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On-chain analyst Julio Moreno suggested in a CryptoQuant contribution that Bitcoin's current Realized Price is $53,600, noting that historically, major bear market bottoms have formed below this level. Moreno stated that while the Realized Price does not guarantee a market bottom, a decline to that price range is possible given that demand conditions, such as spot ETF fund flows, remain weak. He added that the intensity of recent sell-offs is not yet sufficient compared to past bear market bottoms, with realized losses over the last month totaling only 187,000 BTC. "Therefore, while the current moment can be interpreted as an undervalued period, it will take more time to confirm a bottom unless demand stabilizes and ETF fund flows improve," he concluded.

The U.S. Commodity Futures Trading Commission (CFTC) has released a draft regulatory framework that would, in principle, permit prediction markets based on sporting events, Cointelegraph reported. According to the proposal, sports prediction contracts based on quantifiable outcomes—such as game results, win-loss records, or season performance—are considered not to be against the public interest as they can provide a price discovery function. However, the framework is unlikely to permit contracts tied to events that could increase the potential for manipulation, such as player injuries or referee decisions. The CFTC also clarified that election prediction contracts do not constitute "Gaming" under relevant federal law.

U.S. officials said American airstrikes on Iran have begun, according to Axios.

An explosion has been heard in the Iranian capital of Tehran, and the country's air defense system has been activated, according to an official.

Investment research firm Hedgeye has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a "Hedged Bitcoin ETF," according to Bloomberg ETF analyst James Seyffart. The specific operational methods and product structure have not yet been disclosed.

Nasdaq-listed Helius Medical Technologies (HSDT), which recently announced a strategy to focus its investments on Solana (SOL), has acquired Light Protocol to enhance its on-chain privacy features, according to The Block. Helius stated that it plans to combine Light Protocol's cryptographic technology with its own infrastructure to build a Solana-based privacy protocol.

According to Axios, President Trump convened a meeting in the White House Situation Room on the afternoon of June 10 to discuss the possibility of new military strikes against Iran.

U.S. Secretary of Defense Pete Hegseth warned on June 10 that the U.S. military would launch a powerful strike against Iran if it does not agree to end its conflict with the United States, CNN reported. Speaking to troops at U.S. Central Command in Tampa, Florida, Hegseth stated that the president is fully focused on the outcome he wants for the American people and is already achieving significant results. He added that, as President Donald Trump said the same day, the U.S. will "hit them hard" if they do not agree to a deal. President Trump also mentioned on the same day that he would carry out additional attacks on Iran.

The upcoming initial public offering (IPO) for SpaceX, scheduled for this week, could trigger a capital shift from the cryptocurrency market to the stock market, according to some analysts. Spencer Hallarn, head of over-the-counter (OTC) trading at GSR, told Reuters that the SpaceX IPO would require $75 billion in liquidity, which could lead to outflows from other risk assets, including crypto, The Block reported. Jeff Park, an advisor at Bitwise, recently argued that the market is selling BTC to raise funds for popular IPOs like those of SpaceX and Anthropic. Similarly, Vetle Lunde, head of research at K33 Research, suggested that investor anticipation for the SpaceX IPO may have contributed to the recent weakness in Bitcoin's price.

Prominent crypto analyst Michaël van de Poppe predicted on X that if Bitcoin (BTC) secures the key resistance level of $64,000, it is highly likely to rise toward the $75,000 and $79,000 levels, where a Chicago Mercantile Exchange (CME) gap is located. He added that BTC is currently consolidating between key price levels and needs to build sufficient strength for an upward breakout. Van de Poppe noted that a breakout above the main resistance has not yet been confirmed and that there are several levels to reclaim for a bullish reversal. He also suggested that a rise to $75,000 could significantly improve market sentiment and substantially ease recent downward pressure.

According to local sources cited by Axios, Iranian and U.S. officials held separate, parallel talks with Qatari mediators in Doha over the past two days. The Qatari side reportedly attempted to arrange a three-way meeting to directly discuss remaining differences, but the Iranian side refused.

The U.S. spot Bitcoin (BTC) ETF market is being reshaped around industry giants BlackRock and Fidelity, according to a report from CoinDesk. The outlet noted that BlackRock's IBIT and Fidelity's FBTC have absorbed the majority of new institutional funds this year. For example, on Jan. 14, spot BTC ETFs saw total net inflows of $840.6 million, with IBIT and FBTC accounting for over 90% of that sum at $648.4 million and $125.4 million, respectively. On April 17, the two funds captured roughly two-thirds of the total $663.9 million in inflows, recording $284 million and $163.4 million. CoinDesk explained that the market is shifting from a competitive landscape with numerous managers to a winner-take-all structure where a few operators with scale, liquidity, and distribution networks attract most of the capital. In a related comment, Diana Pires, Chief Business Officer at sFOX, stated that while some buying pressure has emerged following the recent drop in BTC's price, a significant recovery in spot demand has not yet materialized. She added that institutional investors are maintaining a cautious stance amid continued outflows from spot BTC ETFs.

