Midnight Network Releases NIGHT Token Economics and “Glacier Airdrop” Mechanism
According to Coindesk, the privacy-focused blockchain project Midnight Network released a token economics white paper and announced in advance the "Glacier Drop" mechanism for the native NIGHT token. Token claims will open next month. The "Glacier Drop" will be carried out in three phases, involving eight major blockchain ecosystems such as Bitcoin and Ethereum. During the 60-day claim period starting in July, eligible wallets holding at least $100 in native tokens at the time of the pre-snapshot can claim the full quota. After that, there will be a 30-day "treasure hunt mine" phase, in which unclaimed tokens will be redistributed to participants who complete computing tasks through a mechanism similar to proof of work. After the mainnet goes online later this year, it will enter a four-year "lost and found" phase, and the original claimants who missed the initial claim can recover part of the quota through self-verification. To prevent supply shocks, NIGHT tokens will be randomly unlocked in four times within 360 days. Fahmi Syed, chairman of the Midnight Foundation, said that this mechanism embodies the vision of "rational privacy" and allows developers to finely control on-chain data sharing. The qualification snapshot has been completed and is now open for query.
According to Bloomberg, Hong Kong multi-family office VMS Group plans to allocate no more than $10 million to strategies operated by decentralized hedge fund Re7 Capital (the allocation size has not yet been finalized), marking the first foray into the crypto space for the wealth management firm, which manages nearly $4 billion in assets. VMS managing partner Elton Cheung said the move is aimed at addressing the decline in liquidity in traditional private equity while responding to clients' growing demand for digital assets. Zhi Li, head of VMS London, added that the group is exploring the integration of crypto payments into its controlled Vietnamese real estate projects and has observed a strong interest among the younger generation of family members in compliant digital asset allocations.
Circle’s market value approached Coinbase’s at one point during trading on Monday
According to The Block, the stock price of stablecoin issuer Circle (stock code CRCL) hit $298 during trading on Monday, with a fully diluted market value of more than $77 billion, surpassing the $61 billion market value of its stablecoin USDC and approaching the current market value of Coinbase, the exchange, of $77.8 billion. Circle has accumulated a nearly 600% increase since its IPO at $31 on June 5, and rose another 12% on Monday. Alexander Blume, CEO of Two Prime Digital Assets, pointed out that there is a valuation paradox in Circle's market value surpassing Coinbase - Coinbase not only takes 50% of USDC's reserve income, but also has multiple business lines. Bitwise CEO said this phenomenon marks that "mainstream capital has begun to pour into the crypto field." According to market information, Circle closed at $263.45 on Monday.
Iranian Foreign Minister: No "agreement" has been reached between Israel and Iran on ceasefire
According to Jinshi, Iran’s foreign minister said that so far, there has been no “agreement” between Israel and Iran on a ceasefire or cessation of military operations.
Texas state government to allocate $10 million to buy Bitcoin
According to CoinDesk, Texas Governor Greg Abbott recently signed Senate Bill 21, making the state the first state in the United States to establish a publicly funded Bitcoin reserve. The state will allocate $10 million to purchase Bitcoin, becoming the first state in the United States to actually inject funds (rather than just authorize) to establish a cryptocurrency reserve. Lee Bratcher, chairman of the Texas Blockchain Committee, said that although this investment only accounts for 0.0004% of the state budget, it sends an important signal that Texas recognizes the future of digital finance. The supporting bill HB 4488 also took effect at the same time, prohibiting the transfer of Bitcoin reserve funds to the state's regular fiscal revenue.
Ark Invest sold more than $100 million worth of Circle shares yesterday
Ark Invest Daily data showed that Cathie Wood's ARK Invest sold a total of 415,844 Circle shares on June 23, including 306,921 shares through the ARKK fund, 72,302 shares through the ARKW fund, and 36,621 shares through the ARKF fund. Based on the closing price of US$263.45, the total value was approximately US$110 million.
A whale bought 6037.24 ETH five hours ago, worth $13.88 million
According to the on-chain analyst @ai_9684xtpa, the whale 0x349...7c9d4 bought 6037.24 ETH at an average price of $2299 on the chain five hours ago, with a total value of $13.88 million, and has now made a floating profit of $690,000.
