Trading

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.

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.

Lighter's LIT gained about 12.52% over the past 24 hours as perpetual DEX activity picked up, with traders also focusing on IPO-related markets. In the wake of SpaceX launching an IPO aimed at raising $75 billion, Lighter's notional volume rose 73.7% week-over-week to $14.84 billion, while LIT's own token trading volume climbed to $1.80 billion over the month. The chart setup shows price rebounding from a mid-May uptrend, though $1.60-$1.70 is highlighted as a key resistance area.

Hyperliquid’s third-party HIP-3 commodities perps have grown quickly, but Blockworks Research argues the deployer economics are now showing strain. Felix said it will shut down on 20 June after being outcompeted by TradeXYZ, while Blockworks estimates smaller deployers may need about 4 years on average to recoup $30K-per-ticker auction costs.

On-chain trackers flagged a 75,000,000 USDT transfer leaving a Binance-associated wallet on Ethereum. The transaction (hash: 0x0b880…8abc7) moved funds to an external address, while the recipient and purpose remain unclear. Traders are watching the outflow as stablecoin reserve shifts can coincide with broader market repositioning.

Senate Banking Committee Chair Tim Scott said on June 11 that advancing the CLARITY Act is part of building consumer protections and reinforcing U.S. financial leadership, including through stablecoin regulation. He argued that stablecoins backed by dollars or U.S. Treasuries can increase demand for the dollar, while clearer crypto rules could improve payments and reduce transaction costs. The measure still needs Senate passage, reconciliation with the House version, final approval in both chambers, and the president’s signature before it can become law.

On June 12, 2026, XRP changed hands at $1.1329, down 0.76% on the week, as market mood slid to its most negative level of 2026. Santiment's weighted sentiment and on-chain signals point to extreme fear, while the weekly XRP/USD chart shows Parabolic SAR staying above price and RSI (14) sitting in an oversold 30.23–34.85 range.

Bitcoin briefly moved above $64,000 on June 12 and later reached a seven-day high of $64,349 amid shifting headlines around President Donald Trump's claim of a U.S.-Iran understanding. Prices swung between $62,805 and the mid-$63,000s, while derivatives liquidations totaled $88 million and weekly spot bitcoin ETF outflows were cited at about $405 million.

Bitcoin has fallen nearly 50% from its July 2025 record above $123,000, and was trading around $63,900 as of Friday. The pullback, alongside declines of roughly 4% in the Nasdaq Composite and 8% in gold, is pushing investors to reconsider whether bitcoin belongs in a diversified portfolio and, if so, what a prudent allocation looks like.

On June 12, 2026, a clear split emerged across the 10 largest AI agent tokens, with seven posting seven-day gains while SIREN and BankrCoin retreated. Allora (ALLO) led the group with a 109% weekly jump, while sector heavyweight FET slipped 4.15% despite a $425.6M market cap.