05:34 2025-06-17
Arthur Hayes: New stablecoin IPO is like a "hot potato"In an article on Monday, BitMEX founder Arthur Hayes warned that a new wave of stablecoin companies trying to emulate Circle's successful IPO, but most will be overvalued and likely to fail due to locked distribution channels. He noted that viable distribution channels are limited to cryptocurrency exchanges, Web2 social media giants, and traditional banks, which are difficult for new entrants to access.
Hayes believes that Circle (CRCL) is currently "overvalued", but its price could still conti...
05:22 2025-06-17
Israeli ambassador to Moscow: Israel wants to destroy Iran's nuclear facilities before talksSimona Halperin, Israel's ambassador to Moscow, says Israel wants to completely destroy Iran's nuclear program and eliminate its ability to restart it in the future. Any consideration of peace talks must come after Iran has lost its ability to pursue the program, and it is too early to consider talks. Israel is attacking individuals and institutions leading Iran's nuclear program, those leading a nuclear program designed to destroy Israel, and all who could pose a military threat to Israel. (Kim...
05:13 2025-06-17
Deutsche Bank plans to launch a tokenized platform in NovemberDeutsche Bank is preparing to launch a minimum viable product (MVP) for asset tokenization and services for its blockchain-as-a-service platform in November 2025, aiming to reduce upfront hardware and infrastructure costs for companies exploring tokenization. The platform will allow asset managers, wealth advisors, and other financial firms to create, distribute, and support tokenization of services. It is reported that Deutsche Bank has previously experimented with tokenized assets through its ...
04:55 2025-06-17
Haru Invest CEO acquitted of $650 million fraud chargesAccording to The Block, a South Korean court acquitted Haru Invest CEO Lee Hyung-soo on Tuesday, dismissing fraud charges against him. Lee Hyung-soo had previously faced fraud charges for Haru Invest's sudden closure of user withdrawal channels and company offices in June 2023. The company was said to have attracted thousands of investors by promising "full return of principal" and high returns of up to 25% annualized. South Korean prosecutors initially accused the company of selling money from ...
04:42 2025-06-17
Japanese and Iranian foreign ministers call for restraintJapan's foreign minister, Takeshi Iwaya, spoke by telephone with his Iranian counterpart, Mr. Araghchi, on Sunday, saying that "any actions that could lead to further escalation of the situation should be restrained and all parties concerned should be asked to exercise maximum restraint." The two sides agreed to continue close dialogue for regional peace and stability. Mr. Araghchi argued that Israel had launched a pre-emptive strike to prevent a deal on Iran's nuclear talks with the United Stat...