Japan's Lower House approved a crypto tax proposal to cut the top rate on digital-asset gains from about 55% to a flat 20% and to treat crypto as a financial instrument, with tax changes targeted for 2028 and possible ETF approvals as early as 2027. XRP traded around $1.14 after repeated tests of the $1.15 resistance zone, while traders watched $1.10 support and a potential move toward $1.20 if a daily close clears $1.15. Separately, SBI Holdings has applied to Japan's FSA for ETF products that include a spot Bitcoin-XRP structure and a hybrid Digital Gold-Crypto ETF, targeting up to $32 billion in AUM within three years.

JPMorgan says the macro "debasement trade" that previously pushed billions into Bitcoin and gold is unwinding, with the retreat accelerating for BTC. Bitcoin is trading above $63,000 after falling from an October peak above $126,000, while gold ETFs shed $20 billion in the week through June 5 and US spot bitcoin ETFs logged $2.1 billion of outflows in June. A Sygnum CIO argued the flows may reflect cash-and-carry arbitrage being closed rather than broad capitulation.

Bitcoin is trading around $62,000 and sits more than 50% below its all-time high as two major demand supports—ETF flows and corporate accumulation—appear to be weakening. In a market note, Glassnode said corporate-treasury net inflows dropped as BTC slid from the mid-$70Ks toward $60K, after earlier periods of $500 million+ in daily buying through April and May. The article also cites Strategy's late-May sale of 32 BTC and a subsequent $100 million dip buy that did not prevent a move below $60,000.

SIREN fell about 49% from its Tuesday peak and was trading near $0.76 with a market cap above $550 million, underscoring risks tied to concentrated token ownership. Maxi Doge (MAXI) has drawn attention as its multi-stage presale raised nearly $4.8 million toward a $5.1 million target, with tokens priced at $0.0002823.

Bitcoin is trading above $62,700 after a reported 10% weekly drop, with near-term levels centered on $61,500 support and resistance from $65,000 to $68,000. The analysis flags balance-sheet pressure at Michael Saylor's Strategy, citing 844,000 BTC worth $51.1 billion versus $21.8 billion of debt and preferred obligations. A break below $59,000 is framed as a risk point that could intensify selling, while holding $62,000 alongside ETF inflows could allow a move back toward $66,000.

Allegations outlined in a New York Times investigation say CFTC enforcement staff faced suspensions and internal probes after raising compliance questions about Trump-connected prediction-market applicants. The report also claims digital-asset enforcement slowed sharply in Trump's second term, while Trump-adjacent tokens such as the TRUMP memecoin have remained highly volatile amid regulatory uncertainty.

XRP is up about 3% as markets look toward the XRP Ledger’s June 15 activation of core server release 3.2.0. The update renames the server software from "rippled" to "xrpld" and is expected to cut server memory use by as much as 40%, potentially improving node efficiency and throughput. Traders are watching nearby resistance around $1.26 and support near $1.05 as the upgrade approaches.

On June 9, Bitcoin hovered above $63K as the Fear & Greed Index stayed in "extreme fear," while Sam Bankman-Fried resurfaced in headlines after a formal request for a Trump pardon. Humanity Protocol reported a private-key compromise that drained over $32M from 17 foundation wallets and pushed H from $0.70 to under $0.10. Markets also tracked mixed moves across majors, with BTC at $62,961.60 and ETH at $1,677.59.

Between June 1 and 7, Strategy bought 1,550 BTC for $101 million at an average price of $65,332, taking its holdings to 845,256 BTC and lifting USD reserves to $1 billion. After a 32 BTC sale last week at $77,135 each to fund preferred dividends, Bitcoin slid from about $77,000 to below $60,000 before the company resumed buying. During the same dip, Tom Lee's BitMine Immersion Technologies purchased 126,971 ETH for $213 million with ETH near $1,670, raising its total to 5.54 million ETH.