News linked to both this project and an event.
According to The Block, U.S. Senate and House leaders jointly released an updated version of the “Pathway to 21st Century Housing Act,” confirming a bipartisan agreement between both chambers. The bill’s core focus is housing affordability reform, including expanding housing supply and curbing market monopolization by corporate landlords. Notably, an attached provision explicitly prohibits the Federal Reserve from issuing or creating a central bank digital currency (CBDC) or any “substantially similar” digital asset before December 31, 2030—a clause spearheaded by Republican members of the House. The Trump administration maintains a consistent stance: Treasury Secretary Bessent has previously stated unequivocally that a CBDC is “not under consideration.” The bill will first undergo a procedural vote in the Senate and is expected to be submitted to the House for consideration after Congress resumes on June 23, following its recess; it will then proceed to the President for signature.
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.
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.
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 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 CryptoSlate, U.S. Representatives Lance Gooden and Josh Gottheimer jointly introduced the Federal Cryptocurrency Theft Enforcement and Coordination Act, which proposes establishing a Federal Cryptocurrency Theft Task Force within the Department of Justice (DOJ). The task force would comprise representatives from the DOJ, FBI, Department of Homeland Security, and Department of the Treasury (including FinCEN). It would serve as the federal government’s central coordinating body for preventing, investigating, and prosecuting cryptocurrency theft cases, while also providing training and technical guidance to local law enforcement agencies on evidence collection, asset tracing, and victim support. This move follows the DOJ’s April 2025 decision to disband the National Cryptocurrency Enforcement Team (NCET), citing a shift toward “prosecution over regulation.” FBI data shows that cryptocurrency-related complaints reached 181,000 in 2025, with losses exceeding $11 billion. Notably, the bill explicitly excludes cryptocurrency market regulation from the task force’s mandate, and existing criminal statutes remain unchanged. However, critical details—including funding sources, staffing levels, and victim response mechanisms—remain undefined, prompting external concerns about the bill’s practical implementation.
crypto asset trading platform Gate has announced the listing of RLUSD, a U.S. dollar stablecoin launched by Ripple, at 17:00 (UTC+8) on June 15. Simultaneously, it will open the BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT trading pairs. RLUSD is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury bonds, and other cash equivalents, with monthly reserve audit reports enhancing transparency and compliance. This stablecoin is specifically designed for payment use cases, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable stablecoins with real-world application capabilities.To support the listing, Gate has simultaneously launched a market incentive program totaling 750,000 RLUSD. This program includes measures such as CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee reductions, and KOL promotions, all designed to drive genuine trading demand, improve market depth, and attract new user participation and market vitality. The listing of RLUSD combined with the concentrated release of incentive resources demonstrates Gate's strategic direction of continuously improving its stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. Moving forward, Gate will expand its offerings with more high-quality assets and ecosystem partnerships, driving the continued evolution of digital asset market infrastructure.
Odaily, Japanese Bitcoin treasury company Metaplanet has reached an agreement to acquire 100% of the equity in Siiibo Securities, a licensed Type 1 securities firm in Japan. The transaction is expected to be completed in July, after which Siiibo Securities will be renamed Metaplanet Securities.Metaplanet stated that this acquisition is its first major M&A deal and the first concrete step in executing its long-term strategy, "Project Nova," which aims to build a Bitcoin-centric financial ecosystem in Japan. By integrating Siiibo Securities' Type 1 securities license and online securities platform, Metaplanet plans to develop and distribute Bitcoin-linked yield products for Japanese investors.Metaplanet announced that its balance sheet currently holds 40,177 BTC. Following this acquisition, Metaplanet Securities will leverage its securities business license to offer new Bitcoin yield investment opportunities in the Japanese market. The company recognized the Siiibo Securities team's previous achievements in building Japan's online corporate bond market, and the merger will further promote the development of Bitcoin-related financial products in Japan.
