Spark is integrating Spark Savings into BitGo, whose IPO filing listed about $104 billion in assets for more than 1,500 institutional clients. According to NS3.AI, Spark co-founder Sam MacPherson said BitGo users holding USDC or USDT will be able to earn yield on idle capital through the integration.

A package of crypto tax bills remains a work in progress after the U.S. House Ways and Means Committee raised concerns in a hearing, including potential abuse of provisions allowing miners and stakers to defer tax on newly minted coins until disposition. According to CoinDesk, Democrats on the panel questioned whether the deferral could be gamed by mining companies, echoing testimony from NYU Law Tax Law Center deputy director Mike Kaercher that some structures could let taxpayers permanently escape tax. Chairman Jason Smith said he wants bipartisan progress, but timing is uncertain before Congress ends in 2026.

Solana Institute CEO Kristin Smith is calling on the U.S. Senate to pass the CLARITY crypto market structure bill while keeping protections for software developers and blockchain infrastructure providers, arguing they should not be regulated as financial intermediaries. According to Cointelegraph, Smith said in a thread on the X social media platform that the legislation “has a real shot at passing the Senate,” making it important for lawmakers to preserve safeguards for open-source developers. Smith said more than 60 crypto CEOs and founders, including Solana co-founder Anatoly Yakovenko, signed an open letter urging the Senate to maintain robust developer protections in the CLARITY Act. She added that open-source developers, validators, and non-custodial wallet providers do not control user funds or execute transactions and therefore should not be treated as brokers or custodians. Smith pointed to the Blockchain Regulatory Certainty Act (BRCA) as a framework that would provide legal certainty for noncontrolling software developers and blockchain infrastructure providers that do not custody customer assets or control transactions. Introduced in January by Senators Cynthia Lummis and Ron Wyden, the bipartisan BRCA aims to prevent open-source developers from being classified as “money transmitters” solely for publishing software code. Smith’s comments also echoed remarks by U.S. Securities and Exchange Commission Commissioner Hester Peirce, who said last week that publishing open-source blockchain code is protected speech and that developers should not be treated as financial intermediaries simply because others use their software. Speaking at the IC3 Blockchain Camp at Princeton University, Peirce said that “many blockchain projects involve publishing open-source software, which is generally a protected activity under the First Amendment.” The CLARITY Act cleared the Senate Banking Committee in May and was recently placed on the Senate Legislative Calendar, setting the stage for a possible floor vote later this summer. The SEC’s mandate regarding digital assets has evolved significantly under current Chair Paul Atkins, who vowed to end the agency’s “regulation through enforcement” approach to the industry.

U.S. API gasoline inventories fell by 1.191 million barrels in the week ended June 5. According to Jin10, the market expectation was for a decline of 614,000 barrels, compared with a prior reading showing an increase of 3.454 million barrels.

Geoffrey K. Auyeung was sentenced to five years in prison for laundering funds connected to a fraud scheme that defrauded victims of nearly $100 million. According to NS3.AI, his accounts received $97.1 million from June 2022 to July 2024. Prosecutors said Auyeung earned at least $4 million in commissions tied to the laundering activity.

Scott Greytak argues Congress should close five “corruption gaps” in the Digital Asset Market Clarity Act as it heads toward a U.S. Senate floor vote after clearing the Senate Banking Committee on May 14. In an opinion column, according to CoinDesk, he cites gaps covering DeFi oversight, a “Tornado Cash” loophole, stablecoin controls beyond the GENIUS Act, cross-border jurisdiction, and ethics rules to curb conflicts of interest. He points to Treasury findings that Tornado Cash laundered more than $455 million stolen by the Lazarus Group and U.N. reports of another $147.5 million.

Citigroup’s chief financial officer said the bank expects its second-quarter trading revenue to increase by a high single-digit to low double-digit percentage range. According to Jin10, the CFO provided the outlook without giving a specific figure.

Perpetual futures account for about three-quarters of all cryptocurrency derivatives trading, and their growth rate has surpassed that of almost any other financial product in history.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

SpaceX, the "largest IPO in history," has already provided the crypto market with a classic case of arbitrage before even listing on traditional capital markets.

A two-dimensional white-haired girl avatar, an overseas social media account, two A-shares hit the 20% daily limit for three consecutive days, and an AI translation blunder unexpectedly boosted a third stock.

The main storyline of AI has not ended, but it has moved beyond a single narrative of unlimited computing power expansion.

When the risk is no longer "sudden liquidation," it may be the starting point for the next evolution of DeFi.

Speculative culture has never disappeared in South Korea; it's just that the current stock market leverage boom has diverted some crypto funds, and the South Korean crypto market is experiencing a trend of "retail investors retreating and institutional investors entering the market."

SpaceX will ring the bell on Nasdaq. This will be the largest IPO in human history—55.56 billion shares.

Since the beginning of June, BTC has fallen from 71k to around 60k before finally starting a local bottoming out and rebounding.

At midnight Beijing time on June 9, 2026, Apple's WWDC 2026 arrived as scheduled.