CandleWickPoet

Wu Shuo learned that Grayscale’s Head of Research, Zach Pandl, released a report stating that the global stock market tokenization process has begun. It will bring users conveniences such as 24/7 trading, and the evolution of equity tokenization can be summarized into three stages: the first stage is the third-party “wrapping” model, which currently accounts for over 70% of market capitalization and mainly operates on chains such as Ethereum and Solana; the second stage is the “equity” model represented by the DTCC pilot, using regulated post-trade infrastructure; the third stage is the “issuer-initiated” model, which has the greatest long-term potential, where companies issue securities natively on-chain. Last week, Securitize became the first NYSE-listed company to achieve this. Grayscale believes that the three models will coexist for many years to come.

CoinWorld News, according to Reuters, Citi has lowered its 12-month Bitcoin price forecast from $112k to $82k, citing a reversal in crypto ETF inflows to negative.

CryptoWorld News: HYPE long positions’ unrealized profit has expanded to $45.15 million, with a rise of 229.14%. The current average price of HYPE is $38.68; the current coin price is $71.39; the liquidation price is $55.42; and the position size is $98.52 million. This address went heavily long on HYPE before it was listed on Robinhood and is now the largest HYPE long holder, having previously suffered a large unrealized loss.

CryptoWorld News reports that Wu has learned that California AB 2285, the “Digital Financial Asset Banking Act,” has advanced to the state Senate review stage. The bill proposes to establish a regulatory framework for banks and credit unions and requires relevant institutions to conduct annual audits. At the same time, the bill would specify that staking rewards do not fall under the securities defined in the “1968 Corporate Securities Act.” According to the latest developments, on June 18 the bill was completed for its first reading in the Senate and submitted to the Rules Committee.

CryptoWorld News reports that OnchainLens has said Garret Jin has sold all 184,102 $HYPE , receiving $13.54 million USDC, at a price of $73.58, for a profit of about $2.83 million. Currently, Garret still holds a 5x leveraged $BTC long position, facing a loss of $13.2 million, and also holds a 2x leveraged $ZEC long position, with a profit of about $3.29 million.

CoinEx News: Coinbase calls on the U.S. Congress to eliminate taxes on Bitcoin payments, recommending lawmakers create a tax exemption for small cryptocurrency purchases (including BTC).

CryptoWorld News reports that, according to Iranian media on the 10th, sources within the Iranian military stated that during Iran's retaliatory actions against U.S. forces on that day, 70% of the planned targets were successfully hit. The sources said that Iran's armed forces' long-range ballistic missiles and drones broke through U.S. military base defenses, hitting the scheduled targets at the U.S. military base in Azrak, Jordan, the Ali Salim U.S. military base in Kuwait, and the Fifth Fleet of the U.S. Navy in Bahrain. (Xinhua News Agency).

CryptoWorld News: Israel Defense Forces: On the 8th, the Israeli army carried out airstrikes in the southern Gaza Strip, killing two armed commanders of the Palestinian Islamic Jihad organization (Jihad).

Biejie News: The UK government said that E3 leaders condemned Russia’s large-scale missile and drone attacks on Ukrainian cities, including the repeated use of the Oleshnik missile. The leaders emphasized that there is an urgent need to expand the production scale of interceptors, and to jointly develop missile defense capabilities and deep-strike capabilities. The leaders also discussed how to best coordinate further support for Ukraine through the G7 summit, the next meeting of the Willing Volunteers Alliance, and the NATO summit.

𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐄𝐓𝐅𝐬 𝐅𝐀𝐂𝐄 𝐌𝐀𝐒𝐒𝐈𝐕𝐄 𝐎𝐔𝐓𝐅𝐋𝐎𝐖𝐒 🚨🩸
🔶 $BTC institutional demand is showing weakness as Spot Bitcoin ETFs record one of their biggest weekly exits.
🔶 More than $1.7 BILLION moved out of Bitcoin ETFs in a single week, marking a major shift in short-term market sentiment.
💎 𝐖𝐡𝐚𝐭 𝐓𝐡𝐞 𝐃𝐚𝐭𝐚 𝐈𝐬 𝐒𝐡𝐨𝐰𝐢𝐧𝐠
🔸 4 consecutive weeks of ETF outflows
🔸 Capital rotation away from Bitcoin exposure
🔸 Institutional buying pressure temporarily cooling down
🔸 ETF flows turning into a key factor behind recent BTC weakness
⚠️ 𝐌𝐀𝐑𝐊𝐄𝐓 𝐒𝐈𝐆𝐍𝐀𝐋
When ETF demand slows, Bitcoin loses one of its strongest liquidity engines.
But extreme outflow periods can also create important market reset zones when selling pressure gets exhausted.
📊 Watch ETF flows closely — the return of strong inflows could become the next major reversal signal.
#BTC $BTC ‌

Wu Shuo learned that the Turkish Presidential Communications Directorate announced that they have registered the official ENS domain name cbiletisim.eth for decentralized identity, and published official publications to IPFS, then referenced through ENS names to support public verification and access on the blockchain. The official stated that this initiative aims to enhance the verifiability and transparency of public publications; ENS officials also said this is the first step for the Turkish Presidential Communications Directorate to establish an official on-chain identity.

CoinWorld News: According to the pro’s main-force large order list, the total trading data for BTC and ETH main force over the past 24 hours is as follows. BTC cumulative trading volume was $1.297 billion, including $590 million in buys, $708 million in sells, and a trade gap of -$118 million. ETH cumulative trading volume was $871 million, including $469 million in buys, $403 million in sells, and a trade gap of $66,080.07 thousand. The latest data shows that the main force still has arrangements at key price levels: BTC net pending order gap is $3.109 billion, and ETH net pending order gap is $2.769 billion. The main force’s pending orders may be withdrawn or executed at any time. The data is for reference only and does not constitute any investment advice.

$1.76 BILLION has been liquidated from the crypto market in 24 hours
$1.51 BILLION of it in longs
Everyone thought the bottom was in and it just got worse

CoinWorld News, Ma Ji Huang Licheng reduced his long ETH position by 716 units on the HyperLiquid platform, approximately $1,343,887.60.
The current position size is $2,833,142.40, with the average price decreasing from $1,866.87 to $1,861.71, and the current profit and loss is -$115,812.49 (-102.19%).
The current ETH price is $1,788.60, and the liquidation price is $1,782.47.
This trader previously profited from blue-chip NFTs but has experienced massive drawdowns since October, with funds shrinking from over a hundred million to several hundred thousand dollars.