Note: The X account is not owned by the original Enron entity. Users should be aware of the risk.

June 16: Per monitoring from OnchainLens, Bitcoin mining company MARA Holdings has purchased 1,000 BTC from FalconX, with a total transaction value of approximately $66.7 million.

On June 16, per OnchainLens monitoring, SPCX’s price broke through $210, prompting Whale Address 0x3E7 to further expand its long position in SPCX. The whale now holds 63,458 SPCX tokens, valued at over $13 million total, with an unrealized gain of more than $2.1 million.

**CFTC Chair Mike Selig Debunks Four Myths Surrounding Perpetual Futures Contracts** On June 16, U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig addressed four widespread misconceptions about perpetual futures contracts, clarifying key regulatory and structural details to cut through industry confusion. ### Myth 1: "Fixed Expiry Date Mandate" Critics claim a valid futures contract must have a set expiration or delivery date, arguing perpetual contracts’ open-ended structure violates U.S. congressional intent. Selig pushed back on this, noting the Commodity Exchange Act and CFTC rules lack any formal definition of "futures contract"—nor do they require fixed expirations. Since Congress never codified a legal definition for the term, the matter is settled via case law and CFTC guidance, neither of which mandates a fixed expiry date. ### Myth 2: "250x Leverage Violation" The allegation here is that the CFTC’s approval of the BTCPERP contract let U.S. trade

Data from the prediction market platform Predict.fun is highlighting a stunning World Cup upset: heavy favorite Spain was held to a 0-0 draw by World Cup debutant Cape Verde in early matches today. Pre-match odds showed Spain had a 92% win probability, a 6% chance of a draw, and Cape Verde just a 2% shot at taking the match. Trader Avenger, after carefully analyzing over 1,000 matches and briefly holding $34,000 in profits, suffered a $1.6 million loss today due to a large bet placed on Spain to win. Equally notable is the unusual activity from trader Fishalive, who earned roughly $9 million by correctly predicting Spain would not win. Their first trade of the match went through at the 8-minute mark: a $4.5 million bet, with all funds coming from a newly deposited Coinbase wallet that had no prior transaction history.

June 16 – Bloomberg ETF analyst Eric Balchunas revealed Nasdaq has confirmed the listing of BlackRock’s iShares Bitcoin Premium ETF, which will trade under the ticker symbol BITA, for trading today. BITA is the highly anticipated follow-up to BlackRock’s existing spot Bitcoin ETF, IBIT. The fund uses a covered call options strategy: it holds Bitcoin while earning income by selling covered call options, with these proceeds distributed to investors to convert Bitcoin’s price volatility into investment returns. The ETF targets an annualized yield of 15-25% and allows investors to capture at least 70% of Bitcoin’s upside potential.

June 16 Update: The first batch of spot HYPE ETFs has been trading for roughly a month, bringing in a total net inflow of $153 million and generating nearly $900 million in total volume. Three regulated HYPE ETFs are live right now: 21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG. Roughly 97% of all HYPE trading fees are funneled directly into a buyback fund, establishing a clear link between trading activity and token demand. All three ETFs hold HYPE outright and distribute around 2.25% in annual staking rewards to their investors. As of now, approximately 45% of eligible HYPE supply (about 434 million tokens) is staked across these ETFs.