Important information from last night and this morning (June 16-June 17)

A-share stablecoin concept is active again and again, Chuangshi Technology rises by 20CM

The concept of stablecoin in A-shares has been active repeatedly, with Chuangshi Technology hitting the daily limit of 20CM, followed by Xin Guodu, Sifang Jingchuang, China Media Capital, Hengbao Holdings, and Beijing North.

U.S. stocks closed: Circle rose 13.1%, Coinbase rose 7.77%

At the close of U.S. stocks on Monday, the Dow Jones Industrial Average initially closed up 0.77%, the S&P 500 rose 0.9%, and the Nasdaq rose 1.5%. Nvidia (NVDA.O) rose 1.9%, and cryptocurrency stocks rose across the board, with Circle (CRCL.K) up 13.1% and Coinbase (COIN.O) up 7.77%.

After two years of dormancy, the old Ethereum wallet sold 501 ETH again, and still holds 8052 ETH

According to Lookonchain monitoring, an early Ethereum address that had been silent for two years sold 501 ETH again an hour ago, equivalent to about $1.29 million. Currently, the address still holds 8,052 ETH, with a market value of about $20.43 million.

US media: US officials said the US will not take the initiative to join Israel's military operations

According to a senior White House correspondent for CBS News, U.S. officials said the United States would not take the initiative to join Israel's military action. Despite reports that Trump asked the National Security Council (NSC) and the Situation Room to be on standby, NSC cabinet members have reportedly been on 24-hour alert since the start of Israel's "Operation Lion's Power."

"AI Godfather" Hinton warns: Superintelligence may destroy humanity through biological warfare

Artificial intelligence pioneer and "AI Godfather" Geoffrey Hinton recently issued the most severe warning in the podcast "Diary of a CEO", saying that super-intelligent AI may think that humans are no longer necessary and launch biological warfare through cyber attacks, automatic weapons, and even designing new viruses to "silently eliminate us." Hinton said that the threat of AI comes from both human abuse and AI's autonomous decision-making, and driven by profit and national competition, there is almost no possibility of slowing down the development of AI.

JPMorgan Chase applies for "JPMD" trademark, may launch US dollar stablecoin and crypto trading services

According to Watcher.Guru, JPMorgan Chase has applied for the "JPMD" trademark for cryptocurrency trading and payment services, which may indicate that it will launch a stablecoin denominated in US dollars, JP Morgan Dollar. The new trademark covers functions such as crypto asset trading, payment, and custody. Previously, the bank has opened Bitcoin purchase channels to customers and accepted crypto ETFs as loan collateral. Although CEO Jamie Dimon once called Bitcoin a "Ponzi scheme," the bank is now rapidly embracing crypto finance.

Polyhedra releases preliminary incident report: The crash was caused by a chain reaction caused by a coordinated liquidity attack on the chain

According to the official release of Polyhedra, the ZKJ token plummeted by more than 85% on June 15. Preliminary investigations pointed out that it was a chain reaction caused by a coordinated liquidity attack on the chain. Multiple addresses quickly dumped ZKJ after large withdrawals from PancakeSwap, causing an imbalance in the price of the KOGE/ZKJ pool. At the same time, Wintermute transferred a large amount of about 3.39 million ZKJ to the centralized exchange (CEX) in a short period of time, exacerbating the selling pressure. More than $94 million was forced to close in CEX, further triggering a waterfall-like decline. Polyhedra said that the team did not sell ZKJ, but only participated in liquidity provision, and will release a more detailed analysis later.

The U.S. Senate will hold a final vote on the GENIUS Act at 4:30 a.m. tomorrow.

According to Eleanor Terrett and Senate Cloakroom, the U.S. Senate will hold a final vote on the GENIUS Act (S.1582) at 4:30 a.m. Beijing time on June 18 (4:30 p.m. Eastern Time on June 17). The bill has completed the amendment process and will be sent to the House of Representatives for deliberation if passed. This is the last round of voting for the bill in the Senate.

