Wu says it's a daily choice of encrypted news + Wu says it's a weekly selection: News Top10 and popular articles

1. Member of the Hong Kong Legislative Assembly: Draft framework for the declaration of encrypted assets is at the stage of consideration

ACCORDING TO A BRIEF AND SENSITIVE ARTICLE BY HONG KONG LEGISLATIVE ASSEMBLY MEMBERS, PUBLISHED ON 26 JUNE, THE TAX (AMENDMENT) (AUTOMATED EXCHANGE OF INFORMATION) BILL 2026 WAS ADOPTED BY THE LEGISLATIVE COUNCIL ON 17 JUNE, MAINLY TO OPTIMIZE THE ARRANGEMENTS FOR REGISTRATION, RECORD-KEEPING AND SANCTIONING OF REPORTING INSTITUTIONS IN THE FRAMEWORK OF THE AUTOMATED EXCHANGE OF TAX INFORMATION (AEOI). THE ARTICLE MENTIONS THAT THE DRAFT REGULATION “CULTIFIED ASSET DECLARATION FRAMEWORK (CARF)” USING A SIMILAR COMPLIANCE FRAMEWORK IS ALSO AT THE STAGE OF CONSIDERATION. JANE HYEMIN INDICATED THAT THE AUTHORITIES WOULD BE WELCOME TO FOLLOW UP ON THE OPTIMIZATION RECOMMENDATIONS IN THE DELIBERATIONS ON THE DRAFT ENCRYPTED ASSETS, INCLUDING THE RESPONSIBILITY FOR RECORD-KEEPING OF DIRECTORS FOLLOWING THE DISSOLUTION OF AN ENTITY, THE STATUTORY EXEMPTION CLAUSE AND THE SCOPE OF APPLICATION OF ADMINISTRATIVE PENALTIES。

2. The Central Bank of the Russian Federation has proposed a currency stabilization scheme that will require transactions under State control

In its report “Stabilization currency: Russia’s development direction”, the Central Bank of Russia proposed a currency stabilization regulatory programme that would incorporate stable currency transactions into national control and position them as investment or cross-border clearing instruments. It allows for the anchoring of rubles or foreign currencies, provided that the issuer of a stable currency is converted to rubles at a predetermined exchange rate. The Central Bank of Russia also intends to require the issuer ' s support to be redeemed at any time and to be completed within three working days at the latest; private companies need to provide over-collateralization for the issuance of stable coins, the value of which is at least 2 per cent higher than the size of the issue, and to regularly disclose the amount of circulation, reserves and funds invested。

3. Europol United Nations to dismantle three major malware networks and limit over $47 million in black encryption assets

The European Union Law Enforcement Cooperation Agency (EUROPOL) announced that, in Operation Endgame, Europol, Eurojust and multinational law enforcement agencies had joined forces against the SocGholish, Amadey and SteelC three malicious software networks, disposing of 326 servers and 142 domain names, recovering some 27 million stolen login documents and identifying, marking and restricting the use of criminal-sourced assets exceeding Euro41 million (approximately $47 million). Europol states that these malwares are often used for initial infections, thus supporting extortion software, financial fraud and critical infrastructure attacks。

4. POLICE OF THE FEDERAL DISTRICT OF BRAZIL FOUND PIX FRAUD SYNDICATES IN EXCESS OF $1 MILLION

The Brazilian Federal District Police carried out “Operation Rastro” to combat a case of fraud in the PIX Immediate Payment System and money-laundering by encryption. According to the police, the group was suspected of exploiting the loopholes in a national credit cooperative system, resulting in losses of more than R$5.5 million (approximately US$ 1.06 million) through 425 PIX fraudulent transactions, and part of the money was used to purchase balances on an encrypted exchange inside and outside Brazil in order to conceal the flow of funds. The police have executed seven search warrants, seized equipment, documents and encrypted asset wallets and frozen funds in the relevant bank accounts。

5. Old Canadian women lost approximately $900,000 to AI for the forgery of Prime Minister Carney 's video trap encryption scheme

Judy Skene, an 86-year-old in Ontario, Canada, was caught in a scam by watching a video of Canada's Prime Minister Mark Carney “recommended” an encrypted investment platform made using AI technology. The victims initially invested $350, then invested in full savings at the instigation of fraudsters and mortgaged apartment loans of approximately $300,000, with cumulative losses of approximately $0.9 million. It was reported that fraudsters continued to induce additional investments by falsifying the proceeds of investment accounts and that the final volume disappeared. Local experts warn that the use of AI to generate false representation from prominent political and commercial figures is spreading on social media platforms。

