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Bessent: US Strategic Bitcoin Reserve Plan Progressing Steadily
U.S. Treasury Secretary Bessent stated at a Senate Finance Committee hearing that the Treasury Department is advancing President Trump's executive order to establish a strategic Bitcoin reserve with "deliberate speed," emphasizing the adoption of "best practices" to ensure the long-term sustainability of the mechanism. Bessent noted that the strategic Bitcoin reserve is a new frontier and its implementation is relatively complex, so the government is carefully developing the custody and management framework. Currently, the U.S. government holds approximately 328,400 Bitcoins, valued at around $20.6 billion, primarily obtained from criminal and civil asset forfeitures.Additionally, Bessent called on Congress to advance the digital asset market structure bill, the CLARITY Act, which he believes is crucial for maintaining the U.S.'s leading position in digital asset innovation. The bill aims to clarify the regulatory framework for digital assets and define when crypto tokens fall under securities or commodity regulations. Relevant legislation has now entered the Senate review process. (Decrypt)
U.S. House Agriculture Committee Urges Trump to Fill Four Vacant Seats at CFTC as Soon as Possible
the leadership of the U.S. House Agriculture Committee has urged President Trump to fill four vacant seats at the Commodity Futures Trading Commission (CFTC) as soon as possible.Relevant lawmakers warned that if the CLARITY Act is passed, granting the CFTC greater regulatory responsibilities over cryptocurrencies, the current institutional setup is not yet prepared. (Cointelegraph)
US SEC Delays Approval of First Batch of Prediction Market ETFs; Over 20 Products Still Await Regulatory Clearance
a regulatory review delay by the U.S. SEC has prevented the first batch of ETF products linked to prediction markets from launching as scheduled, postponing their listing timeline. Multiple institutions, including Roundhill Investments, GraniteShares, and Bitwise Asset Management, submitted applications for over 20 prediction market-related ETFs in February this year. These event-driven products cover topics such as election outcomes, economic recessions, tech layoffs, and commodity prices.Under SEC rules, ETFs typically automatically become effective within 75 days of filing, unless the regulator requests further review. These products were originally expected to launch this week, but their listing has been delayed as the SEC has requested issuers to provide additional details on product mechanisms and disclosures. Relevant sources indicate this delay may be a short-term adjustment. These ETFs typically track "yes/no" event probabilities—such as election results or economic indicators—through derivative instruments and are linked to CFTC-regulated prediction market platforms like Kalshi. Each contract pays $1 if the event occurs, or zero otherwise.While prediction market trading has recently grown rapidly due to increased activity surrounding political events and geopolitical conflicts, it has also raised regulatory concerns regarding insider trading and market manipulation. Bitwise's Chief Investment Officer noted that innovative financial products often require a longer regulatory cycle but may ultimately succeed, emphasizing that prediction market ETFs could become a new channel for retail investors to access event-based trading. (Reuters)
Russia Advances Cryptocurrency Bill, Paving the Way for Criminal Penalties
Odaily News The Russian State Duma, the lower house of parliament, passed the first reading of the draft bill No. 1194918-8, titled "On Digital Currency and Digital Rights," on Tuesday. The bill aims to establish the core legal framework for digital currencies in Russia, directing cryptocurrency transactions to licensed intermediaries regulated by the Bank of Russia. According to the bill, Russian residents could purchase cryptocurrencies through approved intermediaries as early as July, while unlicensed platforms will be banned by July 2027.The bill introduces restrictions for retail investors, stipulating that only digital currencies with high liquidity are permitted for purchase. Relevant assets must meet criteria such as an average market capitalization exceeding 5 trillion rubles (approximately $66.66 billion) over the past two years, a daily average trading volume exceeding 1 trillion rubles (approximately $13.33 billion), and a trading history of at least five years. Retail investors are required to pass a test and have an annual purchase limit of 300,000 rubles (approximately $4,000) per single intermediary. Furthermore, the bill allows residents to purchase cryptocurrencies through foreign accounts but mandates reporting to tax authorities, while explicitly prohibiting the use of cryptocurrencies for payments.
UK FCA Releases Final Draft of Crypto Asset Framework: Custody Beyond 24 Hours and Automated Permissions to Be Regulated
Odaily News The UK Financial Conduct Authority (FCA) has released the final draft of its crypto asset framework. The new rules are scheduled to bring most crypto activities under the regulatory scope of the Financial Services and Markets Act by October 25, 2027. According to the proposal, any institution holding customer crypto assets for more than 24 hours or possessing the ability to revoke customer permissions will be considered a regulated custodian and must hold a full safeguarding license. Validators and node operators offering value-added functions such as staking rewards or reward reinvestment will lose their technical exemption. Furthermore, stablecoin issuers operating within the UK must control the entire lifecycle from issuance to redemption. Relevant institutions are required to submit authorization applications between September 30, 2026, and February 28, 2027.
