According to Bitcoin Magazine, Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said in an interview that Bitcoin has passed the most dangerous stage and there will be no bear market in the future. He predicted that the price of Bitcoin will reach $1 million, and emphasized that senior US government officials support Bitcoin. Saylor revealed that MicroStrategy is building a unique business model by issuing Bitcoin-secured bonds and preferred stocks, and has completed three Bitcoin-secured preferred stock issuances in the past five months. The company's all-Bitcoin balance sheet gives it an advantage in developing innovative financial products, and it is competing with the $100 trillion traditional bond and preferred stock ETF market. In addition, the market value of Metaplanet, a Japanese listed company, has soared. Saylor believes that this shows that international capital is accelerating into the Bitcoin field, and the next ten years may be the last window period for acquiring Bitcoin.
Russia to Fine Illegal Crypto Miners and Confiscate Cryptocurrencies
According to Cryptonews, the Russian Ministry of Digital Development is drafting new regulations to combat illegal cryptocurrency mining. The draft stipulates that individuals who engage in illegal mining will face a fine of 100,000 to 200,000 rubles, and companies can be fined up to 2 million rubles, and the cryptocurrencies involved will be confiscated. The proposal is currently under cross-departmental review. The new regulations explicitly prohibit the use of cryptocurrencies for payment and settlement, and violators will be fined up to 1 million rubles. Mining farm operators must report mining data and wallet addresses to the Financial Supervision Bureau. Russia's current policy allows household mining (monthly electricity consumption does not exceed 6,000 kWh), but restrictive measures are implemented in 10 regions. The central bank said that confiscating crypto assets will become the most effective deterrent.
According to CryptoSlate, Bitcoin Lightning Network wallet Alby has sparked controversy over the "account inactivity fee" clause. Many users reported that their account funds were deducted without active authorization. Among them, Yu Xian, co-founder of blockchain security company SlowMist, said that his account was deducted about $192 (earlier news, Yu Xian said that he had taken back the assets transferred out of the Alby wallet). The focus of the dispute is the terms of service updated by Alby on May 1, which stipulates that accounts inactive for 12 months must pay an inactivity fee. Some users said that they did not notice the email notification in time, and the highest single deduction was $5,400. Luke Gao, founder of Lnfi Network, clarified that this was a measure for Alby to transition to a self-custody model, and the funds can still be recovered through customer service, but the community criticized the practice for suspected disguised misappropriation of user assets.
Crypto.com Launches Credit Card for US Users, Offers Crypto Cashback Rewards
According to an official announcement, Crypto.com announced the launch of the Crypto.com Visa Signature credit card product for US users, which will provide unlimited cryptocurrency cashback rewards for every purchase.
According to Cryptoslate, European listed company The Blockchain Group was approved by shareholders on June 10 to launch a 11 billion euro financing plan to accelerate its Bitcoin purchase strategy. The resolution was passed with over 95% support and will allow the company to increase its holdings of Bitcoin through flexible financing tools such as issuing stocks and bonds. New deputy CEO Alexandre Laizet will lead the Bitcoin strategy and his board term will last until 2030. The company's CEO said that this move will promote the coordinated development of the Bitcoin reserve strategy and existing main businesses such as data intelligence and AI consulting. It is reported that the company currently holds 1,471 Bitcoins (about 160 million US dollars) and announced in early June that it would establish a 300 million euro ATM (issued at market price) financing mechanism with TOBAM Asset Management.
Bakkt announces updated investment policy to include Bitcoin and other digital assets
According to Businesswire, digital asset platform Bakkt Holdings (BKKT) announced that its board of directors has formally approved the update of the company's investment policy. According to this policy, the company can allocate funds to Bitcoin and other digital assets as a broader fund management and corporate strategic initiative. In the future, Bakkt may use excess cash, proceeds from future equity or debt financing, and other sources of funds to acquire Bitcoin or other digital assets. However, as of the release of this press release, the company has not purchased any related assets under the revised policy. Bakkt stated that the timing and scale of any such transactions will depend on market conditions, capital market acceptance, its own business performance, and other strategic considerations.
“20x long BTC whale” has expanded its position to $405 million
According to the monitoring of on-chain analyst Yu Jin, the "20x long BTC whale" continued to withdraw 7.505 million USDT from Bybit last night to increase the margin of the position, thereby continuing to increase the position. The position has now increased to 405 million US dollars. His current position: 20x long 3686 BTC, the position is worth $405 million. The opening price is $108,569, and the liquidation price is $105,370. The current floating profit is $5.39 million.
U.S. appeals court rules Trump tariffs may remain in effect during appeal
According to Jinshi, the US Court of Appeals ruled that Trump's tariff measures may remain in effect during the appeal process.
