Binance News

Binance Wallet announced on X that its Binance Alpha “blind box” event is now live, using an upgraded Alpha blind box format with an airdrop pool consisting of two projects: Intuition (TRUST) and Bless (BLESS). Users holding at least 245 Binance Alpha Points can claim one token airdrop on the Alpha event page. Claims are processed on a first-come, first-served basis.
Eligibility and Claim Rules: To claim, users must have at least 245 Binance Alpha Points and will be able to claim once. Claiming an airdrop will consume 15 Binance Alpha Points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, the airdrop will be considered forfeited.
Reward Tiers and Token Amounts: At the time of claiming, users will be assigned to different reward tiers and receive one of the following rewards. For TRUST, the possible amounts are 585 tokens, 730 tokens, or 2,085 tokens. For BLESS, the possible amounts are 4,670 tokens, 5,835 tokens, or 16,670 tokens.
Threshold Adjustment Mechanism: If rewards are not fully distributed, the points threshold will automatically decrease by 5 points every five minutes, according to the announcement.

SpaceX's IPO structured its insider lock-up around a highly customized, staggered release rather than a traditional, flat six-month restriction. The timeline is designed to gradually increase the public float around specific earnings milestones and performance benchmarks, while completely excluding CEO Elon Musk and major institutional backers from early sales.
The lock-up schedule is especially important because SpaceX’s initial free float is only about 7.4%. That means the vast majority of the company’s share base remains locked at listing and will enter the market gradually.
Core Stakeholder Cohorts
Elon Musk Founder & CEO:
Musk holds approximately 40% of the economic interest and controls 85.1% of the company’s voting power. His shares are subject to an extended 366-day lock-up and are not eligible for any early release. His total stake is up to roughly 6.4 billion shares, which unlocks all at once after the 366-day restriction expires. However, around 1.3 billion shares are tied to performance milestones, meaning that although they may be contractually released from the lock-up, they remain milestone-restricted. As a result, approximately 5.45 billion shares could actually become sellable on the 366-day unlock date.Significant Investors:
Major pre-IPO institutional backers, likely including Alphabet/Google, Valor Equity Partners, and DFJ Growth, are also excluded from early sales. These investors hold around 1.76 billion shares and are subject to an extended lock-up. Their shares do not unlock all at once; instead, they are released in six staged tranches between March 2027 and August 2027.Employees & Early Backers / Regular Shareholders:
These holders, totaling about 4.7 billion shares, are the primary beneficiaries of the staggered early-release timeline laid out in SpaceX’s S-1 filing. Unlike Musk and significant investors, this group can begin selling well before the standard 180-day lock-up expiry.
Staggered Lock-up Timeline
Instead of waiting for the traditional 180-day cliff, employee and early-backer shares unlock in multiple tiers tied to corporate reporting, time-based milestones, and stock-price performance.
First Q2 Earnings Unlock:
Up to 20% of eligible restricted shares can be sold right after SpaceX releases its Q2 earnings call. Earnings calls typically occur between mid-July and September.Performance-Based Booster:
An additional 10% of shares unlocks if the stock trades 30% or more above the IPO price during 5 of 10 consecutive trading days after the first earnings release. This effectively acts as a stock-price early release trigger, set at 130% of the IPO price.Time-Based Tranches:
7% of shares unlock at each of five rolling post-IPO dates: Day 70, Day 90, Day 105, Day 120, and Day 135.Q3 Earnings Unlock:
Another 28% of shares become sellable upon the release of the Q3 earnings call, usually taking place between mid-October and December.180-Day Full Expiry:
All remaining restricted shares held by regular shareholders become fully eligible for sale by Day 180. The early-release triggers can bring supply forward, but the total amount released by Day 180 is the same either way.
Market Implications
Days 180 and 366 are the two most important unlock points because they release the majority of restricted shares. However, SpaceX’s lock-up schedule is unusually aggressive compared with most IPOs.
In a typical IPO, insiders are restricted by a single 180-day lock-up cliff, sometimes with limited exceptions tied to earnings releases or modest stock-price-based partial unlocks. SpaceX’s structure is much more flexible and front-loaded. Regular shareholders can begin selling within a couple of months of listing, and supply is continuously drip-fed into the market throughout the lock-up period.
This creates a more complex trading setup. On one hand, repeated unlocks may pressure the stock by increasing available supply and raising the risk of large shareholder sell-downs. On the other hand, the gradual expansion of the free float could improve liquidity and eventually lead to higher index inclusion weightings, which may attract incremental passive fund demand.
Source: Intropic, Yahoo Finance

TD Cowen raised its price target on Alphabet (GOOG.O) to $475 from $450.
According to Jin10, the firm increased the target price without providing additional details in the report.

