Today's news tips:
1. The U.S. Congress resets the timetable for crypto legislation, and the market structure and stablecoin bills will be advanced separately
2. Binance Wallet exclusive TGE will launch NodeOps (NODE) on June 30
3. Pump Fun launches version 2.0, adding new features such as one-click follow-up investment
4. Robinhood launches micro futures contracts for XRP and Solana
5. Ripple decides to withdraw its cross-appeal against the US SEC
6. Cryptocurrency thefts exceed $2 billion in the first half of 2025, with infrastructure security becoming the hardest hit area
7. BlackRock has purchased $1.15 billion worth of Bitcoin this week, and its Bitcoin holdings hit a new high of $77.7 billion
8. a16z transferred 300,000 COMP to Coinbase Prime in the past 40 minutes, worth about $13.75 million
Regulatory/Macro
FATF warns: Failures in cross-border regulation of virtual assets could have global impacts
The Financial Action Task Force (FATF), a global anti-money laundering agency, recently released the sixth update report on anti-money laundering and anti-terrorist financing measures for virtual assets (VA) and virtual asset service providers (VASP). The report pointed out that although the world has made progress in relevant legislation and supervision, the licensing and registration of VASPs and the identification and supervision of offshore VASP risks still face challenges. The report also revealed that North Korean hackers stole $1.46 billion from ByBit this year, and only recovered 3.8%, highlighting the urgency of asset recovery and international cooperation. In addition, the amount of illegal transactions on the chain related to fraud in 2024 will reach $51 billion. FATF called on the world to strengthen regulatory cooperation to prevent virtual assets from being abused by criminals and threatening the security of the international financial system.
The Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Securities and Futures Commission jointly launched a public consultation on the regulatory system for virtual asset trading and custody service providers. The proposed system will empower the Securities and Futures Commission to license and supervise virtual asset trading service providers and custody service providers, and enforce relevant regulations. The Securities and Futures Commission will also be responsible for setting compliance standards for these two important service providers, ensuring robust investor protection measures and maintaining market integrity based on the principle of "same business, same risks, same rules". The deadline for soliciting relevant opinions is August 29, 2025.
Trump plans to issue executive order to promote the development of artificial intelligence
The Trump administration is preparing a series of executive actions aimed at powering the expansion of artificial intelligence in the United States, according to four people familiar with the matter. Among the measures being considered are making it easier for power generation projects to connect to the grid and providing federal land for the construction of data centers needed to expand artificial intelligence technology, the sources said. According to data from Grid Strategies, a power industry consulting firm, U.S. electricity demand is expected to grow five times faster than the 2022 forecast between 2024 and 2029. A report by consulting firm Deloitte shows that by 2035, the demand for electricity from artificial intelligence data centers could grow more than 30 times. People familiar with the matter said the government is considering putting high-maturity power generation projects in the front of the grid connection queue. The executive order will also authorize the Department of Defense and the Department of the Interior to govern land for project construction. The government is also considering simplifying data center permits by developing a national Clean Water Act permit, rather than requiring companies to apply for permits state by state. In addition, the White House is considering setting July 23 as "AI Action Day."
Bessant says trade talks could be concluded by September, hints at possible extension of deadline
U.S. Treasury Secretary Jeff Bessant said the Trump administration's trade deal agenda could be wrapped up by Labor Day, a sign that some negotiations could extend beyond the July 9 deadline. "There are some countries that are coming to us with very good deals," Bessant said on a television show Friday, highlighting Commerce Secretary Lutnick's comments the day before that the White House was close to reaching deals with 10 major trading partners. Bessant reiterated that there are 18 important trading partners, "and if we can get deals done with 10 or 12 of those 18 important partners (and there are another 20 important partners), then I think we can get trade negotiations done by Labor Day." He did not specify which countries he hoped to reach deals with.
The Republican leadership of the U.S. Senate reached an agreement with the White House to advance legislation related to market structure and stablecoins as separate bills. Tim Scott, chairman of the Senate Banking Committee, said the goal is to complete market structure legislation by the end of September. The White House also emphasized that it will speed up the legislative process, but there is still uncertainty as to whether the bill can pass the Senate smoothly.
The three major U.S. stock indexes closed higher, with the S&P 500 and Nasdaq hitting record highs
According to Cailianshe, the three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 1%, up 3.82% this week; the S&P 500 up 0.52%, up 3.44% this week; and the Nasdaq up 0.52%, up 4.25% this week. Both the S&P 500 and the Nasdaq hit record highs.
Asset Management Company KraneShares Applies to List Coinbase 50 Index ETF
KraneShares, an asset management company focused on alternative investments, is seeking to list the "Coinbase 50 Index ETF," according to registration documents filed with the U.S. Securities and Exchange Commission. The ETF will track the 50 largest digital assets by market capitalization. The Coinbase 50 Index, which will be launched in late 2024, is an index product overseen by the largest cryptocurrency exchange in the United States. The weighting of the index is reassessed quarterly, and its top three holdings are currently 50% Bitcoin, about 21% ETH, and 9% XRP.
Viewpoint
According to Jinshi, US President Trump said that encrypted digital currency is a very interesting thing and we have built a very strong industry. Cryptocurrency creates jobs and Bitcoin also reduces the pressure on the US dollar. In the previous stock market decline, the value of cryptocurrencies fell less than other assets, highlighting the resilience of the encryption field.
Vitalik: Dual governance is not perfect but can solve some important problems
Vitalik tweeted that although dual governance is not perfect, it can solve some important problems. Dual governance provides an additional independent layer of defense to prevent the system from taking particularly harmful actions. In addition, it allows Ethereum users to participate as stakeholders, rather than relying solely on informal "consensus" based on "atmosphere."
