After printing an all-time high of $75.51 on 02 June, Hyperliquid (HYPE) has pulled back 21.2% while Bitcoin slid from around $74K to below $59K. The trend structure on higher timeframes remains bullish, but key Fibonacci levels suggest HYPE could revisit $52.52 or $46.21, and potentially the $38.17 swing low. On shorter timeframes, a bounce may extend toward $63 before another leg down, with traders watching $65.78 as a nearby invalidation level.

MetaMask has expanded its Mastercard-backed crypto card across Latin America, adding support for 13 countries while the card remains available in Brazil and Argentina. The product automatically converts crypto from a user's wallet into local currency at checkout and offers 1% cashback paid in mUSD. The rollout follows MetaMask's 2024 pilot and a nationwide U.S. launch announced in February.

XRP appears to have stabilized near $1.15, but a weekly-chart comparison suggests the market could remain range-bound for roughly 800 days, potentially stretching to late 2027. The analysis points to a repeat of a 2022-style volatility squeeze, with price projected to oscillate between $1.15 and $2.00 before any larger trend resumes.

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.

A coalition of U.S. state attorneys general served OpenAI with a broad subpoena on Friday, June 12, seeking records on advertising, user interactions, data handling, and how its products are used by children and older users. The multi-state probe, led by New York's attorney general, adds to mounting state scrutiny and could pressure OpenAI to adjust ChatGPT's safety and privacy practices as it approaches an IPO timeline discussed for September.

Maelstrom, the family office of BitMEX co-founder Arthur Hayes, said two of the four developers funded under its Bitcoin Grant Program are now working full-time on privacy tools designed to make Bitcoin transactions harder to trace. The program has paid monthly Bitcoin installments on 12-month contracts since October 2024 and limits grant stacking to $400,000 per year. The update follows Hayes confirming Maelstrom has exited its entire Zcash (ZEC) holding, citing a risk tied to Zcash's Orchard pool.

Shiba Inu (SHIB) recorded more than 64 billion tokens moved across exchanges over the last 24 hours, drawing attention to potential volatility. SHIB is described as technically weak after breaking below a rising support structure and trading under key moving averages, while RSI is nearing oversold conditions. A key area highlighted is $0.00001100-$0.00001150, with a move back above it viewed as an early sign of buyers returning.

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.