According to Odaily Planet Daily, the draft revision of the "Law of the People's Republic of China on the People's Bank of China" was submitted to the 23rd session of the Standing Committee of the 14th National People's Congress for its first review on June 23, 2026. Among the revisions, "clarifying the legal status of the digital yuan" was included for the first time. The report states that the 2020 draft for public comment only stated that "the yuan includes both physical and digital forms." This revision further elevates the legal status of the digital yuan. Furthermore, the 2020 draft for public comment also stipulated that no entity or individual may produce or issue tokens or digital tokens to replace the yuan in circulation. For related illegal activities, the People's Bank of China has the right to order the cessation or destruction of illegally produced or issued tokens or digital tokens, confiscate illegal gains, and impose a fine of up to five times the amount of the illegal activity. (Caixin.com)

According to Odaily Planet Daily, the draft revision of the "Law of the People's Republic of China on the People's Bank of China" was submitted to the 23rd session of the Standing Committee of the 14th National People's Congress for its first review on June 23, 2026. Among the revisions, "clarifying the legal status of the digital yuan" was included for the first time. The report states that the 2020 draft for public comment only stated that "the yuan includes both physical and digital forms." This revision further elevates the legal status of the digital yuan. Furthermore, the 2020 draft for public comment also stipulated that no entity or individual may produce or issue tokens or digital tokens to replace the yuan in circulation. For related illegal activities, the People's Bank of China has the right to order the cessation or destruction of illegally produced or issued tokens or digital tokens, confiscate illegal gains, and impose a fine of up to five times the amount of the illegal activity. (Caixin.com)

Odaily Planet Daily reports that 10x Research released a new market report stating that Bitcoin traders have long misinterpreted the "global money supply" and "global liquidity" indicators, and that the US dollar's performance is one of the most important factors influencing Bitcoin's price. 10x Research points out that the US dollar is currently strengthening in multiple dimensions, and historical experience shows that a stronger dollar is generally unfavorable for Bitcoin. Their dollar model has only triggered sell signals six times since 2011, the last time being in November 2025, followed by several months of continuous decline in Bitcoin's price. The report also states that the global liquidity indicator, which circulated widely in the crypto community last year, has been misused by the market. According to their research framework, this indicator issued a buy signal in early March this year and an exit signal at the end of April, and the team has calculated the time window for its next potential trigger. 10x Research states that the report, combining the US dollar's performance, global liquidity, and other macroeconomic drivers, analyzed the potential time and value range of the current bear market's low point, and believes that the time window corresponding to the current Bitcoin cycle low is gradually approaching.

Odaily Planet Daily reports that Nate Geraci, president of ETF Store, stated on the X platform that Atlas Capital, in which "Dr. Doom" Nouriel Roubini is involved, is planning to launch a digital token backed by US-listed ETFs. Geraci cited statements such as, "Bitcoin and other cryptocurrencies are not true money; we need better collateral, higher-quality reserve assets, and more reliable stores of value." Geraci believes that given Roubini's long-standing criticism of cryptocurrencies, his involvement in launching a digital asset-related product is significant and a noteworthy industry trend.

Odaily Planet Daily reports that Sonic Labs announced several governance and operational adjustments on its X platform. The Fantom Opera network, originally scheduled to shut down at the end of this month, will continue operating until at least the end of 2026, with the corresponding cross-chain bridges continuing to receive funding during this period. Sonic Labs stated that this decision was based on community feedback. Simultaneously, the team announced the removal of the generic "Contributors" label and unveiled a new leadership structure. Matt Visser will serve as CEO, possessing backgrounds in product management and financial restructuring, having co-founded Squire.Law and led its Web3 product strategy; Kosta Kourkoumelis will serve as COO, with over 20 years of experience in the financial services and digital asset industries, having been involved in ecosystem building since the Fantom ICO. Previously, Andre Cronje announced his resignation from the Sonic Labs board of directors, stating that he will focus on technology research and development in the future.