Grayscale Space and Time (SXT) Trust Registered in Delaware
According to market news, the Grayscale Space and Time (SXT) Trust is registered in Delaware.
Iranian official: Trump's ceasefire announcement is a "tactic to provoke Iran"
According to a report by Cailian Press citing CCTV News, reporters learned that on the 24th local time, an adviser to Iranian Parliament Speaker Kalibaf stated that Trump’s (Israel-Iran) ceasefire statement and ceasefire mechanism "are just a trick to provoke Iran."
According to Bloomberg, Patrick Horsman, Joshua Kruger and Johnathan Pasch, former executives of hedge fund Coral Capital Holdings, are promoting a $100 million fundraising plan to invest in Binance platform currency BNB through the Nasdaq-listed company they control. The team plans to rename the listed company to Build & Build Corporation after completing the fundraising this month and start building BNB reserves. This will become the first listed company to use BNB as a core reserve asset. Earlier yesterday, CZ responded to the expansion of the BNB market, emphasizing that BNB has no direct connection with Binance.
BTC fell to a low of $99,613 and has now rebounded to $105,316. When the whale AguilaTrades rebounded rapidly at 1:30 a.m., he liquidated his 20x short position of 1,425 BTC, losing another $2.869 million. He then seamlessly reversed and opened a 20x long position. He currently holds a position of $133 million, with an opening price of $103,469 and a closing price of $102,000, with a floating profit of $2.437 million.
According to The Block, the Federal Reserve announced that it would remove "reputational risk" from bank review standards and instead use more specific financial risk indicators for assessment. This adjustment is intended to provide clearer guidelines for bank supervision and may also enable banks to better serve digital asset companies and other crypto industry participants. Previously, the industry generally complained that "de-banking" has hindered the development of cryptocurrencies in the United States. The Federal Reserve emphasized in its statement that this move does not change the basic requirements for bank risk management, but will provide clearer regulatory guidance. Wyoming Senator Cynthia Loomis called it a "phased victory", while pointing out that further policy improvements are still needed. The decision aligns the Federal Reserve with the regulatory standards of the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).
Trump media says $400 million stock buyback plan will not affect his Bitcoin reserve strategy
According to The Block, Trump Media & Technology Group (stock code DJT) announced plans to repurchase $400 million worth of shares. The company said the repurchase will not affect its previously announced Bitcoin fund allocation plan, which is supported by $2.3 billion in private equity financing and has been approved by the US Securities and Exchange Commission. Trump Media operates the Truth Social social platform and Truth.Fi financial technology business, and its Bitcoin allocation funds come from fundraising from about 50 institutional investors. The company's latest statement said that it currently has about $3 billion in funds on its balance sheet and will maintain flexibility to explore more strategic opportunities.
Fiserv announces plans to launch stablecoin in partnership with Circle, PayPal
According to Reuters, financial technology company Fiserv (FI.N) announced on Monday that it plans to launch the stablecoin FIUSD by the end of the year and integrate it into the existing banking and payment infrastructure. It is reported that FIUSD will rely on the stablecoin infrastructure provided by Paxos and Circle Internet (CRCL.N). Some brokerage firms pointed out that with the increasing expectations of the passage of the GENIUS Act, Fiserv’s announcement of the launch of the stablecoin is quite appropriate at this time. In addition, Fiserv also stated that it has reached a cooperation with PayPal (PYPL.O) to achieve interoperability between FIUSD and PayPal USD (PYUSD) so that consumers and businesses can more conveniently transfer funds at home and abroad.
Iran confirms agreement to US-proposed ceasefire with Israel
According to Reuters, senior Iranian officials confirmed that Tehran has agreed to a ceasefire with Israel proposed by the United States and brokered by Qatar. Earlier, US President Trump announced that Israel and Iran have fully reached an agreement to achieve a comprehensive ceasefire.
New crypto venture fund Frachtis closes $20 million
According to The Block, the former Chorus One executive team has established a new crypto venture capital fund, Frachtis, which focuses on the intersection of blockchain and artificial intelligence and has raised $20 million. Frachtis will invest in decentralized infrastructure, middleware and consumer applications, and has currently deployed eight projects including Hyve, Turtle.Club and Bless network. The fund's limited partners include Chorus One, cyber•Fund, RockawayX and Theta Blockchain Ventures.
