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According to CoinNess market monitoring, BTC has risen above $60,000. BTC is trading at $60,017.15 on the Binance USDT market.

A historic blockade of the Strait of Hormuz has triggered a crisis in energy and raw material supplies, posing a new threat to the global economic outlook, according to a report released by the Bank for International Settlements (BIS) on June 28. The BIS noted that while geopolitical tensions have somewhat eased and oil prices have fallen sharply, the impact of this shock could persist. The report assessed that the global economy showed relatively strong resilience early this year, buoyed by optimism about advancements in artificial intelligence (AI) and better-than-expected global trade performance. However, the BIS pointed out that while AI could boost future productivity, the related optimism may not last long, and the current trend of large-scale capital investment may be difficult to sustain if supply bottlenecks continue to constrain production.

Revenue from Robinhood's prediction market business could surpass that of its cryptocurrency division as early as the second quarter of this year. According to Artemis Data, the volume of prediction market contracts on the platform for the second quarter reached approximately 12.3 billion as of June 25. This is estimated to have generated around $123 million in revenue, based on an average fee of $0.01 per contract. The figure is close to the $134 million in revenue generated by Robinhood's crypto division in the second quarter of last year.

Jack Yi, founder of LD Capital, stated via X that BTC is currently in its final downward phase. He noted that BTC is undergoing its third downward wave since October of last year and that, according to Elliott Wave and cycle theories, this is likely the last major decline of the bear market. Yi added that the key variables for determining the bottom are trends in the U.S. stock market and MicroStrategy (Nasdaq: MSTR). He suggested that if BTC falls 60% from its all-time high of $126,000, it could reach $51,000, while a 66% drop could bring it to $43,000. Yi predicted that July and August will mark the final downward phase of this cycle, presenting the most valuable dip-buying opportunity for the next three years.

U.S. credit card company American Express is hiring a head of stablecoin and blockchain strategy in New York. According to a LinkedIn job posting, the position will be responsible for developing a company-wide strategy for programmable money, stablecoin payments, and blockchain financial infrastructure. The role will also oversee collaborations with stablecoin issuers, blockchain networks, tokenization platforms, wallets, and fintech companies.

On-chain stock liquidity infrastructure provider StableStock has officially launched its leveraged spot trading feature. The company announced that users can now use stablecoins to trade real-world assets, such as global stocks, with leverage. StableStock explained that the service supports over 700 global assets, including SK Hynix, Samsung Electronics, and major U.S. stocks, offering leverage of up to approximately 10x. The platform also supports inverse ETFs, enabling both long and short investment strategies.

The value of 604 million ANSEM tokens held by crypto influencer Ansem has surpassed $71 million amid a price surge, Lookonchain reported. According to the on-chain analytics firm, the ANSEM token deployer initially spent approximately $6,300 to launch the token and subsequently purchased 792.45 million ANSEM. The deployer then transferred 650 million of these tokens to Ansem. The remaining 142.45 million ANSEM were sold for $11,800, resulting in a profit of about $5,500.

Kiwoom Securities is pursuing an acquisition of a stake in Bithumb, South Korea's second-largest cryptocurrency exchange, Chosun Biz reported. Citing sources in the investment banking and crypto industries, the report stated that Kiwoom and Bithumb are negotiating a third-party allotment of new shares. Under the potential deal, Bithumb would issue new shares for Kiwoom to acquire. The exact stake percentage and investment size are reportedly still under discussion. In response, a Bithumb official said the exchange is discussing potential partnerships with various financial and corporate entities but stated that nothing has been specifically reviewed or decided.

Despite a downturn in the virtual asset market and a plunge in Bitcoin's price this year, reports of unfair trading have increased, Gangwon Ilbo reported. According to data submitted by South Korea's Financial Supervisory Service (FSS) to Democratic Party lawmaker Kim Hyun-jung on June 29, the FSS's Virtual Asset Unfair Trading Report Center received 54 reports from January to May this year. By type, price manipulation was the most common, with 50 cases. There were also two reports each for the use of undisclosed information and other unfair trading practices. The FSS established the report center in January 2024. It received 55 reports in 2024 and 30 last year. With the number of reports in the first five months of this year already nearing the total for all of 2024, this year is on track to set a record for the most reports filed since the center opened.

