Three JPMorgan executives met with the SEC’s Crypto Task Force to discuss which capital markets instruments could move onchain and how to best navigate the change.

JPMorgan, SEC meet to discuss capital markets moving onchain

Amid the tension in the Iran-Israel conflict, the cryptocurrency market 
experienced another daily pullback. Bitcoin (BTC), which had just recovered 
from Friday’s drop, erased its recent gains and recorded a 4.5% dip to the 
$103,000 mark in the past 24 hours. However, some analysts believe that the 
flagship crypto is preparing for a big move in the coming weeks. Related 
Reading: Ethereum Eyes Big Move As Price Compresses Between Key Levels – 
$2,100 Or $4,000 Next? Bitcoin Could See Massive Move Soon On Monday, Bitcoin 
attempted to break its post-November range high but failed to hold the 
$108,000-$109,000 area as support for the fourth time in a month, falling back 
into its larger range. Market watcher Daan Crypto Trades noted that this 
resistance level remains a key area to watch, adding that “without a clean 
break above, it&#8217;s not the time to get excited just yet.” Nonetheless, the 
trader considers that the BTC is “setting up for a large move” as the 
cryptocurrency continues to hold its monthly range between $100,000 and 
$110,000. He asserted that this range will break &#8220;at some point in June,” as 
well as the current weekly high and low, which have “a very low probability of 
being held” in the coming days. Daan added that a break from these levels is 
highly possible in the next 1-2 weeks, likely leading to a big move in the 
direction of the break. Analyst Sjuul from AltCryptoGems highlighted the 
crypto market’s performance and investors’ concerns amid the war-related 
headlines, noting that Bitcoin reacted in a similar pattern during past 
geopolitical and crypto-related events. According to the analyst, global 
events’ uncertainty has led to mass liquidation and on-chain panic multiple 
times since 2020, leading to 30%-50% crashes. However, the market has 
recovered from these events after significant accumulation. Here’s the 
pattern: Big event (Black Swan). Panic headlines. Sharp BTC dump. Retail Panic 
sells. Smart money buys. Time passes. Bitcoin hits new highs. Based on this, 
Sjuul forecasted a strong Bitcoin pump and a new all-time high (ATH) once the 
current war tensions are over. BTC Holds Key Support Amid Pullback Meanwhile, 
analyst Rekt Capital emphasized that Bitcoin has been retesting its old range 
high as support for the past six weeks and showing stability around the 
$104,400 level during this period. According to the analyst, as long as BTC’s 
price Weekly Closes above this level, the candle wicks below it are “just 
noise” and it is positioned to transition into its Second Price Discovery 
Uptrend. He also pointed out that the cryptocurrency has only seen a less than 
10% dip during the recent pullbacks. Moreover, these drop depths have also 
been diminishing, with the first rejection producing a 7.72% drop and the 
second dip being 5.79% deep, while the current rejection has seen a 4.5% 
retrace so far. Rekt Capital considers the strongest support to be between the 
$102,000-$104,000 area, and the final level to break is the range high 
resistance of $108,890. Related Reading: XRP Must Complete Right Shoulder 
Before Takeoff—But How Low First? &#8220;As long as this resistance isn&#8217;t rejecting 
price too much, then maybe it&#8217;s getting weaker over time,” he affirmed, 
concluding that a weekly close above this level would be “a very strong sign 
for a reclaim of this resistance into new support to springboard price 
higher.” As of this writing, Bitcoin is trading at $105,085, a 1.1% jump in 
the past hour. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin Setting Up For ‘Large Move’ Amid $103,000 Retest – Key Levels To Watch

Ondo Finance is bringing together key players in crypto to create a shared 
framework for tokenized securities, aiming to make real-world assets more 
accessible and interoperable across platforms. On June 17, Ondo Finance (ONDO) 
announced the formation of the Global…

Ondo Finance forms Global Markets Alliance to establish tokenized securities standards

Bybit has launched Bybit TradFi, becoming the first major crypto exchange to 
offer access to traditional assets, including stocks, forex, and gold, within 
its platform, marking a new chapter in unified digital and traditional 
trading. TradFi App to Bridge Crypto and Traditional Markets for Bybit Users 
Bybit has unveiled Bybit TradFi, a major product expansion […]

Bybit Launches TradFi Integration, Offering Gold, Forex, Stocks, and Crypto in One App

Liquidity staking protocol Meta Pool has suffered a contract exploit that led 
to unauthorized token minting and losses of over $133,000. Meta Pool was able 
to contain the incident before further damage was done, according to a June 17 
blog…

Meta Pool exploited for $133k after attacker mints $27m worth of tokens

AgriFORCE says it launched a site that uses stranded gas to power 120 Bitcoin 
mining rigs and will expand to two additional sites in Canada.