Brindon Mwiine, the founder of Ugandan Bitcoin platform Gorilla Sats, won tickets to BTC Prague after sharing his story of building a Bitcoin community among Uganda's student population on Twitter. Mwiine embarked on a community-funded trip from Kampala to Prague, with the wider Bitcoin community donating sats to help fund his travels through BTC-based crowdfunding platform Geyser Fund. Attending BTC Prague allowed Mwiine to interact with Bitcoin community members and learn valuable lessons about creating a circular economy. Uganda's central bank has welcomed cryptocurrency businesses to participate in its regulatory sandbox.

Apple has given Damus, a decentralized social media app, a warning that it will be removed from the App Store if it doesn't update to comply with Apple's policies. The warning is due to Damus's "zaps" feature, which allows users to earn bitcoin on posts. Apple requires tips or donations to use in-app purchases if they are connected to or associated with receiving digital content. Damus may have to remove the zaps feature to stay on the App Store, which could hinder bitcoin applications trying to innovate on lightning.

Bitcoin climbed back above $26,000 on June 13, with analysts keeping an eye on resistance levels. Despite ongoing legal action in the US and macroeconomic data releases, Bitcoin remained in a narrow range. Some traders noted that funding rates were climbing, indicating a potential trend reversal. The Consumer Price Index (CPI) is due on June 13, just a day before the Federal Reserve announces interest rate changes, which is expected to enact a pause in interest rate hikes.

The cryptocurrency market has been experiencing a downturn in recent weeks, resulting in a decrease in market capitalization to its lowest level in over two months. Despite this, Bitcoin and other altcoins have shown resilience, according to market analysts. JAN3 CEO Samson Mow expressed his bullish outlook for the Bitcoin market at the Bitcoin Prague 2023 conference, stating that anything under 30K is "massively undervalued" and that he believes BTC will hit six figures. Mow also highlighted the failure of traditional financial systems and expects to see a wave of Bitcoin adoption within the next five years.

Illicit funds from the $35 million Atomic Wallet hack have reportedly been laundered through Russian-based crypto exchange Garantex, which was sanctioned by the US Office of Foreign Assets Control (OFAC) in April 2022. The North Korean hacking group, Lazarus, is believed to be behind the attack and has used the exchange to trade their assets for Bitcoin (BTC).

Bitcoin is currently consolidating above the $25,500 support level and may see a fresh increase if it settles above the 100 hourly SMA and $26,150. The price is slowly moving higher from the support zone and trading below $26,000 and the 100 hourly Simple moving average.

Bitcoin's Spent Output Profit Ratio (SOPR) is currently above 1, indicating that investors are selling at a profit. This could potentially lead to a short-term recovery in Bitcoin's price, according to a CryptoQuant analyst. The analyst also noted that the longevity of the SOPR's current position is similar to the conditions in 2017 and 2019, which led to Bitcoin's previous all-time highs. Meanwhile, the Estimated Leverage Ratio (ELR) has been rising, indicating that investors are taking big bets on Bitcoin's derivative traders despite the current market environment.

Bitcoin and Ethereum prices are holding steady as trading begins in Asia, with exchange tokens worth monitoring. Altcoins that were affected by a recent SEC lawsuit are stabilizing and performing better in the market. The week ahead is expected to be eventful with the U.S. CPI and June FOMC announcements, which could lead to increased market volatility.

A video has emerged of future SEC Chairman Gensler stating that four cryptocurrencies, including Bitcoin and Ethereum, are not securities and that 75% of the overall crypto market at the time was outside that legal category. The video was recorded at a crypto-themed institutional investor event in 2018 and appears to contradict Gensler's recent suggestion that all cryptocurrencies other than Bitcoin are securities.

Bitcoin and Ethereum on-chain activity has decreased for the fourth week in a row, while DEX trading volume increased from 14% to 22% in May due to regulatory crackdown on centralized exchanges. However, DEX volume has fallen back again, and the entire crypto space is experiencing thin liquidity.