Live Feed

BIT (formerly Matrixport) suggested in a report that the Bitcoin bear market has entered its final stage and could bottom out during the 2026 FIFA World Cup, which runs from June 11 to July 19. The report noted that a combination of technical patterns, weak market sentiment, and easing inflationary pressures could pave the way for a rebound after several months of decline, identifying a potential support level at $61,576. The core issue is inflation, the report analyzed, adding that a situation similar to the slowing inflation of 2022, which helped form a cyclical bottom, may be necessary this time. BIT highlighted that it could take one to three months for the market to show a definitive reversal but suggested the opening whistle of the World Cup may have marked the beginning of the current cycle's final chapter.

The U.S. and Iran are very close to an agreement to resolve their conflict, with a signing expected within days, a senior U.S. official said on June 12, according to Reuters. "The negotiating team has put us in a very advantageous position, but we have not yet reached a complete agreement," the official said, adding, "However, we are very close." The official explained that the agreed-upon terms achieve President Donald Trump's core objectives and that a memorandum of understanding (MOU) includes the reopening of the Strait of Hormuz and the lifting of the U.S. blockade on Iranian ports. Additionally, Iran's highly enriched uranium is scheduled to be destroyed locally before being shipped out of the country. The official added that Iran would not gain anything from simply signing the MOU or from the negotiations themselves. Iran will only receive economic compensation after fulfilling the obligations specified in the agreement. According to the official, if Iran hands over its nuclear material as promised, it will receive a corresponding reward, and it will receive further compensation if it dismantles its nuclear program or facilities.

Bitget Wallet has announced it will be unable to distribute its tokenized SpaceX IPO shares to users as scheduled. The platform will issue a full refund in USDT, covering both the principal and a 5% fee, to participants' Solana addresses. As compensation, all participants will also receive an airdrop of GetGas equivalent to 10 USDT, which can be used to cover gas fees for stock trading in July. Bitget Wallet added that it plans to continue expanding its tokenized stock IPO business and will automatically grant priority access to future offerings for users who participated in this one.

SpaceX (SPCX.O) is extending its gains, surging 30% to trade at $176.4. The company's market capitalization has reached $2.3 trillion.

Dogecoin (DOGE) has surged over 6% amid the opening of SpaceX's IPO trading on Nasdaq. According to CoinMarketCap, the token is currently trading at $0.08882, up 5.1%.

Bloomberg ETF analyst James Seyffart told CoinDesk in an interview that most Bitcoin ETF investors are maintaining their positions despite recent fund outflows. He noted that the cryptocurrency market is under pressure as Bitcoin hovers around $60,000 amid sustained ETF withdrawals. According to Seyffart, approximately $9 billion has exited Bitcoin ETFs since their recent peak. However, he pointed out that despite this downturn, cumulative net inflows since the launch of these ETFs still exceed $50 billion. Seyffart explained that this trend is consistent with past ETF cycles, where strong inflows are often followed by corrections and outflows. He stated that ETF products are designed to provide liquid investments, making buying and selling a normal part of market activity. He described a pattern of taking a few steps forward and then a few steps back as healthy for an emerging asset class. He added, however, that it is true that interest in artificial intelligence (AI) and space-related investments is diverting capital and attention from cryptocurrencies. Seyffart observed that data centers, AI, and space-related investments have become major topics across financial markets. While difficult to quantify, he believes these themes are in direct competition with crypto for investment funds.

Binance has announced the cancellation of the SPCX x IPO event on its wallet. Accordingly, funds will be fully refunded to users' wallets through their original payment methods. The exchange also plans to airdrop a total of $1 million worth of bStocks SpaceX tokens (SPCXB). The airdropped SPCXB will be automatically credited to participants' accounts by June 18.

Cryptocurrency data provider Blockworks has acquired its competitor Messari, The Wall Street Journal reported. The deal is valued at over $10 million. Messari was previously valued at around $300 million during its Series B funding round in 2022. The acquisition follows an internal management change and restructuring at Messari. Following the deal, Messari CEO Diran Li will join the Blockworks management team.

SpaceX officially listed on June 12, opening at $150 per share with a market capitalization of $2 trillion. While the opening price was below the expected range of $170 to $175, it was significantly higher than the initial public offering price of $135. Driven by the surge in SpaceX's valuation, Elon Musk has become the world's first person with a net worth exceeding $1 trillion. According to reports, Musk's fortune is estimated to have surpassed $1.1 trillion, a figure comparable to the gross domestic product (GDP) of Switzerland, the world's 20th-largest economy.

Zimbabwe has introduced its first specific regulations for the cryptocurrency industry, mandating that companies register annually and pay a fee, Reuters reported. Under the new rules, firms involved in crypto trading, transfers, and custody must register with the Financial Intelligence Unit (FIU) each year. The annual registration fee is set at $500, and operating without a license will be considered a regulatory violation. Previously, the industry had operated in a legally ambiguous area.