OP_RETURN Dissenter Jason Hughes Plans to Sell His Bitcoin in Protest
According to Protos, Jason Hughes, vice president of OCEAN mining pool, announced that he would sell all his Bitcoin holdings and withdraw from the crypto industry to protest the OP_RETURN change resolution passed by the Bitcoin Core developer team. The change is planned to remove the 80-byte OP_RETURN output limit in the Bitcoin Core 30 version released in October. The default memory pool will support up to 4MB transactions, aiming to meet the needs of applications such as DAOs, oracles and stablecoins. Hughes said in an open letter: "52 days ago, Bitcoin Core development was at least principled," and said that "the characteristics that made Bitcoin unique no longer exist." He will leave when the change takes effect in October, and has received job offers from several non-crypto companies.
pump.fun transferred 154,000 SOL to Kraken in the past 9 hours, worth 24.39 million US dollars
According to on-chain analyst Yu Jin, pump.fun processed fee income again after 12 days: 154,000 SOL (worth $24.39 million) were transferred to Kraken in the past 9 hours. The platform usually processes fee income once every 1-2 weeks. Historical data shows that a total of 4.179 million SOL (worth $751 million) have been transferred out, with an average selling price of $179.89.
Connecticut passes law prohibiting state government from holding or investing in virtual currencies
According to Bitcoin Laws, Connecticut passed HB7082, which prohibits the state from accepting, holding or investing in any virtual currency. The bill also imposes several new requirements on remittance institutions. The bill was passed unanimously in both the House of Representatives and the Senate, with no dissenting votes.
Franklin Templeton Launches Tokenized Asset “Intraday Return” on Benji
According to Cointelegraph, Franklin Templeton, which manages $1.53 trillion in assets, has launched an "intraday return" feature for tokenized assets. The feature has been integrated into its tokenization platform Benji, allowing investors to calculate returns based on the holding time in seconds, supporting the accumulation of returns on non-trading days (including holidays), and solving the lag problem of daily settlement of returns in traditional finance. Roger Bayston, head of digital assets, said that the current system usually calculates returns on a daily basis and distributes returns on a monthly basis, resulting in intraday traders being unable to obtain the returns they deserve. The company's Franklin OnChain US Government Money Fund manages approximately $750 million in assets.
According to Cointelegraph, the Ethereum Foundation released a report on Tuesday, pointing out that its ecosystem faces six major security challenges in the future, among which user experience and social layer issues are among them. The report is based on feedback from stakeholders such as users and developers, and believes that user experience is the key to security improvement. The report states that users bear a large security burden. After feedback and consultation, user experience security is considered the primary issue. The main concerns are blind signatures, approvals and permission management, as well as the vulnerability of web interfaces. Many users lack the ability to securely manage encryption keys. In addition, the report also mentions other security areas such as smart contracts, infrastructure and cloud, consensus protocols, monitoring responses and risk mitigation. At the same time, it emphasizes the community's concerns about the centralization of pledges and the centralization of off-chain assets, saying that the concentration of pledges may bring risks to Ethereum and may also trigger social governance manipulation. The foundation said that social layer and governance risks are more focused on the long term and are related to the entire Ethereum ecosystem, rather than the security of individual users or applications.
Coinbase has launched HOME(HOME)
Coinbase Assets announced today that HOME (HOME) is now live on coinbase.com and the Coinbase iOS and Android apps with an “experimental” label.
According to The Block, Brian Quintenz, Trump's nominee for chairman of the Commodity Futures Trading Commission (CFTC), said at a Senate hearing that if the CFTC gains more regulatory authority over cryptocurrencies, it will need additional funding. Several senators agreed with this, and Minnesota Democratic Senator Amy Klobuchar emphasized that the CFTC needs to have sufficient staff and resources to meet emerging challenges. Quintenz was previously the global policy director of a16z Crypto Fund and served as a CFTC commissioner from 2017 to 2021. If the nomination is approved, he will become the only incumbent CFTC commissioner, and the other four commissioners have recently resigned or announced plans to resign. The U.S. Congress is currently considering a bill that may expand the CFTC's regulatory authority over digital assets, and the agency currently has less than 1,000 employees, far less than the SEC's 4,000 employees.
COINSHARES SOLANA ETF is registered in Delaware
According to Delaware entity filing information, COINSHARES SOLANA ETF is registered in Delaware.
GameStop: 4,710 Bitcoins purchased between May 3 and June 10
According to Reuters, video game retailer GameStop (GME.N) disclosed that it purchased 4,710 bitcoins in cash between May 3 and June 10. The company said in March that its board of directors had approved the addition of bitcoin as a treasury reserve asset. The company's first-quarter revenue fell 17% to $732.4 million, compared with $881.8 million in the same period last year. Earlier on May 28, GameStop announced that it had purchased 4,710 bitcoins, which was unchanged from the latest disclosed data.
U.S. House Agriculture Committee Votes to Advance Crypto Market Structure Bill
According to The Block, the U.S. House of Representatives Agriculture Committee passed the Digital Asset Market Clarity Act on Tuesday with 47 votes in favor and 6 votes against. The bill will clarify the division of supervision of cryptocurrencies between the SEC and the CFTC, requiring digital asset companies to disclose customers and segregate customer funds. The latest revised terms clarify that non-custodial platforms and their developers are not "unlicensed service providers." The bill must be passed by the House Financial Services Committee before it can be submitted to the full house for a vote. Earlier on Tuesday, when the House Agriculture Committee debated the "Clarity" bill, some lawmakers expressed concerns about the need for the CFTC to increase funding and personnel. The CFTC is small, with less than 1,000 employees, while the SEC has more than 4,000 employees. According to Reuters, 600 employees left the SEC earlier this year.
