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Amazon has unveiled plans to invest a substantial $10 billion in North Carolina to significantly expand its cloud computing and artificial intelligence (AI) infrastructure. This ambitious initiative will focus on constructing new data centers in Richmond County, a rural area about 70 miles east of Charlotte, aimed at strengthening Amazon Web Services’ AI capabilities.

The investment is expected to create at least 500 skilled jobs, including positions for data center engineers and network specialists, providing a major economic boost to the region, which has experienced declines in traditional manufacturing sectors over recent decades. North Carolina Governor Josh Stein described the project as one of the largest investments in the state’s history, emphasizing its potential to keep North Carolina at the forefront of technological innovation.

Amazon’s Chief Global Affairs and Legal Officer, David Zapolsky, highlighted that this development will establish the state as a hub for advanced technology, fostering economic growth and workforce development through partnerships with local leaders, suppliers, and educational institutions.

This $10 billion commitment forms part of Amazon’s broader strategy to accelerate AI innovation and infrastructure expansion. The company has already indicated plans to increase its overall capital expenditures to $100 billion in 2025, with a significant portion dedicated to AI-related projects and data center enhancements across the United States.

In addition to physical infrastructure, Amazon is investing in AI research and development, including microchip innovation and generative AI technologies, reinforcing its position in the competitive AI landscape alongside other tech giants.

This major investment underscores Amazon’s dedication to advancing AI technology and cloud services, positioning North Carolina as a critical node in the company’s expanding AI ecosystem.

Amazon has unveiled plans to invest a substantial $10 billion in North Carolina to significantly expand its cloud computing and artificial intelligence (AI) infrastructure. This ambitious initiative will focus on constructing new data centers in Richmond County, a rural area about 70 miles east of Charlotte, aimed at strengthening Amazon Web Services’ AI capabilities.

The investment is expected to create at least 500 skilled jobs, including positions for data center engineers and network specialists, providing a major economic boost to the region, which has experienced declines in traditional manufacturing sectors over recent decades. North Carolina Governor Josh Stein described the project as one of the largest investments in the state’s history, emphasizing its potential to keep North Carolina at the forefront of technological innovation.

Amazon’s Chief Global Affairs and Legal Officer, David Zapolsky, highlighted that this development will establish the state as a hub for advanced technology, fostering economic growth and workforce development through partnerships with local leaders, suppliers, and educational institutions.

This $10 billion commitment forms part of Amazon’s broader strategy to accelerate AI innovation and infrastructure expansion. The company has already indicated plans to increase its overall capital expenditures to $100 billion in 2025, with a significant portion dedicated to AI-related projects and data center enhancements across the United States.

In addition to physical infrastructure, Amazon is investing in AI research and development, including microchip innovation and generative AI technologies, reinforcing its position in the competitive AI landscape alongside other tech giants.

This major investment underscores Amazon’s dedication to advancing AI technology and cloud services, positioning North Carolina as a critical node in the company’s expanding AI ecosystem.

The curtains rise today on SiGMA Asia 2025, as the SMX Convention Centre in Manila transforms into the epicentre of the iGaming and emerging tech ecosystem across Asia. From June 1st to 4th, this year’s summit is expected to attract over 20,000 delegates, more than 350 speakers, and 450+ sponsors and exhibitors, firmly establishing the Philippines as a powerhouse for innovation, regulation, and deal-making in the global gaming industry.

A landmark event for Asian markets

SiGMA Asia 2025 brings together a diverse and powerful cross-section of stakeholders, including regulators, operators, affiliates, startups, investors, and tech innovators. With the Philippines playing a central role in Southeast Asia’s gaming infrastructure and regulatory evolution, this summit represents a timely and strategic gathering. It offers not just high-level networking but a rare chance to gauge the regional temperature on blockchain integration, AI tools, player protection frameworks, and the rapid growth of online gaming and sports betting verticals.

