Societe Generale launches USD stablecoin USDCV on Ethereum and Solana

According to Bitcoin Magazine, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), stated in an interview that Bitcoin has passed its most dangerous phase and will not experience a bear market again in the future. He predicts that the price of Bitcoin will reach $1 million and emphasizes the support of senior US government officials for Bitcoin. Saylor revealed that MicroStrategy is building a unique business model through the issuance of Bitcoin guaranteed bonds and preferred stocks, and has completed three Bitcoin guaranteed preferred stock issuances in the past five months. The company's full Bitcoin balance sheet gives it an advantage in developing innovative financial products and is competing with the $100 trillion traditional bond and preferred stock ETF market. In addition, the market value of Japanese listed company Metaplanet has soared, which Saylor believes indicates that international capital is accelerating its influx into the Bitcoin field, and the next decade may be the last window for acquiring Bitcoin.

Foresight News reported that Joseph Lubi, co-founder of Ethereum, tweeted that the SBET token is a scam. It has no connection with SharpLink Gaming Inc (stock code SBET). The real SBET is currently listed on NASDAQ. If you buy this token, you will be ripped off. Subsequently, some community users replied to Joseph Lubi in the comment section, stating that the SBET token is just a spiritual symbol of Meme.

According to The Block, Nasdaq listed mining company IREN announced plans to issue $450 million convertible senior notes to qualified institutional investors through private placement, and reserves the right to add $50 million within 13 days. The company plans to use some of the raised funds for cap option trading to reduce equity dilution caused by convertible bond conversions, and also intends to sign a prepaid forward stock repurchase agreement worth $100 million. The remaining funds will be used for general corporate purposes and to supplement operating capital. It is reported that IREN operates data centers with a total installed capacity of 2910 megawatts in the United States and Canada, covering three major areas: Bitcoin mining, AI cloud services, and AI data centers.

According to Cryptonews, the Russian Ministry of Digital Development is drafting new regulations to crack down on illegal cryptocurrency mining. The draft stipulates that individuals who engage in illegal mining will face a fine of 100000 to 200000 rubles, and companies can be fined up to 2 million rubles. Cryptocurrencies involved in the case will be confiscated. The proposal is currently in the cross departmental review stage. The new regulations explicitly prohibit the use of cryptocurrency for payment and settlement, and violators will be fined up to 1 million rubles. Mining operators are required to report mining data and wallet addresses to the Financial Supervisory Bureau. The current policy in Russia allows household mining (with monthly electricity consumption not exceeding 6000 kWh), but restrictions are implemented in 10 regions. The central bank has stated that confiscating cryptocurrency assets will be the most effective deterrent.

According to BlockBeats, on June 11th, in the most notable protest against yesterday's OP-RETURN news, a vice president of OCEAN mining pool promised to sell all of its Bitcoin (BTC) and completely exit the industry. By October, Jason Hughes will cease working with Luke Dashjr and BitcoinMechanic, leaders of the movement against major changes to Bitcoin Core. Recently, 31 senior developers signed a letter and planned a major change, which is that the default memory pool of Bitcoin Core will relay up to 4MB of transactions - this adjustment will benefit DAOs, oracle machines, revenue stablecoins, and alternative coin trading platforms that publish data to the Bitcoin ledger. This change may spread to tens of thousands of full nodes in the next Bitcoin core software update. When the node operator updates to Bitcoin Core 30 version four months later, they will no longer filter out OP-RETURN outputs exceeding 80 bytes and will relay pending transactions to other nodes. Jason Hughes, along with Luke Dashjr, BitcoinMechanic, and others, opposed this update. He wrote in an open letter that "the principles of Bitcoin no longer exist" and stated that "he has exhausted his energy in this struggle". He stated that although his next career direction has not been announced yet, he has received multiple job offers from non crypto industries.