PA Daily | Binance Alpha launches SynFutures (F), with a points Airdrop threshold of 241 points; Bybit's incubated on-chain DEX project Byreal will launch on the Testnet at the end of the month.

Today's news highlights:

1. Macroeconomic Outlook for Next Week: With the missile war led by Iran escalating, the "wartime market" for gold and crude oil may wipe out all shorts.

2. Brazil plans to impose a uniform tax rate of 17.5% on cryptocurrency profits.

3. The voting for the proposal AIP-596 to dissolve the ApeCoin DAO has officially started, and will end on June 26.

4. Binance Alpha launches SynFutures (F)

5. The on-chain DEX project Byreal, incubated by Bybit, will launch its testnet on June 30.

6. Coinbase Institutional: Corporate leveraged purchases of cryptocurrencies may trigger systemic risks.

7. Trader AguilaTrades went long on BTC again this morning, with a position value of approximately 200 million USD.

8. In the past 7 days, NFT trading volume increased by 37.1% compared to the previous period, with Immutable network trading volume rising by over 150%.

Regulation/Macro

Macroeconomic Outlook for Next Week: With the missile war led by Iran escalating, the "wartime market" for gold and oil may wipe out all short positions.

As the Israel-Iran conflict suddenly escalated on Friday, commodities were the first to bear the pressure from the ongoing conflict at the close of the day, with WTI crude oil rising about 6%, and a cumulative increase of over 10% this week; spot gold surged nearly $50, strongly holding above the $3400 mark, with a weekly gain of over 3.7%. In the coming week, several central banks, including those of the United States, the United Kingdom, and Japan, will hold policy meetings as the Israel-Iran conflict continues to escalate this week. Here are the key points the market will focus on in the new week:

Monday 20:30, US June New York Fed Manufacturing Index;

On Tuesday, the Bank of Japan announced its interest rate decision.

Wednesday 20:30, Initial Jobless Claims in the U.S. for the week ending June 14;

Thursday at 02:00, the Federal Reserve FOMC will announce its interest rate decision and economic projections.

Thursday at 02:30, Federal Reserve Chairman Powell will hold a monetary policy press conference.

The monthly retail sales data from the US to be released next Tuesday will become the focus of attention. Investors are hoping to see whether tariffs have led to price increases, thereby putting pressure on consumer spending. As the 90-day suspension period for a series of tariff measures by Trump is set to end on July 8, trade developments are likely to continue to keep the market uneasy.

Brazil plans to impose a uniform tax rate of 17.5% on cryptocurrency profits.

Brazil has canceled its long-standing tax exemption policy on cryptocurrency gains. According to the temporary law (Decree No. 1303), a uniform tax rate of 17.5% will be imposed on individual cryptocurrency profits. This tax rate reportedly applies to all cryptocurrency holders, meaning that small investors will face a higher tax burden, while larger investors may see a reduction in their tax burden. Previously, individuals in Brazil were not required to pay taxes on cryptocurrency sales of up to 35,000 reais (approximately 6,300 USD) per month.

Report: Russia uses Bitcoin to fund teenagers engaged in espionage and sabotage activities

A survey conducted by Reuters in collaboration with blockchain analysis companies Global Ledger and Recoveris shows that Russian intelligence agencies have been using Bitcoin to pay untrained teenage spies. A Reuters report details the recent case of Canadian citizen Laken Pavan, who was sentenced to 20 months in prison after admitting to assisting Russian intelligence in Poland last December. Recoveris stated that the FSB (Federal Security Service) and the GRU (Main Intelligence Directorate) have repeatedly funded young people in Poland to carry out tasks such as surveillance, graffiti, and arson using cryptocurrency, with some funds being used to hire mercenaries in the Donbas region and to bribe European politicians.

"The advantage of using Bitcoin or cryptocurrency to pay agents or assets is that any amount of cryptocurrency (even millions of dollars) can be transferred instantly worldwide, free from any government barriers, except for the gateways from cryptocurrency to fiat currency," In addition, Russian intelligence agencies can fully leverage the transparency that cryptocurrency brings. "Personnel and senior intelligence officials can monitor the flow of cryptocurrency." "Any expenditure by agents can be audited to ensure it is used for operational purposes." Given the ongoing restrictions from sanctions, such cryptocurrency payments are expected to continue, and the transparency allows the Russian side to monitor the use of funds.

