OKX to Launch SPK Perpetual Contract

On June 17th, it was reported that SRM Entertainment (NASDAQ: SRM) announced on the 16th that it had obtained $100 million in private equity funding and launched a TRX reserve strategy. The company issued 100,000 Series B preferred shares and 220 million warrants (with a conversion price set at $0.50), and the potential valuation reached $210 million. In addition, the company has rebranded as "Tron Inc", and TRON founder Justin Sun officially joined as an advisor. SRM's core strategy will focus on purchasing and staking TRX, while also promoting a shareholder dividend policy, marking the first establishment of a value link between TRX and U.S. stocks. After the announcement, TRX saw a short-term surge to $0.295, with an hourly increase of more than 9%. Bitunix analysts suggested that SRM's strategic shift to Tron Inc and its deep integration within the TRON ecosystem show clear bullish signals, which are likely to provide mid-term support for TRX prices. If the TRX reserve and dividen

On June 17, as per a report from BitcoinMagazine, the Thai Cabinet has given its approval to a five-year personal income tax exemption policy regarding the profits obtained from the sale of cryptocurrencies.

BlockBeats reported on June 17th. According to market information, cryptocurrency-related stocks demonstrated mixed performance during pre-market trading on the US stock market. Specifically: SRM Entertainment saw a 5.44% decline. Tron announced yesterday that it will go public via a reverse merger; SharpLink dropped by 0.67%. Previously, it spent $463 million to purchase 176,271 ETH, making it the public company with the largest Ethereum holdings; Circle rose by 4.38%; Coinbase decreased by 2.1%; Trump Media & Technology Group increased by 1.07%; Tesla showed a minor change of 0.53%; MicroStrategy fell by 2.01%.

On June 17th, the stablecoin startup Ubyx, which was founded by former Citigroup executive Tony McLaughlin, has successfully completed a $10 million seed funding round. This round was led by Galaxy Ventures and also involved participation from Founders Fund, Coinbase Ventures, Paxos, and VanEck. The company is committed to building a clearing system that connects stablecoin issuers with banks and fintech companies in order to address interoperability issues in payment scenarios. Ubyx intends to establish a global stablecoin acceptance network similar to Visa and Mastercard, enabling stablecoins issued by different institutions to achieve cross-platform circulation. Its system will support blockchains such as Solana, Base, Canton, and XRP Ledger. It has already formed partnerships with stablecoin issuers like Paxos and Ripple. The network is anticipated to become operational by the end of the year and will also support other forms of digital assets, including central bank digital curren

On June 17th, Binance will provide support for the THORChain (RUNE) network upgrade. The network upgrade is scheduled to occur at block height 21,574,000 and is estimated to start around 18:00 (UTC) on June 17th, 2025. During the network upgrade, Binance will suspend the deposit and withdrawal services for THORChain (RUNE) tokens.

On June 17th, as per a report from Cointelegraph, Bank of America has positioned Bitcoin as one of the most significant innovations of the past millennium, making a comparison of its influence with that of the Internet and electric vehicles.