cryptocurrencies

Asset management giant Franklin Templeton publicly expressed support for the CLARITY Act on platform X, stating that the act will clarify the regulatory approach to cryptocurrencies, inform investors of applicable protections, and specify which regulatory agency governs businesses. The company stated, "It's time to provide the clarity the industry needs."

The Governor of the Central Bank of Russia, Elvira Nabiullina, stated that Bill No. 1194918-8 distinguishes between qualified and non-qualified investors, and it is not only applicable to the cryptocurrency sector but is a common arrangement in regulation. Elvira Nabiullina mentioned that the scope for non-qualified investors is more limited because the government protects them through legislation to avoid risks they do not understand.She pointed out that the relevant measures also cover the crypto ecosystem, due to reasons including the volatility of the crypto market and the possibility that foreign digital assets may be seized due to their association with Russia. Bill No. 1194918-8 is expected to take effect on September 1 and will be implemented simultaneously with the launch of the digital ruble. The bill stipulates that the purchase limit for non-qualified investors in cryptocurrencies is 300,000 rubles, approximately $3,800, while the limit for qualified investors is ten times that amount.Elvira Nabiullina stated that the Russian crypto ecosystem remains open, and the repatriation and transfer of digital assets abroad are not restricted. She noted that investors will not be protected by Russian law after receiving relevant assets abroad, and any issues must be resolved within foreign jurisdictions.

According to TASS, the Governor of the Central Bank of Russia, Elvira Nabiullina, stated that there are no restrictions on transferring cryptocurrencies from Russia to overseas for all categories of investors, but investors should be aware that such operations currently lack legal protection.

The Governor of the Bank of Tanzania, Emmanuel Tutuba, stated that the bank is completing the formulation of regulatory laws and regulations for digital assets, covering virtual assets, cryptocurrencies, and stablecoins, to enhance regulation and supervision.Emmanuel Tutuba mentioned that many young people are investing in related fields, and the central bank has received complaints from individuals who have incurred losses in cryptocurrency-related transactions. The relevant rules will be used to protect Tanzanian investors. He stated that the new regulations will also address the risks of money laundering, terrorist financing, and other illegal activities related to virtual assets, ensuring that entities involved in related activities operate according to the guidelines that will be released soon.

According to The Block, the South Korean Ministry of Economy and Finance is formulating a basic law for asset management of state-owned assets, aimed at effectively managing new asset classes including cryptocurrencies.

The South Korean stock market continues its downward trend, with the KOSPI index dropping 4% during the day, and SK Hynix falling over 7%. The continuous decline in the stock market seems to have started to deter retail investors in South Korea, with a noticeable flow of funds back into the cryptocurrency market.According to Coingecko data, the largest CEX in South Korea, Upbit, has a trading volume of $4.26 billion in the last 24 hours, an increase of 1663%. The top 5 cryptocurrencies by trading volume on this CEX are: Bitcoin, XRP, USDT, ETH, and XEC.

Forbes has selected 10 cryptocurrencies worth investing in based on the utility or value storage attributes of the tokens, combined with indicators such as performance over the past 7 days and 24-hour trading volume. The selected projects all have a market capitalization exceeding $5 billion, namely BTC, ETH, BNB, XRP, SOL, TRON (TRX), HYPE, RAIN, LEO, and Zcash (ZEC).Forbes states that Bitcoin and Ethereum are widely regarded as the "gold and silver" of the cryptocurrency world, with current market capitalizations of approximately $1.289 trillion and $21.647 billion, respectively, accounting for about 68% of the entire crypto market. In its selection methodology, Forbes considered the fundamental use of each crypto asset, excluding stablecoins, wrapped crypto assets, liquid staking tokens, and meme coins, focusing on projects with clear investment logic that are expected to appreciate as adoption and utility increase.