Zhou said Zhou was the best: Hyperliquid had been placed on Singapore's alert list, the Shifu Foundation had been retrenched, Strategy's priority unit was re-innovated, Top10

This week, Top10

1. The ETA Foundation announced the completion of a restructuring of the organizational structure, with approximately 20 per cent staff reductions and a 40 per cent budget reductionlink

A NEW ORGANIZATIONAL STRUCTURE HAS BEEN ISSUED BY THE ETA FOUNDATION, STATING THAT THE REORGANIZATION PROCESS HAS BEEN COMPLETED FOR SEVERAL MONTHS. EF INDICATED THAT THE REORGANIZATION WOULD ESTABLISH FIVE MAIN CLUSTERS OF WORK AT THE PROTOCOL, ACCESS, USER, COMMUNITY AND INSTITUTIONAL LEVELS, WITH SEPARATE OPERATIONAL CLUSTERS AND MANAGEMENT AND MANAGEMENT SUPPORT TEAMS. THIS ADJUSTMENT WILL INVOLVE THE DEPARTURE OF 54 COLLEAGUES, APPROXIMATELY 20 PER CENT OF EF PERSONNEL, WHO WILL RECEIVE SEVERANCE PAYMENTS AND TRANSITIONAL SUPPORT. EF STATED THAT THE RESTRUCTURED ORGANIZATION WOULD BE MORE STREAMLINED AND FOCUSED ON CORE TASKS。

According to a letter from Vitalik Buterin, founder of the Taifung factory, the budget of the EAF will be cut by about 40 per cent this year, and the EF is shifting from spending an average of about 15 per cent of the remaining funds per year by 2026 to a long-term, donor-led organization with the goal of reducing annual expenditure to about 5 per cent after 2030. Vitalik states that the EF will not lower the goals of the Taifa agreement, but will make many trade-offs, including a shift from “redundancy” to “specialization” in the multi-client model, the exploration of AI support formalization certification, the phasing out of PSE as a stand-alone unit, the possibility that Devcon will become smaller and smaller in the future and the scope of EF’s institutional work will be reduced。

Solana co-founder toly responded that the news was a good thing. Toly indicated that budgetary constraints would force teams to identify priorities and remain focused. He noted that the ETA would not disappear, and that a smaller, more streamlined ETA Foundation would be more decisive, more rapid and would be able to revise the directions more quickly。

2. Strategy priority share STRC dropped short to 73.77 dollars, a record lowlink

On 25 June, Strategy's priority share of STRC fell briefly to 73.77 dollars, a record low of 77.21 dollars, or 8.64 per cent of 24 hours. MicroStrategy (stock code MSTR) fell $90 short, now US$ 90.05, down 8.44 per cent 24 hours. Stabilized currency developer Circe (stock code CRCL) fell by $70, now reported at $69.24, or 3.97 per cent, 24 hours。

The 90-day coefficient of Strategy ' s SDR and Bitcoin has risen to nearly 0.70, the highest level since its launch in July 2025, reducing its attractiveness as a tool for relative stabilization of gains. The cumulative decline of the STRC this month was between 23 per cent and $76, well below $100; bitcoin fell by almost 20 per cent to less than $60,000 over the same period. The current annualized dividends of STRC 11.5 per cent limit the ability of Strategy to purchase bitcoin through increased fund-raising。

According to the 8-K document submitted by Strategy to the US SEC, the company bought 520 bitcoins at an average price of approximately US$ 67,068 from 15 to 21 June 2026, for a total of approximately US$ 34.9 million, financed by MSTR stock ATM. During the same period, the company sold 2,714,800 shares of the MSTR common stock through ATM, raising some $335.5 million net. As at 21 June 2026, Strategy had a cumulative holdings of 847,363 bitcoins, with a total holding cost of approximately $64.1 billion and an average price of approximately $75,651. As at 21 June, the company ' s United States dollar reserve balance was $1.4 billion, an increase of approximately $300 million over the previous week。

The analyst Adam Livingston argues that it conducted a three-year pressure test on MSTR, assuming that bitcoin fell to $26,611 in the 6th month, that mNAV fell 0.50 times, that capital markets were closed and that BTC was to be sold to pay for priority debt. The model shows that claims will increase from 41.5 per cent to 96.7 per cent, with BTC corresponding to each share, from 138,161 to 7,884 and the MSTR equity model to $1.01; after the ninth month, cash will have to be sold 115,727 BTCs within three years. In the final scenario, MSTR still holds 731,636 BTCs, and mNAVs 1.40 times. Livingston states that the model shows that the main risk is the BTC compression for each common share, not the “immediate bankruptcy” or “death spiral”。

