【Data Intelligence】
In the last week, 2.0997 million NFT assets were added to the Ethereum network
According to NFTScan data, in the last week, 2.0997 million NFT assets were added to the Ethereum network, and an average of 299,900 NFT assets were minted every day.
BlockFi Fined Over $940,000 for Selling Unregistered Securities in Iowa
On June 14th, according to official sources, BlockFi was fined $943,396.22 for offering or selling unregistered securities in Iowa, USA.
【 Regulatory News 】
EU Finance Commissioner: Speed Up Adoption of Its Regulatory Framework for Crypto Assets
EU Financial Services Commissioner Mairead McGuinness, in her opening remarks at the Economic Commission's Structured Dialogue on Tuesday, encouraged EU lawmakers to seek a political compromise and expedite the adoption of its regulatory framework for crypto assets, which is currently in the final stages of the EU's legislative process. If the Market in Cryptoassets (MiCA) framework is in place and all cryptoasset service providers are regulated entities and subject to effective EU oversight, it could facilitate the imposition of sanctions against Russia that also apply to cryptocurrencies. McGuinness cited three recent events as reasons to hasten the legislation: the war in Ukraine, the collapse of cryptocurrency issuer Terra, and news that cryptocurrency lender Celsius has suspended withdrawals. McGuinness said the MiCA rules would be the right tool to address issues of consumer protection, market integrity and financial stability. Given recent developments, this is a matter of great urgency.
US SEC launches investigation into insider trading at crypto exchanges
The U.S. Securities and Exchange Commission(SEC) has begun investigating whether cryptocurrency exchanges have adequate protections against insider trading, the source said, citing a source with direct knowledge of the investigation. The U.S. Securities and Exchange Commission has sent a letter to a major cryptocurrency exchange asking about its protections against insider trading, sources said. The survey also aims to cover other exchanges. The letter was reportedly sent following the collapse of Terra’s UST stablecoin and related LUNA token last month. Additionally, the SEC is also investigating whether Terraform Labs, the company behind UST and LUNA, violated U.S. laws in its cryptocurrency marketing.
【Industry Trends】
Kering invests $1.5 billion in cryptocurrency fund Haun Ventures
According to news on June 15, Kering recently invested $1.5 billion in cryptocurrency fund Haun Ventures. It is reported that its brand Gucci has opened the use of encrypted currency payment in five stores in the United States, and Balenciaga also announced that it will accept encrypted currency on the e-commerce platform through the special payment service BitPay. Haun Ventures was established in March 2022 by Katie Haun, a former partner of a16z. Some analysts believe that Kering Group’s investment further demonstrates the luxury industry’s recognition of metaverse and cryptocurrencies.
Paris 2024 Olympics to use blockchain ticketing
The Paris 2024 Olympics will use blockchain ticketing, according to a tweet from WatcherGuru.
OpenSea has migrated to the new protocol Seaport, which is expected to reduce Gas costs by about 35%
The NFT market OpenSea said that it is transforming its backend and has switched from the Wyvern protocol to its self-developed Seaport protocol. It is expected that Gas costs can be reduced by about 35%. The new protocol is estimated to save users more than $460 million annually. As previously reported, OpenSea launched the Web3 market protocol Seaport.
WalletConnect Announces It's Building a Messaging Protocol for Web3
The encrypted wallet WalletConnect announced that it is building a messaging protocol for Web3. The first step is to connect all the different wallets and applications in the web3 ecosystem. The next step is to enable users of these wallets to chat with each other using different wallets on different chains.
Merit Circle community votes to end relationship with YGG and buy back all tokens for $1.75 million
According to news on April 15, the Merit Circle community of the chain game association voted to terminate its relationship with Yield Guild Games, and bought out the investment share of the US$175,000 seed round invested by the agency at a price of US$1.75 million. Previously, the Merit Circle community claimed that Yield Guild Games had failed to provide value to the DAO since becoming a seed investor, and planned to cancel YGG’s SAFT (Simple Future Token Agreement), return its initial investment funds, and remove its MC seed token.
