Analyst Ali Martinez outlined downside targets for BTC, ETH, and XRP in the current cycle, arguing that all three could still face further declines. He pointed to BTC levels around $54,000 or $43,000, suggested ETH could fall to $700, and said XRP’s potential bottom zone sits between $0.70 and $0.90 versus a current level near $1.15.

Goldman Sachs Research said the Federal Reserve is increasingly likely to leave rates unchanged for the rest of 2026 as US growth and labor conditions remain firmer than expected. The bank moved its projected remaining cuts to June 2027 and December 2027, from December 2026 and March 2027, and expects the federal funds rate to later fall to 3.0%–3.25%.

The Crypto Fear & Greed Index has rebounded about 25% in under 72 hours to 19, moving out of the “Extreme Fear” range even as sentiment remains fearful. Over the past month, the market extended a four-week downtrend amid more than $500 billion in outflows and a weekly total crypto market-cap decline of 0.27%. Bitcoin dominance has also risen by over 0.6% on the weekly chart toward 60%, alongside macro and cross-asset signals that suggest stabilization.

On June 12, 2026, the CFTC's Division of Market Oversight issued a no-action letter that permits designated contract markets to convert perpetual-style digital commodity futures into true perpetual futures by eliminating expiration dates, if specific conditions are met. The relief, requested the same day by Coinbase Derivatives LLC and Bitnomial Exchange LLC, requires notice, participant feedback, risk disclosures, and filings under CFTC rules. The Division said the no-action positions are set to expire on June 30, 2026.

Binance Wallet, Bybit and Bitget canceled SpaceX pre-IPO tokenized-share offers on Friday and issued refunds after xStocks could not obtain the underlying shares. Retail demand reportedly overwhelmed available allocations, with Bloomberg citing over $100 billion in retail orders and xStocks partners said to have collected more than $1 billion in customer interest. The episode highlighted that token issuance can function as designed, but sourcing and holding the real shares within required frameworks can still be the limiting factor.

Bitwise said Bitcoin often reacts first to tightening liquidity, describing BTC as a “canary in the macro coal mine” as broader risk assets show strain. BTC fell 1.2% on the day and faced another potential retest of $60,000 support, while Glassnode data showed XRP’s 90-day average network fees down 91.5% to 500 XRP from 5,900 XRP. Separately, Ether futures open interest on Binance reached a record 3.7 million ETH even as ETH remained down 44% in 2026.

Binance halted its SPCXx tokenized SpaceX offering after it and other exchanges could not obtain enough SpaceX shares to support the product. The campaign drew about $557 million in subscriptions, and Binance said user funds will be refunded in USDC and that an additional $1 million compensation program will be provided. The exchange stated refunds will be completed by June 12, with related airdrop credits expected by June 18.

The SEC approved NYSE Arca’s request to list and trade shares of the T. Rowe Price Active Crypto ETF in a June 12, 2026 order. The actively managed fund can select from an eligible list including BTC, ETH, XRP, SOL, DOGE, and XLM, and it typically expects to hold five to 15 crypto assets. The filing also allows USDC for operational purposes such as expenses and trade execution, not as an investment holding.