Elon Musk threatens to ban Apple devices within his companies if Apple integrates OpenAI's ChatGPT into its operating systems. Greenpeace campaigns for Bitcoin to change its proof-of-work consensus model to a more environmentally friendly proof-of-stake model. Terraform Labs agrees to pay $4.47 billion to resolve an SEC civil lawsuit. Keith Gill, aka Roaring Kitty, buys another 4M GME stocks, sparking speculation about his potential board membership. May institutional investments in the crypto sector hit $1 billion, driven by Ethereum. Bitcoin (BTC) ends the week at $66,483, Ether (ETH) at $3,464, and XRP at $0.47. Crypto hacks soar to $19B in 13 years, according to Crystal Intelligence.

OpenAI, the AI company with a private valuation of around $86 billion, is reportedly considering a transition from a capped-profit corporation to a full for-profit model. CEO Sam Altman is said to have shared this possibility with shareholders recently. If this change occurs, OpenAI’s non-profit board would lose control of the company. This comes as Altman has reshuffled the board, adding new members including former CEO of the Bill and Melinda Gates Foundation Sue Desmond-Hellmann, former Sony VP Nicole Seligman, and Instacart CEO Fidji Simo. The addition of retired U.S. Army general and former NSA director Paul Nakasone has sparked criticism from former U.S. intelligence contractor Edward Snowden.

Telecommunications giant T-Mobile Deutsche Telekom is set to start Bitcoin mining, adding to its existing crypto activities. The company has been operating a Bitcoin node and Bitcoin Lightning nodes since 2023. The announcement was made by Dirk Röder, Head of Web3 Infrastructure and Solutions at Deutsche Telekom, at BTC Prague. The firm has been a Polygon validator since June 2023, offering staking and validation services on Polygon and supporting its proof-of-stake consensus mechanism. In addition, Deutsche Telekom partnered with Fetch.ai in February to establish enterprise AI and support AI-driven autonomous agents.

Ethereum co-founder Vitalik Buterin has praised the new Token for Image Tokenizer (TiTok) compression method for its potential blockchain applications. The TiTok method, developed by ByteDance and Technical University Munich researchers, significantly reduces image size without losing quality, making it more suitable for blockchain storage. Buterin highlighted TiTok’s potential on the decentralized social media platform Farcaster, stating that the reduced image size is "small enough to go on chain for every user.” This development could have significant implications for digital image storage of profile pictures and non-fungible tokens (NFTs).

Bitcoin's price has dipped to a one-month low, falling by 3.5% to $64,950 on June 14. This brings the week-to-date losses to over 6.7%, marking the lowest levels since mid-May. Crypto experts are now watching the cost basis of hodlers (long-term holders) as a potential indicator of future price movements. Short-term holders, who hold Bitcoin for up to 155 days, have a cost basis of $62,200. Meanwhile, those hodling for three to six months have a realized price of $55,500. Long-term holders, or "diamond hands," have their cost basis at $24,300. Market watchers are now speculating on whether the Bitcoin price will fall below $60,000.

Blockchain technology and smart contracts are set to revolutionize traditional procurement processes, enhancing efficiency, transparency, and trust. By recording every transaction on an immutable ledger, organizations gain unprecedented visibility into their supply chain. Smart contracts automate procurement processes, reducing errors and accelerating transactions. However, implementation faces challenges due to lack of standardization, unclear legal frameworks, and technical complexity. A phased approach, involving use case identification, proof-of-concept development, and solution scaling, is recommended for smooth transition.

Australia's largest stock exchange, the Australian Securities Exchange (ASX), has given the green light to its first spot Bitcoin exchange-traded fund (ETF), set to start trading on June 20. The issuer of the VanEck Bitcoin ETF is investment firm VanEck, which was approved to trade spot Bitcoin ETFs in the US earlier this year. This move comes as demand for Bitcoin exposure grows in Australia. Previously, two other Bitcoin ETFs have launched in Australia, with the Monochrome Bitcoin ETF recently starting trading on the Cboe Australia exchange.

Curve founder Michael Egorov has fully repaid the $10 million in bad debt that arose from soft liquidations triggered by a hacking attempt on June 13. The incident caused a 28% drop in Curve's token, CRV. Egorov proposed burning 10% of CRV tokens, worth $37 million, to stabilize the token's price and offered increased APY to incentivize voters. Despite the crisis, Egorov praised the performance of LLAMMA's soft liquidation mechanism, which gradually liquidates a borrower's funds and closes out the loan when the borrower's health hits 0%.

El Salvador's President Nayib Bukele is proposing the establishment of private investment banks that will offer Bitcoin investors access to financial services with fewer restrictions than traditional banks. The proposed Bank for Private Investment (BPI) will not face the same stringent laws as traditional banks, including restrictions on overseas engagement and loan limitations. If approved, these banks must be created with a minimum share capital of $50 million and require at least two shareholders. The BPI would be able to operate in any legal tender, including the US Dollar and Bitcoin.

NiceHash, a cloud-based crypto mining platform, has partnered with Marathon Digital to launch a new firmware product for retail and home miners. The product, dubbed NiceHash Firmware Powered by MARA, combines features from both companies and is compatible with a variety of ASIC mining machine models. Users will pay a 2% fee, or 1.4% when using the NiceHash pool. The firmware also supports dedicated algorithms and features like autotuning, temperature control, and a mobile app for offsite ASIC management. This move aims to enhance the performance and profitability of Bitcoin miners of all sizes.

