Tron will seek listing in the United States Trump Organization launches Trump phone

Headlines

▌Financial Times: Sun Yuchen's blockchain Tron will seek listing in the United States

According to the Financial Times, Sun Yuchen's blockchain Tron will seek listing in the United States after US regulators suspended their investigation. According to two people familiar with the matter, Tron will go public through a reverse merger with Nasdaq-listed SRM Entertainment. The transaction was planned by Dominari Securities, a boutique investment bank based in New York with ties to Donald Trump Jr. and Eric Trump. One person familiar with the matter said that the newly formed joint venture will buy and hold TRX, following the strategy of Strategy (formerly MicroStrategy). Eric Trump is expected to take a position in the company, called Tron Inc, the person added. The deal will involve Tron injecting up to $210 million in token assets into the new company.

▌Trump Group: Launches Trump Phone, which will use "Made in the USA" phones and services

The Trump Group announced the launch of the Trump Phone, which will use "Made in the USA" phones and services. The group said that a variety of products and services will be launched in the Trump phone, including unlimited text messaging services, roadside assistance services, etc.

Market Conditions

As of press time, according to CoinGecko data:

BTC price is $107,306, up 1.6% in 24 hours;

ETH price is $2,572.56, up 0.8% in 24 hours;

BNB price is $652.62, up 0.7% in 24 hours;

SOL price is 152.21 US dollars, 24 hours up and down -0.4%;

DOGE price is 0.1747 US dollars, 24 hours up and down -0.7%;

XRP price is 2.27 US dollars, 24 hours up and down +4.7%.

TRX price is 0.276 US dollars, 24 hours up and down +0.8%.

Policy

▌Trump intends to offer Iran a "last chance" plan and insist on the zero uranium enrichment red line

According to the Jerusalem Post, US and European officials revealed on Monday that US President Trump is expected to offer Iran a "last chance" plan. An official added that the new plan may be slightly improved over the version submitted to Iran ten days ago. But it is expected that even if a new plan is proposed, it will still be based on the US "zero uranium enrichment" principle. Media reports on Sunday said that Iran has sought mediation with the Trump administration through Oman and Qatar to try to prevent Israel's attacks and resume nuclear negotiations. Saudi Arabia is also pushing for a ceasefire behind the scenes through another channel. Trump confirmed earlier on Monday that Iran had contacted the United States to stop the Israeli air strikes. "Iran does not look like it is winning this war, and they must negotiate as soon as possible," Trump said in Canada.

▌Revised version of US Senate Republican tax cut bill: debt ceiling to be raised by $5 trillion

US Senate Republicans on Tuesday unveiled revised tax and health care provisions from Trump's multi-trillion dollar economic plan. The new version of the bill will raise the debt ceiling by $5 trillion while expanding some tax breaks, an increase from the $4 trillion in the version passed by the House of Representatives. This version basically follows the framework of the House bill as Senate Republican leaders try to avoid lengthy negotiations on the substance of the bill - if the Treasury Department fails to continue to take extraordinary debt limit measures in mid-August, the United States may face the risk of debt default. Conspicuously missing from the draft is an agreement on state and local tax (SALT) relief. The bill temporarily retains the current $10,000 SALT deduction cap as a transitional provision as lawmakers continue to negotiate this politically important tax cut policy. The legislation largely continues Trump's 2017 tax cuts for households and small businesses, which are due to expire at the end of 2025. The bill also includes a series of new tax cuts, including the elimination of taxes on tips and overtime pay, which the president promised during his campaign.

▌US and UK reach tariff-cutting trade deal, key industries benefit, but steel tariffs remain unrestricted

British Prime Minister Starmer and US President Trump signed documents at the Group of Seven summit in Canada, agreeing to promote trade facilitation measures for automobiles, agricultural products and aerospace products. The agreement will implement the trade terms disclosed last month - reducing US tariffs on key British exports while increasing UK import quotas on US agricultural products. However, steel tariffs, which are the core demands of the UK, have not yet been immediately reduced. Trump told reporters: "The negotiations are over and we have a trade deal." Starmer said: "This important agreement on automobile tariffs and aerospace is a milestone." The two sides did not disclose more details and when the new tariffs will take effect. This is the first formal trade agreement reached since Trump announced the imposition of tariffs on many countries.

▌Japanese Prime Minister Shigeru Ishiba and US President Trump did not reach an agreement on tariffs

According to Fuji TV: Japanese Prime Minister Shigeru Ishiba and US President Trump did not reach an agreement on tariffs, and both sides confirmed that they would continue tariff negotiations.

Blockchain Application

▌JP Morgan Chase applies for cryptocurrency trademark "JPMD" for trading and payment services

JP Morgan Chase has applied for the cryptocurrency trademark "JPMD" for trading and payment services. The company recently began to adjust its attitude towards cryptocurrencies, providing its customers with a way to buy Bitcoin. Currently, JPMorgan Chase is seeking to obtain the trademark to establish its own cryptocurrency trading service. JPMD is rumored to be a new US dollar-backed stablecoin currently under development.

▌Former TON Foundation executives launch cryptocurrency investment app on Telegram

Former TON Foundation executives are launching Affluent, a cryptocurrency investment app featuring yield and lending, on Telegram. Affluent is a money market protocol based on Telegram's link to TON, which announced its full launch on Monday. Affluent was co-founded by former TON Foundation director Justin Hyun and aims to introduce trustless crypto asset management to Telegram, allowing users to benefit from decentralized finance (DeFi) lending and yield without the associated complexity.

