Hong Kong Legislative Councilor Wu Chi-chuang tweeted that the passage of the "Stablecoin Regulation" marks a further improvement in Hong Kong's regulation of encrypted assets. The regulation is based on international standards, establishes a high threshold licensing system, emphasizes application scenarios and business sustainability, and positions stablecoins as payment tools by the Hong Kong Monetary Authority, and communicates regulatory expectations with the market through a "sandbox mechanism." He pointed out that the key in the future is the effective connection between stablecoins and the traditional financial system, and suggested that Hong Kong could learn from the experience of the EU MiCA and strengthen cross-border coordination.

June 24th, Japanese company Metaplanet announced on Tuesday that its board of directors has approved a $5 billion capital injection into its wholly-owned US subsidiary. The company established a US branch in Miami, Florida last month for global expansion. Metaplanet stated that it has completed the initial capitalization phase and is now entering an active expansion phase.Metaplanet plans to obtain this $5 billion funding through exercising stock acquisition rights. The company began implementing a Bitcoin accumulation strategy in April 2024, believing that this will enhance shareholder value in the long term.On Monday, Metaplanet announced an addition of 1,111 bitcoins to its treasury, bringing the total holdings to 11,111 bitcoins. According to bitcointreasuries.net data, this makes Metaplanet the eighth largest corporate Bitcoin holder, with only 398 bitcoins less than Tesla.

according to official sources, Binance Lending has upgraded the new way of repaying borrowed coin orders at maturity. With this product upgrade, users can convert their fixed-rate borrowing orders to current-rate borrowing orders when they mature, without having to repay immediately after the order matures.

according to an official announcement, London-listed technology company The Smarter Web Company announced an increase in holdings of 196.9 bitcoins, with an average purchase price of $10,389. The company's total holdings now reach 543.52 bitcoins.

 Israeli Prime Minister Netanyahu: Israel has agreed to the ceasefire plan proposed by Trump with Iran. 

Bloomberg Industry Research released a report discussing the potential of the stablecoin market in Hong Kong and its impact on the foreign exchange market. Analysts stated that since any stablecoin pegged to the Hong Kong dollar is backed by Hong Kong dollar cash or cash equivalents, stablecoins will still be affected by the exchange rate between the Hong Kong dollar and the US dollar. Even if the value of stablecoins remains stable during any potential adjustment period in the linked exchange rate, the assets supporting stablecoins may need to be revalued, leading to the belief that future stablecoins in Hong Kong may be linked to real-world assets such as real estate.

UK listed company Vinanz purchased 37.72 bitcoins at an average price of $102,056, with a total holding of 58.68 coins.

according to Onchain Lens monitoring, a whale spent 1.3 million USDC to purchase 1.579 million AERO at an average price of 0.823 US dollars.

spot gold continued to decline, falling below $3320 per ounce, down 1.45% intraday. 

according to the official announcement, Bithumb will list the HOME and NEWT Korean won trading pairs.

according to Lookonchain monitoring, about 20 minutes ago, a whale/institution (possibly related to ConsenSys) purchased another 3,704 ETH (8.91 million USD) through Galaxy Digital OTC. In the past 3 weeks, they have purchased a total of 161,112 ETH (422 million USD) through Galaxy Digital OTC.

according to a report by Cable News Network (CNN), retired US Air Force Colonel Cedric Leighton predicts that the ceasefire between Israel and Iran may "last at least for a period of time."He stated that Israel has achieved many objectives, including hitting Iran's nuclear facilities and destroying Iran's air defense systems. Meanwhile, Iran is looking for an opportunity to "regroup, figure out what their next steps are." "So in that sense, the ceasefire agreement is likely to hold, at least for a period of time," Leighton said.

Bitget Onchain has launched MEME tokens BUNK, BaoBao, and CARV in the Solana and BNB Smart Chain ecosystems. Users can start trading on the onchain trading section. Bitget Onchain aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient, and secure onchain trading experience. Users can directly use Bitget spot accounts (USDT/USDC) to trade popular onchain assets. Currently supports Solana (SOL), BNB Smart Chain (BSC), and Base and other popular public chains.

 Metaplanet has approved a $5 billion investment in its US subsidiary for Bitcoin treasury operations, aiming to hold 210,000 bitcoins by the end of 2027.

President Trump posted on his social media platform "True Social" that "Mr. Too Late" Federal Reserve Chairman Jerome Powell will explain to Congress today why he refuses to lower interest rates. Europe has cut rates 10 times, while we have cut zero times. No inflation, economic prosperity - we should lower at least 2 to 3 percentage points. This will save the United States $800 billion annually. 

 according to CME's "Fed Watch" data, the probability of a 25 basis point rate cut by the Fed in July is 20.7%, while the probability of no change is 79.3%.

according to Cryptonews, Democratic Senator Adam Schiff of California proposed a bill on Monday called the "Cryptocurrency Openness in Negotiation Act" (COIN Act), which would prohibit the President, Vice President, and their immediate family members from engaging in cryptocurrency-related business activities during their tenure.

On June 24th, according to official sources, OKX Wallet will host AlphaHaus NYC Community Night with Alpha Traders in New York. In addition, OKX Wallet and Alpha Traders will jointly support two heavyweight community events during Permissionless IV.

 according to Mustafa Al-Bassam, co-founder of Celestia, despite the increasing FUD (fear, uncertainty, and doubt) targeting Celestia in the market, all founders, early employees, and core engineers are still holding their positions, maintaining the same enthusiasm for the project as when it started. Al-Bassam stated that Celestia currently has over $100 million in reserves and over 6 years of operating funds, and the team is prepared for long-term development. He also mentioned that he has been involved in the cryptocurrency field since 2010 and understands that all tokens will experience about a 95% drawdown in their lifecycle, so he is not surprised by the current market fluctuations.

 on the 24th local time, Iran and Israel officially announced a ceasefire.