Crypto

Trump keeps teasing an Iran deal as crypto reacts, and the massive SpaceX IPO dominates today’s news. Follow us for more updates. The post Crypto News, June 12: Bitcoin Pump and Dump As Trump Says Iran Peace Deal “Closing” for The 40th time, Clarity Act Heats Up at SpaceX IPO Day appeared first on Cryptonews.

Stocks, gold, and silver rallied sharply following Trump's announcement, while crypto markets showed a slower initial response.

Bitcoin's weekly RSI contains a critical level that has reliably separated bull and bear market regimes across multiple cycles. Right now, the indicator has yet to clear that line.

Eleven countries were involved in the joint operation that ended the AudiA6 crypto laundering ring and Dark2Web marketplace. An international law enforcement operation among 11 countries has shut down AudiA6, a money laundering ring that processed over 336 million euros ($390 million) in illicit funds between 2022 and 2025. On Wednesday, authorities arrested two administrators, Russian and Ukrainian nationals, in Georgia, seized 25 domains and more than 30 servers and 80 vehicles and froze roughly $900,000 in cryptocurrency, the European Union Agency for Criminal Justice Cooperation (Eurojust) said Thursday. The AudiA6 “mixer-as-a-service” was used by cybercriminals involved in ransomware attacks to cash out stolen crypto and conceal the movement of illicit funds from authorities by offering to “clean” crypto within about an hour for a 3% to 10% commission. Read more

Friday has rolled around again, which means more Bitcoin and Ether options contracts are expiring as the spot bear market deepens. 

An 8-A share registration filing, in this case for Nasdaq, is usually one of the last steps before an ETF goes live.

The launch comes as tokenized equities surge in popularity, with crypto exchanges and wallets racing to offer onchain access to stocks and pre-IPO companies. Exodus has launched a marketplace for tokenized assets through a partnership with Ondo Finance, allowing eligible users to trade more than 200 tokenized stocks, ETFs and other real-world assets on Solana directly from the crypto wallet. The company said Exodus Markets is available in select markets and that users can access the service by updating to the latest version of the app. Tokenized assets do not represent ownership of the underlying securities and do not provide shareholder rights, according to the announcement. Cointelegraph contacted Exodus to determine which jurisdictions are eligible for Exodus Markets but had not received a response by the time of publication. Read more

The acquisition follows leadership changes and layoffs at Messari and adds one of crypto's largest data and analytics platforms to Blockworks' growing research business. Crypto data and media company Blockworks has acquired analytics firm Messari for more than $10 million, according to a Wall Street Journal report. Messari is a crypto research and analytics company backed by investors including Brevan Howard Digital and Point72 Ventures. The company raised $35 million in a Series B funding round in 2022 that valued it at around $300 million. Source: Messari Read more

Galaxy’s Alex Thorn says a plan to scrap rules on stock orders and quotes would remove a major barrier to tokenized stocks trading on decentralized platforms. The US Securities and Exchange Commission proposal to rescind rules around order protections and price quotes could remove a major legal barrier for tokenized US stocks. The SEC on Thursday proposed to scrap two rules in its national market system regulations. Rule 611 that bans “trade-throughs,” where a stock order on one exchange can’t be for a worse price than on another, and Rule 610(e) banning exchanges from displaying a bid at the same or higher price than what is available elsewhere. Galaxy head of research Alex Thorn said the proposal is “one of the biggest unlocks yet for tokenized stocks” as it would remove “one of the biggest structural barriers to tokenized US equities trading in DeFi.” Read more

XRP posted its strongest session in days on a sharp volume surge, though traders remain focused on whether the rally can break a longer-term downtrend that still points lower.

Crypto firmed across the board following the largest equity listing in history. The token most tied to Elon Musk traded right in line with the market.

The former regulator joined a number of interest groups in arguing that prediction markets are overstepping their bounds by offering sports-related contracts.

The SPCX perpetual on Hyperliquid has bounced from this week’s lows, while Bloomberg says other shadow markets now imply a first-day gain of more than 35%.

LG Electronics has built a blockchain-based advertising platform with the help of Arbitrum.

A de-escalation in the Iran conflict pulled oil lower and sent global stocks higher, lifting crypto out of a wildly volatile seven days.

LG is building a blockchain focused on buying and selling ads, joining a wave of companies launching their own blockchains in recent years. South Korean tech giant LG Electronics is working with the Ethereum layer-2 network Arbitrum to build a blockchain-based advertising network aimed at serving the digital ad industry.  Arbitrum would give advertisers and publishers a shared database of ad inventory and track how customers interact with advertisements, with the company exploring how to bring the service to market this year, Fortune reported on Thursday. “We are evaluating whether this approach can deliver meaningful value to advertisers, publishers and audiences,” said Samuel Byungsun Park, the head of LG Electronics’ blockchain research lab.  Read more

Coinbase for Agents will allow users of the crypto exchange to manage their holdings without "constant manual oversight,” autonomously performing a range of tasks. Crypto exchange Coinbase has launched a tool that allows artificial intelligence agents to make payments and trade crypto on behalf of users, as crypto companies look to ride a wave of interest in AI. Coinbase said Thursday that it is launching Coinbase for Agents, which will allow AI models like ChatGPT and Claude to connect with a user’s exchange account and be prompted to make trades or execute strategies. AI agents can also make payments using Coinbase’s AI payments protocol x402, allowing the bots to pay for data services to gather information for carrying out trading strategies without human intervention. Read more

Avalanche Treasury holds about 15 million of the blockchain’s native token, AVAX, which is trading at a five-year low. The Avalanche Treasury Company saw a rocky start as it debuted on Nasdaq under the ticker AVAT on Thursday, with shares dropping 16% by the end of the day. The new company gained access to the Nasdaq after merging with special-purpose acquisition company (SPAC) Mountain Lake Acquisition in a $675 million deal first announced in October.  The company, with support from institutional backers including Dragonfly, Pantera, ParaFi Capital, VanEck, Galaxy Digital and Kraken, aims to give investors exposure to the Avalanche blockchain ecosystem without holding the cryptocurrency.  Read more

The latest data suggests pressure is building gradually rather than triggering the widespread shutdowns seen during previous bear markets.

With $1.9 billion exiting the spot Bitcoin ETFs and tech stocks under pressure, BTC is failing as a hedge and at risk of falling below the $60,000 support. Key takeaways: The Nasdaq 100 Index dropped 7.5% in the seven days leading up to June 10, wiping out $2.7 trillion in market value. The fallout represents more than twice the entire Bitcoin (BTC) market capitalization and has put traders on alert, especially as inflation data feels the heat from high oil prices. Traders now fear that Bitcoin support near $60,000 stands at risk. Read more