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According to PANews, Better Markets, a policy advocacy organization, has submitted an open letter to the U.S. Securities and Exchange Commission (SEC), criticizing the agency's cryptocurrency task force for formulating policies through informal guidance documents. The letter highlights that the SEC's recent guidance on meme coins and other crypto assets bypassed the public review process, contradicting the transparency principles publicly promised by the new chairman, Paul Atkins. Benjamin Schiffrin, the Director of Securities Policy at Better Markets, specifically pointed out that the task force's February classification of meme coins as 'collectibles' rather than securities lacks legal basis. He argued that the high speculation and price volatility of such assets align more closely with the characteristics of securities. The organization warned that bypassing the public review process could undermine regulatory credibility and urged the SEC to immediately return to formal rule-making procedures.

According to PANews, Klaas Knot, the Chair of the Financial Stability Board (FSB), highlighted the increasing systemic risks posed by the deepening integration of cryptocurrencies with the traditional financial system during a speech at the Bank of Spain conference. Knot noted that the introduction of cryptocurrency ETFs and the substantial holdings of U.S. Treasury bonds by stablecoin issuers have significantly lowered the barriers for retail investors, accelerating the accumulation of systemic risks. He cautioned that the rapid innovation in the cross-border payments sector, coupled with inadequate regulation, could amplify risk transmission. Knot stressed the importance of countries expediting the implementation of FSB regulatory recommendations to establish a coordinated regulatory framework, given the cross-border nature of cryptocurrencies. This speech marked Knot's final major address as FSB Chair, where he also addressed the risks of leverage and liquidity mismatches in the non-bank financial intermediation sector.

According to BlockBeats, data from Coinglass reveals that the current funding rates on major centralized and decentralized exchanges indicate a bearish market sentiment. The funding rates for key cryptocurrencies are shown in the accompanying data. Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of the underlying assets, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, without the platform charging this fee, to adjust the cost or profit of holding contracts, ensuring that contract prices remain close to the underlying asset prices. A funding rate of 0.01% represents the benchmark rate. When the funding rate exceeds 0.01%, it indicates a generally bullish market sentiment. Conversely, when the funding rate falls below 0.005%, it suggests a predominantly bearish market outlook.

According to BlockBeats, Iran's state television has reported that the Chief of Staff of the Iranian Armed Forces, Bagheri, has been killed in an attack by Israel.

According to PANews, AMD hosted the 2025 Global AI Development Conference early today, unveiling its latest AI chips and cloud infrastructure hardware. OpenAI co-founder and CEO Sam Altman attended as a special guest, collaborating with AMD to introduce the Instinct MI400 and Instinct MI350 series of powerful AI chips. Throughout the development process, OpenAI provided technical feedback to AMD, aiding in GPU optimization. During the event, Sam Altman expressed astonishment upon learning that a single MI400 chip is equipped with 432GB of HBM4 memory, exclaiming disbelief at the specifications. Compared to previous models, the MI350 features 288GB of HBM3E memory and boasts a memory bandwidth of up to 8TB/s, enhancing AI computing capabilities by four times and inference performance by 35 times. AMD highlighted that due to lower power consumption compared to competitors, the MI355X offers 40% more tokens per dollar than NVIDIA chips.

According to Odaily, insiders have revealed that officials at the Bank of Japan believe the recent rise in prices has slightly exceeded earlier expectations this year. This development could open the door for discussions on raising interest rates if global trade tensions ease. Insiders indicate that the Bank of Japan is expected to maintain its benchmark interest rate at 0.5% following the conclusion of a two-day meeting next week. This decision is based on the need to monitor the progress of global tariff negotiations and their impact on the economy. However, if tariff measures prove to be less disruptive to core price trends, officials may consider this as support for discussing a potential rate hike. These statements suggest that if the global trade situation becomes clearer, the Bank of Japan might consider raising interest rates by the end of the year.

