In the past hour, $216 million in futures positions were forcibly liquidated
Major exchanges forcibly liquidated futures positions worth $216 million in the past hour.
Over the past 24 hours, futures positions worth $413 million were forcibly liquidated.
Trump notifies 8 countries of additional tariffs... 50% imposed on Brazil
Donald Trump, through Truth Social, consecutively disclosed tariff letters sent to the leaders of 8 countries. These countries include Brazil, Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka. Trump announced a 50% tariff on Brazil, while Libya, Iraq, Algeria, and Sri Lanka will face 30%, Brunei and Moldova 25%, and the Philippines 20%. Trump has now sent tariff letters to a total of 22 countries.
US SEC officially receives modified Bitwise BTC, ETH spot ETF application
The US Securities and Exchange Commission (SEC) announced that it has received a modified application for a Bitwise BTC and ETH spot ETF.
Analysis: "Ethereum to reach all-time high due to narrative change"
An analysis suggests that Ethereum (ETH) could set a new all-time high as the macro situation changes significantly. According to Daily Hodl, an anonymous crypto analyst Pentoshi, with around 870,000 X followers, stated, "The narrative around Ethereum is changing. While most investors are skeptical, within a month, companies will buy enough to offset all ETH created after the merge. Currently, ETH is only 1/9th of BTC's market cap. It can move with much less capital. The capital flowing into ETH will create significant movement." Tom Lee, founder of US research firm Fundstrat, said, "Ethereum will revive due to increased stablecoin adoption. Stablecoins are being pushed by the US government, and importantly, Circle (USDC) operates on Ethereum. As stablecoins explode, Ethereum will also see a significant rebound."
Revolut pursuing $1 billion fundraising
Coindesk reported that London neobank Revolut is pursuing $1 billion fundraising at a $650 billion valuation. They plan to raise funds through new stock issuance and existing stock sales. Revolute currently provides cryptocurrency and crypto stock investment services and is preparing to launch a Lightning Network payment service for European users.
Greece freezes funds related to Bybit hack
Coindesk reported that Greek authorities have frozen funds related to the $1.5 billion Bybit hack. This is the first time Greece has issued a cryptocurrency freeze order. Currently, 5% of the ETH stolen from Bybit (approximately $72 million) has been frozen.
Coinbase lists SKY, USDS
Coinbase announced the listing of SKY and USDS.
Foreign media: "Circle enters revenue sharing agreement with Bybit"
Coindesk, citing sources, reported that USDC issuer Circle has entered a revenue sharing agreement with Bybit exchange. Circle already shares 50% of reserve revenue with Coinbase. Binance has also received a $60.25 million prepaid fee from Circle and receives monthly incentives based on USDC exchange balance. Sources suggest Circle has already entered revenue sharing agreements with multiple exchanges and likely has contracts with exchanges holding significant USDC amounts.
Justin Sun promises $100 million TRUMP purchase
TRON founder Justin Sun promised to purchase $100 million worth of TRUMP. He stated, "TRUMP and TRON are the future of cryptocurrency." Previously, Coinness reported that TRUMP would be launched on the TRON network.
FTSE Grayscale Crypto Sectors Index adds SXT
Space and Time (SXT) was added to the FTSE Grayscale Crypto Sectors Index during the quarterly rebalancing, included in the Utility and Services sector.
Trump Jr. purchases 350,000 shares of 'Thumzup Media' for crypto reserves
Bloomberg reported that Donald Trump Jr. purchased 350,000 shares of Thumzup Media through a $6 million private placement. Thumzup Media holds over $2 million in BTC and plans to purchase six additional cryptocurrencies.
ZK Space suspicious transaction of $4 million
Cyber Alert reported, "Discovered suspicious transactions of approximately $4 million related to ZKSpace. The official ZKSpace X account is currently suspended. About $1.3 million in USDT and USDC has been swapped to ETH and transferred to Tornado Cash. The remainder is distributed across two addresses."