A 5x-leveraged SpaceX-linked perpetual contract on Hyperliquid, tickered SPCX, has fallen about 27% over the past three weeks from its mid-May launch, trading near $157 after briefly touching $230. Despite the slide, SPCX still trades above SpaceX’s fixed $135 IPO offer price, implying an expected first-day premium of roughly 16%, down from about 60% in May, according to CoinDesk. The cash-settled derivative gives no claim on SpaceX shares and may be weakening amid broader crypto market pressure and investors raising cash for the oversubscribed offering.

Venture capitalist and billionaire Tim Draper said quantum computing is more likely to compromise traditional banking systems before it can break blockchain networks.
According to ChainCatcher, Draper wrote on X that he believes Bitcoin is safer than holding U.S. dollars in a bank account. He argued that even if a blockchain were to face a serious issue, full-node operators could roll back to the last secure block and keep the network running, while the dollar and banking system would not have an equivalent recovery option.
Draper also predicted that as retailers begin accepting Bitcoin, it will eventually fully replace the U.S. dollar.

The TON community has approved a proposal to rename its token from TON to GRAM, with 81.22% voting in favor.
According to Foresight News, the name change will take effect at 20:00 UTC+8 on 2026 June 15.
TON said the token name will change, while other aspects will remain unaffected.

Russia’s State Duma passed a government-submitted cryptocurrency tax reform bill in its first reading, aiming to clarify tax rules for digital assets.
According to ChainCatcher, the draft would calculate the taxable base for crypto transactions as the positive difference between income and costs, and allow investors to offset profits and losses within the same tax period across digital currencies and foreign digital rights assets.
The bill would also require brokers and trustees involved in cryptocurrency and foreign digital rights transactions to withhold and remit personal income tax, and to keep related transaction records for at least five years.
At the corporate level, the draft would include foreign trade income and expenses involving digital assets in the corporate income tax base, excluding cryptocurrency mining. It would also treat foreign digital rights assets as cryptocurrency for tax purposes.
Separately, the State Duma’s Budget and Taxes Committee recommended further revisions for the second reading that would require licensed crypto exchange platforms to act as tax agents by withholding personal income tax directly when users buy or sell cryptocurrency.

STG rose more than 40% after an address withdrew 8 million STG from a centralized exchange (CEX). According to BlockBeats On-chain Detection, the withdrawal was made from a CEX on June 10.
The report noted that after STG was acquired by ZRO, STG can only be converted one-way into ZRO at a fixed rate of 1 STG to 0.08634 ZRO.
ZRO’s price was reported at $0.84 and did not rise. Based on the stated conversion ratio, the implied STG price would be around $0.07, while STG was trading at $0.36, according to the report.

Morpho has raised $175 million in a funding round that valued the company at $2 billion.
According to Foresight News, Fortune reported that the round was led by Paradigm, Ribbit Capital, and a16z crypto.
Other participants included Apollo Funds, Circle’s venture capital arm, and VanEck.

Humanity said it is preparing a recovery plan for users affected by a recent attack and has set up a real-time tracking page for the attacker’s address and downstream transfers. According to Foresight News, the tracking page has been shared with centralized and decentralized exchanges and aggregators, and will be updated on an ongoing basis.
The team also offered a bounty of 1 million USDT for information that could help recover the stolen funds. Humanity said any recovered funds will be used to buy back its H token.
Foresight News previously reported that Humanity disclosed about $36 million was stolen and sold across two chains.

