Upbit NFT adds new trading support for payment and deposit and withdrawal functions
South Korean exchange Upbit announced that its NFT platform will add trading support for payments and deposits/withdrawals, and will gradually open after 16:00 on June 18, 2025 (UTC+8).
OKX Wallet launches the Address Radar feature to help users automatically find multi-token profit addresses
According to official sources, OKX Wallet has now launched the Address Radar feature. When users enter multiple different tokens CA, this feature can help users automatically find addresses that have made large profits in multiple tokens, improving users' efficiency in finding smart money on the chain. This feature currently supports the Solana and BNB Chain networks, and users can click the link to experience it: https://web3.okx.com/zh-hans/address-radar
Stablecoin cross-border payment infrastructure SaturnX completes $3 million seed round of financing
SaturnX, a stablecoin cross-border payment infrastructure based in the UAE, announced the completion of a $3 million seed round of financing. White Star Capital led the investment, with a group of strategic investment institutions participating. The new funds are intended to support the construction of a regulatory-compliant payment network using stablecoin liquidity and smart forex routing, and to expand the cross-border payment market in Southeast Asia and Africa.
Whales bet on the Fed not to raise interest rates on Polymarket, investing $2.39 million. If the prediction is correct, the profit will exceed $2.44 million
According to Onchain Lens monitoring, the Federal Reserve will announce the June interest rate decision in 13 hours. A whale named "bobe2" on-chain has bet on the option of "No Change" in interest rates on Polymarket, with a total investment exceeding $2.39 million. If the prediction is correct, "bobe2" will receive a return of over $2.447 million.
Pan Gongsheng: New technologies such as blockchain and distributed ledgers will promote the vigorous development of central bank digital currency and stablecoin
Pan Gongsheng, the governor of the central bank, stated at the 2025 Lujiazui Forum that new technologies are accelerating in the field of cross-border payments. New technologies such as blockchain and distributed ledger are driving the vigorous development of central bank digital currency stablecoins, reshaping the traditional payment system from the bottom up, greatly shortening the chain of cross-border payments, and also posing huge challenges to financial regulation. Technologies such as smart contracts and decentralized finance will also continue to drive the evolution and development of the cross-border payment system.
ZachXBT: Crypto industry’s ‘crime supercycle’ is intensifying
ZachXBT, a cryptocurrency security researcher, issued a warning today that the "crime super cycle" in the cryptocurrency industry is intensifying. The researcher pointed out that there has been a significant increase in industry abuses since politicians introduced meme coins and several legal cases were dismissed. Money laundering groups have successfully processed proceeds from hacker attacks on platforms such as Bybit, DMM Bitcoin, and WazirX, with the black market size on Tron estimated to be as high as 50-100 billion US dollars, and most of the funds come from unknown sources. What is even more worrying is that many protocol teams turn a blind eye to activities involving more than 50% of stolen funds, only charging fees; at the same time, influential individuals and KOLs engage in deception without consequences. ZachXBT warned that although the current environment may bring short-term benefits, the long-term impact is concerning.
Binance Alpha has launched TAG and Janitor
according to the official page, Binance Alpha has launched TAG and Janitor.
A trader has lost $2.387 million in the past 50 days by swing trading WBTC
according to Lookonchain monitoring, trader 0x5966 has made 4 swing trades on WBTC in the past 50 days, with 3 ending in losses, totaling $2.387 million. If he had bought 54 WBTC at a price of $96,152 on May 1 ($5.18 million) and held on, he would now be making a profit of $483,000.
Central Bank: Establishing a digital RMB international operation center to carry out a pilot project for comprehensive reform of offshore trade financial services in the Lingang New Area of Shan
at the 2025 Lujiazui Forum, Pan Gongsheng, the governor of the People's Bank of China, announced the establishment of the Digital RMB International Operations Center. Promote the international operation of digital RMB and the development of financial market business, and serve digital financial innovation. Establish a personal credit reporting agency. Provide financial institutions with diversified and differentiated personal credit products to further improve the social credit system. Carry out comprehensive reform pilot projects for offshore trade finance services in the Lingang New Area of Shanghai. Innovate business rules to support Shanghai in developing offshore trade. Develop free trade offshore bonds. Follow the principle of "two ends outside" and international rules and standards, and broaden the financing channels for enterprises going global and high-quality enterprises in countries and regions participating in the Belt and Road Initiative.
WLFI: Sahara exclusively uses USD1 in the IDO stablecoin of the BuildPad platform, contributing $59 million to create a historical milestone
WLFI official social media post stated that Sahara exclusively adopted USD1 stablecoin on the BuidlPad platform for IDO, contributing as much as 59 million US dollars, successfully achieving an important milestone. The total amount raised in this IDO reached 74.5 million US dollars, all completed with USD1 and BNB assets.