Project News
Binance Wallet Exclusive TGE to Launch NodeOps (NODE) on June 30
According to the Binance Wallet announcement, the 27th exclusive TGE will be held on June 30, 2025, from 16:00 to 18:00 (UTC+8) via PancakeSwap, and users need to use Alpha Points to participate in the subscription. The official will provide an additional 27,153,349 NODE for subsequent activities, and details will be announced soon.
Binance: Alpha users with a score of no less than 170 points can apply for 10,000 CESS airdrops
Binance tweeted that CESS Network (CESS) has landed on Binance Alpha. Eligible users can claim 10,000 CESS airdrops on the Alpha Events page by consuming 15 Binance Alpha points within 24 hours after trading begins. The event is on a first-come, first-served basis. Users with at least 170 points can participate. The event will end when the airdrops are distributed or the event expires.
Musk: Grok 4 will be released after July 4th
Musk wrote that he and the xAI team worked overnight, and Grok 4 has made good progress. It is expected to be released after July 4, and it is planned to conduct large-scale training of a dedicated programming model for it.
OSL Group plans to acquire all shares of Banxa for up to 85.2 million Canadian dollars
OSL Group (00863), a Hong Kong-listed company, announced that it intends to acquire all the shares of Banxa through its indirect wholly-owned subsidiary OSL BNXA Acquisition Inc. according to a plan of arrangement, with a maximum total purchase price of approximately 85.2 million Canadian dollars. Banxa is a cryptocurrency infrastructure provider listed on the Toronto Stock Exchange Venture Exchange, with business covering Europe, North America and Australia. The acquisition is in line with OSL Group's strategic layout for global expansion in the digital asset industry.
Pump Fun launches version 2.0, adding new features such as one-click follow-up investment
Pump Fun 2.0 has been released, adding new features such as "movers feed" dynamic list, "tap-to-ape" one-click buying, etc., to achieve extremely fast operation across any mobile application, and a news section to display the most popular currencies in the ecosystem. Users can download and experience it on iOS and Android platforms. It is worth noting that the app is not yet open to British users.
Robinhood Launches Micro Futures Contracts for XRP and Solana
Robinhood launches micro futures contracts for XRP and Solana, and launches a micro version of its existing Bitcoin Friday futures. Micro futures are smaller futures contracts that allow traders to speculate or hedge on price movements of assets such as stock indices, commodities or currencies, with lower capital requirements and less risk than standard futures.
Robinhood began rolling out its futures products for foreign exchange, indices, commodities, and cryptocurrencies earlier this year. Its first cryptocurrency futures were all cash-settled and included Bitcoin futures, Micro Bitcoin futures, Bitcoin Friday futures, and ETH futures. Later, Robinhood expanded to XRP and Solana futures.
Ripple decides to withdraw cross-appeal against the US SEC
Ripple has decided to withdraw its cross-appeal in its case with the U.S. Securities and Exchange Commission (SEC). A cross-appeal allows one party to a lawsuit to challenge different aspects of a court ruling. Previously, the court had rejected for the second time the settlement request submitted by Ripple and the SEC, which proposed to reduce the fine to $50 million and revoke the permanent ban on Ripple. Ripple ultimately chose to accept the original $125 million civil penalty, and the permanent ban is expected to remain in effect. Ripple CEO Brad Garlinghouse said that Ripple's years-long lawsuit with the U.S. SEC is about to turn a new page and end this chapter.
Earlier news, the SEC and Ripple asked the court to rule on a fine of US$125 million, seeking to end years of litigation.
Important data
The latest report from blockchain intelligence company TRM Labs shows that the cryptocurrency industry suffered losses of up to $2.1 billion from hacker attacks in the first half of 2025, of which more than 80% were due to infrastructure vulnerabilities such as private key theft, mnemonic hijacking and front-end hijacking. The report pointed out that North Korean-related hacker groups accounted for up to 70% of the stolen funds, mainly used to fund weapons projects. TRM Labs called on the industry to strengthen multi-factor authentication, cold wallet storage and cross-border collaboration to jointly respond to escalating security threats.
According to Arkham data, BlackRock has purchased a total of $1.15 billion worth of Bitcoin this week, and its total Bitcoin holdings have now reached a record high of $77.7 billion.
a16z transferred 300,000 COMP to Coinbase Prime in the past 40 minutes, worth about $13.75 million
According to on-chain analyst Ember, crypto VC a16z transferred 300,000 COMP (US$13.75 million) to Coinbase Prime in the past 40 minutes. a16z is the lead investor in Compound and received 1 million COMP (10% of the total COMP) in March 2020. After transferring 300,000 COMP this time, a16z still holds 500,000 COMP (US$22.9 million).
The Trump team transferred a total of approximately $20.5 million of Trump to Binance and OKX
According to Onchain Lens, the $TRUMP team sent approximately 2.277 million TRUMP (approximately US$20.5 million), 1.25 million USDC, and 1,292 SOL (US$187,000) to Binance and OKX.
Institutional holdings
Bitcoin Treasury Corporation, a Canadian-listed company, announced that the initial phase of its Bitcoin holdings plan has been completed. The company acquired 478.57 Bitcoins for a total price of 70 million Canadian dollars (approximately 51.16 million US dollars). Currently, the company holds 771.37 Bitcoins on its balance sheet. The company will continue to increase its Bitcoin holdings in the future as part of its broader strategy to build long-term shareholder value.
Earlier news , Bitcoin Treasury Corporation was listed on the Toronto Stock Exchange and completed its first purchase of 292.8 BTC.