Canopy Network, an AI-native blockchain development framework, has announced the completion of an $8.5 million seed funding round, according to a report by Odaily. The round saw participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital.

The spot cumulative volume delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The top section displays a volume heatmap, while the bottom shows the CVD. - The volume heatmap tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly. These brighter areas may act as potential support or resistance zones. - The CVD indicator 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.

CoinMarketCap's Altcoin Season Index is currently at 48. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against that of Bitcoin over the past 90 days. The platform considers it an altcoin season if 75% of these top coins outperform Bitcoin during this period. A score closer to 100 indicates a stronger trend toward an altcoin season.

The following are the key global macroeconomic events scheduled for the fifth week of June: - 5:30 p.m. UTC, June 29: European Central Bank President Lagarde speaks - 2:00 p.m. UTC, June 30: U.S. May JOLTS report - 1:00 p.m. UTC, July 1: U.S. Fed Chairman Kevin Warsh speaks - 1:45 p.m. UTC, July 1: U.S. June Manufacturing PMI - 2:00 p.m. UTC, July 1: U.S. June ISM Manufacturing PMI - 12:30 p.m. UTC, July 2: U.S. June Non-Farm Payrolls, Unemployment Rate, and Initial Jobless Claims - 8:30 p.m. UTC, July 2: U.S. Fed balance sheet - July 3: U.S. stock market closed for Independence Day

An address presumed to belong to BitMEX co-founder Arthur Hayes purchased 6.16 million Synapse (SYN) tokens worth $2.2 million about an hour ago via the crypto over-the-counter (OTC) platform Flowdesk, according to an analysis by Onchain Lens. According to CoinMarketCap, SYN is currently trading at $0.383, up 27.78%.

CoinMarketCap's Crypto Fear & Greed Index is currently at 16, indicating continued extreme fear in the market. The index measures market sentiment on a scale from 0 (extreme fear) to 100 (extreme optimism). It is calculated based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and CoinMarketCap's proprietary search data.

Loopring (LRC), an Ethereum Layer 2 ZK-rollup protocol, announced via its official X account the immediate shutdown of all its decentralized exchange (DEX) services. In its explanation, the Loopring team stated that the project had failed to attract a significant user base. It cited the protocol's lack of a virtual machine (VM) and the absence of practical use cases like composability and payments as factors that hindered ecosystem growth. The team assured users that their assets are safe and that it will cover all transaction costs for withdrawals. However, to ensure efficiency, only whitelisted accounts with a final balance of $10 or more will be able to process withdrawals. LRC was delisted from South Korean exchanges, including Upbit and Bithumb, in February. According to CoinMarketCap, LRC is currently trading at $0.01228, down 2.41%.

While MicroStrategy (Nasdaq: MSTR) is not in an immediate position to sell its Bitcoin (BTC), the company could face significant pressure to do so ahead of Sept. 15, 2027, when investors in its convertible notes can exercise early redemption rights, according to an analysis by BeInCrypto. The media outlet noted that as of June 22, MicroStrategy's average purchase price for BTC was $75,651. With Bitcoin recently falling below $60,000, the company's stock value has also dropped to a level lower than its BTC holdings. If its funding structure weakens, the burden of losses would first fall on common stockholders, followed by index and pension funds (should MSTR be removed from the MSCI index), investors in convertible notes and preferred stock, and finally MicroStrategy itself. The analysis added that the company's primary debt is unsecured, meaning a drop in BTC's price alone will not trigger a margin call. However, if the convertible note investors exercise their redemption rights in September 2027 and the stock price is below the conversion price, the company may need to repay approximately $1.01 billion in cash, which could necessitate the liquidation of its BTC holdings.

A U.S. official stated that technical negotiations with Iran are expected to continue across the various areas covered by a memorandum of understanding (MOU). The official added that both sides will maintain restraint for the time being, ensuring the free passage of ships.

