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The Financial Services Commission (FSC) of South Korea announced the inclusion of Token Securities infrastructure in the capital market modernization reform plan, which also includes shortening the securities settlement cycle, extending trading hours, and expanding the application of artificial intelligence technology.The FSC stated that it has initiated a capital market infrastructure review meeting to coordinate government departments and market institutions to promote reforms. Among them, the proposals related to Token Securities will continue to be discussed separately through a public-private partnership committee and will be incorporated into the overall capital market reform framework in the future.According to the plan, South Korea will announce a roadmap for shortening the securities settlement cycle by October this year and plans to launch a settlement system for over-the-counter trading of unlisted stocks and fragmented investment products by the Korea Securities Depository (KSD) by the end of 2026.The National Assembly of South Korea passed relevant amendments to the law in January this year, officially recognizing blockchain distributed ledgers as a legitimate securities registration system and allowing the issuance and circulation of Token Securities.The FSC stated that once the supporting regulations and infrastructure construction are completed, the system is expected to officially take effect in February 2027.In terms of infrastructure construction, Samsung SDS won a contract with the Korea Securities Depository in May this year to build a Token Securities management platform, aiming to connect the existing electronic securities account system with blockchain data, with a target completion date of February 2027.Kwon Dae-young, Vice Chairman of the Financial Services Commission, stated that future capital market reforms will focus on four main goals: market trust, shareholder protection, financial innovation, and market access, aiming to create a real-time, continuously open, and highly digital integrated financial market.

South Korea will incorporate tokenized securities into the overall framework of capital market reform. The Financial Services Commission (FSC) recently launched a review meeting on capital market infrastructure to coordinate the advancement of reforms such as speeding up securities settlement, extending trading hours, and digital transformation.According to the plan, the tokenized securities framework will officially take effect in February 2027, and relevant subordinate regulations are expected to solicit public opinions in July this year. In terms of infrastructure development, Samsung SDS has been contracted by the Korea Securities Depository (KSD) to develop a tokenized securities management platform, aiming to integrate the existing electronic securities account system with blockchain data, with the goal of completing this by February 2027.

According to the official announcement, Gate Stocks has officially launched 7×24 hour trading services for US stocks, Hong Kong stocks, and Korean stocks. Building on the existing pre-market, intraday, and after-hours trading, it further supports overnight and weekend trading, breaking through the traditional securities market trading time limitations. It has become one of the first platforms in the industry to offer round-the-clock trading across the three major stock markets of the US, Hong Kong, and Korea, providing users with a more flexible and efficient global stock trading experience.Currently, Gate Stocks has formed a global stock trading system covering the three core markets of US stocks, Hong Kong stocks, and Korean stocks, supporting over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, and over 1,000 Korean stocks, totaling more than 12,500 stock and ETF assets worldwide, including globally representative listed companies such as Apple, NVIDIA, Microsoft, Tencent Holdings, Xiaomi Group, Samsung Electronics, and SK Hynix. Users can participate in global stock investments through a unified account using USDT, enjoy stock dividend rights, and support fractional trading starting from as low as 0.01 shares, further lowering the threshold for global asset allocation.At the same time, Gate Stocks has fully integrated into the platform's VIP level system. Users with holdings of $2,000 or more can upgrade to VIP status, enjoying an exclusive trading fee rate of as low as 0.023% and 1V1 customer manager service. In the future, Gate will continue to expand its global market coverage and improve its multi-asset trading service system, creating a more open, convenient, and efficient one-stop investment platform for global users.

Democratic senators in the United States are urging an investigation into the Trump family's alleged $500 million cryptocurrency deal with the Abu Dhabi royal family.

Rob Hocking, the Global Head of Derivatives at the Chicago Board Options Exchange (CBOE), stated that the exchange is exploring the conversion of Bitcoin and Ethereum continuous futures into perpetual futures. Previously, the Commodity Futures Trading Commission (CFTC) approved the cryptocurrency perpetual futures of the prediction market Kalshi, paving the way for similar products for other registered U.S. exchanges. Rob Hocking did not provide a timeline for the potential conversion.

According to Decrypt, the Thai Special Investigations Department (DSI) has expanded its investigation into the "gray Chinese capital" network. This network is suspected of using illegal cryptocurrency mining to launder money from phone scams and online gambling, with an annual amount involved exceeding 30 billion Thai Baht (approximately 300 million USD). Currently, authorities have seized 6,390 mining machines, with illegal electricity theft losses reaching 953 million Thai Baht (approximately 29 million USD), and arrest warrants have been issued for 4 Chinese financiers and 4 Myanmar nationals.The U.S. Secret Service has seized over 17.8 million USD in cryptocurrency assets related to key suspect Wang Yicheng, who is alleged to be connected to "pig butchering" scam operations. Additionally, the investigation also involves several officials from Thai electricity agencies and law enforcement personnel, and the case has been handed over to the National Anti-Corruption Commission for handling.

According to Onchain Lens monitoring, a certain whale deposited 2010 ETH worth 3.3 million dollars into Binance after being silent for 7 months, facing a loss of 12.7 million dollars. This whale previously withdrew 10026 ETH for 29.26 million dollars and currently still holds 8016 ETH, worth 13.24 million dollars.

Status Network announced that it will merge its gas-free and privacy L2 technology into the Linea ecosystem, becoming the native distribution layer for the latter, and will no longer launch an independent mainnet. This merger aims to unify the technical routes and liquidity of both parties, avoid ecological fragmentation, and allow Status to fully concentrate its resources on its core application, Status App.The official statement indicated that the previous pre-deposit treasury has now been closed, and the related assets will be fully migrated to the Linea mainnet. When the Linea mainnet opens for withdrawals, pre-deposit users will not only be able to withdraw their principal and accrued earnings but will also proportionally receive a total of 20 million SNT and 20 million LINEA as liquidity rewards. A detailed migration timeline and testnet developer migration guide will be officially announced next week.

