DepegDaydream

Summary of key points: The US SEC plans to approve stock tokenization trading and pilot digital asset models; the US Senate promotes the CLARITY Act to define non-custodial developer responsibilities; Hong Kong's e-HKD conducts 24/7 derivative margin testing; CZ proposes freezing Satoshi Nakamoto's reserves to prevent quantum theft; CFTC Chair paves the way for Hyperliquid and other on-chain markets to enter the US; Hester Peirce emphasizes that self-custody and financial privacy should form the basis of regulation; Bitwise states that Bitcoin is undervalued compared to AI stock valuations, with the Federal Reserve leaning hawkish to suppress short-term growth; researchers say that in 2026, AAVE lending interest may not be the main source of revenue; the Philippines Securities Commission supports asset tokenization and expands the regulatory sandbox; CZ states that prediction markets help discover prices, and Hyperliquid verifies new demand.

Crypto界 news: Michael Saylor said that Bitcoin does not need staking, inflation, or protocol-based rewards to generate returns for investors. In a post on X dated June 16, he outlined a five-layer digital-asset architecture built around Bitcoin, emphasizing that Bitcoin should remain scarce, neutral, and immutable, while the capital markets should develop tools around it. Saylor’s framework places Bitcoin in the base layer, with digital credit, digital currency, digital yield, and digital equity on top. He noted that returns should come from capital-structure design, rather than adding new supply or changing Bitcoin’s rules. Saylor believes this digital-asset architecture will not weaken Bitcoin’s core principles.

CryptoWorld News reports that, according to Onchain Lens monitoring, a newly created wallet withdrew 573,000 HYPE tokens from Coinbase; based on the real-time price, its value is approximately $39.88 million.

K33 states that recent sell-offs have caused over 50% of circulating BTC to be at an unrealized loss, with the last transaction price of over 10 million BTC above the current price. BTC falling below $60k and the 200-week moving average suggests that around $60,000 may be a cycle low, but historical data still shows room for further decline. Loss-making supply has increased from about 30% to over 50%, a level commonly seen at bear market bottoms. Global BTC ETF weekly outflows are approximately 22.84k BTC, with daily averages of 4,108 BTC, nearly ten times the issuance volume. The retracement is about 53%, and past major corrections often last a year, wiping out 76%-85%. It is recommended to be patient and invest without leverage, as bottoms often face sell-offs before recovery.

I think the most likely scenario is that BTC chops sideways for the next few months.
As much as I'd love to see $BTC V-shape recover, that's not something we've historically seen before.
In previous bear market cycles, the market has typically spent time consolidating and ranging before a true trend reversal takes hold.
So, pumps are likely shallow for now. Take that into consideration.

CryptoWorld News reports that Movement has announced its transformation into an independent Layer 1 blockchain, aiming to provide stablecoin settlement infrastructure for emerging markets. Move Industries' new CEO Torab Torabi stated that the company has gained access to compliant payment networks in the United States, Canada, and the European Union through collaboration with regulatory agencies, and has established partnerships with Circle, Kast, Sorted, Oro, Yuzu Money, and Zoth. Additionally, Avant Protocol has chosen the Movement Network as the infrastructure platform for its revenue and fund management products.

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Original Author: Paul Veradittakit, Partner at Pantera Capital
Original Compiled by: Saoirse, Foresight News
Content Summary
AI and blockchain are converging into practical integration around four major pillars: payment and settlement, identity systems, open networks, and resource aggregation. Commercialized projects have been launched across all four tracks, and Pantera-backed companies have a presence in all areas.
The two share inherently complementary underlying logic: AI represents virtually unlimited supply (vast content, infinite intelligent agents), while blockchain embodies scarce ownership attributes (verifiable rights, on-chain-native settlement). The former is responsible for generating content and services, while the latter completes ownership verification and value settlement.
There is currently a clear mismatch in market valuation: the valuations of ten leading AI companies tracked by Pantera compared with the valuations of crypto assets show a discrepancy.

Crypto界 News, Pro Chip Distribution Data shows that in the past week, BTC chip structure has been changing, shifting from a three-peak to a single-peak pattern, with the two most concentrated trading prices at $76,831.36 and $73,530.79, respectively, and the dense trading zones are gradually moving downward. The change in chip pattern indicates that the market has experienced sufficient turnover during this period, and a new cost structure is forming. $73,530.79 will serve as a key resistance zone in the near term.

Crypto World News reports that the ASTER short position has reduced by 792,860 ZEC, approximately $532,257.03 USD, with a current holding value of $2,129,502.43 USD, an average price of $0.70 USD, and a current profit and loss of +$90,159.09 USD (+12.70%). The current price of the coin is $0.67 USD, and the liquidation price is $4.80 USD. This address shorted ZEC starting at $184 USD, once experiencing an unrealized loss of $21 million, later turning profitable, and recently becoming the largest long position in the S&P 500, with a scale exceeding $70 million USD.

CryptoWorld News: DeFi protocol Radiant announced that following a hacker attack in October 2024, it is unable to continue development. It will gradually stop operations and switch to maintenance mode. The frontend interface and on-chain smart contracts will remain available. Users can withdraw funds, repay, and manage positions, but the project will stop developing new features and expansions. Users need to manage risks themselves and gradually exit their positions.

Crypto World News reports that well-known trader Loracle's HYPE short position has an unrealized loss of $3,319,316.56, with an unrealized loss ratio of 147.00%. The average entry price for this short is $45.51, the current price is $64.46, the liquidation price is $91.19, and the position size is $112,905,495.07.

CryptoWorld News reports that XBIT DEX stated that Alaska Senator Dan Sullivan is currently facing a challenge from a second person named Dan Sullivan, who is running for Senate.