According to Foresight News, data from SoSoValue indicates that Ethereum spot ETFs experienced a substantial net inflow of $112 million on June 12, Eastern Time. The Blackrock ETF ETHA led the inflows with $102 million, bringing its historical total net inflow to $5.236 billion. Fidelity's ETF FETH followed with a net inflow of $10.8319 million, accumulating a historical total of $1.603 billion. As of the latest report, the total net asset value of Ethereum spot ETFs stands at $10.756 billion, with an ETF net asset ratio of 3.38% compared to Ethereum's total market capitalization. The cumulative historical net inflow has reached $3.857 billion.

According to Foresight News, Cointelegraph reports that Caroline Pham, the Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), emphasized that the agency will not ease cryptocurrency regulations despite the Trump administration's promises to support the crypto industry. Pham stated that while the CFTC supports innovation and growth, this does not grant immunity from regulatory oversight. She clarified that the focus is not on criminalizing asset classes or technologies but on addressing issues such as lies, deception, and theft.

According to BlockBeats, Israeli Prime Minister Benjamin Netanyahu announced that the country has successfully launched its first strike. This development marks a significant moment in Israel's defense strategy. Further details about the operation were not disclosed.

According to Foresight News, crypto trader James Wynn has responded to reports by Lookonchain alleging that his account was liquidated. Wynn dismissed these claims as false, stating, "Fake news, I was not liquidated. This is not my account."

According to BlockBeats, Iran's Supreme Leader is set to deliver a statement following an attack by Israel, as reported by Iranian state television.

According to Odaily, Iran's Supreme Leader Ayatollah Ali Khamenei has issued a statement following an attack by Israel, declaring that Israel will face severe punishment. This announcement was reported by Iran's state television.

According to Odaily, MicroStrategy board member Carl Rickertsen has sold all his MSTR shares through multiple transactions this month, cashing out slightly over $10 million. Rickertsen, who joined the board in 2019, has frequently sold shares on the same day he exercised stock options. Following this recent series of transactions, he reported on June 5 that he no longer holds any shares.

According to Odaily, the White House has announced that U.S. President Donald Trump will participate in a National Security Council meeting at 11 a.m. Eastern Time (23:00 UTC+8).

According to Foresight News, Ethereum co-founder Joseph Lubin has addressed misunderstandings regarding SharpLink Gaming's S-3 filing. Lubin explained that the section labeled 'shares owned after offering' is hypothetical, assuming all registered shares are sold. This is a standard procedure following a PIPE (Private Investment in Public Equity) in traditional finance and does not indicate actual sales. Lubin emphasized that neither Consensys nor he has sold any shares.

According to BlockBeats, Lookonchain monitoring has revealed that a whale or institutional address, potentially linked to ConsenSys, purchased 2,825 ETH through an over-the-counter (OTC) transaction. This acquisition, valued at approximately $7.48 million, occurred four hours ago. Over the past two weeks, this address has accumulated a total of 160,736 ETH, equivalent to around $421 million. The average cost of these acquisitions is approximately $2,620 per ETH.

According to Odaily, U.S. President Donald Trump recently stated that creating a Bitcoin strategic reserve is insufficient. He vowed to establish a 'clear and simple market framework' to ensure the United States maintains its leadership in Bitcoin and cryptocurrency.

According to PANews, Japanese publicly traded company Remixpoint announced on June 12 that it has acquired an additional 55.68 bitcoins for 887.3 million yen. The average purchase price was 15.935 million yen per bitcoin. As of now, the company holds a total of 981.39 bitcoins, valued at approximately 13.3 billion yen based on the current market rate.

According to BlockBeats, Israeli Prime Minister Benjamin Netanyahu has announced that the main uranium enrichment facility in Iran's Natanz region is a target for Israeli military airstrikes. Witnesses have reported hearing multiple explosions in Natanz. Netanyahu stated that the airstrikes are aimed at disrupting the research work of Iran's leading nuclear scientists on nuclear weapons. Additionally, the Israeli military has targeted the core of Iran's ballistic missile program.

According to BlockBeats, market data indicates that U.S. stock index futures have seen an increased decline, with Nasdaq futures dropping by 2%.