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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.

Iran and the U.S. have begun technical negotiations in Switzerland for a memorandum of understanding (MOU), Iranian Foreign Ministry spokesperson Baghaei confirmed today, according to a Xinhua News Agency report citing Iranian media.

Binance Alpha has announced the listing of Arcium (ARX).

OKX's Bitcoin holdings have decreased by 10.51% over the past seven days, the largest decline among major exchanges, according to data from ChainCatcher. Over the same period, Kraken recorded the highest increase, with its holdings growing by 1.34%. In terms of asset flows based on Proof of Reserves, Binance saw the largest net outflow with $426 million. Bitfinex and MEXC followed, with net outflows of $99.74 million and $48.57 million, respectively. In contrast, Gate, Bybit, and OKX registered net inflows of $227 million, $180 million, and $145 million, respectively.

Bank of America (BofA) has revised its forecast for the Federal Reserve, now expecting three 25-basis-point interest rate hikes in September, October, and December 2026. This marks a shift from the bank's previous projection that the Fed would hold rates steady for the remainder of the year.

Web3 social wallet project AntFun has announced the closing of a $5 million strategic funding round. The round saw participation from MH Ventures, Zera Ventures, Juala Capital, X21 Digital, and Becker Ventures. AntFun stated that it plans to use the funds to enhance its social-based Web3 wallet and expand its ecosystem.

Tokyo police have arrested Hu Xiaowei, a senior executive of the Cambodia-based fraud network Prince Group, Asahi Shimbun reported. The arrest was made on charges of false residency registration. Prince Group is accused of a $15 billion scheme involving Bitcoin investments and pig butchering, a type of romance investment scam. U.S. authorities have previously sanctioned the group and 146 related entities. Japanese authorities are now investigating the circumstances of Hu's fraudulent registration and are expanding their probe into Prince Group's broader activities within Japan.

Bitcoin is forming a bear flag pattern on its daily chart, CoinDesk reported, citing crypto analyst Dr. Profit. He predicted this could lead to an initial drop to the $54,000–$56,000 range, with the price ultimately bottoming out between $40,000 and $50,000. The analysis is based on the decline from a May high of $82,000 to under $60,000 in June, followed by a recent rebound to $68,000. CoinDesk also noted that recent activity in the options market shows increased buying of put options with a $52,000 strike price, suggesting expectations of a short-term decline.

Binance announced it will delist and cease trading on the CHEEMS/USDC, ACX/USDC, LA/USDC, and T/USDC cross and isolated margin trading pairs at 6:00 a.m. UTC on June 26.

Noted cryptocurrency skeptic Peter Schiff has criticized a new Bitcoin-linked real estate investment product from U.S. real estate investor Grant Cardone, arguing that there is no need to introduce Bitcoin to the property market. Cardone recently launched the $87.5 million "10X Space Coast Bitcoin Fund," which is structured to use rental income to purchase additional Bitcoin. In response, Schiff stated that connecting real estate and Bitcoin solves no problems and that he disagrees with the claim that the asset class needs the cryptocurrency. Cardone had previously explained that the fund aims to supplement the limitations of traditional REITs and targets a 22-32% return for investors.

Japanese Prime Minister Sanae Takaichi stated on June 22 during a session of the House of Representatives Budget Committee that neither she nor her office has ever approved the issuance or trading of a cryptocurrency named after her, the "Sanae Token," Reuters reported. Her comments were in response to questions from lawmaker Yuichi Goto regarding whether a secretary from the Prime Minister's office had participated in a group chat for the company selling the token. Takaichi previously stated on X in March that she was completely unaware of the token and had not authorized it.

On-chain analyst Axel Adler Jr. has analyzed that while Bitcoin's supply structure resembles past cycle bottoms, key indicators have not yet confirmed a definitive floor. He explained that the supply held by long-term holders has increased to approximately 12.17 million BTC, which is easing selling pressure in the market. However, Adler pointed out that this amount is still short of the 15 million to 19.7 million BTC held by long-term holders during previous bear market bottoms. Furthermore, a key selling pressure indicator that measures loss-selling and capitulation has not signaled for 1,256 days. Adler assessed that the market is currently closer to a redistribution and consolidation phase rather than a completed bottom formation. He added that to confirm a BTC bottom, long-term holder supply would need to surpass 15 million BTC, or the selling pressure indicator would need to reactivate to confirm a market capitulation event.

