Bitcoin (BTC) has pulled back from this week’s high, and as of June 16 it is temporarily around $66,280. The U.S. Congress plans to rebuild the Department of Justice’s Crypto Crime Working Group to coordinate efforts to combat related theft and fraud. Nasdaq has confirmed that Bitwise Bitcoin premium yield ETF BITA will be listed on June 16.
Macro Events & Crypto Market Hotspots
1、According to a report by CryptoSlate, the U.S. Congress is pushing to rebuild the Department of Justice’s Crypto Crime Working Group. Previously, in April 2025, the Department of Justice disbanded the National Cryptocurrency Enforcement Team and stopped the “enforcement instead of regulation” strategy toward the crypto industry. The new bill is proposed by Rep. Lance Gooden and Rep. Josh Gottheimer. It would set up a federal crypto currency theft working group within the Department of Justice, responsible for coordinating investigations and prosecutions of cases involving crypto asset theft, hacker attacks, fraud, and more.
The working group’s duties include establishing best practices for evidence collection, digital evidence analysis, asset tracing, and victim coordination; providing technical assistance and training to state and local law enforcement agencies; and coordinating international cross-border case cooperation. The bill clearly excludes the crypto currency market, financial institutions, and financial products from the working group’s regulatory scope, without changing the existing regulatory framework and criminal law. An FBI report shows that in 2025, there were 181,565 crypto-related complaints, with reported losses of over $11 billion. The bill has not yet clarified details such as funding, staffing, and victim response mechanisms.
2、Bloomberg ETF analyst Eric Balchunas posted on X, saying that Nasdaq has confirmed that Bitwise’s iShares Bitcoin premium yield ETF (ticker: BITA) will be listed on June 16 local time. The ETF targets an annualized yield of 15-25% and also gives investors at least 70% of Bitcoin’s upside gains.
News Highlights
1、Musk’s wealth grows nearly $140 billion in a single day, with total net worth exceeding $1.11 trillion
2、U.S. Congress plans to rebuild the Department of Justice’s crypto crime working group to coordinate crackdowns on related theft and fraud
3、Bitcoin mining firm Mara buys 1,000 BTC from FalconX, worth $66.7 million
4、U.S. CFTC Chair clarifies four major misconceptions about perpetual futures contracts
5、Bitcoin Policy UK CEO: Michael Saylor’s risk description of promoting STRC is “dishonest”
6、Nasdaq has confirmed Bitwise’s Bitcoin premium yield ETF BITA will be listed on June 16
7、Standard Chartered Bank: Uniswap’s UNI token could rise 40x to $100 by 2030
8、Hyperliquid’s SPCX perpetual contract’s trading volume on SpaceX on its first day reaches $1.4 billion
9、Thetanuts Finance was attacked, losing $2.1 million; about $2 million is suspected to have been recovered by a white-hat hacker
Market Performance
1、Bitcoin latest update: <a data-currency='BTC' href='/trade/BTC_USDT'>$BTC pulled back from this week’s high, temporarily around $66,280. In the past 24 hours, $110 million was liquidated, with longs being the main target;
2、The U.S. and Iran announced they reached a peace agreement, causing crude oil prices to fall sharply and lifting other major U.S. stock indexes. The Dow Jones Industrial Average and the Philadelphia Semiconductor Index also closed on June 15 at historical highs. The Dow Jones Industrial Average rose 468.77 points or 0.92%, closing at 51,671.03. The S&P 500 rose 122.83 points or 1.65%, closing at 7,554.29. The Nasdaq index rose 795.10 points or 3.07%, closing at 26,683.94. The Philadelphia Semiconductor Index rose 728.15 points or 5.45%, closing at 14,099.62.
(Source: Gate)
3、In the Gate BTC/USDT liquidation map, taking the current 66,261.30 USDT as the reference: if it drops to around $65,822, the cumulative liquidation amount for long positions exceeds $207 million; if it rises to around $67,155, the cumulative liquidation amount for short positions exceeds $154 million. The liquidation amount for shorts is lower than for longs, so it’s recommended to manage leverage levels reasonably to avoid triggering large-scale liquidations amid market moves.
(Source: Coinglass)
4、Within the past 24 hours, BTC spot inflows were $8.71 billion, outflows were $8.83 billion, and net outflows were $120 million.
(Source: Coinglass)
5、Within the past 24 hours, contract net outflows led for $ETH, $BTC, $SOL, $ZEC, <a data-currency='SPCX' href='/futures/USDT/SPCX_USDT'>$SPCX , etc., presenting trading opportunities.
Selected X KOL Views
Phyrex Ni (@Phyrex_Ni): “At this time yesterday, I was still marveling at how Israel was stirring things up, still marveling that Trump said the Sunday contract signing couldn’t happen, and I really believed what Iran said—that it wouldn’t sign a contract on Sunday. As it turns out this time, Trump was right. Although judging from the list of points Iran released, the U.S. was actually quite passive and it was also tied to war reparations, but judging from Trump’s attitude, it seems he didn’t acknowledge that Iran’s published agreement is the final one.”
“However, the problem isn’t big. Trump’s point is that after the contract is signed on Friday, all terms will be released—so we’ll see then. In fact, for most investors, the details of the agreement aren’t that important; as long as this agreement can fully open the Strait of Hormuz, that’s all that matters. I think Trump understands this as well: only with the Strait of Hormuz opened can the U.S. exit high inflation as quickly as possible.”
“After all, there are less than five months until the midterm elections. At present, it still seems very difficult for Republicans to control both chambers, and Trump’s approval rating is also continuously declining. So for Trump, ending the war between the U.S. and Iran as soon as possible frees up time to think about ways to stimulate the market. Therefore, in any case, unless on Friday the peace treaty cannot be signed normally, this U.S.-Iran matter is basically over.”
“For risk markets, this is good news. By today, both the S&P and Nasdaq futures have already returned to new highs, and I guess during the week the two indexes can also break above new highs again. The probability of Bitcoin returning to $70,000 is still quite high. Of course, the key thing is also to watch the Fed’s policy meeting early Thursday morning. This meeting has too many focal points: on one hand, you have to see Waller’s attitude; on the other hand, you have to see the dot plot.”
“For now, I’m not worried about $BTC ’s price. Unfortunately, this time there’s also trading oil around $60,000. Bitcoin is only doing a dual-currency play. Now it looks like the probability of getting in is quite low. It’s also pretty annoying.”
Today’s Preview
1、China May total retail sales of consumer goods (YoY), prior value 0.2%
2、China May industrial production above designated size (YoY), prior value 4.10%
3、Australia RBA cash rate, prior value 4.35%
4、Germany June ZEW economic sentiment index, prior value -10.2
5、U.S. May housing starts (annualized MoM), prior value -2.8%
6、Australia RBA releases interest rate decision
7、RBA Governor Philip Lowe holds a press conference on monetary policy
8、Japan BOJ Deputy Governor Shinichi Uchida holds a press conference on monetary policy
9、Japan BOJ releases interest rate decision
