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The European Central Bank (ECB) previously stated that stablecoins (Stablecoin) may trigger a bank run crisis. In response, the European Commission (European Commission) emphasized in a report released on June 25 that the risks of stablecoins are still within manageable limits under the regulation of the Markets in Crypto-Assets Act (MiCA).
The European Central Bank warns that the issuance of cross-border stablecoins may undermine regulation.
On April 10, the European Central Bank published a document expressing significant concerns regarding the model of co-issuing stablecoins with third countries in the EU (Multi-issuance), while also assessing the impact of this model on the financial stability of the EU, regulatory sovereignty, and MiCA. Here are several risks identified by the European Central Bank:
Weaken the financial stability of the EU: If issuers within the EU have insufficient reserves, it may trigger a large-scale bank run.
Bypassing EU regulations: Third-country issuers may

The American online gaming company SharpLink announced at the end of May its strategic reserve in Ether (ETH) and purchased ETH through a private sale of $425 million. Ethereum co-founder Joe Lubin stated in an interview this morning on 6/27 that he plans to introduce some leverage operations for SharpLink, such as the issuance of convertible bonds. He emphasized that the leverage strategy will be carried out prudently and will not be too aggressive.
Sharplink raised $425 million after its transformation, with the stock price soaring and then plummeting.
Originally a sports betting and online gaming company, SharpLink Gaming announced at the end of May its transformation into an Ether (ETH) reserve enterprise, raising $425 million through a private sale to purchase ETH. Its stock price surged from $27.23 to $124.12 at one point.

Recently, the DeFi protocol Resupply Finance has encountered a protocol vulnerability. It is noteworthy that this protocol has a close relationship with the well-known DeFi protocols Convex and Yearn Finance, and is generally recognized as a subDAO of these two DeFi protocols (, under the main DAO ). However, the founder of Curve has publicly stated that this protocol is unrelated to Curve. Yet, Yishi, the founder of Onekey and a victim in this case, questions whether the entire incident was premeditated, suggesting it might be a case of insider theft.
The attacker manipulated the oracle pricing, and the funds have entered the mixer.
Resupply Finance is a Decentralized Finance stablecoin protocol that utilizes the liquidity and stability of the lending market to provide yields. It is backed by Convex and Yearn Finance.

attestation (PoS) and stake mechanism (staking) have been regarded as Blockchain operating mechanisms for the economic integration and sustainability of networks in recent years, which not only enhance network security but also create stable income for participants. However, in the view of Dragonfly partner Haseeb Qureshi, those 8% risk-free returns are merely an illusion to avoid asset dilution, rather than true rewards.
We asked @hosseeb of @dragonfly\_xyz if he thinks the top of attestation is in.
"We’re probably going downhill from here."
Staking mania was

From political elections, economic trends to alien issues, the prediction market is rapidly emerging as a new hotspot in the encryption field. The US compliance platform Kalshi and the decentralization representative Polymarket have recently completed financing of $185 million and $200 million respectively, successfully attracting the attention of well-known institutions such as Paradigm, Founders Fund, and Sequoia Capital.
Prediction market heat is rising: Kalshi C round financing valuation reaches 2 billion USD.
The prediction market platform Kalshi announced yesterday that it has completed a $185 million financing round, with a valuation of up to $2 billion, led by the well-known encryption venture capital firm Paradigm, with participation from Sequoia Capital (, Multicoin Capital, and other renowned institutions.
I’m

A brand new meme-inspired Crypto Asset is rapidly gaining market attention, with potential returns promised to surpass the gains previously made by PEPE and DOGE investors. Speculation about its astonishing 6,500% pump has stirred excitement among investors. This new Token may just be the next dark horse. What exactly makes it stand out, and why has it sparked such heated discussion?
As the market capitalization approaches the $15 million milestone, demand for $XYZ surges.
The XYZVerse ($XYZ) project, which integrates sports with the crypto world, has attracted significant interest from investors. Unlike typical meme coins, XYZVerse is positioned as a long-term plan with a clear roadmap and an active community. The project was recently rated as the "Best New Meme Project", further enhancing its appeal.
Price Dynamics and Listing Plans
During the presale stage, the $XYZ Token price is steadily rising.

