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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.

Prediction market Kalshi has surpassed $2 billion in annual revenue and has begun discussions with several investment banks about a potential IPO, The Information reported. The revenue growth is attributed to increased betting on the outcomes of events like U.S. National Basketball Association (NBA) games and the World Cup. Kalshi is reportedly in informal talks with multiple financial institutions for IPO advisory services and is requiring any investment bank wishing to join its advisory team to integrate with the Kalshi platform's system.

Bitcoin remains in a sell-off risk zone, while the altcoin market has entered a phase of suppressed momentum, according to an analysis by Altcoin Vector, Swissblock's altcoin-focused X account. The firm noted that both upward and downward momentum indicators are currently low. While there is no strong correction pressure across the market, there is also a lack of new catalysts for a rally. In such phases, altcoins often trade sideways, exhibit increased volatility, or continue a gradual decline. However, the analysis pointed out that historically, a period of suppressed momentum is often followed by a strong upward surge. This rebound typically occurs after Bitcoin's risk index exits the sell-off zone and selling pressure subsides. Until then, the upward momentum for altcoins is likely to remain limited.

Israeli artillery units have again attacked the Rahbeh area in Nabatieh, southern Lebanon, according to reports from Iranian media outlets such as Mehr News Agency, IRNA, and Fars News Agency. Sources on the ground reported fierce clashes between Hezbollah and Israeli forces on several fronts in southern Lebanon. Hezbollah claims to have destroyed at least five military vehicles, while four Israeli helicopters were reportedly deployed to the area to evacuate wounded soldiers.

Strive CEO Matt Cole stated on X that the recent intraday price drop in Strategy's (MSTR) preferred stock, STRC, and Strive's (ASST) preferred stock, SATA, was a temporary event driven by a cascade of leverage liquidations rather than a fundamental decline in the assets' credit quality. On June 18, STRC briefly plummeted to $82.5, while SATA fell into the low $90s. Cole explained that the volatility was the result of forced liquidations of investors who had taken on excessive leverage using the assets as collateral. He drew a parallel to past cases where hedge funds using highly leveraged positions with U.S. Treasuries went bankrupt, emphasizing that the underlying collateral's value was not impaired. He stressed that Strive's dividend reserves are being maintained and that there is no disruption to the company's ability to meet its dividend obligations or its long-term strategy. SATA is a preferred stock similar to STRC, issuing new shares to buy BTC when its price exceeds a face value of $100. Unlike STRC, which pays dividends twice a month, SATA reportedly provides dividends every business day.