Important information last night this morning (June 9-June 10)

**Crypto Investment Startup Parataxis Holdings Plans to Go Public via SPAC Transaction**  

PANews, June 10 – According to BUSINESS WIRE, Bitcoin-focused investment startup Parataxis Holdings LLC plans to go public through a merger with special purpose acquisition company (SPAC) SilverBox Corp IV. The two parties announced the signing of a non-binding letter of intent on Monday, marking another cryptocurrency-related firm's move to enter the public market. The transaction is subject to customary procedures such as due diligence, final agreement signing, and regulatory approval.  

**Virtuals Launches Smart Contract Audit Agent 'IRIS,' Allocating 50% of Token Supply to Ethereum Community**  

PANews, June 10 – everythingempty, co-founder of Virtuals Protocol, announced on platform X that Virtuals, in collaboration with the Nethermind team, has launched IRIS on the Ethereum L1 mainnet. IRIS is an autonomous, public-interest smart contract audit agent. 50% of all IRIS tokens will be directly allocated to the Ethereum community, with no tokens reserved by the team. Staking will continue on the Base chain, while the token generation event (TGE) will take place on the Ethereum mainnet.  

**Trader Makes Over $10 Million in Floating Profits from 4x Leveraged Long Position on HYPE**  

PANews, June 10 – As HYPE nears an all-time high, an Onchain Lens monitor shows a trader has secured over $10 million in floating profits from a 4x leveraged long position on HYPE.  

**Bitcoin Core Development Team Schedules OP_RETURN Change for October**  

PANews, June 10 – Protos reports that the Bitcoin Core development team has announced plans to modify the default OP_RETURN settings in the October-released Core 30 version, increasing the data carrier limit from 80 bytes to nearly 4MB. This decision signals a阶段性 victory (phased victory) for the reformist camp led by Antoine Poinsot in their long-standing dispute with conservatives like Luke Dashjr. While the new version will allow node operators to manually restore smaller data limits, analysts note most nodes will retain the default settings. Conservatives criticize the move for deviating from Bitcoin’s original design as a value transfer network, potentially turning the blockchain into a data storage platform. Reformists argue moderate scaling helps expand Bitcoin’s functionality and has made compromises allowing parameter adjustments. The change is expected to impact the on-chain data storage ecosystem but will not alter Bitcoin’s basic transaction verification mechanism.  

**U.S. Senate Majority Leader John Thune Aims to Push Stablecoin Bill Through This Week**  

PANews, June 10 – Politico reports that U.S. Senate Majority Leader John Thune said Monday Senate Republicans are striving to pass a landmark stablecoin bill this week, which would establish new rules for U.S. dollar-pegged digital tokens. Thune stated efforts are underway to find a path for amendments, with the goal of bringing the bill to a full Senate vote this week. On Monday, Thune submitted a motion to end debate on the bill, with the earliest possible procedural vote on the motion scheduled for Wednesday. Republican leaders have sought to reach agreement on amendments to expedite the final vote, but progress has been hindered by Kansas Senator Roger Marshall’s push for a vote on controversial legislation to combat credit card swipe fees.  

**Crypto Funds Reach All-Time High AUM of $167 Billion in May**  

PANews, June 10 – Reuters reports that assets held by crypto funds hit an all-time high in May. Data from Morningstar on 294 crypto funds shows they attracted $7.05 billion in net inflows last month, the highest since December, bringing total assets under management to a record $167 billion. In contrast, Lipper data shows global equity funds saw $5.9 billion in net outflows in May, while gold funds recorded their first net outflow in 15 months at $678 million. Analysts note investors are increasingly viewing cryptocurrencies as part of diversified portfolios rather than just high-risk assets. Concerns about U.S. investment prospects and expectations of a weaker dollar have driven capital into cryptocurrencies.  

**CICC: Stablecoins Can Bridge the Divide Between Centralized Fiat and Digital Currencies in the Long Term**  

PANews, June 10 – Jinshi reports that CITIC Construction Investment (CICC) has stated an increasing number of payments are fleeing the U.S.-dollar-dominated centralized monetary system for digital payment systems (such as Bitcoin) in recent years. Stablecoins are "dual-faced" currencies combining features of centralized and digital money. Policies to promote stablecoin development should focus on strengthening their stability mechanisms to enhance market "trust consensus" – the recent focal point of stablecoin regulatory policies. In the short term, comparing the total scale of stablecoins with U.S. dollars and Treasuries, stablecoin growth is unlikely to drive large-scale capital inflows into dollars or Treasuries. Long-term,稳健发展 (stable development) of stablecoins could first allow fiat currencies (e.g., the dollar) to ride the coattails of Bitcoin’s market cap expansion and second clothe fiat in a stablecoin digital外衣 (outer layer), bridging the divide between centralized credit money and digital currencies.  

