1. Technology Headlines

1.1The first IEEE Global Blockchain Conference was held in Shanghai. The IEEE Blockchain China Office and Achievement Transformation Center were established, and Ant Financial was invited to share the latest developments in technology.

https://news.qq.com/rain/a/20250621A02XO600

From June 20 to 22, 2025, the first IEEE Global Blockchain Conference (GBC) with the theme of "Connecting the World, Linking the World - Building a Trusted Digital Future" was held in Shanghai. The IEEE Blockchain China Office was officially established and settled in Jing'an, and the IEEE Blockchain Conference Achievement Transformation Service Center was also established simultaneously. Ant Digital, as a leading blockchain technology company, was invited to give a keynote speech at the "Blockchain, Web3.0 and Metaverse Ecosystem" forum to share the latest progress in blockchain and integration with AI.

1.2Polygon Co-creation Spin-offs Business and Launches Independent Zero-Knowledge Project ZisK

https://www.theblock.co/post/358755/polygon-co-founder-spins-off-to-launch-independent-zero-knowledge-project-zisk

According to The Block, Polygon co-founder Jordi Baylina and his Polygon zkEVM team have transformed into an independent company called Zisk, just as the foundation is preparing to phase out the underused zero-knowledge Ethereum virtual machine network. ZisK will focus on low-latency, open-source zero-knowledge virtual machine (zkVM) proof technology. Blockchain provers are used to verify the validity of transactions or on-chain data without revealing the underlying information. According to Zisk's website, the project was incubated within Polygon Labs from May 2024 until it became an independent entity on June 13. As part of the Zisk spin-off, all intellectual property rights of Polygon zkEVm and its core team have been transferred to SilentSig Switzerland GmbH, a company wholly owned by Baylina. Baylina remains a co-founder and advisor to the Ethereum scaling solution.

1.3TRON Mainnet 4.8.0 version upgrade proposal opens for discussion, intends to support Ethereum Cancun upgrade

https://foresightnews.pro/news/detail/75884

The TRON mainnet version 4.8.0 upgrade proposal has been launched for discussion. This version is intended to support the Ethereum Cancun upgrade and optimize the consensus layer verification mechanism. According to the resolution of the core developer meeting, the proposal is expected to officially enter the voting process on June 23. After the proposal takes effect, the TRON mainnet will enable the virtual machine instructions newly added in version 4.8.0 to achieve compatibility with the Ethereum Cancun upgrade, and enable a new consensus layer verification mechanism, thereby further improving the consistency and effectiveness of the transaction execution process.

1.4Arbitrum has launched the Pectra upgrade

https://foresightnews.pro/news/detail/75808

Arbitrum has launched the Pectra upgrade, and developers can now access one-click swaps and gas sponsorship features, etc.

2. Industry News

2.1Central Bank: Establish a digital RMB international operation center and carry out a pilot project for comprehensive reform of offshore trade financial services in the Lingang New Area of Shanghai

https://foresightnews.pro/news/detail/75651

At the 2025 Lujiazui Forum, Pan Gongsheng, Governor of the People's Bank of China, announced the establishment of the Digital RMB International Operation Center. Promote the international operation of the digital RMB and the development of financial market business, and serve digital financial innovation. Establish a personal credit reporting agency. Provide financial institutions with diversified and differentiated personal credit reporting products to further improve the social credit reporting system. Carry out a pilot project for comprehensive reform of offshore trade financial services in the Lingang New Area of Shanghai. Innovate business rules to support Shanghai's development of offshore trade. Develop free trade offshore bonds. Follow the principle of "two ends abroad" and internationally accepted rules and standards to broaden the financing channels for "going out" enterprises and high-quality enterprises in countries and regions participating in the "Belt and Road" initiative.

2.2The U.S. Senate voted to pass the GENIUS Stablecoin Act, which is still pending review by the House of Representatives

https://foresightnews.pro/news/detail/75638

According to Politico, the U.S. Senate passed the landmark cryptocurrency legislation, the GENIUS Act, on Tuesday, aimed at promoting the growth of the industry. This is a historic lobbying victory for digital asset companies in the Senate's first vote on comprehensive regulatory reforms for cryptocurrencies. The U.S. Senate passed the bill with 68 votes in favor and 30 votes against, with 18 Democrats and a majority of Republicans supporting its submission to the House of Representatives for deliberation.

2.3South Korea’s Financial Services Commission is developing a roadmap to launch a virtual asset ETF

https://x.com/BitcoinNewsCom/status/1935706385032905076

Golden Finance reported that according to Bitcoin News, the Financial Services Commission of South Korea is developing a roadmap for virtual asset ETFs, which is expected to be launched in the second half of this year.

2.4JPMorgan Chase launches JPMD "deposit token" experiment: claims to be better than stablecoins, for institutional pilot

https://www.panewslab.com/zh/articles/3dbm07a2

6 月 18 日，摩根大通宣布将试点启动一种名为 JPMD 的存款代币 (deposit tokens)，部署在 Coinbase 支持的 Base 区块链上。预计在未来几天内，摩根大通将把一定金额的 JPMD 从其数字钱包转移至美国最大加密交易所 Coinbase。

3. In-depth analysis

3.1Review of the stablecoin regulatory bills in China, the United States and Europe: Which giants are planning?

https://foresightnews.pro/article/detail/86734

Stablecoins are not only an important infrastructure for DeFi, but also a bridge between traditional finance and the crypto world. The development of stablecoins in China, the United States, and Europe is particularly noteworthy. From the introduction of bills to the entry of traditional financial giants, the development prospects of the stablecoin field seem to be advancing by leaps and bounds. This article sorts out the progress made by China, the United States, and Europe in the field of stablecoins, including regulatory bills, giants involved in stablecoins, etc.