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Bitwise CEO: Bitcoin's competitors will eventually be U.S. Treasuries and other government bonds

Bitwise CEO Hunter Horsley stated in a post on X platform, "I do not believe that Bitcoin's competitor will ultimately be gold. They (Bitcoin and gold) are both apolitical stores of value. Gold has lower volatility, while Bitcoin has higher volatility. Investors seeking apolitical stores of value will like both. On the contrary, I believe that Bitcoin's competitors will ultimately be U.S. Treasury bonds and other government bonds (such as UK gilt-edged bonds): these are the ultimate political stores of value."

2025-06-20 12:06:47

Labubu doll prices crash, coin market cap drops to $28 million

June 20th, according to Securities Times website, recently, during the 6·18 promotion period, Pop Mart replenished a large amount of the popular Labubu series, causing a sharp drop in prices in the second-hand market. According to data from the trendy trading platform "Qiandao", the transaction price of Labubu 3.0 whole box has dropped by 45%, with the trading price falling to the range of 650-800 yuan; the hidden style "Ego" price has dropped from 4607 yuan to 2851 yuan, a drop of over 38%.Affected by this news, the scalping market has seen panic selling, and the scalping business that relied on grabbing software to hoard goods and mark up prices by 10-30 times has been severely hit. In addition, the meme coin with the same name plummeted by over 30% in a single day, with a market value dropping to 28 million. Today, Pop Mart (09992.HK) continued to decline, opening down by 12.2%.

2025-06-20 12:06:45

Binance will launch a new batch of U-based and coin-based quarterly delivery contracts

Binance will settle multiple U-based and coin-based quarterly futures contracts on June 27 and will launch a new batch of quarterly futures contracts.

2025-06-20 12:06:43

Hong Kong-listed Pop Mart fell more than 5.15% today, and the market value of Meme coin LABUBU fell below US$28 million

 according to market information, the Hong Kong stock Bubble Mart fell more than 5.15% today, with a stock price of 235.8 Hong Kong dollars, a drop of about 16.8% from its historical high.

2025-06-20 12:06:42

Spot gold fell back below $3,350/oz, down 0.62% on the day

 spot gold fell below $3350 per ounce, down 0.62% intraday.

2025-06-20 12:06:39

Binance Alpha's trading volume rebounded to $698 million yesterday

according to @pandajackson42 data panel, Binance Alpha trading volume slightly rebounded on June 19, reaching $698 million, compared to $691 million on June 18. Among them, AB trading volume was $339 million, BR trading volume was $183 million, and KOGE trading volume was $44.1 million, ranking at the forefront.

2025-06-20 12:06:37

A 100% win rate trader currently holds long positions in BTC, ETH, SOL and LINK

according to the on-chain analysis platform Lookonchain, a trader with a 100% win rate currently holds long positions in BTC, ETH, SOL, and LINK. In the past month, he has made 29 long trades, all profitable, with a total profit exceeding $2.3 million. However, his current position has now shrunk by over $2 million.

2025-06-20 12:06:35

Binance Alpha's trading volume rebounded slightly to $698 million yesterday, with AB, BR, and KOGE ranking in the top three

Odaily Planet Daily According to the data panel produced by Panda Jackson at Dune, the Binance Alpha trading volume slightly rebounded on June 19, reaching $698 million, compared to $691 million on June 18. Among them, AB trading volume was $339 million, BR trading volume was $183 million, and KOGE trading volume was $44.1 million, ranking at the forefront.

2025-06-20 12:06:33

JD.com's Hong Kong shares fell for the third consecutive day, now down 0.56%

according to market information, JD.com's Hong Kong stocks fell for the third consecutive day in the morning, with a current decline of 0.56%, and the stock price was 124 Hong Kong dollars.

2025-06-20 12:06:31

Economic Observer: CNH stablecoin may be promoted in three stages based on the experience of RMB business pilot

 Economic Observer published an article "How to Break the Deadlock of Offshore Renminbi Stablecoin in Hong Kong", pointing out that the implementation of the Hong Kong Stablecoin Regulations in August may indicate that the trial of offshore Renminbi (CNH) stablecoin is approaching. Referring to the experience of the Renminbi business pilot in 2003, the implementation of CNH stablecoin can be promoted in three stages:

2025-06-20 11:06:23

Upbit suspends Korean Won account registration and cancellation services for 50 minutes

South Korean digital asset exchange Upbit announced that due to cooperation bank system maintenance, the registration and cancellation services for Korean won accounts will be suspended from 23:50 on June 24, 2025 to 00:40 on June 25 (approximately 50 minutes).During the maintenance period, other trading functions will operate normally, and the specific resumption time may be adjusted according to the actual situation.

