JP Morgan Files 'JPMD' Trademark... Hinting at Stablecoin Launch
JP Morgan Chase has confirmed filing a trademark under the name 'JPMD', as reported by Unfolded on X. The industry interprets this as preliminary preparation for launching its own stablecoin or digital payment asset.
US Cryptocurrency Market Structure Bill Stalls over Conflict of Interest Clause
The passage of the US Cryptocurrency Market Structure Bill (CLARITY) has reached a stalemate, according to Bloomberg analyst James Seyfarth on X. He explained that "Currently, the Democrats and Republicans negotiating the bill are showing differences over whether to insert a clause preventing conflicts of interest for the president, vice president, federal legislators, and their families. Some Republican figures are pushing back, arguing that such a provision could be misused as a political attack tool."
US Investment Bank Says Solana More Suitable for Corporate Crypto Acquisition than Ethereum
US investment bank Cantor Fitzgerald assessed that Solana (SOL) is more suitable as a corporate financial asset compared to Ethereum (ETH). In a recent report, the bank stated, "Solana's developer growth rate is ahead of Ethereum" and "Adopting Solana as a strategic financial asset is more rational. Solana aims to support transaction and market platforms for the digital economy." Regarding this, the bank noted that "After DeFi Development Corp adopted Solana as a strategic financial asset, they secured over 620,000 SOL. Simultaneously, they are diving deeper into the Solana ecosystem by developing liquidity staking tokens and acquiring two validators," and proposed a target stock price of $45.
Davis Commodity Raises $30 Million, Plans BTC Acquisition
Nasdaq-listed Davis Commodity has completed fundraising of $30 million for its Bitcoin reserve strategy, as reported by Globe Newswire. The secured funds will be used for ▲Strategic Bitcoin reserves ▲Tokenization of agricultural physical assets ▲Technology infrastructure development.
Universal Digital Announces BTC Treasury Strategy
Canadian listed company Universal Digital officially announced its Bitcoin Treasury Strategy, as reported by Crypto Briefing. The company plans to gradually dispose of its existing altcoin holdings and reallocate those funds to Bitcoin purchases.
US SEC Confirms Receipt of Truth Social's BTC Spot ETF Application
The US Securities and Exchange Commission (SEC) has officially confirmed receiving an application for launching a BTC spot ETF from Truth Social, the social media company of the US President, according to foreign media.
Hedera Founder Says "Additional Buyback Underway"... Preparing Defensive Measures
Chechen Che, Hedera co-founder, stated, "We plan to conduct additional buybacks and are closely monitoring the current situation. We must prevent additional attacks." Previously, Hedera released a preemptive report on ZKJ's collapse, stating that "Intended liquidity attacks on PancakeSwap and large-scale token sales were the cause of the decline."
Canada's Purpose to List XRP Spot ETF on 6/18
Canadian asset management company Purpose Investments, having received final approval from Canadian securities authorities, will list the 'Purpose XRP ETF' on the Toronto Stock Exchange (TSX) on June 18 (local time), as reported by U Blockchain. The ETF is structured to directly invest in XRP physical assets, with tickers ▲XRPP (CAD hedged) ▲XRPP.B (CAD unhedged) ▲XRPP.U (USD basis).
Chainalysis Partners with Aptos
Blockchain analysis firm Chainalysis announced a partnership with Aptos (APT) through its official X. Through this partnership, the Aptos Foundation will share wallet address information associated with illegal activities with Chainalysis and aim to enhance on-chain crime response and regulatory compliance capabilities.
Coinbase International Lists RESOLV Perpetual Futures
Coinbase's cryptocurrency derivatives exchange, Coinbase International Exchange, announced the listing of RESOLV perpetual futures on the 19th at 6:30 PM (Korean time).
Expert Warns "Risky for Companies to Hold Cryptocurrencies Other than BTC"
Greg Cipolaro, Global Research Head at Bitcoin financial services company NYDIG, warned in a recent report that "Companies operating cryptocurrencies other than Bitcoin should be cautious." He noted, "More companies are increasing cryptocurrency holdings and modifying their existing financial strategies" and "Cryptocurrencies other than Bitcoin are mostly perceived as consumer goods. There are questions about long-term holding value in a situation without massive adoption." He added, "Bitcoin took years to achieve gradual acceptance on Wall Street. In contrast, the second-largest cryptocurrency Ethereum is still in the warming-up stage from a traditional financial perspective."
