Crypto investment startup Parataxis Holdings plans to go public via SPAC deal
PANews reported on June 10 that according to BUSINESS WIRE, Parataxis Holdings LLC, a Bitcoin-focused investment startup, plans to go public through a merger with special purpose acquisition company SilverBox Corp IV. The two parties announced on Monday that they had signed a non-binding letter of intent, marking another cryptocurrency-related company's intention to enter the public market. The transaction still needs to complete due diligence, sign a final agreement, and obtain regulatory approval and other routine procedures.
PANews reported on June 10 that Virtuals Protocol co-founder everythingempty announced on the X platform that Virtuals has partnered with the Nethermind team to launch IRIS on the Ethereum L1 mainnet, an autonomous, public-interest smart contract audit agent; all 50% of IRIS tokens will be directly allocated to the Ethereum community, and the team will not reserve any tokens. Points staking will still be conducted on the Base chain, and the token generation event (TGE) will be conducted on the Ethereum mainnet.
A trader has made a profit of more than $10 million by going long on HYPE with 4x leverage
PANews reported on June 10 that according to Onchain Lens monitoring, as HYPE is about to hit a record high, a trader has made a floating profit of more than 10 million US dollars by going long on HYPE with 4x leverage.
Bitcoin Core Development Team Schedules OP_RETURN Change for October
PANews reported on June 10 that according to Protos, the Bitcoin core development team announced that it will modify the default settings of OP_RETURN in the Core 30 version released in October, raising the upper limit of data carriers from 80 bytes to nearly 4MB. This decision marks a phased victory for the reformists led by Antoine Poinsot in the long-term dispute with conservatives such as Luke Dashjr. Although the new version still allows node operators to manually restore smaller data limits, analysis shows that most nodes will maintain the default settings. Conservatives criticized this move for violating the original design of Bitcoin as a value transfer network and may reduce the blockchain to a data storage platform. Reformists believe that moderate expansion will help expand Bitcoin's functions and have made compromises to allow parameter adjustments. The change is expected to affect the on-chain data storage ecosystem, but will not change Bitcoin's basic transaction verification mechanism.
U.S. Senate Majority Leader John Thune expects to push for passage of stablecoin bill this week
PANews June 10 news, according to Politico, U.S. Senate Majority Leader John Thune said on Monday that Senate Republicans are seeking to pass a landmark stablecoin bill this week, which will set new rules for digital tokens pegged to the U.S. dollar. Thune said that he is currently working hard to explore the way forward for the amendment, with the goal of having the bill reviewed and voted on by the full Senate this week. On Monday, Thune submitted a motion to end the debate on the bill, and another procedural vote on the motion will be held as early as Wednesday. Republican leaders have been seeking to reach an agreement on the amendment to speed up the final vote, but have so far failed, mainly because Kansas Republican Senator Roger Marshall has pushed for a vote on controversial legislation to combat credit card swipe fees.
Crypto fund assets under management hit a record high of $167 billion in May
PANews June 10 news, according to Reuters, assets held by crypto funds hit a record high in May. Morningstar data on 294 crypto funds showed that these funds attracted $7.05 billion in net inflows last month, the highest level since December last year, bringing the total assets under management to a record $167 billion. In contrast to crypto funds, Lipper data showed that global stock funds had a net outflow of $5.9 billion in May, while gold funds saw their first net outflow in 15 months, amounting to $678 million. Analysts pointed out that investors are viewing cryptocurrencies as part of a diversified portfolio, not just a high-risk asset. Market concerns about the outlook for U.S. investments and expectations of a weaker dollar have driven capital flows into cryptocurrencies.
PANews reported on June 10 that according to Jinshi, CITIC Construction Investment said that in recent years, more and more payments have fled the centralized monetary system dominated by the US dollar and hid in the digital payment system (such as Bitcoin). Stablecoins are "two-sided" currencies that have both centralized and digital currency characteristics. Policies aimed at promoting the development of stablecoins need to focus on strengthening the stability mechanism of stablecoins: enhancing the market's "trust consensus" on stablecoins. This is also the focus of recent stablecoin regulatory policies. Looking only at the current comparison of the total scale of stablecoins and US dollar and US debt, promoting the development of stablecoins will not bring large-scale funds to the US dollar and US debt in the short term. In the medium and long term, the steady development of stablecoins can first allow fiat currencies (such as the US dollar) to take advantage of the expansion of Bitcoin's market value; secondly, it can also allow fiat currencies to be covered with a layer of stablecoin digital coats to bridge the gap between centralized credit currencies and digital currencies.
