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According to BBX data, yesterday two leading publicly listed companies in the cryptocurrency sector completed key historical matters and strategic upgrades. The core updates are as follows:Hut 8 Corp. (Nasdaq: $HUT) officially disclosed on June 23 that the company agreed to pay investors $2.35 million in cash to settle a securities class action lawsuit arising from the merger with U.S. Bitcoin Corp (USBTC) in 2023. The case is being handled by the U.S. District Court for the Southern District of New York, with the plaintiffs being investors who held Hut 8 securities from February 13, 2023, to January 18, 2024. The core allegation is that the company significantly omitted disclosures regarding infrastructure issues at its King Mountain Texas Bitcoin mine (including energy limitations and network connectivity failures) during the merger process, constituting substantial misrepresentation to investors. The trigger for this case was a report released by short-selling firm J Capital Research on January 18, 2024, which questioned the company, leading to a single-day drop of over 23% in Hut 8's stock price. The $2.35 million settlement amount represents approximately 19.6% of the plaintiffs' estimated maximum recoverable damages of $12.08 million, exceeding the historical median settlement ratio for similar cases involving only Securities Act claims; the settlement is still subject to final court approval, and Hut 8 denies any wrongdoing or legal liability. This settlement eliminates the last significant historical legal uncertainty in the company's AI/HPC data center transformation narrative, allowing the valuation logic for the timely delivery of its River Bend ($7 billion contract) and Beacon Point ($9.8 billion contract) dual campuses within the year to unfold against a cleaner balance sheet backdrop.Galaxy Digital Inc. (Nasdaq: $GLXY) announced on June 23 a strategic investment in Digital Prime Technologies (a securities lending technology platform), with specific financial terms not disclosed. This investment builds on Galaxy's existing role as a participant in the Tokenet platform—Tokenet is developed in collaboration between Digital Prime Technologies and institutional securities lending infrastructure provider EquiLend, set to officially launch in May 2026, aiming to bring mature workflows, risk control mechanisms, and full lifecycle management systems from the institutional securities lending sector into the digital asset lending market. By upgrading from a platform participant to an equity investor, Galaxy directly ties the operation of the Tokenet platform to its own institutional lending and trading business, forming a triple synergy of "product + balance sheet + equity." This move is highly consistent with Galaxy's overall business strategy: based on the stable cash flow foundation provided by the CoreWeave 15-year AI data center lease (Phase 1 133MW delivered in April), it aims to deepen its institutional digital asset lending infrastructure layout, further reducing reliance on the single Beta of Bitcoin prices—on the same day, Galaxy was also listed in institutional research reports as one of the few cryptocurrency concept stocks capable of maintaining business resilience during Bitcoin price downturns, with its diversified layout seen as a core reason for being relatively decoupled from pure BTC price exposure.

According to the Associated Press, Anthropic's Mythos model has discovered vulnerabilities in the U.S. government's classified systems.

Bitcoin mining company Hut 8 has agreed to pay $2.35 million to settle a securities class action lawsuit filed by investors. The lawsuit alleges that Hut 8 made misleading disclosures regarding operational risks and potential issues related to the merger with U.S. Bitcoin Corp. in 2023.The focus of the lawsuit involves power and network connectivity issues at the King Mountain Bitcoin mining project in Texas. Investors claim that Hut 8 exaggerated the merger benefits and did not adequately disclose the associated operational risks. According to the settlement agreement, Hut 8 does not admit to any wrongdoing or liability.Documents show that the $2.35 million settlement amount represents approximately 19.6% of the plaintiffs' estimated maximum recoverable losses of $12.08 million. The settlement plan is still subject to final court approval.

Bitcoin mining company Bitmine Immersion Technologies (NYSE: BMNR) announced that its board has approved a cash dividend of $0.1056 per share for its 9.50% Class A perpetual preferred stock (NYSE: BMNP). The dividend will be officially paid on July 10, 2026, to Class A preferred shareholders registered as of the close of business on June 30, 2026.It is reported that Bitmine is a Bitcoin mining company operating in the United States, currently focused on utilizing excess capital for an Ethereum reserve strategy, and is launching a staking infrastructure network called MAVAN dedicated to its assets in 2026.

According to Cryptonomist, the perpetual contract products of the prediction market platform Kalshi have been online for only two weeks, with a cumulative trading volume exceeding $5.5 billion.Data shows that the platform's daily trading volume has exceeded $1 billion for three consecutive days. Major sporting events such as the FIFA World Cup and the NBA Finals have significantly driven the surge in trading volume.Currently, Kalshi has launched 11 crypto-related perpetual contracts, and Kalshi co-founder Tarek Mansour stated that there are plans to expand the perpetual contract products to other asset classes beyond crypto in the future.

