PaperSculptureOctopusPosition

Crypto news: On the daily chart, Ethereum (ETH) has formed a double-bottom pattern, suggesting that the price will break through to $2,163. The current bottom support level is $1,510. ETH has already broken above the neckline resistance at $1,842, gaining 6.88% over the past 24 hours. This rally was boosted by the launch of Ethereum Systems (ethsystems) and positive reaction to inflation data that came in below expectations. According to veteran chart analyst Aksel Kibar’s analysis, the pattern’s target price is $2,163, reflecting ongoing bullish sentiment in the market.

According to TRM Labs, OFAC sanctioned FirstVPN, administrator Dmytro Rashevskyi, and Belarusian crypto obfuscation service provider Yevgeniy Silayev, accusing them of providing anonymous networks and obfuscation tools for ransomware attacks targeting U.S. businesses, hospitals, and government agencies, and published 20 related crypto addresses. On-chain tracking shows that groups such as Anubis and Qilin had previously paid FirstVPN, indicating the focus is on infrastructure providers rather than a single ransomware gang.

Bitjie news: As the world’s third-largest automaker, Hyundai Motor has launched a stablecoin-based cross-border internal remittance system on the Avalanche blockchain, becoming the first Korean company to achieve this kind of application. Justin Kim, head of Avalanche Labs for the Asia Pacific region, said this is not only a technology experiment, but a real financial management use case. In the first phase, the system involves transferring $20,000 from Hyundai Motor America to the Mexican company by converting USD into Tether’s USDT stablecoin, and then converting back to USD. The project plans to expand to more cross-border payment corridors and currencies. The second pilot will be launched later this month at Hyundai Motor’s European subsidiary, testing local currency transfers and assessing the costs of foreign exchange conversions.

In a message from Bije.com, MicroStrategy founder Michael Saylor said, “If you truly believe, Bitcoin is the best investment opportunity for the future.” He pointed out, “The current market pricing is based on the belief that Bitcoin will not exist in the next decade.” He also mentioned, “Back in 2010, I believed Apple and Amazon would not disappear, and I think Bitcoin is the same.”

Wu learned that PumpFun announced that, based on community feedback, the multiple issuance options recently added to the platform have led to user distraction and unnecessary competition. Therefore, effective immediately, the Tokenized Agent issuance feature will be discontinued. This feature will no longer support new token issuances, but existing tokens that have already enabled this feature will not be affected. PumpFun stated that in the future, it will focus on issuance models that can significantly improve the retail trading experience.

CoinWorld News: MSTR's stock fell more than 5% in pre-market trading after strategically abandoning its "never sell Bitcoin" policy. Previously, the company's stock had risen over 12% after announcing a new capital management framework. The new plan allows the company to sell Bitcoin to fund dividends, interest payments, cash reserves, and stock buybacks. Despite an initially positive investor reaction, the latest decline indicates the market remains cautious, especially when Bitcoin is trading near $60k. MSTR currently holds nearly 850k Bitcoins, and due to the continuous decline in Bitcoin prices over the past two quarters, the company has accumulated unrealized losses exceeding $32 billion.

Western Digital (WDC) rose 11.86% in a single day, closing at $654.68, easing the pressure from short squeeze on-chain whales. Previously, it shorted the entire storage chain with 10x leverage at an average price of $642.35, with a position of approximately $6.71 million, liquidation line at $673.41, only 2.9% away from the current price. Large short positions amount to about $6.7 million, 2.66 times the long positions. In terms of analysis, Melius initiated with a Buy and a target of $1,050; Cantor Fitzgerald maintained a Buy with a target of $900, with recent quarterly revenue up 45% year-over-year.

Grayscale Research Director Zach Pandl said that Bitcoin fell below $60k this week, down more than 50% from its $125k high last December, a cyclical correction within a longer-term uptrend. It was dragged down by expectations of Fed rate hikes, uncertainty around the Clarity Act, pressure from Strategy, and quantum security risks. If the Clarity Act is passed and Strategy is strengthened, and if the Fed pauses rate hikes, it is likely already near the bottom; if it is not passed, deleveraging intensifies and, with rate hikes due to inflation, prices will likely keep falling.

CoinWorld News reported that Investinglive analysts pointed out that Iran has warned that ships passing through the Strait of Hormuz must coordinate with the Islamic Revolutionary Guard Corps, escalating its tough stance on transit issues, which could push up tanker freight rates and the risk premium on crude oil prices. Iran warned that vessels using unauthorized routes without permission will be punished, providing a legal basis for the navy to intercept, board, and seize them. Mandatory coordination on Channel 16 essentially gives Tehran control over transit information and consent rights. For the energy market, this is either a response to future alternative route plans or a preemptive move to assert sovereignty. In any case, it is bearish for supply security but bullish for oil prices in the short term.

CryptoWorld News: The Hong Kong Securities and Futures Commission has listed Aurum/Aurum Foundation as a suspicious virtual asset trading platform, claiming that it is registered in Hong Kong under the Companies Ordinance but has not obtained a license from the Hong Kong Securities and Futures Commission and is suspected of operating without a license.

Florida man Rodney Burton (online name Bitcoin Rodney) admits to involvement in the HyperFund scam. Prosecutors say he conspired to promote the scheme from June 2020 to January 2022, profiting at least $7.8 million, controlling multiple companies and assisting in promoting to investors, suspected of embezzling investor funds. HyperFund is accused of being a global scam, promising daily returns of 0.5%-1%. Sentencing is scheduled for July 23, with a maximum of five years in prison.

CryptoWorld News reports that Iranian media say the Iranian Revolutionary Guard launched missile attacks on U.S. bases in Jordan.

CryptoWorld News: Circle's cirBTC is now live on Ethereum, bringing 1:1 BTC-backed collateral to the institutional DeFi market.

Wu says he learned from edgeX’s Twitter post that the first batch of USDC goodwill compensation for eligible users affected by the June 2 incident has been completed. The compensation is for users who, between 04:50 and 06:00 (UTC+8) on June 2, 2026, had their EDGE long positions on edgeX Perp V1 or V2 liquidated or had their stop-loss triggered, resulting in realized losses, and who have submitted Discord tickets. Each user’s compensation has an upper limit of the equivalent of 100,000 USDC, with 50% paid in USDC, and the remaining 50% to be paid in EDGE tokens in the first week of April 2027.

Crypto界网消息，whale在HyperLiquid平台增持ZEC多单3,289.68枚，约合2,539,628.22美元。当前持仓规模为7,099,197.36美元，均价从412.51美元调整至400.13美元，当前盈亏为-906,232.43美元，亏损比例为-63.83%。当前ZEC币价为354.83美元，清算价为0美元。该whale同时涉足加密货币、美股及大宗交易，整体规模超过70M美元，显示出其在市场中的主导地位。