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U.S. spot Ethereum ETFs recorded a net inflow of approximately $9.6 million on June 16, marking the second consecutive day of inflows, according to data from Farside Investors. - BlackRock's ETHA: +$17.3 million - Bitwise's ETHW: -$3.5 million - Fidelity's FETH: -$2.2 million - Grayscale's Mini ETH: -$2.0 million

U.S. spot Bitcoin ETFs recorded a net inflow of $10.2 million on June 16, according to data from Farside Investors. The figure marks a return to net inflows after a single day of net outflows. - BlackRock's IBIT: +$16.4 million - Fidelity's FBTC: +$4.3 million - Morgan Stanley's MSBT: +$1.9 million - Grayscale's GBTC: -$16.8 million - Grayscale's Mini BTC: +$4.4 million

OKX founder Star Xu criticized Binance founder Changpeng Zhao (CZ) on X, questioning if he was deceiving the public again. Xu claimed that Binance has created a shell decentralized cryptocurrency exchange (DEX) called Aster (ASTER), which he described as a near-exact copy of the Hyperliquid model, despite being fully aware of the legal and regulatory risks. He argued that Aster shares significant resources with the Binance ecosystem, including team members, and that CZ himself has promoted the project on multiple occasions. "Creating a separate shell might be their way of ensuring regulatory compliance," Xu said, questioning, "If the business model, resources, personnel, and incentives are largely the same, what is actually different?" This follows a recent podcast where Changpeng Zhao stated that while Hyperliquid is a "great invention," Binance would not directly copy its model for compliance reasons.

Tether has secured approximately $12.7 million by selling a portion of its stake in Bitcoin cloud mining company Bitdeer (BTDR), The Energy Mag reported. According to a 13D amendment filed with the U.S. SEC on June 16, Tether affiliates held 37.7 million Class A shares of Bitdeer as of June 12, representing 19.7% of the outstanding Class A shares. This marks a reduction from the 38.3 million shares (20.1%) disclosed in a February filing. The move is seen as profit-taking after Tether initially bought the shares at a low point in February, when Bitdeer's stock price fell following a refinancing announcement. Tether's average purchase price at the time was around $8.85, and the recent sale occurred after the stock rebounded to approximately $20.

World Liberty Financial (WLFI) is expected to receive approval to operate a U.S. federal trust bank. According to The Block, the Office of the Comptroller of the Currency (OCC) is scheduled to announce a final decision on the bank charter application soon, with OCC officials reportedly viewing the approval as a virtual certainty. If the charter is confirmed, WLFI will be able to directly issue and redeem its stablecoin, USD1. The company will also be able to manage reserves, provide crypto custody, and offer payment and settlement services under a single federal regulatory framework.

The digital yuan operating center, established by the People's Bank of China (PBOC), has signed participation agreements with 26 financial institutions in Shanghai, Reuters reported. The move aims to promote low-cost, high-efficiency cross-border payments and increase the global use of the yuan. Participating institutions will join the Cross-Border e-CNY Transfer Service (CBETS), an integrated payment platform that supports 24-hour digital payments with overseas central banks and financial institutions. The PBOC is actively promoting the expansion of the digital yuan's use both domestically and internationally, having approved an additional 12 banks to handle the currency in March.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $56.01 million liquidated (66.76% longs) - ETH: $94.63 million liquidated (60.72% shorts) - SPCX: $23.34 million liquidated (76.79% longs)

Representative Barry Moore has won the Republican primary runoff for an Alabama Senate seat, defeating candidate Jared Hudson, reported Eleanor Terrett, host of Crypto in America, via X. Moore's campaign was supported by over $12 million from Fairshake, a U.S. crypto industry Super PAC. According to Terrett, Moore is backed by President Donald Trump and the crypto industry. In a statement following the victory, Fairshake said that as the biggest spender in the election, it has successfully sent another pro-innovation advocate to the Senate. The Super PAC added that with around $150 million in cash, it is prepared to push for the creation of the largest pro-crypto caucus in history.

