✦ Galaxy Digital’s research head says the SEC proposal to repeal Reg NMS order protection rules could remove a major obstacle for trading tokenized stocks in DeFi
✦ The European Central Bank raised its deposit rate by 25 basis points to 2.25% marking its first hike since 2023 due to inflation pressures from the Iran war
✦ South Korea’s Ministry of Economy and Finance announced that tokenized stocks will be treated as securities and potentially taxed as early as late 2026
✦ The 2026 World Cup officially kicked off in Mexico City with a performance by Shakira as Mexico and South Korea secured victories in their Group A openers
✦ ANZ Bank lowered its year-end gold price forecast to $5,200 per ounce from the previous $5,600 reflecting recent price movements in the precious metals market
✦ President Donald Trump warns of continued Tomahawk missile strikes unless Iran accepts a peace deal and reopens the Strait of Hormuz
✦ Honda is recalling over 1.04 million vehicles in the United States due to safety concerns reported by the federal regulator NHTSA
✦ Japan’s lower house is set to pass a bill classifying cryptocurrencies as financial instruments similar to stocks to enhance the regulatory framework
✦ Hong Kong’s Financial Secretary Christopher Hui announced that licensed stablecoin issuers are expected to officially launch by mid-year
✦ SpaceX plans to sell 555.6 million shares at a $210 billion valuation while experts warn of potential post-listing price slumps
✦ A long-dormant Satoshi-era Bitcoin address holding 35.55 BTC moved its coins for the first time in 14 years amid a 285 billion dollar lawsuit in New York seeking ownership of 3.8 million BTC.
✦ Grayscale has filed an S-1 registration statement with the SEC to launch a spot exchange-traded fund for the Canton token CC to track the performance of the token.
✦ The market is focusing on next week's macro outlook including US CPI data, major Central Bank interest rate decisions, and the highly anticipated SpaceX IPO.
✦ South Korea's five largest crypto exchanges including Upbit and Bithumb reported 57 hacking incidents and technical errors with total compensation reaching 7.0 billion won.
✦ Key sticking points in US-Iran talks over an interim deal have emerged as peace negotiations stall following overnight strikes that kept oil prices above 90 dollars.
✦ Nasdaq plunged 4.18% marking its worst day in over a year as blowout US jobs data fueled interest rate concerns and sent semiconductor stocks tumbling more than 10%.
✦ USDT market capitalization reached 187 billion USD officially surpassing Ethereum to rank as the second largest cryptocurrency amid significant market volatility.
✦ Turkey’s Presidential Communications Directorate registered the ENS domain cbiletisim.eth and utilized IPFS for official publications to support a decentralized information structure.
✦ Citigroup warned that global equity markets are facing their largest bubble since 2008 with multiple key indicators on its checklist entering the bear market danger zone.
✦ Former US President Donald Trump pledged to quickly end the conflict with Iran if elected to remove a major driver of inflation and high cost of living for Americans.
✦ Josh Swihart stated Zcash shielded pool share dropped to 30% over 48 hours due to FUD from a vulnerability incident involving the Orchard pool
✦ Spot Bitcoin ETFs experienced a record 13-day streak of net outflows totaling $4.33 billion or approximately 59,351 BTC according to Galaxy Research
✦ A US House panel responsible for tax policy is preparing to introduce legislation concerning the taxation of cryptocurrencies as early as this Friday
✦ South Korea's KOSPI index fell 5% triggering a circuit breaker as major companies Samsung and SK Hynix saw their shares drop by 6.5% and 8%
✦ SpaceX will launch its initial public offering on Nasdaq on June 12 aiming to raise at least 75 billion USD with a valuation of 1.75 trillion USD
✦ The U.S. House of Representatives voted to halt military action against Iran and mandated the withdrawal of forces unless Congress formally declares war.
✦ Treasury Secretary Scott Bessent urged the Senate to pass the Clarity Act this summer to establish a regulatory framework for digital assets before the midterms.
✦ The U.S. Commodity Futures Trading Commission (CFTC) officially abolished its long-standing no-deny policy which allowed defendants to settle without admitting guilt.
✦ Vanguard S&P 500 ETF (VOO) surpassed $1 trillion in assets under management becoming the first ETF globally to reach this historic milestone.
✦ The Digital Asset Market Transparency Act known as the CLARITY Act has been officially added to the U.S. Senate legislative agenda for consideration.
✦ Trump proposes new Section 301 tariffs of at least 10% on imports from 60 nations to rebuild the tariff wall following a Supreme Court decision.
✦ The Digital Asset Market Transparency Act known as the CLARITY Act has been officially added to the U.S. Senate legislative agenda according to official records.
✦ The U.S. Securities and Exchange Commission SEC elevates digital assets to a strategic priority in its draft plan through 2030 to establish regulatory clarity for blockchain.
✦ The New York Department of Financial Services NYDFS and the European Banking Authority EBA agree to share supervisory information to manage the 314 billion USD stablecoin sector.
✦ Sui Foundation releases a detailed post-mortem report addressing three mainnet outages in late May caused by a gas-charging bug and a randomness-state fault.
✦ Global stablecoin market hits a new high of $322 billion as Tether and Circle dominate the supply amid banking sector concerns over deposit losses
✦ TD Cowen reports that the U.S. crypto market structure bill is unlikely to pass this year because it failed to demonstrate significant bipartisan support
✦ Russia proposes a ban on cryptocurrency mining in specific areas of Moscow and Kursk until 2032 to address energy consumption and environmental concerns
✦ Hong Kong banks have introduced a new requirement for investment account applicants to sign source-of-funds statements to align with local regulations
✦ China's Supreme People's Court is exploring new adjudication rules specifically for emerging cases involving virtual currency and cross-border finance
✦ South Korea has officially designated the development of a digital asset ecosystem as its 48th national objective with the Security Token Act slated for February 2027
✦ Digital asset investment products saw a net outflow of $1.47 billion in one week driven by risk-averse sentiment linked to rising geopolitical tensions
✦ Researchers from Google and security firms suggest that AI agent security should encompass the entire system rather than focusing solely on the model itself
✦ Google has become an unwitting gateway for crypto phishing through fake Uniswap ads that drained user wallets with total losses reaching approximately $1.27 million
✦ US consumer sentiment dropped to 44.8 in May marking the third consecutive monthly decline and approaching the record low observed in June 2022
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