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Bitcoin is a decentralized digital currency without a central bank or single administrator. It can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. Its implementation was released as open-source software in 2009 and began to be used then.
Analyst: $60,000 Could Become Bitcoin’s New Accumulation Zone; Cycle Bottom Watch at $48,000
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin may have entered a new accumulation zone, but the potential structural bottom for this cycle remains around $48,000. Currently, Bitcoin’s post-adjustment seller risk ratio indicator shows that unprofitable supply is beginning to surpass profitable supply, and unrealized pressure on holders is rising significantly. Meanwhile, the Cumulative Value Destroyed Days (CVDD) valuation model indicates that Bitcoin’s structural bottom for this cycle is approximately $48,000.
Dubai’s VARA Releases Updated Anti-Money Laundering Guidelines, Requiring Crypto Firms to Integrate Real-Time Risk Controls Against FATF Blacklists
According to Bitcoin.com, the Dubai Virtual Assets Regulatory Authority (VARA) recently released an updated Anti-Money Laundering (AML) regulatory guidance, requiring cryptocurrency firms operating in Dubai to integrate FATF high-risk and blacklist country data into their risk-scoring models in real time—replacing the previous static compliance tracking mechanism. Under the new rules, firms must update their risk assessments at least once every three months, and immediately upon any material change to their operational structure or product offerings. Additionally, proliferation financing risks and targeted financial sanctions risks must be assessed separately and may not be broadly conflated with AML compliance. Firms are also required to formally document risks arising from AI-assisted operations and privacy-enhancing exchanges. VARA stated that compliance officers, senior management, and board members bear full responsibility for their company’s residual risk rating, signaling a regulatory shift from post-hoc enforcement toward proactive, systemic risk management.
Bitcoin Policy UK CEO Criticizes Saylor’s Promotion of STRC as “Dishonest,” Questions Systemic Risks in Bitcoin Treasury Strategy
According to The Block, Susie Ward, CEO of Bitcoin Policy UK, publicly criticized Strategy founder Michael Saylor’s promotional video for STRC during an interview at last week’s BTC Conference in Prague, calling it “dishonest” for failing to accurately disclose the product’s risk profile. STRC is a perpetual preferred share offering an 11.25% dividend; Strategy raises funds through its issuance to continuously purchase bitcoin. Ward stated that although she is a staunch bitcoin supporter and also a shareholder of Strategy, she remains cautious about the company’s model of accumulating bitcoin via leverage and equity dilution—arguing that such practices tie bitcoin’s reputation to “fiat games,” with some projects resembling meme coin pump-and-dump schemes.
Bitcoin Policy UK CEO Criticizes Michael Saylor for “Misleading Risks” in Promoting STRC
Odaily News, Susie Ward, CEO of Bitcoin Policy UK and a Bitcoin advocate, stated that although she is also a shareholder of Strategy, she is concerned about the way Michael Saylor promotes STRC, arguing that he has not fully explained the risks of the product.STRC is a perpetual preferred stock issued by Strategy, offering a dividend yield of 11.25%. Strategy raises funds by selling this type of preferred stock and uses the proceeds to continue purchasing Bitcoin, serving its long-term BTC accumulation strategy.Ward stated that when Saylor showcased STRC's returns in a related video, it gave the impression that it was “risk-free,” and she believes this expression is “dishonest.” She is particularly concerned that investors may underestimate the structural risks behind the model of using high-dividend preferred stock financing to purchase Bitcoin.
Standard Chartered: Uniswap Token UNI Could Rise to $100 by 2030
Standard Chartered Bank has initiated coverage on the decentralized exchange protocol Uniswap, predicting its UNI token could rise from its current price of approximately $2.70 to $100 by the end of 2030, representing a gain of nearly 40 times.Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that the next wave of wealth creation opportunities in the digital asset space may come from DeFi protocols. The core logic is that the scale of tokenized assets entering DeFi will grow significantly, thereby enhancing the trading asset base and fee potential for protocols like Uniswap.Standard Chartered estimates that tokenized assets on-chain will grow from approximately $340 billion today to $4 trillion by the end of 2028. Of this, the proportion flowing into DeFi is expected to rise from roughly 3.5% currently to 30% by the end of 2030. Combined with the growth of crypto-native assets, the total value locked in DeFi could reach approximately $2.7 trillion, an increase of about 37 times compared to today.Kendrick believes that if Uniswap can successfully commercialize and establish sufficient partnerships with traditional financial institutions, its valuation multiple relative to trading fees could improve, narrowing the gap with centralized exchanges like Coinbase.Standard Chartered's projected price path for UNI is: $6.50 by the end of 2026, $20 by the end of 2027, $40 by the end of 2028, $65 by the end of 2029, and $100 by the end of 2030. The bank also expects UNI to potentially outperform ETH and BTC during this period.
