Crypto News June 12, 2026: Bitcoin and Crypto News — Daily Highlights
[LIVE] June 12, 2026: Bitcoin and Crypto News — Daily Highlights
📌 Daily Summary
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The appeal by FTX founder Sam Bankman-Fried in his ongoing fraud case has been rejected, marking another critical setback for the beleaguered crypto leader. In a significant development for the cryptocurrency landscape, a $390 million network was shut down in a coordinated international operation, highlighting the tightening regulatory environment. Meanwhile, Bitwise's Research Head predicts further declines in Bitcoin's value, with anticipated price levels sparking concern among investors. In positive news, a prominent Layer-1 blockchain network has announced the successful burning of thousands of tokens, aimed at enhancing its ecosystem's value. Additionally, Binance has confirmed its support for an altcoin’s upcoming name change, reflecting ongoing market adjustments. Lastly, Michael Saylor has indicated that his company remains open to selling Bitcoin if necessary, underscoring the volatile nature of cryptocurrency investments.