A high-impact opening day

Day one opens with an official ribbon-cutting ceremony led by H.E. Mr. John Busuttil, alongside Emily Micallef, CEO of SiGMA Group and Neil Shih, Director of SiGMA Asia. Their presence underscores the strong synergy between public institutions and private stakeholders in the Philippine gaming sector.

H.E. Mr. John Busuttil, alongside Emily Micallef, CEO of SiGMA Group and Neil Shih, Director of SiGMA Asia

The morning’s keynote, “From Banks to Bets: Inside the Mind of a Hacker,” delivered by Phuong Nguyen, Founder of ECQ Group, sets the tone with a bold look at cybersecurity threats in digital betting ecosystems. Attendees will gain first-hand insights into how security blind spots are exploited and what operators must do to stay ahead.

Later in the day, the highly anticipated panel “Asia: The sleeping giant of gaming” takes centre stage. Speakers, including Ivan Kurochkin and Christopher Rodil, dissect the complex regulatory patchworks, localisation challenges, and the untapped potential of Asia’s digital-native audiences. If you’re operating or planning market entry across the region, this is a session not to miss.

Blockchain and fintech in focus

A significant highlight of the afternoon is the session titled “Mapping the Philippines’ blockchain ecosystem”, a panel exploring how policy, tech infrastructure, and Web3 ambitions are converging in the local landscape. Industry voices such as Chezka Gonzales and Donald Patrick Lim will address the current barriers to adoption and what’s needed to position the Philippines as a competitive blockchain hub in Asia.

Ensure you attend this session if blockchain integration is part of your long-term strategy.

Startups, awards, and networking

Entrepreneurship takes the spotlight with the SiGMA Startup Pitch, where early-stage ventures battle for exposure, funding, and partnerships. Judged by leading investors and executives, including Carla Maree Vella, the pitch is a launchpad for the next generation of gaming and fintech disruptors.

This evening, the exclusive SiGMA Asia Awards will be hosted at the Conrad Manila’s Forbes Ballroom. This red-carpet gala will honour outstanding achievements across gaming, tech, and digital marketing verticals, bringing together C-suite guests in a celebration of excellence.

Ready for the week ahead?

With a whole week of conferences, exhibitions, and curated networking ahead, now is the time to plan your strategy, book your meetings, and make the most of what Manila has to offer. From compliance to creativity, from marketing to machine learning, SiGMA Asia promises to ignite partnerships and shape the next wave of growth across the region.

View the full agenda to optimise your schedule and secure your seat at key sessions: Explore the full SiGMA Asia 2025 agenda.

 

The curtains rise today on SiGMA Asia 2025, as the SMX Convention Centre in Manila transforms into the epicentre of the iGaming and emerging tech ecosystem across Asia. From June 1st to 4th, this year’s summit is expected to attract over 20,000 delegates, more than 350 speakers, and 450+ sponsors and exhibitors, firmly establishing the Philippines as a powerhouse for innovation, regulation, and deal-making in the global gaming industry.

A landmark event for Asian markets

SiGMA Asia 2025 brings together a diverse and powerful cross-section of stakeholders, including regulators, operators, affiliates, startups, investors, and tech innovators. With the Philippines playing a central role in Southeast Asia’s gaming infrastructure and regulatory evolution, this summit represents a timely and strategic gathering. It offers not just high-level networking but a rare chance to gauge the regional temperature on blockchain integration, AI tools, player protection frameworks, and the rapid growth of online gaming and sports betting verticals.

A high-impact opening day

Day one opens with an official ribbon-cutting ceremony led by H.E. Mr. John Busuttil, alongside Emily Micallef, CEO of SiGMA Group and Neil Shih, Director of SiGMA Asia. Their presence underscores the strong synergy between public institutions and private stakeholders in the Philippine gaming sector.

H.E. Mr. John Busuttil, alongside Emily Micallef, CEO of SiGMA Group and Neil Shih, Director of SiGMA Asia

The morning’s keynote, “From Banks to Bets: Inside the Mind of a Hacker,” delivered by Phuong Nguyen, Founder of ECQ Group, sets the tone with a bold look at cybersecurity threats in digital betting ecosystems. Attendees will gain first-hand insights into how security blind spots are exploited and what operators must do to stay ahead.

