BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

June 7 — (CCTV Report) According to local time on June 6, the Israeli military launched airstrikes on multiple areas of the Gaza Strip, killing at least 7 Palestinians and leaving several others wounded. On the evening of June 6, an Israeli airstrike hit a tent sheltering displaced people in western Gaza City, killing 6 people including 2 women and injuring at least 15 others, most of them children. Separately earlier that day, a Palestinian youth died after Israeli forces attacked his tent in Khan Younis, southern Gaza.

June 7 – With no breakthrough on securing oil tanker passage through the Strait of Hormuz, global oil inventories are plunging to perilously low levels. Industry leaders and analysts are warning that another significant oil price shock could hit in the coming weeks, severe enough to spill over into broader financial markets. JPMorgan Chase forecasts oil prices could spike rapidly in late June unless normal passage through the strait resumes. U.S. crude inventories have fallen for eight straight weeks, hitting their lowest point since February 2024. Analysts note the risk of a second price shock is very real, stemming from depleted buffer mechanisms rather than a full closure of the strait itself. Investors view the Strait of Hormuz as a persistent geopolitical bottleneck; even if tensions ease, oil prices are unlikely to drop below $70 per barrel. Higher oil prices pose a “mild headwind” to the U.S. economy, while Europe and Asia are far more vulnerable to sustained energy inflation.

June 7. According to official sources, OlaXBT announced its $AIO MiCAR whitepaper has completed the regulatory notification process and been submitted to relevant national regulatory authorities, successfully joining the European Securities and Markets Authority (ESMA) MiCA registration framework. The company’s official statement noted this milestone signifies the project’s successful achievement of its phase goal for information disclosure and compliance transparency, formally establishing its compliant disclosure status under the EU’s regulatory framework. Additionally, OlaXBT has officially launched the "U.S. Stock AI Signal" feature. Built on the platform’s proprietary AI analysis model, this tool provides users with data analysis and investment insights for the U.S. stock market, further expanding AI applications in financial market research and decision-making support.

June 6: After a roughly 30% drop over the past month, Bitcoin’s daily Relative Strength Index (RSI) has fallen to around 15.5 — its lowest level since the March 2020 pandemic market crash, signaling the asset is in a severely oversold condition. Per analysis, comparable RSI levels were seen during the 2020 pandemic sell-off and the February 2026 correction, following which Bitcoin rallied approximately 50% and 30% respectively. Currently, bulls are holding firm at the critical $60,000 support level. If this level holds, Bitcoin is likely to stage a technical bounce toward the ~$70,650 zone (where the 20-day exponential moving average, or EMA, sits) in the coming weeks; a break below $60,000 could push it to test the mid-$50,000 range. Bitcoin’s short-term holders have seen their profit/loss ratio hit an all-time low, indicating a large number of recent buyers are exiting at a loss, and market sentiment is nearing panic. Crypto analyst Scott Melker noted that roughly 5.3 million Bitco

**Headline: Zcash Unveils Ironwood Network Upgrade & Shielded Pool, Slated to Launch Late July 2026** On June 6, the Zcash Open Development Lab (ZODL) — in partnership with Tachyon, Valar Group, Zcash Foundation, and Shielded Labs — announced a new network upgrade and shielded pool named Ironwood, set to go live by the end of July 2026. Exact timing depends on testing progress and alignment with ecosystem stakeholders. Ironwood builds on the existing Orchard protocol, adding formal verification and independent security audits to reinforce its security. A "Turnstile" mechanism will validate all ZEC supply transferred from Orchard to Ironwood, letting anyone audit Zcash’s circulating supply to boost protocol transparency and safety. ZODL also shared that a recent integrity vulnerability in Orchard was uncovered during ongoing security research and fixed via a coordinated upgrade. There is no evidence the flaw was exploited, no user funds were compromised, and the total ZEC suppl

June 6. Even after Terraform Labs founder Do Kwon got handed a 15-year prison sentence for triggering the $40 billion Terra collapse, the original, abandoned Terra Luna Classic (LUNC) chain hasn’t vanished. A core group of community members is still keeping the network running, holding out hope for one of the biggest comebacks in crypto history. According to reports, a key LUNC community member going by the name “Vegas” lost roughly $50,000 in the 2022 Terra meltdown. Since then, he’s stayed busy running validator nodes, voting on governance proposals, and coordinating with developer teams. He says despite years of infighting, fraud allegations, and even being falsely reported to regulators, he’s convinced LUNC has what it takes to claw its way back into crypto’s top 10 by market cap. After the 2022 Terra collapse, Terraform Labs hard-forked to launch a new Terra chain—while the original chain was kept around and rebranded as Terra Luna Classic. Soon after, the community group Terra