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U.S. airstrikes on Iranian targets are currently underway, Fox News reported.

The U.S. Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into Polymarket, CNBC reported, citing industry sources. While the start date of the probe has not been disclosed, it is understood to have followed a Wall Street Journal (WSJ) report last week that alleged Polymarket paid creators to upload fake betting videos.

Mark Zuckerberg has reportedly urged Meta Platforms (META) to explore a collaboration with the prediction market platform Polymarket, according to sources. This follows a previous report from the New York Times (NYT) that Zuckerberg had ordered the development of a prediction market app similar to Polymarket and Kalshi.

Ripple CEO Brad Garlinghouse said Michael Saylor's MicroStrategy has had a negative impact on the market. In an interview with CNBC, Garlinghouse pointed out that MicroStrategy's perpetual preferred stock (STRC) is trading at a 25% discount to its face value. He noted this demonstrates the limitations of a financial strategy that relies on borrowing to purchase Bitcoin.

Maxine Waters, a senior Democrat and the ranking member of the U.S. House Financial Services Committee, has urged the Department of Labor to reconsider a proposed rule that would permit cryptocurrency investments in 401(k) retirement plans. According to CoinDesk, Waters submitted an 11-page comment letter arguing that it is contradictory for the department to approve crypto for the retirement funds of ordinary Americans while the Securities and Exchange Commission (SEC) is still developing investor protections to make such assets safe. She stressed that the risks extend beyond the extreme volatility of individual tokens, reflecting what she described as a deteriorating situation across the entire crypto ecosystem, which has seen a collapse in trading activity, developer participation, and user engagement. Waters is considered a likely candidate to return to her former position as chair of the House Financial Services Committee if the Democratic Party performs well in the November elections.

The three major U.S. stock indices closed lower today. - S&P 500: -0.06% - Nasdaq: -0.24% - Dow Jones: -0.11%

Trent Van Epps, who previously handled core development funding at the Ethereum Foundation, has warned of a potential structural funding gap as the foundation reduces its role. In an interview with CoinDesk, he stated that Ethereum's long-term decentralization strategy is entering a critical transition period. Van Epps explained that the Ethereum Foundation is intentionally shrinking its central role rather than consolidating power, which necessitates the rapid establishment of new funding institutions for the network. He noted that while core protocol development requires about $30 million annually, the foundation's funding continues to decrease. The key issue, he argued, is not a decline in technical demand but determining who will consistently fund public-good development to maintain network stability and security. Van Epps anticipates that Ethereum's governance will evolve into a more decentralized structure over the next decade, with the foundation adopting a narrower role while new institutions emerge to handle research, commercialization, and ecosystem expansion. Despite these challenges, he remains positive about Ethereum's long-term prospects, emphasizing its leading position in DeFi, stablecoin payments, and the EVM ecosystem, whose network effects are difficult for competitors to replicate.

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, has stated that it may only be a matter of time before Tether (USDT) surpasses Bitcoin. In a post on X, he said that Tether is likely to become the world's largest cryptocurrency, adding that the dominance of dollar-pegged stablecoins is reshaping the entire crypto ecosystem. McGlone noted that Tether is a stablecoin pegged to the U.S. dollar and questioned what could stop the spread of tokenization in an environment where tokens tracking real-world, income-generating assets coexist with numerous cryptocurrencies that track nothing yet hold billions in value. He emphasized that the market is currently in a cleansing stage and believes Bitcoin could crash to $10,000 during this period. McGlone also pointed to Tether's previous overtaking of Ethereum's market capitalization, suggesting this trend could continue.

South Korean crypto exchange Bithumb has announced the temporary suspension of deposits and withdrawals for 28 assets on the Base (BASE) network, citing an issue with the mainnet. The affected assets are as follows: - Aerodrome Finance (AERO) - Avantis (AVNT) - AWE (AWE) - B3 (B3) - Brett (BRETT) - Chainbased 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) - Theoric (THQ) - Toshi (TOSHI) - Towns (TOWNS) - Intuition (TRUST) - Superform (UP) - Virtuals Protocol (VIRTUAL) - Venice Token (VVV) - Zora (ZORA)

Coinbase's Layer 2 network, Base, has experienced another block production issue, its second in two days. According to Base Status, the mainnet encountered problems with block production at around 3:30 p.m. UTC on June 26, leading to a temporary chain suspension. Base later announced that block production had resumed and the issue was resolved as of 4:11 p.m. UTC. The network also suspended mainnet operations the previous day for a similar issue, with that outage lasting for about two hours before being resolved.

