Coinbase Premium Turns Negative Again: Weak US Institutional Spot Demand, Market Possibly Entering Wait-and-See Phase
June 14: CoinGlass data shows the Coinbase Premium index has remained firmly in negative territory, signaling weak demand for cryptocurrency spot markets from U.S. institutional investors.
This index measures the price gap between Coinbase Pro and other leading global crypto exchanges. A sustained discount usually points to insufficient buying pressure in the U.S. market, or that institutional players are staying on the sidelines or net-selling at current price levels.
Analysis notes that historically, when the Coinbase Premium flips positive, it signals U.S. "smart money" is actively building crypto holdings—typically paired with a strong upward price trend. No clear reversal signal has emerged yet for the index, meaning U.S. institutional funds are contributing limited marginal buying power in the short term.
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Analysis: 42.6% of Bitcoin's hash rate is concentrated in the United States, and the controversy over mining pool control continues to escalate
June 14. While Bitcoin’s network design centers on decentralization and censorship resistance, experts are now revisiting these core tenets—given that roughly 42.5% of global hashrate is currently concentrated in the United States.
Data shows U.S.-listed public mining companies control about 31.5% of global hashrate, with broader estimates pointing to even higher total influence. Leading mining pool Foundry USA has long held the largest global hashrate share, at one point nearing one-third of the total network capacity on its own.
Analysts argue the real risk isn’t just geographic centralization—it’s concentration at the pool level. Pools dictate which transactions are included and how block templates are structured, and the top mining pools combined now hold over two-thirds of global hashrate, fueling concerns over widespread transaction censorship.
Following global mining bans in 2021, the Bitcoin network proved highly adaptable: after a sharp short-term drop in global hashrate, i
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RIF Surges Over 45% in 24 Hours, Market Cap Rises to $111 Million
As of June 14, HTX market data shows that RIF has surged over 45% in the past 24 hours, currently trading at $0.1137 with a market cap of $111 million. The digital asset has also seen a 73.52% increase over the last seven days and a massive 211.14% gain over the past 90 days.
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The Indian cryptocurrency tax audit has revealed around $930 million in unreported income, with a comprehensive strengthening of per-transaction reporting and cross-platform verification set for the 2026 tax season.
June 14 Update: India’s tightened tax enforcement means cryptocurrency investors will face stricter reporting and compliance rules for the 2026 tax filing season. Misreporting could trigger fines and audits.
Under current regulations, crypto gains are subject to a flat 30% capital gains tax, plus a 1% Tax Deducted at Source (TDS) on transactions above a set threshold, with no cross-asset loss offsetting allowed. The 2025 Income Tax Act took effect on April 1, 2026, and its core tax framework remains largely unchanged.
On the reporting front: Investors must fill out a dedicated Schedule VDA section in ITR-2 or ITR-3 forms, and provide detailed records for every transaction—including trades, exchanges, transfers, and settlements—instead of just summarizing total gains.
Regulatory focus has ramped up sharply: Indian tax authorities will directly pull user-level transaction data from exchanges, custodians, and wallet providers, then automatically cross-check this data against filed decl
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Goldman Sachs and Morgan Stanley are expected to each receive approximately $100 million in underwriting fees from the SpaceX IPO.
On June 14, a Wall Street Journal (WSJ) report — citing a regulatory filing and sources familiar with the deal — notes that SpaceX’s upcoming initial public offering (IPO) will carry total underwriting fees of approximately $500 million, equal to about 0.7% of its $75 billion fundraising target.
Lead underwriters Goldman Sachs and Morgan Stanley will take the largest share of these fees: together, they will claim 40% of the total payout, or roughly $100 million each. Bank of America, Citigroup, and JPMorgan are each expected to receive around $75 million, while several other participating banks will take in $10 million or less apiece.
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