News linked to both this project and an event.
According to CoinDesk, Wall Street bank Cantor Fitzgerald issued a research report indicating that the crypto market is entering the final phase of the current bear cycle. As of June 10, Bitcoin has declined approximately 51% from its 2025 peak, with 252 days having passed since the peak. Synthesizing the past three market cycles, BTC bottoms on average 384 days after the peak; based on this, the low point of this cycle is projected to appear around the end of October. Analysts also noted that the model is not a precise timing tool, and macro, regulatory, and geopolitical risks remain. Regarding network value assessment, Cantor believes Hyperliquid is the prime example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum serves as the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.
: Citrini analyst jukan posted on X platform, stating that supply chain sources indicate MediaTek has essentially secured its second ASIC customer beyond Google. If nothing unexpected happens, this customer will be Meta, as previously rumored. Per its usual practice, MediaTek does not publicly comment on individual products, customer situations, or market rumors. Qualcomm currently seems to hold key major clients such as Meta, Microsoft, and ByteDance, but industry insiders believe that MediaTek is not at a disadvantage as it deepens its cooperation with Google and has the opportunity to lock in a second customer. According to semiconductor supply chain sources, based on the order prospects and generational transition pace of AI data centers and ASIC products from major cloud service providers, Google remains the most proactive and aggressive key client. MediaTek not only has two product codenames, Zebrafish and Humufish, but market information and industry insiders familiar with ASICs have confirmed that its participation in the v9 generation Triggerfish is almost certain. This implies that from late 2026 through 2028, and even extending to 2029, MediaTek can stably generate revenue from TPU mass production. Compared to Qualcomm's proposed 2029 cloud AI revenue target of $15 billion, MediaTek, holding multiple TPU ASIC orders, is only a matter of time before reaching the $10 billion level. The industry is also watching whether MediaTek can smoothly secure a second key cloud service provider as a major client. Combining earlier market information and recent supply chain confirmations, MediaTek is still actively cooperating with Meta on ASIC products, with the collaboration likely centered on AI accelerator chips. Meta has recently partnered with both Arm and Qualcomm, but those related products are aimed at CPUs. For its self-developed AI accelerator chips, there have been no clearer collaboration announcements. IC design industry insiders note that Meta’s recent cloud AI development strategy has indeed been relatively chaotic and unclear, with its internal chip development plans undergoing multiple adjustments. Even in the CPU domain, it has sought multiple partners and adopted different approaches. Regarding AI accelerator chips, although Meta has previously formally announced its cooperation plan with Broadcom, supply chain sources indicate this has not interrupted the ongoing cooperation plans between MediaTek and Meta. IC design industry insiders also emphasize that the cloud AI development roadmaps of MediaTek and Qualcomm remain distinctly different. MediaTek is concentrating all its resources on the ASIC business, while Qualcomm plans to advance both customization and standardization simultaneously, covering both AI accelerator chips and CPU product directions.
CryptoQuant analyst Darkfost stated that the Bitcoin Net Supply Ratio has been in negative territory for a consecutive week, recently dropping to -0.075, triggering a buy signal. This indicator is based on the profit/loss status of Unspent Transaction Outputs (UTXO), used to evaluate the profit or loss level of the overall market supply, thereby assisting in judging whether an accumulation phase is forming.
Gate, a leading global crypto trading platform, has officially launched stock transfer-in and transfer-out functions, supporting cross-broker transfers for US and Hong Kong stock assets. Users can transfer their holdings from external brokers into Gate, or transfer their Gate stock account assets to other brokers. Gate does not charge any fees for transfers in or out. This service uses the FOP transfer method, with US stocks processed through the DTC system and Hong Kong stocks processed through the CCASS system. Users can experience this by updating the Gate App to version v8.26.0 or higher. Currently, this feature is being rolled out gradually, and users can follow subsequent version update information.To celebrate the launch of the stock transfer function, Gate is simultaneously running a "Stock Transfer Bonus" event. Users who register between July 1, 2026, and July 7, 2026, and submit a transfer-in application during the event period to successfully transfer US or Hong Kong stocks held by external brokers into their Gate stock account, with the total market value of the transferred assets reaching 3,000 USDT equivalent or more, will be eligible for a cash subsidy based on the valid transfer fee voucher from the original broker and a VIP upgrade benefit. The maximum subsidy for US stocks is 15,000 USDT, for Hong Kong stocks it is 6,000 USDT, and the VIP level can be upgraded up to VIP 9.Gate Stock has formed a 7×24-hour trading service system covering the three core markets of US stocks, Hong Kong stocks, and South Korean stocks, supporting over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, and over 1,000 South Korean stocks, collectively covering more than 12,500 global stocks and ETF assets. Users can use USDT from their unified Gate account to participate in global stock investments in one go, supporting fractional share trading starting from a minimum of 0.01 shares. Furthermore, Gate Stock has achieved comprehensive coverage on both the App and Web platforms, helping users achieve one-stop allocation and management of digital assets and global securities assets.
