WSJ: Trump administration is considering issuing an executive order to "destroy bank accounts"
according to WSJ report, sources revealed that JPMorgan Chase, Citigroup, and Wells Fargo responded to allegations of "debanking" during recent meetings with Republican state leaders. Sources said the Trump administration is considering issuing an executive order to "ban bank accounts."
Jun 24, 2025
Japan's Financial Services Agency considers incorporating crypto assets into the Financial Instruments and Exchange Act. Separate taxation and Bitcoin ETFs are expected to advance
according to CoinPost, the Japanese Financial Services Agency released a document today announcing that it will carefully consider transferring the regulation of cryptocurrency assets from the "Payment Services Act" to the framework of the "Financial Instruments and Exchange Act". If successfully implemented, cryptocurrency assets will be officially classified as financial products, with the related tax system expected to change from the highest 55% comprehensive taxation to around 20% separate taxation, and the ban on Bitcoin ETFs may be lifted, improving the investor access environment.
Jun 24, 2025
ING Bank: Dollar could fall further if Powell hints at rate cut
ING analyst Francesco Pesole stated in a report that if Federal Reserve Chairman Powell hints at further rate cuts when testifying before Congress tonight at 22:00, the dollar may further decline. He said that after Fed directors Bullard and Bowman supported an interest rate cut as early as July, Powell's hinting at a rate cut has increased the risk. The market may interpret any change in Powell's cautious attitude towards rate cuts as a sign that Trump's pressure for rate cuts has "broken through the Fed's independence shield." This could lead to a significant depreciation of the dollar.
Jun 24, 2025
Aguila Trades closed 20 times of BTC long positions and made a profit of $1.348 million
according to on-chain analyst Onchain Lens (@OnchainLens), Aguila Trades closed a 20x long BTC position, making a profit of $1.348 million. And reopened a 20x long BTC position.
Jun 24, 2025
South Korean listed company Bitmax purchased an additional 49.06 bitcoins, bringing its total holdings to 300.08 bitcoins
Bitmax, a listed company in South Korea (KOSDAQ: 377030), announced the addition of 49.06 bitcoins, bringing its total holdings to 300.08 bitcoins, making it the largest bitcoin holder among listed companies in South Korea. The company stated that it has completed the fundraising of 50 billion Korean won from the central bank and is in the process of raising an additional 50 billion Korean won to continue increasing its bitcoin holdings.
Jun 24, 2025
BTFS SCAN4.0 test network is officially launched
BTFS SCAN (testnet) has completed a comprehensive upgrade and officially launched version 4.0. The new version provides more accurate data metrics and a smoother user experience, supporting real-time monitoring of storage provider performance and network activities. Users can track daily distribution details of 750 million BTT and all on-chain transactions, and gain a panoramic insight into network stability and ecosystem development. This upgrade significantly improves data accessibility and network transparency, helping users better participate in the construction of the BTFS ecosystem.
Jun 24, 2025
A whale transferred about $3.68 million of BMT to Binance, with a floating loss of $914,000
according to on-chain analyst Ai (@ai9684xtpa), a new address that accumulated 30 million BMT three months ago has recharged the remaining 26.34 million BMT into Binance half an hour ago, worth approximately 3.68 million US dollars. When the coins were withdrawn on March 22, 2025, the price was $0.1743 per coin. If sold this time, there would be a loss of 914,000 US dollars (recharge price $0.1396 per coin). At this point, the tokens in this address have been fully liquidated.
Jun 24, 2025
BlackRock: Expect more DeepSeek moments in China’s tech sector
BlackRock believes that there may be more moments similar to DeepSeek in the fields of biotechnology, automation, and autonomous driving in China, reflecting its optimistic attitude towards further development of China's artificial intelligence industry. Lu Wenjie, investment strategist for BlackRock Greater China, said at a press conference on Tuesday that it is difficult to give an exact time, but the current environment is conducive for these technology companies to achieve very strong innovation.
Jun 24, 2025
Iran fired missiles at Israel after ceasefire took effect, Israeli Defense Minister has instructed the military to respond strongly
Israeli Defense Forces stated that shortly after the ceasefire took effect, the Israeli Defense Forces confirmed missiles launched from Iran towards Israeli territory.
Jun 24, 2025
Israeli Army Chief of Staff: In view of Iran's serious violation of the ceasefire agreement, we will strike with force
Chief of Staff of the Israeli Army: In view of Iran's serious violation of the ceasefire agreement, we will use force to strike.
