Spot Bitcoin exchange-traded funds posted a fifth consecutive week of net outflows, extending their losing streak, though the pace of withdrawals slowed notably from the prior week. Friday provided a brief reprieve, ending with net inflows. Data compiled by SoSoValue show investors pulled $91.37 million on Monday, $77.44 million on Tuesday, $213.85 million on Wednesday, and $19.03 million on Thursday. Flows turned positive on Friday, with $85.85 million in net inflows. Even so, the week finished with nearly $316 million in net outflows. While the latest weekly outflow was far smaller than the more than $1.7 billion recorded during the first business week of June—one of the worst weeks since launch—the broader downtrend remains intact. Since the week that ended May 15, spot Bitcoin ETFs have seen more than $5.7 billion leave the products. Over the same period, cumulative net inflows fell to $53.62 billion on June 12 from $59.34 billion on May 8. Spot Ethereum ETFs have tracked a similar pattern. SoSoValue data indicate the funds also logged five straight weeks in the red, though last week's decline was modest. Monday saw $82.37 million in net inflows, followed by net outflows of $40.85 million on Tuesday, $35.59 million on Wednesday, $15.89 million on Thursday, and $4.95 million on Friday. The week ended with just under $15 million in net outflows, sharply lower than the $173 million withdrawn the prior week. Cumulative net inflows for spot Ethereum ETFs slipped to under $11.20 billion on Friday after peaking at $12.09 billion on May 8.

The White House is still pressing for Congress to pass a sweeping U.S. crypto market structure bill by July 4, according to an unnamed administration official who said policymakers are making "great progress every day". The target date aligns with earlier comments from Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, who said the administration was aiming for July 4 passage of the CLARITY Act. At the center of the push is H.R. 3633, which House materials describe as a framework for defining digital assets under U.S. securities and commodities laws and clarifying the respective roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The proposal calls for joint SEC-CFTC rulemaking and includes protections for Americans to self-custody and transact with their own digital assets. Momentum picked up after the Senate Banking Committee advanced H.R. 3633 on May 14. Chair Tim Scott said the bipartisan markup followed nearly a year of negotiations, with the effort aimed at establishing clearer rules for digital assets. The Senate draft goes beyond classification, adding policy provisions on stablecoins and compliance. Reuters reported the text would limit rewards on idle stablecoin balances while allowing certain transaction-based rewards. It would also bring digital commodity exchanges, brokers and dealers under Bank Secrecy Act requirements, including anti-money-laundering rules and customer identification obligations. Other elements include a fundraising exemption for certain crypto companies, a test for when DeFi platforms are considered sufficiently decentralized, and language stating tokenized securities remain subject to securities laws. Despite the White House timeline, major legislative obstacles remain. The Senate's market structure package is not finalized, and Davis Wright Tremaine has noted lawmakers must reconcile the draft with the Senate Agriculture Committee's Digital Commodity Intermediaries Act before moving a final Senate version forward. Even then, a Senate bill would still need to be reconciled with the House-passed CLARITY Act before it could be sent to President Trump for signature. With key policy questions still under debate and lawmakers balancing competing priorities, the July 4 deadline leaves little room for delays. For crypto firms, the outcome is closely tied to regulatory certainty. Treasury Secretary Scott Bessent has urged Congress to act, pointing to clearer digital-asset rules in Abu Dhabi and Singapore. Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice. Coin Edition is not responsible for any losses resulting from the use of content, products or services mentioned. Readers should exercise caution before taking action related to any company.

