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Web3 confidential contract platform Inco has announced the official launch of Inco Lightning on the Base mainnet. The project stated that Inco Lightning enables the development of confidential apps on existing EVM chains.

Capital B, a European listed company strategically accumulating Bitcoin, announced it is developing a digital credit product aimed at the European market. According to The Block, Capital B executive Alexandre Laizet stated that the product is being designed with reference to the structure of Strategy's STRC product. He explained the company's goal is to provide a new yield-generating structured product to the European market based on its BTC balance sheet.

Cryptocurrency payment platform Pyra has announced its decision to cease operations. The company explained that the Drift hacking incident significantly impacted its business and users. Despite exploring ways to continue for the past few months, Pyra could not find a sustainable solution. As a result, new sign-ups have been suspended. Pyra plans to launch a web portal in the coming weeks to help existing users manage outstanding positions and withdraw their funds.

An address presumed to belong to Arthur Hayes (starting with 0xf7A4) has withdrawn an additional 47,007 HYPE, worth approximately $3.16 million, from Bybit, according to Lookonchain. The move follows a previous withdrawal of 33,978 HYPE ($2.09 million) from the same exchange, which occurred immediately after Hayes announced on X that he had sold his entire HYPE position.

Syscoin (SYS) announced that the 5 billion SYS from a recent unauthorized minting incident have been fully returned to a recovery address and burned. The project added that the tokens are no longer usable on the protocol.

Grayscale has suggested that the U.S. government's decision to block Anthropic's latest AI model is increasing demand for decentralized AI projects like Bittensor (TAO). Zach Pandl, head of research at Grayscale, explained that the U.S. government blocked access to Anthropic's Mythos-level models for foreign nationals on June 12, citing national security. He noted that this case highlights how advanced AI technology is concentrated in the hands of a few and demonstrates the control held by governments and AI labs. In contrast, Pandl stated that Bittensor aims to provide permissionless AI access through an open, global, and decentralized network, drawing a parallel that Bittensor is to AI what Bitcoin is to digital currency. He added that the price of TAO rose 30% within 12 hours of the announcement restricting the Mythos model, concluding that as centralized providers limit AI access, demand for decentralized alternatives grows.

According to data from Coinglass, if Bitcoin breaks below $65,054, long positions worth $804.12 million on major centralized exchanges (CEX) would face forced liquidation. Conversely, a move above $67,055 would trigger the liquidation of short positions valued at $298.32 million.

A South Korean financial official has stated that allowing corporations to enter the virtual asset market is necessary to improve the country's current retail-investor-dominated market structure. According to The Herald Business, Shim Won-tae, a deputy director in the Virtual Asset Division of the Financial Services Commission's Digital Finance Policy Bureau, said yesterday that enabling corporate participation is a key goal for this year. Speaking at a program on enhancing professional trial competency at the Seoul Southern District Court, Shim explained that he believes the move is a prerequisite for the second phase of virtual asset legislation, as a market limited to individuals is not appropriate for an advancing legal framework.

An anonymous address starting with 0x15A9 withdrew 572,900 HYPE ($40 million) from Coinbase Prime three hours ago before staking the funds on Hyperliquid, according to a post on X by EmberCN.

The cryptocurrency market was not significantly impacted by the Bank of Japan's (BOJ) decision to raise its key interest rate to 1.0%, according to an analysis by Cointelegraph. The outlet noted that while the rate hike brought the interest rate to its highest level since September 1995, BTC remained relatively stable around the $66,000 mark. This marks a clear departure from August 2024, when an unexpected rate hike of the same magnitude caused BTC to plummet from $65,000 to $50,000 within a week. The report explained that a $4.4 billion outflow from spot ETFs over the past 13 trading days has significantly deleveraged the market, and the yen carry trade is no longer a decisive factor in moving BTC's price. Cointelegraph attributed the muted market reaction to several factors: - The possibility of a rate hike was already priced in by the market. - The scale of the yen carry trade has diminished compared to the past. - BTC has already fallen approximately 50% from its peak, clearing out significant leverage. - The real interest rate remains in negative territory.

The structural bottom for the current Bitcoin cycle could form around the $48,000 level, according to on-chain analyst Axel Adler Jr. Adler explained that the Sell-Side Risk Ratio (SSRR), a metric measuring market pressure based on investors' realized profits and losses, entered its "red zone" for the first time when BTC dropped to $60,000. This signifies that losses are outpacing profits, putting significant pressure on holders. Additionally, he noted that the Cumulative Value Days Destroyed (CVDD), an on-chain indicator used for long-term valuation, also points to a potential structural bottom near $48,000 for this cycle. "Bitcoin has since rebounded to $66,000, and the SSRR indicator is showing signs of an upturn," Adler added. He concluded that while $60,000 is a key accumulation zone, the possibility of a future test of the $48,000 support level remains a major risk.

MicroStrategy founder Michael Saylor argued that digital money can address the shortcomings of the traditional financial system. In a post on X, he stated that while the U.S. dollar offers high liquidity and universal acceptance, people also seek profitability, transparency, mobility, and a hedge against currency devaluation. He noted that many people are currently forced to choose between unstable fiat currencies, low deposit rates, non-yielding stablecoins, volatile cryptocurrencies, and inaccessible financial products. Saylor explained that digital money can provide stable value, high mobility, daily liquidity, and yield-generating capabilities, benefiting a wide range of participants including individuals, businesses, payment companies, emerging markets, and institutional investors. He predicted that the future digital economy will grow on a new asset structure centered around BTC, combining digital credit, digital money, digital yield, and digital equity.

