Weekly Preview | Federal Reserve Chairman Waller will hold his first monetary policy press conference; LayerZero (ZRO) will unlock tokens worth approximately 23.2 million dollars.

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News Preview:

  • Kelp announces that starting June 15, 20 chains will no longer support rsETH cross-chain bridging;
  • FTX announces that the expected registration date for the next round of compensation is set for June 16;
  • BitMine perpetual preferred stock BMNP is set to be listed on the New York Stock Exchange on June 16;
  • At 2 AM on June 18, the Federal Reserve FOMC will announce the interest rate decision and economic outlook summary, with Waller holding the first monetary policy press conference;
  • LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on June 20, with a ratio to circulating supply of approximately 4.83%, valued at about 23.2 million USD.

June 15

Exchanges:

Huasheng Securities will clear its mainland business, suspending new openings and transfer of funds and securities starting June 15

According to Caixin, Huasheng Securities issued a notice to clients stating that from June 15, Beijing time, the firm would adjust services for existing investor accounts in mainland China: first, in terms of trading services in mainland China: all types of new positions and increasing positions will be suspended, with only selling and closing operations supported; second, in terms of fund transfer services in mainland China: transfer of funds and securities will be suspended, while the transfer out function will remain normal. The notice indicates that this adjustment is to comply with regulatory requirements during the two-year concentrated rectification period in the industry, promoting the standardized development of cross-border securities business, and emphasizes that this adjustment does not affect service provision for existing investors abroad nor the security of all clients' existing assets, which can still be normally queried, held, and sold. This also implies that, apart from the three brokerage firms directly "named" by the China Securities Regulatory Commission on May 22 (Futu, Tiger Brokers, Chuangqiao), some smaller brokerage firms will also commence rectification of existing illegal businesses.

Binance will upgrade coin-margined futures on June 15, synchronizing the position mode settings for USD-margined and coin-margined futures

Binance announced that coin-margined futures will undergo an upgrade at 11:00 AM on June 15, 2026. This upgrade will synchronize the position mode settings for USD-margined and coin-margined futures. If users set different position modes in USD-margined and coin-margined futures, the position mode settings in coin-margined futures will automatically adjust to remain consistent with those in USD-margined futures. For instance, if a user sets "Hedge Mode" in USD-margined futures and "One-way Mode" in coin-margined futures, after the upgrade is completed, both USD-margined and coin-margined futures will be set to "Hedge Mode".

Upbit will delist the NKN (NKN) trading pair on June 15

Upbit will end trading support for NKN (NKN) at 14:00 on June 15, with the affected trading pair being NKN/BTC. Users must complete withdrawals by July 16; otherwise, related assets will not be processed.

Project Updates:

Swellchain will cease operations on June 15; users need to withdraw wstETH assets in advance

Lido announced on platform X that with Swellchain about to cease operations, users need to complete on-chain wstETH withdrawal operations before June 15, 2026. After this date, Swellchain will permanently shut down, and any remaining wstETH assets on-chain may not be recoverable. Lido urges users to complete asset migration as soon as possible to avoid potential losses.

Toncoin token will officially be renamed Gram on June 15

According to the official announcement from TON, The Open Network community has voted with 81.22% approval to rename the native token from Toncoin to Gram, changing the symbol from TON to GRAM, effective from 8:00 PM on June 15 (UTC+8). The chain name will remain TON, and token contracts, balances, addresses, NFTs, Jettons, staking, and DeFi positions will remain unchanged; only the name, symbol, and logo will be updated. The official emphasizes that this is a demonstration layer renaming, with no exchange, migration, or claiming processes; any platforms asking users to "exchange TON for GRAM" or "claim GRAM" are scams. Wallets, browsers, and exchanges are required to complete renaming of the frontend and trading pairs around June 15, achieving consistent display before June 22.

Kelp: Starting June 15, 20 chains will no longer support rsETH cross-chain bridging

Kelp stated on platform X that to ensure the highest security standards for rsETH, it will merge the supported networks based on usage and integration levels. Starting June 15, the following chains will no longer support rsETH cross-chain bridging: Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, Movement. Users holding rsETH on these chains need to bridge it back to the Ethereum mainnet before June 15; otherwise, each address may incur a fee of 100 USDC for recovery after the deadline.

