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On-chain analyst Ali Martinez noted on X that the Delta Price indicator, which has accurately predicted past Ethereum (ETH) bottoms, is currently near the $700 level. Developed by crypto analytics firm Alphractal, the metric reflects the relationship between the average investor's entry price and miners' production costs, though its relevance for ETH has been debated since the network's transition to Proof-of-Stake (PoS). Martinez added that if history repeats, ETH could retest $700 before its next uptrend.

The SaharaAI (SAHARA) team has reiterated that no team or investor holdings were sold during the token's recent sharp price drop. The team stated that allocated tokens for the team and investors remain untouched on-chain. They also confirmed that market makers Amber Group and Hering Global were operating normally during the crash, the token's smart contract showed no signs of an attack, and token custody remains under the foundation's control. Addressing community speculation, the team explained that on-chain transfers before the drop were scheduled to provide liquidity for a cross-chain bridge to the BNB Chain. They attributed the crash to a cascade of liquidations driven by futures selling pressure, noting that leveraged long positions had accumulated to an all-time high in the three weeks prior. The liquidation of these positions triggered further declines. On June 9, SAHARA crashed by approximately 46%, falling from around $0.03 to $0.013. Despite the team's explanation, SAHARA is trading at $0.01588, down 11.62% over the past 24 hours, according to CoinMarketCap.

U.S. Senator Cynthia Lummis has urged the United States to establish a legal framework for accumulating Bitcoin at a national level. She argued that while other countries are secretly stockpiling the cryptocurrency, the U.S. should do so publicly and based on established law.

Following the announcement that the U.S. Consumer Price Index (CPI) for May rose 4.2% year-over-year, market analysis suggests Bitcoin (BTC) could face additional pressure. Markus Thielen, founder of 10x Research, commented that this CPI reading was not enough to alleviate inflation concerns and is unlikely to be seen as a signal for institutional investors to increase their BTC exposure. He projected that geopolitical risks involving Iran and rising oil prices could amplify inflationary pressures, increasing the likelihood of BTC's price falling below $60,000 in the short term. However, Tim Sun, a senior researcher at HashKey Group, assessed that an actual interest rate hike within the year is unlikely, despite growing market expectations for one. He analyzed that risk-on sentiment could recover once slowing inflation, expectations of a rate cut, and improved liquidity are confirmed.

U.S. spot Ethereum ETFs recorded a total net outflow of $35.5 million on June 10, marking the second consecutive day of net outflows, according to data compiled by Farside Investors. - BlackRock ETHA: -$20.6 million - BlackRock Staking ETHB: +$1.7 million - Fidelity FETH: -$16.6 million

The New Jersey Senate Commerce Committee has unanimously passed a bill to ban the operation of cryptocurrency ATMs, advancing it to the full Senate floor, a media outlet reported. The bill prohibits the ownership, installation, operation, and sale of crypto ATMs and imposes a fine of up to $10,000 for violations. Lawmakers cited the increasing use of these machines in fraudulent activities as the reason for the measure. Delaware's House of Representatives has also passed a similar bill, while Indiana, Tennessee, and Minnesota have already implemented such bans.

StarkWare announced that StarkNet has launched STRK20s, a privacy framework based on Zero-Knowledge (ZK) proofs, on its mainnet. Through supported wallets such as Ready X and Xverse, users can deposit ("shield") or withdraw ("unshield") assets from the privacy pool with a single click and without a complex process. ERC-20 assets that enter the pool are converted into encrypted notes, concealing their balances and transaction histories from public view. The fee per transaction is fixed at four STRK.

Crypto analyst Killa stated that the most recommended strategy for risk management is to buy shares of Strategy, a well-known leveraged proxy for Bitcoin, in small, incremental amounts when the price is between $70 and $100. According to Killa, the risk-reward ratio for purchasing the stock in small increments at its current price level has become very attractive. He explained that while buying Bitcoin spot in the $60,000s and holding until a target of $180,000 would offer an expected return of around 200%, investing in Strategy stock could yield up to 360%.

U.S. Bitcoin spot ETFs recorded a net outflow of $213.84 million on June 10, marking the fourth consecutive trading day of net outflows, according to data compiled by Trader T. - BlackRock IBIT: -$148.47 million - Fidelity FBTC: +$4.04 million - WisdomTree BTCW: +$980,000 - Grayscale GBTC: -$87.91 million - Grayscale Mini BTC: +$17.52 million

M has risen by 4.12% in the past five minutes on the COINNESS market. Currently, M is trading at $3.03.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $106.2 million liquidated (54.66% shorts) - ETH: $78.47 million liquidated (61.01% longs) - XAU: $22.94 million liquidated (93.69% longs)

While multiple indicators suggest Bitcoin is entering the final stages of its correction, the capitulation phase is not yet over, and it is too early to confirm a market bottom, according to an analysis by Glassnode. In its weekly report, the on-chain analytics firm noted that the market is exhibiting characteristics typical of a late-stage correction, with recent buyers facing significant unrealized losses and weakening institutional demand. Although the drop to the $60,000 level cleared out excessive speculative demand through large-scale liquidations of leveraged positions, it has not been followed by meaningful spot buying. Glassnode highlighted that low risk appetite persists, evidenced by reduced institutional participation and slower purchasing by companies holding Bitcoin as a treasury asset. The firm concluded that while various metrics indicate Bitcoin has entered a historically undervalued range, the strong recovery in demand typically seen at a market bottom has yet to materialize.

