1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: 4.61%
ETH: 9.01%
BNB: 3.86%
SOL: 10.04%
DOGE: 9.14%
PEPE: 12.32%
PIVX: 15.5%
SUI: 15.13%
UNI: 9.34%
TKO: 13.19%
24 H increase list (data source: OKX):
LQTY: 22.21%
WIF: 19.33%
RIO: 17.23%
MOONDENG: 16.51%
VRA: 16.38%
PENGU: 15.83%
NAVX: 15.12%
MORPHO: 15.12%
FET: 14.77%
BICO: 14.34%
2. Top 5 popular memes on the chain (data source: GMGN ):
TRUMPE
POSE
Fartco
BUNK
BCWIF
3. 24-hour hot search currencies
VERNUS: Focusing on people-centric publishing platform token, the core narrative emphasizes the difference between humans and machines, verifies the authenticity of content through blockchain, and enhances human originality and the ability to distinguish machine content in the field of content creation and payment.
Headlines
Fed Governor Bowman hints: May support rate cut in July
If inflation pressures are contained, I would support lowering the policy rate as quickly as possible at our next meeting to move it closer to neutral and sustain a healthy labor market, said Fed Governor Bowman, who has been very focused on inflation risks over the last year. She said she thinks tariffs could lead to small and one-time increases in prices because she expects economic weakness to grow this year. She described the labor market as solid and expected to be close to full employment. But she cited evidence of fragility -- weakening labor market dynamism, slowing economic growth and a narrow concentration of job gains -- as evidence that the Fed is taking the downside risks to our future employment mandate more seriously. It was Bowmans first substantive comments on the economic outlook since Trumps election, and the Senate confirmed her as vice chair of supervision this spring.
Texas Senate Bill SB 1498 automatically took effect on June 20, 2025, and will be officially implemented on September 1. The bill authorizes the state government to confiscate digital assets related to specific criminal offenses, including cryptocurrencies, stablecoins, and NFTs, and include them in the civil asset forfeiture system.
ECB President Lagarde: EU lawmakers should pave the way for digital euro
European Central Bank President Christine Lagarde on Monday again called on European lawmakers to pass legislation to pave the way for the launch of a digital euro. Lagarde said: A legislative framework should be established quickly to pave the way for the possible introduction of a digital euro. By making the right policy choices, we can take advantage of the current momentum and boost the economic prospects of Europe and its citizens.
Texas allocates $10 million to establish Bitcoin reserve, becoming the first in the United States
Texas has officially allocated $10 million to purchase Bitcoin, becoming the first state to set up an official Bitcoin reserve and actually allocate funds. The relevant reserve will be managed independently of the states finances, and according to the supporting bill HB 4488, the Bitcoin held shall not be counted as general fiscal revenue. In contrast, Arizona and New Hampshire have authorized similar reserves, but have not yet actually allocated funds.
Industry News
Three former Coral Capital Holdings executives, Patrick Horsman, Joshua Kruger and Johnathan Pasch, are moving forward with a plan to raise $100 million to buy and hold BNB through a Nasdaq-listed company they control.
Sources revealed that the company will be renamed Build Build Corporation after the fundraising is completed, and will officially start building a company treasury with BNB as the core. If successfully implemented, it will become the first listed company with BNB as its core reserve asset.
Brazilian listed company Méliuz spent $28.61 million to purchase 275.43 Bitcoins
Israel Salmen, CEO of Brazilian listed technology company Méliuz SA (CASH 3), wrote that after the company completed the latest round of stock issuance, it spent $28.61 million to purchase 275.43 bitcoins at an average price of $103,864. The total holdings are currently 595.67, and the overall average purchase price is $102,702.84.
According to an official announcement, Eyenovia, Inc. (NASDAQ: EYEN) announced the completion of a $50 million private placement financing and the purchase of more than 1 million HYPE tokens, becoming the first company listed on the Nasdaq in the United States to hold HYPE tokens.
Unicoin plans to acquire a majority stake in Diamond Lake and start altcoin reserve strategy
Unicoin, which is facing SEC charges, announced that it will acquire 51% of Diamond Lake and plans to rename it DiamondLake, launching a strategy similar to Strategys altcoin reserve strategy. Analysts pointed out that this move may be intended to bet on the trend of tokenization of real assets and promote the process of token assetization by taking advantage of legislation. The transaction value is expected to exceed US$70 million and is expected to be completed within 20 days.
