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Amid short-term downward pressure on Bitcoin, prominent crypto analyst Michaël van de Poppe said on X that on-chain indicators are flashing buy signals. He noted that Bitcoin's daily and two-week Relative Strength Index (RSI) has reached historically low levels, suggesting that now is the best time to purchase the asset.

Decentralized satellite internet project SpaceCoin (SPACE) announced the start of public testing for SpaceRouter Onion, its next-generation decentralized private internet architecture. The network is designed to route user browsing traffic through a path of three independent relay nodes, ensuring that no single point can simultaneously know both the user's identity and their destination. During this process, traffic is protected by multiple layers of encryption, with each node only able to access the partial information it requires. All nodes utilize a Creditcoin (CTC)-based on-chain registration and verification system to validate reliability without a central authority. SpaceCoin explained that the project aims to achieve online privacy by fundamentally redesigning internet communication architecture itself, rather than merely changing settings.

The real-world asset (RWA) tokenization market has grown by approximately 589% from the beginning of 2025 to June 2026, Binance reported. Bonds and money market funds (MMFs) have led this expansion in dollar terms, with firms like BlackRock, Fidelity, Circle, and Ondo (ONDO) continuing to enter the space. The public equity sector experienced particularly sharp growth, expanding by 422%. Additionally, the market for more exotic RWAs, from reinsurance to GPU tokens, grew by 72%, indicating a diversification beyond a structure centered on government bonds.

Wasabi Card co-founder and CEO Ray Yang believes the failure of stablecoins to replace traditional payment systems stems more from regulatory and financial infrastructure issues than from technical limitations, Forbes reported. He noted that while the technology for moving funds is no longer the core problem, critical elements like licensing, compliance, risk management, and banking capabilities are now more important. Yang explained that although stablecoins can process cross-border transfers in near real-time, a significant portion of their current transaction volume originates from within the crypto ecosystem itself, including trading, arbitrage, and inter-protocol settlements. He concluded that for stablecoins to become a viable infrastructure for corporate payments, achieving regulatory compliance and building out the necessary financial infrastructure are more crucial than the underlying technology, which has already proven its capacity for large-scale transfers.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for Canton (CC) to support a network upgrade. The suspension is effective from the time of the announcement.

The U.S. Commodity Futures Trading Commission (CFTC) has scrapped its plan to move to a smaller headquarters, instead extending its current Washington office lease for five years. According to Bloomberg, the CFTC explained that it needs the space to hire additional staff to respond to industry growth and innovation, noting the current office can accommodate about 100 new employees. Bloomberg reported that the move comes as the CFTC seeks to strengthen its oversight of prediction markets. The agency is also expected to become the primary regulator for the broader crypto industry if Congress passes a digital asset market structure bill.

CoinMarketCap's Altcoin Season Index has risen one point from yesterday to 46. The index measures market sentiment by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped coins, against Bitcoin over the past 90 days. The market is considered to be in an altcoin season when 75% of these top coins outperform Bitcoin during this period, while the opposite indicates a bitcoin season. A score closer to 100 suggests the market is in an altcoin season.

U.S. administration officials are set to meet with law enforcement representatives at the White House on June 10 to address concerns over certain provisions of the CLARITY Act, reported Eleanor Terrett, host of Crypto in America, citing sources. According to Terrett, the central issue is that developer protection clauses, which originate from the Blockchain Regulatory Certainty Act (BRCA), could complicate efforts to crack down on illicit funds. This matter, along with ethics regulations, is considered a key obstacle that must be resolved before the CLARITY Act can be brought to the Senate floor. She added that some Democratic lawmakers have indicated they will not support the bill until they are satisfied that law enforcement's concerns have been fully addressed.

An address associated with the Hyperliquid ETF (BHYP), operated by Bitwise, deposited 50,480 HYPE ($3.28 million) to FalconX nine hours ago, Onchain Lens reported. According to Arkham data, the address currently holds 61,699 HYPE ($3.84 million).

BitMEX co-founder Arthur Hayes warned in a blog post titled "Reality Test" that rising oil prices from a U.S.-Iran conflict could trigger a collapse of the artificial intelligence (AI) stock bubble and a subsequent downturn in the crypto market. Hayes suggested that if restrictions on passage through the Strait of Hormuz continue beyond the second quarter, spot prices for crude oil and major commodities could rise in the third quarter. He argued that a surge in oil prices could fuel inflation, making it a key issue in the U.S. midterm elections and potentially prompting President Donald Trump to tighten regulations and taxes on data center investments and the AI industry. According to Hayes, the AI stock bubble could burst as markets begin to price in these potential restrictions. He added that while he continues to hold his Bitcoin (BTC) and Ethereum (ETH), he plans to use derivatives for tactical short positions if this scenario materializes.

