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2 hours ago

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SEC's Hester Peirce Advocates for Clear Regulation of Digital Assets

SEC Commissioner Hester Peirce has called for clearer regulatory frameworks for digital assets, emphasizing the importance of self-custody and financial privacy. Speaking on perpetual contracts and prediction markets, Peirce highlighted the need for regulations that balance market innovation with investor protection. She revisited the Rule 611 "trade-through" proposal, advocating for a strict and narrowly tailored "innovation exemption" to foster market growth while safeguarding investors. Peirce's remarks underscore the necessity of integrating self-custody and financial privacy as foundational rights in future digital asset regulations.
2 hours ago

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Serenity Highlights Undervalued Asian Tech Stocks with NAV Discounts

Renowned investor "White-Haired Stock God" Serenity has identified several undervalued Asian technology stocks trading at discounts to their net asset value (NAV). Serenity's analysis focuses on companies like Wistron, which he considers a top-conviction holding with a market cap of approximately USD 16.2 billion and a Q1 revenue surge of 144% year-on-year. Wistron holds a 35.46% stake in Wiwynn, valued at 0.66 times Wistron's market cap, highlighting its growth potential. Serenity also points to Priortech's 21% stake in Camtek, valued at 1.35 times Priortech's market cap, and GlobalWafers, which shows a significant NAV discount with a market cap of USD 3.5 billion against a stake value of USD 7.9 billion. Additionally, Korean companies Iljin Holdings and Simmtech Holdings are noted for their NAV discounts, though Serenity remains cautious about corporate governance in Korea. While his analysis is ongoing, Serenity suggests a potential increase in position concentration in these stocks, citing their growth capacity and NAV re-rating potential.
2 hours ago

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Gold Jewelry Prices Plummet by Nearly 450 Yuan Per Gram in 2026

International gold prices have continued to decline, impacting the cost of gold jewelry significantly. As of the New York close on June 19, spot gold prices fell by 0.79% to $4,154.78 per ounce, while gold futures decreased by 1.72% to $4,172.9 per ounce. This downturn in international gold prices has led to a substantial reduction in the price of pure gold jewelry from various domestic brands, now priced at approximately 1,260 yuan per gram, marking a drop of nearly 450 yuan from the year's peak.
2 hours ago

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Token Listing on NYSE Faces $10-20M Underwriting Barrier

A token listing on the New York Stock Exchange (NYSE) as a registered security is feasible, according to Luca Netz, who highlights that Igloo has developed the necessary instrument for such a listing. However, the primary obstacle remains the substantial cost of traditional finance underwriting, estimated between $10 million and $20 million. This insight was shared during a discussion on the podcast Uneasy Money, featuring industry figures such as Kaiynne, Tayvano, and Stowell Porter.
2 hours ago

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THORChain Nears Completion of Network Recovery

THORChain announced that its network recovery is in the final stages, with key verification underway. The KeyVerify protocol is being used to ensure the integrity of each node's key sharing, a crucial step before funds can be transferred. Once verification is complete, the network will proceed with transferring all funds to new vaults, a process that could take from several hours to a few days. Following the fund transfer, the network will quickly move to re-enable secure asset and transaction operations, liquidity provider activities, and trading functions. This update follows THORChain's release of a recovery plan after a recent attack, with node operator voting already initiated.

RUNE -2.81%
2 hours ago

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Malaysia Updates Civil Servant Asset Rules to Include Digital Assets

Malaysia has revised its asset declaration rules for civil servants, significantly increasing the shareholding limits and incorporating digital assets into the regulatory framework. Under the new guidelines issued by the Malaysian Public Service Department, civil servants can now hold shares in Malaysian companies up to 5% of the company's paid-up capital or RM300,000 in total value, whichever is lower. This marks a substantial increase from the previous RM100,000 cap. For the first time, digital assets are included in the regulations, highlighting a move towards greater transparency and accountability in civil servants' investment activities. The changes aim to align with the evolving financial markets and investment instruments, ensuring that civil servants' investments are adequately regulated.
2 hours ago

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OpenRouter Launches Fusion Model for Cost-Effective AI Intelligence

OpenRouter has introduced Fusion, a new compound model touted as the world's smartest, offering Fable-level intelligence at half the cost. Users can access Fusion through a web chat interface by signing into their OpenRouter account and adding the model, or via API with any OpenAI-compatible client. The setup process is designed to be quick, taking less than 60 seconds, and requires users to create a free account and generate an API key.
2 hours ago

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Bitdeer Reports Zero Bitcoin Holdings After Selling 218.1 BTC

Bitcoin mining firm Bitdeer, listed on Nasdaq, has disclosed that it currently holds zero Bitcoin. For the week ending June 19, Bitdeer mined 218.1 BTC but sold the entire amount, resulting in no net addition to its Bitcoin holdings. This marks a continuation of the company's strategy to liquidate its mined Bitcoin immediately.