According to Blockworks, citing people familiar with the matter, the U.S. SEC has asked the issuer of the proposed spot Solana ETF to update its S-1 prospectus, suggesting that relevant approval may be imminent. Although the specific time of approval is unknown, Eric Balchunas, senior ETF analyst at Bloomberg, predicts that it may be approved within two to four months. In an interview with The Block, he said that spot Solana, XRP and other funds are likely to be approved in the future, or the approval deadline may be in October, and a spot ETF portfolio including Solana, XRP, Ethereum and Bitcoin may appear in July. Issuers are rushing to launch spot ETFs to gain first-mover advantage. Balchunas also said that spot products will emerge in large numbers in the next four months, but on a small scale, and it would be good if Solana and XRP could reach a scale of US$1 billion.
Silhouette Completes $3 Million Pre-Seed Round of Financing, Led by RockawayX
According to the official announcement of Silhouette, it has completed a $3 million Pre-Seed round of financing led by RockawayX, with participation from Amber Group, HiveMind, Protagonist, No Limit Holdings, NGC Ventures and Echo. Silhouette's "Shield Exchange" based on Trusted Execution Environments (TEE) is committed to implementing privacy-protected order matching and settlement functions on Hyperliquid, supporting HyperCore and HyperEVM, and providing a new DeFi experience including TWAP, VWAP, RFQ and other high-level strategy operations. The project goal is to solve the problem of "excessive information transparency" in on-chain transactions, allowing users to trade freely without exposing strategies.
American Bitcoin, backed by the Trump family, now holds 215 bitcoins
According to Cointelegraph, American Bitcoin (ABTC), a Bitcoin mining company supported by Eric Trump and Donald Trump Jr., has accumulated 215 BTC worth more than $23 million since its establishment in April this year. In a document submitted to the US SEC, ABTC stated that Bitcoin reserves are its core strategic assets, and the accumulation strategy will continue to adjust according to market conditions, with the goal of long-term holding. ABTC plans to go public through a merger with Gryphon Digital Mining, and Eric Trump will join the board of directors. The company currently has more than 60,000 mining machines deployed in Hut 8 managed mines in New York, Alberta and Texas, with a computing power of 10.17 EH/s.
Binance: Users with Alpha points above 239 can claim 400 RESOLV airdrops
According to Binance's announcement, the platform will launch Resolv (RESOLV) Alpha trading at 21:00 Beijing time on June 10, and open contract trading at 21:30. Eligible users can apply for 400 RESOLV airdrops on the Alpha Events page when trading begins. You must hold at least 239 Alpha points and consume 15 points to apply. If you do not confirm within 24 hours, it will be deemed as abandoned.
According to Yu Jin, as the price of HYPE broke through $40, Huang Licheng (@machibigbrother) has begun to take profits on his HYPE long positions in batches. He bought 200,000 HYPE spot at $29.4 in May, and then bought 650,000 HYPE at an average price of $35.6 and 5 times leverage. He currently still holds 440,000 long positions and 200,000 spot, with a floating profit of $6.5 million.
Stablecoin startup Noah completes $22 million seed round, led by LocalGlobe
According to Fortune, the stablecoin payment startup Noah announced the completion of a $22 million seed round of financing, led by European veteran venture capital LocalGlobe, with participation from angel investors such as Felix Capital, FJ Labs and Palantir co-founder Joe Lonsdale. Thijn Lamers, former global sales director of Adyen, joined as a co-founder, bringing rich payment industry resources. It is reported that Noah provides a stablecoin payment API that can access 50 currencies and covers 70 countries, with a cumulative transaction volume of more than $1 billion. Lamers said his connections and reputation are one of the company's differentiated advantages. CEO Shah Ramezani emphasized that "the payment network is more important than technology."
UK FCA appoints Sarah Pritchard as deputy chief executive to regulate cryptocurrency firms
The UK Financial Conduct Authority (FCA): Sarah Pritchard has been appointed deputy chief executive, creating a new position to reflect its expanding remit, including the regulation of cryptocurrency firms.
Michael Saylor: Apple Should Buy Bitcoin
Financial show host Jim Cramer said that Apple’s current stock buyback plan “is not working.” In response, Strategy co-founder Michael Saylor said, “Apple should buy Bitcoin,” suggesting that investing cash reserves in BTC may be a more strategic choice.
Binance Wallet Exclusive TGE 22nd Edition Launches MEET48 (IDOL)
According to the Binance Chinese account, the 22nd TGE project of Binance Wallet is MEET48 (token $IDOL), which will be open for subscription from 16:00 to 18:00 Beijing time on June 11. Users need to hold Binance Alpha points to participate, and another 192 million IDOL will be used for subsequent activities, and the specific details are to be announced.
