SEC new regulatory rollout milestone ends the debate over whether token securities are covered: a Galaxy research report analyzes the SEC’s new dedicated crypto regulatory framework. This is the first U.S. set of token-specific regulatory rules and no longer applies traditional stock-regulation logic. The new rules establish a four-stage lifecycle supervision system. They allow high-quality projects to raise funds from the general public in a compliant manner, while also setting up a safe-harbor mechanism: once a project matures and finishes building its ecosystem, its status as a security can be automatically removed. In the near term, the rules mainly address the ambiguity in classifying existing tokens’ regulatory status; in the long run, they are expected to pave the way for a compliant ICO 2.0 and clear institutional barriers for the U.S. crypto market.
Coinbase launches a new feature to support fast trading of newly issued tokens: Coinbase has added a “Launches” tab. Users can quickly discover and trade newly issued tokens on the Base and Solana chains right after launch, further positioning the platform to capture on-chain trading traffic for new assets.
Address poisoning and theft appear on-chain, with institutional losses of $2 million: Bofur Capital suffered a typical address poisoning attack. Hackers used small “dust” transactions to forge similar wallet addresses, causing users to make a transfer mistake after copying and pasting. In the end, around $2 million in assets was stolen. All funds have been converted to DAI. Users are reminded to stay alert to scams involving lookalike on-chain addresses.
Large cryptocurrency donations to charity take off: An anonymous user, via a crypto charity platform, donated more than $80 million USDT to 19 public-interest organizations for areas including humanitarian aid, medical care, and poverty alleviation. The use of crypto assets in charitable giving continues to gain traction.
Tokenized stock trading volume surpasses $1 billion: On Robinhood’s chain, Uniswap’s tokenized stock trading volume has exceeded $1 billion, rapidly expanding the scale of on-chain transactions of traditional financial assets.
BTC continues to rebound, and crypto stocks surge across the board: Bitcoin maintains its upward trend as market liquidity expectations recover, lifting major crypto-related listed companies significantly. Mining firms and BTC treasury companies lead the gains; Canaan Technology jumps more than 25%, while Strive, Metaplanet, MARA and others rise by more than 16%. Coinbase and Robinhood also climb by double digits, as positive crypto momentum feeds into the secondary market.
Anthropic’s IPO could be the biggest in history, valued at up to $200 billion: Anthropic is pushing for a super IPO, planning to raise more than $100 billion, with a target valuation of $2 trillion—potentially surpassing SpaceX’s record as the world’s largest IPO. At the same time, in its prospectus, the company lists public negative sentiment toward AI and industry competitive pressure as risk factors.
Trump openly backs AI data center construction: Trump said he supports rolling out AI data centers across the U.S., saying large AI factories can create massive jobs and tax revenues and benefit local economies. At the same time, he admitted that the AI industry faces public opinion bias and needs stronger PR guidance.
AI cloud companies kick off a large IPO: AI cloud vendor Nscale launches a U.S. IPO plan to raise up to $3 billion, further heating up the wave of AI companies going public.
JPMorgan warns of a fall correction in the autumn, with AI bubble risks intensifying: Institutions point out that the current AI hype closely mirrors the tech bubble of 2000, and market trading is extremely crowded. Combined with rising U.S. Treasury yields, weak consumer demand, and geopolitical tensions, U.S. equities and the technology sector are likely to see a deep pullback in the coming summer and autumn.
Trump responds to the $40 trillion U.S. debt issue: Regarding U.S. debt surpassing $40 trillion, Trump said he would not resolve it by intervening in the market, but by using economic growth to tackle the debt. He also denied having instructed the Treasury Secretary to intervene in the bond market.
Gold volatility risk rises sharply: Goldman Sachs data shows demand for bullish gold options has surged dramatically, and bidirectional volatility in the gold price has intensified. Long-term bullish expectations remain unchanged, but short-term oscillation risk has increased significantly.
The U.S. mortgage market shows signs of turmoil: Several executives at key mortgage-backed institution Freddie Mac have resigned in a concentrated manner, with internal personnel upheaval that may affect stability in the U.S. mortgage market and increase uncertainty in the housing market.
Signs of easing in the U.S.-Iran situation: Trump said imposing an economic war on Iran does not mean abandoning military options, and that negotiations are not imminent. Meanwhile, Iran and Oman’s foreign ministers held a call and plan to restart talks related to the Strait of Hormuz, with regional tensions cooling at the margin.
Disclaimer: The information described in this article is for reference only and does not constitute any investment advice. Investors should approach cryptocurrency investments rationally based on their own risk tolerance and investment objectives, and should not blindly follow the crowd.