Coinbase will list Sonic (S) trading pairs
According to Coinbase Assets, Coinbase will list Sonic (S) assets on or after 9:00 a.m. Pacific Time on June 24, 2025, provided that liquidity conditions are met. The S-USD trading pair will be opened in stages, and S assets will only be traded in supported regions, and some regions may be restricted. Official reminder: users should not transfer Sonic (S) through other networks, otherwise assets may be lost.
CZ responds to BNB market expansion, stressing that BNB has no direct relationship with Binance
Binance founder CZ tweeted today that several companies are planning to launch BNB-related products on Nasdaq and other global markets in the near future. CZ said that these projects are not led by him or his team, but they highly support them. At the same time, he emphasized that BNB is a native currency of the public chain and has no direct connection with Binance Holdings Ltd and Binance CEX.
Circle's gains expanded to more than 24%, and its share price approached the $300 mark
U.S. stock market data shows that Circle's (CRCL.N) share price has risen by more than 24%, approaching the $300 mark.
According to Coinglass data, the cryptocurrency market had a total of $360 million in liquidation in the past 24 hours, including $169 million in long positions and $191 million in short positions. The total amount of BTC liquidation was $106 million, and the total amount of ETH liquidation was $125 million.
Iran may attack US military facilities within hours
According to Iranian media: Senior Iranian political sources said that Iran is likely to attack US military facilities in the next few hours.
Iran wants US to pay 'direct' price, estimates war will last two years
According to CNN, a senior Iranian official said on Monday that the Iranian government hopes that the United States will "directly" pay for the war instead of standing behind Israel and advancing its own projects without paying any price. The official said, "Iran estimates that this war may last up to two years, and Iran is ready for it."
Binance HODLer Airdrop will launch the 24th project Newton Protocol (NEWT)
According to the Binance announcement, Newton Protocol (NEWT) has become the 24th Binance HODLer airdrop project. Users can receive NEWT airdrop rewards by subscribing BNB to Simple Earn (flexible or regular) and/or on-chain income products between June 14 and June 17, 2025. NEWT will be launched on Binance at 14:00 (UTC) on June 24, 2025, supporting USDT, USDC, BNB, FDUSD and TRY trading pairs. The total amount of this airdrop is 12.5 million NEWT, accounting for 1.25% of the total supply.
The Ministry of Industry and Information Technology and nine other departments issued the "Implementation Plan for the High-quality Development of the Gold Industry (2025-2027)". The "Implementation Plan" proposes that by 2027, the gold resource guarantee capacity and the level of innovation in the industrial chain will be significantly improved. In terms of resource guarantee, the amount of gold resources will increase by 5%-10%, and the output of gold and silver will increase by more than 5%; in terms of technological innovation, a number of key common technologies and equipment will be broken through, and mining and smelting technology equipment such as mining at a depth of less than 2,000 meters and cyanide-free gold extraction will be applied, and the supply capacity of high-end new materials for gold and silver will be significantly enhanced. The "Implementation Plan" states that gold is a strategic mineral resource with both commodity and currency attributes, which is of great significance to maintaining national industrial security and financial security. In recent years, my country's gold industry has developed rapidly and has become the world's largest gold producer and consumer.
MegaETH-based DEX GTE completes $15 million Series A financing, led by Paradigm
According to The Block, Paradigm, a well-known crypto venture capital firm, exclusively led the $15 million Series A financing of GTE, a decentralized exchange startup. GTE calls itself "the world's fastest decentralized exchange," and its founding team said that the platform uses a centralized limit order book (CLOB) mechanism, and the transaction delay is on par with centralized exchanges such as Binance and Coinbase, while maintaining decentralized characteristics. GTE aims to solve the problems of "blind trust" in centralized exchanges and high latency and high costs of traditional DEXs. The platform has been built on the EVM-compatible MegaETH blockchain, and the test network has attracted about 700,000 users. Previously, GTE has received a total of $10 million in investment through three rounds of financing.
