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A bullish divergence has appeared on Bitcoin's weekly Relative Strength Index (RSI), according to an analysis by Jamie Coutts, a crypto market analyst at Real Vision. He explained that while BTC retested its February low last week, the RSI remained at a higher level than before. Coutts noted this is the opposite of a bearish divergence seen last September and suggests that selling momentum is slowing. He added that the trend remains bearish across all timeframes and further declines are possible, but noted that similar patterns also appeared in 2015, 2019, and 2022. Coutts predicted that while the bear market may not be over, long-term investors are likely to start accumulating at current levels, while short-term investors will probably wait for a confirmed trend reversal before entering.

Bitmine (BMNR) may not need to acquire more than 5% of Ethereum's circulating supply, according to Chairman Tom Lee. Bloomberg ETF analyst Eric Balchunas reported that Lee compared blockchain investment to holding real estate and predicted that agentic AI will eventually use blockchain for speed and reliability. Lee also noted that Bitmine is likely to be included in the Russell 1000 index at the end of this month, a move that could help stabilize its stock price. The company currently holds 4.59% of Ethereum's total circulating supply.

According to data from Arkham, the U.S. government has transferred an additional $216,000 worth of cryptocurrency from assets seized in connection with FTX and Alameda Research. The latest transfer included Chainlink (LINK), Aave (AAVE), Chiliz (CHZ), and Balancer (BAL), bringing the cumulative value of recently moved assets to approximately $984,000.

A Canadian teenager illegally residing in the U.S. has pleaded guilty in a Miami federal court to conspiracy to commit money laundering after stealing $13 million in cryptocurrency by impersonating Google and other crypto firms, The New York Times (NYT) reported. The suspect, Trenton Johnston, spent the past two years defrauding victims of their crypto, which he then spent on entertainment and private jets. His scheme was uncovered in March after a Rolls-Royce he was driving was pulled over for speeding in Miami. Authorities found that Johnston had laundered the stolen funds by purchasing luxury cars. As part of a plea agreement, he is expected to be sentenced to four to five years in prison.

The Spot CVD chart provides an order book analysis for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap (top) tracks trading volume at specific price levels. The background brightens when the price lingers in a range or moves significantly, with these brighter areas indicating potential support or resistance. - The Cumulative Volume Delta (CVD) indicator (bottom) shows buy and sell orders categorized by trade size. A rise in a colored line indicates an increase in buy orders for that category. For example, the yellow line represents orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap stands at 14, unchanged from yesterday, keeping market sentiment in the "extreme fear" category. The index measures market sentiment on a scale where 0 indicates extreme fear and 100 represents extreme optimism. CoinMarketCap's index is calculated based on factors such as the price movements of the top 10 cryptocurrencies, market volatility, derivatives market data including the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

U.S. President Donald Trump said he would bomb Iran tomorrow night if the country refuses to sign an agreement, Fox News reported.

U.S. President Donald Trump said Iran has requested a halt to the bombing, adding that it will stop soon.

Nasdaq futures have extended their decline to 1%, while S&P 500 futures have fallen 0.6%. According to an official, U.S. military airstrikes on Iran are ongoing.

Iran's Supreme Joint Military Command has announced the closure of the Strait of Hormuz and a ban on all ship traffic.

On-chain analyst Julio Moreno suggested in a CryptoQuant contribution that Bitcoin's current Realized Price is $53,600, noting that historically, major bear market bottoms have formed below this level. Moreno stated that while the Realized Price does not guarantee a market bottom, a decline to that price range is possible given that demand conditions, such as spot ETF fund flows, remain weak. He added that the intensity of recent sell-offs is not yet sufficient compared to past bear market bottoms, with realized losses over the last month totaling only 187,000 BTC. "Therefore, while the current moment can be interpreted as an undervalued period, it will take more time to confirm a bottom unless demand stabilizes and ETF fund flows improve," he concluded.

U.S. officials said American airstrikes on Iran have begun, according to Axios.

An explosion has been heard in the Iranian capital of Tehran, and the country's air defense system has been activated, according to an official.

Investment research firm Hedgeye has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a "Hedged Bitcoin ETF," according to Bloomberg ETF analyst James Seyffart. The specific operational methods and product structure have not yet been disclosed.

Nasdaq-listed Helius Medical Technologies (HSDT), which recently announced a strategy to focus its investments on Solana (SOL), has acquired Light Protocol to enhance its on-chain privacy features, according to The Block. Helius stated that it plans to combine Light Protocol's cryptographic technology with its own infrastructure to build a Solana-based privacy protocol.

According to Axios, President Trump convened a meeting in the White House Situation Room on the afternoon of June 10 to discuss the possibility of new military strikes against Iran.

