ChainCatcher news, according to CoinDesk, earlier today the U.S. Senate confirmed that Federal Reserve Governor Michelle Bowman has been promoted to Vice Chair for Supervision. The new Vice Chair will have a say in both the banking access for cryptocurrencies and the issuance of stablecoins. The position of Vice Chair for Supervision was established after the 2008 global financial crisis to help the Federal Reserve focus on its regulatory responsibilities, distinct from its more well-known role in managing U.S. monetary policy.The banking sector has always been a pain point for the cryptocurrency industry. Previously, the Federal Reserve and the other two major banking regulators took a highly cautious approach to the crypto space, but in April of this year, they lifted previous restrictions on banks providing services to the crypto industry. The Federal Reserve's potential regulatory role for stablecoin issuers remains unclear, and related regulatory legislation is still under discussion.Republican lawmakers are working to exclude the Federal Reserve from stablecoin regulatory responsibilities, but the latest legislation under consideration still stipulates that the Federal Reserve will regulate stablecoins issued within banks and assess whether foreign regulatory bodies are adequately equipped to handle issuers outside the U.S.

ChainCatcher news, according to Cointelegraph, Ukrainian police recently arrested a 35-year-old man, accusing him of carrying out a large-scale cryptocurrency hijacking operation.According to a police statement, the man had been hacking into over 5,000 client accounts of an international hosting company since 2018, unauthorizedly using their server resources for cryptocurrency mining, resulting in losses of approximately $4.4 million for the company. During a search of the suspect's residence, multiple computer devices, mobile phones, bank cards, as well as cryptocurrency wallets and hacking software were discovered. The suspect currently faces charges of unauthorized interference with electronic information network operations, which could result in a maximum sentence of 15 years in prison. The investigation into the case is still ongoing.

ChainCatcher message, the Ethereum Foundation has released a fiscal policy on its official blog. The mission of the Ethereum Foundation (EF) is to strengthen the Ethereum ecosystem and uphold its long-standing uncompromising core goal: to ensure that "applications run exactly as intended, with no possibility of downtime, censorship, fraud, or third-party interference."The role of the EF treasury is to support the foundation's long-term autonomy, sustainability, and legitimacy. The Ethereum Foundation (EF) is expected to continue as the long-term steward of the ecosystem, but its scope of responsibilities will gradually narrow. We plan to reduce annual operating expenditures approximately linearly over the next five years, ultimately maintaining a benchmark level of 5% in the long term.Funds will be frequently reallocated between different protocols due to market changes, asset diversification needs, or new revenue opportunities. Throughout the year, the EF will regularly assess the deviation of fiat-denominated assets in the treasury relative to the operating expenditure buffer target and decide whether to sell Ethereum and the amount to sell in the next three months based on this assessment. These Ethereum sales are typically conducted through fiat withdrawal channels or on-chain exchanges for fiat-denominated assets. Our current strategy includes independent staking and providing wETH to mature lending protocols. Core deployments will continue to be evaluated, but the overall positioning is for long-term holding. The EF may also borrow stablecoins and seek higher yields on-chain.

ChainCatcher news, according to Yahoo Finance, the Secretary for Financial Services and the Treasury, Christopher Hui, stated that in response to the latest developments in the virtual asset market, the Treasury will publish a second policy declaration on the development of virtual assets, outlining the vision and direction for the next steps. This policy declaration will explore how to combine the advantages of traditional financial services with technological innovations in the virtual asset sector, and enhance the security and flexibility of real economic activities. It will also encourage local and international enterprises to explore innovations and applications of virtual asset technology.Christopher Hui pointed out that the Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors, emphasizing that robust risk management measures will be formulated. This is expected to further enrich the product options in the Hong Kong market while ensuring that trading is conducted in an orderly, transparent, and secure manner. In assisting fintech companies to expand their business, the Invest Hong Kong is actively collaborating with industry stakeholders to promote in the Guangdong-Hong Kong-Macao Greater Bay Area, helping Hong Kong fintech companies further expand into the mainland market.

ChainCatcher news, according to a Cointelegraph article, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the formulation of future cryptocurrency-related policies will adopt a public rulemaking process rather than advancing through enforcement actions.Atkins emphasized that this process will be conducted through "Notice and Comment" to ensure that the public can participate in policy-making and provide feedback.

