[News Brief] Jun 27, morning | Continued Net Outflows from U.S. Bitcoin ETFs and Ethereum ETFs

Continued Net Outflows from U.S. Bitcoin ETFs and Ethereum ETFs

Capital outflows from U.S. Bitcoin ETFs and Ethereum ETFs are continuing.

According to Odaily, citing Lookonchain, U.S. Bitcoin ETFs recorded net outflows of more than 11,205 BTC on the day, bringing cumulative net outflows over the past seven days to 22,038 BTC.

Ethereum ETFs also saw net outflows of 46,391 ETH, with seven-day cumulative net outflows reaching 148,620 ETH. ETF fund flows are commonly used as a key gauge of institutional investor demand.

U.S. Central Command Strikes Iranian Facilities

U.S. Central Command said on June 26 that U.S. forces struck Iranian missile and drone storage facilities as well as coastal radar sites.

According to Odaily, the strike was carried out in response to the merchant vessel Ever Lovely being hit by an Iranian one-way attack drone while transiting the Strait of Hormuz on June 25.

U.S. Central Command said Iran’s attack on a commercial vessel violated the ceasefire agreement and undermined freedom of navigation. It added that U.S. forces will continue supporting the safe passage of merchant shipping through the strait and remain on alert to ensure compliance with the agreement.

Russia Moves to Ban Crypto Mining in Parts of Moscow and Other Regions

Russia’s Energy Ministry has drafted a government resolution to ban cryptocurrency mining in parts of Moscow, the Moscow region, and the Kursk region from July 1, 2026 through December 31, 2032, according to TASS.

The document states that the ban will apply to several municipalities and cities in the Kursk region. Earlier, the Russian government had already decided to impose long-term mining bans from 2025 in parts of the North Caucasus as well as in Donetsk, Luhansk, Zaporizhzhia, and Kherson.

It also strengthened seasonal electricity restrictions in the Republic of Buryatia and Zabaykalsky Krai into long-term restrictions. The measure is seen as part of a broader trend of expanding mining regulations in regions facing heavy pressure on power supply.

CFTC Conducting Investigation Into Polymarket

The U.S. Commodity Futures Trading Commission (CFTC) is conducting an investigation into prediction market platform Polymarket, according to Odaily.

Polymarket is facing allegations that it misled users through paid social media promotions and marketed its services to college students. While a consumer protection lawsuit is underway in the Washington Court of Appeals, Polymarket said it is comprehensively reviewing all promotional content to ensure accurate, fair, and transparent market operations.

Earlier, more than 12 U.S. states took legal action against Polymarket and Kalshi over allegations of operating illegal sports betting services. The CFTC has filed countersuits against some states, asserting exclusive jurisdiction over the matter.

Strategy’s mNAV Falls to 0.99

Strategy’s mNAV has fallen to 0.99, indicating that the company’s enterprise value has dropped below the market value of its Bitcoin holdings.

According to Wu Blockchain, as of the June 26 U.S. market close, Strategy’s floating-rate perpetual preferred stock STRC fell 1.48% to $74.57, trading at roughly a 25% discount to its $100 liquidation preference. MSTR declined 3.54% to $82.31.

The mNAV displayed on Strategy’s website stood at 0.99, meaning the company’s enterprise value was lower than the market value of the Bitcoin it holds.

This is well below the roughly 1.22x threshold that management had previously cited as the minimum level at which issuing additional MSTR shares to buy more Bitcoin would not dilute per-share value.

Management had previously said that if the metric falls below that threshold, alternatives such as selling some Bitcoin, increasing cash holdings, or repurchasing MSTR shares could be more beneficial to shareholder value than issuing additional common stock to acquire more BTC.

3,968 BTC Transferred From Coinbase Institutional to Unidentified New Wallet

According to Whale Alert, 3,968 BTC was transferred from Coinbase Institutional to an unidentified new wallet. The transfer was worth approximately $239.29 million.

Large transfers from exchange-linked wallets to external wallets are sometimes interpreted as a sign of reduced selling pressure, but because the receiving wallet has not been identified, the transaction may simply reflect a custodial transfer.

Grayscale HYPE Spot ETF Stakes 1.77 Million HYPE

Grayscale’s HYPE spot ETF (HYPG) has staked 1.77 million HYPE, with the tokens valued at about $114 million.

According to PANews, on-chain analyst Yujin said the Grayscale HYPE spot ETF deposited the amount into staking about five hours earlier. Staking involves committing tokens to network validation or related activities in return for rewards.

Base Mainnet Suffers Second Block Production Incident in Two Days

Base mainnet experienced its second block production incident in two days, though the network has now recovered.

According to Odaily, Base’s official status page said the disruption began at 15:33 UTC, and after the team identified the issue, block production resumed at 16:11 UTC.

Base explained that node operators may need to restart their mainnet nodes to complete synchronization again.

The previous day, Base also suffered a disruption in which the sequencer was unable to continue producing new blocks due to an abnormal block, causing the network to halt for about two hours. While no user funds were affected at the time, withdrawal services were temporarily suspended.

Base said the latest issue also appeared in the form of a chain halt and showed characteristics similar to the previous day’s incident.

EU Issues About 230 Licenses Under MiCA

According to Wu Blockchain, the EU has so far issued about 230 licenses under its Markets in Crypto-Assets (MiCA) regulatory framework.

By country, Germany issued the most with 56, followed by the Netherlands with 26 and France with 21.

In France, about 40% of registered crypto-asset service providers have not applied for a MiCA license, and some firms are reported to have withdrawn applications, sought partners, or moved toward closure.

Industry participants say MiCA has improved market resilience but also increased the burden on small and mid-sized crypto companies, reducing market diversity.

Securitize Expected to Raise About $400 Million Through SPAC Merger

According to Wu Blockchain, real-world asset tokenization firm Securitize is expected to raise about $400 million in gross proceeds through its SPAC merger with Cantor Equity Partners II.

The transaction outcome reflects that fewer than 30% of SPAC shareholders chose to redeem their shares. If shareholder approval is obtained on June 29, the deal will close on July 1, and the merged entity is expected to begin trading on the New York Stock Exchange on July 2 under the ticker SECZ.

Securitize currently tokenizes more than $4 billion worth of real-world assets.