CriptoQuant Analyst Axel Adler Jr. wrote that Strategy (MSTR) had fallen 78 per cent from its peak, a drop that was clearly deep in the 51 per cent of the BTC return from its heights. Strategy currently holds 847363 BTCs at an average cost of approximately $75,651 and a total cost of approximately $64.1 billion. Adler argues that Strategy does not have a traditional levelling risk, that its debt is mainly reversible, that the underlying risk is not a cascade settlement, but rather a shift from radical buying to defence: the BTC weekly purchases have declined significantly in the recent past, that less than 11 per cent of equity financing is used to buy currency, and that more money is transferred to the dollar reserve. It noted that the market needed to be concerned about whether BTC continued to fall below a cost line of about $75,000 and whether Strategy moved from stock financing to systematic sales of BTC to pay priority dividends and interest on debt。

The founder of Strategy, Michael Saylor, stated that market volatility would test all capital structures, but Strategy would continue to focus on bitcoin, prudent capital allocation, credit quality and long-term value creation, and thanked investors for their support, saying that companies would continue to implement strategies in a transparent and committed manner。

3. Bitmine is included in the Russell 1000 index with 52,203 ETHlink

Bitmine announced an increase of 52,203 ETH. Bitmine extrapolates that BMNR will be included in the Russell 1000 index on June 26. As at 22 June, companies held 5.673 million ETH, $601 million in cash and marketable securities, $350 million in priority shares of BMNP, with annual pledge proceeds of $233 million. The Russell 1000 index was created by the FTSE Russell to track large stock indices of about 1,000 companies with the largest market value in the United States。

4. Currency is said not to leave Europe and will seek a new MiCA license pathlink

According to Gillian Lynch, the official in charge of François Europe and the United Kingdom, despite the setback in his plans to apply for EU MiCA licences in Greece, it will not leave the European market and will seek other avenues for authorization. “If not Greece, I am looking for alternative solutions.” It was revealed by informed sources that François had contacted regulatory bodies such as Ireland, Latvia and Greece, but had encountered resistance. Regulators are concerned about past money-laundering penalties, complex international corporate structures and a culture of perceived higher risk preferences. Lynch indicated that it had previously believed that the Greek regulatory body would approve its application and that it was not clear why it had been rejected. She stated that she had invested considerable resources to strengthen compliance and internal controls and currently had some 1,500 compliance staff. It has withdrawn its application for a MiCA licence to the Greek Capital Market Board and will seek authorization in another EU Member State, which has not yet been published. Currency indicates that the user assets remain secure and readily accessible, that some users may be affected by the state of their country and account, and that the company will inform the relevant users directly of subsequent steps and available options。

According to FT, Binance has informed EU clients that it will no longer provide services to them as of next week, due to the lack of a MiCA license. Since 1 July, encryption companies operating in the EU are required to hold MiCA plates or face possible penalties. Binance ' s application for a European Union-wide licence in Greece was rejected last week and plans are under way to transfer to France; Polish, Italian, Spanish and French clients have received withdrawals this week. Binance indicates that some users may have been affected by 1 July, but the user is not required to withdraw funds by 1 July and the user ' s assets remain secure。

5. The British Central Bank has issued a Pounds sterling systematic currency stabilization scheme with a proposed Pound40 billion interim issuance caplink

The Central Bank of the United Kingdom issued a policy statement on the systematic stabilization of the pound sterling currency and a consultation document on the Draft Operational Code, which is scheduled to be finalized by 2026. The programme will support asset restructuring at 70 per cent of short-term British government bonds, 30 per cent of outstanding British Central Bank deposits; instead of implementing individual and business holding limits, it will set an initial Pound40 billion temporary issuance cap for each systematically stable currency product. The BCB also stated that the issuer of systematically stable currency was not allowed to pay interest to the holder, but could provide incentives related to the payment activity; foreclosure requests should be completed within 24 hours of receipt of the full request; and the central bank plans to introduce central bank liquidity tools and will publish more details in 2027. The consultation will end on 22 September 2026。

Aave's founder, Stani Kulechov, stated that, although the British Central Bank had removed the ceiling of £20,000 for individual holdings, the new framework required the issuer to deposit 30 per cent of the reserves in a central bank interest-free account and to limit the single stabilization currency to £40 billion. In his view, this weakening of the stable currency distribution business model could encourage distributors to switch to overseas markets and would be counterproductive to the United Kingdom in its global stable currency competition。

6. Belet: Bitcoin ' s role in the portfolio is evolving, with a proposed modest allocation of 1 to 2 per centlink

According to a letter from BlackRock, the world ' s largest asset management firm, Bitcoin ' s role in the portfolio is evolving and can now be seen as a complementary and diverse configuration tool. Belet believes that, while maintaining appropriate risk tolerance, a moderate allocation in the portfolio (usually about 1 to 2 per cent) could have a positive impact on the potential return on the portfolio。

