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An anonymous whale address starting with 0xbc1a swapped $11.81 million in USDC for 7,000 ETH about 10 minutes ago on the decentralized exchange CoW Swap (COW), according to Onchain Lens. This latest purchase is part of a larger accumulation trend, with the address having bought 17,800 ETH worth $29.76 million over the past 10 days at an average price of $1,672.

Coinbase (COIN) plans to support trading in perpetual futures, stock options, and stock token options for pre-IPO companies, CEO Brian Armstrong announced on X. He added that the company will overhaul its institutional platform, Coinbase Advanced, to reduce the gap between U.S. and global users. Coinbase has also begun integrating global liquidity with the derivatives exchange Deribit. Through its developer division, Coinbase Dev, the company will launch stablecoin payment features for businesses and a new developer dashboard. For its Layer 2 network, Base, Coinbase will introduce a privacy transaction feature and a web-based app. Armstrong also stated that Coinbase aims to become a bank account for AI, supporting connections between Coinbase accounts and AI agents, along with AI-based financial consulting.

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: $152.85 million liquidated (89.81% longs) - ETH: $119.46 million liquidated (78.26% longs) - SOL: $15.63 million liquidated (88.5% longs)

Morgan Stanley has submitted revised filings for its spot Ethereum (ETH) and Solana (SOL) ETFs to the U.S. SEC, The Block reported. This marks the second amendment since the initial applications in January. The proposed fee for both ETFs is 0.14%, among the lowest in the industry. The updated filings detail plans to stake a portion of the funds' crypto holdings to generate additional rewards, naming Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada as staking service providers. These providers will receive 5% of the staking rewards as a fee. The proposed tickers are MSSE for the ETH ETF and MSOL for the SOL ETF.

According to CoinNess market monitoring, the USDC/BTC pair on Bithumb experienced a flash crash of 43% around 2:55 a.m. UTC on June 19. The price of USDC momentarily plunged to 0.00000684 BTC, equivalent to a sale price of $0.43 (approximately 661 won) at the time of the trade. The token has since recovered to the 0.00001583 BTC level on the exchange, trading at a won-equivalent price of 1,506.

Trent Van Epps, who was formerly responsible for core development funding at the Ethereum Foundation, has warned that the sector could face a funding crisis within three to nine months, Wu Blockchain reported. He noted that spending cuts by the foundation and the termination of the Client Incentive Program (CIP) could lead to such a shortfall. Van Epps stressed that while maintaining the core development ecosystem costs about $30 million annually, new institutions and funding mechanisms are needed, as the foundation was not established to be the network's permanent steward.

South Korean crypto exchange Bithumb announced it will list Re-protocol (RE) on its KRW market at 6:00 a.m. UTC on June 19.

Sui (SUI) has introduced a decentralized Seal key server to its mainnet, powered by multi-party computation (MPC), the project announced on X. The mainnet launch follows its introduction on the testnet in March. Seal is an access key system used for encrypting application data. The system offers a more robust trust model by distributing encryption authority and key trust across multiple servers while maintaining the same access policies as the software development kit (SDK) that facilitates everyday cryptocurrency payments.

TONCOIN has fallen by 4.51% in the past five minutes on the COINNESS market. Currently, TONCOIN is trading at $2,455.

South Korean crypto exchange Upbit announced that it will list PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP for trading against BTC and USDT at 6:00 a.m. UTC on June 19.

Prediction market Kalshi has surpassed $2 billion in annual revenue and has begun discussions with several investment banks about a potential IPO, The Information reported. The revenue growth is attributed to increased betting on the outcomes of events like U.S. National Basketball Association (NBA) games and the World Cup. Kalshi is reportedly in informal talks with multiple financial institutions for IPO advisory services and is requiring any investment bank wishing to join its advisory team to integrate with the Kalshi platform's system.

Bitcoin remains in a sell-off risk zone, while the altcoin market has entered a phase of suppressed momentum, according to an analysis by Altcoin Vector, Swissblock's altcoin-focused X account. The firm noted that both upward and downward momentum indicators are currently low. While there is no strong correction pressure across the market, there is also a lack of new catalysts for a rally. In such phases, altcoins often trade sideways, exhibit increased volatility, or continue a gradual decline. However, the analysis pointed out that historically, a period of suppressed momentum is often followed by a strong upward surge. This rebound typically occurs after Bitcoin's risk index exits the sell-off zone and selling pressure subsides. Until then, the upward momentum for altcoins is likely to remain limited.

Israeli artillery units have again attacked the Rahbeh area in Nabatieh, southern Lebanon, according to reports from Iranian media outlets such as Mehr News Agency, IRNA, and Fars News Agency. Sources on the ground reported fierce clashes between Hezbollah and Israeli forces on several fronts in southern Lebanon. Hezbollah claims to have destroyed at least five military vehicles, while four Israeli helicopters were reportedly deployed to the area to evacuate wounded soldiers.

