xec

Strategy founder Michael Saylor stated on social media, "I haven't sold a single satoshi of my Bitcoin holdings, and Strategy is still executing the accumulation strategy."Note: A satoshi is the smallest unit of Bitcoin, with 1 BTC equivalent to 100 million satoshis. Michael Saylor previously mentioned to never sell your own Bitcoin, but never stated that the company cannot sell.

According to CoinDesk, Ondo Finance has hired former Invesco ETF executive and Grayscale Managing Director John Hoffman, aiming to expand its tokenized investment products beyond stocks and government bonds.John Hoffman will serve as Managing Director and Head of Portfolio, focusing on building and distributing tokenized portfolios, including portfolios co-developed with asset management companies and strategies built around Ondo's existing products.This move indicates that Ondo Finance plans to go beyond tokenized versions of single assets and shift towards custodial investment products on the blockchain. Currently, the market size for tokenized assets has exceeded $30 billion.

According to Bitcoin Magazine, Coinbase's Vice President of Tax, Lawrence Zlatkin, has proposed to U.S. lawmakers to establish a de minimis capital gains tax exemption threshold for everyday small Bitcoin transactions, arguing that "Americans shouldn't have to hire an accountant just to buy a pair of jeans with BTC."

According to Jinshi reports, Nvidia CEO Jensen Huang stated that the company's new Vera central processing unit will use SK Hynix memory chips, and the two companies expect to expand their cooperation in the coming year.Jensen Huang told reporters outside a restaurant in Seoul on Sunday that he had dinner that day with SK Group Chairman Chey Tae-won, SK Hynix CEO Lee Seok-hee, and executives from SK Telecom. He said, "Our collaboration with SK Hynix this year is very large, and we are preparing for even larger-scale cooperation in the second half of this year and next year. We launched the Vera CPU, which is a revolutionary central processing unit, and it will also use SK Hynix's DRAM memory." Vera is Nvidia's first standalone data center microprocessor, which will directly compete with Intel's Xeon series, AMD's EPYC chips, and Amazon's self-developed Graviton chips.Jensen Huang arrived in South Korea on Friday to visit partners and suppliers, and plans to meet with Samsung Electronics Vice Chairman Lee Jae-Yong on Monday, as well as senior executives from Hyundai Motor Group and LG Group. He also mentioned that discussions are ongoing with telecom companies, as future telecom networks will be used for artificial intelligence applications.

According to the information released by the SEC, several executives of Robinhood (HOOD) conducted multiple transactions on June 3.General Counsel Daniel Martin Jr Gallagher sold 10,000 shares of the company's stock at an average price of $83.68 per share, totaling approximately $836,800, reducing his holdings to 481,396 shares.Chief Brokerage Officer Steven M. Quirk sold 10,837 shares of the company's stock at an average price of $85.91 per share, totaling approximately $931,000, reducing his holdings to 81,989 shares.Director Meyer Malka purchased 181,000 shares of the company's stock at an average price of $83.45 per share, totaling approximately $15,103,900, increasing his holdings to 7,754,656 shares.

According to CoinDesk, Deribit Chief Commercial Officer Jean-David Péquignot stated that $60,000 is a key structural threshold for Bitcoin. Over the past year, a large amount of institutional funds (including ETF buyers, large holders, and short-term speculators) have bought Bitcoin in the $60,000 to $67,000 range. If the price continues to decline, unrealized losses will increase, and holding costs will rise, especially against the backdrop of rising AI stocks, which may prompt panic selling among investors. The open interest of put options with a strike price of $60,000 on Deribit has a notional value of over $1.2 billion.As Bitcoin approaches $60,000, market makers face Gamma risk from shorting put options and will be forced to sell spot or futures to balance their books, accelerating the decline. In addition, there is still excessive leveraged long positions in the system, and a drop below $60,000 could trigger more liquidations, creating a chain reaction.

