Cryptocurrency Asset Management Firm ReserveOne Terminates $1 Billion Merger with SPAC

June 18 (Politico) — The U.S. White House has submitted a Memorandum of Understanding to Congress aimed at pausing Iran’s hostile activities.

June 19 — Data from Coinglass shows the cryptocurrency market accelerated its decline, with Bitcoin dropping to $62,624.39 and Ethereum falling below $1,700. In less than an hour, total network liquidations hit $180 million, with long-position liquidations making up $176 million of that sum.

On June 18, HTX market data shows Ethereum briefly dropped below $1,700, and is currently trading at $1,701.91, down 3.98% over the past 24 hours.

June 18: HTX market data shows Bitcoin dipped below the $63,000 threshold, currently trading at $63,032.51, marking a 4.24% drop in the past 24 hours. Earlier, analysts highlighted that over the 8 FOMC meetings held since 2025, Bitcoin has seen significant declines in 7 of those instances. Compounding market jitters, the so-called "FOMC curse" paired with STRC’s ongoing deviation from its pegged value has amplified expectations that Strategy will resume selling Bitcoin.

On June 18, a U.S. federal regulatory agency gave the green light to a plan to make it simpler for artificial intelligence data centers to hook up to the U.S. power grid.

On June 18, Renaiss—a real-world collectibles liquidity infrastructure provider—announced it closed a $1.5 million seed funding round. The round was led by YZi Labs, with participation from Gate Ventures, Hash Global, XIN Family, Redline Labs, and angel investors including teams from Mask Network, Far East Group, Logoman, Hoopi, and Legit App. Built on BNB Chain, Renaiss connects third-party vaults, card shops, and custody nodes via its Renaiss Vault OS. The project uses Renaiss.XYZ as the user-facing application layer for the on-chain collectibles market, offering verifiable custody, standardized settlement, and on-chain liquidity for physical collectibles. This eliminates friction in key areas like validation, custody, pricing, and cross-border trades, letting custodially vetted collectibles be transferred on-chain and circulated globally without trust or third-party approval. Proceeds from the seed round will go toward expanding its vault network, boosting product integrations wit