Coin360 Weekly Dispatch | Crypto Market Updates & Highlights | June 7 - June 13, 2026

Weekly Crypto Market Performance 

Period: June 7–June 13, 2026

Total crypto market cap: $2.16T

Crypto Fear & Greed Index: 13 (Extreme Fear)

BTC.D: 59.14%

Price Action 

Bitcoin and Ethereum rebounded during the week, with BTC up 4.09% and ETH up 5.68%, but the tone was still defensive rather than broadly risk-on. 

After the prior week's crash, the June 7–13 window was defined not by direction but by a tug-of-war between two live macro forces: US–Iran de-escalation optimism and persistent institutional ETF bleeding ahead of the June 16–17 Federal Reserve meeting. 

BTC climbed from $61,100 to above $63,400 on June 11, 2026 — a gain triggered in a single session after President Trump announced he had canceled planned strikes on Iran and indicated a peace deal could be signed as early as the weekend. But the recovery was front-loaded: Bitcoin traded above $63,000 on June 11, recovering from a $60,914 low as de-escalation hopes rose — though Trump said the US had "made a great deal" with Iran while Tehran did not confirm any agreement.

ETH outperformed BTC on the week, but both assets remained deeply negative on a 30-day basis, so the move looked more like a leverage-clearing rebound than a confirmed trend reversal. 

Market Structure 

Short liquidations helped power the early bounce, but US spot BTC ETFs still posted a $319.3 million net outflow from June 8–12, while ETH ETFs lost $14.8 million, according to Farside. 

Institutional selling through bitcoin ETFs has resulted in about $5.4 billion in net redemptions since the April inflation report, overshadowing Strategy's own $2 billion bitcoin accumulation. 

Over 50% of bitcoin's circulating supply is currently trading at a loss, historically indicating major bear market bottoms, according to K33. One year after crossing this 50% underwater mark, bitcoin has historically shown significant gains ranging from 69% to 359%.

Macro Context 

The week was dominated by these macro inputs: 

Geopolitical: Trump framed the Iran deal as "almost complete" on June 7 and signaled an announcement at the start of the new business week — language traders read as firmer than the ceasefire speculation that had circulated for months. Brent crude dropped 2% to approximately $86.50 per barrel on the Iran deal news — the most direct transmission mechanism to inflation expectations and Federal Reserve posture. Lower oil reduces headline CPI pressure, which softens the hawkish rate trajectory that has weighed on risk assets throughout 2026.

Monetary Policy: The Federal Reserve's June 2026 meeting is scheduled for June 16–17, with market expectations for a rate hold at 98%. While the rate decision itself may have little immediate price impact, Fed's guidance on future cuts for the remainder of 2026 and into 2027 is the key variable institutional capital is waiting on before recommitting to risk assets.

Capital Rotation — SpaceX IPO: SpaceX officially began trading on the Nasdaq on June 12, 2026, after pricing its initial public offering at $135 per share and raising $75 billion — making it the largest IPO in history. The stock opened at roughly $175, about 30% above the IPO price. SpaceX disclosed holdings of 18,712 BTC worth over $1.29 billion in its S-1 filing, making it one of the largest corporate Bitcoin treasuries among public companies. Crypto exchanges including Binance, Bybit, Kraken, and Robinhood offered tokenized SpaceX shares, pushing the tokenized equities market past $5.5 billion.

Cross-Asset Comparison 

BTC and ETH outperformed US equities for the week, beating the S&P 500’s -1.41%, the Dow’s -0.79%, and the Nasdaq’s -1.19%. 

Both gold and Bitcoin rebounded by over 3% initially on Iran peace news, with gold briefly breaking above $4,200 and Bitcoin surpassing $63,000. Prior to this, gold had tested the $4,000 mark, falling as low as $4,029. However, gold’s weekly performance is still underwater compared to Bitcoin with -2.38%.

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Corporate Treasuries and Bitcoin Finance

Strategy, Bitmine Add Crypto After Selloff 

Strategy bought 1,550 BTC for $101 million between June 1 and June 7, raising its total holdings to 845,256 BTC. The company also rebuilt cash reserves to $1 billion after previously reducing that buffer to repurchase debt. Bitmine added 126,971 ETH for roughly $207 million, lifting its Ether treasury to about 5.54 million ETH. As of June 7, 85% of Bitmine’s ETH holdings were staked, with annualized staking revenue projected at $230 million.

