Today's news tips:
Data: Korean won crypto trading volume will reach $663 billion in 2025, second only to the US dollar
ZachXBT: Iranian Crypto Exchange Nobitex Suspected of Being Attacked by Hackers
Multiple crypto-related accounts including Pump.Fun and GMGN have been unfrozen
The US GENIUS Act was approved by the Senate, marking a historic step for stablecoin legislation
Regulatory/Macro
ZachXBT: Iranian Crypto Exchange Nobitex Suspected of Being Attacked by Hackers
Chain detective ZachXBT revealed that the Iranian cryptocurrency exchange Nobitex was suspected of being hacked, with a large number of suspicious withdrawals appearing on the Tron chain, with a cumulative amount of US$48.65 million.
According to The Block, Ark Invest once again sold $44.76 million worth of Circle (CRCL) shares on June 17, having sold $51.7 million the day before. This round of selling was completed by three ETFs, ARKK, ARKW and ARKF, with a total of 300,000 shares sold. Although CRCL closed down 1.26% to $149.15, it was still far higher than the IPO issue price of $31.
Spanish Bank BBVA Advises Wealthy Clients to Invest in Bitcoin
Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) is advising wealthy clients to put up to 7% of their portfolios into cryptocurrencies, a senior executive said on Tuesday. This is another sign that some banks are gradually embracing a field that has long been shunned by mainstream finance due to risk concerns. Philippe Meyer, head of digital and blockchain solutions at BBVA Switzerland, said at the DigiAssets conference in London that BBVA Private Bank would recommend that clients put 3% to 7% of their portfolios into cryptocurrencies depending on their risk appetite.
VanEck's planned Solana spot ETF has been registered with DTCC under the ticker VSOL
According to CryptoSlate, the Solana (SOL) spot ETF that VanEck plans to launch has been registered with the Depository Trust & Clearing Corporation (DTCC) in the United States with the code VSOL, marking that the product is one step closer to official listing. The ETF still needs to obtain regulatory and exchange approval. Previously, several US asset management companies have submitted Solana ETF applications to the SEC and submitted a revised registration statement in mid-June. Bloomberg analysts expect that it is expected to be approved within three to five weeks at the earliest, or listed in July. VanEck has not yet announced the official trading date of VSOL.
Multiple crypto-related accounts including Pump.Fun and GMGN have been unfrozen
The Solana meme coin launch platform Pump.Fun’s official (@pumpdotfun) and founder Alon Cohen’s X (formerly Twitter) account (@a1lon9) have been unfrozen, as have multiple crypto-related X (formerly Twitter) accounts, including the GMGN official account (@gmgnai) and its founder haze (@haze0x).
According to Bloomberg, JPMorgan Chase announced that it will pilot the issuance of JPMD tokens on the public blockchain Base associated with Coinbase, representing US dollar deposits. The first transfer will be completed within a few days and will only be available to institutional clients. JPMD is scalable and may support interest-bearing and deposit insurance in the future, and is seen as a compliant alternative to stablecoins.
The US GENIUS Act was approved by the Senate, marking a historic step for stablecoin legislation
According to the Associated Press, the U.S. Senate passed the GENIUS Act, a stablecoin regulatory bill, with 68 votes in favor and 30 votes against. The bill will be sent to the House of Representatives for deliberation. The bill establishes a federal regulatory framework for stablecoins, requiring one-to-one reserves, consumer protection and anti-money laundering mechanisms, but does not restrict the president and his family from profiting from the issuance of stablecoins, sparking criticism from Democrats about the Trump family's potential conflict of interest. The World Liberty Financial project held by the Trump family made more than $57 million in profits from token sales last year.
Viewpoint
According to Matrixport analysis, in the past 18 months, changes in global liquidity have repeatedly reflected Bitcoin trends in advance and are considered important "leading indicators". However, as the market structure evolves, the predictive power of the model is weakening and requires continuous verification and dynamic adjustment. Currently, the price of Bitcoin fluctuates between $105,000 and $110,000, which is basically consistent with the 13-week lag rhythm suggested by the model. If the correlation continues to be effective, Bitcoin needs to hold the current support range to maintain the upward expectation, and may further climb to $140,000 by the end of this summer.
