News Preview:
The U.S. SEC will hold a roundtable discussion titled 'DeFi and the American Spirit' on June 9.
dYdX plans to release the final proposal to terminate support for the Ethereum-dYdX cross-chain bridge on June 9.
The U.S. House of Representatives has scheduled the review date for the crypto market structure bill for June 10.
Strategy plans to raise approximately $1 billion through a preferred stock issuance to increase its Bitcoin holdings, with the issuance and sale of its STRD stock expected to complete settlement on June 10.
The U.S. SEC has delayed a decision on the Litecoin (LTC) spot ETF application submitted by Canary Capital, with rebuttals due by June 10.
U.S. May CPI data will be announced at 8:30 PM Beijing time on June 11.
Aptos (APT) will unlock approximately 11.31 million tokens at 12 PM Beijing time on June 12, representing 1.79% of the current circulation, valued at approximately $52.7 million.
U.S. senators state that the stablecoin bill is expected to receive strong bipartisan support, possibly leading to a vote next week.
Starknet (STRK) will unlock approximately 127 million tokens at 8 AM Beijing time on June 15, representing 3.79% of the current circulation, valued at approximately $16.6 million.
June 9
Macroeconomics:
U.S. May New York Fed 1-year inflation expectations will be announced at 11 PM Beijing time on June 9.
Policy Regulation:
The U.S. SEC will hold a roundtable discussion titled 'DeFi and the American Spirit' on June 9.
The U.S. Securities and Exchange Commission (SEC) Crypto Working Group announced that it will hold a roundtable discussion titled 'DeFi and the American Spirit' at its headquarters in Washington on June 9. The event will be live-streamed and will include panel discussions and a public Q&A session. Official attendees include: SEC Chairman Paul S. Atkins; Chief Assistant for Crypto Affairs Richard B. Gabbert; SEC Commissioners Caroline A. Crenshaw, Mark T. Uyeda, and Hester M. Peirce.
Guests include: Jito Labs representative Rebecca Rettig, Paredes Strategies company representative, Espresso Systems company representative Jill Gunter, DBA representative Michael Jordan, Arktouros representative Michael Mosier, MetaLeX representative Gabe Shapiro, Venice AI representative Erik Voorhees, and Kevin Werbach from the Wharton School.
Europe has launched a draft guideline for blockchain data storage, with the public comment period ending on June 9.
The European Data Protection Board has approved a draft rule governing how personal data is stored and shared on the blockchain. The EDPB stated that the new guidelines restrict access to stored information and comply with the General Data Protection Regulation (GDPR). The EDPB approved these rules this month and opened a public comment period, which ends on June 9.
The new guidelines state: 'Certain characteristics of blockchain may pose challenges when complying with GDPR requirements. The guidelines emphasize the need for design and default data protection, as well as adequate organizational and technical measures.' The document adds: 'In general, personal data should be avoided on the blockchain if it conflicts with data protection principles.'
The latest draft guidelines from the European Data Protection Board could render Bitcoin illegal in the EU, with public consultation ending on June 9.
Alexandre Stachtchenko, Chief Strategy Officer of French crypto exchange Paymium, warned that the latest draft guidelines from the European Data Protection Board (EDPB) could render Bitcoin illegal in the EU. The draft treats blockchain public keys as personal data and requires deletion under certain conditions, but the characteristics of blockchain technology make data immutable.
The EDPB explicitly stated that 'technical infeasibility cannot be used as a reason for non-compliance with GDPR' and pointed out that if granular data deletion is not feasible, it may be necessary to 'delete the entire blockchain.' Stachtchenko criticized this position as disconnected from technical reality, noting that anonymization solutions are not recognized by existing regulations. The public consultation period ends on June 9, and if the draft is passed, Bitcoin could be considered illegal for failing to meet data deletion requirements.
Exchanges:
Binance Alpha and Futures will launch Skate (SKATE) on June 9.
