Crypto News Today (June 11): BTC Shoots Back Above $62K, Kalshi Adds XRP Futures and Tom Lee Takes 3 Day ETH Buying Spree to $206M

In today’s crypto news (June 10), Bitcoin surged +2% overnight, beginning this morning’s European session at $62,600. This bullish move for BTC caught many traders off guard, with $70M of the $120M in Bitcoin liquidations over the past 24 hours being from short positions.

Of the other major caps, XMR and RAIN are two of the top performers in the past 24 hours, up +8.8% and -5%, respectively. However, trading volume is down from $85Bn yesterday to $81Bn today, indicating declining participation among traders.

Although BTC USD made a positive move overnight, Bitcoin ETF flows continue to lean bearish, hitting -$213M yesterday, the largest outflow since June 5, when more than $325M exited the various funds. BlackRock continues to be the biggest seller of BTC via ETFs.

The slight uptick across the market is evidenced in the Fear & Greed Index climbing from 9/100 yesterday to 12/100, not a huge gain but a positive move nonetheless. However, such a small move could suggest traders are not fully trusting it and expect yet another pullback.

Crypto News Today: Kalshi Adds XRP Futures to its Regulated Perp Markets

Kalshi is deepening its focus on crypto derivatives by introducing XRP perpetual futures, adding another significant token to a product category long dominated by offshore exchanges.

This rollout features a limited-time zero-fee offer for users who join a waitlist, further advancing the CFTC-regulated prediction market beyond its original event-contract business.

The company previously stated that the launch of perpetual futures represents its largest product expansion since the introduction of event contracts. This means U.S. investors can now trade crypto perpetuals on a regulated platform.

Unlike traditional futures, perpetual contracts do not have an expiration date and use periodic funding payments to keep prices aligned with the underlying spot market.

Prior to introducing XRP, Kalshi had already ventured into this space with Bitcoin and Ethereum perpetuals. The XRP contracts are now live on Kalshi, and there are zero trading fees available for a limited time.

XRP Perpetuals are now live for trading.

American Perpetuals.

Only on Kalshi. pic.twitter.com/inknHhAhUU

— Kalshi Crypto (@Kalshi_Crypto) June 9, 2026

Tom Lee’s Bitmine Continues to Buy Discounted ETH

In other crypto news today, Tom Lee and Bitmine clearly haven’t been put off by the firm closing in on $10Bn in unrealized losses from its Ethereum accumulation strategy over the past year or so, as they’ve been on a 3-day spending spree totaling $206M in buys, including a $41M purchase just today.

Lee has been pushing Bitmine’s goal of holding 5% of the ETH supply since beginning this treasury strategy pivot, and the latest buys take them to 4.594%, less than 0.5% away from achieving that dream.

Another element of the Bitmine strategy is the extra yield the firm earns from staking its ETH, with Lee staking between 85-90% of their 5.5M Ethereum stash, earning 2-3% APY for its efforts.

Tom Lee's Bitmine Buys Another $41 Million in Ethereum

Tom Lee (@fundstrat)-backed Bitmine (@BitMNR) has purchased another 25,000 $ETH worth about $41 million, according to onchain data, shared by lookonchain.

The latest acquisition brings total purchases to 125,000 ETH over… pic.twitter.com/Aj36jPOU1S

— BSCN (@BSCNews) June 11, 2026

Biggest Gainers and Losers: Humanity Protocol Surges Following $32M Exploit Drama

Today’s cryptocurrency leaderboard was shaped by a few significant price movements. On the gainers’ side, StablR USD (USDR) led the market with an impressive +394.7% surge. However, the trading volume was relatively low at just over $101,000, indicating a potentially illiquid move.

Following closely behind, DeepNode (DN) saw a substantial +234.6% increase, supported by a healthier trading volume of $12.2M, signifying stronger market participation. Velvet (VELVET) gained +124.3%, backed by an impressive $70M in trades, making it one of the day’s notable breakouts.

On the downside, PlaysOut (PLAY) experienced the largest drop, falling -40.1% despite nearly $30M in volume. Capybobo (PYBOBO) lost -24.3%, while MimbleWimbleCoin (MWC) declined by -23.1%, reflecting a general weakness among smaller-cap assets. Overall, today’s trading activity highlighted a strong rotation into select speculative tokens, while many mid-tier projects faced heavy profit-taking.