ChainCatcher news, according to Money Today, South Korean payment company Danal has submitted 20 trademark applications related to the Korean won stablecoin. This move is part of a broader plan by the company to seize opportunities in the anticipated domestic stablecoin market. To address potential regulatory dynamics in the future, Danal has submitted trademark applications for names including Pitch, PCIK, KRWD, KRWS, and PSC.

ChainCatcher message, Binance announced that its Alpha purchase mechanism has added a pre-check stage. Users can perform a pre-check within 15 minutes before the purchase starts. If passed, the system will waive the facial recognition verification requirement for the next 30 minutes to enhance participation efficiency.

ChainCatcher news, the market shows that, possibly influenced by the application for a stablecoin license, Hong Kong stock Multi-Point Intelligence (02586.HK) opened up 48%, currently reported at 13.4 HKD, with a peak breaking 17 HKD, and a market capitalization of 12.1 billion HKD.

ChainCatcher news, according to crypto journalist Eleanor Terrett's comments on "Ripple's application for a national bank charter submitted to the Office of the Comptroller of the Currency (OCC)", "In addition to this application, Ripple also applied for a Federal Reserve master account through its trust company Standard Custody, which it acquired last year. Obtaining a Federal Reserve master account is more significant in terms of access than obtaining an OCC license. In terms of hierarchy, the master account is diamond level, the bank charter is platinum level, the trust company is gold level, and the money transmission license is silver level.""Historically, the Federal Reserve has resisted allowing cryptocurrency companies direct access to the payment system, although critics argue that this could reduce risk. The Federal Reserve is currently defending this position in the lawsuit involving Custodia Bank, which concerns the ability of deposit institutions to obtain master account access, with a ruling expected to come at any time."

ChainCatcher news, the Hong Kong-listed company Delin Holdings announced that it has signed a memorandum of understanding with the RWA tokenized fintech company Asseto Fintech Limited. The two parties will cooperate to promote the application of compliant digital asset products and services, including stablecoins and decentralized finance (DeFi) integration.The cooperation also includes jointly launching a compliant multi-asset strategy fund, applying for stablecoin-related licenses, and exploring the possibility of tokenized fund shares as a source of stablecoin yield.

According to ChainCatcher news, Tether has signed a Memorandum of Understanding (MoU) with the Zanzibar e-Government Authority (eGaz), marking the establishment of a strategic partnership to promote digital asset education and financial innovation in developing regions.The goal of both parties is to jointly lay the foundation for financial inclusion, local capacity building, and the enhancement of digital asset literacy, while achieving sustainable technological advancements in line with international best practices.

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, according to market news, the U.S. Securities and Exchange Commission (SEC) has confirmed receipt of the amendment to convert the Grayscale Digital Large Cap Fund into an ETF (the fund covers BTC, ETH, XRP, SOL, ADA).

ChainCatcher news, Hong Kong Financial Secretary Paul Chan published a Secretary's essay titled "A New Era for Asia," stating that the legislation for stablecoins in Hong Kong will take effect on August 1 this year. The Hong Kong SAR government and Hong Kong financial regulators will strive to create a favorable market environment, along with necessary regulatory measures, to encourage issuers to expand the application of stablecoins to various scenarios, helping to address the substantial pain points in business operations and citizens' daily lives.

ChainCatcher news, according to CNBC, renowned financial advisor Ric Edelman recently stated on CNBC's "Crypto World" program that the allocation of cryptocurrency in a portfolio can be as high as 40%, which sharply contrasts with his recommendation of a 1% allocation in his 2021 book "The Truth About Crypto."As the head of the Digital Assets Financial Professionals Council, Edelman explained that four years ago, the market was uncertain whether the government would ban Bitcoin, whether the technology would fail, or whether institutions would adopt it, and "now, all those questions have been resolved, and cryptocurrency has become a mainstream asset."Edelman stated that Bitcoin's price movements are uncorrelated with traditional assets, making it a powerful portfolio diversification tool that can enhance risk-adjusted returns. He believes that the crypto asset class offers "higher return opportunities that are difficult to find in almost any other asset class," and noted that market predictions for Bitcoin to reach between $150,000 and $250,000 by the end of the year are "relatively conservative."It is reported that Ric Edelman is one of the founders of Edelman Financial Engines, a company that manages over $290 billion in assets.

