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On June 17, Bloomberg reported that Tarek Mansour, co-founder of the prediction market platform Kalshi, stated plans to expand its perpetual contract business beyond digital assets. The company is in discussions with regulators to add more contracts for other asset classes. Its perpetual contract products were launched only two weeks ago, and the total trading volume has exceeded $5.5 billion. Kalshi currently offers 11 perpetual contracts, all linked to cryptocurrency tokens.

[Kalshi Co-Founder: Plans to Expand Perpetual Contract Business Beyond Digital Assets, in Talks with Regulators]On June 17, Bloomberg reported that Tarek Mansour, co-founder of the prediction market platform Kalshi, stated plans to expand its perpetual contract business beyond digital assets. The company is in discussions with regulators to add more contracts for other asset classes. Its perpetual contract products were launched only two weeks ago, and the total trading volume has exceeded $5.5 billion. Kalshi currently offers 11 perpetual contracts, all linked to cryptocurrency tokens.

Kalshi Co-Founder: Plans to Expand Perpetual Contract Business Beyond Digital Assets, in Talks with Regulators

On June 17, according to on-chain data analyst Murphy, the current market should focus not on the 'Bitcoin spot trading volume' itself, but rather on the 'relative spot trading volume' (i.e., spot trading volume / 30-day average). This indicator measures the relative level of market activity but does not provide a clear directional judgment and needs to be interpreted in conjunction with volume-price structure. Structurally, Bitcoin has retested the February low again in June, but the relative trading volume during this round of testing is significantly lower than in February, indicating that the selling pressure during the second dip in a similar price range has clearly weakened. This combination of 'price retesting the low but decreasing volume' is typically seen by the market as one of the characteristics of a phase of exhaustion in selling pressure. On the derivatives side, since April, the perpetual contract funding rate has undergone significant changes: the early negative premium phase triggered a short squeeze and pushed prices up, while by mid-May, the negative premium gradually disappeared and turned into a significant positive premium. Subsequently, the market rebound ended and entered a correction phase. Currently, the funding rate structure has gradually returned to a normal range, suggesting that the downward push effect previously driven by crowded longs and leverage is weakening, and the long-short structure is beginning to balance. Overall, spot demand remains relatively weak, but marginal selling pressure is decreasing. Coupled with the diminishing impact of leverage on the derivatives side, the market is overall closer to the operational rhythm of the previous 2-3 months, or entering a new round of 'oscillation bottoming' phase, but has not yet formed a clear trend reversal signal.

[Analysis: BTC Spot Relative Trading Volume Declines, Bulls Retreat or Entering a New Bottoming Phase]On June 17, according to on-chain data analyst Murphy, the current market should focus not on the 'Bitcoin spot trading volume' itself, but rather on the 'relative spot trading volume' (i.e., spot trading volume / 30-day average). This indicator measures the relative level of market activity but does not provide a clear directional judgment and needs to be interpreted in conjunction with volume-price structure. Structurally, Bitcoin has retested the February low again in June, but the relative trading volume during this round of testing is significantly lower than in February, indicating that the selling pressure during the second dip in a similar price range has clearly weakened. This combination of 'price retesting the low but decreasing volume' is typically seen by the market as one of the characteristics of a phase of exhaustion in selling pressure. On the derivatives side, since April, the perpetual contract funding rate has undergone significant changes: the early negative premium phase triggered a short squeeze and pushed prices up, while by mid-May, the negative premium gradually disappeared and turned into a significant positive premium. Subsequently, the market rebound ended and entered a correction phase. Currently, the funding rate structure has gradually returned to a normal range, suggesting that the downward push effect previously driven by crowded longs and leverage is weakening, and the long-short structure is beginning to balance. Overall, spot demand remains relatively weak, but marginal selling pressure is decreasing. Coupled with the diminishing impact of leverage on the derivatives side, the market is overall closer to the operational rhythm of the previous 2-3 months, or entering a new round of 'oscillation bottoming' phase, but has not yet formed a clear trend reversal signal.

Analysis: BTC Spot Relative Trading Volume Declines, Bulls Retreat or Entering a New Bottoming Phase

On June 17, SK Hynix experienced a volatile rise, increasing by over 4% and setting a new historical high. In the Hong Kong stock market, the Southern Double Long Hynix saw a sharp increase of over 9% in the afternoon.

[SK Hynix Surges Over 4%, Reaches New Historical High]On June 17, SK Hynix experienced a volatile rise, increasing by over 4% and setting a new historical high. In the Hong Kong stock market, the Southern Double Long Hynix saw a sharp increase of over 9% in the afternoon.

SK Hynix Surges Over 4%, Reaches New Historical High

On June 17, according to Farside data, Bitcoin ETFs recorded a net inflow of approximately $10.2 million yesterday, with a clear redistribution of funds among different products. The iShares Bitcoin Trust (IBIT) saw an inflow of about $16.4 million, while FBTC had an inflow of approximately $4.3 million; however, the Grayscale Bitcoin Trust (GBTC) experienced an outflow of about $16.8 million, which partially offset the overall inflow. Other products remained relatively stable, resulting in a slight net inflow overall. For Ethereum ETFs, the total net inflow was about $9.6 million, continuing a trend of moderate positive inflows. The main contributor was ETHA, which had an inflow of approximately $17.3 million in a single day, while products like FETH saw slight outflows (around $2.2 million), with other products remaining stable.

