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.

On June 13, Iranian Foreign Minister Araghchi announced that Iran and Oman will release a joint statement regarding the Strait of Hormuz. (FXStreet)

On June 13, the Financial Times reported that a U.S. investment group is capitalizing on the window of opportunity opened by former President Trump’s earlier bid to oust Maduro to compete for control of Venezuela’s underutilized oil fields. Miami-based hedge fund Lionheart Capital has taken the lead, signing a letter of intent to merge its publicly traded shell company, Lionheart Holdings, with Keo Energy— which holds oil field assets in Venezuela. Sources familiar with the matter said the merger would create the first Venezuela-focused oil company listed on the Nasdaq, offering a direct investment channel for U.S. and institutional investors. The report notes that Lionheart plans to take the combined oil firm public at a valuation of roughly $1 billion. Lionheart Holdings raised $230 million in capital back in 2024. Sources added that negotiations remain in early stages and have not been finalized, so the deal could still fall through. Lionheart Holdings plans to hold a shareholder

June 13 – Self-proclaimed "White-Haired Stock God" Serenity stated on social media that South Korean semiconductor materials firm Foosung, with an approximate market cap of $13.44 billion, may enter a key revaluation window. The trigger for this view is disruptions to Japan’s tungsten hexafluoride (WF?) supply chain—a critical precursor used in semiconductor etching and deposition, essential for global wafer manufacturing. Serenity noted that continued tightening of WF? supply could directly impact around 25% of the world’s key production capacity, hitting major wafer fabs including SK Hynix, Samsung Electronics, and TSMC. He compared this potential crunch to a "Hormuz-like supply bottleneck," referencing the strategic chokepoint that controls a large share of global energy trade. Current data puts Foosung’s global WF? supply share at roughly 10%, but its strategic significance could rise sharply amid supply contraction or restructuring. Serenity clarified his viewpoint is purely mar

June 13 — Reuters: Polish President Karol Nawrocki has vetoed a cryptocurrency regulation bill for the third time, saying the legislation does not include most changes his office proposed, per a statement he released. Poland’s parliament passed the crypto industry rules in May. The bill has gained major attention recently amid fallout from the collapse of Poland’s largest crypto exchange and growing debate over how strictly the sector should be regulated. The measure is designed to implement the European Union’s Markets in Crypto-Assets (MiCA) framework, and Poland must wrap up the relevant legislative approval by July. Nawrocki had already vetoed two earlier versions of the bill. He supports crypto regulation and consumer protection, but criticized Poland’s government for brushing off most of his office’s amendments during the legislative process. “Supporting regulation of this market and protecting consumers is the right move — but it has to be done effectively,” he said. He

**Stader Labs Discontinuing MaticX Operations, Unveils Redemption Timeline** June 13 — Liquidity staking protocol Stader Labs has officially announced it’s winding down MaticX. Starting today, MaticX will stop accepting new deposits and enter a “claim-only” state. Users can still redeem their MATIC holdings through the existing interface for now. The official MaticX DApp will be permanently taken offline on August 3, 2026. After that date, users won’t be able to use the web frontend and must complete all redemptions directly via Etherscan through Ethereum’s smart contract. A MaticX staking contract upgrade is scheduled for June 12–19, 2026. Around June 19, the exchange rate between MaticX and MATIC will lock in permanently — this will serve as the final settlement rate for all future redemption requests. Users who’ve already redeemed assets before this change won’t face any disruptions. Unredeemed users can keep claiming via the existing DApp or Etherscan, while redemption req

June 13th – Per Ember Monitor, the SIREN whale has sold approximately 118 million SIREN tokens in exchange for 18 million USDT starting from 10:00 AM today, triggering a sharp price plunge for SIREN. Bitget market data shows SIREN is currently trading at $0.132, with a 73.39% decrease over the past 24 hours.