Bitcoin Holds $64K as ETFs Draw $86M, Brazil Sets 10-Year Crypto Fraud Penalties

Crypto News A fresh threat of a 12.5% tariff is clouding trade negotiations between the United States and India, just as President Donald Trump prepares to meet Prime Minister Narendra Modi on the sidelines of the G7 summit in France. The gathering, scheduled for June 15 to 17 in Évian-les-Bains, will let both leaders assess the state of talks, though Washington does not expect a deal to be signed there. The US Trade Representative is set to travel to India for a further round afterward. India's commerce minister has signaled the first phase of the bilateral agreement could conclude by mid-July, leaving only a narrow window to resolve outstanding disputes. A survey of 51,993 Americans found that job loss now tops public anxieties about artificial intelligence, cited by 64% of respondents, while curing diseases such as cancer leads their hopes. Concern ranged from 71% in Iowa to 57% in Mississippi and crossed party lines. The fear is not hypothetical: AI was linked to 38,579 US job cuts in May, roughly 40% of the month's total, with 2026 AI-related reductions already near 87,714 — surpassing the 54,836 attributed to the technology across all of 2025. Just 15% of respondents said they trust AI firms to steer the technology responsibly, the lowest figure for any institution tested. Brazil is moving to fold digital assets into its anti-fraud enforcement toolkit. A key committee in the Chamber of Deputies approved a bill that would let judges freeze suspects' crypto wallets and impose prison terms of up to ten years for electronic fraud. Penalties for scams carried out via social media, phone, or email would rise from the current four-to-eight years to six-to-ten years, alongside fines. Courts would also gain power to block property access and restrict suspects' use of digital payment systems. The measure follows enforcement actions such as a 2025 operation that targeted a roughly $540 million laundering network and led to multiple arrests. China has warned of retaliation after the Pentagon added major firms — including Alibaba, Baidu, BYD, and NIO — to its Section 1260H list of companies it deems linked to the Chinese military. Solar manufacturers Trina Solar and JA Solar were also named. Beijing's Commerce Ministry called the move an overreach on national-security grounds and demanded the designations be withdrawn, cautioning that it would otherwise take firm countermeasures. Alibaba said there is no basis for its inclusion. While the 1260H list does not by itself bar exports, the dispute underscores deepening US-China decoupling across sensitive technology, data, energy, and manufacturing sectors. Privacy-focused Monero is drawing renewed attention from traders weighing its long-term trajectory. The asset recently changed hands near $346, down about 4.6% on the day and well below its $798.91 all-time high set in January. Longer-range forecasts circulating in the market point to XMR reaching roughly $682 by the end of 2026, a potential peak near $840 by 2029, and as high as $1,449 by 2032. With a market capitalization of about $6.49 billion and 18.44 million coins in circulation, the privacy coin continues to find technical support around the $330 level amid a broadly cautious tape. Spot Bitcoin exchange-traded funds pulled in $85.85 million in net inflows on June 12, their strongest single day in roughly four weeks, ending a five-session stretch that had drained nearly $727 million. Cumulative net inflows now stand at about $53.62 billion, with total net assets near $79.65 billion. Geopolitics had driven the prior selling, pushing Bitcoin toward $59,000 amid Middle East tensions before sentiment turned when Trump signaled he had called off planned strikes on Iran. The largest cryptocurrency has since reclaimed higher ground, trading near $64,000 as diplomatic momentum builds toward a regional de-escalation. Taken together, these threads trace a single arc: capital is navigating a market squeezed between geopolitical risk and tightening regulation. COINOTAG's aggregate data frames the caution — the Fear & Greed Index sits at 13, deep in Extreme Fear, while Bitcoin dominance has climbed to 70.4% and total crypto market capitalization holds near $1.84 trillion, signaling a flight toward the largest asset. The renewed ETF inflows, verifiable through fund-flow and on-chain data, suggest institutional buyers are leaning into weakness even as Brazil hardens fraud penalties and Washington tightens its grip on Chinese tech. For now, conviction is concentrated, not broad.