BTC +1.64%
2 hours ago

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Zodiac Identifies ERC-1271 Flaw Allowing Authentication Bypass

Zodiac has published a security incident report revealing a critical flaw in the ERC-1271 transaction signature verification logic. The vulnerability, affecting the Zodiac Roles Modifier, allowed attackers to bypass module authentication by exploiting the system's reliance on a "magic value" to determine signature validity. This oversight meant that failed verifications could be falsely recognized as valid, compromising the module's security. The report highlights the need for enhanced verification processes to ensure that signature checks are not solely dependent on the "magic value" but also confirm the success of the call itself. Zodiac's disclosure underscores the importance of rigorous security measures in smart contract implementations to prevent similar vulnerabilities.
2 hours ago

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Kelp DAO Discontinues rsETH Cross-Chain Bridge, Offers One-Year Recovery

Kelp DAO has officially discontinued its rsETH cross-chain bridging services across 20 networks. Despite the cessation, the organization assures users that their asset backing remains secure. Users who have not completed cross-chain operations by the deadline will have a one-year window to recover their assets through a designated recovery process.

KELP RSETH +2.07%
2 hours ago

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Hyperliquid's Revenue Per User Surpasses Traditional Platforms

Hyperliquid's average revenue per user stands at approximately $56.42 million, significantly outpacing traditional trading platforms like CME Group. The company's "protocol-level infrastructure" model allows for high efficiency, with revenue closely matching net profit and minimal operating costs. This model benefits from a structural advantage where revenue growth does not require proportional increases in headcount. However, the current profitability could face challenges if regulatory and compliance costs rise in the future.
3 hours ago

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Chinese Prosecutors Advocate Using Wallet Addresses to Combat Crypto Money Laundering

Chinese prosecutors have emphasized the importance of using virtual currency wallet addresses as a key entry point in tackling money laundering cases involving cryptocurrencies. According to an article published on the official WeChat account of Chinese prosecutors, leveraging blockchain technology to analyze on-chain data characteristics and the flow of funds in fraudulent schemes can help identify various money laundering activities conducted through virtual currencies. The article suggests that case handling practices should focus on the cross-border nature of electronic evidence in virtual currency money laundering crimes. It highlights the need to establish identity and transaction correlations as core proof elements and to clarify evidence collection points. By building a model that combines domestic evidence collection with cross-border supplementation, the integrity and stability of the evidence system can be enhanced. Additionally, the article calls for the standardization of unilateral evidence collection and bilateral judicial assistance, aiming to improve the precision of cross-border evidence requests and preemptive evidence standards, thereby enhancing the quality and efficiency of handling such cases.
3 hours ago

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Ki Young Ju: Bitcoin-Altcoin Capital Rotation Fades, Altcoin Era May End

CryptoQuant founder Ki Young Ju has highlighted a significant shift in the cryptocurrency market dynamics, noting that the capital rotation between Bitcoin and altcoins has largely disappeared. Since 2021, there has been a marked decline in Bitcoin-to-altcoin trading volumes, suggesting that the previous trend where altcoins rose in tandem with Bitcoin may be coming to an end. This development indicates a potential change in how altcoins are valued and traded in relation to Bitcoin.

ALT +0.84% BTC +1.64%
3 hours ago

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Gold Prices to Remain Range-Bound Amid Key U.S. Inflation Data Release

Gold prices are expected to remain range-bound next week as investors focus on the upcoming U.S. core Personal Consumption Expenditures (PCE) price index release. This data is anticipated to provide insights into the Federal Reserve's future interest rate decisions. Stephen Innes, managing partner at SPI Asset Management, emphasized the significance of the core PCE, stating it will be a pivotal event for gold and rates markets. Innes warned that a stronger-than-expected inflation reading could strengthen the dollar and push yields higher, potentially leading to increased volatility in gold prices. Investors should be cautious of potential sell-offs, especially if gold tests the $4,000-per-ounce level.
4 hours ago

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China to Develop Cross-Border Blockchain Infrastructure for Digital RMB

The People's Bank of China, along with several national regulatory bodies and the Shanghai Municipal Government, has announced plans to develop cross-border and offshore blockchain infrastructure for the digital RMB. This initiative, outlined in the newly issued *Action Plan for Developing Offshore Finance in the Shanghai International Financial Center*, aims to ensure secure and controllable operations. The plan emphasizes the construction and operation of digital RMB infrastructure, focusing on international connectivity and the expansion of its use in offshore business. The initiative seeks to prudently advance interconnection with overseas financial systems, promoting the digital RMB's application in global markets.

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4 hours ago

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Starknet's mySwap Protocol Exploited, $300,000 Drained

Starknet's AMM protocol mySwap has suffered a significant exploit, resulting in the loss of approximately $300,000 from its liquidity pools. The vulnerability affected the mySwap CL protocol, which has been inactive for over six months, with no new liquidity injections accepted during this period. The stolen funds were primarily residual LP positions spread across more than 100,000 positions. The attacker managed to bridge the stolen assets and utilized Railgun to obscure the transaction flows, nearly depleting all remaining liquidity in the protocol. mySwap has confirmed the incident and is currently assessing the full impact of the exploit.

