Hong Kong’s Financial Secretary Paul Chan Mo-po said the Hong Kong Special Administrative Region government will launch a two-month public consultation on the city’s first five-year plan on June 15. According to Odaily, Chan wrote in a blog post that the plan aims to strengthen economic growth momentum, promote better application of technology, and support a more inclusive society with more quality job opportunities and improved living standards. Chan said “AI+” and “Finance+” are two strategic directions for further discussion. He said AI is no longer limited to the innovation and technology sector and plays a key role in improving competitiveness across industries, including by enhancing data analysis, risk management, and customer service in finance. He added that “Finance+” refers to making better use of Hong Kong’s full-chain financing and fundraising functions, including building a more complete patient capital system to support frontier technology companies.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics.

The Bangko Sentral ng Pilipinas (BSP) has issued a memorandum requiring virtual asset service providers (VASPs) to strengthen due diligence and verification processes, including systematic screening, ongoing monitoring, and delisting triggers for tokens listed on their platforms. According to Foresight News, the Philippine Star reported that the memorandum sets out detailed requirements for how VASPs should assess and manage listed tokens. Under the memorandum, VASPs must evaluate tokens across six areas: the issuer’s background, market maturity, use case and transparency, traceability and security, redemption and liquidity reserves, and legal compliance. VASPs are also required to set thresholds for deviations from listing standards that would trigger delisting procedures. The BSP said tokens must be immediately suspended or delisted in cases involving adverse market dynamics, regulatory violations, cybersecurity risks, misleading disclosures, or abnormal market volatility. The memorandum further states that privacy-enhancing virtual assets, or privacy coins, are prohibited from being listed or supported on VASP platforms.

Misam M. Abidi was indicted by a federal grand jury over an alleged cryptocurrency investment fraud scheme. According to NS3.AI, prosecutors accused Abidi of defrauding investors of millions of dollars through Star Credit Holdings from 2020 to 2024.

Scotland marked their long-awaited return to the World Cup with a nervy but historic 1-0 win over Haiti, while Brazil were pegged back to a 1-1 draw by an impressive Morocco side and Switzerland were denied victory by a dramatic late own goal against Qatar. Australia rounded off a dramatic day with a commanding 2-0 victory over Turkey. In Group C, Scotland ended a 28-year absence from the World Cup in fitting fashion at the Boston Stadium in Foxborough. Aston Villa captain John McGinn gave the Scots the lead before half-time, his deflected effort wrong-footing the Haiti goalkeeper to make it 1-0. Scotland were far from their fluent best after the break as Haiti grew into the game and threatened on several occasions, most notably through Frantzdy Pierrot, who twice came agonisingly close to an equaliser. Clarke's side held on for a result that sparked wild celebrations among the Tartan Army. The 1-0 win represents Scotland's first at a World Cup since 1990 and their first appearance at the tournament since France 1998. It also sends them to the top of Group C ahead of their next fixture against Morocco on 19 June. "It's been a long time coming," said an emotional McGinn afterwards. "It was a must-win game and we won." Also in Group C, Brazil were made to work hard in a 1-1 draw with Morocco in New Jersey. Morocco struck first through Ismael Saibari, and Carlo Ancelotti's side looked underwhelming for long stretches against an Atlas Lions outfit that fully earned their point. It took a moment of individual brilliance from Vinícius Júnior to rescue the Seleção, his fine equaliser preventing what would have been a shock opening defeat. The draw leaves Brazil and Morocco level in the standings, with Scotland leading the group. In Group B, Qatar snatched a dramatic 1-1 draw against Switzerland courtesy of a late own goal by Swiss defender Miro Muheim. Switzerland had been on course for victory before the unfortunate error handed the host nation a share of the spoils. The result means all four teams in Group B are level on one point after the first round of matches, setting up a closely contested battle for qualification. In Group D, Australia impressed with a disciplined 2-0 win over Turkey in Vancouver. Young forward Nestory Irankunda combined with Paul Okon-Engstler to produce one of the goals of the day, before Connor Metcalfe added a second to seal the points. Head coach Tony Popovic was effusive in his praise afterwards: "Proud. Proud to be here as head coach. To experience this, put a smile on people's faces." The result puts Australia level on points with the United States at the top of Group D. Upcoming Matches  for June 14 (all times EST): 1:00 p.m. — Germany v Curaçao, Group E4:00 p.m. — Netherlands v Japan, Group E7:00 p.m. — Côte d'Ivoire v Ecuador, Group F10:00 p.m. — Sweden v Tunisia, Group F

BitMine’s Class A perpetual preferred shares (BMNP) have been approved for listing on the New York Stock Exchange and are scheduled to begin trading on June 16, with a 9.50% dividend rate. According to Foresight News, the board has declared an initial cash dividend of $0.316667 per share, payable on June 22 to shareholders of record as of the close on June 12. The company also announced a second weekly dividend of $0.105556 per share, payable on June 26 to shareholders of record as of the close on June 16.

Yesterday, the largest IPO in human history came to a close. The money flowed into space, and it also flowed into one person.

Stablecoin, Vitalik Buterin, ETH: A new type of stablecoin is brewing on Ethereum. Golden Finance reports that the token will be split in two, completely eliminating the risk of forced liquidation.

This week, 13 blockchain startups completed funding rounds, raising a total of $598.1 million.

Standard Chartered analyst Geoffrey Kendrick has put forward a rather bold view: the bottom of the BTC cycle has been locked around 59k, a drop of 53%, winter is over, and welcome back to the crypto spring.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse Morning 8," issue 3089, providing you with the latest and fastest news on the digital currency and blockchain industry.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market and contract data, mining information, project updates, technological advancements, and other industry dynamics.

The combination of rising leverage and lagging depreciation has caused risks to spread from off-balance-sheet to the credit system.

SpaceX, US stock, xStocks' SpaceX IPO saw a massive reduction in allocations, which is not a sign of disrespect for the cryptocurrency market. Golden Finance reports that this isn't the first time the core underwriting syndicate has changed allocations at the last minute.

On the opening day of the world's largest IPO, crypto platforms experienced a quota incident.