News linked to this event type.
According to a post by the Crypto Council for Innovation, Illinois Governor Pritzker has signed a digital asset tax bill—widely regarded as the nation’s most punitive digital asset tax regime—which will impose a disproportionate tax burden on Illinois residents using digital assets. The Council strongly opposes the measure, warning that it will drive innovators and developers out of the state, and has issued an official letter of opposition.
According to CoinDesk, Republican Senator Cynthia Lummis led a bipartisan group of senators in writing a letter to Treasury Secretary Scott Bessent, pointing out that the Treasury Department’s previously announced stablecoin regulatory principles failed to clarify timelines and procedural requirements for state-level certification—leaving states uncertain about how to proceed. The letter calls on the Treasury Department to issue written procedural guidance outlining the application, review, and certification processes under state regulatory frameworks, while retaining sufficient flexibility to accommodate differing legislative timelines across states.
in the first quarter of this year, South Korean retail cryptocurrency trading volume reached $69 billion, ranking second globally, trailing behind the United States' $212 billion. Data shows that South Korea's cryptocurrency trading volume in the quarter decreased by 28% year-on-year, the steepest decline among major global markets. In comparison, the US trading volume was $21.2 billion, Russia's was $4.8 billion, India's was $4.6 billion, and Turkey's was $4 billion.Analysis points out that the rise of the semiconductor sector in the South Korean stock market has absorbed a significant amount of retail funds. Additionally, the Virtual Asset User Protection Act in South Korea has raised compliance requirements, restricting domestic exchanges to spot trading only, while overseas platforms offer a wider range of products including derivatives and leverage. (koreatimes)
a bipartisan group of senators led by Cynthia Lummis has sent a letter to U.S. Treasury Secretary Scott Bessent, urging the Treasury Department to maintain state-level regulatory authority over certain stablecoin issuers when formulating the implementation rules for the GENIUS Stablecoin Act.The GENIUS Act was signed into law last year, establishing a federal stablecoin regulatory framework in the United States. It requires stablecoins to be fully backed by U.S. dollars or similar high-liquidity assets, mandates annual audits for issuers with a market capitalization exceeding $50 billion, and sets rules for overseas issuances.The Act allows stablecoin issuers with a market capitalization not exceeding $10 billion to be regulated at the state level, provided that the relevant state regulatory regime is "substantially similar" to federal requirements. The senators argue that the Treasury's previously proposed rules did not clarify the timeline and standards for applying, reviewing, and certifying state regulatory regimes, creating uncertainty for states.The letter points out that state legislative cycles vary significantly, with some states even adopting biennial legislative cycles. Therefore, a flexible and continuously open certification mechanism is needed to ensure that states can apply for certification when the need arises, rather than limiting innovation and competition due to timing mismatches.
Binance has responded to news regarding its EU license on the X platform, stating that the company remains committed to serving European users and will continue to conduct business in accordance with applicable laws.Binance stated that as the MiCA transition period draws to a close, the company is adopting a prudent, user-first strategy to minimize the impact of business adjustments. It will disclose further arrangements and available options to users once more information is obtained, with plans to release an update before June 30, 2026.Additionally, Binance noted that over the past 18 months, it has maintained constructive communication with regulators and actively participated in the MiCA approval process. According to its understanding, the Greek regulatory authority has completed its review of the relevant application and deems it compliant with MiCA requirements. The application has also been reviewed at the European Securities and Markets Authority (ESMA) level.Binance also indicated that any delays or deviations in the MiCA authorization process could weaken market liquidity, competition, and user choice, potentially pushing some activities outside the EU. The company will continue to seek compliant operational paths under the MiCA framework and keep users informed of progress.
According to The Block, State Street has launched the State Street Stablecoin Reserves Money Market Fund (SSCXX), an asset management tool for stablecoin issuers’ reserves. This fund is a Rule 2a-7 government money market fund that primarily invests in cash, short-term U.S. Treasury securities, repurchase agreements, and other cash equivalents, aiming to preserve principal, provide daily liquidity, and maintain a stable $1.00 net asset value per share.
According to two informed sources, Binance’s application for a Crypto-Asset Service Provider (CASP) license in Greece is expected to be rejected by regulators. If true, this could put Binance at risk of failing to obtain critical authorization under the EU’s Markets in Crypto-Assets Regulation (MiCA), thereby affecting its ability to continue offering certain services to EU customers.
according to two informed sources, Binance's license application submitted in Greece is expected to be rejected by regulators. This could potentially result in the exchange losing its eligibility to provide services to clients within the European Union.The report indicates that if the license application is ultimately denied, Binance's compliance strategy in the EU market will face a significant setback. However, as of now, the relevant decision has not yet been officially announced. (Reuters)
Sui posted on X platform, stating its network supports institution-level cross-border payments compliant with major global regulatory frameworks such as MiCA, FATF, and Basel, enabling peer-to-peer real-time settlement.
U.S. Senator Cynthia Lummis stated on the X platform that the CLARITY Act will allocate $150 million to support law enforcement in tracking scammers and other criminals in the digital asset space, strengthening the crackdown on cryptocurrency-related criminal activities.
According to PRNewswire, Nasdaq-listed Canton Coin Treasury Company Canton Strategic announced that its Board of Directors has approved a $50 million share repurchase program. The repurchase will be conducted through open-market transactions or other compliant methods in accordance with U.S. securities laws. However, the timing, scale, and execution method of the repurchase may be adjusted or terminated based on market conditions, stock price performance, trading volume, regulatory environment, and other factors. The company does not commit to any minimum or fixed number of shares to be repurchased.
