Odaily reports that according to OKX market data, influenced by the news that Upbit will list ARX trading pairs for KRW, BTC, and USDT, ARX briefly rose to 0.4 USDT.

According to the official announcement, Upbit will list Archium (ARX) in the Korean won trading pair.

Odaily Odaily reports that Paul Cafiero, a Communications Partner at a16z Crypto, stated on the X platform that the crypto industry has entered the "Show Me" era, where vision and MVP (Minimum Viable Product) alone are no longer sufficient to gain market recognition.

Paul Cafiero pointed out that as traditional financial institutions accelerate their entry into the crypto space—with BlackRock launching a tokenized money market fund, Fidelity applying for a crypto ETF, and JPMorgan using its internal blockchain for trade settlement—the industry standards have been permanently raised.

He stated that today, partnerships require real deployment cases and partners willing to publicly endorse them; data needs actual metrics such as mainnet transaction volume, active users, revenue, and retention curves, not testnet data; and the most compelling proof of product-market fit is no longer a launch announcement, but an organically growing community formed before the product goes live. Paul Cafiero believes that the crypto industry's former logic of "vision as product" is failing, and the market's criteria for validating projects have fundamentally changed.

Odaily Planet Daily News Decentralized lending protocol Goldfinch community has released a proposal titled "Approving Goldfinch Operations Maintenance and Gradual Wind-Down of Goldfinch Prime," with voting set to end tomorrow and a current approval rate of 100%.

The proposal includes an orderly cessation of Goldfinch Prime business operations and transitioning Goldfinch into "maintenance mode." Subsequent efforts will focus on supporting the continued liquidation of historical borrower pools, maintaining access to the legacy version of the application so users can continue to claim repayments and principal, as well as completing the foundation's closure and related administrative obligations.

Additionally, Warbler Labs will receive a fixed service fee of $150,000, of which $100,000 is new budget allocation and $50,000 comes from the reallocation of previously approved operating budgets. These funds will be used to support the liquidation of Goldfinch Prime and the foundation, business transition, as well as technical and operational maintenance of historical borrower pools for the next two years or more.

Previously, Goldfinch completed a $25 million funding round in 2022, led by a16z.

Odaily reported that Nate Geraci, President of ETF Store, posted on X that the Chicago Board Options Exchange (Cboe) is considering converting its Bitcoin and Ethereum futures products into perpetual futures.

Nate Geraci believes that traditional financial institutions are continuously being forced to respond to crypto-native innovation. He stated that this is just the beginning of traditional finance absorbing innovations from the crypto market.

According to Gate data, the Korea KOSPI index has dropped 3% intraday, now at 8840.41 points.

Odaily reports that according to on-chain analyst Ai Yi's monitoring, the Ondo team's multisig wallet transferred 150 million ONDO (worth $49.56 million) to a certain address 8 hours ago. This address has received a cumulative total of 425 million ONDO since April 22, worth a total of $147 million. After the two previous transfers, the tokens were deposited into Coinbase in batches; the purpose remains unknown.

Odaily reports that “White-haired Stock Guru” Serenity posted on X, stating that he believes South Korean optical communications company OE Solutions (138080.KQ) is one of the most reasonable choices among potential acquisition targets for large downstream enterprises.

Serenity pointed out that the company currently has a market cap of approximately $215 million, yet possesses scarce EML/CW laser intellectual property (IP). He believes that companies such as Source Photonics or Suzhou Dongshan Precision Manufacturing could gain greater strategic value through vertical integration by acquiring OE Solutions.

Serenity noted that given the substantial R&D investment and capital expenditure required for expanding wafer fabs and initial construction, and the fact that OE Solutions itself remains a relatively small optical firm, it holds certain M&A appeal. He also disclosed that he currently holds a position in the company.

1. Both Strategy and Bitmine are facing unrealized losses of approximately $9 billion each;

2. Michael Saylor: Purchased 520 BTC for $35 million, increasing BTC reserves to 847,363;

3. Intercontinental Exchange (ICE) and OKX have established a joint venture named OKXICE;

4. Strive purchased an additional 759 BTC at an average price of $65,850, bringing total holdings to 19,864;

5. BitMine: Purchased a total of 52,203 ETH over the past week, valued at $92 million;

6. Micron has reached multiple collaborations with Anthropic and participated in Anthropic's Series H funding round;

7. Polymarket Documentation Update: No eligibility criteria for airdrops disclosed, users encouraged to focus on genuine interaction;

