Central Bank: Establish inter-bank market transaction reporting database
According to CCTV News, the 2025 Lujiazui Forum opened today, and Pan Gongsheng, governor of the People's Bank of China, announced the establishment of an interbank market transaction reporting database at the forum. It collects and systematically analyzes transaction data of various financial sub-markets such as interbank bonds, currencies, derivatives, gold, and bills at high frequencies to serve financial institutions, macro-control, and financial market supervision.
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.
Ohio HB 116 “Bitcoin Bill of Rights” Passed Unanimously
According to Cointelegraph, the Ohio House of Representatives Technology and Innovation Committee passed HB 116 with 13 votes in unanimous votes. The bill protects the rights of individuals to self-custody digital assets, guarantees mining and node operations, and provides a capital gains tax exemption of $200 per transaction for digital asset transactions.
SEC Opens Comment Period for Franklin Templeton’s XRP and SOL Spot ETFs
According to the US SEC announcement, the public comment process has been initiated for the XRP and Solana spot ETF proposals submitted by Franklin Templeton. The two ETFs are planned to be listed on the Cboe BZX exchange, and the latest review deadline has been extended to the end of July, which can be further extended. The SEC said that this move does not mean that a conclusion has been made and encourages all parties to submit opinions.
According to Ember tracking, an institutional address started the third round of ETH position building on June 11. As of today, it has spent a total of $223 million USDC to purchase 85,465 ETH at an average price of $2,617.7. The latest transaction was 7 hours ago when it bought 15,000 ETH at $2,477. Currently, the address has a paper loss of about $9.4 million, and still has $113 million USDC to be used, and may continue to increase its position.
Altman says Meta offered $100 million to poach OpenAI employees but no one jumped ship
According to Bloomberg, OpenAI CEO Sam Altman said in a podcast that Meta offered up to $100 million in signing bonuses and higher annual salaries to recruit its employees, but "no core employees have accepted the invitation yet." Meta is building a "super intelligence" team and has invested $14.3 billion in Scale AI, appointing its CEO Alexandr Wang to join the team. Altman pointed out that although Meta has ambitions, there is still a gap between its innovation capabilities and culture and OpenAI.
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).
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).
Iranian Revolutionary Guard: Iran's Fateh missile breaks through Israel's defenses, giving Iran "absolute control" over Israeli airspace. The Fateh hypersonic ballistic missile is an Iranian hypersonic medium-range ballistic missile developed by the Islamic Revolutionary Guard Corps and unveiled in 2023. It is Iran's first hypersonic ballistic missile. According to Iran, its high maneuverability and speed allow it to defeat all missile defense systems. Its name means "conqueror" or "victor" and is derived from Arabic and refers to Fateh, a name chosen by Iran's Supreme Leader.
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.
Coinbase Lists Spark (SPK) ERC-20 Token, Labeled as an “Experimental” Asset
According to the Coinbase announcement, the platform will support Spark (SPK) tokens on the Ethereum network, marked as "Experimental", and the transfer function has been opened. If liquidity conditions are met, the SPK-USD trading pair will be launched in stages later today, and some jurisdictions may have restrictions. Coinbase reminds users not to send SPK through non-ERC-20 networks, otherwise funds may be lost.
Source: Musk's xAI company is expected to complete $5 billion in debt financing
According to Jinshi, citing sources, Musk's xAI is expected to complete $5 billion in debt financing, which has limited investor demand and a coverage ratio of 1.5 times. Funding allocation will be carried out on Wednesday. Musk's xAI costs are growing, spending $1 billion a month. The company is trying to raise $9.3 billion. Musk's artificial intelligence startup xAI is trying to raise $9.3 billion through debt and equity, but according to the terms of the deal shared with investors, the company plans to spend more than half of the money in the next three months before the money enters the bank. The speed at which the company raises funds and consumes cash vividly illustrates the unprecedented funding needs of the artificial intelligence industry and the relatively meager revenue it has brought so far, at least as far as xAI is concerned. Sources revealed that from the company's leveraged cash flow, the company expects to consume about $13 billion during 2025, or more than $1 billion per month. As a result, the company's large amount of fundraising activities barely keep up with the pace of spending.
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.
According to Bloomberg, Anysphere, the developer of AI code editor Cursor, has been approached by several investors recently and plans to double its valuation to $18 billion to $20 billion in a new round of financing. The company was founded in 2023 and its annualized revenue has exceeded $500 million. Its clients include OpenAI, Spotify and Major League Baseball. Earlier this month, it completed a $900 million financing at a valuation of $9.9 billion. Although it is not in urgent need of funds, Anysphere may choose to increase its capital due to favorable terms. It has more than one million daily active users and more than half of the Fortune 500 companies are its customers.
