Today's news tips:
1. Invesco and Galaxy jointly register Solana spot ETF trust
2. Trump submitted his first financial report during his term, earning $57 million through his family's cryptocurrency company
3. A user was suspected of purchasing a tampered "cold wallet" on Douyin, and about 50 million yuan of encrypted assets were stolen
4. Binance Alpha changes airdrop rules, will be distributed in two phases starting from June 19
5. a16z leads $33 million seed round for Yupp to build a decentralized AI evaluation platform
6. DRW Investments bought about $100 million worth of Trump Media & Technology Group shares
7. US SEC approves Trump Media and Technology Group’s Bitcoin Treasury Agreement Registration Statement
8. Ethereum spot ETF had a net outflow of $2.176 million yesterday, ending the 19-day streak of net inflow
Regulatory/Macro
Invesco and Galaxy jointly register Solana spot ETF trust
According to information from the Delaware State Registry of Companies, Invesco Galaxy Solana ETF was officially registered and established in Delaware on June 12, 2025. The entity type is a statutory trust (Statutory Trust), and the registered address is 251 Little Falls Drive, Wilmington. CSC Delaware Trust Company serves as the registered agent.
Gotbit founder sentenced to 8 months in prison for fake trading case, company suspended for 5 years
Gotbit founder Aleksei Andriunin was sentenced to eight months in prison by the Massachusetts Federal Court for manipulating the crypto market through fake transactions, with an additional year of supervised release. Gotbit was also sentenced to five years of probation, during which time all operations will be suspended. Prosecutors pointed out that Gotbit has created fake trading volumes for many crypto projects since 2018 to manipulate coin prices and promote listings, with cumulative trading volume reaching tens of millions of dollars.
Indian official: Tax department investigating cryptocurrency tax evasion
Indian official: Tax department is investigating cryptocurrency tax evasion.
According to Jinshi, citing the New York Post, US President Trump submitted his first public financial disclosure report during his term. The publicly disclosed financial report shows that his underlying assets include cryptocurrency wallets holding tokens of his family business World Liberty Financial, with a value of $15.75 billion. Trump earned $57 million from his family's cryptocurrency company, and other aspects including guitars, sneakers, watches and books brought him a seven-digit income (millions of dollars).
Grayscale, VanEck and other SOL ETF issuers have filed updated S-1 filings
Investment firms Franklin Templeton, Galaxy Digital, and VanEck filed updated S-1s, and Grayscale also filed an updated document and disclosed its announcement of a 2.5% fee on potential funds. Fidelity also filed an S-1 for its Solana fund on Friday, marking Fidelity’s first S-1 filing for a Solana spot ETP.
Earlier this week, the U.S. SEC had approached several potential Solana ETF issuers, asking them to update their S-1 filings. Bloomberg ETF analyst Eric Balchunas said at the time that this indicated that the agency was more likely than before to approve some of these products, which means that the launch time of the spot SOL ETF is about two to four months.
US SEC approves Trump Media and Technology Group’s Bitcoin Treasury Agreement Registration Statement
Trump Media & Technology Group (DJT) announced that the previously submitted S-3 registration statement has been approved by the U.S. SEC. The statement involves the debt and equity financing agreement reached between the company and about 50 investors, with a total fundraising amount of about US$2.3 billion, which is one of the largest Bitcoin treasury transactions for a listed company to date. The funds will be used to establish a Bitcoin treasury and general corporate purposes, and to register 56 million shares and 29 million convertible notes. The document also contains a general shelf registration to provide flexibility for subsequent capital operations.
Earlier news , Trump Media Group registered up to $12 billion in new securities in a new S-3 filing, which can be used to purchase Bitcoin.
White House rejects CLARITY Act restrictions on cryptocurrency conflicts of interest
According to multiple people familiar with the matter, bipartisan U.S. lawmakers proposed to add conflict of interest restrictions to the CLARITY Act (Crypto Market Structure Act) to prohibit senior politicians (such as the president, but also the vice president, members of Congress or their families) from engaging in cryptocurrency business while in office to address concerns about the use of cryptocurrencies for profiteering. A person familiar with the matter said that both parties proposed wording similar to existing campaign funds and financial disclosure regulations in good faith so as not to be seen as a direct condemnation of President Trump's many cryptocurrency business activities. However, the White House rejected the proposal at a critical stage of the negotiations, saying it would not accept the proposed wording of the CLARITY Act, and the negotiations stalled.
Viewpoint
Cardano founder proposes to exchange $100 million ADA for BTC and stablecoins to revitalize DeFi
In a live broadcast, Charles Hoskinson, founder of Cardano, proposed to use $100 million of ADA in the treasury to exchange for Bitcoin and stablecoins (USDM, USDA) to increase the proportion of stablecoins on the chain and the DeFi ecosystem. He said that this move would not impact the ADA market and refuted liquidity concerns. Currently, stablecoins on the Cardano chain only account for about 10% of TVL, which is far lower than the scale of Solana's stablecoin ecosystem. This proposal is inconsistent with the view previously emphasized by Frederik Gregaard, CEO of the Cardano Foundation, that "TVL is not a key indicator."
SlowMist Technology Chief Information Security Officer (CISO) 23pds posted on the X platform that a user was suspected of purchasing a tampered "cold wallet" on Douyin, resulting in the theft of about 50 million yuan in crypto assets. The private key was stolen at the moment it was generated, and the funds were transferred through the "Huiwang" platform. 23pds reminded that the purchase of cold wallets must be done through official and formal channels. 99% of the so-called "new and unopened" and "special price flash sale" cold wallets on the Internet are fake and may have been tampered with.
