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South Korean crypto exchange Coinone has announced it will delist Neutron (NTRN) at 6:00 a.m. UTC on July 9. The exchange stated that after a thorough review of NTRN, which had previously been placed on a delisting watchlist, it found no evidence that the issues leading to the designation had been resolved. Coinone added that it is ending trading support for the token to protect users.

This chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section displays the Cumulative Volume Delta (CVD). - The top Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. Brighter areas can act as potential support or resistance. - The bottom Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line represents orders between $100 and $1,000, and the brown line indicates large orders between $1 million and $10 million.

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: 50.15% long, 49.85% short - Binance: 51.02% long, 48.98% short - OKX: 49% long, 51% short - Bybit: 49.7% long, 50.3% short

With ETH down 60% from its October high, the current price level could be either a buying opportunity or a structural value trap, according to an analysis by on-chain firm 10X Research. The firm noted that it has maintained a bearish stance on ETH since last October, continuously pointing to structural flaws. 10X Research argued that even when ETH was trading at $3,800, it was not an attractive asset to hold, and the DeFi growth narrative was based on excessive expectations. The analysis added that the rally in the middle of last year was primarily driven by inflows related to Bitmine, and this price momentum vanished once the inflows stopped as the mNAV, or market price to net asset value, premium shrank to 1x. The gap between price and intrinsic value was bound to close, and with the Bitmine effect gone, ETH's price has returned to a level more in line with its fundamentals, the firm said. However, 10X Research explained that with the price now down approximately 60% from its October high and trading below its undervalued range, its previous bearish outlook requires re-evaluation. The current level could represent a rare buying opportunity for long-term investors, but it also risks being a value trap that reflects a weakening of ETH's structural competitiveness.

Parker White, co-founder of the U.S.-listed company DeFi Development (DFDV), which has been strategically accumulating SOL, stepped down from his executive position on June 8. White is set to serve as an advisor for a period before shifting his focus to Apyx, a decentralized finance project backed by DFDV.

Haedal Protocol (HAEDAL) announced it has recently detected an abnormal decrease in liquidity within some of its vault pools. The team has paused the relevant contracts to investigate the root cause and prevent further damage. Haedal stated that the issue is confined to specific vault pools and that all other modules remain secure. The protocol also pledged to fully compensate for any losses incurred from the incident. A more detailed report on the investigation will be shared once the analysis is complete, the team added.

Tools for Humanity, the company behind Worldcoin (WLD), is reducing its workforce, BeInCrypto reported. The company stated the move is part of a realignment of its business strategy and operational priorities. Further details are expected to be announced at a town hall meeting scheduled for Tuesday.

The "0% foreign exchange fee" touted by crypto cards and neobanks simply means they do not add an extra fee on top of the exchange rate already set by Visa or Mastercard, according to Lito Coen, founder of Cryptotesters. In a post on X, he explained that since all current crypto neobanks are built on existing payment network infrastructure, currency conversions for overseas card payments are handled by companies like Visa. To achieve a true 0% fee, a company would need to convert currency at interbank rates, which requires building a proprietary engine like those used by Revolut and Wise. Coen noted that even these services are limited, typically only handling major currencies due to hedging costs and often capping the 0% fee benefit at $1,000 per month. He projected that moving the foreign exchange market on-chain would grant all neobanks access to wholesale liquidity, making unlimited, global 0% exchange rates possible. "This is the way to surpass traditional finance," he added.

A newly created address has received 62.68 million H tokens, worth approximately $7.65 million, from BitGo amid the recent Humanity Protocol hack, according to Onchain Lens. The analytics firm suggested the receiving wallet is likely associated with venture capital firm Framework Ventures.

The SaharaAI (SAHARA) team announced on X that it is investigating the cause of the token's recent sharp price volatility. The team stated it is aware of the unusual market movement and is monitoring the situation in real-time. It assured users that no security issues have been found with the token contract or its products. An internal investigation is currently underway to determine the cause of the price fluctuations, and the team plans to share its findings and more information soon. SAHARA is currently trading at $0.01527, down 60.19%, according to CoinMarketCap.

On-chain analyst ZachXBT has raised the possibility that the recent hack of Humanity (H) was staged. In a post on X, ZachXBT argued that it is unclear whether the incident was a simple hack or an issue related to a market maker (MM). He noted that the project's chart suggests the Humanity team may have collaborated with an active MM within a concentrated supply structure. ZachXBT also pointed out that the sell volume was handled exclusively on decentralized exchanges (DEXs) rather than centralized ones, making the team's explanation difficult to fully believe. Previously, Humanity CEO Terence Kwok had announced that approximately $20 million in damages occurred due to the leak of a private key belonging to a foundation official.

USDC issuer Circle announced the launch of cirBTC, a wrapped token backed 1:1 by Bitcoin, on the Ethereum network. The company explained that while the native Bitcoin is held in separate custody, cirBTC can be traded within the smart contract market.

Zach Wischler, a contributor to Bitcoin Magazine, has criticized MicroStrategy founder Michael Saylor, arguing that his recent actions are making him resemble the traditional financial system that BTC was intended to replace. Wischler stated on X that he had trusted Saylor for years and held MicroStrategy stock through its ups and downs, believing him to be one of the few who understood the flaws of legacy finance. However, he pointed out that the company's name change, the launch of preferred stock, a new dashboard, and a promotional video for the STRC preferred stock that looked like an ETF advertisement reminded him of the very system BTC was meant to tear down. Wischler added that sound money should be simple—a store of value, medium of exchange, and unit of account that no one can dilute or control—and expressed his feeling that recent trends are moving away from this core principle.

