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Pro-cryptocurrency U.S. Senator Cynthia Lummis stated on X that the CLARITY Act provides $150 million to law enforcement agencies to track down fraudsters and malicious actors in the digital asset sector.

U.S. stock and crypto trading app Robinhood announced it is laying off approximately 10% of its full-time employees to simplify its organizational structure and accelerate product development. According to The Block, Robinhood anticipates the restructuring will incur about $28 million in costs in the second quarter. This includes an estimated $20 million for severance and benefits and $8 million in stock-based compensation.

Coinbase announced that it has added GEOD to its listing roadmap.

Hyperliquid spot ETFs have attracted $172 million in net inflows in the two months since their launch, in stark contrast to Bitcoin spot ETFs, which saw outflows of approximately $5.6 billion over the same period, Decrypt reported. According to data from SoSoValue, three Hyperliquid ETFs listed in May have seen consistent inflows while funds have exited Bitcoin ETFs. The HYPE ETF also reached an all-time high of $75.96 on June 16, having risen 73% in the last month and 196% year-to-date. By product, the Bitwise BHYP led with cumulative net inflows of around $107 million, followed by the 21Shares THYP with $60 million and the Grayscale HYPG with $8.6 million. The cumulative trading volume for the three products has reached nearly $900 million. Jeff Mei, COO of BTSE, commented that HYPE's resilience signals the market is beginning to price in the protocol's fundamentals. He added that the Assistance Fund's token burn is reducing circulating supply, while Coinbase's $5 billion USDC program provides continuous liquidity, strengthening Hyperliquid's competitive advantage.

U.S. President Donald Trump announced on June 16 that he would fully reopen the Strait of Hormuz by June 19.

Jay Jacobs, BlackRock's head of U.S. stock ETFs, outlined three potential investor groups for the firm's new Bitcoin Income ETF (BITA), CoinDesk reported. Jacobs explained that BITA is aimed at income-focused investors seeking to diversify beyond traditional sources like dividend stocks and bonds; BTC holders who want to generate cash flow from their positions while maintaining a bullish outlook; and investors who have previously avoided assets like BTC or gold due to their lack of cash flow generation. Launching today, June 16, BITA will provide monthly income through a covered call strategy. The fund will hold spot BTC and shares of its own spot BTC ETF, IBIT, while selling call options on approximately 25-35% of its portfolio to collect premiums.

India's Directorate of Enforcement (ED) has indicted eight individuals and entities, including Chirag Tomar, for allegedly stealing over $20 million in a phishing scheme that impersonated Coinbase, The Block reported. According to the report, the group created a fake website mimicking the Coinbase platform to steal users' login credentials and two-factor authentication codes. The stolen cryptocurrency was then transferred to wallets they controlled, moved through multiple other wallets, and ultimately converted into Indian rupees via P2P transactions. During its investigation, the ED provisionally attached assets worth 6.455 billion rupees (approximately $6.8 million). Tomar was previously sentenced in the U.S. to 60 months in prison and two years of supervised release. The ED launched its investigation after obtaining materials from U.S. authorities through a Mutual Legal Assistance Treaty (MLAT).

The cumulative number of Ethereum (ETH) developers has surpassed one million, establishing it as the largest developer ecosystem in the blockchain industry, BeInCrypto reported. Consensys co-founder Joseph Lubin announced on X that the vision of one million Ethereum developers, first presented at DevCon5 in 2019, has now become a reality.

Ripple (XRP) has acquired a stake in African fintech firm Flutterwave, valuing the company at $3.3 billion, Bloomberg reported. The size of the investment and the specific stake Ripple acquired were not disclosed. Flutterwave operates in 35 countries across Africa and has been expanding its own cryptocurrency business, including the launch of a U.S. dollar-pegged stablecoin payment service last year.

India should foster domestic Bitcoin mining as a strategic alternative to relying on gold import curbs to defend the rupee, argued Kashif Raza, founder of the crypto education platform Bitinning. According to BeInCrypto, Raza noted that India's annual gold production of around one and a half tons is dwarfed by its imports of 700 to 720 tons, which causes a significant dollar outflow. He explained that Bitcoin, unlike gold, can be produced domestically. Raza suggested a model where locally mined BTC is supplied to domestic exchanges for retail investors, with any surplus exported to generate dollar inflows. While India has not banned crypto mining, it maintains a stringent tax regime, imposing a 30% tax on crypto profits and a 1% tax deducted at source (TDS) on most transactions.

Cryptocurrency market maker Wintermute stated in its latest weekly report that it is too early to determine if the market has bottomed out. The firm noted that while a rebound in risk assets was driven by easing U.S. inflation concerns and reduced geopolitical risk from the end of the conflict in Iran, the recent crypto rally is more a reflection of recovering sentiment toward risk assets than the start of a new bull market. Wintermute analyzed that with no significant signs of improvement in areas like stablecoin net inflows, spot ETF fund flows, or the scale of digital asset treasury firms, it is premature to declare a market bottom.