The European Banking Authority (EBA) has unveiled a draft framework for sanctions that could impose fines of up to 12.5% of annual revenue on non-compliant cryptocurrency issuers, Cointelegraph reported. Under the proposal, issuers of significant Asset-Referenced Tokens (ARTs) could face penalties of up to 12.5% of their annual revenue, while issuers of significant E-Money Tokens (EMTs) could be fined up to 10%. The move is interpreted as a signal that the EU is strengthening its supervisory and enforcement stance as it fully implements the Markets in Crypto-Assets (MiCA) regulation. Cointelegraph noted that by establishing clear criteria for fines, authorities are signaling to the market that the era of regulatory grace periods is officially over. The industry has a public consultation period of approximately three months to submit feedback on the proposed framework, which ends on Sept. 28. Meanwhile, the temporary grace period for operations under MiCA is set to expire on July 1.

Ripple's recent preliminary approval for a MiCA-compliant Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator (CSSF) is not yet final, CryptoSlate reported. To secure final approval, Ripple must demonstrate that its Luxembourg branch is equipped with the necessary staff, capital, and control systems, and that it operates separately from its stablecoin, RLUSD. The media outlet noted that the preliminary approval was issued as a "green light letter," which functions as a conditional promise. This indicates that while there are no issues in principle, the process of verifying the remaining conditions has now begun. Ripple must now prove to the regulator, on a service-by-service basis, that its local entity can effectively operate its payment, custody, transfer, and stablecoin businesses.

Binance's Philippine partner, BlockShoals, has received in-principle approval for its StratBox regulatory sandbox from the Fintech Innovation Office of the country's Securities and Exchange Commission (SEC), founder Changpeng Zhao (CZ) announced on X. The Philippine central bank (BSP) had previously stated that neither Binance nor BlockShoals holds a Virtual Asset Service Provider (VASP) license from the bank, adding that participation in the SEC's sandbox does not exempt a firm from the separate approvals needed to operate trading infrastructure.

According to CoinNess market monitoring, BTC has fallen below $59,000. BTC is trading at $58,970.2 on the Binance USDT market.

Julio Moreno, Head of Research at CryptoQuant, warned that if Strategy, the largest corporate holder of Bitcoin, were to sell its common stock (MSTR) or its BTC holdings to defend the price of its preferred stock (STRC), it would signal a key price level to the market. He cautioned that this would effectively tell speculators the BTC price level Strategy is trying to protect, prompting them to intensively attack that level. Moreno had previously pointed out that the primary reason STRC's price fell below $100 was the deterioration of Strategy's fundamentals. He suggested that the company's strategic priority should be to halt further Bitcoin purchases and focus on rebuilding its cash reserves.

The Bank for International Settlements (BIS) has warned that the accelerating expansion of the stablecoin market, currently estimated at around $316 billion, could fragment the global monetary system and weaken the control of national monetary authorities, Cointelegraph reported. The BIS pointed out that stablecoins lack the institutional framework to support the safety and reliability required for them to become a large-scale payment method. It also highlighted the potential for poor management of reserve assets and a reduction in banks' capacity to lend to the real economy if deposits shift to stablecoins. The report specifically noted that the spread of U.S. dollar stablecoins in countries with weaker currencies could undermine monetary sovereignty and the effectiveness of monetary policy, increasing the risk of volatile cross-border capital flows for emerging economies. The BIS added that open blockchains like Bitcoin and Ethereum have limitations in scalability, legal accountability, and payment finality that make them unsuitable as a foundation for financial infrastructure. As an alternative, it proposed a "unified ledger" structure that would tokenize central bank money, commercial bank deposits, and financial assets within a regulatory-compliant framework, suggesting this could achieve both payment modernization and monetary stability.

Real-world asset (RWA) tokenization platform MSX announced that it has opened an airdrop claim page for its ecosystem token, MSX. The total supply of MSX is 1 billion tokens, and eligible users can now claim their allocation on the platform. The initial airdrop and related incentives are scheduled to vest sequentially over a three-month period. MSX explained that the token will be used as a means of ecosystem verification for participating in U.S. stock token trading and pre-IPO project subscriptions. The company added that staking and VIP benefit programs are currently in testing and development.