According to official news, Sequans Communications SA (NYSE: SQNS), a developer and supplier of 5G/4G IoT semiconductors and modules, announced today that it will launch a Bitcoin Treasury plan, marking its strategic expansion beyond its core cellular IoT semiconductor business. To advance the plan, the company has reached an agreement to issue and sell approximately $195 million in equity securities and $189 million in principal convertible secured bonds through private placement, with a total financing scale of approximately $384 million.
Project News
Fiserv plans to launch stablecoin FIUSD this year and establish cooperation with Circle and PayPal
Fiserv, a US fintech company, announced that it will launch the stablecoin FIUSD this year and plans to integrate it into existing banking and payment infrastructure. FIUSD will be based on the stablecoin technology provided by Paxos and Circle, and will cooperate with PayPal. In the future, it will realize the interoperability between FIUSD and PayPal USD (PYUSD), supporting users to transfer money at home and abroad.
According to the official blog of Magic Newton Foundation, Newton Protocol (NEWT) has announced the token economics, with a total supply of 1 billion and an initial circulation of 215 million (accounting for 21.5%). 60% of them are allocated to community categories, including ecological incentives, network rewards, liquidity, ecological growth funds, ecological development funds and foundation treasury to support protocol development and decentralization. 40% are allocated to internal categories, including core contributors, early investors and Magic Labs, and the relevant allocations have lock-up and vesting periods.
It was officially announced that NEWT TGE and airdrop will be launched on June 24, and another 0.9% of the supply will be used as Kaito rewards. The Kaito snapshot time is 7:59 UTC on June 20, 2025.
According to official news, 1inch announced the launch of five bug bounty programs to encourage the community to make responsible vulnerability disclosures, mainly targeting 1inch smart contracts ($500,000 reward), 1inch wallets ($100,000 reward), 1inch developer portals ($100,000 reward), dApps ($50,000 reward) and infrastructure ($20,000 reward).
Fintech company Fiserv announces launch of stablecoin and digital asset platform this year
Financial technology company Fiserv announced on Monday (June 23) that it will launch a stablecoin and digital asset platform for its customers by the end of 2025. After the news was announced, Fiserv stock rose in pre-market trading and is now trading at $171.
Regulatory trends
Nano Labs, a Nasdaq-listed crypto mining chip manufacturer, plans to apply for Hong Kong dollar and offshore RMB stablecoin-related licenses and cooperate with other institutions to conduct business after the Hong Kong Stablecoin Ordinance comes into effect. The company will also develop a technical framework based on Bitcoin and BSC to support the development of the stablecoin ecosystem. The ordinance will officially take effect on August 1, 2025, and aims to strengthen Hong Kongs position in the global digital asset field.
Romania’s new government plans to tax cryptocurrency gains
Romania’s new government plans to tax cryptocurrency gains and income from social media platforms.
Hong Kong Financial Secretary Paul Chan said in a speech at a forum on June 21, Recently, the market has shown great interest in digital assets, especially the issuance of stablecoins, which has aroused heated discussions. As an international financial center, Hong Kong must continue to reform and innovate to continuously enhance our competitive advantages. We embrace the development of digital assets and have accelerated the improvement of the relevant legal and regulatory framework in recent years. For example, the licensing system for virtual asset trading platforms has issued 10 licenses and is reviewing another eight applications. We have also just completed the legislation of stablecoins, which will come into effect on August 1, making Hong Kong one of the first jurisdictions in the world to establish a statutory regulatory framework for stablecoins.
Investment and Financing
Crypto venture capital fund Frachtis completes $20 million fundraising
The former Chorus One executive team has established a new crypto venture capital fund, Frachtis, which focuses on the intersection of blockchain and artificial intelligence and has raised $20 million. Frachtis will invest in decentralized infrastructure, middleware and consumer applications, and has currently deployed eight projects including Hyve, Turtle.Club and Bless network. The funds limited partners include Chorus One, cyber•Fund, RockawayX and Theta Blockchain Ventures.
Decentralized exchange GTE completes $15 million Series A financing, led exclusively by Paradigm
Paradigm recently announced that it has exclusively led a $15 million Series A round for the decentralized trading platform GTE (Global Token Exchange). The platform calls itself the worlds fastest DEX and aims to challenge the performance of centralized exchanges such as Binance and Coinbase.
