AiCoin Daily Report (June 17)

1. Vietnam officially recognizes encryption assets through legislation.

2. Truth Social has submitted registration statements for Bitcoin and Ethereum ETFs to the U.S. SEC.

Truth Social has submitted a registration statement for Bitcoin and Ethereum ETFs to the U.S. Securities and Exchange Commission (SEC). -Original

3. NatAlliance Analyst: The Federal Reserve may change its stance due to cooling labor data.

Odaily Planet Daily News NatAlliance Securities analyst Andy Brenner wrote that a recent series of weak labor market data may bring the Federal Reserve closer to the moment of shifting to a more accommodative policy stance. However, it may still be too early this week. "We still believe Powell is close to a turning point, which may have to wait until July," Brenner wrote ahead of the Fed's June meeting. "In our view, the job situation remains very unstable, the employment data is questionable, and a significant correction is underway... But just like Washington has done with budget issues for years, the Fed may simply push the issue back another month." -Original text

4. The Purpose XRP ETF will be listed on the Toronto Stock Exchange today.

Purpose Investments Inc. announced that the 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 direct exposure to spot XRP. Following this approval, Purpose will continue to broaden investors' access to digital assets through regulated and transparent investment tools.

5. The Office of the Comptroller of the Currency has approved banks to engage in encryption currency activities.

The country's banking regulatory agency has paved the way for banks to provide encryption services. Lawyers from Venable LLP stated that it is now up to these institutions to prove their trustworthiness.

6. JPMorgan: The hash power of U.S. listed Bitcoin mining companies reaches a new high in global share.

JPMorgan (JPM) stated in a research report released on Monday that the total hash rate of 13 publicly listed Bitcoin mining companies tracked by the bank currently accounts for about 31.5% of the global network hash rate, reaching a historic high. These mining companies have added 11 EH/s of hash rate since April, mainly driven by CleanSpark, Hive Technologies, and Riot Platforms. The report noted that despite the average hash rate of the entire network dropping by 10 EH/s to 890 EH/s in the first two weeks of June, the hash rate of listed mining companies still grew by 99% year-on-year, far exceeding the 55% year-on-year growth of the entire network. During the same period, the total market capitalization of mining companies increased by 10% ($2.4 billion), with Riot's stock performing the best, rising by 20%, while Bitfarms fell by 9%. Currently, the hash price has dropped by 2% since the end of May.

7. Brazilian congressman proposes to prevent taxation on encryption.

Brazilian congressman Eros Biondini submitted an amendment requesting the removal of Chapter 5 regarding taxation on cryptocurrencies in the provisional measure No. 1303/2025, and the repeal of the provisions related to cryptocurrency capital gains tax in Law No. 14754/2023. Biondini pointed out that the government's action to increase the tax rate on financial transactions (IOF) through Decree No. 12499/2025 has exceeded the original intention of tax regulation, with an expected additional collection of 20.5 billion to 41 billion reais in 2025-2026, which would increase the burden on small businesses and individual entrepreneurs. He called on the crypto community on social media to pressure Congress, stating, "Brazil could lead the trend, but is going against the tide by punishing those seeking value storage." Previously, on June 14, it was reported that Brazil plans to impose a uniform tax rate of 17.5% on profits from cryptocurrencies.

8. Bernstein: The US Stablecoin Bill May Promote Stablecoins as the Cash Layer of the Internet

Odaily Planet Daily reported that Bernstein stated that the U.S. stablecoin regulatory bill, the GENIUS Act, is likely to be passed into law in the coming months. Once the bill is passed, stablecoins are expected to develop into the currency track of the internet and become the cash layer of the internet. Bernstein pointed out that the GENIUS Act prohibits non-financial public companies from becoming stablecoin issuers, but recent reports have indicated that Amazon and Walmart are exploring the use of these encryption currencies. If e-commerce and tech platforms want to adopt these encryption currencies, they may have to collaborate with regulated U.S. issuers instead of issuing their own stablecoins.

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