Strive CIO: Prolonged Bitcoin Downturn Could Trigger Industry M&A Wave
Strive Chief Investment Officer Ben Werkman stated that if Bitcoin prices remain low for an extended period, it will increase pressure on Bitcoin treasury companies that rely on convertible bond financing. Some companies may be forced to sell BTC to maintain operations or repay debt, potentially triggering mergers and acquisitions, asset sales, and restructuring. Werkman noted that Strive has chosen to finance solely through equity to avoid the pressures of convertible bonds, and has already acquired peer company Semler Scientific as an example of industry consolidation. He pointed out that some companies are proactively reducing debt and adjusting their balance sheets, and expects more mergers, acquisitions, and structural adjustments in the future to cope with sustained market weakness and conservative treatment of Bitcoin asset values by rating agencies. (Theblock)
Base lead: Base is striving to become the underlying network for global financial activities
Base lead Jesse Pollak introduced Base's latest development direction at the Coinbase System Update: Take Control conference held today. Base is committed to becoming a platform that supports global financial activities.Base announced support for tokenized stocks launched by Coinbase and introduced the B20 native token standard. The Base App will support Solana, Bitcoin, and multiple EVM networks, and will also launch a web version. Base introduced Base MCP, allowing AI Agents to perform on-chain activities such as transfers, transactions, swaps, and lending with user authorization.Base stated that it has processed over $19 trillion in stablecoin payment volume this year and supports more than 25 local currency stablecoins. Base has also launched private transactions and a new ledger architecture to meet corporate compliance and auditing requirements.
Russia to Include USDC in Its Regulated Crypto Market, Full Regulatory Legislation to Be Completed by July
According to Cryptopolitan, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated during the St. Petersburg International Economic Forum (SPIEF 2026) that USDC will be added to Russia’s regulated cryptocurrency list alongside BTC, ETH, and USDT—previously approved cryptocurrencies. He also revealed that smaller stablecoins pegged to currencies of “friendly jurisdictions,” such as the Russian ruble or the UAE dirham, may also be granted market access. Russia’s draft “Law on Digital Currency and Digital Rights” must be finalized by July 1; upon enactment, non-accredited investors will gain legal access to cryptocurrency investments for the first time—though with an annual investment cap of 300,000 rubles (approximately USD 4,000).
FBI Announcement: Digital Assets Seized in Multiple Jurisdictions, Including BTC, ETH, USDT, and Other Cryptocurrencies
According to an official FBI notice, the Federal Bureau of Investigation issued a public announcement on June 16, 2026, stating that it had seized substantial assets across multiple U.S. judicial districts for violations of federal law. Seized assets include cash, vehicles, cryptocurrencies, jewelry, firearms, and electronic devices. The seized assets span a broad range, including: multiple large cash deposits and luxury goods—including Hermès and Chanel handbags and jewelry—in California; various cryptocurrencies—including Bitcoin and Ethereum—in Connecticut; over $460,000 in USDT stablecoins in Texas; nearly $500,000 in USDT in Indiana; and more than $1.1 million across multiple bank accounts held by CO EBikes LLC in Colorado.
Dubai’s VARA Releases Updated Anti-Money Laundering Guidelines, Requiring Crypto Firms to Integrate Real-Time Risk Controls Against FATF Blacklists
According to Bitcoin.com, the Dubai Virtual Assets Regulatory Authority (VARA) recently released an updated Anti-Money Laundering (AML) regulatory guidance, requiring cryptocurrency firms operating in Dubai to integrate FATF high-risk and blacklist country data into their risk-scoring models in real time—replacing the previous static compliance tracking mechanism. Under the new rules, firms must update their risk assessments at least once every three months, and immediately upon any material change to their operational structure or product offerings. Additionally, proliferation financing risks and targeted financial sanctions risks must be assessed separately and may not be broadly conflated with AML compliance. Firms are also required to formally document risks arising from AI-assisted operations and privacy-enhancing exchanges. VARA stated that compliance officers, senior management, and board members bear full responsibility for their company’s residual risk rating, signaling a regulatory shift from post-hoc enforcement toward proactive, systemic risk management.
