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Chinese public security officials have released a detailed technical report on methods for tracking, seizing, and freezing cryptocurrencies, according to Hong Kong's South China Morning Post (SCMP). The report, co-authored by researchers from the public security bureau, was published on June 4 in the Chinese academic journal 'Forensic Science and Technology.' It outlines digital forensic tools and investigative techniques, covering procedures from evidence collection to transaction tracking and asset seizure. The document also states that Chinese police can obtain Know Your Customer (KYC) information from major exchanges, including Binance, OKX, and HTX, through formal legal processes.

According to an analysis by Onchain Lens, 500 BTC linked to Irish drug dealer Dubliner Clifton Collins was deposited into U.S. crypto exchange Coinbase about 40 minutes ago. The funds, worth approximately $30.76 million, had been dormant for about 10 years. Deposits to exchanges are typically interpreted as a precursor to selling. The wallet associated with Collins still holds 4,500 BTC, valued at around $277.17 million.

U.S. FBI Director Kash Patel belatedly reported his purchase of stock in Strategy (Nasdaq: MSTR), a company known for its Bitcoin accumulation strategy, last November. According to Decrypt, the investment was revealed through public financial disclosures. Patel purchased between $100,000 and $250,000 worth of MSTR on Nov. 21 of last year, when the stock was trading at $181. With MSTR currently trading at around $100.55, Patel's position is down 44% from his average entry price. Regarding the omission of the purchase from a report that was due last December, he claimed it was a result of simple carelessness.

Institutional crypto financial services firm Galaxy Digital (Nasdaq: GLXY) has pointed out a structural contradiction between the U.S. Securities and Exchange Commission's (SEC) custody rules and the demand for DeFi. The firm noted that many Registered Investment Advisors (RIAs) are struggling to comply with the SEC's custody regulations while meeting client demand for DeFi investments. According to Galaxy Digital, the current rules require client assets to be held by a qualified custodian, which not only effectively excludes self-custody but also makes it difficult to participate directly in DeFi strategies through traditional financial accounts. The firm stressed that a realistic solution would be to establish a principles-based regulatory framework incorporating elements such as MPC-based key management, governance control systems, third-party audits, on-chain transparency, and rigorous protocol due diligence mechanisms.

An anonymous whale's short position of 31,600 ETH, valued at $53.5 million, was partially liquidated over the past 30 minutes, according to on-chain analyst EmberCN. The analyst noted that as the price of Ethereum (ETH) continued to rise after the U.S. stock market opened, it surpassed the whale's liquidation price of $1,674. This resulted in a loss of $4.64 million for the investor. EmberCN added that the whale still has an open ETH short position worth $38.64 million, with a new liquidation price of $1,764, which is only about $50 away from the current price.

Real-world asset (RWA) tokenization platform Securitize officially listed on the New York Stock Exchange (NYSE) today under the ticker SECZ. As previously reported by CoinNess, the company cleared the final hurdle for its U.S. listing after securing shareholder approval for its merger with special purpose acquisition company (SPAC) Cantor Equity Partners II (CEPT).

An analysis of the $60 billion real-world asset (RWA) tokenization market found that assets worth $32.9 billion, or about 56%, showed no weekly transfer activity, according to a report by BeInCrypto. In its 'The State of Tokenization in 2026' report, the outlet noted that while the market is growing rapidly, actual on-chain activity remains minimal. The investigation found that out of 1,289 tokenized assets valued at over $100,000 each, 910 had not a single weekly transfer. In contrast, only 379 assets showed weekly transfers, with a total transaction volume of $26.2 billion. However, the report clarified that low trading activity does not necessarily signify market failure, as some products are not designed for secondary market trading. It added that infrastructure expansion is needed to increase on-chain activity.

Major exchanges have seen $107 million worth of futures liquidated in the past hour. In the past 24 hours, $612 million worth of futures have been liquidated.

Ethereum (ETH) is forming a potential double bottom pattern on its daily chart, which could lead to a relief rally, according to an analysis by CryptoPotato. The publication noted that ETH has bounced strongly off the $1,500 support level twice. While the double bottom pattern is not yet confirmed, this repeated defense of a key support level suggests that selling pressure may be weakening. However, the broader trend remains bearish, as ETH continues to trade within a multi-month downward channel and below its 100-day and 200-day moving averages, located around the $2,000 to $2,200 range. If ETH can break through the $1,800 resistance level to confirm the pattern, it could rally toward the $2,000-$2,200 zone, CryptoPotato explained.

Real-world asset (RWA) tokenization platform Ondo Finance (ONDO) has launched tokenized versions of BlackRock's S&P 500 index-tracking ETF, IVV, and shares of U.S. memory chip manufacturer Micron Technology (Nasdaq: MU), The Block reported. The new products were designed under a third-party custody framework introduced by the U.S. Securities and Exchange Commission (SEC) in January.

Bitcoin faces greater downside risk despite recovering to the $60,000 level, according to an analysis by Adam, an analyst at Greeks.live. In a post on X, he explained that gamma exposure (GEX), which measures the volume that options market makers must buy or sell in response to price changes, is currently concentrated around the $60,000 mark. With the price repeatedly moving within this key range, both call and put option positions have accumulated at this level. He noted that put options are concentrated in the $55,000 to $60,000 range, while a vacuum of positions exists below $55,000. This suggests that if the $55,000 support level were to break, the subsequent decline could accelerate significantly. "Overall, the downside risk is greater than the upside potential," Adam argued, adding that macroeconomic uncertainty and capital outflows from U.S.-based funds are also weighing on the market. Consequently, he concluded that a selling strategy is more advantageous at present.

