Daily Report | U.S. Senate Passes the GENIUS Act; JD Coin Chain CEO Says JD Hong Kong and Macau Station Will Support Stablecoin Shopping

ChainCatcher Selection

2025-06-18 20:00:00

Collection

June 18 News Overview

Organizer: Jerry, ChainCatcher

Important News:

"What Important Events Happened in the Last 24 Hours"

U.S. Senate Passes the GENIUS Act

The U.S. Senate passed the GENIUS Act with a vote of 68 in favor and 30 against.

JPMorgan to Pilot JPMD Token on Base Chain, First Commercial Deposits on Blockchain

According to Bloomberg, JPMorgan announced it will pilot the issuance of the JPMD token on the Coinbase-associated public chain Base, representing dollar deposits. The first transfer will be completed in a few days and will only be available to institutional clients. JPMD is scalable and may support interest and deposit insurance in the future, seen as a compliant alternative to stablecoins.

Sun Yuchen's Father Gains Control of Listed Company SRM Entertainment, Which Will Be Renamed Tron Inc.

According to Coindesk, SEC filings reveal that Sun Yuchen's father, Sun Weike, gained control of the listed company SRM Entertainment through a PIPE transaction worth $100 million in TRX tokens, and the company will be renamed Tron Inc. The transaction was arranged by Dominari Securities, linked to the Trump family.

After the transaction is completed, Sun Weike will serve as chairman of the board, and Tron executives will join the audit, compensation, and nomination committees. Although the transaction does not directly involve Tron DAO, it is seen as an arrangement led by its core management. The new company plans to emulate MicroStrategy and may hold up to $210 million in TRX as a strategic asset.

Ohio's Bitcoin Rights Bill Passes State House with a 13-0 Vote

According to Cointelegraph, Ohio's "Bitcoin Rights" bill HB 116 passed the state house's Technology and Innovation Committee with a 13-0 vote.

The bill explicitly protects users' rights to self-custody of crypto assets, ensures the legality of individual and corporate mining and running nodes, and provides a $200 capital gains tax exemption for digital asset transactions. The bill aims to create a clearer and more friendly legal environment for the digital asset industry.

VanEck's Planned Solana Spot ETF Registered with DTCC, Code: VSOL

According to CryptoSlate, VanEck's planned Solana (SOL) spot ETF has been registered with the Depository Trust & Clearing Corporation (DTCC) under the code VSOL, marking a step closer to its official launch. The ETF still requires regulatory and exchange approval.

Previously, several U.S. asset management firms submitted applications for Solana ETFs to the SEC and filed amended registration statements in mid-June. Bloomberg analysts expect approval within three to five weeks, potentially launching in July. VanEck has not yet announced the official trading date for VSOL.

Pan Gongsheng: New Technologies like Blockchain and Distributed Ledger Drive the Growth of Central Bank Digital Currency Stablecoins

According to Jin10 data, Central Bank Governor Pan Gongsheng stated at the 2025 Lujiazui Forum that new technologies are accelerating applications in cross-border payments, with blockchain and distributed ledger technologies driving the robust development of central bank digital currency stablecoins. This has reshaped the traditional payment system from the ground up, significantly shortening the chain of cross-border payments while posing significant challenges to financial regulation. Technologies like smart contracts and decentralized finance will continue to drive the evolution and development of the cross-border payment system.

ElizaOS Founder: X's Demand for High Licensing Fees to Unlock Account is Extortion

ElizaOS founder Shaw posted on Farcaster stating: "X contacted me, claiming we violated certain terms of service, including selling data and selling certain content by bypassing API keys. We have never done this, neither in the past nor in the future. They directly cited my open-source code as the reason for the ban—yet that isn't even primarily my code, just a compilation of other open-source projects."

Shaw wrote, "They said if we pay $50,000 a month for an enterprise license, they would stop harassing us. Currently, we pay $1,000 a month for yellow label certification and $200 for developer licenses. Why would switching to an enterprise account change my rights to publish open-source code? This is blatant extortion and should not be legal. I do not want to be part of this system; it completely contradicts my principles. I am considering whether to resort to legal action."

Previous report indicated that ElizaOS's official X account @elizaOS and its founder Shaw's account @shawmakesmagic have both been frozen.

Binance Alpha Launches JANITOR and TAG

According to official information, Binance Alpha has launched JANITOR and TAG.

JD Coin Chain CEO: JD's Hong Kong and Macau Sites Will Support Stablecoin Shopping

JD Coin Chain Technology CEO Liu Peng recently revealed in an interview with Bloomberg Businessweek that JD's Hong Kong and Macau self-operated e-commerce will soon support stablecoin shopping. JD Coin Chain plans to obtain a license in early Q4 2025 and simultaneously launch stablecoins pegged to the Hong Kong dollar and other currencies. The company is currently testing in the Hong Kong Monetary Authority's stablecoin issuer sandbox, focusing on applications of stablecoins in cross-border payments, investment transactions, and retail payments.

Liu Peng stated that stablecoins will serve as new financial infrastructure in the Web 3 era, with advantages such as reducing transfer times from days to seconds and cutting costs by at least half compared to traditional transfers, expected to play a "disruptive" role in international trade and other scenarios.

Users with 234 Points on Binance Alpha Can Participate in DAOBase TGE Event

According to the official announcement, Binance Wallet has announced the new participation threshold for the DAOBase TGE, requiring points greater than or equal to 234, with a consumption of 15 points.

Iranian Crypto Exchange Nobitex Confirms Hacker Attack, Hot Wallet Assets Compromised

Iranian cryptocurrency exchange Nobitex today issued a security incident notice, confirming that the platform has suffered a hacker attack, affecting some hot wallet assets. It is reported that the pro-Israel hacker group "Gonjeshke Darande" has claimed responsibility for the attack and threatened to release Nobitex's source code and internal information within 24 hours.

Nobitex stated that users' assets in cold storage are safe, promising to fully compensate losses through insurance funds and platform resources. The platform's website and applications have been temporarily closed while the security team conducts a thorough investigation.

"What Interesting Articles Are Worth Reading in the Last 24 Hours"

Coin, Stock, Chain: A Deep Dive into Coinbase's Ultimate Ambitions Behind Its Empire Expansion

Coinbase's ambitions are becoming clear as it lays out a comprehensive strategy across coins, stocks, payments, and contracts, completing a closed loop on its own public chain, Base.

Under the Impact of the GENIUS Act, Can Tether Maintain Its Leading Position?

With the U.S. GENIUS Act hanging in the balance, Tether's response strategy has sparked market speculation.

Interview with Hyperlend Co-Founder: HYPE is Significantly Undervalued Compared to BNB, Year-End Price Will Be Stunning

Hyperliquid is repurchasing approximately $3 million worth of HYPE daily, which amounts to about $1 billion in annual buying pressure.

Flashbots Research: How MEV is Devouring Blockchain Scaling Benefits

As Ethereum Layer 2 and Solana strive to scale, MEV bots are seizing over 50% of block space with junk transactions, causing user fees to soar and eroding scaling benefits.

30 U.S. Public Companies Following the "MicroStrategy Effect": Small and Mid-Cap Stocks Become Major Crypto Reserves, Average Stock Prices Soar by 438%

From finance to technology, from healthcare to entertainment, more and more public companies are following MicroStrategy's path by incorporating crypto assets like BTC, ETH, SOL, and TRX into their balance sheets, initiating a capital game of valuation repricing.

Traditional Payment Models on the Brink of Collapse, Will a Trillion-Dollar Stablecoin Financial Company Emerge?

The collapse of stablecoins and traditional payment models.