Today's news tips:
The largest attack in 48 hours, the Israeli army said Iran launched more than 20 missiles at Israel
DWF Labs transferred $45 million USDT to ASI Alliance 9 hours ago
Israeli hacker group attacks Iranian crypto exchange and burns $90 million in crypto assets
OKX will launch SAHARA (Sahara AI) on June 26
Binance Alpha to List Redbrick (BRIC) on June 21
Fetch.ai to launch $50 million FET token buyback program
Regulatory/Macro
According to Korean media reports, the Financial Services Commission of South Korea plans to investigate the fee levels of major domestic crypto asset exchanges to assess whether the current fees are too high a burden on users and explore the need for policy intervention. This investigation is one of the specific steps to implement President Lee Jae-myung’s promise to “reduce crypto asset transaction fees” during his campaign. The Financial Services Commission revealed in the work report of the National Policy Planning Committee that the investigation will cover
Canadian listed company SOL Strategies Inc (CSE: HODL) has submitted a Form 40-F registration statement to the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq Capital Market under the ticker "STKE". As previously reported, SOL Strategies holds 420,355 SOL tokens.
The largest attack in 48 hours, the Israeli army said Iran launched more than 20 missiles at Israel
On the morning of the 19th local time, the Israeli Homeland Defense Command announced that it had detected missiles being fired from Iran towards Israel. The Homeland Defense Command asked the public to evacuate to shelters as soon as possible. Preliminary statistics from Israel showed that this round of attacks was the largest round of attacks launched by Iran in 48 hours, using more than 20 missiles. It is reported that at least one missile landed in the central and southern regions of Israel, and there are no reports of casualties so far.
According to Eleanor Terrett, the U.S. House of Representatives is considering advancing the market structure legislation CLARITY Act and the stablecoin bill GENIUS Act in parallel to meet the August legislative deadline set by Trump.
UK to introduce restrictive banking crypto asset regulation rules
According to CoinDesk, David Bailey, executive director of prudential policy at the Bank of England, said that the UK plans to introduce stricter regulatory rules on bank crypto asset exposure by 2026 to maintain financial stability. The proposal will adopt the Basel Committee's recommendations and may limit exposure to highly volatile assets such as Bitcoin to less than 1%. Bailey said in London that it is more appropriate to take a more conservative approach to bank crypto risks at this stage.
U.S. stocks closed: the three major stock indexes rose and fell, and Circle rose 34%
At the close of US stocks on Wednesday, the Dow Jones Industrial Average initially closed down 0.1%, the S&P 500 fell 0.03%, and the Nasdaq rose 0.13%. Circle (CRCL.N) closed up 34.25%, with its share price exceeding $200. Coinbase (COIN.O) rose 16.32%.
The Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, remaining unchanged for the fourth consecutive meeting, in line with market expectations. The Fed's dot plot shows that two interest rate cuts are expected in 2025. (Two were expected in March) The Fed's dot plot shows that among the 19 officials, 7 officials believe that there will be no interest rate cuts in 2025 (4 in March), 2 officials believe that the cumulative interest rate cut should be 25 basis points in 2025, that is, one interest rate cut (4 in March), 8 officials believe that the cumulative interest rate cut should be 50 basis points in 2025, that is, two interest rate cuts (9 in March), and 2 officials believe that the cumulative interest rate cut should be 75 basis points in 2025, that is, three interest rate cuts (2 in March).
Viewpoint
Economic Daily published an article: There are unstable risks behind stablecoins
China Economic Net's Economic Daily published an article today titled "There are Unstable Risks Behind Stablecoins", saying that the stablecoin market has continued to heat up recently, and Circle's 168% surge on its first day of listing has attracted great attention from the market. The current global stablecoin market value has reached 250 billion US dollars, an increase of more than 11 times in five years, and USDT's market share exceeds 60%. Experts pointed out that stablecoins integrate encryption transparency and legal currency stability, and have both payment and hedging functions, attracting institutional layout. However, at the same time, its high dependence on anchored assets, transparency differences, and regulatory lags still exist, and the risk of decoupling and repayment pressure cannot be ignored. Future regulatory coordination and technical interoperability will determine its global prospects.
Project News
Binance Alpha to List Redbrick (BRIC) on June 21
Binance announced that its platform Binance Alpha will launch Redbrick (BRIC) on June 21, and the specific trading start time is to be announced. Eligible users need to use Binance Alpha Points to claim the airdrop rewards on the Alpha Events page. This airdrop event is divided into two phases: in the first phase, users who meet the Alpha Points threshold X can claim the airdrop within the specified time; in the second phase, the threshold will be lowered to Y (Y is less than X), and users can claim it on a first-come, first-served basis until the airdrop pool is distributed or the event ends.
The official account of Sahara AI posted "The ticker is $SAHARA" on the social platform today. Sahara AI may have entered the TGE countdown stage. As a decentralized AI infrastructure project, Sahara has previously completed the community distribution phase and attracted more than $74 million in pledged investments. More official information is yet to be announced.
Binance will perform wallet maintenance on BNB Smart Chain (BEP20) at 14:00 today
Binance will perform wallet maintenance on BNB Smart Chain (BEP20) at 14:00 (ET on June 19, 2025). To support this maintenance, Binance will suspend deposits and withdrawals of BNB Smart Chain (BEP20) at 13:55 (ET on June 19, 2025). The maintenance is expected to take 1 hour, and deposits and withdrawals will be automatically resumed after the maintenance is completed.
Bitcoin transaction fees as a percentage of miners’ rewards fell below 1%, hitting a three-year low
According to foreign media reports, as of mid-June, Bitcoin transaction fees accounted for only 0.96% of block rewards, the lowest level since January 2022. Although the BTC price has exceeded $100,000, the decline in on-chain transaction activity has led to a sharp drop in miners' transaction income. The current average transaction fee is only about $1.45, lower than the previous peak. Miners' income continues to be under pressure, and hash prices and fees have fallen, forcing some mining companies to sell BTC to maintain operations.
