According to on-chain analyst Ember, FTX/Alameda once again carried out the monthly routine SOL transfer operation, distributing and transferring 188,000 SOL (US$31.5 million) redeemed from staking to 30 addresses 7 hours ago. According to previous records, most addresses that received SOL will subsequently transfer SOL to Coinbase or Binance. Since November 2023, the FTX/Alameda staking address has redeemed and transferred a total of 8.407 million SOL (US$1.094 billion) in the above method, with an average transfer price of US$130. Currently, there are 5.046 million SOL (US$726 million) in the FTX/Alameda staking address.
Israel launches airstrikes against Iran, Israeli Defense Minister declares a state of emergency
According to foreign media reports, the Israeli Air Force attacked Iran on Thursday local time. It is not clear what the target of the attack was, but reports said there was an explosion in Tehran. The attack was a direct attack by Israel on its largest and most well-armed opponent without the explicit support of the United States. On Thursday night, sirens sounded across Israel. Israeli Defense Minister Katz declared a special state of emergency for the country. Later, Israeli military officials said that the first phase of the operation had been completed, including strikes on dozens of Iranian military targets, including nuclear targets in different regions of Iran.
Coinglass data shows that in the past 24 hours, the cryptocurrency market's total network contracts have been liquidated by $1.017 billion, of which long positions have been liquidated by $944 million and short positions have been liquidated by $73.4977 million.
The U.S. Senate will hold a final vote on the stablecoin GENIUS Act on June 17
According to Cointelegraph, the U.S. Senate plans to hold a final vote on the stablecoin GENIUS Act on June 17 local time. The specific time will be determined by the majority leader.
Report: 74% of family offices have allocated or are considering allocating digital assets
According to Bloomberg, the latest "2025 Family Office Investment Insights Report" released by BNY Wealth shows that wealthy families around the world are accelerating the adjustment of asset allocation. Among family offices with assets under management of more than US$1 billion, two-thirds plan to increase private equity investment allocation this year, an increase of nearly 70% from 2024; at the same time, the proportion of public stock allocation has dropped to 19%, a year-on-year decrease of 28%. The report pointed out that 74% of the investors surveyed have allocated or are considering allocating digital assets, and believe that the approval of the Bitcoin ETF and the clarification of regulations after the US election are key driving factors. In addition, more than 60% of billion-dollar family offices are considering increasing their holdings of real estate to hedge against geopolitical risks and inflationary pressures. The survey covers 282 family offices around the world with assets under management ranging from US$250 million to US$5 billion.
According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has just officially repealed the expanded custody rule proposal, as well as Rule 3b-16, and other rules during Gary Gensler's tenure. The custody rule is designed to cover all customer assets, including crypto assets, expands the definition of "custody", and raises concerns about whether certain state-chartered entities should be considered qualified custodians. Rule 3b-16 proposes to regulate decentralized financial (DeFi) exchanges/platforms as national securities exchanges. In addition, the SEC also abandoned the proposal to require listed companies to comply with enhanced environmental, social and governance (ESG) disclosure requirements.
According to the monitoring of on-chain analyst Yu Jin, the "three-time ETH 100% winning rate whale" has a floating profit of $9.42 million on its 40,000 ETH short position, and is about to achieve a 100% winning rate in the fourth ETH battle. Current position: 15 times short 40,000 ETH, with a position value of $102 million. Opening price $2,793, liquidation price $2,939. Current floating profit $9.42 million.
According to the monitoring of on-chain analyst Yu Jin, the trader @AguilaTrades is suspected of losing money in this 20x long BTC and has started to close all positions, with a loss of $11.72 million. The trader started closing positions at 4:30 a.m., and the current position has dropped to $121 million. The remaining 1,157 BTC long positions (worth $121 million) are continuing to close through the TWAP (time-weighted average price) strategy, and all positions will be closed in 7 hours according to the settings.
GameStop increases planned convertible senior notes offering to $2.25 billion
According to Businesswire, video game retailer GameStop (NYSE: GME) announced that it has determined the price of its additional $2.25 billion principal amount of 0.00% convertible senior notes due in 2032 in a private placement, which is higher than the previously announced $1.75 billion. The company also granted the initial purchaser an option to purchase an additional $450 million in principal notes within 13 days of the first issuance date of the notes. After deducting related expenses, GameStop expects the net proceeds from this issuance to be approximately $2.23 billion. If the initial purchaser exercises the option, the net proceeds will be approximately $2.68 billion, and the funds will be used for general corporate purposes, including investment and potential acquisitions.
