Binance Alpha points reaching 240 will qualify for an airdrop of 2000 SPK.

On June 17th, according to Bitcoin News, the Brazilian Bitcoin Reserve Bill "PL 4501/2023 or PL 4501/2024" has successfully passed its first committee review. This bill proposes the establishment of a "Sovereign Strategic Bitcoin Reserve," with the allocation of up to 5% of foreign exchange reserves to Bitcoin. Once this bill is implemented, Brazil will become the second Latin American country, following El Salvador, to establish a legal BTC reserve. In March, Pedro Giocondo Guará, the Chief of Staff to Brazil's Vice President, stated that the "Sovereign Strategic Bitcoin Reserve" is of great significance to national prosperity and is a matter of public interest. He referred to Bitcoin as "the gold of the internet."

BlockBeats informs that on June 17th. According to Bloomberg, informed investors disclosed that Musk's artificial intelligence company xAI is in negotiations to raise $4.3 billion through equity financing. The funds previously raised have mostly been used up, and the new funding will be utilized to support the continuous development of its AI chatbot, Grok. Recently, xAI also attempted to raise $5 billion from debt investors to drive aggressive expansion.

On June 17th, based on market data, the stocks of cryptocurrency companies in the US opened mostly in a downward trend, while Circle maintained its upward momentum. The details are as follows: SRM Entertainment decreased by 14.8%. Tron announced yesterday that it would go public through a reverse merger with SRM Entertainment; SharpLink fell by 8.2%. Previously, it spent $463 million to purchase 176,271 ETH, making it the publicly-listed company with the largest holdings of Ethereum; Circle rose by 7.07%; Coinbase declined by 1.89%; Trump Media & Technology Group fell by 0.64%; Tesla dropped by 1.1%; MicroStrategy declined by 2.1%.

BlockBeats reports that on June 17th, based on market data, the three major U.S. stock indices opened lower. The Dow Jones Industrial Average decreased by 0.4%, the S&P 500 Index went down by 0.35%, and the Nasdaq Composite also declined by 0.38%.

It was reported on June 17, as cited by Cointelegraph, that Joey Bertschler, a former OpenAI employee, is developing a cryptocurrency-based instant payroll access system through his startup, Volante Chain. Joey Bertschler stated that part of the impetus for starting his own business was his disappointment with OpenAI's culture. Volante will enable employees to receive their daily wages on the same day instead of having to wait until the end of the month. Bertschler argued that the current payroll system "deprives you of the right to freely manage your money for 30 days," especially for those living paycheck to paycheck. The platform utilizes blockchain technology to ensure seamless record-keeping and ledger verification. Bertschler disclosed that Volante has raised approximately $2 million in funding from private investors, and with this capital, the company expects to be able to operate for five years without the need for additional investment.

BlockBeats made a report on June 17th stating that billionaire Mark Cuban hypothesized about the functionality of Trump's smartphone. He said, "I think the ingenious game they might be engaging in is embedding a crypto wallet within the phone. This wallet would support the Trump family-related crypto project WLFI, the TRUMP Meme token, and the stablecoin USD1. Any transactions carried out through it could generate fees for them. There are numerous means to sell products and preload it with any content they desire." Yesterday, the Trump Organization announced the launch of the T1 smartphone, which is priced at $499 and is expected to enter the market in September. Former U.S. President Donald Trump declared that the Trump phone will incorporate "American-made" hardware and services.