The National University of Defense Technology of China has recently developed a micro flying robot that is smaller than a fingertip and resembles a mosquito, equipped with high stealth and surveillance capabilities, and has been publicly unveiled on local military channels. Although the developers emphasize that its design purpose is for reconnaissance missions, it has raised serious global concerns about its potential use in espionage activities, biological attacks, and lethal operations.
Like mosquitoes but not mosquitoes: China exposes micro spy Bots
The Indian Economic Times reported that the Chinese military channel CCTV-7 recently aired a segment that drew attention, featuring a graduate student from the China National Defense University (NUDT) holding a "mosquito-type flying Bots" and stated that it is specifically designed for "information reconnaissance and special battlefield missions."
The program showcased several flying devices that resemble insects, with a body length of mostly only 0.6 cm, featuring a slender black body and leaf-shaped yellow wings with three to four thin legs, and also incorporates highly precise components.

AI arms dealer Palantir (PLTR) stated that as competition with China intensifies, the United States will need more nuclear power. They invested 100 million dollars in a nuclear energy startup.
(Why does Palantir expect revenue to exceed 3.7 billion dollars in 2025? From CIA black technology to the rise of a global AI arms dealer)
Palantir: Enhancing Nuclear Power Construction Efficiency and Safety with AI
Palantir announced on Thursday that it has signed an agreement with a startup focused on project development, Nuclear Company. Palantir and Nuclear Company will collaborate to develop a "Nuclear Operating System (NOS)" to enhance the efficiency and safety of nuclear power construction using AI. Nuclear Company will provide funding to Palan over the next five years.

Osaka is set to host the 2025 World Expo, attracting many Chinese immigrants to invest, but fraud cases have also emerged. A well-known YouTuber has revealed incidents of Chinese investors being scammed, involving a multinational land fraud and a "ground master" group that swindled 1.45 billion yen. Victims face difficulties in seeking help due to language and legal issues, and the methods of fraud are ever-evolving, reminding investors to remain vigilant.

As the U.S. Securities and Exchange Commission (SEC) is actively re-evaluating the structure and regulations of crypto ETFs, ETF issuer Bitwise submitted an application to the SEC on 6/27 for its DOGE (DOGE) and APT crypto ETFs, including a new physical redemption mechanism.
Why physical redemption is important, the SEC is actively reviewing.
Physical redemption mechanism (In-kind redemption mechanism) is that investors can redeem and settle crypto ETFs directly into cryptocurrencies instead of cash. For investors, it can not only achieve tax saving effect, but also reduce the operating costs of institutions to funds. As early as February this year, the SEC publicly solicited market opinions on spot ETFs of Bitcoin (BTC) and Ether (ETH)

U.S. Secretary of Commerce Howard Lutnick ( stated in an interview this morning on 6/27 that after multiple rounds of negotiations between the U.S. and China, both sides have officially signed a trade agreement, focusing on China's commitment to export rare earth minerals, while the U.S. will gradually lift trade countermeasures against China as a reciprocal condition. At the same time, the White House also expects to complete a new round of agreements with another 10 major trading partners within two weeks.
China's rare earth exports are crucial, and the U.S. retaliates against trade.
Lutnick stated that the most critical content of the agreement between the two parties is China's commitment to export rare earths to the United States. He claimed:
"Once China actually starts exporting rare earths to the United States, the U.S. will remove its countermeasures against trade with China."
The United States' trade countermeasures include export controls on plastic raw materials such as ethane, chip software, and jet engines. Although the U.S. has recently eased restrictions on ethane exports, special approval is still required.

As capital flows into the Taiwan stock market and the US dollar generally weakens, the New Taiwan Dollar has risen to its highest level in three years, astonishingly reaching 28.999 before the deadline, officially breaking through the psychological barrier of 29. TSMC's overseas capital increase of 10 billion dollars for hedging is also well-prepared to respond to this wave of exchange rate battles due to the appreciation of the New Taiwan Dollar!
( Simply having New Taiwan Dollar is a complete victory! Volatile asset ETH has completely lost to New Taiwan Dollar this year, and the earnings from Bitcoin in USD have all been lost back ).
The New Taiwan Dollar has risen 12% this year, and TSMC has raised 10 billion dollars overseas for hedging.
Last month, the New Taiwan Dollar recorded its largest single-day increase since the 1980s, rising over 12% against the US Dollar this year. This almost unprecedented surge poses risks to Taiwan's export-reliant economy and puts pressure on the life insurance industry, which holds a substantial amount of US Dollar assets.
The severe fluctuations in the Exchange Rate have even affected Taiwan's largest company—TSMC.

