YieldBento

CoinDesk news: Analysts point out that the factors driving Bitcoin’s rise include: 1) ETF stickiness—moderate. Real-time tests show $5.4 billion in outflows since the start of the year; this is the first time there have been net outflows in the first half. About 80% of the peak inflows survived a -54% drawdown. In the past 3 days, a reversal of $510 million occurred; $IBIT led on the second day. 2) Improved clarity—moderate (about 48–50%). Citigroup’s target price is $143k, Standard & Poor’s target price is $150k, both conditional on passing. 3) Deepening traditional finance as collateral—moderate, in upgrade mode. Morgan Stanley, Goldman Sachs, and Citigroup are all building Bitcoin ETF/custody/lending independently of clarity. 4) Sovereign allocation—low. Even the most crypto-friendly U.S. government in history still hasn’t been able to break through budget neutrality. 5) Post-quantum upgrade—low, long-term. In the short term, there is no pricing correlation.

CoinWorld news: AI evaluation agency Andon Labs has released real-world data on the operation of a physical café by its AI agent, Mona. In the first two months, Mona ran on the Gemini 3.1 Pro model, during which it had almost no concept of profit, made crazy excessive purchases of raw materials, arbitrarily gave large discounts, and even acknowledged a customer's claim of a 99% discount. This led to the café spending about $15k on supplier and equipment purchases, with sales of only $9,000, resulting in an operating net loss of nearly $6,000. Subsequently, the team switched the model to GPT-5.5, which showed clear anxiety when facing losses and stopped ordering blindly. However, because the order volume was too small, fresh raw materials ran out. As of June 25, the menu item availability rate had dropped to 77%, and 10 dishes were forced to be taken off the menu.

Coin World News, according to CoinDesk, ARK Invest purchased over $75 million in crypto-related stocks during the June crypto asset decline, including $44 million in Coinbase (COIN), $25.25 million in Circle Internet (CRCL), and $8.2 million in Bullish (BLSH). Circle's stock fell 40% in June to $62.63, and on June 30, due to the launch of the stablecoin Open USD (OUSD), it dropped another 18% in a single day. Coinbase closed June down about 20% at $146.19, while Bullish fell 27% to $23.43.

CoinWorld News: Google has restricted Meta's access to its Gemini model because Meta's request for AI computing power exceeded the available capacity, leading to delays in multiple internal AI projects and forcing Meta to impose quota management on AI token usage. According to the Financial Times, these restrictions prompted Meta to seek GPU capacity elsewhere, leading to a $30 billion infrastructure deal with Nebius.

Wu learned that CryptoQuant founder Ki Young Ju tweeted that he is unsure whether BTC has reached the cycle bottom. From a traditional cycle perspective, BTC currently does not seem close to the bottom; as the price approaches the cost basis of investors, the risk-reward ratio will significantly improve. Ki Young Ju stated that every major cycle has touched the realized price, and if this cycle does not, it may mean "this time is different."

CoinWorld News: Today, the largest liquidation on the HyperLiquid platform came from a highly leveraged ETH long whale. The address started going long yesterday, when the ETH price was around $1,661. Immediately after opening the position, it fell into a loss. Affected by the short-term decline of ETH in the early hours of today, falling below $1,600, the whale suffered four consecutive liquidations, with a total of 8,734 ETH forcibly liquidated, equivalent to approximately $14.11 million. Currently, the account funds are less than $150k, and all positions have been cleared.

CryptoWorld News reports that Franklin Templeton completed its acquisition of 250 Digital on June 22, 2026, in San Mateo, California, establishing a new digital asset management division—Franklin Crypto. This acquisition will deepen the asset management company’s presence in the digital assets space, integrating a crypto-native investment team with traditional distribution networks. Franklin Templeton said this acquisition adds 250 Digital’s investment team and liquidity-focused crypto strategies. As of May 31, 2026, the assets managed by the company reached $1.78 trillion, covering more than 35 countries. This acquisition shows that large asset management firms are more inclined to acquire specialized teams rather than build independently.