According to ChainCatcher news, the Hong Kong-listed company New Fire Technology announced the issuance of a total of 166 million subscription shares to 5 subscribers, equivalent to 22.08% of the company's enlarged share capital, with a subscription price of HKD 1.66 per share, representing a discount of 29.66% compared to the closing price of HKD 2.36 on June 27. The total amount raised is HKD 275.6 million.Major shareholder Avenir Investment (Subscriber I) increased its stake in the company from 29.08% to 29.84%; LINEX Holdings Ltd. (Subscriber II) will subscribe for HKD 124 million, becoming the largest subscriber in this round, with a shareholding ratio reaching 10%; TX Capital Holdings Ltd. (Subscriber III) will hold 1%; Night Wood (Subscriber IV), wholly owned indirectly by executive director Zhang, will hold 3.43%; Rosen Holdings Ltd. (Subscriber V) will hold 0.48%.

ChainCatcher news, according to The Block, Ethereum co-founder Vitalik Buterin has warned that the digital verification system launched by Sam Altman could undermine online anonymity. Sam Altman recently launched a new platform called World Digital IDs, which aims to provide a digital verification service for cryptocurrency users.Vitalik believes that such services could jeopardize user privacy, as they could be used to track and identify online users, thereby "killing" their anonymity. He emphasized that privacy is a crucial component of the cryptocurrency space, and such verification services could undermine that.

ChainCatcher news, the latest information from the Hong Kong Securities and Futures Commission's official website shows that BitMart officially submitted its virtual asset trading platform license application through its entity Spread Technologies Hong Kong Limited on June 27. Currently, there are a total of 10 platforms listed in the applications published by the Securities and Futures Commission, 11 licensed platforms, and a total of 15 applicants who have withdrawn or returned their applications (including resubmissions).

ChainCatcher news, Bitcoin financial services platform Avalon Labs disclosed its latest progress in advocating for crypto policy in Washington, D.C., aiming to promote clearer legislative frameworks from the government regarding crypto businesses and Bitcoin lending from the perspectives of blockchain technology innovation, job opportunities, and inclusive finance. Avalon Labs firmly believes that a clear and stable regulatory environment will help crypto businesses operate more safely and compliantly in the United States.In addition, Avalon Labs also calls on the government to support the Blockchain Regulatory Certainty Act, which aims to provide legal clarity for non-custodial crypto services and facilitate healthy industry development.

ChainCatcher news, Bakkt Holdings has submitted a $1 billion shelf registration application to the U.S. Securities and Exchange Commission (SEC). The proceeds from this fundraising are expected to be used for working capital and general corporate purposes, with some funds potentially allocated to Bitcoin or other digital assets according to the updated investment policy.Note: A shelf registration refers to a mechanism where the issuer registers once and issues multiple times based on the registration system of securities issuance.

ChainCatcher news, according to official information from Cboe BZX Exchange, Cboe BZX Exchange has submitted a 19b-4 application file to the U.S. Securities and Exchange Commission (SEC) for the Canary PENGU ETF.

ChainCatcher news, according to CryptoQuant analyst Axel Adler Jr, the Bitcoin inflow/outflow ratio (30-day simple moving average) remains high, comparable to the levels at the start of the bull market at the end of 2023, indicating that the demand for BTC in the market remains strong.

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 message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the cross-chain engine and cross-chain communication protocol Symbiosis Finance has been the project with the most unfollows from top figures on X (Twitter). The newly unfollowed influential figures on X include Mr. Block (@mrblocktw) and angel investor naniXBT (@naniXBT).