U.S. AI stocks decline, Illinois to impose digital asset transaction tax

KuCoinFlash

Release Time: 06/17/2026 01:43:27

Summary

U.S. AI stocks declined sharply in the previous session, with Marvell Technology Group (MRVL) dropping over 9.78%. Illinois is set to implement a digital asset market transaction tax—the first of its kind in the U.S.—expected to take effect in 2027. Bitmine added 20,000 ETH in the last five hours and still needs 380,000 ETH to reach its 5% ownership target. The '1011 insider whale' sold 184,102 HYPE tokens, netting $2.83 million. Altcoins to watch include HYPE as major holders adjust their positions.

1. U.S. stocks closed lower, with AI-related stocks generally declining; Marvell fell over 9.78%;

2. SEC Chair: The SEC is reforming the regulatory framework for public companies to make IPOs more accessible to retail investors;

3. Illinois will become the first state in the U.S. to impose a tax on digital asset transactions, with an expected effective date of 2027;

4. Bitmine purchased 20,000 ETH five hours ago, still 380,000 ETH short of its 5% holding target;

5. "Insider Whale 1011" sells 184,102 HYPE tokens, realizing a profit of $2.83 million;

6. The Korea Times: South Koreans are losing interest in cryptocurrency trading;

7. The U.S.-Iran framework agreement proposes establishing a $300 billion private fund;

8. Saudi media releases the 14-point memorandum of understanding terms between the U.S. and Iran;

9. Bipartisan senators urge the U.S. Treasury to preserve state-level stablecoin regulatory authority under the GENIUS Act.

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