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According to two informed sources, Binance's license application submitted in Greece is expected to be rejected by regulators, which may result in the loss of its eligibility to provide services to customers across the European Union. Reports indicate that if the license application is ultimately denied, Binance's compliance strategy in the EU market will face significant challenges. However, as of now, the relevant decision has not been officially announced.

According to the Wall Street Journal, Forward Industries has confirmed that it submitted a non-binding acquisition proposal to the board of directors of Solana Company (HSDT), planning to merge the businesses through an all-stock transaction.The company stated that the proposal aims to promote business integration between the two parties and believes that initiating formal dialogue is in the common interest of both companies and their shareholders. However, the HSDT board voted on June 12 to reject the acquisition offer and stated that it would not engage in further discussions regarding the proposal. Forward Industries expressed "disappointment and surprise" at this decision and reiterated its hope that both parties could reopen communication.Analysts believe that this incident reflects the current divergence between Solana ecosystem-related companies regarding capital integration and independent development paths, and it remains to be seen whether there will be renegotiations or other capital actions in the future.

According to Reuters, the appeal request by former FTX CEO Sam Bankman-Fried to overturn his fraud conviction and 25-year prison sentence has been rejected. This result means that his previous fraud case conviction and sentence remain unchanged.

According to a report by Reuters, three sources revealed that the European Central Bank warned EU finance ministers on Friday that proposals to issue more euro stablecoins could reduce bank lending and make interest rate control more difficult. The Brussels-based economic think tank Bruegel prepared a report for the EU's top financial policymakers, calling for a relaxation of liquidity requirements for cryptocurrency issuers and possibly allowing them to access funding support from the European Central Bank. The aim is to develop the stablecoin market in Europe, which is currently dominated by dollar tokens.However, sources said that other central bank officials, including European Central Bank President Christine Lagarde, immediately opposed this. They are concerned that such measures would make bank deposits more unstable, weaken this sector that is crucial to the economy, and reduce the central bank's ability to regulate interest rates.

According to Cryptopolitan, the Finance Committee of the German Bundestag rejected a proposal by the Green Party to increase cryptocurrency taxes, which aimed to eliminate the tax exemption for selling cryptocurrencies held for more than a year. Currently, German law stipulates that profits from the sale of cryptocurrencies held for more than a year are exempt from capital gains tax. The Green Party believes this regulation is unreasonable and argues that crypto assets should be treated equally to other investments.However, critics point out that the proposal would impose a higher tax burden on crypto investors compared to regular stock investors. The Christian Democratic Union/Christian Social Union in the ruling coalition believes the proposal does not close loopholes and may instead create new ones. The Social Democratic Party prefers to wait for the finance minister to present their own plan. The Green Party estimates that eliminating the tax exemption could generate approximately 11.4 billion euros in additional tax revenue each year.

According to market news, eBay has rejected GameStop's acquisition offer of approximately $56 billion, stating that it is "neither credible nor attractive."Previously, on May 4, GameStop proactively proposed to acquire the online trading platform eBay for about $56 billion. GameStop's CEO Cohen stated that the company holds about 5% of eBay's shares and proposed to acquire it for $125 per share in cash and stock. If eBay does not accept this proposal, Cohen is prepared to initiate a proxy battle and submit the proposal directly to shareholders.

U.S. District Judge Lewis Kaplan denied former FTX CEO SBF's request for a rehearing and harshly criticized the so-called new evidence he presented as baseless and "conspiracy-laden." In a court order issued on Tuesday, the judge pointed out that SBF's claims that FTX was actually solvent, that the Department of Justice was concealing information, and that witnesses were afraid to testify due to government threats were completely contradictory to the record.SBF originally accused former FTX Digital Markets co-CEO Ryan Salame and former data science chief Daniel Chapsky of not appearing in court out of fear, but the judge emphasized that SBF could have summoned or compelled them to testify but took no action. In November 2023, SBF was found guilty on all seven counts of fraud by a New York jury and was subsequently sentenced to 25 years in prison. Last week, he voluntarily withdrew his motion for a new trial, stating that he could not obtain a "fair hearing" from Judge Kaplan, but the appeal is still ongoing.The judge also criticized SBF for creating public opinion through interviews, stating that the so-called new facts had already been raised multiple times. SBF had sought a pardon from Trump, but Trump has also made it clear that there are no such plans.

