Gate News bot message, Hong Kong Financial Secretary Xu Zhengyu elaborated on the regulation and application details of stablecoins during a radio interview. Xu Zhengyu pointed out that stablecoins are based on fiat currency and will achieve payment functions in the future through technologies such as blockchain. According to Zhitong Finance, the Hong Kong Monetary Authority is responsible for regulating stablecoin issuers. The regulatory principles are similar to those for traditional financial assets, and issuers must comply with reserve asset management and redemption requirements to ensure that customer assets are properly segregated. Redemption requests from stablecoin holders must be completed within one working day. Xu Zhengyu further explained that stablecoins have practical value in the "Belt and Road" region. In the face of significant fluctuations in local currency exchange rates or underdeveloped financial systems, stablecoins provide an alternative option for payments.

BlockBeats news, on June 8, according to Farside Investors data, this week the United States Bitcoin Spot ETF had a net outflow of $131.6 million, including: BlackRock IBIT with a net inflow of $81.1 million; Fidelity FBTC with a net outflow of $167.7 million; ARKB with a net outflow of $24.5 million.

Shinpei Okino, the head of capital strategy at Metaplanet, stated that preferred shares have not yet been developed in Japan, and currently, there are only a few listed cases in the market. He believes that a Bitcoin-backed preferred share strategy could attract more investors, and if relevant financial instruments can be freely traded, it would bring a positive impact to the market.

BlockBeats news, on June 8, according to GMGN market data, the on-chain Token Keeta Network (KTA) on the Base chain has a market capitalization that has surpassed 1.35 billion USD, currently reported at 1.369 billion USD, setting a historical high, with a 24-hour rise of 27.5%. It is reported that Keeta Network is a high-performance first-layer Blockchain network aimed at seamlessly supporting cross-chain transactions, enabling direct and instant asset transfers between networks.

According to ChainCatcher news, on-chain data analyst Onchain Lens (@OnchainLens) monitored that a whale spent 467.58 ETH (about 1.18 million USD) to purchase 889,283 KTA tokens. Currently, the whale holds 3.92 million KTA tokens (worth 5.37 million USD), with unrealized gains of 2.27 million USD.

According to the Gate News bot, as reported by the crypto asset monitoring account @ai_9684xtpa, a trading incident occurred on the BSC chain. A user with the address 0x927...51721 suffered a loss of 47,000 USDT during an operation to gain points in the KOGE/USDT trading pair due to the failure to enable MEV protection mechanisms. The user only acquired 0.009 KOGE tokens, with a transaction price reaching 5,181,958 USD. Source: Wu Says

Golden Finance reported that Slow Mist founder Yu Xian posted on the X platform, stating that after the Cetus theft incident was covered by the Sui Foundation, users can currently retrieve most of their funds. Slow Mist also received a $20,000 tip from Hoi (@JaceHoiX), and the hacker tracking is still ongoing.

Golden Finance reported that the decentralized AI computing network AINX has announced the completion of a $2 million seed round financing, led by AlphaGamma Ventures, with a group of angel investors from the Web3 and AI fields participating. The new funds are intended to support the development of Helioq NodeX, an edge device that serves as the infrastructure of the AINX network. It is reported that the company's roadmap also includes building a multi-chain computing leasing market, launching a decentralized AI model market, and releasing customizable AI agents and multi-modal content generation tools.

According to Gate News bot, Paolo Ardoino, the CEO of Tether, stated on social media that once Tether goes public, the company's market capitalization will reach $515 billion, ranking it 19th among global companies, surpassing Costco and Coca-Cola. Paolo Ardoino added that considering the company's currently increasing Bitcoin and gold reserves, this figure is rather conservative. He also mentioned that Tether will maintain a humble attitude and is enthusiastic about the company's future development stages.

