6.13 AI Daily Report: Tensions escalate in the Middle East, significant fluctuations in the crypto market.

1. Headlines

1. Israel launches airstrikes against Iran, and the situation in the Middle East falls into a new round of tension.

The Israeli Air Force carried out a large-scale airstrike on multiple targets related to Iran's nuclear program and military facilities in the early hours of June 13. This is the latest military action taken by Israel against Iran's nuclear program.

Israeli Prime Minister Netanyahu stated that this operation aims to weaken Iran's nuclear infrastructure, ballistic missile factories, and military capabilities, and will continue until completion, regardless of how long it takes. Israeli officials revealed that Israel has fully coordinated with the United States.

The Iranian Armed Forces General Staff issued a statement vowing to respond to attacks from Israel with "no limits." Analysts anticipate that Iran may take various retaliatory measures, including cutting off global oil supplies, utilizing proxy armed groups, drone and missile strikes, escalating cyber warfare, planning overseas terrorist attacks, and nuclear upgrades.

This conflict has once again triggered geopolitical risks in the Middle East, leading to significant volatility in global financial markets. International oil prices have risen sharply, and the demand for safe-haven assets has surged. U.S. President Trump has convened a cabinet-level meeting to address the situation. Analysts warn that if the situation continues to escalate, it will pose a severe impact on global energy supply, inflation expectations, and economic recovery.

2. The Trump administration promotes the United States as the "global cryptocurrency hub"

The U.S. government is about to announce a comprehensive strategy to increase its support for Bitcoin. President Trump's close advisor Bo Hines has confirmed that the strategy aims to make the U.S. a "global cryptocurrency hub."

Analysts believe that the Trump administration's open attitude towards cryptocurrencies could bring about industry changes. A clear regulatory framework is expected to be created, clearing obstacles for institutional investors to enter the crypto market. At the same time, the government may introduce favorable policies such as Bitcoin ETFs and support the development of stablecoins.

However, some people are skeptical about the Trump administration's commitments. Caroline Pham, acting chair of the Commodity Futures Trading Commission, emphasized that regulators will not relax compliance requirements due to political factors and will continue to crack down on market fraud.

Analysts in the cryptocurrency sector point out that clearer regulation will boost institutional capital entry, but it may also exacerbate regulatory differentiation among cryptocurrencies. Overall, the supportive stance of the Trump administration will bring new development opportunities for the industry, but the specific extent of the impact remains to be seen.

3. Countdown for Solana Spot ETF: SEC's Rare 30-Day Review Period Sparks Market Attention

The U.S. Securities and Exchange Commission ( SEC ) has recently initiated a 30-day review period for the VanEck Solana spot ETF, a rare move viewed as a clear signal of a shift in regulatory attitude, sparking heated discussions in the market.

Solana is the third crypto asset to be included in the spot ETF review process, following Bitcoin and Ethereum. The SEC's initiation of a 30-day review period signifies that the regulator is seriously considering whether to approve the listing of this product.

As soon as the news broke, bullish sentiment was quickly ignited. The price of Solana briefly surged past $165, with a daily increase of up to 5%. Investors are betting that Solana may become the third crypto asset, after BTC and ETH, to be included in mainstream finance's spot ETF.

Analysts point out that against the backdrop of a gradually clearer ETF trading structure and warming regulatory signals, investors' focus has shifted from "whether it can pass" to "when it will pass" and "who will launch it." Once the Solana spot ETF is approved, it will further enhance its position in the institutional field.

However, the SEC's final decision still remains uncertain. Investors need to closely monitor the subsequent review progress and rationally assess the potential profit space.

4. The Polkadot community plans to establish a Bitcoin strategic reserve to strengthen ecological liquidity.

The Polkadot community has released a proposed proposal "Establishing a Bitcoin Strategic Reserve for the Treasury", which plans to convert 500,000 DOT into tBTC within a year using Hydration's "rolling DCA" feature, and inject it into the Hydration Omnipool as liquidity.

This proposal aims to inject more liquidity into the Polkadot ecosystem and enhance its influence in the cryptocurrency market. Bitcoin, known as the "digital gold" of cryptocurrencies, has extremely high liquidity and hedging properties, which can provide strategic reserves for Polkadot.

