| Bitcoin Recovers Following Shaky Iran-Israel Ceasefire Bitcoin briefly dropped below $98,500 for the first time in 45 days but quickly recovered above $106,000. Despite $193M in long position liquidations, the $68B futures open interest remained steady, signaling investor confidence. An 8% drop in Bitcoin hashrate raised concerns about Middle East unrest, though analysts say it's likely unrelated. Similar dips have occurred due to weather events, like April’s storms in Texas. Macroeconomic trends also favor Bitcoin: oil prices fell, the S&P 500 rose, and rate cut expectations grew. Markets now see a 53% chance of Fed rates dropping below 3.75% by year-end.
Arthur Britto Breaks Decade Long Silence XRP surged over 8%, from $1.97 to $2.20, after Ripple co-founder Arthur Britto broke a 13-year silence with a cryptic emoji post on X. The rare appearance triggered speculation and excitement across the XRP community. Known for avoiding the spotlight, Britto hasn’t posted since 2011. His emoji, depicting silence, fueled investor curiosity. Ripple CTO David Schwartz confirmed the post was legitimate. While part of the rally may be tied to broader market optimism, the timing suggests Britto’s sudden online activity played a key role in XRP’s spike.
Tether Freezes $12.3 Million On Tron Tether froze $12.3 million in USDT on the Tron blockchain on June 15th, likely due to suspected sanctions or AML violations. The freeze reflects Tether's ongoing efforts to assist law enforcement and align with international regulations, including U.S. OFAC mandates. This move follows previous high-profile freezes, such as $27 million on sanctioned Russian exchange Garantex, and is part of a broader crackdown involving the T3 Financial Crimes Unit, Tron, and TRM Labs. Tether has also targeted North Korea's Lazarus Group, freezing hundreds of thousands in suspected stolen crypto. While critics argue that such actions compromise decentralization, supporters highlight their role in preventing financial crime.
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