CryptoCity

Japan’s Metropolitan Police Department has recently arrested Hu Xiaowei, a senior figure in Cambodia’s Prince Group, accusing him of involvement in a transnational Chinese criminal network, cryptocurrency investment fraud, and cross-border money laundering. The case is currently being expanded and investigated in cooperation with law enforcement agencies from multiple countries.
Tokyo Police Arrest Prince Group Senior Officials for Cryptocurrency Fraud and Money Laundering Activities
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Japan’s Metropolitan Police Department has recently arrested Chinese businessman Hu Xiaowei (Hu Xiaowei), accusing him of involvement in large-scale cryptocurrency investment fraud and cross-border money laundering activities. According to Asahi Shimbun, Hu Xiaowei is one of the senior members of Cambodia’s Prince Group (Prince Group) and has long been active in Southeast Asia’s business and investment sectors.
Investigations indicate that the implicated organization connected with investors through investment platforms, cryptocurrency projects, and online communities, luring funds with high-yield investment opportunities. After victims wired money,

郭明錤指出，聯發科獨家取得Google TPU v9新晶片訂單，預計2028年量產。同時，他也反駁了市場盛傳Google將向長鑫存儲採購記憶體晶片的傳聞。
Google and MediaTek deepen collaboration on TPU v9 chips, developing Triggerfish?
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Renowned semiconductor analyst郭明錤's latest industry investigation indicates that Google will deepen cooperation with MediaTek to develop an upgraded chip codenamed Triggerfish based on the TPU v9 architecture, with MediaTek having secured this higher-priced new order exclusively.
郭明錤指出，Triggerfish 的定位是推論能力更強的改版，可同時緩解

MicroStrategy sells stock to raise $335.5 million and adds 520 more Bitcoins. With preferred stock STRC falling below par value, the CEO personally buys $1 million to stabilize market confidence.
Under selling pressure from STRC, MicroStrategy raises funds to further buy Bitcoin
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A Bitcoin reserve whale, MicroStrategy (Strategy), announced last night (6/22) that last week it raised $335.5 million by selling about 2.7 million shares of common stock, and used $34.9 million of that amount to buy 520 Bitcoins. The average buy price was $67,068. The remaining $300 million was fully held as a cash reserve, bringing total reserves to $1.4 billion.
This is MicroStrategy’s third consecutive week of adding to its Bitcoin purchases. MicroStrategy currently holds a total of 847,363 Bitcoins, bringing the cumulative total

The well-known Ethereum trading bot "jaredfromsubway.eth" was recently targeted by hackers, resulting in losses of up to $7.5 million.
The hackers lured the bot into granting authorization through a fake token contract, then exploited an unrevoked permission to drain the funds.
The longstanding "vampire" that has been harvesting retail investors and making Ethereum players fearful finally hit a wall.
Recently, the most notorious trading bot on Ethereum, "jaredfromsubway.eth," was targeted by hackers, with losses reaching $7.5 million.
Ironically, the hacker didn't exploit any sophisticated technical vulnerabilities but instead used the bot's own automation logic against it, setting a perfect trap and luring it in.
Crypto's public enemy: How "sandwich attacks" drain retail investors?

A former Ethereum Foundation member has warned that the core development team could face a funding shortage. With grants nearing their end and the foundation reducing expenses, the ecosystem urgently needs to establish a stable long-term funding mechanism.
Former Foundation member warns that Ethereum core development could face a funding gap
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Trent Van Epps, a former core coordinator who worked at the Ethereum Foundation for five years, recently posted that the Ethereum core development ecosystem could face financial pressure within the next 3 to 9 months, drawing attention from the developer community and the market.
Van Epps said the problem stems from multiple factors occurring at the same time, including the Ethereum Foundation gradually reducing expenses, some development grant programs approaching expiration, and the ecosystem not having yet established sufficiently stable long-term funding sources.
He said

Tether co-founder Reeve Collins launches new stablecoin infrastructure STBL. The system splits payments and profits through a dual-token structure, returning reserve asset interest to users, officially ushering in a new era of dual-token stablecoin architecture.
Reeve Collins, co-founder of the world’s largest stablecoin USDT, believes the stablecoin industry is about to enter the “2.0 era.” He points out that Tether successfully created a dollar token that circulates on the blockchain, giving users access to global, real-time, low-cost dollar transfers. However, this stablecoin 1.0 model also has structural issues: users entrust their dollars to the issuer, and the issuer invests in assets such as U.S. Treasury bonds to generate returns, but does not distribute those returns to users.
Collins co-founded Tethe in 2013.