South Korea's Fair Trade Commission has asked 18 brokerage firms, including Korea Investment & Securities, Meritz Securities, and Hana Securities, to submit their opinions on a proposed merger between Dunamu and Naver Financial by the end of this month, Money Today Broadcasting reported. The firms are reportedly concerned about the potential for monopolistic harm from the combination of the country's top operators in simple payments and virtual assets. According to the report, the commission specifically asked the firms whether it is feasible to combine an unlisted stock brokerage platform with a virtual asset exchange and whether such an integrated platform could secure a competitive advantage that rivals would struggle to overcome.

The U.S. gaming industry has joined forces with unions and Native American tribal groups to urge Congress to include a provision in a pending cryptocurrency bill that would block sports betting on prediction market platforms like Kalshi, Semafor reported. The American Gaming Association (AGA), the Indian Gaming Association, and the hotel and gaming workers' union UNITE HERE, part of the AFL-CIO, argue that prediction markets have caused the largest expansion of gambling in U.S. history over the past 18 months without legislative approval. The coalition is demanding that Congress use the crypto bill to codify the principle that sports betting falls outside the jurisdiction of the Commodity Futures Trading Commission (CFTC) and should not be permitted on these platforms. Last month, the AGA estimated that states lost $1 billion in 2025 due to prediction markets, a figure the industry disputes.

According to Arkham data, a new address starting with 0x008d withdrew 40,000 HYPE, valued at $2.91 million, from a Bybit hot wallet approximately one hour ago. On-chain analyst ai_9684xtpa noted that this address has accumulated a total of 150,000 HYPE, worth $10.08 million, over the past five days at an average purchase price of $67.24. The analyst estimates the address's unrealized profit at around $1.062 million.

Russia will add Circle's USDC to its list of cryptocurrencies approved for trading, Cryptopolitan reported, citing a senior official from the country's Ministry of Finance. The move follows an announcement from the Russian central bank earlier this month that, starting July 1, the list of cryptocurrencies permitted for investment by retail investors would be limited to BTC, ETH, and USDT.

FTX founder Sam Bankman-Fried (SBF), who is serving a 25-year prison sentence, has stated that he plans to issue a new coin upon his release. According to Wu Blockchain, SBF told fellow inmate David Bunewacz that he would need between $50 million and $100 million in initial capital to build a real business. He added that he would issue his own coin after being released, predicting that everyone would flock to it. SBF had previously appealed his 25-year sentence, but a U.S. court ultimately dismissed it.

Coinbase's Base network has announced it will activate the Beryl hard fork on the Base Sepolia testnet at 6:00 p.m. UTC on June 18. The upgrade will introduce B20, a native token standard for stablecoins, real-world assets (RWA), and long-tail token issuers. It will also enhance capital efficiency by shortening the single proof withdrawal confirmation period from seven to five days. Additionally, the hard fork will implement Reth V2 to reduce disk usage by up to 50% and rewrite the state root pipeline to increase throughput by 33%.

Miles Jennings, legal counsel for a16z Crypto, has criticized the proposed Digital Asset Privilege Tax Act in Illinois, which would impose a 0.2% tax on cryptocurrency transactions, calling it a regressive law for the blockchain industry. He noted that the law could lead to taxes on the simple act of buying BTC or holding it on an exchange. Jennings pointed out that virtually no U.S. state imposes a similar financial transaction tax on stocks, bonds, or derivatives. He argued that this approach specifically targets crypto and could potentially violate several federal laws. Furthermore, Jennings described the logic as irrational, stating that it is equivalent to taxing an asset just because it is recorded on a blockchain while its paper equivalent remains untaxed. "This is like imposing a tax on email," he said. He emphasized that instead of encouraging the innovation and efficiency of blockchain technology, the state of Illinois is burdening the industry and its users.

The Altcoin Season Index from crypto data platform CoinMarketCap is currently at 48. The index compares the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An "altcoin season" is declared when 75% of these top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered a "Bitcoin season." A score closer to 100 indicates an altcoin season.

