1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +3.82%
ETH: +8.11%
SOL: +5.42%
XRP: +2.57%
PEPE: +8.97%
HUMA: -6.54%
DOGE: +6.36%
SUI: +5.85%
TRX: +1.84%
BNB: +2.29%
24 H increase list (data source: OKX):
BORA: +34.55%
RVN: +31.01%
KAIA: +24.4%
UMA: +19.57%
ANIME: +18.92%
KDA: +18.32%
LQTY: +17.1%
WIF: +15.09%
DEGEN: +14.86%
GOG: +14.81%
2. 24-hour hot search currencies
Skate (SKATE): A new project on Binance Alpha. Skate is an infrastructure layer that enables users to seamlessly interact with protogenesis chains by connecting them to all virtual machines (EVM, TonVM, SolanaVM).
Verse World (VERSE): Moonshot announced the launch of the Metaverse project last night. Its market value exceeded US$1 billion last night and was temporarily reported at US$546 million.
Headlines
US President Trump: Not considering meeting with Musk yet
Odaily Planet Daily News: US President Trump: I have not considered a meeting with Musk yet, but I think Musk may want to have a meeting with me. (Jinshi)
U.S. SEC Chairman says he is developing an “innovation exemption” policy for DeFi platforms
Odaily Planet Daily News: Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, said at a crypto roundtable that the SEC is developing an innovation exemption policy for DeFi platforms. Atkins said he has asked staff to study rule changes to provide regulatory exemptions for on-chain financial systems, allowing entities under the jurisdiction of the SEC to quickly launch on-chain products.
Hester Peirce, head of the SECs cryptographic working group, stressed that publishers should not be held accountable for the use of code by others, but centralized entities cannot evade regulation by using the decentralized label. Currently, the SECs Republican committee members hold a 3:1 majority and are pushing for friendlier crypto policies. Atkins said that blockchain technology has realized the function of financial transactions without intermediaries, and the SEC should not hinder this innovation. (CoinDesk)
Plasmas $500 million public offering sold out in minutes
Odaily Planet Daily News According to market news: Plasma announced on the X platform that the deposit function is now online, and the projects public token sale completed the subscription of US$500 million in a few minutes.
Industry News
Nasdaq applies to the US SEC to add XRP, SOL, ADA, XLM to the cryptocurrency index
Odaily Planet Daily News: Nasdaq submitted a rule change application to the U.S. Securities and Exchange Commission (SEC) on June 7, planning to include XRP, Solana (SOL), Cardano (ADA) and Stellar Lumens (XLM) in its crypto index benchmark. The adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), which plans to expand its tracking target from the original Nasdaq Crypto US Settlement Price Index (NCIUS) to the Nasdaq Crypto Index (NCI) covering 9 tokens.
Currently, the NCI index includes 9 cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), but due to current SEC regulations, the ETF can only hold BTC and ETH, resulting in tracking error risks. If approved, the ETF will be able to invest in all index component assets, and the final decision is expected to be made before November 2, 2025. This move may push the US crypto ETF to take a key step towards diversification. (Cryptotimes)
ProShares and Bitwise file for ETF tracking Circle stock
Odaily Planet Daily News: According to a repost by Bloomberg senior ETF analyst Eric Balchunas on the X platform, ProShares and Bitwise have submitted ETF applications to the US SEC to track Circle stocks. They are: ProShares Ultra CRCL ETF and Bitwise CRCL Option Income Strategy ETF. The trading code is currently to be determined and is expected to take effect on August 20.
Canary Marinade Solana ETF is registered in Delaware
Odaily Planet Daily reported that according to market news: Canary Marinade Solana ETF is registered in Delaware.
Odaily Planet Daily reported that according to SoSoValue data, the Bitcoin spot ETF had a net outflow of US$129 million last week (June 2 to June 6, Eastern Time).
The Bitcoin spot ETF with the largest weekly net inflow last week was Blackrock Bitcoin ETF IBIT, with a weekly net inflow of $81 million. Currently, IBITs total net inflow has reached $48.65 billion. The second largest was VanEck ETF HODL, with a weekly net inflow of $19.66 million. Currently, HODLs total net inflow has reached $946 million.
The Bitcoin spot ETF with the largest net outflow last week was the Fidelity ETF FBTC, with a weekly net outflow of US$168 million. The current total net inflow of FBTC in history has reached US$11.44 billion.
As of press time, the total net asset value of the Bitcoin spot ETF was US$125.58 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) was 6.05%, and the historical cumulative net inflow has reached US$44.24 billion.