Analysts believe that this move reflects the Polkadot community's long-term planning for ecological development. By establishing a Bitcoin reserve, Polkadot can not only gain liquidity support but also diversify investment risks and enhance overall risk resistance.

At the same time, this proposal also reflects the importance of cross-chain interoperability within the Polkadot ecosystem. tBTC, as the token mapping of Bitcoin on Ethereum, can seamlessly connect with the Polkadot ecosystem, contributing to asset flow and ecosystem integration.

However, the specific operational details and implementation progress of the proposal still await further discussion within the community. Analysts indicate that the establishment of Bitcoin reserves will be a long-term process that requires balancing liquidity needs and financial risks, ensuring sustainable momentum for the Polkadot ecosystem.

5. The Ethereum Foundation launches financial policy reforms and internal restructuring.

It is reported that the Ethereum Foundation is quietly initiating financial policy reforms and internal restructuring, a move interpreted by outsiders as Ethereum undergoing a profound "transformation".

The Ethereum Foundation, as a non-profit organization within the Ethereum ecosystem, has its financial status and internal structure directly related to the development direction of the entire ecosystem. The core goal of this reform is to optimize financial management and improve the efficiency of fund utilization.

Analysts point out that the reforms of the Ethereum Foundation may bring the following impacts: first, strengthening financial transparency and enhancing credibility; second, adjusting funding allocation strategies to better support key technology research and development; third, improving the internal governance structure and increasing decision-making efficiency.

At the same time, the Ethereum Foundation may also increase its investment in Ethereum ecosystem projects to inject new vitality into the ecosystem. For example, supporting Ethereum Layer 2 scaling solutions and promoting enterprise-level applications.

Overall, the reforms of the Ethereum Foundation will bring new development opportunities to the Ethereum ecosystem. Analysts believe that this transformation will help Ethereum solidify its leading position in the cryptocurrency space, creating greater room for its long-term development.

2. Industry News

1. Israel's airstrike on Iran triggers significant fluctuations in the cryptocurrency market.

In the early hours of June 13, the Israeli Air Force launched a large-scale airstrike, code-named unspecified, against Iran, targeting dozens of facilities related to its nuclear program and other military installations. This incident quickly triggered a surge in global market risk aversion, leading to a significant decline in the cryptocurrency market. Bitcoin plummeted from $107,000 to $103,000 in just one day, a drop of nearly 4%. Ethereum fell even more, dipping to $2,498 at one point, with a daily decline of nearly 10%.

Market analysts point out that geopolitical conflicts often trigger a flight to safety among investors, and cryptocurrencies, as an emerging asset class, tend to face selling pressure in such situations. Meanwhile, traditional safe-haven assets like oil and gold have seen significant increases. Analysts warn that if the situation in the Middle East further escalates, the cryptocurrency market may face greater downward risks.

However, some analysts believe that this conflict is just a short-term noise and will not trigger a new long-term trend. They suggest that investors closely monitor the situation's development and seize appropriate "buying on dips" opportunities. After all, cryptocurrency, as a borderless financial instrument, may also be in demand during times of war.

Overall, geopolitical risks are one of the important factors affecting cryptocurrency prices. Investors need to remain highly vigilant, carefully assess risks, and adjust their investment strategies in a timely manner according to market changes.

2. Large-scale capital inflows into Bitcoin ETFs in a single month trigger a market rebound.

According to statistical data, the net inflow of funds into Bitcoin ETFs in May exceeded $3 billion, setting a historical record. This strong influx of funds is seen as a signal of institutional investors returning to the cryptocurrency market, significantly boosting market sentiment.

After breaking through the $109,000 mark at the end of May, the price of Bitcoin briefly rose above $112,000 in early June. Analysts believe that the massive inflow of ETF funds is the main driving force behind this surge. The re-entry of institutional investors not only injects new capital into the market but, more importantly, conveys their confidence in the long-term prospects of cryptocurrencies.

However, some analysts are cautious about this. They point out that while the inflow of ETF funds is a positive factor, the volatility of the cryptocurrency market remains high, and investors should not be overly optimistic. At the same time, the uncertainty of regulatory policies may also impact the market.

