Tron will seek to go public in the United States, and the Trump Organization has launched the Trump phone.

Headlines

▌****Financial Times: Sun Yuchen's blockchain Tron seeks to go public in the United States

According to the Financial Times, after U.S. regulators suspended their investigation, Sun Yuchen's blockchain Tron will seek to go public in the United States. According to two people familiar with the matter, Tron will go public through a reverse merger with Nasdaq-listed SRM Entertainment, a deal orchestrated by Dominari Securities, a boutique investment bank based in New York that has ties to Donald Trump Jr. and Eric Trump. One source said the newly formed joint venture will buy and hold TRX, emulating the strategy of Strategy (formerly MicroStrategy). The source added that Eric Trump is expected to serve in the newly named Tron Inc. The deal will involve Tron injecting up to $210 million in token assets into the new company.

▌Trump Organization: Launching Trump Phone with "Made in America" phones and services

The Trump Organization has announced the launch of the Trump Phone, which will feature "Made in America" phones and services. The organization stated that the Trump Phone will offer a variety of product services, including unlimited texting services, roadside assistance, and more.

Market

As of the time of writing, according to data from CoinGecko:

The price of BTC is $107,306, with a 24-hour change of +1.6%;

The price of ETH is $2,572.56, with a 24-hour change of +0.8%;

The price of BNB is $652.62, with a 24-hour change of +0.7%;

The price of SOL is $152.21, with a 24-hour change of -0.4%;

The price of DOGE is $0.1747, with a 24-hour change of -0.7%;

The price of XRP is $2.27, with a 24-hour change of +4.7%.

The price of TRX is $0.276, with a 24-hour change of +0.8%.

Policy

▌Trump plans to throw Iran a "last chance" proposal, insisting on a zero uranium enrichment red line

According to the Jerusalem Post, US and European officials revealed on Monday that President Trump is expected to present Iran with a "final opportunity" plan. One official added that the new plan may be slightly improved compared to the version submitted to Iran ten days ago. However, it is expected that even with the new proposal, it will still be based on the US's "zero uranium enrichment" principle. On Sunday, media reports indicated that Iran has sought mediation with the Trump administration through Oman and Qatar in an attempt to stop Israeli attacks and restore nuclear negotiations. Saudi Arabia is also pushing for a ceasefire through another channel behind the scenes. Trump confirmed earlier on Monday that Iran had contacted the US requesting to stop Israeli airstrikes. "Iran does not seem to have won this war; they must negotiate sooner rather than later," Trump stated in Canada.

▌****Revised version of the Republican tax reduction bill in the U.S. Senate: Proposed to raise the debt ceiling by $5 trillion

Republican senators in the United States unveiled revised tax and healthcare provisions in Trump's multi-trillion dollar economic plan on Tuesday. The new version of the bill expands certain tax benefits while raising the debt ceiling by $5 trillion, an increase from the $4 trillion in the House-passed version. This version largely follows the framework of the House bill, as Senate Republican leaders attempt to avoid lengthy negotiations over the substance of the bill—if the Treasury cannot continue to take extraordinary debt limit measures by mid-August, the U.S. may face the risk of debt default. Notably absent from the draft is an agreement on state and local tax (SALT) deductions. The bill temporarily retains the current $10,000 SALT deduction cap as a transitional provision, with legislators still negotiating this politically significant tax reduction policy. This legislation largely continues Trump's 2017 tax cuts for families and small businesses, which are set to expire at the end of 2025. The bill also includes a series of new tax cuts, including the elimination of the tip and overtime tax that the president promised during the campaign.

▌The US and UK Reach a Trade Agreement on Tariff Reductions: Key Industries Benefit, But Steel Tariffs Remain Unchanged

UK Prime Minister Starmer and US President Trump signed a document at the G7 summit in Canada, agreeing to advance trade facilitation measures for automobiles, agricultural products, and aerospace products. The agreement will implement the trade terms disclosed last month – reducing US tariffs on key UK export products while increasing UK import quotas for US agricultural products. However, the steel tariffs, which are a core demand of the UK, have not yet been granted an immediate reduction. Trump told reporters, "The negotiations are over, and we have reached a trade agreement." Starmer stated, "This important agreement on automotive tariffs and aerospace represents a milestone." The two sides did not disclose further details or the effective date of the new tariffs. This is the first formal trade agreement reached since Trump announced tariffs on multiple countries.

▌Japanese Prime Minister Shigeru Ishiba and U.S. President Trump did not reach an agreement on the tariff deal

According to Fuji TV: Japanese Prime Minister Shigeru Ishiba and U.S. President Trump have not reached an agreement on the tariff deal, and both sides confirmed that they will continue tariff negotiations.

Blockchain Applications

▌****JPMorgan applies for cryptocurrency trademark "JPMD" for trading and payment services

JPMorgan has applied for the cryptocurrency trademark "JPMD" for trading and payment services. The company has recently begun to adjust its attitude towards cryptocurrencies, providing its clients with a way to purchase Bitcoin. Currently, JPMorgan is seeking to obtain the trademark to establish its own cryptocurrency trading services. There are rumors that JPMD is a new dollar-backed stablecoin that is currently in development.

▌Former TON Foundation Executives Launch Cryptocurrency Investment App on Telegram

The former executives of the ON Foundation are launching a cryptocurrency investment application called Affluent on Telegram, featuring yield and lending. Affluent is a currency market protocol based on the Telegram-linked TON, which announced its full launch on Monday. Affluent was co-founded by former TON Foundation director Justin Hyun and aims to introduce trustless crypto asset management to Telegram, allowing users to benefit from decentralized finance (DeFi) lending and yields without the associated complexities.