According to market news, Japan is reclassifying cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act, similar to the framework for stocks and bonds. The House of Representatives has passed the bill. It lowers the tax rate on cryptocurrency gains from a maximum of 55% (miscellaneous income) to a unified 20% capital gains tax rate and opens the door for cryptocurrency ETFs, with related regulations set to take effect in 2027.

According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.

The digital asset trading platform Gate has announced the completion of a new round of feature upgrades for its prediction market, optimizing multiple modules such as the search system, leaderboard, event classification, and sports gameplay around hot topic discovery, strategy trading, and user interaction efficiency.In this upgrade, Gate has added intelligent search and a "Live & Hot" section, supporting fuzzy keyword matching, hot event recommendations, and real-time hot topic aggregation, helping users discover trading opportunities more efficiently. The platform has also launched a secondary classification system and a "Breaking News" section, covering hot content such as major news, sports events, and cryptocurrency market fluctuations. In the sports prediction market, Gate has introduced derivative gameplay such as point spreads and totals, and optimized the interaction for quick ordering and score selection, further enhancing the trading experience. Additionally, the platform has officially launched a prediction market leaderboard, covering multiple dimensions such as profit and loss, trading volume, and highest profit, strengthening strategy discovery and trading social attributes.Currently, Gate's prediction market has deeply integrated with the Polymarket ecosystem, allowing users to directly access the Polymarket page through the Alpha section on the Gate App homepage and participate in event predictions using USDT in their accounts, further lowering the participation threshold and operational complexity. With a convenient entry point and continuously growing user activity, Gate's performance in the Polymarket partnership channel remains leading, currently ranking in the top three.

According to FinanceFeeds, the victim's lawyer from North Korea attempted to redefine the rsETH attack incident that occurred on Aave as "fraud" rather than "theft" before a hearing at the Manhattan federal court, in order to maintain a freeze order on assets worth $71 million in ETH.The lawyer argued that the attacker borrowed assets using worthless collateral and did not repay, which constitutes a fraudulent loan transaction, aiming to use these frozen assets to pay for terrorism judgment compensation under the Terrorism Risk Insurance Act.Previously, hackers associated with the Lazarus Group minted unsecured rsETH through a cross-chain bridge vulnerability and borrowed approximately $230 million in assets from Aave, of which $71 million was intercepted by Arbitrum developers. The victim's lawyer also questioned Aave's standing, pointing out that its terms of service state it does not have control over user assets. Additionally, DeFi United has raised $327 million, exceeding the amount in dispute.

According to Decrypt, Australian rapper Iggy Azalea is facing a class-action lawsuit over the Solana meme coin MOTHER, with investors accusing her of exaggerating the true utility and commercial integration of the token.The lawsuit claims that Azalea promoted MOTHER for use in the Motherland casino, Unreal Mobile phone service, and DreamVault marketplace, but these integrations failed to materialize or did not operate as promised. The MOTHER token has dropped over 99% from its peak of about $0.23. The plaintiffs are seeking compensation for affected investors, including statutory damages and potential triple damages. The lawsuit was filed by Burwick Law, which had previously sued "Hawk Tuah" girl Hailey Welch and her meme coin project.

According to Bitcoin Magazine, SEC Chairman Paul Atkins and CFTC Chairman Mike Selig stated at the Bitcoin 2026 Conference that U.S. digital asset regulation is entering a "new phase," with both agencies working together to advance a regulatory framework for crypto assets, encouraging related businesses to develop domestically in the U.S.Both parties mentioned that the jointly released token classification guidelines have differentiated between digital commodities, collectibles, and tokenized securities, emphasizing the push for clearer, future-oriented legislative rules. Paul Atkins also stated that the SEC is preparing to launch an "innovation exemption" and plans to allow companies to test on-chain tokenization and securitization tools in a regulated environment in the coming weeks.