The general application layer Skate may undergo TGE on June 9. According to Binance's announcement, Skate (SKATE) will open spot trading on Binance Alpha at 6 PM Beijing time on June 9 and launch SKATEUSDT perpetual contracts at 6:30 PM, with a maximum leverage of 50 times. Users can participate in airdrop activities through Alpha points.
Binance has launched a spot liquidity program exclusively for small market makers, with qualification reviews starting on June 9.
Binance announces the launch of its first spot liquidity program exclusively for altcoins, aiming to meet the market's demand for greater diversity. The new 'altcoin liquidity enhancement program' aims to provide the industry's most attractive altcoin market-making rebates to attract small and medium-sized liquidity providers who want to focus on altcoin market making to supplement the exchange's existing liquidity programs.
The first supported trading pairs include INIT/USDT, EOS/USDT, HYPER/USDT, PARTI/USDT, ICP/USDT, KERNEL/USDT, CFX/USDT, W/USDT, KMNO/USDT, IOTX/USDT, ONDO/USDT, TON/USDT, FIL/USDT, WCT/USDT, BABY/USDT, SXT/USDT, SYRUP/USDT, and STO/USDT. Binance VIP and institutional business head Catherine Chen stated that existing liquidity programs often favor large market makers, and the new plan will help small and medium-sized market makers gain a competitive advantage in the altcoin market. Applicants must meet a trading volume threshold of over $20 million in the past 30 days and demonstrate a high-quality liquidity provision strategy. The qualification review for this program will begin on June 9, with rebates starting from June 17.
Project Updates:
dYdX plans to release the final proposal to terminate support for the Ethereum-dYdX cross-chain bridge on June 9.
dYdX announced on platform X that more than 52 million ethDYDX have not yet migrated to the native DYDX on the dYdX chain. After community approval of the text proposal (currently about 91% in favor), the final on-chain proposal is expected to be released on June 9, 2025, to terminate support for the Ethereum-dYdX cross-chain bridge.
Apple officially announced that WWDC25 will return on June 9, with online events and open offline special activities.
Apple has announced that its annual Worldwide Developers Conference (WWDC25) will be held from June 9 to 13 (Pacific Time), highlighting its latest software developments, including updates to iOS 19, iPadOS 19, macOS 16, tvOS 19, watchOS 12, and visionOS 3. This conference will primarily be online, with an offline opening event at Apple Park.
Token Unlocking:
Movement (MOVE) will unlock approximately 50 million tokens at 8 PM Beijing time on June 9, representing 1.96% of the current circulation, valued at approximately $7.1 million.
June 10
Policy Regulation:
The U.S. House of Representatives has scheduled the review date for the crypto market structure bill for June 10.
U.S. House Financial Services Committee Chairman French Hill has scheduled the review date for the House's crypto market structure bill for June 10.
The U.S. SEC has delayed a decision on the Litecoin (LTC) spot ETF application submitted by Canary Capital, with rebuttals due by June 10.
According to former Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has delayed making a decision on the Litecoin (LTC) spot ETF application submitted by Canary Capital and has initiated a public comment process to assess whether the ETF meets regulatory requirements to prevent fraud and manipulation. The deadline for comments is May 26 (Beijing time May 27), and the rebuttal deadline is June 9 (Beijing time June 10). This delay aligns with Bloomberg analyst James Seyffart's prediction yesterday that there is a 'high probability of choosing to delay the final decision rather than directly approving or rejecting it.'
The Base ecological social prediction market Upside will launch on June 10.
The Base ecological social prediction market Upside announced it will launch on June 10, supported by Jason Choi, Arthur Hayes, and over 25 other angel investors.
Exchanges:
The Binance Alpha platform will launch the DeFi App (HOME) on June 10.
The Binance Alpha platform will launch the DeFi App (HOME) on June 10. Trading will open on June 10, with specific time to be announced later. Eligible users must use Binance Alpha points to claim airdrops on the Alpha activity page, which will be released on June 10, along with the activity rules.