Looking ahead, if institutional funds continue to flow in, Bitcoin is expected to break through its historical high of $112,000. However, if there is an outflow of funds, the downside risk cannot be ignored. Investors need to closely monitor the flow of funds and cautiously seize investment opportunities.

3. The Solana ecosystem continues to heat up, attracting market attention.

Recently, the Solana ecosystem has been gaining momentum, attracting widespread attention in the market. Data shows that the token AURA within the Solana ecosystem surged over 4800% in just one day, nearly reaching last year's high. This intense rebound has reignited the bullish expectations among many members of the Solana community.

Analysts believe that the continuous strengthening of the Solana ecosystem is mainly due to its outstanding technical strength and active community. The Solana public chain has advantages such as high throughput and low fees, attracting a large number of popular projects such as DeFi and NFTs to settle in. Meanwhile, the Solana ecosystem is constantly expanding, with new innovative applications emerging one after another.

However, some analysts are cautious about the development prospects of the Solana ecosystem. They point out that while Solana's technical strength is undeniable, the token prices within the ecosystem have significantly deviated from the fundamentals, posing a considerable bubble risk. If there is a capital outflow, it could trigger severe price fluctuations.

Overall, the continuous warming of the Solana ecosystem reflects the market's preference for high-performance public chains. However, investors should still carefully assess risks when investing in tokens within the Solana ecosystem to guard against losses caused by a potential bubble burst.

4. Regulatory policies are becoming clearer, triggering expectations for the development of stablecoins.

Recently, major economies such as the United States and the European Union have successively introduced regulatory policies for stablecoins, indicating a clear direction for the development of stablecoins. This positive news has sparked optimistic expectations in the market regarding the future of stablecoin development.

Analysts believe that clear regulatory policies are beneficial for the healthy development of the stablecoin ecosystem. On one hand, clear regulatory requirements help improve the transparency and security of stablecoins, enhancing investor confidence; on the other hand, the introduction of regulatory policies has also cleared obstacles for the application of stablecoins in areas such as payments and settlements.

At the same time, the development of stablecoins will also drive the evolution of the entire cryptocurrency ecosystem. Stablecoins can serve as a bridge between cryptocurrencies and traditional financial systems, facilitating the integration of both and thus promoting the large-scale application of cryptocurrencies.

However, some analysts are cautious about the development prospects of stablecoins. They point out that the development of stablecoins needs to meet strict regulatory requirements, which may increase the costs and difficulties of issuance and operation. At the same time, stablecoins also face the risk of competing with sovereign currencies.

Overall, the clarity of regulatory policies has pointed the way for the development of stablecoins, but the specific development prospects still need to be tested over time. Investors need to closely monitor changes in regulatory policies and prudently assess the risks and returns of stablecoin investments.

5. The AI track continues to heat up, sparking heated discussions in the industry.

Recently, the AI sector has been gaining momentum, sparking widespread discussions both within and outside the industry. On one hand, more and more traditional tech companies and cryptocurrency projects are starting to venture into the AI field; on the other hand, cryptocurrency projects focused on AI are also continuously emerging.

Analysts believe that the continued heating of the AI sector is mainly due to two reasons: first, the rapid development of AI technology has provided possibilities for its application in various fields; second, the cryptocurrency ecosystem offers new ideas and space for the decentralized application of AI technology.

The application prospects of AI technology in the field of cryptocurrencies are vast. For example, AI can be used to improve consensus mechanisms, optimize smart contracts, and enhance system security. At the same time, AI systems based on blockchain can also avoid data centralization and ensure fair distribution of computing power.

However, the development of the AI track also faces some challenges. For example, issues such as the interpretability of AI algorithms and privacy protection still need to be addressed. In addition, the development of AI technology may also bring some potential risks, such as computing power monopolies and improper use.

Overall, the continuous heating up of the AI sector reflects the cryptocurrency ecosystem's inclusiveness and innovation towards new technologies. However, investors must still carefully assess the technological strength, development prospects, and potential risks when investing in AI-related projects.

3. Project News

1. Sui Network: The rise of the Move ecosystem new star accelerates.

Sui Network is a Layer 1 public chain built on the brand new blockchain kernel Sui, founded by the former Diem core development team. Sui adopts a design philosophy different from Ethereum, aiming to provide a high throughput and low latency on-chain experience.