Key Takeaways
Several major cryptocurrencies have fallen into historically attractive accumulation zones, according to onchain analytics firm Santiment.Bitcoin, Ethereum, XRP, Chainlink and Cardano all posted negative 30-day MVRV readings after the recent market correction.Cardano currently shows the deepest unrealized losses among recent buyers, earning a "strong buy" classification from Santiment.Analysts caution that valuation signals alone may not be enough to sustain a rally without fresh capital inflows.
Major Cryptocurrencies Reach Historically Bullish MVRV Levels
A recent market pullback has pushed several leading cryptocurrencies into valuation ranges that have historically preceded recoveries, according to data from onchain analytics platform Santiment.
The firm's 30-day Market Value to Realized Value (MVRV) metric, which measures the average profit or loss of investors who purchased an asset over the previous 30 days, has turned negative across several major digital assets.
Negative MVRV readings generally indicate that recent buyers are holding unrealized losses, a condition that has often coincided with market bottoms and accumulation phases.
Bitcoin and Ethereum Slip Into Accumulation Territory
According to Santiment's latest analysis:
Bitcoin shows a 30-day MVRV of approximately -10%Ethereum stands near -12%Chainlink records around -9%XRP sits near -8%Cardano has fallen to roughly -18%
Santiment classifies Bitcoin, Ethereum, XRP and Chainlink as being in "fair buy" territory, while Cardano has entered a "strong buy" zone due to its deeper unrealized losses.
Why Negative MVRV Matters
The MVRV ratio is widely used to identify periods when investors are either sitting on significant profits or substantial losses.
Historically, deeply negative MVRV readings have often appeared near market bottoms because weaker holders tend to capitulate after sustained losses, reducing selling pressure and creating opportunities for long-term investors to accumulate.
As a result, these levels are often viewed as signs that downside momentum may be becoming exhausted.
Relief Rally May Already Be Underway
Santiment noted that several assets have already begun bouncing from these oversold conditions, suggesting a relief rally may be developing.
However, analysts emphasize that MVRV is a valuation and sentiment indicator rather than a measure of actual capital flows.
While assets may appear undervalued, sustained upside momentum typically requires new demand entering the market.
ETF Outflows Remain a Headwind
Despite improving valuation metrics, broader market flows remain mixed.
Recent ETF data showed persistent outflows from crypto investment products through late May, indicating that institutional demand has not yet fully returned.
For the current rebound to evolve into a stronger uptrend, analysts say fresh capital inflows will likely need to accompany the improving onchain signals.
For now, the negative MVRV readings suggest that recent sellers may be exhausted, but whether that translates into a sustained market recovery will depend on investor demand in the weeks ahead.

Humanity Protocol has suffered one of the most damaging exploits of 2026, with attackers stealing and selling more than $36 million worth of H tokens across Ethereum and BNB Chain after compromising private keys through a hacked employee laptop. The attack minted 300 million unauthorized H tokens, drained BSC liquidity pools to just $13, and sent the on-chain H token price crashing 99.9% — while the centralized exchange perpetual contract price remained at $0.09, creating a 100-times price divergence that has effectively split H into two unrelated assets.
How the attack unfolded
According to Humanity Protocol's official incident update, the attack originated from a compromised employee laptop that leaked the multi-signature wallet keys controlling the Hyperlane Bridge ProxyAdmin. On Ethereum, the attacker obtained three of six Gnosis Safe owner private keys — enough to reach the signing threshold — transferred ownership of the ProxyAdmin contract to a wallet under their control, and upgraded the bridge contract to a malicious implementation. A single transaction then transferred approximately 141.2 million H tokens to the attacker's wallets.
On BNB Chain, the attacker obtained three of five Safe wallet owner keys through the same compromise vector, took over the ProxyAdmin in identical fashion, and deployed a malicious contract with unlimited minting capabilities — directly minting 200 million H tokens across two transactions.
The attack lasted approximately 13 hours, during which the attacker continued issuing and selling H tokens on BSC, squeezing liquidity from the pool until virtually nothing remained. Cumulatively, the attacker minted approximately 300 million H tokens and sold approximately 450 million — including previously circulating supply — cashing out roughly $34 million in ETH and BNB. On-chain liquidity in the H pool on BSC was reduced to approximately $13 at the time of reporting.
ZachXBT: two separate events, but pre-exploit price pump raises questions
On-chain investigator ZachXBT released an analysis concluding that the Humanity team is likely not behind a "rug pull" or "self-directed performance" — the private key leak disclosure appears genuine and the team does not appear to have orchestrated the theft. However, ZachXBT identified a separate and concerning pattern: before the exploit and before the upcoming token unlock scheduled for approximately June 25, the price of H tokens was artificially pumped through what appear to be suspicious market-making agreements and large over-the-counter transactions.
ZachXBT's assessment is that the private key compromise and the pre-exploit price pump are independent events — but the timing raises the question of whether the price inflation was designed to ease selling pressure ahead of the investor and early contributor token unlock, regardless of its connection to the hack itself. The investigation is ongoing.
Token price collapse: a tale of two markets
The on-chain destruction of H's liquidity has created an extraordinary market bifurcation. The H token price on BSC dropped 99.9% to approximately $0.0009 as liquidity was drained to near zero — essentially making on-chain H worthless in practical terms. Meanwhile, the perpetual contract price on centralized exchanges remained at approximately $0.09 — a 100-times premium over the on-chain spot price. H has effectively become two unrelated assets depending on where it is traded, with the on-chain version reflecting the catastrophic liquidity destruction and the CEX version reflecting delayed price discovery in a market that has not yet fully processed the exploit's implications.
Humanity Protocol's response
The project has suspended all deposit and withdrawal operations for affected bridging services and is working with exchanges and other relevant partners to mitigate further losses. Humanity Protocol stated it is cooperating closely with law enforcement to investigate the incident and attempt to recover stolen funds. An internal investigation is also underway.
A growing pattern of private key exploits
The Humanity Protocol hack continues a disturbing trend of private key compromises that has defined crypto security in 2026. The largest this year was the Drift Protocol exploit in April, where attackers affiliated with North Korea's Lazarus Group gained control of security council admin keys resulting in $280 million in losses. Other private key exploits this year include Step Finance, Resolv, Volo Vault, Echo Bridge, Bankr, Polymarket, StablR, Stake DAO, Gravity Bridge, and Aelphium Bridge. CertiK reported that wallet and private key compromises were the second most costly attack vector in May, with $13.7 million stolen in that month alone.
The Humanity Protocol incident underscores that multi-signature wallet structures — while more secure than single-key systems — remain vulnerable when the individual keyholders' devices are compromised at the endpoint level. Three compromised keys out of six or five is sufficient to reach signing thresholds in standard multi-sig configurations, making endpoint security of keyholder devices as critical as the smart contract architecture itself.