Ethereum has struggled for most of 2026, but two separate developments this week are drawing fresh attention from close watchers: roughly half a million ETH left exchanges over seven days, and a technician flagged a rare alignment of indicators historically seen only around major cycle bottoms. Those signals add to a broader set of bottoming clues that have been forming for weeks, including historically depressed RSI readings and evidence of whale accumulation. ETH at a Glance — June 13, 2026 Signal 1 — Nearly 500,000 ETH Withdrawn From Exchanges in One Week Onchain analyst @alicharts highlighted one of the most notable exchange-flow events of the current cycle: nearly 500,000 ETH, valued around $800 million at current prices, was withdrawn from centralized exchanges in a single week. Glassnode data shared by @alicharts shows exchange-held ETH balances continuing to trend lower, with the past week marking one of the steepest declines in recent periods. Why markets care: ETH held on exchanges is readily available to sell. ETH moved to private wallets is less likely to hit the market immediately. A weekly withdrawal of about 500,000 ETH implies roughly $800 million in near-term sell-side supply has been removed from exchange order books. Historically, this type of large-scale move into self-custody has been associated with accumulation. Long-term holders, institutions, and large retail participants typically do not keep assets on exchanges when positioning for multi-month or multi-year horizons. The timing is notable. The withdrawals are occurring while ETH is down 43.60% year-to-date and trading 66% below its all-time high, a discount zone that has often attracted historically informed buyers. Context from prior cycles: - In 2022, exchange outflows accelerated ahead of the $880 low and the subsequent recovery. - In 2020, exchange outflows spiked weeks before a rally that lifted ETH from $300 to $4,300 over 12 months. This week's nearly 500,000 ETH withdrawal stands out as one of the largest single-week reductions of the current cycle. Signal 2 — Three Bottoming Indicators Converge on the Charts Technical analyst @ArdiNSC (AltcoinArdi) published a weekly chart breakdown identifying three conditions that, in his framework, have historically appeared together only near major Ethereum cycle lows. Indicator 1 — Lower Acceptance Cloud Touch The "Lower Acceptance Cloud" is a proprietary zone tracked by @ArdiNSC on the weekly chart. In past cycles, touches of the cloud's outer band have coincided with macro lows. The recent flush toward $1,500 produced the first touch of this zone in the current bear market, placing price action inside the area where prior cycle bottoms have formed. A cloud touch does not confirm a final low, but it does indicate ETH is now trading in a historically relevant bottoming zone. Indicator 2 — Weekly RSI at 31 Weekly RSI is currently at 31, approaching the sub-30 level that has historically marked the transition into bottoming phases. Separately, ETH's monthly RSI has already posted an all-time low near 40. @ArdiNSC notes a key historical pattern: consecutive weeks with weekly RSI below 30 have tended to precede the start of accumulation phases. At 31, the signal is close but not yet fully triggered. Indicator 3 — Daily RSI Hit 11 at the $1,500 Low At the recent low near $1,500, ETH's daily RSI dropped to 11, the lowest daily RSI print in Ethereum's history. Based on prior data since 2021, the six deepest daily RSI episodes previously observed were followed by positive returns over 30, 60, and 90 days, with median gains of +7.2% (30 days), +20.7% (60 days), and +25.8% (90 days). A reading of 11 is even more extreme than those six instances, implying unusually stretched oversold conditions. What the Analyst Is — and Isn't — Claiming @ArdiNSC draws a line between "conditions consistent with a bottoming process" and confirmation that a final low is in place. His view is that these signals suggest ETH is entering a bottoming phase, not that the market has definitively bottomed. He also flags the risk of additional "true capitulation pain," particularly if weekly RSI ultimately spends consecutive weeks below 30, completing the historical pattern. ETH/BTC adds another layer: @ArdiNSC notes ETH/BTC remains in a downtrend, which could mean continued relative weakness if Bitcoin makes new lows. A potential Bitcoin move toward the $50,000–$55,000 zone could add pressure to ETH even as bottoming signals develop. He points to a prior-cycle precedent where ETH bottomed roughly six months before Bitcoin. If that timing repeats, the current setup could represent an accumulation window that plays out on a different timeline than the broader market expects. His stated approach is to DCA more aggressively within the blue accumulation zone (the Lower Acceptance Cloud) for a medium-to-long-term hold. He cites an estimated risk/reward of roughly 12R to the upper boundary of the zone, implying about 12-to-1 upside relative to risk under his framework. Fundamentals, he argues, continue to progress even as price corrects, with Ethereum development moving forward regardless of market conditions. Bottom Line With ETH around $1,673, two independent signals are flashing near the same time: a large exchange outflow consistent with accumulation and a cluster of technical conditions historically seen around major cycle lows. Nearly $800 million worth of ETH leaving exchanges in a week suggests potential sell pressure has been reduced and longer-term positioning may be building. On the chart side, a Lower Acceptance Cloud touch, weekly RSI nearing the sub-30 threshold, and a record-low daily RSI point to momentum exhaustion typical of bottoming phases. None of this confirms a definitive bottom. Additional downside remains possible, especially if Bitcoin weakens and ETH/BTC continues to slide. Still, these are the kinds of conditions that have historically preceded Ethereum's most significant recoveries. A key level to watch is weekly RSI: historically, the bottoming phase begins in earnest when it remains below 30 for consecutive weeks. Frequently Asked Questions How much ETH left exchanges this week? Nearly 500,000 ETH (about $800M) was withdrawn from centralized exchanges in one week, one of the sharpest reserve declines of the current cycle, according to @alicharts citing Glassnode data. What are the three $ETH technical bottoming signals? A touch of the Lower Acceptance Cloud near $1,500 (a historical macro-low zone), weekly RSI at 31 approaching the sub-30 threshold, and a daily RSI print of 11 at the recent low, the lowest daily RSI in Ethereum's history. Does this confirm ETH has bottomed? No. The analyst frames these as signs of an emerging bottoming phase, not confirmation that the final low is in. Further downside remains possible, particularly if Bitcoin declines and ETH/BTC weakness persists.