The NFT creator-oriented chain RARI Chain will cease operations; users must transfer assets back to the Ethereum mainnet by June 15

The NFT creator-oriented chain RARI Chain will gradually cease operations. Users with assets remaining on RARI Chain should transfer their assets back to the Ethereum mainnet by June 15, Beijing time. The official stated that this transition will allow RARI to direct more resources to empower creators while eliminating fragmentation and simplifying participation in RARI governance.

June 16

Exchanges:

BitMine perpetual preferred stock BMNP is set to be listed on June 16, with an annual dividend yield of 9.5%

BitMine's Class A perpetual preferred stock (trading code: BMNP) has been approved for listing on the New York Stock Exchange, expected to begin trading on June 16, with an annual dividend yield of 9.50%. The initial cash dividend will be $0.316667 per share, payable on June 22 to shareholders registered as of the close on June 12; subsequent weekly dividends will be $0.105556 per share, payable on June 26 to shareholders registered as of the close on June 16.

FTX announces the next round of compensation registration date as June 16, with payments starting on July 31

FTX announced that the expected registration date for the next round of compensation is set for June 16, 2026, aimed at users holding approved FTX claims and equity. The next round of payments is expected to start on July 31, 2026. The next payment for preferred shareholders will also be made on the same day, with the registration date being June 16. Approved NFT customer equity claim holders can start the NFT allocation process on June 30, 2026. FTX also submitted a modification notice proposing to reduce the reserve for disputed claims by approximately $600 million. Once approved by the court, the released cash will be used for the next distribution.

Token Unlocking:

Arbitrum (ARB) will unlock approximately 9.265 million tokens at 9 PM Beijing time on June 16, with a ratio to circulating supply of approximately 1.68%, valued at about 7.8 million USD.

June 17

Exchanges:

Coinbase will host a live online event for system upgrades on June 17

Coinbase announced that it will hold a live online event titled "Coinbase System Update: Take Control" at 3 PM on June 16 (3 AM Beijing time on June 17), during which Coinbase Payments will demonstrate the practical operation of its payment infrastructure.

DAT:

Capital B opens online voting for the June 17 shareholder meeting, aiming to raise 100 billion euros to purchase Bitcoin

The European Bitcoin treasury company Capital B (The Blockchain Group) has opened online voting for its shareholder meeting on June 17, authorizing the board to establish a capital increase limit of up to 5 billion euros in nominal amounts, as well as a debt instrument issuance limit of up to 100 billion euros in nominal amounts. Capital B states that this authorization will be used to accelerate its Bitcoin treasury company strategy, with the goal of continuously increasing the per-share Bitcoin holdings fully diluted.

Token Unlocking:

Spark (SPK) will unlock approximately 900 million tokens at 5:30 PM Beijing time on June 17, with a ratio to circulating supply of approximately 27.08%, valued at about 17.8 million USD.

YZY (YZY) will unlock approximately 20.83 million tokens at 11 AM Beijing time on June 17, with a ratio to circulating supply of approximately 4.27%, valued at about 6.2 million USD.

June 18

Macroeconomics:

At 2:00 AM on Thursday, June 18, the Federal Reserve FOMC will announce the interest rate decision and economic outlook summary; at 2:30 AM, Federal Reserve Chair Waller will hold a monetary policy press conference; At 8:30 PM, initial jobless claims for the week ending June 13 in the U.S., Philadelphia Fed manufacturing index for June;

Special Attention:

A hearing on legal applicability issues for the laundering case involving 60,000 Bitcoin will be held in July; Chinese victims need to provide additional financial details by June 18

According to Caixin, a hearing for the "legal applicability issues" related to the 60,000 Bitcoin laundering case will be held in July. Chinese victims seeking to pursue recovery in the UK must supplement detailed financial information after completing their preliminary registration by June 18, 2026, including total investment amount, loss amount, and evidence of compensation received, etc. It is understood that this hearing will be crucial for the disposal of the 60,000 Bitcoin assets. If Chinese law is applicable, the relationship between victims and Blue Sky Ge Rui is a debtor-creditor relationship, and victims can only reclaim their principal; if UK law is applicable, victims might have proprietary rights over Bitcoin, and the appreciated portion of their losses may also potentially be reclaimed.

