Important Developments in the Blockchain Industry This Week

Policy Regulation

The U.S. Securities and Exchange Commission ( SEC ) will hold a roundtable on "DeFi and the American Spirit" at its headquarters in Washington on June 9. The event will be publicly livestreamed and will include panel discussions and a public Q&A session. Officials attending include the SEC Chair and several commissioners, with guests representing multiple Blockchain companies.

The EU Data Protection Board has approved a draft regulation governing how personal data is stored and shared on the Blockchain. The new guidelines restrict access to stored information and comply with GDPR protection provisions. The deadline for public consultation is June 9.

Chairman of the U.S. House Financial Services Committee, French Hill, has set the date for the House's review of the cryptocurrency market structure bill for June 10.

The US SEC has postponed its decision on the Litecoin spot ETF application and initiated a public comment period. The deadline for responses is June 10.

The U.S. Senate Agriculture Committee will hold a hearing on June 11 to review the nomination of Brian Quintenz to serve as the chairman of the CFTC.

The U.S. prosecution stated that the Justice Department's recent relaxation of enforcement standards for crypto companies will not affect the existing charges against Terraform Labs founder Do Kwon. The next preliminary hearing is scheduled for June 12.

The U.S. "2025 Stablecoin National Innovation Act" is expected to receive bipartisan support and may have a final vote as early as next week.

Exchange Dynamics

Binance has launched a spot liquidity program limited to altcoins for small market makers, with eligibility review starting on June 9.

Binance Alpha platform will launch Defi App (HOME) and Resolv (RESOLV) on June 10.

Coinbase Institutional will enable 24/7 trading of XRP and SOL futures for U.S. traders starting June 13.

Coinbase Prime will be temporarily offline on June 14 due to a technical system upgrade, expected to last up to 4 hours.

Project Progress

dYdX plans to release the final proposal to terminate support for the Ethereum-dYdX cross-chain bridge on June 9.

The strategy aims to raise approximately $1 billion through the issuance of preferred shares to increase its Bitcoin holdings, with the issuance and sale of its STRD stock expected to complete on June 10.

The Base ecosystem social prediction market Upside will be launched on June 10.

The DeFi protocol ALEX promises full compensation for all users affected by the attack, and the submission of the claim form will close on June 11.

The encrypted mobile game "FIFA Rivals" will be globally launched on June 12, featuring Adidas-themed digital assets.

Farcaster will airdrop NFTs next week for the first 10,000 Pro subscribers.

Token Unlocking

This week, several projects will have token unlocks, including Movement, Aptos, Immutable, Starknet, and others. Among them, Aptos and Starknet have larger unlock scales, worth approximately $52.7 million and $16.6 million, respectively.