Japan Blockchain Association (JBA) held a session to study Facebook's newly-launched cryptocurrency Libra. JBA's chamber barrister illustrated the management method of virtual currency from the perspective of Japanese law.

Bitcoin bull Max Keiser tweeted to state, "I see 100 TH/s very soon. Price is of secondary importance. Monopolizing global CPU is the name of the game. Once BTC controls 51% of global CPU all fiat money will become instantly worthless. All central banks will close their doors."

Citing data from etherscan.io, the Ethereum network sees 6,950 pending transactions, showing a stable network.

Citing statistics from alternative.me, the Fear & Greed Index currently reads 87, hitting a record high.
As per the index, a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed."

According to Jins, the in-house crypto analyst at CoinNess.com, for bullish investors, the opening position at $10,000 seems to be higher. However, compared with the BTC's volatility potential, there is actually the possibility of price doubling ($20,000) within four days.
From the respective of the trading volume and price between the end of 2017 and now, the 24-hour trading volume of BTC has experienced a significant hiking since 2019, which once reached up to $34 billion and brought a high turnover. If BTC continues to maintain its current performance, a further promotion to the price will be shown.
After the price correction of BTC, its 24-hour trading volume expanded to $30.3 billion on June 24 with a wink after a shrinkage. That is to say, BTC is still very active and has the ability to maintain a trading volume of more than $30 billion.
From the point of view of turnover rate, the trading volume of BTC marked $34.8 billion while its market cap read $142 billion with its price dancing around $8,000, which led to a turnover rate at 24%.
Generally speaking, when the turnover rate of BTC is up to 24%, the fluctuation amplitude will also exceed 20%. In other words, the bullish force will push BTC to increase by as much as 20% within a day. The longs open a position at $10,000, which indicates the BTC price is able to go up to $20,000 in 4 trading days at least.
Judging from the 5-day moving average, although BTC's volatility potential has reached a short-term high, there is still a big gap between the current price and its historical high. 2-day ROC has reached 32% in the short-term, with a potential of nearly 20% rising compared with the intraweek 49.47% increase in 2017.
Regarding the law of price operation in the bull market, investors with the sentiment of FOMO have not yet bought in a large number of BTC, so BTC's price volatility will not reach a record high. With the enthusiasm of investors who are boosted by the increase, BTC's intraday 20% increase is feasible.

The crypto trading platform ZG.com will enable the deposit of FIBOS (FO) at 06:00 UTC on June 26, and launch the OF/USDT trading pair at 06:00 on June 27. The withdrawal of FO will be available at 06:00 on June 28.

As reported, Synthetix, a synthetic asset issuance platform built on Ethereum, experienced an oracle attack which netted the attacker over 37 million sETH, according to Etherscan. Synthetix is the latest synthetic asset platform to gain attention within the decentralized finance ecosystem. Structured as a multi-tier issuance platform, collateral type, and exchange, Synthetix permits any user to mint synthetic assets, from cryptocurrencies to fiat currencies to derivatives.
PeckShield, a China-based blockchain security firm, revealed that the attacker attacked the token exchange rate data provider (Oracle) of the Synthetix contract, causing the sKRW/sETH token conversion rate to be incorrect. The normal exchange rate was approximately 360,000 sKRW for 1 sETH, and the exchange rate after the attack was changed to 720 sKRW for 1 sETH, which enables a low-cost of sKRW being exchanged for sETH. According to PeckShield, the suspected attacker with address starting at 0xedb85c exchanged 25,744,065,938 sKRW for 35,759,524 sETHs.
PeckShield security personnel reminded that Oracle attacks are the common security risks faced by DeFi asset management projects. The security and reliability of data sources should be strengthened. Security auditing and real-time monitoring of key data such as exchange rates should be done to avoid asset losses.

