Encryption Morning Report: Ant Group plans to apply for stablecoin licenses in Hong Kong and Singapore, Backpack initiates WCT Airdrop distribution event.

Author: Deep Tide TechFlow

Market Dynamics Yesterday

The number of initial jobless claims in the United States for the week ending June 7 is 248,000.

According to Jinshi data report, the number of initial jobless claims in the U.S. for the week ending June 7 was 248.( thousand, expected to be 240 thousand, and the previous value was 247 thousand.

U.S. President Trump suggested that the Federal Reserve lower interest rates by 200 basis points.

According to Jinshi Data reports, U.S. President Trump suggested that the Federal Reserve lower interest rates by 200 basis points.

Singapore regulators urge unlicensed crypto trading platforms to swiftly exit operations in the country.

According to Bloomberg, Singapore’s regulatory authorities have issued a final warning urging major cryptocurrency exchanges operating in the country without local licenses to exit swiftly.

Backpack initiates WCT airdrop claiming activity for badge holders.

Backpack is launching a WCT airdrop event for badge holders, which will take place from June 12, 2025, 08:00 to June 18, 2025, 08:00 Beijing time. During the event, users with Challenger, Diamond, or Platinum levels can connect their Backpack wallet (browser extension or mobile) to their Backpack exchange account to claim. Additionally, over 500 users from other levels will be randomly selected to gain eligibility.

Previously, Backpack distributed badge airdrops to eligible users based on their participation in the first season points activity to thank users for their long-term support. This WCT airdrop is the second airdrop from Backpack aimed at badge holders.

It is reported that the Backpack next season points event has not been officially announced yet, please stay tuned. Currently, the Backpack “Season Side Story: Month of Benefits” series of events is underway, and the first event module, the Daily Trading Competition, has started. Participate in trading to share the daily prize pool.

OpenSea announced that it will completely shut down the OS1 version on June 16 and will disable features such as “Deals” in the OS2 update.

According to Blockworks, OpenSea announced that it will completely shut down version OS1 on June 16, and the new version OS2 will not retain several features including Deals (custom trades), English auctions, testnet support, and shopping cart. OpenSea stated that the Deals and English auction features were removed due to low usage.

This decision has sparked controversy in the community, with several users expressing concerns that the removal of the Deals feature will increase trading risks. OpenSea’s Chief Marketing Officer, Adam Hollander, explained that this feature is incompatible with the ERC 721-C contract that mandates royalties, resulting in an inconsistent product experience.

Binance Wallet will launch the exclusive TGE of SGC on June 13.

According to the official announcement, Binance Wallet will launch the exclusive TGE of SGC on June 13, 2025, from 4 PM to 6 PM )UTC+8(.

Eligibility for Subscription: Eligible users must participate using Binance Alpha Points.

An additional 300,000,000 SGC will be used for future activities, with specific details to be announced later.

Bloomberg: Ant Group plans to apply for stablecoin licenses in Hong Kong and Singapore.

According to Bloomberg, Ant Group’s international division is planning to apply for a stablecoin license in Hong Kong and Singapore.

Tether acquires nearly 32% stake in gold royalty company Elemental Altus

According to the official announcement, Tether Investments announced on June 12, 2025, that it has acquired approximately 31.9% of the shares of Canadian gold royalty company Elemental Altus, totaling 78,421,780 common shares. At the same time, Tether also signed an option agreement that gives it the right to purchase an additional 34,444,580 shares of the company after October 29, 2025.

Tether CEO Paolo Ardoino stated that this investment is an important step for the company to deepen its financial infrastructure strategy supported by hard assets such as gold and Bitcoin, aiming to build a more resilient and transparent financial system. It is reported that Tether Group holds over 100,000 Bitcoins and nearly 80 tons of physical gold, and has issued the physically gold-backed Tether Gold )XAUT( token.

Trident announces a $500 million financing plan for the XRP treasury and appoints a new strategic advisor.

According to StreetInsider, Singapore-based technology optimization service company Trident (NASDAQ: TDTH) has announced a financing plan of up to $500 million to establish XRP reserves and has appointed Chaince Securities LLC as a strategic advisor.

DeFi Development Corp. secures $5 billion equity quota

According to official reports, DeFi Development Corp. (NASDAQ: $DFDV) announced today that it has secured a $5 billion equity line. This line will enable the company to raise funds flexibly at optimal times, accelerate the accumulation of $SOL tokens, and enhance the value of each SOL (SPS) share. Unlike traditional equity offerings, this equity line allows the company to avoid price lock in volatile markets while increasing validator yields and enhancing long-term shareholder value. The company stated that its core objective is to maximize each SOL (SPS).

Market Dynamics

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