Nasdaq Applies to SEC to Add XRP, SOL, ADA, XLM to Crypto Index
According to Cryptotimes, Nasdaq submitted a rule change request to the U.S. Securities and Exchange Commission (SEC) on June 7, planning to include XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) in its crypto index benchmark. This adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), intending to expand its tracking target from the original Nasdaq Crypto US Settlement Price Index (NCIUS) to the Nasdaq Crypto Index (NCI) covering 9 tokens. Currently, the NCI index contains 9 cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH), but due to SEC regulations, the ETF can only hold BTC and ETH, leading to tracking error risks. If approved, the ETF will be able to invest in all index constituent assets, with the final decision expected to be made by November 2, 2025. This move could push the U.S. crypto ETF to take a key step towards diversification.
DeFi App Increases Airdrop Proportion from 5% to 10%
The decentralized application DeFi App announced that it has completed a community vote and increased the airdrop proportion from 5% to 10%. Previously, Binance Alpha platform will list DefiApp (HOME) on June 10.
Whale Transfers 4,949.63 ETH to CEX After 4 Years of Silence
According to OnchainLens monitoring, a whale transferred 4,949.63 ETH (approximately $12.54 million) to Binance, Gate, and MEXC after 4 years of silence, while also transferring 3,936.44 ETH (approximately $9.9 million) to another wallet.
Michael Saylor Downplays Quantum Computing Threat to Bitcoin
According to CoinDesk, Strategy founder Michael Saylor recently downplayed the quantum computing threat to Bitcoin in a CNBC interview, believing that the Bitcoin protocol can address potential risks through software upgrades when the threat is imminent. He stated: "This is mainly a marketing tactic by those wanting to sell you the next quantum concept token. Google and Microsoft won't sell computers that can crack modern cryptography, as this would destroy Google and Microsoft—and also the U.S. government and banking system." Currently, multiple solutions are being researched to make Bitcoin's Proof of Work (PoW) resistant to quantum attacks, including quantum-resistant crypto hardware developed by startups like BTQ. A Bitcoin developer has submitted an improvement proposal (BIP) suggesting migrating wallet addresses to quantum-safe addresses through a hard fork. Saylor emphasized that the Bitcoin protocol upgrades annually and that larger security threats come from phishing attacks. Saylor concluded: "Bitcoin is a protocol; its software upgrades annually." He also believes the biggest security threat to Bitcoin is network phishing. However, not everyone agrees with Saylor's view. A recent report from Presto Research indicates that the crypto industry is "completely unprepared" for the imminent quantum threat.
Biometric Project World to Launch Operations in London on June 12
According to CNBC, the biometric project World (formerly Worldcoin), co-founded by OpenAI CEO Sam Altman, will launch operations in London on June 12 and plans to expand to other major UK cities in the coming months, including Manchester, Birmingham, Cardiff, Belfast, and Glasgow. The project aims to use its Orb device to verify human identity and prevent fraudulent misuse of AI systems like deep fakes.
Bitcoin Network Transaction Activity Drops to Lowest Level Since October 2023
According to The Block, the seven-day average transaction volume of the Bitcoin network dropped to 317,000 transactions last Friday, a new low since October 2023. Data shows that on June 1, only 256,000 transactions were confirmed on-chain, with multiple transactions below the 1 sat/vB standard fee rate being packed by miners, including a 0.1 sat/vB ultra-low fee transaction (total fee around $0.01) submitted by Mempool founder Mononaut, which was processed by MARA through the dedicated channel Slipstream after lingering in the mempool for a month. On June 6, 31 Bitcoin Core developers signed an open letter opposing node filtering of low-rate or non-standard transactions, emphasizing Bitcoin's inherent anti-censorship nature. Developers pointed out that forcing users to use private channels like Slipstream would compromise decentralization. This stance was opposed by individuals like Jan3 founder Samson Mow, who argued that core developers are removing protective mechanisms against spam transactions.
