Bank of America named Bitcoin one of the most disruptive innovations of the past 1,000 years, placing it alongside the printing press in a new tech impact chart.

The bank emphasized Bitcoin’s transformative potential for global finance and acknowledged its growing role in reshaping traditional economic systems.

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Haru Invest CEO Lee Hyung-soo has been acquitted of fraud by a South Korean court, which ruled he did not deliberately deceive investors despite $650m in alleged losses.

Lee was accused of defrauding 6,000 investors after Haru abruptly halted withdrawals in 2023. The court cited links to the FTX collapse and found Haru's business model had legitimate operations.

Co-CEOs of parent firm Blockcrafters were also acquitted, while COO Kang received a 2-year sentence for embezzlement.

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Thailand has approved a five-year tax exemption on capital gains from digital asset sales made through licensed platforms.

The measure, effective from January 1, 2025 to December 31, 2029, aims to strengthen the country’s crypto market competitiveness.

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Coinbase is seeking SEC approval to offer tokenized equities—digital tokens representing stocks traded via blockchain—marking a major expansion into stock trading.

If approved, it would allow Coinbase to rival brokerages like Robinhood by offering faster, lower-cost, and potentially 24/7 equity trading through blockchain technology.

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Ohio’s “Bitcoin Rights” Bill HB 116 has passed the State House Technology and Innovation Committee with a unanimous 13-0 vote.

The bill protects self-custody of encrypted assets, legalizes individual and corporate mining and node operation, and introduces a $200 capital gains tax exemption for digital asset transactions.

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The U.S. Senate passed the GENIUS Act on June 17, marking the first major crypto legislation to clear the chamber. The bill now moves to the House for consideration.

Treasury Secretary Scott Bessent projected the stablecoin market could reach $3.7tr by 2030, adding that the Act’s passage may boost private demand for U.S. Treasuries, lower borrowing costs, and expand global access to dollar-based digital assets.

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In 2025, crypto trading volume in Korean won reached $663bn, nearly matching global USD volumes. This makes South Korea the world’s second-largest crypto market by fiat trading volume.

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JPMorgan is set to pilot its new deposit token, JPMD, on Coinbase’s Base network, positioning it as a “superior” alternative to stablecoins for institutional clients.

A fixed amount of JPMD will be transferred to Coinbase in the coming days. The pilot will support USD transactions initially, with more currencies added post regulatory approval.

Once complete, Coinbase’s institutional clients will gain access. Unlike stablecoins, deposit tokens are backed by bank deposits and could potentially offer yield—making them more scalable within the traditional financial system.

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The world’s three largest Bitcoin mining rig makers—Bitmain, Canaan, and MicroBT—have all set up production facilities in the U.S. to sidestep new tariffs imposed by the Trump administration.

The Chinese-origin firms collectively control over 90% of global market share, and their move signals a major shift in crypto hardware supply chains.

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China's central bank will launch an international e-CNY operations center in Shanghai to expand the digital yuan’s global reach.

Governor Pan Gongsheng said stablecoins and CBDCs are reshaping cross-border payments and called for stronger global regulatory coordination.

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Ethereum staking has reached a new all-time high, with over 35m ETH now locked, marking a sharp rise in network security and long-term commitment.

Accumulation addresses, wallets with no history of selling, have also hit a record 22.8m ETH, underscoring growing conviction among long-term holders.

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Bitcoin's dominance has climbed to 64%, a level last seen on January 2021, as altcoin market share continues to decline.

Ethereum, however, has reversed its downtrend—rising from 7.1% in April to 9.3% dominance today.

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JD Technology, China’s largest retailer, will launch a regulated stablecoin in Hong Kong through its subsidiary Jingdong Coinlink. JD also plans to apply for stablecoin licenses in major global markets.

⚫Team entered the HKMA regulatory sandbox in July 2024
⚫Stablecoins pegged to HKD and other fiat currencies are being tested
⚫Initial use cases include cross-border payments, retail (starting with JD Global HK/Macau), and investment
⚫Coin is expected to list on regulated exchanges and launch in Q4 2025 on a public blockchain
⚫An offshore yuan solution is also in development, pending regulatory approval from mainland China

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Europol has dismantled Archetyp Market, one of the oldest and most active dark web drug marketplaces.

The international operation led to multiple arrests and the seizure of €7.8m ($8.35m) in digital assets, but experts warn similar platforms often reappear quickly. Archetyp’s total transaction volume over five years exceeded €250m ($268m).

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The U.S. government’s crypto wallet has received an additional $225.3m following the largest crypto seizure in Secret Service history.

According to officials, the confiscated funds were linked to a “complex money laundering network,” marking a major milestone in federal enforcement efforts targeting illicit crypto activity.

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Key points from the Fed’s latest FOMC statement:

⚫Economic activity continues to expand at a solid pace, despite fluctuations in net exports
⚫Unemployment remains low, and labor market conditions are stable
⚫Inflation is still somewhat elevated
⚫Balance sheet reduction (QT) will continue
⚫The Fed remains committed to its dual mandate: maximum employment and 2% inflation
⚫The Fed is prepared to change its policy stance if new risks emerge

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Crypto prime brokerage FalconX is in early talks for a potential IPO, with plans to begin the listing process as early as 2025 to meet growing institutional demand. The company last raised $150m in 2022 at an $8bn valuation.

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