RAIL +4.69% STRK -0.21%
4 hours ago

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Phemex Crypto Market Daily: BTC Steady, Altcoins Mixed as US Tightens Stablecoin KYC Rules (Jun 20)

Key Takeaways:
1. Macro Environment The Federal Reserve maintained rates at 3.50%-3.75% with a hawkish bias, strengthening the US dollar and pressuring crypto liquidity. US regulators proposed strict KYC rules for stablecoin issuers, raising compliance costs and impacting market access. The SEC and CFTC opened public comments on crypto derivatives definitions, signaling potential shifts in US regulatory oversight. 2. Crypto Market Bitcoin (BTC) trades at $63,404 (+0.67%) and Ethereum (ETH) at $1,707 (-0.32%), with BTC steady and ETH slightly lower amid cautious sentiment. Altcoins show mixed performance; Audiera (BEAT) leads with +11.44%, DEXE (DEXE) up 0.95%, and Quant (QNT) gains 1.12%. BEAT's rally is driven by high trading activity, while broader market momentum remains subdued. 3. Today's Outlook No major token unlocks or protocol upgrades are scheduled for today. Market participants are focused on upcoming macroeconomic data and regulatory developments, which may influence volatility and sector rotation in the near term.

BEAT +7.24% BTC +1.64% DEXE -1.58% ETH +1.69% QNT +1.93%
4 hours ago

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EU to Enforce New AML Rules Banning Privacy Coins by July 2027

The European Union is set to implement stringent anti-money laundering (AML) regulations starting July 10, 2027, which will see a complete ban on privacy coins and anonymous accounts. Crypto-asset service providers (CASPs) will be required to enforce enhanced "Know Your Customer" (KYC) procedures for transactions exceeding €1,000. Additionally, the EU will impose a €10,000 cap on commercial cash payments. For cash transactions of €3,000 or more, traders and other obligated entities must verify customer identities and conduct due diligence. These measures aim to curb illicit financial activities and enhance transparency within the EU's financial system.

DASH +5.47% XMR -6.34% XVG +2.98% ZEC +5.36%
5 hours ago

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Iranian Foreign Minister and U.S. Envoy Head to Switzerland Amid Diplomatic Movements

Iranian Foreign Minister Abbas Araghchi is reportedly set to travel to Switzerland on June 20, although his itinerary remains subject to change. This development follows reports that U.S. Presidential Envoy Steve Witkoff is also en route to Switzerland. Additionally, Jared Kushner, son-in-law of U.S. President Donald Trump, is already present in the country. These movements suggest potential diplomatic engagements, though specific details remain undisclosed.
5 hours ago

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Cardone Capital Expands Bitcoin Holdings with 282 BTC Purchase

Cardone Capital, a U.S. real estate investment firm led by billionaire CEO Grant Cardone, has expanded its cryptocurrency portfolio by acquiring an additional 282 Bitcoins. The announcement was made by Cardone himself on the social media platform X, highlighting the firm's continued interest in digital assets. This purchase underscores the growing trend of traditional investment firms diversifying into cryptocurrencies.

BTC +1.64%

SEC's Hester Peirce Advocates for Clear Regulation of Digital Assets

Serenity Highlights Undervalued Asian Tech Stocks with NAV Discounts

Gold Jewelry Prices Plummet by Nearly 450 Yuan Per Gram in 2026

Token Listing on NYSE Faces $10-20M Underwriting Barrier

THORChain Nears Completion of Network Recovery

Malaysia Updates Civil Servant Asset Rules to Include Digital Assets

OpenRouter Launches Fusion Model for Cost-Effective AI Intelligence

Bitdeer Reports Zero Bitcoin Holdings After Selling 218.1 BTC

Zodiac Identifies ERC-1271 Flaw Allowing Authentication Bypass

Kelp DAO Discontinues rsETH Cross-Chain Bridge, Offers One-Year Recovery

Hyperliquid's Revenue Per User Surpasses Traditional Platforms

Chinese Prosecutors Advocate Using Wallet Addresses to Combat Crypto Money Laundering

Ki Young Ju: Bitcoin-Altcoin Capital Rotation Fades, Altcoin Era May End

Gold Prices to Remain Range-Bound Amid Key U.S. Inflation Data Release

China to Develop Cross-Border Blockchain Infrastructure for Digital RMB

Starknet's mySwap Protocol Exploited, $300,000 Drained

Phemex Crypto Market Daily: BTC Steady, Altcoins Mixed as US Tightens Stablecoin KYC Rules (Jun 20)

EU to Enforce New AML Rules Banning Privacy Coins by July 2027

Iranian Foreign Minister and U.S. Envoy Head to Switzerland Amid Diplomatic Movements

Cardone Capital Expands Bitcoin Holdings with 282 BTC Purchase