Crypto Market Daily

Regulation and Macroeconomics

The South Korean National Policy Committee stated that there has not yet been any specific discussion on digital asset taxation. The content mentioned in previous reports is only a policy concept and not a finalized task. Digital asset taxation is expected to be postponed until 2027 due to insufficient infrastructure.

The director of the Federal Housing Finance Agency stated that they will study the relationship between cryptocurrency holdings and mortgage eligibility.

The Governor of Texas has signed a bill allocating $10 million for the purchase of Bitcoin, making it the first state in the U.S. to actually invest in establishing a cryptocurrency reserve.

The American fintech company Fiserv announced plans to launch the stablecoin FIUSD by the end of the year and to integrate it with existing banking and payment infrastructures in collaboration with Circle and PayPal.

Market Dynamics

Ark Invest reduced its holdings of Circle stock worth over $100 million yesterday.

Grayscale Space and Time (SXT) Trust is registered in Delaware.

Trump Media stated that the $400 million stock buyback plan will not affect its Bitcoin reserve strategy. The company currently has about $3 billion in funds on its balance sheet.

Project Progress

Binance will launch Mango Network (MGO) trading on June 24 and airdrop 1666 MGO tokens to eligible users.

The Layer2 game ecosystem Moonveil will launch the $MORE token generation event on June 27, and the eligibility for the airdrop is now open for inquiry.

Upbit will launch the Newton (NEWT) trading pairs for KRW, BTC, and USDT on June 25.

Ethereum developers proposed to shorten the block interval time from 12 seconds to 6 seconds, which is planned to be included in the Glamsterdam upgrade at the end of 2026.

Celestia co-founder stated that the project has over $100 million in reserve funds, enough to support operations for more than 6 years.

Data and Analysis

NEWT rose 38.2% in a short time, possibly influenced by its listing on Upbit.

A suspected ConsenSys-related address has purchased 3,704 ETH again, worth 8.91 million dollars.

Data shows that Russians hold over $25.4 billion in cryptocurrencies.

Financing Dynamics

Canton Network developer Digital Asset has completed a $135 million strategic financing.

On-chain bulk commodity derivatives exchange Sphinx completed $2 million in Pre-seed funding.

Former Coral Capital executives will establish a company focused on BNB and raise 100 million dollars.

The newly established crypto venture capital fund Frachtis has completed a fundraising of 20 million USD.

The DEX GTE based on MegaETH has completed a $15 million Series A funding round, led by Paradigm.

Institutional Dynamics

The publicly listed company Vinanz Limited increased its holdings by 37.72 bitcoins, bringing the total holdings to 58.68 bitcoins.

The Smarter Web Company increased its holdings by 196.9 bitcoins, bringing the total holdings to 543.52 bitcoins.

Hong Kong listed company Yu Xing Technology disclosed that it has sold 1,220 ETH in the past year.

Hong Kong's VMS Group has entered the encryption sector for the first time, planning to allocate up to $10 million to Re7 Capital.

The Blockchain Group increased its holdings by 75 bitcoins for approximately 6.9 million euros.

U.S. luxury car repair company ECD has secured $500 million in equity financing to launch a Bitcoin treasury strategy.