**SEC Chair Says 'Innovation Exemptions' for DeFi Platforms Are in the Works**  

PANews, June 10 – CoinDesk reports that U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins said at a crypto roundtable that the SEC is developing "innovation exemption" policies for DeFi platforms. Atkins stated he has asked staff to study rule changes to provide regulatory exemptions for on-chain financial systems, allowing SEC-regulated entities to quickly launch on-chain products. Hester Peirce, head of the SEC’s crypto task force, emphasized that publishers should not be held liable for others’ use of code, but centralized entities cannot evade regulation through "decentralization" labels. With SEC Republican commissioners currently holding a 3:1 majority, more crypto-friendly policies are being pushed. Atkins noted that blockchain technology enables financial transactions without intermediaries, and the SEC should not hinder such innovation.  

**Whale Who Opened $10 Million USDC Long Position on BTC Yesterday Now Has $5.87 Million in Floating Profits, Position Value Reaches $250 Million**  

PANews, June 10 – On-chain analyst Yujin’s monitor shows that as BTC surged above $110,000, a whale who openly opened a long position on BTC using 10 million USDC yesterday now has $5.87 million in floating profits. The whale has been increasing their position since 5 PM yesterday and continues to do so. Their BTC long position is now worth $250 million, consisting of 20x leverage on 2,276 BTC, with a position value of $250 million, an opening price of $107,637, and a liquidation price of $105,110. Current floating profits stand at $5.87 million.  

**BlackRock’s Spot Bitcoin ETF Becomes Fastest Fund to Surpass $70 Billion AUM, Breaking Gold’s Previous Record**  

PANews, June 10 – The Block reports that Bloomberg ETF analyst Eric Balchunas said BlackRock’s Bitcoin ETF, IBIT (the largest of its kind), took just 341 trading days to surpass $70 billion in assets, making it the fastest ETF to reach this milestone—five times faster than the previous record holder, GLD (1,691 days). GLD, the SPDR Gold Trust, listed on the NYSE in November 2004 and is the world’s largest physically-backed gold ETF with approximately $100 billion in AUM. BlackRock launched its spot Bitcoin ETF in January 2024. Arkham Intelligence data shows the fund held 2.8% of Bitcoin’s total supply in April. The asset manager holds Bitcoin on behalf of clients but does not own the cryptocurrency itself.  

**Latest Version of House-Pending 'Digital Asset Market Clarity Act' Adds Software Developer Protections**  

PANews, June 10 – The Block reports that the latest version of the "Digital Asset Market Clarity Act" pending in the U.S. House Financial Committee includes new protective clauses for software developers. The clauses clarify that non-custodial crypto platforms and their developers are not "unlicensed money services businesses," drawing from the "Blockchain Regulatory Certainty Act" reintroduced last month by Republican Rep. Tom Emmer and Democratic Rep. Ritchie Torres. The amendment would establish a digital asset regulatory framework, clarify regulatory roles between the SEC and CFTC, and require crypto companies to disclose client information and segregate client funds. Organizations like Coin Center and the DeFi Education Fund have jointly endorsed the clauses, stating they protect P2P technology developers while maintaining oversight of custodial institutions. The committee will debate the bill at 10 AM ET on June 10, but progress faces Democratic resistance, with some lawmakers expressing concerns about former President Trump’s involvement in crypto. Last month, technical consultations between Democratic staff and the SEC collapsed after the agency "failed to answer basic questions."  

**Uphold Considers IPO or Sale, Reportedly Seeking Valuation Over $1.5 Billion**  

PANews, June 10 – The Block reports that digital asset trading platform Uphold is considering a potential initial public offering (IPO) or sale. CEO Simon McLoughlin revealed the board has appointed FT Partners to explore strategic options, including a U.S. IPO or sale to another company. He noted multiple banks and financial institutions are interested in Uphold, with a merger or acquisition also on the table. While McLoughlin did not disclose the valuation, sources say it exceeds $1.5 billion. Uphold’s CEO stated that a potential IPO or sale requires in-depth analysis, and a Nasdaq listing could be beneficial if acquiring other companies. He highlighted the company’s rapid growth, with industry mergers increasing as its revenue is projected to rise from $80 million in 2022 to over $300 million this year.  

**Paraguay President’s X Account Hacked, Posts Fake News About Making Bitcoin Legal Tender**  

PANews, June 10 – Reuters reports that Paraguayan President Peña’s X account was疑似遭黑客入侵 (suspected to have been hacked) on Monday local time. The account posted an English message with a Spanish government statement claiming the country would adopt Bitcoin as legal tender and launch a $5 million Bitcoin reserve fund. The Paraguayan government later issued an official statement noting abnormal activity on the president’s account, possibly due to unauthorized access, and urged the public not to believe the posts until official confirmation. Paraguay’s national cybersecurity team is collaborating with platform X to investigate the incident.  

