CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

According to CNBC, billionaire investor and GMO co-founder Jeremy Grantham has once again criticized bitcoin, labeling it a "useless speculative" asset with no intrinsic value, and predicting it will gradually become irrelevant over the next several years or even decades. Grantham said, "It will die out, not with a bang, but quietly." He noted that bitcoin is not a stable form of value, having halved for no clear reason even in a strong economic environment, making it unreliable as a store of value. Grantham also pointed out that gold, even after retreating from its highs over the same period, has still posted solid gains. He added that bitcoin has neither proven itself as a useful speculative asset nor delivered real-world utility. "People don't use bitcoin for serious transactions, nor do they use it to pay for dinner or supermarket groceries; its role is to let criminals transfer funds," he stated. Bitcoin has long been known for severe bear market drawdowns, having dropped at least 70% from its peak in every cycle. Currently, bitcoin is down roughly 52% from its October high, hovering around $60,000, and many investors believe the current price slump could persist for several more months.

According to an official announcement, Binance will launch the CAPUSDT perpetual contract at 19:45 (UTC+8) on June 27, 2026, with a maximum leverage of up to 10x.

Crypto KOL Ansem has published a post stating he remains firm in his earlier view that stock indices and the storage sector have peaked at their current levels in the short term. The third quarter kicks off next week, and the market may see volatility at the start of Q3. He notes that the crypto market, particularly BTC and SOL, has already priced in many weakening factors in advance, so he expects a potential bullish divergence in price action. However, he would not be surprised if a weak stock market at the start of Q3 triggers a selloff in the crypto sector as well. Ansem added that HYPE is likely to continue performing well, though it could also pull back along with the broader market. He warned that the worst-case scenario is getting liquidated before the bear market bottom and before all assets rebound together, so caution is needed when using leverage for long positions. For spot trading, he believes current levels are near lows, making overtrading unwise, while Q3 will be a suitable phase to add positions.

According to Coinglass data, if Bitcoin breaks through $62,000, cumulative short liquidation intensity on major centralized exchanges (CEXs) will hit $915 million. Conversely, if Bitcoin drops below $59,000, cumulative long liquidation intensity on major CEXs will reach $697 million. BlockBeats Note: The liquidation chart does not show the exact number of pending liquidation contracts or the precise value of liquidated contracts. The bars on the chart instead represent the relative importance of each liquidation cluster compared to adjacent clusters—i.e., their intensity. As such, the chart illustrates how severely a given price level for the underlying asset will be impacted. A higher "liquidation bar" signals that once the price hits that level, it will trigger a more pronounced reaction driven by liquidity waves.

ARK Invest founder Cathie Wood stated in a post that capital outflows from more globally unstable countries will further drive up Bitcoin and other digital assets. AI has kicked off a technological revolution and rightfully deserves massive attention from the investment world. However, she argues that AI cannot serve as an insurance tool for wealth preservation, which is exactly what many people around the globe are currently seeking.

Leading real-world asset (RWA) trading platform MSX (Maitong) has officially launched the claim page for its ecosystem token MSX, with a total token supply of 1 billion units. Eligible users can now log in to the platform to submit their claims. The genesis airdrop and related incentive allocations will be unlocked over three months. After completing the claim process, tokens will be directly credited to users’ platform personal accounts, pending the official launch of the platform’s spot trading system. The official stated that MSX tokens will later serve as ecosystem credentials for participating in the platform’s US stock token trading and Pre-IPO project subscriptions, while related lock-up and VIP benefit matrices are currently in internal testing and ongoing development.