PANews

PANews June 16 report, Humanity has revealed the recovery plan following the $H hack incident. All original $H tokens on Ethereum, BSC, and the Humanity Mainnet have been delisted, and a new audited ERC-20 contract has been deployed on Ethereum. A 1:1 airdrop of the new $H tokens will be issued to qualified addresses based on the pre-attack snapshot balances (including holdings across all three chains). Addresses linked to the North Korean attackers are excluded from the airdrop. Users who bought in after the snapshot and still hold can claim through the official compensation fund and KYC process. The Humanity Mainnet will restart using the new $H as the Gas token, and the team is coordinating with major CEXs, bridges, and liquidity providers for the migration.

Written by: Tai Le Tyler
Lately, I've been a bit hooked on Vibe Coding.
It's not that kind of obsession where I want to create an amazing product, but rather a sudden realization that many little ideas that have been stuck in my head can actually be brought to life bit by bit.
As everyone knows, Vibe Coding is about using natural language to command AI to write code for you and churn out products.
I usually use Codex and Claude Code clients in tandem to describe requirements and functionality modules. They help me write code, and when the budget runs low, I switch to CLI to connect with DeepSeek API and keep it running.

PANews June 16 news, according to Bloomberg, African fintech company Flutterwave has sold a portion of its equity to blockchain company Ripple, boosting Flutterwave's latest valuation to around $3.3 billion. Flutterwave CEO Olugbenga Agboola did not disclose the specific funding amount or Ripple's shareholding percentage, only stating that the company secured cash injections and deeper access to Africa's payment infrastructure. Ripple offers crypto payment solutions in over 90 countries and has recently partnered with South Africa's Absa Bank, Chipper Cash, and others; Flutterwave operates in 35 African countries and launched a stablecoin-based payment service last year. This equity investment will be used to accelerate its cross-border payment and digital asset business expansion.

PANews June 16 report, Bloomberg ETF analyst Eric Balchunas stated that the first day trading volume for the SpaceX-related 2x long ETF exceeded $1 billion, with products issued by LeverageShares accounting for approximately $281 million, setting a new record for first-day ETF trading volume since the launch of the Bitcoin spot ETF IBIT, surpassing the performance of ETHA and DRAM. Analysis indicates that a total of 11 leveraged ETFs tracking SpaceX launched simultaneously, with even the product with the least volume achieving around $26 million on its first day, far exceeding the traditional ETF debut threshold of $1 million considered a 'success', indicating a strong trading demand from retail investors for leveraged SpaceX assets.

PANews June 16 - According to Bloomberg, AI note-taking hardware startup Plaud is gearing up to launch a new AI agent-enabled wearable device later this year, targeting around $500 million in sales by 2026. Plaud's current lineup includes the Plaud Note, which sticks to the back of your phone, and the Plaud NotePin, which can be clipped to clothing or worn around the neck or wrist, starting at $159. With their mobile app, users can transcribe about 300 minutes of audio for free each month. The new device is expected to have a battery life of at least 8 to 12 hours and may include cellular connectivity for “always-on” voice interaction and AI features. Plaud claims over 2 million users, with 80% of their business coming from the U.S., Japan, and Europe. The company uses a model-agnostic strategy, employing an internal evaluation team to select the optimal transcription model for different languages.

PANews June 16 news, according to Reuters, online trading platform Robinhood (NASDAQ: HOOD) announced it will cut about 10% of its full-time staff and close a few remaining open positions. The company expects to recognize about $20 million in restructuring costs in Q2, mainly for employee severance and benefits compensation, plus around $8 million related to stock-based compensation costs.

PANews June 16 report, SpaceX (SPCX.O): If the trade gets axed under specific conditions, SpaceX has to fork over $4 billion to Anysphere as total regulatory fees.

PANews reported on June 16 that multiple investment firms have learned that DeepSeek's first round of funding is likely finalized. Founder Liang Wenfeng's personal investment is around 20 billion yuan, making him the largest single investor in this round; Tencent has contributed about 10 billion yuan; the CATL system has invested around 5 billion yuan, which includes CATL and Puxuan Capital; NetEase, JD.com, Monolith Lisi Capital, and IDG Capital have each put in about 3 billion yuan; Zhengxin Valley Investment and Shixiang Technology have each invested around 1.5 billion yuan.

On June 16, PANews reported that Tether has signed a Memorandum of Understanding (MoU) with the Dubai Multi Commodities Centre (DMCC) to collaborate in areas like asset tokenization, digital asset education, and blockchain applications. DMCC, based in Dubai, hosts over 26,000 companies and accounts for about 15% of Dubai's foreign direct investment. The two parties plan to offer blockchain-focused workshops, tailored consulting, digital asset pilot projects, and tokenization solutions for DMCC businesses, while also exploring ways to enhance the experience and infrastructure of companies in the park through peer-to-peer digital communication and payment systems. Tether will also participate in educational programs and hackathons via the DMCC Crypto Centre to promote blockchain knowledge dissemination and compliance innovation.

PANews June 16 news, U.S. SEC filing shows that SpaceX (SPCX.O) will acquire Anysphere through a merger. The equity valuation for Anysphere is set at $60 billion.

