Brazil’s Chamber of Deputies advanced Bill 4212/25 after it cleared the Economic Development Committee, moving it toward floor votes. The proposal says a future central bank digital currency, including drex, must not replace cash, be imposed as legal tender, or be used for political or ideological surveillance, and it requires safeguards to avoid financial exclusion.

Coinbase said on June 12 it is preparing the next phase of its “Everything Exchange,” aiming to let users access crypto, stocks, ETFs, cash, perpetual futures, prediction markets, and rewards from a single account. The company highlighted goals including instant settlement and 24/7 availability, and said its roadmap covers nearly 10,000 stocks and ETFs. Coinbase added it plans to reveal the next phase on June 16.

On June 12, Abracadabra's algorithmic stablecoin MIM fell as low as $0.87 across multiple chains, slipping about 11% over 24 hours. Blockaid said the Arbitrum depeg was driven by thin, imbalanced pool liquidity rather than an exploit, with executable routes showing $0.91–$0.92. Abracadabra's June 11 governance proposal for a Curve MIM-2Pool gauge could improve liquidity, but any impact would come only after the vote and subsequent emissions.

Aave Labs has submitted a governance proposal to add Circle Wrapped Bitcoin (cirBTC) as collateral on Aave V3 Core and Aave V4 Core on Ethereum. Circle launched the ERC-20 token on Ethereum mainnet on June 8, and the proposal was posted on June 10. The listing remains in the ARFC phase and would still require community feedback, a Snapshot vote, and a subsequent AIP before any on-chain rollout.

Hyperliquid’s third-party HIP-3 commodities perps have grown quickly, but Blockworks Research argues the deployer economics are now showing strain. Felix said it will shut down on 20 June after being outcompeted by TradeXYZ, while Blockworks estimates smaller deployers may need about 4 years on average to recoup $30K-per-ticker auction costs.

SpoonOS Arena launched June 11, putting eight large language models in a World Cup prediction contest that places real bets on Polymarket. Each model starts with US $500 under the same prompts and data setup, and any net profits above the combined $4,000 bankroll are slated to be shared with community participants at the end of the tournament.

On-chain trackers flagged a 75,000,000 USDT transfer leaving a Binance-associated wallet on Ethereum. The transaction (hash: 0x0b880…8abc7) moved funds to an external address, while the recipient and purpose remain unclear. Traders are watching the outflow as stablecoin reserve shifts can coincide with broader market repositioning.

Senate Banking Committee Chair Tim Scott said on June 11 that advancing the CLARITY Act is part of building consumer protections and reinforcing U.S. financial leadership, including through stablecoin regulation. He argued that stablecoins backed by dollars or U.S. Treasuries can increase demand for the dollar, while clearer crypto rules could improve payments and reduce transaction costs. The measure still needs Senate passage, reconciliation with the House version, final approval in both chambers, and the president’s signature before it can become law.