According to Gate News bot, as monitored by @EmberCN, a Large Investor in Bitcoin has increased their holdings by 250 Bitcoins today, with a total transaction amount of 26.37 million USD. This investor had previously purchased 500 Bitcoins two years ago at a price of 27,400 USD each. After this increase, the investor's total Bitcoin Holdings reached 750 coins, with an average cost price of 53,426 USD, and current unrealized gains of 39.14 million USD. Source: Wu Says

BlockBeats news, on June 8, according to EmberCN monitoring, a Whale that accumulated 500 BTC at a price of $27,400 two years ago has continued to increase its holdings by 250 BTC today, amounting to approximately $26.37 million. Currently, this Whale holds a total of 750 BTC, with an average cost of $53,426, and unrealized gains of $39.14 million.

According to Gate News bot and reported by The Daily Hodl, T-Mobile, one of the world's largest telecommunications operators, has now begun the process of distributing $350 million in collective lawsuit settlement funds to its customers. The settlement fund is related to a massive data breach that occurred in 2021, during which the personal data of approximately 76 million American customers was compromised, involving sensitive information such as names, addresses, and social security numbers. The settlement management party has confirmed that the fund distribution work has begun and will continue over the next few weeks.

Gate News bot message, the Japanese Senate officially passed the amendment to the "Settlement of Funds Act" on June 6. According to the amendment, Japan establishes a new system for "encryption asset intermediary business", allowing companies to provide matching services without registering as encryption asset swap operators, thus dropping the market entry threshold. The amendment simultaneously introduces a new clause of "domestic retention order," authorizing the government to require platforms to keep some user assets within Japan, aimed at preventing asset outflows similar to the bankruptcy of FTX. According to CoinPost, the amendment is expected to be implemented within one year after its announcement.

Golden Ten Data, June 8, on Saturday, Trump adviser Dick Morris joked in an interview with the media that everyone was so obsessed with the "mutual tearing" between Trump and Musk that they ignored two important news that could completely change the debate on the "Beautiful Big Act". "I'm not a marriage counselor, so I can't comment on their relationship," he said. But I'm a political adviser, so let's talk about the Big Bill. "The first piece of news is that Fed data showed that GDP grew by 4.7 percent in the first two months of the quarter. The Congressional Budget Office is forecasting 1.8 percent, and if it reaches 3 percent, the budget will be balanced. Now it's 4.7 percent, and this bill doesn't increase the deficit at all, but it's great. The second piece of news is that the latest month's imports are less than half of the previous month's. This shows that Trump's tariffs are really not blown, and they will continue to exert force, which is simply amazing! "He stressed that the decision is 2026

According to Jinse Finance, Aave founder Stani Kulechov stated on the X platform that the impact of the new Aave staking module Umbrella has already been reflected. The Aave protocol is transitioning from using AAVE as the last layer of excess debt support to utilizing the aTokens generated from user staking through Umbrella to produce additional income. Moreover, the Aave DAO can configure a predefined coverage amount for each staking pool, serving as the first line of defense for staker funds, which helps to mitigate protocol risks for both users and the Aave DAO without requiring a reduction in any AAVE. Aave V4 will introduce more Risk Management features, and unlike other protocols that focus on assuming risks and increasing tail risks, the community will still prioritize user safety.

The secondary market operation wallet of DWF Labs has withdrawn 7 kinds of alts from the Centralized Exchange within a month, with a total expenditure of about $6.43 million. Currently, six projects are experiencing unrealized losses, with a total unrealized loss of about $850,000. The main purchased Tokens include JST, MANTA, YGG, etc.

Jin10 reported on June 8 that on the evening of June 7 local time, the Israel Defense Forces issued a statement and released related footage, stating that the Israeli military discovered that Hamas had built tunnels and other infrastructure underground at the European Hospital in Khan Younis, southern Gaza, during recent operations, and had established a command and control center. The Israeli military found the bodies of several armed personnel in the underground facility, and their identification is currently being confirmed. The Israeli military believes that among them is very likely Hamas leader Mohammed Sinwar.

Ethereum ETF has seen a net inflow of funds for 15 consecutive days, totaling $3.33 billion, marking the longest net inflow period since November 2024. Despite the Ether price rising by 40%, analysts point out that user activity has not yet returned to pre-upgrade levels. Institutional capital inflow helps stabilize market sentiment.

