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According to Jinshi reports, data from the Commodity Futures Trading Commission (CFTC) shows that as of the week ending June 23, stock fund managers increased their net long positions in the S&P 500 Index CME by 4,547 contracts to 987,977 contracts.At the same time, stock fund speculators reduced their net short positions in the S&P 500 Index CME by 146,022 contracts to 355,669 contracts.

The cryptocurrency trading platform Gate officially launched a new wealth management service system, Gate Wealth, aimed at ultra-high-net-worth individuals and institutional investors worldwide, providing private banking-level comprehensive services that connect Web3 and traditional finance. Gate Wealth integrates digital assets, fiat currency systems, and real-world assets (RWA) into a unified allocation framework, covering a diverse range of asset classes including cryptocurrency liquidity management, RWA fixed income assets, structured products, global stocks, ETFs, foreign exchange, metals, commodities, U.S. Treasuries, and primary market opportunities.Relying on a multi-jurisdictional compliance framework, an institutional-level liquidity network, and a professional research team, Gate Wealth offers 24/7 exclusive services, supporting large transaction execution, asset allocation, portfolio optimization, and dynamic rebalancing. In terms of building global financial service capabilities, Gate's entities have obtained or completed financial, payment, and virtual asset-related licenses, authorizations, or registrations in multiple core jurisdictions, providing a compliant foundation for Gate Wealth's cross-border asset allocation and multi-asset services.

Asset management giant Invesco is planning to launch a new money market fund aimed at stablecoin reserves. According to its amended filing with the U.S. SEC, Invesco intends to add the "Invesco Stablecoin Reserves Onchain Fund" to its Short-Term Investments Trust product lineup. The fund has not yet disclosed a code and will primarily invest in high-quality short-term assets, including U.S. Treasury securities, repurchase agreements, and cash equivalents, with the goal of maintaining a stable net asset value of $1 per share and providing daily liquidity.This product is designed for stablecoin issuers, allowing them to hold compliant reserves under the GENIUS Act reserve framework while earning returns. As of May 31, Invesco manages approximately $2.45 trillion in assets. The fund will also introduce blockchain infrastructure company Superstate as a secondary transfer agent for tokenized shares, recording fund shares on a yet-to-be-disclosed designated public blockchain. Recently, several Wall Street institutions, including State Street, have also launched similar products, indicating that traditional asset management giants are accelerating their competition for stablecoin reserves and the tokenized money market fund market.

According to Jinshi reports, Federal Reserve's Williams stated that the Federal Reserve will adjust reserve management purchase operations as needed.

According to The Block, a survey by CoinShares of 261 wealth management professionals in Europe shows that 52% of UK wealth advisors indicate that most of their clients' crypto asset exposure is outside their management scope (with a management gap exceeding 50%), while the overall percentage in Europe is one-quarter.The report points out that this "management blind spot" is primarily driven by company policies rather than a lack of advisor knowledge or client demand. In companies with explicit restrictions or a lack of internal guidance, the proportion of advisors actively recommending crypto assets is only 1%, while the management gap reaches 34%; in contrast, in companies with clear support, the recommendation rate is 48%, and the management gap is only 4%.The survey also found that the changes advisors most want to see are regulatory recognition of digital assets as a mainstream asset class (45%) and access to exchange-traded products (ETPs) (43%), rather than purely educational training.Currently, the UK's Financial Conduct Authority (FCA) has proposed allowing authorized funds to hold up to 10% in crypto ETPs, and the European regulatory environment is gradually shifting towards support, which may help narrow this management gap.