ME News, June 13 (UTC+8) — The top five assets on the list posted about $2.88 billion in total 24-hour notional volume. By sector, activity was split between stocks (45.4%), indices (32.3%), and commodities (22.3%). SPCXUSDC contributed more than 40% of total volume and recorded the highest funding rate at 0.22%. All energy-linked instruments showed negative funding rates. The top five assets were SPCX, XYZ100, CL, SP500, and BRENTOIL. (Source: D Pro)

SpaceX has formally launched its IPO journey, filing an S-1 registration statement with the U.S. Securities and Exchange Commission in May. The move has quickly become one of the most watched market events of 2026, drawing attention from both traditional equity investors and crypto participants assessing potential shifts in cross-market capital flows. Large IPOs can temporarily pull liquidity away from other risk assets. Investors often raise cash to fund participation in new share allocations, and the resulting surge in equity supply competes for a finite pool of capital. In the weeks around major offerings, some institutions and traders may trim crypto exposure as part of portfolio repositioning. Recent activity suggests that dynamic may already be showing up. Digital-asset investment products saw notable outflows in early June, while Bitcoin briefly drifted back toward the low-$60,000 area. Some analysts tied part of the move to rising interest in artificial intelligence-related stocks and a busy pipeline of high-profile listings. Why big IPOs can ripple into crypto markets For large asset managers, participation in a marquee listing is governed by risk limits and allocation rules. To make room for a new position, portfolios are often rebalanced across multiple markets. Bitcoin’s high liquidity can make it a frequent source of funds during these adjustments. The effect is typically mechanical rather than a signal of deteriorating long-term conviction. Trading firms and market makers may also adjust balance sheets ahead of major deals. That can tighten liquidity in other venues for short stretches, which in crypto markets can translate into wider spreads, higher volatility and softer demand for more speculative tokens. SpaceX's Bitcoin position underscores longer-term institutional adoption While the IPO process may increase short-term competition for capital, SpaceX's own filings send a different message about corporate crypto exposure. The company disclosed it held 18,712 BTC valued at about $1.29 billion as of March 31, 2026, placing it among the world's largest corporate Bitcoin holders. The disclosure extends beyond IPO optics. It shows a major technology company maintaining a sizable Bitcoin allocation despite broader market uncertainty, reinforcing the role of BTC in corporate treasury strategy. The trend has gathered momentum since the rollout of spot Bitcoin ETFs in the U.S. In the near term, a SpaceX listing could absorb liquidity that might otherwise flow into digital assets. Over a longer horizon, its reported Bitcoin holdings may bolster confidence in crypto as an institutional asset class and further normalize corporate treasury exposure to BTC, potentially offsetting any temporary rotation driven by the IPO cycle.