2025-06-20 11:06:21

Xu Zhengyu: Hong Kong regulations do not rule out the possibility of stablecoins pegged to the RMB

when Hong Kong Financial Secretary and Treasury Secretary Christopher Hui attended the Lujiazui Forum in Shanghai and was asked about the possibility of stablecoins being pegged to the RMB, he pointed out that from the perspective of Hong Kong regulations, this possibility is not ruled out. The law allows stablecoins to be pegged to different legal currencies, but pegging to the RMB must consider the country's exchange rate and monetary policy, and requires a comprehensive assessment of the risks and benefits involved.

2025-06-20 11:06:19

Jump Crypto re-emerges: Positioning itself as a crypto infrastructure builder

 on June 20th, according to the official website of Jump Crypto, the institution announced a fresh start, emphasizing its core contributions in projects such as Pyth, Wormhole, Firedancer, DoubleZero, and demonstrating its "construction driven by transactions" strategic logic. Jump stated that it will focus on both infrastructure and policy making, submitting a comment letter to the US SEC for the first time, calling for reforms in digital asset regulation. The official stated that the current policy and technical environment resonate, making it the "best time to reshape the financial market infrastructure".

2025-06-20 11:06:17

Tether CEO: The Tether team is developing an open source password manager called PearPass

Tether CEO Paolo Ardoino recently announced that in response to the massive data leak of 16 billion passwords, the Tether team is developing an open-source password manager called PearPass. The core concept of PearPass is complete localization and no need for cloud or server.

2025-06-20 11:06:15

Anti-war sentiment grows among Trump supporters

conflict between Israel and Iran continues, Israel has repeatedly called on US President Trump to join the military strike against Iran. However, recently, heavyweight supporters of Trump have expressed a "anti-war" stance, emphasizing that Trump had promised not to involve the US in foreign conflicts during his campaign. White House press secretary Levitt said on June 19th local time that President Trump "will decide in the next two weeks whether the United States will intervene in the conflict between Israel and Iran." Levitt quoted Trump as telling reporters, Trump said "Given the high likelihood of negotiations with Iran in the near future, I will decide whether to intervene in the next two weeks."

2025-06-20 11:06:13

Bitwise CEO: “Regulatory uncertainty” is no longer the biggest obstacle for Bitcoin investors

Bitwise CEO Hunter Horsley wrote on the X platform that in the past, "regulatory uncertainty" was the biggest obstacle for investors in Bitcoin. By 2025, the situation is completely different, which is a huge change, but the impact on the market has not yet fully manifested.

2025-06-20 11:06:12

Russian Deputy Finance Minister: Only 30% of miners have completed registration, the industry still needs to be "whitewashed"

according to TASS, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated at the St. Petersburg International Economic Forum that only about 30% of cryptocurrency miners are currently registered with the Federal Tax Service, achieving compliance. The remaining two-thirds of miners are still in the "gray zone", and the authorities will continue to promote the registration system for the mining industry, pushing for comprehensive "whitening" of the industry.

2025-06-20 11:06:11

Trump to hold US National Security Council meeting tonight

 President Trump will hold a U.S. National Security Council meeting on Friday morning at 11 a.m. Eastern Time (11 p.m. Beijing Time), and the market may experience fluctuations. 

2025-06-20 11:06:08

Analysis: Bitcoin on-chain transaction volume hits 18-month low, Runes and Ordinals craze fades

Bitcoin on-chain transaction activity has dropped to the lowest level in a year and a half, with the 7-day moving average transaction volume falling to 316,000 transactions last week, currently slightly rebounding to around 350,000 transactions, far below the peak of 700,000 transactions in mid-2024. The speculative frenzy surrounding Bitcoin native protocols like Runes and Ordinals has subsided, with traders' interest shifting to other blockchain ecosystems.

2025-06-20 10:07:36

GT rose by 10.62% and is now trading at $17.158

Latest market data shows that Gate platform currency GateToken (GT) has expanded its 24-hour gain to 10.62%, now trading at $17.158.

2025-06-20 10:07:32