Today's Key News Highlights:
Nobel laureate and AlphaFold contributor John Jumper leaves Google DeepMind to join Anthropic
Sonic adjusts leadership and board; Matt Visser to become CEO
Charles Schwab to enter S&P 500 prediction market
Axelar Network hacked, approximately $4.67 million in tokens stolen
Regulation & Macro
The EU will implement revised anti-money laundering regulations starting July 10, 2027, requiring crypto-asset service providers to enforce stricter KYC for transactions exceeding €1,000, fully banning anonymous accounts and privacy coin-related services, and setting a €10,000 cap on commercial cash payments, with customer identity verification required for cash transactions above €3,000.
US official: Israel and Hezbollah have agreed to a ceasefire at 9 PM tonight
A senior US official stated that Israel and Lebanon's Hezbollah have agreed to a ceasefire at 4 PM local time on Friday (9 PM Beijing time).
Japan's Financial Services Agency issued a partial business suspension order to Futu's moomoo Securities, suspending new customer account solicitation and acceptance from June 19 to September 18, along with a business improvement order. The FSA pointed out that moomoo Securities falsely claimed some products were NISA-eligible, suspected violations of the Financial Instruments and Exchange Act, and had long failed to adequately verify suspicious transactions, with multiple deficiencies in internal controls.
Oman requires licensed Bitcoin miners to connect to national mining pool
Oman has launched a national crypto mining pool, requiring all licensed cryptocurrency miners in the country to connect. The project is led by the Ministry of Transport, Communications and Information Technology, in partnership with Frontier Technologies, with Enegix Global providing the technology platform. The pool's first phase targets integrating approximately 10 EH/s of hashrate. Since 2022, Oman's mining and data center infrastructure investments in the Salalah Free Zone have exceeded $700 million.
Project Updates
Nobel laureate and AlphaFold contributor John Jumper leaves Google DeepMind to join Anthropic
John Jumper, who co-won the Nobel Prize in Chemistry for the AlphaFold model, announced he is leaving Google DeepMind to join Anthropic.
US real estate investment firm Cardone Capital adds 282 Bitcoin
Grant Cardone, CEO of US real estate investment firm Cardone Capital, stated the company has added 282 Bitcoin.
Sonic adjusts leadership and board; Matt Visser to become CEO
Sonic announced significant leadership and board adjustments. Michael Kong, Andre Cronje, and David Richardson have resigned from the board. Matt Visser will become CEO, and Kosta Kourkoumelis joins as COO. The team will focus on transparency and rebuilding trust, forming a Risk and Compliance Committee.
Charles Schwab to enter S&P 500 prediction market
Charles Schwab, in partnership with Cboe Global Markets, will launch new options contracts allowing clients to make "yes/no" bets on S&P 500 movements, marking its first foray into prediction markets, expected to roll out to clients in the coming months.
Axelar Network hacked, approximately $4.67 million in tokens stolen
Axelar Network was hacked, with approximately $4.67 million in tokens stolen. The attacker exploited an infinite minting vulnerability in a modified CW20-ICS20 token contract on Secret, launching a new Cosmos chain and self-relaying IBC packets to mint arbitrarily wrapped Axelar assets on Secret before exiting via the Axelar bridge. The issue was limited to the ICS-20 smart contract on the Secret side; the Axelar core protocol was unaffected. The emergency committee has disabled the relevant connection, and the team is contacting exchanges and law enforcement.
Franklin Templeton files for ETF that reinvests dividends into Bitcoin
Franklin Templeton has filed with regulators for a new type of ETF, structured to allow cash dividends generated from held stocks to be automatically reinvested into Bitcoin.
GoMining launches Bitcoin payment protocol GoBTC Pay, challenging Jack Dorsey's Square
Bitcoin mining company GoMining has launched the SDK and API for its Bitcoin payment protocol, GoBTC Pay, allowing merchants to directly accept BTC payments for daily purchases, competing with Block's Square. The core difference is that transactions are settled entirely in Bitcoin, rather than defaulting to fiat conversion. The protocol is built on the Bitcoin network and the Stratum V2 mining pool protocol, with an average settlement time of about 12 hours and a merchant fee of 0.2%, split between wallet service providers and miners. The company plans to onboard 10 merchants initially.
ZachXBT exposes Indian scam gang that turned themselves in; funds involved exceed $1 million
ZachXBT exposed a case involving an Indian scam gang. A user claiming their funds were frozen by Changelly sought help, unable to withdraw 5.73 BTC. Tracing revealed the Bitcoin inflow originated from multiple social engineering scams and Bitcoin ATM thefts targeting US users. The associated address cluster has stolen over $1 million since 2025, with many elderly victims. The individual seeking help changed their story multiple times; ZachXBT identified them as a suspected "money mule" involved in the theft, with the mastermind possibly being "Mr. Parveen." The gang had even proactively filed a report with Indian police.
Funding News
Opinions & Analysis
Binance founder CZ stated in an interview with Galaxy that Bitcoin's roughly 50% pullback from its historical high of around $125,000 is better than the massive 80% drawdowns of previous cycles. Compared to four years ago, the US government's stance has shifted from suppression to support, leading the establishment of a global regulatory framework, with unprecedented institutional participation. CZ believes past all-time highs (such as $60,000) will become future bottom support levels. No platform or lending company failures have occurred in the past six months, showing progress in controlling industry leverage risk. YZI Labs' investment direction is 70% crypto, 20% AI, and 10% biotech, with the core philosophy of investing in projects that have a profound impact on human civilization.
CryptoQuant founder Ki Young Ju stated that capital rotation between Bitcoin and altcoins has largely disappeared. Since 2021, Bitcoin-to-altcoin trading volume has dropped significantly, and the era where altcoins rose simply because Bitcoin was rising may be over.
In response to the potential protocol funding crisis pointed out by Ethereum core developer Trent Van Epps, Tom Lee, Chairman of Ethereum treasury company Bitmine, responded that the probability of such a crisis occurring is zero, stating "the funding is in place." Data shows Bitmine has been increasing its Ethereum holdings weekly recently, with total holdings exceeding 5.62 million ETH.
Key Data
In the half month since ETH fell below $1,700, an address belonging to F2Pool co-founder Wang Chun has withdrawn 54,500 ETH (approximately $93.25 million) from Binance and deposited 37,400 ETH (approximately $63.88 million) into Ethereum staking.
A Chainlink non-circulating supply wallet deposited 18.375 million LINK, worth $144.93 million, to Binance.
An address associated with F2Pool co-founder Wang Chun withdrew 7,650 ETH and 124.18 WBTC from Binance in the past 4 hours, totaling approximately $20.666 million, subsequently depositing all into the lending protocol Spark.
Total liquidations across the cryptocurrency market reached $367 million in the past 24 hours, with long liquidations at $274 million and short liquidations at $92.7667 million. BTC liquidations totaled $105 million, and ETH liquidations totaled $101 million.
A whale cuts 1,105 BTC over 7 months, losing approximately $26.9 million
A whale transferred all 1,105 BTC, held for about 7 months, into Binance to close the position. At current prices, the value is approximately $69.43 million, realizing a loss of about $26.9 million. The whale had withdrawn the coins from exchanges to on-chain addresses between last November and this February at an average price of around $87,200.
USDC Treasury minted an additional 250 million USDC on the Solana chain.
USDC Treasury minted an additional 250 million USDC on the Solana chain.
Arthur Hayes deposited 6,000 ETH to FalconX and Galaxy Digital.
Arthur Hayes transferred a total of 6,000 ETH to FalconX and Galaxy Digital, worth approximately $10.14 million at current prices.