Liu Peng, CEO of JD CoinChain Technology, said in an exclusive interview with Bloomberg Businessweek that the Hong Kong dollar and multi-currency stablecoins have been successfully tested in the Hong Kong Monetary Authority's "sandbox" and are expected to be officially licensed and launched in early Q4 this year. JD Stablecoin will be issued on the public chain, and anyone can publicly view the issuance volume and other data. Its goal is not to compete with USDT and USDC in the "crypto-native market", but to create a compliant stablecoin network that connects traditional cross-border trade settlements, and is first applied to JD Global Sales Hong Kong and Macau Station and other scenarios. Liu Peng pointed out that stablecoins are similar to mobile payments, both of which are payment tools to improve efficiency. In the future, they will profoundly change the B-side bulk transactions and C-side inclusive payment structures, and actively explore the possibility of landing offshore RMB stablecoins.
According to the Hong Kong Special Administrative Region News Bulletin, Hong Kong Financial Secretary Paul Chan Mo-po attended the launch ceremony of the "Shanghai-Hong Kong International Financial Center Collaborative Development Action Plan" today (June 18) and delivered a speech, saying that the interconnection between the financial markets of Hong Kong and Shanghai will be deepened to promote standard docking and financial innovation. According to the action plan, the two places will strengthen cooperation in the fields of financial standards, product innovation, information sharing, etc., and promote the wider application of technologies such as artificial intelligence and blockchain in asset management, insurance, and payment and settlement. Deepen interconnection, cooperation in cross-border clearing, interconnection in gold products and transactions, new application scenarios in cross-border payments of digital RMB, and Shanghai financial institutions to expand reinsurance business through Hong Kong.
Pan Gongsheng, governor of the central bank, said at the 2025 Lujiazui Forum that new technologies are accelerating their application in the field of cross-border payments. New technologies such as blockchain and distributed ledgers have promoted the vigorous development of the central bank's digital currency stablecoin, realizing the payment and settlement of the traditional payment system from the bottom up, greatly shortening the chain of cross-border payments, and at the same time posing huge challenges to financial supervision. Technologies such as smart contracts and decentralized finance will also continue to promote cross-border payments.
Project News
Binance: Users with Alpha points ≥ 234 can participate in DAOBase (BEE) TGE event
According to Binance's announcement, DAOBase AI will hold a BEE token TGE event on the BNB chain, with subscription time from 16:00 to 18:00 on June 18 (Beijing time). The total fundraising is US$100,000, with a token price of US$0.005, and users can subscribe to a maximum of 3 BNB quotas. Only users with Alpha points ≥ 234 can participate, and 15 points are required. There is no lock-up in this TGE, and BEE can be traded on Binance Wallet DEX and PancakeSwap after the end. DAOBase is an AI-driven DAO platform that has currently indexed more than 170,000 DAOs and more than 6 million voting users.
Binance will delist three spot trading pairs including CATI/FDUSD on June 20
According to Binance's announcement, the platform will stop trading and trading robot services for three spot trading pairs, CATI/FDUSD, ONE/BTC, and TLM/FDUSD, at 11:00 (Beijing time) on June 20, 2025. The delisting is due to insufficient liquidity and trading volume, and will not affect the continued trading of other trading pairs of related tokens on the platform. Users should cancel the relevant trading robots in time to prevent potential losses.
Ondo Finance announced the launch of the "Global Markets Alliance", which will work with Solana Foundation, BitGo, 1inch, Trust Wallet and other institutions to promote the on-chain of real assets (RWA) and develop interoperability, compliance and liquidity standards for tokenized securities. The alliance will cooperate with Ondo's upcoming "Global Markets" platform to provide non-US users with on-chain access to assets such as US stocks, ETFs and funds, and is known as the key infrastructure of "Wall Street 2.0".
Binance Alpha adds Janitor and TAG
The APP page shows that Binance Alpha has added Janitor and TAG.
Layer2 network Ink announced that it will launch the ecosystem's native token INK, the total supply will be permanently limited to 1 billion, and will no longer be minted through governance in the future. The governance of the chain is still under the Optimism super chain. The INK token is applicable to the user and application layers, and the airdrop of the INK token will be targeted at early participants in the liquidity protocol.