ProShares said it plans to launch the Ultra SpaceX ETF (SPCF) on June 12, targeting 2x the daily returns of SpaceX. According to BeInCrypto, CEO Michael Sapir said the fund lets traders magnify a bullish view on SpaceX without borrowing on margin on IPO day, and it will join ProShares’ lineup of leveraged single-stock ETFs.
Separately, Reuters reported SpaceX’s IPO has drawn more than $250 billion in orders versus a $75 billion target, implying roughly 3.5 to 4 times oversubscription; books close Wednesday, pricing is set for June 11, and shares are expected to start trading on Nasdaq on June 12.

Key Takeaways
Bitcoin demand has dropped to its weakest level since 2019, according to CryptoQuant data.Combined spot and perpetual futures demand declined by approximately 650,000 BTC over the past 30 days.Both leveraged traders and spot buyers appear to be reducing exposure simultaneously.Historical trends suggest such extreme contractions often precede periods of heightened volatility and extended consolidation rather than immediate market bottoms.
Bitcoin demand has entered one of its most severe contraction phases in more than six years, raising concerns that the market may be entering a prolonged consolidation period before establishing a new trend.
According to CryptoQuant analyst MorenoDV, the combined growth in spot and perpetual futures demand over the last 30 days has fallen to roughly -650,000 BTC, a level seen only three times since 2019. The decline represents one of the sharpest demand contractions in Bitcoin's history and significantly exceeds the magnitude typically observed during standard market corrections.
Spot and Derivatives Demand Both Retreat
The current downturn is notable because weakness is appearing across both major segments of the market.
Spot demand continues to decline, indicating reduced participation from long-term investors and direct buyers. At the same time, perpetual futures demand has also contracted, suggesting that leveraged traders are pulling back risk exposure.
The simultaneous decline across spot and derivatives markets points to a broad reduction in market activity, with marginal buying pressure weakening considerably.
Market Structure Suggests Further Consolidation
MorenoDV noted that the current market environment resembles the early stages of a “cleansing phase” rather than a confirmed trend reversal.
Historically, periods characterized by extreme demand contraction have often been followed by elevated volatility before transitioning into longer phases of consolidation and base-building. Rather than signaling an immediate bottom, these conditions have frequently appeared before additional market turbulence.
As a result, Bitcoin could experience a period of low-volume, low-momentum trading following recent volatility as market participants reassess risk and liquidity conditions.
Historical Precedents Remain Cautious
Previous instances of similar demand collapses occurred during major market stress events, including the 2022 crypto bear market. In those cases, the indicator did not mark an immediate bottom but instead coincided with continued volatility and extended accumulation periods.
While the current reading highlights weakening market participation, analysts caution that it should not be interpreted as a standalone bullish signal. Instead, it suggests that Bitcoin may still need to undergo a longer process of consolidation before a sustainable recovery can emerge.
For investors, the data indicates that market demand remains fragile, with both speculative and organic buying activity still searching for a stronger catalyst to reignite momentum.

