Daily News: Bitcoin Reclaims $105k, OKX Considers IPO in US, Texas Allocates Funds for Bitcoin, and More

Iranian Foreign Minister: No Ceasefire Agreement Reached, But Willing to Stop Here

Iranian Foreign Minister Aragchi stated on X that, as Iran has repeatedly clarified, it was Israel that initiated the war against Iran, not the other way around.

“As of now, there is NO ‘agreement’ on any ceasefire or cessation of military operations,” Araghchi writes. “However, provided that the Israeli regime stops its illegal aggression against the Iranian people no later than 4 am Tehran time, we have no intention to continue our response afterwards. The final decision on the cessation of our military operations will be made later.”

Federal Reserve Governor Bowman Hints at Supporting a Rate Cut in July

Federal Reserve Governor Bowman suggested that she might support a policy rate cut at the next meeting if inflationary pressures are brought under control. She emphasized that lowering the rate would bring it closer to a neutral level and maintain a healthy labor market.

Bowman, who has been closely monitoring inflation risks since last year, stated that she expects more idle capacity in the economy this year. She believes that the price increases caused by tariffs will be "small and one-time." Bowman described the labor market as solid and near full employment but cited evidence of vulnerabilities, including reduced labor market dynamism, slowing economic growth, and narrowly concentrated job gains. She argued that the Federal Reserve should place greater emphasis on the downside risks to employment goals in its future decisions.

This marks Bowman’s first substantial commentary on the economic outlook since being nominated by former President Trump and confirmed by the Senate as the Federal Reserve Vice Chair for Supervision earlier this spring.

Texas Becomes the First State to Allocate Funds for Bitcoin Reserves and Authorize Seizure of Crypto Assets Linked to Crimes

Texas becomes the first U.S. state to establish a public Bitcoin reserve and allocate $10 million for Bitcoin purchases. This reserve will be managed independently from the state’s general finances, distinguishing it from Arizona and New Hampshire, which have only authorized similar actions without allocating funds. The supporting legislation, HB4488, specifies that the reserve cannot be included in general fiscal revenue.

Additionally, Texas Senate Bill SB1498 automatically took effect on June 20 and will be implemented starting September 1. The bill authorizes the state government to seize digital assets, including cryptocurrencies, NFTs, and stablecoins, linked to specific criminal offenses, incorporating them into civil asset forfeiture.

Yu Weiwen: Hong Kong Sets Strict Standards for Stablecoin Issuers, Only a Few Licenses Expected in the First Phase

Chief Executive of the Hong Kong Monetary Authority Yu Weiwen stated that Hong Kong has established relatively strict standards for stablecoin issuers, with high entry thresholds comparable to the regulation of e-wallets and banks. According to the report by Jin10 on June 23, the "Stablecoin Ordinance" will take effect on August 1. It is expected that only a few licenses will be issued in the first phase, and the licensed stablecoins will serve specific purposes, such as cross-border trade.

Yu highlighted that the Hong Kong Monetary Authority (HKMA) imposes stringent risk management requirements, including asset reserve management, stabilization mechanisms, redemption policies, and most importantly, anti-money laundering regulations, which are almost identical to those applied to e-wallets and banks. Since stablecoins have payment attributes, the "Stablecoin Ordinance" provides a comprehensive regulatory framework for issuers to ensure that the same risks are subject to the same regulatory rules, fostering healthy and sustainable development in the industry.

Grayscale Registers Space and Time (SXT) Trust in Delaware

Grayscale registered the Space and Time (SXT) Trust in Delaware, market news reports.

OKX Considers IPO in the United States

A crypto reporter discloses on X that OKX is considering conducting an initial public offering (IPO) in the United States.

Mango Network Announces Tokenomics Model: Total Supply of 10 Billion Tokens, 5% Allocated for Testnet Airdrop

Mango Network announced its tokenomics model, revealing a total token supply of 10 billion. The token distribution is as follows:

• 20% - POS staking pool;

• 20% - foundation;

• 17% - ecosystem innovation fund;

• 15% - team and early contributors;

• 5% - testnet airdrop;

• 15% - investors;

• 5% - mainnet airdrop;

• 3% - advisors.

Mango Network is a Layer 1 blockchain based on the Move programming language. It aims to address multiple pain points in Web3 applications and DeFi protocols, such as fragmented user experiences and liquidity issues. By integrating OPStack technology and the core advantages of MoveVM, Mango Network builds an efficient blockchain network that supports cross-chain communication and multi-virtual machine interoperability. It provides developers and users with secure, modular, and high-performance Web3 infrastructure.

Strategy Increases Bitcoin Holdings by 245 BTC, Total Reaches 592,345 BTC

Michael Saylor announced that his company, Strategy, purchased 245 bitcoins at an average price of approximately $105,856 per bitcoin, with a total investment of around $26 million. As of June 22, 2025, Strategy holds a total of 592,345 bitcoins, with a cumulative investment of $41.87 billion and an average cost of $70,681 per bitcoin. The company's bitcoin return rate for 2025 has reached 19.2%.

Eyenovia Completes $50 Million Private Placement and Purchases Over One Million HYPE Tokens

Eyenovia announced the completion of its $50 million private placement, successfully acquiring 1,040,584.5 HYPE tokens at an average price of $34 per token, becoming the first Nasdaq-listed company to run a validator on the Hyperliquid blockchain. CEO Michael Rowe stated that this financing is the first step in implementing the company's cryptocurrency reserve strategy, while focusing on completing FDA registration for the Optejet User Filled Device (UFD), expected to be submitted by September 2025. CIO Hyunsu Jung noted that the successful acquisition of initial HYPE tokens paves the way for deeper participation in the Hyperliquid ecosystem. Eyenovia plans to rebrand as "Hyperion DeFi" with the ticker "HYPD" upon board approval, continuing to advance ophthalmic technology while providing shareholders access to a high-growth blockchain ecosystem.

Public Companies Increased Bitcoin Holdings by 12,400 BTC Last Week, While Mining Output Was Only 3,150 BTC

Public companies increased their Bitcoin holdings by 12,400 BTC last week, while mining output during the same period was only 3,150 BTC, according to statistics from The Bitcoin Historian on June 23.