US Senator: "Trump Supports 1 Million BTC Purchase Bill, to Be Introduced in Congress Next Week"
According to Walter Bloomberg, pro-cryptocurrency US Senator Cynthia Lummis, attending the Bitcoin 2025 Conference, stated that "President Donald Trump supports the Bitcoin Act, which includes purchasing 1 million BTC and is set to be introduced in Congress next week". The Bitcoin Act, proposed by Lummis, aims to have the government purchase a total of 1 million BTC over the next four years.
Circle Invests Approximately $100 Million in Acquiring HashNote, USYC Issuer
Circle, the issuer of the dollar-pegged stablecoin USDC, has officially confirmed through its IPO documents that it invested approximately $100 million in acquiring HashNote, the issuer of the tokenized money market fund USYC. According to The Block, Circle acquired 100% of HashNote's shares for about $99.8 million in January, with $9.9 million in cash and the remainder in 2.9 million Circle common shares. The media explained that the HashNote acquisition is expected to significantly impact the final transaction value in the IPO, and Circle included a provision in its documents to potentially grant an additional 1.8 million common shares to some HashNote employees, to be accounted for as compensation costs based on condition fulfillment. Meanwhile, Circle has applied for an IPO on the New York Stock Exchange (NYSE).
US SEC Begins Formal Review of WisdomTree XRP ETF
The US Securities and Exchange Commission (SEC) announced that it has begun a formal review of the XRP ETF submitted by WisdomTree. WisdomTree had previously submitted the XRP ETF application to the SEC in December last year.
Russian Exchange Garantex Continues Cryptocurrency Laundering Through Tornado Cash
Evidence suggests that the Russian cryptocurrency exchange Garantex, closed due to international sanctions in March, continues to launder cryptocurrency. Beinkcrypto, citing the Swiss blockchain analysis company Global Ledger, reported that "Garantex transferred approximately $260,000 worth of Ethereum (ETH) through Tornado Cash. This proves that laundering activities continue despite the exchange's closure. Garantex's Ethereum wallet remains active and is moving assets through concealment routes."
Cetus: "Will Fully Compensate Victims" After Hack
Cetus, a Sui-based DEX that suffered a $220 million hack, stated that "if community voting successfully recovers frozen funds, we plan to fully compensate all victims using available cash, cryptocurrencies, and loans from the Sui Foundation. Compensation procedures will begin after the vote closes, regardless of the voting results."
Block Unveils BTC Payment Pilot Program
Jack Dorsey's payment company Block (formerly Square) unveiled a BTC payment pilot program at the Bitcoin 2025 Conference in Las Vegas. Through this program, participants can make BTC payments by scanning barcodes, with transactions processed almost in real-time via the Lightning Network. Block plans to expand this feature to general users by the end of the year and provide it to all customers by 2026, subject to regulatory approval.
Suspect in US Cryptocurrency Investor Kidnapping Turns Himself In
According to CoinDesk, a suspect in the kidnapping and torture of Italian cryptocurrency investor Michael Valentino Teofrastro Caturani in Manhattan, New York, has surrendered to the New York Police. The suspect allegedly threatened with a gun and psychologically abused Caturani to gain access to millions of dollars worth of cryptocurrencies. Caturani successfully escaped after about three weeks and reported the incident to authorities.
BlackRock Fund BSIIX Holds $99.4 Million in BTC Spot ETF
UBlockchain reported that BSIIX, one of BlackRock's funds, held 2,123,592 shares of BlackRock's BTC Spot ETF (IBIT) at the end of the first quarter, equivalent to $99.4 million, an increase of approximately 430,000 shares from the previous quarter.
US Senator: "Government Classifies BTC Holdings as Confidential"
According to Eleanor Terrett from Crypto in America, pro-cryptocurrency US Senator Cynthia Lummis stated at the Bitcoin 2025 Conference that "the US government currently holds 200,000 BTC, but the figure is not precise. The information has been classified as confidential following an audit directed by the White House. I have been offered a private briefing on this matter."
KindlyMD Purchases 21 BTC
CoinDesk reported that healthcare and data company KindlyMD purchased 21 BTC at an average price of $109,027. Previously, KindlyMD decided to introduce a Bitcoin reserve and merge with Bitcoin investment firm Nakamoto. The merger is expected to be completed in the third quarter of this year.
Coinbase Delists 4 Tokens Including MOBILE
Coinbase announced that it will delist MOBILE, RNDR, RBN, and SYN on June 26 at 2 PM local time.
Analysis: "BTC Not Completely Decoupled from Stock Market"
An analysis suggests that Bitcoin cannot be considered completely decoupled from traditional financial markets. Cointelegraph reported that "the 30-day correlation between Bitcoin and S&P 500 has remained above 70% in the past four weeks. Therefore, if the stock market enters a bearish phase, Bitcoin is likely to face downward pressure." However, the analysis also noted that while macroeconomic trends and correlations with traditional assets remain important, Bitcoin is increasingly being recognized as a strategic asset. As adoption by prominent companies and institutional investors expands, it may diverge from the stock market to some extent.
US Crypto Advisory Chair: "US Will Become Bitcoin Superpower"
According to WatcherGuru, Bo Hines, chair of the White House Presidential Cryptocurrency Advisory Committee, stated that "the United States is on the path to becoming a Bitcoin superpower."
US Stock Indices Close Higher
The three major US stock indices closed higher.
S&P500: +2.00%
Nasdaq: +2.47%
Dow: +1.78%
BTC Exceeds $110,000
According to Coinness market monitoring, BTC has exceeded $110,000. Based on the Binance USDT market, BTC is trading at $110,061.47.
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