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.
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.
Coinbase International will launch Defi App and Spark perpetual contracts
Coinbase International announced on the X platform that it will add support for Defi App and Spark perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The HOME-PERP and SPK-PERP markets will be open at or after 17:30 am on June 19th, Beijing time.
According to Coinglass data, the cryptocurrency market had a total liquidation of $414 million in contracts over the past 24 hours, including a liquidation of $89.0266 million in long orders and a liquidation of $325 million in short orders. The total liquidation amount of BTC was $96.329 million, and the total liquidation amount of ETH was $132 million.
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.
Coinbase seeks SEC approval to offer blockchain-based stocks
According to Reuters, Coinbase Chief Legal Officer Paul Grewal said the company is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a "tokenized stock" trading service. If approved, the service will make Coinbase the first cryptocurrency exchange to offer stock trading through blockchain technology, directly competing with traditional brokerages such as Robinhood.
According to Sina Finance, Liu Qiangdong, Chairman of the Board of Directors of JD.com Group, said in a sharing session today that JD.com hopes to apply for stablecoin licenses in all major currency countries in the world, and then use the stablecoin licenses to realize exchange between global companies, reducing the cost of global cross-border payments by 90% and increasing the efficiency to within 10 seconds. Liu Qiangdong said, "It takes an average of 2 to 4 days for companies to remit money, and the cost is also quite high. After completing the B-end payment, we will penetrate into the C-end payment. I hope that one day everyone can use JD.com stablecoin to pay when they consume around the world."
Brazil’s Bitcoin Reserve Bill Passes First Committee
According to Bitcoin News, Brazil's Bitcoin Reserve Bill "PL 4501/2023 or PL 4501/2024" has passed the first committee for review. The bill proposes the establishment of a "sovereign strategic Bitcoin reserve" and allocating up to 5% of foreign exchange reserves to Bitcoin. Once implemented, Brazil will become the second Latin American country after El Salvador to establish a legal BTC reserve.
According to The Block, Cosmos-based Namada has completed the final stage of its mainnet launch, launching a system designed to provide "privacy as a service" for decentralized applications, assets, and blockchains. As the mainnet launch is completed, Namada is conducting a free market token distribution to make its native token NAM liquid. Trading is expected to start this week as exchanges begin to list the token. The network is preparing for multiple integrations to expand its cross-chain coverage. It is currently planning to support Bitcoin through Lombard and Babylon, as well as support Ethereum and Solana through cross-chain bridges, conduct privacy swaps on Osmosis, and be compatible with stablecoin DeFi tokens.
Musk's XAI in talks to raise $4.3 billion in equity funding
According to Jinshi.com, Musk's XAI is in talks to raise $4.3 billion through equity financing.
Mark Cuban believes Trump's phone may feature cryptocurrency fees as a profit model
According to Business Insider, billionaire Mark Cuban speculated on social media that the Trump family's newly released T1 phone may have a built-in crypto wallet. Cuban believes that the phone may integrate a wallet system that supports Trump tokens and World Liberty Financial stablecoins, and make profits through transaction fees. If Cuban's theory is correct, the Trump phone may become a portal to the Trump-branded Web3 ecosystem, with pre-installed wallets, digital assets and transaction generation functions. This $499 gold-plated phone was launched by Trump's children and claims to "completely change the mobile phone industry", but no specific manufacturer information was disclosed. At present, the official website of Trump's mobile phone does not mention the cryptocurrency function, but only introduces that it will provide special services such as roadside assistance and telemedicine. Earlier yesterday, it was reported that the Trump Group launched the T1 smartphone, priced at $499, which is expected to be available in September.
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.
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.
Eigen Labs launches EigenCloud platform and receives $70 million investment from a16z crypto
According to Forbes, Eigen Labs announced the launch of the EigenCloud platform, which aims to provide blockchain-level trust guarantees for Web2 and Web3 applications. The platform is based on the EigenLayer re-staking protocol and integrates data availability, general computing and dispute resolution functions. In addition, a16z crypto purchased EIGEN tokens for $70 million, continuing its investment layout after its $100 million Series B financing in February 2024. The alpha version of the platform has been launched, and test network data shows that its data availability layer throughput reaches 50MB/s. EigenCloud plans to expand blockchain technology to traditional fields such as medical records and machine learning through the "verifiability as a service" model. The platform is currently being gradually opened to developers and is expected to be fully launched by the end of 2025. Founder Sreeram Kannan said the platform will narrow the gap between developer needs and blockchain capabilities.