U.S. House bipartisan lawmakers introduced a bill on Thursday to establish a cross-agency federal cryptocurrency theft task force under the leadership of the Attorney General, aimed at coordinating and leading investigations into cryptocurrency theft, fraud, and hacker attacks.The bill is jointly sponsored by Republican Representative Lance Gooden of the House Judiciary Committee and Democratic Representative Josh Gottheimer of the House Financial Services Committee. The task force will include multiple federal agencies such as the Department of Justice, the Federal Bureau of Investigation, the Department of Homeland Security, and the Department of the Treasury, aiming to address the $11 billion theft and fraud issues caused last year and provide victims with a unified federal response mechanism. (coindesk)
the Bitcoin treasury company Nakamoto officially announced that it generated approximately $48 million in net proceeds by selling about 600 BTC and related derivative positions, thereby repaying approximately $45 million in outstanding debt to Kraken. This move is expected to reduce annual financing costs by approximately $4 million.Following the transaction, the company signed a new loan term sheet with Kraken for the remaining 165 million USDT, with a principal of 105 million USDT deferred to June 30, 2027, and an annual interest rate that can be reduced to 7.75% upon meeting the Bitwise custodied wallet collateral threshold. Additionally, the company’s board of directors has authorized a share repurchase program of up to $25 million. Currently, the company still holds approximately 4,467 BTC on its balance sheet. Furthermore, according to a notice from Nasdaq, the company has regained compliance with listing requirements.
According to Ledger Insights, Federated Hermes—a U.S.-based asset management firm with $907 billion in assets under management—has announced the launch of the Federated Hermes Money Market Management Digital Treasury Fund, a money market fund compliant with the GENIUS Act’s stablecoin regulatory requirements. Primarily targeting stablecoin issuers, the fund is also open to institutional and retail investors. Its collateral assets have maturities of no more than 93 days, and its investment scope includes cash and U.S. Treasuries—highly liquid assets.
According to an official announcement, Gate has launched a limited-time USD1 staking program offering high yields. During the campaign period, users holding USD1 in their asset accounts (minimum holding requirement: 1 USD1) can earn up to 20% annualized yield. The annualized yield rate is adjusted daily based on the remaining monthly reward budget and the platform’s total effective USD1 holdings. The updated annualized yield rate is published daily around 14:00 (UTC+8). The system takes hourly snapshots of users’ USD1 balances to calculate the average holding amount for yield calculation. Yields are distributed to users’ asset accounts the following day. According to the announcement, USD1 is a U.S. dollar-pegged stablecoin issued by World Liberty Financial. It is fully collateralized by U.S. Treasury bills and cash equivalents, designed to maintain a stable 1:1 peg with the U.S. dollar. As a regulated, reserve-backed asset, USD1 delivers the same price stability as traditional cash—on-chain and in digital form.
According to The Block, the Hyperliquid Policy Center and Paradigm have jointly written a letter to the U.S. Department of the Treasury urging revisions to a proposed anti-money laundering rule, stating that it could impose strict liability on stablecoin issuers for secondary-market transactions over which they lack substantive control.
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
Bitfinex Alpha's latest report indicates that Bitcoin has entered a deeper correction phase, dropping to a low of $59,200 on June 5, a cumulative 53% decline from its all-time high in October 2025. This decline is primarily driven by record outflows from spot ETFs, derivative deleveraging, and sustained pressure from a high-interest-rate macroeconomic environment. The yield on the 10-year US Treasury note currently remains above 4.45%, further dampening market expectations for a Fed rate cut.On-chain and fund flow data suggest the current market is closer to a "distribution phase" than "panic selling." The spot Cumulative Volume Delta (CVD) has turned significantly negative after strong accumulation from April to May, indicating that recent buyers are steadily exiting. Meanwhile, the cost basis for short-term holders has fallen below the True Market Mean of $77,800, meaning a large number of new investors are in unrealized loss positions, creating significant selling pressure for any potential rebound. As the price approaches the overall realized cost basis of around $53,900, the characteristic of reducing positions on bounces is becoming more pronounced.At the macro level, the US economy continues to grow, but inflation is eroding real household income. The job market remains robust, with job openings hitting a nearly two-year high and continued job creation exceeding replacement levels. Sectors such as healthcare, manufacturing, construction, and leisure and hospitality are all expanding. However, inflation is expected to continue outpacing wage growth, leading to a decline in real purchasing power and presenting the Fed with a more complex balance between maintaining employment and controlling inflation.The key driver of current market trends has shifted to real yields. Driven by rising energy prices and geopolitical risks, inflation expectations are heating up, pushing both nominal and real yields on US Treasuries higher. Higher real yields increase the opportunity cost of holding non-yielding assets, prompting