▌****GF Token, a quasi-money fund token, will be launched by GF Securities (Hong Kong)

According to materials circulated in the community, GF Securities (Hong Kong) plans to launch a currency fund token product called GF Token. This product is denominated in US dollars, with a subscription minimum of 100,000 USD, and its daily yield is linked to the interbank market benchmark interest rate (SOFR) (annualized rate of 4.3% based on the SOFR as of June 12, 2025, assuming no interest rate changes during the holding period), supporting daily subscription and redemption with T+0 settlement. GF Token is issued through the HashKey Chain blockchain and registered on-chain, or it is only available to qualified institutional investors.

Cryptocurrency

▌****Strategy acquired 10,100 BTC for approximately $1.05 billion last week

Strategy acquired 10,100 BTC for approximately $1.05 billion between June 9 and June 15, with each Bitcoin priced at about $104,080, achieving a BTC return of 19.1% year-to-date as of 2025. As of June 15, 2025, Strategy holds 592,100 BTC, acquired for approximately $41.84 billion, with each Bitcoin priced at about $70,666.

▌****Metaplanet's Bitcoin holdings market value surpasses 1 billion USD

Simon Gerovich, CEO of the Japanese listed company Metaplanet, posted on the X platform stating that after increasing their holdings by 1,112 BTC, the latest data from Mempool shows that the market value of Metaplanet's Bitcoin holdings has surpassed 1 billion USD, currently reaching 1,075,820,474 USD.

▌Davis Commodities launches a $30 million strategic growth plan, with 40% invested in Bitcoin reserves

NASDAQ-listed company Davis Commodities has launched a $30 million strategic growth plan, with the company planning to allocate 40% ($12 million) in phases to Bitcoin reserves, with the first phase investing approximately 15% of the funds ($4.5 million) into Bitcoin reserves. Additionally, 50% of the funds ($15 million) will be invested in pioneering RWA tokenization projects, while the remaining 10% ($3 million) will be used to build advanced technological infrastructure, implement robust security measures, and establish strategic partnerships.

▌The U.S. SEC Confirms Receipt of Truth Social's Spot Bitcoin ETF Filing

The U.S. Securities and Exchange Commission (SEC) has confirmed receipt of the filing documents for the Truth Social spot Bitcoin ETF.

▌Coinshares submits S-1 form for spot Solana ETF

According to Eric Balchunas, a senior ETF analyst at Bloomberg, CoinShares has submitted the S-1 form for a spot Solana ETF to the U.S. Securities and Exchange Commission (SEC) this morning. He stated that CoinShares should be the eighth institution to submit a Solana ETF.

▌Purpose XRP ETF approved to be listed on the Toronto Stock Exchange on June 18

Purpose Investments Inc.'s Purpose XRP ETF has received approval from the Ontario Securities Commission (OSC) for the receipt of the Purpose XRP ETF prospectus, and the ETF is expected to begin trading on the Toronto Stock Exchange on June 18 under the ticker symbol XRPP. This ETF provides an opportunity for direct exposure to spot XRP.

▌CoinShares: Last week, net inflows into digital asset investment products totaled $1.9 billion

CoinShares released its latest weekly report showing that last week, digital asset investment products saw an inflow of $1.9 billion, marking the 9th consecutive week of inflows, with a total of $13.2 billion year-to-date, setting a new historical high. After experiencing a slight outflow of funds for two weeks, Bitcoin rebounded strongly with an inflow of $1.3 billion. Short-term Bitcoin products also recorded a small inflow of $3.7 million, but the total assets under management (AuM) remain at a low of $9.6 million. Ethereum saw an inflow of $583 million last week, reaching the highest level since February and setting the strongest single-day inflow during the same period. The latest round of inflows brought Ethereum's cumulative inflow to $2 billion, accounting for 14% of its assets under management (AuM). After three consecutive weeks of outflows, XRP saw an inflow of $11.8 million, while Sui saw an inflow of $3.5 million.

▌Circle rose nearly 21%, continuing to set a new historical high

The first stock of stablecoin Circle has seen its gains in the US stock market expand, currently soaring nearly 21%, continuing to set a historical high, with a cumulative increase of over 420% since its listing. Circle's stock price has surpassed $160, with a total market capitalization exceeding $35 billion.

Important Economic Dynamics

▌****The US Dollar Index fell by 0.19% on the 16th

The US dollar index fell by 0.19% on the 16th, closing at 97.998 in the foreign exchange market.

▌The probability of the Federal Reserve keeping interest rates unchanged this week is 99.8%

According to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in June is 99.8%, and the probability of a 25 basis point rate cut is 0.2%. The probability of the Federal Reserve keeping interest rates unchanged in July is 87.5%, with a cumulative probability of a 25 basis point rate cut at 12.5%, and a cumulative probability of a 50 basis point rate cut at 0%.

Golden Encyclopedia

▌How do 10-year U.S. Treasury yields affect cryptocurrency?

Cryptocurrency yields and stablecoins are part of the broader financial world, and the yield on 10-year Treasury bonds can influence investor behavior, which in turn impacts the cryptocurrency market. The US dollar is the world's reserve currency, and US Treasuries are a global safe haven; changes in the yield of 10-year US Treasuries can trigger shocks worldwide. For cryptocurrency investors, this global impact sets the backdrop. An increase in the yield on 10-year Treasury bonds may signal that cryptocurrency prices and yields will face a harsher market environment, especially in times of global market turmoil. Conversely, low yields tend to stimulate risk appetite, thereby boosting speculative assets like cryptocurrencies.