According to CoinDesk, Jim Ferraioli, Director of Digital Asset Research at Charles Schwab, stated that the recent weakness in Bitcoin is not due to a decline in institutional demand or Michael Saylor selling Bitcoin, but rather it is losing its position as the market's dominant momentum trading asset.He pointed out that crypto investors have traditionally followed momentum, and currently, momentum has left the crypto space. Funds are flowing into hot narratives such as AI-related stocks and IPOs, with SpaceX's IPO potentially valued at $1.8 trillion, and a number of other IPOs collectively raising over $200 billion, drawing liquidity away from the crypto market. Crypto traders are also speculating on pre-IPO stocks through synthetic derivative contracts on DEXs like Hyperliquid.Ferraioli downplayed the impact of Strategy selling 32 Bitcoins, believing it merely provided a convenient narrative for a broader trend that has already occurred. He noted that while Bitcoin ETFs have expanded access channels, this asset class is still primarily dominated by retail and momentum traders. Summer has historically been a season of weakness for Bitcoin, and there is currently a lack of buying reasons as investors have other options.

Recently, Bybit launched Percentage of Volume (POV) orders on its contract platform, which helps reduce slippage and market impact by dynamically splitting large orders into sub-orders and adjusting the execution pace based on real-time market transactions and liquidity, thereby enhancing transaction stability in volatile markets.Unlike traditional execution methods that are solely based on transaction volume, Bybit introduces a POV trading model based on order book depth and offers three modes: transaction volume, counterparty liquidity, and same-side liquidity, allowing traders to optimize execution according to their strategy needs. This feature is now available to eligible contract users.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added Iran's largest cryptocurrency exchange Nobitex, as well as three Iranian cryptocurrency exchanges Wallex, Bitpin, and Ramzinex, to its sanctions list, and imposed sanctions on Nobitex's chairman and co-founder Amir Hossein Rad, current CEO Seyed Ali Khoee, and several co-founders and executives.The U.S. Treasury accused Nobitex of processing over 50% of Iran's cryptocurrency inflows in 2025 and providing support for transactions related to the Islamic Revolutionary Guard Corps (IRGC), ransomware organizations, and sanction evasion activities. It also assisted the Central Bank of Iran in obtaining hundreds of millions of dollars in stablecoin funding. U.S. officials stated that after U.S. military actions against Iran, Nobitex helped transfer and protect the assets of the Iranian regime.In addition, the Treasury stated that Iran's second-largest cryptocurrency exchange Wallex, as well as Bitpin and Ramzinex, were also found to have links to transactions related to the IRGC. Among them, Wallex received about 12% of Iran's cryptocurrency inflows in 2025, Bitpin accounted for about 10%, while Ramzinex, established in 2018, has processed over $2.45 billion in transactions.This action is part of the Trump administration's "Economic Fury" strategy to exert maximum pressure on Iran. The U.S. Treasury stated that it will continue to combat Iran's use of digital assets for terrorist financing and sanction evasion and reserves the right to impose secondary sanctions on foreign financial institutions and companies that assist Iran's illegal trade.

According to Bloomberg, Bank of America (BofA) has appointed its senior trading executive Adam Dixon to lead the bank's digital asset strategy. According to an internal memo, Dixon has been with the bank for over 20 years, previously serving as the head of global market financial resource management, and is now appointed as the global head of digital asset transformation, based in the London office, responsible for coordinating related initiatives across the company.In his new role, Dixon will help oversee several enterprise-level initiatives, including tokenized assets.

According to The Block, Bitcoin mining company Bitdeer announced that Chief Financial Officer Jianchun Liu will resign at the end of June for personal reasons and will transition to Chief Advisor, with former Corsair Gaming CFO Michael Potter taking over.Michael Potter served as CFO of Corsair Gaming from 2019 to 2025 and was involved in the company's 2020 IPO; he previously held senior positions at technology and semiconductor companies such as Lattice Semiconductor, Honeywell, NeoPhotonics, and STATS ChipPAC. Bitdeer is currently expanding from Bitcoin mining into AI and cloud computing infrastructure, with its annualized AI cloud revenue recently approaching $70 million.

