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According to The Block, a joint letter initiated by Stand With Crypto, the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a prompt full Senate vote on the Digital Asset Market Clarity Act (referred to as the CLARITY Act). More than 200 crypto companies, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, participated in signing.The joint letter points out that the CLARITY Act will establish a comprehensive federal regulatory framework for the digital asset market, clarify the division of responsibilities among regulatory agencies, provide feasible registration pathways, and protect software developers' innovation while encouraging more digital asset businesses to return to the U.S. market. The signatories stated that the act would help keep innovation, jobs, investment, and market activities in the U.S., further solidifying the country's leading position in global digital asset innovation.It is understood that the CLARITY Act received bipartisan support from the Senate Banking Committee last month and passed the committee's review. Senator Cynthia Lummis subsequently stated that the next step for the act will be to enter the full Senate review stage.Additionally, 160 former national security and law enforcement officials had previously signed in support of the act, and U.S. Treasury Secretary Scott Bessent and White House crypto advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of the Trump family's interests in relation to the crypto industry is still seen as one of the main obstacles facing the advancement of the act.

NVIDIA (NVDA) CEO Jensen Huang stated that NVIDIA's collaboration with SK Hynix and SK Telecom is expected to bring hundreds of billions of dollars in business opportunities to South Korea in the future.Huang mentioned that as the construction of artificial intelligence infrastructure continues to advance, and the demand for AI chips, memory, and communication technologies grows, the deep cooperation between NVIDIA and South Korean technology companies will become an important driving force for the development of South Korea's AI industry and may create significant economic value.

Senator Kevin Cramer stated in an interview that the U.S. Congress must immediately pass the Clarity Act, or else the cryptocurrency industry and future financial control will completely shift to other countries around the world.He emphasized, "This is not a Bitcoin issue, but a strategic issue of who controls the future of finance."

According to a report by Knews, on June 7, the Supreme People's Procuratorate disclosed a new type of virtual currency theft case. A man from Shandong, Zhang, had long assisted an acquaintance, Feng, in handling virtual currency transactions. After gaining Feng's trust, he proactively suggested that Feng switch to a more convenient digital wallet. The asset mnemonic (key) of this type of wallet is generated by randomly selecting 12 combinations from 2048 commonly used English words, which is the core password for storing virtual currency.Taking advantage of the moment when Feng was copying the mnemonic, Zhang memorized 11 complete words solely by sight and strong memory, and also noted the first letter of the last word. That night, relying on fragmented memory to repeatedly test and combine, he successfully unlocked Feng's digital wallet and transferred 107 bitcoins, later selling them for an illegal profit of 660,000 yuan. The court ultimately sentenced him to ten years and nine months in prison for theft and imposed a fine of 100,000 yuan.

GoPlus posted on platform X that the Meta account recovery feature has been exposed to a high-risk design flaw, which could directly leak users' phone numbers, email addresses, and PII (Personally Identifiable Information). Attackers only need to input the META username without any login or verification to directly obtain the complete PII linked to the user, such as email addresses and phone numbers. This could pose significant risks to users, including: large-scale phishing attacks, SIM card swapping attacks, account takeover and identity theft, and targeted social engineering attacks.Recommendations: Remove or change the leaked email/phone number as a recovery method; modify related account passwords and enable 2FA; do not click on any emails or messages related to "account anomalies," "verification," or "password reset"; set up multi-channel verification, which can be verified through official documents or other official social media channels.

NVIDIA CEO Jensen Huang stated at a press conference held on the 8th in the SK Seorin Building in Jongno District, Seoul, alongside SK Chairman Chey Tae-won, "If you are a shareholder of an AI company, you would be pleased, and there may be more opportunities in the future." He also added, "Currently, its price is very low."

According to a report by Bloomberg, Nvidia and SK Hynix have signed a multi-year cooperation agreement to jointly design future generations of AI memory chips and advance related chip design and manufacturing.According to the statement, Nvidia will also assist SK Hynix in expanding into new areas such as infrastructure, physical AI, and memory required for its most powerful accelerator, Vera Rubin. This cooperation further deepens the collaboration between the two parties in the high-end semiconductor and AI chip industry chain.

According to Jinshi reports, NVIDIA CEO Jensen Huang stated that the memory shortage will last for several years and he will meet with the Vice Chairman of Samsung tomorrow.Additionally, according to the South Korean private news agency NEWSIS, Jensen Huang and SK Group Chairman Chey Tae-won will announce a cooperation plan on Monday.

According to the "Procuratorial Daily," Lin, Zeng, and Dai conspired to use virtual currency trading as a pretext. During the trading process, they secretly filmed the victim's digital wallet private key and, after the virtual currency was credited, secretly logged into the victim's wallet to reverse the transaction, transferring the related virtual currency back to their controlled accounts. The three committed the crime three times, causing the victim a total economic loss of 660,000 yuan.The first-instance court held that in the absence of a clear judicial interpretation regarding the valuation method of virtual currency and sentencing standards, it was inappropriate to directly determine the amount involved as particularly huge based on the victim's purchase amount of 660,000 yuan. Therefore, they sentenced the three based on "other serious circumstances," imposing prison terms ranging from eight years to five years and six months, along with fines. The Hanyang District Procuratorate of Wuhan City in Hubei Province subsequently filed an appeal, which was supported by the Wuhan City Procuratorate.The prosecution argued that the first-instance court applied the law incorrectly and imposed an excessively light sentence. Prosecutor Dai Wentao of the Wuhan City Procuratorate stated that in the case where the victim had a clear loss amount to refer to, it was contradictory and legally erroneous to claim that the value of virtual currency could not be determined. In judicial practice, using the resale price and transaction price as the basis for determining the amount of theft has become mainstream, and determining the value of virtual currency based on the actual cost paid by the victim has factual, legal, and practical basis.The Intermediate Court of Wuhan accepted the prosecution's opinion in the second instance, revoked the corresponding content of the original judgment, and changed the determination of the theft amount to particularly huge. It sentenced the principal offender Lin to ten years and six months in prison for theft, and sentenced the accomplices Zeng and Dai to eight years in prison each, along with fines.

