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Sports-related betting volume on Polymarket has more than doubled since the start of the World Cup, surging from under $130 million to over $300 million daily, The Block reported via its official X account. The Block added that betting on soccer, in particular, has seen its daily volume quadruple since the tournament began.

BMNP, the preferred stock of Ethereum-acquiring firm Bitmine (BMNR), debuted on the New York Stock Exchange (NYSE) on June 16. The stock opened at $91.49, an 8.5% discount to its $100 par value, and closed the day at $88.10, approximately 12% below par. BMNP, which is considered to be modeled after Strategy's (MSTR) STRC, is a preferred stock that pays a weekly dividend at a 9.50% annual rate. It is currently trading at $89.75, about 10% below its par value.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.14% - Nasdaq: +0.63% - Dow Jones: -0.05%

A Bittensor (TAO) developer has released a proposal to change the validator reward system, aiming to convert chronic selling pressure from subnet tokens into net buying pressure, CoinDesk reported. In a proposal titled "Root Reborn," a developer known as unconst explained that Bittensor currently comprises dozens of subnets, each with its own cryptocurrency. The current system requires individual validators to swap their reward tokens for TAO, a process that creates persistent selling pressure and price declines for the subnet tokens. The proposed method would allow validators to directly choose which subnets to support and reinvest their rewards back into them. The developer noted that this would also help identify high-performing subnets. The code for the proposal has been published, and while it initially had some flaws, they have since been corrected.

Decentralized cryptocurrency exchange (DEX) Aster (ASTER) has launched a campaign for new users offering bonuses of up to $100,000, the project announced on its official X account. Rewards will be granted to users who meet specific deposit and trading volume requirements. The campaign runs from 10:00 a.m. UTC on June 17 to 10:00 a.m. UTC on June 24, with rewards to be distributed within 14 business days after its conclusion. Market makers are excluded from participation, and users found engaging in wash trading, volume manipulation, or Sybil attacks will be disqualified.

New York Stock Exchange-listed e-commerce company DDC Enterprise (DDC) has purchased an additional 95 BTC, BitcoinTreasuries reported via X. The company now holds 2,899 BTC, ranking it 28th among all publicly traded companies for Bitcoin holdings.

A bipartisan group of U.S. senators has introduced a resolution opposing any pardon or sentence reduction for FTX founder Sam Bankman-Fried (SBF), Decrypt reported. The effort is led by lawmakers including Democrat Rubén Gallego and Republican Cynthia Lummis. The senators argued that SBF has shown no remorse for his crimes and dismissed his claims that the prosecution was a form of political persecution. SBF officially requested a pardon from U.S. President Donald Trump on June 8, and a U.S. appeals court rejected his appeal request on June 12. SBF has also reportedly mentioned plans to issue a new cryptocurrency after his release. Although Trump stated in January that he had no plans to pardon SBF, the senators appear to have introduced the resolution due to his history of pardoning other crypto-related figures, the outlet noted.

SpaceX (SPCX) has surged over 40% since its listing to reach a market capitalization of approximately $2.5 trillion, about double that of Bitcoin (BTC), according to an analysis by CoinDesk. The media outlet argued that SpaceX is competing with the crypto market for investment funds, as both fall under the same theme of innovative investments. The recent rally suggests that capital from risk assets and the attention of retail investors are shifting toward the AI sector. CoinDesk highlighted that SpaceX is no longer just a space company. Following its acquisition of Elon Musk's xAI in February, it secured the Grok model and data centers, transforming into an AI firm that competes with OpenAI and Anthropic. As an example of this capital competition, CoinDesk pointed to Ark Invest recently selling some of its existing assets to raise funds to invest in SpaceX.

Plasma (XPL) announced on X the launch of its premium membership service, Plasma One. According to CoinMarketCap, XPL is currently trading at $0.1054, up 9.72% over the past 24 hours.

