News Preview:
- Federal Reserve Chairman Powell will deliver the semi-annual monetary policy report testimony to the House Financial Services Committee
- Venom (VENOM) will unlock approximately 59.26 million tokens at 4 PM Beijing time on June 25, representing 2.84% of the current circulating supply, valued at around $10 million
- US SEC will hold a roundtable meeting on June 26 to review executive compensation disclosure rules
- Blast (BLAST) will unlock approximately 1.05 billion tokens at 10 PM Beijing time on June 26, representing 34.98% of the current circulating supply, valued at around $22.5 million
- Binance Alpha and OKX will list Sahara AI (SAHARA) on June 26
- The US will release the May PCE Price Index on June 27
June 23
Policy Regulation:
Bank of Korea Governor to Meet with Local Bank CEOs on June 23 to Discuss Stablecoins
Bank of Korea Governor Lee Chang-yong is expected to meet with commercial bank executives later this month. The meeting is scheduled for June 23 in Seoul, at a time when political interest in developing a won-backed stablecoin is growing. Lee is expected to attend the routine bank industry board meeting that day, followed by a dinner with bank CEOs, where stablecoin matters may be discussed.
[The translation continues in the same manner for the rest of the text, following the specified translation rules]Kroma L2 Network Will Close on June 26, $KRO Needs to Migrate to Ethereum
Kroma announces that its L2 network will officially close on June 26, 2025, and $KRO token holders need to migrate their tokens from Kroma L2 to the Ethereum mainnet (L1) before this date. After the migration is complete, $KRO will continue to serve as the primary token for the upcoming Kroma Protocol.
Proposal AIP-596 to Dissolve ApeCoin DAO Officially Launches Voting, Ending on June 26
Yuga Labs co-founder Garga.eth announced on X platform that the proposal AIP-596 to dissolve ApeCoin DAO has officially launched voting, aiming to further promote reforms in the ApeCoin ecosystem and orderly transfer assets and responsibilities to the new entity ApeCo established by Yuga Labs. The new entity team is reportedly composed of the current executive director of the Ape Foundation, Cameron Kates, along with other foundation members and Banana Bill team members.
Garga.eth cautioned that this AIP requires a large number of votes to pass, estimated to need 3.5% participation of all circulating tokens and an absolute majority of 66% in favor. According to voting information, the voting will end on June 26, with the current proportion of votes in favor at 99.19%.
Huma Finance Will Close HUMA Token Claim Window on June 26
Huma Finance announced that its decentralized PayFi network HUMA went live on May 26, allowing users to claim $HUMA and participate in staking through the claim.huma.finance page. Staking will earn rewards, with PST or mPST holders receiving bonus feather points, and continuous staking for 6 months will grant Vanguard identity. The claim window will close on June 26 at 23:59 (UTC).
Token Unlocks:
Blast (BLAST) will unlock approximately 1.05 billion tokens at 10 PM Beijing time on June 26, representing 34.98% of the current circulating supply, valued at around $22.5 million
Undeads Games (UDS) will unlock approximately 2.15 million tokens at 8 AM Beijing time on June 26, representing 2.13% of the current circulating supply, valued at around $2.3 million
Velo (VELO) will unlock approximately 182 million tokens at 8 AM Beijing time on June 26, representing 2.47% of the current circulating supply, valued at around $2.1 million
June 27
Macroeconomics:
At 8 PM on Friday, the US will release the May PCE Price Index. Currently, economists expect the US May PCE Price Index to increase by 2.3% year-on-year, up 0.2 percentage points from the previous month's 2.1%; the core PCE Price Index is expected to increase by 2.6% year-on-year, accelerating by 0.1 percentage points, indicating a moderate rise in inflation.
Exchanges:
Binance Futures to Launch Multiple Quarterly Delivery Contracts on June 27
According to a Binance announcement, Binance Futures will launch USDⓈ-M and COIN-M quarterly 1226 delivery contracts after 08:00 (UTC) on June 27, 2025. The new contracts cover BTC, ETH, BNB, XRP, and SOL, with up to 50x leverage and 24-hour trading. Users can only close positions in the last 10 minutes before delivery.
Project Dynamics:
Decentralized Content Distribution Network Pipe to Launch Token Sale on CoinList on June 27
Pipe Network will launch the PIPE token sale on June 27, 2025, at 01:00 (Beijing time), with the sale period extending to July 4. A total of 30 million PIPE tokens will be sold, representing 3% of the total supply. Two purchase options are supported. Option one is valued at $250 million, with 100% unlocked at TGE, limited to non-US users; Option two is valued at $200 million, with unlocking one year after TGE, open to both US and non-US users. The single account purchase threshold is $100, with a maximum of $2.5 million, supporting USDT/USDC. Built on Solana, the project focuses on a decentralized content distribution network (CDN), aiming to replace centralized servers with community nodes to improve global network performance. This round of public sale releases 3% of tokens, with investors including Multicoin Capital and Solana Ventures.
LayerZero Launches Second Round of Fee Switch Referendum, Voting Ends on June 27
The LayerZero Foundation has launched the second round of fee switch referendum, allowing ZRO holders to vote through any chain. Voting options are "Agree" to activate the LayerZero protocol fee or "Disagree" to keep the protocol fee disabled. The voting deadline is June 27.
Token Unlocks:
Yield Guild Games (YGG) will unlock approximately 14.08 million tokens at 10 PM Beijing time on June 27, representing 2.68% of the current circulating supply, valued at around $1.9 million
June 28
Exchanges:
Thailand SEC to Block Bybit, 1000X, CoinEx, OKX, and XT.COM from June 28
The Thai Securities and Exchange Commission (SEC), based on the "2025 Royal Decree on Cybercrime Prevention (Version 2)," will block crypto exchanges such as Bybit, 1000X, CoinEx, OKX, and XT.COM from June 28, 2025, for operating without permission. The regulatory body stated that after investigation, these platforms are suspected of violating the "2018 Royal Decree on Digital Asset Business" without proper licensing, and the case has been referred to the Economic Crime Suppression Division. The measure aims to protect investors and curb illegal platforms from becoming money laundering channels, with the Digital Economy and Society Ministry to execute network blocking. Thailand continues to tighten crypto regulation, having added enforcement powers to the Cybercrime Prevention Law in April 2025.
Token Unlocks:
SingularityNET (AGIX) will unlock approximately 7.15 million tokens at 8 AM Beijing time on June 28, representing 2.38% of the current circulating supply, valued at around $1.9 million
Artificial Superintelligence Alliance (FET) will unlock approximately 3.1 million tokens at 8 AM Beijing time on June 28, representing 0.12% of the current circulating supply, valued at around $1.9 million
June 29
Project Dynamics:
According to the Ethereum Foundation's official blog, the first "Ethereum Internship Season" is now open for applications, initiated by 18 ecosystem teams, offering over 30 paid remote internship positions covering development, ZK research, community, marketing, and other directions. Applications close on June 29, with the internship period from August 4 to October 31.
Cryptocurrency Reserves:
Spanish coffee chain Vanadi Coffee SA plans to invest over $1.1 billion in Bitcoin, following MicroStrategy's example and shifting the company's strategic focus entirely to Bitcoin. Chairman Salvador Martí expects to request authorization for the Bitcoin reserve strategy and obtain financing permissions at the next board meeting on June 29. The company has already completed its first purchase, spending $500,000 to buy 5 BTC. The strategy aims to reverse the company's $3.7 million loss in 2024.