The U.S. House Ways and Means Committee has unveiled six cryptocurrency-related tax bills on X. The proposed legislation includes: - a bill on charitable deductions for cryptocurrency donations - a bill to clarify the taxation of mining and staking activities - a bill to simplify tax filing for cryptocurrency holders - a bill to align cryptocurrency regulations with existing tax rules - a bill to establish a voluntary disclosure program for cryptocurrency - a bill to extend existing anti-abuse tax provisions to cryptocurrencies The committee explained that the measures are designed to enhance clarity, fairness, and administrative capacity for cryptocurrencies, as well as to maintain the U.S.'s standing in the crypto space.

Simon Gerovich, CEO of the Japanese listed company Metaplanet, which has been accumulating BTC, stated that BTC returns are the company's most important key performance indicator. He explained on X that the firm's capital allocation is focused on maximizing BTC returns for shareholders. According to Gerovich, if the company's price-to-net-asset-value ratio (mNAV) falls below one, share buybacks can contribute to improving BTC returns, with the effect being greater the lower the mNAV. He added that while share buybacks are an important option, the company must adhere to insider trading regulations and disclosure obligations, and would therefore refrain from commenting on the specific timing or progress of any such actions.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $71.87 million liquidated (58.12% longs) - ETH: $73.99 million liquidated (56.83% longs) - SAHARA: $22.79 million liquidated (98.81% longs)

On-chain analyst Specter reported that 100 million new Humanity (H) tokens have been minted and are being swapped for BNB amid an ongoing hack targeting wallets that have interacted with the project. Specter previously claimed that the hacker has been continuously attacking token holders, with cumulative damages exceeding $20 million.

U.S. spot Ethereum ETFs recorded a net inflow of $68.17 million (103.4 billion won) on June 8, marking the second consecutive day of positive flows, according to data from TradeT. - BlackRock ETHA: +$3.56 million - BlackRock Staking ETHB: +$26.96 million - Fidelity FETH: +$28.57 million - Bitwise ETHW: +$3.02 million - 21Shares: +$1.26 million - VanEck ETHV: -$3.70 million - Grayscale Mini ETH: +$8.00 million

U.S. spot Bitcoin ETFs recorded a net outflow of $91.38 million (138.7 billion won) on June 8, marking the second consecutive day of net outflows, according to data compiled by Trader T. - BlackRock (IBIT): -$232.92 million - Morgan Stanley (MSBT): +$4.91 million - Fidelity (FBTC): +$59.37 million - Bitwise (BITB): +$14.12 million - Ark Invest (ARK): +$63.14 million

South Korean crypto exchange Upbit announced that it will list Citrea (CTR) for trading against BTC and USDT at 6:00 a.m. UTC on June 9.

SaharaAI (SAHARA) plunged by more than 50% in approximately 15 minutes. The sharp decline began around 2:15 a.m. UTC on June 9, with the price falling from about $0.034 to a low of $0.015. According to CoinMarketCap, SAHARA is currently trading at $0.01702, down 55.27%.

While short-term signals for Bitcoin are predominantly bearish, long-term indicators are beginning to suggest the asset is entering undervalued territory, according to an analysis by Fidelity Digital Assets. The firm noted that BTC has been in a death cross state for 204 days and briefly dipped below its 200-week simple moving average of around $61,800 on June 5-6, a level that preceded forced liquidations when breached for an extended period in 2022. However, long-term metrics are showing signs of bottoming. As BTC nears its network average realized price of about $53,600, its MVRV-Z score is approaching zero, signaling undervaluation. This score is now below its February low, which may indicate that assets bought at higher prices are changing hands at lower prices. Fidelity also highlighted a divergence: the Fear & Greed Index, while in 'Extreme Fear,' remains above its February low, suggesting sentiment is not as poor as it was then, even though the valuation is lower. The analysis concluded that while short-term signals lean bearish, long-term indicators are starting to pivot toward forming a bottom.

John D'Agostino, head of institutional strategy at Coinbase, told CNBC that institutional investor sentiment remains strong despite Bitcoin's recent dip below $60,000. He noted that family offices and government sovereign wealth funds perceive the current price decline as a buying opportunity. According to D'Agostino, these investors favored BTC at $125,000, purchased it at $100,000, and are showing even more aggressive interest at the $65,000 level. He added that current spot BTC ETF holdings are being maintained at around $100 billion. While the price of BTC has fallen by about 50% from its peak, the decline in demand from retail investors has been limited to approximately 15%, he said.

Humanity (H) CEO Terence Kwok announced that a foundation member's private key was leaked. To prevent further damage, the foundation has advised users to stop using the bridge and all liquidity pools until security can be confirmed. Humanity was previously confirmed to have suffered a $20 million hack.

Glenn Cameron, Global Head of Onramp Institutional, has warned that retail investors would be the most affected if a crisis at Strategy were to materialize. In an interview with crypto journalist Laura Shin, Cameron said that 83% of investors in Strategy's perpetual preferred stock (STRC) are retail investors. He added that he constantly receives anxious messages from people in professions like electricians, plumbers, nurses, and truck drivers. Cameron explained that the only investment advice these individuals received came from podcast hosts or the company selling the securities. He noted that retail investors tend to buy high and sell low. In a worst-case scenario where the price of BTC falls below the value of the company's convertible notes and preferred stock, these investors would not receive the returns they were promised for six, 12, or 18 months. Cameron predicted that if prices drop, these investors would likely sell, causing massive reputational damage to Strategy and making future fundraising difficult.