Important data
According to SoSoValue data, on June 17, Eastern Time, the total net inflow of Bitcoin spot ETFs reached US$216 million, achieving net inflows for the seventh consecutive day. Among them, BlackRock IBIT led with US$639 million, with a cumulative net inflow of US$50.672 billion; Fidelity FBTC had a net outflow of US$208 million, and the historical cumulative amount was still US$11.393 billion. At present, the total net asset value of BTC spot ETFs is US$128.18 billion, accounting for 6.18% of the market value of Bitcoin, and the cumulative net inflow has reached US$46.26 billion.
Data: Korean won crypto trading volume will reach $663 billion in 2025, second only to the US dollar
According to Kaiko data, as of this month, in 2025, the volume of crypto transactions denominated in Korean won (KRW) reached $663 billion, making it the world's second largest cryptocurrency market after the U.S. dollar (US$832 billion). About one-third of adults in South Korea hold crypto assets, twice as much as in the United States, indicating that its influence in politics and the economy continues to grow. However, structural problems such as market fragmentation, low adoption of stablecoins, and the "Kimchi premium" still restrict institutional participation and product innovation.
Multiple whales bought large amounts of HYPE tokens and opened leveraged long orders
According to Onchain Lens monitoring data, multiple whale addresses bought large amounts of HYPE tokens today: the "0x55" address purchased 59,719 HYPE tokens for approximately US$2.31 million (average price $38.68), "0xe6" purchased 53,645 HYPE tokens (average price $39.30), and "0x26" purchased 37,160 HYPE tokens for US$1.51 million (average price $40.7), and opened long leverage positions in HYPE (10x) and BTC (20x).
Financing
Base game startup Uptopia completes $4 million financing, led by Pantera Capital
Uptopia, the Basechain ecosystem game startup platform, announced the completion of a $4 million financing round, led by Pantera Capital, with participation from Spartan and Coinbase Ventures. In addition, the official announcement was made that The Factory will be officially upgraded and launched on June 18.
According to Lara, UAE-based SaturnX announced the completion of a $3 million seed round of financing, led by White Star Capital. The company provides a stablecoin-based API cross-border payment platform, supporting major remittance channels such as the Middle East to South Asia. It has processed transactions exceeding $250 million in 5 months and achieved profitability. This round of funds will be used to expand the Southeast Asian and African markets and strengthen compliance and technology platform construction.
According to official news, the decentralized AI infrastructure project Gradient Network announced the completion of a $10 million seed round of financing. This round of financing was led by Pantera Capital and Multicoin Capital, and HSG (formerly Sequoia China) and several well-known angel investors and consultants from AI, encryption and other fields participated in the investment. This financing will accelerate the development and implementation of its core infrastructure protocols. It is reported that Gradient aims to create a decentralized AI that is jointly participated and driven by a large number of users. It will launch two of its core protocols this week, namely the decentralized data communication protocol Lattica and the decentralized reasoning engine Parallax.
According to official news, XFX, an institutional-level cross-border settlement platform, announced the completion of a $9.1 million round of financing, led by HAUN Ventures, with participation from Castle Island Ventures, Oak HC/FT, MAYA Capital, Coinbase Ventures, Paxos and Bitso. According to reports, XFX is an institutional-level cross-border settlement platform that supports real-time and transparent flows of fiat currencies and stablecoins.
According to The Block, Web3-driven artificial intelligence company PublicAI announced the completion of $10 million in financing (including $2 million in seed round financing and $8 million in Series A financing). The latest financing was participated by Saudi Telecom Group, Blockchain Builders Fund, Tykhe Blocks Ventures, NEAR Foundation, Taisu Ventures, MH Ventures, Yield Guild Games (YGG), CSP DAO, IBC Group, G20, Whitewater Labs and UXLink. The company uses blockchain technology to build an "AI artificial verification layer", has established a global network of millions of data contributors, and has generated more than $14 million in customer revenue. PublicAI will launch the first decentralized brainwave acquisition device HeadCap for brain-computer interface research and development. Founder Kenji Narushima said that the platform is committed to obtaining real human data through a reasonable compensation mechanism to solve the performance degradation problem caused by AI models relying on synthetic data. The company is an incubation project of the Stanford Blockchain Accelerator, focusing on innovation in the intersection of blockchain and AI.