Metaplanets stock price rose 22% on Monday, possibly due to its $5.4 billion financing plan
Odaily Planet Daily News: Japanese bitcoin investment company Metaplanet plans to raise about $5.4 billion and increase its bitcoin reserves, which have reached $1 billion. The companys stock price rose sharply on Monday. Metaplanet announced a stock acquisition rights plan on Friday, which is said to be the largest plan in the history of Japans capital market. Metaplanet expects that the company will accumulate 210,000 bitcoins by the end of 2027, which is several times the 8,888 currently held. Metaplanet rose 22% in Tokyo on Monday morning. The companys stock price has fluctuated sharply since it turned to cryptocurrency in early 2024.
Tether will open source its Bitcoin mining operating system and plans to launch it in Q4 2025
Odaily Planet Daily News: Tether CEO Paolo Ardoino said that the company plans to open source its Bitcoin mining operating system MOS in the fourth quarter of 2025, aiming to lower the entry threshold for new miners and reduce dependence on third-party suppliers. The system is scalable and modular, supports existing mining infrastructure, and is built on a P2P IoT architecture, further promoting the decentralization of the Bitcoin ecosystem. (Cointelegraph)
Binance releases latest reserve certificate: sufficient reserves of various assets
Odaily Planet Daily News Binances latest proof of reserve (PoR) report shows that Binances main asset reserve rates are all over 100%. Among them, the BTC reserve rate is 102.13%, holding 606,080.648 bitcoins; the USDT reserve rate is 101.52%, holding about 29.27 billion; the ETH reserve rate is 100.00%, holding about 5.337 million; the BNB reserve rate is 111.74%, holding about 44.536 million. USDC has the highest reserve rate, reaching 153.01%, indicating sufficient capital reserves.
Binance: At least 236 Alpha Points can claim 800 SKATE tokens airdrop when trading opens
Odaily Planet Daily News According to official news, Binance will launch Skate (SKATE), specifically:
Alpha trading opening: June 9, 2025 18:00 (UTC+8)
Contract trading opening: June 9, 2025 18:30 (UTC+8)
Eligible Binance users with at least 236 Binance Alpha Points can claim the airdrop of 800 SKATE tokens on the Alpha event page when trading opens.
Please note that claiming the airdrop will consume 15 Binance Alpha Points.
Binance: Holders of 198 or more Alpha points can claim 61 SERAPH airdrops
Odaily Planet Daily News: Binance announced that Seraph (SERAPH) has been launched on the Alpha platform. Starting from 20:00 on June 9 (UTC+ 8), users with more than 198 Alpha points can apply for 61 SERAPH airdrops on the Alpha Events page. The application must be completed within 24 hours and no points will be deducted.
Project News
Chainlink published a post on the X platform stating that it is participating in a pilot use case for the exchange of Hong Kong’s CBDC and the Australian dollar stablecoin. This is part of the second phase of the e-HKD+ pilot program. Participants include Visa, ANZ Bank, China Asset Management and Fidelity International.
Odaily Planet Daily News Skate Foundation officially released the SKATE token economic model, which is the core of Skates multi-virtual machine infrastructure. The total supply of SKATE is fixed at 1 billion, including: 10% for the team, 1.5% for public sale, 18% for ecological reserve, 10% for initial airdrop, 15% for investors and consultants, and 45.5% for community allocation.
Defi App completes community vote to increase airdrop ratio from 5% to 10%
Odaily Planet Daily reported that the decentralized application Defi App announced that it has completed the community vote and increased the airdrop ratio from 5% to 10%.
