paths to increase the nation's Bitcoin holdings within 180 days, without additional appropriations. Potential methods include converting non-Bitcoin digital assets, using forfeited assets, accepting voluntary donations, utilizing tax and tariff revenue, or employing Federal Reserve or gold certificate mechanisms. Additionally, any assets from hard forks or airdrops on government-managed addresses would be subject to a five-year sales ban. After this period, their market value would be assessed, with only the most valuable mainstream asset retained and the remainder sold, with proceeds going to the Treasury. Analysts noted that compared to the previous "BITCOIN Act," which called for the purchase of one million Bitcoin, the new bill is more moderate and has a higher chance of political feasibility. They also observed that it leaves open the possibility for the federal government to purchase more Bitcoin in the future.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.67% - Nasdaq: -1.15% - Dow Jones: +0.10%

Greece's Ministry of Finance is preparing a bill to impose a 15% capital gains tax on cryptocurrencies, Reuters reported. The legislation is scheduled to be submitted to parliament for review in the coming months. According to the plan, profits up to €500 per taxpayer will be tax-exempt. While individual mining activities will be excluded from taxation, mining companies registered as corporate entities will be taxed. Greece currently lacks a tax framework for cryptocurrencies. Tax rates on crypto assets among European Union (EU) member states range from 8% in Cyprus to 30% in France. A Greek government official noted that it is difficult to calculate the size of the domestic crypto market and forecast specific tax revenues at this time, as most local investors use overseas platforms.

Nick Timiraos, a Wall Street Journal (WSJ) reporter often described as the Fed whisperer, stated that the latest non-farm payroll data has virtually eliminated the case for a near-term interest rate cut, assessing that the hiring boom has regained vitality. He argued that the re-acceleration of the job market will give Federal Reserve (Fed) officials concerned about inflation grounds to argue that the current policy stance is insufficient to curb price pressures. Timiraos added that while this jobs report does not entirely settle the debate over the extent of further rate hikes this year, it has solidified the view that there is no reason to cut rates for the time being.

The UK's Financial Conduct Authority (FCA) has flagged Hyperliquid (HYPE) and the Hyper Foundation as potentially offering unlicensed financial services, placing them on its investor warning list, Decrypt reported. The regulator stated that Hyperliquid, the Hyper Foundation, their protocol applications, and associated social media channels may be providing or promoting financial products or services in the UK without the necessary authorization. As a result, the FCA has advised investors to avoid transacting with these platforms.

White House National Economic Council (NEC) Chairman Kevin Hassett stated that the Federal Reserve should not raise interest rates and has room to lower them. He emphasized that the Fed has consistently been behind the curve, adding that there remains significant room for rate cuts.

Qiao Wang, co-founder of Alliance DAO, stated that Zcash (ZEC) is in a situation similar to that of early Bitcoin. On X, he explained that ZEC currently evokes the same feeling as Bitcoin in its initial stages, with top-tier developers writing its code while many critics misunderstand the project. Wang added that while ZEC continues to face various vulnerabilities, uncertainties, and high volatility, its structure offers the potential for substantial returns upon success. This commentary comes as ZEC has fallen sharply today, with selling pressure intensifying following the disclosure of a security vulnerability that could potentially lead to infinite inflation. According to CoinMarketCap, ZEC is currently trading at $318.76, down 40.27%.

Chun Wang, founder of F2Pool, a major crypto mining pool with Chinese roots, appears to be buying the dip in ETH, EmberCN reported. An address associated with Wang withdrew 9,719 ETH ($16.16 million) from Binance a short while ago and subsequently deposited the entire amount into the DeFi lending protocol Spark.