Key Takeaways
Tether’s (USDT) market dominance surged 13.5% last week to 9%, marking its largest weekly increase since March 2025.The rise coincided with a sharp Bitcoin sell-off that saw BTC briefly fall below $60,000.A bullish “golden cross” has formed on the USDT dominance chart, historically signaling increasing risk aversion across crypto markets.Despite higher dominance, Tether’s market capitalization declined for a third consecutive week, suggesting some capital exited the crypto market entirely rather than rotating into stablecoins.
Tether’s dominance across the cryptocurrency market surged last week as investors sought refuge from heightened volatility, raising concerns that risk appetite remains weak despite recent recovery attempts.
According to TradingView data, USDT dominance climbed 13.5% to approximately 9%, recording its strongest weekly increase since March 2025. The move came as Bitcoin suffered one of its steepest weekly declines in months, falling between 14% and 16% and briefly dropping below the $60,000 level.
USDT Golden Cross Signals Risk-Off Sentiment
A key technical development emerged on the USDT dominance chart as the 50-week moving average crossed above the 200-week moving average, forming a bullish “golden cross.”
While a golden cross is typically viewed as a bullish signal, rising USDT dominance often carries bearish implications for the broader crypto market. The metric measures Tether’s share of total cryptocurrency market capitalization and tends to increase when investors rotate out of volatile digital assets and into dollar-pegged stablecoins.
The latest signal suggests that defensive positioning may continue as traders seek protection from ongoing market uncertainty.
Capital Appears to Be Leaving Crypto
Notably, Tether’s market capitalization fell 0.7% to roughly $186.9 billion during the same period, extending its decline to three consecutive weeks.
The combination of rising dominance and falling market capitalization suggests that capital is not simply moving into stablecoins and waiting on the sidelines. Instead, a portion of investors appears to be converting crypto holdings into fiat currencies and exiting the market altogether.
This dynamic reflects broader risk aversion as investors respond to persistent weakness in digital asset prices.
Bitcoin Faces Additional Headwinds
The increase in USDT dominance comes amid several challenges for the crypto market, including Bitcoin’s sharp correction, continued pressure on institutional demand, and competition from other risk assets.
Historically, sustained increases in stablecoin dominance have coincided with periods of weaker performance for Bitcoin and altcoins, as investors prioritize capital preservation over risk-taking.
Until USDT dominance begins to reverse lower, indicating capital rotating back into cryptocurrencies, market participants may remain cautious about the sustainability of any near-term recovery in Bitcoin and the broader digital asset market.

Privacy coins rose 4.5% on Monday, led by Zcash (ZEC) up about 7% and Monero (XMR) up close to 7.6%, while Dash (DASH) gained 1.6% even as the sector remains down 12% on the month. The move followed a sentiment hit tied to a Zcash bug in its shielded pool, according to BeInCrypto, while on-chain activity held up better than prices across Zcash, Monero, Dash and Decred. The report said smart money is net short about $9.6 million on Zcash and $1 million on Monero, while Zcash exchange inflows hit $42.5 million over seven days.

