finance

Crypto journalist Eleanor Terrett revealed that three informed sources disclosed that U.S. government officials will hold a meeting with law enforcement groups at the White House on Wednesday to address concerns that certain provisions in the Clarity Act (including developer protection provisions derived from the Blockchain Regulatory Certainty Act) may increase the difficulty of cracking down on illegal finance.This issue, along with the ethical provisions, is one of the main obstacles that must be resolved before the bill is submitted for a full vote in the Senate. Several Democrats have stated that they will not support the bill unless the concerns of law enforcement are adequately addressed. Prior to this meeting, the crypto industry has conducted broader outreach, including holding town hall meetings and inviting former law enforcement officials currently working in the crypto industry to participate in lobbying.

According to the latest research report "Institutional Footprints" released by CryptoQuant, Gate has performed outstandingly in several core indicators such as institutional trading activity, market liquidity, and TradFi derivatives trading, becoming one of the trading platforms with the highest institutional participation in the current crypto market. Among them, Gate ranks first in the average trading volume indicators in four major markets: Bitcoin spot, Bitcoin perpetual contracts, Ethereum spot, and Ethereum perpetual contracts, reflecting that institutional funds continue to gather at Gate. In addition, Gate ranks third globally with a cumulative spot trading volume of $253 billion for 2026, firmly establishing itself among the top global crypto asset trading platforms.It is noteworthy that as traditional finance and the crypto market accelerate their integration, Gate has performed particularly well in the TradFi perpetual contract sector. In March of this year, Gate's monthly TradFi perpetual contract trading volume approached $290 billion, setting an industry-leading level. CryptoQuant believes that with its layout of tokenized stocks, metals, index products, and a 24/7 derivatives trading system, Gate is at the forefront of the integration of traditional finance and crypto finance.

According to TenArmorAlert monitoring, Ambient Finance on Ethereum was attacked, resulting in a loss of approximately $110,600.

According to Bloomberg, the U.S. government is betting that stablecoins issued by private entities like Tether, pegged to the U.S. dollar, will expand to a scale of about $3 trillion in the coming years to support the international dominance of the dollar and absorb more demand for U.S. Treasury bonds.However, the article points out that the current mainstream stablecoin issuers are concentrated in Tether, which has questionable compliance and anti-money laundering practices in its registered location. In the event of a run or smart contract failure, this could impact the large amounts of U.S. Treasury assets it holds and disrupt global payments and settlements. The European Central Bank is advancing the use of central bank digital currencies and "tokenized euros" to support atomic settlements, in order to avoid being locked into critical financial infrastructure by U.S. private dollar tokens.

According to Bloomberg, the U.S. government is betting that stablecoins issued by private entities like Tether, pegged to the U.S. dollar, will expand to about $3 trillion in the coming years to support the international dominance of the dollar and absorb more demand for U.S. Treasury bonds.However, the article points out that the current mainstream stablecoin issuers are concentrated in Tether, which has questionable compliance and anti-money laundering practices in its registered location. In the event of a run or smart contract failure, this could impact the large amount of U.S. Treasury assets it holds and disrupt global payments and settlements. The European Central Bank is promoting the use of central bank digital currencies and "tokenized euros" to support atomic settlements, in order to avoid being locked into U.S. private dollar tokens on critical financial infrastructure.

The Deputy Minister of Finance of Russia, Ivan Chebeskov, stated that he does not wish to allow dollar-denominated stablecoins to circulate in the Russian market. Chebeskov pointed out that foreign stablecoin issuers such as USDT and USDC have the ability to freeze users' wallet assets. Once the relevant wallets engage in transactions with platforms licensed by the Central Bank of Russia, the risk of asset freezing for holders will significantly increase.He revealed that there have already been cases where dollar stablecoins held by Russian legal entities were frozen by the issuers, while Bitcoin and Ethereum have not encountered similar situations due to the lack of relevant technical means. The Russian Ministry of Finance believes it is necessary to establish a regulatory framework specifically for stablecoins and to prioritize the development of stablecoins pegged to the ruble and the currencies of friendly countries, while also granting the Central Bank of Russia the authority to adjust the list of relevant assets.

According to CoinDesk, Mastercard is expanding its settlement network to support regulated stablecoins, planning to offer stablecoin settlement, intraday settlement, weekend and holiday settlement services to meet the demand for real-time fund flow.The new framework will run in parallel with existing fiat settlement processes, aiming to provide financial institutions with more flexible liquidity management. Mastercard will initially support Circle's USDC, Paxos-issued PYUSD, USDG and USDP, Ripple's RLUSD, and SoFiUSD, covering blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. Financial institutions such as Cross River, Lead Bank, CBW Bank, ARQ, and Nuvei will be among the first participants.

