Odaily Morning News

1. The U.S. Department of Justice has seized more than $400 million in assets related to the mixer Helix;

2. Trend Research has moved $109 million in funds to reduce liquidation risk, with ETH holdings currently showing an unrealized loss of $192 million;

3. Bitcoin has dropped to its lowest point since last November, with analysts suggesting it may further retrace to $70,000;

4. The Wall Street Journal: OpenAI plans to go public in Q4 2026, aiming to become the “first major generative AI stock”;

5. On Polymarket, the probability of “Kevin Warsh being nominated as the new Federal Reserve Chair” has risen to 79%;

6. The U.S. Senate Agriculture Committee has advanced the CLARITY legislation in a key procedural vote of 12:11 along party lines, awaiting review by the Banking Committee;

7. The Central Bank of El Salvador has spent $50 million to purchase gold, increasing its total gold holdings to a value of $360 million;

8. Trump has sued the IRS and the Treasury Department, seeking $10 billion in damages;

9. Trump will announce his pick for Federal Reserve Chair tonight (UTC+8);

10. Bit Digital will fully exit bitcoin mining and focus on Ethereum and AI infrastructure;

11. The Ethereum Foundation and Vitalik will establish a $220 million security fund, funded by “TheDAO”;

12. Russia will launch a crypto regulatory framework in July and allow retail participation.