ECB President Lagarde: EU lawmakers should pave the way for digital euro
European Central Bank President Christine Lagarde on Monday again called on European lawmakers to pass legislation to pave the way for the launch of a digital euro. Lagarde said: "A legislative framework should be established quickly to pave the way for the possible introduction of a digital euro. By making the right policy choices, we can take advantage of the current momentum and boost the economic prospects of Europe and its citizens."
YZi Labs participates in Blueprint Finance’s $9.5 million funding round
YZi Labs announced that it has made a strategic investment in Blueprint Finance, a multi-chain DeFi infrastructure company, to help it expand its ecosystem and accelerate institutional-level DeFi innovation. As the core development team of Concrete on Ethereum and Glow Finance on Solana, Blueprint Finance currently has a total locked value (TVL) of more than $650 million.
According to Fortune, New York crypto startup Blueprint Finance announced the completion of a $9.5 million financing round led by Polychain Capital, with participation from YZi Labs (formerly Binance Labs) and VanEck. Founded in 2023 by Nic Roberts-Huntley and Dillon Liang, Blueprint Finance is committed to simplifying the process for cryptocurrency holders to participate in DeFi (decentralized finance) lending. The company has currently launched two products, Concrete and Glow, covering the Ethereum and Solana ecosystems respectively, to help investors borrow and manage digital assets more conveniently. The new funds will be used for team expansion, technology research and development, and market promotion.
According to Investing.com, ECD Automotive Design (ECDA), the world's largest Land Rover and Jaguar retro modification company, announced that it has signed an equity financing agreement of up to US$500 million with ECDA Bitcoin Treasury LLC. The company plans to use the funds to advance its Bitcoin reserve strategy and support business growth and general corporate purposes. ECD will also provide an upgrade package of US$21,000 per person to the first 21 customers who purchase cars with Bitcoin in the next 12 months.
Binance Wallet Launches Codatta Pre-TGE and Booster Exclusive Events
Binance Wallet officially launched the Pre-TGE subscription and Booster reward activities for the Codatta project. Users can subscribe to Codatta governance tokens XNY through Binance Wallet during the Pre-TGE stage. A single user can subscribe to up to 3 BNB. The tokens obtained will be distributed proportionally and have a lock-up period. In addition, the Booster activity will last for 12 weeks. Users who complete weekly tasks will have the opportunity to share a total of 6% XNY airdrops. The participation condition is to hold 61 points or more Alpha Points.
Brazilian listed company Méliuz spent $28.61 million to purchase 275.43 Bitcoins
Israel Salmen, CEO of Brazilian listed technology company Méliuz SA (CASH3), wrote that after the company completed the latest round of stock issuance, it spent $28.61 million to purchase 275.43 bitcoins at an average price of $103,864. The total holdings currently amount to 595.67 bitcoins, with an overall average purchase price of $102,702.84.
DeFi infrastructure company Veda completes $18 million financing, led by CoinFund
According to CoinDesk, DeFi infrastructure company Veda has completed $18 million in financing, led by CoinFund, with participation from Coinbase Ventures, Animoca Ventures, GSR, Mantle EcoFund, BitGo and Draper Dragon. Veda provides a modular vault framework that supports developers to build simplified DeFi yield products. It has processed over 100,000 user deposits and managed over $3.7 billion in assets. Its collaborative projects include ether.fi, Plasma and Berachain.
Anthony Pompliano tweeted that his private company ProCap BTC, LLC will merge with Nasdaq-listed SPAC Columbus Circle Capital Corp I ($CCCM) to form a new company ProCap Financial, valued at $1 billion. Pompliano also announced that it has completed $750 million in financing, becoming the largest first round of financing for a Bitcoin vault listed company in history. ProCap Financial will focus on purchasing Bitcoin and developing profitable financial products based on its holdings.
According to the on-chain detective ZachXBT, New York social engineering scammer Christian Nieves (alias Daytwo/PawsOnHips) set up a small call center to impersonate Coinbase customer service, guiding users to create Coinbase wallets containing the alleged seeds on phishing websites, and has stolen more than $4 million in user funds. His accomplice Paranoia (Justin) once defrauded $240,000 from an elderly victim in November 2024. Part of the funds flowed into the Roobet platform, and the rest was converted into XMR. He disclosed the Roobet account "pawsonhips" in a Discord call and leaked the wallet address, showing that it was frequently used for online gambling.