Gate News bot message, Dougie DeLuca published an article discussing the limitations of the current token generation event (TGE) models. The article points out that the two mainstream TGE models, "low circulation/high fully valued issuance" and "fair issuance," each have their own issues: the former leads to insider arbitrage, while the latter faces difficulties in project financing. In response to these challenges, the author proposes the "Native DeFi TGE" solution. This solution aims to create a framework that deeply aligns the interests of all parties by integrating on-chain price discovery, a progressive unlocking mechanism, and incentives for liquidity providers. The author believes that this model helps build a healthier market structure, supporting the long-term development of crypto projects.

BlockBeats news, on June 8th, the blockchain data analysis platform Arkham announced it will integrate Plasma, which is a blockchain specifically designed for stablecoin payments and real-world assets.

Gate News bot message, NBC reports, Trump speaks out against Musk on the budget proposal issue. Trump stated that if Musk funds candidates supporting the Democratic Party against the Republican budget proposal, he will face "very serious consequences." Trump stated in a statement: "If he does that, he's going to pay a price." but did not elaborate on specific measures. In addition, Trump expressed his attitude towards repairing the relationship with Musk: "I think the relationship is over." Two individuals previously had a public dispute on social media over the budget plan led by the Republican Party, during which Trump pointed out that Musk "shows extreme disrespect for the presidency."

Gate News bot message, the Argentine Anti-Corruption Office (OA) ruled on President Javier Milei's promotion of Libra ($LIBRA) Crypto Assets. The Anti-Corruption Office confirmed that the crypto assets promotional content published by Milei through his personal account does not constitute official government action or endorsement and does not violate public morality regulations. According to TheBlock, although the administrative investigation has ended, the related investigation by the federal criminal court is still ongoing, while class action lawsuits from Argentina, the United States, and the United Kingdom are also in the process of being heard.

On June 8, Jin10 reported that U.S. President Trump posted on Truth Social stating that if California Governor Newsom and Los Angeles Mayor Karen Bass cannot do their jobs (which they are known not to be able to do), then the federal government will step in to appropriately resolve the issues of riots and looting!!!

PANews June 8 news, according to Crypto.news report, CryptoSlam data shows that the NFT market has shown a mild recovery in the past week, with a transaction volume rise of 1.95%, reaching 106.2 million USD. The number of NFT buyers increased by 55.08%, reaching 826,992 people. Meanwhile, the number of NFT sellers rose by 18.12%, reaching 257,017 people. However, the number of NFT transactions decreased by 24.94%, to 1,651,758 transactions. The Ethereum network leads with a trading volume of $30.3 million, but its trading volume has decreased by 15.57% compared to the previous week. The Immutable network surged to second place with a trading volume of $16.4 million, with a rise rate of 123.21%. The Bitcoin network ranks third.

Jin10 data June 8 news, on June 7 local time, U.S. President Trump stated that if Musk funds Democratic candidates opposing the Republican budget proposal, he will face "very serious consequences." Trump said, "If he does this, he will pay the price for it." However, he did not disclose specific measures. Trump added that he has no intention of repairing his relationship with Musk, saying, "I think that relationship is over."

Golden Financial reports that Eric Balchunas, a senior ETF analyst at Bloomberg, stated on the X platform that there is a high possibility of active trading Meme coin ETFs appearing at some point in the future. Firstly, the market will welcome a large number of active Crypto Assets ETFs (expected in the winter of 2025), but the active Meme coin ETFs may not appear until 2026, and it may even give rise to the next star fund management company.

According to a report by Jinse Finance and data from Etherscan, the Ethereum gas fee is currently reported at 1.167 Gwei.

