Michael Saylor: Bitcoin Will No Longer Experience Bear Market, Price Will Reach $1 Million per Coin
According to Bitcoin Magazine, Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor stated in an interview that Bitcoin has passed its most dangerous stage and will not experience a bear market again. He predicts that Bitcoin's price will reach $1 million and emphasizes that top US government officials support Bitcoin. Saylor revealed that MicroStrategy is building a unique business model through Bitcoin-backed bonds and preferred stocks, having completed three Bitcoin-backed preferred stock issuances in the past five months. The company's all-Bitcoin balance sheet gives it an advantage in developing innovative financial products, competing with the $100 trillion traditional bond and preferred stock ETF market. Additionally, he believes the surge in Japanese listed company Metaplanet's market value shows international capital is accelerating its entry into the Bitcoin field, and the next ten years may be the last window to acquire Bitcoin.
Russia to Fine and Confiscate Cryptocurrencies from Illegal Crypto Miners
According to Cryptonews, Russia's Digital Development Department is drafting new regulations to combat illegal cryptocurrency mining. The draft stipulates that individuals engaging in illegal mining will face fines of 100,000-200,000 rubles, with companies facing fines up to 2 million rubles, and the involved cryptocurrencies will be confiscated. The proposal is currently in an inter-departmental review stage. The new rules explicitly prohibit using cryptocurrencies for payment settlements, with violators facing fines up to 1 million rubles. Mining operators must report mining data and wallet addresses to the financial regulatory agency. Current Russian policy allows home mining (monthly electricity consumption not exceeding 6,000 units), but restrictions are implemented in 10 regions. The central bank states that confiscating crypto assets will be the most effective deterrent.
[The translation continues in the same manner for the rest of the text, maintaining the specified translations for specific terms and preserving HTML tags.]According to Cointelegraph, Franklin Templeton, with asset management scale of $1.53 trillion, launched a "daily yield" feature for tokenized assets. The feature has been integrated into its tokenization platform Benji, allowing investors to calculate yields based on second-level holding time, supporting revenue accumulation on non-trading days (including holidays), solving the lag in traditional finance's daily settlement. Digital asset head Roger Bayston stated that current systems typically calculate yields daily and distribute monthly, preventing day traders from receiving their due earnings. The company's on-chain U.S. Government Money Fund manages approximately $750 million in assets.
Ethereum Foundation Emphasizes Six Major Security Challenges in Its Ecosystem
According to Cointelegraph, the Ethereum Foundation released a report on Tuesday, pointing out six major security challenges facing its ecosystem, including user experience and social layer issues. The report, based on feedback from stakeholders like users and developers, believes user experience is key to security improvement. The report states that users bear significant security burdens, and after consulting feedback, user experience security is viewed as a primary concern, with main worries about blind signing, approvals, permission management, and web interfaces being vulnerable, with many users lacking the ability to securely manage cryptographic keys. Additionally, the report mentions other security areas such as smart contracts, infrastructure and cloud, consensus protocols, monitoring response, and risk mitigation. It also emphasizes community concerns about staking centralization and off-chain asset centralization, stating that concentrated staking could pose risks to Ethereum and potentially trigger social governance manipulation. The foundation noted that social and governance risks are more long-term focused, concerning the entire Ethereum ecosystem rather than individual user or application security.
Coinbase Has Listed HOME (HOME)
Coinbase Assets announced on X platform that HOME (HOME) is now listed on coinbase.com and Coinbase iOS and Android applications, marked with an "experimental" label.
CFTC Chair Nominee: Additional Funding Needed if CFTC Gains More Crypto Regulatory Powers
According to The Block, Brian Quintenz, Trump's CFTC chair nominee, stated at a Senate hearing that additional funding would be needed if CFTC gains more cryptocurrency regulatory powers. Several senators agreed, with Minnesota Democratic Senator Amy Klobuchar emphasizing that CFTC needs sufficient personnel and resources to address emerging challenges. Quintenz, previously global policy head of a16z crypto fund and CFTC commissioner from 2017-2021, would become the only sitting CFTC commissioner if nominated. Currently, the U.S. Congress is reviewing bills that might expand CFTC's digital asset regulatory powers, while the agency currently has fewer than 1,000 employees, far below SEC's 4,000.
[The translation continues in the same manner for the remaining paragraphs.]According to Fortune, the stablecoin payment startup Noah announced the completion of a $22 million seed round, led by the European veteran venture capital firm LocalGlobe, with participation from angel investors such as Felix Capital, FJ Labs, and Palantir co-founder Joe Lonsdale. Thijn Lamers, former global sales head at Adyen, joined as a co-founder, bringing rich payment industry resources. Noah reportedly provides a stablecoin payment API that supports 50 currencies and covers 70 countries, with cumulative transaction volume exceeding $1 billion. Lamers stated that his network and reputation are one of the company's differentiating advantages. CEO Shah Ramezani emphasized that "payment networks are more important than technology".
UK FCA Appoints Sarah Pritchard as Deputy CEO for Regulating Crypto Companies
The UK Financial Conduct Authority (FCA): Sarah Pritchard has been appointed as deputy CEO, with a new position created to reflect her expanding scope of authority, including regulation of cryptocurrency companies.
Michael Saylor: Apple Should Buy Bitcoin
Financial program host Jim Cramer stated that Apple's current stock buyback plan "has not been effective". In response, Strategy co-founder Michael Saylor said, "Apple should buy Bitcoin", suggesting that investing cash reserves in BTC might be a more strategic choice.
Binance Wallet Exclusively Launches TGE Period 22 with MEET48 (IDOL)
According to Binance's Chinese account, the 22nd TGE project on Binance Wallet is MEET48 (token $IDOL), which will be open for subscription from 4:00 PM to 6:00 PM Beijing time on June 11. Users need to hold Binance Alpha points to participate, with 192 million IDOL tokens to be used for subsequent activities, with specific details to be announced.