Ventuals Announces Business Shutdown to Integrate into Hyperliquid Ecosystem; Relevant Markets Begin Settlement
Ventuals today announced it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official conclusion of its 24/7 private market experiments. The platform, which focuses on trading pre-IPO private tech companies, had raised over 500,000 HYPE tokens and achieved a total trading volume of approximately $650 million.The platform's existing HIP-3 markets are now entering the settlement phase. Pre-IPO markets such as OpenAI and Anthropic are settling based on a 24-hour weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodity and index markets including MAG7, semiconductors, and energy will be suspended in batches starting June 18, with open positions being auto-liquidated.vHYPE holders can redeem their staked assets at a 1:1 ratio and claim corresponding rewards. Withdrawal services will be initiated in batches starting June 19, with processing times ranging from 7 to 72 hours. The project has terminated its points and promotional activities and has clearly stated that no tokens will be issued. Officials require all users to complete fund withdrawals and wallet export operations by September 15.
Trading Protocol’s treasury attacked, suffering losses of approximately $398,000
According to on-chain analyst PeckShield (@PeckShieldAlert), the YieldCore-3rd-deal treasury under Trading Protocol was attacked, resulting in losses of approximately $398,000. The attack exploited a vulnerability in the contract—specifically, a missing caller permission check—which allowed the attacker to bypass the authorization mechanism and withdraw all funds from the treasury. Relevant on-chain transaction records have now been disclosed.
Ventuals Announces Business Shutdown to Integrate into Hyperliquid Ecosystem; Relevant Markets Begin Settlement
Ventuals today announced it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official conclusion of its 24/7 private market experiments. The platform, which focuses on trading pre-IPO private tech companies, had raised over 500,000 HYPE tokens and achieved a total trading volume of approximately $650 million.The platform's existing HIP-3 markets are now entering the settlement phase. Pre-IPO markets such as OpenAI and Anthropic are settling based on a 24-hour weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodity and index markets including MAG7, semiconductors, and energy will be suspended in batches starting June 18, with open positions being auto-liquidated.vHYPE holders can redeem their staked assets at a 1:1 ratio and claim corresponding rewards. Withdrawal services will be initiated in batches starting June 19, with processing times ranging from 7 to 72 hours. The project has terminated its points and promotional activities and has clearly stated that no tokens will be issued. Officials require all users to complete fund withdrawals and wallet export operations by September 15.
Kraken parent company Payward joins US Tech Force program
Odaily has learned that Kraken's parent company, Payward, has announced its participation in the White House-backed "US Tech Force" federal technology talent program. The initiative reportedly aims to recruit top-tier engineers to work on key areas such as artificial intelligence, cybersecurity, data modernization, software engineering, and blockchain-based security infrastructure in two-year tenures. Relevant talent will directly participate in federal projects, including the US financial system and defense technologies.Furthermore, Payward has committed to recruiting talent cultivated by the Tech Force program into its corporate team in the future, establishing a two-way talent flow mechanism between the government and the private sector, and further promoting the integration of decentralized innovation with core US infrastructure.
Hyperliquid Mainnet Launches Prediction Event for "U.S. May CPI Year-over-Year Change"
Odaily Seer Prophecy Channel monitoring shows that the Hyperliquid mainnet has now launched a prediction event for the "U.S. May CPI Year-over-Year Change," with a 43% probability of a year-over-year increase equal to 4.3%; a 40% probability of a year-over-year increase below 4.3%; and a 22% probability of a year-over-year increase above 4.3%.The judgment criteria for this prediction event will be based on the May 2026 Consumer Price Index (CPI) data released by the U.S. Bureau of Labor Statistics at 8:30 AM Eastern Time on June 10, 2026.Previously reported, Hyperliquid has supported an official prediction market based on off-chain events. Relevant markets will be published by an automated news feed software run by validators, as part of daily on-chain operations.Odaily Seer Prophecy Channel continues to monitor the prediction market, observing changes before they are priced in.
Kelp: rsETH Protocol Fully Restored – Deposits & Withdrawals Resumed on Mainnet and L2
Kelp announced on X platform that the rsETH protocol has been fully restored to normal operation. Relevant functions have been brought back online on the mainnet and all Layer 2 networks, with the overall system status returning to normal levels. The rsETH exchange rate was updated at 16:45 CET today, incorporating all staking reward yields accrued during the suspension period. Additionally, EIGEN rewards are now being distributed to rsETH holders, covering the entire suspension period.Furthermore, deposit and withdrawal functions have been reopened on the mainnet and Layer 2 networks, and the asset backing status for rsETH has been fully restored to 100%. The official statement emphasizes that rsETH is now fully collateralized on both the mainnet and L2 networks, and all operational processes have returned to normal.
UK FCA Releases Final Draft of Crypto Asset Framework: Custody Beyond 24 Hours and Automated Permissions to Be Regulated
Odaily News The UK Financial Conduct Authority (FCA) has released the final draft of its crypto asset framework. The new rules are scheduled to bring most crypto activities under the regulatory scope of the Financial Services and Markets Act by October 25, 2027. According to the proposal, any institution holding customer crypto assets for more than 24 hours or possessing the ability to revoke customer permissions will be considered a regulated custodian and must hold a full safeguarding license. Validators and node operators offering value-added functions such as staking rewards or reward reinvestment will lose their technical exemption. Furthermore, stablecoin issuers operating within the UK must control the entire lifecycle from issuance to redemption. Relevant institutions are required to submit authorization applications between September 30, 2026, and February 28, 2027.