Analysis: Ceasefire in the Middle East and Fed Decision Set to Influence Crypto Market, Geopolitical Risks and Rate Path in Focus This Week
the crypto market hopes to shake off months of geopolitical pressure this week. Following a temporary peace agreement between the US and Iran, Bitcoin rose to near $66,000 on Monday, up about 3.5% from Friday. Crypto-related stocks such as Strategy (MSTR) and Galaxy Digital (GLXY) also advanced in pre-market trading.However, the market remains cautious, as past ceasefire agreements have often collapsed. The April truce failed to hold, and last month's US military action broke another round of peace talks, which also dragged down crypto asset prices at the time.This week, the spotlight will shift to the Federal Reserve's interest rate decision. On Wednesday, Fed Chair Kevin Warsh will preside over the first rate-setting meeting, with the market widely expecting the Fed to hold rates steady in the 3.50%-3.75% range.Analysts point out that the release of the new “dot plot” (showing Fed officials' interest rate expectations) and the shortened trading day due to the Juneteenth holiday on Friday could reduce market liquidity. This week's economic data and Fed policy guidance will determine whether the crypto market can sustain a rebound on the back of easing geopolitical risks. (CoinDesk)
Gate launches RLUSD, opening four major trading pairs with multiple incentive measures
crypto asset trading platform Gate has announced the listing of RLUSD, a U.S. dollar stablecoin launched by Ripple, at 17:00 (UTC+8) on June 15. Simultaneously, it will open the BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT trading pairs. RLUSD is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury bonds, and other cash equivalents, with monthly reserve audit reports enhancing transparency and compliance. This stablecoin is specifically designed for payment use cases, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable stablecoins with real-world application capabilities.To support the listing, Gate has simultaneously launched a market incentive program totaling 750,000 RLUSD. This program includes measures such as CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee reductions, and KOL promotions, all designed to drive genuine trading demand, improve market depth, and attract new user participation and market vitality. The listing of RLUSD combined with the concentrated release of incentive resources demonstrates Gate's strategic direction of continuously improving its stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. Moving forward, Gate will expand its offerings with more high-quality assets and ecosystem partnerships, driving the continued evolution of digital asset market infrastructure.
Andrew Tate Liquidated Again, New Liquidation Price Drops to $64,824.44
According to on-chain analytics platform Lookonchain, Andrew Tate (@Cobratate) has again suffered a partial liquidation of his BTC position. His latest liquidation price has now dropped to $64,824.44.
A major whale closed its BTC short position after breaking even and then immediately liquidated the position, exiting with a small profit on an $11 million position.
According to Hyperinsight monitoring, a major BTC short whale today closed its position at breakeven immediately after BTC fell below its cost basis. Its prior position size was 175.3 BTC—approximately $11.37 million—with an exit price of $64,931, securing a modest profit of roughly $110,000.
10.11 Insider Whale Opens 366,423 UNI with 2x Long Position, Still Holds BTC and ZEC Longs
: According to Onchain Lens monitoring, the "10.11 Insider Whale" Garret Jin appears to be bullish on UNI, having opened a 2x long position on 366,423 UNI with the position still increasing, and continues to hold a 5x long position on BTC and a 2x long position on ZEC.
Yesterday, Bitcoin spot ETFs recorded a net inflow of $10.04 million.
According to data from Trader T (@thepfund), yesterday’s net inflow into Bitcoin spot ETFs amounted to $10.04 million. Specifically, BlackRock’s $IBIT saw an inflow of $16.34 million, Fidelity’s $FBTC an inflow of $4.28 million, Morgan Stanley’s $MSBT an inflow of $1.88 million, and Grayscale’s mini-Bitcoin ETF $BTC an inflow of $4.35 million; meanwhile, Grayscale’s $GBTC experienced an outflow of $16.81 million.
“1011 Insider Whale” Liquidates 184,102 HYPE, Realizing $2.83M Profit
Odaily News According to Onchain Lens monitoring, the "1011 insider whale," Garret Jin, has sold all 184,102 HYPE at a price of $73.58, exchanging them for 13.54 million USDC, realizing a profit of $2.83 million. He still holds a 5x long BTC position, with an unrealized loss of $13.2 million, and a 2x long ZEC position, with an unrealized gain of $3.29 million.