According to market news, Hyperliquid founder Jeffrey Yan received an investment intention based on a valuation of about $1 billion and a scale of about $100 million less than a year after the project went live. However, after careful consideration, he ultimately chose to reject the investment terms.Reports indicate that before and after the financing proposal was made, the team had been continuously using personal funds to maintain operations, consuming the founder's personal finances each month to cover project costs. During the investor's engagement, Jeff communicated with several entrepreneurs and VCs about the nature and significance of financing, but he was never convinced that external capital could enhance its intrinsic value. Ultimately, he clearly informed the team on Monday that he would reject the financing proposal.Relevant insiders described that the team members managing funds were shocked by this decision, as several preparations had already been made around the financing. Jeff's core reason was that Hyperliquid is not a traditional company but an on-chain protocol that needs to maintain neutrality. He believed that once external equity capital was introduced, it could undermine the protocol's permissionless and neutral positioning, conflicting with its long-term design goals.He had previously stated that if Bitcoin had accepted VC financing in its early days, its neutrality narrative might have been weakened. Following the same logic, he chose to continue maintaining Hyperliquid's investor-free structure and to support part of the operating expenses with personal funds in the long term. On January 28, 2024, he summarized the project's principles on social media: · No investors · No paid market makers · No fees charged to the development team (or the development team does not take fees) · No insiders (or internal privileged participants). This statement is also seen as a core footnote to Hyperliquid's extreme decentralization/decapitalization approach.

The U.S. Department of Justice (DOJ) has expressed clear opposition to the latest request by Tornado Cash co-founder Roman Storm to dismiss criminal charges, stating that the recent Supreme Court ruling is unrelated to this case and should not serve as a basis for dismissal.Storm's attorney previously informed the court that he intends to cite a new Supreme Court ruling (involving a civil case of copyright infringement) to support the motion to dismiss. However, U.S. prosecutors pointed out in a letter to the federal judge that the ruling addresses a situation and industry completely different from the current criminal charges and therefore should not affect the handling of this case.This legal battle reflects the contradictory stance of the Trump administration towards the cryptocurrency sector: on one hand, the U.S. government has shown a relatively supportive policy inclination towards cryptocurrency, while on the other hand, it still insists on pursuing criminal liability against certain cryptocurrency project developers. Given the current situation, Storm may still face a retrial, and the case is expected to enter the courtroom again.

Judge Lewis Kaplan of the Federal Court for the Southern District of New York ruled to deny the motion to dismiss filed by the defendants in the TradeAI/Stakx case, allowing the case to proceed.The case was brought by the cryptocurrency law firm Burwick Law, accusing multiple defendants of operating a fraudulent scheme resembling a Ponzi scheme using NFTs and cryptocurrency investment pools, promising high returns to investors. The estimated losses have exceeded $20 million, with a total scale of approximately $440 million involved. The court rejected all defense arguments from the defendants regarding jurisdiction, venue, and service of process.Regarding defendant Cyrus Abraham's refusal to respond to the lawsuit on the grounds of technical defects in the service of process, the judge clearly stated that litigation is not a game of hide and seek, requiring Abraham to disclose his current residential address to the plaintiff's law firm by March 31, or he would face a default judgment and further sanctions. The court also officially extended the deadline for service to April 22 and has allowed alternative methods of serving legal documents through Ethereum wallets, email, and social media.

According to market news, the Seoul Central District Court in South Korea rejected the temporary injunction application filed by the Flow Foundation and Dapper Labs against Upbit, Bithumb, and Coinone, which aimed to suspend the decision of the three exchanges to terminate support for FLOW trading.Previously, these three exchanges decided to terminate trading support for the Flow token due to the FLOW hacking incident that occurred in February. The court found that there was currently insufficient evidence to suspend the delisting decision, and the exchanges' judgment regarding unresolved risks was not obviously erroneous, emphasizing the need to protect potential investors. FLOW can still be traded on the South Korean crypto exchange Korbit, but it was delisted as scheduled by Upbit, Bithumb, and Coinone at 3 PM local time.

According to Bloomberg, U.S. prosecutors stated that FTX co-founder Sam Bankman-Fried's request for a retrial should be denied because he failed to prove that his conviction was unjust.SBF is serving a 25-year prison sentence after a jury found him guilty of fraud and conspiracy in connection with the collapse of the FTX cryptocurrency exchange in 2023.

The Chief Judge of the U.S. District Court for the Southern District of Ohio, Sarah D. Morrison, ruled that there is no historical evidence indicating that Congress intended for federal law to take precedence over state regulation of sports gambling, and thus denied the preliminary injunction request filed by the prediction market platform Kalshi.Kalshi had previously sued the Ohio Casino Control Commission in an attempt to prevent it from taking enforcement action against the platform's event contracts under state gambling laws. Last year, the regulatory agency accused Kalshi of operating illegal sports gambling in Ohio.Kalshi argued that the event contracts it offers are derivatives regulated under the Commodity Exchange Act and should fall under the jurisdiction of the CFTC, thereby asserting that federal regulation should take precedence over state gambling laws.However, the judge stated that there is no evidence from historical and legislative context to suggest that Congress intended for the law to supersede state sports gambling regulations, noting that when the Dodd-Frank Act amended relevant laws in 2010, sports gambling was still widely restricted in the U.S.Kalshi announced that it would appeal the ruling. The case is seen as an important test of the legal status of prediction markets, and its outcome could affect the future compliance prospects of other prediction platforms in the U.S., including Polymarket.

