Today's Key News Highlights:
Ethereum's Glamsterdam upgrade enters final development phase, expected to launch on mainnet in H2
CZ: Hyperliquid's innovation is outstanding, Binance finds it hard to compete in its niche market
Coinbase to launch 1:1 tokenized U.S. stocks, holders to receive dividends
Regulation & Macro
Wang Xin, Director-General of the Research Bureau of the People's Bank of China, stated at the 2026 Lujiazui Forum that it is necessary to ensure the security, neutrality, and efficiency of the international payment system, and to strengthen the interconnection between central bank payment systems and retail payment systems. He called for prudently exploring the potential of new payment instruments, closely monitoring the impact of stablecoins on the international monetary system and cross-border payments, improving regulatory rules, and promoting inclusive, efficient, and resilient international payments to support sustainable development and world economic growth.
U.S. Congress reaches agreement on housing bill, includes extending CBDC ban to 2030
U.S. congressional leaders have reached an agreement on a comprehensive housing bill that includes restrictions on institutional investors purchasing single-family homes, bank deregulation measures, and an extension of the ban on the Federal Reserve developing a central bank digital currency (CBDC) until 2030. The Senate is expected to pass it this week, and the House will send it to the President for signature next week.
Russian government to allow USDC into its regulated crypto market
Russia's Deputy Finance Minister stated that USDC will be added to the list of approved cryptocurrency transactions, alongside USDT, Bitcoin, and Ethereum. Non-professional investors can only invest in crypto assets with an average market cap exceeding 5 trillion rubles over the past two years, with an annual investment cap of 300,000 rubles. The regulatory bill must be passed by July 1.
Illinois has become the first U.S. state to tax digital asset transactions. The governor signed SB 3019, which includes the Digital Asset Tax Act, imposing a 0.2% occupation tax on brokers who trade, transfer, or custody digital assets for clients in the state. Expected to take effect on January 1, 2027, it is projected to generate approximately $60 million in annual tax revenue. Industry groups criticized the tax for targeting only a single asset class, giving crypto businesses a reason to relocate to other states.
U.S. SEC Chair Paul Atkins stated that the agency is reforming the regulatory framework for public companies to make IPOs more accessible to ordinary investors.
Saudi Al Arabiya TV published the terms of a 14-point U.S.-Iran memorandum of understanding, providing more detail than the Iranian version. Key contents include: an immediate and permanent end to war on all fronts; respect for sovereignty and territorial integrity; negotiation of a final agreement within 60 days; U.S. lifting of maritime blockades and withdrawal of troops; Iran resuming commercial shipping; the U.S. providing at least $300 billion in reconstruction funds; termination of all sanctions against Iran; Iran reaffirming it will not develop nuclear weapons; maintaining the status quo of its nuclear program; exemption for Iranian crude oil exports; release of frozen funds; establishment of an implementation monitoring mechanism; and the final agreement to be approved by a UN Security Council resolution.
Project Updates
Binance: Participation threshold for RE's Pre-TGE Prime Sale is 255 points
Binance announced that users holding 255 or more Binance Alpha Points can participate in the Re (RE) Pre-TGE Prime Sale event through the Alpha event page, with participation consuming 15 points. The subscription period is from 20:00 to 22:00 on June 17, 2026.
Binance Wallet launches Web3 API, opening up Binance's Web3 infrastructure capabilities
Binance Wallet has launched a Web3 API, helping developers, institutions, and professional users programmatically access on-chain market data, obtain Swap quotes, and initiate on-chain transactions. Core features include a Market Data API, a Trading API (aggregating quotes from multiple service providers with built-in MEV protection), multi-chain support, and optimal path finding.
Binance Wallet's 8th Prime Sale Pre-TGE to launch Re (RE)
Binance Wallet's 8th Prime Sale Pre-TGE will launch Re (RE), with the subscription period from 20:00 to 22:00 on June 17, 2026. Eligible users must use Binance Alpha Points to participate.
Base, the Layer 2 network under Coinbase, will activate the Beryl hard fork upgrade on its mainnet on June 26, introducing the B20 native token standard. This upgrade shortens the single-proof withdrawal finalization period from 7 days to 5 days and upgrades Reth V2 (reducing disk usage by 50% and increasing throughput by 33%). B20 is an ERC-20 compatible token implemented via Rust precompiles, designed for stablecoin, RWA, and long-tail token issuers, with a built-in compliance toolkit. The testnet will activate on June 19.
Ethereum's Glamsterdam upgrade enters final development phase, expected to launch on mainnet in H2
Ethereum's Glamsterdam upgrade has entered its final development phase and is expected to launch on the mainnet in the second half of the year, described as "the largest upgrade since the Merge." Key features include EIP-7732 (enshrined proposer-builder separation) and EIP-7928 (block-level access lists), along with a series of gas repricing adjustments that make high-computation operations cheaper while increasing state management costs.
