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South Korea’s Financial Services Commission (FSC) is pursuing a plan to transfer the eligibility review regulations for major shareholders of cryptocurrency exchanges from the Act on Reporting and Using Specified Financial Transaction Information to a new Digital Asset Basic Act, iNews24 reported. Currently, virtual asset service providers are subject to these shareholder reviews under the existing financial information act. An amendment to this act, set to take effect on Aug. 20, will expand the scope of these reviews from CEOs and executives to include the largest shareholders and others with significant influence over management. The outlet explained that with the establishment of the Digital Asset Basic Act, the move is intended to place the regulations within a dedicated industry-specific legal framework, thereby improving legal consistency.

An anonymous new address suspected of belonging to the government of Bhutan has withdrawn 533 BTC, worth $33.4 million, from Binance, according to Onchain Lens. While the address's identity remains unconfirmed, the Bhutanese government deposited an identical amount of BTC to the exchange on June 17. Withdrawals from exchanges are typically interpreted as a move to hold assets.

Hunter Horsley, CEO of spot Bitcoin ETF issuer Bitwise, commented on X that the crypto market has consistently seen its dominant forces and core projects change over time. He added that this year marks another generational shift, with the market's structure and trends being reshaped.

South Korean crypto exchange Bithumb has announced it will delist Eclipse (ES) at 6:00 a.m. UTC on July 20. The exchange explained that the materials submitted by the Eclipse foundation were insufficient to resolve the issues that led to its investment warning designation. Bithumb stated that after a comprehensive review of factors—including the timeliness of disclosures on important matters and the transparency of its procedures for significant changes—it concluded that the project no longer meets the criteria for trading support.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 48.72% long, 51.28% short - Binance: 49.63% long, 50.37% short - OKX: 48.96% long, 51.04% short - Bybit: 48.45% long, 51.55% short

The cryptocurrency market is moving beyond technical experimentation into an industrialization phase, with its ultimate form being the creation of internet capital markets, according to a report from Tiger Research, an Asia-based Web3 research and consulting firm. The report identifies Solana (SOL) as the network where this transition is most concretely being realized. As the U.S. leads in establishing a legal framework for crypto, Solana is positioning itself as a central network for building institutional use cases while designing for regulatory compliance, the firm stated. As part of this effort, the network is supporting the on-chain onboarding of major global financial institutions, including JPMorgan, State Street, and Citigroup. Tiger Research concluded that among public chains, Solana is the most active in collaborating with institutions and is accumulating a track record of real-world transactions.

The U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have launched a joint public comment period to clarify the definition and interpretation of derivatives, The Block reported. The move is linked to a lawsuit filed by CME Group challenging the CFTC's approval of Kalshi's perpetual futures product. CME Group contends that perpetual futures should be classified as swaps rather than commodities. The CFTC has stated it will file a motion to dismiss the lawsuit, arguing that it runs counter to the Trump administration's pro-innovation stance.

This chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences significant movement. These brighter areas can potentially act as support or resistance levels. - The Cumulative Volume Delta (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 tracks large orders between $1 million and $10 million.

Bitcoin option traders are betting that the price could fall to $52,000 within weeks, CoinDesk reported, citing data from Deribit. Over the past 48 hours, there has been significant buying activity for put options expiring between June 22 and July 31. According to CoinDesk, this bearish sentiment is driven by a stronger U.S. dollar following hawkish Federal Reserve commentary, sustained outflows from spot BTC ETFs, and concerns related to MicroStrategy (MSTR). The report highlighted that MicroStrategy's preferred stock, STRC, is trading well below its par value, disrupting the company's structure for purchasing BTC.

The U.S. Dollar Index (DXY) has surpassed the 101 mark, reaching its highest level since May 2025, according to CoinNess market data. The index measures the value of the U.S. dollar against a basket of six major world currencies. Bitcoin and the DXY tend to have an inverse correlation. Meanwhile, BTC is currently trading at $62,562, down 1.92%, according to CoinMarketCap.

An anonymous whale address just deposited 2,500 BTC ($156.84 million) to OKX, Whale Alert reported. Deposits to exchanges are typically interpreted as a precursor to selling.

Binance founder Changpeng Zhao predicted that agentic AI will use cryptocurrency for payments, adding that this shift could happen within months rather than years, Cointelegraph reported.

