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CryptoQuant data shows that Bitcoin network activity has risen to a level approximately 7% away from the historical peak in September 2024, and has broken through the long-term trend line for the first time since mid-2024, primarily driven by a large number of small transactions rather than traditional economic payment activities. The daily number of Bitcoin transactions in 2026 has exceeded 800,000, more than doubling from the low point in 2025, approaching the cycle peak from 2023 to 2025.CryptoQuant believes that this growth has structural characteristics rather than being a short-term fluctuation. Among these, small transactions below 0.01 BTC now account for about 80%, significantly higher than about 44% in 2023. This change is closely related to the usage of OP_RETURN, which is near historical highs. CryptoQuant points out that protocols such as Runes, Ordinals, BRC-20, and data timestamp services generate a large number of low-value transactions by writing data to the blockchain, with some transaction amounts as low as 546 satoshis.As inscription activities increase, the number of transactions in the Bitcoin mempool has risen to about 128,000, the highest level since February 2025. Although still below the extreme congestion levels of September 2023 and November 2024, the report suggests that non-financial use transactions are occupying an increasing amount of Bitcoin network throughput, and if this trend continues, it may drive up transaction fees for time-sensitive economic transactions.Meanwhile, the rise in on-chain activity contrasts with the flow of funds. There has been a net outflow of over $528 million from Bitcoin and Ethereum spot funds; however, institutional investors still view ETF fund flows as the core driving force of this cycle and maintain the benchmark expectation that Bitcoin will reach $150,000 by the end of the year.

Bitcoin, seen as the "rival" to the US Dollar Index (DXY), is facing ongoing pressure as the market focuses on the imminent breakout of the DXY from a 13-month trading range.Data shows that Bitcoin has weakened for the third consecutive trading day, hovering around $63,900, with the overall cryptocurrency market also under pressure. Meanwhile, the DXY rose 0.26% to 100.66, continuing the previous trading day's increase of 0.8%, and is nearing the edge of a key breakout range.Analysis indicates that if this structural breakout is confirmed, it will typically trigger trend-following funds to further boost the dollar's performance. Historical data shows a clear negative correlation between Bitcoin and the US Dollar Index; a stronger dollar usually suppresses risk assets priced in dollars. The market believes that the Fed's hawkish stance has reinforced the logic of dollar support and may further drive funds towards safe-haven assets and dollar-denominated assets.

According to monitoring by Lookonchain, the whale "pension-usdt.eth" has closed its short position of 60,000 ETH, making a profit of 5.8 million USD. Currently, this whale has achieved 23 consecutive wins, with total profits reaching 41 million USD.

According to Onchain Lens monitoring, a newly created wallet address withdrew 533 BTC from Binance, worth approximately 33.4 million USD. This fund may be related to the Bhutanese government, as the withdrawal amount matches the amount deposited to Binance by a related address two days ago. However, this attribution has not yet been officially confirmed and remains to be further verified.

According to Onchain Lens monitoring, the whale "pension-usdt.eth" has completely closed all its ETH short positions, making a profit of 5.8 million dollars. The total profit has now exceeded 41.68 million dollars.

According to on-chain analyst PeckShield (@PeckShieldAlert), the Humanity attacker address has transferred 130 ETH (approximately $220,600) from Ethereum to BNB Chain (381 BNB).

According to token unlocking data from the Crypto asset data platform RootData, AltLayer (ALT) will unlock approximately 24.659 million tokens on June 26 at 8:00 AM Beijing time, worth about 1.72 million USD.

According to token unlocking data from the crypto asset data platform RootData, Sahara (SAHARA) will unlock approximately 56.615 million tokens at 0:00 Beijing time on June 26, valued at about 7.87 million USD.

Trent Van Epps, the former core development coordinator of the Ethereum Foundation, stated that as the foundation continues to advance its "Subtraction governance" strategy, the size of the treasury gradually shrinks, and the four-year Client Incentive Program (CIP) expires this April, the Ethereum core development ecosystem may face a slowly brewing funding crisis in the next 3 to 9 months.Trent pointed out that maintaining the normal operation of over 10 Ethereum client teams, research institutions, and coordinating organizations requires approximately $30 million in funding support each year. If funding continues to be insufficient, it may lead to the loss of key developers, a slowdown in protocol upgrades, and weaken Ethereum's long-term competitiveness in areas such as scalability, quantum computing defense, and network maintenance. The Ethereum Foundation is not designed to be a permanent governor, and new institutions will need to take on the responsibilities of protocol development over the next decade. As the foundation's influence gradually declines, the Ethereum ecosystem urgently needs to establish new funding allocation mechanisms, governance frameworks, and institutional inheritance systems to ensure the long-term sustainable development of the protocol.

According to on-chain analyst Ai Yi's monitoring, "Set 10 big goals first" whale @Jason60704294 cleared 3173.6 BTC short positions (209 million USD) in the early morning, with an opening average price of 65907.13 USD and a closing price of 62916.04 USD, making a profit of 9.467 million USD. Since June, three trades have accumulated a profit of 12.85 million USD, with a win rate of 66.7%. In addition, the whale reversed direction and opened 999.121 BTC long positions (62.62 million USD) just one hour after resting, with an opening price of 62682 USD.

