Bitcoin saw a surge in prices followed by stabilization, while other cryptocurrencies have recovered some of their losses. However, Hong Kong's banks are not yet ready to support the city's ambition to become a cryptocurrency hub due to strict requirements. The US regulatory system is outdated, leading many projects to seek better-regulated jurisdictions in Asia and the Middle East.

June 16 (Cointime) - Bitcoin experienced a gain of over 1.3% and surpassed $25,700 after BlackRock's iShares filed paperwork with the SEC for a spot bitcoin ETF. The price of BTC had recently dropped below $25,000 due to concerns about US regulatory scrutiny and central bank hawkishness.

June 16 (Cointime) - According to on-chain data from Glassnode, Bitcoin investors are not selling at a significant loss despite recent market fluctuations. The "entity-adjusted realized loss" metric, which measures the total loss realized through current selling, has remained low in recent months.

June 16 (Cointime) - Investors are worried about the future of Bitcoin's price following Federal Reserve Chair Jerome Powell's recent statement about interest rates. Speculation is growing about a potential crash that could bring Bitcoin's value down to $20,000.

June 16 (Cointime) - Bitcoin and major altcoins remained stagnant after a dip to a three-month low, causing concern among crypto investors. Tether's USDT stablecoin was knocked from its $1 peg due to market sell-offs on Uniswap and Curve pools. The US Securities and Exchange mentioned MATIC, the token of the smart contracts platform Polygon, among 19 cryptocurrencies in its lawsuits against Binance and Coinbase.

June 16 (Cointime) - The SEC's increased regulatory scrutiny of the DeFi industry has led to a decrease in crypto trading volumes and put pressure on major cryptocurrencies. In Q2, trading volumes hit an annual low, with average daily volumes for the top ten tokens dropping to $10 billion from $18 billion in Q1. Bitcoin's individual token market share fell by 20% in Q2, while Ether's volume share increased by 5%.

June 16 (Cointime) - A crypto analyst with a large following is cautioning Bitcoin traders that the cryptocurrency may experience further declines before rebounding. The analyst, Michaël van de Poppe, tweeted that BTC's lows were being "swept" as it approached the $25,000 mark, and warned that if it fails to stay above $24,500, it could drop to $23,000.

June 16 (Cointime) - OCM has unveiled its latest NFT collection, OCM Dimensions, featuring a unique generative art collection on Bitcoin. The NFTs are designed specifically for Bitcoin and are inscribed on satoshis from January 2009. The OCM Dimensions NFTs are 3D, interactive, and dynamic, and the inscription technology used to generate them on-chain will set the standard for generative art on Bitcoin.

June 16 (Cointime) - Bears have taken control of the market following unsuccessful bullish attempts. Ethereum has experienced a greater loss than Bitcoin, dropping by 5.48%. The hourly chart shows Ethereum trading within a narrow channel between $1,628 and $1,655, with a potential breakout if the price is restored to at least $1,650.

June 16 (Cointime) - Bitcoin, the largest cryptocurrency, experienced a 3% decline on June 14th, dropping below $25,000 and reaching a price level not seen since mid-March. This has led many to believe that the recent bull run for BTC was a fakeout, especially with mounting regulatory pressure from the US Securities and Exchange Commission.