深潮 TechFlow

Deep Tide TechFlow News, on June 17, according to The Block, the Southern District Court of Seoul, South Korea announced that Haru Invest CEO Lee Kyung-soo was found not guilty of fraud charges. The company suddenly shut down its user withdrawal function in June 2023, reportedly causing losses of $650 million for approximately 6,000 investors. The court found that although there was negligence in company management, Lee Kyung-soo's actions did not meet the legal standards for fraud under criminal law. The court noted that the suspension of Haru's withdrawals was primarily related to the broader liquidity crisis triggered by the bankruptcy of FTX. The two co-CEOs of Haru's parent company Blockcrafters were also acquitted, but the company's chief operating officer was sentenced to two years in prison for embezzlement. The court emphasized that this ruling only exempts the defendants from criminal liability and does not affect their civil liabilities to the victims.

Author: jk, Odaily Planet Daily

Since its listing, Circle's stock price has soared, increasing nearly 390% in just ten days, with a market value nearing $3.67 billion. While crypto assets are still in a global regulatory tug-of-war, Circle has already taken the lead as the 'first stock of stablecoins' to complete its legal breakthrough in the US stock market. This is not only a victory for a single enterprise but also the starting whistle for on-chain finance to enter mainstream capital markets.

While Circle leads the way, a batch of US stocks related to 'on-chain asset treasuries', 'compliant stablecoins', and 'Web3 mapping stocks' also collectively surged. This round of market activity is clearly not just about the rise in token prices, but also the revaluation process of on-chain financial infrastructure on Wall Street.

Deep Tide TechFlow news, on June 17, the globally leading Web3 wallet Bitget Wallet officially became the exclusive wallet partner of LINE NEXT and its Kaia chain, fully supporting its first ecological token issuance and chain game incentive program, and launching a series of 'LINE Ecological Month' activities.

Officially launched TGE Viral Campaign by LINE in collaboration with multiple TGE project parties, including games like Fate War, LARVA Survival, and Slime Miner. Through the Line Mini Dapp TGE Viral activity page, integrating token tasks, exclusive item discounts, and additional rewards, lowering user participation thresholds. Bombie, as the first project to launch token TGE, will have its BOMB token TGE exclusively supported by Bitget Wallet, where users can directly receive it in the wallet, enjoying a 100% bonus and gas-free experience.

In today's global financial system, stablecoins are playing an increasingly important role as a crucial part of payment infrastructure and are becoming a backbone force driving the mainstreaming of cryptocurrencies. Recently, HTX's global investment department, HTX Ventures, released a research report (On-Chain Extension of the Dollar: Stablecoins, Shadow Banking, and the Reconstruction of Global Payment Weight) that deeply analyzes the rise of stablecoins in the global financial system and their strategic significance.

Building a 'Parallel Dollar Network' to reshape the payment structure

In the global cross-border payment system, the dollar has long dominated, establishing a solid moat through fiat anchoring, international trade anchoring, and credit anchoring. However, the dollar-centric cross-border payment system has long faced issues such as low efficiency, high settlement costs, strong censorship, and prominent financial exclusion, severely limiting financial inclusivity.

Deep Tide TechFlow news, on June 17, according to Jinshi data, Citigroup stated that gold is expected to fall below $3,000 per ounce in the coming quarters. Analysts including Max Layton said, 'By the second half of 2026, gold will return to a level of around $2,500-2,700 per ounce.' Weakening investment demand, improving global economic growth prospects, and factors such as interest rate cuts by the Federal Reserve could all lead to a decline in gold prices. They said, 'We believe that gold's investment demand will weaken by the end of 2025 and into 2026, as Trump's rising popularity and the 'bearish options' of U.S. economic growth begin to take effect, especially as the U.S. midterm elections come into focus.' Additionally, 'We believe the Federal Reserve has significant room to lower restrictive policies to neutral.' In the bank's baseline forecast (with a probability of 60%), gold prices are expected to consolidate above $3,000 per ounce in the next quarter and then decline.