according to TASS, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated at the St. Petersburg International Economic Forum that only about 30% of cryptocurrency miners are currently registered with the Federal Tax Service, achieving compliance. The remaining two-thirds of miners are still in the "gray zone", and the authorities will continue to promote the registration system for the mining industry, pushing for comprehensive "whitening" of the industry.
President Trump will hold a U.S. National Security Council meeting on Friday morning at 11 a.m. Eastern Time (11 p.m. Beijing Time), and the market may experience fluctuations.
Bitcoin on-chain transaction activity has dropped to the lowest level in a year and a half, with the 7-day moving average transaction volume falling to 316,000 transactions last week, currently slightly rebounding to around 350,000 transactions, far below the peak of 700,000 transactions in mid-2024. The speculative frenzy surrounding Bitcoin native protocols like Runes and Ordinals has subsided, with traders' interest shifting to other blockchain ecosystems.
CoinList will start the Pipe Network (PIPE) token sale on June 27th. The PIPE FDV is 4.5 billion US dollars, with a total sales volume of 30 million tokens. The token price is divided into 0.25 US dollars and 0.2 US dollars, with a purchase limit of a minimum of 100 US dollars and a maximum of 2.5 million US dollars.
Plasma is preparing to launch its mainnet "late summer" this year. This is a blockchain optimized for stable coins. Plasma founder and CEO Paul Faecks said that the blockchain will be able to support "the largest stable coin scale" when it goes live.
according to CCTV News, on June 19th local time, Gref, Chairman of the Board of Directors and CEO of Sberbank of Russia, stated that against the backdrop of easing relations between Russia and the United States, the bank is currently in talks with American partners, but it is currently only "exploratory contact". As for specific cooperation projects, "there are currently no plans". Gref also stated that the overall situation of the Russian banking industry is "good", and there are currently "no signs of any banking crisis", but he admitted that annual profits will decline.
Jupiter DAO announced that it will suspend voting until the end of 2025, and the Active Staking Reward (ASR) will be postponed accordingly. All stakers can still receive rewards.
On June 20th, according to GLC Research data, since Aave DAO launched the AAVE token buyback and fee conversion, it has been two months, and the protocol has consistently adhered to its plan to buy back $1 million USD every week. As of today, Aave DAO has repurchased 50,000 AAVE tokens at a total cost of $10 million USD, with an average purchase price of $199.74 USD. Based on the current market price of $264 USD, this reserve fund is now worth approximately $13 million USD.
LayerZero has initiated a second vote on whether to turn on the "fee switch", which will determine whether to activate the LayerZero protocol fee for repurchasing ZRO and destroying it, the vote will end on June 27.
Layer 1 blockchain project Sei Network has announced on the X platform that it has been selected by the Wyoming Stablecoin Committee as a candidate blockchain for WYST. WYST is a stablecoin supported by legal tender introduced by the state, and will be deployed using LayerZero. The testnet has been launched and currently supports blockchains including Avalanche, Solana, Ethereum, Arbitrum, Base, Optimism, and Polygon. This selection means that Sei Network will develop into a "currency blockchain".
according to on-chain analyst Onchain Lens (@OnchainLens), a whale has deposited the last 600 billion PEPE tokens (worth about $6.1 million) into the Binance exchange.
June 18, the world's leading Web3 wallet Bitget Wallet officially joined the "Global Markets Alliance" (GMA) initiated by Ondo Finance, jointly promoting the on-chain of global capital, and establishing unified standards and interoperability norms for tokenized securities.The alliance aims to establish technical and compliance standards for the on-chain issuance of real-world assets (RWA), enhance investor accessibility, liquidity, and asset portfolio operability. Bitget Wallet will integrate Ondo asset standards, supporting users to securely self-custody and conveniently access tokenized assets within the wallet.As the core gateway of the Web3 ecosystem, Bitget Wallet will work together with members of the alliance such as Solana Foundation, BitGo, etc., to help tokenized assets integrate more securely and efficiently into users' daily usage scenarios, accelerating the popularization and implementation of on-chain finance. As an important infrastructure for the on-chainization of the global capital market, Ondo is accelerating the creation of a transparent and efficient on-chain financial ecosystem.
according to The Fintech Times, financial infrastructure provider OpenPayd has partnered with Circle. OpenPayd will leverage Circle Wallets' infrastructure to offer a unified fiat and stablecoin infrastructure layer for global businesses. This means that its corporate clients will be able to transfer and manage funds globally through traditional banking channels and blockchain-based networks.
Binance Alpha has launched DAOBase (BEE), with a current market value of 3.65 million US dollars and a fully circulating market value of 31 million US dollars.
June 18th, according to the report of the Korean Economic Daily, Lee Chang-yeong, the governor of the Bank of Korea, expressed a cautious attitude towards the introduction of a stablecoin linked to the Korean won. Lee Chang-yeong pointed out that although he does not oppose a Korean won stablecoin, factors such as the stability of the foreign exchange market and changes in the banking industry structure need to be considered. He is concerned that a Korean won stablecoin may increase the demand for US dollar stablecoins, posing difficulties for foreign exchange management.Lee Chang-yeong also emphasized that active stablecoin trading may shift payment settlement functions from the banking industry to the non-banking industry, affecting bank revenue structures and business models. The Bank of Korea has been conducting experiments and research on central bank digital currencies (CBDC), but the official issuance of stablecoins requires coordination with financial regulatory authorities.Lee Chang-yeong stated that he will coordinate policies with the Ministry of Finance, the Financial Services Commission, and other departments, comprehensively considering the positive functions and potential risks of stablecoins.