2025 Lujiazui Forum "Plenary Session II: Enhancing the Coordination of Global Monetary Policies", Zhou Xiaochuan, Vice Chairman of the Twelfth National Committee of the Chinese People's Political Consultative Conference and former Governor of the People's Bank of China, stated that global monetary policies, including macroeconomic policies, were originally independent and did not require coordination, and could not be coordinated. However, since the beginning of this century, global economic cycles and macroeconomic conditions have converged, and the macroeconomic situation of major countries also has an impact on other countries. Major countries holding reserve currencies need to consider global impacts. Currently, there is no institution responsible for coordinating global macroeconomic policies, and it is in a "three noes" state, with no institution, no tools, and no consensus.

 Ripple Labs has submitted a supplemental letter in support of its motion for a declaratory judgment in the lawsuit with the U.S. Securities and Exchange Commission (SEC). In the letter to U.S. District Judge Analisa Torres, Ripple further explains why the judge should approve the request for a declaratory judgment from both parties. This latest submission of the letter comes less than a week after the SEC and Ripple resubmitted their motion seeking declaratory judgment from Judge Torres.

 Bitget will launch a new PRO mode on July 1st, targeting institutional clients and professional traders with exclusive equity system. Based on the existing VIP system, the PRO mode will provide lower fees, higher API rate limits, more sub-accounts and withdrawal limits, as well as exclusive account managers and other services to comprehensively improve trading efficiency.

Yu Xian, the founder of SlowMist, stated that to verify the situation of WeChat account theft, attackers use leaked account passwords (various leaked data may be found), combined with the frequent contacts of the target users (even just friends or people who have interacted in groups), to obtain a 6-digit verification code to carry out the account theft. Attackers often cast their nets late at night, focusing on scams in the cryptocurrency trading market. It is recommended to be cautious when adding friends on WeChat, change passwords regularly, and pay attention to WeChat's risk alerts for abnormal logins.

Base's Layer3 open game ecosystem B3 officially enters the hardware field, announcing a strategic investment in esports console manufacturer Andromeda Insights, laying out a complete game stack.

stable coin concept of A-shares rose in the short term in the afternoon, Cuiwei shares rose by the daily limit, Chutian Long was limit up before, Hailian Jinhui, Sifang Jingchuang, Jingbeifang, Guangdian Yuntong, Gaoweida and others followed the rise. 

 Liu Peng, CEO of JD Coin Chain Technology, revealed in a recent interview with Bloomberg Businessweek/Chinese Edition that as of early June, we mainly conducted tests on the Hong Kong dollar stablecoin, and will later conduct tests on other fiat currency stablecoins. The second phase will focus on testing the use of stablecoins in three major practical scenarios: cross-border payments, investment transactions, and retail payments.

Bedrock token BR24 24-hour trading volume exceeds 100 million US dollars, TVL ranks second in current Binance Alpha trading volume, second only to AB. Its Binance Alpha trading volume reached 6.11 million US dollars.

on June 18th, Scallop announced a partnership with Backpack Wallet to launch a lending activity. Users can borrow $50 from Scallop through Backpack Wallet to participate in sharing a $10,000 $SCA prize pool (100 winners in total). The event will take place from June 17th to July 1st.

on June 18, a proposal named "Confidential Wrapped Ethereum Privacy" was posted on the Ethereum research forum. The proposal introduces the concept of confidential Wrapped Ethereum (cWETH), aiming to achieve privacy protection for ETH transactions at the application layer. cWETH combines the Twisted ElGamal commitment mechanism and Diffie-Hellman protocol with elliptic curve, and uses zk-SNARKs to verify the legitimacy of transactions, allowing users to make peer-to-peer payments without revealing balance and transfer amounts. Compared to existing solutions, cWETH can access encrypted balances without solving the discrete logarithm problem, improving efficiency. This proposal is expected to develop into a complete confidential token standard (EIP).

 Alex Svanevik, CEO of on-chain analysis platform Nansen, posted on X platform that there are currently some issues with claiming Nansen Points, possibly involving HYPE, STRK, and Ledger connections. The Nansen team is working on fixing this and will provide updates in the future.

 South Korean exchange Upbit announced that its NFT platform will add trading support for payments and deposits/withdrawals, and will gradually open after 16:00 on June 18, 2025 (UTC+8).

According to official sources, OKX Wallet has now launched the Address Radar feature. When users enter multiple different tokens CA, this feature can help users automatically find addresses that have made large profits in multiple tokens, improving users' efficiency in finding smart money on the chain. This feature currently supports the Solana and BNB Chain networks, and users can click the link to experience it: https://web3.okx.com/zh-hans/address-radar

SaturnX, a stablecoin cross-border payment infrastructure based in the UAE, announced the completion of a $3 million seed round of financing. White Star Capital led the investment, with a group of strategic investment institutions participating. The new funds are intended to support the construction of a regulatory-compliant payment network using stablecoin liquidity and smart forex routing, and to expand the cross-border payment market in Southeast Asia and Africa.

According to Onchain Lens monitoring, the Federal Reserve will announce the June interest rate decision in 13 hours. A whale named "bobe2" on-chain has bet on the option of "No Change" in interest rates on Polymarket, with a total investment exceeding $2.39 million. If the prediction is correct, "bobe2" will receive a return of over $2.447 million.

Pan Gongsheng, the governor of the central bank, stated at the 2025 Lujiazui Forum that new technologies are accelerating in the field of cross-border payments. New technologies such as blockchain and distributed ledger are driving the vigorous development of central bank digital currency stablecoins, reshaping the traditional payment system from the bottom up, greatly shortening the chain of cross-border payments, and also posing huge challenges to financial regulation. Technologies such as smart contracts and decentralized finance will also continue to drive the evolution and development of the cross-border payment system.

ZachXBT, a cryptocurrency security researcher, issued a warning today that the "crime super cycle" in the cryptocurrency industry is intensifying. The researcher pointed out that there has been a significant increase in industry abuses since politicians introduced meme coins and several legal cases were dismissed. Money laundering groups have successfully processed proceeds from hacker attacks on platforms such as Bybit, DMM Bitcoin, and WazirX, with the black market size on Tron estimated to be as high as 50-100 billion US dollars, and most of the funds come from unknown sources. What is even more worrying is that many protocol teams turn a blind eye to activities involving more than 50% of stolen funds, only charging fees; at the same time, influential individuals and KOLs engage in deception without consequences. ZachXBT warned that although the current environment may bring short-term benefits, the long-term impact is concerning.

according to the official page, Binance Alpha has launched TAG and Janitor.

at the 2025 Lujiazui Forum, Pan Gongsheng, the governor of the People's Bank of China, announced the establishment of the Digital RMB International Operations Center. Promote the international operation of digital RMB and the development of financial market business, and serve digital financial innovation. Establish a personal credit reporting agency. Provide financial institutions with diversified and differentiated personal credit products to further improve the social credit system. Carry out comprehensive reform pilot projects for offshore trade finance services in the Lingang New Area of Shanghai. Innovate business rules to support Shanghai in developing offshore trade. Develop free trade offshore bonds. Follow the principle of "two ends outside" and international rules and standards, and broaden the financing channels for enterprises going global and high-quality enterprises in countries and regions participating in the Belt and Road Initiative. 

according to Lookonchain monitoring, trader 0x5966 has made 4 swing trades on WBTC in the past 50 days, with 3 ending in losses, totaling $2.387 million. If he had bought 54 WBTC at a price of $96,152 on May 1 ($5.18 million) and held on, he would now be making a profit of $483,000.