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On June 17, analyst Axel Adler Jr stated that the "MVRV Z-score is currently at a moderate positive level (+0.6), indicating that the market has some buying strength, but there are no signs of overheating yet. The profit-taking ratio for short-term holders remains high at 83%, which means that most short-term investors are currently in a profitable state. Although this may trigger some profit-taking, as long as this has not occurred, it remains a positive signal. The current price is stuck in the range of $110,000 to $104,000, and short-term holders still maintain confidence in the market's upward potential.
The market remains in a bullish trend, with overall valuations in a moderately overbought state, and short-term holders show strong interest. The high proportion of profits among short-term holders suggests that some investors may take profits as prices approach 110,000 USD, potentially triggering

According to reports, the Bank of Japan maintained its target Interest Rate at 0.5%, in line with market expectations, holding steady for the third consecutive meeting.

[Bit推] The data platform tweeted, "The 25 Delta Skew of Bitcoin flipped in the past week, showing a strong risk aversion sentiment in the market. The 1-week skew jumped from -2.6% to +10.1%, and the 1-month skew rose from -2.2% to +4.9%, nearing the levels before 'Liberation Day'. This indicates that traders are increasingly hedging or speculating on downside risks."

[Chain News] PANews, June 17 - According to reports: OpenAI is seeking new financial concessions from its largest shareholder, Microsoft. OpenAI hopes that Microsoft will hold about 33% of the shares in the restructured division in exchange for giving up future profit-sharing rights. OpenAI wants to amend the existing contract terms with Microsoft, which grant Microsoft exclusive rights to host OpenAI models on its cloud platform. OpenAI hopes that its acquisition of Windsurf will not be bound by the existing contract that allows Microsoft access to OpenAI's IP information. OpenAI also wishes to reduce the revenue share shared with Microsoft in the coming years.

On June 17, according to monitoring by the data platform Block Rhythm, an early participant in Ethereum sold 501 ETH (approximately 1.29 million USD) one hour ago after being inactive for two years, and currently still holds 8,052 ETH (approximately 20.43 million USD).

JPMorgan Chase has applied for the "JPMD" trademark, rumored to be launching a USD stablecoin. The trademark covers services such as electronic fund transfers. At the same time, JPMorgan Chase will accept Crypto Assets ETF as collateral for loans, marking a shift in its attitude towards the crypto space.

[Chain News] Tiancheng Xie, CEO of Polyhedra, responded to user questions on the X platform, stating that the company "will conduct more buybacks," is currently assessing market conditions, and "needs to guard against future financial attacks."

On June 17, the US stock SRM Entertainment rose by 548.96%, now reported at 9.38 dollars; the market capitalization increased to 104 million dollars, setting a new historical high.
Earlier, Tron announced that it would go public through a reverse merger with SRM Entertainment, which is listed on Nasdaq.

[Block Rhythm] On June 16, a certain platform will launch SPK (Spark) spot trading.

On June 16, 【Block Rhythm】 influenced by the news that "OGN DAO announced it would buy back OGN worth over $3 million", OGN briefly rose nearly 7% before retreating, with a market capitalization rising to $61.5 million.

On June 16, according to data monitoring by 【区块律动】, in the past 7 days, the stablecoins (USDT and USDC) on the TRON network increased by 1.38 billion, while the stablecoins (USDT and USDC) on the Avalanche network decreased by 768.6 million.

[BitPush] According to reports, officials said Iran expressed hope to ease hostilities with Israel. This may have influenced Bitcoin to rise 0.4% temporarily.

PANews reported on June 16 that Long Fan, the founder of "Tree Map" and president of Shanghai Tree Graph Blockchain Research Institute, recently revealed in an interview with Xinmin Weekly that when he was a doctoral student at MIT, he spent $1,000 to buy 100 bitcoins, and then sold them at $50 each, and now the price of bitcoins has exceeded $100,000, and there are still no 100 bitcoins.

On June 16, Block Rhythm, TRON will go public through a reverse merger with SRM Entertainment, which is listed on NASDAQ. The transaction is managed by Dominari Securities, a boutique investment bank based in New York, linked to Donald Trump Jr. and Eric Trump.
One person stated that the newly established company will purchase and hold Tron tokens (TRX), mimicking the strategy of Strategy (formerly MicroStrategy). The person also revealed that Eric Trump is expected to hold a position in the new company, which will be named Tron Inc.
In the transaction, Tron is expected to inject up to $210 million in token assets into the new company. This marks the first time since Trump took office for his second term as President of the United States, due to his

[Bit推] One of Pakistan's largest newspapers, Daily Pakistan, reported that the country plans to appoint Michael Saylor, the Executive Chairman of Strategy (originally MicroStrategy), as a strategic Crypto Assets advisor, but the related report has been denied by representatives of the country's Crypto Assets committee.

[Block Rhythm] On June 16, according to data from a data platform, in the past 24 hours, a certain trading platform's volume reached 1.233 billion USD, with the XRP/KRW trading pair ranking first in the Korean won trading market with a share of 9.08% in trading volume. The remaining top five are: BTC, ETH, POKT, SNT.

On June 16, according to official news, Aevo Pre-Launch has been launched on pump.fun (PUMP).

[Chain News] On June 16, news came that Matthew Sigel, head of digital asset research at VanEck, warned that the strategy of public companies treating Bitcoin as treasury assets is facing risks. When stock prices approach their Bitcoin Holdings net asset value (NAV), continuing to finance Bitcoin purchases through issuing new shares may lead to shareholder equity dilution. Taking the medical technology company Semler Scientific as an example, despite holding 3,808 BTC (approximately $405 million), its stock price has dropped over 45% this year, with a current market capitalization of only $435 million, and the stock price/NAV ratio has fallen to 0.82.
Sigel suggests that companies establish risk control mechanisms: if the stock price remains below 0.95 times the NAV for 10 consecutive days, financing should be suspended, and a strategic review should be conducted on the decoupling phenomenon between Bitcoin holdings and stock prices. He specifically pointed out that executive compensation should be linked to the growth of NAV per share, rather than merely pursuing Bitcoin.

According to a post from the data platform, it has become the first company to track the SharpLink Gaming portfolio on-chain.
On June 13, ETH-based MicroStrategy publicly traded company SharpLink Gaming announced that it spent $463 million to acquire 176,271 ETH, becoming the company with the largest Ethereum holdings among publicly traded companies.