Former Fed Vice Chairman: The work of fighting inflation is not over yet
former Federal Reserve Vice Chairman Richard Clarida warned that the battle against inflation is not over. Since January, inflation data has indeed been better than expected, but the combined effects of inventory forward movement and additional tariffs have not yet fully materialized. Richard Clarida pointed out that the actual tariff rate faced by American consumers in June has reached 15.6%, the highest since 1937, which may cause inflation to rise to the 3% range in the short term. The Fed's previous set of forecasts was released at a meeting in March this year, when the "liberation day" tariffs had not yet shocked the market and global trading partners.
The Hong Kong Securities and Futures Commission approved BGE's application for a virtual asset trading platform license on June 17
according to the updated data on the official website of the Securities and Futures Commission of Hong Kong, BGE's application for a virtual asset trading platform license submitted to the Securities and Futures Commission of Hong Kong was approved on June 17th, becoming the eleventh institution in Hong Kong to obtain a virtual asset trading platform license.
Defx Completes $2.5 Million Seed Round Financing, with Pantera Capital and Others Participating
Layer 1 blockchain project Defx has completed a $2.5 million seed round of financing, with participation from Pantera Capital, CMT Digital, gumi Cryptos Capital (gCC), Baboon VC, CoinShares Ventures, Robot Ventures, and Polygon co-founder Sandeep Nailwal. The new funds are intended to support the construction of a decentralized exchange optimized for perpetual contract trading.
Russian authorities have seized an illegal mine covering 30,000 square meters, generating nearly $60,000 in monthly revenue
according to CryptoNews, the prosecutor's office in the Krasnoyarsk Territory of Russia announced the discovery of an illegal open-air crypto mining farm of 30,000 square meters in the state-owned industrial area in Nazarovo. The facility has a monthly output value of about 4.6 million rubles (approximately $58,700), using a large number of transformers, generators, and mining machines, and illegally connecting to the municipal power grid. The company had previously ignored warnings from the prosecutor's office, and the court eventually ordered a complete shutdown of its operations.
Ark Invest sells another $44.8 million of Circle stock
Cathie Wood's Ark Invest sold $51.7 million worth of shares of Circle Internet Group Inc. (CRCL) on the previous day, and then sold $44.76 million worth of the same stock the next day. As the stablecoin issuer, Circle's stock price remains above the recent IPO price. According to the latest filings, Ark Invest's three exchange-traded funds (ETFs) sold the relevant shares on Tuesday. Among them, ARK Innovation ETF (ARKK) reduced its holdings by 208,654 shares of Circle stock, ARK Next Generation Internet ETF (ARKW) sold 65,320 shares, and ARK Fintech Innovation ETF (ARKF) also reduced its holdings by 26,134 shares of the stablecoin issuer's stock. According to Yahoo Finance data, CRCL closed down 1.26% on Tuesday at $149.15, but rose 2.84% in after-hours trading. Its stock price remains significantly higher than the $31 IPO price.
A whale liquidated 2,487 ETH and lost another $554,000
according to on-chain analyst Ai Yi (@ai_9684xtpa), a whale who has been buying low and selling high since May made a profit of $1.132 million USD. The whale liquidated 2487 ETH (approximately $6.09 million USD) 9 hours ago, resulting in a loss of $554,000 USD.
Analyst: Bitcoin long-term holders' selling behavior is approaching a low point, further increasing the possibility of continued rise
CryptoQuant analyst Axel Adler Jr stated, "If we observe the entire group of long-term holders, their current selling activities are close to the lowest level. In essence, the selling activities of long-term holders have reached the current lowest point, which coincides with the classic accumulation phase. In the previous four similar cases, three of these long-term holder behaviors led to a 18% to 25% increase in Bitcoin price in the following 6 to 8 weeks.
Ai16z founder accuses X platform of extortion for high fees
Shaw, the founder of Ai16z, recently wrote that X platform accused him of violating the terms of service, claiming that he sold data and bypassed API keys. The platform said that if he pays a monthly enterprise license fee of $50,000, they will no longer pursue the matter. The founder denies these accusations, stating that X platform incorrectly used his open source code as the reason for the ban and calling it "blatant extortion." Currently, he only pays a monthly certification fee of $1,000 and a developer license fee of $200, and is considering taking legal action.
Arthur Hayes: The U.S. Treasury is the key institution driving the future of Bitcoin, not the Federal Reserve
according to CoinDesk, BitMEX co-founder Arthur Hayes stated that the US Department of the Treasury, not the Federal Reserve, is the key institution driving global liquidity and the future of Bitcoin. Federal Reserve Chairman Powell is just a supporting role, the real protagonist is the Department of the Treasury.
Xu Zhengyu: The size of Hong Kong's commodity market and virtual asset market currently accounts for nearly 25% of the local GDP
Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, said in an interview with Hong Kong Radio's "Three Years in Office" series that the SAR government is promoting continuous innovation and breakthroughs in the commodity market and virtual asset market, with the goal of serving the long-term and stable development of the real economy. Currently accounting for nearly 25% of the local GDP, Hong Kong needs to attract industries to settle based on finance, hoping to attract key enterprises to set up offices and officials to visit Hong Kong, promoting industries to establish a presence in the city.