Bitcoin Hash Rate at All-Time High... Mining Cost Projected to Exceed $70,000
Bitcoin network's hash rate and mining difficulty have set new all-time highs, putting pressure on mining companies' profitability, as reported by CoinTelegraph. According to TheMinerMag, the 1 BTC mining cost is expected to exceed $70,000, which is over $6,000 higher than the first quarter. The network's 14-day average hash rate is currently 913.5 EH/s. Fee revenue has decreased to less than 1% of total block rewards, and hash price (mining revenue per 1TH/s) dropped to $52 before slightly rebounding.
Analysis: "BTC Could Rise 100 Times in 10-20 Years"
According to Cointelegraph, entrepreneur and podcaster Brad Mills predicted that BTC price could rise 100 times in the next 10-20 years. Mills cited the following reasons: ▲accelerated BTC adoption by institutions ▲supply scarcity due to halving ▲technological innovations for small investors. He stated, "The strategic Bitcoin reserve program introduced by the US government is also noteworthy. According to the executive order by President Trump and Senator Cynthia Lummis's bill, the government has decided to maintain the 200,000 BTC seized as a reserve asset instead of selling it. This signals a repositioning of Bitcoin as a strategic macro asset, similar to gold or government bonds."
Analysis: "BTC Shows Apple and Amazon-Level Resilience"
Bloomberg ETF analyst Eric Balchunas noted on X that "Bitcoin is a rare asset that has repeatedly set new all-time highs (ATH) despite experiencing over 50% crashes. This resilience is similar to top-tier stocks like Apple, Microsoft, Amazon, and Berkshire Hathaway."
Arthur Hayes: "Most Altcoins Unlikely to Recover in Price"
BitMEX co-founder Arthur Hayes appeared on the YouTube channel Bonnie Blockchain and stated that "most altcoins are highly unlikely to ever recover to their previous prices."
Trump's Son Denies TRON and Strategy Company Rumors
Eric Trump, son of former US President Donald Trump, officially denied recent online rumors about TRON (TRX) and Strategy (MSTR) through his X account. Eric Trump clarified that "rumors about TRON launching a company similar to Eric Trump and Strategy are false, and he has no connection to such a company."
Pump.fun Official X Account Blocked
According to foreign media, the official X account @pumpdotfun of Pump.fun has been blocked. The founder's account (@a1lon9) has also been confirmed as blocked.
OKX Lists SPK Spot Trading
OKX announced through its official website that it will list SPK/USDT spot trading today at 7 PM (Korean time).
US Stock Market Cryptocurrency Theme Stocks Close Strong
As the US stock market's three major indices closed higher, cryptocurrency theme stocks showed overall strength. Circle (CRCL) closed up 13%, while Coinbase (COIN) closed up 8%.
US Stock Market Three Indices Close Higher
The US stock market's three major indices closed higher.
S&P500: +0.9%
Nasdaq: +1.5%
Dow: +0.77%
Iran: "Will Continue Strikes Until Israel Stops Attacks"
According to Walter Bloomberg, the Iranian Islamic Revolutionary Guard Corps (IRGC) stated that "they will continue attacks until Israel stops its attacks."
Iran: "Prepared to Deliver Significant Blow to Israel"
Walter Bloomberg reported, citing Iranian Mehr News Agency, that Iran is prepared to deliver a "significant blow" to Israel.
Trump and Starmer Seek Tariff Reduction Agreement at G7
Walter Bloomberg, citing multiple sources, reported that former US President Donald Trump and UK Prime Minister Keir Starmer are expected to finalize a tariff reduction agreement. The two leaders are reportedly planning to co-sign the agreement at the upcoming G7 summit.
BTC Surpasses $108,000
According to Coinness market monitoring, BTC has surpassed $108,000. On the Binance USDT market, BTC is trading above $108,000.