The Federal Bureau of Investigation (FBI) has issued a warning, pointing out a new model for in-person cash handoffs in cryptocurrency scams. Scam groups lure victims into delivering funds offline, and then complete money laundering through over-the-counter trading and multiple layer-by-layer on-chain transfers.
FBI Warns of a New Type of Crypto Scam: Victims Are Induced to Hand Over Large Cash in Face-to-Face Transactions
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The Federal Bureau of Investigation (FBI) recently issued an updated warning, stating that cryptocurrency investment scams are showing new criminal patterns. Scam groups begin arranging for specific personnel to meet victims for an in-person cash handoff, and then complete fund transfer and money laundering through subsequent virtual asset conversion processes.
According to cases released by the FBI, victims typically first contact the scam group through social media, messaging apps, or dating platforms, and are encouraged to join a fake cryptocurrency investment program. In the early stages, the platforms often display profit figures and accounting gains, causing victims to mistakenly believe

JPMorgan's latest report indicates that the market price of Bitcoin has remained below the average production cost of $78,000, leading to deteriorating profitability in the mining industry. Listed mining companies, facing operational pressures, sold over 32,000 coins in the first quarter to sustain operations.
The once "lucrative mining" is gradually fading away. JPMorgan Chase's latest report warns that this year, the profitability environment for Bitcoin mining has sharply worsened, as Bitcoin has been below the "estimated production cost" for five consecutive months. Miners are facing increasing pressure, with some even forced to shut down mining machines or sell holdings to maintain operations.
Led by JPMorgan Chase Managing Director Nikolaos Panigirtzoglou, the analysis team pointed out that this year, the sensitivity of Bitcoin network hash rate and mining difficulty to price fluctuations has rapidly increased.
Data shows that,

The World Cup prediction market has mysterious wallets withdrawing $24 million in profits, and the prediction platform has also been involved in controversy over fraud, prompting the industry to scrutinize transparency.
Three mysterious wallets have made large withdrawals, and the market is beginning to focus on the source of funds
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Recent abnormal trading records have appeared in the World Cup betting market. According to on-chain data analysis provided by Lookonchain, multiple cryptocurrency wallets participating in World Cup betting have collectively withdrawn over $24 million in profits during the tournament, drawing significant attention from the market and community.
Image source: X/@lookonchain Multiple cryptocurrency wallets involved in World Cup betting have collectively withdrawn over $24 million in profits during the tournament
Among them, the transaction performance of three main wallets has been particularly discussed. These addresses demonstrated extremely high win rates in multiple matches,

SpaceX announces acquisition of AI programming editor Cursor through all-stock transaction, implying a valuation of $60 billion. The deal is expected to close in the third quarter of 2026.
On June 16,, SpaceX, through its subsidiary X67, signed a merger agreement with Cursor's parent company Anysphere to acquire Cursor via an all-stock deal, implying a valuation of $60 billion (approximately NT$1.89 trillion); Cursor shareholders will receive SpaceX Class A shares. The transaction is expected to be completed in the third quarter of 2026, pending regulatory approval and other closing conditions.
Image source: X/@SpaceX
Michael

Algorand Foundation Announces Quantum-Resistant Roadmap, Aiming to Complete Technical Upgrades by the End of 2027 to Achieve Resistance Against Quantum Computing Threats and Secure Private Key Protection.
The Algorand Foundation recently released the "Quantum-Resistant Roadmap," striving to complete a series of upgrades by the end of 2027, with the goal of enabling Algorand to withstand quantum attacks. This also makes Algorand the latest public blockchain network attempting to resist quantum threats.
According to this roadmap, starting this year, Algorand will initiate a series of major upgrades, including the introduction of post-quantum accounts, multi-signature wallets, and staking support. In subsequent development phases, the upgrade focus will gradually expand to the network's underlying protocols and infrastructure, with the ultimate goal of ensuring the entire Algorand ecosystem is quantum-resistant by the end of 2027.

