1. Director of Invest Hong Kong: Web3-related policies have been processed in the Legislative Council, which will take about one year.
2. Chen Haolian, Deputy Secretary of the Hong Kong Financial Services and Treasury Bureau: The Hong Kong government is actively participating in the value chain of virtual assets, and aims to launch a stable currency regulatory framework by the end of next year.
3. BOCI issued tokenized bills worth RMB 200 million on the Ethereum blockchain, marking BOCI as the first Chinese-funded financial institution to issue tokenized securities in Hong Kong.
4. According to Lookonchain monitoring, Justin Sun withdrew 20 million USDT from Aave and transferred about 20.4 million USDT to Binance.
5. The CEO of Coinbase stated that the U.S. encryption industry needs clear regulation, but there is a power struggle between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), which requires Congress to intervene in legislation to clarify the status of cryptocurrencies.
6. The U.S. House of Representatives submitted a bill to fire SEC Chairman Gary Gensler, or because Gensler is a supporter of cryptocurrency and critical of his leadership in the SEC.
7. In May, the market share of the decentralized exchange (DEX) reached a new high, and the transaction volume accounted for more than 20%. This trend may continue given the increasingly restrictive conditions on U.S. exchanges.
8. Data: After being sued by the US SEC, the market depth of Binance.US has dropped by 78%. The reason for the decline in depth may be the withdrawal of market makers, which has aroused concerns about liquidity.
9. Robinhood’s monthly active users in May were 10.6 million, a year-on-year decrease of 28%; cryptocurrency trading volume fell 68% year-on-year to $2.1 billion.
10. Trading platform Binance: will exchange 750 million Tethers for Ethereum directly with the Tether team to ensure the liquidity of stablecoins for our users on all chains.