This week's news preview | Powell delivered semi-annual monetary policy testimony; Thailand banned five unlicensed cryptocurrency trading platforms including Bybit

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Compiled by: Jerry, ChainCatcher

Key News:

June 23 (Monday)

Bank of Korea Governor to Meet with Local Bank CEOs on June 23 to Discuss Stablecoins

According to Newsis, Bank of Korea (BOK) Governor Lee Chang-yong will meet with commercial bank presidents at the Bank Hall in central Seoul on the 23rd, expected to discuss the issuance of won-based stablecoins. The meeting will be accompanied by Vice Governor Park Jong-woo, who is responsible for monetary policy and financial markets.

Previously, the Bank of Korea has been cautious about non-bank sector issuance of won stablecoins due to concerns about weakening monetary policy effectiveness and financial stability risks.

Binance to Support Zilliqa Network Upgrade and Hard Fork on June 23

According to the official announcement, Binance is expected to suspend token deposits and withdrawals for Zilliqa (ZIL) network on June 22, 2025, at 23:00 (UTC+8) to support its network upgrade and hard fork, ensuring the best user experience.

The project team will conduct a network upgrade and hard fork at block height 4,770,087 (expected to be on June 23, 2025, at 00:00 UTC+8).

June 24 (Tuesday)

Federal Reserve Chairman Powell to Deliver Semiannual Monetary Policy Report Testimony to House Financial Services Committee on June 24

On June 24 at 10 PM, Federal Reserve Chairman Powell will deliver the semiannual monetary policy report testimony to the House Financial Services Committee.

Binance Alpha and Binance Futures to List DeLorean (DMC) on June 24

According to the official announcement, Binance Alpha will list and open trading for DeLorean (DMC) on June 24 at 19:00 (UTC+8). Additionally, Binance Futures will list DMCUSDT perpetual contracts on June 24 at 21:00 (UTC+8), with a maximum leverage of 50x.

June 25 (Wednesday)

Binance Alpha and Binance Futures to List Humanity Protocol (H) on June 25

Binance Alpha will list and open trading for Humanity Protocol (H) on June 25, 2025, at 17:00 (UTC+8).Moreover, the futures platform will list H/USDT perpetual contracts on June 25, 2025, at 17:30 (UTC+8), with a maximum leverage of 50x.

Binance is the first platform to announce the opening of Humanity Protocol (H) futures trading and showcasing the H token on Alpha. All eligible Binance users will receive an exclusive token airdrop. Eligible users need to claim the airdrop through the Binance Alpha activity page using Binance Alpha points between June 25, 2025, 17:00 (UTC+8) and June 26, 2025, 17:00 (UTC+8).

June 26 (Thursday)

Binance Alpha to List Sahara AI (SAHARA) on June 26

According to official sources, Binance Alpha platform will list Sahara AI (SAHARA). Trading will open on June 26, with specific timing to be announced later.

Eligible users need to claim the airdrop through the Alpha activity page using Binance Alpha points after Alpha trading opens.

More details will be announced on June 26. Please continue to follow Binance's official channels for the latest information.

Coinbase to Delist MOBILE, RNDR, RBN, and SYN Old Token Versions on June 26

According to the Coinbase Assets announcement, as Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), and Synapse (SYN) have all released new versions, their original versions no longer meet platform listing standards, and trading will be fully suspended around 14:00 Eastern Time on June 26.

Currently, these assets have been switched to limit order mode, allowing users to place, cancel, and match orders. This adjustment applies to the Coinbase website, exchange, and Prime platform.

Proposal to Dissolve ApeCoin DAO (AIP-596) Officially Starts Voting, Ending on June 26

Yuga Labs co-founder Garga.eth announced on X platform that the proposal to dissolve ApeCoin DAO (AIP-596) has officially started voting, aimed at further promoting ecosystem reform and orderly transferring assets and responsibilities to a new entity ApeCo established by Yuga Labs. The new entity team will be composed of current Ape Foundation Executive Director Cameron Kates, other foundation members, and Banana Bill team members.

Garga.eth noted that this AIP requires substantial voting to pass, estimated to need 3.5% participation of all circulating tokens and a 66% absolute majority. According to voting information, the voting will end on June 26, with the current approval rate at 99.19%.

June 27 (Friday)

Binance Futures to List Multiple Quarterly Delivery Contracts on June 27

According to the Binance announcement, Binance Futures will launch USDⓈ-M and COIN-M quarterly 1226 delivery contracts after 08:00 (UTC) on June 27, 2025. The new contracts cover BTC, ETH, BNB, XRP, and SOL, with up to 50x leverage and 24-hour trading.

CoinList to Launch Pipe Network (PIPE) Token Sale on June 27

CoinList will launch the Pipe Network (PIPE) token sale on June 27. PIPE FDV is $450 million, with a total sale of 30 million tokens, priced at $0.25 and $0.20, with purchase limits from $100 to $2.5 million.

Option 1 has an FDV of $250 million, with 100% unlocked at TGE; Option 2 has an FDV of $200 million, with 100% unlocked one year after TGE.

After the purchase period ends, the team will allocate according to the "Filling from the bottom" method. Users who are not selected will receive a refund in their CoinList wallet within 48 hours.

LayerZero Launches Second Round of Fee Switch Voting, Voting Ends on June 27

LayerZero has initiated the second vote on whether to activate the "fee switch", which will decide whether to activate the LayerZero protocol fees, with the fees to be used for buying back and burning ZRO. The voting will end on June 27.

June 28 (Saturday)

Thailand to Ban Bybit and 4 Other Unlicensed Crypto Trading Platforms from June 28

According to the Thailand Securities and Exchange Commission, Bybit, 1000X, CoinEx, OKX, and XT.COM, five unlicensed cryptocurrency trading platforms, will be banned starting June 28, 2025.

Reportedly, this action is based on the "Prevention and Suppression of Technical Crimes Act (No. 2)" that took effect on April 13, 2025, aimed at protecting investor rights and preventing illegal platforms from being used as money laundering channels. The Thai Ministry of Digital Economy and Society will be responsible for implementing the relevant ban. The Thai SEC warns investors holding assets on these platforms to properly handle their assets before the platforms are banned.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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