Token Unlocks data shows that APT, STRK, IMX, and other tokens will face large unlocks next week, including: Aptos (APT) will unlock approximately 11.31 million tokens at 12 PM Beijing time on June 12, representing 1.79% of current circulation, valued at around $52.7 million Starknet (STRK) will unlock about 127 million tokens at 8 AM Beijing time on June 15, representing 3.79% of current circulation, valued at around $16.6 million Immutable (IMX) will unlock approximately 24.52 million tokens at 8 AM Beijing time on June 13, representing 1.33% of current circulation, valued at around $12.8 million (Continues with other token unlock details)
Vitalik: AI is Very Useful in Fields Where I'm a Novice
Vitalik posted on X platform: My experience with AI is quite the opposite - in fields where I'm an expert, AI is almost of no help, but in fields where I'm a novice, AI is very useful (recent examples: writing native Android applications, learning Linux internals).
Airwallex CEO: Stablecoins Difficult to Replace Traditional Cross-Border Payments at Present
Jack Zhang, co-founder and CEO of cross-border payment unicorn Airwallex, questioned the practical use of stablecoins. He stated that even if stablecoin prices are stable, if the recipient still requires settlement in local currency (such as EUR), the off-ramp cost of stablecoins is far higher than the traditional interbank foreign exchange market, making it difficult to save costs. Additionally, Jack directly stated that he hasn't seen a practical use case for cryptocurrencies in 15 years and believes that currency issuance is the responsibility of central banks, viewing stablecoins merely as a financial speculation tool.
Michael Saylor Again Releases Bitcoin Tracker Information, May Disclose Acquisition Data
Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor again released Bitcoin Tracker-related information, with the caption: "Sending more orange dots", typically indicating that he will disclose Strategy's Bitcoin acquisition data the day after releasing Bitcoin Tracker information.
According to Cointelegraph, the Bitcoin Core Project released a statement on Bitcoin network transaction relay strategy yesterday, suggesting a non-interventionist approach, which has sparked strong dissatisfaction in the Bitcoin community, with analysis suggesting it could lead to community division: 1. JAN3 CEO Samson Mow stated that Bitcoin Core developers have been gradually changing the network, but the statement "this is how it is, too bad" is inappropriate; 2. Casa founder Jameson Lopp said: Bitcoin Core developers are a group who claim they cannot force anyone to run code they don't like, which sounds like a PR move, but when there's no unified message and only independent developers making statements, the PR performance is poor; 3. Bitcoin developer Carl Horton stated: Bitcoin is a "coin", not a "bucket", not a "store", or any general data storage, but a peer-to-peer electronic cash system; 4. Bitcoin Core developer Luke Dashjr said: The transaction relay goals listed in the statement are basically wrong, predicting which information will be mined is a centralized goal, the main purpose of transaction relay is to predict Bitcoin transactions to be mined, and helping spam spread is harmful.
James Wynn's Bitcoin short position is currently at a floating loss of approximately $113.55 today
According to Lookonchain, after James Wynn received a referral reward of $481.42, he immediately opened a 40x Bitcoin short position, but is currently in a floating loss state, with today's loss amount around $113.55.
Four wallets deposited 356,000 LINK to Binance in the past 24 hours
According to The Data Nerd, four wallets (possibly belonging to the same whale) deposited a total of 356,000 LINK to Binance in the past 24 hours. Three years ago, this whale accumulated these tokens from Kraken at an average entry price of $7.03, and if sold at current prices, they would realize a profit of approximately $2.43 million, with a 97.3% return on investment.
According to Huaxia Times, the Secretary for Financial Services and the Treasury, Christopher Hui, previously stated that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivative trading for professional investors with robust risk management measures. Analysts cited by Huaxia Times suggest that based on international experience, Hong Kong's derivative market is expected to initially pilot perpetual contracts of mainstream virtual assets like Bitcoin and Ethereum. International practices from institutions such as Singapore Exchange (SGX), Coinbase and the US Commodity Futures Trading Commission (CFTC), and the European MiFID II regulatory framework have prioritized perpetual contracts as an important direction for virtual asset derivatives.
James Wynn has opened a 40x Bitcoin short position
According to on-chain analyst Yu Jin's monitoring, James Wynn has closed his long position and opened a short position, losing $70 in referral income, and then used the remaining funds to open a 40x BTC short position.
A whale unstaked 50,017 SOL and transferred 50,000 SOL to Binance
According to Onchain Lens, a whale unstaked 50,017 SOL and transferred 50,000 SOL to Binance. This whale has redeemed a total of 175,062 SOL worth $25.16 million in the past 2 months, after staking for 4 years.
