final

According to The Block, the UK's Financial Conduct Authority (FCA) finalized a comprehensive crypto regulatory framework on Tuesday, with a mandatory licensing regime set to take effect on October 25, 2027. The framework covers prudential requirements, market abuse regulation, and stablecoin standards, applicable to crypto trading platforms, custodians, stablecoin issuers, lending and staking service providers, as well as some DeFi companies with identifiable controlling entities.Businesses can apply for authorization between September 30, 2026, and February 28, 2027, and existing anti-money laundering registrations will not automatically convert. Regarding trading platform rules, the FCA requires UK-qualified crypto asset trading platforms to conduct due diligence, meet entry standards, and publish disclosure documents, while removing the previous exemption that allowed fungible crypto assets to be listed without disclosure documents. Market abuse rules cover insider trading and market manipulation.For stablecoins, the FCA has removed the obligation to forecast the redemption of reserve assets, allowed limited group internal custody arrangements, and reduced the K-SII capital ratio for stablecoin issuance from 2% to 1%. Crypto assets on qualified platforms will be subject to a unified 40% net risk exposure requirement and a 40% counterparty default volatility adjustment. FCA's Director of Payments and Digital Finance, David Geale, stated that the framework is an important milestone for crypto regulation in the UK, providing regulatory certainty while allowing businesses to maintain innovation space.

Liquid Capital founder Yi Lihua posted that the current Bitcoin trend represents the third wave of decline since the peak of 1011. According to volatility theory and cyclical patterns, this may be the final major drop.Yi Lihua pointed out that the main influencing factors for this round of decline include the performance of the U.S. stock market and Strategy, while closely monitoring the Federal Reserve's response to CPI data to see if it will change interest rate cut or hike expectations, which could trigger a continued pullback in the U.S. stock market. Additionally, black swan or explosive events often occur at the tail end of past bear markets, which have not yet appeared and still require ongoing observation.He believes that based on Bitcoin's peak of $126,000, a 60% drop would bring it down to about $51,000, and a 66% drop would bring it down to about $43,000. Regardless of where the final bottom lies, July and August may be the last bottoming area of this cycle and the most noteworthy time window for bottom fishing in the next three years.

According to Jinshi, the final value of the U.S. inflation rate expectations for June 5 to ten years is 3.3%, which is in line with expectations, and the previous value was 3.4%.

Cardano wallet service provider SecondFi released the latest update on the theft incident, stating that the team has completed the final balance snapshot of affected users' assets. Previously, multiple snapshots were continuously recorded during the incident response as a basis for subsequent asset recovery and verification.SecondFi stated that the engineering and security teams are advancing the asset recovery plan, with the expectation that asset returns could begin in about two weeks. One week will be used to reach a feasible technical solution, and one week will be used for testing and review, with specific timing potentially adjusted as progress is made. The platform will resume operations only after passing a comprehensive security review. Currently, users only need to submit support requests through the official website ticketing system, with no additional actions required.

According to Jinshi, the final value of the GDP price index for the United States in the first quarter is 3.6%, higher than the market expectation of 3.5% and the previous value of 3.5%.

According to Jinshi reports, the final annualized quarterly rate of the actual GDP in the United States for the first quarter is 2.1%, higher than the market expectation of 1.6% and the previous value of 1.6%.

THORChain released an event update stating that the network is entering the final stage of recovery. Currently, the integrity of each node's keyshare is being verified through the new KeyVerify protocol. This step is used to confirm that each vault is in a secure state before the churn begins. If the verification passes, the next major step will be the churn, where the network will transfer all funds to new vaults.THORChain indicated that the churn time is the current main variable, which may take anywhere from several hours to several days. After the churn is completed, subsequent steps are expected to progress quickly, including re-enabling Secured and Trade assets, LP operations, and finally restoring trading. This network recovery has taken longer than expected, as the team has consistently prioritized security and stability, and will continue to share more updates moving forward.

According to CoinDesk, Ethereum developers have entered the final development phase of the Glamsterdam upgrade, running a developer network (devnets) that includes all planned EIPs, which will then be deployed to the public testnet. Parithosh Jayanthi, a core developer at the Ethereum Foundation, stated that this is the final stage before codebase hardening and testnet launch, and although there is no fixed timeline, significant progress has been made. Glamsterdam is expected to launch on the mainnet in the second half of this year and is described as "the largest upgrade since the merge," which will change many assumptions about Ethereum and lay the groundwork for larger-scale expansions in the future.Key features include EIP-7732 (built-in proposer-builder separation), which incorporates a separation mechanism for block construction and proposal into the core protocol to reduce MEV manipulation opportunities; and EIP-7928 (block-level access lists), which allows blocks to declare in advance the accounts and contract data they will access, improving execution efficiency. Glamsterdam also includes a series of gas repricing that will significantly change the operational costs on Ethereum: high-computation operations will become cheaper, while state management costs will increase.

According to a report by Xinhua News Agency citing the Iranian Fars News Agency on the 14th, a source close to the Iranian negotiating team stated that Iran has not yet made a final decision regarding the memorandum of understanding with the United States.

Today, multiple popular sports events are taking place. In the World Cup group stage, Qatar drew 1-1 with Switzerland, Brazil drew 1-1 with Morocco, Scotland defeated Haiti 1-0, and Australia defeated Turkey 2-0. In the NBA Finals, the Knicks defeated the Spurs 94-90, winning the NBA Championship with a total score of 4-1.Data from OmenX, the native leverage prediction market, shows that as the World Cup group stage fully unfolds and the NBA Finals conclude, the trading activity in the OmenX sports prediction market continues to heat up. In the past 24 hours, the trading volume related to OmenX sports prediction markets reached over 6 million USD. Among them, the total trading volume for World Cup-related markets reached 80 million USD, while the total trading volume for NBA Finals-related markets reached 30 million USD.Recently, OmenX has launched a new sports page and introduced related prediction markets and themed activities around the World Cup events, supporting users in leveraged prediction trading regarding match results, championship titles, and popular sports events.

