🇮🇳 India is facing a growing stablecoin supply crunch.

• Shortage of USDT and other stablecoins has pushed the USDT premium above 8.5%.

• Higher premiums are making crypto purchases more expensive and reducing market liquidity.

📊 Bitcoin may be showing early signs of a bottoming phase.

• BTC is showing its first meaningful signs of internal market reset.

• While conditions are improving, more market stress may still be needed before a full reversal.

Crypto News | Today's Key Updates 🚨

📰 BitMine says Strategy's larger Bitcoin reserve strengthens MSTR during BTC drawdowns. ↳ Source

📰 Bybit will gradually limit some services for EEA users while maintaining access to their assets. ↳ Source

📰 Strategy sold $1.2B in MSTR last week without buying more Bitcoin, retaining 847,363 BTC. ↳ Source

📰 TRUMP: Iran has requested a meeting. It will take place tomorrow in Doha. ↳ Source

📰 Saylor has approved the sale of up to $1.25B of BTC to fund Strategy’s USD Reserve. ↳ Source

📰 Ukraine transfers $8.3M in seized USDT to state management amid crypto reserve plans. ↳ Source

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📉 Lack of fresh capital continues to weigh on the market.

• Low sidelined liquidity suggests limited buying power for a sustained rally.

• Any near-term bounce may be a technical rebound rather than a true trend reversal.

A major whale appears to be rotating capital from HYPE into ETH.

• The a16z-linked whale deposited 77,402 $HYPE worth $5.18M into exchanges.

• At the same time, it withdrew 485 $ETH worth $782K, signaling a shift toward Ethereum.

🇺🇸 Trump is doubling down on his pro-Bitcoin stance.

• He reaffirmed his goal of making the U.S. the Bitcoin superpower and global crypto capital.

• Key initiatives include a Strategic Bitcoin Reserve and a more crypto-friendly regulatory framework.

Crypto News | Today's Key Updates 🚨

📰 Nasdaq selects Pyth to bring TotalView market data onchain. ↳ Source

📰 Today marks the final day before the EU’s MiCA deadline, with 244 crypto firms authorized across the EEA. ↳ Source

📰 OKX launches OKX AI, a marketplace for autonomous AI agents. ↳ Source

📰 Australia's crypto Travel Rule takes effect July 1 for all transfers. ↳ Source

📰 UK FCA finalizes crypto rules, requiring licensing by February 2027. ↳ Source

📰 Visa, Stripe, Mastercard, BlackRock, and Coinbase back the new OUSD stablecoin. ↳ Source

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⚠️ FOMO into celebrity coins can get expensive fast.

• One trader spent $50K USDC to buy 2.47M $TJR at the top.

• After "TJR Trades" said on livestream it wasn’t his coin, $TJR crashed.

• The trader exited with just $4.8K, losing roughly $45K in only 10 hours.

Solana ecosystem growth continues to accelerate.

• Solana now hosts over 1,000 apps and processes more than 100M transactions daily.

• "Circle" has minted another 1B $USDC on Solana, signaling rising stablecoin demand and network activity.

U.S. liquidity just saw a major expansion.

• U.S. M2 money supply reached a record $23.1T in May.

• It surged by $247.8B, marking the biggest monthly increase since 2021.

Crypto News | Today's Key Updates 🚨

📰 Citi cuts its 12-month Bitcoin price target to $82,000 from $112,000. ↳ Source

📰 Taiwan passes a crypto law establishing rules for exchanges and stablecoin issuers. ↳ Source

📰 Elon Musk says short-term market dips are normal and AI-driven productivity will keep the long-term trend higher. ↳ Source

📰 U.S. M2 money supply hit a record $23.1T in May, marking its biggest monthly increase since 2021. ↳ Source

📰 $4 Billion has been Minted on Solana today. ↳ Source

📰 Trump's 2025 disclosure shows over $1.4B in crypto income, led by World Liberty Financial and TRUMP coin sales. ↳ Source

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📉 CeFi lending has posted its first contraction since Q3 2024.

• Total market size fell 6% QoQ to $23.3B.

• Tether still dominates with 68% market share despite a 7% pullback.

• "Nexo", "Maple", and "Coinbase" were the only major lenders to grow.

Ethereum is making a stronger push into institutional adoption.

• Ethereum Institutional has launched to accelerate institutional finance onchain.

• The nonprofit is backed by BitMine, SharpLink, and Joe Lubin.

🇮🇳 Maharashtra has taken a major step in crypto regulation.

• It became the first Indian state to legally recognize cryptocurrency as recoverable property.

• Authorities can now seize, liquidate, and return crypto assets linked to financial fraud.

Crypto News | Today's Key Updates 🚨

📰 Binance officially enters the Philippine market through a regulatory sandbox. ↳ Source

📰 President Trump says Micron Technology will invest $250M into Trump Accounts. ↳ Source

📰 Robinhood says it set a Guinness World Record for the most items purchased by an AI agent in 3 minutes. ↳ Source

📰 Fed Chair Kevin Warsh says inflation remains “too high”. ↳ Source

📰 Ethereum Institutional launches to help bring institutional finance onchain. ↳ Source

📰 Robinhood launches Robinhood chain layer 2 mainnet, per report. ↳ Source

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📉 Bitcoin is testing a key support zone as exchange inflows rise.

• BTC is hovering near $60K while exchange deposits flash warning signs.

• BTC, ETH, and altcoin inflows have surged, signaling rising sell-side pressure.

• Whale activity appears to be leading the move.

📉 Altcoin sell pressure has dropped to a new multi-year low.

• The cumulative buy/sell volume difference for altcoins (excluding BTC & ETH) has hit a fresh 5-year extreme.

• Persistent selling pressure suggests altcoins remain under heavy distribution.

📉 "BlackRock" is seeing sustained Bitcoin outflows.

• BlackRock has recorded 10 consecutive trading days of net BTC outflows.

• Total outflows have reached 35,980 BTC, worth around $2.24B.

Crypto News | Today's Key Updates 🚨

📰 ESMA adds 37 firms, bringing MiCA-authorized crypto providers to 280. ↳ Source

📰 TRON launches quantum-resistant signature support on its testnet. ↳ Source

📰 Hong Kong launches a gold clearing and settlement system next week. ↳ Source

📰 Canada unveils plans for a new oil pipeline to Asia, reducing reliance on the U.S. market. ↳ Source

📰 First major U.S. law enforcement group publicly endorses the CLARITY Act. ↳ Source

📰 RBI backs crypto “containment” and keeps a potential ban on the table. ↳ Source

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TradFi perpetual trading on crypto exchanges is growing rapidly.

• One exchange processed $53.8B in TradFi equity perps last month, capturing 80% of the market.

• "Binance" led the surge with SpaceX perps, now the most-traded TradFi contract on any crypto exchange.

• Pre-IPO exposure is becoming more accessible with 24/7 trading and no traditional broker needed.

⚡ AI’s hidden water cost may be much bigger than reported.

• AI data centers could be using far more water depending on how they’re powered.

• "Meta" is the only major tech firm reporting both direct and indirect water usage.

• "Microsoft", "Google", and "Amazon" mainly disclose data center water use only.