Galaxy CEO: If Bitcoin maintains its current growth trend, its price is expected to reach $1 million
According to The Block, Galaxy Digital founder and CEO Mike Novogratz said in an interview with CNBC that if Bitcoin continues to maintain its current growth trend, its price is expected to reach $1 million. He believes that as the younger generation prefers Bitcoin, Bitcoin may gradually replace gold as a wealth storage function. According to the current market value of gold, Bitcoin needs to grow 10 times to be on par with it, corresponding to a price of about $1 million. Novogratz pointed out that the current institutional adoption of Bitcoin is accelerating, including listed companies, sovereign wealth funds and retail investors are all increasing their holdings. He specifically mentioned that BlackRock's spot Bitcoin ETF has managed more than $70 billion in assets and holds about 3% of the total supply of Bitcoin.
Polygon announces "Gigagas" expansion roadmap: gradually achieve 100,000 TPS in three stages
According to the official announcement, Ethereum expansion solution Polygon released the "Gigagas" expansion roadmap, which plans to increase the network throughput to 100,000 TPS in three stages, becoming the core blockchain infrastructure for global payments and real-world asset (RWA) settlement. Short-term goal (July 2025): Increase TPS from the current level to 1000+ through the Bhilai upgrade, and shorten the final confirmation time of transactions to about 5 seconds; optimize the Gas fee mechanism to keep the cost of a single transaction below $0.001 (paid in POL); upgrade the core components of the execution layer (Bor) and consensus layer (Heimdall) to support the latest Ethereum standards. Medium-term goal (end of 2025): Achieve 5000+ TPS through the Validator-Elected Block Producer model (development network has been tested); integrate the AggLayer cross-chain protocol to eliminate the risk of chain reorganization and achieve block finality. Long-term plan (after 2026): Promote the upgrade of Gigagas to 100,000 TPS to support institutional-level RWA and global payment scenarios; expand the scale of validators to enhance decentralization and maintain 99.9% network stability; deepen cooperation with traditional financial institutions such as Stripe, BlackRock, and Apollo.
E-commerce platform Shopify cooperates with Coinbase and Stripe to promote USDC stablecoin payments
According to The Block, e-commerce platform Shopify announced a partnership with Coinbase and Stripe to support merchants to accept USDC stablecoin payments issued by Circle. Through this service, consumers can use USDC on the Base chain to make payments in 34 countries, and merchants can choose to receive payments in local legal currency and deposit them directly into their bank accounts. Shopify's chief operating officer said that the partnership will help merchants easily cope with global stablecoin payment needs without having to build their own encrypted payment infrastructure. Coinbase also jointly launched the "Commercial Payment Protocol" with Shopify to solve the application bottleneck of cryptocurrencies in commercial payment scenarios.
SEC and Ripple ask court for $125 million fine, seeking to end years of litigation
According to The Block, Ripple and the U.S. Securities and Exchange Commission (SEC) filed a joint motion with the Federal District Court for the Southern District of New York, requesting the court to lift the ban on Ripple and reach a settlement of $125 million in fines, of which $50 million was paid to the SEC and $75 million belonged to Ripple. Both parties pointed out that the SEC's view on cryptocurrencies has changed. Since the former chairman stepped down, the agency has withdrawn many investigations and charges, and has also set up a working group to develop a regulatory framework. There are "special circumstances" and modifying the final judgment will help reconcile, avoid appeals and save resources. The motion is the latest development in the nearly five-year legal dispute between the two parties.
Coinbase adds Sonic(S) to its coin listing roadmap
According to official news, Coinbase announced that Sonic(S) will be added to the coin listing roadmap.
DeFi Development receives $5 billion equity credit line to increase Solana stake
According to CoinDesk, Nasdaq-listed DeFi Development Corp. (DFDV) has reached a $5 billion equity credit agreement with RK Capital to expand its SOL holdings. The company already holds more than 609,000 SOLs and plans to continue to increase its holdings to increase the SOL per share and validator earnings. DFDV's stock price rose 12% that day.
