AiCoin Daily Report (June 18)

1. Trump threatens to assassinate Iran's supreme leader, the crypto market in the US reacts strongly.

The President of the United States calls for Iran to surrender unconditionally. -Original text

2. Brazil passes preliminary review of the Bitcoin Reserve Bill, potentially becoming the second country to establish a sovereign BTC reserve.

According to Bitcoin News, Brazil's Bitcoin Reserve Bill "4501/2023" has passed the first committee review. The bill proposes to establish a "sovereign strategic Bitcoin reserve," allocating up to 5% of foreign exchange reserves to Bitcoin. Once implemented, Brazil will become the second Latin American country to establish a legal BTC reserve after El Salvador. Brazil's Vice President Chief of Staff, Pedro Giocondo Guara, stated in March that the "strategic sovereign Bitcoin reserve" is crucial for the country's prosperity and is a matter of public interest, referring to Bitcoin as the "gold of the internet." - Original text

3. AgriFORCE launches natural gas-powered Bitcoin mining, plans to expand to 1 EH/s

AgriFORCE is putting idle natural gas into online encryption mining and computing through its new site in Alberta.

4. The amount of Ethereum staked has surpassed 35 million coins, setting a new historical record.

CryptoQuant analyst Onchain School stated, "Ethereum staking volume exceeds 35 million coins, reaching an all-time high. Meanwhile, the 'accumulated addresses' (i.e., addresses that have never recorded a sale) have also reached a historical peak, currently holding 22.8 million ETH." - Original text

5. JPMorgan met with the SEC to discuss the impact of the capital market's shift to blockchain.

6. The Treasury Secretary stated that stablecoins could reduce the cost of U.S. debt and promote the development of its ecosystem.

Finance Minister Bencet stated that encryption stablecoins can reduce government borrowing costs and decrease national debt. "A thriving stablecoin ecosystem will drive private sector demand for U.S. Treasury bonds, which are the backing for stablecoins. This new demand may lower government borrowing costs and help control national debt." -Original text

7. South Korean lawmakers plan to propose a regulatory bill for stablecoins, expanding the regulatory scope to overseas issuance.

The member of the Korean Democratic Party, Park Hyun-young, will propose the "Digital Asset Market Innovation and Development Act" in July. Recently, Democratic Party member Min Byeong-deok proposed the "Basic Law on Digital Assets," and compared to Min's previous proposal, Park's proposal further improves the regulatory framework for stablecoins. According to the bill, the issuance of stablecoins must have at least 1 billion won in own capital, meet 12 requirements, and obtain approval from the financial authorities. Another difference between this bill and Min's is that it expands the regulatory scope to include stablecoins issued overseas. Min's bill only regulates domestically issued digital assets. Once the review group of the government committee is established and formally enters the legislative process, this bill may be merged with the bill proposed by Min.

8. Namada has completed its mainnet launch and introduced privacy as a service feature.

Based on Cosmos, Namada has completed the final phase of its mainnet launch, introducing a system designed to bring "privacy as a service" to decentralized applications, assets, and blockchains. The completion of the mainnet coincides with Namada's free market token issuance, giving its native token NAM liquidity, with trading set to begin this week. The core of the Namada product is its "multi-asset shielded pool," which allows users to hide their asset holdings in decentralized exchange liquidity pools. This feature aims to enable privacy-preserving transactions across blockchains by allowing users to selectively disclose transaction details. The network is preparing for multiple integrations, currently planning to support Bitcoin through Lombard and Babylon and to support Ethereum and Solana through cross-chain bridges, perform shielded swaps on Osmosis, and be compatible with stablecoins and DeFi tokens.

The above is a selection of hot topics in the past 24 hours. For faster news, please download AiCoin ().