According to CoinDesk, the Polish Sejm has once again passed the "Cryptocurrency Market Bill," which was previously vetoed by President Karol Nawrocki, and sent it to the Senate for further review.The bill was approved on Thursday with 241 votes from lawmakers, and its content is identical to the version that was previously vetoed. The bill aims to align Polish law with the EU's "Regulation on Markets in Crypto-Assets" (MiCA), but critics argue that it exceeds EU standards and grants the Polish Financial Supervision Authority (KNF) overly broad enforcement powers, including website blocking and fines in the millions of zlotys.Nawrocki's reasons for vetoing the bill included vague legal provisions, excessive regulation, and high compliance costs, warning that the relevant clauses could harm small businesses and allow for "one-click" domain shutdowns. Despite facing opposition, Prime Minister Donald Tusk's government has made no modifications to resubmit the bill. After the Senate review, the bill may face another presidential veto.

Binance founder Zhao Changpeng stated, "Anyone claiming they can help you get listed on Binance (listing on Binance) is a scammer. If you see anyone (including so-called intermediaries, consultants, former employees, or current employees) making such claims, please be sure to report them. Relevant individuals will be blacklisted, and in some cases, may even be publicly disclosed.Recently, even a national president inquired whether I could assist with a listing, and I made it clear: I cannot help."

FTX creditor Arush disclosed on social media that there were three final bidders with financial strength for the FTX 2.0 reboot project, but they were ultimately rejected by the bankruptcy lawyers.Arush revealed that he was recruited by Arj to be responsible for the FTX 2.0 reboot bidding, and his consortium became one of the three final bidders. The three bidders were: Arj/Tribe in partnership with an undisclosed public exchange; Thomas Farley's Bullish; and Mike Cagney's Figure.According to him, each bidding proposal included significant equity components, which could have brought hundreds of billions of dollars in value to FTX creditors.

ChainCatcher news, the Rainbow Foundation has proposed to acquire the Clanker protocol and announced the token distribution plan: SCLANKER holders will receive 4% of the total supply of the new Rainbow token SRNBW (approximately 20% of the TGE circulation); all assets in the Clanker treasury will be airdropped to SCLANKER holders; LP fees generated by the Clanker protocol will be permanently allocated to SCLANKER holders.Rainbow promises to incorporate Clanker into its product ecosystem and provide SRNBW rewards for related transactions. Clanker responded that it informed Rainbow last week of its refusal to accept the acquisition, and there are differences in communication between the two parties.Clanker officially announced today that it has rejected Rainbow's acquisition proposal.

ChainCatcher news, the WeChat official account of the Wuxi Intermediate People's Court disclosed a case involving "virtual US dollars." The parties involved entrusted others to invest 84,350 yuan on a certain platform to exchange for 13,000 platform US dollars, but then the platform suddenly crashed, showing that it could only be converted to 0.1 yuan for withdrawal.Upon investigation, it was found that the virtual US dollars the parties entrusted others to exchange were from a certain platform, which was an investment decision made by themselves. Moreover, the account number and password of the platform account were controlled by them. In this case, the parties did not follow the regulations to complete the corresponding registration procedures when investing on the overseas platform. This investment behavior is not protected by Chinese law, and the corresponding investment risks are borne by themselves. The court dismissed the lawsuit.

ChainCatcher news, according to the Straits Times, Do Kwon, co-founder of the now-defunct blockchain company Terraform Labs, demanded about 50% of the purchase price for a top-floor apartment on Orchard Road in Singapore, but was rejected by the Singapore High Court.Five months before the collapse of his cryptocurrencies TerraUSD and Luna in 2022, Do Kwon had set his sights on the Sculptura Ardmore apartment valued at 38.8 million SGD. He selected a 7,600 square foot duplex four-bedroom penthouse located on the 19th floor of the project, one of only three penthouses in the development. Do Kwon paid approximately 19.4 million SGD in option fees and subsequent payments, nearly half of the purchase price. However, he ultimately failed to complete the purchase, and the apartment was eventually resold for 34.5 million SGD. Although it is claimed that the developer has confiscated the payments made by Do Kwon, he argued that the confiscation was invalid and entrusted his wife to file a lawsuit in the Singapore High Court. Do Kwon's application was rejected on July 26.