An address suspected of being linked to the recent exploit of Humanity (H) has swapped 130 ETH, worth around $220,000, for 381 BNB, blockchain security firm PeckShield reported. The Humanity team previously announced a recovery plan for the incident, which involved a private key leak and unauthorized token minting. The plan includes permanently burning the existing H tokens on Ethereum, BNB Chain (BSC), and the Humanity mainnet. A new Ethereum-based ERC-20 H token will then be issued and airdropped to eligible holders at a 1:1 ratio. Following an internal investigation, the team also announced that a developer's device was infected, leading to the theft of a private key and the unauthorized minting of 447 million H tokens. A forensic investigation is underway, and the team has offered a $1 million bounty.

U.S. spot Ethereum ETFs recorded a net outflow of $12.8 million on June 18, marking the second consecutive day of outflows, according to data from Farside Investors. - BlackRock's ETHA: -$12.8 million

U.S. Bitcoin spot ETFs recorded a total net outflow of $90.7 million on June 18, marking the second consecutive day of net outflows, according to data from Farside Investors. A breakdown of flows for individual funds includes: - BlackRock (IBIT): -$96.7 million - VanEck (HODL): -$4.4 million - Morgan Stanley (MSBT): +$10.4 million

An anonymous whale address starting with 0xbc1a swapped $11.81 million in USDC for 7,000 ETH about 10 minutes ago on the decentralized exchange CoW Swap (COW), according to Onchain Lens. This latest purchase is part of a larger accumulation trend, with the address having bought 17,800 ETH worth $29.76 million over the past 10 days at an average price of $1,672.

Coinbase (COIN) plans to support trading in perpetual futures, stock options, and stock token options for pre-IPO companies, CEO Brian Armstrong announced on X. He added that the company will overhaul its institutional platform, Coinbase Advanced, to reduce the gap between U.S. and global users. Coinbase has also begun integrating global liquidity with the derivatives exchange Deribit. Through its developer division, Coinbase Dev, the company will launch stablecoin payment features for businesses and a new developer dashboard. For its Layer 2 network, Base, Coinbase will introduce a privacy transaction feature and a web-based app. Armstrong also stated that Coinbase aims to become a bank account for AI, supporting connections between Coinbase accounts and AI agents, along with AI-based financial consulting.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $152.85 million liquidated (89.81% longs) - ETH: $119.46 million liquidated (78.26% longs) - SOL: $15.63 million liquidated (88.5% longs)

Morgan Stanley has submitted revised filings for its spot Ethereum (ETH) and Solana (SOL) ETFs to the U.S. SEC, The Block reported. This marks the second amendment since the initial applications in January. The proposed fee for both ETFs is 0.14%, among the lowest in the industry. The updated filings detail plans to stake a portion of the funds' crypto holdings to generate additional rewards, naming Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking service providers. These providers will receive 5% of the staking rewards as a fee. The proposed tickers are MSSE for the ETH ETF and MSOL for the SOL ETF.

According to CoinNess market monitoring, the USDC/BTC pair on Bithumb experienced a flash crash of 43% around 2:55 a.m. UTC on June 19. The price of USDC momentarily plunged to 0.00000684 BTC, equivalent to a sale price of $0.43 (approximately 661 won) at the time of the trade. The token has since recovered to the 0.00001583 BTC level on the exchange, trading at a won-equivalent price of 1,506.

Trent Van Epps, who was formerly responsible for core development funding at the Ethereum Foundation, has warned that the sector could face a funding crisis within three to nine months, Wu Blockchain reported. He noted that spending cuts by the foundation and the termination of the Client Incentive Program (CIP) could lead to such a shortfall. Van Epps stressed that while maintaining the core development ecosystem costs about $30 million annually, new institutions and funding mechanisms are needed, as the foundation was not established to be the network's permanent steward.

South Korean crypto exchange Bithumb announced it will list Re-protocol (RE) on its KRW market at 6:00 a.m. UTC on June 19.

Sui (SUI) has introduced a decentralized Seal key server to its mainnet, powered by multi-party computation (MPC), the project announced on X. The mainnet launch follows its introduction on the testnet in March. Seal is an access key system used for encrypting application data. The system offers a more robust trust model by distributing encryption authority and key trust across multiple servers while maintaining the same access policies as the software development kit (SDK) that facilitates everyday cryptocurrency payments.

TONCOIN has fallen by 4.51% in the past five minutes on the COINNESS market. Currently, TONCOIN is trading at $2,455.

South Korean crypto exchange Upbit announced that it will list PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP for trading against BTC and USDT at 6:00 a.m. UTC on June 19.