Nearly Half of Circulating Bitcoin Is Underwater, Suggesting Bottom May Not Be In

Nearly half of the Bitcoin currently in circulation is being held at a loss. Crypto trading platform CEX.IO said June 16 that about 10 million BTC was trading below its purchase price, or roughly half of the circulating supply. CEX.IO said Bitcoin ha

Mantra to Be Acquired by Existing Investor Inveniam Capital Partners

Real-world asset-focused Layer 1 blockchain Mantra (OM) will be acquired by existing investor Inveniam Capital Partners. The companies have signed an acquisition agreement, and the deal is slated to close in the third quarter, The Block reported on J

US Stocks Close Higher, Nasdaq Jumps 3.07%

The three major US stock indexes closed higher on June 16. The Nasdaq Composite rose 3.07% from the previous session to 26,683.94. The Dow Jones Industrial Average gained 0.92% to 51,671.83, while the S&P 500 climbed 1.65% to 7,553.96.

BofA Backs TeraWulf’s Shift From Bitcoin Mining to AI Data Centers

Bank of America gave a positive assessment of Bitcoin miner TeraWulf’s move into AI data centers. The Block reported on June 15 that BofA laid out its view on TeraWulf in a report titled “Bye Bye Bitcoin, Hello AI Data Centers.” BofA analyst Michael

Benchmark Says Crypto Industry Could Gain Most if SEC Scraps Market-Structure Rules

The cryptocurrency industry could be the biggest beneficiary if the US Securities and Exchange Commission moves to scrap stock market-structure rules, Benchmark said. The SEC’s proposal to eliminate rules including the Best Execution requirement coul

Binance Commands More Than 60% of SpaceX Perpetual Futures Market

Cryptocurrency exchange Binance has captured more than 60% of the market for SpaceX perpetual futures. Walter Bloomberg reported on June 15 that Binance accounted for more than 60% of trading in SpaceX perpetual futures, underscoring its dominance in

Iran Says It Is Still Sending Terms to US Via Qatar, No Final Deal Yet

Iran said it has not yet reached a final agreement with the US, even as speculation grows that a deal between the two countries is close. Iran is relaying the terms it wants to Washington through a Qatari negotiating team currently in Tehran, the sem

Reuters: US Weighs Releasing $25 Billion in Frozen Iranian Assets, Including Cash Transfers

The US is considering a plan to release $25 billion in frozen Iranian assets as an agreement with Iran nears, Reuters reported. Reuters reported on June 14 that a senior Iranian official said a draft memorandum of understanding with the US includes a

Trump Says US-Iran Deal May Be Signed June 14, Warns of ‘Other Options’

President Donald Trump said a US-Iran agreement could be signed on June 14 if talks proceed as planned. Walter Bloomberg reported on June 13 that Trump said a deal with Iran was scheduled to be signed the next day and that he hoped the process would

Iran Says It Will Charge Service Fees for Ships Using Strait of Hormuz

Iran said it plans to charge service fees for ships using the Strait of Hormuz. Fars News Agency reported on June 13 that an Iranian Foreign Ministry spokesman said Iran would have to charge for services provided in the Strait of Hormuz. The comments

Iran’s Araqchi Says Tehran Will Keep Influence Over Strait of Hormuz, No Return to Prewar Order

Iranian Foreign Minister Abbas Araqchi said Tehran will maintain its influence over the Strait of Hormuz even as prospects for an agreement with the US have emerged. Walter Bloomberg reported on June 12 that Araqchi said, "Our sword will always hang

U.S. Stocks Turn Higher; Nasdaq Up 0.27%

The three major U.S. stock indexes were trading higher. The Nasdaq Composite was up 0.27% at 25,879.89 as of 3:30 a.m. on June 13, compared with the previous session. The Dow Jones Industrial Average rose 0.74% to 51,224.26, while the S&P 500 gained

Axios Says Trump Expects U.S.-Iran Deal to Be Signed This Weekend or Early Next Week

President Donald Trump still expects an agreement between the U.S. and Iran to be signed this weekend or early next week, Axios reported. Axios reported on June 12 that Trump sees a deal with Iran being signed over the weekend or as early as Monday.

