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Regulation/Compliance

News linked to both this project and an event.

U.S. House Democrats Call on FTC to Investigate Prediction Market Advertising

: Nine Democratic members of the U.S. House of Representatives have called on the Federal Trade Commission (FTC) to investigate prediction markets, reviewing whether their advertising campaigns are consistent with the statements they make to regulators. Representatives Kevin Mullin and Gabe Vasquez stated that prediction market platforms present themselves to regulators as financial instruments offering investment products, yet advertise to the public as gambling platforms. This contradictory information could mislead consumers.The lawmakers have requested that the FTC provide a detailed response by June 29 on whether it plans to launch an investigation or take enforcement action against prediction markets. Prediction markets have recently come under scrutiny over insider trading issues, and Congress launched investigations into Polymarket and Kalshi in May. (Cointelegraph)

Coinbase to Launch SpaceX Pre-IPO Perpetual Contracts

According to the official announcement, Coinbase has announced that trading for the SpaceX Pre-IPO Perpetual Contract (SPCX-PERP) will go live on or after June 4, 2026, at 14:00 (UTC+8). Trading in this market will be available in regions where liquidity conditions are met and local regulatory support is in place.

Coinone announces strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings

on June 4, Coinone announced its strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings at its headquarters in Yeouido, Seoul. Previously, Korea Investment Securities and OKX had each acquired a 20% stake in Coinone, becoming its third-largest shareholders. Coinone CEO Cha Myunghoon retains his position as the largest shareholder with a 30.36% stake, while Com2uS Holdings continues as the second-largest shareholder with a 24.54% stake. Coinone stated that this is a strategic investment aimed at bridging traditional finance and the crypto asset market, rather than a purely financial one. OKX will serve as Coinone's global technology partner, providing its accumulated technical expertise and support, including trading technology and wallet infrastructure. Korea Investment Securities will offer support in traditional financial compliance and trust systems, while Com2uS Holdings will provide content IP and IT infrastructure. Coinone indicated that in the short term, it will leverage the capabilities of its partners to strengthen its competitiveness in the South Korean crypto asset market. In the medium term, it plans to launch digital financial products such as STOs and stablecoins within the legal framework. Cha Myunghoon stated that after bringing in new shareholders, the continuity and stability of the company's operations will be maintained.

CFTC Follows SEC in Repealing the “No-Action” Policy, Marking a Major Shift in Crypto Enforcement Settlement Rules

According to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) announced on June 4 the repeal of its nearly 30-year-old “neither admit nor deny” policy. Introduced in 1998, this policy required defendants to agree not to publicly deny the CFTC’s allegations as a condition of settlement. CFTC Chairman Rostin Behnam stated that the move aligns with the broader direction across federal regulatory agencies and grants the Commission greater flexibility in enforcement settlements. Earlier in May, the Securities and Exchange Commission (SEC) had already repealed a similar policy. Several crypto firms had criticized the rule for restricting their freedom of speech.

Drift Protocol Launches Full Rebuild After North Korean Hacker Attack, Enlists Top-Tier Security Team to Accelerate Platform Post-Mortem

According to Drift’s official announcement, the Drift Protocol released its latest recovery update on June 3, 2026. An independent forensic investigation conducted by cybersecurity firm Mandiant has confirmed that the prior attack against Drift was carried out by the North Korean threat group UNC6862, whose tactics closely align with those historically employed by North Korean state-sponsored hacking operations. On the rebuilding front, Drift announced the appointment of Noah Prince—former Engineering Lead of the Helium Protocol—as Protocol Lead, who will spearhead codebase hardening and platform security architecture redesign. Additionally, former members of the Gauntlet team have been brought on board to conduct margin engine reviews, optimize funding rates and market parameters, enhance liquidation mechanisms, and implement continuous risk monitoring. Drift plans to relaunch with “security-first” as its core principle, repositioning itself as Solana’s largest USDT-perpetuals exchange. With support from strategic partners including Tether, Drift will establish a dedicated recovery pool funded by platform revenues to compensate users for losses. Further details regarding the recovery mechanism and timeline will be disclosed progressively.

