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1 hour ago

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HashKey Cloud and EAG Launch ETH Staking Contribution Pool

HashKey Cloud and EAG have announced the launch of the EAG Contribution Pool, a new initiative aimed at supporting the Ethereum application ecosystem through ETH staking rewards. This collaboration is designed to incentivize the development of Ethereum-native applications by providing financial support to developers and projects. Looking ahead, HashKey Cloud and EAG plan to expand their partnership by engaging more developers, communities, and institutions. Their goal is to foster a robust environment for long-term builders and enhance the growth of Ethereum-based applications.

ETH +0.16%
1 hour ago

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SK Hynix Overtakes Samsung Electronics in Market Capitalization

SK Hynix briefly surpassed Samsung Electronics in market capitalization during trading, becoming South Korea's most valuable company. This shift highlights the dynamic nature of the tech sector in South Korea, where SK Hynix and Samsung Electronics are major players. The change in market cap underscores the competitive landscape and investor interest in SK Hynix's growth potential.
1 hour ago

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South Korea Proposes Expanding Travel Rule to Small Crypto Transactions

South Korea's Financial Intelligence Unit (FIU) has proposed expanding the Travel Rule to include small-value virtual asset transactions. This proposal was made at the FATF plenary meeting, highlighting the need to address money laundering risks in cross-border digital asset transactions. The FIU recommends applying the Travel Rule to both originating and beneficiary virtual asset service providers (VASPs) and extending its scope to smaller transactions. The proposal also suggests imposing transaction restrictions on high-risk unregistered VASPs and strengthening customer identity verification. This initiative aligns with South Korea's planned regulatory changes in August, which aim to lower the transaction threshold for the Travel Rule from 1 million won to below 1 million won, in response to the increasing use of overseas and unregistered VASPs by criminal organizations.
1 hour ago

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Bitbase Launches BWTC 2026 Global Trading Competition

Bitbase has announced the opening of registration for the BWTC 2026 Global Trading Competition, featuring two distinct tracks: the Team Elite Tournament and the Gold Cup Trading Tournament. The competition emphasizes judgment over luck, with a focus on teamwork and individual trading skills. A unique return rate dimension rewards capital efficiency, rather than just trading volume. The prize pool, which can reach up to 1,000,000 USDT, will be dynamically unlocked based on the number of valid participants.

USDT -0.01%
1 hour ago

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Kalshi Eyes IPO Amid $2 Billion Revenue Milestone and Legal Challenges

Kalshi, a leading predictive platform, has surpassed $2 billion in annualized revenue and is exploring an initial public offering (IPO) as early as late 2027 or 2028. The company recently completed a $1 billion funding round led by Coatue Management, boosting its valuation to $22 billion. Kalshi's total trading volume has reached $52.7 billion, with a daily average of $29.27 million, and it commands over 90% of the U.S. predictive market share. Despite its financial success, Kalshi faces significant legal hurdles. The company is embroiled in jurisdictional disputes over whether its event contracts fall under federal or state gambling laws. Arizona has filed criminal charges against Kalshi, alleging illegal gambling activities, while the CFTC defends its jurisdiction over such contracts. The outcomes of these legal battles could impact Kalshi's business model and IPO prospects. Kalshi's CEO, Tarek Mansour, has dismissed the charges as unfounded and is pursuing legal action against Arizona. Kalshi's potential IPO is contingent on resolving these legal issues and securing cooperation from the SEC. If successful, the IPO could raise over $1 billion, driven by continued revenue growth from sports events and election cycles.
2 hours ago

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Crypto Whale Faces $600,000 Loss on 20x Short Position

A cryptocurrency whale has incurred unrealized losses exceeding $600,000 after shorting major crypto tokens with a 20x leverage. HyperInsight monitoring revealed that the whale's position is currently underwater, highlighting the risks associated with high-leverage trading in volatile markets.
2 hours ago

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Ethereum to Develop Multi-Institutional Support System for Mainnet and Layer 2

Ethereum co-founder Joseph Lubin announced plans to establish a multi-institutional support system aimed at enhancing the synergistic development of Ethereum's mainnet, Layer 2 networks, and private Ethereum. Lubin emphasized Ethereum's unique position as the only global coordination and digital asset settlement platform that offers "trusted neutrality." He highlighted the platform's core strengths, which include a rigorously decentralized architecture and foundational principles such as trusted neutrality, censorship resistance, open-source development, and privacy protection. These attributes, according to Lubin, continue to set Ethereum apart in the blockchain ecosystem.

ETH +0.16% MATIC -9.52% OP -2.62%
2 hours ago

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Toss Bank to Leverage Solana for Global Remittance Pilot

South Korea's Toss Bank is set to utilize Solana's blockchain for a proof-of-concept aimed at enhancing global remittance and settlement services. This initiative seeks to provide faster and more cost-effective cross-border transactions for the bank's 15 million customers. The move highlights Toss Bank's commitment to integrating advanced blockchain solutions to improve financial services.

