Today's news tips:
1. Next week's macro outlook: The Israeli-Iranian missile war is fully escalating, and the "wartime market" of gold and crude oil may wipe out all shorts
2. Brazil plans to impose a unified tax rate of 17.5% on cryptocurrency profits
3. The proposal to dissolve ApeCoin DAO AIP-596 officially starts voting, and the deadline is June 26
4. Binance Alpha launches SynFutures (F)
5. Byreal, the on-chain DEX project incubated by Bybit, will be launched on the testnet on June 30
6.Coinbase Institutional: Corporate leveraged purchases of cryptocurrencies may cause systemic risks
7. Trader AguilaTrades went long on BTC again this morning, and his current position is worth about $200 million
8. In the past 7 days, NFT transaction volume increased by 37.1% month-on-month, of which Immutable network transaction volume increased by more than 150%
Regulatory/Macro
The conflict between Israel and Iran suddenly escalated on Friday. At the close of the day, commodities were the first to bear the brunt of the pressure brought by the ongoing conflict. U.S. oil climbed about 6%, and the cumulative increase this week was more than 10%. Spot gold rose by nearly $50, firmly standing above the $3,400 mark, and rose by more than 3.7% this week. In the coming week, many central banks including the United States, Britain and Japan will hold policy meetings, and the conflict between Israel and Iran will continue to escalate this week. The following are the key points that the market will focus on in the new week:
At 20:30 on Monday, the New York Fed manufacturing index for June will be released;
On Tuesday, the Bank of Japan announced its interest rate decision;
At 20:30 on Wednesday, the number of initial jobless claims in the United States for the week ending June 14;
At 02:00 on Thursday, the Federal Reserve FOMC will announce its interest rate decision and a summary of economic expectations;
At 02:30 on Thursday, Federal Reserve Chairman Powell held a monetary policy press conference.
Next Tuesday, monthly U.S. retail sales data will be in focus. Investors will want to see whether tariffs have led to higher prices, weighing on consumer spending. With a 90-day pause in a series of Trump tariffs set to end on July 8, trade developments are likely to continue to unsettle markets.
Brazil proposes to impose a uniform tax rate of 17.5% on cryptocurrency profits
Brazil has abolished its long-standing tax exemption policy for cryptocurrency gains. According to the interim decree (Decree No. 1303), a uniform tax rate of 17.5% will be imposed on personal cryptocurrency profits. It is reported that this tax rate applies to all cryptocurrency holders, which means that small investors will face higher taxes, while large investors may face a lower tax burden. Previously, individuals in Brazil did not have to pay taxes on the sale of cryptocurrencies not exceeding 35,000 reais (about US$6,300) per month.
Report: Russia uses Bitcoin to fund teens for espionage and sabotage
Russian intelligence has been using Bitcoin to pay untrained teenage spies, according to an investigation by Reuters in partnership with blockchain analytics firms Global Ledger and Recoveris. A Reuters report details the recent case of Canadian citizen Laken Pavan, who was sentenced to 20 months in prison in Poland in December after admitting to assisting Russian intelligence. Recoveris said Russia's Federal Security Service (FSB) and military intelligence agency (GRU) have repeatedly used cryptocurrencies to fund young people in Poland to carry out surveillance, graffiti and arson, with some of the funds used to hire mercenaries in the Donbas region and bribe European politicians.
"The advantage of using Bitcoin or cryptocurrencies to pay agents or assets is that any amount of cryptocurrency (even millions of dollars) can be transferred instantly around the world without any government barriers, except for the gateway from cryptocurrency to fiat currency," said the Russian intelligence agencies. In addition, they can also take advantage of the transparency brought by cryptocurrencies. "Handlers and senior intelligence officials can monitor the flow of cryptocurrencies." "Any expenditure by agents can be audited to ensure that it is used for operational purposes." Given the continued sanctions restrictions, such crypto payments are expected to continue, and transparency allows Russia to monitor the use of funds.
Viewpoint
As traders weighed geopolitical impacts and tariff uncertainty, Bitcoin fell below $104,200 overnight, but then rebounded on high volume and quickly stabilized. It is currently hovering around $105,100, down 0.22% in the past 24 hours as traders have largely digested geopolitical tensions. Traders seem to be inclined to be bullish in the medium term, because despite intraday volatility, Bitcoin still maintains a pattern of higher lows. Profit-taking around $106,000 has limited the upward momentum, but the support level around $105,000 continues to attract bargain hunting. Market participants are closely watching this range, especially as safe-haven demand and risk sentiment remain intertwined.
Coinbase Institutional: Corporate leveraged purchases of cryptocurrencies may cause systemic risks
Coinbase Institutional said that corporate leveraged purchases of cryptocurrencies may bring systemic risks, but the short-term impact of this risk seems to be limited. At the same time, supported by factors such as improved US economic growth expectations, possible interest rate cuts by the Federal Reserve, increased corporate financial adoption, and clearer supervision, the cryptocurrency market will usher in constructive development in the second half of 2025. It is reported that more and more listed companies are beginning to adopt Bitcoin-backed balance sheets. Currently, a total of 228 companies have reported cryptocurrency holdings under the new rules of the US Financial Accounting Standards Board.
CZ: I don’t own 90% of Binance shares
CZ posted a post on the X platform to clarify the post by a community user: I do not own 90% of Binance shares, and I did not graduate from McGill University. I dropped out of school in my senior year to continue working, and finally got a degree from a distance education college just to make it easier to get a work visa.
