Compiled by: Jerry, ChainCatcher
Important information:
Israel officially announces an attack on Iran.
The company SharpLink Gaming, which previously implemented an ETH reserve strategy, saw its stock price drop more than 70%.
Iran: Israel and the U.S. will pay a heavy price.
The SEC officially repeals strict proposals regarding DeFi and custody put forth during former chairman Gary Gensler's tenure.
Binance announces the participation threshold for SGC TGE, requiring 240 Alpha points.
Iran will initiate a process to eliminate the Israeli regime
Chen Maobo: Hong Kong will publish its second policy declaration on digital asset development in June
Iranian government: An attack cannot occur without U.S. coordination and permission.
Leung Fung-yi: The Hong Kong Securities and Futures Commission is actively building a virtual asset ecosystem, and the next step will be to regulate over-the-counter trading and custodial institutions.
Walmart and Amazon are planning to issue their own stablecoins.
What important events occurred in the past 24 hours?
Israel officially announces an attack on Iran.
According to Jinshi reports, Israeli Defense Minister Katz stated that following an Israeli attack on Iran, missile and drone attacks against Israel and its civilians are expected in the near future.
The company SharpLink Gaming, which previously implemented an ETH reserve strategy, saw its stock price drop more than 70%.
According to Coindesk, SharpLink Gaming's stock plummeted about 70% in after-hours trading after submitting new documents to the SEC on Thursday.
It is reported that the company submitted an S-3ASR registration statement, allowing for the resale of up to 58,699,760 shares associated with its PIPE financing by more than 100 shareholders. The market once believed that this statement indicated that PIPE investors had sold their shares, but board chairman Joseph Lubin stated on platform X that the market 'misread' the S-3 document, which was merely a pre-registration of shares for potential resale. This is standard procedure following PIPE transactions in traditional finance and does not represent actual sales.
Earlier this month, the company raised $450 million through PIPE financing, with investors including numerous institutions such as ConsenSys, Galaxy, and Pantera Capital. The funding will be used to acquire ETH as its reserve asset. Ethereum co-founder and ConsenSys CEO Joseph Lubin has also joined the company as chairman of the board.
Iran: Israel and the U.S. will pay a heavy price.
According to Jinshi reports, Iranian state media conveyed a statement from the General Staff of the Iranian Armed Forces, stating that Israel and the U.S. will 'pay a very heavy price.' In response, the U.S. and Israel will face 'severe counterattacks.'
The SEC officially repeals strict proposals regarding DeFi and custody put forth during former chairman Gary Gensler's tenure.
According to The Block, the U.S. Securities and Exchange Commission officially withdrew several proposed rules on Thursday that would impose stricter regulations on DeFi and cryptocurrency custody.
These proposals were made under the leadership of former chairman Gary Gensler, who led the agency's 'enforcement regulatory approach.' The repealed proposals included proposed amendments to Rule 3b-16 of the Exchange Act published in April 2023, which aimed to broaden the definition of exchanges, specifically to include decentralized finance platforms under the regulation of national securities exchanges. The proposal faced criticism from various parties in the industry.
Binance announces the participation threshold for SGC TGE, requiring 240 Alpha points.
Binance tweeted that the participation threshold for SGC TGE has been announced, requiring users to reach 240 Alpha points to participate.
Iran will initiate a process to eliminate the Israeli regime.
According to reports from Iran's Tasnim News Agency, due to serious mistakes made by the Israeli regime against Iran, Iran will initiate a process to eliminate the Israeli regime. Iran's response to Israel's terrorist military attacks will differ from past responses.
The media stated that Israeli Prime Minister Netanyahu's mistakes will push the Zionist regime to the brink of collapse, marking the beginning of the painful end of the Israeli entity.
Chen Maobo: Hong Kong will publish its second policy declaration on digital asset development in June.
At the 2025 Caixin Summer Summit, Hong Kong's Financial Secretary Chen Maobo stated that Hong Kong has launched a licensing system for digital asset trading platforms and stablecoins, and is advancing regulatory arrangements for custodians and over-the-counter trading. 'This month, we will publish the second policy declaration regarding the development of digital assets in Hong Kong, focusing on the integration of financial services and innovation, and expanding the application scenarios of digital assets.'
Iranian government: An attack cannot occur without U.S. coordination and permission.
