News linked to this event type.
Backpack has announced the appointment of former U.S. Securities and Exchange Commission (SEC) Commissioner and Acting Chairman Dr. Michael S. Piwowar to the Board of Directors of Backpack US.Public records show that Piwowar served as an SEC Commissioner from 2013 to 2018 and was appointed Acting Chairman by President Trump. He was among the earliest top U.S. regulators to engage in discussions on digital assets and ICO oversight. Prior to joining the SEC, he served as Chief Economist for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, contributing to the drafting of SEC-related provisions in the Dodd-Frank Act and the JOBS Act.Backpack stated that this appointment comes at a time when the U.S. Commodity Futures Trading Commission (CFTC) has approved the first regulated Bitcoin perpetual contract. The company previously offered regulated perpetual contract trading services within the EU and has the capability to roll out the same product line under the new U.S. framework. Additionally, former CFTC Acting Chairman Mark Wetjen serves as President of Backpack US and participates in the DTCC Tokenization Working Group, continuously advancing the company's compliance strategy within the U.S. market.
According to The Block, ANTIK, the blockchain division of asset management giant Janus Henderson—which oversees $480 billion in assets—has established a position in the ENA token and signed a strategic partnership agreement with Ethena to stake USDe for cash management purposes. The two parties have also committed to jointly developing compliant investment products based on USDe and ENA, including ETFs and ETPs, expected to launch in the second half of 2026. As part of the collaboration, Ethena has incorporated Janus Henderson’s JAAA strategy—which invests in AAA-rated CLOs—into the USDe reserve portfolio.
According to The Block, crypto market maker GSR has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to formally complete its acquisition of Portland-based SEC-registered broker-dealer Equilibrium Capital Services, which has now been renamed GSR Securities. Xin Song, CEO of GSR, stated that this acquisition will strengthen its compliant broker-dealer platform in the U.S., with a focus on serving institutional clients. GSR previously disclosed plans to position its business as a “Web3 investment bank”; following the acquisition, it will further expand its tokenized financing services. Additionally, GSR has been highly active this year: in April, it launched the GSR Crypto Core3 ETF on Nasdaq; in March, it acquired token advisory firms Autonomous and Architech, and invested in Libeara—the tokenization platform under SC Ventures; last month, SC Ventures—the fintech investment arm of Standard Chartered Bank—became GSR’s first external shareholder and completed its investment.
the National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT) issued a statement, stating that recent comprehensive analysis has found that some AI agent skill packs (Skills) are being publicly disseminated under the guise of "Large Model Jailbreak" or "Mining for Profit," inducing users to bypass the security restrictions of large models or occupy device resources for illegal mining activities.These malicious Skills could lead to models generating illegal information, user accounts being blocked according to law, device performance degradation, and even potentially involving users passively in criminal activities such as money laundering, seriously infringing upon individual legal rights and endangering network security. CNCERT reminds users and relevant operating entities to remain vigilant, strengthen the review of Skills sources and behavioral monitoring, promptly remove suspicious components, and guard against the security risks arising from this.
: Institutional-grade digital asset custody platform Zodia Custody has announced that it has obtained a payment institution license from the Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). This authorization allows the company to compliantly provide custody and transfer services for electronic money tokens (EMTs, i.e., stablecoins) within the European Union.Zodia Custody stated that this approval represents a further expansion on its existing MiCA license, enhancing its digital asset service capabilities for institutional clients. The company believes that as the use of stablecoins in payment settlement, liquidity management, and corporate treasury operations continues to grow, stablecoin custody and transfer capabilities will become a core component of digital asset infrastructure providers.Founded in 2020, Zodia Custody focuses on the institutional client market. Its shareholders include institutions such as Standard Chartered, Northern Trust, SBI Holdings, Emirates NBD, and National Australia Bank. Following the approval of this Luxembourg license, Zodia Custody has now obtained relevant regulatory permissions in multiple jurisdictions, including the UK, UAE, Hong Kong SAR, Singapore, Australia, and the EU. (The Block)
Humanity released an incident update stating that its H token was subject to a coordinated attack on Ethereum and BSC on the evening of June 8, resulting in approximately $36 million worth of tokens stolen and dumped across both chains. The project disclosed that the attack originated from a compromised employee laptop, which led to the leakage of multiple owner keys for the Gnosis Safe controlling the Hyperlane bridge ProxyAdmin. On Ethereum, the attacker seized ownership of the ProxyAdmin and upgraded the contract to a malicious implementation, transferring approximately 141.2 million H tokens in a single transaction. On BSC, after similarly gaining control of the ProxyAdmin, the attacker deployed a malicious implementation with infinite minting capabilities, minting 200 million H tokens in two transactions and continuously dumping them. Humanity has suspended deposits and withdrawals on the affected cross-chain bridge and is cooperating with exchanges and law enforcement to investigate the incident and seek partial recovery of the stolen funds.
