CSOP 2x Long SK Hynix ETF closed up 16.55% today, surging over 10x year-to-date
Market data shows that the CSOP SK Hynix Daily (2x) Leveraged Product (7709.HK), managed by CSOP Asset Management, continued its strong performance today, closing up 16.55% in the secondary market. Benefiting from the sustained rise in SK Hynix's stock price, the ETF's cumulative year-to-date gain has exceeded 10x. Note that leveraged ETFs rebalance daily, making them more suitable for short-term trading and not advisable for long-term holding.
Coinbase to list Anthropic and OpenAI pre-IPO perpetual contracts today at 19:00 Beijing time
Coinbase Markets announced it will list Anthropic and OpenAI pre-IPO perpetual contracts, with contract codes ANTHROPIC-PERP and OPENAI-PERP respectively. According to the official announcement, the pre-IPO perpetual contract markets for both will open for trading on Coinbase at or after 11:00 UTC on June 22, 2026 (19:00 Beijing time).
ZachXBT: Hashflare scam-linked address moves $18.5 million in ETH after 3.5 years of dormancy
A wallet associated with the $575 million HashFlare investment scam transferred out 10,600 ETH, worth approximately $18.5 million, about 3 hours ago after being dormant for 3.5 years. The funds were subsequently moved from Ethereum to Bitcoin via HiFiSwap and Near Protocol's Intents feature, and began using instant swap services for money laundering. Previously, Hashflare co-founders Sergei Potapenko and Ivan Turõgin pleaded guilty in 2025 and forfeited $450 million in assets to the U.S. government.
Crypto trading app Fomo completes $75 million Series B led by Index Ventures
Crypto trading app Fomo has completed a $75 million Series B funding round led by Index Ventures, with participation from Union Square Ventures, at a post-money valuation of approximately $550 million. Other investors include Zygna co-founder Mark Pincus, Discord CEO Humam Sakhnini, Eventbrite co-founder Kevin Hartz, and others. Founded by former dYdX employees Paul Erlanger, Se Yong Park, and Prashan Dharmasena, Fomo is positioned as a non-custodial app simplifying on-chain trading, currently supporting crypto assets and perpetual contracts. It claims to offer more assets than Coinbase, is globally available, adds around 3,500 new users daily, and plans to use the new funds to expand its team and pursue potential acquisition opportunities.
Former Federal Reserve Chairman Alan Greenspan dies at 100
Former U.S. Federal Reserve Chairman Alan Greenspan has passed away at the age of 100. Greenspan served as Fed Chair from 1987 to 2006, spanning the presidencies of Ronald Reagan through George W. Bush. He was regarded as one of the most influential central bank officials globally, having led responses to the 1987 stock market crash, the dot-com bubble, and multiple financial shocks. His monetary policy philosophy profoundly influenced global financial markets.
Coinbase to launch Arcium (ARX) spot trading
Coinbase Markets announced that spot trading for Arcium (ARX) will launch on June 22. The ARX-USD trading pair will open later that day in supported regions, provided liquidity conditions are met. Arcium is an SPL token within the Solana ecosystem.
ICE and OKX form cryptocurrency joint venture OKXICE
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has partnered with crypto platform OKX, with each holding a 50% stake, to jointly establish the cryptocurrency joint venture OKXICE.
Strategy added 520 Bitcoin last week and injected $300 million into its dollar reserves
Over the past week (June 15 to 21), Strategy issued 2.7148 million MSTR shares, raising net proceeds of approximately $335.5 million, which were used to purchase 520 Bitcoin at a total cost of approximately $34.9 million, with an average purchase price of approximately $67,100 per coin. As of June 21, the company holds a total of approximately 847,363 Bitcoin, with a cumulative purchase cost of approximately $64.1 billion and an average purchase price of approximately $75,700 per coin. Meanwhile, the company added approximately $300 million to its dollar reserves, bringing the total to approximately $1.4 billion.
Strive adds 759 Bitcoin, raising total holdings to 19,864 BTC
The company has purchased an additional 759 Bitcoin, with a total value of approximately $50 million and an average purchase cost of approximately $65,850 per coin. Following this increase, Strive's total Bitcoin holdings rose to 19,864 BTC, valued at approximately $1.254 billion based on the closing price on June 18.