Regulatory policies
U.S. Senate Majority Leader John Thune expects to push for passage of stablecoin bill this week
Odaily Planet Daily reported that U.S. Senate Majority Leader John Thune said on Monday that Senate Republicans are seeking to pass a landmark stablecoin bill this week that will establish new regulations for digital tokens pegged to the U.S. dollar. Thune said that he is currently working to explore ways to advance the amendment, with the goal of having the bill reviewed and voted on by the full Senate this week. On Monday, Thune submitted a motion to end the debate on the bill, and another procedural vote on the motion will be held as early as Wednesday. Republican leaders have been seeking to reach an agreement on amendments to speed up the final vote, but have so far failed, mainly because Kansas Republican Senator Roger Marshall has pushed for a vote on controversial legislation to combat credit card swipe fees. (Politico)
Brazil to propose 17.5% income tax on all financial assets
Odaily Planet Daily reported that according to Brazils O Globo: Brazil will propose to impose a 17.5% income tax on all financial assets. (Jinshi)
Investment and Financing
Nasdaq-listed fintech company Netcapital acquires crypto-native protocol Mixie
Odaily Planet Daily News: Nasdaq-listed fintech company Netcapital announced the acquisition of Mixie, a crypto-native protocol, for an undisclosed amount. Zelgor, a portfolio company of Netcapital, completed the acquisition, and the company said it was the first time a listed company acquired a crypto-native protocol to expand its blockchain business. Netcapital is headquartered in Boston and operates a digital capital markets platform. Its stock code is NCPL and its market value is approximately US$6.8 million. (globenewswire)
Turnkey Completes $30 Million Series B Funding, Bain Capital Crypto Leads Investment
Odaily Planet Daily News Crypto wallet infrastructure company Turnkey has completed a $30 million Series B financing round, led by Bain Capital Crypto, with participation from Lightsped Faction and Galaxy Ventures. Turnkey was co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, and aims to help developers build user-friendly wallets using APIs. It currently has 35 employees. (CoinDesk)
OpenLedger pledges $25 million to fund AI and blockchain startups
Odaily Planet Daily News Blockchain protocol OpenLedger said it will invest $25 million to fund AI and Web3 developers. The funds will be available on OpenCircle to help developers create AI-centric protocols. It is reported that OpenLedger raised $8 million in a seed round of financing in 2024, aiming to become a sovereign data blockchain based on artificial intelligence technology. (CoinDesk)
RISE Chain Completes $4 Million Financing, Galaxy Ventures Participates
Odaily Planet Daily News: RISE Chain, a Layer 2 blockchain focusing on low latency, announced the completion of a new round of financing of US$4 million. Galaxy Digitals venture capital department Galaxy Ventures participated in the investment. The total financing amount of the project reached US$8 million. The new funds will be used to promote its mainnet launch to build a high-throughput, low-latency blockchain. (CoinDesk)
Character*Voice
Odaily Planet Daily News: U.S. SEC Chairman Paul Atkins said at the Crypto Roundtable: Individuals right to self-custody of their private property is a fundamental American value, and this value should not disappear just because people go online.
Odaily Planet Daily News: Lei Ming, a former investor of Huaxing New Economy Fund, invested in Circle in 2018. In his latest interview, he said that there was a certain element of luck in investing in Circle seven years ago. At that time, Circle’s main business was not stablecoin, and its valuation was only US$3 billion. Now its market value of US$20 billion is somewhat unexpected. The core judgment of investing in Circle is that blockchain technology can create huge commercial value and social value in the future. The essence of finance is license capability, and Circle happened to be the company with the most licenses at the time.
Circle was listed on the New York Stock Exchange last week, becoming the first global stablecoin stock. After two trading days, the stock price has risen by 247.42% from the issue price, with a market value of approximately US$24 billion. This IPO issuance of Circle ultimately raised US$1.1 billion and received more than 25 times oversubscription. (IPO Early Knowledge)
Earlier news, Hong Kong-listed company Huaxing Capital disclosed that the Huaxing New Economy Fund it manages had invested in Circle as early as 2018. The company will continue to be optimistic about the development of blockchain technology and actively explore its layout in the fields of Web3.0 and cryptocurrency assets.
Trader Eugene: The standards for high-quality altcoin projects are becoming clearer
Odaily Planet Daily News: Trader Eugene Ng Ah Sio posted on his personal channel that looking back at the development of altcoins in the market, especially after the Meme coin craze and HYPE, the market rules are clearly visible. Projects with the following three characteristics will receive a market premium:
1. A business model with sustainable growth (preferably independent of the bull and bear cycles of the crypto market);
2. Achieve extremely low token inflation through unlocking mechanism (sell-off by investors or team);
3. Teams that value the interests of token holders usually use part of their income to repurchase tokens on the open market (note: this is fundamentally different from destroying tokens that have no actual value).
Eugene said that currently there are very few project tokens that meet all three criteria at the same time, and HYPE is one of the examples. But it is foreseeable that the next batch of market winners are in the making.
Bonk Guy: Will no longer publicly trade holdings and reject KOL collaboration invitations
Odaily Planet Daily News: Bonk Guy posted a post on the X platform, responding to the outside worlds doubts about his using influence to pull the market, and announced that he would no longer disclose new transactions in real time in the future. He listed a number of public transaction records, including the early cases of turning $16,000 into $20 million through BONK and $6,000 into $1 million through WIF transactions, emphasizing that his investment logic rather than the fan effect is the main reason for his profit.
Bonk Guy said that he has secretly built positions in two new targets recently (currently with floating profits of 65% and 164% respectively), but will not disclose the specific token names for the time being to avoid being accused of letting fans take over. He reiterated that he shares the risks with fans in all public transactions and rejected all invitations to cooperate with KOLs.