Humility Protocol released a security incident update on the X platform, stating that its H token suffered a coordinated attack on the Ethereum and BSC chains yesterday, with confirmed losses exceeding $36 million in stolen and dumped assets.Preliminary investigations indicate the incident originated from a compromised employee computer, which led to the leakage of private keys for the multi-signature wallet controlling the Hyperlane Bridge ProxyAdmin. Specifically, the attacker obtained 3 out of 6 private keys of the Gnosis Safe wallet on the Ethereum chain, transferred ownership of the ProxyAdmin to a wallet under their control, upgraded the bridge contract to a malicious implementation, and subsequently transferred approximately 141.2 million H tokens in a single transaction.Simultaneously, the attacker also gained control of 3 out of 5 private keys of the Safe wallet on the BSC chain, took over the ProxyAdmin using the same method, deployed a malicious contract with unlimited minting functionality, and minted 200 million H tokens in two separate transactions to their own wallet.Humility stated that it has suspended all deposit and withdrawal operations on the affected bridge services and is collaborating with partners such as exchanges to mitigate losses. Meanwhile, it is cooperating with the police investigation and attempting to recover part of the stolen funds.
Japan's SBI Shinsei Bank will launch a pilot program on June 10, allowing customers to convert a portion of their deposit interest into BTC, ETH, or XRP. The initiative uses "interest exchange" as an entry point to introduce crypto assets into traditional deposit products, enabling users to gain cryptocurrency exposure without direct purchase. Future expansion will depend on customer participation and the regulatory environment. (The Block)
Backpack has officially launched its securities business, allowing users to trade real U.S. stocks and ETFs, as well as cryptocurrency, perpetual contracts, and yield-generating products, all within a single account. According to the company, the service operates under the legal framework of New York State, granting users true ownership of securities and supporting features such as cash dividends and inter-transfer between brokerage accounts.In terms of trading, the platform supports 24/5 trading hours with instant order execution and direct access to public market liquidity. Additionally, Backpack announced that it will implement a zero-fee policy in June to enhance trading efficiency and user experience.
According to CoinDesk, White House officials met with law enforcement agencies on June 9 regarding the CLARITY Act, focusing discussions on two key issues: mitigating risks associated with illicit financial activities and safeguarding developers’ rights. These negotiations took place just before the Senate’s formal vote.
The proposal explicitly states that stablecoin holders are not entitled to deposit insurance, and regulators are clearly distinguishing stablecoins from insured deposits.
: SaharaAI has responded to the abnormal market volatility of the SAHARA token, stating that the team has noted the situation and is conducting real-time monitoring. Currently, no security issues have been found with the token contract or product, and an internal investigation has been initiated to further confirm the specific reasons for this price fluctuation.SaharaAI emphasized that the token allocations in the wallets of the team and investors have not changed on-chain, and no team or investor tokens have been sold or transferred.In response to the large on-chain transfers that attracted market attention, the project stated that the transactions believed to be related to this price fluctuation were actually pre-planned operations. These were used to replenish liquidity for the cross-chain bridge contract based on Chainlink CCIP, in order to support the recently launched cross-chain bridge functionality. This transfer of 600 million SAHARA tokens was part of a predetermined plan. The cross-chain bridge is operating normally, and an additional 150 million SAHARA tokens will be added subsequently as a liquidity supplement.SaharaAI stated that it is still investigating the cause of the abnormal market movement and will disclose further progress once confirmable information is obtained.
