Israel-Iran War Cost Israel $3 Billion, Losses May Increase
According to a statement by the Israeli Ministry of Finance and tax authorities, Israel’s losses from the 12-day conflict with Iran were estimated at approximately $3 billion. This figure includes the repair of damaged buildings and compensation payments to local businesses. This calculation, which excludes defense systems and weapons upgrades, is expected to reach up to $12 billion once finalized. The Bank of Israel may revise its 3.5% growth forecast for 2025 due to the war.
Brazilian Central Bank Seeks Public Comments on Virtual Asset Accounting Standards
The Central Bank of Brazil has published a draft regulation on the accounting definition, measurement, cancellation, and disclosure of virtual assets and utility tokens for financial institutions. This step aims to increase transparency and comparability. The public can submit comments until August 24, 2025.
China Renaissance Capital Allocates $100 Million to Web3 and Cryptocurrency
In a statement to the Hong Kong Stock Exchange, China Renaissance Capital announced that it has allocated a budget of $100 million to invest in stablecoins, RWA, and the crypto ecosystem over the next two years. The group has previously invested in the IPO processes of Circle and various crypto companies.
Hong Kong Publishes Digital Asset Policy Statement 2.0
The Hong Kong government announced that it will continue on its path with a new strategy, expanding its digital asset vision launched in 2022. The “Policy Statement 2.0” aims to create a digital asset ecosystem integrated with the real economy and social life through concrete applications of tokenization.
SEC Extends Deadline for Broker-Dealer Daily Reserve Rules
The US SEC has extended the transition period for Rule 15c3-3, which requires customer reserve calculations to be made daily instead of weekly, to June 30, 2026. The aim is to prevent operational challenges.
Citibank Faces $20 Million Crypto Fraud Lawsuit
A U.S. citizen has filed a lawsuit against Citibank, alleging that the bank failed to prevent a $20 million crypto fraud. The plaintiff claims that he invested in a fake NFT platform he encountered on Facebook and that the bank processed 12 suspicious transactions without detecting them.
Australia’s IBTC ETF’s BTC Holdings Reach 905
Monochrome Bitcoin ETF (IBTC) increased the amount of BTC in its portfolio to 905 as of June 25. This is equivalent to approximately 148 million Australian dollars in market value.
Moscow Exchange Prepares for Crypto Funds and Bonds
Following the launch of Bitcoin futures trading, the Moscow Exchange is preparing to introduce crypto index funds and structured bonds. The new Bitcoin index went live on June 10.
Cathie Wood’s ARK Invest sold 55,949 shares of Robinhood (HOOD), generating approximately $4.63 million in sales.
Trump Team Withdrew Liquidity and Transferred Funds
According to Lookonchain data, the Trump team withdrew 4.4 million USDC and 347,438 TRUMP tokens (worth 3.12 million dollars) in liquidity, bridging USDC to Ethereum and transferring the TRUMP tokens to a new wallet.
Cboe Submits Application for Canary PENGU ETF
Cboe BZX Exchange submitted Form 19b-4 to the SEC to list the Canary PENGU ETF. This application indicates that a new thematic crypto ETF may be on the horizon.
by Darkex Research – 1 min read
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