Odaily reports that analyst Ali noted on X platform that Coinbase stock will face a key technical test next week. If the stock can hold the critical support level of $141, it could potentially rebound to around $185; however, if it breaks below this level, it may further decline to the $74 area. His analysis indicates that $141 has become an important inflection point for Coinbase’s current price action, with investors closely monitoring market performance around this level.

Odaily reported that according to on-chain analyst EmberCN's monitoring, 15 minutes ago, a whale on-chain borrowed 30 million USDS from Spark via recursive lending, and then used it to buy 18,212 ETH at an average price of $1,647.

Odaily reports, according to GMGN data, Binance Life's market cap has surpassed $860 million, currently reported at $860 million, with a daily increase of over 26%, continuing to hit a new all-time high.

Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.

Odaily Planet Daily News: Iranian Vice President and Head of the Department of Environment, Shina Ansari, stated that Iran has initiated the drafting of the "Regulations on Environmental Service Charges in the Strait of Hormuz," with the preliminary draft completed recently. However, the charging standards and specific collection mechanisms have not yet been finalized. (CCTV News)

Odaily Odaily News According to on-chain analyst EmberCN, BNBChain Life, which has surged 20x in two months, may be controlled by Garrett Jin – the whale entity that converted tens of thousands of BTC into over 900,000 ETH last year and suffered a $230 million loss from a long position liquidation on Hyperliquid this February.

1. From February to recent days, an address cluster has accumulated 284 million BNBChain Life tokens ($237 million) through Binance withdrawals and on-chain purchases. This represents 28.4% of the total BNBChain Life supply.

Including holdings on CEX, they likely control a significant proportion of BNBChain Life. The token has also surged 20x during these months ($0.04 → $0.85).

2. Intersection with the Garrett Jin whale entity: Shared deposit addresses.

- Multiple addresses that withdrew large amounts of BNBChain Life from Binance shared a Binance deposit address with the Garrett Jin whale entity six months ago. Addresses that have been heavily buying BNBChain Life on-chain in the past five days shared a Bybit deposit address with the Garrett Jin whale entity.

Therefore, BNBChain Life is highly likely being manipulated by the Garrett Jin whale entity.

◎The Garrett Jin whale entity is the prominent entity that held 100,000 BTC last year, managed by Garrett Jin.

◎Last year, via Hyperliquid, it swapped tens of thousands of BTC for over 900,000 ETH at prices above $3,500.

◎This February, the entity opened a long position of over 200,000 ETH on Hyperliquid, ultimately resulting in a $230 million liquidation loss.

◎In May, when ETH was around $2,350, they transferred 577,000 ETH ($1.351 billion) into Binance, after which ETH continued to decline.

Barry Silbert, Founder and CEO of DCG, the parent company of Grayscale, stated on platform X that while some in the crypto community may continue to mock Zcash (ZEC) prices dropping back to levels seen six weeks ago, they could instead choose to learn from the experience and dedicate more effort to preparing for the risks posed by AI and quantum computing in the future. Barry Silbert believes that rather than focusing on short-term price volatility, crypto projects should proactively improve their technical architecture in advance to address potential security challenges arising from AI and quantum computing.

According to a post by CLLCT founder Darren Rovell on platform X, the "Bored Ape" Bored Ape Yacht Club (BAYC) #8554 was sold for just $13,046 yesterday. This NFT previously sold for $147,953 on November 5, 2021, representing a price decline of over 90%. Analysts suggest this transaction reflects significant value fluctuations among certain high-end NFTs during a market adjustment period.

According to data disclosed by crypto analyst Scott Melker, Bitcoin short-term holders have recorded the largest loss-taking sell-off in history, while approximately 5.3 million BTC held by long-term holders are in a state of unrealized loss, with market sentiment turning extremely pessimistic.

Additionally, Bitcoin's daily Relative Strength Index (RSI) has dropped to around 15.5, its lowest level since the pandemic-induced bear market in March 2020, indicating the market is deeply oversold. Having already fallen below $60,000, the likelihood of Bitcoin testing $50,000 is increasing. However, if it can sustain the key support level at $60,000 in the near term, a rebound toward the 20-day EMA around $70,600 could be possible in the coming weeks.

Odaily reports that Binance has released an updated Proof of Reserves, showing that asset reserves consistently exceed a 1:1 ratio to safeguard user funds. Among these, the BNB reserve ratio stands at 100.58%, the Bitcoin reserve ratio at 100.20%, and the ETH reserve ratio at 100%. The USDT reserve ratio is 103.17%.

Odaily reports: According to Saudi media outlet Alhadath, citing a senior diplomatic source, Pakistan's Interior Minister has conveyed to Iran that the United States has agreed to ease sanctions. (Jinshi)

Odaily News, Glassnode co-founder Rafael posted on platform X to analyze the recent trend of Bitcoin prices. He pointed out that Bitcoin is currently trading in the $62,000 range, down nearly 50% from its all-time high, with a 24% decline in the past month. The price has now broken through the upper range of his pricing framework and entered a valuation cluster zone where bottoms have historically formed.