As of 03:00 (UTC) on June 25, the global index of Bitcoin (BTC) price has reclaimed the $11,000 level, marking $11,141.31. It has registered an increase of 4.43% in the past 24 hours.
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Buy" with two indicators sending out a selling signal, three showing a neutral signal, and 13 indicating a buying signal.
The broad market shows an uptrend, with 85 out of Top 100 cryptos by market cap rising.
The global market cap reads $332.90 billion, and the 24-hour trading volume is $63.07 billion.
Major Coins
1. BTC quotes show 11,191.31 USDT on Binance, $11,191.50 on Bitfinex and $11,149.47 on Coinbase Pro;
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $312.01 (+2.72%); XRP marks $0.4700 (+2.79%); BCH marks $481.85 (+2.58%); LTC marks $136.11 (+0.83%); EOS marks $7.27 (+1.73%); ETC marks $9.24 (+2.48%).
Top 3 Gainers and Losers in Cryptocurrencies
1. Top 3 gainers among Top 100 cryptocurrencies by market cap: NRG (+36.02%), QNT (+32.22%), and EKT (+24.98%);
2. Top 3 losers among Top 100 cryptocurrencies by market cap: GXC (-11.04%), DCR (-6.69%), and SAN (-4.24%).
Top 3 Gainers and Losers in Categories
1. Top 3 gainers among 24 categories: Corss Chain Technology (+13.28%), Sharing Economy (+11.21%), and Side Chain Concept (+10.61%);
2. Only 2 losers among 24 categories: Data Service (-8.32%) and Asset Anchoring (-0.82%).
Cap Flows of Coins/Exchanges
1. Top 3 capital inflows within the last 24 hours: DASH (+$501.22 mln), ETH (+$342.25 mln), and BTC (+$286.42 mln);
2. Top 3 capital outflows within the last 24 hours: ALGO (-$13.00 mln), BCH (-$12.84 mln), and BAT (-$9.98 mln);
3. Net inflows/outflows of exchanges: Binance (+$83.18 mln), Bitfinex (-$2.05 mln), and Coinbase Pro (+$21.01 mln).

Daniel Larimer, also known as BM, shared his stance of the rate of RAM increase in Telegram group. CoinNess.com collected his thread of thoughts and compiles as follows:
"1. You clearly don't understand the need to ration ram over time nor how limited the maximum ram supply is: about 1.5 tb. Nor do you understand how 1.5 tb of ram will reduce transactions per second due to increase database lookup costs;
2. If the goal is to make ram cheaper then the solution is to offer futures markets, ram stable coins backed by eos, and to pre-sell ram for future dates;
3. In the meantime the devs are working on ways to increase supply of storage and throughput. This will bring costs down. That said, I fully support producers double the rate of RAM increase to 128gb per year, or 2k per block."

According to Jiji, Remixpoint, the parent company of Bitpoint, invested in an artificial intelligence (AI) venture capital company - Daisy, with tens of millions of yen invested. Daisy applies AI prediction technology to Remixpoint's cryptocurrency trading business and power.

For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.

Recently, blockchain and crypto market data company Brave New Coin (BNC) released a report, which looks at the future constraints for the shareholder model in its current form, and why decentralized autonomous organizations (DAOs) will be superior to today's corporate firm structure.
For investors, DAOs will eventually become a less risky investment class compared to shares in a regular company, offering more predictable ROI and better passive returns than most stock dividends - while also minimizing two of the greatest risks in corporate operations - human error and executive self-interest.
Click 'Read More' for the report.

Huobi Global has adjusted the fixed withdrawal fee of all ERC20-based tokens to the dynamic one at 02:00 UTC on June 25, 2019. From that time, the system is able to automatically calculate a reasonable withdrawal fee for ERC20-based tokens according to the price fluctuation of ETH.

Monitored by CoinNess.com, from 00:00 to 02:00 (UTC) on June 25, BTC registered a net inflow of more than $57 million in the past two hours.
1. The Top 3 net cap inflows in the crypto market are: BTC (+$57.14 mln), LTC (+$19.25 mln), BCH (+$3.28 mln);
2. The Top 3 net cap outflows in the crypto market are: ETH (-$6.39 mln), BNB (-$3.63 mln), XRP (-$3.22 mln).
For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.

As reported by CoinNess.com earlier, Ebang, the third largest mining equipment producer, lets its Hong Kong listing application lapse for a second time. The mining giant considers looking to launch the IPO in the US, which means that three mining equipment producers (Bitmain, Canaan, and Ebang) attempted to be listed in Hong Kong plan the application of IPO in the US.

Citing the official release, the crypto trading platform biger has already enabled the deposit and withdrawal of DUSD at 08:00 UTC on June 24. The platform will launch the DUSD/USDT trading pair at 08:00 on June 25.

The number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko Sentral ng Pilipinas, there are 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority.

Facebook's announcement has already gained considerable interest from regulators across the board. Jerome Powell, the chairman of the U.S. Federal Reserve who previously said that his agency has no jurisdiction over cryptocurrency, already has met with Facebook to learn more about Libra. And just a day after the news hit, the Senate Banking Committee announced plans to host a hearing about Libra next month.
"The thing we may see from Congress is really pressing [Facebook] on what is really your purpose here? What is your use case?" said Timothy Massad, the former chairman of the U.S. Commodity Futures Trading Commission. "There will be a lot of skepticism in Congress about that."