Later in the day, the highly anticipated panel “Asia: The sleeping giant of gaming” takes centre stage. Speakers, including Ivan Kurochkin and Christopher Rodil, dissect the complex regulatory patchworks, localisation challenges, and the untapped potential of Asia’s digital-native audiences. If you’re operating or planning market entry across the region, this is a session not to miss.

Blockchain and fintech in focus

A significant highlight of the afternoon is the session titled “Mapping the Philippines’ blockchain ecosystem”, a panel exploring how policy, tech infrastructure, and Web3 ambitions are converging in the local landscape. Industry voices such as Chezka Gonzales and Donald Patrick Lim will address the current barriers to adoption and what’s needed to position the Philippines as a competitive blockchain hub in Asia.

Ensure you attend this session if blockchain integration is part of your long-term strategy.

Startups, awards, and networking

Entrepreneurship takes the spotlight with the SiGMA Startup Pitch, where early-stage ventures battle for exposure, funding, and partnerships. Judged by leading investors and executives, including Carla Maree Vella, the pitch is a launchpad for the next generation of gaming and fintech disruptors.

This evening, the exclusive SiGMA Asia Awards will be hosted at the Conrad Manila’s Forbes Ballroom. This red-carpet gala will honour outstanding achievements across gaming, tech, and digital marketing verticals, bringing together C-suite guests in a celebration of excellence.

Ready for the week ahead?

With a whole week of conferences, exhibitions, and curated networking ahead, now is the time to plan your strategy, book your meetings, and make the most of what Manila has to offer. From compliance to creativity, from marketing to machine learning, SiGMA Asia promises to ignite partnerships and shape the next wave of growth across the region.

View the full agenda to optimise your schedule and secure your seat at key sessions: Explore the full SiGMA Asia 2025 agenda.

 

XRP Ledger payments hit their lowest point since October, with active addresses and burned fees also declining.

Despite the slowdown, strategic partnerships are expected to drive long-term institutional adoption and network growth.

XRP price has lagged behind Bitcoin’s recent surge, failing to maintain momentum from earlier in the year.

Activity on the XRP Ledger has significantly slowed since Q1, with daily payment transactions falling to just 320,747—the lowest since October—according to data from XRPScan. This marks a steep decline from the over 1 million daily transactions observed in March, April, and early May.

Similarly, the number of active wallet addresses has dipped below 10,000, also the lowest in months. Network usage fees, measured by XRP burned, have dropped to around 1,500 XRP per day, suggesting reduced activity in account creation and transactions.

This follows a strong first quarter, when XRP Ledger saw a 36% quarter-over-quarter jump in payment activity and a 142% spike in active addresses, according to Messari. However, the momentum has since faded.

Institutional Adoption Keeps Long-Term Outlook Positive

Despite the recent decline in on-chain activity, industry analysts remain optimistic. Messari points to increasing institutional adoption through partnerships and acquisitions as a major driver of future growth.

In April, Ripple became the first crypto firm to acquire a global, multi-asset prime broker by partnering with Hidden Road. More recently, Ripple’s RLUSD stablecoin received regulatory approval from the Dubai Financial Services Authority, paving the way for integration into the Dubai International Financial Centre.

Additional updates are expected at the upcoming XRP Ledger Apex 2025 event, scheduled for June 10–12 in Singapore, potentially reigniting interest in the ecosystem.

XRP Trails Behind Bitcoin’s Rally

Bitcoin recently surged to all-time highs above $110,000, gaining over 40% since its April low of $75,000. The broader crypto market followed, with XRP rising from $1.60 to $2.60—a 62% increase—but the token has since struggled to build on that momentum.

XRP remains below its January peak of $3.40, even as Bitcoin surpassed its own previous highs. The divergence may point to weakening demand for XRP, raising concerns that it could be more vulnerable in the event of a Bitcoin pullback.

