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BlockBeats News, June 18th - Crypto analyst Ali Charts posted an article stating that he is closely watching the $64,000 support level for Bitcoin. If BTC can hold above this support level, $69,000 will be the next upside target.

BlockBeats News, on June 18, Capital B announced that at the annual general and extraordinary shareholders' meeting held today, all resolutions were passed by a majority of over 95% of shareholders. At this shareholders' meeting, shareholders who were present, represented by proxy, authorized the chairman, or voted by communication held a total of 164,555,315 voting rights, accounting for 54.748% of all voting rights. Among these, the annual general meeting approved the separate and consolidated financial statements for the 2025 fiscal year. The extraordinary general meeting approved an authorization to increase capital up to a nominal amount of 5 billion euros; based on the current nominal value of 0.04 euros per share, this corresponds to up to 125 billion shares. At the same time, the shareholders' meeting also approved an authorization to issue credit instruments up to a nominal amount of 100 billion euros. Capital B stated that the above authorizations are consistent with its Bitcoin treasury company strategic plan, aiming to increase the fully diluted number of Bitcoins per share over time. Shareholders also approved changing the company name from "The Blockchain Group" to "Capital B", to align the legal entity name with the previously adopted commercial name.

Golden Ten Data reported on June 18 that on this day, the last working day before the Dragon Boat Festival, lithium carbonate prices plummeted. By the close of the day, the main contract for lithium carbonate futures (2609) had fallen by more than 6%, dropping to around 160 thousand yuan, a decrease of over 20% from the previous high. In the spot market, the latest data from Shanghai Steel Union shows that on June 18, the average market price of battery-grade lithium carbonate in early trading fell by 800 yuan compared to the previous working day, reaching 168.8 thousand yuan/ton. In addition to regular factors such as pre-holiday risk aversion demand, some unnamed analysts stated that recent rumors about the accelerated resumption progress of CATL’s Jianxiwo lithium mine in Yichun have led the market to generally expect a future supply rebound. That afternoon, it was learned from the Land Use Control Department of Jiangxi Provincial Department of Natural Resources that Yichun CATL New Energy Mining Co., Ltd. had obtained the “Preliminary Examination and Site Selection Opinion for Construction Land” for the Jianxiwo lithium mine project again on June 17, valid from June 17, 2026, to June 17, 2029.