A crypto whale has opened a 40x short position on Bitcoin and a 10x short position on SPCX, with a total position value of $73.76 million.

Over the past 24 hours, the crypto derivatives market has seen massive liquidations, with total liquidation volume hitting around $1 billion, and Ethereum’s liquidations exceeding Bitcoin’s. Meanwhile, Bitcoin’s futures open interest rose for the second consecutive day to 778,000 BTC; the sharp increase in open interest late Thursday indicates Bitcoin traders are adding short positions amid the downtrend. In contrast, Ethereum’s futures open interest has stabilized around 14 million ETH since June 15, with Ethereum traders not actively adding short positions during the decline. The open-interest-adjusted 24-hour cumulative trading volume differential shows that short positions continue to dominate among the top 25 crypto tokens, with only BNB, SOL, and TON as exceptions. Meanwhile, Bitcoin’s 30-day annualized implied volatility index jumped to 53%, its highest level since June 7; Ethereum’s volatility index rose to 66%. In the crypto options market, Bitcoin option skew neared 30% last week, with a notable put premium; large trades have seen put options with a $53,000 strike price expiring on July 10, reflecting strong demand for downside hedging.

According to Fortune, crypto venture capital firm Framework Ventures has closed its fourth fundraise, raising $400 million. Investors include Ivy League endowments, sovereign wealth funds, and nonprofits, though specific backer names were not disclosed. Framework co-founders Vance Spencer and Michael Anderson said the new fund will target "cutting-edge technologies" spanning not only crypto but also AI, robotics, energy and other sectors. Roughly half of the fourth fund has already been deployed to date. Founded in 2019, Framework Ventures initially focused on DeFi investments, having participated in early rounds of leading protocols such as Aave and Chainlink. Prior to this, the firm closed its $100 million second fund in 2021 and $400 million third fund in 2022.

According to Fortune, crypto venture capital firm Framework Ventures has announced the final close of its fourth fund, raising $400 million. Limited partners include Ivy League endowments, sovereign wealth funds, and non-profit organizations, though specific names have not been disclosed. Framework co-founders Vance Spencer and Michael Anderson said the new fund will invest in "cutting-edge technologies" spanning not only crypto but also AI, robotics, energy, and other sectors. Roughly half of the fourth fund has already been deployed. Founded in 2019, Framework Ventures initially focused on DeFi investments, backing early rounds of leading protocols such as Aave and Chainlink. Previously, the firm closed its $100 million second fund in 2021 and $400 million third fund in 2022.

According to monitoring by Onchain Lens, an address linked to BlackRock’s ETFs has deposited 2,700 BTC (valued at approximately $161 million) and 41,996 ETH (worth around $65.16 million) into Coinbase, with more assets likely to be deposited.

Reuters survey: The median forecast shows the Federal Reserve will keep the federal funds rate in the 3.50% to 3.75% range through the end of 2027, compared to a projection of one interest rate cut in the June survey.

Base has postponed its Beryl mainnet upgrade to June 26 at 18:00 UTC to ensure the full activation of the B20 Activation Registry. Developers must wait until the registry goes live to deploy B20 tokens, with an estimated maximum wait time of roughly one hour. Base noted that the earlier approximately two-hour mainnet block outage is unrelated to this upgrade. Beryl will also cut Base’s withdrawal waiting period to Ethereum from seven days to five days, and integrate Reth V2. Earlier, Coinbase’s Layer 2 network Base officially announced it would soon launch a major upgrade, Beryl, whose core highlight is the introduction of Base’s native token standard B20, designed to provide more robust infrastructure support for on-chain asset tokenization.