According to data from Coinglass, an estimated $451.70 million in long positions on major centralized exchanges (CEX) will be liquidated if BTC drops to $62,968. A break above $64,911 would trigger the liquidation of $326.25 million in short positions.

The Bank of England (BOE) has eased its stablecoin regulations, Unfolded reported. The central bank has scrapped its previously considered holding limits for individuals and corporations. In its place, the BOE has set a total issuance cap for each stablecoin, initially at £40 billion ($54 billion). It has also reportedly relaxed some requirements for stablecoin reserve assets in response to industry feedback.

Jeong Eun-bo, Chairman of the Korea Exchange, stated today that discussions on introducing stablecoins must progress to prevent South Korea from falling behind the global trend in decentralized finance, adding that he hopes to see various transactions using stablecoins introduced into the nation's capital market. According to the Maeil Business Newspaper, Jeong emphasized that it would be difficult to guarantee the capital market's long-term survival if the exchange fails to establish itself as a global premium market, attract liquidity from overseas investors, and adapt its role for the era of decentralized finance.

Ran Neuner, host of CNBC's CryptoTrader, has argued that MicroStrategy should halt its Bitcoin purchases until the current market turmoil subsides, responding to CEO Michael Saylor's recent hint at another acquisition. In a post on X, Neuner contended that the funds for the latest purchase did not come from the company's preferred stock (STRC), leading to the dilution of MicroStrategy (MSTR) common stock for the third consecutive week through a capital increase. He pointed out that when MSTR trades below its mNAV—the ratio of its market value to its net asset value—selling stock to buy BTC results in a decrease in the amount of Bitcoin held per share. Neuner suggested Saylor's push to buy more BTC could stem from either an obsession with continuing to buy regardless of the cost or a fixation on meeting targets to satisfy analysts and credit rating agencies.

The cryptocurrency market has experienced a net capital outflow of $8 billion over the past 30 days, according to a report from BIT (formerly Matrixport). The analysis, which summed the fund flows from stablecoins, MicroStrategy (MSTR), and spot BTC ETFs, suggests that institutional investors are reducing their positions in risk assets ahead of the third quarter. The report noted that while fund inflows merely slowed in the fourth quarter of last year, the current trend shows a clear net outflow. With no clear upward catalysts like a shift in the Fed's monetary policy, it is difficult to expect new buying pressure to emerge, BIT explained. The firm added that while the market may see high volatility going forward, its upside potential could be limited.

South Korean crypto exchange Bithumb announced it will temporarily suspend deposits and withdrawals for 28 tokens to support an upgrade on the Base (BASE) network. The suspension is scheduled to begin at 10:00 a.m. UTC on June 25. The 28 affected assets are Aerodrome Finance (AERO), Avantis (AVNT), Awe (AWE), B3 (B3), Brett (BRETT), Chainbase Token (C), CARV (CARV), Citrea (CTR), Definitive (EDGE), Hey Elsa (ELSA), Flock (FLOCK), GoPlus (GPS), DeFine App (HOME), Kaito (KAITO), Mira (MIRA), OpenGradient (OPG), Wayfinder (PROMPT), Recall (RECALL), Sapien (SAPIEN), Sign (SIGN), Theoriq (THQ), Toshi (TOSHI), Towns (TOWNS), Intuition (TRUST), Superform (UP), Virtuals Protocol (VIRTUAL), Venice Token (VVV), and Zora (ZORA).

The second quarter of this year saw a record number of hacking incidents, with around 70 attacks, according to Unfolded. This figure is double the previous quarterly record. The firm noted that this quarter was characterized by a continuous stream of relatively smaller hacks, in contrast to past periods that saw large-scale, single incidents.