A hacker has stolen over $20 million from Humanity (H) token holders, on-chain analyst Specter reported. Of the stolen funds, $9 million has been swapped for ETH. The resulting selling pressure has caused the price of H to plummet 88% over the past 24 hours, now trading at $0.08257.

Saif Faiq, an accomplice in a 2024 kidnapping case related to BTC, has pleaded guilty, the U.S. Department of Justice (DOJ) announced. According to The Block, he faces a maximum sentence of 20 years in prison, with sentencing scheduled for Aug. 28. Faiq and his brother, Adam Iza, conspired to kidnap the parents of a wealthy crypto figure for ransom, stole the victim's Lamborghini, and assaulted and detained the victim.

Prominent Bitcoin critic Peter Schiff, CEO of Euro Pacific Capital, has claimed that the capital-raising structure for Strategy (MSTR) has collapsed. In a post on X, Schiff noted that the company's preferred stock, STRC, is trading below its $100 par value, while the MSTR share price has fallen below the level at which new issuance would enhance shareholder value. He argued that selling either stock to purchase BTC would destroy shareholder value. According to Schiff, the rational choice would be to sell BTC to buy back the company's discounted shares, but he believes Strategy founder Michael Saylor is unable to do so.

According to Onchain Lens, an anonymous whale deposited $132.16 million in USDC and USDT as collateral on the crypto lending protocol Aave V3. The whale then borrowed 35,001 ETH, deposited the funds to Binance, and sold the entire amount. Onchain Lens suggested this move was likely a short-selling strategy.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,990.64 on the Binance USDT market.

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

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

Goldman Sachs has completely withdrawn its forecast for a Federal Reserve rate cut this year, citing stronger-than-expected U.S. employment data for May, Crypto Briefing reported. The bank has postponed its projection for the first rate cut to June 2027. The outlet added that such a prolonged high-interest-rate environment could shrink liquidity across financial markets, potentially putting downward pressure on risk assets, including cryptocurrencies and DeFi protocols.

Whale Alert reported that 247,999,999 USDC has been transferred from USDC Treasury to Coinbase Institutional. The transaction is valued at about $248 million.

Whale Alert reported that 250,000,000 USDC has been transferred from Ethena to an unknown wallet. The transaction is valued at about $250 million.

Layer 1 blockchain Sui (SUI) announced on June 8 that it has launched a beta version of its confidential transfer feature on its developer testnet, Devnet. According to the announcement, asset transfers using the feature will have their amounts and balances kept private, with limited access rights granted to ensure regulatory compliance and auditability. Sui compared current blockchains to sending money with the amount written on the outside of an envelope for anyone to see. With the new feature, however, the amount inside the envelope remains undisclosed. The sender determines who can view the transaction details, allowing for selective disclosure, the project explained.

Former U.S. Secretary of Defense Lloyd Austin stated that while the U.S. Navy is capable of reopening the Strait of Hormuz, allied participation would be essential to maintain the key oil and gas shipping route long-term due to the immense costs involved. Austin, who served as Secretary of Defense in the Biden administration, affirmed the U.S. Navy's ability to open the strait but noted that keeping it open would entail significant expense, requiring joint participation from the international community. He emphasized that allies and partners must contribute to the effort, stressing that freedom of navigation is crucial not only for the United States but for the entire world. Austin also identified Israel's ongoing attacks on Hezbollah in Lebanon as one of the main obstacles to broader diplomatic efforts to end the war, adding that he hopes for a de-escalation of tensions to allow negotiations to continue.

The chief technology officer (CTO) of hardware wallet firm Ledger has argued that the significant costs required to comply with the European Union's Markets in Crypto-Assets (MiCA) regulation are hindering Web3 innovation. In an interview with CoinDesk, he stated that these compliance costs create a high financial barrier, stifling technological progress for early-stage companies. The CTO highlighted that startups struggle to afford expenses such as advisory services, operational overhead, legal and audit fees, insurance, and infrastructure development. He emphasized that this regulatory environment ultimately favors large financial institutions.

While Aave founder Stani Kulechov touted the resilience of decentralized finance in the wake of the KelpDAO hack in April, the incident actually exposed serious flaws in the lending protocol's risk management system, CoinDesk reported. The outlet noted that the attacker used KelpDAO's LayerZero bridge to steal $292 million in cryptocurrency, triggering a bank run on Aave that saw $8.45 billion withdrawn over 48 hours. Although Aave subsequently overcame the crisis with a $300 million emergency bailout, Kulechov's claims of resilience appear limited. Aave plans to address these system risks with its upcoming V4 upgrade.

Israeli Prime Minister Benjamin Netanyahu has announced a temporary suspension of attacks on Iran. In an ongoing speech, he stated that Iran and Hezbollah are attempting to impose an unacceptable situation on Israel, but that Israel is currently exercising restraint. Netanyahu added that while Iran and Lebanon's Hezbollah are weaker than ever, the war against them is not yet over. He warned that if Iran makes another mistake, Israel will respond with overwhelming force.