🚀 SBI Holdings acquires Japanese crypto exchange Bitbank for $288.6 million Japanese financial conglomerate SBI Holdings has officially signed an agreement to acquire the local cryptocurrency exchange Bitbank. The deal value is 46.7 billion yen (approximately $288.6 million). This move will make SBI the largest crypto operator in Japan by assets under management.
💎The Ethereum Foundation has announced a reorganization of its structure and a reduction of about 20% of its staff.
The organization stated that these changes are aimed at increasing operational efficiency and focusing resources on key areas of ETH ecosystem development.
For those holding, hold tight, the coins are getting stronger. The rebranding and migration of the Galxe (GAL) token to the new Gravity (G) coin took place in the summer of 2024. The main goal of these changes is to unify the ecosystem and launch its own high-performance L1 blockchain, Gravity.
While the crypto market is either stagnant or looking down, the Gravity (G) coin is demonstrating real miracles of timing and hype. Over the past 24 hours, its rate has increased by almost 23%, reaching $0.00321. But the most interesting thing is the trading volumes, which have soared by a cosmic 2,782% (to $69.75 million)! What exactly ignited this movement?
🧩 Main growth drivers The effect of “whales” on social networks: A well-known analyst included the token in the list of accumulation by large players. Retail investors instantly picked up on this narrative, creating a frenzied demand. Fuel from Binance: Immediately after the start of the hype, Gravity entered the top coins in terms of growth rate (15-minute timeframe) on Binance Spot. This has attracted an army of traders who trade with the trend.
❗️ It is important to understand: The current rally is entirely built on emotions, speculation and social interest, and not on fundamental project updates.❗️
📊 Where will the price go? Short-term forecast The trend currently remains bullish, but the risks due to market emotionality are maximum.
📈 Growth scenario: If the price confidently consolidates above the support of $0.0028, we will see a retest of the local maximum of $0.0035. A breakdown of this level will open the way to $0.0040. 📉 Pullback scenario: A fall below $0.0028 and a sharp decrease in trading volumes (less than $20 million) will mean the fading of interest. In this case, a quick pullback to $0.0025 is possible, as speculators will start to massively lock in profits.
ZRO (LayerZero): According to the Incrypted crypto events calendar, on June 20th there will be an unlock of 2.36% of the total ZRO coin supply. Large unlocks often trigger sharp price movements: initially, the price might dip due to fear of selling pressure, but then it could bounce back dramatically ('shoot up') if capital starts to buy the dip.
🪙Ethereum hit a record usage level in Q1 2026, according to Token Terminal data.
📈The number of monthly active users surged to 13.2 million (+53.5% quarter-over-quarter), and transaction volume increased to 200.4 million (+38% quarter-over-quarter). $ETH
🧐 The authorities in Kentucky have filed lawsuits against Kalshi, Polymarket, and their affiliated companies, accusing them of operating unlicensed betting and gambling platforms. ⚖️ The Attorney General of Kentucky, Russell Coleman, has filed three separate lawsuits: one against Kalshi and its partners, including Coinbase, another against Polymarket and its associated entities, and a third against the online casino operator VGW.
Key takeaways from Kevin Warsh's talk: 🔴Inflation is significantly above the 2% target. 🔴Fed officials are very open to changes. 🔴Our goal is to fine-tune monetary policy. 🔴The current Fed policy is already tight. 🔴Warsh declined to comment on any contacts with Trump. 🔴The Fed has officially abandoned the practice of "forward guidance" — pre-signals to the market about future rate decisions. 🔴I can’t give you any hints about what we will do next; everything will be significantly reassessed now. 🔴We have some changes ahead, and they may be worth a press conference.
🚨 THE ERA OF EMPTY HYPE IS OVER: CRYPTOQUANT FOUNDER OUTLINES NEW RULES FOR ALTS The crypto market no longer needs empty promises. The founder of the analytical platform CryptoQuant has officially stated that the era of altcoins, which thrived solely on good narratives and endless token issuance, has come to an end. The industry is gradually transforming into a mature and regulated business. Now, the key factors are real business models, net income, and active users, rather than just speculative hype around a coin. The long-term potential and chances for survival remain only in three categories of projects: Ecosystem tokens of large internet platforms with an established audience (for example, BNB and TON). DeFi protocols with real revenue and products, such as Hyperliquid. Projects aligned with global trends: stablecoins, RWA (tokenization of real assets), and AI infrastructure. 👇 Do you fully agree with the market's cleanup from shitcoins, or do you believe that the crowd will still buy up the next empty meme coins this fall? $TON $BNB $HYPE
🔔 Follow the profile! We break down the hard fundamental market math and whale actions daily. #CryptoQuant #Altseason #DeFi #RWA #TON #BNB #Hyperliquid
🚀 After SpaceX's IPO, Elon Musk became a trillionaire. His net worth exceeded $1.3 trillion, which is more than Bitcoin's market cap.
💵 Even if Musk lost $1 trillion, he'd still be the richest person in the world. Meanwhile, a $1 increase in SpaceX's stock adds approximately $6.4 billion to his wealth.
📈 Earlier in the pre-market, SpaceX's shares hit a new record, reaching $210 per share. For comparison, the IPO starting price was around $135, and on the very first trading day, the quotes exceeded $176.
🔥 SpaceX's IPO was one of the loudest events of the year, and the company's growth once again highlighted Elon Musk's influence on global financial markets.
❗️Today marks the first press conference with Fed Chair Kevin Warsh at the FOMC at 20:30 European time, with investors on the lookout for hints about inflation, rates, liquidity, and the broader economic outlook.
🏛️Expectations around future monetary policy. 📉Trajectory of interest rates. 💰Risk appetite in stocks, crypto, and bonds. 🌎Global market sentiment.
History shows that a single phrase from the Fed Chair can shift trillions of dollars in the financial markets.
🇪🇺 Binance has reacted to rumors about exiting Europe
The Binance exchange has stated that it remains committed to the European market and will continue operations in the EU, despite the uncertainty surrounding the MiCA licensing.
Binance emphasized that they applied for the license a few months ago and are still collaborating with regulators. The company expects to receive approval and promised to provide new details by June 30.
Additionally, Binance noted that any delays in licensing could negatively impact not just the exchange itself, but the European crypto market as a whole—reducing competition, liquidity, and choices for users. $BNB