Bitcoin Near $64K as $326M Liquidates, T. Rowe Price Multi-Asset Crypto ETF Wins SEC Nod

Crypto News Crypto derivatives markets endured a fresh shakeout over the past 24 hours, with roughly $326.71 million in leveraged positions wiped out as Bitcoin changed hands near $64,400, up about 1.63 percent on the day. Long liquidations dwarfed shorts, signaling that traders chasing the recent bounce were forced out first. In one four-hour window, exchanges cleared about $13 million, with Binance alone accounting for 58.55 percent and longs making up more than 60 percent of that total. Smaller venues showed sharper skews — HTX, Hyperliquid and Lighter each posted long-liquidation shares above 85 percent, underscoring how quickly short-term upside bets unwound across the board. In Washington, regulatory momentum behind diversified crypto products continued. T. Rowe Price secured SEC approval on June 12 for an actively managed crypto exchange-traded fund cleared to list on NYSE Arca, though trading has not yet begun. The structure is designed to hold between five and fifteen assets, with early drafts naming Bitcoin, Ether, Solana and XRP alongside higher-volatility tokens such as Dogecoin and Shiba Inu. The approval follows multiple amendments filed since April and is viewed as widening the regulatory perimeter for multi-asset altcoin funds, a notable shift after years of single-asset spot products dominating issuer pipelines and shaping institutional access. On the security front, Zcash founder Zooko Wilcox disclosed that an AI model commissioned by Shielded Labs completed a review of the privacy coin’s codebase and found no significant new vulnerabilities. The result is being read as a meaningful safety signal rather than a guarantee, with developers stressing that automated analysis complements but does not replace human auditors. The episode highlights how AI-assisted code review is moving into core blockchain infrastructure checks, even as scrutiny over which code versions and configurations were tested remains essential. For a privacy asset facing simultaneous regulatory, listing and technical pressure, clean audit output carries added weight with cautious investors. A structural debate over decentralized finance’s next growth engine also sharpened. Analysts argue much of the sector’s expansion has rested on internal leverage rather than real economic activity — on-chain data attributed roughly 64 percent of volume on the $6 billion lending protocol Morpho to looping strategies, where borrowers repeatedly redeposit collateral to amplify exposure. The proposed remedy borrows from traditional finance: tokenized private credit. By fractionalizing institutional loans on-chain, platforms such as Maple Finance route yield from real interest payments rather than token incentives, opening a market once limited to qualified investors. Settlement still clears through decentralized exchanges and automated market makers. Nasdaq-listed ROMA Green Finance moved to capitalize on the AI buildout, establishing a dedicated investment vertical for artificial-intelligence and high-performance computing infrastructure. The Hong Kong-based firm said on June 12 it will target distributed compute assets under 50 megawatts paired with behind-the-meter power generation in low-cost-electricity jurisdictions, positioning the strategy against capital-heavy hyperscale data centers. ROMA framed the asset-light, partnership-led approach as ESG-defensive, citing reduced grid strain and insulation from energy-price volatility. The company cautioned that it remains at the evaluation stage, with no binding deals signed, and will disclose transactions only once material agreements clear due diligence and board approval, signaling intent rather than confirmed financial impact. Crossover interest between digital-asset markets and hard-asset technology also surfaced. Battery X Metals reported that its lithium-ion battery rebalancing system restored up to 84 kilometers of EV range per charge in controlled BYD-model trials, with Canadian National Research Council validation recovering roughly 99 percent of lost capacity on a 15-cell LiFePO4 module. The company raised about $600,000 at $2.75 per unit and is pursuing a further $2 million private placement, while a confidentially submitted amended F-1 registration with the SEC advances its US listing ambitions. International PCT patents filed in April aim to secure rights across more than 150 countries for its cell-level diagnostics and dynamic charge-reallocation technology. Taken together, these threads point to a market maturing along two axes at once: capital is migrating toward real-yield and infrastructure plays — tokenized private credit, AI compute, regulated multi-asset funds — even as speculative leverage gets repeatedly purged. COINOTAG’s aggregate data frames the caution: the Fear and Greed Index sits at 18, deep in extreme fear, Bitcoin dominance has climbed to 70.5 percent, and total crypto market capitalization stands near $1.83 trillion, reflecting defensive rotation into the majors. Spot Bitcoin ETFs logged a fifth straight week of net outflows, and unresolved Strait of Hormuz tensions continue to weigh on risk appetite, leaving structural progress and macro fragility uneasily balanced for now.