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Talks between the United States and Iran are still ongoing, Fox News reported.

An anonymous whale address beginning with 0xebe has opened a $49.55 million, 5x leveraged long position in BTC on Hyperliquid (HYPE), Onchain Lens reported. The position has an entry price of $61,308 and a liquidation price of $49,704. The same address previously lost over $3.4 million in trading and is currently showing an unrealized loss of more than $260,000 on this new position.

Bitcoin mining company Kiln Infrastructure (KEEL) announced the completion of a $458 million convertible note offering. The notes, which mature in 2032, carry an annual interest rate of 1.25%. The conversion price is set at $7.41, a 25% premium over the company's closing stock price of $5.93 on June 4. The funds raised will be used to accelerate the development of its data centers.

Token offerings through Initial Exchange Offerings (IEOs), Initial Coin Offerings (ICOs), and Initial DEX Offerings (IDOs) raised only $58 million in the second quarter of this year, marking the worst quarter in the last five years, CryptoRank reported on X. This figure represents an 85% decrease from the previous quarter. The number of offerings also plummeted by 65%, from 105 in the first quarter to 37 in the second. May saw only 13 token sales, the lowest monthly total since December 2020, which had four. The fundraising market has been in a steady decline since its peak in the first quarter of 2025, when it raised approximately $849 million across 429 offerings.

U.S. equipment finance company Trad.Fi plans to tokenize up to $650 million in equipment loan receivables on-chain over the next four years, Cointelegraph reported. The tokenization will be conducted on the Base, Arch, and Avalanche chains using infrastructure from W3, an AI-powered blockchain platform. The company clarified that the $650 million represents future loan issuances rather than already disbursed funds, explaining that its goal is to reduce loan approval times from several weeks or months to a single business day.

Israel is preparing to strike Iran, according to Walter Bloomberg. Israel had briefly paused its attack on Iran around midnight on June 9.

Forward Industries (FWDI), the largest accumulator of Solana (SOL), proposed an all-stock acquisition of Brera Holdings (SLMT) at a 30.7% premium to its current share price, but the offer was rejected, SolanaFloor reported via X. Brera Holdings currently holds 2.1 million SOL.

U.S. President Donald Trump stated in an interview with Fox News that he is prepared to order additional strikes on Iranian power plants and bridges. Trump added that a deal with Iran is taking too long to materialize.

The percentage of Bitcoin supply in profit is nearing 45%, a level that mirrors past market stress phases, according to an analysis by CryptoQuant contributor CryptoZeno. He noted that this threshold historically marked a point where many holders saw unrealized gains turn into losses, signaling that recent price weakness is spreading throughout the network. While profitability above 90% has been associated with strong upward momentum, the 45% level has frequently appeared during late-cycle corrections amid growing pessimism. CryptoZeno explained that a significant amount of BTC is already below its purchase price and that overheated expectations have cooled. This period is characterized by short-term holders selling to long-term investors as losses mount. While this increases short-term volatility, he views it as a process that strengthens the market's long-term structure. However, he cautioned that this single indicator cannot definitively identify a market bottom. The 45% level is a zone where the risk of capitulation selling and the opportunity for long-term accumulation both increase, CryptoZeno added, advising a close watch on holder behavior over the next few weeks.

More than 50% of Bitcoin's circulating supply is now in a loss position, a common signal that has historically appeared weeks before a bear market bottom, K33 said in an analysis. According to The Block, the firm noted that selling pressure from profitable BTC holders is gradually being exhausted. Historically, when the supply held at a loss by long-term holders reached the 50-56% range, it was often not followed by additional sell-offs. The analysis also pointed out that the current downturn has touched the 200-week moving average, an indicator that has marked every past bear market bottom. However, K33 cautioned that in similar past scenarios, a further decline of 15-26% often preceded the "true bottom." The firm concluded that the $60,000 level could be viewed as either BTC's cycle bottom or a long-term accumulation zone.