ChainCatcher news, the Hong Kong Police Force, in collaboration with anti-fraud centers from multiple countries or regions, has established a cross-border anti-fraud cooperation platform "FRONTIER+" and from April 28 to May 28 this year, conducted its first joint operation with anti-fraud centers from six countries or regions including Macau, Singapore, South Korea, and Thailand, successfully arresting 1,858 individuals, freezing over 32,600 bank accounts, and intercepting HK$157 million in fraudulent funds.The Chief Superintendent of the Commercial Crime Bureau of the Hong Kong Police Force, Wong Chan-yu, stated that Hong Kong recorded over 13,115 fraud cases in the first four months of this year, a 9% year-on-year increase, with the amount involved decreasing by about 30%. A money laundering group that has been active in Hong Kong and the mainland since last July used over 580 bank accounts and virtual assets to launder approximately HK$118 million. The police launched an operation on the 15th of last month and successfully arrested 12 individuals.

ChainCatcher news, according to Jinshi reports, on June 3 at 20:00 local time, the voting for the 21st presidential election in South Korea officially ended, and exit polls were subsequently released.After the voting ended, the exit poll results released by the three major broadcasters in South Korea—KBS, MBC, and SBS—show that the candidate of the largest opposition party, the Democratic Party, Lee Jae-myung, will win the election with an overwhelming advantage beyond the margin of error.According to the exit poll by MBC, Democratic Party candidate Lee Jae-myung received 51.7% of the votes, People Power Party candidate Kim Moon-soo received 39.3% of the votes, and the Reform New Party candidate Lee Jun-sik received 7.7% of the votes.

ChainCatcher news, according to Cryptonews, Polish conservative historian Karol Nawrocki defeated liberal challenger Rafał Trzaskowski with 50.89% of the vote in the local time Monday runoff, successfully elected as president. The National Electoral Commission has confirmed his victory, which will have a significant impact on Poland's future policies, especially in the field of cryptocurrency.Nawrocki supports American conservatives, inspired by figures like Trump, hoping to make Poland a "hub of innovation" for cryptocurrency. This position has sparked discussions in the global financial community, with speculation about whether Poland will follow other economies in exploring the establishment of a state-supported Bitcoin treasury. Although he claims not to hold any cryptocurrency, his policy orientation supports deregulation and promotes industry growth, which has motivated many voters. However, in February this year, the Polish central bank ruled out the possibility of including Bitcoin in the national reserves.

ChainCatcher news, according to Ping An Wuhan reports, the police in Dongxihu, Wuhan, have dismantled a scam den hidden in the countryside, arresting 32 criminal suspects, 20 of whom have been criminally detained. This gang impersonated "rich beauties" for online dating, promoting virtual currency investment returns, and luring victims to invest in virtual currencies on fake platforms, creating a controllable illusion of "high returns," which in reality could not be withdrawn, with funds ultimately flowing into the scammers' accounts.

ChainCatcher news, focusing on the interoperability of the IBC protocol. L2 project Polymer Labs released an image with a specific date (June 10) and captioned it "Something is about to happen," leading the community to speculate that a TGE may take place.In January last year, the IBC infrastructure Polymer Labs completed a $23 million Series A funding round, led by Blockchain Capital, Maven 11, and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Money Group, NorthIsland Ventures, and Figment Capital.

ChainCatcher news, according to Jinshi reports, Bank of Japan Governor Kazuo Ueda made a series of statements regarding the economy and monetary policy. Ueda stated that fluctuations in ultra-long-term bond yields could affect short-term and medium-term yields, and the changes in short-term and medium-term Japanese government bond yields typically have a greater impact on the economy than fluctuations in ultra-long-term yields.Some investors have shown a decreased preference for ultra-long-term Japanese government bonds, and he will review the bond reduction plan at the next monetary policy meeting, considering the opinions of bond market participants. Ueda indicated that there is currently no preset plan for interest rate hikes, and that rates would only be considered for an increase if the economy and prices rise again. Japan's core inflation rate remains slightly below the Bank of Japan's 2% target.

According to ChainCatcher news, the South Korean cryptocurrency exchange Bithumb announced that due to the recent increase in phishing attacks, it plans to redeploy the virtual asset withdrawal delay system on June 17, 2025. The first virtual asset withdrawal after a Korean won deposit will be delayed by 72 hours, and subsequent withdrawals of equivalent virtual assets for Korean won recharges will be delayed by 24 hours.An example of the 24-hour withdrawal delay system is as follows: If there is an existing 1 million Korean won, and then an additional 2 million Korean won is deposited, totaling 3 million Korean won, only 1 million won worth of virtual assets can be withdrawn every 24 hours; if 2 million Korean won is deposited without any prior Korean won balance, the withdrawal of virtual assets will be restricted for 24 hours, and after 24 hours, the equivalent of 2 million Korean won can be withdrawn.

