Aptos Labs CEO Avery Ching Attends US Congressional Hearing, Emphasizes that Digital Assets are Powering the Next Generation Infrastructure

On June 6th, based on HTX market data, Bitcoin witnessed a rebound and succeeded in breaking through $104,000. The 24-hour decrease was narrowed to 0.81%.

On June 6th, during pre-market trading, U.S. stocks related to cryptocurrency witnessed a surge. These included: · Strategy increased by 1.69%; · Coinbase rose by 1.76%; · MARA Holdings rose by 1.81%; · Riot Platforms rose by 2.45%; · BTCS rose by 2.77%.

June 6th: The U.S. stock Yext, which is a logistics technology group, saw a 4.86% increase in pre-market trading, and its market value reached $347 million.
Before this, Yext Logistics announced a digital asset reserve strategy, aiming to acquire up to 15,000 bitcoins.

On June 6th, IOST announced the accomplishment of a $21 million strategic round of financing. DWF Labs, Presto, and Rollman Management Groups participated in this round. This investment was carried out through a customized allocation mechanism designed to coordinate incentive measures and support the sustainable growth of the network. This strategic capital will drive the upcoming product launches, enhance ecosystem integration, and strengthen IOST's leading position in the RWA 3.0 innovation space.

On June 6th, the blockchain insurance technology firm Otonomi announced the successful completion of a new financing round worth $3.4 million. This financing was spearheaded by ATX Ventures, and it saw the participation of GSR Ventures, Greenlight Re Innovations, Punja.VC, Altari Ventures, Soundboard Venture Fund, Blackhorn VC, Bering Waters, REFASHIOND Ventures, and others. The fresh funds are earmarked to facilitate the development of a blockchain-driven parametric cargo platform, with the aim of reducing management costs by 90% and enhancing claims processing time and efficiency. Otonomi was founded in 2020 by CEO Yann Barbarroux and Co-Founder & CTO Jeremy Sutton. Based in Brooklyn, the company concentrates on cargo insurance. It was the first to bring parametric cargo delay insurance to the market - a speedy, transparent, and automated delay insurance product - capable of settling claims in just 45 minutes (as opposed to 45 days) and reducing management costs by up to 90%.

On June 6th, Domain Logistics Technology Group, a company listed in the US, announced that it has reached a Bitcoin Acquisition Agreement with a Bitcoin institutional investor group (hereinafter referred to as the "BTC Investor"). According to the agreement, Domain is able to purchase up to 15,000 bitcoins from the BTC Investor, with a maximum total transaction amount of up to $1.5 billion. The payment will be made by issuing common stock of the company to the BTC Investor. The actual number of shares issued will be determined through negotiations between both parties and will take into account factors such as the Bitcoin price, the company's stock price, and trading volume. The company stated that this strategic acquisition will assist in establishing the company's digital asset reserves, further enhance its balance sheet, and promote the development of its core businesses, including the integration of decentralized finance (DeFi), the tokenization of logistics assets, and smart cont