Binance CEO Richard Teng announced via X that the company will donate $3 million in USDT to support its users in the earthquake-affected regions of Venezuela. He added that for a limited time, all P2P fees and Binance Pay merchant fees will also be waived.

Nasdaq-listed sports betting company DraftKings has launched its own prediction market trading platform, DKeX. The platform operates on technology and licenses acquired through DraftKings' acquisition of Railbird, a Designated Contract Market regulated by the U.S. Commodity Futures Trading Commission (CFTC).

According to The Wall Street Journal, two U.S. senators have sent a letter to the chairman of the Commodity Futures Trading Commission (CFTC) urging an investigation into Polymarket. The senators expressed deep concern over previous reports of the platform's deceptive marketing practices, emphasizing the need for an immediate review.

Whale Alert reported that 3,968 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $239 million.

U.S. President Donald Trump stated on June 26 that Iran launched at least four one-way attack drones at a ship transiting the Strait of Hormuz. He said one drone struck the upper deck of a large, high-value cargo vessel, causing damage, but the ship was able to continue its journey. The other three drones were shot down, he added. Trump criticized the act as a "foolish violation" of a ceasefire agreement.

More than 60 cryptocurrency projects have shut down so far this year, with the number continuing to grow, Wu Blockchain reported, citing data from Web3 platform RootData. The top three defunct projects by investment amount were all backed by Andreessen Horowitz (a16z): Yupp ($33 million), Syndicate ($27.8 million), and Entropy ($26.95 million).

Minneapolis Federal Reserve Bank President Neel Kashkari said he expects one interest rate hike in 2026 and projects that rates will remain at their current level in 2027.

Real-world asset (RWA) tokenization platform Securitize plans to raise $400 million ahead of its initial public offering (IPO), CoinDesk reported. The company is pursuing the IPO through a merger with Cantor Equity Partners II (Nasdaq: CEPT), a special purpose acquisition company (SPAC) affiliated with Cantor Fitzgerald. The transaction is expected to close on July 1, following shareholder approval and the fulfillment of other customary closing conditions on June 29. The combined entity plans to begin trading on the New York Stock Exchange (NYSE) under the ticker SECZ on July 2.

Neel Kashkari, president of the Minneapolis Federal Reserve Bank, said that rising inflation is not solely attributable to oil prices and factors in the Middle East.

A whale investor who held Ethereum for eight years has closed out the position, selling the remaining 20,000 ETH about 30 minutes ago, according to on-chain analyst EmberCN. The move is estimated to have netted a profit of $27.53 million. The address sold a total of 37,598 ETH today at an average price of $1,561, compared to a purchase price of $829 eight years ago.

Jeremy Grantham, co-founder of major Wall Street asset management firm GMO, told CNBC that Bitcoin will slowly fade away over years or decades rather than collapsing suddenly. He described the cryptocurrency as a useless, speculative asset with no intrinsic value and not a stable form of value. Grantham pointed out that its price was cut in half for no particular reason even during an economic boom, whereas gold maintained a solid upward trend over the same period despite falling from its peak. He argued that Bitcoin has failed to prove its usefulness even for speculation and offers no practical utility, noting that people do not use it to buy dinner or pay for groceries. The only thing Bitcoin does, Grantham asserted, is help criminals move money around.

Prediction market platform Kalshi announced on social media that it has entered into an official partnership with the FIFA World Cup.

According to Lookonchain, a whale who profited $4.4 million three days ago from shorting BTC, ETH, and SOL has re-established short positions. The investor reportedly used 20x leverage to open new shorts on 912.9 BTC, valued at $54.55 million, and 10,025 ETH, worth $15.65 million.

SATA, the preferred stock of corporate Bitcoin buyer Strive (ASST), has hit an all-time low of $79.01.

Solana-based DEX aggregator Jupiter announced it will support trading for the Roundhill Memory ETF (DRAM). The ETF invests in global memory semiconductor companies, including Samsung Electronics, SK Hynix, Micron, and SanDisk.