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The Financial Services Agency of Japan announced personnel appointments. As part of an organizational restructuring, the agency has established a new "Department of Crypto Assets and Stablecoins," specifically responsible for regulating crypto assets and stablecoins. Toshiaki Adomi has been appointed as the first section chief.Toshiaki Adomi graduated from Osaka University Faculty of Law in 2002 and then joined the Financial Services Agency. He later obtained a Master of Business Administration from the University of Birmingham in the UK and a Master of Laws from the London School of Economics. He has held positions in bank supervision and policy coordination, and from July 2025, he will serve as a councilor in the Comprehensive Policy Bureau. Until August 1, 2026, he served as the councilor overseeing postal savings and insurance supervision.

ChainCatcher news, according to Bitget market data, on June 24, the sectors with the smallest decline were payment, decentralized stablecoins, and LSD, among which APM had a 24-hour increase of 15.37%, XAUT had a 24-hour increase of 0.08%, and TENET had a 24-hour increase of 4.93%.As of the time of writing, the top three cryptocurrencies in the real-time increase ranking are LPM, ADF, and LMWR.

ChainCatcher news, according to CNBC, a federal judge dismissed a proposed class action lawsuit against EthereumMax founder and celebrities like Kim Kardashian and boxer Floyd Mayweather for promoting the cryptocurrency.Plaintiff Ryan Huegrich filed the lawsuit earlier this year on behalf of all investors who purchased EthereumMax tokens between May 14 and June 17, 2021. Last October, Kardashian was accused by the U.S. Securities and Exchange Commission (SEC) of illegally promoting the EtherumMax tokens; she did not admit or deny any findings from the regulator and agreed to pay $1.26 million.The judge stated that the plaintiff's claims were not sufficiently supported, particularly "given the higher pleading standard for fraud claims," but he would allow the plaintiff's attorneys to refile after amending some of their claims based on certain statutes cited in the original complaint. (source link)

Chain Catcher News, the U.S. Securities and Exchange Commission (SEC) announced that it is suing Kim Kardashian for promoting EthereumMax crypto securities on social media without disclosing the details of the promotional payments she received. Kim Kardashian stated that she agreed to settle and will pay $1.26 million (which includes $260,000 in advertising fees and a $1 million penalty) and will cooperate with the SEC's ongoing investigation.SEC Chairman Gary Gensler commented that Ms. Kardashian's case serves as a reminder to celebrities and others that the law requires them to disclose the time and compensation for promoting securities investments to the public. (Source link)