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Cysic today announced a joint launch with MiniMax of the CyOps Arena AI Hackathon, offering a $5,000 prize pool open to developers, and providing an 80% discount on model token prices during the event to support more developers in building projects using MiniMax's new model M3.This hackathon focuses on AI Coding and long-cycle engineering tasks. Participants can use Cysic's multi-agent coding platform CyOps to collaboratively complete planning, development, review, and iteration, and build real engineering projects based on MiniMax's new model M3.The submission deadline for the CyOps Arena is June 15, EOD PT. Participants can complete real engineering tasks, submit projects, and participate in evaluations based on CyOps's multi-agent coding capabilities.Cysic is a computing power infrastructure project aimed at high-performance computing scenarios, while CyOps is its multi-agent coding platform launched for AI Coding and engineering automation.

0G Labs announced a partnership with the AI company MiniMax, aiming to bring cutting-edge AI models on-chain through verifiable and privacy-preserving computing technology.It is reported that the core model integrated in this collaboration is MiniMax's M3 model, which currently ranks first on the open-source model list of Artificial Analysis and tops the OpenRouter trend list. The official statement indicated that to support the launch of this collaboration, a limited-time free operation service for the model will be available from June 15 to 18.

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, European stock indices have widened their declines, with the German DAX30 index, Spanish IBEX35 index, and French CAC40 index all falling by more than 1%. The Italian FTSE MIB index fell by 0.65%, and the British FTSE 100 index fell by 0.77%.

With the growing demand for AI computing power and the continuous development of the intelligent driving industry, technology leaders such as Nvidia and Tesla continue to attract market attention. According to Gate market data, Nvidia (NVDAX) is currently priced at $205.86; Tesla (TSLAX) is currently priced at $392.22. CoinGlass data shows that the NVDAX contract position on the Gate platform has reached $3.35 million, with a 24-hour trading volume of $4.13 million, both ranking first in the world; the TSLAX contract position on the Gate platform has reached $3.87 million, with a 24-hour trading volume of $2.91 million, also ranking first in the world. Relevant data indicates that AI computing power and intelligent driving-related assets remain an important focus for market funds.In addition, the new public course section of Gate Live will launch its first stock series on June 10 at 16:00 (UTC+8) titled "How to Participate in the US Stock Market with USDT." This public course will share insights on Gate's stock products, coverage of stocks and ETF assets, and core highlights of the products. Leveraging Gate's unified account system, users can achieve one-stop management and allocation of digital assets and global securities assets on the same platform, further enhancing cross-market investment efficiency.

The State Duma of Russia has passed a cryptocurrency tax reform bill submitted by the government in the first reading, aiming to further clarify the tax rules related to digital assets. According to the draft, the taxable base for cryptocurrency transactions will be calculated based on the positive difference between income and costs, allowing investors to offset gains and losses from digital currencies and foreign digital rights assets within the same tax period.The bill also requires brokers and trust management institutions to fulfill the obligation of withholding and paying personal income tax in cryptocurrency and foreign digital rights transactions, and to retain relevant transaction vouchers for at least five years. At the corporate level, except for cryptocurrency mining, income and expenditure related to foreign trade involving digital assets will be included in the corporate income tax base, and foreign digital rights assets will also be treated as cryptocurrency for tax purposes.In addition, the Budget and Tax Committee of the State Duma of Russia has suggested further amendments to the bill in the second reading, requiring licensed cryptocurrency exchange platforms to assume tax agency functions, directly withholding personal income tax when users buy and sell cryptocurrencies. If the final legislation is passed, Russia's regulatory system for digital asset taxation will be further improved.

According to crypto journalist Eleanor Terrett, the U.S. House of Representatives' fundraising committee held a crypto tax hearing at 2 PM local time, introducing six separate bills and a discussion draft beforehand. The six bills cover crypto donations, taxation of mining and staking, reporting requirements, equal tax treatment, voluntary disclosure, and applying existing anti-abuse tax rules to digital assets; the discussion draft addresses offshore crypto tax evasion.The committee stated that the aforementioned bills aim to create clarity, fairness, and operability for digital assets, and to maintain the U.S. position as a global crypto hub. Witnesses attending the hearing included representatives from Fidelity, Coinbase, Coin Center, and NYU's Tax Law Center.

