ChainCatcher news, according to a warning from the International Monetary Fund (IMF), the upcoming Trump tax bill may complicate the task of reducing fiscal deficits and debt burdens in the coming years.IMF spokesperson Julie Kozack stated that the U.S. needs to gradually reduce public borrowing in order to significantly cut the debt-to-GDP ratio, which is an important measure of debt sustainability.Kozack said, "The bill seems to contradict the goal of mid-term debt reduction." The IMF typically defines "mid-term" as three to five years. According to data from the Congressional Budget Office, the bill will increase the deficit by $3.3 trillion. (Jin Shi)

ChainCatcher news, according to market news, the U.S. House of Representatives is scheduled to debate and vote on Trump's tax cuts and spending bill (the "Beautiful Bill") on Wednesday local time. (Jin Shi)

ChainCatcher news, according to Tonghuashun reports, the secretary of the chairman of the listed technology company Qitian Technology stated in response to the question "Does the company have plans to participate in the application for the first batch of stablecoin licenses in Hong Kong" that "the company currently has no plans to participate in the application for the first batch of stablecoin licenses in Hong Kong."

ChainCatcher news, the CEO of the blockchain game Battle for Blockchain announced that the on-chain game development company Minters Dev will soon shut down, and its game Battle for Blockchain will officially cease operations after entering maintenance mode for the next 30 days.The company was founded in 2022 and successfully launched two fully on-chain games on the mainnet, as well as developed multiple products for top cryptocurrency clients. Although Battle for Blockchain attracted over 700 daily active users and had a 7-day retention rate of 48%, the team faced multiple challenges such as funding shortages, technical difficulties, and market competition.The founder stated that the excessive growth of automated activities in the game led to user attrition and a decline in token prices, creating a vicious cycle, ultimately leaving the team unable to continue operations.

ChainCatcher message, according to HyperInsight monitoring, the "Three-War ETH 100% Win Rate Whale" has seen its floating profit on 50,000 ETH short positions narrow to 10.84 million dollars. On June 11, this whale held 40,000 ETH short positions, with floating profits exceeding 20 million dollars when ETH dropped to 2,200 dollars, but did not take profits. The current position is as follows:10x short on 50,000 ETH, opening price 2,725 dollars, liquidation price 2,829 dollars.

ChainCatcher news, according to CoinDesk, Ripple Labs announced the withdrawal of its cross-appeal against the U.S. SEC and will execute the relevant terms determined by the previous court ruling. This decision signifies that the multiple rounds of legal battles since the SEC filed a lawsuit against Ripple in 2019 may come to an end.Abandoning the appeal means Ripple will accept the initial ruling of a $125 million civil penalty and may retain a permanent injunction. In 2023, Judge Torres ruled that the sale of XRP to retail investors on public exchanges does not constitute a securities transaction, but the sale to institutional investors violates securities laws.

ChainCatcher news, according to Dongfang Caifu Net, China Financial Leasing announced that the original shareholders Lin Shusong and Capital Venture have transferred a total of 121 million shares to an independent third party, Longling Capital (the offeror), accounting for approximately 34.96% of the company's total share capital, for a total consideration of 46.08 million Hong Kong dollars.According to the announcement, the offeror intends to make a full offer at a cash price of 0.38 Hong Kong dollars per share. This price represents a premium of 13.43% over the company's closing price of 0.335 Hong Kong dollars before the suspension of trading, and the total amount involved in this full offer is expected to be approximately 85.74 million Hong Kong dollars. The offeror is ultimately beneficially owned by Cai Wensheng, the founder and single largest shareholder of Meitu Company. The announcement clearly states that after the offer deadline, the plan is to maintain the company's listing status.The announcement noted that Cai Wensheng expressed his intention to transform the group into an asset management platform, focusing on investing in technology incubation companies in Hong Kong, and to increase investment in areas such as artificial intelligence, Web3 industry, and digital asset financial products, aiming to develop the group into a world-class investment holding group.According to market data, the stock price of China Financial Leasing is currently reported at 1.4 Hong Kong dollars, with a 24-hour increase of 317.91%.