The Monetary Authority of Singapore has released a consultation document proposing to establish a more friendly regulatory capital guideline for the treatment of crypto assets on permissionless blockchains before implementing the Basel capital requirements for crypto assets.It is reported that the Basel capital requirements for crypto assets categorize them into two groups. The first group involves tokenized traditional assets and stablecoins, which are subject to lower capital requirements.The second group involves crypto assets that do not meet the above conditions. The Monetary Authority of Singapore intends to abandon the practice of categorizing all crypto assets on permissionless blockchains as part of the second group, allowing them to be classified as first group crypto assets with lower risk weights and more lenient prudential requirements, provided they meet a series of principled requirements. Specifically, for banks registered in Singapore, the risk exposure of permissionless blockchain crypto assets classified as first group crypto assets must not exceed 2% of the bank's Tier 1 capital, and if the issuance creates liabilities at the bank level, the issuance scale must not exceed 5% of Tier 1 capital.

According to Nikkei News, Japan has approved amendments to the Financial Instruments and Exchange Act (FIEA), classifying digital assets as financial instruments and prohibiting insider trading based on non-public information.

According to Cointelegraph, stablecoin issuer Circle is facing a class-action lawsuit in the U.S. District Court for the District of Massachusetts for failing to freeze the stolen funds from the Drift Protocol during the attack incident.The plaintiffs claim that the attacker transferred approximately $230 million USDC from Solana to Ethereum within hours using Circle's Cross-Chain Transfer Protocol (CCTP), and Circle did not intervene. The lawsuit accuses Circle of complicity and incitement to misappropriation and negligence. Crypto analytics firm Elliptic previously suspected that the attack may be related to North Korean-backed hackers, and the related funds were subsequently exchanged for ETH and transferred via Tornado Cash.

According to Globenewswire, the American law firm Bernstein Liebhard has announced that it has filed a securities fraud class action lawsuit on behalf of investors against the Nasdaq-listed cryptocurrency exchange Gemini Space Station, alleging that Gemini made false statements regarding its business operations and prospects in its prospectus and related disclosures, particularly accused of exaggerating the viability of its core cryptocurrency platform business. Investors wishing to serve as lead plaintiffs must submit their applications by May 18, 2026.It is reported that Bernstein Liebhard is a well-known investor relations law firm that has previously filed class action lawsuits against companies such as Ruhnn, Apple, and AsiaInfo-Linkage.

During the 17th General Assembly of the China Artificial Intelligence Industry Development Alliance, the Security Governance Committee of the China Artificial Intelligence Industry Development Alliance officially released the "Risk Management Guidelines for Deploying OpenClaw-like Intelligent Agents."To systematically address the security challenges posed by OpenClaw-like intelligent agents, the guidelines focus on the pain points of risk prevention and control that enterprises face during the technology implementation process. They propose a comprehensive security deployment framework and self-inspection standards covering the entire process of deployment, usage, and offline phases, aiming to promote the transition of intelligent agents from "deployable" to "safely deployed, regulated use, and continuous governance," providing practical guidance for enterprises to standardize their technology deployment.

The Japanese government has passed an amendment to the Financial Instruments and Exchange Act at a cabinet meeting. This amendment regulates cryptocurrency assets (virtual currencies) as financial instruments for the first time and prohibits insider trading and other activities based on undisclosed information. At the same time, it requires cryptocurrency issuers to disclose information annually to improve the healthy market environment. If this bill is passed in the current Diet session, it is expected to be implemented as early as the 2027 fiscal year.Previously, the Financial Services Agency of Japan primarily regulated cryptocurrencies based on their positioning as "means of payment" under the Funds Settlement Act. However, in recent years, the use of cryptocurrencies as investment tools has been increasing, leading to their inclusion in the regulatory framework of the Financial Instruments and Exchange Act. Additionally, the name of registered institutions will change from "cryptocurrency asset exchange operators" to "cryptocurrency asset trading operators."At the same time, the penalties will also be strengthened: for unregistered institutions engaged in sales, the maximum prison sentence will increase from 3 years to 10 years, and the fines will rise from the current maximum of 3 million yen to a maximum of 10 million yen. By increasing penalties, the stance on protecting investors will be further reinforced.

The American law firm Gibbs Mura has officially announced a collective lawsuit investigation regarding the Drift Protocol theft incident, involving a fund scale of approximately $280 million to $285 million. It is reported that over $230 million USDC was transferred to Ethereum via Circle's Cross-Chain Transfer Protocol (CCTP).Gibbs Mura believes that although Circle has the technical capability to freeze funds, it did not take freezing action during this attack. The law firm is currently assessing whether investors can file claims against Circle for "failure to intervene in a timely manner," "insufficient monitoring," and "failure to fulfill stablecoin responsibilities," and is calling on affected users to participate in the lawsuit to advance fund recovery.