In an interview, Rick Rieder, Chief Investment Officer of Global Fixed Gains at Beled, stated that Bitcoin was expected to eventually rise significantly and that it currently held a small amount of bitcoin through some of the mutual funds, but had not increased its allocation owing to more attractive asset opportunities, such as technology units and emerging market bonds. Rieder is one of Beled's early supporters of bitcoin。

7. Chainlink United 47 European and Korean banks advanced near real-time cross-border payments based on stable currencylink

Chainlink announced a total of 47 European and Korean banks over $10 trillion to jointly advance Project Pangea. The project plans to use the regulated euro and the Korean dollar to stabilize the currency and aims to achieve near real-time (T+0) cross-border settlement of the Euro-Korean corridor foreign exchange transactions within 12 months. Chainlink will provide intermediate technology to convert traditional Swift commands into instant atom exchange on a decentrized network with a view to reducing liquidity costs and settlement risks。

Kraken proposes to acquire Aave Group 15% equity, valued at approximately $385 millionlink

The encryption exchange Kraken is negotiating the acquisition of 15 per cent of the Aave Group, the entity behind the DeFi Agreement Aave, with a value of approximately $385 million. According to the transaction documents, the potential trading programme invested 35,000 ETHs in Kraken in exchange for 250,000 AAVE tokens and 15 per cent Aave Group regular shares. Two sources stated that the transaction was worth approximately $71 million, and Kraken also planned to involve other investors. Another person familiar with the company's plan stated that it would be the first trade in a series of investments that Kraken built Payward Assembly Management and that it would be more actively involved in DeFi and other investment opportunities in the future。

In response to reports of Kraken's proposed acquisition of 15 per cent of Aave Group, Aave's founder Stani Kulechov stated that Aave Labs would not sell AAVE at a 70 per cent discount, and that the report did not accurately describe the arrangement. It indicated that, according to the Aave Will Win (AWW) proposal, income from products such as the Aave Agreement, GHO and Aave App, Aave Pro and Swaps were attributed to Aave DAO, which would not flow to Aave Labs; Aave Labs was only a service provider for DAO, and its AAVE quota was being explored with multiple market participants for long-term cooperation. In addition, Aave ' s current annualized income is approximately $134 million, and the team is designing Aevenomics 3.0 which includes automated, non-autonomous discretionary buy-back mechanisms。

9. DeFi TVL has fallen to about $70 billion, down 39 per cent during the yearlink

CryptoRank writes that DeFi TVL has declined from approximately $115 billion in January to about $70 billion each month, a decline of 39 per cent during the year, mainly reflecting the overall reversal of the market after its peak in October 2025. DeFi has suffered 121 hacker attacks since 2026, with losses of approximately $942 million, 85 in the second quarter and approximately $775 million in the second quarter, making it one of the most active quarters of data-based attacks. In the top 10 TVL chains, only TRON and Hyperliquid recorded increases of about 5 per cent and 6.7 per cent, respectively, and TVL decreased by 43.0 per cent, 40.5 per cent and 55.3 per cent, respectively, during the years of Etheum, Solana and Arbitrum. CryptoRank states that hacker attacks are not the main reason for the current TVL downturn, but their high frequency may weaken user confidence and exacerbate the outflow of DeFi funds。

CryptoRank: Number of encrypted money investors reduced to a six-year lowlink

According to CryptoRank, in the second quarter of 2026, the number of active global encrypted money investors (mainly institutional or wind-investors) has fallen to 651, well below the historical peak of 2564 in 2022 (ATH). This figure is only above the level of the same period in 2020 (quarterly participants range from 250 to 450), and has reached a new low in almost six years. The analysis indicates that this trend indicates that venture capital investment in encrypted currency is increasingly concentrated in a few professional groups, while overall market participation remains well below the peak of the previous cycle。

Focused financing events

• Encrypted data analysis firm Allium completed $40 millionlink
• Kalshi is looking for a new round of financing, valued or at $40 billionlink
• Formo announces the completion of $75 millionlink
• Solana Eco-Social Trading Wallet AntFun announced the completion of $5 million in strategic financinglink
• Onyx Odds completed $20 million in financing for the sports forecast market, led by Kraken parent company Paywardlink
• Franklin Templeton and Polychain led the Cambrian $6 million seed ship financinglink
• Ground completed $3.6 million Pre-Seed round of finance to help financial institutions access revenue products in the chainlink

More industry financing events availablecrypto-fundraising.infoI don't know。