[Bitcoin ETF Sees Net Inflow of Approximately $10.2 Million, Ethereum ETF Net Inflow of About $9.6 Million]On June 17, according to Farside data, Bitcoin ETFs recorded a net inflow of approximately $10.2 million yesterday, with a clear redistribution of funds among different products. The iShares Bitcoin Trust (IBIT) saw an inflow of about $16.4 million, while FBTC had an inflow of approximately $4.3 million; however, the Grayscale Bitcoin Trust (GBTC) experienced an outflow of about $16.8 million, which partially offset the overall inflow. Other products remained relatively stable, resulting in a slight net inflow overall. For Ethereum ETFs, the total net inflow was about $9.6 million, continuing a trend of moderate positive inflows. The main contributor was ETHA, which had an inflow of approximately $17.3 million in a single day, while products like FETH saw slight outflows (around $2.2 million), with other products remaining stable.

Bitcoin ETF Sees Net Inflow of Approximately $10.2 Million, Ethereum ETF Net Inflow of About $9.6 Million

On June 17, multiple Middle Eastern media outlets, including Al-Arabiya, Iran's Fars News Agency, and the Lebanese National News Agency, reported that Israel has once again conducted drone strikes on the town of Ansariyeh in southern Lebanon. Israel also carried out attacks in the Nabatiyeh region of southern Lebanon. Iran had previously issued a warning that if the Israeli military does not cease its actions in southern Lebanon, it must be prepared to face a severe response from Iran's powerful armed forces.

[Report: Israeli Drone Strikes Again in Southern Lebanon Town]On June 17, multiple Middle Eastern media outlets, including Al-Arabiya, Iran's Fars News Agency, and the Lebanese National News Agency, reported that Israel has once again conducted drone strikes on the town of Ansariyeh in southern Lebanon. Israel also carried out attacks in the Nabatiyeh region of southern Lebanon. Iran had previously issued a warning that if the Israeli military does not cease its actions in southern Lebanon, it must be prepared to face a severe response from Iran's powerful armed forces.

Report: Israeli Drone Strikes Again in Southern Lebanon Town

On June 17, Bloomberg reported that the U.S. Congress has reached an agreement on the largest housing bill in decades, ending a months-long stalemate between the House of Representatives and the Senate. The bill includes a provision requiring the Federal Reserve to suspend the issuance of central bank digital currency (CBDC) before 2030.

[U.S. Congress Reaches Agreement on Housing Bill, Prohibiting Fed from Issuing CBDC Before 2030]On June 17, Bloomberg reported that the U.S. Congress has reached an agreement on the largest housing bill in decades, ending a months-long stalemate between the House of Representatives and the Senate. The bill includes a provision requiring the Federal Reserve to suspend the issuance of central bank digital currency (CBDC) before 2030.

U.S. Congress Reaches Agreement on Housing Bill, Prohibiting Fed from Issuing CBDC Before 2030

On June 17, TheEnergyMag reported that Tether sold 627,000 shares of Bitdeer at approximately $20 per share between June 3 and 4, cashing out about $12.7 million. In February, when Bitdeer's stock price fell to a low, Tether had made a significant purchase at around $8.85 per share, and this reduction is seen as a profit-taking move. After the sale, Tether still holds 37.7 million shares, accounting for 19.7% of the outstanding shares, maintaining its position as a major shareholder.

[Tether Reduces Bitdeer Holdings, Gains Approximately $12.7 Million]On June 17, TheEnergyMag reported that Tether sold 627,000 shares of Bitdeer at approximately $20 per share between June 3 and 4, cashing out about $12.7 million. In February, when Bitdeer's stock price fell to a low, Tether had made a significant purchase at around $8.85 per share, and this reduction is seen as a profit-taking move. After the sale, Tether still holds 37.7 million shares, accounting for 19.7% of the outstanding shares, maintaining its position as a major shareholder.

Tether Reduces Bitdeer Holdings, Gains Approximately $12.7 Million

On June 17, Pudgy Penguins announced a collaboration with the crypto payment platform KAST to launch a series of Soulbound Tokens (SBT). This commemorative SBT series aims to celebrate the Huddle community and the Pengu Card user base. The SBTs will be distributed to Pengu Card users in three tiers, with eligibility determined by the user's level of engagement. The tokens will be directly issued to qualifying EVM wallet addresses.

[Pudgy Penguins and KAST Launch SBT Series for Pengu Card Users]On June 17, Pudgy Penguins announced a collaboration with the crypto payment platform KAST to launch a series of Soulbound Tokens (SBT). This commemorative SBT series aims to celebrate the Huddle community and the Pengu Card user base. The SBTs will be distributed to Pengu Card users in three tiers, with eligibility determined by the user's level of engagement. The tokens will be directly issued to qualifying EVM wallet addresses.

Pudgy Penguins and KAST Launch SBT Series for Pengu Card Users

On June 17, Arab satellite television reported that Israel carried out drone strikes on the town of Ansariyeh in southern Lebanon. (Jinshi)

[Israel Conducts Drone Strikes in Southern Lebanon]On June 17, Arab satellite television reported that Israel carried out drone strikes on the town of Ansariyeh in southern Lebanon. (Jinshi)

Israel Conducts Drone Strikes in Southern Lebanon

火币HTX报道，6月16日，英国方面援引一位了解谈判情况的消息人士的表态称，美国政府正在考虑为伊朗设立一项价值3000亿美元的基金，该基金将面向有意在伊朗投资的企业。 (央视新闻)

【美政府或将为伊朗设立3000亿美元基金】火币HTX报道，6月16日，英国方面援引一位了解谈判情况的消息人士的表态称，美国政府正在考虑为伊朗设立一项价值3000亿美元的基金，该基金将面向有意在伊朗投资的企业。 (央视新闻)

美政府或将为伊朗设立3000亿美元基金

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美政府或将为伊朗设立3000亿美元基金

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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