The cryptocurrency trading platform SuperEx announced that on June 9 at 11:00 Beijing time (03:00 UTC), it officially launched the stock U-based perpetual contract trading pairs PANWUSDT, AXTIUSDT, CRDOUSDT, IRENUSDT, and QNTXUSDT.It is reported that the newly launched contract trading pairs support full position, isolated position, and split position modes, and users can experience trading through SuperEx's web and app platforms.

Bitget launches the USDGO flexible wealth management product, offering up to 12% APR. Users do not need to lock their assets and can flexibly redeem and obtain holding income according to the rules.In addition, users can conduct two-way exchanges between USDT and USDGO through flash exchange. By holding USDGO for at least 14 days before exchanging back to USDT, users can receive slippage subsidies generated by exchange rate fluctuations, achieving zero-loss flash exchange.

Alex Thorn, the Research Director at Galaxy, stated that the UK's decision to include the entire HTX on the sanctions list is controversial, as there are still a large number of legitimate users on the platform. He also pointed out that there are significant differences in the standards and timing of asset freezes among different stablecoin issuers, and suggested paying attention to the potential impact of stablecoin freeze mechanisms on user assets.

According to Crypto In America, the U.S. House of Representatives' fundraising committee will hold a hearing on cryptocurrency tax reform this Tuesday, reviewing seven discussion drafts covering aspects such as stablecoin trading, mining and staking, crypto lending, wash sale rules, charitable donations, and taxpayer disclosures. Essentially, this breaks down the previously proposed "Digital Asset Equality Act" into multiple independent pieces of legislation.Meanwhile, negotiations on the Senate's "Clarity Act" are still ongoing. Senator Lummis stated that the bill is more likely to advance after Congress reconvenes on July 13, with core disagreements focused on ethical clauses, DeFi regulatory language, and stablecoin yield issues. The banking industry continues to lobby against stablecoin yield clauses, while over 200 crypto organizations have jointly written to urge the swift advancement of the bill for a vote.In addition, Illinois plans to impose a 0.2% tax on digital asset transactions, which has sparked strong opposition from industry groups, warning that this move will drive crypto companies out of the state.

According to BBX data, last week the expansion of institutional crypto infrastructure and the differentiation of cash flow management models for mining companies were implemented simultaneously. The core dynamics are as follows:Morgan Stanley (NYSE: $MS) Wealth Management Department and Galaxy Digital Inc. (NASDAQ: $GLXY) officially announced a recommended cooperation agreement on June 5: allowing Morgan Stanley's qualified high-net-worth clients to lend directly held BTC, ETH, or SOL to Galaxy Digital. After Galaxy, as an Authorized Participant (AP), completes the creation of physical shares, the corresponding spot crypto ETP shares (including Morgan Stanley Bitcoin Trust, NYSE Arca: $MSBT) will be directly transferred to the client's brokerage account; the converted ETP shares can be used as collateral for account financing. Key parameters: Galaxy Digital has reduced the minimum trading threshold for Morgan Stanley's recommended clients from $25 million to $5 million, significantly expanding the coverage of qualified high-net-worth clients; traditional similar institutional trades usually take more than four weeks to complete, while the new mechanism can shorten the entire process by up to 75%. The legal basis for this cooperation is the SEC's approval of the physical conversion ETF mechanism for crypto assets in July 2025, allowing direct physical conversion between directly held crypto assets and spot crypto ETFs, with Morgan Stanley's $MSBT being one of the first beneficiary products.Bitdeer Group, Inc. (NASDAQ: $BTDR) reported that as of the week of June 5, 2026, Bitcoin mining output was 205.3 BTC, with the same amount sold, resulting in a net holding of 0 BTC, maintaining a current BTC position of zero, continuing the "output equals sale" cash flow management strategy; the proceeds from sales are used to support the R&D of its SEALMINER mining hardware product line and the expansion of hash power hosting services. Bitdeer's zero holding model sharply contrasts with mining companies like CleanSpark, Inc. (NASDAQ: $CLSK) (holding approximately 13,561 BTC) and MARA Holdings, Inc. (NASDAQ: $MARA) (holding approximately 35,303 BTC), which continue to accumulate Bitcoin, representing another financially rational path for mining companies during the BTC price downturn cycle—exchanging immediate liquidity for stable operational cash flow, avoiding the impact of single asset price fluctuations on the balance sheet.

