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The U.S. government believes Iran will accept a deal to halt its uranium enrichment activities for 15 years, according to a report from The New York Times (NYT).

Bitwise has analyzed that Bitcoin's (BTC) recent weakness is not due to issues within the crypto market but rather its role as a "canary in the coal mine," detecting shifts in risk ahead of traditional markets. The asset manager noted that a risk-off sentiment is sweeping global asset markets, pointing to a recent 5% plunge in the Nasdaq and a temporary trading halt on the KOSPI, both triggered by concerns over prolonged high interest rates following strong U.S. employment data. However, Bitwise highlighted that on-chain data indicates liquidity remains plentiful. The Relative Strength Index (RSI) for the Stablecoin Supply Ratio (SSR) has fallen to 13, a level historically considered an accumulation zone. With approximately $72 billion in stablecoins sitting on major exchanges as potential buying power, Bitwise suggested that Bitcoin could rebound ahead of stocks once liquidity returns to the market.

Whale Alert reported that 211,203,228 USDC has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $211 million.

The three major U.S. stock indices have experienced a sharp short-term drop, with the Nasdaq Composite's decline widening to 3.5%.

According to CoinNess market monitoring, BTC has fallen below $61,000. BTC is trading at $60,985.69 on the Binance USDT market.

Blockstream CEO Adam Back rejected Bitcoin Improvement Proposal (BIP) 110 on June 8, stating it has technical flaws. He warned that forcibly activating the proposal without broad ecosystem support could trigger a contentious fork, splitting Bitcoin into minority chains. The proposal, BIP-110, seeks to limit non-financial data in Bitcoin transactions. Proponents are pushing to implement it via a User Activated Soft Fork (UASF) without miner consensus, with the debate intensifying in early June. Michael Saylor has also described BIP-110 as a threat to the protocol and Bitcoin's greatest risk of self-inflicted harm. Back dismissed the proposal, arguing it is fundamentally different from SegWit, which previously gained widespread support, and asserted that its purported spam-reduction benefits would not be effective.

Iran's Supreme Leader Ayatollah Khamenei stated that while the country has never sought war and is not currently seeking one, it will never relinquish its legitimate rights.

A wallet address belonging to Garrett Jin, founder of the fraudulent crypto exchange BitForex, has opened a 2x leveraged long position of 27,300 ZEC at an average price of $460. Previously, the same address reportedly realized an $11.24 million profit on June 7 by closing a ZEC short position.

The Nasdaq Composite has extended its intraday losses to over 1.5%, while the S&P 500 is down 1%. The Philadelphia Semiconductor Index has plunged 3.7%. Among individual stocks, Qualcomm (QCOM) has fallen 7.5%, Micron Technology (MU) is down 4%, and Intel (INTC) has dropped 3.6%.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 3,935 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $245 million.

Global investment bank TD Cowen, which manages $150 billion in assets, has reiterated its Buy rating and $400 price target for corporate Bitcoin holder MicroStrategy (MSTR), according to a recent report.

Quinn Thompson, Chief Investment Officer (CIO) of crypto asset manager Lekker Capital, has maintained a strongly pessimistic outlook on the cryptocurrency market through this summer, warning of structural risks. Thompson diagnosed that Bitcoin is currently under pressure from issues related to Digital Asset Treasury (DAT), unresolved questions about Strategy's (Strategy) STRC preferred stock, and concerns that quantum computing could threaten Bitcoin's security model. He noted that a combination of worsening liquidity and intense selling pressure has deepened Bitcoin's recent decoupling from the tech stock market, leading to its underperformance even amid a rally in tech shares. Thompson also expressed concern for the broader tech sector, pointing to the weakening leadership of the Magnificent 7 (Mag 7) as well as decreased free cash flow and rising debt resulting from a surge in AI-related capital expenditures (CAPEX). Furthermore, he forecasted that upcoming mega-initial public offerings (IPOs) from large tech companies like SpaceX, Anthropic, and OpenAI could absorb trillions of dollars in investment capital, potentially draining liquidity from both the crypto and stock markets.

