1. The Bitcoin treasury agreement registration statement of Trump Media Technology Group has been approved by the SEC.
Trump Media & Technology Group (DJT) announced that its previously submitted S-3 registration statement was approved by the US Securities and Exchange Commission (SEC) and became effective on June 13, 2025. The statement involves a debt and equity financing agreement with approximately 50 investors, with a total fundraising amount of about $2.3 billion, marking one of the largest Bitcoin treasury transactions by a publicly listed company to date. This registration allows relevant investors to resell approximately 56 million shares of common stock and 29 million shares of convertible bond-related stock.
Read the original text
2. JPMorgan: Q1 2025 is one of the best quarters for Bitcoin mining companies
JPMorgan released a report stating that Q1 2025 is 'one of the best quarters to date' for US-listed Bitcoin mining companies, with five companies achieving a total gross profit of $2 billion and an average gross margin of 53%. MARA led production for the ninth consecutive quarter but had the highest unit cost; IREN became the profit leader for the first time, with a unit cost of about $36,400.
Read the original text
3. Slow Mist: A user lost 50 million yuan in assets due to a cold wallet purchased on Douyin.
Slow Mist CISO @im23pds tweeted a warning that a user lost nearly 50 million yuan in cryptocurrency assets due to purchasing a suspected tampered 'cold wallet' on Douyin. The private key was suspected to have been stolen during the wallet initialization, and the funds were quickly transferred to an overseas money laundering platform 'Huiwang'. @im23pds emphasized that when purchasing cold wallets, it is imperative to go through official and legitimate channels and not to seek cheap options to avoid severe asset losses.
Read the original text
4. Russian authorities seized a modified truck illegally mining cryptocurrency
Russian law enforcement agencies in the Buryatia Republic seized a modified KamAZ truck illegally accessing a 10 kV line, containing 95 cryptocurrency mining rigs and a mobile transformer, stealing enough electricity to supply a small village; two suspects fled the scene in an SUV. The local grid operator Rosseti Siberia pointed out that this is the sixth case of electricity theft for mining this year in Buryatia, and frequent illegal connections have caused voltage drops, overloads, and increased the risk of power outages.
Read the original text
5. VanEck warns: Fundraising by low market cap companies to buy coins may be a 'pump and dump' scam
Matthew Sigel, head of digital assets at VanEck, stated that several low market cap companies recently announced plans to raise hundreds of millions of dollars to purchase XRP or Solana tokens, which may be 'pump and dump' behavior. He pointed out that if a company's market cap is extremely low and anchor investors are not disclosed, it can generally be seen as a scam. Singapore-based Trident Digital Tech recently announced plans to raise $500 million to establish XRP reserves, with a market cap of only $16 million; Classover, Webus International, and others have also announced plans to establish Solana or XRP reserves, but their market caps do not exceed $100 million.
Read the original text
6. Wu Says Weekly Highlights: Ant Group applies for stablecoin licenses in multiple locations, SOL ETF could launch as early as July, SEC Chairman supports DeFi, and news Top 10
Top 10 news of the week
1. The Bitcoin Core development team plans to change OP_RETURN in October link
The Bitcoin Core development team announced that in the Core 30 version to be released in October, the default settings for OP_RETURN will be modified, increasing the data carrier limit from 80 bytes to nearly 4MB. This decision marks a phased victory for reformists led by Antoine Poinsot in the long-standing dispute with conservatives like Luke Dashjr.
2. US May unseasoned CPI annual rate 2.4%, expected 2.50% link
US May seasonally adjusted CPI monthly rate 0.1%, expected 0.20%, previous value 0.20%. US May unseasoned CPI annual rate 2.4%, expected 2.50%, previous value 2.30%. US May unseasoned core CPI annual rate 2.8%, expected 2.90%, previous value 2.80%. US May seasonally adjusted core CPI monthly rate 0.1%, expected 0.30%, previous value 0.20%. CPI overall lower than expected, traders increased bets on a Fed rate cut in September.
3. The US Senate plans to conduct a final vote on the (GENIUS Act) on June 17 link
The US Senate plans to conduct a final vote on the (GENIUS Act) on June 17 (Tuesday), with the specific time to be determined by the majority leader. Previously, the US Senate passed a procedural motion for the (GENIUS Act) amendment by a vote of 68 to 30, paving the way for the final vote.
Previously, the US Senate passed a procedural motion (cloture) for the (GENIUS Stablecoin Act) amendment by a vote of 68 to 30, paving the way for a final vote. The Senate had previously attempted to advance the bill in May but was not passed; about a week later, it passed the procedural motion again by a vote of 66 to 32. The bill requires stablecoins to be fully backed by US dollars or equivalent high liquidity assets, and mandates annual audits for issuers with a market capitalization exceeding $50 billion.