According to Xinhua News Agency, Iranian Foreign Ministry spokesman Baghaei stated on the 13th that any possible understanding reached between Iran and the United States is only to promote continued dialogue between the two sides, rather than a final agreement; the unfreezing of Iran's frozen assets will be an indispensable part of the Iran-U.S. understanding.Baghaei said during a meeting with media personnel that Iran's current focus is on ending hostilities on all fronts and regional tensions, and there will be no in-depth discussion of the details of the nuclear issue at this stage. He stated that the only way to achieve regional security is to end the presence of foreign military forces in the region.Baghaei emphasized that the issue of unfreezing Iranian assets is an important component of the understanding and will not be excluded. Current discussion topics also include eliminating U.S. hostile actions against Iranian vessels and issues related to the Strait of Hormuz.Baghaei said that Iran will act with the utmost caution while advancing negotiations and diplomatic processes, while remaining vigilant based on past experiences. If the other party refuses to fulfill its obligations, Iran can take countermeasures.

BIT released the latest weekly report "Will the FIFA World Cup Mark the End of the Bitcoin Bear Market?" The report believes that the current bear market trend of Bitcoin is largely consistent with its outlook for early February 2026. The previously predicted A-B-C correction structure has entered its final stage: after wave A falls to the range of $60,000 to $69,000, Bitcoin rebounds to the range of $80,000 to $90,000, peaking around $83,000 before the rebound momentum gradually weakens.BIT points out that the current Fear and Greed Index is approaching historically significant low levels, showing some similarity to the bottom structure of the 2022 bear market. It maintains the previous view that the summer trading lull during the 2026 World Cup may mark the final phase of this bear market for Bitcoin. The report states that it will focus on the key price range for the end of the bear market, the macro catalysts for the next bull market, and the trend reversal signals released by cyclical indicators. If the relevant framework holds, this market bottom may become one of the historically concentrated low point areas for Bitcoin, with relatively clear triggering conditions.

CryptoQuant analyst Axel Adler Jr stated that Bitcoin is once again testing a low point of around $62,000, while the current 7-day net realized losses have reached approximately $7 billion, higher than the levels during the low point in February this year, but still below the peak loss of about $14 billion during the winter market panic.Currently, the Bitcoin price has clearly fallen below the cost basis of short-term holders (STH) at around $76,000. If it continues to decline, the main support left is the average realized price across the network at about $54,000, as well as the cost basis of long-term holders (LTH) at around $49,000. These two areas corresponded to the full capitulation phase and the formation of the cycle bottom in historical cycles.However, as long as Bitcoin remains above $54,000, the market will not enter a full capitulation phase; if it falls below and continues to operate below the market low point from February this year, it may further test the final defense line near $54,000 in this round.

According to crypto journalist Eleanor Terrett, the final text of the compromise on Section 702 of the Foreign Intelligence Surveillance Act (FISA), proposed by Senate Intelligence Committee Chairman Tom Cotton, includes a Federal Reserve CBDC ban that was originally part of the housing bill. This text is expected to ultimately become law. Notably, the termination date of the ban has been moved up from December 31, 2030, to June 12, 2029.

According to Jinshi reports, U.S. President Trump stated on social media: "Iran must agree that they will never have nuclear weapons or nuclear bombs. The Strait of Hormuz must be opened immediately in both directions, with no tolls, allowing shipping traffic to pass unrestricted. All mines (bombs)------if any------will be cleared (we have previously utilized our excellent underwater mine-sweeping ships to clear a large number of such mines by detonation. Iran will be responsible for immediately clearing and/or detonating any remaining mines------there shouldn't be too many!).Those ships that have been stranded in the strait due to our astonishing and unprecedented naval blockade------given that the blockade has now been lifted------can begin to "set sail for home"! The concentrated materials that are buried deep underground------sometimes referred to as "nuclear dust"------are currently being pressed under a mountain that has nearly collapsed (this is due to the powerful B-2 bomber airstrikes we launched 11 months ago); these materials will be excavated by the United States and will be thoroughly destroyed in close coordination and cooperation with Iran and the International Atomic Energy Agency. Until further notice, there will be no financial transactions between the two parties.In addition, the two sides have reached a consensus on other issues that are far less important than the above matters. I am now heading to the "situation room" for a meeting to make the final decision." AXIOS reporters interpret that Trump hinted at an imminent approval of the Iran agreement.

Sei releases the next-generation protocol upgrade "Giga" roadmap, planning to significantly enhance transaction performance by restructuring the execution client, state management, and consensus mechanism. Core upgrades include: Ares execution client (optimizing performance through pipelined execution and asynchronous processing); Eidos state management (replacing the Merkle tree with a flat key-value store, separating hot data from cold archives); Autobahn consensus mechanism (targeting 200,000 TPS and 400 milliseconds finality, with the internal test network already achieving 5 Gigagas processing capability); Sedna private memory pool (introducing a cryptographic transaction propagation mechanism); and gradually phasing out Cosmos SDK and CosmWasm through SIP-3, transitioning to a pure EVM architecture.

According to Crypto.news, Grayscale has submitted its Form 8-A12B for the spot Hyperliquid ETF to the U.S. Securities and Exchange Commission (SEC), which is the final registration step before listing on Nasdaq, and trading is expected to begin within 1 to 4 days.In addition, the ETF code is GHYP, and it has been renamed from "Grayscale HYPE ETF" to "Grayscale Hyperliquid Staking ETF," which is suspected to include new features allowing for staking.