The Monetary Authority of Singapore (MAS) added crypto exchange Bybit to its Investor Alert List on June 17, Wu Blockchain reported. The list is published to warn the public about entities that are not regulated by the MAS or may be wrongly perceived as being licensed by the authority.

An address linked to the Bhutanese government deposited 533.2 BTC, worth $34.52 million, to Binance about 15 minutes ago, according to EmberCN. Such deposits to exchanges are typically interpreted as a precursor to selling. EmberCN estimates that the Bhutanese government has sold a total of 10,451 BTC since June of last year, cashing out approximately $979 million at an average price of $93,738. The government's current holdings are now 1,750 BTC, valued at $113 million.

U.S. privately held mining company Ionic Digital announced that it mined 24.77 BTC in May and did not sell any of its holdings. The company held 2,861 BTC as of the end of May.

Decentralized exchange (DEX) Aster (ASTER) announced through its official X account that it is expanding its buyback and burn ratio to 198%. Effective from 12:00 p.m. UTC on June 17, 99% of daily platform fees will be allocated to ASTER buybacks, with the treasury simultaneously burning an equivalent amount of tokens. The bought-back ASTER will be distributed to stakers. According to the announcement, this policy will run automatically until ASTER's total supply decreases from 8 billion to 3 billion. Additionally, a 50,000 USDT fee from each permissionless listing on the Aster spot market will be used for the buybacks.

U.S. investment bank Benchmark has maintained its 'Buy' rating and $270 price target for Coinbase (COIN) following the company's announcement of its goal to become a comprehensive exchange, The Block reported. Coinbase previously stated it would transform into a comprehensive infrastructure platform by unveiling a product suite that includes stocks, derivatives, AI, and consumer finance. Benchmark explained that Coinbase's announcement shows it is evolving from a strategy as a cyclically affected exchange to an infrastructure platform connecting the nascent on-chain economy with traditional finance. The bank added that Coinbase's recent expansion into prediction markets, AI agents, and its Layer 2 Base infrastructure are further evidence of its business expansion beyond spot trading.

Crypto neobank Revolut has secured approval for a Stored Value Facility (SVF) license from the Central Bank of the UAE, paving the way for its entry into the Middle East and North Africa market, Bloomberg reported. The company plans to first establish its technological, operational, and local capabilities before the official launch of its services.

Approximately $8.6 billion worth of Bitcoin options set to expire this month are now out-of-the-money (OTM) following a drop in the cryptocurrency's price, CoinDesk reported, citing data from Deribit. OTM refers to options that are not profitable to exercise at the current price. Of the roughly $10.6 billion in open interest for the options expiring on June 26, only about 20% are in-the-money (ITM), leaving the remaining 80% at a loss. This structural imbalance could trigger increased short-term volatility as market makers and traders adjust their hedge positions before the expiration date. The report noted that the max pain price for the options market is currently around $74,000, approximately 14% higher than Bitcoin's spot price of $65,000. Significant open interest is concentrated at the $60,000 put options (about $450 million) and the $80,000 call options (about $406 million), which are being perceived as key support and resistance levels.

Bitcoin could be influenced by three key factors at the upcoming U.S. interest rate decision, scheduled for 6:00 p.m. UTC on June 17, CoinDesk reported. According to the outlet, Bitcoin could rally if the Fed's dot plot shows fewer than 80% of members forecasting a rate hike in December. Dovish remarks from new Fed Chairman Kevin Warsh, citing lower oil prices and AI-driven inflation easing, could also serve as a positive catalyst. Furthermore, CoinDesk noted that Warsh, who has previously criticized the Fed for excessive communication with the market, might announce a significant reduction in forward guidance, potentially leading to high volatility.

