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6/23
20:54
Svmuu News: The “Law of the People’s Republic of China on People's Bank of China (PBOC) (Revised Draft)” was submitted for its first review at the 23rd Session of the Standing Committee of the 14th National People’s Congress on June 23, 2026. Notably, the phrase “clarifying the legal status of the digital yuan” was included in the revised draft for the first time.
According to reports, the draft for public comment released in 2020 merely stated that “the renminbi includes both physical and digital forms.” This latest revision further elevates the legal status of the digital renminbi.
In addition, the 2020 consultation draft stipulated that no entity or individual may produce or issue tokenized notes or digital tokens to circulate in the market as a substitute for the renminbi.For related violations, the People's Bank of China (PBOC)s have the authority to order the cessation of such activities, destroy illegally produced or issued token vouchers and digital tokens, confiscate illegal gains, and impose fines of up to five times the amount involved. (Caixin)
20:51
Svmuu News: 10x Research has released its latest market report stating that Bitcoin traders have long misinterpreted the metrics of “global money supply” and “global liquidity,” while the movement of the U.S. dollar is one of the key factors influencing the price of Bitcoin.
10x Research points out that the U.S. dollar is currently strengthening across multiple dimensions, and historical experience shows that a stronger dollar typically has a negative impact on Bitcoin. Its U.S. dollar model has triggered only six sell signals since 2011; the most recent one occurred in November 2025, followed by a sustained decline in the price of Bitcoin over the subsequent months.
The report also noted that the global liquidity indicator, which circulated widely in the crypto community last year, was misused by the market. According to their research framework, the indicator issued a buy signal in early March of this year and an exit signal in late April, and the team has already calculated the potential time window for the next trigger.
10x Research stated that the report analyzed the potential time and price ranges for the bottom of this bear market by combining U.S. dollar trends, global liquidity, and other macroeconomic drivers, and concluded that Bitcoin the time window corresponding to the bottom of this cycle is gradually approaching.
20:49
Svmuu News: Nate Geraci, President of ETF Store, posted on X that Atlas Capital—in which “Dr. Doom” Nouriel Roubini has a stake—is planning to launch a digital token backed by U.S.-listed ETFs.
Citing relevant remarks, Nate Geraci noted, “Bitcoin, and other cryptocurrencies are not real money; we need better collateral, higher-quality reserve assets, and more reliable stores of value.”
Geraci believes that, given Roubini’s longstanding criticism of cryptocurrencies, his involvement in launching a product related to digital assets holds significant symbolic importance and represents an industry trend worth watching.
20:46
Svmuu News: Sonic Labs announced several governance and operational adjustments on X. The Fantom Opera network, originally scheduled to shut down at the end of this month, will continue to operate at least through the end of 2026, and the corresponding cross-chain bridge will continue to receive funding support during this period. Sonic Labs stated that this decision was made in response to community feedback.
At the same time, the team announced the removal of the broad “Contributors” label and unveiled a new leadership structure. Matt Visser has been appointed Chief Executive Officer (CEO); he has a background in product management and financial restructuring, having co-founded Squire.Law and led Web3 product strategy; Kosta Kourkoumelis has been appointed Chief Operating Officer (COO). He brings over 20 years of experience in the financial services and digital asset industries and has been involved in ecosystem development since the Fantom ICO phase.
Previously, Andre Cronje announced his resignation from the Sonic Labs board of directors, stating that he will focus on technical research and development in the future.
20:44
Svmuu News: Mythos, a cybersecurity system developed by Anthropic, has identified security vulnerabilities in U.S. critical infrastructure during testing.
20:42
Svmuu News: According to Onchain Lens, a newly created wallet withdrew 278,827 HYPE tokens—worth $17.45 million—from Coinbase and may continue to withdraw more HYPE.
20:40
Svmuu News: According to OKX data, BTC has broken through 63,000 USDT and is currently trading at 63,008.9 USDT, with the 24-hour decline narrowing to 1.57%.
20:38
Svmuu News: According to OKX market data, SOL has broken through 70 USDT and is currently trading at 70.01 USDT, with its 24-hour decline narrowing to 2.22%.
