OKX officially announces its entry into the German and Polish markets

BlockBeats informed on June 17th that the Nasdaq-listed Bitcoin financial services firm Fold Holdings, Inc. (NASDAQ: FLD) declared that it had reached a $250 million equity purchase agreement. The net proceeds would mainly be employed to increase the company's treasury with more Bitcoin. Previously, as reported by BlockBeats, on March 7th, Fold augmented its Bitcoin holdings by 475 BTC through convertible notes, raising its Bitcoin reserves to 1,485 BTC. This signified an almost 50% increase in holdings and positioned Fold among the top 10 U.S.-listed companies in terms of Bitcoin holdings.

BlockBeats discloses that on June 17th. As per TheBlock, the Web3 AI data infrastructure platform PublicAI has successfully completed an $8 million Series A financing round. The investors comprise Saudi Telecom Group, Blockchain Builders Fund, Tykhe Blocks Ventures, NEAR Foundation, Taisu Ventures, MH Ventures, YGG, CSP DAO, IBC Group, G20, Whitewater Labs, and UXLink. Previously, PublicAI had obtained $2 million in seed funding from IOBC Capital, Foresight Ventures, and the Solana Foundation. PublicAI intends to launch the world's first decentralized brainwave data collection device, HeadCap, with the aim of promoting the next generation of brain-computer interface (BCI) technologies.

BlockBeats announced on June 17th that Eigen Labs declared the launch of the Ethereum re-staking protocol EigenCloud. A16z crypto made a $70 million investment by directly purchasing EIGEN tokens. EigenCloud aims to extend blockchain-level trust guarantees to any platform operating Web2 or Web3 applications and create new fee streams to support staking rewards. The Alpha release of EigenCloud will happen simultaneously with performance upgrades to EigenDA, achieving a throughput of 50 MB per second on the Ethereum testnet.

BlockBeats has reported that on June 17th. According to Businesstimes, Malaysian Prime Minister Anwar Ibrahim announced the launch of the "Digital Asset Innovation Center" at the 2025 Sasana Symposium. This regulatory sandbox, which is led by Bank Negara Malaysia, will allow for the testing of innovative applications like Ringgit-backed stablecoins and programmable payments. The aim is to position the country as a regional fintech hub. Bank Negara Malaysia Governor Abdul Rasheed Ghaffour stated that the central bank is simultaneously upgrading the Rentas payment system, exploring cross-border payment interoperability, and asset tokenization. Previously, on April 23rd, the Malaysian Prime Minister met with Binance founder CZ to promote the adoption of blockchain and tokenization. This meeting highlighted Malaysia's aspiration to become a regional hub for blockchain innovation.

According to BlockBeats, on June 17th, analysts from the financial website Forexlive pointed out that before the release of the U.S. May retail sales data, the market's pricing for a Fed rate cut by the end of the year was 49 basis points. After the data was released, it slightly changed to 48.5 basis points. The FOMC meeting is scheduled to announce its rate decision at 2 a.m. Beijing time on Thursday, and retail sales data is one of the key points for discussion. The report showed an overall weak performance. However, the control group, which is the best indicator of consumer conditions, performed slightly better than expected, and the previous value was also upwardly revised. Overall, this is still a challenging report to interpret because there was a sharp sales spike in March due to tariff concerns, followed by two consecutive months of declines. (Jin Shi)

On June 17th, based on Santiment data, although the number of large Bitcoin holders has decreased over the past three months, the Bitcoin network has added 622 wallets holding more than 10 BTC in the past four weeks. This indicates that whales are returning to the market.