[News Brief] Jun 24, morning | Bitcoin (BTC) Breaks Above $63,000 on OKX

Bitcoin (BTC) has broken above $63,000 on OKX.

According to Odaily, BTC was trading at $63,008.90, up 0.83% on the day. In the crypto market, whether major price levels can be decisively broken is being closely watched as a key variable for short-term momentum.

According to Onchain Lens, BlackRock deposited 2,700 BTC, worth about $169 million, and 52,956 ETH, worth about $88.17 million, to Coinbase.

The total size of the transfer was დაახლოებით $257 million, and the possibility of additional deposits has also been mentioned. While exchange deposits are often interpreted as a potential sign of selling, they may also reflect operational purposes such as wallet rebalancing for institutional assets.

According to CryptoRank, DeFi total value locked (TVL) has declined every month in 2026, falling from about $115 billion in January to around $70 billion currently.

This marks a 39% decline from the start of the year. So far this year, 121 DeFi hacks have been recorded, with total losses reaching about $942 million. In the second quarter alone, there were 85 incidents causing around $775 million in losses.

Among the top 10 chains by TVL, only Tron and Hyperliquid posted gains, rising about 5% and 6.7%, respectively.

CryptoRank said hacks were not the main cause of the TVL decline, but repeated incidents may have undermined user confidence and accelerated capital outflows.

A cryptocurrency tax legislation framework being advanced in the U.S. Senate may be unveiled this fall.

According to Odaily, Senator Steve Daines, a Republican involved in drafting the Senate’s tax proposal, said the crypto tax framework is essentially complete and could be released as early as this fall.

Daines said the framework has “more similarities than differences” compared with the version previously introduced by the House Ways and Means Committee. He added that he hopes the legislative review process will begin within this year, though no specific details were disclosed.

A U.S. House committee will hold a hearing on the crypto Clarity Act on July 17, according to Watcher.Guru.

The Clarity Act is a bill designed to clarify regulatory standards and oversight authority for digital asset markets. The industry views the hearing as an important step in gauging the direction of U.S. crypto regulation.

According to CoinDesk, Federal Reserve Chair Kevin Warsh is scheduled to deliver his first congressional testimony at 10 a.m. Eastern Time on July 14.

Traders are watching for possible signals regarding stablecoins, banks’ crypto custody activities, and interest rate policy.

The Federal Reserve’s stance on monetary policy and digital assets may affect liquidity in the crypto market and institutional participation.

The U.S. Department of Justice has seized a cloud computing account used by Cambodia’s Huione Group.

The account is accused of being used to transfer and conceal proceeds from cryptocurrency fraud worth tens of billions of dollars. According to Odaily, the action was part of “Operation Riptide.” The U.S. Financial Crimes Enforcement Network had previously designated Huione Group as a primary money laundering concern last year.

Authorities believe Huione affiliates were involved in moving illicit blockchain-related funds tied to investment fraud and cyber theft, and in channeling those funds into the legitimate financial system. Some of the theft activity was reportedly linked to North Korea.

According to Odaily, the Chicago Board Options Exchange (CBOE) is considering converting its Bitcoin and Ethereum continuous futures into perpetual futures.

Rob Hocking, CBOE Global’s head of derivatives, revealed the plan but did not provide a specific timeline for the transition.

Earlier, the U.S. Commodity Futures Trading Commission (CFTC) approved prediction market Kalshi’s crypto perpetual futures, a decision seen as opening a regulatory path for U.S.-registered exchanges to launch similar products.

Selling activity by early Bitcoin holders has fallen to its lowest level in about two years, according to Odaily.

Spent output data suggests that the profit-taking flows that weighed on the market in 2024 and 2025 are fading. On-chain data indicates that selling pressure from early holders and ETFs has eased, raising the possibility that Bitcoin may be forming a structural bottom.

According to Whale Alert, 2,867 BTC were transferred from Kraken to an unknown wallet.

The transfer was worth about $178.21 million. Large BTC transfers from exchanges to external wallets are typically interpreted as custody-related moves or as a sign of reduced near-term sell-side supply. However, the wallet owner and the purpose of the transfer have not been confirmed.