According to Odaily, Matrixport's latest chart analysis reveals that Ethereum's funding rate has surged to 13.7%, marking the highest level since February this year. This increase is often seen as a positive signal by the market, potentially attracting more inflows into Ethereum ETFs. However, a more significant indicator is the futures open interest, which is nearing its historical peak from December 2024. This suggests that the current price rise is driven mainly by leveraged futures traders rather than spot buyers. In contrast to Bitcoin, which remains dominated by spot demand, Ethereum's market behavior is diverging. There has been a recent surge in bullish options buying, combined with gamma hedging effects, which exposes ETH to a noticeable gap risk. The market is becoming increasingly fragile and sensitive to momentum shifts.

Odaily Planet Daily News According to official news from the U.S. House of Representatives Financial Services Committee, the U.S. CLARITY Act passed the review with 32 votes to 19 and will be submitted to the House of Representatives for a full vote.

According to ShibDaily, Wyoming Senator Cynthia Lummis has called for a revision of the current cryptocurrency tax policy, arguing that Bitcoin and other digital assets are being unfairly affected by existing tax regulations. In a post dated June 10, Senator Lummis emphasized the need for changes in crypto taxation, stating that the current rules are flawed and require reconciliation. Known as Congress's 'Crypto Queen,' Senator Lummis has been at the forefront of cryptocurrency policy development, notably through her introduction of the BITCOIN Act. This legislation aims to formalize U.S. President Donald Trump's executive order by creating a strategic Bitcoin reserve at the federal level. Senator Lummis presented her proposed crypto tax framework at the 2025 Bitcoin Conference, revealing that her office has already submitted a detailed plan to the Senate Finance Committee. In a letter dated May 12, Senator Lummis, along with Bernie Moreno, urged Treasury Secretary Scott Bessent to reconsider the current definition of 'adjusted financial statement income' under U.S. law. They highlighted the Treasury's authority to amend this interpretation to alleviate tax burdens on digital asset firms and encouraged Secretary Bessent to utilize this power. In the United States, the Internal Revenue Service (IRS) treats cryptocurrencies as property, meaning that any profitable crypto transaction is subject to capital gains tax. Short-term gains, from assets held for less than a year, are taxed at ordinary income rates ranging from 10% to 37%, depending on the taxpayer's bracket. Long-term gains, for assets held over a year, benefit from reduced rates of 0%, 15%, or 20%, providing some tax relief to long-term crypto investors. As discussions on crypto taxation continue, both lawmakers and industry experts stress the importance of establishing clearer, more balanced policies that reflect the evolving nature of digital assets. With the rapid advancement of blockchain technology and increasing adoption, tax frameworks must evolve to encourage innovation while ensuring fair compliance. The outcome of these discussions could significantly influence the future landscape of crypto investment and business operations in the U.S., making it essential for stakeholders to remain engaged in the legislative process. The response of policymakers will be crucial in determining whether the country can nurture a thriving digital economy that benefits all participants.

Odaily Planet Daily News Musk X said on the platform that he regretted some of the posts he made last week about US President Trump, and the content of the posts was too extreme.

Odaily Planet Daily News Matrixport released today's chart analysis, saying, "Ethereum's funding rate has soared to 13.7%, a new high since February this year. This is usually interpreted by the market as a positive signal, which is expected to attract more funds from Ethereum ETFs. However, a more noteworthy sign is that the volume of futures open contracts is approaching the historical high in December 2024. It shows that the main driver of this round of price increases is not spot buyers, but leveraged futures traders. Compared with Bitcoin, which is still dominated by spot demand, Ethereum's trend is differentiated. The recent surge in call option buying, coupled with the gamma hedging effect, has put ETH at a significant risk of gapping. The market is becoming more fragile and sensitive to momentum changes."

Ripple’s Chief Technology Officer, David Schwartz, confirmed the launch window during the Apex 2025 summit in Singapore. source: https://coindoo.com/xrp-ledger-to-launch-evm-sidechain-in-q2-2025/

An analyst known for making timely Bitcoin calls believes that BTC is poised to witness steep rallies in the coming months. In a new video, trader Kevin Svenson tells his 83,200 YouTube followers that Bitcoin appears to be in the final stages of a parabolic trend that began in 2023. source: https://dailyhodl.com/2025/06/11/crypto-analyst-predicts-really-epic-next-few-months-for-bitcoin-sees-vertical-phase-coming-for-btc/

Odaily Planet Daily News Bybit's Bybit Alpha announced that it will launch a "CUDIS Ring" lottery event in cooperation with Cudis. One of every five qualified users will be drawn. The event ends at 10 am (UTC) on June 18. Participating users must meet the following conditions: Follow @BybitAlpha and @CudisWellness official X accounts; Repost the original post and leave the UID; Complete at least $100 in CUDIS trading volume on Bybit.

Connecticut passes HB7082 banning state investments in cryptocurrency; impacts BTC and ETH. source: https://coincu.com/342615-connecticut-cryptocurrency-investment-ban

With Bitcoin prices surging and institutional demand booming, IBIT is now one of the fastest-growing ETFs in U. S. history source: https://coinpedia.org/news/blackrock-bitcoin-etf-breaks-record-as-ibit-stock-hits-63-ath/

Argentina’s government suddenly closed the investigation into the Libra cryptocurrency scandal involving President Milei and his sister, despite public concern and complaints. The criminal case continues, but the task force was shut down amid political backlash, leaving questions about transparency and the future of crypto regulation in the country.

Argentinians are losing trust in President Javier Milei after his alleged involvement in the $4.6 billion Libra crypto scandal, with polls showing a drop in his approval rating. Despite this, his party still leads in election polls, though doubts about his leadership and economic policies are growing.

Hayden Davis, founder of the $LIBRA meme coin, faces an Interpol Red Notice as Argentine authorities accuse him of orchestrating a $100 million scam. The scandal also involves President Javier Milei, who promoted the coin before it collapsed, leading to lawsuits from defrauded investors.

On-chain data shows that insiders linked to MELANIA and LIBRA tokens moved large sums through multiple wallets, raising concerns about money laundering.