Apple, X, Airbnb, and Other Major Big Tech Companies Actively Exploring Stablecoin Adoption
According to Fortune, major big tech companies such as Apple, X (formerly Twitter), Airbnb, and Google are actively considering the introduction of stablecoins. The media reported that "Apple has been in discussions with stablecoin issuers since the beginning of this year, including talks with Matt Cavin, Director of Strategic Partnerships at Circle. X is exploring ways to integrate stablecoins into its payment app 'X Money' and is in negotiations with global online payment company Stripe. Airbnb is considering stablecoin adoption to reduce fees paid to existing payment processors like Visa and Mastercard, and is in discussions with its payment partner Worldpay. Google Cloud is already supporting PayPal's stablecoin PYUSD for some customers. These big tech companies' moves towards stablecoin adoption are linked to the Trump administration's regulatory relaxation policies and are expected to accelerate the cryptocurrency industry's integration into the mainstream."
US House of Representatives Scheduled to Vote on Digital Assets Market Bill on the 10th
Eleanor Terrett of CryptoInAmerica reported that the US House of Representatives is set to vote on the Digital Assets Market Bill (CLARITY) on the 10th (local time). Meanwhile, the Democratic Party is reportedly preparing a separate hearing to address allegations of cryptocurrency involvement by former President Trump.
UK FCA Announces Plan to Allow Cryptocurrency ETNs for Retail Investors
According to CoinDesk, the UK Financial Conduct Authority (FCA) plans to allow the sale of cryptocurrency-linked Exchange Traded Notes (cETNs) to retail investors. This measure expands market accessibility for cETNs, which were previously restricted to professional investors. The FCA stated in an official statement that "this measure will apply only to products traded on FCA-approved investment exchanges, as part of the UK's efforts to grow the digital asset industry and enhance international competitiveness. However, the ban on personal investor access to existing cryptocurrency derivatives will remain in place, and continuous monitoring of high-risk investment products will continue."
Strategy Expands STRD Preferred Stock Offering from $250 Million to $980 Million for BTC Repurchase
Strategy (formerly MicroStrategy), which holds the most Bitcoin among single enterprises, announced an increase in its new perpetual preferred stock (ticker: STRD) offering from $250 million to $979.7 million to purchase additional Bitcoin. Strategy stated, "We are the world's first Bitcoin financial strategy company, pursuing long-term value creation through BTC holdings and continuing innovation by integrating AI analysis software with digital assets."
Davis Commodities Plans to Purchase $4.5 Million in BTC
Nasdaq-listed Davis Commodities (NASDAQ ticker: DTCK) recently completed a $30 million fundraising and plans to use 15% of that, or $4.5 million, to purchase Bitcoin for its reserve.
US SEC to Host Cryptocurrency Roundtable on 'DeFi and the American Spirit' on 6/9
The US Securities and Exchange Commission (SEC) announced the schedule and participant list for its upcoming cryptocurrency roundtable event on June 9th (local time). The meeting will focus on 'DeFi and the American Spirit'. Key attendees will include SEC Chair Paul Atkins, SEC Commissioners Caroline Crenshaw and Mark Uyeda, and Commissioner Hester Peirce, who also leads the SEC's cryptocurrency task force.
ALEX Experiences Security Incident with Funds Flowing to CEX
The Stacks (STX) based DeFi protocol ALEX confirmed a malicious activity through its official X and temporarily suspended platform operations. ALEX stated, "Currently, malicious activity is occurring at ALEX, and some stolen funds have flowed into centralized exchanges (CEX). We are working closely with these exchanges and have temporarily halted all platform activities to ensure user safety."
IOST Raises $21 Million in Strategic Investment
Smart contract platform IOST announced through its official Medium that it has completed a strategic investment round of $21 million. This investment aims to accelerate the expansion of IOST's Real World Asset (RWA) infrastructure and ecosystem integration. Participants include DWF Labs, Presto, and Rollman Management Group.
