Nasdaq applies to the US SEC to add XRP, SOL, ADA, and XLM to the cryptocurrency index
According to Cryptotimes, Nasdaq submitted a rule change application to the U.S. Securities and Exchange Commission (SEC) on June 7, planning to include XRP, Solana (SOL), Cardano (ADA) and Stellar Lumens (XLM) in its crypto index benchmark. The adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), which plans to expand its tracking target from the original Nasdaq Crypto US Settlement Price Index (NCIUS) to the Nasdaq Crypto Index (NCI) covering 9 tokens. Currently, the NCI index includes 9 cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), but due to the current SEC regulations, the ETF can only hold BTC and ETH, resulting in tracking error risks. If approved, the ETF will be able to invest in all index component assets, and the final decision is expected to be made before November 2, 2025. This move may push the U.S. crypto ETF to take a key step towards diversification.
Defi App increases airdrop ratio from 5% to 10%
The decentralized application Defi App announced that it has completed the community vote and increased the airdrop ratio from 5% to 10%. Earlier news was that Binance Alpha platform will launch DefiApp (HOME) on June 10.
A whale transferred 4949.63 ETH to CEX after 4 years of silence
According to OnchainLens monitoring, a whale transferred 4,949.63 ETH (about 12.54 million US dollars) to Binance, Gate and MEXC after being silent for 4 years, and transferred 3,936.44 ETH (about 9.9 million US dollars) to another wallet.
Michael Saylor downplays quantum computing threat to Bitcoin
According to CoinDesk, Strategy founder Michael Saylor recently downplayed the threat of quantum computing to Bitcoin in an interview with CNBC, arguing that when the threat is imminent, the Bitcoin protocol can respond to potential risks through software upgrades. He said: "This is mainly a marketing trick for those who want to sell you the next quantum concept token. Google and Microsoft will not sell computers that can crack modern encryption technology because it will ruin Google and Microsoft - and also ruin the US government and banking system." There are currently multiple plans to study how to make Bitcoin Proof of Work (PoW) resistant to quantum attacks, including quantum-resistant encryption hardware developed by startups such as BTQ. A Bitcoin developer has submitted a BIP to suggest that wallet addresses be migrated to quantum-safe addresses through a hard fork. Saylor emphasized that the Bitcoin protocol is upgraded every year, and the greater security threat comes from phishing attacks. Saylor concluded: "Bitcoin is a protocol; its software is upgraded every year." He also believes that the biggest security threat facing Bitcoin is phishing. However, not everyone agrees with Saylor's point of view. A recent report by Presto Research pointed out that the encryption industry is "unprepared" for the upcoming quantum threat.
Biometric Project World will be launched in London, UK on June 12
According to CNBC, the biometric project World (formerly Worldcoin), co-founded by OpenAI CEO Sam Altman, will start operations in London, UK on June 12, and plans to expand to several other major cities in the UK in the coming months, including Manchester, Birmingham, Cardiff, Belfast and Glasgow. The project aims to use its Orb device to verify human identity and prevent fraudulent abuse of artificial intelligence systems such as deep fakes.
Bitcoin network transaction activity drops to lowest level since October 2023
According to The Block, the seven-day average transaction volume of the Bitcoin network fell to 317,000 last Friday, the lowest since October 2023. Data shows that only 256,000 transactions were confirmed in a single block on June 1, and many transactions with a standard fee rate of less than 1 sat/vB were packaged by miners, including an ultra-low fee transaction of 0.1 sat/vB submitted by Mononaut, the founder of Mempool (with a total fee of about US$0.01). The transaction was processed by the mining company MARA through a dedicated channel Slipstream after being stranded in the memory pool for a month. On June 6, 31 Bitcoin core developers jointly signed an open letter to oppose nodes filtering low-fee or non-standard transactions, emphasizing the essential attributes of Bitcoin as an anti-censorship system. Developers pointed out that forcing users to use private channels such as Slipstream will undermine the decentralized nature. This position was opposed by Samson Mow, the founder of Jan3, and others, who believed that core developers were removing protection mechanisms for spam transactions.
