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Fox Business crypto reporter posted on the X platform that after the release of President Trump's financial disclosure documents, Senator Gillibrand once again called for advancing ethical reforms to prohibit the president, members of Congress, and their spouses from issuing or sponsoring digital assets.The financial disclosure documents show that President Trump earned over $600 million from his Solana Meme coin in 2025. At the time of this announcement, Senator Gillibrand's long-standing calls for strengthening ethical rules faced increased scrutiny, following reports that her son had raised funds and planned to launch a crypto derivatives exchange.

The Kobeissi Letter stated that foreign investors are flooding into the U.S. stock market at a record pace. The cumulative amount of global investment funds flowing into U.S. stocks since the beginning of the year has risen to about 2.5% of their total assets under management. Since May alone, this ratio has more than doubled. In contrast, the average outflow during the same period from 2002 to 2025 was 0.3%, and the current level is significantly higher than the historical average.If we exclude the top 10% of years with the highest inflows and the bottom 10% of years with the highest outflows from 2002 to 2025, the average amount of global funds flowing into U.S. stocks during the same period is about 1.5% of total assets under management. The speed of inflows into U.S. stocks this year has already surpassed the total inflow for the entire year in the middle 50% of years since 2002, and current demand for U.S. stocks is at an unprecedented level.

The Reserve Bank of India (RBI) reiterated its support for a regulatory strategy of "containment and a tendency to prohibit" regarding crypto assets in a document submitted to the Parliamentary Standing Committee on Finance, stating that "prohibition" remains one of the policy options recognized by the international regulatory framework. The RBI suggested that banks and other regulated financial institutions should not hold, trade, or provide exposure to crypto assets and privately issued stablecoins to avoid potential contagion risks to the financial system.The RBI stated that implementing traditional financial regulation on crypto assets could mislead the market, granting "legitimacy" to speculative assets that lack actual economic value and creating a false sense of security for users. The RBI also warned that the widespread use of stablecoins could undermine India's monetary sovereignty, weaken the transmission mechanism of monetary policy, disrupt the payment system, and pose risks to financial stability. Therefore, it recommended prioritizing the development of sovereign digital payment infrastructure such as Central Bank Digital Currency (CBDC). Additionally, the RBI questioned the relevant rankings claiming "India is the country with the highest global crypto adoption rate," arguing that the data from private blockchain analytics firms has methodological flaws. It pointed out that there are currently 54 crypto service providers registered with the FIU in India, with approximately 39.3 million users who have completed KYC verification holding crypto assets worth about 20.437 billion rupees. It should be clearly distinguished between speculative crypto assets and the tokenization of real-world assets (RWA) such as government bonds and corporate bonds to avoid impacting the innovation of financial asset tokenization.

According to The Block, Bernstein reiterated its outperform rating on Circle in a report released on Wednesday, maintaining a target price of $190, representing a potential upside of approximately 203%.Analysts believe that while Open USD shows that the stablecoin sector is widely recognized, it will be difficult in the short term to challenge Circle's network effects and liquidity advantages. Circle's USDC saw a trading volume of $5.3 trillion in the first half of 2026, a significant year-on-year increase, with its trading volume share rising from about 40% in 2025 to approximately 60% currently.At the same time, Bernstein also maintains an outperform rating on Coinbase, with a target price of $330.

According to The Block, Benchmark Equity Research maintains a Buy rating on Strategy and reiterates a target price of $570. This target price still has about a 515% upside compared to Strategy's closing price of $92.68 on Monday.Analyst Mark Palmer stated in the report that the digital credit capital framework launched by Strategy allows it to actively manage both ends of its capital structure according to market conditions, including repurchasing common and preferred stock when necessary, selling Bitcoin to meet obligations, and pausing additional issuances when the stock price is not at a premium.Palmer believes that this framework marks a shift for Strategy from previously issuing securities in a one-way manner to actively managing capital in both directions. He stated, "This is a significant positive for shareholders."The report also pointed out that this framework addresses market concerns about dilution and enhances flexibility through a structured repurchase plan. Palmer also believes that the authorization to sell up to $1.25 billion worth of Bitcoin is negligible compared to Strategy's reserve of approximately 847,000 BTC.