According to Gate News bot, as reported by Wu, the Cetus Protocol is set to restore all functions on June 8, 2025, at 3:00 UTC. At that time, users will be able to use all services including trading, Liquidity management, and rewards collection. To address the liquidity supplementation, the team has deployed three specific measures: to retrieve the attacker’s assets and rebalance through on-chain voting by Sui validators; to invest approximately $7 million in missing assets; and to obtain a $30 million USDC loan from the Sui Foundation. In the compensation plan, the total amount of CETUS tokens for compensation is 15% of the token supply, of which 5% will be available for withdrawal when the platform restarts, and the remaining 10% will be unlocked linearly over the next 12 months. The team has clearly stated that there will be no token issuance, only minor adjustments to the release plan. If assets are recovered in the future, they will be used for user compensation or CETUS buyback. Source: Wu Says

PANews June 7 news, according to Cointelegraph reports, Technical Analysis shows that Bitcoin's weekly chart has a bearish divergence in RSI similar to the top of the cycle in 2021, which may result in a pullback of more than 50%, falling towards $64,000. Trader Peter Brandt warned that Bitcoin must quickly reclaim its parabolic trend line, otherwise its bull run may end before reaching the target price of $150,000.

PANews June 7 news, Sonic Labs tweeted that the S Token Airdrop will span multiple quarters. Out of a total of 190.5 million $S Airdrop, a portion of undisclosed tokens will be distributed after the first quarter review is completed.

Jin10 reported on June 7 that on June 7 local time, the Coordinating Headquarters for the Treatment of Prisoners of War in Ukraine stated that Russia's claims regarding Ukraine's delay in the exchange of detained personnel are inconsistent with reality and do not conform to the protocol concerning the exchange of detained personnel and the return of remains. Ukraine has submitted a clear exchange list, which was formulated based on the categories agreed upon in Istanbul. The Russian side submitted a different list that does not comply with the agreed-upon method. Ukraine has provided a relevant response and is now awaiting the next steps from Russia. Both sides reached an agreement on the return of remains, but a specific date has yet to be determined. Russia has taken unilateral actions, and there has been no constructive dialogue from the Russian side.

On June 7, local time, the Coordination Headquarters for the Treatment of Prisoners of War in Ukraine informed that Russia's statement on the postponement of the exchange of detainees by the Ukrainian side is inconsistent with reality and does not conform to the agreement on the exchange of detainees and the return of remains. The Ukrainian side has submitted a clear list of exchanges, which are drawn up on the basis of the categories agreed in Istanbul. The Russian side submitted other lists that did not correspond to the agreed methodology. Ukraine has already given a relevant response and now expects the Russian side to take the next step. The parties have reached an agreement on the return of the remains, but no specific date has yet been set. Russia has acted unilaterally. The Russian side did not engage in a constructive dialogue.

Golden Finance reports that according to BitcoinNews, the second phase launch of the European Central Bank Digital Currency (CBDC) will start in October this year.

BlockBeats News, on June 7, the relationship between Musk and U.S. President Trump broke completely, and the two sides recently scolded each other on social platforms. Musk said that "Trump would not be president at all if it weren't for himself", and Trump countered that Musk "has gone crazy". The fuse of this contradiction is that Musk openly opposes the "big and beautiful bill" proposed by the Trump administration, and said that the bill will increase the fiscal deficit, especially the reduction of electric vehicle tax credits, which is extremely bad for Tesla. As the relationship between the two became public, Tesla's stock price became the biggest victim of the market, and investors sold off the stock as they worried about Tesla's future prospects. On June 5, Tesla's stock price fell more than 17% at one point during the session, and finally closed down more than 14%, wiping more than $150 billion from its market value. This incident caught the attention of BiyaPay users, BiyaPay Ping

BlockBeats news, on June 7, U.S. Vice President Vance stated that he hopes Musk can return. (Jin10)

As of June 7, the market shows a bearish trend, with funding rate data from mainstream CEX and DEX revealing this phenomenon. The funding rate is a mechanism used by trading platforms to balance the contract price with the underlying asset price, and the current rate is less than 0.005%, suggesting a generally bearish sentiment in the market.

Gate News bot message, according to Bitcoin Magazine, Japanese listed company Remixpoint announced the addition of 44.8 coins of Bitcoin, with a transaction amount of 4.7 million dollars. This purchase is another important investment following the company's acquisition of 31.9 coins of Bitcoin on May 26 (worth about 500 million yen, at a unit price of 15.67 million yen). On April 24, Remixpoint's board of directors passed a resolution to invest an additional 1 billion yen in crypto assets.