GTE co-founder Enzo Coglitore said that the platform is built on a central limit order book (CLOB), and the order matching delay is comparable to that of centralized exchanges, but it still maintains core features such as decentralization, permissionless, composable and non-custodial, and is committed to solving the current common problems of DEX such as high order delays and high transaction costs.
Paradigm partners Charlie Noyes and Caitlin Pintavorn said they are optimistic about the GTE team and technology combination, and believe that it has the potential to compete with centralized exchanges and AMM protocols (such as Uniswap and PancakeSwap). GTE is currently built on the EVM-compatible public chain MegaETH. Its test network was launched at the beginning of the year and has attracted about 700,000 users to participate in the test.
Blueprint Finance announces $9.5 million in funding led by Polychain Capital
DeFi startup Blueprint Finance announced the completion of a $9.5 million financing led by Polychain Capital, with participation from YZi Labs and VanEck. Blueprint aims to simplify the lending process of crypto assets, and has launched Concrete, a lending product that supports EVM chains, and Glow, an integrated platform based on Solana. Blueprint plans to use the new funds for recruitment, technology development, and market expansion. The company has raised a total of $17 million.
Crypto investor Anthony Pompliano announced that his ProCap BTC will merge with Nasdaq-listed SPAC Columbus Circle Capital Corp I (code: CCCM) to form ProCap Financial, a Bitcoin-native financial services company with a valuation of $1 billion. Pompliano has completed $750 million in financing, setting a record for the highest initial fundraising in the history of Bitcoin-related listed companies. The new company will hold Bitcoin assets and develop products and services around it.
DeFi infrastructure company Veda completes $18 million financing, led by CoinFund
DeFi infrastructure company Veda announced the completion of $18 million in financing, led by CoinFund. The company aims to simplify DeFi returns across blockchain applications and institutions. The new funds are intended to be used to support its platform to enable applications and institutions to provide simplified crypto income products, including a modular vault framework that allows developers to create smart contracts to manage income strategies without exposing users to the complexity of DeFi.
Character Voice
Feds Goolsbee: If the impact of trade policy disappears, we should continue to cut interest rates
Feds Goolsbee: If the impact of trade policy disappears, we should continue to cut interest rates.
CryptoQuant analyst: Bitcoin risks persist and may reverse quickly
CryptoQuant analyst Julio Moreno wrote on the X platform that Bitcoin risks persist after the Iranian bombing.
The Bull-Bear Rating Index dropped to 40, entering the bearish zone. However, some indicators are on the verge of bullish and bearish, and may reverse quickly. It needs to be closely watched.
CZ responded to the plan of several former hedge fund executives to raise $100 million to build a BNB Treasury Strategy listed company in a post on the X platform: There are other markets in the world. I have heard that several companies are doing this. So far, none of them are led by me/us. But we are very supportive.
BNB is a native token of a public blockchain and is not a token associated with Binance Holdings Ltd or the Binance centralized exchange.
On-chain analyst @arndxt_xo pointed out in a post that Bitcoin is currently in a non-correlated window period similar to February 2025, with prices hovering in the 100-108K range. BTC price trends are not yet synchronized with macro liquidity, but historical data show that the direction of changes in the M2 money supply of major central banks around the world leads BTC performance in 80% of cases.
The year-on-year growth rate of M2 has turned from negative to positive. In addition, many Fed officials have hinted at a rate cut as early as July, and the FOMC dot plot also supports a rate cut this year. In terms of technical structure, BTC has confirmed a golden cross, and the weekly trend is still there; if it breaks through 108 K, it is expected to rise to 133 K. If liquidity continues to improve and usher in a policy shift, Q4 may become a key window for BTCs upward momentum.
Matrixport released todays chart, saying that although Bitcoin has attempted to rebound, from the seasonal pattern (see the daily chart on June 2), the possibility of a sustained breakthrough is not high. To maintain the current trend structure, Bitcoin needs to hold the key support level of $105,000.
At present, the price of Ethereum is mainly driven by futures market positions. Due to the lack of fundamental support, the trend is more vulnerable to downside risks. The rapid correction in the past few days is a direct reflection of the imbalance of the leverage structure.
Considering that the leverage level is still high, there is still a risk of further decline in the future, and we need to be wary of the continued selling pressure brought about by this in the short term.