XRP Ledger payments hit their lowest point since October, with active addresses and burned fees also declining.

Despite the slowdown, strategic partnerships are expected to drive long-term institutional adoption and network growth.

XRP price has lagged behind Bitcoin’s recent surge, failing to maintain momentum from earlier in the year.

Activity on the XRP Ledger has significantly slowed since Q1, with daily payment transactions falling to just 320,747—the lowest since October—according to data from XRPScan. This marks a steep decline from the over 1 million daily transactions observed in March, April, and early May.

Similarly, the number of active wallet addresses has dipped below 10,000, also the lowest in months. Network usage fees, measured by XRP burned, have dropped to around 1,500 XRP per day, suggesting reduced activity in account creation and transactions.

This follows a strong first quarter, when XRP Ledger saw a 36% quarter-over-quarter jump in payment activity and a 142% spike in active addresses, according to Messari. However, the momentum has since faded.

Institutional Adoption Keeps Long-Term Outlook Positive

Despite the recent decline in on-chain activity, industry analysts remain optimistic. Messari points to increasing institutional adoption through partnerships and acquisitions as a major driver of future growth.

In April, Ripple became the first crypto firm to acquire a global, multi-asset prime broker by partnering with Hidden Road. More recently, Ripple’s RLUSD stablecoin received regulatory approval from the Dubai Financial Services Authority, paving the way for integration into the Dubai International Financial Centre.

Additional updates are expected at the upcoming XRP Ledger Apex 2025 event, scheduled for June 10–12 in Singapore, potentially reigniting interest in the ecosystem.

XRP Trails Behind Bitcoin’s Rally

Bitcoin recently surged to all-time highs above $110,000, gaining over 40% since its April low of $75,000. The broader crypto market followed, with XRP rising from $1.60 to $2.60—a 62% increase—but the token has since struggled to build on that momentum.

XRP remains below its January peak of $3.40, even as Bitcoin surpassed its own previous highs. The divergence may point to weakening demand for XRP, raising concerns that it could be more vulnerable in the event of a Bitcoin pullback.

Bitcoin mining stocks saw solid gains on Tuesday, buoyed by a slight uptick in crypto markets and broader enthusiasm following a major energy deal tied to artificial intelligence.

Meta (META) announced a landmark 20-year agreement to purchase 1.1 gigawatts of power from a nuclear facility to support its AI operations. The move underscores Big Tech’s growing commitment to long-term energy infrastructure for data-intensive workloads.

The news sent ripples through related sectors, including crypto mining, where companies are increasingly exploring AI as a complementary revenue stream.

Several leading mining firms — including Marathon Digital (MARA), Riot Platforms (RIOT), Hut 8 (HUT), Core Scientific (CORZ), and CleanSpark (CLSK) — posted 7%–8% gains heading into the U.S. market close.

Meanwhile, CoreWeave (CRWV) — a fast-growing AI cloud provider — surged 23% on the day, continuing a blistering rally that’s seen shares climb more than 270% since its March IPO.

Crypto markets also edged higher:

Bitcoin (BTC) gained 1.8%, trading around $106,200.

The  Index rose 2.8%, driven by strong performances from altcoins like Solana (SOL), Uniswap (UNI), Aave (AAVE), and Near Protocol (NEAR).

Though bitcoin prices remain near record highs, miners have largely underperformed this year. However, the growing energy demands of AI — and the potential crossover between crypto and AI infrastructure — may offer new growth paths for the sector.

Bitcoin mining stocks saw solid gains on Tuesday, buoyed by a slight uptick in crypto markets and broader enthusiasm following a major energy deal tied to artificial intelligence.

Meta (META) announced a landmark 20-year agreement to purchase 1.1 gigawatts of power from a nuclear facility to support its AI operations. The move underscores Big Tech’s growing commitment to long-term energy infrastructure for data-intensive workloads.

The news sent ripples through related sectors, including crypto mining, where companies are increasingly exploring AI as a complementary revenue stream.

