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New research from Galaxy Digital suggests that Bitcoin’s cycle low could form at higher price levels than previous bear markets due to the absence of speculation. The analysis places the potential bottom between $62,000 and the network’s realized price at $53,600.Galaxy head of research Alex Thorn analyzed every Bitcoin cycle top and bottom and noted that the four-year cycle continues to track closely with BTC’s historical timing. The peak-to-trough declines have steadily narrowed across market cycles, falling from 85% and 84% in earlier periods to 77% in 2022 and 51% in 2026. Bitcoin’s four-year cycle peak-trough analysis. Source: Galaxy Research/XThorn argued…

Hungary has announced plans to decriminalize crypto trading, reversing strict 2025 regulations that subjected traders to potential prison terms. Anita Köböl, a spokesperson for the newly elected government, confirmed during a June 11 press conference that the Orbán-era rules would be scrapped to address market disruption and align with European Union standards. The 2025 legislation, known as the Crypto Act, mandated that all crypto-to-fiat and crypto-to-crypto conversions be validated by licensed service providers. Transactions without proper certification were classified as criminal offenses. Depending on transaction size, penalties ranged from two to eight years in prison. These measures triggered widespread platform…

Dubai, United Arab Emirates, June 12th, 2026, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched SPCXX, tokenized SpaceX under the xStocks framework on its Spot market, together with new prize pools.  SPCXX is listed on Bybit Spot on June 12, 2026, at 16:20 UTC. Users can take part in a 200,000 USDT Token Splash exclusive on Bybit for a chance to earn rewards by accumulating spot trading volume in SPCXX pairs. Bybit Spot Listing Timeline SPCXX deposit: Opens on June 12, 2026, 16:20 UTC SPCXX listing: June 12, 2026, 16:20 UTC SPCXX withdrawals: Opens on June 13,…

The cryptocurrency market reached its definitive bottom for the currency cycle, Standard Chartered Analyst Geoffrey Kendrick said in a note on Friday.The cycle low is now locked in at $59,000 for bitcoin, a 53% drop from its Oct. 6 all-time high of $126,000, according to Kendrick. “Winter is over. Welcome back to crypto Spring, he said.CoinDesk data shows bitcoin touched as low as $59,375 on June 5 in the evening, around 18:00 UTC. At the time of writing, bitcoin hovered just shy of $64,000.Kendrick, who has $4,000 ether and a $100,000 bitcoin price target by the end of this year,…

Dubai, United Arab Emirates, June 12th, 2026, Chainwire Mantle, the premier distribution layer connecting traditional finance and on-chain liquidity, today announced the listing of SPCXx, the tokenized SpaceX equity issued by xStocks, available for 24/7 on-chain trading and liquidity provision on Mantle from the day SpaceX completes the largest initial public offering in history. The listing brings on-chain access to one of the most anticipated equity events in history through two of the ecosystem’s flagship venues, Fluxion and Merchant Moe, and opens what is expected to be a strong season of high-demand tokenized equity listings on Mantle. Institutional-Grade Execution via…

ROAD TOWN, British Virgin Islands, June 12, 2026 /PRNewswire/ — AFX, a high-performance sovereign L1 purpose-built for decentralized derivatives, announced that industry veteran Ken C has joined the protocol as Head of Growth, reinforcing AFX’s commitment to expanding its global trading ecosystem and accelerating adoption of on-chain derivatives infrastructure. Ken brings more than nine years of experience spanning traditional finance, Web3, and emerging AI technologies. He began his career leading digital product initiatives at HSBC and DBS Bank before transitioning into crypto, where he held leadership roles across OKX, Animoca Brands, and multiple startup ventures. His experience spans ecosystem growth, business…

Victoria, Seychelles, June 12th, 2026, Chainwire MEXC, a pioneer in 0-fee digital asset trading, has published its May 2026 Trading Highlights report. Crypto-native users moved aggressively into traditional asset exposure throughout the month. US equity futures volume jumped 85%, the SPACEX(PRE) Launchpad hit a record-breaking 15.5x oversubscription, and new token spot trading volume per user grew 36% as capital rotated from Meme assets into RWA and AI infrastructure.  Users primarily concentrated their capital in two sectors – RWA and AI infrastructure, shifting from the Meme-heavy volume mix seen in April. RWA drew the most capital. Three projects from the sector…

Dubai, UAE, June 12th, 2026, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced its inclusion in the inaugural Fortune Crypto 100, a prestigious ranking recognizing the most influential companies and protocols shaping the future of the global digital asset ecosystem. The Fortune Crypto 100 recognizes organizations driving innovation, building critical market infrastructure, and expanding the role of digital assets in the broader financial system. Bybit was recognized in the CeFi category, which includes crypto-first companies such as exchanges, lenders, and custodians that facilitate the trading, custody, and movement of digital assets. The ranking brings together both…

PORT VILA, Vanuatu, June 12, 2026 /PRNewswire/ — Vantage, a global multi-asset broker for CFD trading, announced its inclusion on the Fortune Crypto Innovators list. Selected independently by Fortune’s editorial department based on its editorial criteria, the list serves as a recognised industry reference point, highlighting companies operating within the digital asset and broader financial ecosystems. As traditional finance and digital assets continue to converge, navigating the operational and technological complexities of both landscapes requires robust infrastructure. Vantage’s selection highlights its capacity to provide access to both sectors, positioning the broker alongside prominent crypto-native businesses and institutional financial participants featured on…

Google DeepMind, in collaboration with Schmidt Sciences, the Cooperative AI Foundation, ARIA, and Google.org, has announced a $10 million funding initiative to advance research into multi-agent AI safety. The call, unveiled on June 11, 2026, aims to address the growing risks posed by autonomous agents interacting across digital environments. Applications are open until August 8, with funding decisions expected by autumn. Why does this matter? Multi-agent AI systems—where numerous autonomous agents negotiate, transact, or collaborate—are becoming central to enterprise and societal infrastructure. Microsoft’s Agent Framework 1.0, released in April 2026, has already brought production-grade multi-agent systems to the forefront, and…