Public crypto token sales have brought in $58 million in Q2 2026, according to CryptoRank data published on June 10, representing an 85% decline from the prior quarter. April saw $15 million across 20 sales and May recorded about $41 million from 13 sales, the lowest monthly count since December 2020. June has so far logged four sales raising around $2 million, keeping the quarter on pace to be the weakest in five years.

Binance Research said in a June 12 analysis that crypto pre-IPO markets may grow as U.S. IPO fundraising is forecast to exceed US$225B, positioning 2026 for a record year. The report noted Binance's Pre-IPO Perps reached $2.5 billion in cumulative volume within 18 days and rely on stablecoin settlement, primarily USDT.

PayPal's PYUSD has retreated about 35% from its March peak of $4.20 billion, with market cap now at $2.47 billion including $1.80 billion on Ethereum. Over the same period, Circle executed a record $4.40 billion USDC transfer to the Coinbase Hyperliquid deployer and minted $750 million USDC on Solana in the past 24 hours, taking USDC's market cap to $74.78 billion.

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.