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A senior Israeli official said on June 11 that the country has not received any notification of a final agreement between the U.S. and Iran. The statement directly contradicts a post made by President Donald Trump on the same day via his social media platform, Truth Social, in which he claimed that the final terms of the deal had been approved by all relevant parties, including Israel.

Iran has not yet agreed to any document related to a memorandum of understanding (MOU) with the United States, Fars News Agency reported, citing a source.

LG Electronics is developing a system to automate the process of buying and selling advertisements by building a blockchain network on Arbitrum, Fortune reported. The system is designed to record ad impression space and user response data on the blockchain, allowing software to automatically handle ad transactions. A pilot program is currently underway with a Japanese advertising agency, and LG Electronics plans to review the system for commercialization by the end of 2026. Arbitrum co-founder Steven Goldfeder described it as a structure that allows the advertising market to be operated automatically by software.

Demand for Bitcoin (BTC) and gold as inflation hedges is weakening, according to an analysis by JPMorgan reported by The Block. The analysis points to outflows from gold ETFs, expanding outflows from BTC spot ETFs for four consecutive weeks, and a continued reduction in BTC and gold positions by institutional investors in the futures market. JPMorgan stated that the buying pressure for both assets, which had been driven by geopolitical uncertainty, inflation, rising government debt, and concerns over the U.S. dollar's value, has weakened overall. The bank added, however, that a second-half rebound in the crypto market would require resolving uncertainties around dividend sources for companies holding digital assets and the passage of the U.S. CLARITY Act.

Whale Alert reported that 236,200,000 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $236 million.

Spencer Bogart, a general partner at crypto venture capital firm Blockchain Capital, suggested that the most valuable crypto applications of the future will likely be in a form that does not currently exist. In a discussion with Ava Labs CEO John Wu and The Block's Kelvin Sparks, Bogart identified stablecoins and prediction markets as mega-trends that will lead the market over the next decade, The Block reported. He specifically addressed the ongoing debate around token value accrual, offering a multi-faceted analysis of whether token buyback structures—similar to shareholder returns in traditional finance—directly contribute to a protocol's long-term sustainability and benefit token holders. Bogart warned against focusing solely on superficial metrics. He also pointed to the widespread expansion of stablecoins and the growth of prediction markets as key drivers for the mass adoption of crypto.

Markets are no longer fully pricing in the possibility of a rate hike by the Federal Reserve (Fed) this year.

International spot gold prices rose 1.95% to $4,150 per ounce today, while spot silver surged 4.13% to over $66 per ounce. In contrast, WTI and Brent crude oil both plunged more than 5% to $87.64 and $89.10 per barrel, respectively. The sharp drop in oil prices came after U.S. President Donald Trump announced he was canceling an airstrike on Iran scheduled for tonight. He added that details on the time and place for signing an agreement would be released soon.

BTC has risen by 1.51% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $63,300.93.

ETH has risen by 2.01% in the past five minutes on the COINNESS market. Currently, ETH is trading at $1,665.41.

U.S. President Donald Trump announced that the time and place for the signing of an agreement will be disclosed soon.

U.S. President Donald Trump said he has called off a military strike against Iran that was planned for the night of June 11.

U.S. political leaders, administration officials, and key law enforcement agencies have met to coordinate on central issues of the CLARITY Act, Eleanor Terrett reported. The move is seen as a final effort to build support by pairing the crypto industry's long-sought regulatory relief with supplementary measures to address law enforcement concerns. The joint meeting was co-hosted by the White House Virtual Asset Committee and White House Digital Asset Advisory Committee member Patrick Witt, with around 20 high-level officials attending at the Eisenhower Executive Office Building in Washington D.C. Top officials from key investigation and prosecution bodies were present, including the Fraternal Order of Police (FOP), the National Association of Police Organizations (NAPO), the International Association of Chiefs of Police (IACP), the National District Attorneys Association (NDAA), and the National Association of Assistant United States Attorneys (NAAUSA). Discussions focused on maintaining the act's original framework while exploring specific solutions to strengthen crypto crime reporting systems and enhance law enforcement tools. This suggests that lawmakers and stakeholders are seeking a compromise by addressing the priorities of investigative agencies.

Coinbase has launched a new platform, Coinbase for Agents, that allows users to connect major AI agents like ChatGPT and Claude directly to their accounts to handle financial transactions, CoinDesk reported. The AI agents can independently trade crypto spot and derivatives, access market data, and pay for online services within user-set risk and spending limits. Users can delegate advanced trading tools, such as portfolio adjustments or executing automated trading strategies, to the AI using natural language commands without complex coding. Coinbase stated that it plans to expand the AI's trading support beyond cryptocurrency to include stocks and prediction markets in the future.

Instead of waiting for a single stablecoin to win out, major global institutions and asset managers are focused on securing interoperability that allows them to move freely between deposit tokens and money market funds (MMFs) within a regulated framework, said Thomas Eichenberger, Chief Strategy Officer (CSO) at digital asset bank Sygnum. According to CoinDesk, he explained that the demands from institutional clients are clear and that they are not waiting for any particular digital asset to dominate the market. Eichenberger added that these clients are calling for a hybrid infrastructure that allows for the interchange of stablecoins, deposit tokens, and MMF tokens under regulatory guidelines. This would enable large corporate treasury departments to conduct 24/7 cross-border payments within a trusted regulatory framework, while simultaneously securing immediate liquidity and interest income.