SOL +0.49%
2 hours ago

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HYPE Spot ETFs Attract $27.95 Million in Weekly Net Inflows

HYPE spot ETFs experienced significant investor interest last week, recording net inflows of $27.95 million from June 14 to June 18. The Bitwise ETF BHYP led the inflows with $24.5136 million, bringing its total historical net inflow to $118 million. The Grayscale ETF HYPG followed with $2.1716 million in net inflows, reaching a total historical net inflow of $9.12 million. As of the latest update, the total net asset value of HYPE spot ETFs is $221 million, with a net asset ratio of 1.45%.
2 hours ago

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XRP Spot ETFs Attract $10.66 Million in Weekly Net Inflows

XRP spot ETFs experienced a net inflow of $10.66 million during the trading week from June 14 to June 18, according to SoSoValue data. The Franklin Templeton ETF XRPZ led the inflows with $6.689 million, bringing its total historical net inflow to $406 million. The Bitwise ETF XRP followed with a $3.9732 million inflow, raising its total historical net inflow to $476 million. As of the latest data, the total net asset value of XRP spot ETFs stands at $995 million, with the ETF net asset ratio reaching 1.39% of XRP's total market cap. Cumulative historical net inflows for XRP spot ETFs have reached $1.45 billion.

XRP -1.14%
3 hours ago

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Bittensor Co-founder Unveils Decentralization Roadmap, Aiming for 18-Month Completion

Bittensor co-founder const has outlined a comprehensive roadmap for achieving full decentralization within the next 18 months. Despite the project's five-year history and decentralized ownership distribution, the economic incentive layer remains under the core team's control. The roadmap includes plans to enhance validator competition and introduce liquidity pools to balance market dynamics. Additionally, a new conviction mechanism will empower Alpha token holders with voting rights. Future updates will also refine the TaoFlow algorithm to optimize inflation allocation. The goal is to align incentives, optimize value, and ensure true ownership, ultimately eliminating centralized control. The team prioritizes rapid iteration over democratized decision-making to expedite these developments.

ALPHA -2.28% TAO -2.82%
3 hours ago

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AI Sector Leads Crypto Market Gains with Nearly 3% Rise

The cryptocurrency market saw broad gains, with the AI sector leading the charge, rising 2.87% over the past 24 hours, according to SoSoValue data. Notable performers in the AI sector included Unibase (UB), which surged 54.91%, Billions Network (BILL) up 8.37%, and Worldcoin (WLD) increasing by 6.26%. Other sectors also experienced growth, with DeFi up 1.02%, led by LAB's 20.69% rise, and CeFi gaining 0.63%, with OKB increasing by 1.41%. The Meme sector rose 0.56%, highlighted by OFFICIAL TRUMP's 7.77% gain. Layer2 and Layer1 sectors saw modest increases of 0.21% and 0.20%, respectively, with Polygon (POL) up 0.93% and Aptos (APT) rising 2.76%. In contrast, the PayFi sector saw a slight decline of 0.03%, despite Ultima (ULTIMA) rising 5.08%. The GameFi sector fell 2.61%, with Axie Infinity (AXS) dropping significantly by 14.40%.

APT +2.03% BILL +8.87% LAB +10.07% OKB +0.81% POL -0.20%
3 hours ago

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Zhipu AI Shares Surge Over 20%, Exceed HK$2,500

Zhipu AI, listed on the Hong Kong Stock Exchange under the ticker 02513.HK, has seen its stock price soar by more than 20%, surpassing the HK$2,500 mark. This significant price movement highlights growing investor interest and confidence in the company's prospects.
4 hours ago

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Zhinao H-Shares and Zhigu Stocks Surge Amid Market Rally

Zhinao's H-shares experienced a significant surge, climbing over 12% intraday and pushing its total market capitalization beyond HK$1 trillion. This marks a notable increase in investor interest and market activity. Meanwhile, Zhigu (02513.HK) also saw a remarkable rise, with its intraday market capitalization exceeding HK$100 billion. The stock has surged over 1,900% year-to-date, reflecting a strong upward trend and currently stands more than 12% higher.
4 hours ago

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Phemex Crypto Market Daily: Bitcoin Index Options Approved by SEC; BTC, ETH Hold Steady Amid Volatility (Jun 22)

Key Takeaways:
1. Macro Environment The Federal Reserve's reduced forward guidance has increased market volatility and raised US Treasury yields. Persistent US inflation may delay rate cuts, keeping liquidity tight and pressuring crypto prices. The SEC's approval of Bitcoin index options for Nasdaq could boost institutional participation and market liquidity. 2. Crypto Market The crypto market is mixed, with Bitcoin at $64,028 (-0.24%) and Ethereum at $1,730.4 (-0.20%) showing slight declines. Solana outperformed, up 0.78% to $73.59, while LAB surged 21.4% and PUMP.fun rose 5.96%. Meme and DeFi tokens saw notable volatility, driven by sector rotation and ecosystem developments. 3. Today's Outlook Today, the US Final Q1 GDP data will be released, with forecasts at 1.6% and 3.5%. Fed's Waller and ECB President Lagarde are scheduled to deliver speeches, which may influence global risk sentiment and crypto market volatility.

