latest unsealed lawsuit documents from the cryptocurrency lending platform Genesis show that executives from its parent company, Digital Currency Group (DCG), had anticipated legal risks before the collapse of Genesis, but still ignored warnings of multiple risks. DCG's Chief Financial Officer Michael Kraines had shared a "wartime exercise" memo with the former CEO of Genesis, preparing to deal with potential lawsuits. The documents also reveal that warnings issued by third-party risk advisors hired by DCG were ignored, leading to Genesis' loan volume expanding from $4 billion to $12 billion. A "culture of submission" was formed within Genesis, with employees being forced to prioritize DCG's interests. Currently, Genesis is seeking to recover over $3.3 billion from DCG, Barry Silbert, and other internal personnel.

US President Trump: Progress in ceasefire between Iran and Israel is smooth.

Binance will open trading for Humanity Protocol (H) Alpha on June 25, 2025 at 17:00 (UTC+8), and contract trading at 17:30. Eligible users can claim 1600 H tokens airdrop using Binance Alpha points. The airdrop is divided into two phases: the first phase (18 hours) requires holding at least 230 Alpha points; the second phase (6 hours) requires holding at least 180 points, first come first served. Claiming will consume 15 Alpha points, and users must confirm within 24 hours, otherwise it will be considered as giving up.

according to on-chain analyst Ai Yi's monitoring, the BSC Foundation has launched an ecological support program and purchased ecological tokens. As of now, the BSC Foundation has purchased three tokens: JAGER/GORILLA/U. It seems that 20,000 USD was spent on each token, with GORILLA/U being purchased just last night. The current address also holds 785,000 USD1 tokens and 111,000 USD worth of EGL1.

Deribit Exchange will have a total of 141,271 Bitcoin options contracts expiring this Friday, worth over $14 billion, accounting for over 40% of the total open contracts. Of these, 81,994 are call options, and the rest are put options. The current ratio of put options to call options for Bitcoin has risen to 0.72, partly due to the promotion of the "cash-secured put options" strategy.

A-shares closed, the Shanghai Composite Index reported 3455.97 points at the close, up 1.03%, the Shenzhen Component Index reported 10393.72 points at the close, up 1.72%, and the Shenzhen Blockchain 50 Index reported 3839.72 points at the close, up 2.93%. The blockchain sector closed up 2.07%, and the digital currency sector closed up 3.1%.

On June 25th, British listed medical equipment company TruSpine Technologies plc (AQSE:TRUP) announced on Wednesday that it will implement a Bitcoin financial reserve policy as a supplement to traditional cash reserves. The company plans to strategically allocate funds from future financing activities to establish a Bitcoin position, which the company's directors see as a hedge against inflation and geopolitical events. TruSpine stated: "The company will continue to focus on its core business while increasing its Bitcoin reserves to provide financial support for the business in the medium term."

according to Paishield monitoring, the address marked as Cork Protocol Exploiter2 has transferred about 4520 ETH (worth approximately $11 million) to Tornado Cash, and donated 10 ETH to FreeAlexey & Roman on Juicebox (Tornado Cash developer legal aid fund).

Guotai Junan International continued to soar, with a rise of more than 155%.

Hong Kong stock Country Garden An International (01788.HK) expanded by 126% to 2.81 Hong Kong dollars. Earlier news, Country Garden An International was officially approved to provide services such as cryptocurrency and other virtual asset trading.

Morgan Stanley stated that it is expected that the Federal Reserve will cut interest rates 7 times in 2026, starting from March, with the final rate dropping to 2.5% to 2.75%. 

according to the official announcement, Binance Alpha will become the first platform to list XOCIETY (XO), with trading opening on June 26th. The specific time will be announced later. Eligible users can go to the Alpha activity page to receive airdrops using Alpha points after the Alpha trading opens. Details will be announced on June 26th.

Xiao Feng, the founder of HashKey Group, stated in an interview with Caixin that in the digital economy era, stablecoins pegged to the US dollar are actually tokenizing the US dollar, with the aim of maintaining and advancing the dominance of the US dollar. This strategy combines with the tokenization of US Treasury bonds, making cryptocurrencies the "savior" of US Treasury bonds. The current attitude of the United States is that if bypassing SWIFT (the international financial clearing system) for payment settlement is inevitable, at least do not let it bypass the US dollar; if the tokenization of the US dollar is inevitable, then at least ensure that each US dollar token is based on US assets.

Michael Saylor tweeted that his team has developed a BTC credit model, which comprehensively considers loan term, collateral coverage ratio, BTC price, volatility, and expected annualized return, for generating statistical data on bitcoin risk and credit spreads. The model is now available on the official website for users to try online.

Nano Labs' pre-market trading rose by 17.63%, with a market value of $185 million. Earlier news, NanoLabs announced today that it has raised $500 million through private placement of convertible bonds for BNB reserve strategy.

US President Trump told Israel, please do not drop those bombs. If you do, it will constitute a serious violation of the agreement. Immediately send your pilots home.

 the Sui-chain DeFi project NAVI Protocol announced a partnership with OKX and launched the xBTC liquidity pool on the Sui network. Currently, the xBTC liquidity pool incentive measures have been launched on NAVI Protocol. More practical functions for xBTC on NAVI will be introduced later this week.

according to official sources, Binance will list DeLorean (DMC), with Alpha trading opening on June 24, 2025 at 19:00, and contract trading opening on June 24, 2025 at 21:00. Eligible Binance users can use Binance Alpha points to claim 4800 DMC tokens within 24 hours after trading begins on the Alpha activity page.Binance Alpha airdrop will be distributed in two phases: Phase one (first 18 hours): Users holding at least 248 Alpha points can claim. Phase two (last 6 hours): Users holding at least 210 Alpha points can participate in the second phase of the airdrop, first come first served, until the airdrop pool is exhausted or the activity ends.

Binance announced that Codatta Pre-TGE will be launched on June 25, 2025 at 19:00.

HashKey Group Chairman Xiao Feng recently said in an interview with BlockBeats that after the stablecoin license application in Hong Kong is approved and issued, stablecoins of various currencies can be issued, not limited to Hong Kong dollar stablecoins. The blockchain network required for the deployment of stablecoins will be determined by the issuer, that is: it can be networks such as Ethereum, Solana, etc., or it can be a self-operated blockchain network.