An individual World Cup predictor with a daily win rate of 100% has made a profit of $9.24 million.

NEW YORK, June 17 (The Block) — Several U.S. gambling industry associations are urging Congress to insert explicit provisions in the upcoming crypto market infrastructure bill that would ban crypto platforms from offering "prediction markets" tied to sporting events and casino-style betting as financial products. In a letter to the Senate, groups including the American Gaming Association, Indian Gaming Association, and Association of Gaming Equipment Manufacturers argued such platforms deliver nationwide gambling services via products like "sports event contracts," effectively bypassing state gambling regulators and local licensing requirements. These offerings, marketed under the guise of "financial derivatives," weaken consumer protections, pose risks to young users, and upend the traditional gambling ecosystem—an industry reliant on local tax revenue and job creation. The controversy unfolds against the backdrop of ongoing U.S. crypto regulatory efforts: the Senate Banking Committ

June 17: Official sources confirm Binance Wallet has rolled out its 8th Pre-TGE Prime Sale event, featuring the project RE. The event runs from 12:00 UTC to 14:00 UTC on June 17, and only users holding Binance Alpha Points are eligible to join this subscription round. Per the event rules, each Binance Wallet user has a subscription cap of 3 BNB for this round. After the Pre-TGE phase concludes, users will receive RE-related key assets on the Binance Smart Chain (BSC) network; additionally, the ETH portion will be airdropped to users’ Binance Alpha accounts on TGE day.

June 17 – The global market’s core narrative is shifting away from “the Middle East war is drawing to a close” toward “asset repricing in the post-conflict era.” Details of the U.S.-Iran memorandum of understanding (MOU) are coming into focus, including lifted oil export restrictions, unfrozen assets, and a planned $300 billion private investment fund. Markets are already pricing in Iran’s return to global energy and capital markets, but the actual pace of Strait of Hormuz normalization remains unclear: European allies are wary of demining and escort operations, and shipping firms broadly estimate a full return to unimpeded transit will take weeks or longer. Geopolitical risk has faded, but it’s by no means gone. Energy markets are already reflecting this shift. With the U.S. potentially allowing Iran to immediately resume oil exports, roughly 68 million barrels of stranded Iranian crude are poised to re-enter the market. Add to that the potential expiration of Russia’s oil exemption,

On June 17, the Nikkei 225 Index extended its gains, topping the 70,000 mark again and notching a fresh all-time high. (Kryptonite)

June 17 – According to on-chain data analyst Murphy, the market’s current focus shouldn’t be on “Bitcoin spot trading volume” itself, but rather on “spot relative trading volume” (calculated as spot trading volume divided by its 30-day moving average). This metric gauges market activity relative to historical levels, though it doesn’t offer a one-sided directional read—its meaning depends on interpreting volume alongside price action structure. From a structural perspective, Bitcoin retested its February low in June, but the relative trading volume during this retest was notably lower than it was in February. This signals diminished selling pressure during the second retest at a similar price level. The market typically views this combination of “price retesting a low with declining volume” as a key sign of temporary selling pressure drying up. On the derivatives side, the perpetual contract funding rate has seen major shifts since April: the early phase of negative funding rates

June 17 – According to OnchainLens monitoring, a whale wallet address labeled "0x50b" recently opened large cryptocurrency long positions in the derivatives market. The Bitcoin long position amounts to 1,036.37 BTC with 20x leverage, while the Ethereum long position totals 6,291 ETH at 23x leverage. Based on the current holdings, the combined value of these two long positions is approximately $79.55 million. Additionally, the trader has previously accumulated over $4 million in profits from long and short trades in Bitcoin and Ethereum.