Malaysia launches digital asset hub to test stablecoins and programmable money
According to Cointelegraph, Malaysian Prime Minister Anwar Ibrahim announced the launch of the "Digital Asset Innovation Center" plan at the 2025 Sasana seminar. The regulatory sandbox, led by the Malaysian central bank, will allow the testing of innovative applications such as ringgit stablecoins and programmable payments, aiming to promote the country to become a regional fintech center. Abdul Rasheed Ghaffour, governor of the Malaysian central bank, said the country is simultaneously upgrading the Rentas payment system, exploring cross-border payment interconnection and asset tokenization.
According to Businesswire, cross-border consumer goods e-commerce group DDC Enterprise (NYSE: DDC) announced that it has signed three securities purchase agreements, planning to raise a total of no more than US$528 million, which will be mainly used to expand Bitcoin reserves. The financing includes three parts: US$26 million equity PIPE investment (investors include Animoca Brands, Kenetic Capital, etc.), US$300 million convertible secured notes (invested by Anson Funds) and US$200 million equity credit line.
Trader AguilaTrades reduces 20x BTC long position to $350 million
According to on-chain analyst @ai_9684xtpa, due to the short-term decline of BTC, the long position of trader AguilaTrades has turned from profit to loss. Two minutes ago, he withdrew 5 million USDC from Bybit again, and then recharged it into Hyperliquid as margin. In the past 15 minutes, he reduced his position by 632.64 BTC, reducing his 20x BTC long position to 350 million US dollars. The current opening price is 106014.2 US dollars, the liquidation price is 100650 US dollars, and the floating loss is 1.58 million US dollars.
According to Bitcoin Magazine, the Thai cabinet approved a five-year personal income tax exemption for profits from the sale of Bitcoin and cryptocurrencies. Update: Julapun Amornvivat, deputy finance minister of Thailand, said on X Platform that under the new policy, capital gains earned by individuals from trading digital assets through platforms regulated by the Thai Securities and Exchange Commission (SEC) will be exempt from personal income tax from January 1, 2025 to December 31, 2029.
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 to establish a global stablecoin acceptance network similar to Visa and Mastercard, enabling stablecoins issued by various institutions to circulate across platforms. Its system will support blockchains such as Solana, Base, Canton and XRP Ledger, and has reached cooperation with stablecoin issuers such as Paxos and Ripple. The network is expected to be launched at the end of the year, and will also be compatible with other digital asset forms such as central bank digital currencies in the future.
Binance Wallet Exclusive TGE 25th will launch DAOBase (BEE)
According to the official announcement, Binance Wallet's exclusive TGE 25 will launch DAOBase (BEE). The subscription time is from 4:00 pm to 6:00 pm (UTC+8) on June 18, 2025; Subscription qualifications: Eligible users must use Binance Alpha Points to participate; An additional 40,000,000 BEE will be used for future activities, and specific details will be announced separately.
Justin Sun: TRON MicroStrategy (SRM)'s transaction volume today exceeds Alibaba and Tencent
Sun Yuchen posted on the X platform that the transaction volume of TRON MicroStrategy (SRM) has exceeded Alibaba (US$1.19 billion) and Tencent (US$700 million) today. Earlier news said that TRON plans to reverse merge with SRM Entertainment to achieve listing.
Bank of America lists Bitcoin as one of the most disruptive innovations of the millennium
According to Bitcoin.com, Bank of America's global research department released a report that included Bitcoin in the list of the most disruptive technological innovations in the past 1,000 years. The long-term trend chart released by the bank shows that from key breakthroughs in printing to quantum computing, Bitcoin is located on the steep range of the technology acceleration curve, alongside the Internet, microprocessors and electric vehicles, and is regarded as a systemic innovation rather than a purely speculative asset. The report emphasizes that Bitcoin challenges the traditional monetary system through a decentralized architecture and promotes the rapid development of the digital asset industry. Although Bank of America has not yet opened direct Bitcoin transactions, its CEO Brian Moynihan said that it will quickly integrate cryptocurrency payment services after the regulation is clarified. At the Davos Forum in January this year, he mentioned that if the rules are established to ensure security, the banking system will be involved in the crypto trading business on a large scale.
