U.S. federal prosecutors said they seized about $7.1 million from cryptocurrency wallets tied to an investment fraud case that routed $97.1 million through bank and exchange accounts. According to the U.S. Attorney's Office for the Western District of Washington, Geoffrey K. Auyeung received a five-year prison sentence on June 9, 2026, while prosecutors are also seeking $24,707,031 in restitution.

BlackRock filed a Form 8-A with the U.S. SEC for its iShares Bitcoin Premium Income ETF (BITA) on June 11, and an analyst said the fund could begin trading on Nasdaq within about a week. The product uses a covered-call approach, writing options on roughly 25% to 35% of NAV each month, and lists a 0.65% sponsor fee aimed at income-focused bitcoin exposure.

Analyst Benjamin Cowen argues Bitcoin's four-year cycle remains intact, saying the current midterm-year drawdown closely matches past patterns. On-chain observers highlight BTC trading near the 200-week MA Quantile, while CryptoQuant warns price could revisit the realized price around $53.5K as demand weakened sharply. BTC was around $63K at the time of writing after retesting its February low last week.

Bitcoin moved above $63,600 on 11 June 2026 after President Donald Trump said in the Oval Office that the U.S. had reached a settlement with Iran, pending "finalization of documents." The total crypto market cap rose to $2.18T (+2.68%), while $361.18M in derivatives positions were liquidated over 24 hours, led by $198.31M in shorts.

Grok AI, described as Elon Musk's model, flags Bitcoin's more-than-50% drawdown as an accumulation setup and projects $150,000 to $225,000 by the end of 2026. With BTC around $62,800–$62,857, the forecast implies a 2.5x to 3.5x move while the analysis highlights support at $60,000 and the $55,000 to $70,000 range as pivotal.

Nakamoto Inc. (Nasdaq: NAKA) said it reworked its balance sheet after liquidating about 600 Bitcoin plus related derivatives, generating $48 million. It used $45 million of the proceeds to pay down Kraken and reported its treasury now totals 4,467 BTC. The company also cited a remaining 165 million USDT debt to Kraken, alongside a $25 million share buyback plan and a 1-for-40 reverse split to keep its Nasdaq listing compliant.

Two crypto analysts argue Bitcoin remains in a bear market and may be in its final bearish phase. One expects the cycle to potentially bottom between $47,000 and $51,000 around October 2026, while another sees a possible drop to $54,000 next week and a deeper low near $47,000 by July 2026. Both forecasts frame the period as marked by weak sentiment and choppy price action.

Bitcoin rose from $62,300 to $63,700 in roughly an hour after President Donald Trump said the US would not carry out scheduled strikes on Iran. In the same window, oil fell sharply from above $91 to below $87, while ETH moved back near $1,700, BNB returned to $600, and SOL gained 5% on the day to $67.