investors to reassess their allocation to risk assets. Bitcoin has been the first to feel the impact, with US spot ETFs experiencing their largest outflows since launch. The market has also shifted from betting on rate cuts to pricing in the risk of "higher for longer" interest rates. Bitfinex Alpha believes that, in the current phase, the trajectory of real yields has become the most important variable influencing performance in both traditional financial and digital asset markets.Despite short-term pressure, the institutionalization process continues. The report notes that Securitize's approval to list on the New York Stock Exchange signals that tokenization infrastructure is further integrating into the traditional financial system. Concurrently, the US GENIUS Act is advancing a regulatory framework for stablecoins, bringing issuers under compliance requirements similar to those for traditional financial institutions. The institutio
U.S. Treasury Secretary Bessent stated at a Senate Finance Committee hearing that the Treasury Department is advancing President Trump's executive order to establish a strategic Bitcoin reserve with "deliberate speed," emphasizing the adoption of "best practices" to ensure the long-term sustainability of the mechanism. Bessent noted that the strategic Bitcoin reserve is a new frontier and its implementation is relatively complex, so the government is carefully developing the custody and management framework. Currently, the U.S. government holds approximately 328,400 Bitcoins, valued at around $20.6 billion, primarily obtained from criminal and civil asset forfeitures.Additionally, Bessent called on Congress to advance the digital asset market structure bill, the CLARITY Act, which he believes is crucial for maintaining the U.S.'s leading position in digital asset innovation. The bill aims to clarify the regulatory framework for digital assets and define when crypto tokens fall under securities or commodity regulations. Relevant legislation has now entered the Senate review process. (Decrypt)
Odaily news, US Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that the Treasury Department is steadily advancing the establishment of a strategic Bitcoin reserve. Meanwhile, Scott Bessent urged lawmakers to support the digital asset regulatory bill "Clarity Act" and expressed hope that it would pass this summer, in order to bring US best practices home and make America the world’s innovation capital.Regarding the strategic Bitcoin reserve, Scott Bessent noted that while the process is complex, it is moving forward, ensuring the adoption of best practices amid the complexities so that it can be sustainable in the future. (The Block)
According to reports by HKET, Hong Kong’s Acting Secretary for Financial Services and the Treasury, Mr. Chan Ho-lam, stated that the authorities will submit legislative proposals to the Legislative Council this year regarding virtual asset advisory and asset management services, aiming to establish a comprehensive regulatory regime covering trading, custody, advisory services, and asset management, and to implement a mandatory licensing arrangement.
Hong Kong Securities and Futures Commission (SFC) Chairman Wong Tin-yau revealed in a recent speech that Hong Kong has systematically expanded the scope of products and services available from licensed institutions. This includes offering more diversified product options for professional investors, piloting secondary market trading of tokenized products, launching virtual asset-related financing services, and establishing a regulatory framework for virtual asset leveraged products. The 12 licensed virtual asset trading platforms in Hong Kong recorded a total trading volume exceeding HKD 640 billion in 2025, with the trading volume in the first quarter of this year surging nearly threefold year-on-year. Additionally, brokerage firms engaged in virtual asset-related businesses saw their corresponding commission income grow by over 80% year-on-year last year.On the institutional front, Hong Kong will optimize its comprehensive regulatory framework for virtual assets, covering key areas such as custody, trading, asset management, and investment advisory. The public consultation on the relevant licensing regime has been completed, and legislative proposals will be finalized with the Hong Kong Treasury Bureau. The target is to submit a bill to the Legislative Council in 2026, aiming to establish a regulatory system that is fully aligned with international standards and strictly adheres to the principle of "same business, same risks, same rules."
The Odaily Seer Channel monitoring shows that Polymarket has listed a new prediction event: "Will the U.S. federal government officially issue a $250 bill featuring Donald Trump’s portrait before December 31, 2026?"U.S. Treasury Secretary Scott Bessent confirmed on May 28 that the official design for a $250 bill featuring President Trump’s portrait is ready, in anticipation of the 250th anniversary of the founding of the United States. However, actual progress on the plan is currently blocked by stalled legislative procedures in Congress. According to H.R. 1761, introduced as early as February 2025, issuing this currency requires amending the Federal Reserve Act to authorize the new denomination and to waive the long-standing legal restriction prohibiting portraits of living individuals on U.S. currency. As the bill remains stuck in the House Financial Services Committee, with no substantial floor vote or progress in the Senate, the probability of completing legislation and printing the bill within the remainder of this year is low.The Odaily Seer Channel continues to monitor the prediction market—see the changes before the price is set.