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Bitcoin at $62K, Global Stocks Decline, Oil Rallies as Iran Ceasefire Crumbles

Bitcoin at $62K, Global Stocks Decline, Oil Rallies as Iran Ceasefire Crumbles

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Hedge funds have grown increasingly bearish on the Japanese yen, building their largest short positions since 2007, with contracts nearing 138,000 as of June 30.

Ripple Boosts XRP Exposure in College Sports
The University of Kansas has partnered with Ripple, adding XRP branding to its athletic uniforms.

Bitcoin Falls as Iran Tensions Resurface
Bitcoin dropped to session lows after Donald Trump warned the U.S. could launch new strikes on Iran, accusing it of repeatedly violating a ceasefire during remarks alongside Volodymyr Zelenskyy at a NATO summit.

BTC declined to roughly $61,800, down 2.5% in 24 hours. At the same time, WTI crude surged past $74 per barrel, gaining 5%. U.S. stock futures recovered from earlier declines, with Nasdaq futures down about 0.7%.

Blue Origin Approaches $10B Funding Round
Jeff Bezos’ Blue Origin is reportedly close to securing $10 billion in funding, which would value the company at $130 billion. Coatue Management is expected to lead with $4 billion, while Bezos adds another $2 billion.

Trump Urges Trade Halt With Spain
At the NATO summit in Turkey, Trump criticized Spain’s defense spending and called for ending all U.S. trade with the country, instructing Treasury Secretary Scott Bessent to act.

OpenAI Model Names Stir Crypto Circles
OpenAI is preparing to release its GPT-5.6 lineup—Sol, Terra, and Luna—globally after a limited preview. The names sparked discussion in crypto communities due to their connection to the Terra-Luna collapse in 2022.

RWA Futures Market Surges
Trading in perpetual futures tied to real-world assets has skyrocketed, reaching $347 billion in May compared to just $230 million at the start of 2025. Year-to-date volumes now exceed $1.32 trillion, with Binance leading the market.

Bitcoin ETFs Extend Inflow Streak
U.S. spot Bitcoin ETFs recorded $21.44 million in inflows on Monday, marking three consecutive days of gains. BlackRock’s IBIT led the inflows, lifting total ETF assets to $77.26 billion. Bitcoin traded near $63,800.

Ceasefire Breakdown Jolts Markets
Trump declared the Iran ceasefire effectively over, sending oil prices up 5% above $74 while Bitcoin slipped to $62,000. Nasdaq futures also declined by around 1.2%.

Robinhood Chain Tops $100M in TVL
Robinhood’s layer-2 blockchain built on Arbitrum surpassed $100 million in total value locked within a week, driven largely by activity on the Morpho platform.

Korean Stocks Enter Bear Market
South Korea’s Kospi index has fallen 20% from its peak, entering bear territory amid concerns over AI demand. Bitcoin, however, has remained relatively steady near $62,650.

Inflation Expectations Climb Higher
According to a New York Fed survey, U.S. consumers now expect inflation to hit 3.7% over the next year—the highest since 2023—boosting interest in store-of-value assets like gold and Bitcoin.

Yen Weakness Drives Crypto Adoption in Japan
With the yen near a four-decade low, Japanese firms are increasingly turning to Bitcoin and XRP to diversify reserves. SBI VC Trade reports rising corporate demand as companies seek protection from currency depreciation.


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