U.S. SEC Chairman says he is developing an “innovation exemption” policy for DeFi platforms
PANews June 10 news, according to CoinDesk, Paul Atkins, chairman of the U.S. Securities and Exchange Commission, said at a crypto roundtable that the SEC is developing an "innovation exemption" policy for DeFi platforms. Atkins said that he has asked staff to study and modify the rules to provide regulatory exemptions for on-chain financial systems, allowing entities under the jurisdiction of the SEC to quickly launch on-chain products. Hester Peirce, head of the SEC's crypto working group, emphasized that publishers should not be held accountable for the use of code by others, but centralized entities cannot evade regulation through the "decentralized" label. Currently, the SEC's Republican commissioners hold a majority of 3:1 and are promoting friendlier crypto policies. Atkins said that blockchain technology has realized the function of financial transactions without intermediaries, and the SEC should not hinder such innovation.
PANews reported on June 10 that according to on-chain analyst Yu Jin’s monitoring, as BTC hit $110,000 again, the whale who used 10 million USDC to open a long position on BTC yesterday has now made a floating profit of $5.87 million. He has been increasing his position since he started building a position at 5 pm yesterday, and it is still increasing until now. The value of his BTC long position is now as high as $250 million. Current position: 20x long 2,276 BTC, position valued at $250 million. Opening price $107,637, liquidation price $105,110. Current floating profit $5.87 million.
PANews reported on June 10 that according to The Block, Bloomberg ETF analyst Eric Balchunas said that BlackRock's Bitcoin ETF, IBIT Fund (the largest of its kind), exceeded $70 billion in assets in just 341 trading days, becoming the fastest ETF to reach this milestone, five times faster than the previous record holder GLD (1,691 days). GLD, the SPDR Gold Trust, was listed on the New York Stock Exchange in November 2004. It is the world's largest physically-backed gold ETF, with assets under management of approximately $100 billion. BlackRock launched its spot Bitcoin ETF in January 2024. According to Arkham Intelligence data, in April this year, BlackRock's fund held 2.8% of the total supply of Bitcoin. The asset management company holds Bitcoin on behalf of its clients, but does not own the cryptocurrency itself.
PANews reported on June 10 that according to The Block, the latest version of the Digital Asset Market Clarity Act, which is about to be reviewed by the U.S. House of Representatives Finance Committee, has added protection clauses for software developers. This clause clarifies that non-custodial crypto platforms and their developers are not "unlicensed money service providers" and originates from the Blockchain Regulatory Certainty Act, which was re-proposed by Republican Congressman Tom Emmer and Democratic Congressman Ritchie Torres last month. This amendment will establish a digital asset regulatory framework, clarify the division of supervision between the SEC and the CFTC, and require crypto companies to disclose customers and isolate customer funds. Coin Center, DeFi Education Fund and other organizations jointly issued a statement in support of this clause, believing that it protects P2P technology developers while maintaining supervision of custodians. The committee will debate at 10 a.m. Eastern Time on June 10, but the bill still faces resistance from the Democratic Party, and some members have expressed concerns about former President Trump's involvement in the crypto field. Last month, technical consultations between Democratic staff and the SEC also ended unhappily because the agency "failed to answer basic questions."
Uphold Considers IPO or Sale, Reportedly Seeking Valuation of More Than $1.5 Billion
PANews reported on June 10 that according to The Block, digital asset trading platform Uphold is considering an initial public offering (IPO) or sale. Its CEO Simon McLoughlin revealed that the board of directors has appointed FT Partners to explore strategic options, including an IPO in the United States or selling to other companies. He said that many banks, financial institutions, etc. are currently interested in Uphold, and mergers and acquisitions are also an option. Although McLoughlin did not disclose the valuation, people familiar with the matter said the valuation exceeded US$1.5 billion. Uphold's CEO said that potential IPOs or sales require in-depth analysis, and if other companies are acquired, listing on the Nasdaq may be beneficial. He said that the company is developing rapidly, with many mergers and acquisitions in the industry. Due to the growth of corporate business, revenue is expected to increase from US$80 million in 2022 to more than US$300 million today.
PANews June 10 news, according to Reuters, Paraguayan President Peña's X account was suspected to be hacked on Monday local time. The account posted an English post with a Spanish government statement, claiming that the country will list Bitcoin as legal tender and plans to launch a $5 million Bitcoin reserve fund. The Paraguayan government subsequently issued an official statement, pointing out that the president's account had abnormal activities and may have been unauthorized access, and asked the public not to believe the content of the relevant posts before official confirmation. The Paraguayan National Cybersecurity Team is working with the X platform to investigate the matter.
