Solana officials responded to reports of crypto projects jumping ship to Robinhood Chain, stating that most of the "official announcements" from these projects were intended as jokes.

Analyst Darkfost points out that Bitcoin trading below the Short-Term Holder (STH) cost base is a hallmark of every bear market cycle. BTC has remained below this level for over nine months. The STH cost base currently stands at $70,700 and has consistently acted as a resistance level. In May, Bitcoin attempted to test the nearby level of roughly $82,000, only to pull back immediately. Since then, the STH cost base has dropped significantly, signaling that some investors have accumulated positions at lower prices, lowering their average holding cost. However, the price has yet to effectively hold above this key level. The analysis notes that a sustained recovery above the STH cost base will mark the first positive signal. Bitcoin is currently trading in a range of $59,000 to $64,000, a notable distance from the $70,700 resistance level. If BTC can later break through and hold above this level effectively, it will mean the entire short-term holder cohort has exited unrealized losses, and market sentiment could shift from bearish defense to structural recovery. Conversely, if resistance persists, the STH cost base will continue to decline, potentially extending the bear market bottoming cycle.

During weekends when traditional markets are closed, Trade.xyz, dubbed the "on-chain Nasdaq", enables continuous trading and real-time price discovery via perpetual contracts—capabilities unavailable in traditional finance—pricing in advance the upcoming Monday's U.S. and South Korean stock market trends. For U.S. stocks, most popular assets on Trade.xyz have edged up slightly from their post-Friday closing prices, with most expected to see minor gains ahead of Monday's trading session. Weekend performance data from BIT (bit.com) shows: Micron (MU) is trading at $981.4, versus $982.982 in U.S. after-hours trading on Friday; SanDisk (SNDK) at $1953.5 vs. $1935; NVIDIA at $211.81 vs. $210.58; Intel at $111.43 vs. $109.6; Google at $358.01 vs. $355.05; AMD at $562.1 vs. $559.9; SpaceX at $145.72 vs. $145.92. For South Korean stocks, popular assets on Trade.xyz posted the following weekend performance, with expectations of a minor gap-up opening on Monday. Data from Bitget shows: Samsung Electronics is trading at $190.8, compared to Friday's closing price of $190; SK Hynix at $1475 vs. $1454.

In an interview, Donald Trump commented on the Iran issue, saying: "They agreed to reach a deal yesterday. It’s a perfect deal for us—no nuclear weapons, they gave up all their conditions. But after that, they left the room, and less than an hour later, they launched a drone attack on a ship."

The stablecoin market saw its largest correction in years in June, with total market capitalization shrinking by $77 billion that month, marking the biggest single-month decline since the May 2022 Terra-Luna collapse. Since its May peak, the stablecoin market has shed roughly $100 billion in total, with two major stablecoin issuers driving much of the adjustment: Tether’s USDT fell from around $190 billion in May to $184 billion, a $60 billion drop; Circle’s USDC retreated from a near-$80 billion peak in March 2023 to roughly $73 billion, a $70 billion decline. Still, the current correction remains mild compared to the over 26% cumulative drop in the stablecoin market during the 2022 crypto winter. Wall Street institutions remain bullish on stablecoins’ long-term outlook; Citigroup previously projected the global stablecoin market will reach $1.9 trillion by 2030 in its baseline scenario, and could rise to $4 trillion under an optimistic case.

Iran's Persian Gulf Strait Administration announced on social media on the 12th that the Strait of Hormuz is currently impassable. Once the situation stabilizes, it will resume reviewing strait passage applications and issue necessary permits as scheduled. (Xinhua News Agency)

Michael Saylor, founder and executive chairman of Bitcoin treasury firm MicroStrategy, has once again shared updates on its Bitcoin Tracker, with the caption: "Orange dots tell only part of the story." Following the company’s past pattern, MicroStrategy typically discloses news of additional Bitcoin holdings the day after such announcements.