In response, Yu Xian said that the incident resulted in the theft of about 6.5 million US dollars. The scam routines related to hardware wallets always make some big investors fall into the trap. This time it was a scam centered around the Ledger hardware wallet.
Kaito AI founder: More than $90 million worth of tokens have been distributed to holders and users
Yu Hu, founder of Kaito AI, tweeted that a total of more than $90 million worth of tokens have been distributed to coin holders and users. The more value the network helps distribute, the more value the network captures, and the more improvements and innovations there will be.
Project News
Binance Alpha now lists SGC (SGC)
The APP page shows that Binance Alpha has launched SGC (SGC).
Roam (ROAM) listed on Binance Alpha
According to Binance's announcement, the ROAM project has been launched on Binance Alpha. Starting from 21:00 (UTC+8) on June 13, 2025, users with at least 247 Alpha points can apply for 372 ROAM airdrops on the Alpha event page, which consumes 15 points and needs to be confirmed within 24 hours. The platform will also launch a ROAM trading competition with a prize pool of up to 4.92 million ROAM tokens.
Binance Alpha Lists Degen (DEGEN)
According to the official announcement, Binance Alpha has launched Degen (DEGEN). Eligible Binance users with at least 245 Binance Alpha points can apply for an airdrop of 13,862 DEGEN tokens on the Alpha event page starting at 15:00 on June 14th, 2020. Applying for the DEGEN airdrop will consume 15 Binance Alpha points. Users need to complete the application within 24 hours after the application is opened, otherwise it will be deemed to have given up the airdrop.
Binance Alpha changes airdrop rules, distribution will be in two phases starting from June 19
According to Binance's official announcement, starting from June 19, Binance Alpha airdrops will be distributed in two phases: Phase 1: Users who meet the score requirement (X) can receive it first, and everyone will have a share; Phase 2: The threshold is lowered to Y (Y < X), first come first served, until the prize pool is distributed or the event ends.
Tornado Cash co-founder Roman Storm is raising funds for his defense in a trial set to begin in New York on July 14. The Ethereum Foundation announced a $500,000 donation and pledged to match community donations up to $750,000. The foundation said "privacy is normal and writing code is not a crime."
Important data
According to on-chain analyst Yu Jin’s monitoring, “a giant whale/institution that made a profit of $30.45 million through two ETH waves” spent another 10 million USDC to purchase 3,875 ETH an hour ago. In the past three days, this giant whale/institution has spent a total of 186 million USDC to buy 70,465 ETH, with an average price of $2,647.7. It currently still holds 150 million USDC.
According to Lookonchain monitoring, 3 hours ago, a whale/institutional address (possibly related to ConsenSys) purchased another 5,463 ETH (worth $14 million) through over-the-counter (OTC) transactions. In the past two weeks, the whale/institution has received a total of 166,199 ETH (worth $435 million), with an average cost of approximately $2,618.
According to SoSoValue data, yesterday (June 13, Eastern Time), the total net outflow of Ethereum spot ETF was US$2.176 million.
The Ethereum spot ETF with the largest single-day net inflow yesterday was the Grayscale Ethereum Mini Trust ETF ETH, with a single-day net inflow of US$6.6691 million. The current total net inflow of ETH in history has reached US$735 million.
The Ethereum spot ETF with the largest daily net outflow yesterday was the Fidelity ETF FETH, with a daily net outflow of US$8.8451 million. Currently, FETH's total historical net inflow has reached US$1.594 billion.
As of press time, the total net asset value of the Ethereum spot ETF was US$10.03 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) was 3.26%, and the historical cumulative net inflow has reached US$3.855 billion.
Institutional holdings
SharpLink Gaming spent $463 million to purchase 176,271 ETH, becoming the largest listed coin holder
According to the announcement of SharpLink Gaming (NASDAQ: SBET), the company purchased 176,271 ETH at an average price of about $2,626 for approximately $463 million, becoming the world's largest listed ETH holder, second only to the Ethereum Foundation. Currently, more than 95% of the company's assets have been used for pledge or liquid pledge to obtain income.
Brazilian listed company Méliuz raises $32.5 million to expand Bitcoin holdings
According to Bitcoin Magazine, Brazilian listed technology company Méliuz announced that it has completed US$32.5 million in financing, and the funds will be used to increase its holdings of Bitcoin.
Investment and Financing
a16z leads $33 million seed round in Yupp to build a decentralized AI assessment platform
According to the official website, a16z announced that it led the $33 million seed round of Yupp, a platform combining AI and encryption. Yupp allows users to evaluate the results generated by multiple models of AI, and the selected preferences will generate signed data packets for model fine-tuning and evaluation. Users can be rewarded for contributing feedback, and the data is timely to maintain the vitality of the system. Yupp was co-founded by former executives of Twitter, Google, and Coinbase. It aims to build a "trustless" AI feedback market and become the default evaluation layer for future AI models.
DRW Investments buys about $100 million of Trump Media & Technology Group shares
According to the Financial Times, DRW Investments, an investment company owned by US financial tycoon Don Wilson, bought about 4 million shares of Trump Media Technology Group, worth about $100 million, becoming one of the top investors in Trump Media Technology Group's cryptocurrency bets. But its competitor Jane Street is the largest investor in Trump Media Technology Group's cryptocurrency bets, and has invested about $375 million. DRW Investments is a major institutional player in the field of crypto assets. It hopes that the Trump administration will rethink the regulatory authority of the US securities industry and has previously called for the establishment of a new regulatory agency to replace the US SEC and the Commodity Futures Trading Commission.
