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According to Cointelegraph, the US federal court has filed criminal charges against Do Kwon, co-founder of Terraform Labs, and the indictment may change as relevant bills in the US Congress advance. On Wednesday, Do Kwon's lawyer and prosecutor held a briefing in front of Judge Paul Engelmayer of the United States Southern District Court in New York. The judge stated that they have taken note of the stablecoin GENIUS Act, implying that it may affect the allegations of Do Kwon securities fraud. The GENIUS Act was passed in the US Senate on June 17th, but still requires a vote from the House of Representatives before President Trump decides whether to sign it into law. The bill focuses on the regulation of payment stablecoins, or may affect the determination of allegations related to Do Kwon and TerraUSD (UST) algorithm stablecoins and platform LUNA tokens.
BlockBeats news, on June 26th, according to Alternative data, the cryptocurrency panic and greed index rose to 74 today (66 yesterday), and the market is in a "greedy" state. Last week's average index was 57. Note: The threshold for the panic index is 0-100, including indicators such as volatility (25%)+market trading volume (25%)+social media popularity (15%)+market research (15%)+Bitcoin's proportion in the entire market (10%)+Google keyword analysis (10%).
Odaily Planet Daily News: According to @ EmberCN monitoring, Nasdaq listed company SharpLink Gaming (stock code: SBET) purchased 5989 ETH again through Galaxy Digital in the past day, with a transaction amount of approximately $14.47 million. At present, the company has invested approximately $507 million to purchase and hold 194000 ETH, with a comprehensive warehousing cost of approximately $2611 per ETH. The overall floating loss is approximately $36 million.
According to The Block, Privacy Pools, a privacy protocol supported by Ethereum co-founder Vitalik Buterin, has announced the addition of stablecoin support. This protocol will allow users to anonymously transfer stablecoins such as USDT, USDC, and DAI through zero knowledge proof technology, achieving privacy transactions similar to cash. Privacy Pools adopts Buterin's "associated set provider" mixing scheme proposed in 2023, which can filter illegal funds while ensuring privacy on the chain. Users need to deposit ERC-20 tokens through the 0xbow wallet, which can then be withdrawn to a new anonymous address. The startup company 0xbow, which developed this technology, has previously received investments from institutions such as Bankless and Buterin himself.
According to The Block, listed company Bit Digital (stock code BTBT) announced its strategic transformation into a pure Ethereum staking and financial asset management company. The company will gradually shut down its Bitcoin mining business and plans to "gradually" convert its 417.6 BTC (approximately $34.5 million) holdings into ETH, while raising funds to increase its ETH holdings through a public offering of stocks. Bit Digital currently holds 24434.2 ETH (approximately $44.6 million) and operates one of the world's largest institutional level Ethereum staking infrastructures. The company will also spin off its high-performance computing subsidiary WhiteFiber. This transformation continues the trend of listed companies allocating encrypted assets as fiscal reserves, but a strategy focused on Ethereum is relatively rare in the industry. Previously, Joe Lubin, the founder of Consensys, also launched a similar Ethereum financial management project called SharpLink.