Summary
gm, Coinbase reached a new all-time high closing price of $369.21 amid positive regulatory developments and announcing upcoming U.S.-regulated perpetual futures for Bitcoin and Ethereum launching next month. The tokenized real-world assets (RWA) market surged to $24 billion, with Ethereum maintaining dominance despite emerging competition from networks like Solana, Aptos, and Avalanche. Meanwhile, Trump's World Liberty Financial received a substantial $100 million investment from UAE-based Aqua1 Foundation, further strengthening the project's position in the DeFi ecosystem, while Kraken expanded its offerings with a new peer-to-peer payments app called Krak, allowing transactions in over 300 currencies across 110 countries.

News Headlines
🚨 Bitcoin Headed for One of the Largest Options Expiries of the Year

  • Bitcoin is set to experience one of its largest monthly options expiries, with $15 billion in contracts expiring amid declining volatility. The max pain point is at $102,000, indicating where the most contracts would become worthless.
  • Bitcoin's implied volatility has dropped to its lowest levels since October 2023, with a slight pessimistic market sentiment reflected through a put-to-call ratio of 0.73, while Bitcoin trades around $107,600.

💰 Bitcoin ETFs Notch 13 Consecutive Days of Inflow—Why It Matters

  • U.S. Bitcoin ETFs have recorded 13 consecutive days of inflows, accumulating nearly $3 billion despite flat market prices. The largest single-day inflow of June occurred on the 26th with $588.6 million, with BlackRock's IBIT leading at $163.7 million.
  • Concurrently, gold ETFs faced $1 billion in outflows, revealing a significant shift where investors are increasingly considering Bitcoin as a superior hedge against traditional assets.

🏦 Tether and Blackstone Executives Plan $1 Billion Public Crypto Treasury

  • Former executives from Tether and Blackstone, Chinh Chu and Reeve Collins, aim to raise $1 billion to establish a digital asset treasury, which they plan to make public through a SPAC deal with M-3 Brigade Acquisition V Corp.
  • The treasury will include major cryptocurrencies like Bitcoin, Ethereum, and Solana, joining over 250 entities (including 141 publicly listed companies) that currently hold Bitcoin on their balance sheets.

💼 Aptos Becomes Top 3 Blockchain for RWA with $540M in Tokenized Assets

  • Aptos has experienced a significant surge in real-world asset tokenization, exceeding $540 million in total on-chain assets, a 57.1% increase over the past 30 days, placing it among the top three networks for RWA deployment.
  • This growth stems from traditional asset managers such as Berkeley Square, BlackRock, and Franklin Templeton utilizing the Aptos blockchain, while Ethereum (with nearly $7.6 billion in assets) has shown slower growth at just 5.4% in the last month.

📈 Ethereum Chart Signals 'Altseason' as Analysts Predict $10K ETH Price Top

  • Technical indicators suggest Ethereum may reach $10,000 in the current market cycle, with analysts identifying potential breakout levels around $3,200 and projecting targets of $9,400-$10,000.
  • The Altcoin Season Index indicates an opportune moment to invest in altcoins, which have lagged behind Bitcoin's recent performance, with historical trends suggesting a significant shift toward altcoins is imminent.

Market Metrics

Fundraising & VC
1. Bit Digital (Undisclosed, $150M) - Digital asset and AI infrastructure company
2. Niural (Series A, $31M) - AI-native PEO and HR platform
3. Jarsy (Pre-seed, Undisclosed) - Tokenized investment platform

Regulatory
🏛️ Ripple Drops SEC Appeal, Ending Four-Year Legal Battle

  • Ripple announced it will drop its appeal against the SEC, accepting a $125 million penalty instead of pursuing a reduction to $50 million.
  • CEO Brad Garlinghouse stated that both Ripple and the SEC are expected to end their appeals, officially concluding the landmark case that began in December 2020.

⚖️ Bitvavo Secures MiCA License

  • Bitvavo has obtained a Markets in Crypto Assets (MiCA) License from the Dutch Authority for the Financial Markets, enabling operations across all 30 European Economic Area nations.
  • This positions Bitvavo alongside other exchanges like Kraken, Coinbase, and Bybit that have secured MiCA licenses to operate throughout Europe.

💰 Trump Avoids Question on Crypto Divestment

  • President Trump sidestepped a direct question about whether he would divest from personal cryptocurrency ventures to facilitate the passage of related legislation.
  • Trump claimed he built an important crypto industry in the U.S. and implied that without his leadership, China would have dominated this market.

🏦 Trump Blames Biden for Crypto Banking Issues

  • President Trump criticized the practice of denying banking services to crypto companies, calling it "very bad and very dangerous" and blaming the Biden administration.
  • Trump suggested banking regulators intimidate banks into refusing services based on affiliations with cryptocurrencies or political views.

⚠️ FATF Warns of Crypto Use by Sanctioned States

  • The Financial Action Task Force (FATF) reports a doubling in the use of cryptocurrencies by sanctioned states like North Korea and Iran to finance illicit weapons programs.
  • The report cites significant incidents such as North Korean hackers stealing $1.4 billion from exchanges to fund nuclear activities.

Technical Analysis
Bitcoin - Bitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency is moving within a rectangle formation between support at 100851 and resistance at 108101. A decisive break through one of these levels indicates the new direction for the currency. The currency is approaching resistance at 110000 points, which may give a negative reaction. However, a break upwards through 110000 points will be a positive signal. The currency is overall assessed as technically slightly negative for the short term.

Ethereum - Ethereum is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency is approaching resistance at 2490 points, which may give a negative reaction. However, a break upwards through 2490 points will be a positive signal. Volume has previously been high at price tops and low at price bottoms. This strengthens the currency and indicates increased chance of a break up. The currency is overall assessed as technically neutral for the short term.