Latest updates: Sui Network officially launched its mainnet in May this year and attracted widespread attention during the TOKEN2049 conference. The first Cetus launched simultaneously, injecting liquidity into the Sui ecosystem. In addition, the Sui Foundation also launched the SuiPlay gaming platform and the Sui incubator program to inject more innovative forces into the ecosystem.

Market impact: As the first public chain project to launch on the mainnet in the Move ecosystem, the development of Sui will directly affect the development process of the entire Move ecosystem. The technical advantages of Sui are expected to attract more developers and projects to settle in, promoting the prosperity of the Move ecosystem. At the same time, Sui may also become a strong competitor to the Solana ecosystem.

Industry feedback: Industry insiders generally believe that Sui has the potential to become the next-generation public chain. Well-known investor Haseeb Qureshi stated that Sui's design concept is forward-thinking and innovative, and is expected to become a new direction for blockchain development. However, some analysts are concerned that the current number of projects in the Sui ecosystem is limited, and development still requires time.

2. Hyperliquid: The Leader of a New Paradigm for On-Chain Derivatives

Hyperliquid is an on-chain derivatives protocol dedicated to providing efficient and transparent risk hedging tools for crypto assets. The protocol employs an innovative "perpetual swap" design, allowing users to engage in indefinite swap trading on-chain.

Latest Update: Hyperliquid has experienced explosive growth over the past year, with a total open interest exceeding $10.1 billion and USDC locked surpassing $3.5 billion. The protocol has also launched several new features, such as funding rate curve optimization and a new risk management module, further enhancing the user experience.

Market Impact: The success of Hyperliquid has opened up new development directions for the on-chain derivatives market. Its innovative perpetual swap design is expected to become the industry standard, promoting further development of the on-chain derivatives market. At the same time, Hyperliquid also provides institutional investors with efficient risk management tools, which helps to encourage institutional capital entry.

Industry feedback: The well-known analysis firm Delphi Digital highly praised Hyperliquid's innovative model in its report, believing it has the potential to become a leader in the on-chain derivatives market. However, some analysts are concerned that Hyperliquid's high degree of centralization may pose potential risks.

3. Aethir: The Pioneer of Decentralized Cloud Computing

Aethir is a decentralized cloud computing platform based on blockchain, aiming to provide users with secure, efficient, and low-cost computing resources. The platform adopts an innovative consensus mechanism and incentive model, attracting a large number of miners and developers to join.

Latest News: Aethir successfully completed its token issuance in May this year, raising over $141 million. This funding will be used to further expand Aethir's decentralized physical infrastructure network. At the same time, Aethir has also launched the KOL Ambassador Program, aiming to bring more creators into the ecosystem.

Market Impact: As a pioneer in the decentralized cloud computing space, Aethir's development will have a profound impact on the entire industry. Its innovative consensus mechanism and incentive model are expected to promote the decentralization of cloud computing resources, breaking the monopoly of traditional cloud service providers. At the same time, Aethir also provides high-performance computing support for blockchain projects.

Industry feedback: The well-known investment institution Polychain Capital is optimistic about Aethir's prospects, believing it has the potential to become the "next Amazon" in the cloud computing sector. However, some analysts are concerned that the technical complexity of Aethir may affect its large-scale application.

4. Schelling AI: The Innovative Integration of Web3 and Artificial Intelligence

Schelling AI is an innovative company focused on the integration of Web3 and artificial intelligence. The company aims to leverage blockchain technology to address pain points in the field of artificial intelligence, such as data privacy and computing power sharing.

Latest news: Schelling AI released a report on the symbiosis of Web3 and artificial intelligence at the TOKEN2049 conference. The report systematically outlines the vision of the integration of Web3 and artificial intelligence from five dimensions: technology, value, application, ecology, and ethics.

Market Impact: Schelling AI's innovative concept is expected to promote the deep integration of Web3 and artificial intelligence, injecting new momentum into the development of these two major technology fields. The proposed solutions are expected to address pain points in the development of artificial intelligence, such as data privacy and computing power sharing, thereby advancing the further development of artificial intelligence technology.

Industry feedback: The well-known investment firm Andreessen Horowitz highly praised the innovative concept of Schelling AI in its report, believing it has the potential to become a leader in the integration of Web3 and artificial intelligence. However, some analysts are concerned that the integration of Web3 and artificial intelligence may bring new security and privacy risks.

