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Iran will limit the number of ships passing through the Strait of Hormuz to a specific number each day, Iranian media outlet Fars News reported, citing a military source. The exact number of vessels permitted will be adjusted daily based on the prevailing situation.

BTC's implied volatility is holding at relatively low levels ahead of the $10.5 billion quarterly options expiry, according to an analysis by crypto derivatives exchange Deribit. The Deribit Volatility Index (DVOL) is currently at 41.5%, a significant drop from its 90% level in February of this year. Low implied volatility in BTC suggests that traders do not expect large price swings in the near future. This, in turn, lowers option premiums, reducing the cost of hedging or making directional bets. In an interview with CoinDesk, Deribit Chief Business Officer Jean-David Péquignot assessed that while BTC volatility is low compared to historical levels, it is not at an extreme low.

The U.S. Office of the Comptroller of the Currency (OCC) has proposed a new rule that would apply the Bank Secrecy Act and the GENIUS Act to stablecoin issuers, PYMNTS reported. The proposal would require these firms to establish Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) programs. Additionally, they would need to comply with reporting requirements from the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC).

U.S. President Donald Trump stated that an agreement has been reached to keep the Strait of Hormuz open without any further maritime blockades. He added that Iran has consented to long-term nuclear inspections, which he described as a key condition of the negotiations.

The cryptocurrency market is showing weakness due to a sell-off in U.S. tech stocks and an accelerating rise in the Dollar Index (DXY), CoinDesk reported. The media outlet explained that the decline appears to be driven by short-side leverage in the derivatives market, with defensive sentiment against downside risk persisting in the options market ahead of Friday's expiration. Despite the overall market weakness, some privacy altcoins have performed well. Attention is also turning to a potential technical rebound as the market's average Relative Strength Index (RSI) enters oversold territory.

Oman and Iran have issued a joint statement emphasizing their sovereign rights within the territorial waters of the Strait of Hormuz. The two nations also affirmed their commitment to ensuring safe passage through the strait.

Japanese financial giant SBI Group will issue a yen-pegged stablecoin, JPYSC, this week, Nikkei reported. The issuance will be managed by SBI Shinsei Trust Bank, with trading support provided by crypto firm SBI VC Trade. The stablecoin was co-developed with Singaporean fintech firm Startale Group.

Excessive leverage in the cryptocurrency market has been largely resolved, according to an analysis by crypto market maker Wintermute. The firm noted that consistent BTC purchases by Strategy have also eased potential selling pressure. However, Wintermute cautioned that demand from major buyers like ETFs and Strategy has weakened considerably compared to the past. If the structure of capital inflows does not improve, the market is likely to remain range-bound for the foreseeable future, the firm added.

The Lebanese militant group Hezbollah said in a statement that an Israeli attack on southern Lebanon violated their ceasefire agreement.

MyTonWallet, a wallet within the Telegram ecosystem, has announced its rebranding to My Wallet and will now support 11 blockchain networks. The wallet offers portfolio tracking, fee-free transfers, transaction simulations, and a built-in AI agent.

Wang Chun, co-founder of F2Pool, the world's fourth-largest Bitcoin mining pool, has purchased $4.57 million worth of BTC and ETH over the past 24 hours, according to on-chain analyst ai_9684xtpa. An address presumed to belong to Wang Chun withdrew 50 wBTC at an average price of $62,260 and 822.51 ETH at an average price of $1,771.89.

The European Parliament's economic committee has passed a regulatory proposal for the digital euro, according to officials.

An anonymous whale has opened a 20x long position on Hyperliquid with 27.9 million XRP ($30.9 million), Onchain Lens reported. The position's liquidation price is $0.923947. The whale also holds a 20x long position in 809.9 BTC, valued at $50.6 million.

Bithumb has announced that it will temporarily suspend deposits and withdrawals for ZeroG (0G) starting at 9:00 a.m. UTC on June 25 to support a network upgrade.