Several leading mining firms — including Marathon Digital (MARA), Riot Platforms (RIOT), Hut 8 (HUT), Core Scientific (CORZ), and CleanSpark (CLSK) — posted 7%–8% gains heading into the U.S. market close.

Meanwhile, CoreWeave (CRWV) — a fast-growing AI cloud provider — surged 23% on the day, continuing a blistering rally that’s seen shares climb more than 270% since its March IPO.

Crypto markets also edged higher:

Bitcoin (BTC) gained 1.8%, trading around $106,200.

The  Index rose 2.8%, driven by strong performances from altcoins like Solana (SOL), Uniswap (UNI), Aave (AAVE), and Near Protocol (NEAR).

Though bitcoin prices remain near record highs, miners have largely underperformed this year. However, the growing energy demands of AI — and the potential crossover between crypto and AI infrastructure — may offer new growth paths for the sector.

The U.S. Securities and Exchange Commission (SEC) is under fire from current and former officials following its recent shift in policy regarding cryptocurrency staking services. On May 29, 2025, the SEC’s Division of Corporation Finance issued new guidance stating that certain crypto staking activities on proof-of-stake blockchains may not be classified as securities, thus exempting them from registration under the Securities Act. This represents a significant departure from previous regulatory approaches.

Criticism from Former Officials and Commissioners

John Reed Stark, former SEC chief of Internet Enforcement, sharply criticized the new stance, arguing that it conflicts with prior federal court rulings in major cases against Binance and Coinbase. In those cases, courts allowed claims that staking products qualified as securities under established legal standards, particularly the Howey test. Stark described the SEC’s move as a “shameful abdication” of its investor protection duties and warned that it undermines the agency’s credibility.

Commissioner Caroline Crenshaw also voiced strong opposition, stating that the staff’s conclusions do not align with existing case law or the Howey precedent. She highlighted inconsistencies in the SEC’s treatment of digital assets, questioning how tokens like Ether (ETH) and Solana (SOL) can be considered non-securities for registration purposes but treated as securities in other regulatory contexts. Crenshaw characterized the approach as a “fake it till you make it” strategy that ignores current law in anticipation of future changes.

Background on Legal Cases and Regulatory Shifts

The SEC had previously filed lawsuits alleging that staking services offered by Binance and Coinbase involved unregistered securities offerings. While the Binance case was dismissed with prejudice in May 2025, preventing similar future claims, the Coinbase case was allowed to proceed in early 2024 but was also dismissed in early 2025 amid the SEC’s broader regulatory recalibration.

This new guidance is part of a wider deregulatory trend by the SEC, which includes closing investigations, dropping lawsuits, and engaging with industry stakeholders through roundtables. Some industry advocates have praised the guidance as a “major step forward” that recognizes staking as a fundamental blockchain function rather than an investment contract.

SEC’s 2025 Guidance on Crypto Tokens

Earlier in 2025, the SEC released comprehensive guidance clarifying how it applies the Howey test to crypto assets. The guidance emphasizes that tokens are likely securities if buyers expect profits primarily from the efforts of a centralized team. It introduces a three-pronged framework assessing initial sale context, ongoing use, and issuer control. Tokens like Ether post-Merge and stablecoins with transparent reserves are generally not considered securities, while governance or revenue-sharing tokens may still fall under securities laws.

Industry and Regulatory Implications

The SEC’s recent stance aims to provide regulatory clarity but has instead intensified debate over the consistent application of securities laws to digital assets. Critics argue that the new guidance creates confusion and undermines investor protections, while supporters view it as a pragmatic evolution toward clearer, more workable crypto regulation.

Commissioner Hester Peirce defended the SEC’s nuanced approach, emphasizing that whether a transaction is a securities offering depends on the nature of the deal, not solely on the asset itself. She noted that most crypto assets today are probably not securities but acknowledged the need for clearer guidance on transactions involving tokens.