ChainCatcher news, according to Hexun, the Hong Kong Special Administrative Region government published a notice in the Gazette on June 6, announcing that the "Stablecoin Regulation" will officially take effect on August 1, marking the implementation of the world's first comprehensive regulatory framework for fiat-backed stablecoins.Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue recently wrote that considering stablecoins are a relatively emerging product, the risks involved in issuance activities, user protection, as well as market capacity and long-term development, the licensing will have a relatively high threshold, and initially only a "small number of licenses" will be issued.Eddie Yue emphasized that entering the stablecoin issuer sandbox program launched by the HKMA in 2024 is not a prerequisite for future applications for stablecoin issuer licenses; on the other hand, even if an institution has entered the "sandbox," it does not guarantee that it will necessarily obtain a license. The HKMA will prudently consider all license applications according to consistent and strict standards.Eddie Yue clearly stated that applicants need to propose specific and feasible business plans and practical application scenarios, focusing on their reserve management capabilities, compliance systems, and technical security. The first batch of stablecoins will focus on cross-border trade and Web3.0 applications.

ChainCatcher news, according to Ember monitoring, the "100% win rate whale in the three wars ETH" added another 10,000 ETH short position at a price of $2452 after a rebound early this morning. He now holds a total of 50,000 ETH short positions, valued at $122 million.The 40,000 ETH short position he opened on June 11 had an unrealized profit of over $20 million when ETH dropped to $2200 two days ago, but he did not close the position. Instead, after the rebound in ETH early this morning, he added another 10,000 ETH short position at a price of $2452.His current position is: 10x short 50,000 ETH, valued at $122 million, opening price $2725, liquidation price $2828, currently with an unrealized profit of $13.71 million.

ChainCatcher news, Federal Reserve Chairman Powell will head to Capitol Hill this week, where he will face increasing pressure for interest rate cuts from both inside and outside the Federal Reserve. This hearing may rewrite the Fed's tradition of "staying away from politics" for nearly a decade.On Tuesday at 22:00, Powell will submit the semiannual monetary policy report to the House Financial Services Committee, and on Wednesday he will move to the Senate Banking Committee. Although such congressional inquiries typically focus on the economic situation and policy direction, the context this time is markedly different: not only is Trump and his administration continuously applying pressure, but there are also key fractures within the Federal Reserve. Fed governors Bowman and Waller have recently expressed support for a rate cut as early as July; both were appointed during Trump's first term and are mentioned as potential candidates to succeed Powell next year. Powell may face a bipartisan onslaught during this hearing: Republicans following Trump's call for immediate monetary policy easing, while Democratic Senator Elizabeth Warren is also calling for a rate cut.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the "Three Wars ETH 100% Win Rate Whale" has now made a floating profit of 21.56 million USD from 40,000 ETH short positions. His capital was only 3.2 million USD a month ago, and after 4 operations on ETH, it has now turned into 30.05 million USD, with a return close to 10 times.Opened a long position on ETH on 5/22, closed on 5/23, profit of 1.11 million USD;Opened a long position on ETH on 5/26, closed on 6/5, profit of 1.62 million USD;Opened a short position on ETH on 6/5, closed on 6/6, profit of 2.45 million USD;Opened a short position on ETH on 6/11, currently still open, floating profit of 21.56 million USD.

ChainCatcher news, according to Jinshi reports, investor Cathie Wood's Ark Invest has sold the second batch of Circle shares.

ChainCatcher news, AI investment research platform SoSoValue announced that its incubated high-performance trading chain SoDEX has officially launched its testnet. Starting from June 16, 21:00 Hong Kong time, global users can apply for testing qualifications through its official website. The testing phase has a total prize pool of 1 million $SOSO to incentivize users to participate in trading, strategy execution, and feedback tasks.SoDEX supports on-chain spot and derivatives order book trading, with a technical architecture based on its self-developed Layer1 public chain Value Chain. Value Chain is tailored for financial-grade applications, featuring high performance, multi-chain compatibility, and modular scalability advantages. It consists of two main parts: the EVM-compatible System Chain and the Application Chains that support modular high-performance architecture. Together, they empower SoDEX's trading ecosystem comprehensively, ensuring the efficiency, security, and stability of transactions.The official stated that SoDEX is both a product experiment based on real user needs and an important step for SoSoValue in deepening its on-chain financial infrastructure. The testing channel is now open, and specific details can be referenced in the source link.

ChainCatcher message, the Balance Foundation announced on platform X that the third batch of EPT distribution is now live, and all node holders can claim a new batch of 11,362,289 EPT tokens.