Both the CANARY STAKED INJ ETF and the CANARY MARINADE SOLANA ETF are registered in Delaware
PANews reported on June 10 that according to market news, CANARY STAKED INJ ETF and CANARY MARINADE SOLANA ETF have both been registered in Delaware.
Coinbase International will launch Fartcoin perpetual contract trading pairs
PANews reported on June 10 that according to an announcement from Coinbase International, the platform will launch the Fartcoin ($FARTCOIN) perpetual contract at 17:30 (UTC+8) on June 12, 2025, which will be applicable to Coinbase International Exchange and Coinbase Advanced, and support users to conduct leveraged transactions.
KULR plans to raise $300 million through private placement to expand Bitcoin holdings
According to CoinDesk, KULR, a New York Stock Exchange-listed company, announced that it will raise up to $300 million through an "ATM" stock offering underwritten by Cantor Fitzgerald to purchase additional Bitcoin, supplement operating capital and research and development expenses. KULR has used Bitcoin as its main reserve asset since the end of 2024, currently holds 920 BTC, and has continued to expand its positions through mining and market purchases.
Telegram founder: TON has become the world's No. 1 NFT on-chain transaction volume
Telegram founder Pavel Durov wrote that the price of collectible gifts on the Telegram platform has risen several times in the past 30 days, driving a surge in NFT activity on the TON chain. Currently, TON has become the blockchain with the highest daily NFT on-chain transaction volume in the world, second only to Ethereum if off-chain transactions are not counted.
According to Lookonchain data, in the past 7 days, the total amount of USDT and USDC stablecoins on the Tron chain increased by 1.04 billion US dollars in 7 days, ranking first among all public chains; Ethereum and Avalanche increased by 776 million US dollars and 225 million US dollars respectively. Solana chain had a net outflow of 99 million US dollars, the largest drop among the top 15 public chains.
Ray Dalio, founder of Bridgewater Associates, wrote that the United States is currently in the fifth stage of the "big cycle" defined in his book "The Changing World Order" - on the eve of economic deterioration and intensified social conflicts, and is approaching the sixth stage, which is civil war or system collapse. Dalio warned that fiscal imbalances, the gap between the rich and the poor, and extreme politics are together forming a "toxic combination" and that strong and peaceful leaders are needed to promote system reconstruction to avoid drastic ruptures.
Rune continues to repurchase SKY, and has used 630,000 USDS to repurchase 8.29 million SKY
According to Ember, Rune, the co-founder of Sky (formerly MakerDAO), transferred 2 million USDS to the repurchase address 30 minutes ago, and has used 300,000 USDS to repurchase 3.96 million SKY. Since June 4, a total of 630,000 USDS has been used to repurchase 8.29 million SKY, with an average price of about $0.076.
Belgravia Hartford, a Canadian listed company, purchased 4.86 BTC for $500,000
Belgravia Hartford Capital, an investment issuance company listed on the Canadian Stock Exchange, announced the completion of its first Bitcoin purchase, using $500,000 to purchase 4.86 BTC, with an average price of approximately $102,848. The company also disclosed that it holds 44.13 million Canadian dollars in carryforward non-capital losses as of 2023, and will explore its monetization possibilities to support Bitcoin reserve strategy and balance sheet optimization. Last week, Belgravia Hartford, a Canadian listed company, obtained a $5 million credit facility dedicated to BTC purchases.
Aave's total lending exceeds $16 billion, setting a new all-time high
According to Aave’s official account, the total amount of loans on the platform has exceeded US$16 billion, setting a historical high.
A user paid up to 39.15 ETH in gas fees to participate in Plasma staking first
On-chain data shows that a user paid 39.15 ETH (about $99,467) in gas fees to pledge $10.17 million USDC to Plasma, successfully becoming the first pledge address. In contrast, the number one address deposited $50 million USDC at a cost of only about $7.16 in gas.
The three major U.S. stock indexes opened slightly higher, and Circle jumped more than 20%
At the opening of the US stock market, the Dow Jones Industrial Average rose 0.02%, the S&P 500 rose 0.12%, and the Nasdaq rose 0.22%. Tesla (TSLA.O) opened down 3%. The company was downgraded by multiple investment banks and fell nearly 15% last week. Circle (CRCL.K), the first stablecoin stock, continued its rise last week, rising more than 22%. MSTR and COIN rose slightly more than 2%.
