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Approximately $8.6 billion worth of Bitcoin options set to expire this month are now out-of-the-money (OTM) following a drop in the cryptocurrency's price, CoinDesk reported, citing data from Deribit. OTM refers to options that are not profitable to exercise at the current price. Of the roughly $10.6 billion in open interest for the options expiring on June 26, only about 20% are in-the-money (ITM), leaving the remaining 80% at a loss. This structural imbalance could trigger increased short-term volatility as market makers and traders adjust their hedge positions before the expiration date. The report noted that the max pain price for the options market is currently around $74,000, approximately 14% higher than Bitcoin's spot price of $65,000. Significant open interest is concentrated at the $60,000 put options (about $450 million) and the $80,000 call options (about $406 million), which are being perceived as key support and resistance levels.

Bitcoin could be influenced by three key factors at the upcoming U.S. interest rate decision, scheduled for 6:00 p.m. UTC on June 17, CoinDesk reported. According to the outlet, Bitcoin could rally if the Fed's dot plot shows fewer than 80% of members forecasting a rate hike in December. Dovish remarks from new Fed Chairman Kevin Warsh, citing lower oil prices and AI-driven inflation easing, could also serve as a positive catalyst. Furthermore, CoinDesk noted that Warsh, who has previously criticized the Fed for excessive communication with the market, might announce a significant reduction in forward guidance, potentially leading to high volatility.

Bitcoin is showing signs of entering a bear market bottom, as 79% of its circulating supply is held by long-term holders and selling from dormant wallets has sharply decreased, according to an analysis by K33 Research reported by The Block. K33 Research explained that in past bear markets, price surges led to significant sell-offs of dormant supply, but on-chain selling pressure from coins held for over two years has been markedly lower this year. The firm noted that 79% of Bitcoin's circulating supply is held by investors for over 155 days, and this cohort is not selling, while waiting demand absorbs the remaining sell volume. Other typical bottom signals observed include 50% of the total circulating supply being at a loss, slowing outflows from spot ETFs, and declining trading volume. However, The Block added that other firms, including Wintermute, Glassnode, and Bitfinex, maintain a cautious stance, suggesting that factors like stablecoin growth and weak institutional demand could lead to further price declines. Market prices are also expected to be influenced by the ongoing peace agreement process between the U.S. and Iran and the FOMC meeting led by the new chairman, scheduled for 6:00 p.m. UTC on June 17.

The U.S. Federal Reserve's upcoming interest rate decision could be a watershed moment for the market in June, according to crypto analyst Killa, Cointelegraph reported. The analyst suggested that if Bitcoin fails to maintain its $64,000 support level, it is highly likely to retest the $60,000 low. Killa added that while there has been recent bullish sentiment building ahead of the FOMC meeting, the market has historically reacted more often with a decline than a rally around the event. Defending the $64,000 support level is essential to maintain the current bullish structure, he noted. Meanwhile, Niels, co-founder of STABL, predicted that BTC could see a short-term rebound due to the FOMC and progress in U.S.-Iran peace negotiations. However, he suggested the downtrend could resume afterward, potentially leading to a correction to $55,000.

U.S. President Donald Trump said the U.S. will strike Iran again if it is not satisfied with the developing situation.

U.S. President Donald Trump stated that reports of $300 billion in funds related to Iran are not true. He emphasized that the United States has never established a fund to invest in Iran.

Hyperliquid's (HYPE) open interest in perpetual futures has surpassed $10 billion, with growth primarily driven by expanded trading in products linked to stocks, commodities, and unlisted shares, according to an analysis by Talos. In a report, Talos noted that Hyperliquid has grown into the world's third-largest perpetual futures exchange. The growth is underpinned by the expansion of its HIP-3 market, a governance proposal that allows anyone to create markets on the platform for assets beyond crypto, including stocks, commodities, and indices. Approximately $4 billion of the total open interest is estimated to originate from these HIP-3-based markets. Products linked to crude oil, the Nasdaq 100, and technology stocks have recorded particularly high trading volumes, while the pre-market for the SpaceX IPO attracted over $250 million in open interest before the company's listing. Talos explained that Hyperliquid's trajectory shows how crypto trading platforms are expanding beyond digital assets to provide exposure to traditional financial markets. Meanwhile, Hyperliquid recently launched a prediction market based on off-chain events. As of last week, the platform recorded over $15.6 million in fee revenue, ranking it as the third-highest fee-generating protocol in the industry, following Tether and Circle.