Solana-based DeFi protocol Raydium (RAY) has issued an official statement confirming a recent hack. Via X, Raydium announced that a hack worth approximately $1.34 million occurred in its old legacy AMM V3 program. The protocol explained that the attacker exploited a vulnerability in the liquidity token issuance validation process, allowing them to bypass liquidity ratio checks and withdraw funds. Raydium assured users that its current mainnet program, SDK, and dApp were not affected. The team pledged to fully compensate for all losses and is conducting additional security audits on all mainnet programs. This follows an earlier report from CoinNess that a potential hack had been detected in Raydium's older liquidity pools.

Stand with Crypto UK, a British cryptocurrency advocacy group, has launched a campaign against banks restricting transfers to crypto exchanges, Cointelegraph reported. The group claims that UK banks are imposing blanket restrictions on transfers to regulated crypto exchanges, thereby hindering access to digital assets. Citing a report from the UK Cryptoasset Business Council (UKCBC), the campaign highlighted that approximately 40% of crypto transactions in the UK are blocked or limited by banks. The report also found that some exchanges have seen around £1 billion in transactions fail over a single year due to bank rejections.

Prediction market platform Kalshi has introduced a new policy requiring some users to disclose their workplace information to prevent insider trading and market manipulation, CoinDesk reported. Kalshi explained that the measure applies to specific markets deemed to have a high risk of insider trading and market abuse. Participants in these markets must submit information, including their employer, to allow the platform to check for potential conflicts of interest and fraudulent trading.

Tether, the issuer of the stablecoin USDT, announced it has led a Series C funding round of up to $1.4 billion for German robotics firm Neura Robotics. According to The Block, Neura develops humanoid robots, autonomous mobile robots, and service robots. Tether added that beyond the investment, it plans to integrate its wallet development kit into Neura's robotic systems.

Bitcoin could form a market bottom in October if it follows historical patterns, according to an analysis by crypto influencer Ash Crypto. Posting on X, he explained that in previous cycles, BTC has typically bottomed out approximately 11 months after its monthly MACD confirmed a dead cross. The current cycle is seven months past this signal. If this pattern holds, BTC could reach its low around October of this year, a timing that would align with the four-year cycle preceding the next bull market. However, he cautioned that this analysis is based on past cycles and that actual market movements could vary depending on macroeconomic conditions and shifts in supply and demand.

Puneet Mehta, founder and CEO of AI customer experience (CX) platform Netomi, predicts that the growth of the AI industry will significantly boost demand for stablecoins and blockchain payment infrastructure. In an interview with CoinDesk, Mehta stated that the customer experience market, currently valued at around $500 billion, could expand to $5 trillion by 2030, driven by AI advancements. He described AI and crypto as complementary rather than competitive, emphasizing that autonomous AI agents will need 24/7 stablecoins and blockchain payment rails to process real-time transactions—a capability traditional financial systems lack.

The three major U.S. stock indices closed lower today. - S&P 500: -0.94% - Nasdaq: -1.5% - Dow Jones: -1.2% President Donald Trump announced he would resume military strikes against Iran.

U.S. President Donald Trump announced that the United States will launch a powerful strike against Iran. He emphasized that the U.S. has the authority to resume attacks.

Mastercard has unveiled a new infrastructure called Agent Pay for Machines (AP4M) to support autonomous payments between AI agents. According to The Block, the infrastructure is designed to support high-speed micropayments and always-on transactions between AI agents and devices using cards, bank accounts, and stablecoins. Over 30 companies have joined the project as initial partners, including Coinbase, OKX, Ripple, Solana, Polygon, and Aave.

A wallet believed to belong to Bitmine withdrew 25,000 ETH ($40.93 million) from BitGo, according to Onchain Lens.

Ethereum (ETH) co-founder Joseph Lubin predicted that the network could evolve into a fully Zero-Knowledge (ZK) based protocol within the next three to five years. According to Unfolded, Lubin stated that ongoing innovation in ZK technology will enhance the security and efficiency of the Ethereum L1. He added that this would also enable synchronous composability with L2s, providing atomic execution and an integrated user experience. Lubin emphasized that ZK technology will play a key role in Ethereum's scalability and network integration.

MNX, an AI-focused decentralized futures exchange built on the Ethereum Layer 2 solution MegaETH, has raised $6.4 million in a pre-seed funding round, The Block reported. The round was led by Village Global, with participation from Cambrian, North Island Ventures, and Finality Capital. The company was valued at $40 million at the time of the investment. MNX plans to offer futures on AI company valuations, perpetual futures on AI-related stocks and computing power, and prediction markets.

Lawrence Zlatkin, Coinbase's vice president of tax, has proposed that the U.S. Congress introduce a capital gains tax exemption for small Bitcoin (BTC) payments. He argued that Americans should not have to hire an accountant simply to buy a pair of jeans with BTC. Under current U.S. tax law, purchasing goods or services with BTC is considered a disposal of an asset, which requires the calculation and reporting of capital gains tax.