According to PANews, trader AguilaTrades recently closed a significant Bitcoin position due to market adjustments. Initially, AguilaTrades utilized a 20x leverage to go long on Bitcoin, with a total position valued at $434 million. However, as Bitcoin's price experienced a downturn, the trader began to close the position in batches starting early this morning, completing the process ten minutes ago. The trade involved $29.85 million in USDC as collateral, resulting in a loss of $12.48 million, leaving $17.37 million in remaining funds. Currently, AguilaTrades holds only a single short position in Bitcoin valued at $870,000.

Odaily Planet Daily News International oil prices have seen their largest one-day percentage increase in years, reflecting concerns that the expansion of the conflict in the Middle East could lead to serious energy supply disruptions. Brent crude oil prices rose 4.3% to $72.4 per barrel. WTI crude oil prices rose 5% to $71.4 per barrel. According to Reuters, this is the largest one-day increase in benchmark contracts since March 2022, a month after the full outbreak of the Russian-Ukrainian conflict. Ahmad Assiri, a research strategist at financial services firm Pepperstone, wrote that the surge in Brent crude oil prices illustrates both "imminent supply concerns and a growing sense that negative news could prolong the escalation of the situation, unlike the previous Israel-Iran conflict." (Jinshi)

Since 2017, Vietnam has been working on regulating cryptocurrency within a modern framework, and this effort is still ongoing as of 2025. Therefore, cryptocurrency is not banned in Vietnam; however, it is neither legally considered nor protected as … source: https://coinpedia.org/cryptocurrency-regulation/cryptocurrency-regulations-in-vietnam/

Odaily Planet Daily News According to Ember's monitoring, the $434 million BTC leveraged long positions opened by the whale AguilaTrades on June 9 have all been closed, with a loss of $12.48 million. The trader used a rolling strategy to expand his position to the peak on the 11th, and was eventually forced to close his position when BTC pulled back in the early hours of this morning. His margin account shrank from 29.85 million USDC to 17.37 million USDC, with a loss rate of 41.8%. Currently, the address still holds $870,000 in BTC short positions.

According to BlockBeats, Hong Kong's Financial Secretary, Paul Chan, announced at the 2025 Caixin Summer Summit that the region has implemented licensing systems for digital asset trading platforms and stablecoins. Additionally, regulatory frameworks for custody and over-the-counter trading are being developed. Chan stated that this month, Hong Kong will release a second policy declaration on the development of digital assets in the region. The declaration will focus on integrating financial services with innovation and expanding the application scenarios for digital assets.

"Former President Donald Trump has openly declared a significant victory in trade negotiations with China, raising the question of whether this development could lead to further positive implications for the cryptocurrency market." source: https://voiceofcrypto.online/news/trump-china-trade-deal-crypto-bull-run

Tencent is in talks to buy Nexon's parent company for around $15 billion as it looks to grow in Web3 gaming. The deal would give Tencent control of blockchain-based games like MapleStory N, though it's unclear if Nexon could keep its independence.

The early hours of Friday saw a sharp market-wide sell-off after Israel launched a surprise military strike on Iran, triggering […] The post Ethereum Plunges Below Key Support, But Could Flushed Leverage Fuel a Rebound? appeared first on Coindoo. source: https://coindoo.com/market/ethereum-plunges-below-key-support-but-could-flushed-leverage-fuel-a-rebound/

Pi Network’s price took a massive hit today, crashing 35% to reach an all-time low of $0. 40. Despite a quick rebound, this sharp decline has left many investors in the red. The market conditions, along with the erratic behavior of investors, have significantly impacted the altcoin’s price action source: https://beincrypto.com/pi-network-price-crashes-to-all-time-low/

Odaily Planet Daily News In order to improve the user experience, Gate Wallet has merged the original "Task Square" and "Airdrop" modules into BountyDrop, and launched the first ecological month event, selecting four high-quality projects of Mantle Ecological Month to be launched simultaneously: HyperPlay, Symbiosis, MOMO.FUN, Vertex, and participating in the task can unlock the airdrop reward. After the event, 1,200 participants who complete all tasks will share 12,000 MNT. BountyDrop's new section page structure is simple and intuitive, supporting multi-chain screening, popular classification, and reward history viewing; the reward distribution process is clearer, and the user's participation status and progress are clear at a glance. BountyDrop is an airdrop task platform on Gate Wallet that is open all year round, continuously updated, and has no threshold to participate. It is committed to helping users explore the entire Web3 world efficiently with one wallet.

Odaily Planet Daily News: Hong Kong SAR Financial Secretary Paul Chan said at the 2025 Caixin Summer Summit that Hong Kong has launched a licensing system for digital asset trading platforms and stablecoins, and is promoting regulatory arrangements for custody and over-the-counter transactions. "This month, we will publish the second policy statement on the development of digital assets in Hong Kong, focusing on the combination of financial services and innovation, and expanding the application scenarios of digital assets." (Shanghai Securities News)

The US Senate will hold a final vote on the GENIUS Act on 17 June, aiming to regulate stablecoins. While the bill has bipartisan support, critics argue it lacks strong consumer protections and raises concerns over Trump-related conflicts. If passed, it moves to the House for further review.

Ripple and the SEC have jointly asked a US court to lift a ban on XRP sales to institutions and cut Ripple’s fine from $125 million to $50 million. They hope this will end the long-running legal case before a key 16 June deadline.

Hong Kong Customs and Excise Department has partnered with the University of Hong Kong to develop a crypto tracking tool amidst rising money laundering cases involving digital assets, aiming to strengthen detection and investigation of illicit transactions.

Between 13 to 30 May, 49 people in Singapore were arrested for allegedly helping launder scam proceeds by sharing personal data and account credentials. Authorities warn such crimes carry heavy fines and jail time.

Shopify has teamed up with Coinbase and Stripe to let merchants in 34 countries accept USDC payments through its platform. The system uses Coinbase’s Base network and allows payouts in either USDC or local currency, with no cross-border fees.

Binance now offers full access to Syrian users after the US lifted sanctions, removing Syria from its Prohibited Countries list. Syrians can trade over 300 tokens, joining 270 million users globally—a major shift for a region long cut off from global finance. Could this be a breakthrough for financial inclusion?

Golden Finance launches the 2723rd issue of "Golden Morning 8" - a morning report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on the digital currency and blockchain industry.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

This public split essentially touches on the dilemma of Ethereum’s current governance structure.