Former Prime Minister of Israel publicly admitted that he had secretly smuggled tens of thousands of SpaceX Starlink devices to Iran with the intention of overthrowing the regime.

According to documents SK Hynix filed with the U.S. Securities and Exchange Commission (SEC), Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase will serve as underwriters for its initial public offering (IPO). BlockBeats reported today that South Korean storage chip giant SK Hynix plans to raise up to 45 trillion won (approximately $29 billion) by issuing American Depositary Receipts (ADRs) in New York, with the transaction set to launch in July. If completed successfully, the financing scale will exceed Alibaba’s $25 billion 2014 IPO, making it one of the largest overseas equity financing projects in South Korean corporate history and approaching a global capital market record.

According to a diplomatic source familiar with the matter, Qatar’s prime minister launched relevant consultation processes in Muscat, Oman’s capital, on Wednesday to facilitate talks between Iran, Gulf Cooperation Council (GCC) member states, and Iraq on the reopening and future operational arrangements of the Strait of Hormuz. The source noted that while transit fees are not on the formal agenda, Iran is expected to propose plans including levying environmental, navigation, and security fees during negotiations. Gulf states, meanwhile, are anticipated to push for keeping the Strait of Hormuz free of transit fees to ensure unimpeded regional energy and trade transport.

South Korea has delayed the single-stock weekly option plan originally scheduled for June 29, which covers stocks including SK Hynix and Samsung Electronics. Single-stock weekly options are derivatives based on individual equities that expire weekly, designed to enhance market trading flexibility and risk management efficiency. This move further signals that after sharp stock market swings, regulators are concerned about market conditions. A Korea Exchange representative stated, "No decision has been made yet." Earlier, South Korea’s financial regulators expressed regret over the launch of single-stock leveraged ETFs last month, warning that their negative side effects have intensified.

On-chain data shows that as of now, the HIP-3 market has cumulatively generated $44 million in total revenue. Of this amount, $22 million has been distributed to HIP-3 developers, while the remaining $22 million is earmarked for HYPE token buybacks. HIP-3 is a market creation and incentive mechanism within the Hyperliquid ecosystem, allowing developers to create and operate trading markets and earn protocol revenue splits based on market performance. The disclosed data indicates that HIP-3 has become a key revenue source for the Hyperliquid ecosystem, while also continuously providing funding support for HYPE token repurchases.

Japanese financial group SBI Holdings has announced the official launch of the yen stablecoin JPYSC, with its first issuance completed on June 24. The stablecoin’s reserve asset management is handled by SBI Shinsei Trust Bank, while licensed cryptocurrency trading platform SBI VC Trade is responsible for its circulation and distribution. SBI noted that JPYSC is Japan’s first yen stablecoin with reserve assets managed by a trust bank, as well as the country’s first "electronic payment equivalent product" recognized under the Payment Services Act. Unlike Japan’s previously launched money transfer-type stablecoins, JPYSC is not subject to the 1 million yen cap on individual transactions or account balances. The firm expects JPYSC to attract both retail and institutional users via lower transaction costs and support for large-value transactions, serving as a yen base asset for on-chain foreign exchange markets, institutional lending, and settlements for RWA (real world asset) tokenization. Currently, JPYSC is only accessible to holders of SBI VC Trade accounts; its usage scope will be expanded after regulatory and tax frameworks are further clarified. SBI also plans to launch JPYSC lending services. In recent years, Japan has been pushing to integrate compliant stablecoins into the mainstream financial system. Following JPYC’s approval as Japan’s first legally recognized yen stablecoin in 2025, the country’s three major banks—MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank—are jointly advancing a stablecoin project, with plans to launch commercial transactions in fiscal 2026.

The National District Attorneys Association, National Association of Assistant U.S. Attorneys, International Association of Chiefs of Police, and National Sheriffs’ Association jointly sent a letter to the U.S. Department of Justice and White House on Tuesday, warning that Section 604 of the Digital Asset Market Structure Clarity Act has serious law enforcement loopholes that could make it difficult for authorities to investigate and prosecute crypto-related crimes. The letter notes that Section 604 contains broad exemption clauses that could allow individuals or entities facilitating crypto asset transfers to evade regulatory accountability, undermining long-standing investigative and law enforcement authorities. The four organizations emphasized their concerns are not targeted at developers who merely write or publish software code, but rather at broad exemptions that could shield illegal activities. The core of the controversy is Section 604, also known as the Blockchain Regulatory Certainty Act (BRCA) provision. Originally a standalone bill, it was later incorporated into the Clarity Act, designed to provide a safe harbor for non-custodial developers by clarifying they are not money transmitters. Law enforcement groups argue this would create barriers to crypto crime investigations. Additionally, the letter points out that multiple other provisions of the bill would "reduce transparency, weaken accountability mechanisms, and create gaps in anti-money laundering frameworks." On the same day, nearly 100 Catholic leaders representing parishes across the U.S. also warned the bill could undermine protections against human trafficking. In response, White House crypto advisor Patrick Witt maintained the Clarity Act is a "regulation-friendly and law enforcement-friendly" bill, stressing the U.S. must proactively set standards or risk adopting rules dictated by other countries.