**CANARY STAKED INJ ETF and CANARY MARINADE SOLANA ETF Registered in Delaware**  

PANews, June 10 – Market sources indicate that both the CANARY STAKED INJ ETF and CANARY MARINADE SOLANA ETF have been registered in Delaware.  

**Coinbase International to List Fartcoin Perpetual Contract Trading Pairs**  

PANews, June 10 – Coinbase International announced it will list Fartcoin ($FARTCOIN) perpetual contracts on June 12, 2025, at 17:30 (UTC+8) for the Coinbase International Exchange and Coinbase Advanced, allowing users to trade with leverage.  

**KULR Plans to Raise $300 Million via Private Placement to Expand Bitcoin Holdings**  

CoinDesk reports that NYSE-listed company KULR announced it will raise up to $300 million through a "at-the-market" (ATM) stock offering underwritten by Cantor Fitzgerald, earmarked for purchasing additional Bitcoin, working capital, and R&D. Since late 2024, KULR has adopted Bitcoin as its primary reserve asset, currently holding 920 BTC, and has continuously expanded its position through mining and market purchases.  

**Telegram Founder: TON Becomes World’s Top NFT Chain by On-Chain Trading Volume**  

Telegram founder Pavel Durov announced that the price of collectible gifts on the Telegram platform has multiplied in the past 30 days, driving a surge in NFT activity on the TON chain. TON has now become the blockchain with the highest daily NFT on-chain trading volume globally, second only to Ethereum when excluding off-chain transactions.  

**Tron Chain Stablecoins Surge by $1.04 Billion in 7 Days, Solana Sees $99 Million Outflow**  

Lookonchain data shows that over the past seven days, the total supply of USDT and USDC on the Tron chain increased by $1.04 billion, the highest among all public chains. Ethereum and Avalanche saw increases of $776 million and $225 million, respectively. The Solana chain experienced a $99 million net outflow, the largest decline among the top 15 public chains.  

**Bridgewater Founder Ray Dalio: U.S. in Stage 5 of 'Big Cycle,' Approaching Civil War Threshold**  

Bridgewater founder Ray Dalio wrote that the U.S. is currently in Stage 5 of the "big cycle" defined in his *Principles for Dealing with the Changing World Order*—the eve of worsening economic deterioration and social conflict—and is approaching Stage 6, civil war or system collapse. Dalio warned that fiscal imbalances, wealth gaps, and extreme politics form a "toxic combination," requiring strong peaceful leadership to rebuild the system and avoid violent disruption.  

**Rune Continues Repurchasing SKY, Using 630,000 USDS to Buy 8.29 Million SKY**  

Yujin reported that Rune, co-founder of Sky (formerly MakerDAO), transferred 2 million USDS to a repurchase address 30 minutes ago and used 300,000 USDS to buy 3.96 million SKY. Since June 4, a total of 630,000 USDS has been used to repurchase 8.29 million SKY at an average price of approximately $0.076.  

**Canadian Listed Company Belgravia Hartford Buys 4.86 BTC for $500,000**  

Belgravia Hartford Capital, a Canadian stock exchange-listed investment issuer, announced its first Bitcoin purchase: 4.86 BTC bought for $500,000 at an average price of approximately $102,848. The company also disclosed it held C$44.13 million in carryforward non-capital losses as of 2023 and will explore monetization options to support its Bitcoin reserve strategy and balance sheet optimization. Last week, it was reported that Belgravia Hartford secured a $5 million credit facility specifically for Bitcoin purchases.  

**Aave Lending Volume Breaks $16 Billion, All-Time High**  

Aave’s official Twitter account announced that total lending volume on the platform has exceeded $16 billion, a new all-time high.  

**User Pays 39.15 ETH in Gas Fees to Preemptively Participate in Plasma Staking**  

On-chain data shows a user paid 39.15 ETH (approximately $99,467) in gas fees to stake $10.17 million USDC on Plasma, becoming the first staking address. In contrast, the top address deposited $50 million USDC with only ~$7.16 in gas fees.  

**U.S. Major Stock Indices Open Slightly Higher, Circle Jumps Over 20%**  

U.S. stocks opened with the Dow up 0.02%, the S&P 500 up 0.12%, and the Nasdaq up 0.22%. Tesla (TSLA.O) fell 3% after multiple investment banks downgraded its rating, losing nearly 15% last week. Circle (CRCL.K), the "first stablecoin stock," continued last week’s rally, surging over 22%. MSTR and COIN rose slightly over 2%.  