Bitcoin is showing signs of entering a bear market bottom, as 79% of its circulating supply is held by long-term holders and selling from dormant wallets has sharply decreased, according to an analysis by K33 Research reported by The Block. K33 Research explained that in past bear markets, price surges led to significant sell-offs of dormant supply, but on-chain selling pressure from coins held for over two years has been markedly lower this year. The firm noted that 79% of Bitcoin's circulating supply is held by investors for over 155 days, and this cohort is not selling, while waiting demand absorbs the remaining sell volume. Other typical bottom signals observed include 50% of the total circulating supply being at a loss, slowing outflows from spot ETFs, and declining trading volume. However, The Block added that other firms, including Wintermute, Glassnode, and Bitfinex, maintain a cautious stance, suggesting that factors like stablecoin growth and weak institutional demand could lead to further price declines. Market prices are also expected to be influenced by the ongoing peace agreement process between the U.S. and Iran and the FOMC meeting led by the new chairman, scheduled for 6:00 p.m. UTC on June 17.

The U.S. Federal Reserve's upcoming interest rate decision could be a watershed moment for the market in June, according to crypto analyst Killa, Cointelegraph reported. The analyst suggested that if Bitcoin fails to maintain its $64,000 support level, it is highly likely to retest the $60,000 low. Killa added that while there has been recent bullish sentiment building ahead of the FOMC meeting, the market has historically reacted more often with a decline than a rally around the event. Defending the $64,000 support level is essential to maintain the current bullish structure, he noted. Meanwhile, Niels, co-founder of STABL, predicted that BTC could see a short-term rebound due to the FOMC and progress in U.S.-Iran peace negotiations. However, he suggested the downtrend could resume afterward, potentially leading to a correction to $55,000.

U.S. President Donald Trump said the U.S. will strike Iran again if it is not satisfied with the developing situation.

U.S. President Donald Trump stated that reports of $300 billion in funds related to Iran are not true. He emphasized that the United States has never established a fund to invest in Iran.

Hyperliquid's (HYPE) open interest in perpetual futures has surpassed $10 billion, with growth primarily driven by expanded trading in products linked to stocks, commodities, and unlisted shares, according to an analysis by Talos. In a report, Talos noted that Hyperliquid has grown into the world's third-largest perpetual futures exchange. The growth is underpinned by the expansion of its HIP-3 market, a governance proposal that allows anyone to create markets on the platform for assets beyond crypto, including stocks, commodities, and indices. Approximately $4 billion of the total open interest is estimated to originate from these HIP-3-based markets. Products linked to crude oil, the Nasdaq 100, and technology stocks have recorded particularly high trading volumes, while the pre-market for the SpaceX IPO attracted over $250 million in open interest before the company's listing. Talos explained that Hyperliquid's trajectory shows how crypto trading platforms are expanding beyond digital assets to provide exposure to traditional financial markets. Meanwhile, Hyperliquid recently launched a prediction market based on off-chain events. As of last week, the platform recorded over $15.6 million in fee revenue, ranking it as the third-highest fee-generating protocol in the industry, following Tether and Circle.

The spot Cumulative Volume Delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The upper section shows a Volume Heatmap, while the lower section displays the 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 may act as potential support or resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line indicates orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Zama, Morpho, and Steakhouse Financial will launch a privacy-preserving cryptocurrency yield product based on fully homomorphic encryption (FHE) next week, The Block reported. The product is described as the first of its kind on the Ethereum network. It will allow Zama's cUSDC holders to deposit assets into a Morpho vault and earn interest without exposing their balances or trading strategies on-chain. Zama and Morpho anticipate the offering will meet the privacy demands of institutional investors.

AI social engine infrastructure provider X-Agent announced via its official X account that it has joined an AI agent payment white paper project led by Singapore-based crypto management platform Interlace. X-Agent will be responsible for the project's agent application layer. The company, which supports the creation and deployment of no-code AI agents, stated it has over one million users and a social graph network of more than 50 million. X-Agent noted that as AI evolves from answering questions to performing real-world actions, robust security for autonomous financial execution is essential. It added that its Secure Runtime Environment (SRE) provides an independent security layer to protect user data and private keys. Other participants in the white paper project include Cobo, BlockSec, STABLE, Conflux (CFX), Bitget Wallet, and Hetu. The paper is scheduled for release within the next one to two months.