Bitmine added 52,203 ETH over the past week, total holdings rise to 5.67 million ETH
As of June 21, 2026, the company holds 5,672,956 Ethereum, accounting for approximately 4.7% of the total ETH supply. Over the past week, BitMine added 52,203 ETH, continuing to advance its "5% ETH reserve" strategy. The total value of its crypto assets, cash, and other investments is currently approximately $10.7 billion, of which over 4.719 million ETH have been staked, accounting for more than 83% of total holdings, with an estimated annualized staking yield of approximately $223 million, further solidifying its position as the world's largest corporate ETH reserve holder.
MoonPay acquires AI bookkeeping startup Entendre
MoonPay has acquired Entendre, an AI accounting startup serving businesses that use stablecoins and other digital assets, for an undisclosed amount. Entendre provides automated bookkeeping and financial compliance tools for crypto and stablecoin businesses.
SpaceX drops over 5% in early trading, marking the third consecutive day of declines
SpaceX (SPCX.O) fell over 5% in early trading, marking its third consecutive day of declines. It is currently trading at approximately $175 per share.
Micron Technology shares surge over 6%, total market cap reaches $1.36 trillion
Micron Technology shares opened higher and rose over 6%, trading at $1,203.66 per share, with a total market cap of $1.36 trillion, continuing to set new record highs.
Cross-chain aggregation protocol LI.FI lists tokenized U.S. stock products provided by Ondo Finance
Cross-chain aggregation protocol LI.FI announced the listing of tokenized U.S. stock products provided by Ondo Finance, allowing users to access multiple tokenized stocks including SpaceX, NVIDIA, Tesla, and hundreds of other underlying assets through its distribution network.
Google invests approximately $75 million in A24, partners to explore AI film production
Google, under parent company Alphabet, will invest approximately $75 million in independent film studio A24 and establish a new artificial intelligence research partnership. A24's recent productions include "Backrooms" and "Marty Supreme." This marks Google's first direct equity investment in a film studio, having previously participated in the online entertainment space primarily through YouTube.
Nasdaq falls 1%, SpaceX drops over 10%
U.S. stocks extended their decline, with the Nasdaq falling 1.00%. U.S. space stocks fell sharply, with Planet Labs down 4.7%, Satellogic down 9.2%, Redwire down 10.9%, SpaceX down over 10%, Rocket Lab down 9.4%, and Intuitive Machines shares down 9.3%.
CNBC: SpaceX signs computing power deal worth up to $6.3 billion with U.S. AI firm Reflection
According to CNBC: SpaceX (SPCX.O) has signed a computing power agreement with U.S. AI startup Reflection, with the transaction value reaching up to $6.3 billion.
Anchorage launches tokenized bank deposit infrastructure platform
Federally chartered crypto bank Anchorage Digital has launched a new platform to help commercial banks issue and manage on-chain tokenized deposits without replacing their core systems, enabling 24/7 payments and settlement. The product generates tokenized representations of customer deposits on the blockchain, while the underlying funds remain in the bank's traditional deposit accounts. Anchorage provides the on-chain infrastructure, wallet management, and smart contract technology, while banks retain customer relationships and fund custody.
JaredFromSubway attacker moves 2,000 ETH through Tornado Cash and sells 1,422 ETH
The attacker of MEV bot "JaredFromSubway" moved 2,000 ETH ($3.44 million) through Tornado Cash and sold 1,422 ETH for 2.446 million DAI, currently leaving only 5 ETH ($8,630).
On-chain trading platform TurboFlow completes $6 million seed round led by Pantera Capital
TurboFlow, an on-chain trading platform offering prediction markets and perpetual contracts, has completed a $6 million seed funding round led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. The round was completed in March, structured as a Simple Agreement for Future Equity with token warrants. Headquartered in Hong Kong, TurboFlow aims to become the "Kalshi of the Asia-Pacific region." TurboFlow seeks to fill the gap for prediction markets in Asia through localization and regional presence. The platform has been operating in beta for over six months, with over 15,000 registered users and cumulative trading volume exceeding $19 billion. TurboFlow currently has over 30 employees, with its core team in Hong Kong, and plans to maintain lean operations. Regarding regulation, founder Tony He stated that the company is actively building a compliance framework.
U.S. Senate passes housing bill containing a four-year Fed CBDC ban
The U.S. Senate passed a housing bill by a vote of 85 to 5, which includes a four-year ban on Federal Reserve central bank digital currencies. The ban will last until the end of 2030, prohibiting the Federal Reserve System or its subordinate banks from issuing or creating a CBDC or any digital asset substantially similar to one. Although the Fed is not actively pursuing a CBDC project, Republican lawmakers view CBDCs as a dangerous form of excessive government surveillance and insisted on including the ban in the housing bill. New Fed Chair Kevin Warsh called CBDCs "bad policy choices" during his nomination hearing. Trump signed an executive order in January 2025 prohibiting any actions to advance a CBDC. If passed by the House and signed by the President, the ban will become law.