20:30
Svmuu News: According to Gate data, South Korea’s KOSPI index continues to rise, with gains widening to 4%. Among individual stocks, SK Hynix is up more than 5%.
20:29
Svmuu News: According to Onchain Lens, after a month of inactivity, a whale withdrew 96,930 HYPE tokens, worth $6.01 million, from BitGo. The wallet currently holds 139,206 HYPE tokens, worth $8.6 million.
20:29
Svmuu News: A Fox Business crypto reporter posted on X that four law enforcement agencies stated in a letter to government officials that they remain concerned about certain provisions of the Clarity Act, including Section 604 of the “Blockchain Regulatory Certainty Act,” arguing that this provision would create gaps in regulation and accountability and hinder the investigation and prosecution of illegal activities. The organizations also argued that the bill fails to adequately establish safeguards commonly used by traditional financial institutions and could exempt certain crypto participants from some KYC/AML reporting requirements. In the preceding weeks, these organizations, along with the administration, Congress, and the crypto industry, held meetings to address issues with the bill’s wording, with a particular focus on the BRCA. The BRCA has become a central point of contention in negotiations to advance the Clarity Act to the Senate for consideration. Both GLFOP and NAPOpolice were deeply involved in these discussions but did not sign the letter.
20:28
Svmuu News: According to Onchain Lens monitoring, an A16Z-related wallet (0xb5E...24e) withdrew another 12,780 ETH, worth $21.21 million, from Binance, bringing the cumulative total to 25,560 ETH, worth $42.30 million. The funds were subsequently transferred to a new wallet.
20:28
Svmuu News: According to Onchain Lens, two newly created wallets suspected of belonging to Bitmine (0x9c5... A16, 0x95d...c44) have withdrawn 35,138 ETH, worth $58.39 million, from BitGo and Kraken.
20:20
Svmuu News: Turbos Finance has announced the launch of its “Stable Range Farming” feature, designed to address the issue of stablecoin liquidity providers (LPs) frequently losing mining rewards due to minor price deviations from the peg.
According to the announcement, this feature automatically allocates users’ liquidity within a preset reward range and calibrates it to the normal fluctuation range of stablecoins, thereby reducing instances where positions fall outside the farming range due to price deviations.
Turbos Finance states that once users complete a one-time setup, they can continuously earn yields without the need for frequent position rebalancing. Additionally, this feature offers exclusive liquidity mining rewards for stablecoin pools to enhance the efficiency of LP capital utilization and the stability of returns.
20:18
Svmuu News: According to data from SoSoValue, the HYPE spot ETF recorded total net inflows of $1.4583 million yesterday (June 23, Eastern Time).
The HYPE spot ETF with the highest net inflows yesterday was the Grayscale Hyperliquid Staking ETF (HYPG), which recorded a single-day net inflow of $1.0991 million; its cumulative historical net inflows now total $10.2178 million.
Next was the 21Shares Hyperliquid ETF (THYP), with a single-day net inflow of $359,200; its total historical net inflow now stands at $61,825,000.
As of press time, the total net asset value of the HYPE spot ETF stood at $203 million, with a net asset ratio of 1.47% and cumulative historical net inflows reaching $184 million.
20:17
Svmuu News: According to Gate data, the South Korean KOSPI index extended its gains to 2.5%, with Samsung Electronics shares rising 3% and SK Hynix shares rising 3.4%.
20:14
Svmuu News: Chainlink has announced the launch of the Pangea project in collaboration with FairSquareLab, UniKA, and the euro-pegged stablecoin alliance Qivalis, with the aim of exploring real-time cross-border foreign exchange settlement models based on stablecoins.
According to the announcement, UniKA’s steering committee consists of Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA, with more than ten South Korean commercial banks participating; Qivalis is supported by 37 leading European banks. Collectively, these institutions represent over $10 trillion in assets under management.
The Pangea project will leverage Chainlink’s data, interoperability, and orchestration standards, as well as FairSquareLab’s on-chain foreign exchange settlement technology, to enable direct atomic transactions between the euro, South Korean won, and other compliant fiat-pegged digital assets, and will drive the transition of the foreign exchange market from traditional T+2 settlement to a T+0 real-time settlement model.