8. Goldfinch, backed by a16z, faces tens of millions of dollars in loan defaults, causing the GFI token to drop 99.8%;

9. Trump signed two executive orders to advance the deployment of quantum computers for scientific research by 2028;

10. Bank of America predicts the Federal Reserve will raise interest rates by 75 basis points in 2026.

According to a post by Zach Pandl, Head of Research at Grayscale, since the Iran conflict began at the end of February, U.S. stocks have risen by 9%, while Bitcoin has fallen by 1% and gold by 20%. Although significant AI-related spending has supported the stock market, Bitcoin and gold have underperformed, partly due to market expectations that the Federal Reserve may raise interest rates to combat inflation. Grayscale disagrees with this expectation, and its base case scenario is that the Fed will pause rate hikes. Zach Pandl noted that since the Iran conflict began, the 1-year Fed rate expectation has risen by approximately 60 basis points, with about half of Fed officials believing that a rate hike in 2026 could be appropriate, and the European Central Bank has already raised rates. As non-yielding monetary assets, gold and Bitcoin compete with fiat currencies. An increase in real fiat interest rates raises the opportunity cost of holding Bitcoin and gold, thereby suppressing demand. Bitcoin serves a dual purpose in an investment portfolio: on one hand, it is a scarce digital commodity that can act as a long-term store of value; on the other hand, as a public chain asset, it offers exposure to the long-term growth of the crypto industry. Therefore, Bitcoin's function in a portfolio is similar to, but not entirely identical to, gold and growth stocks. Zach Pandl indicated that if the likelihood of rate hikes decreases, in line with Grayscale's base case scenario, Bitcoin could catch up with stock performance.

Odaily Planet Daily News According to an official announcement, David Bailey’s Bitcoin treasury company Nakamoto announced that its medical clinic operations officially ceased on June 19, 2026, with related administrative closure work expected to be completed in the third quarter of 2026.

Nakamoto stated that this move marks the gradual shutdown of the company's traditional medical business and a full transition into a Bitcoin operating company. Moving forward, the company will focus on media and information services, asset management, and consulting services, driving sustained growth across business lines through recurring revenue.

CEO David Bailey stated that the company has built a differentiated platform covering the world’s leading Bitcoin media, asset management, and consulting businesses, and is currently fully expanding these operations to create long-term shareholder value.

According to data from MSX.COM, U.S. stocks closed with the Dow up 0.29%, the S&P 500 down 0.37%, the Nasdaq down 1.32%, and the VIX Volatility Index up 2.98%. AI concept stocks broadly declined, with AeroVironment falling 10.78%, Arm dropping 7.22%, Palantir losing 6.98%, Tempus AI sliding 5.88%, and CoreWeave declining 5.65%. It is reported that MSX is a leading RWA trading platform that has listed hundreds of RWA tokens, covering popular U.S. stocks and ETF token targets such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Odaily Planet Daily News: Polymarket has been appointed as the exclusive predictive market partner for the German Football Bundesliga in the US market.

Polymarket stated that official event prediction contracts related to the Bundesliga and its clubs are now live, allowing users to engage in prediction trading on related matches and events. (The Block)

Odaily Odaily reports that Morgan Stanley's Chief Investment Officer and Chief U.S. Equity Strategist Mike Wilson stated that liquidity, rather than interest rate hikes, is the main risk facing the U.S. stock market in the near term. He noted that the size of the Reserve Management Plan has declined by about 75% from its peak, and the scale of Treasury buybacks has also shrunk by 50%. Wilson expects U.S. stock market trends in July to be volatile and could see a pullback, with the next leg of a profit-driven bull market being delayed until after liquidity headwinds clear. (Jin10)

According to an announcement by the U.S. Commodity Futures Trading Commission (CFTC), the CFTC has formally solicited public comments on two issues related to the energy derivatives market, including extending standard futures contract trading hours to 24/7 and launching perpetual contracts based on storable energy commodities such as crude oil.

CFTC Chairman Michael S. Selig stated that this initiative aims to gather data-driven market feedback to better assess the impact of related innovations on the market, supporting innovation while safeguarding the market against manipulation and disruption.

This request for comments primarily covers two aspects: first, extending standard futures contracts to round-the-clock trading while retaining a fixed maturity date mechanism; second, studying the feasibility of perpetual contracts involving physically delivered energy commodities. Comments must be submitted within 30 days following publication in the Federal Register.