**Plasma Public Token Sale Sells Out $500 Million Allocation in Minutes**  

Plasma’s public token sale saw its $500 million allocation fully subscribed within minutes.  

**Crypto Wallet Infrastructure Firm Turnkey Closes $30 Million Series B Funding, Led by Bain Capital Crypto**  

Fortune reports that Turnkey, a crypto wallet infrastructure company founded by former Coinbase employees, has closed a $30 million Series B funding round led by Bain Capital Crypto, with participation from Lightspeed Faction and Galaxy Ventures. Turnkey will use the new funds to expand its current 35-person team, focus on strengthening engineering capabilities, and promote the adoption of its API wallet solutions.  

**KULR Buys 118.6 BTC for $13 Million, Total Holdings Reach 920 BTC**  

KULR CEO Michael Mo revealed the company recently purchased 118.6 BTC for approximately $13 million at an average price of ~$107,861. As of June 5, KULR holds a total of 920 BTC, with a total investment of ~$91 million and a year-to-date Bitcoin yield of 260%.  

**BitMine Makes First 100 BTC Purchase to Launch Corporate Reserve Strategy**  

GlobeNewswire reports that BitMine Immersion Technologies announced the purchase of 100 BTC on the open market with proceeds from a recent stock offering, officially launching its Bitcoin reserve strategy. The company stated it will continue to accumulate Bitcoin in the future as a long-term investment and core business pillar.  

**Tether Plans to Open-Source Bitcoin Mining OS MOS in Q4 2025**  

Tether CEO Paolo Ardoino disclosed that Tether is advancing plans to open-source its Bitcoin mining operating system, MOS, with a target launch in Q4 2025. MOS features a modular, IoT architecture and high scalability, supporting deployments from Raspberry Pi to million-miner fleets. It aims to provide small and medium mining enterprises with a platform to compete fairly with listed companies while reducing reliance on third-party software. In the future, it will also integrate Tether’s AI analysis tool QVAC.  

**Binance: Users with 198+ Alpha Points Can Claim 61 SERAPH Airdrop**  

Binance announced that Seraph (SERAPH) has launched on the Alpha platform. From June 9, 20:00 (UTC+8), users with 198+ Alpha points can claim a 61 SERAPH airdrop on the Alpha Events page. Claims must be completed within 24 hours, and no points will be deducted.  

Strategy purchased 1,045 bitcoins last week at a cost of $110 million.  

According to the company's Form 8-K filing, Strategy (formerly MicroStrategy) acquired 1,045 BTC between June 2 and 8 for approximately $110.2 million, at an average price of $105,426. As of June 8, the company holds a total of 582,000 bitcoins, with a total investment of approximately $40.79 billion and an average purchase price of $70,086.  

ProShares and Bitwise apply to launch double-leverage and income-focused CRCL ETFs tracking Circle.  

Bloomberg analyst Eric Balchunas said Circle Internet Group (CRCL), which went public last Thursday, will see two ETFs based on its stock: ProShares plans to launch the Ultra CRCL ETF with 2x leverage, while Bitwise intends to introduce a CRCL income ETF focused on the Covered Call strategy. Both are expected to take effect on August 20, 2025.  

Japanese fashion brand ANAP plans to hold over 1,000 bitcoins by August.  

ANAP Lightning Capital, a subsidiary of Japanese fashion brand ANAP, has launched a "bitcoin business" and plans to strategically hold over 1,000 BTC by the end of August 2025 as part of its financial strengthening efforts. The company will also engage in BTC trading, related products, and technology businesses, aiming to become a global leading comprehensive bitcoin enterprise.  

Australia busts $123 million crypto money laundering case, charges four people.  

From June 5 to 6, the Australian Federal Police, in conjunction with multiple agencies, carried out 14 raids in Brisbane and the Gold Coast, dismantling a money laundering network suspected of converting $190 million in cash into crypto assets through an armored car transport company. The涉案公司 (company involved) is suspected of masking fund sources through cryptocurrencies, antique car transactions, and shell companies. Four people have been charged, including a Brisbane man accused of laundering $9.5 million. A total of $170,000 in crypto assets, 17 properties, crypto wallets from crypto devices, and business records and documents related to the suspected money laundering scheme were seized, with the investigation ongoing.  

Tether mints 1 billion USDT on Tron chain for inventory replenishment.  

Whale Alert monitored that at 17:21 Beijing time, Tether Treasury minted 1 billion USDT on the Tron chain. Tether CEO Paolo Ardoino said the transaction is for inventory replenishment, classified as "authorized but not issued," to meet future issuance requests and on-chain redemptions.  

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