Jun 24, 2025
GENIUS Act enters House of Representatives review stage
according to Crypto in America, the Senate has passed the GENIUS stablecoin bill and sent it to the House for consideration, while the Senate Banking Committee will hold its first hearing on cryptocurrency market structure reform on Tuesday. President Trump has urged the House to pass the "clean version" of the GENIUS bill at "lightning speed," but there is disagreement within Congress on whether to package it with the market structure bill.
Jun 24, 2025
Shenzhou Information: The company has RWA-related technical capabilities and will actively deploy in the field of stablecoins in the future
Shenzhou Information stated on the interactive platform that the company is in a leading position in the domestic market in terms of distributed architecture platform construction, core system construction, channel management construction, open banking construction, and mid-end construction such as data, business, and payment, and has technical capabilities reserve related to RWA. The company is optimistic about the future prospects of stable coins and will actively layout in the stable coin field in the future.
Jun 24, 2025
Fidelity adds 1,005 BTC and 27,175 ETH to its crypto treasury
Fidelity has added 1,005 BTC to its cryptocurrency vault, worth $1.057 billion, and 27,175 ETH, worth $60.5 million.
Jun 24, 2025
U.S. cryptocurrency stocks rose before the market opened, with Circle up 3.08%
concept stocks of US cryptocurrency rose before the market, including:
Jun 24, 2025
US housing regulator to study use of cryptocurrencies in mortgage qualifications
according to The Block, Bill Pulte, director of the Federal Housing Finance Agency (FHFA), announced that the agency will study how to include cryptocurrency holdings in the mortgage qualification process. As an independent regulatory agency responsible for overseeing Fannie Mae, Freddie Mac, and Federal Home Loan Banks, this move by FHFA marks a broader acceptance of digital currencies in the mainstream financial sector. Pulte himself has been investing in cryptocurrencies since 2019, with his financial disclosures showing that he holds bitcoin and Solana worth between $500,000 and $1 million. Pulte took office as FHFA director in March this year after being nominated by Trump, but the specific scope of the study, the types of cryptocurrencies being considered, or the research timeline have not yet been disclosed.
Jun 24, 2025
ZKsync founder: Solana simply cannot compete with Ethereum in terms of decentralization and censorship resistance
ZKsync founder and Matter Labs CEO Alex Gluchowski responded to Solana co-founder Toly on the X platform, stating that Solana is fundamentally unable to compete with Ethereum in decentralization and censorship resistance, and also unable to compete with a single sequencer Layer 2 network in terms of latency and performance. Earlier, Solana co-founder Toly stated that Solana is not aiming to "war" with Ethereum, but to counter centralized sequencer Layer 2 networks based on Ethereum.
Jun 24, 2025
Matrixport: Circle's valuation exceeds $60 billion, and the market's focus is shifting to core crypto infrastructure companies such as stablecoin issuers
Matrixport's daily chart analysis shows that Circle's latest valuation has reached $60 billion, almost equal to its circulating USD supply ($61.2 billion), and has remained stable over the past three months. In comparison, Coinbase's current market value is $78.3 billion. The contrast between the two reflects a shift in market focus from diversified trading platforms to core crypto infrastructure companies such as stablecoin issuers.
Jun 24, 2025
Huang Renxun began to reduce his holdings in Nvidia, selling nearly $14.5 million worth of shares on June 20 and 23
according to market news: The documents released by the U.S. Securities and Exchange Commission (SEC) show that NVIDIA CEO Huang Renxun has started the first round of selling NVIDIA shares. The documents show that Huang Renxun sold a total of 100,000 shares of NVIDIA stock on June 20 and 23, two trading days in Eastern time, with a total size of nearly $14.5 million.
Jun 24, 2025
Iran-Israel ceasefire, major European stock indexes rose across the board, and some stock markets in the Middle East rose
European stocks opened higher, with the Germany DAX index and the Euro Stoxx 50 index up nearly 2%, the UK FTSE 100 index up 0.66%, and the Italy FTSE MIB index up 1.5%. In addition, the Israeli stock market opened higher, with the Tel Aviv 125 index rising 1.4%. Dubai's main stock index rose 3.1% in early trading. The Saudi Arabian benchmark index rose 2.1% in early trading.
Jun 24, 2025
Data: The whale who has shorted BTC many times since March closed 314 BTC short orders this morning, making a profit of $1.695 million
according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "whale who has shorted BTC four times since March 2025" accurately took profit again from 00:00 to 01:00 this morning, closing 314 BTC short positions at the starting point of this rebound, pocketing a profit of $1.695 million.
Jun 24, 2025