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BlackRock's Bitcoin Income ETF (BITA) recorded trading volumes of $6 million and $7 million, respectively, in its first two days of trading, according to Bloomberg ETF analyst Eric Balchunas. On X, Balchunas noted that while this performance ranks in the top 1% of all ETF launches, it falls significantly short of the level set by BlackRock's spot Bitcoin ETF (IBIT). He described BITA as one of the most promising products for fund inflows but suggested it may take some time for its performance to gain momentum due to numerous market variables. Meanwhile, 10x Research previously assessed that investing in BITA would yield returns below that of holding BTC directly in nearly all scenarios, regardless of the cryptocurrency's price direction.

Jeffrey Huang, a prominent Taiwanese singer also known as Machi Big Brother, has liquidated most of his 25x ETH long position, Onchain Lens reported. He now holds a 5x long position of 2,900 ETH, with unrealized losses exceeding $35 million. His cumulative losses have surpassed $79.87 million.

PayPal Ventures, the investment arm of PayPal, is halting its business operations after investing in numerous cryptocurrency projects, Fortune reported. According to a source familiar with the matter, the firm now exists in name only, with new investment activities suspended. Its staff has also been reduced from over 10 at the end of last year to just two. Established in 2016, PayPal Ventures has made over 80 investments, including in crypto-related startups like Talos and Anchorage Digital.

Garrett Jin, founder of the fraudulent cryptocurrency exchange BitForex, has repurchased HYPE just one day after selling his holdings, Onchain Lens reported. He currently holds 71,092 HYPE, worth $5.06 million, and has also set a TWAP order for additional purchases. Yesterday, he sold 184,102 HYPE for $13.54 million, realizing a profit of $2.83 million.

Binance has failed to obtain a Markets in Crypto-Assets (MiCA) license in Greece and is now pinning its last hopes on France, French crypto media outlet The Big Whale reported. "Binance's French entity has held a Digital Asset Service Provider (DASP) registration since 2022 and is in discussions with the French Financial Markets Authority (AMF) about the possibility of applying for a MiCA license. An application has not yet been submitted," the outlet explained. Previously, Reuters reported, citing sources, that the Greek financial authority (HCMC) intended to reject Binance's MiCA application. "France is now the only remaining channel for Binance to obtain a MiCA license, but the company is still under investigation for money laundering there," The Big Whale added. "Whether it receives MiCA approval will be a critical factor for the continuation of Binance's European operations."

In response to reports that Greek financial authorities may reject Binance's MiCA license application, OKX founder Star Xu commented on X that Binance entering the global regulatory fold would be one of the most positive developments for the crypto industry. He argued that while many believe a regulated Binance would threaten competitors, he disagrees. For the past decade, Xu explained, competition in the crypto space has largely depended on regulatory arbitrage, where firms with fewer constraints have an advantage over those heavily invested in licensing, compliance, and governance. If Binance becomes regulated, this advantage will gradually disappear, and competitiveness will instead be determined by factors like product, technology, execution, customer service, and trust. Xu added that the more regulators focus on governance, internal controls, and tangible results over marketing and social media influence, the more Binance's current strengths will diminish.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap has fallen two points to 22, remaining in the 'Fear' stage. The index indicates extreme fear as it approaches 0 and extreme optimism as it approaches 100. CoinMarketCap's index is calculated based on factors including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as put/call ratios, the Stablecoin Supply Ratio (SSR), and the platform's proprietary search data.

The Spot CVD chart provides an order book analysis 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 experiences significant movement. These brighter areas can potentially act as support or resistance. - The Cumulative Volume Delta (CVD) indicator shows buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line represents orders between $100 and $1,000, while the brown line indicates large orders between $1 million and $10 million.

Whale addresses holding at least 1,000 BTC now hold a total of 7.17 million BTC, marking the first time their holdings have surpassed this level since March 14, according to on-chain analytics firm Santiment. This amount represents 35.82% of the current BTC supply. The number of addresses holding over 1,000 BTC stands at 2,044.

Coinbase's Layer 2 network, Base, has introduced a private transaction feature for enterprise users. The function is designed to protect transaction information necessary for corporate operations while maintaining the transparency and efficiency of blockchain infrastructure.