Metaplanet to Acquire Siiibo Securities in Bitcoin Product Push 

Metaplanet agreed to acquire Tokyo-based Siiibo Securities in a deal valued at about 2.1 billion yen, or roughly $13.1 million. Siiibo will become Metaplanet Securities after closing. The acquisition is tied to Project Nova, Metaplanet’s plan to build a Bitcoin-centric financial ecosystem in Japan. Siiibo’s Type I securities registration and online corporate bond platform are expected to support Bitcoin-related yield products for Japanese investors.

Bitcoin Treasury Firms Sell BTC to Manage Debt 

Fold sold roughly $45 million worth of BTC at an average price near $71,000, using $20 million to fully repay secured Bitcoin-backed debt and keeping $25 million as unrestricted cash. The company still held 192 BTC after the sale. Nakamoto sold roughly 600 BTC and related derivative positions to address a $45 million Kraken loan, generated $48 million in net proceeds, and restructured a remaining $165 million USDT loan into two tranches.

Institutional Blockchain, DeFi Credit, and Stablecoins

Digital Asset Raises $355M for Canton Expansion 

Digital Asset Holdings raised $355 million in a round led by a16z crypto. The capital is intended for partnerships, M&A and broader ecosystem expansion around Canton Network’s institutional blockchain infrastructure. The round included Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, Polychain, S&P Global, SBI Group and others. Many participants are also prospective Canton users and received equity rather than tokens.

Morpho Raises $175M to Expand DeFi Credit Network 

Morpho Association raised $175 million in a round co-led by Paradigm, a16z crypto and Ribbit Capital. The funding is intended to expand Morpho’s open blockchain-based credit network and deepen institutional use of DeFi lending infrastructure. Morpho enables isolated lending markets with custom risk parameters and curated lending vaults. Aave is presented as the closest benchmark, with roughly $12 billion in TVL versus Morpho’s near $6.6 billion across 37 chains.

Ethena Partners With Janus Henderson on USDe 

Ethena partnered with Janus Henderson across an ENA governance token investment, USDe treasury use and possible regulated investment products tied to USDe and ENA. The size, pricing and timing of Janus Henderson’s ENA investment were not disclosed. Janus Henderson plans to allocate into USDe and staked sUSDe for treasury cash management. Ethena’s USDe reserve portfolio will integrate Janus Henderson’s JAAA strategy, consisting of AAA-rated CLOs tokenized on Centrifuge, with a single-position cap of about $310 million.

Japan Megabanks Plan Joint Stablecoin Launch by March 2027 

MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation formed a council to develop a jointly issued stablecoin for live commercial transactions by the end of fiscal year 2026, placing the target before March 2027. The planned stablecoin is expected to use a trust agreement, with the three banks acting as joint settlors and a trust bank or similar institution serving as trustee. The project is positioned inside Japan’s regulated financial system.

Tokenized Securities and Market Access

Citi Launches Tokenized Private-Share Access 

Citi launched Digital Depositary Receipts, a blockchain-based private-market product giving wealthy and institutional investors exposure to private company shares. Investors hold bank-issued digital securities linked to private-company shares, not the underlying shares directly. The first publicized instrument is tied to Kaleido and is initially limited to offshore Regulation S transactions for non-U.S. persons. Citi acts as issuer and custodian, using regulated custody and settlement infrastructure rather than an open token market.

Tokenized Stocks Gain Ground as Crypto Listings Struggle 

Delphi Consulting found that 652 centralized exchange token listings from January 2025 through May 2026 had a 12% win rate and a median return of -82%. Kraken, Robinhood EU and Coinbase were cited as platforms expanding access to tokenized or fractional equity exposure. Tokenized stocks across platforms held $1.48 billion in distributed value as of June 1, up 39% over 30 days, with $4.2 billion in monthly transfer volume.

Privacy, Political Crypto and Network Security

Ethereum Developers Revisit Privacy With pERC-20 Token Proposal 

Ethereum developers are exploring pERC-20, also tracked as ERC-7605, as a privacy-native token standard. The proposal would hide balances, transfer amounts and counterparties while keeping total supply visible. pERC-20 would replace public balances with encrypted cryptographic notes and require zero-knowledge proofs for mint, burn and transfer operations. The draft includes cryptographic blacklisting, but one limitation remains: amounts are hidden while the public transfer graph is preserved.

Trump Crypto Ventures Generated $2.3B as Investor Losses Mounted, Reuters Finds 

Crypto ventures tied to President Donald Trump’s family generated about $2.3 billion in pretax income between November 2024 and April 2026, while outside investors absorbed an estimated $2.25 billion to $2.3 billion in losses across related tokens and public-market vehicles. World Liberty Financial, the TRUMP meme coin, AI Financial Corp. and American Bitcoin accounted for most of the identified gains and losses. One unresolved discrepancy involved ALT5’s reported WLFI purchase, listed as both $717 million and $1.5 billion.