Upbit will list Raydium (RAY) on USDT and KRW markets
According to the official announcement, South Korean cryptocurrency exchange Upbit will launch Raydium (RAY) in the USDT and Korean won markets.
OKX will launch SAHARA (Sahara AI) on June 26
OKX announced that SAHARA (Sahara AI) will be launched soon. The specific schedule is as follows: SAHARA deposit function has been opened at 16:00 on June 19; the call auction will be held from 19:00 to 20:00 on June 26; SAHARA/USDT spot trading will officially open at 20:00 on June 26; the withdrawal function will be opened at 22:00 on June 26.
Fetch.ai to launch $50 million FET token buyback program
Fetch.ai CEO and founder Humayun Sheikh announced that the platform's utility has increased significantly due to the increased use of ASI1 and proxy platforms. He said that the current FET token is undervalued, and announced that the Fetch Foundation will launch a $50 million FET token buyback program on multiple exchanges, which will be supported by market makers. Earlier today, DWF Labs transferred $45 million to ASI Alliance 9 hours ago.
Important data
According to SoSoValue data, on June 18, Eastern Time, Bitcoin spot ETF recorded a net inflow of $390 million, achieving net inflow for the eighth consecutive day. BlackRock IBIT received a single-day inflow of $279 million, totaling $50.951 billion; Fidelity FBTC received an inflow of $104 million, totaling $11.497 billion. Grayscale GBTC had a net outflow of $16.3561 million, totaling $23.243 billion. The total net asset value of Bitcoin spot ETF is $127.425 billion, accounting for
Pantera’s associated wallet receives over $4.5 million in HYPE tokens from Nonco
According to Onchain Lens tracking data, a wallet associated with Pantera Capital received 117,032 $HYPE tokens from Nonco, with a total value of approximately US$4.5 million based on market value.
DWF Labs transferred $45 million USDT to ASI Alliance 9 hours ago
According to Lookonchain, DWF Labs transferred 45,000,000 USDT to the Artificial Superintelligence Alliance (the development organization of $FET) about 9 hours ago. Earlier, DWF Labs partners said that they had completed "the largest investment in the field of AI to date."
Israeli hacker group attacks Iranian crypto exchange and burns $90 million in crypto assets
The Israeli-linked hacker group Predatory Sparrow (Gonjeshke Darande) claims to have attacked Iran's largest crypto platform Nobitex, burning crypto assets worth about $90 million, and transferring the funds to a destruction address with anti-Iranian Revolutionary Guard slogans. The group said it would make Nobitex source code public (in six hours) and called it a "sanctions circumvention tool." The platform's website is currently offline.
According to monitoring by Ember, OKX completed the 28th OKB destruction in the past half hour, with the number of OKB destroyed this time being 42.437 million. As of now, OKX has destroyed a total of 213 million OKB, accounting for 71.2% of the total OKB (300 million).
Financing
The blockchain project TAC announced that it has raised a total of $11.5 million in seed and strategic rounds of financing, with the latest $5 million strategic round led by Hack VC. The project aims to provide EVM-compatible DeFi infrastructure for the TON and Telegram ecosystems, and plans to gradually open up functions through phased mainnet launches. TAC has specially developed a Telegram mini-application interface that allows traditional users to use DeFi services directly within the communication software.
Thousands and The Wildcard Alliance are jointly raising $9 million, led by Paradigm and others
Web3 protocol Thousands announced that it and its sister company, Web3 game development company The Wildcard Alliance, are jointly raising $9 million. Arbitrum Gaming Ventures and Paradigm jointly led this round of investment, and have raised $6.5 million so far, with the remaining financing expected to be completed within 60 days. The funds will be used to accelerate the development of an integrated ecosystem and realize innovative models of creator incentives and user acquisition through blockchain technology.
Nook, a crypto savings app founded by three former Coinbase engineers, has raised $2.5 million in funding from investors including Coinbase Ventures, defy.vc, and UDHC.
Nook aims to make it easier for non-crypto native users to increase their cryptocurrency holdings through services such as Aave, and aims to simplify the crypto lending process. Users only need to register with an email address to lend cryptocurrencies and earn returns through the partner platform Moonwell.
Institutional holdings
Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF), a British listed company, announced that it has purchased an additional 104.28 bitcoins according to its "Ten-Year Plan", with an average price of about $104,500 and a total of 8.108 million pounds. The company currently holds a total of 346.63 bitcoins, with a total investment of about 27.203 million pounds.
Fintech company BD Multimedia raises €1 million to launch “Bitcoin Vault” strategy
BD Multimedia ($ALBDM), a fintech company headquartered in Paris, France, successfully raised 1 million euros through the issuance of convertible bonds (OCA), officially launching the "Bitcoin Treasury Company" strategy. The funds raised will be invested 100% in Bitcoin, with a conversion price of 12 euros (48.1% premium over the current price), and the dilution rate will be controlled within 1%. The strategy has been approved by the French ACPR and PSAN regulators.
LGHL receives $600 million in financing from ATW Partners to launch HYPE Treasury
According to PRNewswire, Lion Group Holding (NASDAQ: LGHL) announced that it has received $600 million in financing from ATW Partners, which will be used to launch its on-chain treasury plan based on Hyperliquid (HYPE) and restart its crypto business. LGHL plans to use HYPE, Solana and Sui as core reserve assets, and plans to seek secondary listings on the Tokyo Stock Exchange and the Singapore Exchange in the future. The assets will be managed and pledged by BitGo.
