Japan is pushing to reclassify cryptocurrency as a financial instrument

On June 11, Paradigm-backed uncollateralized credit lending protocol 3Jane took to social media to announce its public launch, allowing users to mint USD3 and participate in liquidity mining to earn JANE tokens. Per reports, USD3 is a credit-backed yield-generating stablecoin with a $50 million supply cap; sUSD3 serves as the protocol’s collateralized counterpart, offering leverage exposure. JANE features a variable total supply, with its final token minting scheduled for 2026—estimated to range between 1.111 billion and 6.666 billion tokens. Currently, 100% of JANE emissions are allocated to liquidity providers, claimable every 7 days (subject to a vesting period) until the final minting event. BlockBeats previously reported that crypto lending startup 3Jane closed a $5.2 million seed funding round in June 2025, led by Paradigm.

June 11, the self-styled "White-Haired Stock God" Serenity posted on social media that LPK, a relatively obscure SpaceX supplier, appears in SpaceX’s U.S. import records. The post framed this as an interesting clue uncovered ahead of SpaceX’s IPO this week. However, specific details of the contract between the two parties remain unconfirmed. Serenity holds a personal stake in LPK, and emphasized her statement does not serve as financial advice. For context, LPKF Laser & Electronics SE is a German-based laser technology firm.

June 11 – Per Arkham Monitor, the wallet address "wenyu8888888" liquidated its full $5.7 million 2x short position in SPCX (SpaceX’s pre-IPO ticker), securing its place as the largest short seller of SpaceX.

On June 11, a research analyst at Critini Research responded to social media comments from "White Hair Stock God" Serenity—who held a bullish view on SIVE—stating: "I’m not a fan of SIVE. During my trip to Computex (the Taipei International Computer Show), I found that Ayar Labs didn’t use SIVE as its sole solution, but instead as just one of many available options. I still have not seen any third-party or authoritative data indicating that SIVE is superior to its competitors."

June 11 — A U.S. military attack has rendered the ceasefire “meaningless,” Iran’s Foreign Ministry announced, casting strong doubt on the feasibility of a ceasefire under current circumstances and noting that ongoing military conflict is significantly hindering diplomatic efforts. Meanwhile, sources indicate that despite intensifying nighttime clashes raising tensions, negotiations between the U.S. and Iran over a preliminary agreement are still proceeding as planned. Talks continued after overnight negotiation sessions, and the overall diplomatic process remains unbroken. The two sides are still engaged in active discussions on the preliminary deal, covering key topics including the arrangement of fund unfreezing mechanisms. (FX168)

June 11 – Crypto analyst Adler AM noted in his latest Bitcoin Morning Brief that Bitcoin’s mining economy is facing noticeable pressure, though it hasn’t hit the systemic capitulation levels seen in 2018 and 2022. The 30-day moving average (MA) Puell Multiple has fallen to 0.74, down roughly 11% over the 10 days from May’s end level of 0.83 as of June 10. The raw Puell Multiple is even lower at 0.58, signaling a sharp compression in daily miner revenue. This level lines up with the range seen in July-August 2024 (when BTC traded between $55K and $68K) but is still well above the extreme lows of 0.45 in late 2022 and 0.33 in 2018. Adler stressed the current environment remains in the “pressure zone” — not the “capitulation zone” — with a critical threshold at 0.50, a level that historically aligns with the mass miner shutdowns of 2022. Meanwhile, the P2MR (Price-to-Miner-Revenue) Indicator has plummeted from 160 to 80 — a 50% drop from its peaks in July 2025 and February 2021. Thi