According to Bloomberg, BlackRock has launched a space-themed ETF for European investors—the iShares Space Technologies UCITS ETF, ticker: STAR. The index tracked by this ETF features an IPO fast-track inclusion mechanism, allowing newly listed companies to be added to the index’s constituent stocks within 10 to 30 days after their IPO through an ad-hoc rebalancing review—without waiting for the next scheduled rebalancing.
U.S. President Donald Trump is pushing for a new policy direction: allowing the federal government to hold shares in artificial intelligence companies, thereby directly participating in the revenue growth brought by this industry. Trump stated that he will hold meetings with tech companies "very soon," possibly as early as this week, to explore cooperation methods between the government and AI enterprises.This approach aligns with his "deal-oriented" style and is not driven by traditional populist motives. On June 6, 2026, Trump said he "should be a stockbroker" and referenced the government's recent equity investment in Intel.Currently, the U.S. government already holds stakes in some companies in areas such as chip manufacturing, mining, and quantum computing. Such equity holdings are typically granted as a condition for providing federal funding, which originally did not require equity stakes.As the AI industry rapidly develops, some companies are estimated to reach valuations potentially in the trillions of dollars. Axios noted that enterprises such as OpenAI and Anthropic may reach this scale in the future.
Anna Gu, General Manager of Global Custody Products at HSBC, stated that the bank is considering offering stablecoins denominated in non-HKD currencies. The launch of such products is expected to optimize cross-border remittance services for Hong Kong and other regions. Additionally, HSBC is also exploring the integration of other stablecoins regulated in Hong Kong. Gu further added that HSBC plans to launch an HKD stablecoin as early as the second half of this year. The issued stablecoin will be integrated into the investment and payment processes within the bank's own app, supporting investment in tokenized assets. (Mobile Payment Network)
Odaily Odaily News According to the official announcement, Bitget has listed a total of 30 individual stock spot products, including rDIS (Disney), rSONY (Sony Group), rMCD (McDonald's), rKO (Coca-Cola), and rPYPL (PayPal).Reportedly, the rToken, identified by the letter r + stock ticker (e.g., rNVDA for Nvidia), is issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant brokerage firm Alpaca, it directly connects to global liquidity pools such as Nasdaq and the New York Stock Exchange. Its features include: a 1:1 reserve of underlying assets held by a licensed custodian, stock dividends distributed 1:1 in token form, synchronized mapping of corporate actions (such as stock splits/reverse splits), and holdings can be used as joint margin for unified accounts and USDⓈ-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
The Financial Conduct Authority (FCA) has proposed in its quarterly consultation paper allowing certain approved investment funds (including UCITS funds and some non-UCITS funds) to hold up to a 10% share of cryptocurrency exchange-traded notes. The proposal aims to align approved funds with investor demand while ensuring adequate consumer protection.The FCA stated that given the speculative nature of the underlying crypto assets, it would be inappropriate for retail-focused funds to have significant risk exposure to crypto products, and the 10% cap sets a conservative limit. Additionally, the FCA is seeking public opinion on whether non-regulated and qualified investor schemes should be allowed to invest in more speculative assets without a holding limit. This public consultation will last for five weeks until July 13. (cointelegraph)
according to official sources, the SAHARA token has experienced abnormal market fluctuations, and the team is monitoring developments in real-time. The team stated that its token contract and products have no security issues and has launched an internal investigation to determine the cause of the volatility. Further updates will be released subsequently.According to OKX market data, the SAHARA token has dropped 60% over the past 24 hours, currently trading at $0.01549.
the Commodity Futures Trading Commission has canceled its planned relocation to a new headquarters, opting instead to extend its existing lease for five years. This decision ensures sufficient office space to accommodate 100 new employees. The CFTC recently offered a deferred resignation plan to approximately 50 staff members, as the agency's total workforce has decreased by nearly 25% compared to 2024 levels.According to a recent White House executive order, the CFTC has reclassified 25 positions that previously enjoyed civil service protections, including policy advisors and senior advisors. Additionally, the agency anticipates a significant increase in workload due to the boom in prediction markets and the potential passage of digital asset market structure legislation by Congress, which would establish the CFTC as the primary regulator for the crypto industry. (Bloomberg)
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.