Bloomberg: Singapore Regulations Prompt Unlicensed Crypto Exchanges to Consider Exiting Local Market
According to Bloomberg, sources revealed that crypto exchanges Bitget and Bybit, which have operations in Singapore without local licenses, are planning to restructure their teams. Bitget will relocate employees to Dubai and Hong Kong, while Bybit is considering similar measures. Sources stated that these exchanges with operational teams in Singapore but without licenses may face adjustments of hundreds of positions. On May 30, the Monetary Authority of Singapore (MAS) announced that crypto companies with entities in Singapore but providing offshore services must cease operations by June 30, with no transition period, affecting front-end functions including sales. An MAS spokesperson said this is a continuation of the 2022 Financial Services and Markets Act, affecting only "a very few" companies. Industry experts point out that the new regulations expose the unclear positioning of crypto company headquarters, and legal experts suggest that companies using Singapore teams to support offshore businesses with undefined services may face case-by-case reviews.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]According to Businesswire, electronic game retailer GameStop (GME.N) announced that the company plans to issue convertible senior notes with a total principal amount of $1.75 billion to qualified institutional buyers through a private placement, based on market conditions and other factors. GameStop also plans to grant the initial purchasers of the notes an option to purchase up to an additional $250 million of notes within 13 days of the initial issuance. GameStop intends to use the net proceeds from this issuance for general corporate purposes, including investments in a manner consistent with GameStop's investment policy and potential acquisitions.
DWF Labs partner Andrei Grachev stated on X platform that DWF Labs currently holds 5 million NEAR and has staked 6 million NEAR. He called on the NEAR team to reduce the inflation rate to 2.5% to enhance the token's long-term value and ecosystem growth. If this is accomplished, the institution will purchase an additional 10 million NEAR in the secondary market.
Coinbase to list FARTCOIN, SQD, and CAKE
According to the official announcement, Coinbase will list Fartcoin (FARTCOIN), Subsquid (SQD), and PancakeSwap (CAKE). If liquidity conditions are met, trading will begin at or after 00:00 Beijing time on June 13. Once the supply of the relevant assets is sufficient, USD trading pairs for these tokens will be launched in stages.
OneBalance raises $20 million in Series A funding, led by Cyber Fund and Blockchain Capital
According to The Block, cross-chain infrastructure company OneBalance has completed a $20 million Series A funding round led by Cyber Fund and Blockchain Capital, bringing its total funding to $25 million. The funds will be used to expand the team and enhance the core product Toolkit's functionality, which simplifies asset transfer and yield operations across multiple chains without manual bridge and gas fee handling. OneBalance, led by Flashbots co-founder Stephane Gosselin, aims to provide a seamless "one-click cross-chain" experience for stablecoin users.
(The translation continues in the same manner for the remaining paragraphs.)Ukrainian Lawmakers Submit Bill Allowing Central Bank to Create Crypto Reserves
According to CoinDesk, 8 Ukrainian parliament members submitted a bill to authorize the national bank to include virtual assets in foreign exchange and gold reserves. Yaroslav Zheleznyak, the bill's leader and vice-chairman of the Financial and Tax Committee, stated that this move will help Ukraine integrate into global financial innovation, enhance macroeconomic stability, and promote digital economy development. The proposal is an empowering legislation and does not mandate the central bank to establish crypto reserves. Currently, Ukraine already holds over 46,000 BTC owned by officials, with a market value exceeding $5 billion.
Nasdaq-listed company Interactive Strength (TRNR) announced receiving up to $500 million in funding to acquire FET tokens issued by Fetch.ai and launch an AI-centric crypto treasury strategy. The first round has secured $55 million in investments from ATW Partners and DWF Labs. TRNR will collaborate with Fetch.ai to develop an AI-driven digital fitness platform and is expected to form the largest US-listed crypto treasury centered on AI tokens.
Binance HODLer Airdrop Launches Resolv (RESOLV)
According to a Binance announcement, RESOLV (a stablecoin protocol supported by ETH and BTC collateral) will be listed for spot trading on June 11 at 22:30 (Beijing time) as the 21st HODLer Airdrop project, with trading pairs including USDT, USDC, BNB, FDUSD, and TRY. Users who hold and stake BNB in Simple Earn or On-Chain Yields products can receive a 2% airdrop of the total supply (20 million RESOLV tokens). The initial circulating supply is 15.575 million tokens.
Binance Futures to List TAIKO and SQD Perpetual Contracts with Up to 50x Leverage
According to a Binance announcement, to expand trading options, Binance Futures will list TAIKOUSDT perpetual contract on June 11 at 20:30 (Beijing time) and SQDUSDT perpetual contract at 20:45, both supporting up to 50x leverage. TAIKO and SQD have already been listed on Binance Alpha market.
Ethereum Foundation Transfers 1,000 ETH to Associated Address
According to PeckShieldAlert, the Ethereum Foundation has transferred 1,000 ETH (approximately $2.8 million) internally to the associated address 0xbC9a…fbC3.
Japanese Listed Company Remixpoint Purchases Approximately 50 Bitcoins Again
Japanese listed company Remixpoint announced today the purchase of 50.06 Bitcoins for 793.9 million yen, with an average purchase price of 15.8575 million yen. To date, the company holds 925.71 BTC, with a total value of approximately 14.572 billion yen based on the current market value.