U.S. President Donald Trump said in a social media post today that Iran's military has been completely dismantled. He claimed that most of its military branches, including the navy and air force, are effectively gone and that the country has been thoroughly defeated. Trump added that Iran is all talk and no action, and will now pay the price for taking too long to negotiate a favorable deal.

Ethereum (ETH) is currently consolidating within a range of $1,500 to $1,850 on its daily chart, CryptoPotato reported. According to the outlet, while the $1,800 support level on the daily chart was breached, buying pressure near the $1,500 mark prevented further declines. However, sellers maintain control as ETH trades below its 100-day and 200-day moving averages. On the 4-hour chart, a sharp sell-off followed the break of the $2,000 support level, pushing the price to the bottom of its range, with the subsequent rebound appearing corrective. The analysis identifies the $1,820-$1,900 area as a key resistance zone, concentrated with Fibonacci retracement levels. A failure to break through this zone would likely mean the current upward move is merely a temporary retracement within a broader downtrend. Conversely, a decisive break above $1,900 could weaken the bearish structure, opening up the possibility of a rise toward $2,000.

Most cryptocurrency listings on major exchanges since 2025 have been unsuccessful, prompting exchanges to pivot to stock tokens as their next growth engine, CryptoSlate reported, citing a Delphi Consulting report. An analysis of 652 new cryptocurrency listings on five major exchanges—Binance, Bybit, Coinbase, Gate, and Kraken—found that only 12% generated a profit. The median return on these newly listed assets was -82%. While exchanges continue to list stock tokens, some have warned that the resulting profits primarily benefit stablecoin issuers, exchanges, custodians, and tokenization platforms, rather than creating demand for underlying cryptocurrency networks like Ethereum or Solana.

Ashish Singhal, CEO of Indian cryptocurrency exchange CoinSwitch, commented on X that while many are focused on Bitcoin's drop to $61,000, he is focused on the significance of discussing the asset at such a price. He noted that ten years ago, the question would have been whether the asset class could survive, whereas the current debate is about when the next growth phase will begin. Singhal added that all emerging asset classes undergo cycles of overheating, correction, and consolidation, and crypto is no exception. However, he emphasized that the ecosystem is now supported by more robust infrastructure and active participation from regulators and institutional investors. He urged observers to look at the bigger picture of long-term adoption over short-term volatility, concluding that the market is maturing and does not grow in a straight line.

The New York Department of Financial Services (NYDFS) has released official proposed regulations for stablecoins aligned with the GENIUS Act, The Block reported. The framework maintains existing guidance, including requirements for one-to-one U.S. dollar backing, redemption standards, permissible reserve assets, and independent audits. However, it also strengthens investor protections with new provisions such as limits on reserve concentration with a single custodian, a dual authentication system, and mandatory insured deposits for large issuers with over $25 billion in assets. The proposed rules will undergo a 60-day public comment period before being formally implemented.

The Brazilian Olympic Committee (COB) has partnered with the Cardano Foundation, according to the International Olympic Committee (IOC). The two parties will explore introducing new technologies such as AI, blockchain, and the Internet of Things (IoT) into sports administration to enhance institutional transparency and create new opportunities for engagement with athletes, coaches, sponsors, and fans. Meanwhile, Cardano (ADA) has plummeted since founder Charles Hoskinson announced he was taking a break. The token is currently trading at $0.1592, down 26.82% over the past week.

Implied volatility (IV) for Bitcoin and Ethereum options is trading at its lowest level this year as traders move to hedge against geopolitical risks, Bybit said in its weekly options report. The report noted that ongoing geopolitical conflict between the U.S. and Iran has fueled inflation concerns and a sell-off in the global bond market, significantly dampening crypto market sentiment. BTC's implied volatility remains in the 30% range, a yearly low, suggesting that traders see a low probability of short-term price swings and are focused on defending against downside risk. Unlike the U.S. stock market, which is rising on AI optimism, the crypto market is showing a clear decoupling trend due to continuous capital outflows and macroeconomic pressure, the report added.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap tracks trading volume at specific price levels. The background brightens when the price lingers in a particular range or makes a significant move. These brighter areas can potentially act as support or resistance. - The Cumulative Volume Delta (CVD) indicator 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 indicates large orders between $1 million and $10 million.

