Today's news highlights:
Invesco and Galaxy jointly registered a Solana spot ETF trust.
Trump submitted his first financial report during his term, earning $57 million through his family cryptocurrency company.
A user was reportedly defrauded of approximately $7 million in crypto assets after purchasing a tampered 'cold wallet' on Douyin.
Binance Alpha changes airdrop rules, which will be distributed in two phases starting from June 19.
a16z leads a $33 million seed round for Yupp, creating a decentralized AI evaluation platform.
Investment firm DRW Investments purchased about $100 million in shares of Trump Media Technology Group.
The U.S. SEC approves the Bitcoin treasury agreement registration statement for Trump Media and Technology Group.
The Ethereum spot ETF saw a net outflow of $2.176 million yesterday, ending a 19-day streak of net inflows.
Regulation/Macro
Invesco and Galaxy jointly registered a Solana spot ETF trust.
According to information from the Delaware company registry, Invesco Galaxy Solana ETF was officially registered in Delaware on June 12, 2025, as a statutory trust, with the registered address at 251 Little Falls Drive, Wilmington, and CSC Delaware Trust Company as the registered agent.
Gotbit founder sentenced to 8 months in prison for false trading case, company suspended operations for 5 years.
Gotbit founder Aleksei Andriunin has been sentenced to 8 months in prison by the U.S. District Court for the District of Massachusetts for manipulating the crypto market through false trading, with an additional year of supervised release. Gotbit has also been sentenced to 5 years of probation, during which all operations will be suspended. Prosecutors pointed out that Gotbit has been creating false trading volumes for multiple crypto projects since 2018 to manipulate coin prices and promote listings, with total trading volumes reaching tens of millions of dollars.
Indian officials: The tax department is investigating cryptocurrency tax evasion issues.
Indian officials: The tax department is investigating cryptocurrency tax evasion issues.
Trump submitted his first financial report during his term, earning $57 million through his family cryptocurrency company.
According to Jinshi, citing the New York Post, U.S. President Trump has submitted his first public financial disclosure report during his term. The publicly disclosed financial report shows that his underlying assets include a cryptocurrency wallet holding tokens from his family business World Liberty Financial, valued at $15.75 billion. Trump earned $57 million through the family cryptocurrency company, while other assets, including guitars, sneakers, watches, and books, brought him seven-figure income (millions of dollars).
Multiple SOL ETF issuers, including Grayscale and VanEck, have submitted updated S-1 filings.
Investment firms Franklin Templeton, Galaxy Digital, and VanEck submitted updated S-1 filings, with Grayscale also submitting an updated document, disclosing its announcement of charging a 2.5% fee for potential funds. Fidelity also submitted its S-1 filing for its Solana fund on Friday, marking Fidelity's first submission of an S-1 filing for a Solana spot ETP.
Earlier this week, the U.S. SEC has engaged with several potential Solana ETF issuers, requesting them to update their S-1 filings. Bloomberg ETF analyst Eric Balchunas stated at the time that this indicates the agency is more likely to approve some of these products than before, suggesting that the launch time for a spot SOL ETF is about two to four months.
The U.S. SEC approves the Bitcoin treasury agreement registration statement for Trump Media and Technology Group.
Trump Media and Technology Group (DJT) announced that the previously submitted S-3 registration statement has been approved by the U.S. SEC. The statement involves a debt and equity financing agreement reached with about 50 investors, raising approximately $2.3 billion, making it one of the largest Bitcoin treasury transactions by a publicly traded company to date. The funds will be used to establish a Bitcoin treasury and for general corporate purposes, and to register 56 million shares and 29 million convertible notes. The filing also includes a universal shelf registration to provide flexibility for subsequent capital operations.
According to previous reports, Trump Media Group has registered new securities worth up to $12 billion in a new S-3 filing, which can be used to purchase Bitcoin.
The White House rejected the provisions in the (CLARITY Act) regarding conflicts of interest in cryptocurrency.