Binance Alpha to launch o1 exchange (O) trading at 22:00 today, airdrop threshold is 225 points
Binance Alpha will open trading for o1 exchange (O) at 22:00 on June 17, 2026. Users with at least 225 Binance Alpha Points can claim an airdrop of 200 O tokens on a first-come, first-served basis, with the claim consuming 15 points. The points threshold will automatically decrease by 5 points every 5 minutes, and users must confirm their claim within 24 hours.
Alex Gluchowski, CEO of zkSync developer Matter Labs, disclosed that the company has conducted layoffs. He stated that after beginning to build products for regulated financial institutions in 2024, the company has now fully pivoted to focus on Prividium and institutional on-chain privacy infrastructure business. The layoff decision was made due to changing skill requirements, and departing employees have received financial support.
Kalshi's perpetual contracts have surpassed $5.5 billion in trading volume two weeks after launch, and the platform is seeking to expand beyond digital assets. Currently offering perpetual contracts for 11 crypto tokens, the co-founder stated they are in discussions with regulators to add more contracts, with a long-term goal of expanding to other asset classes. The World Cup and NBA Finals drove Kalshi's daily trading volume to exceed $1 billion for three consecutive days.
Coinbase to launch 1:1 tokenized U.S. stocks, holders to receive dividends
Coinbase announced it will launch 1:1 backed tokenized U.S. stocks, allowing users to buy, trade, and hold them while automatically receiving dividends, and they are not derivatives or IOUs. More details will be released Tuesday afternoon. This move comes as U.S. regulators and lawmakers discuss rules for tokenized stock trading.
RetoSwap: Haveno protocol under attack, has upgraded minimum client version and suspended trading
RetoSwap disclosed that the Haveno protocol is under attack. The team has set the minimum client version to 2.0.0, suspended trading, and banned the attacker's address. The vulnerability is at the Haveno protocol level, with losses limited to large crypto asset pending orders; fiat traders were not affected. Trading will resume after the protocol is fixed. Previously in May, RetoSwap lost approximately $2.7 million due to a Haveno vulnerability.
Coinbase released a "System Update," launching an SEC-registered AI investment advisor, a global unified liquidity pool, options trading, and more, creating an all-in-one platform. For consumer payments, the Coinbase One Card adds 5% Bitcoin cashback; for investment services, the AI advisor provides personalized strategies; for infrastructure, a unified regulated global liquidity pool is established; for trading products, it supports stock transfers, pre-IPO trading, token launch platform integration, and adds crypto binary options to prediction markets.
Humanity Discloses $H Hack Remediation Plan: Old Chain Tokens Delisted and New Tokens Airdropped 1:1
Humanity has announced its recovery plan for the $H hack incident. The original $H tokens on Ethereum, BSC, and Humanity Mainnet have all been delisted, and a new ERC-20 contract has been deployed on Ethereum. New $H tokens will be airdropped 1:1 to eligible addresses based on snapshot balances taken before the attack. Addresses associated with North Korean attackers are excluded, and users in complex scenarios can file claims through the official compensation fund and KYC process. Humanity Mainnet will subsequently restart using the new $H as its gas token.
Funding & Investment News
MANTRA Acquired by Strategic Investor Inveniam, Betting on RWA and AI Data Integration
MANTRA, a public blockchain focused on RWA asset tokenization, will be fully acquired by its strategic investor Inveniam Capital Partners, with the deal expected to close in Q3. Inveniam had previously invested $20 million before MANTRA's restructuring in 2025. MANTRA holds a Dubai VASP license, and the two parties previously co-built the Layer 2 network NVNM Chain, positioned for identity and permission management of autonomous AI agents in compliant scenarios.
Opinions & Analysis
A CryptoQuant analyst stated that Bitcoin is experiencing its second wave of panic selling this year, but the intensity is far weaker than in February. The current 30-day average profit/loss ratio has dropped to about 0.28, with peak realized losses of approximately $1.4 billion, only half of February's figure, indicating fewer sellers are willing to cut losses and exit. If the 30-day moving average of the profit/loss ratio turns upward, it would be the first positive signal of seller exhaustion.
Bitcoin's Sharpe ratio has fallen to -20, comparable to historical cycle bottom levels, though such levels are typically accompanied by months of basing. Accumulation wallets absorbed approximately 125,000 BTC in the first half of June, exchange reserves have decreased by about 80,000 BTC since February to roughly 2.71 million BTC, and whales withdrew over 11,000 BTC in the past day. Bitcoin's rebound was primarily driven by the US-Iran agreement, with the Federal Reserve's interest rate decision being the next test.
