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An Ondo Finance (ONDO) team multisig address transferred 150 million ONDO, worth $49.56 million, to an anonymous address eight hours ago, according to on-chain analyst ai_9684xtpa. The analyst noted that this address receives large amounts of ONDO on a monthly basis. Since April 22, the address has received a total of 425 million ONDO, valued at approximately $147 million at current prices. While funds from the two previous large transfers were subsequently deposited to Coinbase in multiple transactions, the purpose of this latest transfer remains unconfirmed, ai_9684xtpa added.

Crypto-friendly U.S. Senator Cynthia Lummis stated on X that the United States will not hand over control of cryptocurrency. She drew a parallel to the internet, noting that the U.S. invented the technology and never ceded its control to other entities.

Bitcoin may be forming a market bottom, having closed above $63,000 on its weekly chart for three consecutive weeks since hitting a recent low of $59,000. According to an analysis, selling pressure appears to be easing, as BTC futures open interest (OI) has fallen 19.5% from its June high, while funding rates and net outflows from spot ETFs have also slowed. Additionally, the current weekly chart shows an RSI bullish divergence similar to the one seen during the market's upward reversal in late 2022 and early 2023. An increase in the supply held by long-term holders is also being interpreted as a bottom signal.

Zach Pandl, head of research at Grayscale, has suggested that Bitcoin (BTC) could rally if the Federal Reserve delays its interest rate hikes. He noted that while U.S. stocks have climbed 9% since the conflict in Iran began in late February, BTC has fallen 1% and gold has dropped 20%. Pandl explained that this relative underperformance from BTC and gold is due to the market pricing in the possibility of a Fed rate hike. He added that Grayscale's base case scenario is for the Fed to postpone any hikes. If this outlook proves correct, Pandl believes BTC's price could catch up to the gains seen in the U.S. stock market. He also described BTC as both a scarce digital asset serving as a long-term store of value and an investment vehicle for the growth of the cryptocurrency industry. Should the likelihood of a rate hike decrease, BTC would have a strong chance of matching stock market returns, he concluded.

Bitcoin financial strategy firm Nakamoto has announced it is closing its medical clinic business to transition into a full-fledged Bitcoin operating company. The company stated that clinic operations officially ceased on June 19, with all related administrative procedures expected to be finalized within the third quarter of this year. CEO David Bailey commented that the company has built a unique platform combining global Bitcoin media, asset management, and consulting services. He added that Nakamoto is now fully committed to expanding these operations and focusing on creating long-term shareholder value.

Hyperliquid trader James Wynn has been liquidated five more times over the past 24 hours. The liquidation price for his new BTC position is now $65,674.74.

Binance founder Zhao Changpeng said in a podcast that the investment boom in artificial intelligence (AI) could be a positive development for the cryptocurrency market. He predicted that the convergence of AI and crypto will become a key trend in the finance and technology industries, adding that the crypto market is here to stay and will continue to grow despite price fluctuations. Zhao noted that the current enthusiasm for AI investment is already having a favorable effect, with investors using crypto to access AI-related assets. This, in turn, is boosting trading activity and liquidity. He suggested that an era could arrive within the next few months where AI agents automatically handle payments and transactions using cryptocurrency. Just as the internet was not replaced by blockchain, AI will not replace it either, Zhao said, concluding that a significant portion of funds flowing into the AI market will eventually return to the blockchain ecosystem.

Polymarket has announced its selection as the exclusive prediction market partner for the Bundesliga in the U.S. market. The company stated that it will now exclusively offer official prediction markets on events related to the Bundesliga and its member clubs.

On-chain analyst EmberCN reported that two different whale addresses have established a total of $175 million in Bitcoin (BTC) long positions. According to EmberCN: - Address '0x50b' opened a long position of 1,654 BTC (approx. $105 million) at an average entry price of $64,130. It is currently at an unrealized loss of about $500,000, with a liquidation price of $59,076. - Address '0x7c4' built a long position of 1,100 BTC (approx. $70.2 million) at an average entry price of $64,508. It is currently showing an unrealized loss of about $750,000, with a liquidation price of $61,723. The analyst noted that both whales entered their large BTC long positions on the same day, suggesting they are betting on a potential rebound.

According to Onchain Lens, a wallet that had been dormant for about a year received 500 BTC (approximately $32.31 million) from BitGo. Additionally, Morgan Stanley purchased 166.24 BTC (approximately $10.74 million) from Coinbase, increasing its total holdings to 4,515 BTC (approximately $288 million).

Cryptocurrency payments firm MoonPay has acquired AI accounting startup Entendre, The Block reported. Entendre develops an AI-powered agent that automates financial tasks such as ledger reconciliation and closing for high-volume crypto and fintech companies. With this acquisition, its fifth this year, MoonPay plans to expand its business into financial operations.

While Ripple (XRP) continues to face downward pressure, it is showing signs of forming a bottom around the $1.1 mark, U.Today reported. The media outlet noted that XRP has been in a steady downtrend after breaking key support following months of consolidation. It lost the crucial $1.28 support level on the daily chart and fell as low as $1.05 without a significant rebound. Furthermore, XRP is trading below its 50, 100, and 200-day moving averages, which now act as firm resistance. However, a notable increase in trading volume during the recent plunge suggests that the market may have absorbed much of the selling pressure. With panic selling easing and the Relative Strength Index (RSI) moving out of oversold territory to attempt a rebound, the downward momentum appears to be weakening. If XRP can reclaim the $1.2 level, a rally toward $1.28 could follow. Conversely, a failure to do so could lead to a retest of recent lows, the analysis concluded.