Zcash Recovers After Vulnerability Fix as Ironwood Upgrade Approaches 

Zcash rebounded after developers disclosed a fix for a critical vulnerability in Orchard, part of the network’s shielded transaction system. Developers said there was no evidence the flaw had been exploited and no additional supply had entered circulation. The fix was completed before technical details were publicly disclosed. Attention then shifted to Zcash’s Ironwood upgrade, expected in late July, which is intended to strengthen long-term security, resilience and performance.

Humanity Protocol Says $36M Lost in Private-Key Exploit 

Humanity Protocol’s H token was hit by a coordinated Ethereum and BSC attack on June 8, with about $36 million stolen after private keys tied to a Humanity Foundation member were compromised. The exploit involved compromised Gnosis Safe keys and malicious contract upgrades. Attackers drained about 141.2 million H tokens and minted another 200,000,005 H tokens. H fell from $0.73132 to a Tuesday low of $0.079606 before recovering.

Syscoin Bridge Exploit Mints 5B Unauthorized SYS 

Syscoin paused its bridge after a transaction-proof validation flaw allowed roughly 5 billion unauthorized SYS tokens to be minted through the UTXO bridge path. No private keys were compromised, leaving the incident centered on proof verification. The unauthorized output was later split across two tainted addresses holding about 4 billion SYS and 1 billion SYS. Syscoin asked exchanges and ecosystem partners to blacklist tainted addresses or freeze related deposits while the bridge remained offline.

Yuga Labs Recovers 68 NFTs After Flooring Protocol Exploit 

Yuga Labs-affiliated developers recovered 68 NFTs worth more than $500,000 after an exploit targeted Flooring Protocol. The vulnerability could allow attackers to artificially inflate token balances and withdraw valuable NFTs from liquidity pools. The recovered assets included NFTs from Bored Ape Yacht Club, CryptoPunks, Mutant Apes, Azuki, Moonbirds, Doodles, Captains and Elementals. Yuga Labs is holding the NFTs until Flooring Protocol deploys a fix and establishes a secure return process.

Privacy-Coin Flows, Enterprise Blockchain and Market Controls

Monero Surges as Suspected $120M Laundering Trail Unfolds 

Monero rose sharply on June 12 after suspected laundering activity involving roughly $120 million in USDT pushed heavy buying into XMR. ZachXBT traced flows through Monero orders, KuCoin deposit addresses, instant exchanges and Near Intents. XMR moved from about $330 to $444 before retracing near $364. Tether blacklisted an address linked to the entity and froze 72,030,295 USDT, while the origin of the 120.2 million USDT remained unresolved.

LG Electronics Builds Blockchain Ad Platform With Arbitrum 

LG Electronics built a blockchain-based advertising platform with Arbitrum using a custom layer-2 network. The platform is designed to support digital ad placement, buying, selling and management while giving advertisers and publishers a shared database of ad inventory. LG completed a pilot with an unnamed Japanese advertising agency and is evaluating whether to bring the system to market later this year. The platform has not been described as commercially live at scale.

Sam Bankman-Fried Loses Appeal as 25-Year Sentence Stands 

Sam Bankman-Fried lost his federal appeal on June 12 after the 2nd U.S. Circuit Court of Appeals upheld his fraud conviction and 25-year prison sentence. The court rejected arguments that evidence about FTX’s solvency and customer recoverability should have changed the outcome. His presidential pardon request remains pending in Justice Department records. Further appeals remain possible, but the pending pardon request is his clearest remaining route out of prison.

MetaMask Launches AI Agent Wallet 

MetaMask launched Agent Wallet on June 8, introducing a self-custodial wallet designed for AI agents that trade and manage capital across Ethereum-compatible crypto markets. Supported activity includes swaps, perpetual futures, prediction markets and liquidity provisioning. The wallet includes transaction simulations, spending limits, protocol allowlists, threat scanning, MEV protection and two-factor approvals. Transactions deemed safe are covered by MetaMask’s Transaction Protection program up to $10,000, though the claims structure is not specified.

CFTC Targets Prediction Markets as Kalshi Tightens Trading Controls 

The CFTC proposed new prediction-market rules on June 10 while Kalshi introduced employment checks for traders in higher-risk markets. The proposal would clarify how federally regulated prediction-market contracts should be reviewed, with tighter scrutiny for contracts tied to terrorism, assassinations and war. Kalshi said employment verification is meant to identify traders with access to material nonpublic information. Its perps crossed $1 billion in volume one week after debut and before public launch.