Bitfire Group: Weak institutional demand in the United States, Bitcoin may continue to be under pressure and fluctuate in the short term

The South Korean financial regulatory authorities have issued risk warnings regarding the overheating of the stock market and speculative sentiment, warning against leveraged and reverse products tied to stocks such as SK Hynix and Samsung Electronics. They have also expressed concerns about the rising balance of margin trading and securities lending, and are exploring taxation on unrealized gains from stocks.

The Federal Bureau of Investigation (FBI) reminds victims of OneCoin fraud that they can apply for compensation through the Department of Justice (DOJ) before June 30th. This process applies to individuals who purchased OneCoin between 2014 and 2019 and suffered direct economic losses. Victims can submit their applications through mail, email, or online forms, but submitting the application does not guarantee compensation. The Department of Justice (DOJ) stated that OneCoin's global investors have suffered losses totaling over $4 billion.

Coinbase CEO Brian Armstrong stated that the company has reduced AI spending by nearly half by switching the default AI model to open source models such as GLM 5.2 and Kimi 2.7, and combining intelligent model routing and cache optimization with token usage growth.

[Bitcoin UTXO Data Indicates Capitulation Selling, BTC Price Once Dropped to $59,800] According to a report by Cointelegraph, CryptoQuant analyst Darkfost stated that Bitcoin's UTXO profit and loss spent output ratio has fallen to the lowest level of this cycle, reflecting the onset of capitulation selling. The last time this indicator dropped to such a low level was mid-2023, when BTC's price fell to around $26,000. Analyst DurdenBTC noted that this bottom signal has captured every cycle low since 2016. Swissblock indicated that Bitcoin is in a bottom-building phase. Market uncertainty has risen due to U.S. military strikes on Iranian targets over the weekend. BTC's price briefly dropped to $59,800 early Sunday morning but has since recovered to the $60,100 level at the time of writing.

Bolivia announced its decoupling from the US dollar after maintaining a 15 year peg, with an implied depreciation of 30% in its currency. （Cointelegraph）