ChainCatcher news, according to CoinTelegraph, in response to the U.S. trade tariff policy, traders are increasingly inclined to adopt quick, short-term profit strategies rather than holding positions for the long term. Arrash Yasavolian, CEO of Taoshi AI, a trading platform under Bittensor, stated that the tariff policy has triggered news-driven shocks in the financial markets, leading to extreme fluctuations in market sentiment within a single day, making trading more difficult. As a result, trading behavior has essentially shifted towards a more day-trading approach, where profits are realized as quickly as possible when available.

ChainCatcher news, according to the official website, the U.S. Securities and Exchange Commission (SEC) has released a policy statement regarding PoS network staking activities, clarifying that three types of staking activities do not constitute securities issuance: 1) Self-staking (node operators using their own crypto assets to participate in network validation); 2) Third-party non-custodial staking (asset owners retain control, only delegating validation rights); 3) Compliant custodial staking (custodians strictly segregate client assets, not used for operations or re-hypothecation).The statement points out that the network rewards obtained from the above staking activities are considered compensation for validation services, rather than investment returns based on the efforts of others in managing and operating, and therefore do not meet the securities definition standards of the Howey test. It also clarifies that four types of supporting services (penalty insurance, early unbonding, reward restructuring, asset aggregation) do not change the nature of staking. This policy does not apply to staking services that provide fixed returns or engage in trading using client assets.The SEC emphasizes that custodial institutions must ensure that staking assets: 1) are independent of operating funds; 2) are prohibited from being lent or re-hypothecated; 3) are not subject to third-party claims. This policy aims to provide regulatory certainty for compliant staking activities while maintaining enforcement authority over security tokens.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Logan stated: "Tariffs may push up inflation, at least temporarily, while stimulative fiscal policy may boost demand. At the same time, uncertainty and market volatility may lead consumers to reduce spending."Logan also pointed out that high inflation expectations have become entrenched, and correcting them is costly. However, current monetary policy is in good shape, the risks to employment and inflation targets are "roughly balanced," and the labor market is strong, with inflation trends gradually approaching 2%.

ChainCatcher news, according to CoinDesk, Russian police have arrested a person suspected of involvement in a cryptocurrency mining scam, with the case involving an amount of 270 million rubles (approximately 3.2 million USD) and a total of 100 victims.A local resident reported to the police in February this year that he had handed over an ASIC mining machine to a person claiming to operate a "mining hotel," who promised to provide passive income. The 26-year-old suspect and his two accomplices are accused of selling the received mining machines and embezzling the funds intended for purchasing other mining equipment.

ChainCatcher news, according to Bloomberg, Nigel Farage, leader of the Reform Party in the UK, will unveil a cryptocurrency policy plan similar to Donald Trump's style at the Bitcoin conference in Las Vegas this Thursday evening, in an attempt to attract more support from young British voters.According to the speech content disclosed in advance by the Reform Party, Farage will announce that if the Reform Party wins the next UK election, it will submit a new "Cryptocurrency Bill" to Parliament, aiming to make the UK a "crypto powerhouse."The bill includes: significantly reducing the capital gains tax on crypto investments from the current 24% to 10%; establishing a two-year regulatory sandbox to assist London’s financial district in crypto innovation; and prohibiting restrictions on services that accept crypto payments, thereby protecting the rights of consumers using cryptocurrencies.

ChainCatcher message, the Federal Reserve's meeting minutes mentioned that staff forecasts for actual GDP growth in 2025 and 2026 are lower than the predictions made at the March meeting, as the announced trade policies imply that actual economic activity will be more significantly hampered compared to the policies assumed in previous forecasts.It is expected that trade policies will also lead to a slowdown in productivity growth, thereby reducing potential GDP growth in the coming years. Due to the anticipated earlier onset of demand drag, which is expected to be greater than the response of supply, the output gap is expected to widen significantly over the forecast period. The labor market is expected to weaken substantially, with the unemployment rate projected to be higher than staff estimates of the natural rate of unemployment by the end of this year, and to remain above the natural rate until 2027.