Additionally, Bybit will also launch HOME spot trading on June 10.
Resolv (RESOLV) will be listed on Binance Alpha and Binance Futures trading platforms on June 10.
Resolv (RESOLV) will open trading on Binance Alpha at 9 PM Beijing time on June 10. Additionally, Binance Futures will launch RESOLVUSDT perpetual contracts at 9:30 PM on the same day, supporting a maximum leverage of 50 times. Binance becomes the first platform to list Resolv trading.
To celebrate this launch, Binance will provide exclusive token airdrops to eligible users. Users need to use Binance Alpha Points to claim airdrops on the Binance Alpha activity page, from June 10, 2025, 21:00 to June 11, 2025, 21:00.
Additionally, OKX will also launch RESOLV (Resolv) spot trading.
Project Updates:
Strategy plans to raise approximately $1 billion through a preferred stock issuance to increase its Bitcoin holdings, with the issuance and sale of its STRD stock expected to complete settlement on June 10.
Strategy announced that it has priced its initial public offering on June 5, 2025, issuing 11,764,700 shares of Series A perpetual Stride preferred stock (hereinafter referred to as 'STRD stock') at a face interest rate of 10.00%, with a public offering price of $85.00 per share. The issuance and sale of STRD stock is expected to complete settlement on June 10, 2025, subject to customary settlement conditions. After deducting underwriting discounts and commissions and estimated issuance expenses, Strategy expects the net proceeds from this issuance to be approximately $979.7 million. Strategy plans to use the net proceeds from this issuance for general corporate purposes, including acquiring Bitcoin and supplementing working capital.
Huma Finance 2.0 staker deposit opening time is June 10.
Huma Finance announced that its 2.0 version will reopen deposits soon, with $HUMA stakers enjoying a 24-hour early deposit privilege. The specific schedule is as follows: the staker deposit opening time is June 10 at 6 PM, and public deposit opening time is June 11 at 6 PM, using a first-come, first-served (FCFS) model. The deposit allocation rule is the amount of staked $HUMA divided by 25.
The Blockchain Group will hold its annual shareholders' meeting on June 10, seeking approval to raise 10 billion euros to accelerate its Bitcoin financial strategy.
The European-listed company The Blockchain Group will hold its annual shareholders' meeting on June 10, 2025, seeking shareholder approval to raise 10 billion euros to accelerate its Bitcoin financial strategy.
June 11
Macroeconomics:
U.S. May CPI data will be announced at 8:30 PM Beijing time.
Policy Regulation:
The U.S. Senate will hold a hearing on June 11 to review the nomination of Brian Quintenz as Chairman of the CFTC.
The U.S. Senate Committee on Agriculture, Nutrition, and Forestry will hold a hearing at 3 PM Eastern Time on June 10 (3 AM Beijing time on June 11) to review the nomination of Brian Quintenz as Chairman of the U.S. Commodity Futures Trading Commission (CFTC), replacing the current chairman Rostin Behnam. This hearing will take place in room 106 of the Senate Dirksen Office Building, with the official statement indicating that no video broadcast will be provided for this event.
Project Updates:
DeFi protocol ALEX has committed to fully compensating all affected users' losses, with the submission deadline for claims forms ending on June 11.
DeFi protocol ALEX tweeted that it was attacked due to a self-listing logic flaw, resulting in the draining of multiple asset pools with total losses of approximately $8.373 million. Specific losses are:
STX: 8.4 million STX (approximately $5.69 million)
sBTC: 21.85 sBTC (approximately $2.24 million)
USDC/USDT: 149,850 USDC/USDT (approximately $149,850)
WBTC/BTC: 2.8 WBTC (approximately $287,400)
The team will use funds from the ALEX Lab Foundation to fully compensate each affected user for their losses in USDC. Compensation calculations will be based on the average on-chain exchange rate between 6 PM and 10 PM (UTC+8) on June 6. Affected wallet addresses will receive private notifications before 7:59 AM (UTC+8) on June 9, containing claims forms. The deadline for submitting claims forms is 7:59 AM (UTC+8) on June 11, confirming receipt of wallet addresses. After confirmation, the compensatory USDC will be sent within 7 business days. The team states it will strive to restore the funds of each affected user as soon as possible (totaling $8,373,227.13).
