Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

According to Bitget market data, US-listed crypto-related stocks were broadly down in pre-market trading, with: MSTR down 3.62%; COIN down 2.08%, CRCL down 1.04%; SBET down 1.83%; BMNR down 1.38%, and PURR down 1.24%.

After five years of development, Autheo officially launched its mainnet on June 30, rolling out a decentralized coordination layer designed to enable native interoperability between traditional web, blockchain networks, and AI agents. The project’s testnet has attracted over 1.81 million wallet addresses, roughly 970,000 smart contracts, and 8.8 million total transactions. Since the launch of mainnet phase 1 on May 12, wallet count has grown more than fivefold, while smart contracts have surged by over 15 times. Technically, Autheo integrates W3C-compliant decentralized identity solution TheoID, PQCNet communication security framework built on NIST post-quantum cryptography standards (ML-KEM, ML-DSA, SLH-DSA), a Cosmos SDK zero layer with native IBC interoperability, and an EVM-compatible layer-1 execution environment. It uses a proof-of-stake mechanism, with block finality guaranteed by CometBFT. Developers can natively deploy Solidity smart contracts or migrate existing applications from other EVM-compatible chains. Founded in July 2021 by Scott Bayless and Todd Mortenson, the project has a team of around 100 members across 25 countries, and has completed security audits by Halborn and CertiK. Its native token, THEO, is expected to start trading on Hydrex.fi in early July, with additional exchanges set to follow.

Iranian Foreign Ministry spokesman Bahaei said the Strait of Hormuz does not need external intervention, as such intervention will only complicate matters. Talks with mediator Qatar on implementing the temporary Iran-US deal may be held in Doha on Wednesday, covering the release of frozen assets, a process that is currently underway.

Argot Collective and the Ethereum Foundation (EF) announced they have completed the final phase of their initial five-year funding commitment. Approximately 4,938 stETH will be transferred to a multisig wallet, with funds unlocking in two tranches on July 1, 2026, and July 1, 2027 respectively. The first three years of funding were fully disbursed last year; the remaining two years were delayed due to pending finalization of terms and governance arrangements, but have now been fully settled. The funds are held in a 2-of-3 multisig wallet comprising Argot, the newly established "Fail-Safe Committee", and the Ethereum Foundation. The committee serves as an independent arbiter, safeguarding Argot’s independence during disputes and providing specialized expertise in programming languages and compilers. Argot Collective noted that while the agreement delivers substantial operational security for the organization, broader challenges persist: the Ethereum Foundation has limited funding, and public infrastructure supporting DeFi, staking, and core protocols cannot rely on a single funder long-term. The organization added it will continue to publish transparency reports and roadmap updates every six months.

After failing to pressure the Federal Reserve, Trump has shifted his inflation fight to gasoline retailers. In a post on Truth Social, he stated that crude oil prices have fallen to $68 per barrel and continue to decline, demanding gas stations cut prices immediately, bluntly warning that "big problems await" if they do not, and even calling for gasoline prices to be pushed down to $2.5 per gallon. According to AAA data, the current average price of regular gasoline is $3.85 per gallon, down from $4.36 a month ago, but still higher than $3.19 at the same time last year. Data shows that as of May, U.S. inflation stood at 4.2%, well above the Federal Reserve’s 2% target. Gasoline prices have risen 40.5% over the past 12 months, while fuel prices are up 58.9%, mainly due to the temporary disruption of Middle East oil supply routes caused by conflicts involving the U.S., Israel, and Iran. Previously, Trump had repeatedly pressured former Federal Reserve Chair Jerome Powell and board member Lisa Cook to push for interest rate cuts, but new Chair Walsh did not cut rates at his first policy meeting. Notably, the Supreme Court ruled 5-4 on Monday that Trump’s earlier attempt to remove Cook was unlawful for failing to follow due process, further reinforcing the Federal Reserve’s independence and viewed as another setback to the White House’s efforts to interfere with market prices.

The Trump administration has proposed an unprecedented $1.5 trillion defense budget request, while advancing procurement system reforms that emphasize speed and efficiency, due to U.S. arms stockpiles being depleted by multiple wars. This trend is sparking a new round of competition among states for defense manufacturing investment and job opportunities. Castelion, a startup founded by three former SpaceX employees, is applying SpaceX’s business model to the hypersonic missile sector. The company has signed contracts with various military services, committing to deliver at least 500 missiles annually under a fixed-price contract model—shifting cost risks from the government to contractors, a departure from the traditional cost-plus model. To date, the firm has raised over $550 million in private capital. After a year of site selection, Castelion ultimately chose Sandoval County, New Mexico, to build a 1,000-acre manufacturing campus with a total project investment of $220 million, expected to create 300 high-paying jobs and generate $650 million in economic benefits over a decade. The state stood out for its abundant land resources, talent pools from Sandia and Los Alamos National Laboratories, and efficient bipartisan government coordination mechanisms. The company noted that just six months after groundbreaking, 15 of the campus’s 21 buildings are already under construction.