On June 16, PANews reported that Bitwise's Chief Investment Officer, Matt Hougan, stated that the debate over whether Bitcoin has "hit bottom" is the "wrong question" for long-term investors. The real focus should be on whether the peak of this cycle has yet to occur. Galaxy Digital, NYDIG, and Standard Chartered have contrasting views: Galaxy assesses that the bottom range for Bitcoin is between $30,000 and $54,000 based on 13 indicators; NYDIG believes the current pullback exhibits characteristics of a cycle bottom but lacks extreme 'capitulation' selling, and institutional demand could alter the cycle structure; Standard Chartered, on the other hand, asserts that $59,000 is the bottom for this cycle and maintains a target of $100,000 for Bitcoin within the year. All three parties anticipate that the bottom will emerge this year before the next peak, followed by a new bull market.

PANews June 16 news, according to the IMF website, Nigerian residents and SMEs are heavily using dollar-pegged stablecoins via mobile wallets for cross-border payments, becoming a significant payment channel. The International Monetary Fund (IMF) cited data indicating that Nigeria received around $59 billion in crypto inflows from July 2023 to June 2024, which accounts for about 60% of stablecoin inflows into Sub-Saharan Africa since 2019, consistently ranking high in Chainalysis's global crypto adoption index. The article notes that stablecoins play a role in alleviating high costs and slow settlement times of traditional cross-border payments but intensify the risks of digital dollarization, weaken monetary policy transmission, and heighten the challenges of regulating anti-money laundering and illicit fund flows. The IMF recommends Nigeria to tackle these issues by solidifying local currency stability, enhancing the regulatory framework for stablecoins, improving blockchain data monitoring, and upgrading cross-border payment infrastructure.

PANews June 16 news, SpaceX's stock price has been on a steady rise post-IPO, with pre-market trading on Tuesday seeing gains of over 10%. If this holds until market open, the three-day cumulative gain will surpass 50%, pushing its market cap close to $2.8 trillion, potentially making it a contender for the top five global market valuations, surpassing Amazon. According to Vanda Research, retail trading on the first two days of SpaceX's IPO equated to the total retail buying across the entire U.S. stock market last week. Within just a few hours of the morning session, the stock's trading volume exceeded $1.16 billion, outpacing the combined volumes of Nvidia, Microsoft, Tesla, and Apple. The company and underwriters have exercised the 'greenshoe option' to issue an additional 83 million shares, bringing the total IPO financing to around $86.2 billion. SpaceX has previously integrated xAI with the social platform X, encompassing operations like Starlink, rocket launches, and AI computing power.

PANews June 16 report, according to Xinhua News Agency, US President Trump stated on the 16th that the US and Iran have successfully signed a memorandum of understanding online, and the negotiations for the US-Iran agreement have now entered the second phase, "this should be easier than the first phase." He also mentioned that the US will not invest any funds in Iran.

PANews reported on June 16 that Binance will delist and halt trading for the spot pairs ADX/BTC, AEVO/USDC, DOT/BNB, KAVA/BTC, WBTC/ETH starting from June 19, 2026, at 11:00 (UTC+8). This is just a delisting of trading pairs and won't affect the availability of the related tokens on Binance's spot market; users can still buy and sell these assets through other trading pairs on the platform.

PANews June 16 news, according to Bloomberg, Wyoming has officially launched the Frontier Stable Token (FRNT), pegged 1:1 to the US dollar, making it the first state in the US to issue a state-level stablecoin, currently with a circulating supply of about 1 million tokens. This coin is managed by the State Stablecoin Committee, backed by cash and US Treasury bonds, aiming to cover development costs and establish a 2% reserve, using bond interest to fund local public schools. Kraken has provided trading and custody services for FRNT, and around 20 states along with several overseas territories are in talks with Wyoming for a tech white label partnership. Supporters hope FRNT will become a tool for interstate and even international settlements, while critics question its commercial viability and the impact on the traditional banking system.

Today's News Highlights:
Michael Saylor proposes a five-layer architecture for modern digital asset stacks
DeepSeek completes record funding exceeding $7 billion, valuation surpasses $50 billion
Karma3 Labs and its OpenRank protocol will cease operations, remaining capital will be returned to investors
Analyst: Binance Bitcoin futures cumulative trading volume approaches $800 trillion
Crypto market is eating into US stock liquidity: SpaceX shares have traded at 10.3% of Nasdaq, with daily volume exceeding $5.4 billion
AI-powered Alipay 'A-Bao' officially launched
SpaceX's market cap nears $2.9 trillion, just $100 billion short of surpassing Microsoft

Author: Jae, PANews
A traditional bank's research report has ignited the somewhat quiet DeFi scene.
Geoff Kendrick, the Global Head of Digital Assets Research at Standard Chartered Bank, released his first coverage report on the DEX (Decentralized Exchange) Uniswap on June 15, providing an aggressive prediction that caught the crypto market's attention: Uniswap's governance token UNI is expected to surge nearly 40 times, hitting the $100 mark by the end of 2030.
At that time, UNI was trading at approximately $2.6.
Once mocked as an 'air governance token', UNI is now being repriced by Wall Street as a productive asset with network effects. While the 40x long-term narrative is enticing, the journey to that destination may not be a smooth ride.

PANews, June 16 - According to Lookonchain, Circle just minted 1 billion USDC on Solana today, bringing the total issuance on this blockchain to 3.5 billion USDC over the past week.