Data: Web3 social application Towns has over 400,000 total users, with over 200,000 token holders

June 18: CryptoQuant analyst Crazzyblockk reports Binance’s current funding rate is 370 basis points below the median across three major exchanges, placing it in the bottom 2.8% of all readings since 2021. As the dominant venue for Bitcoin (BTC) perpetual contract trading, Binance’s structured short positions are significantly larger than the combined total of OKX and Bybit—a rare scenario that signals deeply bearish pricing from the exchange, with its structured shorts far outpacing those of other centralized crypto exchanges (CEX). Additionally, Crazzyblockk noted a recent sharp reversal in the Retail Aggressive Buying Index (TBSAI): it has surged from -1.85σ to +0.81σ, a 2.66σ jump over 30 days. This indicates retail traders are aggressively buying the dip, while selling pressure stems primarily from whales (the Institutional Whale Capital Ratio, IWCR, shows large holders are in continuous net outflow), creating a classic divergence between retail buying and whale distribution. Cur

On June 18, the Cyberspace Administration of China (CAC) released a public consultation notice for the *Regulations on Promoting Interconnection and Mutual Recognition of Distributed Digital Identities (Draft for Comments)*, aiming to advance the innovative development of distributed digital identities and their interoperable applications. This initiative is set to support the construction of basic interoperable service capabilities for China’s national blockchain network, and facilitate cross-platform interoperability and mutual recognition of digital identities across various sectors of the national economy and social development. The regulations define a distributed digital identity as a new type of digital identity built on distributed technologies like blockchain, which allows users to autonomously manage their identity information. It consists of an identifier, a key, a verifiable credential, and a verifiable claim, and can be used in scenarios such as digital account managemen

Flash Alert (June 18): Per public data, HYPE Treasury’s Hyperliquid Strategies holds 9.31% of all circulating HYPE tokens (valued at $2 billion) and accounts for 2.78% of HYPE’s total supply. When adding the Hyperliquid Ecosystem Fund to the calculation, their combined holdings rise to 7.3% of HYPE’s total supply (worth $5.3 billion) and 25.5% of its circulating tokens.

On June 18, Oppenheimer & Co. Inc. – a long-standing independent U.S. investment bank and financial services firm founded in 1881 and headquartered in New York – announced it has raised its price target for SpaceX from $190 to $250.

June 18 — At the G7 summit in évian, France, G7 leaders released a joint statement calling for international cooperation to combat cryptocurrency theft and cybercrime backed by the North Korean government. The statement emphasized that these activities pose a significant security threat, explaining that the North Korean regime relies on the stolen digital funds to evade sanctions and fund its illicit weapons programs.

June 18 Market Alert: Tomorrow (June 19) marks the overlap of China’s Dragon Boat Festival and the June Solstice, resulting in full-day closures for both Chinese and U.S. financial markets. All trading sessions for Chinese A-Shares, H-Shares, T-Shares, and U.S. equities will be suspended for one day. Domestic Chinese futures exchanges will also remain fully closed. For futures products: Trading in precious metals, energy, foreign exchange, stock index, and U.S. Treasury futures under CME Group will conclude early at 01:00 Beijing Time on June 20. Brent crude oil futures contracts traded on the Intercontinental Exchange (ICE) will also have an early close, at 01:30 Beijing Time on June 20.