1. Trump made $57 million through his family's cryptocurrency company.
Odaily Planet Daily reported that publicly disclosed financial reports show that U.S. President Trump earned $57 million through his family's cryptocurrency company, with other ventures including guitars, sneakers, watches, and books bringing him seven-figure incomes. -Original
2. The conflict between Iran and Israel has intensified volatility in the crypto market.
Affected by the news of Amazon and Walmart entering the stablecoin market, Circle's stock price rose by 13%. -Original
3. JPMorgan states that the warming U.S. regulatory environment is driving a surge in crypto company IPOs.
JPMorgan released a report stating that due to the advancement of the GENIUS Act, the U.S. crypto regulatory environment is expected to continue improving, prompting more crypto companies to seek IPOs. So far this year, the number of crypto company IPOs has matched the levels seen during the 2021 bull market, with Ripple, Kraken, ConsenSys, and Bullish among those preparing for listings. The report also noted that the activity level of venture capital is higher than in the same period of 2023/24, indicating a recovery in market confidence. -Original
4. Pakistan is investing surplus electricity into Bitcoin mining and AI sectors.
Pakistan is utilizing 2000 megawatts of surplus electricity for Bitcoin mining and artificial intelligence to reduce waste and promote technological development. As of March 2025, Pakistan's installed power generation capacity is 46,600 megawatts, a slight increase from the previous year. Nearly 14% of this capacity is idle, especially during the winter off-peak period, when demand may drop to 12,000 megawatts. Pakistan aims to convert the surplus electricity from underutilized thermal power plants into a source of revenue through Bitcoin mining and artificial intelligence data centers. This initiative is intended to transform the financial burden of capacity electricity prices into high-value digital assets. The first phase of Pakistan's Bitcoin mining plan will commence in 2025, allocating 2,000 megawatts of electricity for mining and AI data centers. Future phases are planned to integrate renewable energy (solar, wind, hydroelectric), marking a long-term shift for these operations towards sustainable energy. -Original
5. The Hong Kong Securities and Futures Commission plans to include crypto over-the-counter trading and custody under its regulation.
The CEO of the Hong Kong Securities and Futures Commission, Julia Leung, stated that the Commission had proposed a regulatory framework for virtual assets from the perspective of investor protection as early as 2018. In the context of multiple cycles, geopolitical tensions, and digital development, Bitcoin has become an alternative asset and a tool for vying for financial dominance. She emphasized that Hong Kong adopts a regulatory philosophy of 'same business, same risk, same rules.' In addition to the already licensed exchanges, the next step will be to include over-the-counter trading and custodial institutions under the regulatory scope. In her keynote speech, she further stated that in the current macro context, the volatility of the capital market has become the new normal. Therefore, as a regulatory agency, the Hong Kong Securities and Futures Commission must respond with a flexible and robust regulatory approach to ensure the resilience of the Hong Kong market while leveraging its unique advantages to seize new opportunities. In simple terms, the strategy of the Hong Kong Securities and Futures Commission consists of 'a strong shield' and 'three sharp arrows': the strong shield symbolizes the resilience of the market and financial institutions, while the sharp arrows represent targeted growth strategies aimed at unleashing the market's development potential. -Original
6. The U.S. SEC appointed two executives with digital asset experience.
The U.S. Securities and Exchange Commission (SEC) announced four senior personnel appointments on Friday, including two officials with digital asset experience, further signaling a friendlier stance towards the crypto industry under Chairman Paul Atkins. Starting June 17, Jamie Selway will become the head of the SEC's Trading and Markets Division. Brian T. Daly will take over as director of the Investment Management Division on July 8. According to the SEC's announcement, Selway recently served as a partner at Sophron Advisors, primarily providing capital market-related consulting services to clients. He has also advised several fintech companies and briefly served as the global head of institutional markets at Blockchain from 2018 to 2019. -Original
7. CoinBase will list all tradable Base chain assets.
Odaily Planet Daily reported that Jesse, the head of Base, expressed that he is most excited about Coinbase launching all Base ecosystem assets through the DEX mechanism, which will eliminate the traditional dynamic of 'insider vs. outsider' for listing tokens, believing that 'every Base builder deserves a distribution channel.' -Original
8. Ripple and SEC jointly submitted a motion requesting the release of $125 million in escrow funds.
The joint motion aims to end all pending appeals and avoid further legal disputes between the two parties. -Original
The above are the highlights from the last 24 hours. For faster news, please download AiCoin (aicoin.com).
