Philippine Central Bank Tightens Cryptocurrency Regulation: Bans Privacy Coins Altogether
June 15 – The Central Bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) has unveiled a new Virtual Asset Regulatory Guide, mandating strict due diligence and asset reviews for all licensed Virtual Asset Service Providers (VASPs) before they list or trade any cryptocurrency, aimed at boosting financial stability and consumer protection.
The rule explicitly bans "enhanced anonymity virtual assets" — namely privacy coins like Monero and Zcash — from being listed or traded on compliant platforms, meaning privacy-focused cryptos will be removed or disabled from local regulated exchanges.
The guidelines also require exchanges to continuously monitor listed assets and set delisting triggers, including declining liquidity, project team risk events, technical security flaws, insufficient transparency, or suspected fraud.
This policy is the latest step in the Philippines’ ongoing crypto regulatory crackdown over the past year. Earlier, the Philippine Securities and Exchange Commissio
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U.S. Stock Futures Rise Pre-market, Optical Communication Sector Up Across the Board, MRVL Up 4.86%
June 15: According to Bitget market data, U.S. stock pre-market trading showed a broad advance in the optical communication sector, with stock movements as follows: MRVL up 4.86%, POET up 5.19%, LITE up 4.73%, Nokia up 2.23%, and Corning up 4.77%.
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Tencent Invests in Alibaba's Former Qwen Head Junyang Lin's AI Lab, Valued at $2 Billion
June 15 — Per a report from The Information, industry insiders have revealed that Chinese tech giant Tencent has invested in a new AI laboratory founded by Lin Junyang, a former core member of Alibaba’s Qwen large language model (LLM) team.
In Lin’s Series A funding round, Tencent contributed $20 million. The round raised a total of hundreds of millions of dollars, with a post-money valuation of approximately $2 billion. Sequoia China and Matrix Partners co-led the round, each committing $100 million. Now that this first round has closed, Lin is actively pursuing financing for his next phase of growth.
Prior to this deal, Tencent had already backed several other domestic Chinese LLM developers, including Dark Side of the Moon, MiniMax, and Wise AI. The company is also participating in the latest funding round for DeepSeek.
Lin stepped down from his role at Alibaba in early March this year. The split stemmed from disagreements with Alibaba over a proposed team restructuring plan, lea
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Executives from NVIDIA, Adobe, and other companies have urged the Trump administration to lift restrictions on Anthropic's most powerful AI model.
June 15: Cybersecurity executives at U.S. companies including Nvidia and Adobe have urged the Trump administration to lift restrictions on Anthropic’s most powerful AI model, noting that these bans have hindered efforts to prevent the spread of digital attacks. (Jinse)
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The US and Iran Reach Peace Agreement Boosting Global Markets, but Crypto Market Reacts Cautiously
June 15 — Over the weekend, the U.S. and Iran reached a peace agreement that cleared the way for reopening the Strait of Hormuz. This development pushed international oil prices down by more than 4%. In the Asia-Pacific markets, equities traded mostly higher, with Japan’s Nikkei 225 index hitting a new all-time high. However, the crypto sector saw only modest gains: Bitcoin rose roughly 3.4% over the weekend but still hovered near the $66,000 mark, and Ethereum mirrored that performance. Markets remain skeptical about the sustainability of this U.S.-Iran agreement.
Analysts point out traders are hesitant to place large bets here, given multiple past ceasefire agreements have collapsed. Derivative data shows Bitcoin’s open interest has risen to $17.4 billion — a tentative sign institutional interest is picking up — though the funding rate stays low, indicating limited demand for market leverage.
Additionally, SpaceX’s recent IPO surge and preparations for OpenAI and Anthropic’s upcomi
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Opinion: Draft Details of US-Iran Memorandum of Understanding Still Remain Highly Uncertain
On June 15, CNBC reported that the United States and Iran have reached a Memorandum of Understanding (MoU) to end nearly four months of hostilities. Both sides have agreed to halt hostile actions and move forward with subsequent peace talks.
Markets responded swiftly to the development: stocks rallied, while oil prices and U.S. Treasury yields fell simultaneously.
The agreement has not yet been formally signed, and its full text has not been made public. Iran’s side stated the draft is finalized, with a signing ceremony scheduled for Friday in Geneva. It declared, “War has permanently and immediately ended on all fronts.” U.S. President Trump added that he will lift the U.S. naval blockade on Iran and work to de-escalate related military deployments.
Key terms of the deal include a 60-day extension of the ceasefire to facilitate framework negotiations on Iran’s nuclear program, sanctions relief, and regional security. A major sticking point: Iran reportedly demanded the U.S. release
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