A whale transferred 1000 ETH to Binance after a year of hibernation

June 18: A Michigan federal judge ruled that sports-related prediction market transactions do not qualify as swaps regulated by the U.S. Commodity Futures Trading Commission (CFTC), so they are not subject to the agency’s regulatory jurisdiction. The court also rejected a request from prediction market platform Polymarket to block Michigan regulators from restricting its sports event contracts, stating the platform is “unlikely to prevail on the merits of its case.” The ruling noted that the sports prediction contracts in question are closer to illegal sports betting than federal derivative products. The case will move to the U.S. Sixth Circuit Court of Appeals, with a potential final appeal to the U.S. Supreme Court.

June 18 — According to EmberCN monitoring, an address belonging to a team or investor that was allocated ZRO tokens at the project’s launch roughly two years ago transferred 3.51 million unlocked ZRO, worth approximately $3.96 million, to Binance over the past 24 hours.

June 18: Jiang Zhuo'er, founder of B.TOP Mining Pool, weighed in on MicroStrategy’s post claiming its Bitcoin (BTC) reserves could support dividends for 32 years. Zhuo'er pointed out that MicroStrategy (MSTR) holds $55 billion worth of BTC, only pays $1.7 billion annually in STRC preferred stock dividends, and estimates the company could sustain those payouts for 32 years by selling BTC. It’s important to note that STRC is preferred stock, not bonds—so MicroStrategy doesn’t face liquidation risk from leverage, nor the danger of defaulting on dividends. That said, STRC has already deviated sharply from its fair value and can’t be refinanced. For context, MicroStrategy’s BTC purchases over the past two weeks were funded by issuing more common stock, a strategy that isn’t sustainable long-term. This update is to alert the market: don’t be caught off guard if MicroStrategy sells BTC to cover dividend payments moving forward. While the total volume sold will be small relative to the broad

June 18 (Fortune) — PayPal Holdings is gradually shuttering its 10-year-old corporate venture capital arm, PayPal Ventures, and weighing a sale of segments of its investment portfolio through the secondary market. The department’s staff has been slashed from more than 10 people at the end of 2025 to just two, with the company hiring investment bank Jefferies to assist with related potential transactions. A PayPal spokesperson confirmed the firm is “exploring strategic options for its corporate venture capital business” but provided no additional details. The shift comes amid a broader management overhaul and company-wide restructuring at PayPal. Since the appointment of its new chief executive, the firm has undergone organizational reshuffles and is rolling out an ambitious cost-cutting plan aimed at saving at least $1.5 billion over the next few years.

June 18 — According to monitoring from LookOnChain, former world boxing champion and millionaire Andrew Tate has encountered eight forced liquidations over the past 16 hours. First, he took a long position on BTC and was liquidated, then he shorted BTC and faced another liquidation. At present, his account balance is only $14,219.

June 18: Per Bitget market data, the price of STRC — Strategy’s variable-rate perpetual preferred stock dubbed “Stretch” — plummeted to a recent low, closing at $88.9. STRC is a preferred stock Strategy issued to fund Bitcoin purchases, with a face value roughly pegged to $100 and offering a high dividend. Its dividend rate adjusts based on price movements, designed to keep its trading price as close to par as possible. The stark deviation of STRC from its par level signals the market is demanding a higher yield, and reflects fading investor confidence in the security’s creditworthiness or dividend stability. Previously, Strategy relied heavily on STRC issuances to finance its Bitcoin buys. When STRC trades below par, new issues are no longer cost-effective for the company, essentially translating to borrowing at a higher cost, which will weaken its ability to continue purchasing Bitcoin. In response, Strategy posted data on social media stating: “The company’s Bitcoin reserves are s