Odaily News Vietnam's National Assembly approved the Digital Technology Industry Act on June 14, bringing digital assets under regulatory jurisdiction. The bill will take effect on January 1, 2026, recognizing crypto assets and laying the foundation for broader digital innovation across Vietnam. It is reported that the bill divides digital assets into two categories: virtual assets and crypto assets. Although both rely on encryption or digital technology for verification and transfer, neither includes securities, digital legal tender or other financial instruments. The current task of regulators is to outline the specific business conditions, classification and supervision mechanisms for these types of assets. (Cointelegraph)

Odaily News According to @ai_9684xtpa, the “Ethereum 1C0 1 million ETH whale” has deposited 15,790.6 ETH to #OKX since May 26, with a total value of $40.79 million, a deposit price of $2,583, and a cost as low as $0.31. In the past 24 hours, he sold ETH worth $5.03 million, and currently holds 37,829 ETH.

Odaily News According to Onchain Lens monitoring, a whale withdrew/bought 8,500 ETH from Bitget in the past 24 hours, worth US$21.49 million.

Odaily News OKX market data shows that BTC briefly fell below 105,000 USDT and is now at 104,985.3 USDT, with the 24-hour increase narrowed to 0.02%. (This newsletter is generated with the assistance of AI)

Odaily News Deng Jun, deputy dean of the School of Finance at the University of International Business and Economics, and Zhang Shuyu, associate professor of the School of Economics at Beijing Technology and Business University, wrote an article in the China Economic Times, which is hosted by the Development Research Center of the State Council, entitled "The Challenges and Impacts of Cryptocurrencies on Global Financial Governance". They pointed out that the challenges and impacts of cryptocurrencies on global financial governance are far more than just technical or speculative issues. Instead, they are about sovereign credit, the future form of the monetary system and the profound transformation of the global governance model. We should promote the construction of a global digital currency governance mechanism that is inclusive, coordinated and enforceable: First, we can start from the "intersection of interests" to avoid excessive ideologization; second, we can try to build a more flexible governance structure to form an international cooperation model of "bottom-line governance"; third, we can gradually accumulate mutual trust and reduce the difficulty of cooperation through informal dialogue mechanisms, academic exchanges and cooperation between think tanks.

Odaily News Hong Kong Financial Secretary Paul Chan Mo-po published the Secretary's Essay "Speeding Up and Sailing Steady", which pointed out that the development of digital assets has driven the business related to financial institutions. Last year, the total transaction volume of digital assets and related products of local banks in Hong Kong reached HK$17.2 billion, and the total amount of digital assets in custody of banks reached HK$5.1 billion at the end of last year. The previously proposed "Stablecoin Ordinance" has been passed by the Legislative Council. Hong Kong has steadily and prudently promoted the development of stablecoins, providing a new paradigm for the global stablecoin market. It is also reflected in the functions of firewalls and test fields under the "one country, two systems" principle, providing experience and reference for national financial development. For example, Hong Kong has adopted a more open model, allowing licensed issuers to choose different legal currencies as the anchor legal currency for issuing stablecoins, which is conducive to attracting more local institutions around the world to issue stablecoins in Hong Kong according to actual application scenarios, which will greatly improve the liquidity of related activities and the competitiveness of the Hong Kong market.