BlackRock puts crypto assets at the core of its 2030 strategic vision
BlackRock, which manages $11.5 trillion in global assets, has listed "becoming the world's largest crypto asset manager" as one of its 2030 vision priorities. Currently, its crypto asset management scale exceeds $50 billion, covering ETF products such as IBIT and ETHA, and manages Circle's USDC reserves and the $200 million BUIDL tokenized fund.
Trump: Powell will not be fired, interest rates will just be lowered
US President Trump: I hope (the Federal Reserve) will lower interest rates. We have a lot of short-term debt, and I like long-term low-interest debt. If we lower interest rates by 1%, it means paying 1% less. I will not fire Fed Chairman Powell, he just needs to lower interest rates, and our inflation data is performing well.
DTCC considers issuing stablecoins to promote digital asset settlement
According to The Information, DTCC, a US financial market settlement giant, is exploring the issuance of stablecoins to improve the settlement efficiency of digital assets in traditional financial markets. As a core clearing agency for US stock transactions, DTCC's move may pave the way for the widespread adoption of stablecoins at the institutional level.
According to Bitcoin Magazine, Trump stated at the Coinbase "State of Crypto" summit that the United States will be committed to establishing a clear and concise market regulatory framework to promote the country's dominance in the field of Bitcoin and cryptocurrency.
Binance airdrops 409 additional tokens to SKATE users
According to Binance Chinese, the platform has distributed an additional 409 SKATE tokens airdropped to users who successfully received SKATE to thank users for their support.
Trident to raise $500 million to build corporate XRP vault and appoint strategic advisors
According to GlobeNewswire, Trident (NASDAQ: TDTH) announced plans to raise up to $500 million to build one of the world's first large-scale corporate XRP vaults and appointed Chaince Securities as a strategic advisor. The plan includes long-term holding of XRP, deployment of staking mechanisms and in-depth participation in the Ripple ecosystem to strengthen its decentralized financial strategic layout.
According to X user @chaoge_btc, Huang Tianwei, founder of the crypto trading platform AEX (Anyin Exchange), was arrested at Don Muang Airport in Thailand on suspicion of defrauding two Chinese nationals of about 200 million baht (about 44 million yuan) of crypto assets in Thailand. He has been handed over to the Chiang Rai police for further investigation.
U.S. initial jobless claims for the week ending June 7: 248,000
The number of initial jobless claims in the United States for the week ending June 7 was 248,000, which was expected to be 240,000. The previous value was revised from 247,000 to 248,000. The annual rate of PPI in the United States in May was 2.6%, which was expected to be 2.6%, and the previous value was revised from 2.40% to 2.5%. The monthly rate of PPI in the United States in May was 0.1%, which was expected to be 0.20%, and the previous value was revised from -0.50% to -0.2%.
Bitrue hacker made $9.36 million in 2 years and laundered all funds
According to Ember, it took the Bitrue hacker two years to convert the $23 million in assets stolen in April 2023 into a total of 12,079 ETH, and completed the entire laundering through Tornado Cash on June 12, 2025. During this period, a net profit of $4.72 million was made through high-selling and low-buying operations, and the current total value has reached $32.36 million.
Binance launches the 22nd HODLer airdrop project DeFi App (HOME)
Binance will launch the 22nd HODLer airdrop project Defi App (HOME), and will open trading pairs with USDT, USDC, BNB, FDUSD, and TRY at 23:00 (UTC+8). Users who participate in BNB Simple Earn or on-chain income from June 6 to 9 will receive airdrops, and HOME now supports recharge. Eligible BNB Simple Earn and on-chain income users will receive a total of 200 million HOME airdrops based on historical snapshots. The online circulation of HOME is 2.72 billion, accounting for 27.2% of the total supply.
Tether acquires 31.9% stake in Canadian Goldcorp to expand physical asset portfolio
Tether Investments SA de CV ("Tether Investments"), a subsidiary of Tether Group, announced that it has acquired approximately 31.9% of the shares of Elemental Altus, a Canadian listed gold company, and obtained options to purchase an additional 34,444,580 shares.