Rafael further indicated that the market bottom cannot be confirmed in advance and can only be identified through probabilistic ranges and key price levels. Bitcoin has fallen below the breakeven line for median holders for the first time since December 2022, and is currently within a broader support zone: the median realized price is approximately $64,100, and the 200-week moving average is around $61,700. At this stage, the high-probability bottom range could be between $46,000-$54,000, while the $35,000-$40,000 area below that represents a rare "sell-off tail." Notably, the magnitude of cycle corrections is gradually diminishing: previous cycles saw drops of roughly 85%, 84%, and 77% from the peak, while this cycle has only declined about 50%. This suggests the high-probability bottom is more likely within the upper range, though extreme sell-offs cannot be ruled out.

Odaily Planet Daily News: According to official sources, Bybit today officially announced the launch of its on-chain US stock IPO subscription product, Bybit IPO Express. It supports the collaboration with xStocks to offer a tokenized IPO subscription service for SpaceX, making Bybit one of the first centralized exchanges globally to provide tokenized IPO subscriptions at the primary market IPO offering price stage, further expanding the trading landscape for on-chain equity assets.

Historically, opportunities for global investors to participate in high-profile IPOs have often been limited by factors such as geographical location, broker thresholds, and quota restrictions, with investors typically only able to participate after the public listing. Bybit IPO Express, through xStocks' compliant tokenization solution, opens access to eligible Bybit VIP and Pro users. This allows more non-institutional users to subscribe to IPO shares at the offering price directly on Bybit for the first time, without needing to open a traditional brokerage account, thereby breaking through limitations related to geography and cumbersome account opening procedures, and providing a more convenient way to access globally popular primary market assets.

Looking ahead, the Bybit platform will continue to expand its ecosystem of on-chain US stocks and Real World Assets (RWA), offering global users a more diverse range of on-chain investment opportunities.

SpaceX xStocks IPO Subscription Timeline:

- Registration Period: June 7-11

- Subscription Period: June 7-11

- Quota Allocation Phase: June 11-12

- Spot Trading Launch: June 12

The tokenized SpaceX shares for this offering will be fully cash-backed by the xStocks issuer, pegged 1:1 to the underlying real equity, and meet institutional-grade compliance standards.

Odaily星球日报讯 据 Arkham 监测，德国政府此前已累计出售 49,858 枚比特币，平均卖出价格约为 57,900 美元。若比特币较当前水平再下跌约 6%，价格将跌至德国政府的平均卖出价附近，这意味着比特币已逐渐接近主权机构大规模抛售时的成本区间，因此在本周市场面临较大清算压力的背景下，57,900 美元附近值得重点关注；由于政府机构卖出通常具有非自主性、对价格不敏感等特点，该价位或成为市场评估供需关系和后续走势的重要参考区间。

Odaily Seer 先知频道 monitoring shows that the probability of "Wembanyama to win NBA Finals MVP" on Polymarket has dropped to 20%, down 44% in a single week, falling to third place; as of now, the probability of Brunson winning NBA Finals MVP has risen to 45%, ranking first, while Towns' probability is 35%, ranking second.

The contract rules for this event are: the winner of the 2026 NBA Finals MVP award. If the NBA announces multiple winners, the player whose name comes first in alphabetical order will be considered the winner. If no winner is determined after 11:59 PM ET on June 30, 2026, the result will be deemed "Other." The final result will be based on official NBA information, but reports from other reliable media sources will also be consulted.

Odaily Seer 先知频道 continuously monitors the prediction market, seeing changes before they are priced in.

Odaily reported that South Korea's Finance Minister chaired an emergency market assessment meeting.

The Finance Minister stated that excessive volatility in the foreign exchange market is undesirable and that the government will not tolerate herd behavior in the forex market. Regulatory authorities will conduct reviews to identify speculative activities in the forex market and impose severe penalties on speculative investments targeting the Korean won.

Furthermore, the Finance Minister said that investigations will be carried out into any illegal trading activities by importers and exporters. (Jin Shi)

According to the Islamic Republic News Agency (IRNA), Iran's First Vice President Mohammad Reza Aref stated that all high-ranking officials are fully united on Iran's negotiation strategy, refuting any claims of disagreements over the negotiation text or proposals. Aref said that Tehran has adopted a clear and coordinated approach in the negotiations. He stated: "Iran has formulated a clear strategy for the negotiations, and all officials are implementing it in a fully coordinated manner." He added that officials "have no differences whatsoever regarding the negotiation text and proposals." He was referring to the ongoing indirect negotiations between Iran and the United States, aimed at permanently ending the war waged by the US and Israel against Iran. Aref also emphasized Iran's experience in dealing with two wars, stating that the country has gained valuable crisis management experience from them.