Tokenized real-world assets have become one of the clearest bright spots in an otherwise troubled crypto market, with active tokenized RWAs surging 589% from early 2025 to June 2026 according to Binance Research's latest Monthly Market Insights report. The growth is happening in parallel with — not because of — the broader crypto market recovery, making it one of the few sectors demonstrating genuine structural momentum even as Bitcoin fell sharply in early June on macro headwinds and rising rate expectations.
"2026 marks RWA tokenization's maturation from a Treasury-dominated narrative into a diversified yield ecosystem," Binance Research said.
The numbers: bonds lead in dollars, stocks lead in growth rate
Bonds and money market funds led the tokenized RWA sector in absolute dollar terms, growing 83% and adding $6.5 billion in value during the period. The dominance of this category reflects the institutional preference for yield-bearing, low-risk instruments as the foundational use case for tokenization — a thesis validated by Moody's recent AAA ratings for BlackRock and Fidelity tokenized money market funds.
Tokenized stocks recorded the fastest percentage growth, with their market value jumping 422%. Much of that momentum was driven by platforms including Ondo Global Markets, which offers tokenized stocks and ETFs and surpassed $1 billion in total value locked within eight months of its launch — a pace of adoption that illustrates how quickly institutional and retail appetite for on-chain equity exposure is developing when the product infrastructure is available.
Tokenized precious metals added $1.5 billion in value — a 39% increase — with most gains concentrated in January and February as geopolitical uncertainty from the US-Iran conflict fueled demand for safe-haven assets. Tokenized gold briefly surpassed $6 billion in total value before momentum cooled as underlying gold prices retraced from their $5,600 all-time high. Gold has since entered bear market territory, dropping below its 200-day moving average.
Tokenized SpaceX shares: retail meets institutional tokenization
The launch of tokenized SpaceX shares has brought fresh mainstream attention to the tokenization sector at exactly the right moment. Kraken now offers access to a tokenized equivalent of SpaceX's private company stock through the xStocks platform, which has recorded cumulative trading volume exceeding $25 billion within approximately eight months of launch. The SpaceX tokenized share offering is particularly significant given that the company's traditional IPO — expected Friday June 12 — is being positioned as one of the most consequential public market events of the decade, with a $1.25 trillion valuation. Tokenized access to pre-IPO and post-IPO SpaceX shares democratizes participation in a listing that would otherwise be accessible only to institutional investors and ultra-high-net-worth individuals during the private phase.
Banks building the infrastructure: tokenized deposit networks
Institutional adoption is extending beyond investment products into core financial infrastructure. The Clearing House — backed by JPMorgan Chase, Citibank, Bank of America, BNY, and Wells Fargo — plans to launch a tokenized deposit network next year, according to the Wall Street Journal. The network is designed to modernize payments and compete with the rapid growth of stablecoins — an acknowledgment from the largest US banks that blockchain-based settlement is becoming a competitive necessity rather than an optional innovation.
In real estate, Apex Group has begun providing fund services using Goldman Sachs' Digital Asset Platform, underscoring growing demand for blockchain-based settlement and administration in an asset class that has historically been among the least liquid and most difficult to access for smaller investors.
Why RWAs are outperforming as crypto falls
The 589% growth in active tokenized RWAs during a period when Bitcoin fell from $126,000 to below $60,000 reveals the structural nature of the tokenization trend. Unlike speculative crypto assets whose valuations are primarily driven by sentiment, liquidity cycles, and narrative momentum, tokenized RWAs derive their value from underlying assets with established cash flows and institutional demand — bonds, equities, real estate, and precious metals. Those underlying assets do not disappear during crypto bear markets.
The divergence also reflects where institutional capital is actually going in 2026. Banks, asset managers, and regulators are building tokenization infrastructure regardless of Bitcoin's price — because the efficiency gains from blockchain-based settlement, 24-hour trading, programmable distributions, and fractional ownership apply to traditional finance whether or not the broader crypto market is in a bull or bear cycle.
Binance Research's framing of 2026 as the year tokenization matured from a "Treasury-dominated narrative into a diversified yield ecosystem" is the most important characterization in the report. The first phase of RWA tokenization was essentially money market funds and Treasury bills — low-risk, high-liquidity instruments that institutions were comfortable putting on-chain first. The current phase is adding equities, real estate, precious metals, and corporate bonds — a diversification that suggests the infrastructure is proving robust enough for more complex and varied use cases.

Forward Industries, described as Solana’s largest treasury company, made a non-binding all-stock acquisition offer to Brera Holdings PLC (SLMT), which holds 2.1 million SOL.
According to Odaily, the offer valued SLMT at a 30.7% premium, but Brera rejected the proposal.

Stocks fell on Wednesday, extending a volatile week as tech shares led declines amid concerns about elevated valuations and possible US interest rate hikes. Worries over the Middle East crisis also weighed on sentiment and lifted oil prices after US and Iranian forces exchanged fire, according to RTHK, just hours after U.S. President Donald Trump said a peace deal to reopen the Strait of Hormuz was close.
Investors are awaiting the release later in the day of the US consumer price index, expected to be the highest in more than three years, after forecast-beating US jobs figures on Friday fueled rate-hike expectations. Crude rose 1% on Wednesday as prospects dimmed for a deal to reopen the Strait of Hormuz, after falling as much as 5% at one point on Tuesday on optimism a deal would be struck.
In Hong Kong, the Hang Seng Index fell 123 points, or 0.5%, to open at 24,442. Elsewhere in Asia, Seoul dropped more than 3%, with the Kospi having swung more than 8% in either direction on Monday and Tuesday following the US jobs data; Tokyo and Taipei were also lower, while Shanghai, Singapore and Wellington opened down. Manila and Sydney rose, and Jakarta gained as the rupiah strengthened after a surprise rate hike by Indonesia’s central bank.