According to Jinshi reports, the Iranian government stated that an attack cannot occur without U.S. coordination and permission.
Leung Fung-yi: The Hong Kong Securities and Futures Commission is actively building a virtual asset ecosystem, and the next step will be to regulate over-the-counter trading and custodial institutions.
Leung Fung-yi, CEO of the Hong Kong Securities and Futures Commission, stated at the Caixin Summer Summit that the HK SFC proposed a regulatory framework for virtual assets from an investor protection perspective as early as 2018. Bitcoin has become an alternative asset and a tool for vying for financial supremacy amidst multiple cycles, geopolitical dynamics, and digital development. Hong Kong adopts a regulatory philosophy of 'same business, same risks, same rules', and will incorporate over-the-counter trading and custodial institutions into regulation, aside from the already licensed exchanges.
The Hong Kong Securities and Futures Commission is actively building a virtual asset ecosystem. This robust ecosystem must be compliant, risk-controlled, and sustainable to allow investors to seize new opportunities. The HK SFC supports the listing of ETFs for virtual asset spot trading and is expanding the relevant scope, such as recently allowing virtual asset staking services.
Walmart and Amazon are planning to issue their own stablecoins.
According to the Wall Street Journal, Walmart and Amazon are exploring the issuance of their own stablecoins in the U.S. market, which could be used for payments and settlements within their merchant ecosystems. According to sources, this move could shift a large volume of cash and card transactions out of the traditional financial system, reducing transaction fees by billions of dollars and speeding up payments.
What wonderful articles are worth reading in the past 24 hours?
After plummeting 70%, is there still a 100% premium? The suspense of SharpLink's ETH gamble is not over.
A SEC document caused SharpLink's stock price to plummet over 70% in after-hours trading.
Bullish applies for IPO: An analysis of the capital restart journey of this 'hidden exchange'.
The cryptocurrency listing trend is surging, will Bullish be the leader of the 'second wave' IPO?
Interactive tutorial | How does the autonomous IP Layer1 'Camp Network' leverage on-chain AI creation?
Attracted over 50,000 users to participate and 125,000 instances of IP secondary creation.
One billion dollars in liquidations, what impact did previous international wars have on Bitcoin?
Whether it touches the threshold of systemic risk and triggers a reassessment of global liquidity and confidence.
Dialogue with VanEck investment manager: The altcoin season will be triggered by tokenized equity rather than traditional speculation.
We need to wait for more valuable assets to go on-chain.
Caught up in the conspiracy theory of invisible manipulators of BTC? Unveiling Tether's Bitcoin strategy panorama.
From Bitcoin reserve asset allocation to mining business, from ecological investment to infrastructure construction, Tether is delving into the nerve center of the new global financial order. Due to Tether's deep penetration in the Bitcoin system, its actions have sparked increasing conspiracy theories and heated discussions overseas, questioning whether it artificially inflates Bitcoin prices by continuously increasing USDT issuance, creating a 'closed-loop bubble' supported by Bitcoin reserves and gold.
Under the shadow of war, has the cryptocurrency market once again become a frightened bird?
Leveraging fully led to a significant market correction.
Post-00s crypto newcomer Christian discusses personal experiences: founding Infini, heavily investing in GBTC and Coinbase for huge profits.
If institutions in these secondary markets are really looking for targets beyond Bitcoin in the future, what kind of projects would make them willing to enter? It certainly won't be Memecoins; that's the narrative logic.
French version of MicroStrategy? The Blockchain Group boldly aims to raise 10 billion euros to establish a Bitcoin treasury.
The French listed company The Blockchain Group, which only holds $160 million in Bitcoin, claims it aims to raise over 10 billion euros to buy Bitcoin. Will The Blockchain Group's strategy, modeled after Strategy, succeed?
Meme hot list
According to data from the meme token tracking and analysis platform GMGN, as of June 13 at 19:50:
The top five popular tokens on Ethereum in the past 24 hours are: ZEUS, VIRTUAL, DEGEN, RICO, SBET.
The top five popular tokens on Solana in the past 24 hours are: Fartcoin, ARROW, Lmm, coded, LAUNCHCOIN.
The top five popular tokens on Base in the past 24 hours are: SKIRATZ, SAPU, VIRTUAL, AERO, SATO.
