US Senator Submits Stable Coin Regulation Law Amendment and Final Bill Closure Motion
Eleanor Terret of CryptoInAmerica reported that US Senate Republican Representative John Thune submitted a bipartisan amendment and final bill closure motion for the Stable Coin Regulation Law GENIUS. The related vote will be conducted this week, and 60 votes are needed for the final bill passage.
US Currency Supervision Agency Says "Federal Regulation Prioritized Over State Regulation"... Cryptocurrency Industry Concerns
Eleanor Terret of CryptoInAmerica reported that Rodney Hood, Acting Director of the US Office of the Comptroller of the Currency (OCC), reaffirmed that federal bank regulations take precedence over state laws. Terret said, "Some cryptocurrency stakeholders are concerned that this OCC statement may be an attempt to expand federal agencies' supervisory authority over cryptocurrencies, potentially weakening state government regulatory powers."
Japan's SBI Holdings Invests $50 Million in Circle
The Crypto Basic reported that Japan's large financial group SBI Holdings and its subsidiary SBI Shinsei Bank each invested $25 million, totaling $50 million, in USDC issuer Circle. They plan to collaborate on building USDC infrastructure within the Japanese financial system. Previously, Circle had announced plans to launch USDC in Japan with SBI Holdings.
Uphold Considers IPO or Company Sale
The Block reported that Web3 financial platform Uphold is considering an initial public offering (IPO) or company sale. They are collaborating with US investment bank FT Partners. According to sources, Uphold's enterprise value is estimated to be over $1.5 billion. Previously, Uphold had indicated it was exploring options to generate revenue through XRP.
Canary Capital Registers SOL ETF in US Delaware
Cryptocurrency investment firm Canary Capital has completed the registration of a SOL ETF entity in Delaware, USA. The ETF supports staking.
Canary Capital Registers INJ ETF in US Delaware
Cryptocurrency investment firm Canary Capital has completed the registration of an INJ ETF entity in Delaware, USA. The ETF supports staking.
US SEC Chairman "DeFi Engineers Should Not Be Subject to Securities Laws"
According to the cryptocurrency lobbying group DeFi Education Fund, SEC Chairman Paul Atkins stated in a roundtable on "DeFi and the American Spirit" that "American values of economic freedom, property rights, and innovation are deeply rooted in DeFi's DNA" and that "engineers should not be subject to securities laws simply for posting this type of software code".
BlackRock IBIT Exceeds 95 Trillion Won in Assets Under Management
Bloomberg ETF specialist Eric Balchunas reported that BlackRock's BTC spot ETF, IBIT, has surpassed $70 billion (95 trillion won) in assets under management 341 days after its launch. This is the fastest record in ETF history, five times faster than the world's largest gold spot ETF, SPDR Gold Trust (GLD).
KULR Technology Plans to Raise $300 Million to Purchase BTC
CoinDesk reported that KULR Technology, listed on the New York Stock Exchange, plans to raise up to $300 million through a common stock offering. The funds will be used to purchase BTC and cover business expenses.
Uniswap Foundation Launches V4 Grant Program
The Uniswap (UNI) Foundation announced the launch of a grant program to improve V4 infrastructure. The program is called Uniswap V4 Hook Design Lab, which will provide funding, technical mentoring, and market strategies.
UK Insolvency Service Hires First Cryptocurrency Expert
CoinDesk reported that the UK Insolvency Service has hired its first cryptocurrency expert. The Insolvency Service is responsible for returning assets to creditors in bankruptcy cases, and the newly joined cryptocurrency expert, Andrew Small, will focus on criminal cases in the future. In the past five years, cryptocurrency-related amounts in UK bankruptcy cases have been around $700,000.
Paraguay President "Introducing BTC as Legal Tender"
Bloomberg reported that Santiago Peña, President of Paraguay, announced the introduction of BTC as legal tender. In a recent presidential address, he stated, "After consulting with economic experts and conducting a rigorous evaluation, I will promulgate a law officially recognizing BTC as legal tender".
Paraguay Government "Detects Abnormal Activity on President's X Account"
Reuters reported that the Paraguay government detected abnormal activity on President Santiago Peña's X account. Previously, a post about introducing BTC as legal tender appeared on his X account, and some have doubted the possibility of the news being false.
Coinbase International Lists FARTCOIN Perpetual Futures
Coinbase's cryptocurrency derivatives exchange, Coinbase International Exchange, announced the listing of FARTCOIN perpetual futures after 6:30 PM (Korean time) on June 12.
Sky Founder Purchases Additional 3.96 Million SKY
Amber CN reported that an address estimated to be Sky (SKY, formerly MakerDAO) founder Rune Christensen purchased an additional 3.96 million SKY for 300,000 USDS 30 minutes ago. Since June 4, he has bought 8.29 million SKY for a total of 630,000 USDS.
US Stock Market Three Major Indices Close Mixed
US stock market three major indices closed mixed.
S&P500: +0.09%
Nasdaq: +0.30%
Dow: -1.00%
US Secretary of Commerce "Meaningful Results in US-China London Trade Negotiations"
According to Walter Bloomberg, US Secretary of Commerce Howard Rutnick said, "There were meaningful results in US-China trade negotiations." The US-China trade negotiations held in London lasted about 6 hours, with negotiations set to resume at 10 AM local time on the 10th.
BTC Surpasses $108,000
According to Coinness market monitoring, BTC has exceeded $108,000. Based on the Binance USDT market, BTC is trading at $108,010.16.
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