Strategy bought 245 bitcoins last week, spending $26 million
According to the 8-K document submitted by Strategy to the SEC, the company purchased 245 bitcoins at an average price of $105,856 per bitcoin between June 16 and 22, with a total amount of $26 million. The purchase funds came from the STRK and STRF preferred stock ATM financing plans. As of June 22, 2025, the company holds a total of 592,345 bitcoins, with a total purchase cost of approximately $41.87 billion and an average cost of $70,681 per bitcoin.
Unicoin to acquire majority stake in Diamond Lake and launch altcoin treasury strategy
According to CoinDesk, Unicoin, a crypto project accused by the SEC, announced that it would acquire a 51% stake in Diamond Lake Minerals and reorganize it into "DiamondLake" to promote a corporate treasury strategy centered on emerging altcoins, similar to Strategy's Bitcoin reserve model. The transaction is valued at over $70 million and is expected to be completed within 20 days. Previously, the SEC accused Unicoin of illegally raising over $100 million by exaggerating asset values and false advertising. Unicoin CEO refuted the allegations and refused to settle with the SEC.
BlackRock transfers 8,172 ETH to Coinbase Prime, suspected of preparing to sell
According to Lookonchain, BlackRock transferred 8,172 ETH worth approximately $18.4 million to Coinbase Prime about 50 minutes ago. This was the first potential sale after more than a month of continuous buying.
Romania’s new government plans to tax cryptocurrency gains
According to Jinshi, the new Romanian government plans to tax cryptocurrency gains and income on social media platforms.
Binance Alpha to List Mango Network (MGO) on June 24
According to Binance's announcement, Mango Network (MGO) will be launched on Binance Alpha platform on June 24, and the specific opening time will be announced on the same day. Eligible users can use Alpha Points to claim the airdrop on the event page after Alpha trading is launched.
Sequans announces $384 million in private placement to launch Bitcoin reserve program
According to Newsfile, Sequans Communications, a leading 5G/4G IoT semiconductor company listed on the New York Stock Exchange, announced that it will raise approximately US$384 million through a private placement to establish a Bitcoin reserve.
Trezor: Contact form abused to send phishing emails, users need to be vigilant
According to Trezor's official announcement, its contact form was abused and used by attackers to send phishing emails disguised as official support replies to induce users to disclose wallet backups. Trezor emphasized that it would never ask for user wallet backups and the relevant issues have been controlled. Officials remind users to be vigilant and never share mnemonics or private keys online.
Market News: A US military base in Syria was attacked
According to CGTN Europe: Iran reported that a US military base in Syria was attacked.
Iran's currency has depreciated by more than 20%, and most exchange houses refuse to accept it
According to CCTV News, the conflict between Iran and Israel continues to escalate. CCTV reporters found at the Kapokoy Port on the border between Turkey and Iran that the war has not yet directly affected the border, but the exchange rate, communications, security and other aspects have quietly changed, revealing the spillover effects of the conflict. Reporters saw four or five currency exchange dealers at the port, most of whom have refused to accept Iranian rials. Only a few are still exchanging, but they also revealed that as the conflict escalates, the rial exchange rate has depreciated by more than 20%.
HTX Exchange transfers large amounts of USDT across chains to Tether vaults and then flows back
According to Whale Alert monitoring, the HTX exchange transferred 500 million USDT (about 500.5 million US dollars) to the Tether vault through the Ethereum chain, and then the same amount of USDT (about 501 million US dollars) was transferred back to HTX from the Tether vault through the Tron chain, which is suspected to be a cross-chain transfer operation.
According to the CoinShares report, digital asset investment products recorded net inflows of $1.24 billion for the tenth consecutive week in the week ending June 22, Beijing time, and the total inflows hit a new high of $15.1 billion since the beginning of the year. Bitcoin and Ethereum attracted $1.1 billion and $124 million, respectively. The United States was the main source of funds ($1.25 billion), while Hong Kong, China and Switzerland saw net outflows of $32.6 million and $7.7 million, respectively. Ethereum has recorded inflows for nine consecutive weeks, totaling $2.2 billion, the longest record since 2021. Solana and XRP also recorded inflows of $2.78 million and $2.69 million, respectively.
