1. The Bitcoin Core development team has scheduled changes to OP_RETURN for October.
The Bitcoin Core development team announced that it will modify the default settings of OP_RETURN in the Core 30 version to be released in October, increasing the data carrier limit from 80 bytes to nearly 4MB. This decision marks a phased victory for the reformists led by Antoine Poinsot in their long-standing controversy with conservatives like Luke Dashjr.
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2. SEC Chairman Paul Atkins: Self-custody is a fundamental American value
Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), stated during a special cryptocurrency task force roundtable on June 9 that self-custody of private property is a 'fundamental American value' that should not be lost due to the use of the internet. He supports granting market participants greater flexibility in self-custody of crypto assets when intermediary institutions bring unnecessary trading costs or restrict staking and other on-chain activities.
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3. QCP: The market narrative is shifting from BTC to ETH, with potential structural benefits for ETH.
QCP analysis pointed out that Bitcoin surged in the short term on news of the resumption of U.S.-China trade negotiations, but due to a lack of substantial progress, global risk assets remain in a wait-and-see mode. Meanwhile, Ethereum has quietly strengthened, with implied volatility rising, options skew turning bullish, and perpetual contract funding rates increasing, while ETF funds continue to flow in. QCP noted that the market narrative is shifting from BTC to ETH, with potential structural benefits for ETH as the (GENIUS Act) progresses, Circle's IPO restarts, and stablecoin regulatory developments unfold.
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4. Kong Jianping: Zhejiang and Hangzhou have not taken special actions against blockchain practitioners; individual cases may involve anti-fraud efforts.
In response to today's hot topic, Kong Jianping, chairman of Zhejiang Haowei Technology Co., Ltd. and director of Hong Kong Cyberport Management Company, stated that Zhejiang and Hangzhou have not taken any special actions against blockchain industry practitioners. During his recent visit to Hangzhou, he met with several key leaders who did not show excessive sensitivity to the fields related to blockchain and cryptocurrency. He also inquired with the public security department regarding this matter, and no relevant law enforcement actions have been taken; individual cases may be related to anti-fraud efforts.
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5. The asset management scale of crypto funds reached a historic high of $167 billion in May.
Assets held by crypto funds reached a historic high in May. Data from Morningstar regarding 294 crypto funds shows that these funds attracted a net inflow of $7.05 billion last month, the highest level since December last year, bringing total managed assets to a record $167 billion. In contrast to crypto funds, Lipper data showed a net outflow of $5.9 billion from global equity funds in May, while gold funds experienced their first net outflow in 15 months, amounting to $678 million.
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