Nate Geraci, President of ETF Store, posted on platform X that the Chicago Board Options Exchange (Cboe) is considering converting its Bitcoin and Ethereum continuous futures products into perpetual futures. Nate Geraci believes that traditional financial institutions are continuously being forced to respond to crypto-native innovations. He stated that this is just the beginning of traditional finance absorbing the innovations from the crypto market.

According to monitoring by Lookonchain, the whale address bc1qhx purchased 2,500 BTC (approximately $202 million) for $80,936 a month ago, and has now transferred all remaining 2,480 BTC (approximately $161 million) to Binance, with an unrealized loss of over $39 million.

According to Onchain Lens monitoring, BlackRock deposited 1,241 BTC (approximately $8.007 million) and 7,547 ETH (approximately $1.329 million) into Coinbase, totaling approximately $9.336 million.

According to Onchain Lens monitoring, the newly created wallet "0xaea" deposited 6.68 million USDC into Hyperliquid and opened a 20x short position: 430.64 BTC ($27 million), 181,245 SOL ($13 million), and 4,280 ETH ($7 million).

According to Forbes, in the 2026 U.S. Congressional primary elections, the Democratic PAC "Protect Progress," supported by Coinbase, Ripple, and Andreessen Horowitz, is making a large-scale intervention in several Black district primaries. The PAC invested over $4.9 million in Maryland candidate Adrian Boafo, helped Christian Menefee in Texas defeat anti-crypto Congressman Al Green (spending over $5 million), and invested about $4 million in Georgia to support Jasmine Clark's victory.The related campaign advertisements did not mention the cryptocurrency industry background. Journalist Joy Reid characterized this operation as "Blackwashing"—delivering funds from the crypto industry to Black districts under the guise of progressiveness while deliberately hiding the identity of the funders.Analysts point out that the core logic of this network is not based on race, but rather on supporting allies and suppressing critics, with the ultimate goal of influencing the legislative direction of the pending "Digital Asset Market Clarification Act" (CLARITY Act).

According to monitoring by Lookonchain, the Humanity Protocol attacker has exchanged part of the stolen funds for USDC and deposited them into KuCoin.

According to Onchain Lens monitoring, a certain whale deposited 5,900 ETH into Kraken, worth 10.03 million USD, incurring a loss of 9.8 million USD. This whale previously withdrew 22,951 ETH from Kraken, worth 48.95 million USD, and currently still holds 17,051 ETH, worth 29.11 million USD.

According to Onchain Lens monitoring, Arthur Hayes (@CryptoHayes, 0x795d...5eA0) deposited 6,000 ETH into FalconX and Galaxy Digital, worth 10.14 million USD.

According to an analysis of the latest leaked data by WIRED, the secretive society Dialog, co-founded by Peter Thiel, has an extremely ruthless and biased "grading and elimination" mechanism.Dialog implements a secret rule of "rating upon entry." Although the club has thousands of members, only 192 personal profiles (including 130 formal members and some candidates) were leaked and reviewed by WIRED. They reveal the club's counterintuitive hierarchy of disdain: C-level is the highest VIP, B-level is the overwhelming majority of ordinary members, while the A-level, usually regarded as the best, is actually the least known bottom tier.This rating is directly tied to members' wallets. Only about 25% of VIP "C" level big shots are required to pay the full attendance fee, while among the bottom "A" level members, the proportion paying the full attendance fee of tens of thousands of dollars is as high as 70%.Ironically, the AI screening mechanism introduced by Dialog is extremely superstitious about so-called "national recognition." For example, actor Josh Brolin, who played "Thanos," has never attended but wins VIP "C" level status due to box office success and millions of fans; meanwhile, academic giant Tyler Cowen was deemed "not famous enough among ordinary people" by the AI and nearly classified into the ordinary tier, only barely promoted to C-level through human intervention.The "value-added points" serve as a scythe for eliminating "useless people," specifically measuring members' resource connections and intellectual contributions to other club giants. After each gathering, staff review members' performances like "code review," and those with too low value-added points, cultural mismatches, or declining visibility will be ruthlessly removed from the invitation list.Additionally, the leaked database also exposed its built-in social and dating matching system (10% of members join the singles pool), which has a "no-match list" while recommending pairings.This so-called objective assessment system is also filled with biases: women make up one-third of the members but only receive 18% of VIP seats; politically, it is even harder to escape differential treatment. Although more than half of the members identify as "left-leaning," the probability of "right-leaning" members obtaining VIP status is more than twice that of left-leaning members, and even the "left-leaning" label of an environmental leader was forcibly rewritten to "right-leaning" by staff in the background.

According to CoinDesk, the Malta Financial Services Authority (MFSA) has released a discussion paper exploring how decentralized finance (DeFi) can be incorporated into the EU MiCA framework. The MFSA pointed out that while MiCA exempts "fully decentralized" crypto services, many DeFi projects still retain centralized features such as admin keys, governance centralization, and protocol upgrade permissions.The regulatory body is seeking public opinion on whether decentralization should be viewed as a "spectrum" rather than a binary concept, and discussing whether to establish a standardized framework to determine if protocols fall outside the scope of MiCA regulation. Additionally, the document proposes potential legal structures such as DAOs and segregated cell companies, and examines automated compliance mechanisms like custodial agents. The public consultation on this discussion paper is open until July 10.