BTC -0.30% ETH +0.16% LAB +10.07% PUMP +3.13% SOL +0.49%
4 hours ago

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South Korea's KOSPI Index Gains 2% as SK Hynix Surges 6%

South Korea's KOSPI index experienced a notable rise of 2.00% during intraday trading, reflecting positive market sentiment. Leading the charge, SK Hynix, a major player in the semiconductor industry, saw its shares surge by 6%, reaching 2,936,000 KRW. This significant movement highlights investor confidence in the tech sector amidst broader market gains.
4 hours ago

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US-Iran High-Level Talks Conclude with 60-Day Roadmap Agreement

The first round of high-level talks between the United States and Iran has concluded in Switzerland, as announced in a joint statement by Qatar and Pakistan. The discussions, held under a memorandum of understanding, resulted in the establishment of a high-level committee to oversee mediation efforts. This committee will receive regular reports from chief negotiators and has agreed on a 60-day timeline to reach a final agreement, paving the way for further technical discussions. Additionally, the parties have agreed to form a conflict de-escalation coordination group involving relevant parties and Lebanon, with mediator assistance, to halt military operations in Lebanon. Technical talks are set to continue this week at the Bürgenstock Resort in Switzerland.
4 hours ago

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Tech and Crypto Firms Unite to Combat Illegal Wildlife Trade

Major tech companies including Google, Meta, TikTok, and Alibaba, alongside several cryptocurrency firms, have pledged to combat illegal wildlife trade. These companies, which account for a significant portion of the global e-commerce and social media markets, will employ AI detection to identify and remove illegal wildlife product transactions from their platforms. Additionally, firms like Vodafone will implement AI on the M-Pesa mobile payment platform to enhance anti-money laundering efforts. Crypto and payment companies such as PayPal, TRM Labs, Chainalysis, and Luno have committed to disrupting financial flows linked to wildlife trafficking. This initiative comes as a United Nations report highlights the $23 billion annual revenue generated by wildlife trade and the looming extinction threat to approximately 1 million species.

CHAIN -10.25% TRM
4 hours ago

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SpiderPool Mines Empty Bitcoin Block at Height 954,352

SpiderPool mined an empty Bitcoin block at height 954,352 on June 19, containing only the Coinbase transaction and no user transactions. The block was mined with a 62-second interval from the previous block. Such occurrences, while rare, happen when miners use a Coinbase-based template due to fast block intervals, foregoing transaction fees. Empty blocks are not indicative of issues within the Bitcoin network and do not breach consensus rules. However, repeated occurrences could highlight miners' timing strategies. Mining pools sometimes opt for empty templates as they are smaller and transmit faster, despite the loss of transaction fee revenue.

BTC -0.30%
5 hours ago

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South Korea's KOSPI Index Drops 1.2% at Market Open

The Korea Composite Stock Price Index (KOSPI) opened with a significant decline, falling 108.82 points or 1.2%, to 8,943.6. This drop reflects broader market trends as the Nikkei 225 Index also opened lower, down 36.39 points or 0.05%, at 71,213.67.

HashKey Cloud and EAG Launch ETH Staking Contribution Pool

SK Hynix Overtakes Samsung Electronics in Market Capitalization

South Korea Proposes Expanding Travel Rule to Small Crypto Transactions

Bitbase Launches BWTC 2026 Global Trading Competition

Kalshi Eyes IPO Amid $2 Billion Revenue Milestone and Legal Challenges

Crypto Whale Faces $600,000 Loss on 20x Short Position

Ethereum to Develop Multi-Institutional Support System for Mainnet and Layer 2

Toss Bank to Leverage Solana for Global Remittance Pilot

HYPE Spot ETFs Attract $27.95 Million in Weekly Net Inflows

XRP Spot ETFs Attract $10.66 Million in Weekly Net Inflows

Bittensor Co-founder Unveils Decentralization Roadmap, Aiming for 18-Month Completion

AI Sector Leads Crypto Market Gains with Nearly 3% Rise

Zhipu AI Shares Surge Over 20%, Exceed HK$2,500

Zhinao H-Shares and Zhigu Stocks Surge Amid Market Rally

Phemex Crypto Market Daily: Bitcoin Index Options Approved by SEC; BTC, ETH Hold Steady Amid Volatility (Jun 22)

South Korea's KOSPI Index Gains 2% as SK Hynix Surges 6%

US-Iran High-Level Talks Conclude with 60-Day Roadmap Agreement

Tech and Crypto Firms Unite to Combat Illegal Wildlife Trade

SpiderPool Mines Empty Bitcoin Block at Height 954,352

South Korea's KOSPI Index Drops 1.2% at Market Open