Several informed sources revealed that bipartisan lawmakers proposed to add conflict of interest restrictions to the (CLARITY Act) (cryptocurrency market structure bill), prohibiting senior political figures (such as the president, vice president, members of Congress, or their families) from engaging in cryptocurrency business during their terms, to address concerns about profiting from cryptocurrency. An informed source stated that both parties proposed language similar to existing campaign finance and financial disclosure regulations to avoid being seen as a direct condemnation of President Trump's various cryptocurrency business activities. However, the White House vetoed the proposal at a critical stage of negotiations, stating that it would not accept the proposed language in the (CLARITY Act), causing negotiations to stall.
Opinion
Cardano founder proposes to exchange $100 million ADA for BTC and stablecoins to revitalize DeFi.
Cardano founder Charles Hoskinson proposed in a live broadcast to use $100 million ADA from the treasury to exchange for Bitcoin and stablecoins (USDM, USDA) to increase the on-chain stablecoin ratio and DeFi ecosystem. He stated that this move would not impact the ADA market and refuted liquidity concerns. Currently, on-chain stablecoins account for only about 10% of Cardano's TVL, far below Solana's stablecoin ecosystem scale. This proposal diverges from Cardano Foundation CEO Frederik Gregaard's earlier emphasis that 'TVL is not a key indicator.'
Slow Mist CISO: A user reportedly lost approximately $7 million in crypto assets after purchasing a tampered 'cold wallet' on Douyin.
The Chief Information Security Officer (CISO) of Slow Mist Technology, 23pds, posted on platform X stating that there are users suspected of being defrauded of approximately $7 million in crypto assets after purchasing a tampered 'cold wallet' on Douyin. The private key was stolen at the moment of generation, and the funds were transferred through the 'Huiwang' platform. 23pds reminds that when purchasing cold wallets, it is essential to go through official and legitimate channels; so-called 'brand new and unopened', 'special price flash sale' cold wallets on the internet are 99% fake and may have been tampered with.
In response, Yu Xian stated that the incident resulted in the theft of about $6.5 million, and scams related to hardware wallets continue to trap some large holders; this time it was a scam involving the Ledger hardware wallet.
Kaito AI founder: Over $90 million worth of tokens have been distributed to holders and users.
Kaito AI founder Yu Hu tweeted that they have distributed tokens worth over $90 million to holders and users. The more value the network helps distribute, the more value the network captures, resulting in more improvements and innovations.
Project Dynamics
Binance Alpha has launched SGC (SGC).
The APP page shows that Binance Alpha has launched SGC (SGC).
Binance Alpha has launched Roam (ROAM)
According to Binance's announcement, the ROAM project has been listed on Binance Alpha. Starting from June 13, 2025, at 21:00 (UTC+8), users holding at least 247 Alpha points can claim an airdrop of 372 ROAM tokens on the Alpha activity page, consuming 15 points, and must confirm the claim within 24 hours. The platform will also launch a ROAM trading competition with a prize pool of up to 4.92 million ROAM tokens.
Binance Alpha has launched Degen (DEGEN).
According to the official announcement, Binance Alpha has launched Degen (DEGEN). Eligible Binance users who have at least 245 Binance Alpha points can claim an airdrop of 13,862 DEGEN tokens on the Alpha activity page starting from June 14 at 15:00 (UTC+8). Claiming the DEGEN airdrop will consume 15 Binance Alpha points. Users must complete the claim within 24 hours after the claim opens, otherwise it will be considered a waiver of the airdrop.
Binance Alpha changes airdrop rules, which will be distributed in two phases starting from June 19.
According to Binance's official announcement, starting from June 19, the Binance Alpha airdrop will be distributed in two phases: Phase 1: Users meeting the score requirement (X) can claim first, everyone gets a share; Phase 2: The threshold is lowered to Y (Y < X), first come first served, until the prize pool is exhausted or the event ends.
The Ethereum Foundation donated $500,000 to support the defense of Tornado Cash co-founder Roman Storm in response to the trial starting in July.