A federal court in Michigan has ruled that sports-related prediction market betting does not fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC), Decrypt reported. The U.S. District Court for the Western District of Michigan denied a preliminary injunction sought by Polymarket against state regulators. The case centers on a dispute where Michigan authorities claim Polymarket's sports prediction betting constitutes illegal sports trading, whereas Polymarket argues it should be treated as a swap product supervised by the CFTC at the federal level. In its decision to deny the injunction, the court expressed that Polymarket is unlikely to succeed in the main lawsuit.

Kentucky Attorney General Russell Coleman has sued prediction market platforms Kalshi and Polymarket for allegedly offering unlicensed sports betting services, CoinDesk reported. The move makes Kentucky the latest state to push back against the expanding prediction market industry. Like other states, Kentucky argues that these event contract-based platforms operate without the necessary state licenses. A statement also noted that related service providers such as Coinbase, Robinhood, and Webull do not offer support systems for gambling addiction.

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,960.03 on the Binance USDT market.

Binance founder Changpeng Zhao argued on X that countries should tokenize their domestic stocks to enable global investors to trade them. He added that nations should also issue their own stablecoins to enhance the utility of their national currencies on the blockchain.

Fidelity is set to launch the Fidelity Reserves Digital Fund, a money market fund (MMF) designed to manage the reserves of stablecoin issuers, today, June 18. According to CoinDesk, the fund is structured to meet the regulatory requirements of the ENIUS bill. The launch follows a similar move by State Street, which recently introduced its State Street Stablecoin Reserve Money Market Fund (SSCXX). The outlet noted that traditional financial firms are competing with increasing intensity for the stablecoin market, which has the potential to grow to a multi-trillion dollar scale.

MicroStrategy (MSTR) announced on its official X account that it can cover 32 years of dividend payments using its Bitcoin holdings. The company's perpetual preferred stock, STRC, closed below $90 on June 17, marking an all-time low.

The three major U.S. stock indices closed lower today. - S&P 500: -1.21% - Nasdaq: -1.34% - Dow Jones: -0.97%

FIFA is leveraging Avalanche (AVAX) blockchain technology to combat the scalping of World Cup tickets. This initiative follows a partnership last year where FIFA collaborated with Avalanche to build its own Layer 1 blockchain. According to CoinDesk, FIFA's Web3 digital collection platform, FIFA Collect, is now operating a new ticketing model with Avalanche and Modex to address issues like bots, ticket fraud, and price gouging. The system, built on the Avalanche Layer 1, assigns two functions to a set number of tickets: a Right to Buy (RTB) and a Right to Ticket (RTT). Buyers can acquire an RTB through FIFA Collect and trade it on a secondary market at market prices. Once used, the RTB converts into an RTT, which can then be used to purchase an official match ticket via FIFA's existing ticketing system.

Federal Reserve Chairman Kevin Warsh declined yesterday to say whether he has communicated with President Donald Trump since taking office last month. Speaking at a press conference, Warsh said he had no information to provide regarding questions about the president but confirmed he has met with Treasury Secretary Scott Bessent. Warsh added that the weekly meeting between the Fed chair and the Treasury secretary is a long-standing tradition. He said they have met three times so far, with this week being an exception as the secretary is currently overseas.

U.S. President Donald Trump said he is fine with the Federal Reserve's decision to hold interest rates steady, BlockBeats reported. He added that a future rate hike is a possibility.

According to CoinNess market monitoring, BTC has fallen below $65,000. BTC is trading at $64,996.01 on the Binance USDT market.

The price of spot gold has plunged 2.00% in intraday trading to $4,244.31 per ounce.

Federal Reserve Chairman Kevin Warsh stated at an FOMC press conference that no one within the Fed wants to raise interest rates in the short term. Responding to a question on whether current data supports a rate hike, Warsh said that not a single one of the 19 members present agreed with such an assessment. He added that the committee will reconvene in six weeks to revisit the issue.

Bitwise Chief Investment Officer (CIO) Matt Hougan has stated that the lines between traditional finance (TradFi) and cryptocurrency are starting to blur, U.Today reported. He pointed to Coinbase's recent announcement of its plan to transform into a comprehensive infrastructure provider by offering a product suite that includes stocks, derivatives, AI, and consumer finance. Hougan explained that with these changes, Coinbase could no longer be strictly considered a cryptocurrency company.

U.S. President Donald Trump stated that an agreement with Iran will be signed within the next 48 hours.