Former Ethereum Foundation Researchers Launch Ethlabs, Backed by Joe Lubin, Bitmine, and SharpLink
Former Ethereum Foundation researchers have established Ethlabs, an independent non-profit organization, with support from Bitmine, SharpLink, Ethereum co-founder Joe Lubin, and ecosystem participants including Anchorage, Octant, and SNZ. The initiative aims to prepare Ethereum for the next phase of institutional adoption. The five co-founders—Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma—have led major network upgrades over the past decade. Ethlabs' early work will focus on the requirements for large-scale institutional on-chain adoption: faster settlement speeds, native issuance, cross-chain transactions built on robust infrastructure, mainnet capacity, and research laying the groundwork for ETH's monetary properties.
RBCH, the largest external shareholder of Solana digital asset treasury company Solmate Infrastructure, has sued the company's current executives and directors, accusing them of breaching fiduciary duties and engaging in self-dealing. RBCH, affiliated with RockawayX founder and CEO Viktor Fischer, holds approximately 22.74% of Solmate shares. Fischer stated that Solmate's share price trades at roughly a 50% discount to its net asset value due to mismanagement and board self-dealing. The lawsuit alleges the board conducted several questionable transactions: after completing a PIPE financing, the board entered into a 10-year strategic advisory agreement granting five insiders approximately 10.7% equity options and a 0.85% annual management fee, while simultaneously selling shares at over $33 to cash out more than $1.6 million, even as PIPE investors remained locked up. Furthermore, on May 21, directors Ron Sade and Keren Maimon exclusively purchased 2.298 million Class B shares at $4.97 per share (approximately 34% of NAV), diluting existing shareholders by about 20%. RBCH is asking the court to rescind that issuance, claw back improper compensation, and prevent the use of the new shares to vote at the June 26 shareholder meeting. Fischer also seeks to replace the board and management with independent experts.
Coinbase to Launch MRVL and EWY Perpetual Contracts Tonight
Coinbase announced that trading for Marvell Technology (MRVL) and iShares MSCI South Korea ETF (EWY) perpetual contracts will begin on or after 20:00 (UTC+8) on June 23, 2026. The official statement noted that MRVL-PERP and EWY-PERP markets will open for trading in regions where liquidity conditions are met and local regulations support it.
Options on 21Shares Hyperliquid ETF Now Available for Trading on Nasdaq
Options on the 21Shares Hyperliquid ETF (THYP) are now available for trading on Nasdaq, offering both monthly and weekly options. It is the only Hyperliquid ETF offering both options cycles simultaneously.
A Whale Opens 70,000 SPCX Long Positions with 20x Leverage, Worth Approximately $11 Million
As SPCX declined, a whale opened 70,000 SPCX long positions with 20x leverage, valued at approximately $11 million, with a liquidation price of $134.42.
Trump Signs Two Executive Orders to Accelerate Development of Advanced Quantum Computers
Trump signed two executive orders aimed at accelerating the development of advanced quantum computers and mitigating the security threats they pose. One executive order, signed on Monday, directs federal agencies including the Department of Energy to collaborate with the private sector and academia to deploy a quantum computer capable of scientific research by 2028. Such a goal is considered a key indicator of demonstrating the technology's real-world applicability. Quantum computers can solve problems far faster than traditional supercomputers, making them an increasingly important area of focus for nations globally. The second executive order signed by Trump requires government agencies and security experts to prepare for quantum systems—which may break standard encryption sooner than expected. The goal is to strengthen government and private sector security systems to prevent advanced quantum hacking attacks from destroying critical infrastructure.