U.S. blockchain-based online lending platform Figure announced it has signed an agreement to acquire Kiavi, an AI-powered lending platform for real estate investors. According to a press release from Figure, the acquisition is valued at $717 million. The company anticipates that approximately $200 billion in new loans originated annually by Kiavi will be tokenized through its platform.

The South Korean market will leap forward at an incredible speed the moment digital asset regulations are finalized, said Niki Ariyasinghe, Vice President of APAC and the Middle East at Chainlink Labs (LINK), in a recent interview with Maeil Business Newspaper. He added that it is encouraging to see both major political parties in South Korea showing interest in establishing a legal framework for digital assets. According to Ariyasinghe, the high level of knowledge about the Web3 industry among regulators, the private sector, and politicians means that formalizing regulations is no longer a mid-to-long-term task but simply a matter of short-term timing.

Strategy (MSTR) CEO Phong Le said in an interview with CNBC that the company's recent sale of Bitcoin was a deliberate move to test the flexibility of its asset operations and to coordinate dividends for its preferred stock, STRC. Strategy recently sold 32 BTC at an average price of $77,135. Le emphasized that the sale was not due to financial distress but was intended to confirm that the company's internal asset sale systems are functioning correctly and for tax-related purposes. He highlighted that Strategy purchased an additional 1,550 BTC during the same period, maintaining a net-buy position. Le added that while there is uncertainty regarding the Federal Reserve's interest rate path, geopolitical conflicts, and regulatory issues, the company's view of BTC as a strong hedge against inflation and various government-related problems remains unchanged.

According to Arkham data, a whale address dormant for eight years swapped its 599 ETH for 11,692,716 ENA ($990,000) over the past four days. The address first wrapped the ETH into WETH before executing the swap on CoW Protocol.

JPMorgan Chase has analyzed that the U.S. May Consumer Price Index (CPI) may be approaching the peak of the current inflation cycle. David Kelly, Chief Global Strategist at JPMorgan Asset Management, stated the Fed is likely to hold interest rates at its next meeting to monitor incoming data. However, the market still appears to be pricing in the possibility of a rate hike within the year. In the interest rate derivatives market, the probability of a rate hike before the end of the year has increased, with some SOFR options betting on the possibility of earlier-than-expected tightening. JPMorgan noted the market is currently torn between expectations of an inflation peak and the prospect of hawkish monetary policy, with the future direction dependent on energy prices and core CPI trends.

Circle's (CRCL) proprietary stablecoin-focused Layer 1 chain, Arc, has unveiled Arc Privacy, a selective smart contract engine for enterprises. The solution is designed to conceal sensitive on-chain data flows, such as payroll, treasury management, tokenized asset administration, and lending activities. While keeping this information private, it allows access for authorities and audit teams to address regulatory requirements. Arc Privacy is also EVM-compatible, enabling development within existing environments.

The European Central Bank (ECB) is expected to raise interest rates in July for the first time since September 2023 in response to ongoing geopolitical uncertainty with Iran and soaring energy prices, Barrons reported. However, many experts warn the move's effect will be limited, as the current inflation stems from an energy supply shortage rather than actual consumer demand. The tightening cycle is projected to be short.

Bithumb has announced it will temporarily suspend deposits and withdrawals for LumiWave (LWA) starting at 2:00 a.m. UTC on June 15 to support the token's rebranding.

Lookonchain reported that about four hours ago, three new wallets withdrew a total of 737.7 BTC, worth approximately $45.6 million, from BitGo. The on-chain analysis firm also noted that a specific whale wallet, starting with bc1q2t, has withdrawn 2,341 BTC ($144.68 million) from OKX over the past five days, including an additional purchase this morning. Lookonchain suggested these actions indicate that whales are accumulating BTC. Withdrawals from exchanges are typically interpreted as a sign of accumulation.

The Osaka Exchange, part of the Japan Exchange Group (JPX), plans to launch a Bitcoin futures market in 2028 to meet the risk-hedging needs of institutional investors in BTC ETFs, Nikkei reported. The move aligns with a plan announced by Japan's Financial Services Agency (FSA) in January to amend the Investment Trust Act enforcement order in 2028, which would classify cryptocurrencies as a specific asset class eligible for investment.

Decentralized satellite internet project SpaceCoin (SPACE) announced on June 11 that it has begun a proof of concept (PoC) with South African information and communications technology (ICT) firm BCX, a subsidiary of the telecommunications group Telkom SA. The PoC, which aims to verify satellite-based Internet of Things (IoT) connectivity, is being conducted with the approval of South Africa's communications regulator, ICASA. Under the agreement, SpaceCoin will provide satellite and terrestrial communication technology, hardware, and technical integration support, while BCX will handle local regulatory approvals, consult with authorities, manage equipment and test sites, and operate on-site tests. SpaceCoin is also pursuing similar technology adoption and demonstration projects with local partners in other countries, including government collaborations in Kenya and Nigeria, as well as initiatives in Indonesia, Cambodia, and Vietnam.

CoinMarketCap's Altcoin Season Index has risen by two points from yesterday to 48. The index compares the price performance of the top 100 coins, excluding stablecoins and wrapped coins, against Bitcoin. An altcoin season is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days, while the opposite scenario is considered a Bitcoin season. A score closer to 100 indicates a stronger altcoin season.

Robbie Petersen, a partner at crypto investment firm Dragonfly Capital, has joined a16z Crypto, the crypto arm of Silicon Valley venture capital firm Andreessen Horowitz (a16z). In a post on X, Petersen stated that if the trend in technology adoption moves toward greater efficiency, the market will inevitably recognize blockchain as the most efficient technology. He added that the current gap between sentiment and fundamentals in the crypto market is wider than ever, which is why he is more optimistic than ever.