President Donald Trump said the US would take Iran's Kharg Island and assume total control of Iran's oil and gas markets. Kharg Island is a key export hub and is widely reported to handle about 90% of Iran's oil exports.

Citigroup plans to offer tokenized shares of private companies to wealth-management and institutional clients, The Wall Street Journal reported.

The European Central Bank raised interest rates by 25 basis points, delivering its first hike since September 2023. The ECB took its main refinancing rate to 2.40% and its deposit facility rate to 2.25%, pointing to renewed inflation pressure after an Iran conflict-driven energy shock lifted eurozone inflation to 3.2%. The move comes despite signs of a softer economy, with eurozone GDP shrinking 0.2% in the first quarter. Policymakers said the increase is intended to stop higher energy costs from feeding into broader, more persistent inflation.

Nakamoto Inc. said it has eliminated $45 million of debt, approved a $25 million share repurchase program and returned to compliance with Nasdaq listing requirements. The debt reduction removes a key constraint for a Bitcoin-focused business: fixed obligations alongside an asset class known for sharp price swings. With the debt overhang gone, the company gains additional balance-sheet flexibility. The board's $25 million buyback authorization indicates management views the stock as attractive at current levels. Repurchases reduce shares outstanding and can lift earnings per share. Nakamoto's restored Nasdaq compliance also improves access to institutional capital. Noncompliance can force selling by funds restricted from holding securities that do not meet listing standards. The company also runs an actively managed Bitcoin derivatives strategy through Bitwise Asset Management, aimed at improving treasury management by generating yield on Bitcoin holdings and hedging downside risk. Kraken Institutional provides custody for the Bitcoin posted as collateral. For investors, the debt elimination materially lowers risk. With $45 million in debt, the company effectively operated as a leveraged exposure to Bitcoin; removing that leverage reduces bankruptcy risk in a downturn. Completion of the full $25 million buyback would also meaningfully reduce the float. A key variable remains execution of the derivatives program. Options strategies can cap upside, futures positions introduce margin requirements, and derivatives markets carry counterparty risk. Investors may want to track performance during sharp Bitcoin drawdowns, when hedges can behave unpredictably and losses can emerge quickly.

Hungary is set to scrap Orban era crypto rules that included potential jail terms, according to reports. The move would roll back provisions introduced under the current government that tightened penalties tied to crypto related activity.

Bitcoin extended its recovery, gaining 2.4% over the past 24 hours to trade near $62,800, according to CoinDesk. Its market dominance has climbed back to 59% from last week's 57.9% low, signaling a renewed tilt in capital toward top-tier crypto assets as major altcoins continue to lag. Charts show Bitcoin holding above its 200-week moving average, a level widely tracked as a barometer of the long-term trend. By contrast, large-cap tokens such as ETH, SOL and XRP have yet to regain that threshold, underscoring heavier pressure across the altcoin complex. Broader benchmarks also rose. The CoinDesk 20 Index added 2.3% to 1,690, while the Memecoin Index advanced 2.7%. Flows remained uneven, with demand concentrating in Bitcoin rather than spreading across major altcoins. Derivatives markets continue to reflect ongoing deleveraging and muted risk appetite. Roughly $378 million in positions were liquidated over the past 24 hours, including more than $207 million from long liquidations, suggesting traders positioned for gains are still being forced out. Open interest in Bitcoin and Ethereum futures was little changed, pointing to limited appetite for fresh leverage. In the Deribit options market, BTC and ETH puts are generally priced richer than calls across key expiries, indicating a stronger focus on downside hedging than on bets tied to a sudden pickup in near-term volatility. Total 24-hour settlement volume was about $378 million. On June 13, trading was notably active in a $58,000 BTC put. Outside the majors, several low-market-cap tokens saw sharp moves. Audiera's BEAT token jumped another 57% in a day, taking its seven-day gain to more than 500%. Velvet's VELVET token is up roughly 800% over the past 30 days and more than doubled in the last 24 hours. VELVET's rally has been tied to enthusiasm for pre-IPO perpetual contracts, which allow traders to speculate on valuation shifts before a company lists publicly. Market attention has centered on names such as SpaceX, OpenAI and Anthropic, with related markets already offered on platforms including Injective, Hyperliquid and Crypto.com. The volatility in VELVET has also drawn scrutiny. On-chain analyst account Lookonchain flagged the linkage between its spot and futures pricing and the potential for selling pressure after the spike. The token traded in a wide intraday range, swinging from $0.29 to $1.07. CoinDesk added that Velvet Protocol's current deposit size is about $6.53 million, while the token's market capitalization is around $339 million, highlighting a sizable gap between funds held on the platform and its implied valuation.

