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In a report titled "Bye Bye Bitcoin, Hello AI Data Center," Bank of America (BofA) offered a positive assessment of Bitcoin mining firm TeraWulf's (WULF) transition to AI data centers. Analyst Michael Funk described the shift as a wise move, citing growing demand for AI-supported facilities. BofA has initiated coverage of TeraWulf with a buy rating and a price target of $34.

According to a May 2026 exchange data report from Wu Blockchain, spot trading volume on major cryptocurrency exchanges increased by 0.1% month-over-month, while derivatives volume rose by 1.1%. Website traffic for these exchanges, however, saw a 0.26% decline.

U.S. President Donald Trump announced that the Strait of Hormuz was fully opened on June 12, adding that all related agreements have been signed.

Investment firms Benchmark and TD Cowen have dismissed recent concerns that MicroStrategy (MSTR) could face a "death spiral" of selling its Bitcoin holdings and seeing its corporate value plummet, calling the fears exaggerated, The Block reports. Both firms maintained their "buy" ratings on MSTR, assessing its financial structure as robust. Benchmark analyst Mark Palmer noted that the death spiral hypothesis focuses too narrowly on the past week's BTC price decline. "For MicroStrategy to sell its BTC, it would first need to exhaust the $1 billion it has set aside for dividend payments," Palmer said. He added that because the company's structure has no fixed maturity, the likelihood of a sudden surge in selling is low, and numerous steps would have to be taken before any BTC is sold, making the scenario highly improbable. Similarly, TD Cowen stated that given MicroStrategy's cash reserves, its dividend obligations are "sufficiently manageable." While MicroStrategy sold 32 BTC on the first of the month, it also announced last week that it had purchased an additional 1,500 BTC.

A proposal by the U.S. Securities and Exchange Commission (SEC) to repeal regulations governing stock market structure, including the best execution rule, could be a highly influential development for the cryptocurrency industry, according to U.S. investment bank Benchmark. The bank suggests that repealing the rule could resolve legal and regulatory conflicts between DeFi's Automated Market Maker (AMM) mechanisms, which do not use traditional order book systems, and the trading of stock tokens. According to The Block, Benchmark identified Securitize, the infrastructure provider for BlackRock's tokenized money market fund BUIDL, as the most direct beneficiary. Coinbase (COIN) and Galaxy Digital (GLXY) were also named as potential beneficiaries. However, Benchmark noted that challenges remain, as the proposal is separate from issues concerning alternative trading system registration, custody, and clearing and settlement frameworks. The SEC is expected to collect public comments for 60 days before discussing a vote early next year.

Danny Sanders, CCO of crypto hardware wallet manufacturer Trezor, has warned that the growing trend of Bitcoin investors relying on ETFs instead of holding their own private keys will negatively impact the industry, The Block reported. Speaking at a Bitcoin event in Prague, Sanders acknowledged that self-managing Bitcoin can be burdensome for newcomers. He stated that of the approximately 600 million crypto users worldwide, only about 10% practice self-custody, with just 12 million to 13 million of them using hardware wallets. Sanders argued that the industry should encourage investors to adopt self-custody through better user experiences, educational tools, and backup systems, rather than pushing them to depend on custodians. He described the mindset of simply investing in an ETF as the most difficult challenge to overcome, calling it the "worst outcome for the industry."

A senior U.S. official said the United States plans to maintain its military presence in the Middle East during the negotiation period.

According to CoinNess market monitoring, BTC has risen above $67,000. BTC is trading at $67,004.13 on the Binance USDT market.

U.S. President Donald Trump and Vice President Vance have signed a memorandum of understanding (MOU) with Iran, with the speaker of the Iranian Islamic Consultative Assembly also completing the signing, Reuters reported on June 15. A senior U.S. official stated that details of the agreement will be released within the next 24 to 48 hours.

A senior U.S. official said that under a recent agreement, the Strait of Hormuz will be opened immediately and the U.S. blockade against Iran will be lifted.

Binance holds a market share of over 60% in SpaceX (SPCX) perpetual futures, Walter Bloomberg reported.

Thetanuts Finance, an options-based structured products protocol, has suffered a vulnerability exploit resulting in a loss of $2.1 million in option tokens, blockchain security firm PeckShield reported on X. A white hat address has reportedly recovered $2 million of the stolen tokens. The exploiter swapped $105,000 in USDC for 60 ETH and still holds option tokens valued at $34,000.

Decentralized exchange (DEX) Aster (ASTER) announced via its official X account that it will support perpetual futures trading based on Binance's stock tokenization platform, bStocks. The exchange explained that users can hold tokenized stocks through bStocks and use them as collateral for futures trading. This feature can be enabled by depositing bStocks' stock tokens into a BNB Chain futures account and activating the "Multi-Assets Mode." Up to 90% of the value of the held tokenized stocks can be used as collateral. Initially, support will be available for Tesla (TSLAB), Nvidia (NVDAB), Circle (CRCLB), and SanDisk (SNDKB).

