AICoin Daily Report (June 10)

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7 hours ago

1. SEC Chair Says Self-Custody of Cryptocurrency is a Fundamental American Value

2. Tether Issues 1 Billion USDT on TRX Chain

According to data provided by OKX Explorer, on June 9 at 17:21 (UTC+8), Tether issued 1 billion USDT on the TRX chain, transaction hash: f1f60fdc00e19ab716e9d1ce7a46a7776d2b339f948222e8955aff2d18769b60. For more details: https://web3.okx.com/explorer/trx/tx/f1f60fdc00e19ab716e9d1ce7a46a7776d2b339f948222e8955aff2d18769b60. Note: The above data is sourced from OKX Explorer. -Original

3. Whale Opens $84.53 Million BTC Long Position with 20x Leverage

A whale is building a long position in BTC, using $10 million USDC as margin, opening a long position worth approximately $84.53 million in BTC with 20x leverage within an hour. The whale withdrew $10 million USDC from Bybit in the last hour and transferred it to Hyperliquid, and its position is still increasing, with an opening price of $106,767 and a liquidation price of $95,343. -Original

4. Australia Dismantles Cryptocurrency Money Laundering Network Involving $190 Million

Australian law enforcement agencies have dismantled an organization suspected of sophisticated money laundering operations in Queensland after an 18-month multi-agency investigation, with four individuals charged. The organization is accused of secretly transporting cash nationwide and laundering millions of dollars in criminal proceeds. A 32-year-old man from Heathwood, Brisbane, is charged as a key client of the money laundering network, having laundered approximately $9.5 million over 15 months. He was charged with money laundering and refusing to provide his phone password on June 5 (Thursday) and has been remanded, expected to appear in Brisbane Magistrates Court today (June 9). As early as December 2023, QJOCTF began investigating suspicious financial transactions and ultimately linked the man to a large company that accepted multiple suspicious third-party transfers. Investigators traced the flow of funds and found he was a client of a high-level money laundering network operated by a security company on the Gold Coast. This security company converted up to $190 million in cash into cryptocurrency through its armored cash transport department. The investigation into the source of this $190 million in cash is ongoing. The Gold Coast-based security company utilized a complex network of bank accounts, businesses, couriers, and cryptocurrency accounts to launder millions of dollars in illegal funds over 18 months. -Original

5. BlackRock ETF Trading Volume Set to Surpass State Street, Market Share Continues to Expand

According to Bloomberg senior ETF analyst Eric Balchunas, the total trading volume of BlackRock ETFs is about to surpass that of State Street, becoming the leader in total ETF trading volume, marking a significant disruption as State Street has held the top position since day one in 1993. Ironically, at the same time, BlackRock is about to be surpassed by Vanguard in terms of asset size. -Original

6. U.S. Department of Justice Charges Crypto Entrepreneur with Laundering $500 Million and Assisting Russia in Acquiring Sensitive Technology

Odaily Planet Daily reports that U.S. prosecutors have charged Iurii Gugnin, founder of cryptocurrency payment company Evita, with evading sanctions and violating export control laws, accusing him of laundering over $500 million and assisting Russia in acquiring sensitive technology. Court documents released by the Brooklyn Federal Court show that Gugnin was charged on Monday with telecommunications and bank fraud, money laundering, and other offenses. The Department of Justice stated he was arrested in New York and brought to court. Prosecutors allege Gugnin used his company to pay for sensitive electronic products for overseas clients, including U.S.-designed servers subject to export controls, and laundered money to procure components for Russia's State Atomic Energy Corporation (Rosatom). -Original

7. MicroStrategy Acquires 1,045 BTC, Total Value Exceeds $100 Million

Odaily Planet Daily reports that MicroStrategy purchased 1,045 bitcoins between June 2 and June 8, at an average price of $105,426. -Original

8. Circle's Market Cap Reaches 50% of USDC Circulation

According to BitMEX Research, Circle's market cap has now reached 50% of the circulation of its issued stablecoin USDC. -Original

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

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