An anonymous whale, dormant for seven months, has deposited 2,010 ETH ($3.3 million) to Binance, Onchain Lens reported. The address currently holds 8,016 ETH ($13.24 million) and has previously withdrawn a total of 10,026 ETH. The total estimated loss is around $12.7 million.

Iran's ambassador to Geneva stated that the Strait of Hormuz is fully open to merchant ships and that large quantities of crude oil are currently being transported through the waterway, according to the state-run Iranian Students' News Agency (ISNA).

An anonymous whale address starting with 0x9137b has opened a short position of 554,680 SOL, worth $38.14 million, on Hyperliquid (HYPE), Onchain Lens reported. The position has an average entry price of $69.23 with 20x leverage and a liquidation price of $84.88. The same address also holds an 11x leveraged short position on ETH worth $4.25 million, with an entry price of $1,680 and a liquidation price of $5,134.3.

Ethereum Layer 2 project Taiko (TAIKO) announced on X that it has identified the root cause of a $1 million exploit that occurred in its Vault yesterday. While the project did not disclose the specific cause, it stated that it plans to restart the chain within a few days. Taiko added that it is prioritizing affected users and working with its DAO board to determine the best course of action.

Glassnode noted on X that as Bitcoin's decline deepens, an increase in long position open interest on Hyperliquid (HYPE) is elevating the risk of a long squeeze. The analytics firm explained that despite the downturn, dip-buying sentiment is spreading, leading to a concentration in long positions. While selling pressure on altcoins is decreasing, Glassnode added that the overall market trend is being driven by Bitcoin's downward momentum.

Prominent crypto analyst Michaël van de Poppe has cited geopolitical risks related to Iran and selling pressure from BTC miners as the key reasons for the recent Bitcoin (BTC) correction. On X, he noted that selling from spot BTC ETFs only began in the last two weeks and that Michael Saylor's purchasing activity failed to significantly impact the market. Poppe suggested the correction was likely caused by the Iran-related issues, miner sell-offs, or a combination of both. He added that with the possibility of de-escalation in Iran now on the table, the correction phase may be nearing its end. Poppe also stated that he is continuing to buy BTC, reasoning that the market never allows for easy profits.

Miller Whitehouse-Levine, head of the Solana Policy Institute (SPI), believes there is a 50-50 chance that the CLARITY Act, a key piece of U.S. crypto regulation, will be passed this year. In an interview with Money Today, he noted that this is a significant increase from his estimate of around 15% just six months ago, citing recent progress. Whitehouse-Levine explained that the biggest sticking point is an ethics provision, as the Democratic Party wants to establish safeguards to check President Donald Trump's involvement in the crypto industry before the bill is brought to a Senate vote.

An impending dead cross between Bitcoin's 50-week and 100-week simple moving averages (SMA) could signal a market bottom and the start of a long-term bull market, according to a CoinDesk analysis. While a dead cross is typically interpreted as a bearish signal, historical charts show this specific event has previously been followed by the end of a bear market and a subsequent three-year bull run. The outlet explained that SMAs are strong lagging indicators, and by the time a 50/100-week dead cross occurs, significant deleveraging, an exit of short-term speculative capital, and capitulation selling have often already taken place. However, factors such as interest rates, ETF fund flows, and the movements of MicroStrategy (MSTR) will also affect future price direction, CoinDesk added.

Binance has announced it will delist four spot trading pairs: ME/USDC, NOT/FDUSD, PARTI/BNB, and SUPER/BTC. Trading for these pairs will cease at 3:00 a.m. UTC on June 26.

According to data from Coinglass, a Bitcoin price increase past $63,571 would trigger the liquidation of approximately $557.21 million in short positions on major centralized exchanges. Conversely, a drop below $61,639 would lead to the liquidation of $192.72 million in long positions.

According to CoinNess market monitoring, BTC has fallen below $62,000. BTC is trading at $61,943.71 on the Binance USDT market.