Token Unlocking:
Delysium (AGI) will unlock approximately 69.03 million tokens at 8 AM Beijing time on June 11, representing 4.00% of the current circulation, valued at approximately $3.8 million.
io.net (IO) will unlock approximately 3.22 million tokens at 8 PM Beijing time on June 11, representing 1.98% of the current circulation, valued at approximately $2.5 million.
June 12
Project Updates:
The crypto mobile game (FIFA Rivals) will be launched on June 12, featuring Adidas-themed digital assets.
Blockchain game developer Mythical Games announced that its crypto mobile game (FIFA Rivals) will globally launch on June 12 and has reached a brand licensing cooperation with Adidas. This soccer game will include Adidas-themed digital assets, such as exclusive jerseys, team kits, and virtual items inspired by the brand's soccer tradition. (FIFA Rivals) continues the operational model of the company's (NFL Rivals), allowing players to buy and sell in-game assets through blockchain technology. This cooperation leverages the global influence of FIFA and Adidas and is expected to further enhance user engagement. The company's CEO stated that this partnership sets a new standard for brand presentation in digital experiences. The game will be available on iOS and Android platforms, allowing players to trade assets globally through the Mythical platform market.
U.S. prosecutors stated that the DOJ's adjustments to crypto policy do not affect the charges against Do Kwon, with the next preliminary hearing scheduled for June 12.
U.S. prosecutors stated that although the Department of Justice (DOJ) recently issued an internal memorandum relaxing enforcement standards for crypto firms, it will not modify existing charges against Terraform Labs founder Do Kwon. The memorandum signed by Deputy Attorney General Todd Blanche calls for suspending criminal prosecutions against crypto exchanges, mixing services, and similar firms, except in special circumstances, and states that related regulatory work should be overseen by Trump administration agencies. Do Kwon is currently facing multiple charges including commodity fraud, securities fraud, wire fraud, and conspiracy to launder money, which could lead to a maximum sentence of 130 years in prison if convicted. The court has postponed the trial date from January 26, 2026, to February 17, 2026, with the next preliminary hearing scheduled for June 12, 2025.
Token Unlocking:
Aptos (APT) will unlock approximately 11.31 million tokens at 12 PM Beijing time on June 12, representing 1.79% of the current circulation, valued at approximately $52.7 million.
BounceBit (BB) will unlock approximately 42.89 million tokens at 8 AM Beijing time on June 12, representing 10.47% of the current circulation, valued at approximately $4.6 million.
June 13
Exchanges:
Binance will adjust the collateral rates of certain assets in the unified account and U-based perpetual contract leverage and margin tiers on June 13.
Binance will adjust the collateral rate of certain assets in the unified account, including XLM, ETC, ATOM, and ALGO, at 2 PM on June 13 (UTC+8). Binance Futures will update U-based perpetual contract leverage and margin tiers at 2:30 PM on June 13 (UTC+8).
Coinbase Institutional will enable 24/7 trading of XRP and SOL futures for U.S. traders starting June 13.
Coinbase Institutional announced on platform X that starting June 13, it will enable 24/7 trading of XRP and Solana (SOL) futures, unlocking real-time access for U.S. traders.
The Boost account service of the UK crypto platform Ziglu has been frozen, preventing customers from withdrawing funds. The platform promised to provide updates by June 13.
The Boost account service of the UK crypto platform Ziglu has been frozen, preventing customers from withdrawing funds. This service offers up to 6% interest on crypto assets but is not regulated by the UK Financial Conduct Authority (FCA) and is not covered by the Financial Services Compensation Scheme.