Gate announced a strategic partnership with Alpaca, a global leader in brokerage infrastructure services, to soon launch stock and ETF trading services for Gate users, bridging the investment channel between digital assets and traditional financial markets. Leveraging Gate's global digital asset ecosystem and Alpaca's brokerage infrastructure and market access capabilities, both parties will work together to create a more convenient and efficient multi-asset investment experience. Through this collaboration, Gate will introduce stock trading services, providing users with trading opportunities for over 10,000 stocks and ETFs covering major U.S. securities markets, including assets listed on the New York Stock Exchange and NASDAQ. At the same time, the platform will support fractional share trading starting from as low as $1, offering users a more diversified global asset allocation choice.Gate founder and CEO Dr. Han stated that the financial system is evolving towards greater integration and connectivity. As the connection between digital assets and traditional financial markets continues to strengthen, the demand for efficient access to diverse investment opportunities is growing. By collaborating with Alpaca, Gate will provide users seamless access to real stock market investments while maintaining the convenience and efficiency of the digital asset platform. We believe that multi-asset investment access will become an important component of the next generation of global financial services. In the future, Gate will continue to explore new models connecting digital assets and traditional finance with Alpaca, enhancing global market access capabilities and jointly promoting the development of a more open, efficient, and interconnected multi-asset investment ecosystem.

According to official news, the RWA tokenization platform Ondo Finance is expected to launch the RWA perpetual contract platform Ondo Perps in the coming weeks, supporting trading with tokenized RWA as collateral.

According to Cointelegraph, Ondo Finance CEO Ian De Bode stated that the first perpetual contract platform for real-world assets (RWA), Ondo Perps, will be launched in the coming weeks.

From June 7 to 9, 2026, the Global Digital Finance Ecosystem Forum, co-hosted by XAUT ECO, the Binance community, and ListaDAO, will be held at the Hong Kong Convention and Exhibition Centre.The forum will conduct in-depth discussions on core topics such as decentralized security and stablecoin payment permissions, the global circulation and regulation of gold-backed stablecoins, the on-chain representation of real-world assets (RWA), Web3 payments and on-chain settlement, and the USD1 stablecoin ecosystem and global liquidity.The event aims to bring together global digital finance institutions and ecosystem partners to jointly explore the evolutionary path of digital gold and stablecoins, promoting the co-construction and development of a new global digital finance ecosystem.

ZachXBT stated that approximately $12.4 million in funds in the Zama cUSDC contract, which was blacklisted by Circle, may be associated with the DeFi project Overnight Finance, which has recently been embroiled in controversy due to accusations against its team of a Rug Pull.

According to Bitcoin News, Greek politician and former finance minister Yanis Varoufakis admitted that he once held 2,000 bitcoins.Yanis Varoufakis stated that he later donated all of his bitcoins due to his disagreement with the ideology represented by bitcoin.

According to Jinshi, the German Ministry of Finance stated that it seeks to implement EU-level regulation on important cryptocurrency service providers and stablecoins.

Falcon Finance officially announced the joint launch of the USD stablecoin fUSD with Anchorage Digital Bank. This product is positioned as an institutional-grade payment stablecoin compliant with the GENIUS Act framework and has been launched on Ceffu's custody and staking infrastructure.It is reported that fUSD is backed by reserves such as U.S. Treasury securities and is issued by Anchorage Digital Bank, but it does not directly pay interest or returns to holders.

According to Cryptopolitan, Kenya's 2026 Finance Bill proposes a 10% consumption tax on virtual asset service providers, which is double the 5% rate for the gambling industry. The bill also requires crypto companies to pay a one-time licensing fee of 150 million Kenyan Shillings and an annual renewal fee of 2 million Kenyan Shillings before operating in Kenya, and to submit an annual report to the Kenya Revenue Authority containing user and transaction details.Analysts believe this move could force crypto trading platforms and users to relocate their business to countries that are more friendly to cryptocurrencies, undermining Kenya's significance in the African crypto market. Protests led by GenZ have resumed in places like Nairobi, protesting the increased tax burden on digital services, cryptocurrencies, mobile, and financial transactions.

Ondo Finance announced that its founder and CEO Nathan Allman has passed away unexpectedly. Ondo stated, "Nate's talent, humility, and execution shaped Ondo as it is today. He always believed that technology could create a more open and accessible financial system, and this philosophy will continue to be reflected in everything we build in the future."The announcement stated that Ondo has established an experienced management team, and Ondo Finance's long-time president Ian De Bode will take over as CEO. Ondo noted that Ian has led the company's strategy, products, and daily operations for over two years and has the full support of the management team.