In today’s crypto news (June 12), Bitcoin is consolidating between $62,200 and $63,200, up just +0.5% overnight. This move in BTC has traders hoping that a strong support level forms at $62,000 and could help Bitcoin sustain above $60,000. Liquidations have slowed significantly, with just $270 million over the past day, compared to more than $450 million yesterday and nearly $2 billion last week.
Among other large caps, SOL and XRP showed strength overnight, up +2.2% and +1.9%, respectively. Trading volume continues to decline, to $79 billion over the past 24 hours, compared to $81 billion today, indicating a decline in trader participation.
With BTC consolidating, Bitcoin ETF flows have seemingly slowed, going from $213 million in outflows on June 10 to just $22 million in product outflows yesterday. If outflows continue to slow, and perhaps even turn green, this could be the real catalyst for the crypto to move higher.
Although Bitcoin and the market as a whole have seemingly stabilized and ETF outflows have slowed significantly, the Fear & Greed Index is still at 12/100, or “Extreme Fear,” signaling that investors do not fully trust this positive price development.
Crypto News: SpaceX Futures Rise Ahead of IPO Launch
Crypto traders are already treating SpaceX as if it were a publicly traded asset, even before the company began trading on an exchange. Perpetual futures contracts tied to SpaceX have become one of the most active speculative trades in digital asset markets, drawing attention at a time when Bitcoin and Ether face regulatory pressure.
SpaceX shares are expected to begin trading on June 12, with an IPO price of $135 per share. The market capitalization is estimated between $1.75 and $1.77 trillion. Investor demand has now exceeded $250 billion for a total supply of $75 billion.
On crypto exchanges, SpaceX exposure is already traded through synthetic and perpetual futures products. Recently, SpaceX-related futures contracts generated over $525 million in trading volume in a 24-hour period, with some contracts trading at around $162, which is higher than the expected IPO price.
Binance processed approximately $287 million in SpaceX futures volume in a single day. Additionally, Hyperliquid has become an important platform for pre-IPO speculation, with open interest reaching over $115 million before listing.
Pre-market $SPCX on Hyperliquide: $180.
IPO price: $135.
This is already a premium even before stock opens.Here’s what’s actually happening:
Smart money covers positions and locks in profits at these levels.
Free money – created from nothing.Retail trade is piling up… pic.twitter.com/0telA1UbQr
– HENNY (@henny_fut) June 12, 2026
Japan’s crypto reform bill moves closer to final approval
In other crypto news, Japan is proposing a cryptocurrency reform bill that would classify major digital assets such as Bitcoin and Ethereum under a framework similar to securities.
This legislation aims to shift oversight from the Payment Services Act to the Financial Instruments and Foreign Exchange Act, thereby aligning cryptocurrency exchanges and issuers with traditional financial regulations.
Recently, the House of Representatives approved amendments to this law, which now await a final vote in the House of Councilors.
Key aspects of the bill include restrictions on insider trading in crypto transactions and increased penalties for selling unregistered digital assets, increasing prison sentences from three to ten years.
It also requires issuers to publish annual information and expands the authority of Japan’s Securities and Exchange Surveillance Commission to oversee misconduct.
BREAKING: Japan to regulate crypto-type stocks
The Lower House has just adopted the bill.
Crypto = financial instruments.
Lower taxes. Inbound crypto ETFs.
Live next year.
The 3rd largest economy in the world has just legitimized digital assets.
Japan is ahead. Again.
Source: Bloomberg pic.twitter.com/yg8O8vFSr3
—Kyle Chasse
(@Kylechasse) June 11, 2026There are no live updates available yet. Please come back soon!
The post Crypto News Today (June 12): BTC between $62,000 and $63,000, SpaceX futures rise ahead of IPO and Japan’s crypto reform bill moves closer appeared first on 99Bitcoins.
