The Democratic Party of the United States will hold a hearing next week to discuss the "Stop Trump from Participating in Cryptocurrency Act"

Odaily Planet Daily News: Jack Zhang, co-founder and CEO of Airwallex, posted on X platform questioning the actual use of stablecoins. He said: Investors keep asking me questions about stablecoins and how they can reduce foreign exchange fees; If you transfer money from US dollars to euros and the recipient still needs to receive euros at their bank, there is no way for stablecoins to reduce costs - the conversion cost from stablecoins to the receiving currency is much higher than in the foreign exchange interbank market. Encryption technology is an unexplored field, and no application cases of encryption technology have been seen in the past 15 years.

Odaily Planet Daily News: Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has once again released information related to Bitcoin Tracker, with the caption: "Send out more orange dots." Usually, he will disclose Strategy's Bitcoin increase data the day after he releases the Bitcoin Tracker information.

Odaily Planet Daily News: James Wynn posted on X platform asking the community which token is the next SafeMoon, and stated that he has put SOL in the "magazine" and is ready to "shoot".

BlockBeats News: On June 8th, according to DefiLlama data, Hyperliquid has now entered assets (platform supports USDC, USDT) of $3.386 billion. In the past 24 hours, the platform's annualized expenses have reached 878 million US dollars.

On June 8th, according to Forbes, the Federal Bureau of Investigation (FBI) in the United States recently issued a warning to smartphone users to be alert to a nationwide fraud activity where scammers impersonate FBI and other law enforcement agencies to deceive victims into sending money. Scammers use "deceptive caller ID" technology to disguise themselves as FBI phone numbers, falsely claiming that victims will be arrested unless payment is made immediately. The FBI has made it clear that it will never demand payment from the public over the phone to evade criminal charges. This type of fraud has become a global industry, where scammers use intimidation tactics to demand that victims make payments through prepaid cards, wire transfers, cash mail, or cryptocurrency ATMs. The FBI suggests that if you receive such a call, you should immediately hang up and submit a report to the IC3.gov website.