CoinWorld News reports that on-chain data analytics firm CryptoQuant recommends that Strategy pause its Bitcoin accumulation and prioritize rebuilding cash reserves. CryptoQuant’s research director, Julio Moreno, noted that as Strategy continues to issue STRC preferred shares for ongoing Bitcoin purchases, its annual dividend obligation has risen from about $300 million at the beginning of the year to approximately $1.2 billion, while cash reserves have fallen by 38% over the same period. The STRC dividend coverage period has also decreased from more than 7 years to about 14 months. Moreno believes Strategy should suspend buying Bitcoin until it restores its cash reserves and dividend coverage capacity, and establish a more systematic mechanism for purchasing Bitcoin. In addition, he advised the company to moderately sell part of its Bitcoin holdings during the next bull market to realize returns, reduce leverage, and replenish its cash reserves.

Crypto界网消息，Hong Kong Stock Exchange (HKEX) and Hong Kong Monetary Authority (HKMA) jointly announced that they have begun testing a wholesale central bank digital currency (e-HKD) for derivatives trading to expand the application of digital currency in financial infrastructure. The pilot will explore whether e-HKD can support margin prepayment during Hong Kong's non-trading hours (AHT) for the derivatives market. According to the proposal, clearing participants will be able to transfer margins using e-HKD outside of regular banking hours. HKEX and HKMA stated that this arrangement will strengthen risk management during non-trading hours while maintaining existing operational procedures. The plan aims to address the long-term limitations of the current system.

CoinWorld News reports that Kevin Warsh announced at his first Federal Reserve FOMC meeting that the federal funds rate would be maintained unchanged at 3.50% to 3.75% and that multiple internal reviews would be introduced. He provided no guidance on potential future rate cuts and confirmed that he had not submitted the latest dot plot forecasts. The meeting drew attention from financial markets, including cryptocurrency traders who are looking for clues about the direction of monetary policy. The Federal Reserve statement showed that economic activity continues to expand steadily, but inflation remains above the 2% target. Warsh also announced that five independent working groups would be established, focusing on inflation, communication, economic data, productivity, and the labor market.

CoinWorld News reports that Morgan Stanley predicts that the global issuance of AI-related bonds will approach $570 billion in 2026. By the end of May this year, about $236 billion in AI-related debt financing has already been issued worldwide. As tech companies’ spending in the AI sector continues to grow, debt financing has become an important source of funding. To diversify their financing channels beyond the U.S. dollar market, hyperscale cloud service providers have issued bonds; Alphabet and Amazon issued euro-denominated bonds in the European market.

The $BTC CVD indicator shows buying by purple whales.
They are slightly increasing their buying. The sell wall for $BTC still exists at 65k.

Crypto界网 news, in the past hour, the cryptocurrency market liquidation amount exceeded $500 million. The current BTC price is $61,100, ETH price is $1,620, BNB price is $570, XRP price is $1.10, and SOL price is $64.

Crypto World News reports that, according to an SBS news report, the Korea Financial Intelligence Unit has revised the amendment to the Enforcement Decree of the Act on Reporting and Using Specific Financial Transaction Information, canceling the mandatory reporting obligation for virtual asset transfers over 10 million Korean won and instead having exchanges manage risk on their own. At the same time, the scope of the travel rule has been expanded to cover all amounts, and the company will decide whether to carry out enhanced authentication for high-risk transactions. In addition, other adjustments include a one-year grace period for the conditions for reporting small business debt-to-liability ratios, and anti-money-laundering equipment may use overseas cloud services.

Wu Shuo learned that according to the Federal Election Commission (FEC) documents, the crypto political action committee Fairshake affiliated organization Protect Progress has allocated over $3.1 million in media spending in Maryland's 5th Congressional District to support Democratic candidate Adrian Boafo. The primary election in this district is expected to be held on June 23. Additionally, according to FEC documents, Protect Progress has recently spent about $3 million in congressional primaries in California, New Jersey, and other states to support Democratic candidates.

> Original Title: “Jensen Huang and Marvell CEO Hold a Talk on Stage: The Future of AI Is Not About Raw Compute—It’s About Connectivity; ‘If You Can Use Copper, Use Copper. If You Must Use Light, Use Light’!”
> Original Author: Dong Jing, Wall Street Insights


As AI models move toward the era of large-scale “intelligent agents (Agent),” the bottleneck in data center computing power is gradually shifting to “connectivity.” An underlying infrastructure revolution spanning from copper cabling to fiber optics is being fully unleashed.


On the second day of the Computex Taipei conference in China, Marvell Chairman and CEO Matt Murphy delivered a keynote address, covering AI custom chips, optical communications, and data center interconnects.


NVIDIA CEO Jensen Huang made a surprise appearance as a special guest, with the two of them standing side by side on AI compute power and network interconnection…