News

According to Shenchao TechFlow news on June 17, HTX market data shows that BTC has fallen below $66,000, currently at $65,993.33, with a 24-hour drop of 1.28%.

TechFlow News, June 17th, according to HTX market data, ETH has broken through $1,800, currently priced at $1,800.00, with a 24-hour decrease of 1.57%.

PANews reported on June 17 that, according to The Block, a bipartisan group of lawmakers led by Senator Cynthia Lummis has written to the Treasury Department requesting the preservation of states' power to regulate stablecoins under the GENIUS Act. This act allows stablecoin issuers with a market capitalization not exceeding $10 billion to be regulated by states, provided that state-level rules are "substantially similar" to federal rules. In April, the Treasury Department released proposed rules outlining broad principles for determining whether state-level regulations are "substantially similar," but did not specify a timeline or standards for state-level regulation. In their letter, senators stated that the lack of clarity "creates uncertainty for states," and therefore requested the Treasury Department to issue guidance clarifying the application, review, and certification processes for state-level systems. The New York State Department of Financial Services introduced formal rules last week to align its stablecoin framework with the GENIUS Act.

PANews reported on June 17th that, according to The Block, activity on Pump.fun, the once dominant meme coin launch platform on Solana, continues to deteriorate, with token graduation rates, revenue, and network fees all declining sharply. The 7-day average Pump.fun token graduation rate dropped to 0.26% last week, a decrease of 80% in three months. Daily revenue in June was only about $800,000, far below the $4.8 million six months ago. The PUMP token has fallen 40% over the past six months. The decline of Pump.fun has impacted the Solana network, with daily fees dropping to 5,300 SOL in June, significantly lower than the 33,000 SOL in January. Analysts believe that a large amount of capital previously invested in the Solana meme has shifted to perpetual contract trading on Hyperliquid, consistent with the rapid growth of HIP-3.

Deep Tide TechFlow news, June 16, according to HTX market data, SOL broke through $75, currently trading at $75.02, with a 24-hour gain of 10.97%.

TechFlow News, June 15, according to Bitget market data, SpaceX (SPCX.O) saw its gain expand to 10%, currently trading at approximately $177.96. Its market cap reached $2.33 trillion, once again surpassing TSMC (TSM.N) and approaching Amazon (AMZN.O).

PANews reported on June 16th that, according to The Block, Standard Chartered Bank predicts that Uniswap's UNI token could increase 40-fold to $100 by the end of 2030. The bank believes that the value of tokenized assets active in DeFi will increase 37-fold by 2030, from which Uniswap is expected to benefit. Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, predicts that on-chain tokenized assets will grow from approximately $340 billion currently to $4 trillion by the end of 2028, with the share used for DeFi rising from 3.5% to 30%, and DeFi's total value locked (TVL) increasing to approximately $2.7 trillion. The bank forecasts UNI to reach $6.50 by the end of 2026, $20 by the end of 2027, $40 by the end of 2028, $65 by the end of 2029, and $100 by the end of 2030. Standard Chartered points out that Uniswap has generated approximately $21 million in protocol fees since introducing the fee switch and has burned 5 million UNI tokens. Combined with a one-time burn of 100 million UNI tokens, the total supply has decreased from 1 billion to 895 million, and the circulating supply has decreased to 622 million. This supply contraction has provided support for the UNI price. On the risk side, smaller DEXs may build better products for specific use cases, and tokenized RWA requires stronger commercialization efforts and cooperation with traditional financial institutions.

PANews reported on June 16th that, according to The Block, SpaceX went public on Nasdaq last Friday with a valuation exceeding $1.7 trillion. On that day, the trading volume of SPCX perpetual contracts on Hyperliquid reached $1.4 billion, accounting for 30% of the total trading volume of HIP-3. In the preceding three weeks, the average daily trading volume of SPCX was only $26 million. In the first half of June, the total trading volume of equity-linked perpetual contracts exceeded $18.8 billion, while the combined trading volume of crude oil and Brent crude oil contracts was $7.66 billion. As the HIP-3 market has become a 24-hour hedging and speculation venue outside of US stock cash trading hours, market share has shifted from commodity perpetual contracts, which dominated in the first quarter, to equity perpetual contracts. Trade.xyz drives a significant share of HYPE buyback flows through fee distribution. Notably, Bybit, Binance, and Bitget canceled their SpaceX IPO tokenized share allocation plans and issued refunds due to insufficient underlying shares to meet customer subscriptions. HYPE prices rose approximately 10% on the day of SpaceX's listing.

Deep Tide TechFlow News, on June 15, the Korea KOSPI index opened up 425.23 points, a gain of 5.23%, at 8548.85 points on Monday, June 15. The Nikkei 225 index opened up 858.13 points, a gain of 1.30%, at 66878.17 points on Monday, June 15. (Jinshi)

Deep Tide TechFlow News, June 15 - According to Xinhua News Agency, the UK, France, Germany, and Italy issued a joint statement stating that after the US and Iran reached an agreement to end the war, the parties are prepared to lift sanctions related to Iran in exchange for Iran taking measures regarding its nuclear program.