According to DB News, the DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.

Prediction market platform Polymarket has seen the probability of Bitcoin falling to $50,000 this year rise to 63%, up from 51% as of June 16. Separately, the odds of Bitcoin dropping to $40,000 stand at 30%, while the probability of it climbing to $70,000 is 67%.

Prediction market platform Polymarket now puts the probability of Bitcoin falling to $50,000 this year at 63%, up from 51% as of June 16. Additionally, the probability of Bitcoin dropping to $40,000 is 30%, while the chance of it rising to $70,000 stands at 67%.

This week, stocks of Intercontinental Exchange (ICE) and CME Group (CME) were oversold, with both carrying a Relative Strength Index (RSI) of 24.4. Typically, an RSI below 30 is classified as oversold, suggesting a potential short-term rebound, while an RSI above 70 is considered overbought, implying a possible correction risk. Investors offloaded shares of the two trading platform operators primarily over market concerns that new products like perpetual contracts could disrupt their traditional exchange businesses. Earlier, CME sued the U.S. Commodity Futures Trading Commission (CFTC) after the regulator allowed prediction market platform Kalshi to offer Bitcoin perpetual contracts at the end of May. CME declined 10% this week, while ICE dropped over 7%, with both logging double-digit losses in June.

According to Bitget’s official announcement, the platform has launched USD-margined CAP perpetual contracts, supporting up to 10x leverage. Contract trading bots will also be rolled out simultaneously. For more details, please refer to Bitget’s official platform.

This week, stocks of Intercontinental Exchange (ICE) and CME Group (CME) were oversold, with both recording a Relative Strength Index (RSI) of 24.4. Typically, an RSI below 30 is considered oversold, signaling a potential short-term rebound, while an RSI above 70 is deemed overbought, indicating a possible correction risk. Investors offloaded shares of the two trading platform operators mainly due to market concerns that new trading products like perpetual contracts could disrupt the traditional exchanges’ business. Earlier, CME sued the U.S. Commodity Futures Trading Commission (CFTC) after the regulator allowed prediction market platform Kalshi to offer Bitcoin perpetual contracts at the end of May. CME fell 10% this week, while ICE dropped more than 7%, with both logging double-digit percentage declines in June.

Binance founder Changpeng Zhao (CZ) said there is no single cause for the crypto market’s sharp downturn in the first half of 2026. Geopolitical tensions, investors shifting funds to AI, and the typical four-year crypto cycle may have collectively driven the continued decline of Bitcoin and other crypto assets. Bitcoin hit an all-time high of over $126,000 last October, and has since fallen roughly 50%. It opened near $89,000 at the start of this year, briefly rose to just over $96,000, then dropped to around $60,000. In the long term, the crypto industry will keep growing, with rising demand for fintech as transaction volumes continue to increase, so he is not worried about the sector itself or short-term price fluctuations. He noted that emerging sectors like AI are absorbing "hot money" from crypto, though this could be a positive factor in the long run. On prediction markets, CZ said they are growing rapidly as tools for price discovery and liquidity, which is beneficial for the public. Regarding regulation, CZ said standalone bills like the U.S. Digital Asset Market Clarity Act are important but tactical matters that will not determine the crypto industry’s long-term growth. He hopes the Clarity Act passes, warning that if U.S. related legislation is delayed, other countries may take the lead in setting rules. CZ also stated that if U.S. Democrats regain control of at least one chamber of Congress after the midterm elections, there could be scrutiny of Trump’s support for the crypto industry and his pardons of crypto executives. He emphasized he has "nothing to hide" and is willing to cooperate if parties seek information. On political implications, CZ said he tries to stay away from U.S. politics, but believes any anti-crypto figures could lose a significant number of votes now.