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An early SHIB whale who purchased 103 trillion SHIB for 37.8 ETH (worth about $13,700 at the time) in 2020 has been selling off portions of their holdings, EmberCN reported, citing on-chain data. Over the past month, the investor has sold approximately 3.8 trillion SHIB for around $20.73 million. The investor, who once held 17.4% of the total SHIB supply, saw their holdings peak at a value of about $9.1 billion in 2021. Despite selling off small portions over the years, the whale still holds approximately 96.27 trillion SHIB. This remaining amount constitutes about 16.3% of the total supply and is currently valued at around $457 million.

According to Lookonchain, a whale address identified as 'bc1qhx' has deposited 2,480 BTC, worth approximately $161 million, to Binance. The address is known to have purchased 2,500 BTC about a month ago at a price of $80,936 per BTC, for a total of around $202 million. Based on the current deposit, the whale is facing an unrealized loss of over $39 million. Deposits to exchanges are typically interpreted as an intention to sell.

Sharplink (SBET), a Nasdaq-listed company that strategically buys Ethereum, announced it has entered into a securities purchase agreement to raise approximately $75 million. The company plans to issue 10,013,400 common shares and an equal number of warrants. The proceeds will be used for working capital, additional ETH purchases, and share buybacks. Sharplink also disclosed that it held a total of 875,776 ETH as of June 16.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.06% - Nasdaq: -0.08% - Dow Jones: +0.26%

U.S. investment bank Benchmark is maintaining its Buy rating and $570 price target for Strategy (MSTR), despite a recent sharp decline in the company's STRC preferred stock. Benchmark analyst Mark Palmer explained that STRC is not a stablecoin like TerraUSD (UST) and does not rely on an arbitrage mechanism. He described STRC as a variable dividend perpetual preferred stock based on Strategy's holdings of 847,000 BTC, valued at approximately $55 billion. Palmer analyzed the recent drop not as a structural problem but as a re-evaluation driven by changes in the market's required rate of return. Palmer stated that the stock cannot be considered to be "depegging" as it was never designed to be pegged to $100, adding that the recent movement is a result of an adjustment in the market's required yield. Benchmark also noted that Strategy holds about $1.4 billion in cash and has the flexibility to adjust its dividend policy and capital structure. "While the recent price declines in STRC and MSTR can be seen as a stress test for Strategy's financing model, they do not signify a structural collapse, given its Bitcoin-based balance sheet and ability to adjust its capital structure," Benchmark added.

Publicly traded companies, excluding mining firms, recorded a net purchase of $43.48 million in Bitcoin (BTC) last week, according to data from SoSoValue. Strategy accounted for the majority of this, investing approximately $34.90 million to acquire 520 BTC at an average price of $67,068. The company's current holdings stand at 847,363 BTC. Other notable transactions include new purchases of 95 BTC by Japanese food company DayDayCook and 18 BTC by Brazilian Bitcoin firm OrangeBTC. In contrast, Japanese listed company Metaplanet has not added to its BTC holdings for nine consecutive weeks. The total BTC holdings of the listed companies included in the statistics now amount to 1,141,444 BTC, representing about 5.7% of the cryptocurrency's circulating supply. CoinNess previously reported that Strive had purchased 759 BTC.

Bitmine (BNMR) announced it purchased 52,203 ETH last week, bringing its total holdings to 5,672,956 ETH. Bitmine Chairman Tom Lee said the company plans to maintain its strategy of steadily accumulating ETH through 2026, explaining that its current holdings represent approximately 4.7% of Ethereum's total supply.

According to CoinNess market monitoring, BTC has risen above $65,000. BTC is trading at $65,018.11 on the Binance USDT market.

Global payments company MoneyGram has joined the Solana network as a validator, expanding its blockchain payment strategy. This marks its third foray into blockchain infrastructure, following its involvement with Tempo and Midnight. MoneyGram will contribute to network security by staking SOL and plans to deepen its multi-year digital asset payment business, which includes its Stellar-based stablecoin, MGUSD. CEO Anthony Soohoo highlighted the move as a model for how institutions can leverage blockchain to enable faster and cheaper cross-border payments. The specific amount of SOL being staked was not disclosed.

Matt Cole, CEO of Strive, announced on X that the company has purchased 759 BTC at an average price of $65,850.

UK asset manager Baillie Gifford has announced the launch of the Baillie Gifford Enhanced Yield Fund (BAGEY), a tokenized bond fund built on Solana (SOL) and Ethereum (ETH) in collaboration with global custodian BNY. The U.S. dollar-denominated fund offers investors exposure to an actively managed portfolio of short-term corporate bonds, with a current expected yield of around 7%. Theo Golden, Baillie Gifford's Head of Digital Assets and Tokenization, explained that BAGEY is not a token wrapper on an existing fund but is issued directly on the blockchain, allowing investors to hold the fund and its rights directly. BNY provides the tokenization and wallet infrastructure for the fund, which operates as a UK-regulated open-ended investment company (OEIC).

