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Garrett Jin, founder of the fraudulent cryptocurrency exchange BitForex, is currently facing an unrealized loss of $21.12 million on a 5x leveraged long position of 1,268.33 BTC, according to data from ai_9684xtpa. The position's average entry price is $76,117, with a liquidation price of $16,962. The account noted that due to the very low liquidation price, there appears to be virtually no risk of liquidation.

BTC has risen by 1.67% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $60,348.78.

According to CoinNess market monitoring, BTC has risen above $60,000. BTC is trading at $60,139.14 on the Binance USDT market.

An address linked to BIT (formerly Matrixport) is facing an unrealized loss of over $92.5 million on its long positions in BTC and ETH amid a drop in ETH's price below $1,600, according to Lookonchain. The address currently holds 120,000 ETH, valued at approximately $187 million, and 500 BTC, valued at $29.33 million. The combined paper loss on these assets has now surpassed $92.5 million.

Major exchanges have seen $576 million worth of futures liquidated in the past hour. In the past 24 hours, $1,424 million worth of futures have been liquidated.

Strike founder and Twenty One Capital CEO Jack Mallers has pushed back against a claim from Barstool Sports founder Dave Portnoy that Bitcoin (BTC) "looks like it's going to $0" amid its temporary dip below $60,000. Writing on X, Mallers argued that BTC has faced predictions of its demise throughout multiple crises over the past 13 years, including the collapse of Mt. Gox and the bankruptcy of FTX, yet has grown into an asset with a market capitalization of over $1 trillion. He added that BTC was his most valuable investment over that period. Mallers stated that Bitcoin does not require anyone's opinion or permission and that investing with conviction is a personal choice. He concluded that if one believes governments will not continue to devalue their currencies, they should sell all their BTC.

Bybit announced that it will list CAP for spot trading at 1:00 p.m. UTC on June 26.

Major exchanges have seen $464 million worth of futures liquidated in the past hour. In the past 24 hours, $1,312 million worth of futures have been liquidated.

Bitcoin has fallen below 90 million won on South Korean exchange Upbit.

Major exchanges have seen $233 million worth of futures liquidated in the past hour. In the past 24 hours, $1,088 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $59,000. BTC is trading at $58,948.92 on the Binance USDT market.

Shares of MicroStrategy (Nasdaq: MSTR), the largest corporate holder of Bitcoin, have fallen below $90 for the first time since February 2024.

The Nasdaq 100 index has turned negative, erasing all of its earlier intraday gains, which had reached as high as 2.1%.

Major exchanges have seen $106 million worth of futures liquidated in the past hour. In the past 24 hours, $963 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $60,000. BTC is trading at $59,984.1 on the Binance USDT market.

The three major U.S. stock indices opened higher today. - S&P 500: +0.63% - Nasdaq: +0.72% - Dow Jones: +0.60%

Weekly trading volume in prediction markets surpassed $14.4 billion for the first time last week, setting a new all-time high, according to a16z Crypto, citing data from Artemis. The figure is up from $5 billion to $6 billion at the start of the year and approximately $10 billion a week ago. Total platform volume has increased more than tenfold from a year ago, while open interest reached $1.6 billion, marking a record high for the third consecutive week. a16z Crypto explained that open interest only grows when new positions are opened faster than existing ones are closed, suggesting an increasing flow of capital into these markets. While trading related to the World Cup has garnered significant attention, non-sports categories such as politics, economics, geopolitics, and current events have also seen a rise in volume. Last week, the combined trading volume on Kalshi and Polymarket reached $3.6 billion.

The total assets under management (AUM) on Bstocks, Binance's stock tokenization platform, has surpassed $100 million, the company announced via its official Twitter account.

Binance founder Changpeng Zhao stated in an interview with CoinDesk that his prison sentence has been a positive factor for his business, rather than a hindrance, by solidifying trust with partners. CZ explained that once he clarifies to people that his conviction was for violating the Bank Secrecy Act and not for fraud, partners who understand the situation trust him even more than before. He conveyed that enduring this difficult period served as an opportunity to prove his character. He also admitted his past ignorance of U.S. regulations, adding that he should have learned sooner that U.S. law applies globally. Regarding his future, CZ made it clear he has no immediate intention of returning as Binance CEO. He described the role as time-consuming and demanding, stating that he is currently taking a break and believes his greatest contribution now is to help other entrepreneurs grow. He emphasized that he will focus on being an investor and advisor for the time being, noting that he is still energetic enough to accomplish many more things.

An international law enforcement effort, dubbed "Operation Endgame" and led by Europol with participation from private firms like Microsoft, has dismantled the infrastructure of three major malware families targeting cryptocurrency wallets and passwords: StealC, Amadey, and SocGholish. Authorities shut down 326 servers and 142 domains associated with the malware, which operated under a "cybercrime-as-a-service" model. They also froze €41 million (about $47 million) in crime-related cryptocurrency assets and recovered 27 million sets of login credentials leaked from infected devices. The operation is considered highly significant as it went beyond targeting individual threats to neutralize the entire supply and distribution chain of the malware.

The Rosen Law Firm, a U.S. firm specializing in investor lawsuits, is preparing a class-action lawsuit to recover losses for investors in Strategy (MSTR, STRF, STRC, STRK, STRD) securities, according to a Business Wire press release. The firm announced it is investigating whether Strategy published materially misleading business information that led to investor losses.

While Bitcoin futures have rebounded after falling as low as $58,995, downward pressure has also been evident in options for spot Bitcoin ETFs and MicroStrategy (MSTR), CNBC reported. Trading volume for options on BlackRock's spot Bitcoin ETF (IBIT) has surged to roughly double its 30-day average. Of the $187 million in total premiums traded, $144 million was for put options. Similarly, put trading in MicroStrategy options has outpaced call trading, with investors buying puts while simultaneously selling calls. This suggests that investors are pricing the risk of a Bitcoin price decline into not only spot ETFs like IBIT but also into the stock of major corporate BTC holder MicroStrategy.

With bearish bets in the Bitcoin (BTC) options market becoming overheated, a lower-than-expected U.S. Core Personal Consumption Expenditures (PCE) price index for May could quickly reverse sentiment, CoinDesk reported. The one-week BTC options skew shows put option premiums are about 25 points higher than those for call options, indicating that investors are paying more to hedge against declines. A similar peak in put options occurred in early February, at which time BTC formed a short-term bottom just above $60,000. While the May Core PCE is forecast to rise 3.4% year-over-year, a lower actual figure would be seen as a sign of slowing inflation, weakening the case for further interest rate hikes, the analysis noted. In a related comment, former PIMCO CEO Mohamed El-Erian said the key is how well the upcoming data reflects the current inflation trend. He suggested that since the figures do not account for the recent drop in oil prices, future inflationary pressures are likely to ease.

Crypto security firm PeckShield has reported that the official X (formerly Twitter) account for Gnosis appears to have been hacked. The firm urged users to cease all interaction with the account and to avoid clicking on any posted links.

South Korean exchange Upbit has announced that it will suspend deposits and withdrawals for tokens on the Chiliz chain due to a network hard fork. The suspension will affect CHZ, PSG, JUV, ACM, AFC, ATM, BAR, CITY, INTER, NAP, and SPURS, starting at 3:00 a.m. UTC on June 30.