This ongoing controversy highlights the challenges regulators face in adapting decades-old securities laws to rapidly evolving blockchain technologies and the crypto market’s unique features. The SEC’s shifting stance on staking services underscores the tension between fostering innovation and ensuring investor safeguards in the digital asset space.

The U.S. Securities and Exchange Commission (SEC) is under fire from current and former officials following its recent shift in policy regarding cryptocurrency staking services. On May 29, 2025, the SEC’s Division of Corporation Finance issued new guidance stating that certain crypto staking activities on proof-of-stake blockchains may not be classified as securities, thus exempting them from registration under the Securities Act. This represents a significant departure from previous regulatory approaches.

Criticism from Former Officials and Commissioners

John Reed Stark, former SEC chief of Internet Enforcement, sharply criticized the new stance, arguing that it conflicts with prior federal court rulings in major cases against Binance and Coinbase. In those cases, courts allowed claims that staking products qualified as securities under established legal standards, particularly the Howey test. Stark described the SEC’s move as a “shameful abdication” of its investor protection duties and warned that it undermines the agency’s credibility.

Commissioner Caroline Crenshaw also voiced strong opposition, stating that the staff’s conclusions do not align with existing case law or the Howey precedent. She highlighted inconsistencies in the SEC’s treatment of digital assets, questioning how tokens like Ether (ETH) and Solana (SOL) can be considered non-securities for registration purposes but treated as securities in other regulatory contexts. Crenshaw characterized the approach as a “fake it till you make it” strategy that ignores current law in anticipation of future changes.

Background on Legal Cases and Regulatory Shifts

The SEC had previously filed lawsuits alleging that staking services offered by Binance and Coinbase involved unregistered securities offerings. While the Binance case was dismissed with prejudice in May 2025, preventing similar future claims, the Coinbase case was allowed to proceed in early 2024 but was also dismissed in early 2025 amid the SEC’s broader regulatory recalibration.

This new guidance is part of a wider deregulatory trend by the SEC, which includes closing investigations, dropping lawsuits, and engaging with industry stakeholders through roundtables. Some industry advocates have praised the guidance as a “major step forward” that recognizes staking as a fundamental blockchain function rather than an investment contract.

SEC’s 2025 Guidance on Crypto Tokens

Earlier in 2025, the SEC released comprehensive guidance clarifying how it applies the Howey test to crypto assets. The guidance emphasizes that tokens are likely securities if buyers expect profits primarily from the efforts of a centralized team. It introduces a three-pronged framework assessing initial sale context, ongoing use, and issuer control. Tokens like Ether post-Merge and stablecoins with transparent reserves are generally not considered securities, while governance or revenue-sharing tokens may still fall under securities laws.

Industry and Regulatory Implications

The SEC’s recent stance aims to provide regulatory clarity but has instead intensified debate over the consistent application of securities laws to digital assets. Critics argue that the new guidance creates confusion and undermines investor protections, while supporters view it as a pragmatic evolution toward clearer, more workable crypto regulation.

Commissioner Hester Peirce defended the SEC’s nuanced approach, emphasizing that whether a transaction is a securities offering depends on the nature of the deal, not solely on the asset itself. She noted that most crypto assets today are probably not securities but acknowledged the need for clearer guidance on transactions involving tokens.

This ongoing controversy highlights the challenges regulators face in adapting decades-old securities laws to rapidly evolving blockchain technologies and the crypto market’s unique features. The SEC’s shifting stance on staking services underscores the tension between fostering innovation and ensuring investor safeguards in the digital asset space.

Despite recent pullbacks and renewed fears over global tariffs, major cryptocurrencies are showing signs of bottoming out, reinforcing a sense of long-term optimism among investors.

Bitcoin remains steady around $105,000, while Ether, XRP, Solana (SOL), Cardano (ADA), and Dogecoin are also holding near key support levels.

Market volatility driven by macroeconomic uncertainties and geopolitical developments continues to affect short-term sentiment.

Institutional interest and diversification into altcoins and DeFi assets underpin a bullish long-term outlook.