The trading platform Gate's full-link large model management platform Gate.AI has recently completed an upgrade, launching a one-stop large model routing service for enterprises and developers. The platform is now connected to over 200 mainstream large models worldwide, supporting the two major protocols of OpenAI and Anthropic. Enterprises can access different model resources through a single API, achieving unified access and management, thereby reducing development, operation, and migration costs.Combining intelligent routing and comprehensive enterprise governance, Gate.AI achieves optimal matching of heterogeneous models and high business availability through intelligent routing and an automatic fallback mechanism. In terms of governance and security, the platform has built a multi-level unified management system that includes organizational structure, role permission control, members, and API keys, reinforcing privacy protection with zero data retention (ZDR) and data processing agreements (DPA). Additionally, through refined cost governance measures such as shared quota pools, it helps enterprises achieve efficient, standardized, and transparent operation of AI resources.As an important part of Gate's Intelligent Web3 strategy, Gate.AI is continuously improving the construction of an open AI platform, further promoting the large-scale application of AI in practical business scenarios by connecting global model resources and enterprise-level governance systems. In the future, Gate will continue to deepen its efforts in model access, intelligent routing, enterprise governance, and application innovation, creating a full-link open AI ecosystem to provide long-term support for the intelligent upgrade of global enterprises.

The scale of U.S. leveraged ETFs is growing at a record pace, with investors' leverage usage also at a record high. Currently, the assets under management of the 3x long Nasdaq 100 Index ETF TQQQ have risen to approximately $40 billion, nearing historical highs. Meanwhile, the assets under management of the 3x long semiconductor ETF SOXL have reached a historical high of $34 billion. Since April, the asset size of SOXL has increased more than threefold, and the asset size of TQQQ has nearly doubled. In contrast, the 2x long Nasdaq 100 Index ETF QLD has grown by $7 billion during the same period, an increase of 88%, with a size close to the historical high of $15 billion. Driven by this, the total assets under management of U.S. leveraged ETFs have reached a historical high of $198 billion, a 55% increase during the same period.

Sonic Labs released the latest progress update, announcing that the Fantom Opera network will continue to operate until at least the end of 2026, and will continue to provide funding support for the cross-chain bridge during this period.The team stated that this decision was based on community feedback, as there were previous plans to cease operations of Fantom Opera by the end of this month. Meanwhile, Sonic Labs announced a new management structure, appointing Matt Visser as CEO and Kosta Kourkoumelis as COO, and indicated that they will publicly disclose team member responsibilities in the future, gradually phasing out the unified "Contributor" label.In addition, the project team stated that they will begin to lift some restrictions on community accounts, allowing for the expression of normal critical opinions, while establishing dedicated communication channels for disclosure, support, feedback, and developer collaboration, and planning to launch a more comprehensive ticket support system and community engagement activities. The team indicated that they will regularly disclose operational progress in the future.

According to The Block, Ben Slavin, the global ETF head at Bank of New York Mellon (BNY), stated that asset managers are accelerating their tokenized ETF plans, driven mainly by investor demand and the FOMO sentiment of fearing to miss early opportunities in blockchain finance. Slavin revealed that BNY has multiple tokenized ETF projects underway, and although the regulatory environment and infrastructure are not yet fully ready, many clients wish to launch products as soon as possible. He believes that blockchain networks are expected to become a new distribution channel for traditional investment products, enabling around-the-clock holding and transfer of fund shares, shortening settlement times, and expanding coverage for global investors.Slavin also pointed out that currently, hundreds of well-known ETFs are trading in tokenized form in unregulated markets, and most of these have not been directly authorized by the fund sponsors, which poses reputational risks. This topic has become a focal point for discussions among BNY's asset management clients. Although the industry is still exploring core issues such as the integration of tokenized funds with existing infrastructure, secondary trading mechanisms, and regulatory frameworks, Slavin stated that asset managers are increasingly inclined to believe that "getting in early" in this field is more important than "waiting for clarity."

Franklin Templeton announced that it has completed the acquisition of the cryptocurrency asset management company 250 Digital. The deal includes its entire team and all liquidity cryptocurrency strategies previously managed by CoinFund. Franklin Templeton will also invest in related products.The company has simultaneously established a dedicated active digital asset management department, Franklin Crypto, led by Christopher Perkins as the head, with Seth Ginns serving as the Chief Investment Officer, and jointly led with Tony Pecore, a member of the Franklin Templeton Digital Assets investment team. Franklin Crypto will provide actively managed cryptocurrency investment strategies to institutional investors based on Franklin Templeton's existing digital asset research and risk management framework.

