[News Brief] Jun 16, morning | Bitcoin Surges 4.66% in 24 Hours, Breaks Above $67,000

Bitcoin broke above $67,000, rising 4.66% over the past 24 hours.

PANews, citing OKX market data, reported that Bitcoin (BTC) was trading at $67,008.90.

U.S. spot Bitcoin ETFs saw net outflows of $64.09 million on June 15 (local time), according to Wu Blockchain citing SoSoValue.

On the same day, U.S. spot Ethereum ETFs recorded net inflows of $22.5 million. Spot ETF fund flows are widely used as a key indicator of institutional demand and market sentiment.

Source: Wu Blockchain

The U.S. Government Accountability Office urged the Federal Deposit Insurance Corporation to strengthen coordination on crypto oversight.

According to Odaily, in a letter sent on June 8 to FDIC Chair Travis Hill, the GAO said blockchain-related financial products and services have increased significantly and that blockchain technology has been included on its high-risk list.

The GAO recommended establishing a coordination framework so that the FDIC and other regulators can jointly identify related risks and swiftly implement necessary supervisory responses.

It also explained that under the GENIUS Act passed last year, the FDIC is the primary regulator supervising bank-affiliated stablecoin issuers.

The GAO further proposed rotating case managers assigned to individual banks in order to reduce concerns about impaired supervisory independence.

The recommendation follows controversy over whether regulators responded adequately after the collapse of three banks tied to the crypto industry in 2023.

The U.S. Congress is moving to establish a dedicated crypto theft task force within the Department of Justice.

The bill is designed to strengthen coordination in investigating and prosecuting crypto asset theft, hacks, and fraud.

According to Odaily, legislation introduced by Representatives Lance Gooden and Josh Gottheimer would create a federal crypto theft task force within the DOJ, responsible for evidence collection, digital evidence analysis, asset tracing, and procedures for victim support.

Previously, the DOJ dissolved its National Cryptocurrency Enforcement Team in April 2025 and ended its enforcement-focused strategy toward the broader crypto industry. The new bill explicitly states that it would not alter existing regulatory frameworks or criminal law, and that crypto markets, financial institutions, and financial products would be excluded from the task force’s supervisory scope.

According to an FBI report, crypto-related complaints reached 181,565 in 2025, with reported losses exceeding $11 billion. However, the bill does not include detailed provisions on budget, staffing, or victim response systems.

USDC payment card project Ready Card announced that it will suspend card services outside the European Economic Area (EEA) due to a change in its card issuance service provider.

According to Wu Blockchain, Ready Card notified users that their cards would be deactivated within one hour. The measure mainly affects cards used outside the EEA and is tied to a provider transition.

Ready Card stated that user accounts and assets remain safe and that only card services are affected. The project is known for USDC payments, on-chain yield products, smart contract wallets, and its involvement in the Starknet ecosystem.

PANews reported, citing Whale Alert monitoring, that the USDC Treasury minted an additional 250 million USDC on the Solana blockchain.

The minting was confirmed at 9:29 a.m. Beijing time on June 16.

USDC is a dollar-pegged stablecoin, and Solana is one of the major blockchains where USDC circulates.

According to Odaily, Onchain Lens said that a newly created wallet withdrew 573,000 HYPE from Coinbase.

The value of the withdrawn tokens was about $39.88 million. Exchange withdrawals are generally interpreted as custody transfers or potential long-term holdings, though the actual intent has not been confirmed.

According to Odaily, Lookonchain said that Bitwise purchased 77,097 HYPE through FalconX.

The purchase was worth $5.18 million. FalconX is a firm that provides digital asset trading services for institutional clients.

According to PANews, French Bitcoin asset manager Capital B is preparing to launch a Bitcoin credit product targeting the European market.

Capital B board member Alexandre Laizet said the product will have a structure similar to Strategy’s STRC and Strive’s SATA, using the company’s 3,139 BTC holdings as collateral while targeting double-digit yields and single-digit volatility.

Capital B, a Euronext-listed company, is the largest corporate Bitcoin holder in Europe. It has previously stated goals of holding 15,000 BTC by the end of 2027 and eventually securing 1% of the total Bitcoin supply by 2033.

According to Whale Alert, 780 BTC was transferred from Coinbase Institutional to an unidentified wallet.

The transfer was worth about $51,598,784. Transfers from exchanges to external wallets may reflect custody-related movements and should not automatically be interpreted as a buy or sell signal.