Strive Executive: Digital Credit Sell-Off Was a Liquidation Event, Not a Credit Crisis
Strive Chief Risk Officer Jeff Walton stated that digital credit products (STRC and SATA) related to the Strategy Bitcoin ecosystem partially rebounded after a sharp sell-off last week, attributing the volatility to leveraged liquidations and heavy selling pressure rather than a deterioration in underlying credit quality. Walton noted that trading data showed holders selling the related instruments triggered liquidations typical of traditional financial markets. The event did not originate from DeFi protocols but represents normal volatility in the maturation process of a new asset class. Regarding liquidity, STRC's trading volume on Thursday was approximately $950 million, and SATA's was about $150 million, far exceeding the roughly $77 million for BlackRock's Preferred Securities ETF (PFF) over the same period, demonstrating the market's strong capacity to absorb large trading volumes, which is crucial for attracting institutional investors. Walton believes the opportunity in digital credit markets far exceeds current perceptions, potentially covering the roughly $300 trillion credit market. He emphasized that STRC and SATA are credit instruments, not stablecoins, and that Strategy's current leverage ratio is about 10%, significantly better than the approximately 130% level during the 2022 bear market, with prices expected to return to the $100 target level. Recent volatility will not undermine the product's long-term thesis.
Two Whales Collectively Long 2,754 BTC Today, Worth $175 Million
Two whales coincidentally went long on BTC today, opening positions worth a combined $175 million. Address 0x50b...f20 went long 1,654 BTC ($105 million) at an entry price of $64,130, currently showing an unrealized loss of $500,000, with a liquidation price of $59,076. Address 0x7c4...00b went long 1,100 BTC ($70.2 million) at an entry price of $64,508, currently showing an unrealized loss of $750,000, with a liquidation price of $61,723.
U.S. CFTC Seeks Public Comment on 24/7 Trading for Standard Futures and Energy Perpetual Contracts
The U.S. Commodity Futures Trading Commission (CFTC) is formally seeking public comment on two developments related to energy derivatives markets: extending standard futures contracts to 24-hour, 7-day-a-week trading, and the possibility of listing perpetual contracts based on physically deliverable or storable energy commodities (such as crude oil). CFTC Chairman Michael S. Selig stated that the move aims to gather a clear, data-driven record to better understand the implications of these developments, supporting responsible innovation while maintaining market protections against manipulation and disruption. The comment solicitation is divided into two parts: one concerning extending standard futures contracts to 24/7 trading while retaining fixed expiration dates, and the other concerning perpetual contracts involving physically deliverable energy commodities. Comments must be submitted within 30 days of publication in the Federal Register.
CZ: AI Boom Brings Traffic to Crypto Market, Blockchain is the Best Partner for AI Payments
According to a post and video shared by crypto KOL @four_xyg, Binance founder Changpeng Zhao stated in an in-depth conversation that cryptocurrency cannot disappear, and the future of the crypto industry is a super major track; his conviction has not wavered but has grown stronger. Despite price fluctuations, the industry's expansion trend is irreversible. Zhao pointed out that the AI boom is bringing more traffic and trading volume to the crypto market. Traditional payment systems cannot meet the needs of autonomous AI transactions, while blockchain's API-driven nature makes it an excellent partner for AI financial transactions. In the coming months, features like autonomous AI trading and automatic payments will emerge and deeply integrate with cryptocurrency. Zhao believes the internet, blockchain, and AI are symbiotic technology giants; the rise of AI will not overshadow blockchain, and funds flowing into AI will eventually flow back into the blockchain sector.
On June 23, SpaceX closed down 16.43%, falling below its IPO first-day closing price, with its market cap evaporating nearly $400 billion in a single day, marking the second-largest single-day market cap loss for a global company on record. This marks three consecutive trading days of decline for SpaceX since its listing, with a cumulative drop of over 23% and a market cap loss exceeding $600 billion. However, as of the close on the 23rd, the stock was still 14.5% above its $135 IPO offering price, with a market cap of $2.03 trillion.
a16z-Backed Decentralized Credit Protocol Goldfinch Announces Gradual Wind-Down
The a16z-backed decentralized credit protocol Goldfinch has announced it will gradually wind down. Last Friday, pseudonymous investor Edward Morra publicly accused the protocol of mismanagement, leading to over $50 million in user fund losses, stating that borrower defaults and failed loan restructurings made it nearly impossible for depositors to recover funds. Just one day after the post, the project announced it would enter a gradual wind-down phase. The protocol's native token GFI has fallen from a peak of $32.94 in January 2022 to below $0.07, a decline of 99.8%, with its market cap dropping from over $390 million to less than $6 million. Goldfinch was founded in 2021 by former Coinbase employees, aiming to connect crypto capital with credit enterprises overlooked by traditional banks. a16z led its $25 million funding round in January 2022. Problems began to surface within months of the financing: Kenyan motorcycle financing company Tugende Kenya defaulted; two underlying positions in the $2 billion loan portfolio of U.S. credit fund Stratos nearly went to zero; and Singapore-based borrower Lend East could only repay 58% of principal. As the loan portfolio deteriorated, the protocol pivoted to institutional credit funds but ultimately could not reverse the situation.