18:10
Svmuu News: U.S. Senate Democrats have sent a letter to Republican leadership demanding an immediate hearing on the potential ties between the Donald Trump family’s crypto project, World Liberty Financial, and the Abu Dhabi royal family.
This follows a report by The Wall Street Journal stating that an investment entity backed by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, secretly acquired a 49% stake in World Liberty Financial. The project is a DeFi and stablecoin initiative, with Donald Trump, and his three sons listed as advisors.
According to the report, the agreement was signed by Eric Trump on Donald Trump four days before ’s presidential inauguration in January 2025. The deal was valued at $500 million, half of which had already been paid in advance.Approximately $187 million flowed to entities controlled by the Donald Trump family, while at least $31 million went to entities linked to the family of World Liberty co-founder Steve Witkoff. Witkoff was later appointed U.S. Special Envoy to the Middle East, and his son, Zach Witkoff, currently serves as CEO of World Liberty.
Donald TrumpHe stated that he was unaware of this $500 million investment and was not directly involved in the day-to-day operations of World Liberty Financial. Democrats believe this matter involves a potential conflict of interest between the president’s family’s business interests, foreign capital, and government diplomatic positions, and have therefore called on the Republican-led Senate to launch an investigation as soon as possible.
18:09
Svmuu News: U.S. President Donald Trump signed two executive orders on Monday aimed at accelerating the development of U.S. quantum computing capabilities and advancing the migration of government systems to post-quantum cryptography. Although the executive orders do not directly mention Bitcoin, cryptography industry experts believe this could benefit research and development into post-quantum security for blockchain.
The two executive orders focus, respectively, on defending against advanced cryptographic attacks and advancing the frontiers of quantum innovation. They include specific timelines: advancing the development of quantum sensors by September 2028, and requiring federal high-value assets and high-impact systems to complete the transition to post-quantum cryptography by the end of 2031.
Alex Pruden, CEO of Project Eleven, stated that this signifies the U.S. government’s commitment to investing resources and time to achieve post-quantum security goals. He added that these requirements may be extended to the entire federal contractor ecosystem—not just government agencies—thereby accelerating the implementation of post-quantum cryptographic technologies.
This policy comes as concern over quantum threats continues to grow within the blockchain industry. Organizations such as the Ethereum Foundation and the Solana Foundation have already begun advancing post-quantum security research and development, and the Bitcoin community is also discussing potential risks. Some public addresses exposed via Bitcoin are believed to face the risk of private keys being derived once powerful quantum computers emerge in the future.
Pruden pointed out that this executive order explicitly sets the deadline for the adoption of post-quantum cryptography at 2031, making it more enforceable than the U.S. government’s previous guidance, which only called for phasing out traditional cryptographic systems by 2035.For Bitcoin and the broader crypto industry, government-level investment in post-quantum security may accelerate the maturation of related tools, standards, and migration paths.
18:07
Svmuu News: CryptoQuant states that Michael Saylor’s Strategy should currently suspend further purchases of Bitcoin and instead prioritize rebuilding its cash reserves, as its dividend obligations have risen significantly, its cash reserves have fallen sharply, and its unrealized losses on Bitcoin have widened.
Julio Moreno, Head of Research at CryptoQuant, noted that Strategy’s preferred stock, STRC, fell to $82.50 last week—17.5% below its $100 par value—marking its largest discount on record. This pressure stems from the bear market environment at Bitcoin and the company’s diminished cash buffer.
The report states that Strategy recently repurchased $1.5 billion in 0% convertible senior notes maturing in 2029, further reducing the cash buffer available to support STRC dividend payments. Meanwhile, the company’s cash reserves have declined by 38% since early 2026.
On the other hand, as Strategy has issued more STRC to finance the purchase of Bitcoin, its annualized dividend obligation has risen from approximately $300 million at the beginning of the year to about $1.2 billion currently—a nearly fourfold increase in less than six months.CryptoQuant believes the company should be more selective in its purchases of Bitcoin rather than continuing to accumulate holdings indiscriminately amid mounting cash pressures.

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