CryptoQuant analyst Darkfost stated that currently about 40% of altcoins are near historical lows. Indicators show that the prices of these tokens have fallen within 25% above their historical lows, reflecting that the altcoin market is in an extremely weak state.Darkfost noted that when Bitcoin fell below $60,000 in late June, this ratio once rose to 45%. The latest data shows that this ratio is approximately 39.9%.He also pointed out that the current market environment has changed significantly. CMC statistics indicate that there are about 53.5 million existing cryptocurrencies, and approximately 60,000 new tokens are still emerging daily. In the absence of strong incremental liquidity, most cryptocurrencies will face the risk of failure.

According to the latest data from CoinMarketCap, in the past 90 days among the top 100 cryptocurrencies by market cap, 35 cryptocurrencies have risen, and 65 have fallen, with the majority experiencing a decline.Among them, 6 cryptocurrencies have risen over 150%, with Binance Life leading at a rise of 886.58%, followed by BEAT at 775.32%, and DEXE, JTO, GWEI, and LIT rising by 188.26%, 170.90%, 152.81%, and 151.99% respectively. During the same period, 15 cryptocurrencies rose over 50%, 43 fell over 10%, and 19 fell over 20%.In terms of mainstream coins, BTC fell by 8.20%, ETH fell by 15.88%, BNB fell by 2.78%, XRP fell by 13.22%, and SOL slightly rose by 0.93%. On the list of biggest declines, M, ZRO, BCH, WLFI, and TRUMP all fell by over 40%.

According to Bloomberg, the Federal Police of Brazil simultaneously carried out law enforcement actions in multiple locations in São Paulo to implement the sanctions resolution previously issued by the U.S. Department of the Treasury, targeting cross-border money laundering gangs serving the Brazilian gang "First Command of the Capital (PCC)."This operation executed 11 temporary arrest warrants and conducted 13 searches and seizures, involving two core individuals who have been placed on the sanctions list by the U.S. authorities. As ruled by the court, a total of 1.04 billion reais (equivalent to 200 million dollars) in funds, physical assets, and cryptocurrencies associated with the individuals involved have been frozen.The individual involved, Stella Stefanie Nunes Henrique de Oliveira, has been arrested by the police, while another suspect, Victor Henrique de Oliveira Shimada, is currently at large. U.S. authorities accuse the two of establishing multi-layered financial channels, relying on cryptocurrency transfers, cash transportation, and large transfers between public and private accounts to move criminal proceeds. The suspects will face multiple charges including conspiracy, money laundering, and illegal cross-border transfer of funds.

The Reserve Bank of India (RBI) reiterated its support for a regulatory strategy of "containment and a tendency to prohibit" regarding crypto assets in a document submitted to the Parliamentary Standing Committee on Finance, stating that "prohibition" remains one of the policy options recognized by the international regulatory framework. The RBI suggested that banks and other regulated financial institutions should not hold, trade, or provide exposure to crypto assets and privately issued stablecoins to avoid potential contagion risks to the financial system.The RBI stated that implementing traditional financial regulation on crypto assets could mislead the market, granting "legitimacy" to speculative assets that lack actual economic value and creating a false sense of security for users. The RBI also warned that the widespread use of stablecoins could undermine India's monetary sovereignty, weaken the transmission mechanism of monetary policy, disrupt the payment system, and pose risks to financial stability. Therefore, it recommended prioritizing the development of sovereign digital payment infrastructure such as Central Bank Digital Currency (CBDC). Additionally, the RBI questioned the relevant rankings claiming "India is the country with the highest global crypto adoption rate," arguing that the data from private blockchain analytics firms has methodological flaws. It pointed out that there are currently 54 crypto service providers registered with the FIU in India, with approximately 39.3 million users who have completed KYC verification holding crypto assets worth about 20.437 billion rupees. It should be clearly distinguished between speculative crypto assets and the tokenization of real-world assets (RWA) such as government bonds and corporate bonds to avoid impacting the innovation of financial asset tokenization.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows: Top five gainers: MemeCore (M) up 79.2%, current price $1.21; Venice Token (VVV) up 13.15%, current price $14.28; Jupiter (JUP) up 12.02%, current price $0.2339; Morpho (MORPHO) up 10.93%, current price $2.08; Stellar (XLM) up 10.7%, current price $0.2025.

