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According to Digital Asset, the Financial Services Commission of South Korea plans to expand the scope of the regulatory sandbox to include the Virtual Asset User Protection Act. This move is part of a broader plan aimed at preparing the future of the financial industry by expanding services to reflect changes in the financial environment and market demands.At a recent event hosted by Financial Services Commission Chairman Lee Ik-yeon, the Commission stated that it will continue to explore and incorporate laws related to emerging fields and services, such as the Internet Banking Act and the Virtual Asset User Protection Act, into the regulatory sandbox.

About 1,200 small and medium-sized enterprises have joined the Japan National Business Enterprise Pension Fund (located in Okayama City), which plans to start investing in cryptocurrencies in the fiscal year 2026. There have been some cases of Japanese companies investing in crypto assets, but it is still relatively rare for domestic pension funds to participate directly in crypto investments.The fund plans to allocate about 1% of its total assets to cryptocurrencies and will do so indirectly by investing in passive funds managed by large hedge funds that include various crypto assets. In terms of asset allocation, its structure for the fiscal year 2025 is: 80% yen, 15% US dollars, and 5% other currencies. In the fiscal year 2026, it plans to adjust to: a reduction of yen to 70%, an addition of 10% allocation to developed country currencies, and the remaining 5% allocated to emerging market currencies, gold, and crypto assets.The main purpose of this adjustment is to diversify exchange rate risk. The fund's executive director, Ai Kuchi, stated that the status of the US dollar as a global benchmark currency may be weakening, which is why they decided to reduce their holdings in US dollars. At the same time, he pointed out that the correlation between Bitcoin and the US dollar index is almost zero, making it a tool for hedging against currency depreciation risk and enhancing the portfolio's ability to withstand inflation.

According to CryptoSlate, the Independent Community Bankers of America (ICBA) sent a letter to the Federal Reserve Bank of Kansas City, requesting a reassessment of Kraken Financial's compliance before the renewal of its one-year limited-purpose account, and to consider additional measures such as restrictions, suspension, non-renewal, or termination.

According to an analysis by Tommy, there is a significant gap in valuation and revenue conversion for Chinese open-source AI companies, with their price-to-sales ratio (P/S) far exceeding that of leading counterparts in the United States.Data shows that Zhipu, which developed the GLM 5.2 model, currently has a market value of approximately $137 billion, but its revenue for the fiscal year 2025 is about $107 million, resulting in a price-to-sales ratio as high as 1280 times; MiniMax has a market value of about $23 billion, with a price-to-sales ratio of approximately 290 times. In contrast, the valuations of leading AI laboratories in the United States are more solid, with OpenAI (valued at about $852 billion) and Anthropic (valued at about $965 billion) having price-to-sales ratios of only 34 times and 21 times, respectively.It is believed that due to overseas users' concerns about data privacy, they are unwilling to send data directly to China, resulting in the massive demand for Chinese AI companies not being converted into actual API revenue, leading to significant profit loss to overseas third-party inference service providers (such as OpenRouter, etc.). To support their current high valuations, Chinese AI companies urgently need to prove their data non-retention mechanisms and capture the market at low prices, or explore revenue-sharing and initial licensing collaborations with overseas inference platforms to expand their actual revenue scale.

According to Digital Asset, the Financial Intelligence Unit (FIU) of South Korea proposed at the FATF plenary meeting to expand the applicability of the virtual asset Travel Rule to small transactions and suggested implementing transaction restrictions on high-risk unregistered virtual asset service providers.The South Korean delegation emphasized that as the money laundering risks associated with cross-border digital asset transactions increase, member countries should apply the Travel Rule to both sending and receiving VASPs and expand its applicability to small transactions. In response to the increasing cases of criminal organizations utilizing overseas and unregistered VASPs, South Korea recommended strengthening customer identification obligations and considering transaction restrictions on high-risk unregistered VASPs.The FIU had previously advanced similar regulatory measures in the amendment to the enforcement decree of the Specific Financial Information Act, which is planned to be implemented in August, expanding the applicability of the Travel Rule from transactions over 1 million won to those under 1 million won.

According to CoinPost, the Japan National Business Enterprise Pension Fund, which has about 1,200 small and medium-sized enterprise members, plans to start investing in cryptocurrencies in the fiscal year 2026. The company plans to allocate about 1% of its total managed assets to cryptocurrencies, investing in passive funds that include various cryptocurrencies managed by large hedge funds. The asset allocation ratio for the fiscal year 2025 is: 80% in yen, 15% in US dollars, and 5% in other currencies. However, in the fiscal year 2026, the yen allocation ratio will decrease to 70%, with an additional 10% allocation to currencies from developed countries. The remaining 5% will consist of emerging market currencies, gold, and cryptocurrencies. The main goal is to diversify currency risk.The Japan National Business Enterprise Pension Fund is a comprehensive fixed-income corporate pension fund that provides retirement savings plans for small and medium-sized enterprises across the country, guaranteeing an annual interest rate of over 1.2%. The fund has about 1,200 corporate members, with more than 20,000 members, including two listed companies, and manages assets totaling approximately 21.3 billion yen. Although it is of medium size, the fund's financial condition is sound, with a funding adequacy ratio exceeding 140%.