the U.S. SEC stated on Tuesday that it is publicly seeking comments on the regulatory approach for "novel ETFs," evaluating whether existing fund registration and listing processes need adjustments. This review comes amid the rapid expansion of crypto ETFs and an increase in applications for prediction market-related ETFs.SEC Chairman Paul Atkins said the regulator wants to hear market opinions to ensure that the U.S. ETF market can effectively serve investors while continuing to grow and innovate. Since Atkins took over as SEC Chairman in April 2025, the SEC has approved multiple crypto ETFs beyond Bitcoin and Ethereum, including products tracking assets like SOL and DOGE.Currently, market attention is shifting towards prediction market ETFs linked to political and economic outcomes. The SEC has not yet approved such funds for listing and trading and has delayed several related applications. Atkins previously stated that the SEC will evaluate these products in a "transparent and prudent" manner.In this request for comment, the SEC is asking whether a standardized listing framework should be established for ETFs meeting specific criteria and whether certain novel ETFs need to register as investment companies. TD Cowen analysts believe that this request for comment could potentially lead to rule changes as early as 2027, allowing the SEC to permit a wider range of ETF types, including products based on event contracts, crypto assets, and single-stock strategies. (The Block)
Ansem posted on X, stating that his past judgments regarding celebrity participation in crypto projects were overly idealistic. He had assumed they would not "rug" millions of supporters, but this assumption has been proven wrong by reality, and he stated he will not make the same judgment error in the future.However, Ansem emphasized that he is not a celebrity himself and has no intention of exiting a project improperly. He believes that Meme and narrative-based tokens may still play a "net positive" role in the crypto market, including attracting new users into the industry, providing speculative liquidity for the market, and reactivating market sentiment during bear market bottoms.Using Dogecoin and Bonk as examples, he stated that such assets have brought large-scale user adoption and wealth effects in different cycles. Dogecoin's market cap once reached $11 billion, while Bonk helped revive sentiment within the Solana ecosystem during the低迷 period following the FTX collapse.Ansem also mentioned that he entered the crypto industry in 2017, quit his job as a software engineer in 2021, and is currently co-founding the trading application BullpenFi while hosting the podcast project MarketBubble. He noted that he has participated in discussions on multiple Meme coins in the past, but often encountered anonymous accounts using liquidity structures to front-run and then "dump" on the opposite side, making him a tool for attention. He emphasized that his current project is the first time he is participating with "control over the majority of the token supply" and stated that he will attempt to find a balance between market attention and industry building.
According to an official announcement, based on the latest review, the following tokens no longer meet the Binance Alpha standards and will be removed from the recommended list on June 30, 2026, at 10:30 (UTC): TTD (TradeTide), OIK (SpaceNation), LUNAI (LunabyVirtuals), TOWN (Alt.town), VINU (VitaInu), PUP (PUP), CYPR (Cypher), DGRAM (DatagramNetwork). After removal, users can still withdraw or sell these tokens on Binance Alpha.
: According to an official announcement, OKX will list TAO/USDT (Bittensor) spot trading, with the spot market officially opening at 20:00 (UTC+8) on June 30, 2026. Deposits are now open, and users can place advance orders one hour before trading begins.It is reported that Bittensor is an open-source protocol that powers a blockchain-based machine learning network.
According to The Block, the U.S. May core PCE inflation data—coming in higher than expected at a 3.4% year-on-year increase, the highest since October 2023—further dampened market expectations for near-term Federal Reserve rate cuts. As a result, Bitcoin dropped to an intraday low of $58,000 on Thursday, marking its lowest level since late 2024, and is currently trading sideways around $59,000. U.S. spot Bitcoin ETFs recorded net outflows for six consecutive trading days, with a single-day net redemption of $696 million on June 25. Spot Ethereum ETFs also saw net outflows for six straight days, with $81.9 million flowing out on the same day. Analysts noted that Bitcoin’s dominance remains near 55%, indicating capital rotation toward high-quality assets rather than broad-based withdrawal. Ki Young Ju, CEO of CryptoQuant, stated that Bitcoin’s 4-year rolling realized price risk/reward ratio has yet to reach historical cycle lows, suggesting the asset may not have approached the bottom of this cycle.
According to Hyperinsight monitoring, against the backdrop of elevated PCE inflation and broad-based pullbacks in tech stocks, BlackBerry (BB) reported Q1 revenue up 26% year-on-year—exceeding guidance—and raised its full-year outlook, standing out as a rare outperformer. The BB perpetual contract on the Hyperliquid platform surged 12.6% over the past 24 hours, currently trading at $10.28.