Bitcoin hovered near $105,000 during Asian trading hours on Monday, reflecting little change over the past 24 hours despite a 5% weekly dip. Other leading cryptocurrencies, including Ether, XRP, Solana, Cardano, and Dogecoin, followed similar patterns, suggesting a potential local bottom and setting the stage for short-term rebounds.

“Bitcoin is stuck around $105K as macro uncertainty holds back bullish momentum,” said Nick Ruck, Director at LVRG Research. “Inflation concerns, new tariffs, and broader economic fears in the U.S. have led to investor caution, though we’re still seeing long-term conviction in the space.”

Ruck noted that geopolitical tensions, especially between the U.S. and China, along with uncertainty around Federal Reserve policy, are key factors currently weighing on risk appetite.

China’s Ministry of Commerce on Monday condemned new U.S. export restrictions on AI chips and related software, escalating concerns of a trade conflict. This has added a layer of uncertainty to global markets and left crypto traders on edge.

“Even small escalations in the trade war can trigger sharp moves in crypto markets,” said Jeff Mei, COO at BTSE. He emphasized that upcoming U.S. economic data — including trade balance figures, jobless claims, and comments from Fed officials — will be crucial in shaping market sentiment.

Still, Mei remains optimistic: “While macro headlines dominate the market, institutional accumulation continues in the background. That’s a bullish long-term signal.”

Meanwhile, investors are increasingly diversifying beyond Bitcoin. Tokens like XRP and SOL have drawn attention for their resilience and potential upside, as Bitcoin’s price begins to track more closely with traditional risk assets.

Kathy Qu, Research Manager at HashKey Cloud, said in a statement that “uncertainty in trade policy is pushing capital toward high-growth sectors — not just tech stocks, but also crypto.” She highlighted Bitcoin and XRP as preferred assets due to growing ETF optimism and regulatory clarity.

Qu also pointed to bright spots in decentralized finance (DeFi), noting that staking and real-world asset (RWA) tokens are gaining traction. Ethereum ETFs, expected to benefit from the SEC’s recent staking exemption, could help further institutional adoption in the DeFi space.

Bottom Line:Despite near-term volatility caused by profit-taking and geopolitical risks, technical indicators and market behavior suggest that crypto markets are stabilizing. With increasing institutional engagement and diversification into altcoins and DeFi, long-term sentiment remains bullish.

Despite recent pullbacks and renewed fears over global tariffs, major cryptocurrencies are showing signs of bottoming out, reinforcing a sense of long-term optimism among investors.

Bitcoin remains steady around $105,000, while Ether, XRP, Solana (SOL), Cardano (ADA), and Dogecoin are also holding near key support levels.

Market volatility driven by macroeconomic uncertainties and geopolitical developments continues to affect short-term sentiment.

Institutional interest and diversification into altcoins and DeFi assets underpin a bullish long-term outlook.

Bitcoin hovered near $105,000 during Asian trading hours on Monday, reflecting little change over the past 24 hours despite a 5% weekly dip. Other leading cryptocurrencies, including Ether, XRP, Solana, Cardano, and Dogecoin, followed similar patterns, suggesting a potential local bottom and setting the stage for short-term rebounds.

“Bitcoin is stuck around $105K as macro uncertainty holds back bullish momentum,” said Nick Ruck, Director at LVRG Research. “Inflation concerns, new tariffs, and broader economic fears in the U.S. have led to investor caution, though we’re still seeing long-term conviction in the space.”

Ruck noted that geopolitical tensions, especially between the U.S. and China, along with uncertainty around Federal Reserve policy, are key factors currently weighing on risk appetite.

China’s Ministry of Commerce on Monday condemned new U.S. export restrictions on AI chips and related software, escalating concerns of a trade conflict. This has added a layer of uncertainty to global markets and left crypto traders on edge.

“Even small escalations in the trade war can trigger sharp moves in crypto markets,” said Jeff Mei, COO at BTSE. He emphasized that upcoming U.S. economic data — including trade balance figures, jobless claims, and comments from Fed officials — will be crucial in shaping market sentiment.