5. Kingnet AI: AI-driven Web3 game development platform

Kingnet AI is a collaborative Web3 game development platform based on artificial intelligence. The platform leverages AI technology to provide game developers with intelligent game design, asset generation, and other tools, significantly improving game development efficiency.

Latest news: Kingnet AI has reached a partnership with Alibaba Cloud to jointly expand the AI gaming field. Kingnet AI will leverage Alibaba Cloud's server advantages to develop and deploy more native cloud games. Meanwhile, the Kingnet AI V2 version will be launched soon, with the agency system and game generation engine to be deployed on the Solana, BNB Chain, and TON blockchains.

Market Impact: Kingnet AI's innovative solutions are expected to drive the development of the Web3 gaming industry. AI-driven game development models can significantly reduce game development costs, attracting more developers to join the Web3 gaming space. At the same time, Kingnet AI also provides cross-chain deployment capabilities for Web3 games, helping to improve the usability of games.

Industry feedback: The renowned gaming company Animoca Brands is optimistic about the prospects of Kingnet AI, believing it has the potential to become an important infrastructure for Web3 game development. However, some analysts are concerned that AI-generated game assets may infringe on intellectual property rights.

6. Pharos Network: A New Choice for High-Performance Modular Public Chains

Pharos Network is a high-performance modular Layer 1 public blockchain, capable of processing 50,000 transactions per second. This public blockchain adopts an innovative layered architecture design, enabling high scalability, interoperability, and security.

Latest Update: Pharos Network recently released a technical architecture white paper, detailing its consensus mechanism, execution model, storage innovations, network layer optimizations, and other core technologies. The public chain has also launched the modular SPN framework, supporting developers in customizing application construction.

Market Impact: As a high-performance modular public chain, Pharos Network is expected to become the ideal infrastructure for the next generation of blockchain applications. Its outstanding performance and scalability can support various high-throughput, low-latency application scenarios. At the same time, the modular design also provides greater flexibility for developers.

Industry feedback: The well-known investment institution Polychain Capital expressed appreciation for the technology of Pharos Network, believing it has the potential to become a leading public blockchain. However, some analysts are concerned that the innovative design of Pharos Network may increase system complexity and affect its stability.

4. Economic Dynamics

1. The Federal Reserve's rate hike expectations are heating up, and inflation pressures persist.

Economic Background: The US economy maintained a strong growth momentum in the first half of 2025, with the annualized GDP growth rate reaching 3.2% in the first quarter and the unemployment rate remaining low at 3.5%. However, inflationary pressures remained high, with the core personal consumption expenditure price index (PCE) rising 4.7% year-on-year in May, far exceeding the Federal Reserve's target level of 2%.

Important Event: The Consumer Price Index (CPI) for May, released by the U.S. Department of Labor on June 13, showed a year-on-year increase of 4.1%, higher than market expectations. This data has intensified market expectations that the Federal Reserve will raise interest rates next month. Analysts believe that persistently rising inflation will force the Federal Reserve to raise rates by another 25 basis points in July.

Market Reaction: The three major U.S. stock indexes fell in response to the CPI data release, as investors are concerned that a faster pace of interest rate hikes will hinder economic growth. The dollar index rose slightly, reflecting market expectations of the Federal Reserve's stance. The bond yield curve further inverted, indicating an increased risk of economic recession.

Expert Opinion: Goldman Sachs Chief Economist Jan Hatzius stated that despite the uncertainty in the economic outlook, the Federal Reserve still needs to continue raising interest rates to curb the spread of inflation expectations. He expects the Federal Reserve to raise rates two more times for the remainder of this year. On the other hand, Morgan Stanley Chief Economist Ellen Zentner believes that excessive tightening of monetary policy could lead to a hard landing for the economy, and the Federal Reserve should act more cautiously.

5. Regulation & Policy

1. The U.S. Securities and Exchange Commission has withdrawn the proposal to expand the definition of "custody rules".

The U.S. Securities and Exchange Commission ( SEC ) has officially withdrawn a proposal aimed at expanding the definition of "custody rules." The proposal, published in April 2023, aimed to include all client assets (, including crypto assets ), within the definition of "custody," raising concerns in the industry about whether certain state-chartered entities should be considered qualified custodians.