GMX hacker transfers 2000 ETH to Arbitrum address
Peckshield reported that the GMX hacker transferred 2000 ETH to a new Arbitrum address and swapped 9 million USDC to 9 million Dai. Previously, GMX was hacked for approximately $40 million.
Swedish H100 purchases additional 47 BTC
Swedish healthtech company H100 purchased an additional 46.93 BTC. They currently hold 294.5 BTC. Previously, Coinness reported that H100 raised an additional $54 million through stock and convertible bond issuance.
XRP whales increase balance
Sentiment reported, "XRP surpassed $2.39 for the first time since May 23rd, reaching a 7-week high. The number and balance of whales holding at least 1 million XRP are increasing. The number of wallets holding over 1 million XRP is 2,742, down by 1 from the previous day's record of 2,743. These wallets hold a total of 47.32 billion XRP, showing confidence in the future."
Kraken's dollar exchange market share increases by 10 percentage points year-to-date
According to The Block, Kraken's dollar exchange market share has risen from 19% at the beginning of the year to 29% currently. This is the result of launching several products. Kraken recently launched xStocks, a Solana-based stock tokenization platform, and unveiled Krak, a stablecoin payment platform.
US Senator: "CLARITY Act Opens Path for Non-Crypto Companies to Evade SEC Regulation"
Elizabeth Warren, a US Senator who has long criticized the cryptocurrency industry, pointed out at the Digital Asset Market Structure Act (CLARITY) hearing that if the bill passes, non-crypto companies could tokenize assets to avoid SEC regulation. She emphasized that listed companies like Meta and Tesla could immediately bypass all SEC regulations by simply placing stocks on the blockchain, which is a serious problem. Brad Garlinghouse, Ripple's CEO, also attended the hearing and stated that "over 55 million Americans are participating in the crypto economy, and a wise regulatory framework for the crypto market structure is essential and should have been established long ago".
US SEC Commissioner: "Token Securities Are Also Securities... Must Comply with Securities Laws"
Hester Peirce, who also serves as the head of the SEC's cryptocurrency task force, shared thoughts on securities tokenization on X. Bloomberg analyst James Seyfarth interpreted the key point as: "No matter how powerful blockchain technology is, it cannot magically change the nature of the underlying assets. Token securities are still securities. Therefore, market participants must comply with federal securities laws when trading such securities".
Consensys Estimated to Transfer 5071 ETH to Sharplake
According to Jinseochaining, Ethereum infrastructure company Consensys appears to have transferred 5071 ETH ($13.47 million) to Sharplake Gaming. Sharplake is a Nasdaq-listed company strategically holding ETH.
US FOMC June Minutes: Most Members "Tariffs Can Continuously Stimulate Inflation"
Coinness summarized the Federal Open Market Committee (FOMC) June 2025 minutes released by the US Federal Reserve:
- All members agreed maintaining current interest rates is appropriate
- Some members expressed a hawkish view that current federal funds rate might not be significantly higher than the neutral rate
- Some members indicated willingness to review rate cuts at the July meeting if data meets expectations
- Most members stated rate cuts are necessary in appropriate circumstances this year
- Most members noted tariffs pose a continuous risk of stimulating inflation
US Stock Indices Close Higher
S&P500: +0.60%
Nasdaq: +0.94%
Dow: +0.49%
BTC Reaches New All-Time High
BTC on Binance USDT market surpassed the previous high of $111,980.
BTC Recovers 150 Million Won
Bitcoin recovered 150 million won on Upbit.
BTC Exceeds $111,000
According to Coinness market monitoring, BTC exceeded $111,000. BTC is trading at $111,087.5 on the Binance USDT market.
$112 Million in Futures Positions Liquidated in Past Hour
Major exchanges liquidated $112 million in futures positions in the past hour.
$309 million in futures positions were liquidated in the past 24 hours.
BTC Exceeds $110,000
According to Coinness market monitoring, BTC exceeded $110,000. BTC is trading at $110,000 on the Binance USDT market.