Roman Storm, co-founder of Tornado Cash, is raising defense funds for the trial starting on July 14 in New York. The Ethereum Foundation announced a donation of $500,000 and pledged to match community donations up to a maximum of $750,000. The foundation stated, 'Privacy is normal, and writing code is not a crime.'
Important Data
'The whale/institution that made $30.45 million in profits through two ETH swings' purchased ETH worth $10 million again an hour ago.
According to on-chain analyst Yu Jin's monitoring, 'the whale/institution that made $30.45 million in profits through two ETH swings' spent another $10 million in USDC to purchase 3,875 ETH an hour ago. This whale/institution has accumulated a total spending of $186 million in USDC to buy 70,465 ETH in the last 3 days, with an average price of $2,647.7. It still holds $150 million in USDC.
An address suspected to be related to ConsenSys purchased 5,463 ETH again, worth about $14 million.
According to Lookonchain monitoring, three hours ago, a certain whale/institution address (possibly related to ConsenSys) purchased 5,463 ETH (worth $14 million) through over-the-counter (OTC) trading again. In the past two weeks, this whale/institution has received a total of 166,199 ETH (worth $435 million), with an average cost of about $2,618.
The Ethereum spot ETF saw a net outflow of $2.176 million yesterday, ending a 19-day streak of net inflows.
According to SoSoValue data, yesterday (Eastern Time, June 13), the total net outflow of the Ethereum spot ETF was $2.176 million.
The Ethereum spot ETF with the highest single-day net inflow yesterday was Grayscale Ethereum Trust ETF ETH, with a single-day net inflow of $6.6691 million, and currently, ETH's historical total net inflow has reached $735 million.
The Ethereum spot ETF with the highest single-day net outflow yesterday was Fidelity ETF FETH, with a net outflow of $8.8451 million; currently, FETH's historical total net inflow has reached $1.594 billion.
As of the time of writing, the net asset value of the Ethereum spot ETF is $10.03 billion, with an ETF net asset ratio (market value relative to Ethereum's total market value) of 3.26%, and historical cumulative net inflows have reached $3.855 billion.
Institutional Increase
SharpLink Gaming spent $463 million to purchase 176,271 ETH, becoming the largest publicly listed holder.
According to SharpLink Gaming (NASDAQ: SBET), the company purchased 176,271 ETH for approximately $463 million, at an average price of about $2,626, becoming the largest publicly listed ETH holder, second only to the Ethereum Foundation. Currently, over 95% of the company's assets have been used for staking or liquid staking to generate returns.
Brazilian listed company Méliuz raises $32.5 million to increase its Bitcoin holdings.
According to Bitcoin Magazine, Brazilian listed tech company Méliuz announced the completion of a $32.5 million financing, which will be used to increase its Bitcoin holdings.
Investment and Financing
a16z leads a $33 million seed round for Yupp, creating a decentralized AI evaluation platform.
According to the official website, a16z has announced leading a $33 million seed round for Yupp, a platform combining AI and crypto. Yupp allows users to evaluate results generated by multiple AI models, and their selected preferences will generate signed data packets for model fine-tuning and evaluation. Users can receive rewards for their feedback contributions, and the data is timely to maintain system vitality. Yupp was co-founded by former executives from Twitter, Google, and Coinbase, aiming to build a 'trustless' AI feedback market, becoming the default evaluation layer for future AI models.
Investment firm DRW Investments purchased about $100 million in shares of Trump Media Technology Group.
According to the Financial Times, American financial tycoon Don Wilson's investment firm DRW Investments bought about 4 million shares of Trump Media Technology Group stock, worth about $100 million, becoming one of the leading investors in Trump's cryptocurrency bets. However, its competitor Jane Street is the largest investor in Trump Media Technology Group's cryptocurrency bets, having invested approximately $375 million. DRW Investments is a major institutional participant in the crypto asset space, hoping the Trump administration will rethink the regulatory authority of the U.S. securities industry and has previously called for the establishment of a new regulatory agency to replace the U.S. SEC and the Commodity Futures Trading Commission.