The FCA issued a restriction order on May 16, prohibiting Ziglu from disposing of Boost account assets. The platform stated that it is working with regulators to develop a fund return plan and promised to provide updates by June 13. Customers reported that their accounts have been frozen for over two weeks, and although the platform claims that funds are risk-free, the lack of specific security measures has raised concerns. Ziglu's CEO stated plans to transfer assets to regulated fiat accounts within June. The platform was acquired by Robinhood in 2022, and its standard investment accounts are currently unaffected.
Token Unlocking:
Immutable (IMX) will unlock approximately 24.52 million tokens at 8 AM Beijing time on June 13, representing 1.33% of the current circulation, valued at approximately $12.8 million.
Cookie DAO (COOKIE) will unlock approximately 13.88 million tokens at 8 AM Beijing time on June 13, representing 2.54% of the current circulation, valued at approximately $2.9 million.
June 14
Exchanges:
Coinbase Prime will temporarily go offline on June 14 for a technical system upgrade, expected to last up to 4 hours.
Coinbase Prime will temporarily go offline on June 14 for a planned technical system upgrade, expected to last up to 4 hours, starting at 11 PM Beijing time on June 14. During the period from 11 PM on June 14 to 3 AM the next day, Coinbase Prime customers will be unable to trade, borrow, stake, transfer assets, exchange assets, or access on-chain wallets, and ongoing transfers will be delayed.
June 15
Token Unlocking:
Starknet (STRK) will unlock approximately 127 million tokens at 8 AM Beijing time on June 15, representing 3.79% of the current circulation, valued at approximately $16.6 million.
Onyxcoin (XCN) will unlock approximately 29.6 trillion tokens at 8 AM Beijing time on June 15, representing 0.88% of the current circulation, valued at approximately $4.3 million.
Specific time to be determined.
Policy Regulation:
U.S. senators state that the stablecoin bill is expected to receive strong bipartisan support, possibly leading to a vote next week.
The U.S. (2025 Stablecoin National Innovation Guidance Act) (GENIUS Act) is expected to receive significant bipartisan support in the Senate. Democratic Senator Ruben Gallego stated that the bill has incorporated multiple Democratic amendments, with support from as many as 16 Democrats. He pointed out that if the bill passes successfully, it will require accompanying crypto market structure legislation to achieve clear regulation. The bill may undergo a final vote as early as next week.
Eight major U.S. crypto organizations jointly called on Congress to include the Blockchain Regulatory Certainty Act in market structure legislation, with revisions expected next week.
According to crypto journalist Eleanor Terrett, eight top Washington crypto policy organizations, including the DeFi Education Fund, Coin Center, Solana Policy Institute, Digital Chamber of Commerce, Blockchain Association, Cryptocurrency Innovation Council, Bitcoin Policy Institute, and Paradigm, released a joint statement calling for the bipartisan-supported Blockchain Regulatory Certainty Act (BRCA) to be included in the 2025 Digital Asset Market Clarity Act. This act, led by Representatives Tom Emmer and Ritchie Torres, explicitly does not impose 'money transmission business' registration requirements on non-custodial software developers and infrastructure providers. The statement emphasizes the fundamental difference between open-source developers and traditional financial institutions, asserting that this amendment is essential for protecting DeFi innovation. The House is expected to revise the related bill next week.
Project Updates:
Farcaster will airdrop NFTs next week to the first 10,000 Pro subscribers.
Farcaster co-founder Dan Romero stated that Farcaster Pro will airdrop limited edition NFTs to the first 10,000 professional subscribers next week, and the NFTs will appear in users' Farcaster app wallets. Three professional subscription benefits expected to launch in the week of June 16 include:
10K character content release
4 embedded features (including images, video, URL, CA, and mini-programs)
Profile banner image feature
The professional subscription contract on Base is still being finalized, which will support USDC payments and allow for permissionless monthly or annual subscriptions on the protocol. Additionally, the team does not currently plan to provide a monthly in-app user experience, but users can build some small applications to achieve this.