Economist Stephen Moore, who recently lost out on a bid to join the board of the Federal Reserve, is now looking to start his own mini-Fed through the creation of a cryptocurrency product that is billing itself as "the world's decentralized central bank," FOX Business Network has learned.
Moore has joined a group of entrepreneurs who are starting what they describe as a new type of central bank they believe will stabilize cryptocurrencies like Bitcoin and its myriad of imitators, according to an investor pitch deck obtained by FOX Business and interviews with people associated with the effort.

According to the data of OKEx's contract, as of 00:00, June 25 (UTC), among the rich accounts of OKEx Bitcoin quarterly contract, the proportion of long positions (18.77%) is less than that of short positions (23.07%), with a gap of 4.30%.
Among the rich accounts of OKEx Ethereum quarterly contract, the proportion of long positions (21.23%) exceeds that of short positions (19.30%), with a gap of 1.93%.
At present, the number of BTC contract positions is nearly 56,700 BTC and the number of ETH contract positions is nearly 722,300 ETH, both of which see a decrease compared with the previous day.

The American Institute of Certified Public Accountants (AICPA) has proposed a new set of standards for audit evidence including accommodation for blockchain-based data, according to a report by trade publication Accounting Today on June 24.
The new proposal, the so-dubbed Proposed Statement on Auditing Standards (SAS), Audit Evidence, will purportedly set guidelines on how preparers and auditors should evaluate audit evidence that is based on new tech such as blockchain and data analytics.
Click 'Read More' for details.

Synthetix, a synthetic asset issuance platform built on Ethereum, experienced an oracle attack which netted the attacker over 37 million sETH, according to Etherscan. However, the true dollar value is difficult to calculate at this time given the relative illiquidity of sETH on secondary markets.
In a statement made in the Synthetix Discord channel, CEO and co-founder Kain Warwick noted, "There has been an incident with the price feed of sKRW, we are currently investigating the root cause, but during the time when the price feed was returning the wrong value we believe an automated arb bot converted into sKRW and then into sETH."

TrustToken, the company behind TrueUSD, has launched a Hong Kong dollar-pegged stablecoin in order to tap the lucrative Asian market.
Announced on June 24, the company has partnered with Legacy Trust, a Hong Kong-licensed crypto custodial service, to hold the fiats that collateralize TrueHKD. This is the first custodial partnership of the company outside the United States.

1. BiKi.com will list CPYT at 06:00;
2. A hearing for the case, Binance CEO CZ Sues VC Giant Sequoia for reputational damages, will take place on this day;
3. MC Wallet withdrawal to Aladdin Wallet will resume.

One recent study found that more than ten percent of South Africa's Internet users own cryptocurrency, twice the global average. Twenty-five percent of young South Africans own crypto, the highest rate in the world. As in most economically stressed countries, the affluent do not trust the national fiat, although it is worth noting that inflation has been relatively low for quite some time.

The team inside Facebook (FB) developing its new Libra cryptocurrency platform has at least one friend inside President Donald Trump's inner circle.
"It's interesting, because this [Facebook's Libra] represents a new challenge for central bankers that they now have competition from private currencies," conservative economist, Trump confidant and fellow at The Heritage Foundation Stephen Moore told Yahoo Finance.
Moore contends he has been "studying up on cryptocurrencies" and that central bankers best realize a world with credible cryptos "is coming." "I think on balance it's a good thing [Facebook's Libra]," Moore added.

[Policy]1. Facebook Libra hearing is scheduled on July 17;
2. US's FinCEN and G20 countries could adopt FATF's crypto guidance;
3. The Australian Tax Office has allocated $1 billion to fight tax avoidance with particular emphasis on cryptocurrency trading;
4. Australian Taxation Laws make crypto investor pay $100,000 for assets worth only $20,000.
[Cryptocurrency]
1. EOS-based AI platform Effect Force will be migrated from the NEO chain to EOS in July.
[Exchange & Wallet]
1. Kraken has concluded its sales of equity on June 22, claiming approximately $13.4715 million, which is about 86.6% of its target at $15.54 million.
[Others]
1. The National Cancer Institute, an agency within the U.S. Department of Health and Human Services, has approved a project to create a blockchain-based system to share clinical data;
5. SWIFT say they are planning to use blockchain within their global payment system;
6. Cheju Island in Korea will complete the blockchain construction roadmap.

Citing information from Huobi Global's official website, the exchange has given a threefold leverage to IOST/USDT; fourfold leverage to BCH/BTC; fourfold leverage to LTC/BTC; fivefold leverage to XRP/BTC and ETH BTC.
Besides, Huobi Global also lifted the maximum loaning bar to users on certain leverage trading pairs.