Crypto volatility triggered about $186 million in liquidations over the past 24 hours, with longs losing $102.8 million and shorts $83.2 million. Bitcoin led with $34.97 million liquidated and Ethereum followed at $24.65 million, underscoring two-way positioning risk. In spot flows, whales distributed over 70,000 BTC over the past month while U.S. Spot Bitcoin ETFs recorded $85.85 million net inflows on June 12.

U.S. President Donald Trump said on Saturday that a new agreement with Iran would be signed on June 14 and that the Strait of Hormuz would reopen to all shipping immediately afterward. Iranian Foreign Ministry spokesperson Esmaeil Baghaei disputed that a Sunday signing would occur, while prediction-market pricing showed only a 39% probability for June 14 on $47.1M of volume. The disagreement left markets weighing potential impacts, with bitcoin trading above the $64,000 zone following Trump's comments.

A 12.5% tariff threat is overshadowing U.S.-India trade negotiations as Donald Trump plans to meet Indian Prime Minister Narendra Modi at the G7 summit in France. The summit runs June 15 to June 17 in Evian-les-Bains, and U.S. officials do not expect any agreement to be signed there. Talks are set to continue afterward, including another negotiating session in India led by U.S. Trade Representative Jamieson Greer.

Italy's 2026 Budget Law raises the substitutive tax on crypto capital gains to 33% starting January 1, 2026, up from 26% in 2025. The same framework keeps euro-denominated MiCAR-compliant EMT tokens taxed at 26% and sets up a Permanent Supervisory Committee on crypto-assets. It also ties crypto holdings to ISEE means-testing and introduces updated reporting steps alongside DAC8-related data flows.

Pakistan Prime Minister Shehbaz Sharif said Saturday that the U.S. and Iran agreed on a peace-deal framework and that Pakistan expects an electronic signing within 24 hours that would reopen the Strait of Hormuz and extend the ceasefire by 60 days. Iran’s Foreign Ministry disputed the Sunday signing timeline, while oil prices moved, with U.S. July crude futures at $84 per barrel and Brent around $87.

T. Rowe Price’s Active Crypto ETF, which includes Shiba Inu (SHIB) and Dogecoin (DOGE), moved closer to trading after a proposed rule change was approved. The SEC order is dated June 12, 2026, following earlier amendments filed on April 21, 2026 and May 26, 2026, with an SEC notice published on April 24, 2026. The fund is designed to hold between five and 15 cryptocurrencies from a broader list that currently features SHIB, DOGE and several major assets.

Kraken says it plans to roll out CFTC-regulated perpetual futures for eligible US traders within 30 days, using Bitnomial as the listing venue. The initial contracts are expected to cover BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC and AVAX, with no expiry and an eight-hour funding rate.

Kraken derivatives chief John Palmer said newly approved, regulated U.S. perpetual futures are likely to be adopted first by sophisticated proprietary traders and some retail users, with investment advisers and large asset managers joining later. Kraken plans to introduce perpetual futures on Kraken Pro in the coming weeks after gaining CFTC-regulated capabilities via its NinjaTrader and Bitnomial acquisitions.