U.S. Senator Elizabeth Warren of Massachusetts has sent a letter to Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, criticizing the agency's poor oversight of prediction markets and cryptocurrency firms and demanding the submission of related records. Warren argued that the CFTC is being swayed by the companies it regulates and that the agency's capabilities have weakened since the Trump administration took office. According to data cited by Warren, the value of major prediction markets like Kalshi and Polymarket grew to approximately $60 billion as of early 2026, while the CFTC's staffing to oversee them was reduced by about 25%. Enforcement actions also decreased from 58 in fiscal year 2024 to 11 since President Trump's inauguration. The letter alleges that the CFTC made favorable decisions or dropped investigations into companies linked to the president's family and supporters, such as Donald Trump Jr.'s investment firm and Trump Media. Warren criticized the current CFTC as unprepared to handle expanded regulatory authority, particularly as Congress considers a bill to transfer crypto regulatory powers to the agency.

Cryptocurrency whale investor Jeffrey Huang, who recently suffered massive losses from futures investments, has built a $5.9 million long position in Ethereum (ETH) at an average price of $1,640. The position is approximately 3,600 ETH in size, with a liquidation price of $1,626.2.

AI Financial Corp., formerly Alt5 Sigma, a publicly traded company with a cryptocurrency partnership with the Trump family, is facing delisting from Nasdaq due to a collapse in its stock price. According to a corporate filing, the company will be removed from the exchange if its stock price does not recover within the next 15 trading days. The firm has warned investors that its ability to continue as a going concern is uncertain. In August 2025, the company signed an agreement to acquire $1.5 billion in tokens from the Trump family's crypto project, "World Liberty Financial." Through this deal, President Donald Trump and his family members secured rights to approximately $500 million in profits. The company's stock, which was trading at $8.97 just before the announcement, had plummeted 93% to $0.66 as of June 8, 2026.

The Bitcoin market has transitioned from an accumulation phase that drove prices higher to a distribution phase, according to a report from Bitfinex. Data shows that the Spot Volume Delta turned negative following strong buying pressure from April to May, indicating that early investors are now consistently selling assets amid market weakness rather than increasing their holdings. Analysts pointed out that the average cost basis for short-term holders is below the market average of $77,800, adding that this means a significant portion of recent capital is at an unrealized loss. This situation is creating new selling pressure on every price rebound. Bitfinex expects the overall market to maintain a defensive posture until spot demand recovers.

The Chief of Staff of the Israeli Defense Forces (IDF) stated that the military is ready to immediately return to combat with Iran, adding that the recent airstrike against the country was a prelude to more powerful and severe attacks.

According to security firm PeckShield, the Token of Power (TOP) protocol has been exploited for approximately $1.58 million. The attacker converted the stolen funds into 945 ETH and immediately funneled them through the crypto mixing platform Tornado Cash.

According to data from Coinglass, a drop in BTC's price below $60,000 would trigger the liquidation of $823 million in cumulative long positions across major centralized exchanges (CEX).

According to CoinNess market monitoring, BTC has fallen below $62,000. BTC is trading at $61,990 on the Binance USDT market.

WaterX, an AI-powered trading platform within the Sui ecosystem, officially launched its mainnet on June 9 and announced a full compensation plan for its beta test users. Users who incurred a net loss during the beta period will be fully reimbursed for their losses if they complete an asset transfer by June 22 and execute their first trade on their new account. WaterX, which integrates perpetual contracts, prediction markets, and a Real-World Asset (RWA) tokenization engine, was selected for and is supported by the Sui Foundation's Moonshot Program. The platform announced it will soon open a prediction market covering all 2026 World Cup matches and will host a "2026 World Cup Mystery Box" event.

Tom Lee, chairman of Bitmine (BMNR), a publicly traded company that strategically holds Ethereum (ETH), and co-founder of Fundstrat, has advised investors not to over-read into market volatility, describing the interpretation of the recent stock market decline as a crisis for the bull market as a "false narrative." Lee pointed to three factors behind the recent market turbulence. First, concerns over AI trading that emerged after Broadcom's earnings guidance. Second, large-scale capital raising by Big Tech companies, including Google ($80 billion), SpaceX ($75 billion), OpenAI (an estimated up to $100 billion), Anthropic ($75 billion), and Meta. Third, ongoing geopolitical tensions. He also refuted claims that the upcoming SpaceX initial public offering (IPO) on June 12 could signal a market top, calling it a "misplaced concern." Lee argued that large IPOs rarely mark market peaks and noted that with $7 trillion in cash on the sidelines, the market can absorb the offering and continue its positive trend afterward.

U.S. stock and cryptocurrency trading app Robinhood announced on its official website that it has listed Cosmos (ATOM) for spot trading.

Negotiations aimed at preventing Iran from possessing nuclear weapons are yielding positive results, Saudi Arabian TV reported, citing a White House official.