Humanity (H) has announced its recovery plan following a recent hacking incident. The project explained that it will permanently discard the existing H tokens deployed on Ethereum, BNB Chain (BSC), and its own mainnet. A new Ethereum-based ERC-20 H token will then be issued and airdropped to eligible holders at a 1:1 ratio.

Investors bought approximately 260,000 BTC over a 10-day period after Bitcoin fell below $60,000 earlier this month, CoinDesk reported. Citing Glassnode's UTXO Realized Price Distribution data, the report noted that investors net-purchased 259,298 BTC in the $59,000 to $67,000 range since June 5. Glassnode's Accumulation Trend Score by Wallet Cohort, which reflects both buyer size and accumulation volume over the past 15 days, reached its maximum value of 1.0. The buying pressure was evenly distributed across major cohorts, from holders with less than one BTC, typically classified as retail investors, to those holding up to 1,000 BTC. This marks a shift from the March to May period, when most cohorts were net sellers as BTC's price stagnated around $70,000. However, the total accumulation score has remained at its peak for over two weeks, signaling strong buying interest during the current market correction.

SpaceX is set to acquire Anysphere, the developer of the AI coding editor Cursor, through a merger, according to a filing with the U.S. Securities and Exchange Commission (SEC) reported by Zoomer News. Anysphere was valued at $60 billion.

The market is divided on whether strategies by BlackRock and Japan's Metaplanet, centered on Bitcoin-based income products, will successfully generate new investor demand, CryptoSlate reported. Bullish observers note that these products could attract investors who have been hesitant to purchase spot BTC directly. They argue that if BlackRock's Bitcoin Income ETF (BITA) consistently draws in capital and Metaplanet successfully issues BTC-linked bonds after acquiring Japanese brokerage Shibo Securities, Bitcoin could become a foundational asset for various institutional financial products. Conversely, bearish analysts point out that these artificial yield structures could be easily destabilized by market conditions. They argue that lower volatility would reduce option premiums and, consequently, investor returns. In a sharp price surge, the products would underperform spot BTC, which could be perceived as a relative loss. Furthermore, there is a risk that Metaplanet's bonds could be valued as standard corporate bonds, failing to attract the anticipated level of demand.

Tether, the issuer of the USDT stablecoin, has announced a partnership with the Dubai Multi Commodities Centre (DMCC), a crypto free economic zone in Dubai, to advance tokenization and digital asset education. Tether will provide advisory support to promote knowledge sharing, innovation, and interaction within the DMCC. The two parties also plan to strengthen their market influence by co-hosting events, educational programs, and hackathons.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter when the price remains in a certain range for an extended period or makes a significant move. Brighter-colored areas 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. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

Crypto casino platform BC.GAME has launched Prediction Center, a prediction market service integrated with Polymarket, according to a press release. The new feature allows users to participate in prediction markets for events such as sports matches and cryptocurrency prices.

The International Monetary Fund (IMF) has stated that the rapid adoption of stablecoins in Nigeria is testing the limits of the country's existing monetary and regulatory frameworks, The Block reported. In a recent report, the IMF noted that Nigerian households and small businesses are increasingly using dollar-pegged stablecoins for remittances and international payments. This trend is driven by a sharp decline in the value of the local currency, the Naira, high inflation, and limited access to foreign exchange. The fund warned that the widespread use of dollar-based stablecoins could weaken demand for the Naira and undermine the effectiveness of monetary policy.

Crypto lending firm Nexo's stablecoin balance has reached $8.44 million, a 7.5% increase from the previous figure of $7.85 million, crypto analyst CryptoOnchain reported. CryptoOnchain explained that this steady growth indicates a significant expansion of user engagement and capital inflow into the Nexo ecosystem.

Bithumb has announced the temporary suspension of deposits and withdrawals for Xaion (XION) starting at 8:00 a.m. UTC on June 17 to support its rebranding. The token's ticker will change from XION to VERONA, and its name in Korean will be updated to Verona.

Binance has announced the delisting of five spot trading pairs: ADX/BTC, AEVO/USDC, DOT/BNB, KAVA/BTC, and WBTC/ETH. The removal will take place at 3:00 a.m. UTC on June 19.

Kakao Pay has recently approached major commercial banks to discuss a potential KRW-pegged stablecoin consortium, the Seoul Economic Daily reported. According to the report, discussions are already underway with BNK Financial and JB Financial. A high-level industry official familiar with the matter told the outlet that Kakao had prepared a meeting with multiple banks to discuss the vision, challenges, and future research direction for the project. The official added that conducting a Proof of Concept (PoC) with interested banks was also considered. While the meeting was postponed to allow for further coordination, the source noted that this marks the official start of Kakao's initiative.

Web3 confidential contract platform Inco has announced the official launch of Inco Lightning on the Base mainnet. The project stated that Inco Lightning enables the development of confidential apps on existing EVM chains.

Capital B, a European listed company strategically accumulating Bitcoin, announced it is developing a digital credit product aimed at the European market. According to The Block, Capital B executive Alexandre Laizet stated that the product is being designed with reference to the structure of Strategy's STRC product. He explained the company's goal is to provide a new yield-generating structured product to the European market based on its BTC balance sheet.