CZ: Hyperliquid's Innovation Is Outstanding, Difficult for Binance to Compete in Its Niche
Binance founder Changpeng Zhao stated that Hyperliquid's innovation is outstanding and occupies a niche market that Binance cannot compete in. He pointed out that Hyperliquid has no KYC and claims to be decentralized, but based on his own experience, he would not adopt the same approach, and speculated that the other party has a professional legal team supporting them.
VanEck: Bitcoin Miners Face a $50 Billion Funding Gap in Transition to AI
A VanEck report states that Bitcoin miners face a short-term funding gap of approximately $50 billion for transitioning to AI infrastructure, with long-term capital needs around $221 billion. The industry has currently delivered only about 25% of leased AI capacity, and companies missing construction milestones face "structural downgrades" from investors. Companies with signed AI leases have valuation multiples over 10 times their operational power capacity.
CryptoQuant's CEO stated that altcoins supported solely by narratives have died out. Altcoins that still hold value fall into three categories: global internet companies with a tokenized market layer (such as BNB, TON), DeFi services with real revenue (such as Hyperliquid), and projects aligned with broader financial trends (such as stablecoins, RWA, tokenized stocks). Investors should be selective.
Key Data
Andrew Tate Opens 57.36 BTC Long Position with 40x Leverage, Worth $3.76 Million
Crypto KOL Andrew Tate opened a 57.36 BTC long position with 40x leverage, worth $3.76 million, with a liquidation price of $65,215.87.
A Trader Opens 20x BTC Long and 23x ETH Long, Total Position Value $79.55 Million
Trader "0x50b" opened a 20x long position on 1,036.37 BTC and a 23x long position on 6,291 ETH, with a combined value of $79.55 million. This trader previously profited over $4 million from BTC and ETH long and short trades.
On-chain tokenized stock cumulative trading volume has surpassed $20 billion for the first time. Trading volume over the past 30 days reached $4.3 billion, a new monthly all-time high, with growth exceeding 140% year-to-date. Following the SpaceX IPO, 24-hour spot trading volume for tokenized stocks on Solana surpassed $100 million for the first time, with Solana once capturing 99% market share and Jupiter becoming the largest trading platform by volume.
Strategy's Bitcoin-collateralized preferred stock STRC closed at $91.79 on Tuesday, its third-lowest closing price since listing, down nearly 8% from par value. Contributing factors include pressure on Bitcoin prices, concerns over dividend coverage (with only about 7 months of payment capacity remaining), and intensifying competition, with Strive's SATA offering an annualized yield of approximately 13%, a premium of about $8.20 over STRC.
Whale "geministar.eth" Withdraws 11,100 ETH from Binance, Worth Approximately $19.94 Million
Whale "geministar.eth" withdrew 11,142 ETH ($19.94 million) from Binance. Over the past 3 days, this whale has cumulatively withdrawn 32,278 ETH ($57 million) and staked it.
Total liquidations across the network reached $474 million in the past 24 hours, with long liquidations at $243 million and short liquidations at $231 million. BTC liquidations totaled $109 million, and ETH liquidations totaled $139 million.
A wallet associated with Arthur Hayes received another 1,400 ETH ($2.51 million) from FalconX and currently holds 4,400 ETH ($7.89 million).
Whale Garret Jin Sells Off 184,000 HYPE, Profits $2.83 Million
Whale Garret Jin sold off 184,000 HYPE at $73.58, receiving 13.54 million USDC and profiting $2.83 million. He still holds a 5x BTC long position (with an unrealized loss of $13.2 million) and a 2x ZEC long position (with an unrealized profit of $3.29 million).
SpaceX Market Cap Surpasses Microsoft, Becoming the World's Fourth-Largest Company
SpaceX's latest market valuation has surpassed Microsoft, making it the world's fourth-largest company by market cap.
Pump.fun Trading Activity Plummets 80% in Three Months, Solana Network Fees Decline Accordingly
Activity on Pump.fun, the meme coin launch platform on Solana, continues to deteriorate, with the 7-day average token graduation rate dropping to 0.26%, an 80% decline over three months. Average daily revenue in June was approximately $800,000, far below the $4.8 million seen six months ago. The PUMP token has fallen 40% over the past six months. Solana's average daily network fees have dropped to 5,300 SOL, far below the 33,000 SOL in January.
Suspected Bitmine Wallet Receives 20,000 ETH from FalconX, Worth Approximately $35.86 Million
A newly created wallet received 20,000 ETH ($35.86 million) from FalconX, possibly belonging to Bitmine.
