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Major exchanges have seen $333 million worth of futures liquidated in the past hour. In the past 24 hours, $764 million worth of futures have been liquidated.

The price of spot silver fell to $58 per ounce, its lowest level since last December. The intraday decline reached 5.75%.

Cambrian, a startup building blockchain data infrastructure for institutions and AI agents, has raised $6 million. According to The Block, the round was led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, and Nomad Capital. The funds will be used to build a blockchain data oracle network. Cambrian previously raised $5.9 million last year in a pre-seed round led by the a16z Crypto Startup Accelerator (CSX).

White House spokesperson Anna Kelly, in a statement to BeInCrypto, asserted that the recent U.S.-UAE strategic technology partnership in AI was solely for the national interest of the United States and has no connection to World Liberty Financial. The clarification comes after Senate Democrats strongly demanded a hearing, raising conflict of interest allegations regarding foreign capital inflows. An investment consortium led by a senior UAE royal reportedly reached a secret agreement to acquire a 49% stake in World Liberty Financial for about $500 million just before President Trump returned to the White House. David Warrington, White House Counsel and a legal representative for the Trump administration, also directly refuted the conflict of interest claims. Warrington stated that the president does not engage in any private business dealings that could undermine his constitutional responsibilities, dismissing the proposal for a hearing as nothing more than an ignorant or malicious political attack.

Major exchanges have seen $232 million worth of futures liquidated in the past hour. In the past 24 hours, $649 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $60,000. BTC is trading at $59,844.04 on the Binance USDT market.

A South Korean government delegation has met with the U.S. Securities and Exchange Commission (SEC) to discuss ways to reduce the gap in cryptocurrency regulations between the two countries, Decrypt reported. The talks focused on stablecoin regulation, security token offerings (STO), and cross-border regulatory cooperation. According to meeting minutes released by the SEC, the South Korean side indicated that its process of establishing a legislative framework for virtual assets is significantly influenced by the regulatory direction and legislative progress in the United States.

Strategy's perpetual preferred stock, STRC, has dropped below $82 to a new all-time low, BlockBeats reported. The company has consistently issued the stock near its $100 par value, using the proceeds to purchase Bitcoin. However, with the price now under $82, issuing new shares to raise capital would represent a substantial loss for the company, significantly hampering its ability to acquire more BTC.

Major exchanges have seen $105 million worth of futures liquidated in the past hour. In the past 24 hours, $424 million worth of futures have been liquidated.

Payward, the parent company of crypto exchange Kraken, has led a $20 million Series A funding round for Onyx Odds, a prediction market application for betting on sports outcomes, The Block reported. The round values Onyx Odds at $220 million, a figure reached less than two years after its launch and under a year since it exited its beta phase. The application allows users to trade the outcomes of sporting events like financial instruments on an exchange, moving beyond simple sports betting.

Trading volume in the soccer category on prediction market Polymarket has surpassed $2 billion in just 10 days since the World Cup began, The Block reported. The figure represents a 300% surge compared to the period immediately preceding the tournament. Meanwhile, open interest on competitor platform Kalshi surpassed the $1 billion mark for the first time on June 18, reaching $1.16 billion. This marks a 350% increase since the beginning of the year.

President Donald Trump on June 24 canceled a planned signing ceremony for the 21st Century Housing Act just hours before it was scheduled to take place at the U.S. Capitol, Decrypt reported. The bill includes a provision that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). As Trump has previously pledged to oppose a CBDC, the signing was widely expected to proceed. However, the president announced he would not sign the housing bill unless Congress first passes the SAVE America Act, a Republican-backed bill aimed at preventing non-citizens from voting.

Hong Kong-listed company CIMG has purchased 208 BTC, worth $13.5 million, according to Bitcoin Magazine.

BitMEX co-founder Arthur Hayes has presented a scenario in which Bitcoin could surge to $1 million when the current artificial intelligence (AI) bubble bursts, triggering a massive bailout from the Fed. CryptoSlate reported that Hayes, speaking on the Bankless podcast, argued the AI sector is currently absorbing all market liquidity. Hayes noted that from November 2022 to mid-2026, approximately $1.5 trillion in AI-related debt was issued, a figure that he said nearly matches the increase in the U.S. M2 money supply over the same period. He argued that the vast sums of money printed by the central bank have been entirely absorbed by AI infrastructure, such as data centers and GPU clusters, instead of flowing into the Bitcoin market. Macroeconomic analyst Luke Gromen echoed this sentiment, stating that while the stock market is hitting all-time highs, the structure is unhealthy as a few AI-related stocks are absorbing all liquidity. Describing Bitcoin as "the last working fire alarm" for the state of global liquidity, Gromen suggested that the cryptocurrency's current stagnation is a warning that global liquidity is drying up.