Plasma public offering sold out $500 million in minutes
The Plasma project's public token sale completed subscriptions for $500 million in just minutes.
According to Fortune, Turnkey, a crypto wallet infrastructure company founded by former Coinbase employees, has completed a $30 million Series B round of financing led by Bain Capital Crypto, with participation from Lightspeed Faction and Galaxy Ventures. Turnkey will use the new funds to expand its current team of 35 people, focus on strengthening engineering capabilities, and promote the popularization of API wallet solutions.
KULR purchased 118.6 bitcoins for $13 million, bringing his total holdings to 920 bitcoins
According to KULR CEO Michael Mo, the company recently purchased 118.6 bitcoins for about $13 million, with an average price of about $107,861. As of June 5, KULR holds a total of 920 bitcoins, with a total investment of about $91 million, and a year-to-date bitcoin yield of 260%.
BitMine purchased 100 Bitcoins for the first time as a start of the company's reserve strategy
According to GlobeNewswire, BitMine Immersion Technologies announced that it has purchased 100 bitcoins on the open market with funds from its recent stock offering, officially launching its bitcoin reserve strategy. The company said it will continue to increase its holdings of bitcoin in the future as a long-term investment and core business pillar.
Tether plans to open source Bitcoin mining operating system MOS in Q4 2025
According to Tether CEO Paolo Ardoino, Tether is promoting the open source plan of Bitcoin mining operating system MOS, which is expected to be launched in the fourth quarter of 2025. MOS has modularity, IoT architecture and high scalability, and supports deployment from Raspberry Pi to millions of mining machines. It aims to provide a platform for small and medium-sized mining companies to compete fairly with listed companies and reduce dependence on third-party software. In the future, it will also integrate Tether's AI analysis tool QVAC.
Binance: Holders of 198 or more Alpha points can claim 61 SERAPH airdrops
According to Binance's announcement, Seraph (SERAPH) has been launched on the Alpha platform. Starting from 20:00 (UTC+8) on June 9, users with more than 198 Alpha points can apply for 61 SERAPH airdrops on the Alpha Events page. The application must be completed within 24 hours and no points will be deducted.
Strategy purchased 1,045 bitcoins last week, spending $110 million
According to the Form 8-K filed by the company, Strategy (formerly MicroStrategy) purchased 1,045 BTC for approximately $110.2 million between June 2 and June 8, with an average price of $105,426. As of June 8, the company held a total of 582,000 bitcoins, with a total investment of approximately $40.79 billion and an average purchase price of $70,086.
ProShares and Bitwise apply to launch double-leveraged and yield-based CRCL ETF tracking Circle
According to Bloomberg analyst Eric Balchunas, Circle Internet Group (CRCL), which just went public last Thursday, will have two ETFs based on its stocks: ProShares plans to launch the Ultra CRCL ETF with 2x leverage, and Bitwise plans to launch the CRCL Income ETF based on the Covered Call strategy. Both are expected to take effect on August 20, 2025.
Japanese Fashion Brand ANAP Plans to Hold More Than 1,000 Bitcoins by August
ANAP Lightning Capital, a subsidiary of Japanese fashion brand ANAP, has launched a "Bitcoin business" and plans to strategically hold more than 1,000 BTC as part of financial reinforcement by the end of August 2025. The company will also carry out BTC trading, related products and technology businesses, and is committed to building a world-leading Bitcoin integrated enterprise.
Australia seizes $123 million in crypto money laundering case, four charged
The Australian Federal Police conducted 14 raids in Brisbane and the Gold Coast from June 5 to 6, jointly with multiple departments, and smashed a money laundering network that allegedly converted $190 million in cash into crypto assets through an armored cash transport company. The company involved is suspected of covering up the source of funds through cryptocurrencies, antique car transactions and shell companies. Four people were charged in the case, including a Brisbane man suspected of laundering $9.5 million. A total of $170,000 in crypto assets, 17 properties, crypto wallets of crypto devices, and business records and documents related to the suspected money laundering scheme were seized, and the case is still under investigation.
Tether mints $1 billion in new USDT on Tron chain for inventory replenishment
According to Whale Alert monitoring, at 17:21 Beijing time, Tether Treasury minted $1 billion in new USDT on the Tron chain. Tether CEO Paolo Ardoino said that the transaction was a replenishment of inventory and was of the "authorized but unissued" type for future issuance requests and on-chain redemption.
