Daily Report | Israel officially announces strikes against Iran; the U.S. SEC formally abolishes the harsh proposals regarding DeFi and custody put forward during the tenure of former chairman Gary Gensler
June 13 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Israel officially announces strikes against Iran
- SharpLink Gaming, which previously implemented ETH reserve strategy, sees stock price drop over 70%
- Iran: Israel and the U.S. will pay a heavy price
- U.S. SEC officially withdraws harsh proposals on DeFi and custody introduced during Gary Gensler's chairmanship
- Binance announces SGC TGE participation threshold, requiring 240 Alpha points
- Iran to initiate a process to eliminate the Israeli regime
- Chan Mo Po: Hong Kong will issue its second policy declaration on digital asset development in June
- Iranian government: Attacks cannot happen without U.S. coordination and permission
- Leung Fung Yi: The Hong Kong Securities and Futures Commission is actively building a virtual asset ecosystem, with the next step being the regulation of virtual asset OTC trading and custody institutions
- Walmart and Amazon are planning to issue their own stablecoins
"What important events happened in the past 24 hours"
Israel officially announces strikes against Iran
According to Jinshi, Israeli Defense Minister Katz stated that after Israel's attack on Iran, missile and drone strikes against Israel and its civilians are expected in the near future.
SharpLink Gaming, which previously implemented ETH reserve strategy, sees stock price drop over 70%
According to Coindesk, SharpLink Gaming's stock plummeted about 70% in after-hours trading on Thursday after submitting new documents to the U.S. SEC.
It was reported that the company submitted an S-3ASR registration statement, allowing the resale of up to 58,699,760 shares related to its private equity investment (PIPE) financing for more than 100 shareholders. The market initially believed that the statement indicated PIPE investors had sold their holdings, but board chairman Joseph Lubin stated on the X platform that the market "misread" the S-3 document, which was merely a pre-registration for potential resale shares. This is a standard procedure following PIPE transactions in traditional finance and does not represent actual sales.
Earlier this month, the company raised $450 million through PIPE financing, with investors including numerous institutions such as ConsenSys, Galaxy, and Pantera Capital. The funds will be used to acquire ETH as its reserve asset. Ethereum co-founder and ConsenSys CEO Joseph Lubin also joined the company as board chairman.
Iran: Israel and the U.S. will pay a heavy price
According to Jinshi, Iranian state media conveyed a statement from the General Staff of the Iranian Armed Forces, stating that Israel and the U.S. will "pay a very heavy price." In response, the U.S. and Israel will face "severe strikes."
According to The Block, the U.S. Securities and Exchange Commission officially withdrew several proposed rules on Thursday that would impose stricter regulations on DeFi and cryptocurrency custody.
These proposals were made under the leadership of former chairman Gary Gensler, who led the agency's "enforcement regulatory approach." The withdrawn proposals included a proposed amendment to Rule 3b-16 of the Exchange Act published in April 2023. This proposal attempted to expand the definition of exchanges, specifically including decentralized finance platforms under the regulation of national securities exchanges. The proposal faced criticism from various parties in the industry.
Binance announces SGC TGE participation threshold, requiring 240 Alpha points
Binance tweeted that the participation threshold for SGC TGE has been announced, requiring users to achieve 240 Alpha points to participate.
Iran to initiate a process to eliminate the Israeli regime
According to the Iranian Tasnim News Agency, given the serious mistakes made by the Israeli regime against Iran, Iran will initiate a process to eliminate the Israeli regime. It was reported that Iran's response to Israel's terrorist military attacks will be different from previous responses.
The media stated that Prime Minister Netanyahu's mistakes will push the Zionist regime to the brink of collapse, marking the beginning of the painful end of the Israeli entity.
Chan Mo Po: Hong Kong will issue its second policy declaration on digital asset development in June
Hong Kong's Financial Secretary Chan Mo Po stated at the Caixin Summer Summit 2025 that Hong Kong has launched a licensing system for digital asset trading platforms and stablecoin issuance, and is advancing regulatory arrangements for custody and OTC trading. "This month, we will issue a second policy declaration on the development of digital assets in Hong Kong, focusing on the integration of financial services and innovation, and expanding the application scenarios of digital assets."
Iranian government: Attacks cannot happen without U.S. coordination and permission
According to Jinshi, the Iranian government stated that attacks cannot happen without U.S. coordination and permission.
Leung Fung Yi, CEO of the Hong Kong Securities and Futures Commission, stated at the Caixin Summer Summit that the Commission had proposed a regulatory framework for virtual assets from the perspective of investor protection as early as 2018. Bitcoin has become an alternative asset and a tool for competing for financial supremacy amid multiple cycles, geopolitical factors, and digital development. Hong Kong adopts a regulatory philosophy of "same business, same risk, same rules," and will include OTC trading and custody institutions in regulation in the next step, in addition to the already licensed exchanges.
The Hong Kong Securities and Futures Commission is actively building a virtual asset ecosystem. This robust ecosystem must be compliant, risk-controlled, and sustainable to allow investors to seize new opportunities. The Commission supports the listing of ETFs for virtual asset spot trading and is expanding the relevant scope, such as recently allowing virtual asset staking services.
Walmart and Amazon are planning to issue their own stablecoins
According to The Wall Street Journal, Walmart and Amazon are exploring the issuance of their own stablecoins in the U.S. market, potentially for use in payment and settlement within their merchant ecosystems. According to sources, this move could shift a significant amount of cash and card transactions out of the traditional financial system, reducing billions of dollars in fees and speeding up payment processes.
"What are the exciting articles worth reading in the past 24 hours"
After a 70% plunge, still at a 100% premium? The suspense of SharpLink's ETH gamble continues
An SEC document caused SharpLink's stock to plummet over 70% in after-hours trading.
Bullish applies for IPO: A look at the capital restart path of this "hidden exchange"
With the crypto listing wave surging, is Bullish knocking on the door of IPO as the "vanguard" of the "second wave"?
It has attracted over 50,000 users and 125,000 instances of IP secondary creation.
$1 billion liquidation: How did previous international wars affect Bitcoin?
It depends on whether it has reached the threshold of systemic risk and whether it has triggered a global reassessment of liquidity and confidence.
"We need to wait for more valuable assets to go on-chain."
From Bitcoin reserve asset allocation to mining operations, from ecological investment to infrastructure construction, Tether is deeply embedded in the nerve center of the new global financial order. Due to Tether's deep penetration into the Bitcoin system, its actions have sparked increasing conspiracy theories and heated discussions overseas, questioning whether it artificially inflates Bitcoin prices through continuous issuance of USDT, creating a "closed-loop bubble" sustained by Bitcoin reserves, gold support, and USDT issuance.
Under the shadow of war, has the crypto market once again become a frightened bird?
With leverage maxed out, the market ultimately faced a significant correction.
If these secondary market institutions are really looking for targets beyond Bitcoin in the future, what kind of projects would make them willing to enter? It certainly wouldn't be Memecoins, logically speaking.
The French listed company The Blockchain Group, which only holds $160 million in Bitcoin, claims to raise over €10 billion to purchase Bitcoin. Will The Blockchain Group's strategy, modeled after Strategy, succeed?
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of June 13, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: ZEUS, VIRTUAL, DEGEN, RICO, SBET
The top five popular Solana tokens in the past 24 hours are: Fartcoin, ARROW, Lmm, coded, LAUNCHCOIN
The top five popular Base tokens in the past 24 hours are: SKIRATZ, SAPU, VIRTUAL, AERO, SATO
