Crypto market today's news

Regulatory Dynamics

The South Korean National Policy Committee stated that the taxation of digital assets has not been specifically discussed. Although previous reports mentioned expanding new economy taxation to include digital assets such as Bitcoin, it is currently only in the policy conceptual stage and not a finalized policy. The implementation of digital asset taxation is expected to be postponed until 2027.

The director of the Federal Housing Finance Agency stated that they will study the relationship between cryptocurrency holdings and mortgage eligibility.

Texas has become the first state in the United States to actually invest in establishing a cryptocurrency reserve, allocating $10 million to purchase Bitcoin. This sends an important signal that Texas recognizes the future of digital finance.

Market Dynamics

Ark Invest sold off over $100 million worth of Circle shares yesterday.

Trump Media announced a $400 million stock buyback plan, stating it will not affect its Bitcoin reserve strategy. The company stated that it currently has about $3 billion in funds on its balance sheet.

The fintech company Fiserv plans to launch the stablecoin FIUSD by the end of the year and collaborate with PayPal to achieve interoperability between FIUSD and PYUSD.

Project Progress

The Layer2 game ecosystem Moonveil will launch the $MORE token generation event on June 27th, and the eligibility for airdrop queries is now open.

The South Korean exchange Upbit will launch multiple trading pairs for Newton(NEWT).

Ethereum developers proposed to reduce the block interval time by half to 6 seconds, or include it in the Glamsterdam upgrade at the end of 2026.

Celestia co-founder stated that it has over 100 million USD in reserves, enough to support operations for more than 6 years.

Data Insights

NEWT rose by 38.2% in a short time, possibly due to the impact of being listed on Upbit.

A ConsenSys-related address is suspected to have purchased 3,704 ETH again, worth 8.91 million dollars.

The estimated cryptocurrency holdings of Russians exceed 25.4 billion USD.

Financing Trends

Canton Network developer Digital Asset completes $135 million strategic financing.

On-chain commodity derivatives exchange Sphinx completes $2 million Pre-seed round financing.

Former Coral Capital executives will establish a BNB Reserve Company and raise $100 million.

The DEX GTE based on MegaETH has completed a $15 million Series A financing.

Institutional Dynamics

The Hong Kong-listed company Yuxing Technology disclosed that it has sold 1,220 ETH in the past year.

Hong Kong's VMS Group has made its first foray into the encryption field, planning to allocate up to $10 million to Re7 Capital's strategic investments.

The American luxury car repair company ECD has secured $500 million in equity financing, which will be used to launch a Bitcoin treasury strategy.