According to Jiemian News, in response to market rumors stating that “SK Hynix plans to introduce a shareholder return policy worth 100 trillion Korean won,” SK Hynix told Jiemian News: “We are exploring various measures to enhance shareholder value, but the Company has never discussed specific details such as the scale of shareholder returns mentioned in the related reports.”
According to The Block, the International Monetary Fund (IMF) stated that Nigeria’s widespread adoption of U.S. dollar–pegged stablecoins is challenging the country’s existing monetary policy and regulatory framework. The IMF noted that the naira’s depreciation, high inflation, and limited access to official foreign exchange are driving local households and small and medium-sized enterprises (SMEs) to adopt stablecoins for cross-border payments and hedging against exchange rate risk.
According to Korea Economic Daily, after completing its U.S. ADR listing, SK hynix plans to implement a shareholder return program worth up to 100 trillion Korean won in Q4 2026, comprising share buybacks and cash dividends. The share buyback is reportedly expected to amount to approximately 2% of the company’s total outstanding shares. The report notes that SK hynix aims to leverage its ADR listing to secure a corporate value re-rating in global capital markets while simultaneously increasing investments in AI infrastructure.
Syscoin has released a security incident report detailing the UTXO-to-NEVM bridge vulnerability. According to the report, this incident resulted in the unauthorized release of approximately 5 billion SYS tokens on the UTXO side. The affected funds have since been returned to the official recovery address and permanently destroyed using the standard OP_RETURN mechanism, rendering them unusable by the protocol. As a result, the on-chain SYS supply has reverted to its expected value. The bridge functionality remains suspended while the team completes its final review and remediation efforts.
DeFi structured protocol Thetanuts Finance issued a statement responding to a security incident involving one of its Vaults. According to preliminary findings, the affected Vault was an outdated contract version deprecated and fully migrated years ago, and bears no relation to any currently active contracts or products. Further investigation into the details is ongoing, and a comprehensive post-mortem report will be published once additional information becomes available. Earlier reports indicated that Thetanuts Finance may have suffered a hack, with estimated losses totaling approximately $2.1 million.
U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig posted on X to clarify several misunderstandings regarding perpetual futures contracts and to address the controversy surrounding the CFTC's recent approval of related contracts.Mike Selig stated that the Commodity Exchange Act and relevant CFTC rules do not explicitly require a "futures contract" to have a fixed maturity or delivery date. Since Congress has not clearly defined the term, futures contract classification primarily relies on judicial precedent and CFTC interpretations, and a fixed maturity date is not a necessary condition.Regarding the claim that "the BTCPERP contract approved by the CFTC allows U.S. users to use 250x leverage," high leverage is not an inherent characteristic of the perpetual contract structure itself, but rather a feature of previous offshore trading platform models. Perpetual contracts regulated by the CFTC will adhere to the same leverage limits as other regulated futures products.In response to criticism that "the CFTC did not provide industry participants with an opportunity for input and feedback," the CFTC issued a public request for comment on "perpetual contracts" and "24/7 trading" in April 2025 and received over 100 responses from industry participants, including several CFTC-registered entities. Furthermore, addressing concerns that the funding rate mechanism could incur high costs and induce adverse market behavior, when considering the costs of opening and rolling over traditional term futures contracts, the annualized holding cost of perpetual contract funding rates is generally comparable to that of traditional futures. In fact, the funding rate mechanism helps maintain the contract's price anchor to the spot market and serves as a market disciplining force.
According to an official FBI notice, the Federal Bureau of Investigation issued a public announcement on June 16, 2026, stating that it had seized substantial assets across multiple U.S. judicial districts for violations of federal law. Seized assets include cash, vehicles, cryptocurrencies, jewelry, firearms, and electronic devices. The seized assets span a broad range, including: multiple large cash deposits and luxury goods—including Hermès and Chanel handbags and jewelry—in California; various cryptocurrencies—including Bitcoin and Ethereum—in Connecticut; over $460,000 in USDT stablecoins in Texas; nearly $500,000 in USDT in Indiana; and more than $1.1 million across multiple bank accounts held by CO EBikes LLC in Colorado.
the U.S. Government Accountability Office (U.S. GAO) sent a letter to FDIC Chairman Travis Hill on June 8. The letter noted a significant increase in blockchain-related financial products and services, and that blockchain technology has been placed on a high-risk list. The U.S. GAO recommended establishing relevant coordination mechanisms to help regulatory agencies such as the FDIC jointly identify risks and implement timely regulatory responses.Additionally, under the GENIUS Act passed last year, the FDIC is the primary regulator overseeing bank-affiliated stablecoin issuer subsidiaries. The U.S. GAO also recommended that the FDIC rotate case managers assigned to banks to reduce threats to independence. The failure of three crypto-related banks in 2023 has raised questions about whether regulators took sufficient action. (cointelegraph)
Odaily Odaily报道，The U.S. government ordered Anthropic to suspend access to its latest AI model for foreign nationals due to national security concerns, following which Anthropic disabled access to Fable 5 and Mythos 5 for all users. Grayscale Head of Research Zach Pandl noted that this move exposes the risks of centralized control over frontier AI technologies and will drive market demand for decentralized alternatives.Within 12 hours of Anthropic cutting off access, the Bittensor token TAO rose 30%, reaching $283 on Monday, a nearly three-week high. Pandl expects that as investors seek alternatives to centralized AI, demand for decentralized AI platforms like Bittensor will continue to rise. (cointelegraph)