Arthur Hayes: Stablecoin craze pushes up listing valuations, distribution channels become the key to success

Arthur Hayes, co-founder of BitMEX, published a new article titled "Assume the Position" pointing out that the success of stablecoin issuers depends on whether they have distribution channels through crypto exchanges, social media platforms or traditional banks. Tether has established a strong network effect due to its early roots in Greater China and deep integration with Bitfinex. Although Circle distributes USDC with the help of Coinbase, it is still at a disadvantage. With Meta, X, Google and other companies planning to issue their own stablecoins, market competition is becoming increasingly fierce. Hayes warned investors that new issuers who lack channels will find it difficult to maintain high valuations even if they successfully go public, and may eventually return to zero.

US media: OpenAI and Microsoft's partnership is in jeopardy

According to the Wall Street Journal, OpenAI and Microsoft (MSFT.O) are increasingly at loggerheads over the future of their AI partnership. The startup is trying to break free from Microsoft's control over its AI products and computing resources and win the tech giant's support for its transformation into a for-profit company. Microsoft's approval is crucial to whether OpenAI can raise more funds and go public. But people familiar with the matter said that the negotiations were so difficult that in recent weeks, OpenAI executives discussed what they considered to be a key option: accusing Microsoft of anti-competitive behavior during the cooperation. This may include asking federal regulators to review whether the terms of the contract violate antitrust laws, while launching a public opinion offensive. This move may jeopardize the six-year partnership between the two parties. People familiar with the matter said that Microsoft and OpenAI have reached an impasse in negotiations on equity in the startup company after the transformation of the tech giant. Microsoft's required shareholding ratio in the new company is far greater than the share OpenAI is willing to give up. OpenAI must complete the transformation by the end of the year, otherwise it may face the risk of losing $20 billion in financing.

Coinbase International will launch RESOLV perpetual contracts

According to the official announcement, Coinbase International Exchange and Coinbase Advanced will launch the RESOLV perpetual contract at 17:30 Beijing time on June 19, 2025.

Publicly traded company Davis Commodities to buy $12 million worth of Bitcoin

According to Globenewswire, Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based agricultural product trader, announced that it would allocate 40% of the $30 million in financing ($12 million) to Bitcoin reserves in stages, with an initial investment of $4.5 million. In addition, the company will use 50% of the financing ($15 million) for the tokenization of agricultural physical assets (RWA), involving commodities such as sugar and rice; the company expects the business to generate $50 million in annual revenue within two years. The remaining 10% of the funds will be used for digital infrastructure and security system construction.

In the past 24 hours, the total network contract liquidation was 214 million US dollars, mainly long orders

According to Coinglass data, the cryptocurrency market had a total of $214 million in liquidation in the past 24 hours, including $146 million in long orders and $67.6119 million in short orders. The total amount of BTC liquidation was $52.4643 million, and the total amount of ETH liquidation was $70.0709 million.

US SEC confirms receipt of TRUTH SOCIAL spot Bitcoin ETF application

According to market news, the U.S. Securities and Exchange Commission (SEC) confirmed that it has received the application for TRUTH SOCIAL spot Bitcoin ETF.

Jupiter DAO members criticize the project team for having too much voting power, which affects decentralization

According to DL News, the DAO governance structure of Jupiter, the Solana ecological exchange, has caused controversy. Anonymous member Thisisfun pointed out that the team overly influenced the voting results and decentralized governance structure through the JUP governance tokens held (accounting for 20% of the total supply). Co-founder Ming Ng responded in the forum that the two founders will not participate in the vote, but the third anonymous founder will retain the right to vote. Previously in March, the team proposed to obtain 220 million JUP from the community reserve as a bonus. Although the tokens held by the Jupiter team are in a lock-up period, they can still be used for governance voting. In the most recent proposal, the votes of a single team wallet accounted for 4.5%.

Solana Co-founder: Cardano's plan to exchange $100 million of ADA for Bitcoin and stablecoins is "extremely stupid"

According to CryptoSlate, Solana co-founder Anatoly Yakovenko publicly opposed Cardano's proposal to convert $100 million in treasury funds into Bitcoin and stablecoins, calling the decision "extremely stupid." Yakovenko said the project only needs to hold 18-36 months of short-term government bonds as emergency funds, questioning "why Bitcoin should be held for users." The dispute stems from a proposal by Cardano founder Charles Hoskinson on June 14 to enhance the liquidity of its DeFi ecosystem stablecoins. The community is worried that a large-scale sell-off of ADA will impact the price of the currency. Hoskinson argued that the market depth is sufficient to absorb the selling pressure, and pointed out that the current size of stablecoins on the Cardano chain is only $33 million, which has endangered the development of the ecosystem. The proposal will be submitted at the "Rare Evo Annual Event."

