A certain whale withdrew 6000 ETH from Kraken after 6 months of silence

June 7 — According to CCTV News, Iranian Vice President and Head of the Environmental Protection Agency Masoumeh Ebtekar stated that Iran has begun drafting the "Strait of Hormuz Environmental Services Fee Regulations." The preliminary draft was completed recently, but the fee structure and exact specifics of the collection mechanism have not been finalized.

June 7th – According to Chainalysis, an on-chain whale took out a $30 million USDS flash loan via the Spark protocol 15 minutes ago, collateralized by ETH, and subsequently purchased 18,212 ETH at an average price of $1647.

June 7 — Alliance co-founder Imran Khan says he’s long been optimistic about the cryptocurrency industry’s long-term prospects. He notes the market previously overestimated how quickly crypto would become the next mainstream computing paradigm; while many had expected crypto to lead the next major platform revolution, that role has largely been taken over by artificial intelligence (AI). Khan points out that over the past decade, massive sums of capital have flowed into crypto, but a large portion of that money went toward overbuilding. Instead of focusing on a few clearly high-impact use cases, the industry tried to revamp multiple areas at once—including finance, social, and governance. The current market pullback and consolidation is a natural correction from the earlier overexpansion, and it doesn’t mean the cryptocurrency industry’s core logic is broken. He argues the crypto sector’s best shot at success isn’t being first to launch killer apps—it’s becoming the global financial

June 7: Glassnode co-founder Rafael announced Bitcoin has retraced roughly 50% from its all-time high. On-chain data shows BTC is currently hovering around a critical support zone formed by its median price ($64.1k) and the 200-week moving average (≈$61.7k). Historically, Bitcoin has spent only about 7% of its trading time below this level. Looking at long-term valuation benchmarks, below the 200-week moving average lie the realized price (≈$54k), CVDD (≈$46.2k), fair value price (≈$40k), and Delta price (≈$35k). Past bear market bottoms have consistently tested these cost ranges before reversing, with CVDD widely considered the most reliable historical bottom indicator. Current model calculations place the $46k–$54k range as a high-probability bottom zone, while the $35k–$40k bracket is an extreme deep surrender zone—seen on less than 3% of trading days historically. However, as the Bitcoin market matures, each cycle’s retracement magnitude is narrowing. Prior bear markets saw peak

June 7 — A senior diplomatic source told Saudi media outlet Hadaf that Pakistan’s interior minister has conveyed a message: the U.S. has agreed to ease sanctions on Iran.

June 7 — Official sources announced today that crypto exchange Bybit has formally launched its on-chain stock IPO subscription product, Bybit IPO Express. In collaboration with xStocks, the platform is introducing tokenized IPO subscription services for SpaceX, making Bybit one of the world’s first centralized exchanges to offer tokenized IPO subscriptions at the primary market’s issuance price stage—further expanding the on-chain stock asset trading ecosystem. For years, global investors have faced steep barriers to accessing high-demand IPOs, including geographic restrictions, broker minimum thresholds, and limited quota limits. Most participants could only enter the market after a company went public, not during the early primary stage. Bybit IPO Express breaks these barriers via xStocks’ compliant tokenization framework, open to eligible Bybit VIP and Pro users. For the first time, non-institutional investors can directly subscribe to IPO shares at the issuance price on Bybit, wit