South Korean Incheon mayoral candidate accused of falsifying assets, suspected of failing to declare spouse’s cryptocurrency holdings

According to Yonhap News Agency, on June 1, the Incheon Metropolitan City Election Commission formally filed a complaint with the Incheon Police Agency against Yoo Jeong-bok, the presidential candidate of the People Power Party for Incheon mayor, citing violations of the Public Official Election Act. Yoo is accused of submitting false information in his candidate asset disclosure: his spouse’s actual assets amount to approximately 518.57 million KRW—significantly higher than the declared amount of 439.88 million KRW—and their combined household assets should total approximately 1.92297 billion KRW, not the declared 1.84472 billion KRW. Earlier media reports indicated that his spouse held 21,000 units of virtual assets and transferred them to overseas exchanges to evade local election asset disclosure obligations. The Incheon Police Agency’s Anti-Corruption Investigation Unit will merge this complaint with a related case previously filed by the Democratic Party of Korea for joint investigation.

SEC Releases Draft Strategic Plan for 2026–2030, Proposing a Regulatory Framework for Digital Assets

According to the SEC’s official website, the U.S. Securities and Exchange Commission (SEC) released the “Draft Strategic Plan for Fiscal Years 2026–2030” on June 2 and opened it for public comment. The plan centers on three key objectives: (1) supporting innovation and capital formation by clarifying the regulatory framework for digital assets and distributed ledger technology; (2) enhancing communication and engagement with market participants, refocusing enforcement efforts on combating fraud and market manipulation; and (3) advancing technological modernization—including upgrading the EDGAR system and integrating artificial intelligence and blockchain technologies to improve regulatory efficiency. SEC Chair Paul S. Atkins stated that the Commission remains committed to its core mission of protecting investors, maintaining fair markets, and facilitating capital formation. The public may submit comments by July 2, 2026; the document number is DSP-3.

Polymarket's "Anthropic to IPO before September 30" probability drops to 30%, down 37% in 24 hours

Odaily Seer Prophecy Channel monitoring shows that the probability of "Anthropic to IPO before September 30" on Polymarket has dropped to 30%, a 24-hour decline of 37%. Additionally, the probability of "Anthropic to IPO before December 31" is currently reported at 89%.On June 1, Anthropic announced that it had confidentially submitted a U.S. IPO application, moving ahead of competitor OpenAI in the listing process. In a statement, Anthropic said filing the prospectus "gives us the right to choose to go public after the SEC completes its review" and emphasized that "the proposed initial public offering will depend on market conditions and other factors."According to media reports, Anthropic's listing could be as early as this fall, but it has not disclosed the offering size or terms.Odaily Seer Prophecy Channel continues to monitor the prediction market, seeing changes before they are priced in.

UK MP Calls on Bank of England to Ease Stablecoin Regulation

The Bank of England stated that the final policy and draft rules for systemic stablecoins will be officially published in late June.

Clarity Act has been placed on the US Senate legislative calendar, with the next major step being a full Senate vote

Bitcoin News posted on X platform, stating that the Clarity Act has been formally submitted by the US Senate Banking Committee and placed on the Senate legislative calendar. The committee voted to advance the bill on May 14. As of June 1, the relevant process has been completed, and the bill can now be scheduled for consideration by the full Senate, with the next major procedure being a full Senate vote.Currently, the bill has completed submission, committee hearings, committee review and amendments, passing the Senate Banking Committee with a vote of 15 in favor and 9 against, and has been placed on the Senate calendar. It awaits a full Senate debate and amendments, a full Senate vote, coordination between the House and Senate, and the President's signature.

Tiger Brokers: Starting June 12, existing investors’ accounts will be suspended from opening new positions or adding positions in all product categories within mainland China.

According to Securities Times, Tiger Brokers issued a notice stating that, in order to comply with the industry regulatory requirements for a two-year concentrated rectification period and promote standardized development of cross-border securities business, Tiger Brokers will adjust its services for existing investor accounts within mainland China.