Strive CEO Matt Cole stated on X that the recent intraday price drop in Strategy's (MSTR) preferred stock, STRC, and Strive's (ASST) preferred stock, SATA, was a temporary event driven by a cascade of leverage liquidations rather than a fundamental decline in the assets' credit quality. On June 18, STRC briefly plummeted to $82.5, while SATA fell into the low $90s. Cole explained that the volatility was the result of forced liquidations of investors who had taken on excessive leverage using the assets as collateral. He drew a parallel to past cases where hedge funds using highly leveraged positions with U.S. Treasuries went bankrupt, emphasizing that the underlying collateral's value was not impaired. He stressed that Strive's dividend reserves are being maintained and that there is no disruption to the company's ability to meet its dividend obligations or its long-term strategy. SATA is a preferred stock similar to STRC, issuing new shares to buy BTC when its price exceeds a face value of $100. Unlike STRC, which pays dividends twice a month, SATA reportedly provides dividends every business day.

Amid its recent rally, SK Hynix's market capitalization has surpassed that of Bitcoin. According to data from Infinite Market Cap, SK Hynix's market cap is $1.297 trillion, ranking it 17th among all asset classes. Bitcoin has fallen to 19th place with a market cap of $1.261 trillion, also trailing Micron, which is ranked 18th at $1.278 trillion. Meanwhile, Samsung Electronics is ranked 13th with a market cap of $1.579 trillion, placing it ahead of Tesla's $1.504 trillion at 14th.

Bank of Japan (BOJ) Deputy Governor Ryozo Himino said the central bank will continue to pursue further interest rate hikes.

CoinMarketCap's Altcoin Season Index has dropped two points from the previous day to 47. The index compares the performance of the top 100 coins, excluding stablecoins and wrapped tokens, against Bitcoin over the last 90 days. An altcoin season is declared when 75% of these top coins outperform Bitcoin over that period. The opposite scenario is considered a Bitcoin season. A score closer to 100 signifies a stronger altcoin season.

Transactions of less than 0.01 BTC now account for approximately 80% of the Bitcoin network's daily transaction volume, reaching its highest level in several years, on-chain analyst Julio Moreno noted in a CryptoQuant contribution. This figure represents a significant increase from around 44% in 2023. Moreno attributed the recent surge in small-scale transactions to the growing activity of protocols like Runes, Ordinals, and BRC-20, which utilize OP_RETURN. He explained that the accumulation of micro-transactions generated by these protocols is rapidly boosting their share of the total transaction count.

Two whale addresses suspected of belonging to the same owner—starting with 0x07b3c and 0xB5b36—have sold 11,888 ETH ($20.28 million) on CoW Protocol at an average price of $1,706, according to Onchain Lens.

Bitcoin options with a notional value of $1.92 billion are set to expire at 8:00 a.m. UTC today, June 19, according to data from crypto options exchange Deribit. The put/call ratio stands at 0.78, with a max pain price—the level at which the most option holders would see their contracts expire worthless—of $65,000. At the same time, $234 million in Ethereum options will also expire. The put/call ratio for ETH is 1.04, and its max pain price is $1,725.

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 the scale of trading volume at specific price levels. The background color brightens when the price lingers in a particular range or experiences a significant move. These brighter areas can potentially act as 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 tracks orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

The Crypto Fear & Greed Index from data provider Alternative stands at 20, unchanged from yesterday, indicating continued fear in the market. The index ranges from 0, representing extreme fear, to 100, signifying extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

The stock price of SK Hynix, the second-largest company by market capitalization in South Korea, has surpassed the price of Ethereum (ETH) in the local currency. SK Hynix shares opened today at 2.822 million won, up 5.1%, exceeding the opening price of ETH at 2.581 million won. As of this writing, ETH is trading at 2.58 million won on South Korean exchange Upbit, down 0.04% from yesterday.

Prediction market Polymarket is forecasting a 24% chance of victory for South Korea in its second World Cup Group A match against Mexico, scheduled for 1:00 a.m. UTC on June 19. The platform gives Mexico a 48% chance of winning, with a 30% probability of a draw. Current betting volume on the match has reached $12.86 million. Meanwhile, the South Korean national team, led by Coach Hong Myung-bo, has opted for a 3-4-2-1 formation, the same lineup used in its previous game against the Czech Republic.

Garrett Jin, founder of the fraudulent cryptocurrency exchange BitForex, is currently facing a $16.8 million loss on a 5x leveraged long position of 1,268 BTC, valued at $79.73 million, Onchain Lens reported. The position's average entry price is $76,117, with a liquidation price of $16,907. In contrast, Jin realized a $4.17 million profit from a previously held 2x leveraged long position in ZEC.