Michael Saylor, founder of MicroStrategy (MSTR), stated via X that Bitcoin is hope for everyone and a tool for economic empowerment. He added that all good-faith attempts to strengthen the network should be welcomed. Meanwhile, a recent Fortune report noted that MicroStrategy's BTC accumulation model is being tested, suggesting that the possibility of consecutive BTC sales cannot be ruled out if the burden of its preferred stock dividends increases.

The U.S. Commodity Futures Trading Commission (CFTC) has unveiled new proposed regulations for prediction markets, The Wall Street Journal reported. The proposal aims to permit sports-related betting while establishing safeguards against market manipulation. It would also completely ban betting on events with a high potential for insider trading, as well as those related to war, terrorism, and assassinations. The outlet noted that regulatory discussions have become politically complex amid allegations and indictments concerning insider trading in these markets.

According to CoinNess market monitoring, BTC has fallen below $61,000. BTC is trading at $60,991.28 on the Binance USDT market.

The CLARITY Act has hit a snag ahead of a full Senate vote due to renewed disagreements between Republicans and Democrats, CryptoSlate reported. The dispute centers on a provision that would grant state attorneys general the authority to sue the Department of Justice. Republicans are pushing to remove the clause, citing constitutional concerns about state officials suing federal counterparts. In contrast, Democrats argue it is a necessary safeguard in case a crypto-friendly administration comes to power. While the bill passed the Senate Banking Committee's markup session in May with a 15-9 vote, it requires at least 60 votes to clear the full Senate. This means that even with full Republican support, at least seven Democratic votes are needed. Some Democratic senators who previously voted in favor during the committee stage have indicated they will vote against the bill unless the ethics provision issue is resolved. Industry observers have raised concerns that if a floor vote is not scheduled before the congressional recess in August, the bill's passage could be delayed beyond 2030. The outlet added that several other issues remain unresolved, including anti-money laundering (AML) regulations, the definition of DeFi protocols, the permissible scope of interest on stablecoins, and the process of merging the Senate Banking and Agriculture Committee versions of the bill.

An exploit targeting TokenOfPower (TOP) has resulted in losses of 944.2 wETH, worth approximately $1.5 million, according to a report from blockchain security firm GoPlus. The firm stated on its official X account that an attacker leveraged a governance configuration error in AragonDAO. The hacker, who already held over 50% of the TOP supply, exploited a structural flaw to mint an unauthorized 10 billion TOP. They then swapped 1 billion of these tokens for wETH. TOP is an ERC-20 token.

Daily Bitcoin selling by institutional investors has reached an all-time high, according to Charles Edwards, founder of Capriole Investments. In a post on X, Edwards stated that the largest institutional sell-off in history is underway. He noted that net sales each day amount to over 460% of the daily Bitcoin mining volume, with ETFs leading the trend. According to a chart shared by Edwards, a "Total Excess" indicator fell to -464%, its lowest recorded level, signifying that net selling centered around ETFs is equivalent to approximately 4.6 times the new supply of BTC.

The launch of over-the-counter (OTC) exchanges for tokenized securities by South Korea's alternative trading system (ATS) Nextrade and the Korea Exchange is drawing near, The Korea Economic Daily TV reported. Both Nextrade and the Korea Exchange have formed separate consortiums with securities firms and partner companies. They aim to apply for final approval in August and open their respective markets within the fourth quarter. However, the outlet noted that a key limitation exists in the domestic market: tokenized securities are currently confined to real-world assets like cultural intellectual property and real estate, and have not yet been expanded to include financial assets such as stocks or bonds.