1. Japanese listed company Metaplanet will issue 1 billion yen bonds, and the funds raised will be used to purchase Bitcoin

Metaplanet, a Japanese listed company, announced that its board of directors has decided to issue a second ordinary bond of 1 billion yen (about 6.26 million US dollars), and the funds raised will be used to purchase Bitcoin.

2. Crypto financial research company SoSoValue completes $4.15 million seed round of financing, led by HongShan and others

Crypto financial research company SoSoValue has completed a $4.15 million seed round of financing, led by HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs. This round of financing will be used to promote the development of SoSoValue's artificial intelligence-driven data services and promote the expansion of its global researcher community.

3. Hunan Hanshou County Public Security Bureau: STFIL Protocol pledge and lending users need to promptly report the situation and submit records

The Public Security Bureau of Hanshou County, Hunan Province, recently issued an announcement stating that "In the investigation of the '3.28' illegal use of information network case, our bureau investigated and dealt with the illegal website with the website address: https://www.stfil.io, and seized a batch of FIL virtual currency involved in the case in accordance with the law. In order to ascertain the facts of the crime, STFIL pledge users and borrowers are requested to report the situation to our bureau and provide relevant evidence materials; if the situation is not reported to our bureau within the time limit, the virtual currency will be disposed of in accordance with relevant laws and regulations; the announcement period is from June 10, 2024 to July 10, 2024."

As previously reported, STFIL Protocol disclosed in April that its core technical team was under investigation by Chinese police, during which abnormal fund transfers occurred on the platform.

4. a16z crypto: The draft of the IRS 1099-DA form will bring multiple inconveniences to digital asset transactions

a16z crypto recently commented on the draft of the IRS 1099-DA form, pointing out that the requirements of the draft will bring multiple inconveniences to digital asset transactions. a16z crypto believes that multiple brokers are required to submit 1099-DA forms for each transaction, which will lead to duplicate reports and increase the burden on filers. At the same time, requiring the reporting of wallet addresses is not only unnecessary, but may also put sensitive information at risk. In addition, the information required for the 1099-DA form is costly and sometimes even difficult to provide.

a16z crypto suggested that the final regulations should be delayed or phased in and exclude non-custodial wallets and payment processors from the "broker" category. In addition, the IRS should not require the filing of Form 1099-DA when disposing of fiat-backed stablecoins and most NFTs; reporting requirements should set a minimum threshold and allow brokers to aggregate transactions to simplify reporting.

5. Korea Institute of Finance: Cryptocurrency spot ETFs may be detrimental to South Korea’s economic development

According to The Block, the Korea Institute of Finance (KIF) said in its latest report that the launch of cryptocurrency spot ETFs may bring more troubles to the Korean economy than benefits. The Korea Institute of Finance said: "Allowing 'such' products may lead to some side effects, such as more inefficient resource allocation, increased risk exposure related to cryptocurrencies in financial markets, and weakened financial stability." Nevertheless, the institute acknowledged that if the relevant cryptocurrencies develop into more clear and unique financial assets, cryptocurrency ETFs will become a good means of storing value.

Currently, South Korean regulators do not allow the issuance or trading of cryptocurrency spot ETFs, arguing that Bitcoin and other cryptocurrencies cannot serve as underlying assets for such investment vehicles.

6. Antalpha Ventures, Web3Labs and Gaofeng Mujin launched a $10 million computing power fund to invest in AI and AI-related Web3 projects

The computing power fund jointly initiated by global technology investment institution Antalpha Ventures, Asia's well-known Web3 incubator Web3Labs and venture capital institution Gaofeng Mujin is now soliciting early and mid-term AI computing power projects from around the world. It will mainly invest in AI projects through computing power, and the computing power value that can be provided will reach tens of millions of US dollars.

The fund aims to respond to the general trend of AI-driven economic growth, leverage its powerful AI and Web3 resources, networks and partners to solve the computing power demand problem for early and mid-stage AI companies, and incubate and accelerate the innovation of high-quality AI and AI-related Web3 projects. Interested projects can now apply through the "Computing Power Fund Application Form" page on the Web3 Labs official website.

7. CoinShares sold FTX debt with a 116% recovery rate

According to FinanceFeeds, CoinShares successfully sold its FTX claims, with a recovery rate of 116% after deducting broker fees, resulting in a return of £31.32 million on £26.6 million of claims. CoinShares said the agreement, signed today and subject to customary closing conditions, will significantly improve CoinShares' financial position and create opportunities for increased returns for its shareholders, adding that the group will be able to reinvest in growth opportunities.

8. CoinShares Weekly Report: $584 million outflow from digital asset investment products last week

CoinShares weekly report shows that digital asset investment products had outflows for the second consecutive week last week, with a total outflow of $584 million. Bitcoin outflows reached $630 million, Ethereum outflows reached $58 million, and various assets inflows reached $98 million.

Among them, Solana, Litecoin and Polygon received inflows of US$2.7 million, US$1.3 million and US$1 million respectively.

Last week, global ETP trading volumes also hit their lowest level since the launch of U.S. ETFs in January, with weekly trading volumes of just $6.9 billion.

9.Tether: Will stop supporting EOS and Algorand, giving priority to supporting community-driven blockchains

According to Tether's official announcement, Tether will strategically transform and prioritize supporting community-driven blockchains. After comprehensive consideration, Tether will stop supporting EOS and Algorand implementations. The announcement stated that starting today (June 24, 2024), Tether will stop minting USDT on EOS and Algorand. In the next 12 months, Tether will continue to exchange USDT on EOS and Algorand as usual. Further changes may be evaluated and announced at that time.