Blockchain security company Blockaid stated that its detection system found signs of a front-end attack on the Gitcoin subdomain files[.]gitcoin[.]co, with suspected malicious code named "Eleven drainer" included in the website, used for wallet asset theft. Blockaid warns users not to interact with the website at this time, and the related issues are under investigation and repair.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale invested $110,883.28 in "Japan" during the "Tunisia vs Japan" event. Based on the current transaction price, the latest corresponding winning probability for this target is 31%.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale invested $70,431.36 in the "Tunisia vs Japan - More Markets" event, specifically targeting "O/U 2.5". Based on the current transaction price, the latest corresponding winning probability for this item is 53.82%.

In response to rumors regarding the attack on the BNB Chain OLPC/LABUBU liquidity pool, PancakeSwap's official announcement stated that the platform has noted the news related to this security incident. After preliminary verification, PancakeSwap's own smart contracts do not have security vulnerabilities. The project team is still continuously investigating the complete causes of the incident and will promptly share the latest investigation progress once more clues are obtained. Meanwhile, the official reminds users that all relevant event information should be based on content released through PancakeSwap's official channels.

According to monitoring by PeckShield, the OLPC/LABUBU liquidity pool on PancakeSwap on the BNB Chain was attacked, with the attacker stealing assets worth approximately $1.1 million. After the incident, the attacker transferred the stolen funds across chains to Ethereum and subsequently deposited 633.4 ETH into the mixing protocol Tornado Cash. In addition, the attacker sent 0.0221 BNB and 0.0411 ETH to an abandoned address, and the details of the attack and the flow of funds are still being tracked.

According to a report by Kyodo News, the Osaka Prefectural Police arrested three men on suspicion of violating the Organized Crime Punishment Law for laundering criminal proceeds on behalf of an investment fraud gang. It is said that these three individuals exchanged approximately 14 million yen from 10 victims across six prefectures into stablecoins and other cryptocurrency assets to conceal the source of the funds.According to the Osaka Prefectural Police, these three individuals belong to "over-the-counter traders" who conduct personal cryptocurrency transactions without using trading platforms and are believed to have participated in money laundering activities amounting to billions of yen.

ENS DAO has initiated a new Temp Check ("temperature check" or "preliminary review") governance proposal aimed at expanding the authority of the ENS Foundation to cover areas such as operational management, funding projects, and long-term financial management. According to the proposal, ENS token holders will retain ultimate control over the protocol and the power to remove board members.

According to Reuters, Italian crypto fintech company Conio, supported by Poste Italiane and Banca Generali, has obtained a crypto asset service provider (CASP) license under the EU MiCAR framework in Italy. This authorization was granted after review by the Italian Consob and the central bank, allowing Conio to provide services such as digital asset custody, transfers, and distribution.Reports indicate that the MiCAR transition period will end on June 30, 2026, after which unlicensed companies will be unable to provide crypto services in Italy and the EU.

Grant Cardone, CEO of the American real estate investment company Cardone Capital and billionaire, stated on the X platform: "Cardone Capital has increased its holdings by 282 bitcoins."

According to Nikkei News, on June 19, the Financial Services Agency of Japan announced a partial business suspension order for moomoo Securities, requiring it to suspend the solicitation and acceptance of new account openings from June 19 to September 18, for a period of three months. At the same time, the regulatory authority also issued a business improvement order, requiring the company to clarify the responsibility attribution, including that of management, and to develop a rectification plan to prevent recurrence.It has been disclosed that moomoo Securities engaged in improper conduct, such as making false statements to clients regarding the applicability of the Japanese Individual Savings Account system (NISA). Additionally, there are multiple internal management issues, including a long-standing lack of suspicious transaction verification and reporting, as well as insufficient cybersecurity measures. moomoo Securities is a subsidiary of Futu Holdings in Japan.

According to South Korean media SBS Biz, South Korea is considering allowing various parties, including exchanges and fintech companies, to participate in the upcoming virtual asset overseas remittance business system. This system is expected to be implemented in December this year. Relevant individuals revealed that the government has recently begun drafting the implementation details of the partial amendment to the Foreign Exchange Transaction Act and is reviewing the registration requirements for virtual asset transfer businesses.The core content of the amendment is to include cross-border virtual asset transfers within the regulatory framework of the Foreign Exchange Transaction Act, defining it as "virtual asset transfer business." Companies intending to engage in virtual asset transfer business must register with the Office of the Minister of Economy and Finance of South Korea and report relevant information through the foreign exchange computer network of the Bank of Korea when cross-border transfer transactions occur. Previously, cross-border virtual asset transactions had been outside the foreign exchange regulatory framework, raising concerns that these transactions could be used for illegal foreign exchange trading or money laundering activities. This system improvement aims to incorporate virtual asset transfer transactions into the management and regulatory system.

According to Jinshi reports, the USD/CHF has expanded its intraday increase to 0.5%, currently reported at 0.8086.

According to Jinshi reports, the USD/JPY short-term fell by 20 points, currently approaching 161.