According to Cointelegraph, the Illinois State Legislature has passed the budget for the fiscal year 2027, which includes a provision to impose a 0.2% tax on cryptocurrency transactions, to be collected by digital asset brokers. This measure, referred to as the "privilege tax," is part of the amendment to the "Digital Asset Privilege Tax Act," which includes registration requirements for any digital asset broker operating in Illinois.Starting from January 1, brokers who fail to comply with the relevant regulations may be classified as a Class 3 felony in the state, facing two to five years of imprisonment and a fine of up to $25,000. The budget has been approved by the state legislature on Monday but still requires the signature of Governor JB Pritzker to take effect. JB Pritzker has publicly stated multiple times that he plans to sign the bill as soon as possible, but as of Friday morning, he has not yet signed it. Legislators expect that the cryptocurrency tax will generate $60 million in revenue for the state.

According to monitoring by Catcher Predict, in the event "Maxx Crosby's Destination in 2026" on the prediction market Polymarket, the "Yes" option in the sub-market "Las Vegas Raiders" experienced significant fluctuations, soaring from 60.35% an hour ago to the current 79.4% (a fluctuation of 19.05%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the event "Maxx Crosby's Destination in 2026" on the prediction market Polymarket, the probability of the "Yes" option in the sub-market "Philadelphia Eagles" has experienced significant fluctuations, rising from 8.9% an hour ago to the current 26.45% (a fluctuation of 17.55%). Please note the impact of related breaking news.

According to a report by Reuters, two informed Greek government officials revealed that the Greek Ministry of Finance is preparing legislation to impose a 15% capital gains tax on cryptocurrencies, which is expected to be submitted to parliament for review in the coming months.Under the plan, the first 500 euros of earnings for each taxpayer will be tax-exempt; individual mining activities will not be taxed, but mining companies registered as businesses will be taxed. Currently, Greece does not have a complete tax framework for cryptocurrencies, and the tax rates vary significantly among EU countries, ranging from 8% in Cyprus to 30% in France.Officials stated that due to most Greek investors using offshore platforms, it is currently difficult to estimate the size of the country's cryptocurrency market, and there are no specific revenue forecasts available.

According to monitoring by Catcher Predict, in the event "Maxx Crosby's Destination in 2026" on the prediction market Polymarket, the "Yes" option in the sub-market "Detroit Lions" has experienced a dramatic fluctuation in winning probability, soaring from 8.95% an hour ago to the current 36.2% (a fluctuation of 27.25%). Please note the impact of relevant breaking news.

According to Barron's, Morgan Stanley's wealth management division has partnered with Galaxy Digital, allowing high-net-worth clients holding Bitcoin, Ethereum, or Solana to convert their direct holdings into a spot crypto ETF.The converted ETF can be used as collateral for financing, with a minimum trading threshold of $5 million. In July 2025, the SEC approved a physical conversion mechanism between directly held crypto assets and spot crypto ETFs, laying the regulatory foundation for this collaboration.

Recently, the positive overlap mapping of Marvell (MRVL) called out by NVIDIA CEO Jensen Huang has led to unprecedented funding attention for both AI chip companies in the derivatives market, with significant increases in stock prices and trading volumes.According to Gate market data, NVIDIA (NVDAX) is currently priced at $215.19, with a nearly flat 24-hour price change; Marvell Technology (MRVL) is currently priced at $299.03, up 0.97%. CoinGlass data shows that the 24-hour trading volume of NVDAX contracts on the Gate platform reached $4.3017 million, ranking first in the entire network; MRVL contracts had a 24-hour trading volume of $6.3152 million, also ranking among the top.