The SEC has also dropped the proposal requiring publicly listed companies to comply with enhanced Environmental, Social, and Governance (ESG) reporting requirements. This move is seen as a signal of a shift in regulatory direction following the appointment of the SEC's new chairman, Paul Atkins.

Experts believe that the SEC's move reflects a more cautious and pragmatic approach to cryptocurrency regulation. Policy advocacy organizations like Better Markets have criticized the SEC for previously relying too much on informal guidance documents to formulate policies, which undermined public accountability and investor protection. The industry hopes that the SEC can restore formal rule-making procedures in cryptocurrency regulation, enhancing transparency and democratic participation.

( 2. Acting Chair of the U.S. Commodity Futures Trading Commission: Will not ease regulations due to Trump administration commitments

Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), stated at the Coinbase annual summit that despite the Trump administration's open attitude towards cryptocurrencies, regulators will not relax compliance requirements for the industry. She emphasized that "supporting innovation does not equal condoning illegal activities." The CFTC will focus on combating market fraud rather than criminalizing specific asset classes or technologies themselves.

Pham criticized the Biden administration's regulatory approach of "over-expanding legal interpretations," pointing out that this tendency affects not only the cryptocurrency market but also impacts traditional derivatives and foreign exchange markets. She stated that there is no "easy way out" for anyone, and regulators will not easily loosen their grip.

Analysts believe that Pham's speech conveyed the signal that the CFTC still adheres to prudent regulation under the Trump administration. Although the Trump administration has promised to support the development of the crypto industry, regulatory agencies will not relax compliance requirements and will continue to crack down on illegal activities.

) 3. Hong Kong SFC: will include crypto OTC trading and custody institutions under regulatory scope

The Chief Executive Officer of the Hong Kong Securities and Futures Commission, Ashley Alder, stated at the Caixin Summer Summit that the Hong Kong Securities and Futures Commission proposed a regulatory framework for virtual assets as early as 2018 from the perspective of investor protection. In the context of multiple cycles, geopolitical factors, and digital development, Bitcoin has become an alternative asset and a tool for competing for financial supremacy.

She emphasized that Hong Kong adopts the regulatory concept of "same business, same risks, same rules". In addition to the already licensed exchanges, the next step will be to include over-the-counter trading and custodial institutions within the regulatory scope. Liang Fengyi further stated that against the current macro background, the volatility of the capital market has become the new normal. The Hong Kong Securities and Futures Commission must respond with a flexible and robust regulatory approach to ensure the resilience of the Hong Kong market while leveraging Hong Kong's unique advantages to seize new opportunities.

Industry insiders believe that the Hong Kong Securities and Futures Commission's move aims to build a complete regulatory framework for the virtual asset ecosystem, which is beneficial for protecting investor rights and promoting the orderly development of the virtual asset industry in Hong Kong. As regulation becomes increasingly完善, Hong Kong is expected to further consolidate its position as an international financial center.

4. Hong Kong Financial Secretary: Will issue the second digital asset development policy declaration

The Financial Secretary of the Hong Kong SAR Government, Paul Chan, stated at the Caixin Summer Summit that Hong Kong has launched a licensing system for digital asset trading platforms and a licensing system for stablecoins, and is advancing regulatory arrangements for custody and over-the-counter trading. "This month, we will issue the second policy declaration regarding the development of digital assets in Hong Kong, focusing on the combination of financial services and innovation, and expanding the application scenarios for digital assets, among other things."

Chen Maobo's speech reflects the Hong Kong government's determination to promote the development of digital assets. Industry insiders believe that Hong Kong has advantages in regulation, talent, and technology for developing the digital asset industry. With continuous policy support, Hong Kong is expected to become a global digital asset hub.

Experts point out that developing an offshore renminbi stablecoin is an important means to mitigate the impact of uncertainties in the development of the "digital currency bridge" and will not affect the monetary policy regulation and cross-border capital management in the mainland. In terms of development pace, a progressive model will be adopted, first accumulating experience and improving mechanisms in Hong Kong, and then gradually promoting it to the mainland's free trade zones and free trade ports, which will continuously strengthen the support for the internationalization of the renminbi.