The spot Cumulative Volume Delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The upper section shows a Volume Heatmap, while the lower section displays the CVD. - The Volume Heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences significant movement. These brighter areas may act as potential support or resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line indicates orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Zama, Morpho, and Steakhouse Financial will launch a privacy-preserving cryptocurrency yield product based on fully homomorphic encryption (FHE) next week, The Block reported. The product is described as the first of its kind on the Ethereum network. It will allow Zama's cUSDC holders to deposit assets into a Morpho vault and earn interest without exposing their balances or trading strategies on-chain. Zama and Morpho anticipate the offering will meet the privacy demands of institutional investors.

AI social engine infrastructure provider X-Agent announced via its official X account that it has joined an AI agent payment white paper project led by Singapore-based crypto management platform Interlace. X-Agent will be responsible for the project's agent application layer. The company, which supports the creation and deployment of no-code AI agents, stated it has over one million users and a social graph network of more than 50 million. X-Agent noted that as AI evolves from answering questions to performing real-world actions, robust security for autonomous financial execution is essential. It added that its Secure Runtime Environment (SRE) provides an independent security layer to protect user data and private keys. Other participants in the white paper project include Cobo, BlockSec, STABLE, Conflux (CFX), Bitget Wallet, and Hetu. The paper is scheduled for release within the next one to two months.

South Korea's Democratic Party will host a seminar with representatives from Solana (SOL) on June 22 to explore directions for digital asset legislation, Edaily reported. The event, hosted by Democratic Party lawmakers Ahn Do-geol and Lee Kang-il, will feature Miller Whitehouse-Levine, CEO of the Solana Policy Institute, and Chris Montanago, Chief Legal Officer (CLO) of the Solana-based decentralized exchange (DEX) Orca. The party intends to use the seminar to gather insights on global trends and advance discussions on a Digital Asset Basic Act.

An address associated with a16z (Andreessen Horowitz) withdrew 88,350 HYPE, worth $6.4 million, from a major exchange within the last 30 minutes, according to on-chain data cited by user ai_9684xtpa. The address is estimated to have accumulated approximately 7.335 million HYPE, valued at $340 million, so far this year. With an average purchase price of $46.46, the position currently holds an unrealized profit of $193 million.

Ki Young Ju, CEO of crypto on-chain analysis platform CryptoQuant, said on X that the company is considering building a dashboard and API for stocks, commodities, and other real-world assets (RWA) as crypto capital increasingly flows into these markets. He previously shared an analysis of Samsung Electronics' valuation metrics using a new menu feature on the platform.

Strategy's approach to financing has become dangerously imbalanced compared to its past methods. The company now relies more heavily on STRC for funding, creating a scenario where a prolonged downturn or further decline in BTC's price could force it to sell its Bitcoin holdings. The primary concern is not the sale itself, but the potential chain reaction it could trigger. In this CoinNess Original, we examine: - The changes in Strategy's financing structure - The risks of its deepening reliance on STRC - Why a BTC sale is becoming increasingly likely - The potential market shock from a collapse of its narrative

According to CoinNess market monitoring, BTC has fallen below $65,000. BTC is trading at $64,990.77 on the Binance USDT market.

According to CoinGlass data, if BTC breaks through $67,041, short positions worth $625.85 million on major centralized exchanges (CEX) are projected to be liquidated. Conversely, if the price falls below $64,074, long positions worth $652.86 million will be liquidated.

Altcoin selling pressure on major exchanges has reached a five-year high, cryptocurrency analyst IT Tech said in a CryptoQuant contribution. He noted that the cumulative buy-sell volume difference for altcoins, excluding BTC and ETH, has recorded its most negative value since data collection began in 2020. According to the analyst, this indicator was near zero in early 2025 before reversing into a downtrend that has yet to stop. "The current phase is not a bottom but a 15-month period of net selling," he added. The metric currently stands at approximately -$209 billion.