Project Updates:

Fantasy.top announces it will cease operations at the end of June; Fantasy competitions will continue until June 18

The on-chain trading card platform Fantasy.top announced that it will close at the end of June after two years of operation. The team stated that the long-term economic viability of the TCG model has ultimately shown its limitations, with trading volumes insufficient to sustainably support long-term operations. Over the past year, the team explored various social vertical products, such as prediction markets, mental share tracking, and social graph betting, but none achieved persistent market fit. All investors will receive a full refund. Major Fantasy competitions will continue until June 18, until remaining rewards are fully distributed. Prediction markets, prize pools, arenas, and other games have been closed since May 21.

Fantasy.top had previously responded to rumors of "closing soon" last November, stating, "The platform will not close. Core content will not change and will continue to be a focus for future work. Gameplay updates, balance adjustments, and new version iterations will continue, and the team will provide long-term support and active development. The core game reward treasury currently holds 640 ETH." Previously, in December 2014, news broke that Fantasy.Top raised $4.25 million in seed funding, led by Dragonfly.

June 19

Macroeconomics:

Due to the Juneteenth holiday, the New York Stock Exchange will be closed for one day on Friday (June 19); trading in precious metals, energy, forex, stock indices, and U.S. Treasury futures contracts at CME Group will end early at 01:00 Beijing time on June 20.

Exchanges:

Binance will delist COS, D, HIGH, MBOX on June 19

According to the official announcement, based on recent audits, Binance has decided to stop trading and delist the following coins at 11:00 AM (UTC+8) on June 19, 2026: Contentos (COS), Dar Open Network (D), Highstreet (HIGH), MOBOX (MBOX).

Project Updates:

Cryptocurrency infrastructure company Blocknative team absorbed by Deloitte, expected to cease operations on June 19

Deloitte has acquired the team of cryptocurrency infrastructure company Blocknative through talent acquisition. The Blocknative team will "focus on driving Web3 innovation within Deloitte's client portfolio." The Blocknative website announced that the company is "ceasing operations," with its API and Gas Network expected to operate until June 19. Blocknative, established in 2018, focuses on real-time mempool monitoring, gas fee prediction, and transaction management. CEO Matt Cutler stated that the company's work in mempool visibility, transaction orchestration, block building, MEV auction, private order flow, and transaction pricing will soon conclude. It is unclear whether Blocknative will fully join Deloitte.

Felix announces that the HIP-3 perpetual contract DEX will begin shutting down on June 19

Felix stated that due to the operation stop of the USDH stablecoin, the Felix HIP-3 perpetual contract DEX and all active markets will begin shutting down on June 19, with settlement to be completed on June 20. The platform advises all traders to close active positions before this. Each market will be settled in the order of commodities, stocks, and cryptocurrencies, with each market's settlement occurring an hour apart. Felix co-founder Charlie recapped that the project's main failure stemmed from competitors like TradeXYZ choosing USDC instead of USDH as margins, entering the market earlier to seize brand advantage, and establishing an early growth flywheel through airdrops, making it difficult for Felix to catch up. Felix noted that lending and tokenized stock trading will continue to operate and be upgraded.

June 20

Token Unlocking:

LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on June 20, with a ratio to circulating supply of approximately 4.83%, valued at about 23.2 million USD.

KAITO (KAITO) will unlock approximately 17.6 million tokens at 8 PM Beijing time on June 20, with a ratio to circulating supply of approximately 4.49%, valued at about 7.4 million USD.

June 21

Project Updates:

YZi Labs incubation project "EASY Residency S4" applications will close on June 21, focusing on Web3, AI, and biotechnology

YZi Labs announced the launch of its flagship global incubation project EASY Residency Season 4 (S4), with applications closing on June 21. This 10-week founder project adopts a "5 weeks online + 5 weeks offline in Bhutan" model, with the offline phase taking place in the newly established special administrative zone of Glib Mindfulness City in Bhutan. Selected projects can receive up to $500,000 in investment, including $150,000 for 5% equity through a SAFE agreement and $350,000 with no limits through a SAFE agreement. The costs for accommodation, meals, and workspace during the founders' stay in Bhutan will be fully covered.

This round of incubation focuses on Web3, AI, and biotechnology sectors, including global payments, agentic economy, next-generation DeFi, AI infrastructure, AI × healthcare biotechnology, and Web3 × healthcare biotechnology. The mentor lineup includes Zhao Changpeng, He Yi, and Balaji, among others.

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