According to Cointelegraph, MidChains CEO Basil Al Askari stated that sovereign wealth funds are accumulating spot Bitcoin, indicating that the current price levels are attractive to institutional investors. Al Askari confirmed that at least one sovereign wealth fund has been accumulating Bitcoin, and a second one may join in the coming weeks. Global sovereign wealth funds control over $13 trillion in assets, and Al Askari mentioned that the current low price is seen as "an opportunity window for large funds to enter."

According to Bloomberg, AirTrunk, a data center operator under Blackstone Inc., has selected partner banks and plans to conduct a real estate investment trust (REIT) initial public offering (IPO) in Singapore.According to informed sources, the fundraising scale for this IPO is expected to be around $1.5 billion, with the listing work likely to be completed as early as this year. Currently, Citigroup Inc., DBS Group Holdings Ltd., and Jefferies Financial Group Inc. have been chosen to assist in preparing for the listing project.

According to BusinessMirror, columnist John Mangun pointed out that the European Commission recently proposed the first "comprehensive ban on third-country cryptocurrency asset services" against Russia. The underlying logic—wealthy countries can enforce compliance with their policies on any country accessing their financial systems—has far-reaching warning implications for developing countries like the Philippines.Remittances in the Philippines account for about 9% of GDP, and the proportion of cryptocurrency channels continues to rise. Although the central bank has established a regulatory framework for virtual asset service providers, its regulatory authority stops at the national border. The article cites the case of the Philippines being placed on the FATF "grey list" in 2021, indicating that once external financial connections are severed, compliance costs will be passed down, ultimately borne by ordinary remittance families. The author warns that the current debt-to-GDP ratio in the Philippines has reached 63.2%, a 20-year high. If cryptocurrency regulation is viewed solely as a consumer protection issue, while ignoring the underlying dimensions of capital accounts and fiscal sovereignty, the country may face a "Roosevelt-style four-day ultimatum" unprepared.

Chairman of the U.S. House Military and Foreign Affairs Subcommittee, Republican Congressman William Timmons, announced that a roundtable meeting will be held on June 25, focusing on how digital assets and cryptocurrencies can help individuals protect their wealth, access assistance, and maintain economic autonomy. In addition, this roundtable will also explore the intersection of digital finance and U.S. national security interests, and examine how the U.S. can promote financial innovation and maintain competitiveness in the digital finance sector.

Aave experienced approximately $8.45 billion in fund withdrawals after the KelpDAO's rsETH cross-chain bridge was attacked in April 2026, but the core functions of the protocol did not fail, successfully completing one of the largest liquidity stress tests in DeFi to date. This crisis originated from the attack on KelpDAO's LayerZero cross-chain bridge, resulting in approximately $292 million in rsETH being stolen, raising concerns in the market about the collateral value and solvency of rsETH.As rsETH is widely used as collateral in protocols like Aave, the risk quickly spread, leading to concentrated withdrawals by users, with some market utilization reaching 100% at one point, causing some users to be unable to withdraw funds immediately. In the face of liquidity tightening, the Aave risk management team initiated emergency freeze and parameter adjustment mechanisms to limit the spread of risk.Aave founder Stani Kulechov viewed this incident as proof of the maturity of DeFi, believing that the protocol continued to operate as designed under extreme pressure, demonstrating the resilience of an on-chain transparent, rules-driven system. However, several independent analysts pointed out that while Aave avoided a systemic collapse, the event exposed that the DeFi lending system still has concentration risks, liquidity risks, and contagion risks arising from high interconnectivity between protocols. The behavior of large borrowers could have an impact on the overall stability of the system that exceeds model expectations.Aave currently controls risk through multiple protective measures such as loan-to-value (LTV) limits, liquidation thresholds, supply caps, borrowing limits, Isolation Mode, E-Mode, and governance mechanisms. These mechanisms played a role during this crisis, but observers believe that the governance response speed and risk models still need further optimization to cope with future unknown systemic shocks.Analysis suggests that this incident indicates that DeFi protocols can withstand large-scale runs without external assistance, but a single stress test cannot fully prove system safety. As the composability between protocols continues to strengthen, an issue with an external asset or cross-chain bridge could still quickly evolve into a liquidity crisis for the entire ecosystem.