According to CoinDesk, the long-established asset management company Baillie Gifford from Edinburgh, Scotland (founded over 118 years ago) announced on Monday in collaboration with global custodian giant BNY the launch of a tokenized fixed income fund—Baillie Gifford Enhanced Yield Fund (BAGEY), deployed simultaneously on the Ethereum and Solana public chains.The fund is denominated in US dollars and operates under an open-ended investment company (OEIC) structure within the UK regulatory framework, targeting qualified investors from the UK, Switzerland, and the Cayman Islands. It offers an actively managed short-duration corporate bond portfolio, with a current yield of approximately 7%.Unlike most tokenized products on the market, Baillie Gifford's Head of Digital Assets Theo Golden emphasized that BAGEY is not a traditional fund wrapped in a token shell, but rather a fund issued directly on-chain, with the blockchain itself serving as the rights registry, allowing investors to directly hold shares and enjoy direct recourse.BNY will provide tokenization and wallet infrastructure for the fund, with NatWest acting as the custodian. The Global Head of Investor Solutions at BNY stated that this issuance marks the transition of tokenization from concept to real application, as regulated fund structures evolve towards a more digital and interconnected market.

Aave experienced approximately $8.45 billion in fund withdrawals after the KelpDAO's rsETH cross-chain bridge was attacked in April 2026, but the core functions of the protocol did not fail, successfully completing one of the largest liquidity stress tests in DeFi to date. This crisis originated from the attack on KelpDAO's LayerZero cross-chain bridge, resulting in approximately $292 million in rsETH being stolen, raising concerns in the market about the collateral value and solvency of rsETH.As rsETH is widely used as collateral in protocols like Aave, the risk quickly spread, leading to concentrated withdrawals by users, with some market utilization reaching 100% at one point, causing some users to be unable to withdraw funds immediately. In the face of liquidity tightening, the Aave risk management team initiated emergency freeze and parameter adjustment mechanisms to limit the spread of risk.Aave founder Stani Kulechov viewed this incident as proof of the maturity of DeFi, believing that the protocol continued to operate as designed under extreme pressure, demonstrating the resilience of an on-chain transparent, rules-driven system. However, several independent analysts pointed out that while Aave avoided a systemic collapse, the event exposed that the DeFi lending system still has concentration risks, liquidity risks, and contagion risks arising from high interconnectivity between protocols. The behavior of large borrowers could have an impact on the overall stability of the system that exceeds model expectations.Aave currently controls risk through multiple protective measures such as loan-to-value (LTV) limits, liquidation thresholds, supply caps, borrowing limits, Isolation Mode, E-Mode, and governance mechanisms. These mechanisms played a role during this crisis, but observers believe that the governance response speed and risk models still need further optimization to cope with future unknown systemic shocks.Analysis suggests that this incident indicates that DeFi protocols can withstand large-scale runs without external assistance, but a single stress test cannot fully prove system safety. As the composability between protocols continues to strengthen, an issue with an external asset or cross-chain bridge could still quickly evolve into a liquidity crisis for the entire ecosystem.

The merger between cryptocurrency asset management company ReserveOne and special purpose acquisition company (SPAC) M3-Brigade Acquisition V Corp. (MBAV) has been declared a failure.Insiders revealed that the $1 billion deal ultimately collapsed due to at least two major investors in ReserveOne requesting to terminate the sale. The investors believe that since the announcement of the merger nearly a year ago, the prices of Bitcoin and other tokens have significantly dropped, and if ReserveOne were to go public now, its stock price would inevitably be below net asset value. Additionally, the transaction costs that need to be paid to bankers and sponsors make it economically unfeasible.

