๐จ SBF Allegedly Plans to Launch a New Token After Getting Out of Lockup
๐ข According to New York Magazine, the former CEO of FTX, Sam Bankman-Fried, told another inmate that he plans to drop a new cryptocurrency once heโs out of the slammer.
๐ช Bankman-Fried reportedly mentioned that the project would generate significant hype, reigniting the debate within the crypto community about his potential comeback to the digital asset scene.
๐ข Major Bitcoin holders are back to accumulating after several months of selling, according to data from Santiment.
๐ช Addresses holding at least 1,000 BTC now control approximately 7.17 million BTC, their highest level since March, indicating renewed accumulation by some of the biggest players in the market.
โก Microtransactions Are Now Dominating Bitcoin Activity
๐ข Bitcoin network activity is on the rise, with microtransactions now accounting for nearly 80% of all BTC transactions, according to data from CryptoQuant.
๐ This trend reflects an increased use of Bitcoin for small-value transfers and new on-chain applications, driving network utilization even in a volatile market environment.
โ๏ธ India Issues Over 44,000 Crypto Tax Notifications
๐จ Indian tax authorities have sent out more than 44,000 notifications and identified over โน888 crore (104 million dollars) in undeclared crypto-related income for the fiscal year 2025โ26.
๐ฐ This move represents one of the largest enforcement actions against tax evasion in the crypto sector, reflecting increasing regulatory scrutiny. #cryptouniverseofficial
๐ Bitcoin Spot ETFs Lose Almost $5 Billion Since Mid-May
๐ธ Bitcoin spot ETFs in the U.S. have seen nearly $5 billion in net outflows since mid-May.
๐ Still, four Bitcoin ETFs recorded net inflows on June 8, while Ethereum spot ETFs attracted $82.4 million, indicating stronger demand for ETH-linked products. #BitcoinETFs
๐ Glassnode Co-Founder Points to a Likely Bottom Zone for Bitcoin
๐ช Glassnode co-founder Rafael Schultze-Kraft estimates that the highest probability zone for a Bitcoin bottom is between $46,000 and $54,000.
๐ He also highlighted that BTC has fallen below the equilibrium price of the average fork for the first time since December 2022, a signal that has historically coincided with capitulation phases.
๐ The Crypto Market Records Its Worst Week Since the FTX Collapse
๐ฅ Bitcoin and Ethereum experienced their largest weekly losses since the FTX crash, contributing to the wipeout of approximately $390 billion from the crypto market.
โก The sharp decline triggered over $7 billion in leveraged liquidations, highlighting the intense volatility in the sector.
๐ Longling Capital Transfers 10,000 ETH to Binance
๐ธ Longling Capital, known for its buy low, sell high strategy, has deposited 10,000 <a>$ETH </a> valued at approximately 15.68 million dollars into Binance.
๐ Traders are keeping a close eye on this move, as large deposits into exchanges are often interpreted as potential sell signals or portfolio adjustments.<a>$ETH </a>
๐ Trading Volume on the Crypto Exchange Gate is Soaring
๐น Daily trading volume on Gate hit nearly $30 million, marking its second-highest level in the past three months, according to CryptoQuant.
๐ This spike reflects rising demand for stock market exposure via native crypto platforms, driving the convergence between traditional and digital finance.
๐๏ธ Japan Boosts Crypto ETFs and Stablecoins in Yen
๐ The ruling party in Japan is reportedly urging the Finance Minister to establish a regulatory framework for crypto ETFs and promote the development of stablecoins pegged to the yen.
๐ This initiative reflects the growing interest in digital assets in the country and could strengthen its position as a leader in blockchain innovation and tokenized finance. #CryptoETFTime
๐ Tom Lee: Bitcoin Sales Look Like Market Bottom Signals
๐ฃ๏ธ Tom Lee from Fundstrat thinks that the concerns about Bitcoin selling from Strategy and record ETF outflows aren't structural threats, but typical capitulation signals from investors.
๐ According to Lee, this kind of fear-driven selling usually happens near market lows: "This is what you expect at a bottom... People sell at the low."
๐ CEO of Swan Lowers Odds of a New Bitcoin High in 2026
๐ฃ๏ธ The CEO of Swan Bitcoin, Cory Klippsten, has cut his estimate for Bitcoin reaching a new all-time high in 2026 to 20%-25%, down from the 50% he previously projected.
๐ This adjustment reflects increased caution regarding market conditions, despite maintaining a positive outlook on long-term fundamentals.#BitcoinCorporates
๐ HYPE Hits a New All-Time High and Then Pulls Back
๐ฅ $HYPE reached a new all-time high of $74.70 before correcting by about 4%, as the markets reacted to macroeconomic news affecting risk assets.
๐ Despite the pullback, the momentum remains strong and traders are watching to see if buyers can defend the breakout zone to maintain the bullish trend.#Hyperliquid