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According to an open letter released by The Blockchain Association, multiple organizations related to cryptocurrency and blockchain have written to Jason Smith, Chairman of the U.S. House Committee on Ways and Means, and senior member Richard Neal, supporting the passage of H.R. 9175, the "Tax Clarity for Mining and Staking Act," as originally proposed by Congressman Mike Carey.The joint letter states that the bill provides a compromise solution for the taxation timing and nature of PoW mining and PoS staking rewards under the "self-created assets" tax framework, avoiding immediate taxation on "unrealized gains" and reducing forced selling and compliance burdens. It also opposes the addition of additional clauses such as a five-year mandatory confirmation in the existing text, urging Congress to legislate as soon as possible to stabilize the tax expectations for blockchain validation activities in the United States.

Dash is evaluating the Philippines as a potential market for cryptocurrency payments. Daria Chernozub, the Head of Global Adoption at Dash, stated at the 2026 Philippines Blockchain Week that the project focuses on emerging markets where users face high transaction fees and need simpler payment options. Filipino consumers are open to new technologies, aligning with this positioning.She mentioned that Dash is still assessing the local market and will prioritize ensuring legal compliance before proceeding. They have begun communicating with key market participants and have prepared legal opinions. Quevedo, a commissioner of the Philippine Securities and Exchange Commission, stated that foreign investors can complete company registration online in 20 to 30 minutes, but cryptocurrency businesses face additional licensing and compliance requirements.Quiogue, the Legal Director of BlockShoals, pointed out that the Philippine SEC has established a regulatory framework for foreign cryptocurrency exchanges, but the compliance pathway is burdensome. The collaboration arrangement between BlockShoals and Binance took about two years. She added that the young population in the Philippines, high mobile device usage, and widespread English proficiency may attract overseas cryptocurrency companies.

IBM CEO Arvind Krishna recently expressed serious doubts about the massive capital expenditures by competitors in the pursuit of Artificial General Intelligence (AGI) during an interview. Krishna estimates that the current cost of building a 1-gigawatt data center is about $80 billion; if the entire industry deploys 100 gigawatts of computing power to achieve AGI, total capital expenditures could reach $8 trillion. He pointed out that this means companies would need to generate $800 billion in profit just to cover interest, making it fundamentally impossible to achieve a return on investment from a business logic perspective.Additionally, Krishna believes that the probability of achieving AGI relying on currently known large language model (LLM) technology is extremely low (only 0% to 1%), unless there are fundamental technological breakthroughs in integrating knowledge with LLMs. Despite his pessimistic view on the short-term realization of AGI, he still acknowledges that generative AI will unleash trillions of dollars in productivity value for enterprises.

Recently, technology concept assets in the US stock market have continued to attract market attention, and related trading activity remains active. According to data from the Gate platform, SpaceX (SPCX) is currently priced at $177.48, with a 24-hour high of $182.08; SanDisk (SNDK) is currently priced at $2248.82, with a 24-hour high of $2269.97, and a 24-hour increase of 0.99%. According to CoinGlass data, the open interest for Gate SPCX (SpaceX) contracts has reached $14.8985 million, while the open interest for SNDK (SanDisk) contracts is $7.3260 million, both ranking among the top in the industry.

According to a report by the People's Daily, the Ministry of Commerce of China announced today that, in accordance with the Export Control Law and the Regulations on the Export Control of Dual-Use Items and other laws and regulations, in order to maintain national security and interests and fulfill international obligations such as non-proliferation, it has decided to officially include 10 U.S. entities, including Aveox, Red Cat, and USA Rare Earth, on the export control list starting from June 22.The announcement clearly states that exporters are prohibited from exporting dual-use items to the aforementioned 10 entities, and organizations or individuals from any country or region are prohibited from transferring or providing dual-use items originating from China to these entities. It also requires an immediate cessation of ongoing related export activities. In addition, in special circumstances where export is necessary, operators must apply to the Ministry of Commerce in accordance with the law.

According to Jinshi reports, ECB Governing Council member Wunsch stated that if service sector inflation rises, the European Central Bank may consider raising interest rates by another 25 basis points to ensure economic safety.

