ChainCatcher news, according to Cryptonews, the South Korean National Assembly is accelerating the review process of the "Securities Token Offering Act." Two STO-related bills submitted by lawmakers Min Byeong-deok and Kim Jae-seop have entered the discussion stage in the government committee. The newly elected Democratic Party president Lee Jae-myung has clearly supported the legalization of STOs, which may break the legislative deadlock that has persisted since December of last year.The report points out that major securities companies and technology firms in South Korea have been preparing a large number of STO issuance plans over the years, involving real estate, commodities, and intellectual property sectors. Although former President Yoon Suk-yeol had repeatedly promised to promote the legalization of STOs without success, the current ruling and opposition parties have rarely reached a consensus, and the financial market hopes that the new government can complete the legislative process as soon as possible. If the bill is passed, it will abolish the blockchain token issuance ban implemented in the late 2010s and establish a compliance framework for institutional issuance of asset-backed tokens.

ChainCatcher message, Believe founder Ben Pasternak announced an update to the Believe platform, which has launched the following features: automatic fee blocking for the first 24 hours of new token launches; manual fee blocking for any new token to encourage users to report scam tokens; all Believe token contract addresses now end with BLV.Coming in the next 24 hours: public display of token health status; public display of creator fee earnings; significant optimization of the iOS token release process, with the proportion of tokens released through the app expected to increase from 1% to nearly 100% by the end of the month.

ChainCatcher news, according to Jinshi Data, Hong Kong's Financial Secretary Paul Chan attended the Bank of China 2025 Renminbi Internationalization Forum and delivered a speech at the event. Paul Chan revealed that Hong Kong is the world's largest offshore Renminbi business hub, handling about 80% of the global offshore Renminbi payment amounts, is the largest offshore Renminbi funding pool, and has the world's most active Renminbi foreign exchange and bond market.

ChainCatcher news, according to Jin10 data reports, the Hong Kong Securities and Futures Commission is working with regulatory agencies around the world to curb the activities of illegal financial influencers. These financial influencers illegally promote financial products or services, putting millions of social media users at risk.The CEO of the Securities and Futures Commission and Chair of the Asia-Pacific Committee of the International Organization of Securities Commissions, Ashley Alder, stated: "As part of our educational efforts, we must emphasize the importance of personal responsibility. Investors should be their own first line of defense, verifying the regulatory status and credibility of financial influencers before making any investment, carefully assessing the investment views they share, and thoroughly verifying the authenticity of the information."

ChainCatcher news, the TRUMP wallet official website's associated X account @TrumpWalletApp was frozen for the second time and has now been unfrozen again. It is reported that the TRUMP wallet's X account was frozen by the X platform on June 4, and after being unfrozen the next day, it was frozen again.According to previous news, the TRUMP wallet official website information shows that the wallet was jointly developed by Magic Eden and the TRUMP Meme official team, but Donald Trump Jr., Trump's eldest son, stated that the Trump Organization has no connection to this wallet product.

ChainCatcher news, crypto journalist Eleanor Terrett posted on social media X that next week will be a crucial week for crypto policy. On Monday, there will be a DeFi roundtable hosted by the SEC, and on Tuesday, the House will hold a nomination hearing on the crypto market structure bill (CLARITY Act).

ChainCatcher message, a research report from CITIC Securities points out that recent legislation on stablecoins in the United States and several other countries has made progress. The report suggests that the Trump administration has three objectives in promoting cryptocurrency-related legislation: to help families accumulate wealth and fulfill campaign promises; to promote the expansion of the stablecoin market to alleviate the pressure of insufficient demand for U.S. Treasury bonds; and to strengthen the binding relationship between stablecoins and the U.S. dollar, delaying the process of de-dollarization.Therefore, the formalization process of stablecoins is expected to continue. The expansion and development of the stablecoin market will create medium- to long-term benefits for the upward trend of cryptocurrencies. However, the acceleration of the upward trend in cryptocurrencies may need to wait for the certainty of Trump's policies.

ChainCatcher news, Trump Media (DJT) has submitted a registration statement (S-3) to the U.S. Securities and Exchange Commission (SEC), planning to conduct a $2.3 billion private placement. This is a continuation of the previously announced Bitcoin accumulation plan. On May 27, Trump Media announced it would conduct a $2.5 billion private placement, with 50 institutional investors participating.

ChainCatcher news, according to Jinshi reports, the number of initial jobless claims in the United States increased for the second consecutive week last week, indicating a weakening labor market amid the worsening economic headwinds brought by tariffs.During and after the COVID-19 pandemic, businesses generally hoarded workers in their efforts to find labor, but the increasing uncertainty brought by President Trump's tariffs has forced some companies to lay off employees.Economists expect that the number of initial jobless claims this month will exceed the range of 205,000 to 243,000 in 2025, mainly due to difficulties in adjusting data for seasonal fluctuations, and similar trends have also emerged in recent years. The rise in continuing jobless claims aligns with consumers' declining confidence in the job market.

