According to BlockBeats, the Hong Kong Special Administrative Region Government announced that the Stablecoin Ordinance will take effect on August 1, marking the establishment of the world's first comprehensive regulatory framework for fiat-backed stablecoins. Hong Kong Monetary Authority (HKMA) Chief Executive Yu Weiwen recently highlighted the high entry barriers for licensing, considering the emerging nature of stablecoins, associated risks, user protection, and market capacity for sustainable development. Initially, only a limited number of licenses will be issued. Yu emphasized that the stablecoin issuer sandbox program, initiated by the HKMA in 2024, is not a prerequisite for future stablecoin issuer license applications. Participation in the sandbox does not guarantee a license. The HKMA will carefully evaluate all applications based on consistent and stringent standards. Applicants must present feasible business plans and practical application scenarios, with a focus on reserve management, compliance systems, and technical security. The initial batch of stablecoins will concentrate on cross-border trade and Web 3.0 applications.

Odaily星球日报讯 据官方公告，Gate 将于 6 月 26 日 18:00 （UTC+8）上线 CESS Network （CESS）现货交易。现已开启 CESS Network （CESS）的 HODLer Airdrop 活动，结束时间为 6 月 26 日 16:00 （UTC+8）。用户持有 1 GT 可免费参与领取空投，分享 1,818,182 CESS。

On-chain data shows Tron (TRX) observed a large profit-taking spike earlier in the month. Which type of holder was responsible for the move? Tron SOPR Saw A Huge Spike Earlier In The Month In a CryptoQuant Quicktake post, analyst Maartunn has talked about the recent trend in the Spent Output Profit Ratio (SOPR) of Tron. The SOPR refers to an on-chain indicator that tells us about whether the TRX investors are moving or selling their coins at a profit or loss. The indicator works by going through the transfer history of each coin being moved to see what price it was last transacted at source: https://www.newsbtc.com/news/tron-trx/trons-374-profit-taking-spree-who-was-behind-it/

As of this week, funding rates on Binance have turned noticeably negative at -0. source: https://coindoo.com/negative-binance-funding-rates-may-signal-a-bitcoin-rebound/

The COIN Act targets the President, the VP, family and top officials from issuing or supporting crypto assets. source: https://ambcrypto.com/new-bill-targets-trumps-crypto-empire-will-coin-act-put-a-stop-to-this-corruption/

According to PANews, TAO Alpha PLC, a publicly listed company in the UK, has announced the initiation of its second convertible loan following the acquisition of a £5 million fixed-price convertible loan. The company aims to raise at least £100 million, with blockchain and digital asset investment firm ParaFi Capital LP participating and providing an initial £20 million. TAO Alpha has established a subsidiary in Singapore, Tao Alpha PTE. LTD, to manage its financial assets. The company has introduced a new financial policy focused on Bitcoin, allowing up to two-thirds of its cash reserves to be allocated to Bitcoin and stablecoins. The terms of the latest financing are expected to be finalized by mid-July.

Odaily星球日报讯 中国金融租赁（02312.HK）股价现报 1.38 港元，24 小时内涨幅达 311.94%。公司公告显示，原股东林树松及首都创投已将合计 1.21 亿股股份（占总股本约 34.96%）转让给独立第三方 Longling Capital，交易总额为 4608 万港元。该交易触发强制性全面收购要约义务。 Longling Capital 由天使投资人蔡文胜实际控制，其计划以每股 0.38 港元的现金价格提出全面要约，较停牌前收盘价溢价 13.43%，预计总涉资约 8574 万港元。蔡文胜在公告中表示，未来拟将集团打造为聚焦人工智能、Web3 与数字资产金融产品的资产管理平台，目标是发展为具国际影响力的投资控股集团。（雅虎财经）

Coinbase integrates crypto for 200 banks and fintech firms, signaling massive growth. See the full story. source: https://coincu.com/344960-coinbase-crypto-support-financial-institutions

Binance announced on X that Binance Alpha will be the first platform to list Moonveil (MORE), with trading set to begin on June 27, 2025 at 12:00 (UTC) .Eligible users will be able to visit the Alpha event page after trading opens to claim an airdrop using their Binance Alpha Points, of which full campaign details will be released on the day of listing.

Green Minerals says it will raise $1. 2 billion to buy Bitcoin and plans to adopt blockchain technology in areas such as supply chain transparency and operational efficiency. source: https://cointelegraph.com/news/norwegian-deep-sea-mining-firm-adopting-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

ZKsync’s recent airdrop saw nearly half of the top recipients selling their tokens, sharply dropping ZK's price. This led to criticism of ZKsync’s airdrop criteria and network issues, with critics arguing that anti-Sybil attack measures were insufficient. Will the price continue to decline?