Blockchain Insurance Tech Company Otonomi Raises $3.4 Million
Blockchain insurance technology company Otonomi announced raising $3.4 million in a new investment round led by ATX Ventures. Other participants include GRS Ventures, Greenlight Re Innovation, Punza Venture Capital, and Refashioned Ventures. The investment will be used to expand the platform.
BeaverBuild Labeled Address Deposits $13.63 Million ETH to Binance
According to Arkham Data, an address labeled as BeaverBuild deposited 5,500 ETH to Binance an hour ago, amounting to approximately $13.63 million. BeaverBuild, a block builder, has previously deposited 24,519 ETH (worth $66.46 million) to centralized exchanges (CEX) since November 2023.
Pakistan Cryptocurrency Committee Advisor Meets Cantor Fitzgerald Chairman to Discuss Cryptocurrency
Bilal Bin Saqib, Senior Advisor to the Pakistan Cryptocurrency Committee, met with Cantor Fitzgerald Chairman Brandon Ruttenberg to discuss cryptocurrency, as reported by CoinTelegraph. Saqib reportedly discussed tokenization and Bitcoin mining with Ruttenberg.
Switzerland Passes Law for Automatic Cryptocurrency Information Exchange with Cooperation Countries
According to foreign media, Switzerland has passed a bill to automatically share cryptocurrency-related information with 74 cooperation countries. The cooperation countries include all European countries and the United Kingdom, as well as G20 countries excluding the United States and Saudi Arabia.
Upbit Temporarily Suspends STX Deposits and Withdrawals
Upbit announced through its official website that it will temporarily suspend deposits and withdrawals due to issues with the Stacks (STX) network.
Bithumb and Coinone Urge Caution for ALEX Investment
Bithumb and Coinone announced that they are urging caution for ALEX investment as abnormal activities and security issues have been confirmed.
Ethereum Weekly Fees Up 12%... Increase in DeFi Activity
Sentora (formerly Intotheblock) reported that Ethereum's total weekly fees rose by 12.2% to $11.05 million this week. Sentora explained that this fee increase reflects an overall increase in DeFi activity within the Ethereum ecosystem.
200,002,003 USDT Transferred... Anonymous → Binance
According to Whale Alert, 200,002,003 USDT was transferred from an anonymous address to a Binance address. The amount is worth $200 million.
7,402 BTC Transferred... Kraken → Anonymous
According to Whale Alert, 7,402 BTC was transferred from a Kraken address to an anonymous address. The amount is worth $770 million.
6,857 BTC Transferred... Kraken → Anonymous
According to Whale Alert, 6,857 BTC was transferred from a Kraken address to an anonymous address. The amount is worth $710 million.
Russian Central Bank Reduces Base Rate from 21% to 20%
The Russian Central Bank has reduced its base rate from 21% to 20%.
US May Non-Farm Employment Increases by 139,000... Exceeds Expectations
The US Department of Labor announced that non-farm employment increased by 139,000 in May. This exceeded market expectations of 126,000. The unemployment rate was 4.2%, in line with market expectations.
Trump Says "Fed is a Disaster"... Demands 100bp Rate Cut
According to Watcher Guru, Trump claimed that the Federal Reserve is a "disaster" and should cut the base rate by 100 basis points.
US Stock Indices Start Higher
US stock indices started higher.
S&P500: +0.08%
Nasdaq: +1.07%
Dow: +0.74%
Binance Alpha Adds HOME
Binance Alpha announced the addition of HOME. Tokens for Binance Alpha are selected reflecting community and market trends from initial projects. Future listing is not 100% guaranteed.
Bybit to List HOME Spot Trading
Bybit announced through its official website that it will list HOME spot trading on the 10th at 8 PM (Korean time).
BTC Surpasses $104,000
According to Coinness market monitoring, BTC has surpassed $104,000. BTC is trading at $104,000 on the Binance USDT market.