Executives from top US crypto mining companies Marathon Digital Holdings, Riot Platforms, and CleanSpark have launched the Bitcoin Voter Project, a nonprofit aimed at educating voters about Bitcoin. The organization, registered as a 501(c)(4), is nonpartisan and cannot primarily support a single candidate or political party. The project, which has been in the works for a while, aims to identify and educate voters who may not be aware of cryptocurrencies. The group plans to support crypto-friendly lawmakers and policies in Congress, although it is not currently endorsing specific candidates. The Bitcoin Voter Project has about $5 million available for research and voter education.

Crypto miners Riot Platforms and Bitfarms are locked in a corporate dispute, with Riot recently increasing its stake in Bitfarms to 13.1%. This comes after Bitfarms suggested a “poison pill” strategy to prevent Riot from acquiring more than 15% of the company. In other news, Tether plans to invest $1 billion in emerging markets, AI, and biotech over the next year. Ripple Labs has acquired digital asset custodian Standard Custody, a move that could help Ripple launch a US dollar stablecoin. Circle is adding support for the Solana blockchain, and Fireblocks has partnered with Coinbase to expand its trading services.

Uniswap Labs' recently acquired online survival game, Crypto: The Game (CTG), is in the running for an Emmy nomination in the Outstanding Emerging Media Program category. The game, which costs 0.1 Ether (ETH) to play, involves ten "tribes" of 80 players competing in daily "immunity challenges". The last survivor wins the pot of entry money, less a 10% game maintenance fee. CTG was launched in January and is preparing for its third season. Uniswap Labs, known for its Ethereum-based decentralized cryptocurrency exchange, acquired CTG on June 11. The game is up against virtual reality experiences, games and products from various personalities for a place in the Emmy competition.

Bitcoin has been testing the $65,000 support level since June 14, but hasn't closed below $66,000 since May 17. Despite not breaking the $72,000 resistance, regulatory sentiment is improving and Bitcoin derivatives metrics show limited downside.

In the US, lawmakers passed a Congressional Review Act to explore an SEC rule requiring listed companies to record crypto assets as both assets and liabilities. Despite a veto from President Biden, the move shows growing crypto influence in US politics.

The Federal Reserve is under pressure to lower interest rates to prevent recession, with inflation above the 2% target and unemployment rising slightly. Meanwhile, Bitcoin's price dropped 8.5% between June 6 and June 14, but its primary derivatives metric remained stable, suggesting a strengthening of the $65,000 support level.

Crypto hacks have cost the industry $19 billion over the past 13 years, with 785 reported incidents, according to a report by Crystal Intelligence. Meanwhile, Terraform Labs has ceased operations and handed control to the Terra community following a $4.47 billion settlement with the SEC. In other news, the Solana Foundation has taken action against validators involved in sandwich attacks on traders. Lastly, Curve Finance's founder, Michael Egorov, has repaid 93% of $10 million in bad debt from a recent soft liquidation. The DeFi market has had a bearish week, with the total value locked in protocols reaching $101 billion.

Bitcoin's price has dipped by 6.5% over the past week, trading 10% below its all-time high of $73,835. However, analysts believe a trend reversal could be on the horizon due to positive investor interest and onchain data. Bitcoin's price has been oscillating between $58,000 and $72,000 for over ten weeks, retesting a zone that previously posed strong resistance. Analysts note that this area is now supporting Bitcoin, as the ongoing sell-off hasn't significantly pulled the price below this range. Additionally, Bitcoin's balance on exchanges has reached a five-year low, indicating that investors may be withdrawing their tokens in anticipation of a future price increase.

Despite a recent 15% drop from its multi-year high, Ether (ETH) is still considered one of the altcoins with the most upside potential. Analysts believe the Ethereum ecosystem holds a crucial support level, with expectations of a slow uptrend build-up following the recent approval of spot Ethereum ETFs by the U.S. Securities and Exchange Commission. Market data shows robust support just below the $3,400 level, with potential to absorb any selling pressure. Increased investor accumulation, evidenced by massive outflows from centralized exchanges, supports Ethereum's bullishness. This activity may be due to bullish events on the horizon, like the expected debut of a spot Ether ETF market.

Telegram's associated cryptocurrency, Toncoin (TON), has seen a 34.50% surge this month, reaching $8.33 on June 14. However, it's now at risk of a sharp correction due to a mix of bearish catalysts. The Toncoin market's daily relative strength index (RSI) is nearing the overbought threshold of 70, a signal that typically precedes TON price pullbacks. Furthermore, the TON price is testing a multi-week horizontal trendline resistance. If a correction occurs, TON could decline by 20% by the end of June. Despite the ongoing price growth, TON's funding rate is negative, indicating more shorts than longs in the market.

The tokenized real-world assets (RWA) market has surged to a whopping $8 billion in total value locked (TVL) this year. The rise in popularity of tokenized RWAs in decentralized finance (DeFi) began when bond yields in traditional finance outpaced low-risk DeFi yields during the bear market of 2022 to 2023. Several protocols have capitalized on higher borrowing costs and subdued DeFi activity by offering tokenized U.S. Treasurys and private loans in blockchain ecosystems. BlackRock, the asset management giant, has quickly become the largest provider of tokenized U.S. Treasurys with its BUIDL fund. RWA tokens have seen significant growth, with tokens like TrueFi, Ondo, Dusk, Clearpool, and TokenFi leading the charge.

Bitcoin (BTC) has dropped to the support of its narrow range, suggesting that the bears are keeping up the selling pressure. Veteran trader Peter Brandt said in a post on X that Bitcoin risks a fall to $60,000 and eventually to $48,000. However, the Bitcoin whales do not seem worried about the short-term uncertainty and have continued their purchase. The number of whale entities holding at least 1,000 Bitcoin is nearing its all-time high. MicroStrategy said in a press release that it intends to offer $700 million in convertible senior notes due in 2032, the proceeds of which will be used to acquire more Bitcoin and for “general corporate purposes.” MicroStrategy holds 214,400 BTC today.