Bernstein reiterated a hold rating on Alphabet’s Google stock and set a $390 price target. According to NS3.AI, GOOG opened Monday’s trading session at the $358 level.

Aster announced it now supports bStocks on BNB Chain as collateral for perpetual futures trading, allowing users to keep holding tokenized stock assets while using them as margin for trading. According to Odaily, the mechanism is described as enabling a single position to serve two purposes. Aster said the currently supported tokenized stocks include TSLAB, NVDAB, CRCLB, and SNDKB. The company said it is among the first DeFi protocols in the BNB Chain ecosystem to support bStocks as collateral for perpetual futures trading, expanding use cases for tokenized stocks in on-chain finance. An analysis cited in the report said the design strengthens the integration trend between real-world asset tokenization and derivatives markets, making it possible for on-chain assets to participate in leveraged trading without giving up holding exposure.

Ventuals said it will gradually shut down its operations and merge into the Hyperliquid ecosystem team, ending its around-the-clock private market experiment. According to Odaily, the platform focused on trading shares of pre-IPO private technology companies, raising more than 500,000 HYPE and recording about $650 million in total trading volume. Ventuals said its existing HIP-3 markets are entering settlement. The pre-IPO markets for OpenAI and Anthropic will be settled using a 24-hour volume-weighted average price, at $1,341.80 and $1,618.90, respectively. It added that markets tied to MAG7, semiconductors, energy, and other commodities and index products will be halted in batches starting June 18, with open positions to be automatically closed. Ventuals said vHYPE holders can redeem staked assets at a 1:1 ratio and receive corresponding returns. Withdrawal services will open in batches starting June 19, with processing times ranging from 7 to 72 hours. The project said it has ended its points and promotional programs and will not issue a token. It also instructed all users to complete fund withdrawals and wallet export procedures by September 15.

The U.S. military said its blockade measures against an Iranian port remain in effect ahead of an agreement scheduled for June 19. According to Odaily, a U.S. military statement said vessels affected by the blockade should not attempt to pass through the blockade area until they receive “clear instructions.”

Arbitrum has outlined a product roadmap focused on building a programmable economy, including dynamic pricing, compliance tools, privacy architecture, and zero-knowledge proofs, along with plans for a Universal Intents standard for cross-network transfers. According to Foresight News, the update was published on the Arbitrum blog. Arbitrum said Dynamic Pricing has launched on Arbitrum One, charging based on actual resource consumption to reduce cost volatility. It added that mainnet throughput has reached 910 MGas/s. The project said compliance tools are being developed on dedicated chains and will support KYC/AML/OFAC screening, whitelist management, and real-time compliance reporting. Arbitrum also said it is developing a privacy architecture that ranges from application-layer privacy to full-stack private dedicated chains. In addition, it said it is developing ZK proofs based on Succinct SP1, aiming to reduce cross-chain settlement time from several days to several minutes. Arbitrum said it also plans to introduce a Universal Intents standard to support transfers across networks including Ethereum, L2s, Solana, and Hyperledger. It noted that any of these features involving Arbitrum One would require approval through a DAO vote.

SpaceX’s underwriters have formally exercised the over-allotment option in the company’s initial public offering, increasing total proceeds to $85.7 billion. According to Jin10, the Elon Musk-owned aerospace and artificial intelligence company completed an initial $75.0 billion fundraising last Thursday. The over-allotment option, commonly known as a “greenshoe,” was described as larger than nearly all recorded over-allotment arrangements in technology company IPOs. Underwriters typically choose to exercise the option when a stock price rises.