European Central Bank board member Vujcic stated that the interest rate reduction cycle is nearing its end and believes that the current monetary policy is appropriate. He emphasized the need to monitor economic data to adjust interest rate judgments, which has sparked discussions about future policies.

BlockBeats News, on June 7, Circle (CRCL), the issuer of USDC, the world's second-largest dollar stablecoin, landed on the New York stock market at an issue price of $31 on June 5, rising 168% on the first day of listing, and rising nearly 30% on June 6, up 247% in two days. This listing is seen as an important milestone in the formation of stablecoin regulation and the integration of mainstream finance. Bitunix analysts suggest that stablecoins are moving towards a new stage of "sovereign regulation + financial application", and USDC, as a representative of high compliance, has medium and long-term growth potential. In the short term, CRCL listing speculation should pay attention to the risk of a pullback, and if the market's optimism about regulation continues, you can pay attention to compliant stablecoin project tokens or financial application sectors (such as cross-border payments, RWA). In the medium term, you can pay attention to the DeFi protocol-related asset table with a high degree of integration with USDC

The Bitcoin Core Project declares that users can freely choose Bitcoin software and policies, rejecting mandatory updates. Developers are committed to optimizing software performance while introducing strategies in transaction relay to ensure the decentralization and fairness of transactions.

Jin10 reported on June 7 that the health department of the Gaza Strip announced in the afternoon of the 7th local time that since the outbreak of large-scale conflict between Israel and Palestine on October 7, 2023, the military actions of the Israeli army in the Gaza Strip have resulted in 54,772 deaths and another 125,834 injuries. The death toll since March 18, 2025, has reached 4,497, with 13,793 injuries.

According to ChainCatcher news, as reported by Cointelegraph, Pump.Fun announced that it will allocate protocol revenue to PUMP token holders. The project may implement this distribution plan using a buyback-based utility structure.

Jin10 data reported on June 7th that Bank of England monetary policy committee member Green stated at an economic conference on Saturday that despite a short-term acceleration in consumer price growth, the UK's anti-inflation efforts will continue. Green said: "The process of anti-inflation is still ongoing, although inflation has actually risen in the past few months, and we expect it to continue rising in the third quarter of this year." Green noted: "Despite facing short-term price peaks, we expect the inflation rate to continue to decline towards our 2% target in the medium term." Green is seen as one of the most hawkish officials at the Bank of England. Although she supported the decision to cut interest rates by 25 basis points to 4.25% last month, she, like some other policymakers, tends to favor keeping borrowing costs unchanged.

PANews, June 7 news, El Salvador has increased its holdings by 7 Bitcoins in the past 7 days, bringing its total Bitcoin holdings to 6,199.18, with a total value of 6.51 million USD.

Gate News bot message, Shan Dian Huang Shiliang shared his experience of arbitrage during the EOS ICO. During the ICO phase of EOS, the primary and secondary markets operated in parallel but had price differences, creating arbitrage opportunities. At that time, in the last few minutes of trading, hackers would initiate high ETH gas transactions, causing congestion on the ETH chain and preventing other investors from injecting ETH into the EOS ICO contract. Ultimately, the EOS ICO issued a total of 900 million tokens, raising 7.2 million ETH, with a total value of 4.2 billion USD. Huang Shiliang pointed out that he gained profits through arbitrage, but in the subsequent years of reflection, he realized that this also brought some negative consequences. (Source: wublock123)

Gate News bot message, according to the defioasis data dashboard, in the past month, the average FDV of tokens graduating from Pump Fun to the DEX market has maintained at 80,000 to 100,000 USD, with a median FDV of over 4,000 USD. The average FDV of the top ten tokens by daily graduating market capitalization is between 500,000 to 2,000,000 USD. When large cap tokens are expedited, the average value exceeds 10,000,000 USD, but the recent two high values were driven by low circulating Rug tokens. Data shows that the graduation rate of Pump Fun from the internal market to the external market is between 0.7% and 1%, with a daily graduation of approximately 200-400 tokens. Source: Wu Says.