Polymarket has a new prediction market: "June world is peaceful and uneventful," with the probability of nothing happening currently reported at 86%

Odaily Seer Channel monitors that Polymarket has launched a new prediction market titled "June world is peaceful and uneventful." Currently, the probability of something major happening (Something) stands at 14%, while the probability of nothing happening (Nothing) is reported at 86%.Traders believe there is an 86% likelihood that the market will see "no major progress" in June, as no significant diplomatic or policy breakthroughs appear imminent in the initial weeks.If any of the following conditions are met between the market creation and June 30, 2026, at 11:59 PM Eastern Time (US):- WTI crude oil price breaks through $150;- The U.S. confirms the existence of extraterrestrials;- The Federal Reserve decides on any policy adjustments in June;- A ceasefire between Russia and Ukraine;- Iran agrees to hand over its enriched uranium stockpile.Then the market will be settled as "Something"; otherwise, it will be settled as "Nothing."Odaily Seer Channel continues to follow prediction markets, seeing the changes before prices are set.

Brazil’s Central Bank mandates independent financial audits for crypto service providers

Starting June 1, the Central Bank of Brazil officially tightened licensing requirements for Virtual Asset Service Providers (VASPs), mandating that all cryptocurrency firms applying for or renewing their licenses undergo independent financial audits. The audit scope covers compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations, segregation of client funds from platform-owned funds, risk management mechanisms, and staff training. Audit firms must be registered with the Brazilian Securities and Exchange Commission (CVM). Previously, Brazil established a regulatory framework for virtual assets through legislation in 2022 and introduced the VASP licensing category in November 2025. This latest regulation further strengthens compliance oversight of the cryptocurrency industry.

Twenty One Capital Faces NYSE Compliance Crisis, Stock Plummets 83% Year-to-Date

According to Protos, Twenty One Capital (ticker: XXI), a Bitcoin reserve company controlled by Tether, received an official non-compliance notice from the New York Stock Exchange (NYSE) on May 29 due to insufficient independent directors on its Audit Committee. The company must rectify the issue by Friday, June 6; otherwise, its stock will be assigned the “BC” (Below Compliance) designation starting June 9. The incident stems from May 19, when Tether acquired all 89.1 million Class A shares held by SoftBank and canceled the corresponding Class B shares. Concurrently, Tether terminated the governance agreement granting SoftBank veto rights over the Board of Directors. As a result, the two directors appointed by SoftBank—including Jared Roscoe, a member of the Audit Committee—resigned the same day, reducing the number of independent Audit Committee members from two to one, thereby triggering the NYSE’s compliance threshold. Twenty One Capital has stated it will appoint a new independent Audit Committee member as soon as possible but has not disclosed the specific candidate or who holds the authority to make the appointment. The company currently holds 43,514 BTC, valued at approximately $3.1 billion, yet its total market capitalization remains below $2.5 billion. Amid leadership instability and multiple unfulfilled business commitments, its stock price has plunged over 83% in the past year.

New York Court Hears Case Claiming Ownership of Bitcoin from Dormant Addresses, Including Satoshi Nakamoto's, Worth a Total of $274 Billion

Galaxy stated in March this year, the New York State Supreme Court quietly accepted a lawsuit seeking to confirm the ownership of over 3.7 million Bitcoin (worth approximately $274 billion) associated with 39,069 Bitcoin addresses. This includes addresses belonging to Bitcoin creator Satoshi Nakamoto (a total of 21,744 addresses holding 1.09 million Bitcoin, valued at $83.7 billion at current prices).The plaintiff is Noah Doe (a pseudonym) and two unnamed Wyoming limited liability companies. Noah Doe requests the New York State Supreme Court to declare, via a declaratory judgment action (New York Civil Practice Law and Rules Section 3001) under the New York State Abandoned Property Law (Personal Property Law Article 7-B), that they possess ownership of these dormant addresses.In short, they seek a ruling from a New York court that the Bitcoin belonging to founder Satoshi Nakamoto (along with many other lost Bitcoin addresses) constitutes abandoned property. They argue they are entitled to legal ownership by virtue of "finding" these cryptocurrencies. From June 30 to July 10, 2025, they sent "disclaimer notices" to each found address via OP_RETURN.However, even if they win the case entirely, they will ultimately only obtain a court declaration. They will not receive any private keys, nor will they be able to transfer any Bitcoin from these addresses. But Galaxy states that the true value of the New York ruling lies in its ability to act as a "cloud on title." If these Bitcoins ever appear on any regulated platform, plaintiff Noah Doe could use this document to file a claim with an exchange or custodian.

