Crypto Daybook Americas: Bitcoin Weakness Fails to Stop Corporate Adoption Wave
Your day-ahead look for June 3, 2025
Your day-ahead look for June 3, 2025
According to the official announcement, Bybit announced that HOME will soon be launched on the spot trading platform. HOME recharge will be open on June 9th at 18:00 Beijing time, HOME listing time will be on June 10th at 19:00 Beijing time, and HOME withdrawal opening time will be on June 11th at 18:00 Beijing time. Deposits and withdrawals can be made through BASE, BSC, and SOL networks.
According to Bitcoin.com, Hester Peirce, the head of the US Securities and Exchange Commission's (SEC) crypto working group, called for a more lenient regulatory approach to digital assets at the third annual meeting on emerging trends in asset management held on June 5th. She pointed out efficiency issues in the current approval process and emphasized the need to establish a standardized approval framework to reduce the industry's compliance burden, using the approval process of spot Bitcoin ETFs as an example. Peirce specifically mentioned the urgent need to clarify the custody system, as the legal status of state-level chartered trust institutions as digital asset custodians has not yet been clarified. With recent policy adjustments by institutions such as the US Monetary Authority, she expects more options for cryptocurrency custody to emerge and urges the SEC's investment management department to issue relevant guidelines as soon as possible. In terms of investor protection, Peirce suggests reassessing the "qualified custodian" system and proposing the development of regulatory principles that are more in line with the characteristics of digital assets. She stated that a clear regulatory framework is crucial for promoting the integration of traditional finance and blockchain innovation, and the SEC needs to adopt a more forward-looking regulatory stance.
According to Bitcoin.com, the Brazilian government is considering taxing cryptocurrency transactions to alleviate the social impact of the increase in the Financial Transactions Tax (IOF). After the government announced the increase in IOF tax rates on May 22, House Speaker Hugo Motta proposed in a public speech to include cryptocurrencies in the taxation scope, but emphasized that the proposal has not yet been finalized. This proposal has sparked controversy in the Brazilian cryptocurrency industry. Vanessa Butalla, Vice President of Legal Affairs at Mercado Bitcoin, pointed out that according to the current regulations of the Brazilian tax authority, imposing IOF on cryptocurrencies is equivalent to taxing investment properties and lacks legal basis. Daniel de Paiva Gomes, a partner at law firm Paiva Gomes, further emphasized that only congressional legislation can classify cryptocurrencies as taxable assets, and the government only has the authority to adjust tax rates and deadlines.
According to Cointelegraph, the security team of cryptocurrency exchange Kraken pointed out that industry conference participants generally lack basic security awareness. Security director Nick Percoco stated in a blog post on June 5th that a large number of attendees were found to have left unlocked laptops and phones at will, with wallet notifications popping up in real-time, making them easy targets for criminals. Percoco warns that scammers often carry out attacks through "charging hijacking" (malicious USB interfaces) and forging WiFi networks. He suggested that attendees use temporary wallets with only a small amount of funds left and avoid discussing transaction details in public. The security team also found that some participants openly discussed high-value transactions in non conference venues such as hotels, while wearing conference credentials containing personal information. Kraken emphasized that cryptocurrency users should always keep their devices locked and be alert to potential risks such as QR code replacement. Percoco reminds that industry activities gather a large number of technical personnel, including those with hacking capabilities, and an unencrypted connection may result in asset loss.
According to the popularity ranking, LA's popularity has increased by 200000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① LA ($1.50,30.43%) ② LPT ($7.96,-5.46%) ③ ETH ($2474.45,-5.03%) ④ TRB ($45.98,-7.20%) ⑤ RVN ($0.01453,-21.92%) LA's main funds have strong buying power, with a net inflow of $16.093 million in 24 hours and a transaction volume of $1.919 billion in 24 hours, of which the main funds have a net outflow of $1.7644 million.