Binance: Starting June 17, trading volume between Alpha tokens will not be counted towards Alpha points

According to the official announcement of Binance, starting from 08:00 (Eastern Time) on June 17, 2025, the trading volume of trading pairs between Binance Alpha tokens and Binance Alpha tokens will no longer be counted in Binance Alpha points, and their LP (liquidity pool) balance will not be counted in Binance Alpha points. Their trading volume will not be included in the trading competition and will not be used as a basis for ranking; this rule applies to the current and all future trading competitions.

Beat Holdings' major shareholder proposes to raise up to 799 billion yen through financing to purchase more than 50,000 bitcoins

Beat Holdings, a Japanese listed company, announced today that it has received a formal proposal from Atari Group, a shareholder holding 33.3% of the shares. The main contents of the proposal include: It is recommended that the company raise funds by issuing 5,400 floating exercise price warrants (MSW), with an exercise price of 92.5% of the market price and a term of 2 years. The actual amount of funds raised depends on the market price of Beat when the MSW is exercised. If calculated based on the current share price of 726 yen, it is expected to raise 36.2 billion yen, of which 35.4 billion yen will be used to increase Bitcoin holdings. If calculated based on the highest share price of 16,000 yen, the amount of financing can reach 799.2 billion yen, which can purchase 53,227 bitcoins. The company responded that the 7.5% discount rate was too high and other financing options would be evaluated. Media cooperation matters will be further discussed with Atari. The announcement shows that the company has begun to invest in Bitcoin ETFs, but said that continued holdings require more financial support.

Entertainment company SRM plans to sign a $100 million equity financing agreement to launch a TRX token reserve strategy and change its name to Tron Inc.

According to Globenewswire, entertainment company SRM Entertainment, Inc. (NASDAQ: SRM) announced that it has signed a securities purchase agreement ("SPA") with a private investor in the form of a $100 million equity investment, which SRM will use to launch a TRON token (TRX) treasury strategy. In addition, Sun Yuchen, founder of the TRON blockchain, has been appointed as an advisor to the company. In addition, the company plans to change its name to Tron Inc. If all warrants are exercised, the value of this strategic investment will reach $210 million.

Truth Social Bitcoin and Ethereum ETFs have filed registration statements with the SEC

According to Jinshi.com, the Truth Social Bitcoin and Ethereum ETF has submitted a registration statement to the U.S. Securities and Exchange Commission (SEC).

Market News: TRON plans to set up a company similar to MSTR with Eric Trump

According to market news, in addition to the listing plan, Tron also plans to establish a company similar to MSTR with Eric Trump. The new company plans to purchase and hold TRON.

Financial Times: Tron to seek IPO after US suspends investigation into its founder

Cryptocurrency group Tron will seek to go public after the United States suspended an investigation into its founder, the Financial Times reported.

Strategy spent about $1.05 billion last week to increase its holdings of 10,100 bitcoins

According to official news, Strategy (formerly MicroStrategy) spent about $1.05 billion to purchase 10,100 bitcoins at a price of about $104,080 per bitcoin from June 9 to June 15, and its bitcoin yield has reached 19.1% from the beginning of 2025 to date (YTD). As of June 15, 2025, the company holds 592,100 bitcoins, with an average purchase price of about $70,666, and a total cost of about $41.84 billion.

The total supply of SPK tokens is 10 billion, of which Binance HODLer airdrop tokens account for 2%

Binance announced the details of the SPK HODLer airdrop. The total supply and maximum supply of SPK Genesis tokens are both 10 billion, and the total number of HODLer airdrop tokens is: 200 million SPK (accounting for 2.00% of the maximum total supply of tokens). An additional 50 million SPK will be allocated to marketing activities when the spot is listed; detailed rules will be announced separately, and the circulating supply at the time of listing on Binance is 1.7 billion SPK (accounting for 17.00% of the maximum supply of tokens).