XPRIZE Founder: Over the past decade, I would invest idle funds into Bitcoin; now I will buy SPCX
: Peter H. Diamandis, founder of the globally renowned tech challenge organization XPRIZE and early investor in SpaceX, stated, "People always ask me if I will sell off when prices rise. Quite the contrary. Over the past ten years, whenever I freed up capital from other transactions, I poured those funds into Bitcoin. I still hold a considerable amount of Bitcoin and intend to hold it long-term.""But going forward, whenever I have idle funds, I will invest in SpaceX, a company of epoch-making significance. I anticipate that the stock price may decline when locked-up shareholders are allowed to sell their shares and some cash out. However, I am not investing in SpaceX for short-term quarterly price gains, but to advance the off-planet economy."
Coinbase Advisory Board Warns of Bitcoin’s Quantum Risk: No Consensus Yet Within the Community—Quantum-Resistant Migration Preparations Should Begin Immediately
A cryptography expert advisory committee led by Coinbase released a report stating that Bitcoin should immediately begin preparing for potential quantum computing attacks. However, the committee did not take a clear stance on whether to freeze the millions of bitcoins potentially vulnerable to quantum-computing theft in the future. The committee includes several leading experts, such as Justin Drake, a researcher at the Ethereum Foundation. They argue that the current debate is not about *how* to introduce quantum-resistant signature schemes, but rather *how to handle* bitcoins held in long-dormant addresses that fail to migrate. One camp advocates setting a final deadline after which Bitcoin’s existing ECDSA and Schnorr signature schemes would no longer be supported, and unmigrated funds would be frozen—thereby preventing future quantum attackers from seizing large amounts of BTC and destabilizing markets. The other camp contends that freezing funds would effectively amount to asset confiscation, violating Bitcoin’s core principles of immutability and full user control over assets—and could set a precedent for future regulatory-driven freezes. The Coinbase advisory committee notes that these approaches are not mutually exclusive and could be combined. Yet it declines to state a position on whether “legacy BTC” should be frozen, asserting that the ultimate decision rests with Bitcoin’s community governance. It emphasizes two key points: first, technical development of quantum-resistant signature migration must begin immediately—not wait for governance debates to conclude; second, users must receive clear, timely risk communication to prevent prolonged uncertainty from harming the Bitcoin ecosystem.
11 national law enforcement agencies shut down AudiA6 crypto money laundering network
law enforcement agencies from 11 countries have jointly shut down the money laundering network AudiA6, which processed over 336 million euros in illicit funds between 2022 and 2025. On June 10, law enforcement arrested two administrators of Russian and Ukrainian nationality in Georgia, seized 25 domain names, over 30 servers, and 80 vehicles, and froze approximately 778,000 euros in cryptocurrency. Operating as a "mixer-as-a-service," AudiA6 provided services to cybercriminals involved in ransomware attacks, helping them cash out crypto assets and conceal the flow of funds, charging commissions of 3% to 10% and claiming to complete the "cleaning" process within about an hour.Since 2021, the AudiA6 wallet has received approximately 10,333 BTC, valued at around $389 million at the time of the transactions. The investigation also revealed that the money laundering network used thousands of fake accounts created with stolen or purchased identities, involving over 6,000 KYC records; many of these accounts were linked to Russian-speaking intermediaries and were used to transfer criminal proceeds through cryptocurrency exchanges. The clearnet and darknet domains of AudiA6 and Dark2Web have been replaced with seizure banners. (Cointelegraph)
Bitcoin Core 31.0’s new features contain a privacy vulnerability that may leak the IP address of the transaction initiator under specific network conditions.
The Bitcoin Core Project released a security advisory confirming a privacy vulnerability in the -privatebroadcast feature introduced in version 31.0.