Franklin Templeton submits two new ETF applications to the SEC.
The funds plan to hold U.S. stocks and convert received cash dividends into Bitcoin allocations, allowing investors to balance core equity holdings with digital asset growth.
Franklin Templeton proposes a new ETF concept that combines U.S. stock dividends with Bitcoin allocations
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Global asset management giant Franklin Templeton recently submitted two new ETF applications to the U.S. Securities and Exchange Commission (SEC), aiming to create a new investment product that combines traditional stock returns with Bitcoin ($BTC) exposure.
Image source: SEC Franklin Templeton recently submitted two new applications to the U.S. Securities and Exchange Commission (SEC) for new ETFs.

The Wall Street Journal reports that the prediction market Polymarket pays creators to produce profit videos by filming simulated fake trades on a mock website. The official has promised a comprehensive review of promotional content.
The prediction market platform Polymarket is under investigation by *The Wall Street Journal* (WSJ), which says that, in order to attract users on social media, the company allegedly extensively uses paid creators to film “fake trades” and “fake profit” videos—making viewers mistakenly believe that creators are genuinely placing bets on the platform and earning large returns.
According to the WSJ investigation, a college student creator named George Makihara posted a video in January this year. The footage appeared to show him placing a bet on whether Trump would publicly say the word “McDonald’s” that month on Polymarket, and winning 100,000 dollars. In the video, he jumps up to celebrate when Trump utters the relevant phrase.

U.S. brokerage giant Charles Schwab is planning to work with the Chicago Mercantile Exchange (CME) to launch S&P 500 index event contracts, moving into the prediction market. The move will intensify competition in the market and once again draw attention to regulatory and legal positioning disputes for related products.
Charles Schwab Lays Out a Move Into Prediction Markets, Targeting S&P 500 Event Contracts
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U.S. brokerage giant Charles Schwab is preparing to enter the rapidly growing prediction market industry. According to a report by The Wall Street Journal, Charles Schwab plans to partner with the Chicago Board Options Exchange (Cboe Global Markets) to launch event contracts based on the S&P 500 index, enabling investors to trade based on short-term market trends.
The new product will use a binary outcomes design, allowing investors to predict

The report states that when using artificial intelligence to write programs, domain knowledge and acceptance ability are more critical than programming skills. Having professional judgment and question-setting ability can significantly improve the success rate of tasks.
On June 16, Anthropic released a research report titled "Agentic coding and persistent returns to expertise" (agentic coding

BlackRock Launches a New Bitcoin Options Premium Income ETF (Ticker: BITA). By holding spot Bitcoin and selling call options, it aims to generate passive income with monthly distributions for investors.
Who says Bitcoin can only be held and waits for appreciation? On Tuesday, global asset management giant BlackRock announced the official launch of a brand-new “iShares Bitcoin Options Premium Income ETF (Ticker: BITA),” enabling investors to participate in Bitcoin market moves while also receiving steady monthly options premium income through a “protective call” strategy.
According to the official statement released on Tuesday, BITA’s operating mechanism is based on taking positions by directly holding Bitcoin spot, as well as buying BlackRock’s own “iShares Bitcoin Trust ETF (Ticker: IBIT).” The key is that BITA will allocate approximately 25% to 35% of its holdings in …

Salvador Marks the 5th Anniversary of the Bitcoin Law as President Bukele Continues to Deepen Digital Asset Policies. The government has rolled out new measures such as tax exemptions on foreign income and lowering residency thresholds, actively working to attract global crypto talent and blockchain companies.
Five Years of the Bitcoin Law: From a Crypto Experiment to a National Strategy
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In 2026, Salvador marks the fifth anniversary of the implementation of the Bitcoin Law. Since becoming the world’s first country to recognize Bitcoin ($BTC) as legal tender in 2021, President Nayib Bukele has continued to push forward digital asset policies, hoping to make Salvador a global hub for cryptocurrency and financial innovation.
Although in recent years Salvador has adjusted some of its Bitcoin policies in response to International Monetary Fund (IMF) financing agreements, including removing requirements that merchants must accept Bitcoin payments, the government has continued to advance related policies.