On-chain prediction market and perpetual futures trading platform TurboFlow has raised $6 million in a seed funding round, The Block reported. The round was led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. The specific use of the funds was not disclosed. TurboFlow aims to become the "Kalshi" of the Asia-Pacific (APAC) region.

The hacker who exploited MEV bot operator Jaredfromsubway has laundered 2,000 ETH, worth approximately $3.44 million, through Tornado Cash, according to Onchain Lens. The attacker later sold 1,422 ETH in exchange for about 2,446,000 DAI. Jaredfromsubway had previously lost funds valued at around $7.5 million in a counter-MEV honeypot attack.

The Spot Cumulative Volume Delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The upper section displays a Volume Heatmap, while the lower section shows 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 certain range or experiences significant movement. Brighter-colored areas may act as potential support and 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. The yellow line tracks orders between $100 and $1,000, while the brown line represents large orders from $1 million to $10 million.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap stands at 21, unchanged from yesterday, indicating a continued state of 'Fear.' The index measures market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed). CoinMarketCap calculates its index based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

Bitcoin Standard Treasury (BSTR), a strategic Bitcoin accumulation firm, will hold a vote on June 26 to approve a merger with special purpose acquisition company (SPAC) Cantor Equity Partners I (CEPO) for a Nasdaq listing, Crypto Briefing reported. If approved, the company will trade under the ticker BSTR. Upon listing, BSTR will hold 30,021 BTC, ranking it fifth among publicly traded companies with similar strategies. The firm also plans to raise up to $1.5 billion through a private investment in public equity (PIPE) deal, with approximately $600 million of this to be secured through an in-kind contribution of 5,021 BTC rather than cash. The company aims to eventually increase its holdings to over 50,000 BTC. The company is led by CEO Adam Back, co-founder of Blockstream, and President Katherine Dowling, a former Bitwise executive.

The U.S. Senate has passed a housing affordability bill by a vote of 85 to five, which includes a provision to prohibit the issuance of a Central Bank Digital Currency (CBDC). The bill contains language that forbids the Federal Reserve from issuing a CBDC or any equivalent digital asset, either directly or through financial institutions. This prohibition is scheduled to remain in effect for approximately four years, until the end of 2030. During his confirmation hearing, Fed Chairman Kevin Warsh stated that a CBDC is a "bad policy choice." Additionally, President Donald Trump banned the executive branch from pursuing a CBDC through an executive order in January 2025. The bill will become law if it subsequently passes the House and is signed by President Trump.

Pro-crypto U.S. Senator Cynthia Lummis is urging Congress to pass the Clarity bill, arguing that regulatory uncertainty is driving cryptocurrency developers overseas. Lummis stated that the U.S. must establish a clear regulatory framework through the legislation to maintain its competitive edge in innovation.

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,918.79 on the Binance USDT market.

Data from CME FedWatch indicates a 63.7% probability that the Federal Reserve will hold its benchmark interest rate steady at the July Federal Open Market Committee (FOMC) meeting, with a 36.3% chance of a 25 basis point (0.25 p.p.) hike. Looking ahead to the September meeting, the probability of a rate hold is 26.1%, while the chance of a cumulative 25 bp hike stands at 52.2%.

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, has spoken favorably of Fed Chairman Kevin Warsh's approach to managing monetary policy. Goolsbee stated that Chairman Warsh is trying to reduce market speculation about the path of interest rates and scale back forward guidance. He added that he is in strong agreement with this approach.

Strategy CEO Phong Le announced that he has purchased $1 million worth of the company's perpetual preferred stock (STRC). He added that he plans to hold the shares until they reach their par value of $100.

Ophelia Snyder, co-founder of 21Shares, said that while tokenization solves real-world problems related to payment systems and asset movement, core financial infrastructure is not yet prepared for institutional-scale adoption. According to CoinDesk, she argued that although blockchain companies have largely addressed transaction throughput issues, they have not met the broader operational requirements of financial institutions. Snyder explained that the 24-hour trading of tokenized assets would require financial institutions to rethink their risk management frameworks. She also pointed out that many firms rely on third-party software providers whose systems are not adapted for blockchain-based transactions. Snyder believes that while these projects can work on a limited scale, they may struggle to handle the volume of U.S. capital markets, where she noted $1 billion is a trivial sum. She anticipates that the industry's biggest challenges will emerge as institutions move beyond pilot programs to full-scale business operations.

Jeff Walton, Chief Risk Officer (CRO) at Strive (ASST), has attributed the recent decline and subsequent rebound of the company's preferred stocks, STRC and SATA, to leverage liquidation and strong selling pressure rather than deteriorating credit quality. According to CoinDesk, on June 18, STRC fell to a low of $82.53 before bouncing back to around $90.50. Similarly, SATA's price dropped into the low $90s before recovering to approximately $98.59. Walton explained that the situation was more akin to a forced sale than a collapse in the DeFi market. He stated that holders selling the products triggered liquidations elsewhere in traditional financial markets and that he does not believe the issue originated from DeFi protocols. Walton added that such volatility is part of the maturation process for a new asset class.