Crypto Cryptocurrency

The cryptocurrency derivatives market endured another sharp shakeout after more than US$361 million worth of long positions were liquidated within a 24-hour period.

Bitcoin (CRYPTO:BTC) remained relatively stable despite a sharp decline in oil prices, with the cryptocurrency falling about 1% over the week compared with a 9% drop in Brent crude.

Goldman Sachs lowered its year-end gold price target to US$4,900 per ounce from US$5,400, citing expectations that the US Federal Reserve will not cut interest rates during 2026.

TRON (CRYPTO:TRX) traded at approximately US$0.3198 with a market capitalisation of US$30.32 billion as investors monitored the network's expanding ecosystem and increasing corporate accumulation.

Humanity Protocol, a Worldcoin rival built to verify users are human, lost over US$30 million as attackers drained 17 wallets and its token crashed about 90% in hours.

Solana (CRYPTO:SOL) recorded 285,971 wallets holding tokenised real-world assets as of June 18, surpassing Ethereum (CRYPTO:ETH) and BNB Chain (CRYPTO:BNB).

Dogecoin (CRYPTO:DOGE) drew attention to a Japanese tax incentive programme after players of Final Fantasy 14 were offered a Shiba Inu-themed in-game mount through a local government initiative.

Ethereum (CRYPTO:ETH) could face a funding gap for core protocol development within the next three to nine months.

Hyperliquid (CRYPTO:HYPE) continued to attract investor attention after reaching a record high of US$76.95 on June 16.

Strategy faces pressure over its STRC preferred stock after Arca Chief Investment Officer Jeff Dorman suggested the company may need to sell between US$3 billion and US$4 billion of Bitcoin (CRYPTO:BTC).

Coinbase Global Chief Executive Brian Armstrong said he remains long Bitcoin (CRYPTO:BTC) and expects the cryptocurrency to trade at much higher levels by 2030.

Bitcoin (CRYPTO:BTC) has rebounded from a June selloff but remains about 15% below Glassnode’s True Market Mean of US$77,200.