ChainCatcher news, according to FinanceFeeds, the U.S. House of Representatives will hold a hearing on the crypto market structure bill on June 10.The bill aims to establish a comprehensive regulatory framework for digital assets in the United States, clarifying whether certain cryptocurrencies should be considered securities or commodities, thereby determining whether the primary regulator will be the U.S. Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). The bill also includes clear operational guidelines for digital asset classification, crypto exchanges, token issuers, and custodians, as well as enhanced consumer protection measures.

ChainCatcher news, according to OKX Wallet data, the functional token $BC issued by the Web3 entertainment platform BC.GAME has increased by 87% in the past 24 hours, currently priced at $0.0078, with a market cap exceeding $78 million. On-chain trading activity has significantly increased, with liquidity and market attention expanding simultaneously in the short term.Meanwhile, BC.GAME has launched a daily rebate incentive program of 1 billion $BC. The higher the daily gaming amount of users, the higher the rebate percentage of $BC they receive the next day, up to 13%. Eligible users can also qualify for a Porsche lottery. This rebate mechanism is based on the continuous release of the utility value of $BC, aiming to strengthen its circulation loop within the platform ecosystem.$BC is the core of incentives and governance within the BC.GAME ecosystem, widely used for user rewards, task interactions, and future governance modules. Multiple gaming scenarios on the platform have achieved direct pairing transactions with $BC and support its value capture in on-chain applications. As more features are gradually launched, the practicality and demand-side foundation of $BC will be further anchored and strengthened.

ChainCatcher message indicates that, according to SoSoValue data, the cryptocurrency market sector has risen for two consecutive days. Bitcoin (BTC) continues its upward trend, increasing by 1.36% in the last 24 hours, surpassing $111,000, reaching new highs. Ethereum (ETH) rose by 3.94%, approaching the $2,700 mark. Additionally, the AI sector increased by 7.44%, with Render (RENDER) and Worldcoin (WLD) rising by 9.64% and 26.78%, respectively.Meanwhile, MAG7.ssi rose by 2.29%, DEFI.ssi increased by 5.43%, and MEME.ssi went up by 4.90%.Other notable sectors include the Meme sector, which rose by 6.08% in 24 hours, with Fartcoin (FARTCOIN), Bonk (BONK), Pepe (PEPE), and dogwifhat (WIF) increasing by 11.71%, 14.59%, 16.09%, and 20.51%, respectively; the Layer2 sector rose by 5.84%, with Starknet (STRK) increasing by 12.90%; the DeFi sector rose by 4.60%, with Jupiter (JUP) increasing by 17.25%; the Layer1 sector rose by 4.12%, the CeFi sector rose by 2.71%, and Hyperliquid (HYPE) increased by 18.97%; the PayFi sector rose by 2.67%, with SafePal (SFP) increasing by 13.21%.The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiLayer2, and ssiGameFi indices rose by 7.67%, 5.57%, and 5.48%, respectively, in the last 24 hours.Additionally, due to the hacking of the Cetus Protocol in the SUI ecosystem, the SUI ecosystem sector fell by 2.40% in 24 hours, with Sui (SUI) down by 1.02%, and Cetus Protocol (CETUS), SuiPad (SUIP), and SUIA decreasing by 22.16%, 22.08%, and 24.51%, respectively.

ChainCatcher news, Ondo Finance announced the launch of the "Ondo Global Markets" platform, which will support on-chain trading of public securities (including stocks) on the Solana blockchain. As competition intensifies for the migration of traditional financial markets to blockchain, the platform plans to integrate deeply with the Solana DeFi ecosystem.

ChainCatcher news, according to CoinDesk, British blockchain technology developer R3 announced a partnership with the Solana Foundation, planning to bring over $10 billion of tokenized real-world assets (RWA) from its Corda blockchain platform to the Solana public chain. R3's existing clients include institutions such as HSBC, Bank of America, the Bank of Italy, and the Monetary Authority of Singapore. This collaboration aims to enhance asset scale through public chain liquidity.The Boston Consulting Group and Ripple's joint report predicts that the global tokenization market size will reach $18.9 trillion by 2033.

ChainCatcher news, according to The Block, despite the strong momentum for stablecoin legislation in the U.S. (such as the GENIUS Act), JPMorgan analysts are still delaying their trillion-dollar stablecoin predictions.They stated that although the U.S. regulatory framework is strengthening, predicting that the market value of stablecoins could double or quadruple from the current approximately $240 billion in the next year or two (approaching the trillion-dollar mark) is still "too optimistic."

ChainCatcher news, crypto reporter Eleanor Terrett stated that the Chairman of the House Financial Services Committee, French Hill, has scheduled the review date for the House cryptocurrency market structure bill for June 10.

