News linked to both this project and an event.
Odaily Odaily News Rodney "Bitcoin Rodney" Burton, a resident of Miami, Florida, has pleaded guilty in federal court to participating in a cryptocurrency fraud scheme related to HyperFund, which involved approximately $1.8 billion.According to federal prosecutors in Maryland, Burton admitted to "conspiracy to operate an unlicensed money transmitting business." He participated in promoting this Ponzi-structured project between June 2020 and January 2022, profiting approximately $7.85 million.Law enforcement authorities indicated that HyperFund attracted investors with promises of high returns of "0.5% to 1% daily," but there was no actual cryptocurrency mining or sustainable source of revenue. The funds essentially came from new investors, representing a typical Ponzi scheme structure. The platform began restricting withdrawals in 2021.The U.S. Department of Justice stated that the project raised funds from investors worldwide and was used for promotion and fund transfers during its operation, constituting a large-scale跨境 wire fraud network.Burton faces a maximum of 5 years in federal prison, with sentencing scheduled for July 23. Law enforcement agencies stated that the case was jointly investigated by the IRS Criminal Investigation Division and Homeland Security Investigations. (U.S. Department of Justice)
well-known trader Ansem posted on X: "Bitcoin is at a pretty significant point right now, retesting the key weekly resistance level around $65,000 - $66,000. I'm not looking to go long here at the moment because I think there are other better long candidates, but if Bitcoin can close its weekly (or daily) candle above this resistance, it will likely retest $72,000 next — I'm personally leaning towards this scenario. If I'm wrong and we see the price weaken and break below $63,800, then I will turn bearish, and it could potentially retest $60,000. If the market actually gives an opportunity (for example, a stop loss/failure point above a low-timeframe consolidation zone before the breakdown), I will take that short. The Fed's FOMC meeting at 2:30 PM today (early tomorrow morning Beijing time) could influence the next direction."
According to Lookonchain monitoring, US Bitcoin spot ETFs saw a net outflow of 1,543 BTC today, approximately $100.59 million; the 7-day net outflow stands at 3,315 BTC, approximately $216.1 million. Ethereum spot ETFs saw a net inflow of 9,361 ETH, approximately $16.44 million; the 7-day net outflow stands at 35,822 ETH, approximately $62.9 million.
Bitcoin continues to face pressure amid macroeconomic uncertainty and institutional wait-and-see sentiment, hovering around $64,500, down approximately 2% on the day. The market is awaiting the outcome of the Fed FOMC meeting, which will be chaired by Kevin Warsh for the first time, with widespread expectations that interest rates will remain unchanged in the 3.50%–3.75% range.Analysts point out that the focus of this meeting has shifted from "whether to cut rates" to "policy path and inflation signals." Current US inflation is believed to remain near three-year highs, with energy prices and geopolitical developments keeping the market cautious about the future policy direction.Pressure is also emerging simultaneously on the chain and institutional levels. Structural concerns surrounding Strategy (formerly MicroStrategy) continue to escalate, with its preferred stock STRC falling to $91.79 on June 16, over 8% below its $100 par value, seen as a sign of weakening corporate Bitcoin buying power.Although spot Bitcoin ETFs recorded net inflows of approximately $10.1 million on June 16, with BlackRock's IBIT contributing the majority, the capital scale remains significantly lower than in previous periods, indicating limited buying momentum.Market research firms Bitfinex and QCP note that the recent Bitcoin rebound appears more like a "technical recovery driven by exhausted selling pressure" rather than being fueled by new demand. In the derivatives market, rising implied volatility in options and a skew towards put protection suggest traders are pricing in tail risks.In terms of price structure, Bitcoin is considered to be oscillating in the short term within the $60,000 to $68,000 range. If the Fed signals a hawkish stance or institutional buying weakens further, a pullback to the $62,000–$63,000 range is possible.Overall, the current market presents a combination of "macro wait-and-see, marginal institutional weakening, and heightened derivatives defense." The short-term direction still depends on FOMC policy signals and the potential return of ETF and corporate capital flows. (The Block)
Odaily Odaily News According to on-chain analyst EmberCN's monitoring, 15 minutes ago, the Royal Government of Bhutan address transferred 533.2 BTC ($34.52 million) to Binance. Since June last year, they have sold approximately 10,451 BTC for $979 million over the course of one year, at an average price of $93,738. They still hold about 1,750 BTC ($113 million).
as SpaceX is poised to be included in several major index systems, passive investors may be forced to hold the stock, thereby taking on significantly increased portfolio volatility risk. Multiple index providers (including CRSP, Nasdaq, FTSE Russell, and MSCI) have already adjusted their rules to accommodate SpaceX's inclusion in large-cap indices.Analysis points out that with SpaceX's current implied volatility approaching 120%—approximately three times that of Bitcoin-related ETFs (such as IBIT)—it will become one of the most volatile components of the S&P 500 and Nasdaq 100. Industry insiders state that once large ETFs (such as the Vanguard Growth Index Fund) passively gain exposure to SpaceX, it will significantly elevate the overall volatility level of the indices, sparking debate over "passive investors being forced to assume high-risk assets."However, some believe that as it enters the index system, sustained passive fund inflows and market-making mechanisms could, in the medium to long term, reduce its extreme volatility and enhance liquidity stability. (CNBC)
According to The Block, K33’s latest report states that Bitcoin rebounded approximately 6% last week after two consecutive weeks of sharp declines, currently hovering near $65,000. The report notes that as of June 6, only 218,400 bitcoins—dormant for over two years—were reactivated in 2026, significantly lower than同期 levels over the past two years, indicating weak on-chain selling pressure.
crypto research firm K33 stated the Bitcoin supply held by long-term holders has reached an all-time high, indicating the bear market may be approaching its end. K33 noted a clear downturn in the reactivation of old coins in 2026. As of June 6, only 218,421 Bitcoins had been reactivated, showing significantly reduced on-chain selling pressure. In contrast, 1.18 million Bitcoins had been reactivated during the same period in 2024. K33 believes the decline in old coin activity suggests long-term holders have a reduced willingness to sell, with patient participants continuing to absorb the supply. (The Block)
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.
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.
: 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.
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.
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.
: 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."
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.
According to Galaxy Research (@glxyresearch), a Bitcoin address that had remained dormant since October 15, 2014—over 11.7 years—transferred funds at 02:07 AM Beijing Time (UTC 18:07) on June 16, in block 953816. A total of 100.50 BTC—worth approximately $6.59 million—was moved.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $64.84 million yesterday. Grayscale’s GBTC alone saw a single-day outflow of $124 million, dragging down overall performance; BlackRock’s IBIT posted the strongest inflow at $66.45 million, followed by Morgan Stanley’s MSBT ($9.35 million) and Grayscale’s Mini BTC ($10.6 million); Fidelity’s FBTC recorded an outflow of $8.69 million, VanEck’s HODL $6.13 million, Ark Invest’s ARKB $6.63 million, and Franklin Templeton’s EZBC $5.78 million.
According to on-chain analyst Ai Yi's monitoring, a screenshot from "Set 10 Big Goals First" @Jason60704294 shows a short order of 160.372 BTC placed at an opening price of $66,550, worth approximately $10.67 million. The community speculates that a sell order of 605.73 BTC at the same price was also placed by the same entity; if confirmed, the total position size would be $40.31 million. The order has not yet been filled.
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.
According to on-chain analyst Onchain Lens (@OnchainLens), Bitcoin mining company MARA Holdings has purchased 1,000 BTC from crypto liquidity platform FalconX, for a total value of approximately $66.7 million.