WEEX Exchange has announced the official launch of its zero-fee trading campaign for Hela Gold (HGOLD). Users who participate in HGOLD spot trading can share a $30,000 USDT prize pool: – New users who make a net deposit of ≥100 USDT and execute their first spot trade in HGOLD will receive a $10 USDT reward; – Both new and existing users whose HGOLD spot trading volume reaches ≥100 USDT will be eligible to share $10,000 USDT based on their trading volume ranking; – Users who invite friends to join the campaign can earn up to $1,000 USDT in rewards. Hela Gold (HGOLD) is WEEX’s 230th WE-Launch project. Previously, HGOLD partnered with WEEX to distribute a $10,000 USDT airdrop to WXT holders who participated in the WE-Launch campaign.
According to Hyperinsight monitoring, within the past hour, a trader’s address on Hyperliquid aggressively opened a large short position on the S&P 500 Index (xyz:SP500). The address opened this position at approximately $7,454.5 using 50x full-leverage margin, shorting roughly $1.956 million worth of the S&P 500 Index (SP500).
that, according to official news from Bitget, the platform has officially launched its direct US stock connection product, "Bitget US Stocks," allowing users to buy and sell over 10,000 real US stocks and ETFs directly using USDC. The service executes settlements through licensed US brokers, granting users full shareholder rights including cash dividends and voting rights. It covers pre-market, regular, and after-hours trading sessions, and supports the seamless transfer of existing stock holdings from other brokerage platforms into Bitget. This move is another key step in Bitget's US Stock 2.0 strategy, following the launch of the Reality protocol and rToken-based US stock tokens in early June, aimed at providing a more intuitive trading interface for users accustomed to traditional brokerage experiences.To coincide with the new product launch, Bitget is simultaneously rolling out an accelerated stock transfer program. During the promotional period, users who transfer US stock holdings from external brokerages such as Futu, Tiger Brokers, moomoo, Longbridge, Webull, and IBKR into Bitget have the chance to receive a transfer fee subsidy of up to $10,000. The registration period runs from June 22, 19:00 to July 10, 23:59 (UTC+8), and subsidies will be distributed to eligible users every Monday. Transferred assets can be held or traded directly within the Bitget account.On June 5th, Bitget announced the listing of US stock tokens launched by its compliant RWA protocol. It currently supports over 500 US stocks and ETFs, including SpaceX, Tesla, and Nvidia, with assets under management (AUM) exceeding $50 million. The launch of direct US stock connection further completes Bitget's US stock product matrix, offering users accustomed to traditional brokerage experiences a more intuitive trading interface and experience.
Bitget has announced an upgrade to its CFD copy trading feature, introducing two new position-following modes and independent risk management settings—evolving copy trading from “simple strategy replication” to “personalized risk management.” While referencing professional strategies, users can now establish a foundational risk control layer aligned with their individual risk tolerance. Regarding position management, two new modes have been added: “Fixed-Ratio Copy Trading” and “Fixed-Lot Copy Trading.” Under the Fixed-Ratio mode, the system intelligently calculates position sizes based on the capital ratio between the user and the lead trader, ensuring proportional risk alignment. Under the Fixed-Lot mode, users can set a fixed order size per trade (e.g., 0.01 lots), enabling small-capital users to cost-effectively test a trader’s actual win rate. On the risk control front, this upgrade introduces independent take-profit and stop-loss settings. Users can now define personalized take-profit and stop-loss amounts for their own accounts when copying any trader—even if the lead trader remains in open positions, the system automatically triggers the user’s stop-loss. Additionally, a new “Maximum Lot Size per Copy Trade” limit has been added to prevent excessively large positions triggered automatically due to high account equity.