Gate announced the completion of a new round of product upgrades for Gate Pay for AI Agent and the launch of multiple new features, further enhancing the payment and automatic execution capabilities in AI Agent scenarios. This upgrade focuses on core capabilities such as service discovery, automatic payment, pay-per-use billing, high-frequency micro-payments, multi-wallet collaboration, and automatic settlement, further integrating the payment mechanism into the AI workflow.The upgrade emphasizes enhancing the service discovery and automatic payment capabilities of Gate Pay for AI Agent. Within the scope of user authorization, AI can automatically complete payments, signatures, and result retrieval based on payment requirements during the service invocation process, reducing the need for frequent user intervention and allowing complex tasks to be completed continuously within a unified process. At the same time, Gate Pay for AI Agent supports aggregated payments and automatic settlements for high-frequency, small-value calls, thereby reducing payment overhead and improving overall execution continuity, significantly enhancing execution efficiency and reducing transaction friction.In the future, Gate will continue to promote the capability development of Gate Pay for AI Agent in the directions of automated payments, on-chain settlements, and AI service collaboration, further connecting AI Agents, digital assets, and real commercial scenarios, providing more open and efficient infrastructure support for the next generation of AI-native economy.

The Ethereum Foundation stated that the Open Intents Framework aims to serve as a shared infrastructure for cross-chain intents, providing a modular open framework for deploying, discovering, and executing intents for the ecosystem.At the same time, LI FI announced the launch of LI FI Intents, a full-stack execution engine for same-chain and cross-chain transfers, which competes for quotes and completes order execution through a professional Solver network. LI FI documentation shows that its Intent/Solver Marketplace is one of the official foundations of the Open Intents Framework, and the Ethereum Foundation claims that the framework is entering a phase of large-scale adoption.

According to official news, KelpDAO stated that the last batch of 20,373.72 rsETH has been transferred to the rsETH OFT adapter earlier, thus completing the operational part of the rsETH recovery plan. KelpDAO also attached the relevant transaction information.

According to CoinDesk, Coinbase's Head of European Policy Katie Harries stated that Coinbase is not worried about large Wall Street institutions and traditional financial institutions increasing their participation in the cryptocurrency space, claiming that the crypto industry has a community foundation that traditional financial institutions cannot replicate.She mentioned that the advocacy group Stand With Crypto has over 3.7 million members globally, and members have made over 2.5 million contacts with lawmakers. Katie Harries also stated that cryptocurrency voters have become a long-term force in the global political landscape, and policymakers should expedite the development of a coordinated and reasonable cryptocurrency regulatory framework.

Bitcoin mining company MARA Holdings allocated approximately $4.3 million for CEO Fred Thiel's personal security expenses in fiscal year 2025, which includes $430,780 for vehicle bulletproof modifications, as well as expenses for bodyguards and residential security facilities. According to documents submitted to the U.S. SEC, MARA also provided approximately $3.9 million in security expenses for CFO Salman Khan, including $438,380 for vehicle bulletproof costs.Reports indicate that as incidents of "ransom attacks" targeting executives and investors in the crypto industry increase, crypto companies are significantly ramping up their investment in executive physical security. The so-called "ransom attack" typically refers to forcing victims to hand over private keys or account access through kidnapping, violence, or coercion. Data shows that in 2025, there were 72 confirmed incidents of crypto-related entity coercion globally, a year-on-year increase of 75%. Among these, France recorded 19 incidents, the highest in the world.

According to informed sources, U.S. President Trump is expected to issue an executive order aimed at strengthening cybersecurity for artificial intelligence as early as Thursday and has invited leaders from the tech industry to attend the signing event. Media reports previously indicated that the order Trump is expected to sign will modify the existing cybersecurity information sharing program to include artificial intelligence companies, but it will not require federal approval for cutting-edge models.Instead, the order will call for voluntary testing of cutting-edge artificial intelligence systems by the government to identify and patch vulnerabilities in federal, state, and local networks as well as critical infrastructure in the U.S., without the need for extensive new regulations. Informed sources stated that invitations have been sent to several tech industry executives to attend the signing ceremony at the White House on Thursday, but it is currently unclear who will attend.

According to the Form 144 document recently disclosed by the U.S. Securities and Exchange Commission (SEC), Strategy Inc. Executive Vice President Andrew Kang acquired 5,597 shares of the company's Class A common stock on May 18 through the vesting of restricted stock. This batch of shares was sold on May 19 at an average price of $165.78 per share, with a total transaction value of approximately $927,866.The document notes that part of the proceeds from this sale will be used to pay tax obligations arising from the settlement of equity awards. The transaction was executed under the 10b5-1 trading plan adopted by Kang on May 2, 2024.According to SEC regulations, company insiders can disclose planned sales in advance through Form 144. Kang currently serves as the Executive Vice President of Strategy Inc.