An analysis suggests that while Bitcoin's price has dropped near its on-chain Realized Price, often seen as the final support line in a bear market, there are no signs of the mass investor capitulation or panic selling that typically marks a true bottom. The recent market weakness is reportedly the result of a severe slowdown in demand combined with external macroeconomic headwinds, rather than fear-driven selling. According to CryptoPotato, market analyst Shanaka Anselm Perera stated that the current BTC price has approached within 9% of the Realized Price, which stands at around $53,600 and has historically marked the end of bear markets. However, Perera noted that the typical liquidation behavior where so-called "weak hands," or retail investors, are completely shaken out at the end of a downturn has not been observed.

LAB has fallen by 4.04% in the past five minutes on the COINNESS market. Currently, LAB is trading at $9.48.

Ripple CEO Brad Garlinghouse, in an appearance on Fox Business, strongly criticized JPMorgan CEO Jamie Dimon's stance on the Clarity Act, accusing him of intentionally distorting facts to protect traditional banking interests. According to U.Today, Garlinghouse stated that JPMorgan generates $20 billion in revenue and over $5 billion in net profit from its payments business alone. He argued that Dimon's opposition is merely an attempt to build a deeper moat around his highly profitable business and maintain the status quo. Garlinghouse dismissed Dimon's criticisms of virtual assets, calling them either intentionally dishonest or negligent. The comments come as the U.S. Congress faces a tight schedule, with only about 16 legislative days remaining before its August recess to address the bill, intensifying the battle for market leadership.

Avalanche Treasury Co., a virtual asset financial management platform within the Avalanche ecosystem, is set to list on the U.S. Nasdaq under the ticker "AVAT" through a $675 million special-purpose acquisition company (SPAC) merger, Unfolded reported. In partnership with the Avalanche Foundation, the new entity holds 15 million AVAX, equivalent to 3.5% of the circulating supply. The company plans to actively invest these assets in the ecosystem's staking, infrastructure, and applications, rather than simply holding the tokens.

Coinbase has announced a partnership with global payments platform MassPay to integrate its cross-border stablecoin payment infrastructure for businesses. Companies using MassPay can now leverage Coinbase's payment API to convert U.S. dollars (USD) to USDC and execute real-time, on-chain payments globally without needing to build separate virtual asset infrastructure.

On-chain analytics platform Bubblemaps has revealed that 95% of the total supply of the FIFA World Cup-themed token WCUP, which launched yesterday, was pre-purchased by a single group. The token's market capitalization surged to $50 million amid promotions by numerous crypto influencers who allegedly failed to disclose they were paid, sparking the first major scam allegations tied to the event. According to Bubblemaps' tracking, over 30 new wallets with no prior activity were created 30 minutes before WCUP's launch. These wallets were funded nearly simultaneously from a centralized exchange and then used to "snipe," or pre-emptively acquire, 95% of the token supply at launch. The group then attempted to evade on-chain tracking by using Uniswap Router commands to distribute the tokens across more than 2,500 separate new wallets. However, the entire purchasing network was identified using time-node analysis technology. Bubblemaps noted that while no direct on-chain link to the development team was found, the fact that such a large portion of the supply is controlled by a single entity is sufficient evidence of fraudulent intent.

MicroStrategy founder Michael Saylor said that fierce competition among altcoins is weakening the monetary premium they once held. According to ChainCatcher, he emphasized that the future value of altcoins will be determined by their actual utility, not their monetary properties. Saylor added that the competitive landscape is diversifying, citing the intensifying battle for dominance between Ethereum, Solana, and BNB, the collapse of Sui's narrative as the "next Solana," and the shift in market interest toward Hyperliquid.

According to Shayan Markets, an analyst at CryptoPotato, Bitcoin is holding near the psychological support level of $60,000 on the daily chart, preventing a further collapse, but its recovery is weak and lacks bullish momentum. The analyst stated that any rebound is merely a temporary correction within a downtrend until Bitcoin reclaims its previous support levels of $65,000-$66,500 and $72,000-$74,000. Failure to overcome these resistance levels in the short term could lead to a retest of the $60,000 support or a further decline below it. A bearish continuation signal has also been identified on the four-hour chart. After a sharp drop from above $73,000, Bitcoin found support in the $59,000-$62,000 demand zone and attempted a short-term rebound, forming a rising wedge pattern. This pattern is typically considered a classic bearish continuation signal when it appears after a strong downtrend.

The Bitcoin network is poised for one of the largest downward mining difficulty adjustments in its history as miners exit en masse due to worsening profitability from stagnant prices, U.Today reported. The upcoming change is expected to be the 11th largest downward adjustment in the cryptocurrency's history.

A lobbying group representing small and medium-sized regional banks in the U.S. has launched a public advertising campaign to block certain provisions in a stablecoin bill being advanced in the Senate. The campaign aims to reverse a proposed easing of regulations on 'rewards,' a change influenced by the crypto industry that would allow for indirect interest payments to stablecoin holders. According to The Block, the Independent Community Bankers of America (ICBA) announced in a statement that its new campaign targets a compromise provision within the Clarity Act, which is under review by the Senate Banking Committee. Traditional banks fear that allowing users to deposit stablecoins and earn rewards could lead to a mass exodus of retail deposits from the banking system into the crypto market, destabilizing regional finance.