ChainCatcher, regarding the incident of OKX employees leaving to join Binance, OKX founder Star tweeted that over the past few years, many excellent OKX colleagues have joined other companies in the industry, including Yuki. We are proud of them for gaining recognition and favor from competitors, and we sincerely wish them success in their future development.OKX has hundreds of former employees from BN, including regional CEOs, product leaders, technical leaders, and many outstanding business and functional colleagues. They have brought valuable experience, perspectives, and input to OKX and have made significant contributions to the company's development. More importantly, they have deeply integrated with the OKX team and become part of OKX's culture and success. We have never treated this matter as marketing material to hype up.Talent mobility within the industry is a normal phenomenon and a sign of industry maturity. What truly matters is not where people come from, but whether they can continuously create value. Of course, for the very few who violate laws, business integrity, and professional ethics, we will take resolute measures and legally protect the company's legitimate rights and interests."A company that constantly talks about its vision, where the founder even in writing a book does not forget to heavily belittle former employees including the former CFO and former Asia head, is often the one with the least vision," Star said.Previously, according to RootData, former VIP account manager of OKX Yuki left to join Binance as a key account manager, sparking discussions among many crypto KOLs such as KuaiDong.

According to CoinDesk, Fidelity Investments has officially launched the "Fidelity Reserves Digital Fund," which aims to provide reserve asset management services for stablecoin issuers and institutional investors, further tapping into the capital management needs brought about by the rapid expansion of stablecoins. The fund will primarily invest in highly liquid assets such as short-term U.S. Treasury securities, cash, and repurchase agreements to meet the regulatory requirements for reserve assets of payment stablecoins under the U.S. GENIUS Act.At the same time, State Street has also recently launched a similar product, marking that large asset management institutions on Wall Street are accelerating their entry into the stablecoin reserve management market, competing around the cash and Treasury asset backing stablecoins.

According to Coindesk, Bittensor developers have submitted a new proposal called "Root Reborn," which aims to change the revenue distribution mechanism for Root network stakers.Currently, the revenue for Root network stakers is paid by selling subnet tokens for TAO, which continues to create selling pressure on subnet tokens. The new proposal will allow validators to actively choose a combination of supported subnets and reinvest the revenue originally intended for sale into these subnets, forming a basket of assets that compounds over time.This move will convert the ongoing selling pressure into net buying demand for subnet tokens, while transforming validators from passive revenue channels into active selectors similar to fund managers. Stakers will still receive revenue and can exchange subnet assets for TAO at any time.The proposal has currently only been submitted to the testnet and has not yet been deployed to the mainnet. It is reported that TAO has dropped 28% in the past 12 months, and the current annualized yield for Root network staking is approximately 17%.

The World Cup group stage continues today, with several matches producing results that were unexpected in the pre-match market. Spain drew 0-0 with Cape Verde, Belgium drew 1-1 with Egypt, Uruguay drew 1-1 with Saudi Arabia, and Iran drew 2-2 with New Zealand. Many teams that were considered likely to win before the matches failed to secure victories, leading to significant fluctuations in the related prediction markets.Base's native leveraged prediction market OmenX indicates that as the World Cup schedule enters a dense phase, sports prediction markets are no longer just one-way bets on popular outcomes; in-match fluctuations, upset results, and position management are becoming important scenarios for user trading. For users who already hold high-probability positions on platforms like Polymarket, OmenX's leveraged prediction market can be used to open similar or opposite positions with smaller amounts of capital, allowing for hedging and risk management as uncertainty in the events rises.OmenX data shows that in the past 24 hours, the trading volume in World Cup-related prediction markets approached $8 million, with single match outcomes, championship titles, and popular team-related markets being the main trading directions. As several popular outcomes failed to materialize, the demand for trading around position protection, in-match adjustments, and result repricing continues to rise.

According to SEC filings, the U.S. Securities and Exchange Commission has recently officially approved T. Rowe Price's application for a rule change to list the T. Rowe Price Active Crypto ETF on NYSE Arca. NYSE Arca submitted the rule change application as early as November 2025 and received final approval after two revisions.The ETF aims for long-term capital appreciation and will normally hold 5 to 15 types of crypto assets. As of the date of the application submission, the qualified assets identified by the sponsor include: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Litecoin (LTC), Polkadot (DOT), Dogecoin (DOGE), Hedera (HBAR), Bitcoin Cash (BCH), Chainlink (LINK), Stellar (XLM), Shiba Inu (SHIB), and Sui (SUI).In addition, the fund may also hold USDC as operational funds to pay fees and purchase assets, but it will not be used as an investment target.