According to Solid Intel, asset management company Franklin Templeton has submitted a new ETF application to regulators, with a product structure that allows cash dividends from held stocks to be automatically reinvested in Bitcoin.

According to Jinshi News, Christopher Hodge, Chief U.S. Economist at the French Foreign Trade Bank in North America, believes that the Federal Reserve's statement has been significantly streamlined, with clear hawkish signals. Interest rates remain unchanged, the tendency for easing has been removed, and there were no dissenting votes. The conclusion of the statement emphasizes the commitment to achieving price stability. Overall, this is a hawkish statement.

According to Jinshi reports, the Federal Reserve FOMC statement reiterates the policy of maintaining ample reserves in the banking system and instructs the open market operations department to increase securities holdings when appropriate.

According to The Block, Benchmark Equity Research maintains a buy rating on Coinbase, with a target price of $270, representing an upside of approximately 59.5% from the current stock price. Analyst Mark Palmer stated that Coinbase's recent system updates clearly demonstrate its rapid transformation from a cyclical crypto broker to an infrastructure platform connecting the on-chain economy with traditional finance.The report highlights Coinbase's product advancements in tokenized U.S. stocks, stock and crypto options, prediction markets, AI investment tools, and agentic payment infrastructure, as well as its prior approval from the CFTC to operate as a Futures Commission Merchant (FCM), allowing it to offer global crypto perpetual contracts and options trading to U.S. clients through Deribit. Benchmark believes these initiatives further confirm that Coinbase is continuously expanding its business boundaries beyond spot crypto trading.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), reiterated that the review of cryptocurrency perpetual contracts will be conducted on a "single asset" basis. CFTC staff had previously clarified this position in the advisory opinion regarding 24/7 continuous trading, and the regulator will assess the compliance of perpetual products for different underlying assets using this framework.

According to Finance Feeds, European Central Bank President Christine Lagarde warned at the ECB meeting that Europe faces the risk of losing payment sovereignty, with dollar stablecoins and foreign networks dominating future financial infrastructure. Lagarde pointed out that Europe does not have its own pan-European card network, with international card organizations accounting for over 60% of card payments in Europe, and 13 out of 21 eurozone countries no longer having national card schemes. She stated that the digital euro could break this situation, as its status as legal tender must be accepted throughout Europe.Lagarde emphasized that tokenized finance requires central bank money to scale safely, and market participants indicated that without central bank settlement infrastructure, they would not issue digital assets on a large scale. The European Central Bank is advancing two initiatives, Pontes and Appia, and establishing connections between TIPS and India's UPI, as well as the Southeast Asia Nexus system. She warned that if member states create their own legal frameworks independently, it would legally recreate the fragmentation that technology is currently dissolving. This competition has evolved into a geopolitical and sovereignty issue.

According to Bitcoin.com, the Bank of Ghana has issued a mandatory directive requiring all regulated financial institutions to immediately cease support for unauthorized foreign currency digital wallet services provided by cryptocurrency platforms. The central bank stated that several cryptocurrency platforms operating in Ghana offer digital wallet services denominated in foreign currencies (primarily US dollars) that integrate with the local banking system through direct bank transfers, payment cards, and other channels. These cryptocurrency platforms are not authorized to conduct such activities.The central bank pointed out that these foreign currency digital wallets involve compliance requirements under the Payment Systems and Services Act of 2019 and the Foreign Exchange Act of 2006. Due to the lack of necessary approvals for cryptocurrency platforms, the banking infrastructure supporting these services is illegal. The directive takes effect immediately and applies to banks, deposit-taking institutions, electronic money issuers, and payment service providers, prohibiting the establishment or maintenance of any arrangements supporting these unauthorized fiat wallet systems. Non-compliant institutions will face regulatory or enforcement actions. The central bank has established a virtual asset service desk for businesses to consult on compliance matters.