According to CoinPost, Japan's national corporate pension fund plans to start investing in cryptocurrencies in the fiscal year 2026, with an allocation ratio of about 1% of its total operating assets (approximately 21.3 billion yen).The report states that the asset allocation ratio for the fiscal year 2025 is: 80% in yen, 15% in US dollars, and 5% in other currencies. However, in the fiscal year 2026, the yen allocation ratio will decrease to 70%, and a new 10% allocation will be made for currencies from developed countries. The remaining 5% will consist of emerging market currencies, gold, and cryptocurrencies.The main purpose is to diversify currency risk. The fund's executive director, Ai Yuki, stated that due to the potential weakening of the US dollar as a benchmark currency, they decided not to increase their holdings in US dollars and instead use cryptocurrencies like Bitcoin as a hedge against currency depreciation, as Bitcoin has a lower correlation with the US dollar index.After approximately six years of investigation, the fund has determined that the cryptocurrency market has matured as the investor base has expanded. In the future, the fund will continue to explore the possibility of expanding cryptocurrency investments, including funds for arbitrage trading of various cryptocurrencies.

Kalshi Data posted on platform X that Kalshi's weekly cryptocurrency trading volume has surpassed $1 billion for the first time; Kalshi's weekly perpetual contract notional trading volume reached nearly $6 billion, setting a new historical record.

About 1,200 small and medium-sized enterprises have joined the Japan National Business Enterprise Pension Fund (located in Okayama City), which plans to start investing in cryptocurrencies in the fiscal year 2026. There have been some cases of Japanese companies investing in crypto assets, but it is still relatively rare for domestic pension funds to participate directly in crypto investments.The fund plans to allocate about 1% of its total assets to cryptocurrencies and will do so indirectly by investing in passive funds managed by large hedge funds that include various crypto assets. In terms of asset allocation, its structure for the fiscal year 2025 is: 80% yen, 15% US dollars, and 5% other currencies. In the fiscal year 2026, it plans to adjust to: a reduction of yen to 70%, an addition of 10% allocation to developed country currencies, and the remaining 5% allocated to emerging market currencies, gold, and crypto assets.The main purpose of this adjustment is to diversify exchange rate risk. The fund's executive director, Ai Kuchi, stated that the status of the US dollar as a global benchmark currency may be weakening, which is why they decided to reduce their holdings in US dollars. At the same time, he pointed out that the correlation between Bitcoin and the US dollar index is almost zero, making it a tool for hedging against currency depreciation risk and enhancing the portfolio's ability to withstand inflation.

Chairman of the U.S. House Military and Foreign Affairs Subcommittee, Republican Congressman William Timmons, announced that a roundtable meeting will be held on June 25, focusing on how digital assets and cryptocurrencies can help individuals protect their wealth, access assistance, and maintain economic autonomy. In addition, this roundtable will also explore the intersection of digital finance and U.S. national security interests, and examine how the U.S. can promote financial innovation and maintain competitiveness in the digital finance sector.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows: Top five gainers: Aster (ASTER) up 16.96%, current price $0.7706; SPX6900 (SPX) up 15.13%, current price $0.4472; Ethena (ENA) up 9.45%, current price $0.09291; Venice Token (VVV) up 9.26%, current price $16.53; Uniswap (UNI) up 8.62%, current price $3.3; Lighter (LIT) up 8.44%, current price $1.84.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows: Top five gainers: SKYAI (SKYAI) increased by 22.08%, current price $0.4331; Aerodrome Finance (AERO) increased by 13.74%, current price $0.4852; SPX6900 (SPX) increased by 11.63%, current price $0.3868; Uniswap (UNI) increased by 10.66%, current price $3.02; Worldcoin (WLD) increased by 9.72%, current price $0.6434.