(22/52) Weekly Market Insight | June Week 2 | New-Low in 2026

Headline News: New-Low in 2026

• Bitcoin’s price once plummeted 20% to sub-$60,000, reaching a 20-month low and triggering over $7 billion in market liquidations last week, the highest volume since last October. Spot Bitcoin ETFs seeing a record-breaking four consecutive weeks of billion-dollar net outflows, totaling roughly $5.4 billion. Market sentiment was further dampened by Strategy’s liquidation of 32 BTC, its first sale since 2022, to fund an STRC dividend payout. Driven by these converging factors, the Crypto Fear and Greed index has dropped to extreme fear 12.

Macro-Outlook: A Resiliance Labor Market

• The conflict between the United States and Iran remains a highly volatile standoff. Over the past week, the US shot down two Iranian drones threatening the Strait. Additionally, the IRGC fired several missiles at US bases in Bahrain and Kuwait, all of which were intercepted. Diplomatic talks, currently mediated by Pakistan, have hit a stalemate. WTI crude oil once surged from $88 to $97, and later retraced to near $90 range.
• Israel conducted an airstrike on Hezbollah targets in Dahiyeh, Iran responded by launching retaliation strikes toward northern Israel. By early Monday, Israel hit Iran with more counter-strikes. As a result, WTI crude oil futures opened at $93 on Monday.
• US ISM manufacturing PMI climbed to 54 in May, marking a four-year high and continuing a five-month expansionary trend. US ISM services PMI rose to 54.5 in May, marking a resilient expansion in the dominant services sector and exceeding market expectations of 53.8.
• US Nonfarm Payrolls jumped by 172,000 in May, marking a blowout recovery in labor demand and overwhelmingly exceeding market expectations of 85,000. Besides, unemployment rate held steady at 4.3% in May, marking a stable labor equilibrium and exactly matching market expectations of 4.3%. US JOLTS job openings climbed to 7.6 million in April, marking an unexpected and sharp rebound from an upwardly revised 6.9 million in March.
• The resilience PMI and job market significantly reduced the downside risks of the labor market, enabling the Fed to hike rates to address the high inflation risk introduced by elevated energy prices. The probabilities of rate hikes increased from 45.2% to 78.4%.

The Upcoming Economic Calendar includes,

• Wednesday, June 10, 8:30pm: US Inflation Rate in May
• Thursday, June 11, 8:30pm: US PPI in May

Weekly-Cryptos-Overview: Convergency of TradFi and CeFi

• Binance introduced direct trading of stocks and ETFs, expanding its platform to blend traditional assets with crypto rails and planned to launch tokenized stock (bStocks) on BNB Chain this week.
• The SEC is developing a framework for the listing and trading of tokenized securities under the principle of “Innovation Without Arbitrage,” while coordinating with the CFTC on derivatives rules including perpetual futures to prevent regulatory arbitrage.
• MoneyGram launched MGUSD, its native USD stablecoin issued on Stellar (built with Bridge, M0, and Fireblocks infrastructure), now live in the US to power its global remittance network.
• CME Group launched 24/7 trading for its crypto futures (dated contracts, not perpetuals) and options.
• Kalshi launched Bitcoin Perpetuals, described as the first regulated American perpetual future, with zero trading fees for a limited time.

Layer 1 and Layer 2s

• Tempo announced that Deel’s new stablecoin wallet with DLUSD dollar-backed balances, rewards, and spend cards for global contractors is now live exclusively on Tempo.
• Plasma launched live USD, EUR, MXN, and BRL bank offramps for Plasma One, enabling seamless movement of funds between the platform and traditional bank accounts.

Dapps

• Ethena partnered with Coinbase to expand onchain finance and savings products to Coinbase’s userbase, while Coinbase Ventures made open-market purchases of ENA.
• Limitless, community-driven prediction market, launched user-generated markets, allowing anyone to select assets/outcomes and create markets while earning a share of trading fees.
• Aerodrome introduced Predictive Allocation, a new DeFi primitive designed for more responsive capital formation, higher revenue potential, and efficient rewards distribution across onchain liquidity pools.
• Exponent, yield exchange on Solana, launched v2 with a hybrid liquidity engine (onchain interest-rate order book + active Rate CLMM), Strategy Vaults, and risk-tranching swaps with OnRe for principal protection.
• BL Labs launched BharatLiquid, a fully FIU-registered, compliant on-ramp/off-ramp for Indian users to access Hyperliquid perpetual markets directly in INR with on-chain proof and rupees in/out.
• LI.FI Protocol, a leading cross-chain aggregator, introduced LI.FI Intents, enabling gasless flows, 1:1 stablecoin swaps, compliant execution and more.
• Jupiter launched Jupiter Forecast, Solana’s first fully native prediction market, allowing Prop AMMs to quote into markets for better prices and execution.
• Pump.fun launched GO, a bounty platform where anyone can create or complete bounties for any task with rewards paid in escrow, with Pump.fun reviewing submissions.

Governance and Upcoming Alpha

• Zcash found vulnerability enabled potential counterfeiting. While patched, privacy features prevent supply verification. The proposed Ironwood upgrade creates a new shielded pool, blocking old outputs to restore total supply auditability and consensus-rule verification.
• Robinhood teased “a new era of crypto is on the horizon” with a scheduled reveal or launch event on July 1.
• Ondo Perps announced the launch of perpetual futures on US stocks, ETFs, and commodities on June 9.
• The TON ecosystem announced the rebranding of its native token from TON to Gram (network name unchanged), with wallets, infrastructure, and apps updating over the next three weeks.
• SpaceX IPO will be launched on June 12. The existing Pre-IPO contracts are traded at approximately $1.7 trillion in market value.
• The FIFA World Cup will be kicked off on June 11.

Token Unlock

• FHE token unlocks on June 10, representing 7.09% of the token supply.
• HOME token unlocks on June 10, representing 23% of the token supply.
• BB token unlocks on June 13, representing 10.9% of the token supply.
• ZKC token unlocks on June 15, representing 5.16% of the token supply.
• VANA token unlocks on June 16, representing 19.9% of the token supply.
• KAT token unlocks on June 18, representing 11.8% of the token supply.
• ZRO token unlocks on June 20, representing 10.2% of the token supply.
• KAITO token unlocks on June 20, representing 7.29% of the token supply.
• LISTA token unlocks on June 20, representing 8.71% of the token supply.
• AVNT token unlocks on June 23, representing 7.22% of the token supply.
• H token unlocks on June 25, representing 14.8% of the token supply.
• XPL token unlocks on June 25, representing 4.94% of the token supply.
• TAKE token unlocks on June 25, representing 7.15% of the token supply.
• SAHARA token unlocks on June 26, representing 30.9% of the token supply.
• WCT token unlocks on June 26, representing 9.01% of the token supply.