AICoin Daily Report (June 17)

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1. Vietnam Officially Recognizes Cryptocurrency Assets Through Legislation

2. Truth Social Bitcoin and Ethereum ETF Has Submitted Registration Statement to the U.S. SEC

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

3. NatAlliance Analyst: The Federal Reserve May Change Stance Due to Cooling Labor Data

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

4. Purpose XRP ETF to Be Listed Today on the Toronto Stock Exchange

Purpose Investments Inc. announced that the Purpose XRP ETF has received approval from the Ontario Securities Commission (OSC) for the Purpose XRP ETF prospectus receipt, and the ETF is expected to begin trading on the Toronto Stock Exchange on June 18 under the ticker 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.   -Original

5. U.S. Office of the Comptroller of the Currency Approves Banks to Engage in Cryptocurrency Activities

The country's banking regulators have paved the way for banks to offer cryptocurrency services. Lawyers from Venable LLP stated that it is now up to these institutions to prove their trustworthiness.   -Original

6. JPMorgan: U.S. Listed Bitcoin Miners' Hashrate Reaches Record Global Share

JPMorgan (JPM) stated in a research report released on Monday that the total hashrate of 13 U.S. listed Bitcoin mining companies tracked by the bank currently accounts for approximately 31.5% of the global network hashrate, a record high. These mining companies have added 11 EH/s of hashrate since April, primarily driven by CleanSpark, Hive Technologies, and Riot Platforms. The report noted that although the average hashrate across the network dropped by 10 EH/s to 890 EH/s in the first two weeks of June, the hashrate of listed mining companies still grew by 99% year-on-year, far exceeding the overall network's 55% year-on-year growth rate. 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.   -Original

7. Brazilian Congressman Proposes to Prevent Taxation on Cryptocurrencies

Brazilian Congressman Eros Biondini submitted an amendment to remove Chapter 5 regarding cryptocurrency taxation from Provisional Measure No. 1303/2025 and to repeal the provisions related to cryptocurrency capital gains tax in Law No. 14754/2023. Biondini pointed out that the government's action to raise the financial transaction tax (IOF) rate through Decree No. 12499/2025 has exceeded the original intent of tax adjustment, with an expected additional collection of 20.5 billion to 41 billion reais in 2025-2026, increasing the burden on small and micro enterprises 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, 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 cryptocurrency profits.   -Original

8. Bernstein: U.S. Stablecoin Bill May Propel Stablecoins to Become Internet Cash Layer

Odaily Planet Daily reports that Bernstein stated the U.S. stablecoin regulatory bill, the GENIUS Act, is likely to pass into law in the coming months. Once the bill is passed, stablecoins are expected to develop into the monetary layer of the internet and become internet cash. Bernstein noted 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 cryptocurrencies. If e-commerce and tech platforms wish to adopt these cryptocurrencies, they may have to collaborate with regulated U.S. issuers rather than issuing their own stablecoins.   -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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