Related news
Ventuals Announces Business Shutdown to Integrate into Hyperliquid Ecosystem; Relevant Markets Begin Settlement
Ventuals today announced it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official conclusion of its 24/7 private market experiments. The platform, which focuses on trading pre-IPO private tech companies, had raised over 500,000 HYPE tokens and achieved a total trading volume of approximately $650 million.The platform's existing HIP-3 markets are now entering the settlement phase. Pre-IPO markets such as OpenAI and Anthropic are settling based on a 24-hour weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodity and index markets including MAG7, semiconductors, and energy will be suspended in batches starting June 18, with open positions being auto-liquidated.vHYPE holders can redeem their staked assets at a 1:1 ratio and claim corresponding rewards. Withdrawal services will be initiated in batches starting June 19, with processing times ranging from 7 to 72 hours. The project has terminated its points and promotional activities and has clearly stated that no tokens will be issued. Officials require all users to complete fund withdrawals and wallet export operations by September 15.
Kraken parent company Payward joins US Tech Force program
Odaily has learned that Kraken's parent company, Payward, has announced its participation in the White House-backed "US Tech Force" federal technology talent program. The initiative reportedly aims to recruit top-tier engineers to work on key areas such as artificial intelligence, cybersecurity, data modernization, software engineering, and blockchain-based security infrastructure in two-year tenures. Relevant talent will directly participate in federal projects, including the US financial system and defense technologies.Furthermore, Payward has committed to recruiting talent cultivated by the Tech Force program into its corporate team in the future, establishing a two-way talent flow mechanism between the government and the private sector, and further promoting the integration of decentralized innovation with core US infrastructure.
Bessent: US Strategic Bitcoin Reserve Plan Progressing Steadily
U.S. Treasury Secretary Bessent stated at a Senate Finance Committee hearing that the Treasury Department is advancing President Trump's executive order to establish a strategic Bitcoin reserve with "deliberate speed," emphasizing the adoption of "best practices" to ensure the long-term sustainability of the mechanism. Bessent noted that the strategic Bitcoin reserve is a new frontier and its implementation is relatively complex, so the government is carefully developing the custody and management framework. Currently, the U.S. government holds approximately 328,400 Bitcoins, valued at around $20.6 billion, primarily obtained from criminal and civil asset forfeitures.Additionally, Bessent called on Congress to advance the digital asset market structure bill, the CLARITY Act, which he believes is crucial for maintaining the U.S.'s leading position in digital asset innovation. The bill aims to clarify the regulatory framework for digital assets and define when crypto tokens fall under securities or commodity regulations. Relevant legislation has now entered the Senate review process. (Decrypt)
Hyperliquid Mainnet Launches Prediction Event for "U.S. May CPI Year-over-Year Change"
Odaily Seer Prophecy Channel monitoring shows that the Hyperliquid mainnet has now launched a prediction event for the "U.S. May CPI Year-over-Year Change," with a 43% probability of a year-over-year increase equal to 4.3%; a 40% probability of a year-over-year increase below 4.3%; and a 22% probability of a year-over-year increase above 4.3%.The judgment criteria for this prediction event will be based on the May 2026 Consumer Price Index (CPI) data released by the U.S. Bureau of Labor Statistics at 8:30 AM Eastern Time on June 10, 2026.Previously reported, Hyperliquid has supported an official prediction market based on off-chain events. Relevant markets will be published by an automated news feed software run by validators, as part of daily on-chain operations.Odaily Seer Prophecy Channel continues to monitor the prediction market, observing changes before they are priced in.
U.S. House Agriculture Committee Urges Trump to Fill Four Vacant Seats at CFTC as Soon as Possible
the leadership of the U.S. House Agriculture Committee has urged President Trump to fill four vacant seats at the Commodity Futures Trading Commission (CFTC) as soon as possible.Relevant lawmakers warned that if the CLARITY Act is passed, granting the CFTC greater regulatory responsibilities over cryptocurrencies, the current institutional setup is not yet prepared. (Cointelegraph)
Kelp: rsETH Protocol Fully Restored – Deposits & Withdrawals Resumed on Mainnet and L2
Kelp announced on X platform that the rsETH protocol has been fully restored to normal operation. Relevant functions have been brought back online on the mainnet and all Layer 2 networks, with the overall system status returning to normal levels. The rsETH exchange rate was updated at 16:45 CET today, incorporating all staking reward yields accrued during the suspension period. Additionally, EIGEN rewards are now being distributed to rsETH holders, covering the entire suspension period.Furthermore, deposit and withdrawal functions have been reopened on the mainnet and Layer 2 networks, and the asset backing status for rsETH has been fully restored to 100%. The official statement emphasizes that rsETH is now fully collateralized on both the mainnet and L2 networks, and all operational processes have returned to normal.