( opinion

Analysis: Bitcoin remains resilient amid escalating conflicts in the Middle East, continuing to maintain a pattern of rising lows.

Due to traders weighing geopolitical impacts and tariff uncertainties, Bitcoin briefly fell below $104,200 overnight, but then rebounded on high trading volume and quickly stabilized, currently hovering around $105,100, down 0.22% in the last 24 hours, as traders have largely digested the geopolitical tensions. Traders seem to lean towards a bullish outlook in the medium term, as despite the intraday fluctuations in Bitcoin, it maintains a pattern of higher lows. Profit-taking near $106,000 has capped upward momentum, but support around $105,000 continues to attract dip buying. Market participants are closely watching this range, especially with safe-haven demand and risk sentiment still intertwined.

Coinbase Institutional: Corporate leveraged purchases of cryptocurrencies may pose systemic risks.

Coinbase Institutional stated that corporate leveraged purchases of cryptocurrencies could pose systemic risks, but the short-term impact of such risks seems to be relatively limited. Meanwhile, supported by factors such as improved expectations for U.S. economic growth, the Federal Reserve's potential interest rate cuts, an increase in corporate financial adoption, and clearer regulations, the cryptocurrency market is expected to experience constructive development in the second half of 2025. It is reported that an increasing number of publicly listed companies are beginning to adopt Bitcoin-backed balance sheets, with a total of 228 companies reporting cryptocurrency holdings under the new rules of the Financial Accounting Standards Board in the United States.

CZ: does not own 90% of Binance shares.

CZ clarified in a post on platform X that community users stated: I do not own 90% of Binance shares, and I did not graduate from McGill University; I dropped out during my senior year to continue working and eventually obtained a degree from a distance education college, just to make it easier to obtain a work visa.

On-chain detective ZachXBT: The Hyperliquid ecosystem urgently needs funding to build better analytical and compliance integration tools.

In response to the comments in the community that "Hyperliquid is the most important asset of the past decade, TradFi is beginning to understand its value, and there is high demand for profitable crypto projects but scarce supply," on-chain detective ZachXBT replied that the Hyperliquid ecosystem urgently needs funding to build more comprehensive analytics and compliance integration tools to prevent major security incidents. Due to the current lack of proper tools in Core and EVM, tracking individual asset theft incidents has become extremely difficult. He then listed tools such as Etherscan, Arkham, Dune, as well as TRM, Chainalysis, etc.

Analyst: BTC's ability to rise despite high government bond yields indicates that it is gradually being viewed as a store of value.

Analyst Darkfost believes that when the dollar index and Treasury yields rise at the same time, capital tends to flee from risky assets, and bitcoin usually experiences a correction in this environment. Historically, bear markets in cryptocurrencies have tended to coincide with strong upward trends in Treasury yields and the U.S. dollar index. Conversely, when the dollar index and Treasury yields lose momentum, investors' appetite shifts to risky assets. These periods are often associated with monetary easing or Fed rate cut expectations, adding to the bullish sentiment in the cryptocurrency market.

What stands out in the current cycle is the unusual decoupling between Bitcoin and government bond yields. Despite government bond yields reaching historic highs for Bitcoin, it continues to show an upward trend and often accelerates when the dollar index falls. This anomaly suggests that Bitcoin's role in the macro landscape has undergone a structural shift. The reason lies in the fact that Bitcoin is increasingly seen as a store of value. This new narrative may be redefining how Bitcoin responds to traditional macro forces.

) Project Dynamics

The voting for the dissolution of the ApeCoin DAO proposal AIP-596 has officially started, and it will end on June 26.

Garga.eth, co-founder of Yuga Labs, announced on the X platform that the proposal AIP-596 to dissolve the ApeCoin DAO has officially started voting, aiming to further promote reforms to the ApeCoin ecosystem and orderly transfer assets and responsibilities to the new entity ApeCo established by Yuga Labs. It is reported that the new entity team will be composed of the current Executive Director of the Ape Foundation, Cameron Kates, as well as other foundation members and members of the Banana Bill team.