In response to the community's comments that "Hyperliquid is the most important asset of the past decade, TradFi is beginning to understand its value, and the market has a high demand for crypto projects that can make money but the supply is scarce." Chain Detective ZachXBT replied that the Hyperliquid ecosystem urgently needs to fund the construction of more complete analysis and compliance integration tools to prevent major security incidents. Due to the lack of appropriate tools in Core and EVM, it has become extremely difficult to track the theft of personal assets. Then he listed tools such as Etherscan, Arkham, Dune, TRM, and Chainalysis.
Analyst Darkfost believes that when the US dollar index and Treasury yields rise at the same time, capital tends to flee risky assets, and Bitcoin usually experiences a pullback in this environment. Historically, bear markets in cryptocurrencies tend to coincide with strong upward trends in Treasury yields and the US dollar index. Conversely, when the US dollar index and Treasury yields lose momentum, investor preferences shift to risky assets. These periods are often associated with monetary easing or expectations of a Fed rate cut, fueling bullish sentiment in the cryptocurrency market.
What is striking in the current cycle is the unusual decoupling between Bitcoin and Treasury yields. Despite Treasury yields reaching their highest levels in Bitcoin's history, Bitcoin continues to trend upward, and typically accelerates when the US dollar index falls. This anomaly indicates a structural shift in Bitcoin's role in the macro landscape. The reason is that Bitcoin is increasingly viewed as a store of value. This new narrative may be redefining how Bitcoin responds to traditional macro forces.
Project News
Yuga Labs co-founder Garga.eth announced on the X platform that the proposal AIP-596 to dissolve ApeCoin DAO has officially started voting, aiming to further promote the reform of the ApeCoin ecosystem and orderly transfer assets and responsibilities to the new entity ApeCo established by Yuga Labs. It is reported that the new entity team will be composed of Cameron Kates, the current executive director of the Ape Foundation, and other foundation members and Banana Bill team members.
Garga.eth reminded that this AIP requires a large number of votes to pass. It is estimated that 3.5% of all circulating tokens will be required to participate in the vote and an absolute majority of 66% will be required to approve it. According to the voting information, the vote will end on June 26, and the current approval rate is 99.19%.
According to the official announcement, Binance will adjust the collateral ratio of some assets in the unified account at 14:00 (ET on June 20, 2025) , and this update will be completed in about 30 minutes . Binance Futures will update the leverage and margin tiers of BTCUSDT U-margin perpetual contracts at 14:30 (ET on June 17, 2025) and other U-margin perpetual contracts at 14:30 (ET on June 20, 2025) , as shown in the table below. This update will be completed in about an hour.
Byreal, the on-chain DEX project incubated by Bybit, will be launched on the testnet on June 30
According to the official announcement, Byreal, the first on-chain DEX project incubated by Bybit, will be launched at the end of this month. Born in the Solana ecosystem, Byreal aims to unify decentralized liquidity by combining CEX-level liquidity with DeFi native transparency. Byreal adopts RFQ + CLMM routing design to provide low-slippage, MEV-protected Swap exchange transactions. The Byreal testnet will be launched on June 30, and the mainnet will be launched in the third quarter of 2025.
SynFutures (F) listed on Binance Alpha
According to the official announcement, Binance Alpha is now available on SynFutures (F). Eligible Binance users with at least 241 Binance Alpha points can claim an airdrop of 5,000 F tokens on the Alpha event page starting at 16:00 on June 15th. Claiming the F airdrop will consume 15 Binance Alpha points. Users need to complete the claim within 24 hours after the claim is opened, otherwise it will be deemed to have given up the claim.
Important data
A pre-mined address containing 2,000 ETH was activated after being dormant for nearly 10 years
According to Whale Alert, a dormant pre-mined address containing 2,000 ETH ($5,063,918) has just been activated after 9.9 years of dormancy (these ETH were worth only $620 in 2015).
CryptoSlam data shows that the NFT market has experienced a strong rebound in the past week, with transaction volume jumping 37.10% to $144.8 million. Market participation has increased significantly, with the number of NFT buyers increasing by 50.56% to 1,061,348, the number of NFT sellers increasing by 8.09% to 38,494, and the number of NFT transactions also increasing by 7.88% to 1,749,437.
The Immutable network ranked first with a transaction volume of US$41.7 million, a surge of 156.01% from the previous week; the Ethereum network transaction volume was US$31.5 million, falling to second place, up 6.69% month-on-month; the Bitcoin network increased by 22.55% month-on-month, with a transaction volume of US$19.4 million; the Polygon network increased by 32.91% month-on-month, with a transaction volume of US$18.5 million; the Mythos Chain network transaction volume was approximately US$14.1 million.
All major blockchains saw an increase in the number of buyers, led by Polygon with a 35.63% increase, followed by Solana with a 27.41% increase, and Bitcoin with a 23.22% increase.
This week's top deals include:
- CryptoPunks #1831 sold for 150 ETH ($389,846)
- CryptoPunks #9778 sold for 150 ETH ($377,958)
- CryptoPunks #4868 sold for 76.5 ETH ($201,933)
- CryptoPunks #5586 sold for 70.07 ETH ($185,292)
- CryptoPunks #7516 sold for 60 ETH ($158,378)
According to on-chain analyst Yu Jin’s monitoring, trader AguilaTrades went long on BTC again this morning and has now opened a long position of BTC worth $200 million. His positions are: 20x leveraged long orders, 1,894 BTC, positions worth about $200 million, opening price of $104,976, liquidation price of $97,265, and current floating profit of about $910,000. The trader opened a long position of BTC on June 9 and closed it on June 13, with a loss of $12.48 million.