Arthur Hayes: Rising Oil Prices, AI-Related IPOs, and Trump's Anti-AI Rhetoric Could Pop the AI Bubble and Drag Down the Crypto Market
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
Bitcoin Carjacking Accomplice Pleads Guilty, Faces Up to 20 Years in Prison
the US Department of Justice stated Saif Faiq has pleaded guilty to conspiracy charges in a Bitcoin-related kidnapping and extortion case, facing a maximum of 20 years in prison, with sentencing scheduled for August 28.The case occurred in 2024. Faiq and his brother Adam Iza were accused of plotting to kidnap the parents of a crypto millionaire, recruiting six men from Florida to carry out the operation in Connecticut. The suspects carjacked the victims' Lamborghini Urus in broad daylight, assaulting them and briefly holding them captive.The victims were Sushil and Radhika Chetal, whose son Veer Chetal was previously involved in a social engineering fraud case, stealing approximately 4,100 Bitcoins, and has already pleaded guilty to the theft. Faiq and his brother have both acknowledged conspiring to interfere with commercial activities through robbery.
New York Judge Pauses Ownership Lawsuit Over 39,000 Dormant Bitcoin Wallets, Hearing Set for July 14
New York Supreme Court Judge Kathy J. King has signed an order to pause proceedings in a lawsuit seeking ownership claims over 39,069 dormant bitcoin wallets, and has scheduled a hearing for July 14 regarding a key amicus curiae brief.The plaintiffs in the case are an anonymous individual referred to as "Noah Doe" and two shell companies, who are seeking to claim ownership of these wallets under the New York State Abandoned Property Law. Attorney Ian R. Cohen submitted an amicus curiae brief opposing the plaintiffs' claims. He argues that the Abandoned Property Law is intended for tangible items, whereas blockchain addresses are always visible to the world; if the original owner was unable to withdraw assets due to a security breach, this constitutes a passive loss of access rather than a voluntary abandonment. (The Block)
Base lead: Base is striving to become the underlying network for global financial activities
Base lead Jesse Pollak introduced Base's latest development direction at the Coinbase System Update: Take Control conference held today. Base is committed to becoming a platform that supports global financial activities.Base announced support for tokenized stocks launched by Coinbase and introduced the B20 native token standard. The Base App will support Solana, Bitcoin, and multiple EVM networks, and will also launch a web version. Base introduced Base MCP, allowing AI Agents to perform on-chain activities such as transfers, transactions, swaps, and lending with user authorization.Base stated that it has processed over $19 trillion in stablecoin payment volume this year and supports more than 25 local currency stablecoins. Base has also launched private transactions and a new ledger architecture to meet corporate compliance and auditing requirements.
Coinbase Announces "System Upgrade," Introducing AI Advisor, Global Unified Liquidity, and Options Trading
Coinbase has announced its latest enterprise-level "System Update," unveiling a series of new products and infrastructure upgrades as it further expands its position as an "Everything Exchange," covering crypto assets, equities, options, perpetual contracts, prediction markets, token listings, and smart financial services.This update includes an SEC-registered AI investment advisor system, which has been integrated into the main Coinbase trading platform. Coinbase also announced the unification of global liquidity between its US and international platforms, encompassing spot crypto assets and derivatives trading, aimed at improving market depth and execution efficiency.On the consumer side, the Coinbase One Card has introduced new benefits. Users can stake between 500 and 5,000 USDC to qualify for the card and book travel through the Travel Portal, launched in partnership with Booking.com, to earn 5% Bitcoin cashback.Additionally, Coinbase highlighted several trading products recently launched or under development, including thematic stock indices, pre-IPO perpetual contracts, new features related to options trading, and an upgrade to its developer platform. Coinbase stated its goal is to become a one-stop application for users to conduct multi-asset trading and smart financial management.
Capital B is developing a Bitcoin-backed digital credit instrument for the European market.
According to The Block, Alexandre Laizet, Director of Capital B—a French-listed Bitcoin reserve company—said the company is developing a Bitcoin-backed digital credit instrument for the European market, modeled after Strategy’s STRC and Strive’s SATA.
FBI Announcement: Digital Assets Seized in Multiple Jurisdictions, Including BTC, ETH, USDT, and Other Cryptocurrencies
According to an official FBI notice, the Federal Bureau of Investigation issued a public announcement on June 16, 2026, stating that it had seized substantial assets across multiple U.S. judicial districts for violations of federal law. Seized assets include cash, vehicles, cryptocurrencies, jewelry, firearms, and electronic devices. The seized assets span a broad range, including: multiple large cash deposits and luxury goods—including Hermès and Chanel handbags and jewelry—in California; various cryptocurrencies—including Bitcoin and Ethereum—in Connecticut; over $460,000 in USDT stablecoins in Texas; nearly $500,000 in USDT in Indiana; and more than $1.1 million across multiple bank accounts held by CO EBikes LLC in Colorado.
