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USDC issuer Circle announced it has signed a strategic agreement with Bahraini fintech company INFINIOS to expand digital financial infrastructure in the Middle East. Under the agreement, INFINIOS plans to utilize Circle's infrastructure, including USDC, EURC, and API-based on-chain payment functions. The company will also support institutions and businesses in exploring use cases such as cross-border payments, treasury and liquidity management, merchant settlements, tokenized financial services, and embedded finance.

The recent trend of crypto mining stocks rising independently of the Bitcoin price is due to their transition into the AI data center hosting business, according to an analysis by BIT (formerly Matrixport). In a post on its official X account, BIT explained that investors have begun to re-evaluate mining companies based on their AI infrastructure value, considering factors like power capacity, data center scale, and the ability to attract corporate clients, in addition to their cryptocurrency holdings. The firm noted that while the role of BTC is not diminishing, this shift indicates that market interest is expanding to include broader infrastructure such as energy, computing power, and data centers.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The upper section shows the Volume Heatmap, while the lower section displays the Cumulative Volume Delta. - 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 a significant move. Brighter-colored zones may act as potential 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. For example, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders ranging from $1 million to $10 million.

BTC perp long/short ratios on top exchanges by open interest 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: 49.87% long, 50.13% short - Binance: 49.73% long, 50.27% short - OKX: 50.13% long, 49.87% short - Bybit: 47.83% long, 52.17% short

CEA Industry (BNC), a firm known for accumulating BNB (DAT), and YZi Labs (formerly Binance Labs) have announced a cooperation agreement, appointing three new directors: Ella Zhang, Alex Odagiu, and Matthew Roszak. The appointments resolve a previous management dispute in which YZi Labs, CEA Industry's largest shareholder, had raised concerns about the former management's asset handling and governance. The inclusion of Ella Zhang, a managing partner at YZi Labs, indicates the venture firm's significant influence on the new board. The board plans to enhance transparency in CEA Industry's governance and collaborate on expanding the BNB ecosystem.

Bitcoin could break below the lower end of its trading range due to the U.S. Federal Reserve's hawkish stance, the conflict involving Iran, and draining liquidity, according to an analysis by crypto market maker Wintermute. In a recent report cited by CoinDesk, Wintermute noted that while the options market anticipates low volatility over the next 24 hours, overall market conditions are deteriorating amid shrinking liquidity and stalled spot ETF inflows. The firm stated that if the current downtrend persists, the key support level to watch is $59,000. Key market triggers this week include: - The status of the U.S.-Iran peace agreement - The release of Personal Consumption Expenditures (PCE) data on June 25 - Month-end options expiry This analysis follows a report from yesterday in which Wintermute suggested that potential selling pressure had eased and that Bitcoin would likely remain range-bound unless fund inflow structures improved.

CryptoQuant CEO Ki Young Ju has assessed that MicroStrategy's Bitcoin purchases function more as a liquidity absorption mechanism than a catalyst for price increases. He noted that while BTC's realized cap has grown by $467 billion over the past two years, its price has actually fallen by 1%. Ki argued that even with tens of billions of dollars in inflows, the funds are merely facilitating transfers between existing holders without driving up the price. In an environment with high selling pressure, he analyzed that MicroStrategy's continued buying may only serve to defend a range-bound price rather than initiate an uptrend. Ki further suggested that MicroStrategy should halt its BTC acquisitions until it restores its cash reserves and capacity to pay dividends. He also recommended the company develop a model-based purchasing system and a systematic selling strategy in preparation for the next bull market. CryptoQuant had previously advised MicroStrategy yesterday to stop buying BTC and increase its cash holdings, though some critics have argued that this recommendation is several weeks too late.

As Bitcoin falls to the $62,000 level, the market is focused on whether the $60,000 support level will hold, according to an analysis by CoinDesk. The outlet noted that BTC is approaching the lower end of a trading range it has maintained for the past month, with a lack of institutional fund inflows limiting its price recovery. Institutional investors, who led the rally in the current cycle, are reducing their risk exposure, making a strong rebound unlikely until ETF fund flows reverse. The market views $60,000 as the most important short-term technical and psychological support level, CoinDesk explained.

U.S. spot Ethereum ETFs saw a net outflow of approximately $82.4 million (126.7 billion won) on June 23, according to data from Farside Investors. This marks the fourth consecutive day of net outflows. - BlackRock's ETHA: -$86.1 million - BlackRock's Staking ETHB: -$1.7 million - Fidelity's FETH: +$15.7 million - Grayscale's ETH: -$10.3 million

U.S. spot Bitcoin ETFs recorded a net outflow of approximately $113.8 million (174.9 billion won) on June 23, marking the fourth consecutive day of net outflows, according to data from Farside Investors. - BlackRock's IBIT: -$182 million - Fidelity's FBTC: +$23 million - Ark Invest's ARKB: +$31 million - VanEck's HODL: +$5.3 million - Morgan Stanley's MSBT: +$8.9 million

The Ethereum Foundation's (EF) holdings of ETH are currently valued at approximately $209 million, the lowest level in the past six years, according to on-chain analysis platform Arkham. This valuation is a result of changes in both the amount of ETH held and its price. Arkham noted that the last time the foundation's holdings were smaller than the current amount was in October 2020.

On-chain analyst Darkfost has noted that Bitcoin's short-term holders (STH) remain under pressure. According to the analyst, the current realized price—the average cost basis—for this cohort is approximately $74,800, and BTC has been trading below this level for eight months. The average unrealized loss for these holders stands at 14.4%. Darkfost added that the STH realized price is acting as a resistance level and a break-even point, suggesting that BTC reclaiming this price level would be the first signal of an improving market structure.