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, and OKX have established a 50:50 joint venture to build infrastructure for tokenization and digital financial products. The new entity, which will operate as a U.S.-registered broker-dealer and futures commission merchant (FCM), is set to provide OKX customers with secure access to ICE futures and the New York Stock Exchange's tokenized stock market. Former New York Governor Andrew Cuomo has been appointed co-chairman. The two companies plan to lead the development of a regulatory-compliant, blockchain-based financial ecosystem.

MicroStrategy purchased 520 BTC over the past week. The company also added $400 million to its USD reserves.

According to on-chain data, BlackRock deposited 1,241 BTC (approximately $80.07 million) and 7,547 ETH (approximately $13.29 million) to Coinbase about 10 minutes ago.

Aster has announced a trading competition with a total prize pool of up to 150,000 U to commemorate the listing of BTCU and ETHU, the first perpetual futures added through its autonomous listing vote. The total prize pool will range from 50,000 to 150,000 U, determined by cumulative trading volume, excluding market makers. Participants must register on the campaign page and disable their account privacy settings. All trades, including those made via Binance and Trust Wallet, will be eligible. Rewards will be distributed proportionally based on each participant's share of trading volume, with trades in BTCU and ETHU receiving a 1.5x weighting. The competition will run from June 22 to July 6, 2026.

Coinbase has announced the listing of Arcium (ARX).

Stani Kulechov, founder of the crypto lending protocol Aave (AAVE), argued that current UK stablecoin regulations make it difficult for UK-based issuers to operate and could ultimately drive them overseas. While he praised the Bank of England's (BoE) move to abolish the £20,000 per person holding limit for stablecoins, he pointed out that the rule requiring 30% of reserves to be deposited in a non-interest-bearing central bank account remains in place. Kulechov explained that if 30% of reserves cannot generate returns, it undermines the economic viability of issuing stablecoins, effectively having the same impact as a tax on issuers.

An analysis by The Crypto Basic suggests that major Bitcoin (BTC) cycle bottoms have historically formed in the wake of significant black swan events. The report noted that the 2014 Mt. Gox bankruptcy, the 2020 COVID-19 pandemic, and the 2022 collapse of FTX all coincided with the formation of BTC cycle lows. Consequently, the market is now watching to see whether another key macroeconomic or industry-level catalyst will be necessary to initiate a new bull cycle following the recent downturn.

U.S. Vice President JD Vance said that negotiations with Iran are proceeding very smoothly and have seen significant positive progress.

An address linked to the $575 million Hashflare investment scam has transferred 10,600 ETH, worth approximately $18.5 million, after being dormant for 3.5 years, according to on-chain analyst ZachXBT. Hashflare co-founders Sergei Potapenko and Ivan Turogin pleaded guilty in 2025 and forfeited approximately $450 million in assets to the U.S. government. ZachXBT added the funds were subsequently swapped from Ethereum to Bitcoin using services such as HiFiSwap and Near Intents and appear to have already been laundered.

Cryptocurrency trading service startup Fomo has raised $75 million in a Series B funding round led by Index Ventures. The round included participation from Union Square Ventures, Zynga co-founder Mark Pincus, Discord CEO Hummam Sakhnini, and Eventbrite co-founder Kevin Hartz. This funding round values Fomo at $550 million.

Perpetual futures linked to traditional finance (TradFi) assets now account for approximately 10% of total stablecoin trading volume, according to Binance CEO Richard Teng. In a post on X, Teng explained that stablecoins are rapidly becoming a key tool for settling stock-related transactions 24/7. He added that users can bypass delays common in traditional banking systems and save an average of 3.6%, or about $40, per transaction on withdrawal and conversion fees.

According to officials, U.S. Vice President JD Vance is scheduled to speak in Switzerland after his first meeting with Iran.

Coinbase announced it will list perpetual futures for Anthropic and OpenAI at 11:00 a.m. UTC on June 22.

U.S. spot Bitcoin (BTC) ETFs recorded $226.8 million in net outflows last week, marking their sixth consecutive week in the red, according to SoSoValue data. The cumulative net outflow over the past six weeks has reached $5.94 billion, the longest streak of weekly outflows since the products were launched. However, the weekly outflow volume has decreased from $1.72 billion in the first week of this month to $227 million last week. Jeff Ko, a senior analyst at CoinEx, suggested that the current trend indicates selling pressure is mostly exhausted rather than accelerating. He analyzed that a significant portion of the net outflows is due to the unwinding of interest rate basis trades and arbitrage positions, not a departure of spot demand. Meanwhile, Jeff Mei, COO of BTSE, suggested that investors appear to be shifting funds to AI-related stocks, reflecting high interest in the SpaceX IPO and the AI industry.