Shayne Coplan, CEO of the prediction market platform Polymarket, announced via X yesterday that the service has marked its sixth anniversary. He said it was amazing to see people embrace the absurd idea of "information markets," but added that there is still a long way to go. Meanwhile, Polymarket has been gaining popularity, recently surging from 117th to sixth place in the U.S. App Store rankings.

The altcoin market is not completely finished, but projects sustained solely by narrative will find it difficult to survive, according to CryptoQuant CEO Ki Young Ju. In a post on X, he stated that while narrative is important, it is no longer sufficient on its own. He believes some altcoins are still worth holding for the long term, provided they have a real business, generate revenue, and align with global financial trends. Ki identified several types of meaningful altcoins: companies with a tokenized market layer, revenue-generating DeFi services, and projects aligned with broader financial trends. He asserted that 99.9% of altcoins should be filtered out, but clarified that there is a difference between most being worthless and all being worthless, stressing that selection is more important than prejudice. Ki concluded with an analogy, stating that he entered the crypto market expecting a jazz-like environment but now finds it has become more like classical music. He observed that most of the free-spirited participants have left, replaced by Wall Street types in suits who are now quietly listening, adding that he sometimes misses the earlier era.

U.S. crypto Super PAC Fairshake and its affiliates have poured approximately $12.1 million into the Alabama Republican Senate primary, marking the largest single-race expenditure of the 2026 midterm election cycle to date, The New York Times reported. According to ad data analytics firm AdImpact, $9.8 million of this was spent on television advertising alone. The spending supports Republican Representative Barry Moore, who has backed pro-crypto legislation and publicly opposed the introduction of a central bank digital currency (CBDC). Fairshake's ads have prominently featured President Donald Trump's endorsement of Moore. Fairshake, which had amassed a war chest of around $150 million as of May, plans to reserve most of its funds for the general election in the fall while continuing to back pro-crypto candidates in select, safe primary contests.

The Crypto Council for Innovation (CCI) is urging Illinois Governor JB Pritzker to veto the recently signed Digital Asset Privilege Tax Act, which imposes a 0.2% tax on cryptocurrency transactions. In a letter sent to the governor on June 16, the CCI described the measure as "the most punitive digital asset tax in the United States." The council pointed out that the tax is levied on the act of using crypto—including transactions, transfers, and custody—rather than on income, gains, or profits, and noted there is no exemption for transfers between a user's own accounts. The CCI also highlighted that Illinois is the first U.S. state to introduce a transaction-based crypto tax, warning that the move could stifle crypto adoption and investment and drive developers and innovative firms to other states.

An address suspected of belonging to Arthur Hayes, which begins with 0xf7A4, has withdrawn 1,400 ETH ($2.51 million) from FalconX, Onchain Lens reported. The address now holds a total of 4,400 ETH ($7.89 million).

Garrett Jin, the founder of the fraudulent crypto exchange BitForex, is seeing a $13.2 million loss on a 5x BTC long position, while also holding a $3.29 million profit on a 2x ZEC long position, Onchain Lens reported.

The real-world asset (RWA) tokenization market is growing rapidly despite a downturn in the broader crypto market, Cointelegraph reported. According to Token Terminal, the value of the asset token market has now surpassed $43 billion, marking a roughly 37% increase over the past six months. Tokenized funds account for approximately 80% of the total RWA market, followed by tokenized commodities at 16%. Tokenized equities represent about 3.8% of the market.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot trading pair. The upper section shows a Volume Heatmap, while the lower section displays the CVD. - The Volume Heatmap tracks trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences a significant move. Brighter areas may indicate potential support and resistance levels. - The CVD indicator represents buy and sell orders categorized by trade size. As buy orders for a specific category increase, its corresponding colored line on the chart rises. The yellow line, for instance, tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

CoinMarketCap's proprietary "Fear & Greed Index" registered a score of 24, down one point from yesterday. The index remains in the 'fear' stage. A score closer to zero indicates extreme fear in the market, while a score nearer to 100 signifies extreme optimism. The index 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 own search data.