In the blink of an eye, 2025 has already entered the second half, and the global financial market continues to experience fluctuations. However, the most unexpected performer is the "New Taiwan Dollar." According to exchange rate and coin price statistics, the New Taiwan Dollar appreciated over 10% against the US Dollar in the first half of the year, with a rise even exceeding the 6.6% of Ether (ETH), making it the dark horse in this wave of market turmoil.
The New Taiwan Dollar has strengthened significantly, with a six-month increase of up to 11%.
According to the historical data from the Central Bank of Taiwan, the exchange rate of the New Taiwan Dollar (TWD) to the US Dollar (USD) at the beginning of 2025 is about 1 TWD = 0.0305 USD, at that time 1 USD could be exchanged for about 32.88 TWD. By the end of June, the TWD appreciated to 1 TWD = 0.0338 USD, meaning 1 USD is approximately equivalent to 29.6 TWD, an appreciation of about 10.8%, with some data sources even estimating it to be as high as 11.53%.

As geopolitical concerns have eased and the market's expectations for rate cuts by The Federal Reserve (FED) this year have strengthened, the stock market rose to intraday highs after White House spokesperson Karoline Leavitt downplayed the impending July tariff agreement deadline. Nvidia hit a new high, and the S&P 500 index rose by 0.8%, just a step away from its all-time high.
( NVIDIA's stock price has reached a new high, with the price-to-earnings ratio still below the ten-year average. Analysts recommend buying in ).
The US GDP has been revised down to -0.5%, and interest rate cut expectations are heating up.
Consumer spending growth in the United States in the first quarter reached its lowest level since the outbreak of the pandemic, with a quarterly decrease of 0.5% in Gross Domestic Product (GDP). Although the number of first-time unemployment claims has decreased, the number of continued claims has risen to its highest level since 2021.
Chris Larkin from Morgan Stanley E\Trade stated:
"Economy

The state government stablecoin WTST issued by the state of Wyoming, USA, is the first US dollar stablecoin backed by US Treasury bonds launched by a local government. It was also recently announced that they will cooperate with Aptos and LayerZero to become issuance partners.
Wyoming issues the first state government stablecoin.
Mark Gordon, the governor of Wyoming, announced at the Washington blockchain summit on March 27 that the state government plans to issue the stablecoin "WYST" in July this year, becoming the first stablecoin issued by a national local government, backed by US dollars and secured by US treasury bonds. In recent days, the Wyoming state government has also been testing the performance of the related blockchain, and Aptos recently announced that its public chain achieved a score of 32, ranking it alongside Solana as the highest-scoring public chain.
( The US "state" stablecoin WYST has been launched! Wyoming Governor

The hardware wallet giant Ledger recently announced that it will completely stop supporting the classic device Nano S launched in 2016, causing dissatisfaction within the community. Although the official stance emphasizes that security is not a concern, this wave of "forced consumer upgrades" has also led many users to associate it with the planned obsolescence business strategies commonly used by tech giants like Apple.
The nine-year device has entered history, Ledger announces the discontinuation of support for Nano S.
Ledger announced at the end of May that it would stop supporting its classic hardware wallet Nano S, stating that the device had entered the "end of development phase" at the end of last year, and from now on, it will no longer receive updates or support for new features and applications.
Ledge online store's hardware wallet page
Ledger also reminds users to upgrade to Nano S Plus or Ledger.

To address the long-standing transparency issues in the stablecoin market, the American Institute of Certified Public Accountants (AICPA) has released the "2025 Stablecoin Reporting Standards," which sets forth a specific disclosure framework for stablecoins "backed by fiat assets" for the first time. This standard covers the quantity of redeemable tokens in circulation, the composition of corresponding assets, and whether a 1:1 reserve is maintained, providing a verifiable information framework for auditors and investors.
Which tokens are considered "redeemable"? AICPA requires clear classification.
The new guidelines require stablecoin issuers to clearly disclose the classification and circulation status of various tokens. The report categorizes tokens into three main types:
Convertible tokens: can be immediately exchanged for an equivalent fiat currency according to the contract terms.
Temporarily non-exchangeable Tokens: such as time-locked Tokens that have not yet been unlocked and coins in temporarily restricted accounts.
Permanent non-redeemable Token: Includes test coins, permanently frozen tokens, etc.
The issuer needs to come from