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According to a report by TheStreet Roundtable, Coinbase's Head of Institutional Sales, John D'Agostino, stated in an interview at the New York Stock Exchange that Coinbase is committed to migrating the existing financial infrastructure from the outdated ledger system of decades ago to a faster, cheaper, and more stable blockchain ledger, with the goal of becoming a fully functional integrated financial platform in the crypto space.D'Agostino pointed out that Coinbase's current growth mainly comes from four directions: first, derivatives; the company acquired the world's largest crypto options exchange, Deribit, for $2.9 billion last year, becoming a market leader in this field; second, tokenized securities; approximately 20 stocks have been tokenized and are continuously expanding, with assets like REITs included in the tokenization scope, claiming the market size is about $15 trillion; third, DeFi; Coinbase has become the official USDC treasury deployer for the Hyperliquid platform, with about $5 billion USDC in revenue used for repurchasing HYPE tokens on the platform; fourth, stablecoins; continuously deepening the coverage of USDC in the on-chain market.He summarized Coinbase's positioning as, "The safest custody for crypto assets is our foundational moat, while hyper-fast growth comes from tokenizing everything and creating universal applications."

The U.S. Commodity Futures Trading Commission (CFTC) Market Oversight Division has issued a waiver to designated contract markets (DCM), allowing them to convert existing perpetual digital commodity futures contracts into true digital commodity perpetual futures contracts.According to the waiver, DCM can remove the expiration date of the existing perpetual digital commodity futures contracts and implement relevant modifications to convert them into true digital commodity perpetual futures contracts. The conversion is contingent upon meeting several customer protection and procedural conditions specified in the waiver. These conditions include: soliciting feedback from market participants holding open positions; providing advance notice and an opportunity to close positions; offering appropriate risk disclosures; and ensuring that no other substantive contract terms are modified.

Michael Saylor posted on the X platform congratulating Musk and SpaceX on completing a "historic IPO." He stated that this listing is symbolic and mentioned that "25% of the companies in Mag8 hold Bitcoin on their balance sheets."This statement continues Michael Saylor's consistent viewpoint that Bitcoin is accelerating its entry into the asset allocation systems of large technology companies and gradually becoming part of corporate treasury strategies.

According to Onchain Lens monitoring, a certain HYPE Genesis whale deposited all 576,148 HYPE (approximately 35.28 million USD) into Coinbase, accumulating profits of over 44.34 million USD.

According to CCTV International News citing the Wall Street Journal on June 12 local time, multiple state attorneys general in the United States have launched a joint investigation into the OpenAI.The report states that the artificial intelligence company received a subpoena on the same day, requiring it to provide documents related to several of its business activities and their impact on users. OpenAI is currently facing multiple lawsuits concerning design issues of its chatbot ChatGPT that have led to user suicides or caused adverse effects on users.Some of the lawsuits point out that the design of ChatGPT "prioritizes user engagement over safety."

The Binance contract will go live on June 13 at 00:15, converting the SPCXUSDT Pre-IPO perpetual contract into the standard SPCXUSDT TradFi perpetual contract. The marking price smoothing process may take up to 3 hours, but trading functionality will not be affected, and unfilled orders and positions will not be canceled.

According to Cointelegraph, a trader deposited 16.6 million USDC into Hyperliquid to leverage long on SPCX, with the current position value reaching 18.5 million dollars.

According to monitoring by Lookonchain, a newly created address deposited 4.5 million USDC into Hyperliquid and set a limit order to short SPCX.

According to Onchain Lens monitoring, a giant whale deposited 810 BTC (50.82 million USD) to Binance, incurring a loss of 9.4 million USD.

According to Onchain Lens monitoring, BlackRock deposited 2,100 BTC into Binance, worth $132,000,000, and 12,679 ETH, worth $21,000,000, and may continue to deposit more assets.

According to The Block, the Public Crime Investigation Division of the Seoul Metropolitan Police Agency in South Korea has identified Bithumb CEO Lee Jae-won as a suspect in a bribery case, which is related to independent lawmaker Kim Byung-kee.Police received testimony from a former assistant stating that Kim requested Lee to arrange for his second son to work at Bithumb in November 2024, and his son started working there two months later, remaining for about six months; Kim had also previously asked Bithumb to hire one of his assistants, who has been employed by the company since September 2025. The police are investigating whether the aforementioned employment is linked to Kim's legislative actions against Upbit's operator Dunamu during his time on the National Assembly's Financial Committee, including allegations of Upbit monopolizing the market.

According to Arkham monitoring, Grayscale deposited a total of 19,548 ETH into Coinbase Prime in the last hour, approximately worth 32 million dollars.

According to Onchain Lens monitoring, BlackRock deposited 1,564 BTC into Coinbase, worth 96.49 million dollars.

According to monitoring by Lookonchain, a newly created wallet (0xa2e8) deposited 3 million USDC into HyperLiquid, and then opened a 20x leveraged long position in ETH, holding 36,826 ETH, valued at approximately 59.72 million USD, with a liquidation price of 1,571.3 USD.

According to Lookonchain tracking, a wallet marked by Arkham Intelligence as "Joseph Lubin?" deposited 110,000 ETH into three Sky Finance (formerly MakerDAO) vaults on Friday, completed in four transactions (40,000, 40,000, 30,000, and 1 ETH).The wallet had been inactive for over three years. At the time of the transfer, the ETH price was approximately $1,575, having dropped about 10% within 24 hours. This deposit aims to replenish collateral for $259.05 million in outstanding DAI debt. After the deposit, the total amount of WETH collateral in the three vaults is approximately 412,430 ETH, valued at about $677 million at current prices, with the liquidation prices for the three vaults being $899, $1,020, and $1,056, providing about a 55% safety margin from the nearest liquidation line.Lubin and ConsenSys have not publicly confirmed or denied ownership of the address. Previously, Lookonchain mistakenly attributed an LDO sell-off to Lido co-founder Cobie three days ago, later retracting and confirming that the wallet belongs to Wintermute, indicating a potential misjudgment in the on-chain labeling.

According to CoinDesk, Japan's SBI Shinsei Bank will launch a pilot program on June 10, allowing customers to convert part of their deposit interest into BTC, ETH, or XRP.The plan, titled "Interest Conversion," aims to introduce crypto assets into traditional deposit products, allowing users to gain exposure to cryptocurrencies without directly purchasing them. This initiative will proceed in a small-scale pilot form, with further expansion depending on customer participation and the regulatory environment.

An analysis published by Fortune magazine points out that despite the recent decline in Bitcoin dragging down the stock price of Strategy (MSTR), the company's current market value still has a premium of about 31% over its underlying net asset value.The analysis believes that this premium stems from the market's past recognition of Michael Saylor's "Bitcoin appreciation flywheel" model, but as this model becomes ineffective, the related premium faces further compression risks.