The CBOE Oil Volatility Index (OVZ) has fallen back to 57.63%, matching levels seen in the final week of February before the Iran war began, after spiking above 120% when the conflict broke out. According to CoinDesk, the cooling in energy-market fears is a positive sign for risk assets, but bitcoin has moved the other way, with 30-day implied volatility (BVIV) rising from 36% to as high as 59% since early last week and now around 50%, amid spot ETF outflows, Strategy’s BTC sales and inflation concerns.

Binance will delist seven spot trading pairs on June 12, 2026 at 03:00 UTC as part of its periodic review of listed pairs, citing factors including poor liquidity and trading volume.
Pairs being removed
ADA/BNB, DUSK/BTC, EGLD/ETH, ENSO/BNB, LSK/USDC, NIGHT/BNB, and S/BNB will all cease trading at the scheduled time.
What this means for users
The removal of these trading pairs does not affect the availability of the underlying tokens on Binance Spot. All base and quote assets — including ADA, DUSK, EGLD, ENSO, LSK, NIGHT, and S — remain tradeable through other active pairs on the platform.
Spot Trading Bots running on any of the seven affected pairs will also be terminated at 03:00 UTC on June 12. Binance strongly advises users to update or cancel any active Spot Trading Bots on these pairs before the deadline to avoid potential losses from automated orders executing against illiquid or closed markets.
Users with open positions or active strategies on any of the listed pairs should review and adjust their setups ahead of the June 12 cutoff.

Market discussion has centered on whether Wall Street interest in a leveraged SK Hynix ETF is amplifying volatility in South Korean equities.
According to Jin10, Southern Dongying, which manages the world’s largest leveraged SK Hynix ETF, said it had not found a significant link between its product and fluctuations in SK Hynix’s share price.
The firm said that even during periods of the most intense volatility, the ETF’s impact on the stock price was less than 0.3%.

People familiar with the matter said SK Hynix plans to list in the United States as early as August. According to Odaily, the U.S. Securities and Exchange Commission is likely to approve SK Hynix’s application to list American depositary receipts (ADRs) during the week of June 22.
In a statement, SK Hynix said it plans to issue ADRs in 2026, but specific details, including the size and timing, have not been determined.
SK Hynix announced in March that it had confidentially submitted an application for a U.S. listing. A source said at the time that the offering could raise up to $14 billion.

South Korea’s benchmark KOSPI underwent a sharp two-day correction amid negative news from U.S. equities and a steep sell-off in semiconductor shares. According to Jin10, Yonhap News Agency reported that during the adjustment period, overdraft account balances at major commercial banks rose by more than 600 billion won.
Analysts said the increase suggested that some retail investors began using overdraft facilities to finance leveraged stock purchases after the market drop, betting on a rebound.

South Korea’s KOSPI fell sharply on Monday, June 8, then rebounded 8.18% the next day in its strongest one-day recovery of 2026. The move was led by Samsung Electronics and SK Hynix, according to BeInCrypto, after a wider rally in global chip stocks that lifted Intel, Micron and the Nasdaq overnight. SK Hynix dropped 7.7% before jumping 16.01% in the next session, while Samsung fell 10.2% then recovered 9%. The sell-off began on June 4 after the Nasdaq slid 4.18% on disappointing Broadcom AI chip guidance.

Shanghai gold futures closed down 1.51% at 935 yuan per gram, while Shanghai silver futures ended 4.06% lower at 15,758 yuan per kilogram. According to Jin10, the main SC crude oil futures contract settled down 2.11% at 575 yuan per barrel as of the 2:30 close on June 10.

U.S. stocks ended mixed as the U.S. military carried out what it called a “self-defense strike” on Iran, with official wording appearing aimed at downplaying escalation risks. according to Ming Pao, ahead of the U.S. CPI release, traders positioned for the Federal Reserve to raise rates as soon as September.
The Dow Jones Industrial Average rose 86 points, or 0.17%, to 50,872, while the S&P 500 fell 19 points, or 0.26%, to 7,386. The Nasdaq Composite dropped 250 points, or 0.97%, to 25,678, and the Nasdaq Golden Dragon China Index slipped 0.4% to 6,298.