Institutional holdings
Eyenovia invests $50 million to establish HYPE Reserve, the company will be renamed "Hyperion DeFi"
Eyenovia, a Nasdaq-listed company focused on the development of digital ophthalmic medical technology, announced the completion of a $50 million PIPE financing, which will be used to purchase Hyperliquid's native token HYPE, and plans to become one of its major global verification nodes. The transaction is expected to raise a total of $150 million, and the company will also be renamed "Hyperion DeFi" and its stock code will be changed to "HYPD". The new chief investment officer, Hyunsu Jung, will be responsible for executing the crypto treasury strategy. Eyenovia will also continue to advance its FDA registration plan for ophthalmic devices, with the goal of completing it in September 2025.
Fold Holdings signs $250 million equity purchase agreement to expand Bitcoin reserves
According to Globenewswire, Fold Holdings, a Nasdaq-listed Bitcoin financial services company, has signed a $250 million equity financing agreement, which will be used mainly to increase its Bitcoin reserves. According to the terms of the agreement, Fold can independently decide to issue common shares in batches to raise funds after meeting SEC registration requirements, with the maximum financing amount not exceeding $250 million. Cohen & Company Capital Markets served as the exclusive placement agent for this financing.
Stablecoin startup Ubyx completes $10 million seed round led by Galaxy Ventures
According to Bloomberg, Ubyx, a stablecoin startup founded by former Citigroup executive Tony McLaughlin, has completed a $10 million seed round of financing, led by Galaxy Ventures, with participation from Founders Fund, Coinbase Ventures, Paxos and VanEck. The company is committed to building a clearing system that connects stablecoin issuers with banks and fintech companies to solve interoperability issues in payment scenarios. Ubyx plans
Luxxfolio, a Canadian public company, chooses Litecoin as its reserve asset
According to official news, Luxxfolio Holdings, a Canadian listed company, announced that it has chosen Litecoin (LTC) as its reserve asset and called it a future means of value storage. Luxxfolio wrote on the X platform: "One of the reasons we chose Litecoin as our asset management asset is that Litecoin's economic activity is growing and speculative demand is low. This should make it an excellent means of value storage in the future."
According to Cryptonews, UK-listed Bitcoin mining company Vinanz raised £3.58 million from investors, of which £3.03 million was raised through retail investment platform WRAP and the remaining £550,000 came from direct institutional subscriptions. It is used to expand its Bitcoin holdings and mining operations.
K33 plans to issue shares to raise 85 million Swedish kronor to purchase up to 1,000 bitcoins
Norwegian digital asset company K33 announced plans to raise at least 85 million Swedish kronor through a private placement of shares to purchase up to 1,000 bitcoins. The funds raised will be used to strengthen the company's balance sheet, while improving profit margins, launching new products and attracting larger institutional partners. The CEO said that this fundraising is an important milestone in achieving the goal of acquiring 1,000 bitcoins.
The Blockchain Group confirms acquisition of 182 bitcoins, bringing total holdings to 1,653
The Blockchain Group announced that it has completed the acquisition of 182 bitcoins for a total amount of approximately $19.55 million (approximately 17 million euros). As of now, the company holds a total of 1,653 bitcoins, with a total value of approximately $171.2 million (approximately 148.9 million euros), with an average price of approximately $103,600 (approximately 90,081 euros) per bitcoin. The company also disclosed that as of the beginning of 2025, its Bitcoin yield (BTC Yield) reached 1,173.2%, with an increase of 469.3 bitcoins and a Bitcoin yield of $50.23 million (approximately 43.777 million euros). In addition, the company has completed a number of convertible bond issuances, including $3.45 million (approximately 3 million euros) of bonds subscribed by UTXO Management, $5.29 million (approximately 4.6 million euros) of bonds subscribed by Moonlight Capital, $2.76 million (approximately 2.4 million euros) of bonds subscribed by Ludovic Chechin-Laurans, and $6.9 million (approximately 6 million euros) of bonds subscribed by TOBAM. These funds will be used to further increase Bitcoin holdings.