Bybit has announced that it will delist seven spot trading pairs following a regular review: EAT, KILO, ZEX, MVL, SYND, ZRC, and PUFF. Trading for these pairs will cease at 8:00 a.m. UTC on June 24, and all open orders will be automatically canceled.

OKX announced the listing of the RE/USDT pre-market perpetual futures pair at 10:30 a.m. UTC on June 7. The exchange supports up to 10x leverage for the pair.

Singapore-based digital asset platform StraitsX announced it has added Samsung Pay support to its stablecoin-based card issuance infrastructure. As a result, cards issued through the platform now support Samsung Pay in addition to Apple Pay and Google Pay. Card issuers can offer users the ability to register their cards with Samsung Wallet, allowing for contactless payments on supported Samsung devices.

BlackRock's recently launched Bitcoin Premium Income ETF (BITA) is structured to underperform Bitcoin itself or deliver poor absolute returns in nearly all market scenarios, regardless of BTC's price direction, according to an analysis by 10x Research. BITA holds the spot Bitcoin ETF (IBIT) and sells monthly call options against a portion of its assets, distributing the premium received to investors. This covered call strategy inherently sacrifices upside potential for income. 10x Research noted that while there are market phases where selling calls is profitable, there are also phases where it is not. The firm argued that selling calls during unfavorable periods does not generate meaningful income but instead cheaply gives away upside potential. According to the analysis, BITA is designed to sell these calls mechanically every month, irrespective of market conditions.

Bitcoin's trend of outpacing the growth of the U.S. M2 money supply has begun to falter, suggesting the current stock market rally may not be as robust as it appears, CoinDesk reported. The outlet noted that BTC has halved from its $126,000 price in October 2025, and its ratio to M2 has formed what appears to be a bearish head-and-shoulders pattern. This weakening momentum suggests Bitcoin's ability to generate excess returns by overwhelming new dollar liquidity could diminish for some time. CoinDesk also pointed out that while the S&P 500 is near all-time highs, when adjusted for M2 growth, it has only recovered to its 2000 dot-com bubble peak. The analysis concludes that if Bitcoin, the risk asset most sensitive to liquidity, can no longer outperform money supply expansion, the stock market's rally may have a weaker foundation than it seems.

As the deadline approaches for European crypto companies to obtain licenses under the Markets in Crypto-Assets (MiCA) regulation, BitGo is offering a service to help firms meet the new requirements, CoinDesk reported. BitGo Europe, which is licensed by Germany's Federal Financial Supervisory Authority (BaFin), explained that its "Crypto-as-a-Service" platform provides an alternative for crypto companies across Europe to manage regulatory compliance. The service is designed to reduce the burden on companies of having to build their own compliant operating systems from scratch. However, clients must still conduct their own Know Your Customer (KYC) procedures that align with MiCA rules. BitGo also plans to help eligible companies use its infrastructure while they continue to pursue their own licenses as a MiCA-based Crypto-Asset Service Provider (CASP).

Justin Bons, co-founder of European crypto investment fund Cyber Capital, has called for the ousting of Cardano (ADA) founder Charles Hoskinson, BeInCrypto reported. Bons stated on X that the immediate catalyst for his demand was Hoskinson's proposal to move Cardano governance discussions to a moderator-managed Discord server. He also criticized Cardano for failing to meet its scalability goals, noting that its maximum throughput in 2026 will be only about 23 transactions per second (TPS). The report added that Hoskinson had suggested the move to Discord to facilitate more structured debates, arguing that discussions on X tend to become inflammatory and attract external criticism. His plan involves holding calm, moderated discussions before proceeding to a vote. In contrast, Bons views a structure where moderators control posts as a form of censorship, arguing that if power shifts to a faction favoring Cardano developer IOHK, unfavorable discussions could be suppressed.

Strategy's (MSRT) perpetual preferred stock, STRC, has fallen to an all-time low, Cointelegraph reported. The decline is said to reflect investor concerns over the company's recent Bitcoin purchases. According to the outlet, STRC fell 3.58% on June 16 to $91.79, a level 8.2% below its target price of $100. Markus Thielen, CEO of 10x Research, explained that the drop is related to Strategy's recent BTC acquisitions. He added that the market seems to prefer the company use its cash for dividend payments rather than buying more Bitcoin, noting that traders appear to view the recent purchases as an unsustainable strategy.