Standard Chartered Says Crypto Winter Is Over, Bitcoin Has Passed Bottom

Standard Chartered said the digital-asset market has already moved past its bottom despite Bitcoin’s recent slump. Decrypt reported on June 12 that Geoff Kendrick, the bank’s head of digital-asset research, said Bitcoin recently fell to about $59,000

Iran Says No Final Decision Yet on US Deal, Official Announcement to Follow

Iran said it has not yet made a final decision on an agreement with the US, after President Donald Trump said a deal with Tehran was effectively complete. Iran's Foreign Ministry said on June 11 that the country had not yet reached a final decision o

Trump Says Iran Deal Could Be Signed Within Days, Cites Positive Stock-Market Reaction

President Donald Trump said a deal with Iran could reach the signing stage within days, though Tehran has yet to confirm that officially. The New York Times reported on June 11 that Trump, speaking at an Oval Office event, referred to the Iran deal f

JPMorgan Says Inflation-Hedge Demand for Bitcoin, Gold Is Weakening

JPMorgan says demand for Bitcoin and gold as inflation hedges has weakened broadly. The Block reported on June 11 that the bank sees outflows from gold ETFs, while spot-Bitcoin ETFs have posted net outflows for four straight weeks. Institutional inve

US Community Banks Launch Ad Campaign Against Stablecoin Rewards Provision

US community and regional banks are pushing back against efforts to allow rewards for stablecoin holders, in the latest sign of mounting tension between traditional finance and the crypto industry over stablecoin regulation. The Block reported on Jun

BlackRock, Fidelity Capture Most Inflows Into US Spot Bitcoin ETFs

The US spot Bitcoin ETF market is increasingly being reshaped around BlackRock and Fidelity, with smaller funds losing ground as investor money concentrates in the largest issuers. CoinDesk reported on June 10 that BlackRock’s iShares Bitcoin Trust (

Netomi CEO Says AI Growth Will Boost Demand for Stablecoins

Puneet Mehta, founder and chief executive officer of AI customer experience platform Netomi, said demand for stablecoins and blockchain-based payment infrastructure will rise sharply as the artificial intelligence industry expands. Mehta told CoinDes

Lubin Says Ethereum Could Shift to Fully ZK-Based Protocol Within 3 to 5 Years

Ethereum co-founder Joseph Lubin said the blockchain could evolve into a fully zero-knowledge-proof-based protocol within the next three to five years. Unfolded reported on June 10 that continued advances in ZK technology would significantly improve

Bitcoin Briefly Regains $62,000

Bitcoin briefly regained the $62,000 level. As of 4:53 a.m. on June 10, Bitcoin was trading at $62,001.27 on Binance's Tether market, down 2.28% from 24 hours earlier.

Kalshi Crypto Perpetual Futures Volume Tops $1 Billion a Week After Launch

Crypto perpetual futures trading volume on U.S. prediction-market platform Kalshi surpassed $1 billion a week after launch, underscoring intensifying competition in the U.S. perpetual futures market. Walter Bloomberg reported on June 9 that Kalshi's

Trump Says US Must Respond to Strait of Hormuz Helicopter Attack

President Donald Trump said the US should respond to a helicopter attack in the Strait of Hormuz, as markets monitor rising tensions in the Middle East and the risk of disruptions to energy supplies. Walter Bloomberg reported on June 9 that Trump sai

Gold Falls More Than 1%, Silver Drops 3%

Gold and silver prices fell sharply, pressured by easing demand for haven assets and profit-taking. Walter Bloomberg reported on June 9 that spot gold fell more than 1% to $4,277.99 an ounce. Spot silver slid 3% to $66.06 an ounce. Gold and silver ha

JPMorgan Plans Broad Rollout of Next-Generation AI Agents This Year

JPMorgan Chase plans to deploy more advanced artificial intelligence agents across its operations before the end of this year, Walter Bloomberg reported on June 9. The move could accelerate competition among global financial firms to adopt AI. The ba

US Treasury Market Sees Fed Holding Rates Higher for Longer, With Odds of Another Hike Emerging

Expectations for Federal Reserve rate cuts are retreating in the US Treasury market. Strong economic data and persistent inflation risks are fueling views that the benchmark rate could stay higher for longer than previously expected. Walter Bloomberg

Trump Made at Least $2.3 Billion From Crypto Ventures After Re-Election, Reuters Reports

President Donald Trump has made at least $2.3 billion from cryptocurrency-related businesses since his re-election, Reuters reported. Individual investors who put money into those assets, meanwhile, are estimated to have suffered steep losses. Reuter

Kremlin Says No Trump-Putin Call Is Planned, Russia-Ukraine Contacts Continue

The Kremlin said no phone call is currently planned between U.S. President Donald Trump and Russian President Vladimir Putin. Markets are watching diplomatic moves tied to U.S.-Russia relations and the war in Ukraine. Walter Bloomberg reported on Jun

Bitcoin Demand Falls to Lowest Since 2019, Raising Capitulation Risk

Bitcoin market demand has shrunk to its lowest level since 2019, according to a new analysis, with traders watching for signs of investor capitulation. On June 9, on-chain analyst MorenoDV said a 30-day composite demand indicator for Bitcoin spot and