Bitcoin has dropped approximately 40% since Strategy launched its Bitcoin financing instrument, STRC, which has now fallen below its $100 issuance par value. This has sparked market debate over the sustainability of Michael Saylor’s Bitcoin “flywheel” model. Strategy currently holds over 846,000 BTC, but its purchase pace has notably slowed recently. Data shows that during the week ending June 8, the company added 1,550 BTC, worth approximately $101 million. The following week, ending June 15, it added another 1,587 BTC, valued at about $100 million. In contrast, during a single week in April 2026, the firm bought 34,164 BTC for $2.54 billion, indicating a significant decline in its recent capital deployment.Meanwhile, Strategy previously sold 32 BTC to meet dividend obligations. While minimal relative to its total holdings, the market views this as a sign that cash flow pressures could intensify if STRC’s funding efficiency declines. STRC was originally designed as a preferred stock instrument trading near its $100 par value, using dividend adjustments to attract investors and help Strategy raise capital for Bitcoin purchases. STRC has now fallen to historic lows, once dropping to $82.53 before closing at $88.59—roughly 13% below par value.Critics argue that STRC’s dip below par indicates mounting pressure on Strategy’s funding channels. Peter Schiff, a long-time Bitcoin critic, labeled STRC “a typical centralized Ponzi scheme,” claiming the model relies on continuous financing or Bitcoin sales to sustain itself. Crypto trader DonAlt also questioned STRC’s recent performance, describing its trading behavior as resembling a “Ponzi scheme.”However, some analysts believe STRC’s decline is more due to leverage liquidations than a fundamental deterioration of Strategy. STRC had long traded around $99 to $100, attracting leveraged traders. When the price broke below a key level, forced liquidations were triggered, exacerbating the drop.Analyst Scott Melker noted that STRC’s current yield has actually improved due to the discount. Since dividends are calculated based on the $100 liquidation preference, at an STRC price of $90, the 11.5% annualized dividend translates to an actual yield of about 12.8%. If the price falls to $85, the yield could exceed 13%.Strategy is expected to announce its next STRC dividend adjustment by June 30. The market is now focused on whether the STRC discount will persist and whether Strategy’s model of using capital market financing to continuously accumulate BTC can remain stable. (Cointelegraph)
Odaily Odaily previously announced that it will shut down the Hyperliquid ecosystem project Ventuals posted on X, stating that Ventuals' commodities and indices markets are now frozen. The Mark Price and Oracle Price for each market have been set based on data from external exchanges to the closing prices of today's regular trading session, and the funding rate has been set to 0. All markets will suspend trading for the remainder of the day, and the PNL of all positions will be automatically settled at the final mark price. If users currently hold open positions, no action is required; the system will automatically settle for you.Additionally, Ventuals advises all vHYPE holders to initiate withdrawals as soon as possible (if not already done). 100% of vHYPE holders can expect to exchange their tokens back for HYPE at a 1:1 ratio, along with all native staking rewards accrued since deposit. All initiated withdrawals will begin batch processing at 10:00 AM Eastern Time on June 19, and batch processing will continue every 24 to 72 hours thereafter. Once the withdrawal request is processed, it will become claimable after 7.5 days (including Hyperliquid's native 7-day standard unstaking period and a 12-hour cooldown period).Previously, Ventuals announced the closure of its business and will be integrated into another team within the Hyperliquid ecosystem; specific details have not been disclosed yet.
Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X that trading activity in SpaceX-leveraged ETFs continues to intensify, with cumulative trading volume exceeding $3 billion—up sharply from roughly $1 billion the previous day—reflecting a “broad-based influx of capital” into the market.
: According to official sources, Base is about to launch the Beryl hard fork upgrade, introducing the B20 native token standard, which shortens the final confirmation period for single-proof withdrawals from 7 days to 5 days, and upgrades Reth V2, reducing disk usage by 50% and increasing throughput by 33%.Beryl will be activated on the Sepolia testnet at 2:00 AM UTC+8 on June 19, and on the mainnet at 2:00 AM UTC+8 on June 26.B20 is Base’s native token standard, an ERC-20 compatible token implemented via Rust precompile, designed specifically for stablecoins, RWAs, and long-tail token issuers. It includes a built-in compliance toolkit, featuring transfer strategies, freezing and seizing, role-based access control, memos, and supply caps.
10x Research released a report stating that the top ten cryptocurrencies by market capitalization have continuously shifted over the past decade, indicating that holding altcoins long-term is not the optimal strategy—momentum trading is more critical. A bullish stance can be maintained if an altcoin trades above its 6-month or 12-month moving average; once it falls below, investors should decisively reduce positions. Using a dual-screening framework based on fundamental catalysts and risk management, the firm has currently identified six altcoins exhibiting strong bullish catalysts and meeting risk-management criteria. Historical data shows such a carefully selected portfolio is likely to significantly outperform Bitcoin.
Ventuals today announced it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official conclusion of its 24/7 private market experiments. The platform, which focuses on trading pre-IPO private tech companies, had raised over 500,000 HYPE tokens and achieved a total trading volume of approximately $650 million.The platform's existing HIP-3 markets are now entering the settlement phase. Pre-IPO markets such as OpenAI and Anthropic are settling based on a 24-hour weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodity and index markets including MAG7, semiconductors, and energy will be suspended in batches starting June 18, with open positions being auto-liquidated.vHYPE holders can redeem their staked assets at a 1:1 ratio and claim corresponding rewards. Withdrawal services will be initiated in batches starting June 19, with processing times ranging from 7 to 72 hours. The project has terminated its points and promotional activities and has clearly stated that no tokens will be issued. Officials require all users to complete fund withdrawals and wallet export operations by September 15.