The "contract whale" first set 10 major targets and posted on social media to close a short position of 3,173.608 BTC, making a profit of over 9,460,000 USD. Subsequently, the whale shifted to a long position, opening a long position of 999.121 BTC at an opening price of 62,682.17 USD.

According to monitoring by Catcher Predict, in the Polymarket event "Chicago White Sox vs. New York Yankees," the "New York Yankees" option in the sub-market "Spread -4.5" has experienced significant fluctuations in winning probability, soaring from 12.5% an hour ago to the current 49% (a fluctuation of 36.5%). Please note the impact of related breaking news.

According to Jinshi reports, the USD/JPY short-term fell by 20 points, currently approaching 161.

CryptoQuant's research director Julio Moreno stated that transactions below 0.01 BTC currently account for about 80% of the total daily transaction volume on the Bitcoin network, significantly higher than approximately 44% in 2023.Moreno pointed out that this growth is mainly driven by on-chain data protocols based on OP_RETURN, such as Runes, Ordinals, BRC-20, and data timestamp services. These protocols generate a large number of small transactions, with some transaction sizes even as low as 546 satoshis (about $0.35), thereby continuously increasing the number of low-value transfers. In addition, the Bitcoin network activity index has been steadily rising since January of this year and has now reached its highest level since the end of 2024.

According to Jinshi reports, the minutes of the Bank of Japan meeting show that some members indicated that if the inflation risks far exceed the downside risks to economic growth, the Bank of Japan may discuss the pros and cons of raising interest rates.

According to Jinshi reports, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 60.4%, while the probability of a cumulative rate hike of 25 basis points is 39.6%. By September, the probability of keeping interest rates unchanged is 31.2%, the probability of a cumulative rate hike of 25 basis points is 49.6%, and the probability of a cumulative rate hike of 50 basis points is 19.1%.

Renaiss, a liquidity infrastructure for real-world collectibles, announced the completion of a $1.5 million seed round financing, led by YZi Labs, with participation from Gate Ventures, Hash Global, XIN Family, and Redline Labs. Angel investors come from Mask Network, Far East Group, Logoman, Hoopi, and Legit App.Built on the BNB Chain, Renaiss aims to connect third-party vaults, card shops, and custody nodes through Renaiss Vault OS, and uses Renaiss.XYZ as the application layer for users to access the on-chain collectibles market. It provides verifiable custody, standardized settlement, and on-chain liquidity for physical collectibles, eliminating friction in verification, custody, pricing, and cross-border transactions. Collectibles verified through custody can complete ownership transfers on-chain and circulate globally without trust and permission.The funds from this round will be used to expand the vault network, enhance product integration with the Renaiss SDK ecosystem, expand collectible categories, drive global market expansion, and support DeFi integration and AI Agent-related infrastructure development.It is reported that Renaiss has been selected for the third season of the YZi Labs incubation program EASY Residency and has won the 2025 Binance Blockchain Week Dubai Demo Night award, while ranking first in the RWA category on the BNB Chain. Since the Beta launch in November 2025, the Renaiss platform has achieved a turnover of over $20 million, with more than 260,000 users.

According to the Federal Reserve's official website, the Federal Reserve Board is seeking public comments on a proposal that would require certain payment stablecoin issuers to establish and maintain effective Customer Identification Programs (CIP). This proposal was jointly issued by the Federal Reserve and four other agencies.According to the proposal, the relevant stablecoin issuers must comply with Customer Identification Program standards similar to those for banks and credit unions. The comment period is 60 days after the proposal is published in the Federal Register.

The DeFi lending protocol Ionic Protocol announced on platform X that due to the ongoing impact of a security breach incident that occurred in 2025, the project has been forced to immediately cease all operations, and all users need to withdraw their assets from various deployments as soon as possible. Ionic Protocol added that this closure decision was "without choice," and relevant services have now entered the termination process.

According to CoinDesk, Bitcoin, seen as the "rival" to the US Dollar Index (DXY), is facing ongoing pressure as the market focuses on the imminent breakout of the Dollar Index from a 13-month trading range.Data shows that Bitcoin has weakened for the third consecutive trading day, hovering around $63,900, with the overall cryptocurrency market also under pressure. Meanwhile, the DXY rose 0.26% to 100.66, continuing the previous trading day's increase of 0.8%, and is nearing the edge of a key breakout range.Analysis indicates that if this structural breakout is confirmed, it typically triggers trend-following funds to further boost the dollar's performance. Historical data shows a significant negative correlation between Bitcoin and the Dollar Index, with a stronger dollar usually exerting pressure on dollar-denominated risk assets. The market believes that the Fed's hawkish stance has reinforced the logic supporting the dollar and may further drive funds towards safe-haven assets and dollar-denominated assets.