Economic Observer published an article "How to Break the Deadlock of Offshore Renminbi Stablecoin in Hong Kong", pointing out that the implementation of the Hong Kong Stablecoin Regulations in August may indicate that the trial of offshore Renminbi (CNH) stablecoin is approaching. Referring to the experience of the Renminbi business pilot in 2003, the implementation of CNH stablecoin can be promoted in three stages:

South Korean digital asset exchange Upbit announced that due to cooperation bank system maintenance, the registration and cancellation services for Korean won accounts will be suspended from 23:50 on June 24, 2025 to 00:40 on June 25 (approximately 50 minutes).During the maintenance period, other trading functions will operate normally, and the specific resumption time may be adjusted according to the actual situation.

when Hong Kong Financial Secretary and Treasury Secretary Christopher Hui attended the Lujiazui Forum in Shanghai and was asked about the possibility of stablecoins being pegged to the RMB, he pointed out that from the perspective of Hong Kong regulations, this possibility is not ruled out. The law allows stablecoins to be pegged to different legal currencies, but pegging to the RMB must consider the country's exchange rate and monetary policy, and requires a comprehensive assessment of the risks and benefits involved.

 on June 20th, according to the official website of Jump Crypto, the institution announced a fresh start, emphasizing its core contributions in projects such as Pyth, Wormhole, Firedancer, DoubleZero, and demonstrating its "construction driven by transactions" strategic logic. Jump stated that it will focus on both infrastructure and policy making, submitting a comment letter to the US SEC for the first time, calling for reforms in digital asset regulation. The official stated that the current policy and technical environment resonate, making it the "best time to reshape the financial market infrastructure".

Tether CEO Paolo Ardoino recently announced that in response to the massive data leak of 16 billion passwords, the Tether team is developing an open-source password manager called PearPass. The core concept of PearPass is complete localization and no need for cloud or server.

conflict between Israel and Iran continues, Israel has repeatedly called on US President Trump to join the military strike against Iran. However, recently, heavyweight supporters of Trump have expressed a "anti-war" stance, emphasizing that Trump had promised not to involve the US in foreign conflicts during his campaign. White House press secretary Levitt said on June 19th local time that President Trump "will decide in the next two weeks whether the United States will intervene in the conflict between Israel and Iran." Levitt quoted Trump as telling reporters, Trump said "Given the high likelihood of negotiations with Iran in the near future, I will decide whether to intervene in the next two weeks."

Bitwise CEO Hunter Horsley wrote on the X platform that in the past, "regulatory uncertainty" was the biggest obstacle for investors in Bitcoin. By 2025, the situation is completely different, which is a huge change, but the impact on the market has not yet fully manifested.

according to TASS, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated at the St. Petersburg International Economic Forum that only about 30% of cryptocurrency miners are currently registered with the Federal Tax Service, achieving compliance. The remaining two-thirds of miners are still in the "gray zone", and the authorities will continue to promote the registration system for the mining industry, pushing for comprehensive "whitening" of the industry.

 President Trump will hold a U.S. National Security Council meeting on Friday morning at 11 a.m. Eastern Time (11 p.m. Beijing Time), and the market may experience fluctuations. 

Bitcoin on-chain transaction activity has dropped to the lowest level in a year and a half, with the 7-day moving average transaction volume falling to 316,000 transactions last week, currently slightly rebounding to around 350,000 transactions, far below the peak of 700,000 transactions in mid-2024. The speculative frenzy surrounding Bitcoin native protocols like Runes and Ordinals has subsided, with traders' interest shifting to other blockchain ecosystems.

Latest market data shows that Gate platform currency GateToken (GT) has expanded its 24-hour gain to 10.62%, now trading at $17.158.

CoinList will start the Pipe Network (PIPE) token sale on June 27th. The PIPE FDV is 4.5 billion US dollars, with a total sales volume of 30 million tokens. The token price is divided into 0.25 US dollars and 0.2 US dollars, with a purchase limit of a minimum of 100 US dollars and a maximum of 2.5 million US dollars.

according to Whale Alert monitoring, 2 minutes ago, USDC Treasury destroyed 60 million USDC on the Ethereum blockchain.

 Plasma is preparing to launch its mainnet "late summer" this year. This is a blockchain optimized for stable coins. Plasma founder and CEO Paul Faecks said that the blockchain will be able to support "the largest stable coin scale" when it goes live. 

OKX market data shows that BTC has fallen below 104000 USDT, now trading at 103999.9 USDT, with a 24-hour decline of 0.42%.

Jupiter DAO announced that it will suspend voting until the end of 2025, and the Active Staking Reward (ASR) will be postponed accordingly. All stakers can still receive rewards.

according to CCTV News, on June 19th local time, Gref, Chairman of the Board of Directors and CEO of Sberbank of Russia, stated that against the backdrop of easing relations between Russia and the United States, the bank is currently in talks with American partners, but it is currently only "exploratory contact". As for specific cooperation projects, "there are currently no plans". Gref also stated that the overall situation of the Russian banking industry is "good", and there are currently "no signs of any banking crisis", but he admitted that annual profits will decline.

On June 20th, according to GLC Research data, since Aave DAO launched the AAVE token buyback and fee conversion, it has been two months, and the protocol has consistently adhered to its plan to buy back $1 million USD every week. As of today, Aave DAO has repurchased 50,000 AAVE tokens at a total cost of $10 million USD, with an average purchase price of $199.74 USD. Based on the current market price of $264 USD, this reserve fund is now worth approximately $13 million USD.

Arkham posted on the X platform that BlackRock purchased over $750 million worth of ETH in June this year and did not sell.

according to Onchain Lens monitoring, a whale withdrew 303.36 bitcoins worth about $31.66 million from Deribit 6 hours ago.