The "debasement trade," a strategy centered on betting against the value of fiat currencies, is rapidly unwinding, Walter Bloomberg reported. According to data from Polymarket, this trend has led to a surge in predictions that Bitcoin (BTC) could fall to as low as $48,000 by the end of the year as investors liquidate these positions. Meanwhile, capital continues to flow into stocks related to artificial intelligence (AI) and semiconductors.

More than $99 million has been liquidated in the cryptocurrency futures market over the past hour, Cointelegraph reported. Of this total, $90 million came from long positions.

An anonymous whale liquidated an 800 BTC ($48.8 million) long position, resulting in a $1.26 million loss as Bitcoin fell below $61,000, according to Lookonchain.

WTI crude oil futures fell below $70 per barrel as an increase in oil tankers passing through the Strait of Hormuz has eased supply concerns.

According to the U.S. Energy Information Administration (EIA), U.S. crude oil inventories, including the Strategic Petroleum Reserve (SPR), fell last week to their lowest level since October 1984.

Dunamu, the operator of South Korean crypto exchange Upbit, has responded to allegations of bribery for listing the PICA coin, which were raised by Lee Hee-jin, a figure known as the "Cheongdam-dong stock millionaire," TechM reported. Regarding a "PICA coin provision and sale history" and an "unofficial 10 million coin payment list" reportedly created by Lee, Dunamu dismissed the documents, stating they were created by Lee's side and that the facts have not been proven. The company emphasized that the documents were unilaterally created by Lee and are not accompanied by objective evidence. Dunamu reiterated that no employee has ever received money or other benefits for the purpose of providing listing support.

According to CoinNess market monitoring, BTC has fallen below $61,000. BTC is trading at $60,958.28 on the Binance USDT market.

The annual cumulative fund flow for global Bitcoin investment products (ETPs and ETFs) has turned negative for the first time since November 2023, signaling potential capitulation from institutional investors, The Block reported. Vetle Lunde, a senior researcher at crypto research and brokerage firm K33, stated that the one-year cumulative nominal fund flow for all global Bitcoin investment products, including spot and futures ETFs, stood at -1,176 BTC as of June 18. This is the first time the annual cumulative flow has turned negative since Nov. 4, 2023. Total assets held by global Bitcoin ETPs now amount to 1,466,029 BTC, a decrease of 127,774 BTC, or about 8%, from the all-time high. K33 described this as the largest outflow it has ever tracked, both in relative percentage and nominal terms, adding that the ETP outflows since mid-May have been unprecedented in their depth and scale. However, the firm also noted a pattern from the 2022 bear market, where Bitcoin bottomed and rebounded just weeks after the annual inflow first turned negative, leaving open the possibility that the market is currently in an oversold phase. "While the sell-off has calmed and leveraged positions have been cleared from the system, there are no signs of new buyers entering," K33 warned. The market is in a fragile equilibrium with no conviction from either buyers or sellers, which could lead to sharp volatility if institutional sentiment shifts decisively in one direction.

The Sentient (SENT) Foundation, a non-profit organization supporting open-source artificial general intelligence (AGI) reasoning and research, announced on June 24 the launch of a $42 million AGI Grant and Investment Program to support the open-source AGI ecosystem. The foundation stated that the program aims to support developers, researchers, and companies building and utilizing open-source AGI. The initiative includes a grant track for researchers, independent developers, and public good initiatives, as well as an investment track for startups and teams. Sachi Kamiya, Head of Ventures & Growth at the Sentient Foundation, emphasized that the future of AGI should be shaped by many rather than controlled by a few. Kamiya added that while some companies seek to monopolize AGI, control access, and set prices, the foundation's goal is to make AGI a public good, like air.

Markus Thielen, founder of 10x Research, predicted that Bitcoin (BTC) is likely to see further declines in the current bear market before establishing a bottom, CoinDesk reported. He pointed to the recent strength of the U.S. dollar as a headwind and noted that the market is pricing in potential interest rate hikes under the hawkish policy of new Federal Reserve Chairman Kevin Warsh. Thielen stated that three key indicators—global liquidity flows, the macroeconomic calendar, and Bitcoin's seasonality—all point to a potential market bottom between late August and October. Historically, September has been a weak month for Bitcoin, often followed by a rally in October, he added. In the current cycle, he forecasts that BTC will likely drop below $60,000 to find a floor around the $55,000 level. Thielen advised that now is a time for patience and that investors should begin to watch the market closely from late August.

Shares of Strategy (Nasdaq: MSTR), the largest corporate holder of Bitcoin, dipped below $100 today for the first time since March 2024, according to Google Finance. The stock hit an intraday low of $99.49 and is currently trading at approximately $100.25.