According to CoinNess market monitoring, BTC has risen above $62,000. BTC is trading at $62,036.92 on the Binance USDT market.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig has criticized the Illinois legislature, stating on X that it is "jeopardizing Chicago's future as a financial market hub" by imposing a so-called "sin tax" on blockchain technology. He argued that the relevant bill taxes cryptocurrency asset transfers even when no economic gain occurs. According to Selig, this reduces Illinois residents to needing government permission to hold property rather than being holders of property rights. He added that as blockchain technology transforms financial markets, the choice to tax wallets instead of fostering the crypto industry could symbolize the long-term decline of Chicago's financial market. The criticism follows Illinois Governor JB Pritzker signing the Digital Asset Privilege Tax Act, which imposes a 0.2% tax on crypto transactions and has sparked industry backlash.

The three major U.S. stock indices opened higher today. - S&P 500: +0.3% - Nasdaq: +0.1% - Dow Jones: +0.6%

Spot Bitcoin ETF issuer Grayscale has deposited 814 BTC and 11,421 ETH, worth a combined $70 million, to Coinbase Prime, according to Arkham. The deposits are seen as part of Grayscale's standard operational procedures for its spot crypto ETFs, which involve settling redemptions tied to fund inflows and outflows.

Major exchanges have seen $117 million worth of futures liquidated in the past hour. In the past 24 hours, $576 million worth of futures have been liquidated.

JPMorgan has analyzed that Strategy's (MSTR) program to monetize its Bitcoin holdings is creating unnecessary two-way risk for the cryptocurrency market, thereby increasing uncertainty and volatility, CoinDesk reported. According to the report, Strategy recently formalized a policy allowing it to sell BTC as needed to cover obligations such as preferred stock dividends. The company also permits buybacks of its preferred and common stock and has set a minimum cash target equivalent to 12 months of preferred dividend and interest expenses. While its current cash holdings of $2.55 billion can cover these obligations for about 17 months, JPMorgan suggests that securing enough cash for 24 to 36 months is necessary to boost investor confidence. The bank argued that expanding dollar reserves by issuing common stock, even at a discount to its net asset value (NAV), would be more desirable than selling BTC. JPMorgan added that with Strategy currently holding about four percent of the total BTC supply, the ability of such an influential company to both buy and sell creates unnecessary risk for the market and could also increase its financing costs in the future.

Illia Polosukhin, co-founder of Near Protocol, has dismissed a recent community proposal to burn foundation-held tokens, calling a simple burn a highly inefficient method. He stated that while other Layer 1 chains have decided to burn foundation tokens in the past, these actions failed to bring any real and concrete benefits to the market or ecosystem. Polosukhin revealed that instead of a one-time burn, the plan is to adopt a method similar to Bitcoin's by fixing the maximum token supply.

Crypto bank Anchorage Digital has added support for Lido (LDO), The Block reported. The move allows institutional clients to directly mint and burn Lido's wrapped staked Ethereum (wstETH) on the Anchorage platform. This enables users to participate in liquid staking while utilizing Anchorage's custody and governance services.

Aave is deploying its V3 protocol on the Monad mainnet and will support lending services for 12 crypto assets, Cointelegraph reported. The Monad Foundation plans to provide $15 million in incentives over the first 12 months. Additionally, to ensure protocol stability, the foundation has agreed to purchase and hold 10 million GHO for at least six months. The Aave DAO will also contribute its own incentives, adding 500,000 GHO.

Pharos Network (PROS), a Layer 1 blockchain specializing in real-world asset (RWA) tokenization and artificial intelligence (AI), announced on June 29 that it has selected Faroo as the first project for its incubation program. Faroo will receive funding and ecosystem support from Pharos at a $10 million valuation, though the specific investment amount was not disclosed. Concurrently, Faroo is launching an RWA hybrid vault, introducing a new revenue model that provides staking rewards and RWA-generated profits to PROS token holders. The project is built on the SLPx module of Bifrost (BNC), a cross-chain staking infrastructure, which provides it with Layer 1-level security and interoperability.

Ondo Finance (ONDO) has launched a third-party custodial tokenized securities service in partnership with Broadridge Financial Solutions, according to a PR Newswire press release. The company stated that the offering, which operates within the U.S. regulatory framework, is based on a third-party custody model outlined by the U.S. Securities and Exchange Commission (SEC) in January. Ondo has commercialized tokenized versions of the BlackRock iShares Core S&P 500 ETF (IVV) and Micron (MU) stock, describing them as the first of their kind in the United States. Token holders will receive the same rights as traditional shareholders, including notices, voting rights, and investor protections, through a U.S. brokerage account.

Thena (THENA), a decentralized liquidity platform on BNB Chain, has unveiled its 2.0 roadmap, which includes a plan to issue an additional 32.61 million THE tokens to expand its ecosystem. The platform announced that it intends to mint new THE tokens, equivalent to about 10% of the current maximum supply, in two separate 5% batches. These funds will be deposited into a multi-sig wallet and used for long-term ecosystem development and expansion. Thena noted that the roadmap's implementation is contingent on approval from a veTHE governance vote.

Pro-crypto bank Erebor Bank is pursuing a new funding round targeting an $8 billion valuation, Bloomberg reported, citing sources. This is nearly double its $4.35 billion valuation at the end of last year. The bank was founded by prominent U.S. virtual reality entrepreneur Palmer Luckey and primarily serves defense technology and cryptocurrency companies.

BlackRock has deposited 4,917 BTC, worth $301 million, to Coinbase Prime, according to Onchain Lens. The deposit may be part of the operational process for its spot crypto ETF, related to settling inflows and outflows from the fund, including redemptions.