SpaceX opened at $150 on the first day of its U.S. stock market initial public offering (IPO). The offering price was $135 per share.

Standard Chartered (SC) has declared that the crypto winter is over, Decrypt reported. SC analyst Geoff Kendrick explained that Bitcoin's recent drop to nearly $59,000 was the most severe period of the crypto winter, representing a 53% decline from its October peak of $126,000. He stated that the lowest point for cryptocurrencies is now in the past and the winter has ended. Kendrick added that a potential peace agreement between the U.S. and Iran, along with SpaceX's historic IPO, are expected to serve as catalysts for the crypto market, which has been sluggish in recent months.

Bybit has announced it will issue full refunds for its SpaceX IPO subscription offering, stating that it was unable to secure any shares in the company. As a result, users who subscribed through the platform will not be allocated any stock. The exchange said all subscription funds will be automatically returned to users' accounts without requiring any action. Additionally, eligible participants will receive extra compensation calculated at a 10% annual interest rate for four days, which will also be automatically deposited into their accounts.

Polymarket processed $118 million in trades related to the World Cup on its opening day alone, marking an all-time high, The Block reported. The platform's average daily trading volume was around $20 million as of May, and it surpassed $40 million in the days immediately preceding the tournament's start. Currently, 64 matches featuring 32 teams are still to be played.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,053 on the Binance USDT market.

Coinbase has announced it will unveil the next phase of its strategy to become a comprehensive exchange, moving beyond its role as a spot exchange, on June 16. The company plans to integrate its services to allow users to trade various assets, including cryptocurrencies, stocks, ETFs, prediction markets, and perpetual contracts, from a single account.

Bloomberg ETF analyst Eric Balchunas reported via X that SPCL, a 2x leveraged SpaceX ETF from crypto ETF issuer Defiance, has begun trading. The fund has already recorded $10 million in trading volume. Balchunas noted that this occurred even before the release of SpaceX's price and volume data on Nasdaq.

SpaceX opened at $172 per share on its U.S. stock market debut. The initial public offering was priced at $135 per share.

U.S. President Donald Trump stated that the conditions leaked by Iran to what he described as fake news outlets are entirely unrelated to the terms agreed upon in writing. He warned that there is no trust in any dealings with Iran and that the country should act quickly.

An anonymous, newly created address starting with bc1qcgs withdrew 820 BTC, worth $51.99 million, from Binance over the past 24 hours, according to Onchain Lens. Such withdrawals are typically interpreted as a move to hold assets long-term.

The three major U.S. stock indices opened higher today. - S&P 500: +0.19% - Nasdaq: +0.02% - Dow Jones: +0.63%

A U.S. appeals court has dismissed an appeal by FTX founder Sam Bankman-Fried (SBF) challenging his conviction and 25-year prison sentence for fraud, Reuters reported. This follows a U.S. court's final rejection of SBF's request for a retrial in April. SBF now has no remaining legal recourse.

Ethena Labs plans to allocate $250 million to the Securitize tokenized AAA CLO fund (STAC) launching on the Solana chain, The Block reported. The fund, launched by Securitize in partnership with BNY, invests in AAA-rated collateralized loan obligations (CLOs) with exposure to both primary and secondary markets and currently has $102 million in assets under management. The allocation is part of Ethena Labs' strategy to diversify the collateral backing USDe and USDtb into real-world assets (RWA), moving beyond its crypto-based delta-neutral position. Meanwhile, the fund's issuer, Securitize, is scheduled to list on Nasdaq in the second half of this year through a SPAC merger under the ticker SECZ.

Cumulative trading volume for U.S. spot Bitcoin ETFs is nearing $2 trillion, The Block reported. As of June 11, the total volume stood at $1.99 trillion. With recent daily trading volumes ranging from $2 billion to $5 billion, the products are expected to cross the $2 trillion mark within days. BlackRock's IBIT has dominated the market, accounting for 73.7% of all spot Bitcoin ETF trading volume. In terms of fund flows, the ETFs have seen a total net inflow of $53.9 billion since their launch. This includes $62.2 billion in net inflows for IBIT, offset by over $26.8 billion in net outflows from GBTC. However, the report notes that since Bitcoin reached its all-time high last year, the ETFs have experienced a total net outflow of $7.6 billion. This year alone has seen $3 billion in net outflows. Recently, the funds recorded their longest consecutive net outflow streak since launch, with $4.3 billion withdrawn over 13 straight trading days.

An Iranian source has claimed that reports of a potential U.S.-Iran agreement in Geneva are completely false, Walter Bloomberg reported. The denial follows earlier reports from multiple media outlets suggesting the two countries might discuss an agreement to reopen the Strait of Hormuz ahead of the G7 summit.