Upbit to List SPX Pairs Against KRW, BTC, and USDT
According to the official announcement, Upbit will launch SPX trading pairs against KRW, BTC, and USDT.
Dubai’s VARA Releases Updated Anti-Money Laundering Guidelines, Requiring Crypto Firms to Integrate Real-Time Risk Controls Against FATF Blacklists
According to Bitcoin.com, the Dubai Virtual Assets Regulatory Authority (VARA) recently released an updated Anti-Money Laundering (AML) regulatory guidance, requiring cryptocurrency firms operating in Dubai to integrate FATF high-risk and blacklist country data into their risk-scoring models in real time—replacing the previous static compliance tracking mechanism. Under the new rules, firms must update their risk assessments at least once every three months, and immediately upon any material change to their operational structure or product offerings. Additionally, proliferation financing risks and targeted financial sanctions risks must be assessed separately and may not be broadly conflated with AML compliance. Firms are also required to formally document risks arising from AI-assisted operations and privacy-enhancing exchanges. VARA stated that compliance officers, senior management, and board members bear full responsibility for their company’s residual risk rating, signaling a regulatory shift from post-hoc enforcement toward proactive, systemic risk management.
Related news
Andrew Tate Liquidated Again, New Liquidation Price Drops to $64,824.44
According to on-chain analytics platform Lookonchain, Andrew Tate (@Cobratate) has again suffered a partial liquidation of his BTC position. His latest liquidation price has now dropped to $64,824.44.
A major whale closed its BTC short position after breaking even and then immediately liquidated the position, exiting with a small profit on an $11 million position.
According to Hyperinsight monitoring, a major BTC short whale today closed its position at breakeven immediately after BTC fell below its cost basis. Its prior position size was 175.3 BTC—approximately $11.37 million—with an exit price of $64,931, securing a modest profit of roughly $110,000.
10.11 Insider Whale Opens 366,423 UNI with 2x Long Position, Still Holds BTC and ZEC Longs
: According to Onchain Lens monitoring, the "10.11 Insider Whale" Garret Jin appears to be bullish on UNI, having opened a 2x long position on 366,423 UNI with the position still increasing, and continues to hold a 5x long position on BTC and a 2x long position on ZEC.
Hyperscale Data adds 4.62 BTC, total holdings reach 713.58 BTC
: BitcoinTreasuries.NET posted on X that publicly listed Bitcoin mining company Hyperscale Data (GPUS) has added 4.62 BTC, bringing its total holdings to 713.58 BTC, ranking 56th on the Bitcoin 100 list.
BlackRock’s Bitcoin Yield ETF Sparks Controversy: Strategy Design May Be Flawed, Potentially Underperforming BTC Over the Long Term
10x Research analysis indicates that BlackRock’s Bitcoin yield-enhancing exchange-traded fund (ETF), BITA, may suffer from strategic design flaws. Its approach—generating returns by selling call options—could cause investors to underperform spot Bitcoin in most market conditions or fail to achieve desirable absolute returns. 10x Research argues that BITA executes its call-selling strategy on a fixed monthly schedule, regardless of whether Bitcoin is rising, trading sideways, or falling—forcing investors into unfavorable trade-offs between income generation and upside potential. In contrast, 10x’s proposed framework emphasizes “timing and conditional execution,” capturing option premiums only when market conditions are favorable. Bitcoin’s high volatility stems primarily from information asymmetry among market participants and a heavily marketed environment. For years, many investors have attempted—largely unsuccessfully—to systematically capture this volatility-driven return.
Harvard University independent researcher Han Feng will be a guest speaker at Huobi’s “Industry Expert Lecture Series”: From H2A to A2A—Interpreting the Agent Economy and New Crypto Opportunities
According to an official social media announcement, Huobi’s “Influencer Lecture Hall” Season 3—titled “AI Agent Economy and New Crypto Opportunities”—will officially go live today at 7 p.m. Han Feng, an independent researcher at Harvard University, Corresponding Academician of the National Academy of Artificial Intelligence (NAAI) in the U.S., and Lifetime Member of the Bitcoin Foundation, has been invited to speak. His talk, titled “From H2A to A2A,” will explore emerging trends in the integration of AI and crypto amid the rise of the Agent Economy, and analyze opportunities presented by agent collaboration networks, on-chain economic systems, and the future digital society.