Overview of Important Developments on the Afternoon of June 11

7:00-12:00 Keywords: Bullish, Los Angeles, China-US Trade Conference

1. Bullish, an exchange under Blockone, submits IPO application;

2. New research by the Algorand Foundation: TVL may easily become a game;

3. US Federal Appeals Court rules that Trump tariffs may remain in effect during the appeal;

4. Los Angeles Mayor: Declares a state of emergency in Los Angeles, curfew imposed in downtown Los Angeles;

5. China-US Trade Consultation Mechanism Meeting: US and Chinese negotiating teams have agreed on a trade framework;

6. Bakkt: The board has formally approved an updated investment strategy, allocating part of the funds to invest in Bitcoin;

7. The Blockchain Group approved to launch a €11 billion financing plan to accelerate Bitcoin purchasing strategy;

8. China-US Trade Consultation Mechanism Meeting: White House National Economic Council Director states the US will not relax export restrictions on Nvidia's top chips.