ChainCatcher news, according to the Capital Public Security Legal System WeChat account, the Beijing Municipal Public Security Bureau Legal System Division and the Beijing Equity Exchange (hereinafter referred to as "BEE") have established a cooperation mechanism for the disposal of virtual currencies involved in cases, jointly signing the "Framework Agreement on Business Cooperation for the Disposal of Virtual Currencies Involved in Cases," which includes the disposal of virtual currencies involved in cases under the category of "physical submission."The article states that in response to the frequent occurrence of virtual currency crimes in recent years, and addressing the practical issue of "the inability to directly dispose of and cash out virtual currencies involved in cases within the country" as well as the risks of cross-border disposal, the Legal System Division of the Municipal Bureau and BEE have further expanded the cooperation disposal area. They have conducted thorough research and demonstration on the policies, regulations, and operational pathways for such special case-related assets, exploring a new channel for overseas disposal.That is: Public security organs will entrust the physical disposal of virtual currencies involved in cases to BEE. After accepting the entrustment from the public security organs, BEE will select professional service institutions to conduct operations such as testing, receiving, and transferring the virtual currencies involved in cases, and will publicly cash out and sell them through a compliant licensed exchange in Hong Kong. After fulfilling the national foreign exchange management approval procedures, the converted funds will be transferred to the special account for case-related funds of the public security organs and submitted to the national treasury.Currently, this model has been successfully applied to dispose of virtual currencies involved in a case handled by the Shunyi Public Security Sub-bureau.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has won a court victory of $1.1 million in a cryptocurrency fraud case, with the defendant failing to respond to the charges. A federal judge in Georgia issued a default judgment in favor of the SEC against Keith Crews. The SEC filed a lawsuit against Crews in August 2023, accusing him of participating in cryptocurrency fraud, but Crews did not respond or defend himself.Judge Tiffany Johnson ruled that Crews must pay over $1.1 million in financial penalties, which includes the return of $530,000 in net profits obtained from his alleged misconduct, nearly $51,000 in pre-judgment interest, and a $530,000 civil penalty. Additionally, the judge ruled that Crews is permanently banned from violating securities laws again.

ChainCatcher message indicates that, according to SoSoValue data, the crypto market has experienced a pullback for two consecutive days, with the Meme and DeFi sectors dropping 3.59% and 3.72% respectively in the last 24 hours. Within the Meme sector, Bonk (BONK), dogwifhat (WIF), and Fartcoin (FARTCOIN) fell by 7.42%, 9.65%, and 10.62% respectively, while SPX6900 (SPX) rose by 3.35% against the trend. In the DeFi sector, Chainlink (LINK), Uniswap (UNI), and Ethena (ENA) decreased by 4.03%, 5.93%, and 9.97% respectively.Additionally, Ethereum (ETH) remained relatively strong, dropping 0.28% in the last 24 hours, fluctuating around $2600. Bitcoin (BTC) fell by 0.91%, retreating to $104,000.In other sectors, the CeFi sector dropped 0.58% in the last 24 hours, with Hyperliquid (HYPE) down 3.29%; the Layer1 sector decreased by 1.93%, but TRON (TRX) rose by 1.26%; the PayFi sector fell by 2.63%, with Keeta (KTA) rising by 3.62% against the trend; the AI sector dropped 3.54%, with Bittensor (TAO), Worldcoin (WLD), and Virtuals Protocol (VIRTUAL) falling by 2.85%, 5.33%, and 7.22% respectively; the Layer2 sector decreased by 3.58%, with Optimism (OP) down 5.79%.The crypto sector indices reflecting historical performance show that the ssiAI, ssiDeFi, and ssiRWA indices fell by 4.93%, 4.28%, and 4.24% respectively in the last 24 hours.

ChainCatcher news, according to Jinshi reports, Bank of America Securities stated that as market expectations for a continued weakening of the dollar grow, emerging market assets are expected to yield several percentage points of return this year. David Hauner, head of global emerging markets fixed income strategy at Bank of America Securities, said: "We have every reason to maintain our expectation of double-digit returns for emerging markets this year. We believe the dollar is the most important driver and expect the U.S. long-end market to stabilize." Bank of America Securities holds an optimistic view on Eastern European currencies and stocks. In the fixed income market, Brazil remains its preferred investment destination due to the country's very high interest rates, which may start to decline by the end of this year.Currently, the dollar is nearing its lowest level in two years. Major Wall Street firms, including Morgan Stanley and JPMorgan Chase, also believe that the dollar will weaken further due to the possibility of the Federal Reserve cutting interest rates, slowing economic growth, and ongoing uncertainties in fiscal and trade policies, which may accelerate the flow of funds from U.S. assets to developing countries.

ChainCatcher news, according to BWEnews, the U.S. Securities and Exchange Commission (SEC) has delayed the review of the SUI spot ETF application submitted by Canary Capital.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) officially announced on June 4, 2025, that it has accepted the listing application for the 21Shares SUI ETF submitted by the Nasdaq Stock Market.According to the announcement, Nasdaq submitted the application to the SEC on May 23, intending to list and trade this commodity trust share-based ETF product under Nasdaq Rule 5711(d).

ChainCatcher news, according to a press release, Nasdaq-listed company and holographic technology service provider MicroCloud Hologram Inc. announced that it has purchased up to $200 million in Bitcoin and cryptocurrency-related securities derivatives. As of June 3, the cumulative investment return has reached $19.08 million. HOLO currently holds $303 million in cash reserves. The company plans to use this $303 million reserve for derivatives and technology research and development in cutting-edge fields related to Bitcoin, blockchain, quantum computing, quantum holography, and AI-enhanced reality.

ChainCatcher news, according to the Securities Times, today the Secretary for Financial Services and the Treasury, Xu Zhengyu, stated that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors and will formulate robust risk management measures.The measures will further enrich the product options in the Hong Kong market while ensuring that trading is conducted in an orderly, transparent, and secure manner.