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According to BlockBeats, the U.S. Federal Appeals Court has temporarily halted a decision that aimed to block U.S. President Donald Trump's tariff authority. The court has agreed to expedite the review of Trump's tariff powers, with a hearing scheduled for July 31. This development follows a report by Politico, highlighting the ongoing legal proceedings concerning the President's trade policies.

According to Odaily, Bitwise researcher Danny Nelson has observed a shift in market trends, where Ethereum is not leading the DeFi ecosystem as usual. Instead, the strong performance of DeFi projects is now enhancing Ethereum's value. Nelson noted that traders are attempting to price in a future where Ethereum's on-chain economy evolves into a robust infrastructure.

According to PANews, Connecticut has passed the HB7082 bill, prohibiting the state from accepting, holding, or investing in any virtual currencies. The legislation also introduces new requirements for money transfer institutions. The bill received unanimous approval in both the House and Senate, with no opposing votes.

According to PANews, CoinShares has registered its Solana ETF in Delaware, as indicated by the state's entity filing information. This development marks a significant step for CoinShares in expanding its offerings in the cryptocurrency market.

According to PANews, video game retailer GameStop has disclosed the acquisition of 4,710 bitcoins between May 3 and June 10. This purchase follows the company's March announcement that its board had approved the addition of bitcoin as a treasury reserve asset. GameStop's first-quarter revenue fell by 17%, reaching $732.4 million compared to $881.8 million in the same period last year. Previously, on May 28, GameStop announced the purchase of 4,710 bitcoins, consistent with the latest disclosure.

According to Odaily, the White House has refuted reports suggesting that U.S. Treasury Secretary Besant is being considered as a candidate for the next Federal Reserve Chair. Sources had previously indicated that Jerome Powell's term as Fed Chair is set to expire in 2026, and Besant was mentioned as a potential successor. However, the formal interview process for selecting the next Fed Chair has not yet commenced.

According to Odaily, on June 10, Russian Ambassador to the United States, Anatoly Antonov, announced that Russia and the U.S. have preliminarily agreed to relocate their diplomatic negotiations on sensitive issues from Istanbul to their respective capitals. The next round of talks is set to take place in Moscow soon.

According to Odaily, the U.S. Securities and Exchange Commission (SEC) has asked potential Solana ETF issuers to submit revised S-1 forms by next week, as reported by three informed sources. Two of these sources mentioned that the SEC will provide feedback within 30 days of the S-1 submission. The agency has requested updates on physical redemption and how issuers handle staking, indicating a willingness to include staking as part of the Solana ETF. Another source estimated that these updates could lead to the approval of the Solana ETF within three to five weeks. James Seyffart from Bloomberg Industry Research expressed optimism about the approval happening this year, possibly as early as July. In a report released this week, Seyffart noted that the SEC might prioritize Solana's 19b-4 application and staking ETF sooner than planned. Issuers and industry participants have likely been collaborating with the SEC and its cryptocurrency task force to establish guidelines, although the final decision deadline for such applications is set for October.

On Jun 10, 2025, 20:57 PM(UTC). According to Binance Market Data, BNB has crossed the 670 USDT benchmark and is now trading at 670.380005 USDT, with a narrowed 1.34% increase in 24 hours.

On Jun 10, 2025, 19:39 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,800 USDT benchmark and is now trading at 2,801.820068 USDT, with a narrowed 8.48% increase in 24 hours.

On Jun 10, 2025, 19:27 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 110,000 USDT benchmark and is now trading at 110,124.992188 USDT, with a narrowed 1.28% increase in 24 hours.

According to Odaily, Elon Musk's xAI has announced a collaboration with the prediction market platform Polymarket. This partnership aims to integrate market forecasts with data from X and analysis from GROK. Previously, the social platform X also revealed its partnership with Polymarket, establishing itself as the official prediction market partner.

According to Odaily, the CLARITY Act has been successfully passed by a U.S. House committee with a vote of 47 in favor and 6 against. The approval followed nearly three hours of detailed review. The legislation has now moved to the House Financial Services Committee for further consideration.

According to BlockBeats, the U.S. House Financial Services Committee and Agriculture Committee are currently reviewing the CLARITY Act, a significant piece of legislation concerning the digital asset market. An amendment, which sought to prohibit U.S. President Donald Trump and his family from profiting through trading or promoting crypto assets, was rejected. Committee Chairman Thompson stated that the committee is not the place to discuss presidential ethics. Other amendments reviewed include Amendment #1, which proposed a comprehensive reauthorization of the Commodity Futures Trading Commission (CFTC), but was also rejected. However, Amendment #6, allowing the CFTC to collect more fees from market participants, was approved. BlockBeats notes that additional amendments related to President Trump are being proposed by other members of the House. The final outcome of the CLARITY Act remains undecided as the review process continues.

According to PANews, Ethereum (ETH) has recently dropped below the $2700 mark, currently trading at $2694.41 per coin. Despite this decline, ETH has experienced a daily increase of 6.33%.

According to BlockBeats, Meta Platforms is reportedly planning to invest approximately $15 billion to acquire a 49% stake in the artificial intelligence startup Scale AI. This move highlights Meta's strategic focus on expanding its capabilities in the AI sector, as the company seeks to enhance its technological offerings and maintain a competitive edge in the rapidly evolving digital landscape.

According to BlockBeats, OpenAI founder Sam Altman announced a significant price reduction for the OpenAI o3 model, lowering it by 80%. Altman expressed anticipation regarding public reaction to this decision and conveyed confidence that users will be satisfied with the performance and pricing of the o3 Pro model.

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has commenced a process to determine whether to approve or reject a rule change application submitted by NYSE Arca. This application seeks to list and trade a Bitwise Bitcoin and Ethereum ETF. The ETF trust fund plans to hold both Bitcoin and Ethereum, with asset allocation based on the relative market value of the two cryptocurrencies, which was 83% Bitcoin and 17% Ethereum at the time of filing. The SEC has now opened a public comment period, inviting opinions on whether the proposal complies with Section 6(b)(5) of the Securities Exchange Act. The focus is particularly on whether the ETF is designed to prevent fraudulent and manipulative acts. The public can submit written comments within 21 days following the publication in the Federal Register and rebuttal comments within 35 days. NYSE Arca submitted the application on February 19, 2025, and the SEC had previously extended the decision deadline to June 10, 2025.

According to Odaily, Tether's CEO Paolo Ardoino announced on the X platform that the company is developing a Wallet Development Kit (WDK). This toolkit utilizes peer-to-peer networks for node synchronization and transaction broadcasting. The Rumble Wallet will be the first to build a wallet product based on this architecture. The WDK version 2 is set to be released soon.

According to Foresight News, Bitwise has announced the launch of a new exchange-traded fund (ETF) called the Bitwise GME Option Income Strategy ETF, which focuses on covered call options related to GameStop. This ETF aims to provide investors with income opportunities by utilizing options strategies centered around GameStop's stock.