🚀 CRYPTO NEWS OF THE WEEK — June 10-17
📈 Bitcoin clawed back from a sub-$60K dip to reclaim $65,000-$66,000 this week, as President Trump confirmed a US-Iran ceasefire deal reopening the Strait of Hormuz. Ethereum rebounded in tandem, climbing back above $1,800.
🐳 Spot Bitcoin ETFs snapped a 13-day, $4.4B outflow streak with fresh inflows mid-week. Strategy kept buying too, adding 1,587 BTC (~$100M) to push its treasury past 846,000 BTC. Whales pulled over 11,000 BTC off exchanges, a sign of renewed accumulation.
🔥 Top weekly gainers: Bittensor (TAO) +28%, Zcash (ZEC) +21%, WhiteBIT Coin (WBT) +20%.
🏛️ New Fed Chair Kevin Warsh ran his first FOMC meeting (June 16-17). Rates held at 3.50%-3.75%, as expected, with focus on the Fed's updated rate-path projections.
📜 US lawmakers introduced the Federal Cryptocurrency Theft Enforcement and Coordination Act on June 11, proposing a national task force to fight crypto hacks and fraud.
🕵️ Security researchers this week tied the $36M Humanity Protocol token theft to North Korean hackers, who used stolen developer credentials rather than a contract exploit.
🎉 Fun fact: A physical Bitcoin auction is going down this week, 120+ lots of rare Casascius and Lealana coins, a redeemed 10 BTC Casascius piece, and even the very first issue of Bitcoin Magazine. You really can collect Bitcoin like a baseball card. 🪙
🏦 Crypto Before the Fed: Why the Dot Plot Can Matter More Than the Rate Decision
This week's rate hold was no surprise, almost everyone expected it. What actually moved markets was the Fed's "dot plot," the chart showing where officials see rates heading next. A steady median dot supports a "rates on hold through 2026" story crypto can rally on. Even one dot shifting higher signals a possible hike, a far bigger shock than any rate hold. The lesson for traders: the fine print often matters more than the headline. 📊
NORDFX Global