The passage of South Korea's Digital Asset Basic Act, the second phase of the country's virtual asset legislation, is at risk of being shelved for the year, Daehan Gyeongje reported. Although the National Assembly's Digital Asset Task Force has completed its work integrating eight related bills, it has become inactive following a recent change in parliamentary leadership. The relevant standing committee, the National Policy Committee, has not yet been formed, and the overall legislative schedule presents further obstacles. Additionally, the government, including financial authorities, has yet to propose its own version of the bill. The outlet added that some market observers believe the delay is linked to the recent surge in the stock market, with the KOSPI surpassing the 9,000-point mark. This view suggests that financial authorities are intentionally slowing the legislative process to prevent capital from shifting to the virtual asset market while the government focuses on boosting the stock market.

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: $156.73 million liquidated (88.52% longs) - ETH: $150.54 million liquidated (87.78% longs) - SPCX: $18.45 million liquidated (57.28% longs)

South Korea's Financial Intelligence Unit (FIU) has referred around 40 unregistered virtual asset service providers to law enforcement agencies, Newsis reported. The outlet noted that because these unregistered businesses are not subject to the country's Virtual Asset User Protection Act or the Act on Reporting and Using Specified Financial Transaction Information, they are vulnerable to risks such as personal data leaks and hacking. They can also be exploited for money laundering and concealing criminal funds.

Tools for Humanity, the developer of Worldcoin (WLD), hired two law firms last year to investigate allegations of bribing Thai officials and making improper payments related to WLD, Business Insider reported. One probe examined business dealings in Thailand conducted through a company linked to a South African businessman, whom U.S. and local authorities have identified as being involved in global cyber fraud. Another investigation focused on claims that senior executives approved payments ranging from hundreds of thousands to millions of dollars to overseas firms to inflate the price of the Worldcoin token. Insiders noted that such actions could potentially violate U.S. Securities and Exchange Commission (SEC) regulations. In response, Tools for Humanity stated that the investigation led it to sever ties with the Thai partner in question and strengthen its internal controls. The company added, however, that no violations of the Foreign Corrupt Practices Act (FCPA) by the company or its employees were confirmed.

U.S. fast-food chain Steak 'n Shake has cut its payment processing fees by 50% by accepting Bitcoin, Watcher.Guru reported. The company supports Bitcoin payments at all its stores worldwide.

Wang Chun, co-founder of F2Pool, the world's fourth-largest Bitcoin mining pool, has purchased approximately $50.71 million worth of ETH and wBTC since June 18, according to ai_9684xtpa. His acquisitions include 12,282.9 ETH at an average price of $1,696.41 and 475.87 wBTC at an average price of $62,788. Most recently, he withdrew 50.5 wBTC ($3.17 million) from Binance an hour ago.

Coinbase Ventures announced via X that it has invested in a total of 367 projects to date. Notably, from November 2025 to June 2026, the firm made an average of five to six investments per month.

An anonymous address withdrew 23,000 ETH ($38.22 million) from Kraken about five hours ago, ai_9684xtpa reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Maryland State Delegate Adrian Boafo has won the Democratic primary for the state's 5th Congressional District, Eleanor Terrett, host of Crypto in America, reported on X. According to Terrett, Protect Progress, an affiliate of the crypto-focused super PAC Fairshake that supported Boafo with around $5.5 million, stated that Boafo is ready to be a leader in what it described as the most pro-crypto Congress in history.

The Bank of Korea (BOK) has warned that shocks in the cryptocurrency market could spill over into traditional stock and foreign exchange markets as the connection between them strengthens. This assessment was included in the central bank's Financial Stability Report for the first half of 2026, released today, Kookmin Ilbo reported. The BOK analyzed that the potential for contagion from crypto to traditional finance is growing due to a more diverse investor base and evolving market structures. The report noted that the immediate impact on South Korea's financial markets is currently limited, as spot and futures crypto exchange-traded funds (ETFs) are not yet permitted and corporate participation is restricted. However, the bank cautioned that if institutional and corporate involvement expands in the future, a significant price shock in crypto assets could spread to the nation's stock and foreign exchange markets.

SaharaAI (SAHARA), which recently experienced a sharp drop in its token price, announced on its official X account that it will postpone unlocks for its team and investors while adding new features. According to the project, investor allocations will be delayed by three months, while founder, team, and advisor allocations will be postponed for six months. However, SaharaAI stated it does not plan to implement a burn mechanism or conduct buybacks for what it termed artificial supply control. The project also revealed plans to introduce a host of new features to its trading platform, Sorin, including perpetual futures. A major multi-chain expansion and a new corporate partnership are scheduled to be announced next week. Additionally, rewards will be increased for its mock investment competition and for users of its desktop app, ClawApp. On June 9, SAHARA plummeted from around $0.03 to $0.013. The team later explained that the drop was caused by a cascade of liquidations centered on selling pressure in the futures market. SAHARA is currently trading at $0.012, down 4.59% from the previous day.

CoinMarketCap's "Altcoin Season Index" currently stands at 45. The index compares the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin over the past 90 days. An "altcoin season" is declared if 75% of these coins outperform Bitcoin during that period. A score closer to 100 indicates a stronger altcoin season.

Japanese automated crypto tax calculation service Pafin announced it will acquire crypto tax service firm Gtax. According to Nihon Keizai Shimbun, the two companies plan to integrate their services and brands this October.