BIT: Bitcoin Faces Seasonal Pressure in June; Multiple Catalysts Could Drive Short-Term Rebound

According to independent analyst Markus Thielen, Bitcoin is down 16% year-to-date and is entering its historically seasonally weak June window—over the past decade, June’s average return has been just +0.7%. However, this year’s May rally significantly underperformed the historical average, raising the probability of a seasonal reversal. Meanwhile, several catalysts are set to materialize soon, including U.S.-regulated crypto perpetual futures products and Nasdaq CME Crypto Index Futures (scheduled for launch on June 8). If these bring new buying support, Bitcoin could stage a short-term rebound.

The U.S. Department of State has designated Brazilian criminal organizations CV and PCC as "Specially Designated Global Terrorists"

the U.S. Department of State announced the designation of two Brazilian organizations, Comando Vermelho (CV) and Primeiro Comando da Capital (PCC), as "Specially Designated Global Terrorists (SDGTs)." They plan to officially designate them as "Foreign Terrorist Organizations (FTOs)" starting June 5, 2026. These organizations have been accused of using digital currencies for money laundering, with PCC reportedly using Bitcoin mining as a cover for laundering funds.Previously, Brazil passed a new law in March of this year allowing confiscated crypto assets to be used for public safety expenditures. This move marks Brazil's shift in viewing crypto assets from a potential reserve tool to law enforcement resources, strengthening efforts to combat crimes by PCC, CV, and other organizations, while advancing the judicial system's capabilities in regulating and disposing of digital assets.

Gate Europe to Appear at Money20/20 Europe and Host Capital Social Industry Networking Event

Gate Europe will host the "Capital Social at Money20/20 Europe" industry networking event on June 2, focusing on key topics such as the integration of fiat and digital assets, institutional liquidity, cross-border payments, and institutional-grade settlement. The event is co-organized by Gate Institutional, Gate Fiat, and Gate Pay, and presented together with Utexo, OpenPayd, and CyantArb. It is expected to attract over 150 professionals from the payments, OTC, institutional trading, and fintech sectors.This event will feature in-depth discussions on capital flows in the digital asset era, global payment networks, on-chain settlement efficiency, and institutional infrastructure collaboration. The Gate senior management team and several industry guests will also share the latest trends and practices in areas such as institutional liquidity, fiat infrastructure, and payment synergies.As the European digital asset market continues to mature, institutional demand for compliant payments, stable liquidity, and cross-border clearing and settlement systems is growing rapidly. Gate is steadily advancing its European compliance efforts. Gate Europe, the Malta-based entity under the Gate Group, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), further strengthening its global compliance framework.

Yuga Labs: ApeCo Lead Cam to Depart, ApeChain Core Tech and BD Teams Shift to Direct Collaboration

Odaily Yuga Labs CEO Michael Figge announced on X that the team will implement several adjustments to ApeCoin. Previously, due to regulatory uncertainty, Yuga Labs and ApeCo adopted a parallel coordination model, which resulted in lower efficiency. As the regulatory environment evolves, the team has decided to simplify the structure and eliminate the independent ApeCo lead role. ApeCo Lead Cam will depart, while the ApeChain core technology and BD teams will collaborate directly with Yuga Labs. Certain other team members will also be leaving, with the transition set to be completed by June 5.

US CFTC Admits 2022 Gemini Lawsuit "Should Not Have Been Filed", Parties Jointly Seek to Vacate Judgment

: The United States Commodity Futures Trading Commission (CFTC) announced that it has jointly filed for an exemption from judgment with Gemini Trust Company LLC regarding the lawsuit initiated against Gemini in 2022.It is reported that the case was filed in June 2022, and both parties reached a settlement agreement in January 2025. After a comprehensive review, the CFTC concluded that the case should not have been brought and would not be pursued under current enforcement standards.The review report identified six major issues, including: the lawsuit was primarily based on statements from a whistleblower known to lack credibility; the investigation targeted Gemini as the victim rather than focusing on the alleged fraudsters; doubts existed regarding the strength of evidence against Gemini; key evidence was not provided to commissioners during their vote; litigation attorneys used deliberative privilege to prevent Gemini from accessing defense materials; and personnel involved were suspected of using regulatory authority to pressure Gemini into a settlement.