Garga.eth reminds that this AIP requires a large number of votes to pass, expecting that 3.5% of all circulating tokens need to participate in the voting and 66% of an absolute majority approval is required. According to the voting information, this vote will end on June 26, and the current approval rate is 99.19%.

Binance will adjust the unified account collateral rate and the leverage and margin tiers for U-based perpetual contracts.

According to the official announcement, Binance will adjust the collateral ratio of certain assets in the unified account on June 20, 2025, at 14:00 (UTC+8), and this update will be completed in approximately 30 minutes. Binance contracts will update the BTCUSDT U-margined perpetual contract on June 17, 2025, at 14:30 (UTC+8) and update the leverage and margin tiers of other U-margined perpetual contracts on June 20, 2025, at 14:30 (UTC+8), as shown in the table below. This update will be completed in about one hour.

The on-chain DEX project Byreal, incubated by Bybit, will launch its testnet on June 30.

According to the official announcement, the first on-chain DEX project incubated by Bybit, Byreal, will launch at the end of this month. Byreal was born in the Solana ecosystem and aims to unify decentralized liquidity by combining CEX-level liquidity with DeFi's native transparency. Byreal adopts an RFQ + CLMM routing design, providing low slippage and MEV protection for swap exchange transactions. The Byreal testnet will launch on June 30, and the mainnet will be released in the third quarter of 2025.

Binance Alpha launches SynFutures ###F###

According to the official announcement, Binance Alpha has now launched SynFutures (F). Eligible Binance users with at least 241 Binance Alpha points can claim an airdrop of 5,000 F tokens on the Alpha event page starting from June 15 at 16:00 (UTC+8). Claiming the F airdrop will consume 15 Binance Alpha points. Users must complete the claim within 24 hours after it opens, otherwise it will be considered a forfeiture of the airdrop.

( Important data

A pre-mined address containing 2000 ETH was activated after being dormant for nearly 10 years.

According to Whale Alert monitoring, a dormant pre-mined address containing 2,000 ETH ($5,063,918) has just been activated after 9.9 years of dormancy (these ETH were worth only $620 in 2015).

In the past 7 days, the NFT trading volume increased by 37.1% compared to the previous period, with the trading volume on the Immutable network rising by over 150%.

CryptoSlam data shows that the NFT market experienced a strong rebound over the past week, with trading volume jumping by 37.10% to reach $144.8 million. Market participation significantly increased, with the number of NFT buyers rising by 50.56% to 1,061,348 people; the number of NFT sellers increased by 8.09% to 38,494 people; and the number of NFT transactions also grew by 7.88% to 1,749,437 transactions.

The Immutable network ranks first with a trading volume of $41.7 million, soaring 156.01% compared to the previous week; the Ethereum network's trading volume is $31.5 million, dropping to second place, with a week-on-week increase of 6.69%; the Bitcoin network increased by 22.55%, with a trading volume of $19.4 million; the Polygon network grew by 32.91%, with a trading volume of $18.5 million; the Mythos Chain network's trading volume is approximately $14.1 million.

The number of buyers on all major blockchains has increased, with Polygon growing by 35.63%, followed by Solana at 27.41%, and Bitcoin at 23.22%.

This week's high-value transactions include:

• CryptoPunks #1831 was sold for 150 ETH ($389,846)
• CryptoPunks #9778 sold for 150 ETH ($377,958)
• CryptoPunks #4868 was sold for 76.5 ETH ($201,933)
• CryptoPunks #5586 sold for 70.07 ETH ($185,292)
• CryptoPunks #7516 sold for 60 ETH (158,378 USD)

Trader AguilaTrades went long on BTC again this morning, with the current position valued at approximately 200 million USD.

According to on-chain analyst Yu Jin's monitoring, trader AguilaTrades has once again gone long on BTC this morning, currently opening a long position worth 200 million USD in BTC. Their position details are as follows: 20x leverage long position, holding 1,894 BTC, position value approximately 200 million USD, opening price 104,976 USD, liquidation price 97,265 USD, currently floating profit approximately 910,000 USD. This trader had opened a BTC long position on June 9 and cut losses to close the position on June 13, incurring a loss of 12.48 million USD.