▌GF Securities (Hong Kong) to launch GF Token, a currency fund-like token

According to community circulation materials, GF Securities (Hong Kong) plans to launch a currency fund-like token product called GF Token. The product is denominated in US dollars, with a minimum subscription of US$100,000. The daily yield is linked to the interbank market benchmark interest rate (SOFR) (annualized interest rate of 4.3% based on SOFR on June 12, 2025, assuming no interest rate changes during the holding period), supports daily subscription and redemption and achieves T+0 arrival. GF Token is issued and registered on the HashKey Chain blockchain, or only for qualified institutional investors.

Cryptocurrency

▌Strategy acquired 10,100 BTC for approximately $1.05 billion last week

Strategy acquired 10,100 BTC for approximately $1.05 billion between June 9 and June 15, at a price of approximately $104,080 per Bitcoin, and has achieved a 19.1% BTC return so far in 2025. As of June 15, 2025, Strategy holds 592,100 BTC, acquired for approximately $41.84 billion, at a price of approximately $70,666 per Bitcoin.

▌Metaplanet's Bitcoin holdings valued at over $1 billion

Metaplanet CEO Simon Gerovich said on the X platform that after increasing holdings by 1,112 BTC, the latest data from Mempool showed that Metaplanet's Bitcoin holdings valued at over $1 billion, currently at $1,075,820,474.

▌Davis Commodities launches $30 million strategic growth plan, 40% invested in Bitcoin reserves

Nasdaq-listed Davis Commodities launched a $30 million strategic growth plan. The company plans to allocate 40% ($12 million) to Bitcoin reserves in stages, with approximately 15% of the funds ($4.5 million) invested in Bitcoin reserves in the first phase. In addition, 50% of the funds ($15 million) will be invested in Pioneer's RWA tokenization project, and the remaining 10% of the funds ($3 million) will be used to build advanced technology infrastructure, implement strong security measures, and establish strategic partnerships.

▌The U.S. SEC confirms receipt of the filing documents for the Truth Social spot Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) has confirmed receipt of the filing documents for the Truth Social spot Bitcoin ETF.

▌Coinshares submits the S-1 form for the spot Solana ETF

According to Eric Balchunas, senior ETF analyst at Bloomberg, who posted on the X platform, CoinShares has submitted the S-1 form for the spot Solana ETF to the U.S. Securities and Exchange Commission (SEC) this morning. He said that CoinShares should be the eighth institution to submit the Solana ETF.

▌Purpose XRP ETF approved for listing on Toronto Stock Exchange on June 18

Purpose Investments Inc.'s Purpose XRP ETF has received approval from the Ontario Securities Commission (OSC) for the receipt of the Purpose XRP ETF prospectus, and the ETF is expected to begin trading on the Toronto Stock Exchange on June 18 under the ticker XRPP. The ETF provides direct exposure to spot XRP.

▌CoinShares: Digital asset investment products saw a net inflow of $1.9 billion last week

CoinShares released its latest weekly report showing that digital asset investment products had an inflow of $1.9 billion last week, the ninth consecutive week of inflows, and a total of $13.2 billion so far this year, a record high. After two weeks of small outflows, Bitcoin rebounded strongly, with inflows of $1.3 billion. Short-term Bitcoin products also recorded a small inflow of $3.7 million, but total assets under management (AuM) remained at a low of $96 million. Ethereum received $583 million in inflows last week, the highest level since February and the strongest single-day inflow in the same period. The latest round of inflows brings Ethereum's cumulative inflows to $2 billion, accounting for 14% of its assets under management (AuM). After three consecutive weeks of outflows, XRP inflows of $11.8 million, while Sui inflows of another $3.5 million.

▌Circle rose nearly 21%, continuing to hit a record high

The first stablecoin stock Circle's US stock gains have expanded, and now it has risen nearly 21%, continuing to hit a record high. It has accumulated more than 420% since its listing. Circle's stock price has exceeded $160, and its total market value has exceeded $35 billion.

Important Economic Dynamics

▌The US dollar index fell 0.19% on the 16th

The US dollar index fell 0.19% on the 16th and closed at 97.998 at the end of the foreign exchange market.

▌The probability of the Federal Reserve keeping interest rates unchanged this week is 99.8%

According to CME's "Federal Reserve Watch": The probability of the Federal Reserve keeping interest rates unchanged in June is 99.8%, and the probability of a 25 basis point rate cut is 0.2%. The probability of the Federal Reserve keeping interest rates unchanged in July is 87.5%, the probability of a cumulative 25 basis point rate cut is 12.5%, and the probability of a cumulative 50 basis point rate cut is 0%.

Golden Encyclopedia

▌How does the 10-year Treasury yield affect crypto?

Cryptocurrency yields and stablecoins are part of the broader financial world, and the 10-year Treasury yield affects investor behavior, which in turn affects the cryptocurrency market. The US dollar is the world's reserve currency, and US bonds are a global safe haven. Changes in the 10-year US Treasury yield can cause shocks around the world. For cryptocurrency investors, this global impact sets the backdrop. Rising 10-year Treasury yields may portend a tougher market environment for cryptocurrency prices and yields, especially amid global market turmoil. Conversely, low yields tend to stimulate risk appetite, boosting speculative assets such as cryptocurrencies.