Cecabank has officially entered the digital-asset market, launching a regulated cryptocurrency custody and trading infrastructure aimed at financial institutions, CoinDesk reported. Renta 4 Banco is among the first users of the platform, highlighting how European banks are extending traditional custody operations into digital assets. Under the partnership model, Cecabank acts as the custodian and provides the banking layer, technology infrastructure and institutional-grade crypto custody, while Spanish crypto exchange Bit2Me is responsible for trade execution, liquidity provision, market access and exchange-level support. Renta 4 said it is already using the setup to build its own crypto trading offering for clients. Cecabank said on June 11 that it has received authorization to provide crypto custody, transfer, and the receipt and transmission of orders, moving the project from preparation into live operations. The bank added that its MiCA-related license was approved by Spain's National Securities Market Commission (CNMV) in July 2025, and that it has registered with the Bank of Spain as a crypto-asset service provider. The bank also said it has started the European passporting process and plans to expand into Ireland, Portugal and Luxembourg. At launch, the platform will support major cryptocurrencies and stablecoins that meet European regulatory standards, according to the companies. Cecabank said the service brings the controls and standards of its traditional custody business into digital assets, while Bit2Me described the rollout as another step toward embedding digital assets within the conventional banking system. The move comes as Spanish banks accelerate their push into crypto. BBVA has previously been reported to be planning Bitcoin and Ethereum trading and custody services for customers, with infrastructure managed directly by the bank rather than relying fully on third-party providers.

Japan has taken a major step toward reshaping how cryptocurrencies are regulated. The House of Representatives has approved a bill that would move oversight of crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act, effectively positioning crypto more like investment products such as stocks rather than mainly as a means of payment. Japan's Financial Services Agency said the push reflects how deeply crypto has entered the investment market. Government-cited data show more than 14 million crypto accounts nationwide, with many held by domestic retail investors. About 70% of accounts belong to individuals earning under 7 million yen annually. If enacted, the bill would classify crypto assets as financial instruments and subject trading to rules closer to those of the securities market. CoinDesk reported the new framework is expected to come into force in 2027. The legislation also clears a path for crypto exchange-traded funds (ETFs) in Japan. The ruling Liberal Democratic Party has argued that ETFs could make crypto investing more accessible. Tax treatment is set to become more favorable while trading conduct rules tighten. The framework would introduce insider trading prohibitions to the crypto market, mirroring stock-market standards. Project insiders, including development team members and exchange employees, would be barred from trading tokens when they hold material nonpublic information. Examples include planned listings or delistings, deterioration in business operations, or large transactions likely to move markets. The bill adds tougher disclosure requirements aimed at reducing misleading statements by token issuers. Project teams would need to disclose core information such as technical operations, token supply, and business financials. Where fundraising is done via tokens without an independent audit by an accounting firm, retail investment would be capped at 2 million JPY per investor, a measure designed to curb risk exposure to unaudited projects. Enforcement measures would also be strengthened. The maximum prison sentence for operating an unregistered crypto business would increase from three to 10 years, while the maximum fine would rise to 10 million yen. Japan's securities regulator would gain clearer authority to conduct criminal investigations and could seek court orders to freeze assets.

South Korean police have booked Bithumb CEO Lee Jaewon on bribery allegations in Seoul, investigating whether he helped secure a job at the exchange for the son of independent lawmaker Kim Byungkee in exchange for parliamentary favors benefiting Bithumb. The case remains under investigation and no convictions have been reported.