Deribit Insights says the launch and growth of spot Bitcoin ETFs has pushed Bitcoin into a more institutional market structure, reshaping volatility, liquidity and derivatives dynamics. In its latest Crypto Options Unplugged discussion ("How Wall Street Changed Bitcoin Forever"), Deribit Insights features Imran Lakha alongside David and Jonathan Issan, co-heads of crypto trading at Marex. The conversation steers away from near-term price calls and focuses on how trading and hedging behavior has evolved as hedge funds, asset managers, pension-linked vehicles and structured product desks have increased participation. A central takeaway is that both implied and realized volatility have stayed relatively muted even during periodic spot pullbacks—a departure from earlier crypto cycles, when sharp declines often coincided with pronounced volatility spikes. The episode attributes part of the dampening effect to more active institutional market making, wider use of structured products and tighter risk management. With more professional capital involved, dislocations may be arbitraged faster, and options markets can absorb pressure that previously hit the spot market more directly. The podcast also notes that basis yields have compressed as institutional arbitrageurs crowded into cash-and-carry and related trades. Strategies that once offered unusually attractive returns have become more competitive as additional capital chases the same inefficiencies. Another theme is the growing impact of options gamma. As the options market scales, dealer hedging flows can increasingly influence short-term spot behavior, particularly around positioning changes and expiry windows. The episode does not argue that options desks "control" Bitcoin, but it does contend that derivatives have become large enough that traders need to factor in how hedging flows, expiries and positioning interact with spot demand. Deribit Insights frames Bitcoin as moving away from a predominantly retail-driven speculative asset toward a maturing, macro-linked market. That shift can support liquidity and institutional access, while also reducing easy arbitrage opportunities and raising the complexity of day-to-day trading. The report is based on Deribit Insights’ Crypto Options Unplugged Episode 115. The discussion adds that ETF-related flows are also changing how market participants interpret price action. Where earlier cycles were often dominated by crypto-native narratives and exchange positioning, today spot ETF demand, macro hedging, institutional rebalancing and dealer positioning can all converge on the same move—deepening the market while making simple retail sentiment signals less informative than they once were. Deribit Insights directs readers to its official post for additional details.

Stader Labs has announced it is shutting down MaticX, its liquid staking product. Effective immediately, MaticX will stop accepting new deposits and move into a "claim-only" mode, allowing users to redeem underlying MATIC through the existing interface. The company said the official MaticX DApp frontend will be permanently retired on Aug. 3, 2026. After that date, users will no longer be able to transact via the web interface and will need to claim assets directly through the staking smart contracts using Etherscan. Stader Labs plans to upgrade the MaticX staking contract between June 12 and June 19, 2026. Around June 19, the MaticX-to-MATIC exchange rate will be permanently locked and used as the final settlement rate for all subsequent redemptions. Users who redeemed before that date will not be affected. Those who have not redeemed can continue claiming via the current DApp or via Etherscan. Redemption requests already initiated but not yet withdrawn to wallets can also be claimed later through the Etherscan contract. From June 19 to Aug. 3, 2026, the MaticX DApp will continue to support instant redemptions at the fixed exchange rate. After the frontend is discontinued on Aug. 3, 2026, users will still be able to claim via Etherscan for an additional three years, with the final deadline set for Aug. 3, 2029. Stader Labs said it will publish an Etherscan-based claiming guide ahead of the DApp shutdown.

China has criticized the U.S. Department of Defense for adding a group of major technology companies to its blacklist, including Alibaba, Baidu and electric-vehicle maker BYD, and signaled it may retaliate over the decision.

White House adviser Patrick Witt said the administration's target date for passage of the #CLARITYAct remains July 4.