【Elite Viewpoint】
SEC Chairman: Cryptocurrency Legislation Could Disrupt Broad Capital Markets Regulation
Gensler, chairman of the US Securities and Exchange Commission (SEC), believes that cryptocurrency legislation may undermine market regulation. “Congressional efforts to create legislation for the cryptocurrency industry could undermine regulations governing broader capital markets,” Gensler said.
Maker Protocol: stETH collateral accounts for about 3% of all DAI collateral, worth about $260 million
On June 14th, the Maker agreement released the data details of the stETH held by the agreement. 1.stETH collateral accounts for about 3% of all DAI collateral, worth about 260 million US dollars; 2.WSTETH-A treasury locks 204,661.12WSTETH, worth 243.2 million US dollars, 82.9 million DAI total debt, 293.42% of the overall collateral; 3. 9,014.31WSTETH locked in the WSTETH-B treasury, worth 10.7 million US dollars, 2.5 million DAI total debt, 424.42% of the overall collateral. Maker said that for the WSTETH-A treasury, if stETH falls to $892, stETH worth $33.3 million will be liquidated; if stETH falls to $582, stETH worth $74.6 million will be liquidated. For the WSTETH-B treasury, if stETH falls to $903, stETH worth $645,000 will be liquidated; if stETH falls to $594, stETH worth $2 million will be liquidated.
【What to watch today】
Sources: Encrypted lending platform Celsius has hired restructuring lawyers
On June 15th, according to the Wall Street Journal citing sources, the encrypted lending platform Celsius has hired restructuring lawyers from the law firm Akin Gump Straus Hauer & Feld to provide possible solutions to its financial problems. Celsius is first seeking possible financing options from investors but is also exploring other strategic options, including financial restructuring, the people said. Earlier news, Celsius suspended account withdrawals, transactions and transfers last week due to violent market volatility.
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All the latest information
Ripple's legal challenges intensify as courts critique the SEC, exposing inconsistencies and uncertainties, with speculation about closed-door SEC meetings adding to the complexity.
Hui XinIn 2023, $397 billion shifted from US bank deposits to higher-yielding money market funds, posing potential tax implications for investors.
YouQuanEstonia's Circuit Court recently reversed the extradition decision involving Ivan Turogin and Sergei Potapenko, accused in a significant cryptocurrency fraud and money laundering case heading to the United States. The Tallinn Circuit Court annulled the extradition ruling, citing the Estonian government's failure to investigate key circumstances and overlook the US detention facility's condition.
JoyThere are currently around 21 victims and counting
AlexA recent study by CoinGecko has shed light on the harsh reality facing Web3 games, revealing that a substantial 70% of games launched in 2023 have faced failure.
AaronThe recent decision by Sony to remove TV shows from the PlayStation Store has sparked discussions about the nature of ownership in the digital era. Unlike physical media, digital content faces uncertainties due to licensing agreements and availability constraints. Users investing in digital libraries are now confronted with the sudden disappearance of purchased content, raising pertinent questions about ownership rights.
Joya French court has cleared the individuals responsible for the $8.5 million hack of Platypus Finance in February 2023. The court acquitted Mohammed M., 22, who orchestrated the sophisticated flash loan attack on the Automated Market Maker (AMM) protocol based on the Avalanche network
AaronThe EMI license empowers Crypto.com to introduce a range of UK-centric e-money offerings within the FCA's framework.
BrianSpanish founder, Cao de Benos, faces extradition for his alleged involvement in a crypto scheme aiding North Korea.
Hui XinAlejandro Cao de Benos, a flamboyant Spanish aristocrat and founder of the pro-North Korea group Korea Friendship Association (KFA), was arrested in Madrid last week on U.S. charges related to cryptocurrency technology. Despite his release a day later, the saga highlights the complex web of international sanctions, political agendas, and alleged illicit activities surrounding North Korea.
Joy