Trezor Executive: Bitcoin 'All-In on ETF' Pathway Is the Worst, Threatens Core Principle of Self-Custody
June 15 – A senior executive from hardware wallet manufacturer Trezor is cautioning that the crypto industry’s push to bring Bitcoin into exchange-traded funds (ETFs) could undermine the sector’s core principles over the long term.
During the BTC Prague event, the company’s Chief Business Officer Danny Sanders noted that while the global crypto user base stands at roughly 600 million, only about 10% of those users hold their assets via self-custody, with hardware wallet users totaling just 12 to 13 million.
Sanders highlighted the U.S. physically-backed Bitcoin ETF, which has attracted over $53 billion in cumulative inflows since its 2024 launch, as a sign of growing institutional allocation to Bitcoin. But he warned this trend might weaken users’ tendency to hold their own private keys directly.
Self-custody is a foundational feature of Bitcoin’s design, Sanders emphasized, though he acknowledged user experience and security gaps remain major barriers. Most people still prefe
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UBS: US-Iran Agreement Eases Fed Rate Hike Pressure, Next Move is Rate Cut in 2027
June 15 — Leslie Falconio, Head of Taxable Fixed Income Strategy at UBS Global Wealth Management, said that after the U.S. and Iran announced an agreement, oil prices tumbled sharply, which in turn has strengthened the U.S. Treasury market and lessened pressure on the Federal Reserve to raise interest rates this year.
Falconio noted, “Even before the ceasefire deal was reached, oil prices had already started to drop, but yields on the 2-year U.S. Treasury note kept going up because the market had built in an almost 100% chance of a December rate hike. Now that oil prices are falling, the market is slowly backing out of those rate hike expectations—and as a result, 2-year Treasury yields are starting to decline.”
This week brings Fed Chair Jerome Powell’s first interest rate decision meeting. Earlier, soaring oil prices had reignited inflation concerns, pushing more FOMC members to speak in favor of a rate hike this year. Falconio expects the FOMC to formally ditch its dovish stance a
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Thetanuts Finance, a decentralized finance (DeFi) protocol, has reportedly been attacked, resulting in a loss of approximately $2.1 million.
June 15 – PeckShield Alert, a blockchain security firm, has flagged an attack on Thetanuts Finance, with initial estimated losses totaling roughly $2.1 million.
Per reports, approximately $2 million worth of options tokens were recovered via a white-hat hacker intervention. The attacker swapped around $10,500 in USDC for about 60 ETH, while still holding roughly $34,000 worth of options tokens denominated in USDC. Full details of the incident remain under verification, and no official comprehensive postmortem report or vulnerability disclosure has been released to date.
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Bitcoin is approaching the $67,000 mark, with liquidity and short liquidation driving short-term volatility
June 15th. The U.S. and Iran have struck a ceasefire deal, sparking a broad rally across risk assets. Bitcoin kept climbing, briefly touching the $67,000 level, but the market is deeply split on where it’s headed next.
Market data shows Bitcoin extended its rally during Monday’s U.S. stock market open, notching roughly 1.5% on the day. Gains were fueled by the U.S.-Iran ceasefire progress and falling oil prices, which sent the S&P 500 and Nasdaq up 2% to 2.4% in lockstep.
Traders note the current market is being pushed more by "liquidity" than trend-following buying. A number of analysts think BTC could face short-term selling pressure around the $67,000 level—a zone seen as a key area of concentrated liquidity.
Order book data, meanwhile, signals market depth remains thin, leaving prices vulnerable to sharp jumps or drops within a narrow range. Derivatives liquidation data also points to a wave of concentrated short liquidations during the U.S. stock market open, amplifying p
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Gulf Countries Reassess Security Dependence as Regional Defense Landscape Shifts Post-US-Iran War
June 15: Following a landmark ceasefire agreement between the U.S. and Iran, tensions in the Middle East have entered a period of de-escalation. Yet Gulf countries are now rethinking their long-standing dependence on U.S. security commitments.
A report from The New York Times details that over nearly four months of regional conflict, Iran and its allies carried out attacks on multiple nations—including Bahrain, Qatar, and the UAE—targeting military facilities and energy infrastructure. These strikes briefly disrupted operations at the Strait of Hormuz, a key global shipping lane.
Though the fighting has subsided, analysts note two key U.S. missteps that’ve sparked fresh doubt among Gulf states about the reliability of America’s “security umbrella”: its performance defending against Iranian drone and missile attacks, and its inadequate response to the risk the Strait of Hormuz would be closed.
Sanam Vakil, head of the Middle East program at the Chatham House think tank, stated:
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