Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

JPMorgan said that based on its conversations with clients and market participants, institutional demand for perpetual futures remains limited, with the products more widely viewed as speculative trading tools rather than alternatives to traditional derivatives. The report noted that while perpetual futures enable 24/7 trading and eliminate rollover costs, most trading activity stems from traders seeking leveraged directional exposure, not institutions with genuine hedging needs. Additionally, factors including basis risk, the absence of a term structure, insufficient physical delivery, and the lack of traditional clearing guarantees for on-chain products are constraining institutional adoption, per the report. (CoinDesk)

Following the announcement of Strategy’s "Digital Credit Capital Framework", both MSTR and STRC posted notable rebounds. Meanwhile, Bitcoin saw a volatile move: it hit a one-hour high of $60,700, up 1.31%, before pulling back. The cryptocurrency is now back below $60,000, trading at $59,914.75.

According to official announcements, Circle-issued USDC will become the first stablecoin supported on the digital asset custody platform of global financial services firm BNY, as the two parties deepen their cooperation on institutional-grade stablecoin services. BNY clients can now hold USDC in their digital asset custody wallets, and instruct Circle via BNY to mint USDC from U.S. dollars or redeem USDC back to U.S. dollars, covering the full lifecycle of institutional stablecoin operations. Kash Razzaghi, Circle’s Chief Commercial Officer, stated that this partnership is a continuation of the two firms’ long-standing relationship, bridging the gap between on-chain assets and traditional assets for BNY clients. Going forward, the two sides plan to expand this capability to additional stablecoin issuers and digital cash workflows.

Recently, CZ stated in an interview that if Satoshi Nakamoto’s Bitcoin addresses remain untouched long after Bitcoin’s anti-quantum upgrade, the associated Bitcoins should be frozen. The remark has sparked widespread debate in the crypto community. In response, He Yi noted: "The threat of quantum attacks is a core argument many in the mainstream community use to claim the Bitcoin network is not viable long-term. Addressing quantum attacks is also one of the key focuses of current discussions in the Bitcoin community. Over the years, the Bitcoin network has remained robust despite hard forks—when problems arise, we solve them. Entrepreneurs have always turned impossibilities into realities. The point CZ raised is one of the existing proposals within the Bitcoin community, centered on how to counter hacker attack threats. This time, he simply brought a topic being debated in the Bitcoin community into a mainstream interview for discussion."

BitMine added 27,084 Ether (ETH) to its holdings last week. As of June 28, 2026, its total ETH holdings reached 5,700,040, accounting for roughly 4.7% of Ethereum’s total supply. Currently, BitMine’s total assets—including cryptocurrencies, cash and other investments—are valued at approximately $9.8 billion, comprising $555 million in cash and securities, 206 Bitcoin (BTC), $180 million in equity stakes in Beast Industries, and a $74 million investment in Eightco Holdings. Additionally, its staked ETH holdings have risen to 4,879,157, representing over 85% of its total ETH position and valued at around $7.7 billion, with current annualized staking rewards of roughly $211 million. Tom Lee stated that this week has been challenging for crypto investors, with ETH falling 8%, despite positive developments in the Ethereum ecosystem such as the establishment of Ethlabs and the Bank of England’s softened stance on stablecoins. He noted that the “window dressing” effect typical near quarter-ends has led investors to offload assets that underperformed over the past three months, though the long-term development path of the crypto industry remains positive, supported by two core drivers: the on-chain integration of Wall Street infrastructure and agent-based AI payment systems.

According to an official announcement, Strategy did not sell any Bitcoin last week. It currently holds 847,363 BTC, valued at $54.98 billion, and faces a loss of over $12.9 billion.