4. SEC Chairman Paul Atkins: Self-custody is a fundamental American value link
SEC Chairman Paul Atkins stated at 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 providing market participants with greater flexibility in self-custody of crypto assets when intermediary institutions bring unnecessary transaction costs or restrictions on staking and other on-chain activities.
5. SEC requires Solana ETF applicants to update S-1 filing, approval could come as early as July link
The US SEC has required institutions intending to issue a Solana spot ETF to submit an updated S-1 filing within a week and will provide feedback within 30 days. The updates include statements regarding physical redemption and staking mechanisms, and the SEC is open to incorporating staking into ETF structures. A knowledgeable source indicated that this could lead to the Solana ETF being approved within 3 to 5 weeks, potentially as early as July.
6. Strategy announced the purchase of an additional 1,045 Bitcoins link
Strategy announced the purchase of an additional 1,045 Bitcoins for approximately $110 million, at a unit price of about $105,426. As of June 8, Strategy holds a total of 582,000 Bitcoins, with a cumulative purchase cost of approximately $40.79 billion and an average purchase price of about $70,086.
7. Bloomberg: Ant Group plans to apply for stablecoin licenses in Hong Kong and Singapore link
Ant Group's international business division is planning to apply for stablecoin licenses in Singapore and Hong Kong. Sources indicate that Ant International, headquartered in Singapore, will immediately apply for the stablecoin issuer license in Hong Kong after the (Stablecoin Issuer Ordinance) takes effect in August. Besides Singapore, the company also plans to seek permission in Luxembourg. Sources say this move aims to strengthen the company's blockchain business to support its cross-border payment and treasury management services. They stated that Ant Financial processed over $1 trillion in global transactions last year, one-third of which were handled by its blockchain-based Whale platform.
In response to reports that Ant Group is planning to apply for stablecoin licenses in Hong Kong and Singapore, Ant Group stated it is accelerating investments and expanding partnerships in global treasury management, putting our AI, blockchain, and stablecoin innovations into reliable large-scale applications. 'We welcome the Hong Kong Legislative Council to pass the (Stablecoin Ordinance), and we hope to submit our application as soon as the bill takes effect on August 1 and relevant channels are opened, contributing more to building Hong Kong as a future international financial center,' Ant Group stated.
8. Walmart and Amazon are evaluating the feasibility of issuing their own stablecoins in the US link
According to the Wall Street Journal, Walmart and Amazon are evaluating the feasibility of issuing their own stablecoins in the US or adopting third-party stablecoins, aiming to reduce payment processing fees and enhance settlement efficiency. The plan is expected to advance after the (Genius Act) stablecoin bill clarifies the regulatory framework. Sources say both companies are also considering joining a merchant-led stablecoin alliance.
9. Assets under management of crypto funds reached $167 billion in May, hitting a historic high link
Assets held by crypto funds reached a historic high in May. Data from Morningstar on 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, Lipper data shows that global equity funds experienced a net outflow of $5.9 billion in May, while gold funds saw their first net outflow in 15 months, amounting to $678 million.
10. Ethereum developers and foundation board members had a dispute, EF was accused of offering $5 million to detach the Geth development team link
Ethereum developers Péter Szilágyi and Tomasz Stańczak, executive director of the Ethereum Foundation, had a heated dispute. Szilágyi claimed that the Foundation had repeatedly offered $5 million to have the Geth (Go Ethereum's main client software) team become independent from the Foundation, but the team refused. Additionally, the Foundation had also offered $5 million in funding to Parity to promote client diversity and reduce reliance on Geth. Previously, the Foundation's co-executive director Tomasz Stańczak stated that there are currently no plans to remove Geth and will continue to support its development work.
Key financing events
SBI Holdings and its subsidiaries invested $50 million in Circle link
Layer2 protocol RISE Chain announced it has received a $4 million investment from Galaxy Ventures link
Web3 investment firm JDI announced it has fully acquired the blockchain project Moonchain link
Pompliano is set to become CEO of ProCapBTC, planning to raise $750 million through SPAC to purchase Bitcoin link
DeFi Development Corp. has secured a $5 billion equity financing limit to increase its holdings of SOL link
Trident Digital plans to raise $500 million to establish XRP reserves link
Wallet infrastructure company Turnkey has completed a $30 million Series B financing link
Stablecoin startup Noah has completed a $22 million financing link
Web3 security company Hypernative has completed a $40 million Series B financing link
Consumer loyalty platform Try Your Best has completed a $11 million Series A financing link
OneBalance announced it has completed a $20 million Series A financing link
The Blockchain Group has completed €9.7 million in financing, planning to increase its holdings of about 80 Bitcoins link
OpenTrade completed $7 million in strategic financing, led by Notion Capital and Mercury Fund link
Silhouette announced it has completed $3 million in Pre-Seed round financing led by RockawayX link
Orange Cap Games completed $3.5 million in seed round financing, led by 1kx and Yuga Labs link
For more industry financing events, please refer to crypto-fundraising.info.