A whale address that had been dormant for 12 years has transferred 100.5 BTC, valued at $6.59 million, Galaxy Research reported. The address first received the Bitcoin on Oct. 15, 2014.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.4% long, 50.6% short - Binance: 50.84% long, 49.16% short - OKX: 50.32% long, 49.68% short - Bybit: 52.44% long, 47.56% short

Although Bitcoin has recovered recently, on-chain indicators remain bearish, and further gains depend on the success of a peace agreement between the U.S. and Iran, according to one analyst. Nick Luk, director of research at LVRG, noted that while Bitcoin has reclaimed the $67,000 level, the upward momentum is weak due to declining trading volume, Cointelegraph reported. He warned that the recovery lacks conviction and could fade quickly, adding that a failure to secure a final peace agreement could trigger geopolitical instability and an oil price shock. Luk suggested that while Bitcoin might initially attract buyers as a hedge asset, it could be pushed down to key support levels if broader risk-off sentiment takes hold. He explained that macroeconomic and geopolitical factors continue to drive cryptocurrency price movements.

The on-chain leverage ratio in the DeFi market has climbed to approximately 38%, reaching a level similar to the 2021 bull market, Binance Research reported. However, the analysis suggests this increase is primarily an optical effect caused by a decline in the market's overall Total Value Locked (TVL), rather than a surge in new loan demand. A series of DeFi exploits in April led to outflows of around $13 billion. The combination of falling asset values and capital flight has increased the relative proportion of debt, and significant deleveraging has not yet occurred despite the market downturn.

After breaking the $1.20 resistance level on the back of strong demand from major Asian markets and ETF inflows, XRP has pared some of its gains after encountering heavy profit-taking pressure near $1.25, CoinDesk reported. The token rallied more than 10% at one point to touch the $1.25 mark but failed to break through. Market attention is now focused on whether this former resistance level will hold as support. Last week, XRP ETFs recorded net inflows of $10.68 million. On the South Korean exchange Upbit, XRP's share of trading volume surged from 13% to 31% in just one week, driving a surge in buying from Asia. While news of an expansion in its payments infrastructure with OpenPayd and its native stablecoin, RLUSD, also provided a boost, analysts suggest that XRP must defend the $1.20 level to maintain its upward momentum.

The U.S. Federal Bureau of Investigation (FBI) has issued a federal forfeiture notice for approximately $1.9 million in cryptocurrency seized for violations of federal law, BlockBeats reported. The seized assets are predominantly Tether (USDT), accounting for about $1.7 million, with the remainder including Bitcoin (BTC), Ethereum (ETH), BNB, Solana (SOL), and Ripple (XRP). These assets were confiscated from platforms such as Tether, Coinbase, and Binance. Under the forfeiture notice procedure, interested parties must now file claims, petitions for remission, or objections.

Cryptocurrency wallet provider Exodus (EXOD) announced it purchased an additional 27 BTC in May, bringing its total holdings to 656 BTC. During the same period, the company added 1,439 SOL, with its total holdings surpassing 20,000 to reach 20,673 SOL. Conversely, Exodus sold 439 ETH, reducing its holdings to 1,433 ETH. Meanwhile, the company's cryptocurrency transaction volume for May was $383 million, up from $347 million the previous month.

The spot Cumulative Volume Delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The upper section shows the Volume Heatmap, while the lower section displays the CVD. - The Volume Heatmap 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. The yellow line indicates orders between $100 and $1,000, while the brown line represents large orders ranging from $1 million to $10 million.

The U.S. Government Accountability Office (GAO) has recommended that the Federal Deposit Insurance Corporation (FDIC) establish a cooperative framework for regulating cryptocurrencies and blockchain, Cointelegraph reported. In a letter sent to FDIC Chairman Travis Hill on June 8, the GAO stated that blockchain-based financial products and services have significantly increased and that blockchain technology has been added to its list of high-risk areas. The agency called for the FDIC and other regulators to create a coordination and cooperation mechanism to jointly identify risks and respond in a timely manner.

Bitwise, the issuer of the HYPE ETF, purchased 77,097 HYPE worth $5.18 million through FalconX about an hour ago, according to Lookonchain.

U.S. spot Ethereum ETFs recorded approximately $22.5 million in net inflows on June 15, marking the first day of net inflows after four consecutive days of outflows, according to data from Farside Investors. - BlackRock's ETHA: +$17.6 million - Grayscale's ETHE: +$1.8 million - Grayscale's Mini ETH: +$3.1 million

U.S. spot Bitcoin ETFs recorded a net outflow of $64.8 million on June 15, shifting back from net inflows, according to data from Farside Investors. - BlackRock's IBIT: +$66.4 million - Fidelity's FBTC: -$8.7 million - Ark Invest's ARKB: +$6.6 million - Franklin Templeton's EZBC: -$5.8 million - VanEck's HODL: -$6.1 million - Morgan Stanley's MSBT: +$9.4 million - Grayscale's GBTC: -$124 million - Grayscale's Mini BTC: +$10.6 million

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $130 million liquidated (69.94% shorts) - ETH: $190 million liquidated (75.78% shorts) - SPCX: $17.44 million liquidated (89.27% shorts)