Bitcoin traders typically obsess over Federal Reserve meetings. This week, the central bank decision that matters most for crypto might not be Wednesday's FOMC meeting — it might be Tuesday's Bank of Japan decision, and the reason is a yen short position buildup that has reached levels not seen since November 2017. What's expected: a hike to 1%, the highest since 1995 The Bank of Japan is widely expected to raise its benchmark interest rate to 1% from 0.75% on Tuesday — bringing Japanese rates to their highest level since 1995. On its face, this sounds like a routine, geographically distant policy decision with limited relevance to crypto markets trading in the shadow of a confirmed US-Iran peace deal and an imminent FOMC meeting. It is not a non-event, and the reason is positioning. The yen short buildup: highest since November 2017 Leveraged funds increased speculative short positioning in the yen to over 115,000 contracts in the week ended June 9 — the highest level since November 2017, according to Commodity Futures Trading Commission data. These positions represent bets that the yen will continue weakening, and the sheer scale of the buildup creates a structural vulnerability: if the BOJ hikes and signals further tightening, those shorts could be forced to unwind rapidly, driving a sharp yen rally. A sharp yen rally would directly threaten yen-funded carry trades — the strategy in which investors borrow cheaply in yen to invest in higher-yielding, risk-on assets globally. These carry trades have helped fuel bull markets across US equities and global government bonds for years, and some analysts believe they have also provided meaningful support to crypto markets specifically. The July 2024 precedent: Bitcoin fell from $65,000 to $50,000 in a week The current setup bears a striking resemblance to the conditions immediately preceding the BOJ's late July 2024 rate hike, when yen short positions were similarly at record highs. After that hike, the rapid unwinding of yen shorts drove a sharp yen rally that sparked volatility across Wall Street, Japan's Nikkei, and crypto simultaneously. Bitcoin plunged from approximately $65,000 to $50,000 within a single week of the July 31, 2024 decision — a 23% decline triggered not by any crypto-specific news, but by a carry trade unwind originating in Tokyo. Bitcoin is currently trading at $66,329 — almost exactly the level from which the July 2024 crash began. The three scenarios for Tuesday If the BOJ hikes as expected and Governor Kazuo Ueda maintains a cautious tone regarding the pace of future tightening, markets may largely shrug off the decision and remain relatively steady — the hike itself is already priced in, and a cautious accompanying message would limit the yen short unwind to an orderly pace. If Ueda signals a faster pace of tightening ahead, or surprises with language suggesting rates could rise meaningfully beyond 1.0%, the yen could strengthen sharply and rapidly — triggering the kind of disorderly carry trade unwind that produced 2024's crash. Crypto, historically among the most liquidity-sensitive asset classes, would likely be among the hardest-hit markets in that scenario. Why this matters more given this week's other catalysts Tuesday's BOJ decision arrives at a moment when Bitcoin has just posted a roughly 3.5% rally on the confirmed US-Iran peace deal, with markets having pushed Fed rate hike expectations to January 2027 following oil's drop to $80. A disorderly yen carry trade unwind on Tuesday would represent a completely independent shock — unrelated to the Iran deal, unrelated to the Fed — landing in the same 48-hour window as Wednesday's FOMC decision under new Chairman Warsh. The interaction effects compound the uncertainty. Lower oil prices globally reduce inflation pressure everywhere, including in Japan — which could argue for the BOJ being less aggressive than feared. But Japan's 30-year government bond yields have already been at record highs, reflecting domestic pressures somewhat independent of the global oil picture, meaning the BOJ may proceed with tightening regardless of the improved global backdrop. Given that Monday's rally to $66,000 was already characterized by Laevitas as a short squeeze driven by thin weekend liquidity rather than fresh buying, and given that Bitcoin's technical picture shows a weak RSI of 37 within a broader downtrend, the market has limited cushion to absorb an additional shock. A repeat of July 2024's carry-trade-driven crash — even at reduced scale — would be particularly damaging arriving just two days after Bitcoin finally showed its first weekly close above $66,000 in over a month, and just days before the critical June 19 Geneva signing that markets are using as their actual confirmation point for the Iran deal. Tuesday's BOJ decision deserves the same attention crypto traders typically reserve for Fed meetings — possibly more, given how directly the July 2024 precedent maps onto today's positioning data.

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