According to Token Unlocks data, APT, STRK, IMX and other tokens will be unlocked in large amounts next week, including: Aptos (APT) will unlock about 11.31 million tokens at 12:00 noon Beijing time on June 12, accounting for 1.79% of the current circulation and worth about 52.7 million US dollars Starknet (STRK) will unlock about 127 million tokens at 8:00 am Beijing time on June 15, accounting for 3.79% of the current circulation and worth about 16.6 million US dollars Immutable (IMX) will unlock about 24.52 million tokens at 8:00 am Beijing time on June 13, accounting for 1.33% of the current circulation and worth about 12.8 million US dollars Movement (MOVE) will unlock about 500 at 8:00 pm Beijing time on June 9 00,000 tokens, accounting for 1.96% of the current circulation and worth about $7.1 million BounceBit (BB) will unlock about 42.89 million tokens at 8:00 a.m. on June 12, Beijing time, accounting for 10.47% of the current circulation and worth about $4.6 million Delysium (AGI) will unlock about 69.03 million tokens at 8:00 a.m. on June 11, Beijing time, accounting for 4.00% of the current circulation and worth about $3.8 million Onyxcoin (XCN) will unlock about 296 million tokens at 8:00 a.m. on June 15, Beijing time, accounting for 0.88% of the current circulation and worth about $4.3 million Cookie DAO (COOKIE) will unlock about 13.88 million tokens at 8:00 a.m. on June 13, Beijing time, accounting for 2.54% of the current circulation and worth about $2.9 million io.net (IO) will unlock about 3.22 million tokens at 8:00 p.m. on June 11, Beijing time, accounting for 1.98% of the current circulation and worth about $2.5 million
Vitalik: AI is very useful in the field where I am a novice
Vitalik posted on the X platform: My experience with artificial intelligence is somewhat the opposite. In areas where I am an expert, artificial intelligence is of little help, but in areas where I am a novice, artificial intelligence is very useful (recent examples: writing native Android applications, learning the internal structure of Linux).
Jack Zhang, co-founder and CEO of cross-border payment unicorn Airwallex, published an article questioning the actual use of stablecoins. He said that even if the price of stablecoins is stable, if the recipient still requires the deposit in local currency (such as EUR), the cost of getting off the stablecoin is much higher than the traditional interbank foreign exchange market, making it difficult to save costs. In addition, Jack also bluntly stated that "I haven't seen any actual use cases for cryptocurrencies in 15 years", and said that "issuing currency is the responsibility of the central bank", and believed that stablecoins are only financial speculation tools.
Michael Saylor releases Bitcoin Tracker information again, or may disclose increased holdings data
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), once again released information related to Bitcoin Tracker, with the caption: "Send more orange dots." Usually, he will disclose Strategy's Bitcoin holdings data the day after releasing Bitcoin Tracker information.
Analysis: Bitcoin Core relay strategy statement sparks dissatisfaction in Bitcoin community
According to Cointelegraph, Bitcoin Core Project released a Bitcoin Core Development and Transaction Relay Strategy Statement yesterday, suggesting a hands-off approach to the use of the Bitcoin network, but this move has sparked strong dissatisfaction in the Bitcoin community, and analysts believe that it may lead to a split in the community: 1. Samson Mow, CEO of JAN3, said that Bitcoin Core developers have been gradually changing the network, but the statement "it's like this now, it's too bad" is inappropriate in itself; 2. Jameson Lopp, founder of Casa, said: Bitcoin Core developers are a group, and they said we can't force anyone to run code they don't like. Such a statement is like doing public relations, but when there is no unified message and it's just a group of independent developers making statements, such public relations performance is poor; 3. Bitcoin developer Carl Horton said: Bitcoin is a "coin", not a "bucket", nor a "store", or any general data storage, it is a peer-to-peer electronic cash system; 4. Bitcoin Core developer Luke Dashjr said: The transaction relay goals listed in the statement are basically wrong. Predicting which information will be mined is a centralized goal. The main goal of transaction relay is to predict Bitcoin transactions to be mined, and helping spam spread is harmful.
James Wynn's Bitcoin short position has a floating loss, and the total loss today is about $113.55
According to Lookonchain monitoring, after James Wynn received a referral reward of $481.42, he immediately opened a 40x short position in Bitcoin, but is currently in a floating loss state, with the current loss amount being approximately $113.55.
Four wallets deposited a total of 356,000 LINK to Binance in the past 24 hours
According to The Data Nerd, four wallets (or belonging to the same whale) deposited a total of 356,000 LINK to Binance in the past 24 hours. The whale accumulated these tokens from Kraken three years ago, with an average entry fee of about $7.03. If he sells all of them at the current price, he will realize a profit of about $2.43 million, with a return on investment of 97.3%.
According to China Times, Hong Kong Financial Services and Treasury Secretary Paul Hui previously stated in response to a question from a member of parliament that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors and will formulate robust risk management measures. According to China Times, citing analysts, based on international experience, in the early stages of the policy, it is expected that the Hong Kong derivatives market will pilot perpetual contracts for mainstream virtual assets such as Bitcoin and Ethereum. From an international practice perspective, many international institutions, including the Singapore Exchange (SGX), Coinbase, the U.S. Commodity Futures Trading Commission (CFTC), and the European MiFiDII regulatory framework, have prioritized perpetual contracts as an important direction for virtual asset derivatives.
James Wynn has opened a 40-fold short position in Bitcoin
According to on-chain analyst Yu Jin’s monitoring, James Wynn’s Ant position has closed its long position and opened a short position, losing $70 in commission income, and then used the remaining funds to open a 40x BTC short position.
A whale unstaked 50,017 SOL and transferred 50,000 SOL to Binance
According to Onchain Lens monitoring, a whale unstaked 50,017 SOL and transferred 50,000 SOL to Binance. The whale redeemed a total of 175,062 $SOL coins in the past two months, worth US$25.16 million. He had previously staked for four years.