ChainCatcher news, ChainCatcher Space "AI + Crypto: New Opportunities and Challenges After Market Recovery" is now live. The guests attending this Space event include: Natalia Ameline, Metis; Daniel Kwak, LazAI; Eligos, SaharaAI; and Victoria, Vana.Click to enter ChainCatcher X Space to discuss the real value of AI + Crypto, what are currently the most overestimated and underestimated directions, and what the ideal endgame of "decentralized AI" looks like, among other hot topics.

ChainCatcher news, according to Jinshi reports, Standard Chartered Bank's senior investment strategist Foo Ken Yap stated that despite growing concerns over the U.S. fiscal deficit, the Federal Reserve is expected to implement interest rate cuts to buffer the impact on the bond market and support economic growth. The bank predicts that the yield on the U.S. 10-year Treasury will decline from the current approximately 4.59% to 4%-4.25% within 12 months, while remaining optimistic about U.S. stocks, believing that strong corporate investment and resilient earnings expectations will continue to support the market. Standard Chartered also reiterated the value of gold as a hedge against inflation and recession risks, maintaining a target price of $3,500.

ChainCatcher news, according to Jinshi reports, Convera senior foreign exchange trader James Kniveton stated, "Despite the stock market decline, there has been no traditional safe-haven demand for the dollar; instead, gold, euro, and yen have benefited. During the process of Trump's spending and tax cut proposal being submitted to the Senate, there may be fiscal tightening, but market sentiment indicates skepticism towards this."

ChainCatcher message indicates that, according to SoSoValue data, various sectors of the encrypted market are experiencing a general upward trend. Bitcoin (BTC) has been on a continuous rise recently, increasing by 2.91% in the last 24 hours, with a peak surpassing $110,000 and a total market capitalization exceeding $2.18 trillion, setting a historical high on "Bitcoin Pizza Day." Ethereum (ETH) rose by 1.12%, fluctuating around $2,500.It is noteworthy that MAG7.ssi increased by 3.98%, DEFI.ssi rose by 4.30%, and MEME.ssi went up by 5.60%.Other sectors showing strong performance include: the AI sector, which rose by 6.32% in 24 hours, with Fetch.ai (FET), Bittensor (TAO), Worldcoin (WLD), and ai16z (AI16Z) increasing by 10.62%, 11.65%, 12.19%, and 12.46% respectively; the Meme sector increased by 4.95%, with SPX6900 (SPX), Popcat (POPCAT), and dogwifhat (WIF) rising by 14.58%, 14.67%, and 15.32% respectively.Additionally, the Layer2 sector rose by 3.59% in 24 hours, with Stacks (STX) increasing by 9.50%; the CeFi sector increased by 3.57%, with Hyperliquid (HYPE) rising by 14.19%; the Layer1 sector rose by 3.03%, and the DeFi sector increased by 2.68%, with Ethena (ENA) rising by 8.98%; the PayFi sector increased by 2.38%, and Monero (XMR) rose by 11.36%.The cryptocurrency sector indices reflecting historical market trends show that ssiAI, ssiDePIN, and ssiRWA increased by 8.43%, 5.57%, and 4.93% respectively in 24 hours.

ChainCatcher news, Presto Research analyst Min Jung pointed out that this increase is mainly driven by the accumulation of funds from companies such as Strategy, Metaplanet, and Twenty One Capital, indicating that this round of the bull market is more driven by institutions and long-term capital rather than retail speculation.OKX U.S. CEO Roshan Robert believes that the rise in Bitcoin is the result of multiple factors, including corporate reserve strategies, a surge in ETF fund inflows, macroeconomic uncertainty, and favorable regulatory signals.Presto Research maintains its Bitcoin price target of $210,000 for 2025, to be released at the end of 2024.

ChainCatcher news, according to Alternative.me data, the cryptocurrency fear and greed index has risen to 72 today (yesterday the index was 70), and the market remains in a state of greed.

ChainCatcher news, today marks the 14th anniversary of "Bitcoin Pizza Day." Bitcoin broke through $110,000 this morning, setting a new historical high.On May 22, 2010, programmer Laszlo Hanyecz from Florida bought two Papa John's pizzas for 10,000 bitcoins, which were worth about $40 at the time. Fourteen years later, the value of that bitcoin has increased to nearly $1 billion.

ChainCatcher news, according to Cointelegraph, the price of Bitcoin has recently surpassed its all-time high, and its total market capitalization has exceeded that of Amazon, making it the fifth largest asset in the world by market value.

ChainCatcher news, OKX Web3 wallet announced that it will suspend support for the Runes trading market on June 5, 2025. At that time, related trading functions (including listing and delisting) will be closed, and all open orders will be cleared. The wallet will still support the display and transfer of Runes assets, and the trading and transfer functions of other assets will not be affected.