FARTCOIN fluctuated, dropping 9.57% in 24H

According to official announcements, in order to prevent market risks and provide users with a good trading experience, OKX will regularly delist some leveraged coin pairs. The specific offline plan is as follows: OKX will cease lending to BSV/USDT, BSV/BTC, LUNC/USDT, BAND/USDT, CELR/USDT, MOVR/USDT, and SWEAT/USDT coin pairs on June 6, 2025 at 5:30 PM (UTC+8). The above-mentioned coin pairs will also be taken offline from 2:00 pm to 6:00 pm (UTC+8) on June 11, 2025. In addition, according to official prompts, the offline time required for each coin pair is about 2 hours. Users who have borrowed/pledged coins in the above-mentioned leveraged trading pairs or current lending must repay the coins before the coin pair goes offline. If the borrowed coins are not repaid by then, the system will be triggered to force the repayment. Due to the significant fluctuations in the market, it is recommended that users close their positions before stopping trading to avoid losses when the system forces coin returns. For more details, please refer to the announcement: https://www.okx.com/zh-hans/help/okx-to-delist-several-margin-trading-pairs-06062025

According to BlockBeats, on June 6th, Sentora (formerly IntoTheBlock) announced that Ethereum network fees have increased by 12.2% this week, reaching $11.05 million, indicating an increase in DeFi activity.

According to the official announcement, Bybit announced that HOME will soon be launched on the spot trading platform. HOME recharge will be open on June 9th at 18:00 Beijing time, HOME listing time will be on June 10th at 19:00 Beijing time, and HOME withdrawal opening time will be on June 11th at 18:00 Beijing time. Deposits and withdrawals can be made through BASE, BSC, and SOL networks.

According to Bitcoin.com, Hester Peirce, the head of the US Securities and Exchange Commission's (SEC) crypto working group, called for a more lenient regulatory approach to digital assets at the third annual meeting on emerging trends in asset management held on June 5th. She pointed out efficiency issues in the current approval process and emphasized the need to establish a standardized approval framework to reduce the industry's compliance burden, using the approval process of spot Bitcoin ETFs as an example. Peirce specifically mentioned the urgent need to clarify the custody system, as the legal status of state-level chartered trust institutions as digital asset custodians has not yet been clarified. With recent policy adjustments by institutions such as the US Monetary Authority, she expects more options for cryptocurrency custody to emerge and urges the SEC's investment management department to issue relevant guidelines as soon as possible. In terms of investor protection, Peirce suggests reassessing the "qualified custodian" system and proposing the development of regulatory principles that are more in line with the characteristics of digital assets. She stated that a clear regulatory framework is crucial for promoting the integration of traditional finance and blockchain innovation, and the SEC needs to adopt a more forward-looking regulatory stance.

According to Bitcoin.com, the Brazilian government is considering taxing cryptocurrency transactions to alleviate the social impact of the increase in the Financial Transactions Tax (IOF). After the government announced the increase in IOF tax rates on May 22, House Speaker Hugo Motta proposed in a public speech to include cryptocurrencies in the taxation scope, but emphasized that the proposal has not yet been finalized. This proposal has sparked controversy in the Brazilian cryptocurrency industry. Vanessa Butalla, Vice President of Legal Affairs at Mercado Bitcoin, pointed out that according to the current regulations of the Brazilian tax authority, imposing IOF on cryptocurrencies is equivalent to taxing investment properties and lacks legal basis. Daniel de Paiva Gomes, a partner at law firm Paiva Gomes, further emphasized that only congressional legislation can classify cryptocurrencies as taxable assets, and the government only has the authority to adjust tax rates and deadlines.