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.

Large Litecoin holders increased their presence as LTC hovered near $43 on June 13, 2026, close to its weakest level since June 2022. Wallets with at least 10,000 LTC rose 7% over five months to 648, while USD transaction volume slid to yearly lows around $6.02B. Market focus has also shifted to LitVM, an EVM-compatible smart-contract layer, as traders weigh whether new utility can offset bearish technical signals.

Bitcoin swung from nearly $73,000 to below $60,000 and later rebounded to around $63,500, stabilizing above $63,000 after its sharpest weekly slide in months. The week also featured Strategy’s sale of 32 BTC for about $2.5 million, while easing Iran-related fears, lower oil and a risk-on move in stocks helped lift major cryptocurrencies.

The Commodity and Futures Trading Commission sued New Mexico after the state tried to apply its gaming rules to Kalshi’s federally regulated event-contract markets. The state previously sought an injunction to stop Kalshi from offering sports-related contracts, while the CFTC is asking a federal court to confirm exclusive federal authority and block enforcement of preempted state laws.

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.

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.