Binance HODLer Airdrop Now Available for the 23rd Spark (SPK) Project

According to the official announcement, Binance HODLer airdrops are now live on the 23rd project Spark (SPK), an on-chain asset allocator that can intelligently deploy capital between DeFi, CeFi and RWA. From 08:00 on June 10, 2025 to 07:59 on June 14, 2025 (Eastern Time 8), users who use BNB to subscribe for guaranteed capital earning (regular and/or current) or on-chain earning products will receive airdrop allocations. HODLer airdrop information is expected to be available within 12 hours, and the new tokens will be distributed to users' spot wallets at least 1 hour before trading begins. Binance will list SPK at 17:00 on June 17, 2025 (Eastern Time 8), and open trading pairs for USDT, USDC, BNB, FDUSD and TRY, subject to seed tag trading rules. SPK recharge channels will be open in 1 hour. *Please note that SPK will be listed and traded during the Binance Alpha event (time to be announced separately), but after spot trading is opened, SPK will no longer be displayed on Binance Alpha.

The amount of ETH bought by Ethereum whales in a single day reached the highest level since 2018

According to Cointelegraph, Glassnode data shows that as of June 15, whale addresses holding 1,000 to 10,000 ETH increased their holdings by 818,400 ETH (about $2.5 billion) in a single day, setting a record for the highest daily inflow for this group in more than six years. As of June 15, these addresses (usually associated with funds, early adopters, and whales) held a total of more than 16 million ETH, compared with 11.87 million ETH nearly a year ago.

CoinShares has submitted S-1 documents related to Solana spot ETF to the US SEC

Bloomberg ETF analyst Eric Balchunas disclosed that CoinShares has submitted the S-1 document related to Solana spot ETF to the US SEC, and the number of institutions participating in the competition for Solana spot ETF is suspected to have reached 8. Earlier on June 11, it was reported that COINSHARES SOLANA ETF was registered in Delaware.

Binance Alpha to List Spark (SPK)

According to the official announcement, Binance Alpha will list Spark (SPK). The trading opening date is June 17, and the specific time will be announced later. Eligible users need to use Binance Alpha points to claim the airdrop on the Alpha event page. The event page and details will be launched on June 17.

ZachXBT: ZEUS project team once operated Darkpool, a market maker that manipulated the market

On-chain detective ZachXBT issued a reminder that the owner of the Meme coin project ZEUS once operated a market-making company called Darkpool, and they openly promoted chart manipulation, spoofing and other behaviors in their roadshow materials. Earlier today, it was reported that James Wynn purchased 2.446 trillion ZEUS tokens with 39 ETH.

KuCoin Launches $2 Billion Trust Plan to Build a Governance System with KCS Tokens as the Core

According to the official announcement, KuCoin CEO BC Wong issued an open letter announcing the launch of a $2 billion "Trust Plan". The new plan will integrate AI risk prediction and blockchain real-time audit technology, and build a governance and reward system with KCS tokens as the core. The announcement emphasized the security construction achievements in the past five years: SOC 2 Type II certification and ISO 27001:2022 certification in 2025, holding 5 regulatory licenses and applying for EU MiCAR license.

Binance Wallet Exclusive TGE 24th Phase to Launch Bombie (BOMB)

According to the official announcement, Binance Wallet exclusive TGE 24 will launch Bombie (BOMB). The subscription time is from 4:00 pm to 6:00 pm (UTC+8) on June 17, 2025. Subscription qualifications: Eligible users must use Binance Alpha Points to participate. An additional 50,000,000 BOMB will be used for future activities, and specific details will be announced separately.

Binance Alpha has launched Ultiverse (ULTI), and you can claim the airdrop if you have at least 242 points

According to the official announcement, Binance Alpha is now listed on Ultiverse (ULTI). Users with at least 242 Binance Alpha points can claim an airdrop of 2,543 ULTI tokens on the Alpha event page starting at 18:00 on June 16, 2025. This airdrop does not consume points.

Upbit will list HAEDAL in BTC and USDT markets

PANews reported on June 16 that according to the official announcement, South Korean cryptocurrency exchange Upbit will launch HAEDAL in the BTC and USDT markets, and trading will start at 21:00 (UTC+9) on June 16 (estimated).

Upbit to List ALT in KRW, USDT Markets

PANews reported on June 16 that according to the official announcement, South Korean cryptocurrency exchange Upbit will launch ALT in the Korean won and USDT markets, and trading will start at 19:00 (UTC+9) on June 16 (estimated).

Market News: TRON plans to set up a company similar to MSTR with Eric Trump

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