U.S. Secretary of Defense Pete Hegseth warned on June 10 that the U.S. military would launch a powerful strike against Iran if it does not agree to end its conflict with the United States, CNN reported. Speaking to troops at U.S. Central Command in Tampa, Florida, Hegseth stated that the president is fully focused on the outcome he wants for the American people and is already achieving significant results. He added that, as President Donald Trump said the same day, the U.S. will "hit them hard" if they do not agree to a deal. President Trump also mentioned on the same day that he would carry out additional attacks on Iran.

The upcoming initial public offering (IPO) for SpaceX, scheduled for this week, could trigger a capital shift from the cryptocurrency market to the stock market, according to some analysts. Spencer Hallarn, head of over-the-counter (OTC) trading at GSR, told Reuters that the SpaceX IPO would require $75 billion in liquidity, which could lead to outflows from other risk assets, including crypto, The Block reported. Jeff Park, an advisor at Bitwise, recently argued that the market is selling BTC to raise funds for popular IPOs like those of SpaceX and Anthropic. Similarly, Vetle Lunde, head of research at K33 Research, suggested that investor anticipation for the SpaceX IPO may have contributed to the recent weakness in Bitcoin's price.

Prominent crypto analyst Michaël van de Poppe predicted on X that if Bitcoin (BTC) secures the key resistance level of $64,000, it is highly likely to rise toward the $75,000 and $79,000 levels, where a Chicago Mercantile Exchange (CME) gap is located. He added that BTC is currently consolidating between key price levels and needs to build sufficient strength for an upward breakout. Van de Poppe noted that a breakout above the main resistance has not yet been confirmed and that there are several levels to reclaim for a bullish reversal. He also suggested that a rise to $75,000 could significantly improve market sentiment and substantially ease recent downward pressure.

According to local sources cited by Axios, Iranian and U.S. officials held separate, parallel talks with Qatari mediators in Doha over the past two days. The Qatari side reportedly attempted to arrange a three-way meeting to directly discuss remaining differences, but the Iranian side refused.

The U.S. spot Bitcoin (BTC) ETF market is being reshaped around industry giants BlackRock and Fidelity, according to a report from CoinDesk. The outlet noted that BlackRock's IBIT and Fidelity's FBTC have absorbed the majority of new institutional funds this year. For example, on Jan. 14, spot BTC ETFs saw total net inflows of $840.6 million, with IBIT and FBTC accounting for over 90% of that sum at $648.4 million and $125.4 million, respectively. On April 17, the two funds captured roughly two-thirds of the total $663.9 million in inflows, recording $284 million and $163.4 million. CoinDesk explained that the market is shifting from a competitive landscape with numerous managers to a winner-take-all structure where a few operators with scale, liquidity, and distribution networks attract most of the capital. In a related comment, Diana Pires, Chief Business Officer at sFOX, stated that while some buying pressure has emerged following the recent drop in BTC's price, a significant recovery in spot demand has not yet materialized. She added that institutional investors are maintaining a cautious stance amid continued outflows from spot BTC ETFs.

Solana-based DeFi protocol Raydium (RAY) has issued an official statement confirming a recent hack. Via X, Raydium announced that a hack worth approximately $1.34 million occurred in its old legacy AMM V3 program. The protocol explained that the attacker exploited a vulnerability in the liquidity token issuance validation process, allowing them to bypass liquidity ratio checks and withdraw funds. Raydium assured users that its current mainnet program, SDK, and dApp were not affected. The team pledged to fully compensate for all losses and is conducting additional security audits on all mainnet programs. This follows an earlier report from CoinNess that a potential hack had been detected in Raydium's older liquidity pools.

Stand with Crypto UK, a British cryptocurrency advocacy group, has launched a campaign against banks restricting transfers to crypto exchanges, Cointelegraph reported. The group claims that UK banks are imposing blanket restrictions on transfers to regulated crypto exchanges, thereby hindering access to digital assets. Citing a report from the UK Cryptoasset Business Council (UKCBC), the campaign highlighted that approximately 40% of crypto transactions in the UK are blocked or limited by banks. The report also found that some exchanges have seen around £1 billion in transactions fail over a single year due to bank rejections.

Tether, the issuer of the stablecoin USDT, announced it has led a Series C funding round of up to $1.4 billion for German robotics firm Neura Robotics. According to The Block, Neura develops humanoid robots, autonomous mobile robots, and service robots. Tether added that beyond the investment, it plans to integrate its wallet development kit into Neura's robotic systems.

Bitcoin could form a market bottom in October if it follows historical patterns, according to an analysis by crypto influencer Ash Crypto. Posting on X, he explained that in previous cycles, BTC has typically bottomed out approximately 11 months after its monthly MACD confirmed a dead cross. The current cycle is seven months past this signal. If this pattern holds, BTC could reach its low around October of this year, a timing that would align with the four-year cycle preceding the next bull market. However, he cautioned that this analysis is based on past cycles and that actual market movements could vary depending on macroeconomic conditions and shifts in supply and demand.