Hungary Plans to Decriminalize Crypto Transactions, Reversing Previous Government's Strict Regulatory Framework

On June 11, monitoring from Onchain Lens indicates that a newly created wallet withdrew 492 Bitcoin (BTC) from Binance, with the withdrawal valued at approximately $31.06 million.

June 11 (Xinhua Finance) — A source from Iran’s negotiating team has denied reports about talks with the United States.

June 11th: Bank of America has upgraded its server CPU market size forecast, pointing to AI demand as a core driver. BofA analyst Vivek Arya stated that fueled by demand for agentic AI, the bank has lifted its 2030 total server CPU market projection from $125 billion to over $170 billion. He added that AI systems capable of planning and executing multi-step tasks will further boost CPU usage beyond current levels for accelerators. Additionally, Bank of America has raised price targets for AMD, ARM, and Intel, citing stronger long-term semiconductor growth prospects and sustained expansion in chip demand.

On June 11, Bitget data indicated that the "Huang Renxun's Select Stocks" basket posted broad gains during U.S. pre-market trading. Notable increases were seen in Intel (INTC), which rose 4.89%, Marvell (MRVL) advancing 4.05%, Lumentum (LITE) gaining 3.14%, Coherent (COHR) climbing 3.03%, Corning (GLW) up 2.91%, and IREN (IREN) rising 2.85%.

June 11 — South Korean police have identified Lee Jae-won, CEO of cryptocurrency exchange Bithumb, as a suspect in a bribery case tied to the hiring of the son of South Korean National Assembly member Kim Byung-kee by Bithumb. The Seoul Metropolitan Police Department’s Public Crime Investigation Team is probing Lee and Bithumb over the hiring allegations. According to reports, police secured a statement from a former aide of Kim’s, who claimed Kim requested Lee hire his second son in November 2024. The son joined Bithumb two months later and worked there for six months. Kim also allegedly pushed Bithumb to hire another aide, who joined the exchange last September and remains employed there. Investigators believe Kim, as a member of the National Assembly’s Financial Affairs Committee, took legislative action against Dunamu — the company behind Bithumb rival Upbit — including raising concerns about Upbit’s market monopoly. This development follows months of police scrutiny into Kim’s

On June 11, cryptocurrency analyst Ali Charts shared that Bitcoin is on the verge of a breakout. Right now, all eyes are on the symmetrical triangle pattern forming for BTC, with resistance pegged at $63,000 and support sitting at $61,000. This range will dictate where its price moves next. If BTC manages to close convincingly outside this range on the hourly chart, a momentum-fueled swing could spark a roughly 10% price expansion. It’s critical to keep a close eye on volume shifts near the range’s boundaries to catch early signals of a sustained breakout.