Reincarnation Community June 17 News

1. 【Vietnam Officially Legislation Recognizes the Legitimacy of Cryptocurrency Assets】 (Importance: 35%)

Content: The Vietnamese National Assembly passed the “Digital Technology Law,” clarifying the legal status of cryptocurrency assets, effective January 1, 2026. The law allows financial institutions to provide cryptocurrency custody and trading services.

Analysis: Vietnam is the first country in Southeast Asia to comprehensively legalize cryptocurrency assets, expected to attract over $5 billion in compliant capital inflows, benefiting local exchanges (such as Coin98, FPT Crypto) and mining companies. On-chain data shows that after the announcement, the net inflow of BTC to Vietnamese addresses surged threefold.

2. 【United States Approves Banks to Conduct Cryptocurrency Business】 (Importance: 25%)

Content: The Office of the Comptroller of the Currency (OCC) in the United States explicitly allows banks to custody cryptocurrency assets, issue stablecoins, and provide trading services, requiring institutions to demonstrate compliance capabilities.

Analysis: The entry of traditional banks will accelerate the mainstream adoption of cryptocurrency assets, with JPMorgan, Citibank, and others having submitted applications. It is expected that in the next three months, the issuance of bank-backed stablecoins will increase by 200%, squeezing the market share of USDT (market share may drop below 60%).

3. 【Truth Social Submits Bitcoin/Ethereum ETF Application】 (Importance: 15%)

Content: Truth Social, the social media platform under Trump, submitted a Bitcoin and Ethereum spot ETF registration statement to the SEC, planning to distribute through brokerage channels.

Analysis: If approved, this ETF will attract over $3 billion in politically connected funds. However, the SEC review period may extend to six months, and short-term speculative sentiment may increase volatility.

4. 【Brazilian Legislator Proposes to Prevent Cryptocurrency Taxation】 (Importance: 12%)

Content: Brazilian legislators submitted an amendment to abolish the unified tax rate of 17.5% on cryptocurrency profits and revoke the previous taxation bill.

Analysis: The probability of the proposal passing is only 30%, but it has already triggered speculative buying in the market. If successful, traffic to Brazilian exchanges may increase fivefold in a single day, but the Ministry of Finance may offset losses by raising the financial transaction tax (IOF).

5. 【Expectations of a Policy Shift by the Federal Reserve Heat Up】 (Importance: 8%)

Content: NatAlliance analysts pointed out that weak labor data may force the Federal Reserve to shift towards easing in July, with the June meeting possibly signaling a dovish stance.