South Korean Opposition Opposes Delaying Planned Crypto Tax

The market shows that BTC has fallen below $109,000 and is now reported at $108,993.42. The 24-hour increase has narrowed to 0.25%. The market is volatile, so please do a good job in risk control.

U.S. Treasury Secretary Vincent Bescent: Ready to move up the date for good faith negotiations with trading partners. Plans to attend the G7 meeting with U.S. President Donald Trump next week, and is expected to meet with Canadian Prime Minister Carney. May extend the July 9 deadline for some countries to negotiate a trade deal.

Coinbase: Some users may experience delays on Coinbase Advanced; issue has been confirmed and is being fixed.

Alliance DAO co-founder QwQiao said in a post that they advised founders to focus on the product itself, so that CEX cannot be ignored, so that it can be launched for free, otherwise it will lose users to competitors. In the context of CEX's market share continuing to be eroded by DEX and high fees, this strategy is increasingly important.

U.S. 10-year Treasury bond auction to June 11 - the winning interest rate is 4.421%, the previous value is 4.34%. The percentage of the winning interest rate allocation is 30.58%, the previous value is 92.86%. The bidding multiple is 2.52, the previous value is 2.6.

According to Onchain Lens monitoring, a new wallet withdrew 14,916 SOL ($2.48 million) from Binance and bought 1.68 million FARTCOIN at a purchase price of $1.4.

U.S. Treasury Secretary Vincent Bescent said he could face the biggest crisis since 2008-09 if the debt ceiling issue is not resolved. In addition, he expressed his willingness to remain as Treasury Secretary until 2029.

Tether CEO Paolo Ardoino retweeted the news that Bank of America will issue a stablecoin on the X platform, with the caption "Select your player", suspected to suggest that the two sides may cooperate. Previously, the CEO of Bank of America expressed his willingness to launch our own stablecoin with partners. The trading volume of stablecoins is mainly concentrated in transactions between cryptocurrencies.

Coinbase will launch PancakeSwap (CAKE). Trading will begin on or after 9 a.m. Pacific Time on June 12, 2025, subject to liquidity conditions being met.

It remains to be seen whether the tax bill will increase the US debt. It is not certain that everyone will benefit from the tax bill.

Cross-chain infrastructure development company OneBalance announced the completion of a $20 million Series A financing round, led by Cyber Fund and Blockchain Capital, with participation from Mirana Ventures and L2IV, bringing its total funding to $25 million. OneBalance aims to enhance the user experience of Web3 products with its cross-chain integration product Toolkit, which allows developers to enable seamless cross-chain transactions (such as transferring assets or earning revenue) for user...

The three major U.S. stock indexes gave up some of their gains, the S & P 500 index and the Nasdaq Composite Index turned lower during the day, and the Dow index is up 0.2%.