according to CryptoQuant data, the Bitcoin market is currently experiencing a severe depletion of new capital inflows. The amount held by short-term holders has decreased from 5.3 million Bitcoins on May 27 to the current 4.5 million Bitcoins, a reduction of about 800,000 coins. At the same time, the Bitcoin demand momentum indicator has dropped to a historical low level of -2 million coins, indicating a significant decrease in market interest from new investors. This data, compared to the current high price of around $100,000, reflects that the market may face short-term adjustment pressure.

according to Cointelegraph, the Norwegian company K33 has successfully raised 185 million Swedish kronor and plans to use it to increase its holdings of Bitcoin in its treasury.

according to a report by Economic Daily, Animoca Brands plans to establish a joint venture with Standard Chartered Bank and Hong Kong Telecom to prepare for the issuance of a stablecoin pegged to the Hong Kong dollar.The President of Animoca Brands stated in an interview that stablecoins will be widely used in the virtual asset trading, cross-border trade, and financial settlement within the gaming ecosystem, helping domestic asset trading move towards internationalization. He believes that Hong Kong needs to continue to strengthen its regulation of stablecoins, promote the development of the digital asset and asset tokenization industry, and hopes to cooperate with mainland institutions in the application of blockchain technology.

Lookonchain monitoring shows that the on-chain address 0xb8b9 has won all 29 consecutive long trades, with a total profit of over 2.3 million US dollars. Recently betting on BTC, ETH, SOL and LINK, but current position is already at a loss of over 2 million US dollars.

Bitwise CEO Hunter Horsley stated in a post on X platform, "I do not believe that Bitcoin's competitor will ultimately be gold. They (Bitcoin and gold) are both apolitical stores of value. Gold has lower volatility, while Bitcoin has higher volatility. Investors seeking apolitical stores of value will like both. On the contrary, I believe that Bitcoin's competitors will ultimately be U.S. Treasury bonds and other government bonds (such as UK gilt-edged bonds): these are the ultimate political stores of value."

June 20th, according to Securities Times website, recently, during the 6·18 promotion period, Pop Mart replenished a large amount of the popular Labubu series, causing a sharp drop in prices in the second-hand market. According to data from the trendy trading platform "Qiandao", the transaction price of Labubu 3.0 whole box has dropped by 45%, with the trading price falling to the range of 650-800 yuan; the hidden style "Ego" price has dropped from 4607 yuan to 2851 yuan, a drop of over 38%.Affected by this news, the scalping market has seen panic selling, and the scalping business that relied on grabbing software to hoard goods and mark up prices by 10-30 times has been severely hit. In addition, the meme coin with the same name plummeted by over 30% in a single day, with a market value dropping to 28 million. Today, Pop Mart (09992.HK) continued to decline, opening down by 12.2%.

Binance will settle multiple U-based and coin-based quarterly futures contracts on June 27 and will launch a new batch of quarterly futures contracts.

 according to market information, the Hong Kong stock Bubble Mart fell more than 5.15% today, with a stock price of 235.8 Hong Kong dollars, a drop of about 16.8% from its historical high.

 spot gold fell below $3350 per ounce, down 0.62% intraday.

according to @pandajackson42 data panel, Binance Alpha trading volume slightly rebounded on June 19, reaching $698 million, compared to $691 million on June 18. Among them, AB trading volume was $339 million, BR trading volume was $183 million, and KOGE trading volume was $44.1 million, ranking at the forefront.

according to the on-chain analysis platform Lookonchain, a trader with a 100% win rate currently holds long positions in BTC, ETH, SOL, and LINK. In the past month, he has made 29 long trades, all profitable, with a total profit exceeding $2.3 million. However, his current position has now shrunk by over $2 million.

Odaily Planet Daily According to the data panel produced by Panda Jackson at Dune, the Binance Alpha trading volume slightly rebounded on June 19, reaching $698 million, compared to $691 million on June 18. Among them, AB trading volume was $339 million, BR trading volume was $183 million, and KOGE trading volume was $44.1 million, ranking at the forefront.

according to market information, JD.com's Hong Kong stocks fell for the third consecutive day in the morning, with a current decline of 0.56%, and the stock price was 124 Hong Kong dollars.

 Economic Observer published an article "How to Break the Deadlock of Offshore Renminbi Stablecoin in Hong Kong", pointing out that the implementation of the Hong Kong Stablecoin Regulations in August may indicate that the trial of offshore Renminbi (CNH) stablecoin is approaching. Referring to the experience of the Renminbi business pilot in 2003, the implementation of CNH stablecoin can be promoted in three stages:

South Korean digital asset exchange Upbit announced that due to cooperation bank system maintenance, the registration and cancellation services for Korean won accounts will be suspended from 23:50 on June 24, 2025 to 00:40 on June 25 (approximately 50 minutes).During the maintenance period, other trading functions will operate normally, and the specific resumption time may be adjusted according to the actual situation.

when Hong Kong Financial Secretary and Treasury Secretary Christopher Hui attended the Lujiazui Forum in Shanghai and was asked about the possibility of stablecoins being pegged to the RMB, he pointed out that from the perspective of Hong Kong regulations, this possibility is not ruled out. The law allows stablecoins to be pegged to different legal currencies, but pegging to the RMB must consider the country's exchange rate and monetary policy, and requires a comprehensive assessment of the risks and benefits involved.

 on June 20th, according to the official website of Jump Crypto, the institution announced a fresh start, emphasizing its core contributions in projects such as Pyth, Wormhole, Firedancer, DoubleZero, and demonstrating its "construction driven by transactions" strategic logic. Jump stated that it will focus on both infrastructure and policy making, submitting a comment letter to the US SEC for the first time, calling for reforms in digital asset regulation. The official stated that the current policy and technical environment resonate, making it the "best time to reshape the financial market infrastructure".

Tether CEO Paolo Ardoino recently announced that in response to the massive data leak of 16 billion passwords, the Tether team is developing an open-source password manager called PearPass. The core concept of PearPass is complete localization and no need for cloud or server.

conflict between Israel and Iran continues, Israel has repeatedly called on US President Trump to join the military strike against Iran. However, recently, heavyweight supporters of Trump have expressed a "anti-war" stance, emphasizing that Trump had promised not to involve the US in foreign conflicts during his campaign. White House press secretary Levitt said on June 19th local time that President Trump "will decide in the next two weeks whether the United States will intervene in the conflict between Israel and Iran." Levitt quoted Trump as telling reporters, Trump said "Given the high likelihood of negotiations with Iran in the near future, I will decide whether to intervene in the next two weeks."

Bitwise CEO Hunter Horsley wrote on the X platform that in the past, "regulatory uncertainty" was the biggest obstacle for investors in Bitcoin. By 2025, the situation is completely different, which is a huge change, but the impact on the market has not yet fully manifested.