Golden Ten Data on June 7, local time on June 7, according to RIA Novosti, Sergei Lebedev, coordinator of pro-Russian underground organizations in the Nikolaev region of Ukraine, said that the Russian army killed and wounded hundreds of Ukrainian military personnel in the operation against Kharkiv, Ukraine. Lebedev said that the Ukrainian army in the Kharkiv direction suffered heavy losses. He said that hundreds of militants were killed, and the Russian army successfully struck the communications and logistics systems of the Ukrainian side, disrupting the rotation of its troops and the supply of weapons on the front line. Earlier in the day, the mayor of Kharkiv, Ukraine, Terekhov, reported that the city of Kharkiv was attacked by Russian troops in the early morning of the 7th, killing 3 people, injuring 21 people, and damaging 18 apartment buildings and 13 private houses.

BlockBeats news, on June 7, ECB board member Vujcic stated that the ECB's interest rate cuts are nearing their end. (Jin10)

PANews June 7 news, according to Globenewswire, NASDAQ-listed spirits manufacturer Heritage Distilling (stock code: CASK) officially announced the establishment of a Crypto Assets financial reserve strategy, transitioning from traditional consumer packaged goods to products built on Blockchain technology and integrated with Crypto Assets, becoming a Crypto Assets company. It also announced that its pre-sale products will support Bitcoin purchases.

BlockBeats news, on June 7, according to Coinglass data, if Bitcoin breaks through $106,000, the cumulative short order liquidation intensity of mainstream CEX will reach $1.141 billion. Conversely, if Bitcoin falls below $103,000, the cumulative long order liquidation intensity of mainstream CEX will reach $1.388 billion. BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The columns on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart illustrates the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation column" indicates that once the price reaches it, there will be a stronger reaction due to liquidity waves.

Jin10 reported on June 7 that on June 7 local time, the Ukrainian air force announced that a Russian Su-35 fighter jet was shot down during an operation in the Kursk direction that morning. The Ukrainian air force has not disclosed any relevant details. The Russian side has not yet responded to this claim.

Former U.S. President Trump recently reposted an article on Truth Social, acknowledging his Memecoin (TRUMP) as a public political sentiment indicator. The TRUMP token is currently priced at around $10, down 85% from its historical high. 73.52% of the tokens have not yet been unlocked, which may exert pressure on the market. Industry insiders believe that the short-term fluctuation of memecoins is influenced by speculation, while the long-term trend reflects the public's expectations of Trump's political prospects.

Golden Ten Data reported on June 7 that in 2025, driven by preferential policies such as "one trip a week", "one visa for multiple trips" and "Macao cars going north", the flow of people entering and leaving Macao at various ports in Macao will continue to operate at a high level, and the volume of customs clearance will reach new highs. As of 2:00 p.m. on 7 June 2025, the total number of arrivals and departures from Macao exceeded 100 million, 18 days earlier than last year, once again setting a new record for the fastest customs clearance of 100 million. An average of 633,000 people cleared customs in Macao every day, an increase of 10.8% over the same period last year. In addition, the Border Gate took the lead in exceeding 50 million passengers on 30 May. The Hengqin Port and the Macao Port of the Hong Kong-Zhuhai-Macao Bridge also recorded 10 million annual customs clearances on 7 and 9 May, respectively, ahead of schedule.

On June 7, Jin10 reported that Bank of Japan Deputy Governor Masayoshi Amamiya stated on Saturday that the unconventional monetary easing policies adopted by central banks around the world after the 2008 financial crisis are posing challenges for global central banks. Amamiya remarked that, theoretically, central banks can print unlimited money to finance government debt, which raises subtle doubts about their large-scale bond purchases aimed at stimulating the economy. In his speech, Amamiya stated: "The key to determining whether it constitutes monetary financing lies in whether monetary policy is constrained by fiscal considerations."