Shell CEO said oil markets have faced a supply gap of 1.2 billion barrels due to events related to the Strait of Hormuz. According to Odaily, the CEO attributed the shortfall to the Strait of Hormuz-related situation.

SPDR Gold Trust, the world’s largest gold ETF, reported a decline in its gold holdings from the previous day. According to Jin10, the fund’s holdings fell by 3.426 tons to 1,016.495 tons.

Asian stock markets retreated on Wednesday as concerns over the Middle East crisis unnerved investors. According to RTHK, Hong Kong's Hang Seng Index fell 0.6% to 24,407, with tech stocks leading the decline.
Shanghai closed almost 0.5% lower and Shenzhen fell 2%. In South Korea, Samsung dropped 6.1% and SK Hynix slid 7.5%, sending the Kospi down 4.5%, while Tokyo fell nearly 2% as SoftBank lost more than 8%.

A White House official said negotiations on an agreement aimed at preventing Iran from obtaining nuclear weapons are making positive progress, Saudi Arabian television reported.
According to Odaily, spot gold briefly rose by more than $30, while U.S. and Brent crude oil prices declined.

Bank of America Securities said the Bank of Japan may tighten monetary policy more slowly than the inflation outlook would warrant. According to Jin10, the firm forecast that the BOJ would raise its policy rate by 25 basis points in October this year, followed by additional 25-basis-point hikes in March 2027 and July 2027.
Bank of America Securities said it expected the BOJ to lift the terminal rate to 1.75% by the end of 2027.
The report said the risk of this gradual approach is that the central bank could fall behind the inflation curve. It added that if upward price pressures prove stronger than expected, the BOJ could be forced to raise rates at a faster pace or push the terminal rate higher in order to bring inflation back to its target.

U.S. stocks were mixed, while ADRs of Hong Kong-listed shares were mostly lower. According to Ming Pao, Tencent (0700) ADR rose 1.72% to an implied HK$451.65, Alibaba (9988) fell 0.3% to HK$117.26, Meituan (3690) gained 1.08% to HK$76.41, HSBC (0005) dropped 2.39% to HK$140.03, and China Construction Bank (0939) slipped 0.94% to HK$8.66.
The near-month Hang Seng Index futures night session closed down 182 points at 24,441, a 124-point discount to the cash market.

Starbucks is considering options for its Japan business, including a potential equity stake sale. According to Ming Pao, Bloomberg cited multiple people familiar with the matter as saying the multinational coffee chain is reviewing alternatives after it previously sold a majority stake in its China business.

The South Korean won strengthened against the U.S. dollar after reports said foreign-exchange buying tied to a SpaceX initial public offering had been absorbed. According to Jin10, the move followed market talk that the won’s earlier pressure from dollar-buying demand related to the SpaceX IPO had largely been digested.

Fitch Ratings said stricter enforcement in the mainland on brokers providing offshore investment services to mainland residents is weighing mainly on online brokers that have not strictly complied with regulatory requirements. According to Ming Pao, Fitch’s Asia-Pacific non-bank financial institutions ratings head Li Xinjia said client due diligence to ensure account-opening processes meet requirements is not new for brokers, but enforcement has recently become more stringent.
Li said larger brokers with bigger market share did not show major issues in recent investigations, while the impact is concentrated on online brokers with weaker compliance. He added that tighter supervision helps ensure securities firms operate in a fairer competitive environment, which is positive for the market’s healthy development.

SpaceX’s initial public offering has attracted institutional investor demand several times greater than the shares available, according to people familiar with the matter.
According to Odaily, the lead underwriter told investors earlier on Tuesday that demand increased further following meetings with management.
The sources said subscription orders have continued to rise since Monday. Some of the people said underwriting banks indicated that institutional allocations in the offering would be concentrated mainly among large, long-only investment management firms.
Foreign media reports said multiple institutional investors each placed orders for about $10 billion or more in shares.

International oil prices fell sharply on June 9.
According to Jin10, July delivery West Texas Intermediate (WTI) crude futures on the New York Mercantile Exchange dropped $3.10 to settle at $88.20 a barrel, a decline of 3.4%.
August delivery Brent crude futures in London fell $2.80 to settle at $91.45 a barrel, down 2.97%.

Bank of Japan Governor Kazuo Ueda is expected to be hospitalized for about two weeks and will miss next week’s BOJ policy meeting. According to Ming Pao, Deputy Governor Ryozo Himino will chair the meeting, while Deputy Governor Shinichi Uchida will handle the post-meeting press conference.