According to PR Newswire, Hut 8's wholly-owned subsidiary Beacon Point DC LLC has completed the pricing of $4.25 billion in senior secured notes, with a coupon rate of 6.129%, maturing in 2042, and is expected to close on June 9, 2026.The funds raised will be used to build a data center on approximately 521 acres of land in Nueces County, Texas, which will include six data halls with a total critical IT capacity of 352 megawatts, and will be leased to a tenant with a credit rating of no less than AA-. These notes do not constitute recourse to Hut 8's parent company.

According to the official website of the U.S. Congress, the full text of the U.S. House of Representatives' "American Reserve Modernization Act" (H.R.8957, ARMA) has been made public. This bill was introduced on May 21 by Alaska Congressman Nicholas Begich and has now been referred to the House Financial Services Committee for review.The main content of the bill includes: incorporating Bitcoin obtained by the government through criminal or civil forfeiture into a strategic Bitcoin reserve managed by the Treasury Department, establishing a minimum holding period of 20 years during which it cannot be sold or disposed of; establishing a quarterly reserve verification mechanism and introducing independent third-party audits; allowing states to voluntarily hold their Bitcoin in independent accounts at the Federal Reserve.In terms of forward-looking provisions, the bill requires the Treasury Department and the Department of Commerce to jointly study feasible paths for increasing Bitcoin holdings in a budget-neutral manner within 180 days, including converting non-Bitcoin digital assets, forfeiture proceeds, voluntary donations, tax or tariff revenues, and utilizing mechanisms related to the Federal Reserve or gold certificates.Analysts point out that compared to the previous "BITCOIN Act," which called for the purchase of 1 million Bitcoins, ARMA is more moderate and politically feasible, but still leaves room for future federal increases in Bitcoin holdings.

According to Jinshi reports, U.S. interest rate futures data shows that the probability of the Federal Reserve raising interest rates in December has increased from 48% to 63%.

According to Bloomberg, the U.S. House Ways and Means Committee is preparing legislation to establish a cryptocurrency tax structure, which could be released as early as Friday, followed by a hearing early next week. Committee Chairman Jason Smith will prioritize the development of a digital asset tax framework, with the Treasury Department also involved in the process.The committee is expected to release seven bills addressing when tokens obtained through mining or staking will be taxed, exempting certain stablecoin transactions from capital gains tax, equal tax treatment for digital assets and securities (including charitable donations), allowing foreign investors to trade U.S. securities without being taxed as domestic entities, and expanding wash sale rules to digital assets.

According to CoinDesk, U.S. Senator Cynthia Lummis, along with several Senate Republicans, urged financial regulators to abolish the 1,250% punitive risk weight set by the Basel Committee on digital assets and to establish a new capital framework so that banks can meaningfully participate in the cryptocurrency market.

According to Coinglass data, the total liquidation across the network in the past 24 hours has risen to $1.787 billion, with long liquidations at $1.517 billion and short liquidations at $269 million.In the last 24 hours, a total of 296,488 people have been liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD worth $16.1984 million.

According to Decrypt, U.S. Treasury Secretary Behnam stated at a Senate Finance Committee hearing that the Treasury is advancing Trump's executive order to establish a U.S. strategic Bitcoin reserve at a "prudent and steady pace," emphasizing that "best practices" will be adopted to ensure the relevant mechanisms have long-term sustainability.Behnam pointed out that the strategic Bitcoin reserve is a completely new area, and the implementation process is relatively complex, so the government is carefully developing a custody and management framework. Currently, the U.S. government holds approximately 328,400 Bitcoins, valued at about $20.6 billion, and these assets mainly come from seizures in criminal and civil cases.In addition, Behnam urged Congress to advance the digital asset market structure bill, the CLARITY Act, which he believes is crucial for maintaining the U.S.'s leading position in digital asset innovation. The bill aims to clarify the regulatory framework for digital assets and define when crypto tokens are subject to securities or commodities regulatory rules. The relevant legislation is currently under review in the Senate.

According to on-chain analyst Ai Yi's monitoring, former ConsenSys ambassador Russell Verbeeten (@rverbee) has started transferring a large amount of ETH after a year, with the source of his funds traceable back to 10 years ago, at a cost as low as $5.6. Seven hours ago, he withdrew 20,426 ETH ($37.26 million) from Aave, which was then distributed to 10 new addresses, one of which has 4,144 ETH deposited into the Coinsquare exchange, while other tokens have not yet been transferred or sold.

According to Gate market data, the Nasdaq 100 index has turned positive, and market sentiment has warmed up.

The artificial intelligence market research platform AlphaSense has completed a $350 million financing round, with a latest valuation of $7.5 billion, significantly up from its previous financing round of $4 billion in 2024. Investors participating in this round include Accenture and the asset management division of JPMorgan. AlphaSense CEO Jack Kokko stated that there is a possibility for the company to conduct an initial public offering (IPO) in the future.