A Whale Opens 1,100 BTC Long Position with 40x Leverage, Worth Approximately $70.54 Million
Another whale opened a 1,100 BTC long position ($70.54 million) with 40x leverage, with a liquidation price of $61,724.22.
The U.S. House Financial Services Committee will hold a hearing on July 14 regarding the Federal Reserve's semi-annual monetary policy report. The committee will also hold a hearing in New York on July 17, focusing on the potential impact of the Clarity Act on digital assets and financial innovation.
A Whale Opens Long Positions for 225,000 SOL and 4,723 ETH, Worth a Combined $24.34 Million
A whale opened long positions worth a combined $24.34 million: a 20x long position for 225,000 SOL and a 25x long position for 4,723 ETH.
Bitmine announced on X platform that it has met the eligibility criteria for inclusion in the Russell 1000 Index. The final updated list was published on June 18, with the reconstituted index taking effect on June 26. Bitmine noted that many active fund managers invest only in Russell 1000 constituents, and passive index funds and ETFs are expected to hold 20% to 25% of the market cap of included stocks.
Grayscale: Bitcoin Could Rally if Fed Pauses Rate Hikes
Grayscale Head of Research Zach Pandl stated that since the outbreak of the Iran war in late February, U.S. stocks have risen 9%, Bitcoin has fallen 1%, and gold has dropped 20%. AI spending has supported stock market performance, while Bitcoin and gold have lagged partly due to market expectations that the Fed may raise interest rates to curb inflation. Fed rate expectations have risen by about 60 basis points over the past year, with about half of Fed officials believing a rate hike could be appropriate in 2026, and the European Central Bank has already hiked first. As non-interest-bearing monetary assets, gold and Bitcoin compete with fiat currencies; rising rates increase the opportunity cost of holding Bitcoin and gold, thus dampening demand. However, Grayscale believes the Fed will not hike rates. If this judgment is correct, Bitcoin's price could catch up with stock market performance. Zach Pandl stated that Bitcoin serves two functions in a portfolio: as a long-term store of value as a scarce digital commodity, and as exposure to the long-term growth of the crypto industry via public blockchains. Its functions are similar, but not identical, to gold and growth stocks, and it can serve as a portfolio diversification tool, with its current price being attractive.
Ondo team multisig address transfers 150 million ONDO, worth $49.56 million
The Ondo team multisig transferred 150 million ONDO, worth $49.56 million, to address 0xEA5…675e1 eight hours ago. Since April 22, this address has cumulatively received 425 million ONDO ($147 million). The tokens received in the previous two instances were all deposited into Coinbase in batches, with unknown purpose.
Hong Kong SFC adds Aurum/Aurum Foundation to suspicious virtual asset trading platforms list
The Hong Kong Securities and Futures Commission (SFC) announced that it has added Aurum/Aurum Foundation to its list of suspicious virtual asset trading platforms. The SFC stated that the company claims to be registered in Hong Kong under the Companies Ordinance and offers virtual asset, futures contract, and derivatives trading services on relevant websites, but the company is not licensed by the SFC and is suspected of engaging in unlicensed activities.
a16z Crypto: The crypto industry enters the "Show Me" era — vision alone no longer enough to survive
Paul Cafiero, Communications Partner at a16z Crypto, posted on X stating that the crypto industry has entered the "Show Me" era, where vision and MVP (Minimum Viable Product) alone are no longer sufficient to earn external recognition. As traditional financial institutions truly enter the crypto space — BlackRock launching tokenized money market funds, Fidelity applying for crypto ETFs, JPMorgan settling transactions on its internal blockchain — industry standards have been permanently raised. The crypto industry has historically operated on a "vision as product" logic, but now the standard of proof has fundamentally changed: partnerships require actual deployments and partners willing to endorse them; data needs mainnet transaction volume, active users, revenue, and retention curves, not just testnet data; the clearest proof of product-market fit is not a launch announcement, but an organically growing community that existed before the launch. Paul Cafiero believes that today's narratives should be rooted in facts, not the other way around. In 2021, it could be 80% vision and 20% substance; now that ratio has flipped. If you have real users, real data, and real partners, higher standards will benefit the good builders in the industry.