The Ministry of Commerce and seven other departments officially released the "Implementation Opinions on Accelerating the Development of 'Artificial Intelligence + Consumption'," proposing 17 specific measures around five major areas: commodity consumption, service consumption, business innovation, and promotion guarantees. The aim is to address structural bottlenecks on both the supply and demand sides, promoting the accelerated integration of artificial intelligence technology into households and businesses.The "Opinions" clearly state that in the commodity sector, the supply of smart terminals will be expanded, a new track for humanoid robot consumption will be established, and a "people, vehicles, homes" full-scene interactive ecosystem will be created. It also promotes the deep integration of AI with cutting-edge technologies such as brain-machine interfaces and augmented reality. In the service sector, the focus will be on five major scenarios: home care, elderly care, and cultural tourism, researching the inclusion of smart homes in the "good housing" construction guidelines, and equipping elderly care institutions with smart nursing and rehabilitation robots. Furthermore, the "Opinions" also plan to embed AI technology in retail, e-commerce, and logistics to enhance circulation efficiency, and propose the establishment of "Artificial Intelligence + Consumption" aggregation areas and experience centers, requiring close alignment with existing consumption promotion policies such as "trade-in for new" for digital products, thereby shifting the logic of consumption growth in our country from reliance on external stimuli to gradual empowerment through technology.

Illinois Governor JB Pritzker signed the Digital Asset Tax Act on Tuesday, which will impose a 0.2% tax on the transaction value of digital asset transactions or services provided to customers in Illinois. The law will take effect on January 1, 2027.The tax primarily targets crypto service providers, including exchanges, custodians, and brokers, requiring them to collect and remit the tax on behalf of their clients, similar to a sales tax. Industry organizations such as the Crypto Council for Innovation, Digital Chamber, and Illinois Blockchain Association strongly oppose the bill, stating it could become one of the most stringent digital asset tax regimes in the nation. Critics argue that the tax will impose additional costs on Illinois residents simply for using digital assets and may drive crypto businesses, developers, and innovation out of the state.

Recently, the metal market has continued to strengthen, with gold and silver prices maintaining high volatility. According to market data from the Gate platform, silver (XAG) reached a 24-hour high of $71.24, currently reported at $70.40, with a 24-hour increase of 1.25%; gold (XAU) reached a 24-hour high of $4355, currently reported at $4340.45, with a 24-hour increase of 0.49%. According to CoinGlass data, the open interest for Gate XAG contracts reached $78.3465 million; the open interest for Gate XAU contracts reached $148 million, both ranking among the top two in the industry.

According to the latest "2026 Artificial Intelligence Status Report" released by Sensor Tower, as users migrate between different AI assistants, ChatGPT's global market share fell below 50% for the first time at the end of May this year, dropping to 46.4%. Nevertheless, ChatGPT remains the global leader with over 1.1 billion monthly active users (MAU); Google Gemini and Claude under Anthropic follow closely, occupying 27.7% (662 million MAU) and 10.3% (245 million MAU) of the market share, respectively.The report points out that as the growth rates of downloads and spending slow down, the AI industry is shifting from pure user expansion to commercial monetization. It is expected that in the first half of 2026, global AI app downloads will approach 2.3 billion, and total user spending will exceed $4.2 billion. In terms of paid subscriptions, Claude stands out with a leading industry conversion rate of 13%.In addition, the commercialization paths of AI platforms are becoming increasingly diverse. Since February of this year, ChatGPT has been testing its advertising business, and as of May, about 17% of daily active users have been shown ads, primarily focused on software and shopping. At the same time, the role of AI assistants in e-commerce guidance is becoming more prominent, profoundly influencing consumer purchasing behavior and the traffic distribution of major retail platforms.

Gate, as the first centralized exchange (CEX) to connect with Polymarket, allows users to participate in prediction market trading directly through their Gate accounts and USDT. As of June 16, 2026, the cumulative trading volume of Gate's prediction market has exceeded $251 million, ranking first in the world in nominal trading volume. Focusing on user experience, Gate offers "Prediction Mode" and "Trading Mode," and combines features such as smart money rankings, market dynamics monitoring, and AI insights to help users obtain information, discover opportunities, and complete transactions. At the same time, Gate has launched a World Cup-themed special area, integrating event information and prediction markets to create a seamless experience for users from watching the game to participating in market judgments.As competition in the prediction market shifts from product innovation to user outreach, lowering participation barriers and enhancing user experience will become important directions for driving industry growth. Gate is further promoting the expansion of prediction market applications through product optimization and scenario expansion.

Coinbase announced the first launch of industry index perpetual contracts. This product allows users to go long or short on specific industry sectors with one click.It is reported that the first batch of 4 index contracts covers artificial intelligence, defense, the Chinese market, and the technology sector, specifically: AI10, Defense10, China10, and Tech100.