Pharos Network (PROS), a finance-focused Layer 1 blockchain, will now accept PROS and USDC for payments on its AI Model-as-a-Service (MaaS) platform, the company announced on its official X account. The platform was launched in collaboration with ZAN, an AI agent-friendly development infrastructure. The MaaS platform notably features a built-in x402 protocol and related technologies specifically designed for AI agent payments. Users who pay their subscription fees with PROS will receive a 20% discount on their monthly costs. Pharos Network explained that the integration will not only diversify the use cases for PROS but also provide developers in its ecosystem with cost-effective access to industry-leading AI models.

A wallet believed to belong to Chun Wang, founder of the major Chinese-rooted crypto mining pool F2Pool, has increased its Ethereum holdings on three separate occasions this month, Odaily reported. The address purchased 9,719 ETH on June 5, 17,560 ETH on June 6, and another 15,740 ETH on June 12. Based on the average purchase prices, these trades have generated an estimated unrealized profit of around $8.64 million.

Negentropic, the shared X account of Glassnode's co-founders, stated that while the price movements of Bitcoin and Ethereum are positive, it is not a time for complacency. The account noted that despite recent price action, OBV and momentum have not yet turned positive, and the risk of retesting the lows still exists.

The U.S. Commodity Futures Trading Commission (CFTC) has announced the appointments of Donald Battle as Chief Data and Innovation Officer and J. Matthew Haws as Senior Counsel to the Chairman. Battle has deep expertise in blockchain forensics and artificial intelligence solutions. Haws is a legal expert with over 13 years of experience in derivatives regulation within the global financial sector.

An anonymous address starting with 0x795d5 and linked to Arthur Hayes has received 3,000 ETH, worth $5.42 million, from crypto market-making firm Flowdesk, according to Onchain Lens. Onchain Lens added that while it is not confirmed whether the address belongs to Hayes, it has a history of fund transfers with his FalconX address.

U.S. crypto industry leaders have sent a joint letter urging lawmakers to maintain the original text of the Blockchain Regulatory Certainty Act (BRCA) provision within the broader Clarity Act, CoinDesk reported. The provision in question would exempt developers and node operators who do not take custody of customer funds from being regulated as money transmitters. The letter argued that treating engineers who do not handle funds as money transmitters is akin to calling an email app developer a mail carrier. It further stated that such regulatory uncertainty has caused the U.S. share of global crypto developers to fall to 19%, emphasizing that these protections are crucial to prevent a brain drain and maintain the country's technological leadership.

Ventuals, a trading platform for unlisted stock tokens built on Hyperliquid (HYPE), will cease operations and join the Hyperliquid ecosystem team, the project announced on its official X account. Futures markets for unlisted companies on the platform will undergo final settlement. Trading in its index and commodity markets will also be halted sequentially, starting on June 18. Additionally, vHYPE staked through Ventuals will be refunded at a 1:1 ratio on June 19, with no separate token issuance planned.

Bitfinex has analyzed that Bitcoin's recent rebound, prompted by easing tensions in the Middle East, may be a technical bounce resulting from the exhaustion of selling pressure rather than an influx of new demand. In a recent report, the exchange noted that open interest (OI) in the futures market has significantly decreased from its May high, and short-term holders have sold their positions at a loss. This suggests the market has entered a phase of deleveraging and absorbing supply. However, Bitfinex pointed to weak demand, citing continued exchange-traded fund (ETF) outflows and slowing corporate buying, according to on-chain and fund flow data. The report also highlighted that short-term holders are still facing unrealized losses of 17% to 19%, which could form a substantial potential sell wall. Consequently, BTC is currently trapped in a range between its support level at $54,000 and a resistance level of $68,000, where short-term holders may look to sell at their break-even point. Bitfinex concluded that while the selling has paused, buying remains unconfirmed. The exchange added that a reopening of the Strait of Hormuz, which would alleviate energy supply shocks, could lower inflation and real interest rate pressures, potentially acting as a tailwind for risk assets like cryptocurrencies.

The U.S. military has stated that its blockade of Iranian ports will remain in effect ahead of a June 19 agreement deadline. It warned vessels in the affected area not to attempt passage through the blockade zone until they receive explicit guidance.

An anonymous whale address starting with 0x49C has withdrawn 21,136 ETH, worth $37.05 million, from Binance, according to Lookonchain. Withdrawals from exchanges are typically interpreted as a sign of intent to hold. According to CoinMarketCap, ETH is trading at $1,806.26, up 8.44% from yesterday.

While the target of passing the CLARITY Act by July 4 is now virtually impossible, industry insiders remain optimistic about its passage by the end of the year, reported U.S. crypto policy publication CryptoInAmerica. Patrick Witt, executive director of the White House Crypto Committee, had initially set July 4 as the goal. However, negotiations with the Democratic Party have reportedly stalled over the introduction of ethics regulations concerning the Trump family. Other hurdles also remain, including merging the bill with the House Agriculture Committee, securing enough votes, and passing it through both the House and Senate. The bill's author, U.S. Senator Cynthia Lummis, has also stated that more time is needed. The Senate is currently focused on legislation aimed at housing cost relief. According to the report, the industry now views the August session or the final session of the current Congress in mid-November as more realistic deadlines.

U.S. exchange Kraken has launched a perpetual futures trading service in the United States after receiving regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC), The Block reported. The service will be operated on the Bitnomial exchange platform, which was acquired by Kraken's parent company, Payward. Payward announced its acquisition of Bitnomial in April for up to $550 million.