According to La Política Online, the Mexican fintech industry is seeking to promote the Fintech 2 bill reform under the leadership of the new head of the National Banking and Securities Commission (CNBV), Ángel Cabrera. The industry believes that the Fintech Law passed in 2018 can no longer keep up with the pace of innovation, leading to bottlenecks in the approval process, and there is an urgent need for clearer and more flexible regulatory standards. Key demands include accelerating the authorization process, implementing tiered risk management, conditional authorizations, and comprehensive regulations for open financial models.Regarding crypto assets, Mexican financial authorities still maintain restrictions on such tools, despite the continuous growth of the global crypto market. The industry is seeking progress in the regulation of crypto assets, hoping to establish clearer rules. In addition, the industry also hopes to promote a hybrid model that allows the same platform to integrate services such as payments, credit, and insurance. Experts point out that about 85% of transactions in Mexico are still conducted in cash, and a large portion of the population is not covered by the traditional financial system; updating regulations will help accelerate financial inclusion.

According to The Block, executives from hardware wallet manufacturer Trezor stated that the market's trend of fully pushing Bitcoin towards ETFization may pose a long-term risk to the core principles of the crypto industry. According to the company's Chief Business Officer Danny Sanders during the BTC Prague event, the current global crypto user base is approximately 600 million, but only about 10% of users choose to self-custody their assets, with only about 12 to 13 million users using hardware wallets.Since the launch of the U.S. spot Bitcoin ETF in 2024, which has attracted over $53 billion in inflows, institutional allocation of Bitcoin has significantly increased. However, Sanders pointed out that this trend may also weaken users' behavior of directly holding private keys. He believes that self-custody is one of the core attributes of the Bitcoin system, but there are still significant challenges in terms of user experience and security thresholds, leading more users to prefer participating in the market through custodial tools like exchanges or ETFs.Sanders emphasized that the industry should focus on improving the usability and security of self-custody, rather than simply accepting the path of "putting Bitcoin into ETFs." He stated that if the long-term evolution leads to an ETF-dominated holding structure, it would undermine the foundational logic of Bitcoin as a decentralized asset, which could be the "least ideal outcome" for the industry.

Recently, the metal market has continued to strengthen, with gold and silver prices maintaining high levels. According to market data from the Gate platform, silver (XAG) reached a 24-hour high of $70.61, currently reported at $70.40, with a 24-hour increase of 3.26%; gold (XAU) reached a 24-hour high of $4313.99, currently reported at $4302.40, with a 24-hour increase of 1.67%. According to CoinGlass data, the 24-hour trading volume of Gate XAG contracts reached $48.6403 million, with a contract open interest of $73.2151 million, both ranking in the top two in the industry; the open interest of Gate XAU contracts reached $149 million, also ranking in the top two in the industry.

According to Xinhua News Agency, Iranian Foreign Ministry spokesman Baghaei stated on the 13th that any possible understanding reached between Iran and the United States is only to promote continued dialogue between the two sides, rather than a final agreement; the unfreezing of Iran's frozen assets will be an indispensable part of the Iran-U.S. understanding.Baghaei said during a meeting with media personnel that Iran's current focus is on ending hostilities on all fronts and regional tensions, and there will be no in-depth discussion of the details of the nuclear issue at this stage. He stated that the only way to achieve regional security is to end the presence of foreign military forces in the region.Baghaei emphasized that the issue of unfreezing Iranian assets is an important component of the understanding and will not be excluded. Current discussion topics also include eliminating U.S. hostile actions against Iranian vessels and issues related to the Strait of Hormuz.Baghaei said that Iran will act with the utmost caution while advancing negotiations and diplomatic processes, while remaining vigilant based on past experiences. If the other party refuses to fulfill its obligations, Iran can take countermeasures.

The World Cup group stage continues. In today's two completed matches, Canada drew 1-1 with Bosnia and Herzegovina, earning their first point in this World Cup; the United States defeated Paraguay 4-1, achieving a strong start in the group stage.Base's native leverage prediction market OmenX data shows that as the host teams take the field, the trading activity in World Cup-related prediction markets continues to rise. Among them, the prediction market trading volume for the Canada vs. Bosnia and Herzegovina match reached $2.4 million; the trading volume for the United States vs. Paraguay match reached $3.5 million.So far, the cumulative trading volume in World Cup-related prediction markets on OmenX has reached $80 million, with markets related to championship outcomes, single match results, and popular teams becoming the most active trading directions for users.OmenX has recently launched a new sports page and introduced related prediction markets and themed activities around the World Cup, supporting users in leveraged prediction trading regarding match results, championship outcomes, and popular sports events.