Still, Mei remains optimistic: “While macro headlines dominate the market, institutional accumulation continues in the background. That’s a bullish long-term signal.”

Meanwhile, investors are increasingly diversifying beyond Bitcoin. Tokens like XRP and SOL have drawn attention for their resilience and potential upside, as Bitcoin’s price begins to track more closely with traditional risk assets.

Kathy Qu, Research Manager at HashKey Cloud, said in a statement that “uncertainty in trade policy is pushing capital toward high-growth sectors — not just tech stocks, but also crypto.” She highlighted Bitcoin and XRP as preferred assets due to growing ETF optimism and regulatory clarity.

Qu also pointed to bright spots in decentralized finance (DeFi), noting that staking and real-world asset (RWA) tokens are gaining traction. Ethereum ETFs, expected to benefit from the SEC’s recent staking exemption, could help further institutional adoption in the DeFi space.

Bottom Line:
Despite near-term volatility caused by profit-taking and geopolitical risks, technical indicators and market behavior suggest that crypto markets are stabilizing. With increasing institutional engagement and diversification into altcoins and DeFi, long-term sentiment remains bullish.

Meta Platforms’ shareholders have decisively rejected a proposal urging the company to allocate a portion of its $72 billion cash reserves into Bitcoin. According to a U.S. Securities and Exchange Commission (SEC) filing dated May 28, the proposal garnered only 3.92 million votes in favor—just 0.08% of the total—while nearly 5 billion votes opposed it.

The measure was introduced earlier this year by Bitcoin advocate Ethan Peck, who also submitted similar proposals to Microsoft and Amazon. Acting on behalf of the conservative think tank National Center for Public Policy Research (NCPPR), Peck argued that Meta should consider Bitcoin as a strategic reserve asset and a hedge against inflation.

Peck’s campaign has met resistance across the board. Microsoft shareholders recently rejected his proposal, and Amazon is expected to vote on a similar motion soon.

While Meta currently holds no cryptocurrency on its balance sheet, it has previously explored blockchain initiatives. Notably, the company announced its Libra stablecoin project in 2019, which was later rebranded as Diem before being shelved in 2022 due to regulatory pushback.

Meta’s crypto strategy has remained ambiguous since its high-profile pivot to the metaverse in 2021. Though enthusiasm for the metaverse has cooled, reports earlier this year indicated that Meta is exploring the use of stablecoins for internal payment solutions across its platforms.

Despite the vote outcome, Meta’s stock rose 3.5% on Monday, closing at $670.09 per share.

Meta Platforms’ shareholders have decisively rejected a proposal urging the company to allocate a portion of its $72 billion cash reserves into Bitcoin. According to a U.S. Securities and Exchange Commission (SEC) filing dated May 28, the proposal garnered only 3.92 million votes in favor—just 0.08% of the total—while nearly 5 billion votes opposed it.

The measure was introduced earlier this year by Bitcoin advocate Ethan Peck, who also submitted similar proposals to Microsoft and Amazon. Acting on behalf of the conservative think tank National Center for Public Policy Research (NCPPR), Peck argued that Meta should consider Bitcoin as a strategic reserve asset and a hedge against inflation.

Peck’s campaign has met resistance across the board. Microsoft shareholders recently rejected his proposal, and Amazon is expected to vote on a similar motion soon.

While Meta currently holds no cryptocurrency on its balance sheet, it has previously explored blockchain initiatives. Notably, the company announced its Libra stablecoin project in 2019, which was later rebranded as Diem before being shelved in 2022 due to regulatory pushback.

Meta’s crypto strategy has remained ambiguous since its high-profile pivot to the metaverse in 2021. Though enthusiasm for the metaverse has cooled, reports earlier this year indicated that Meta is exploring the use of stablecoins for internal payment solutions across its platforms.

Despite the vote outcome, Meta’s stock rose 3.5% on Monday, closing at $670.09 per share.

Reitar Logtech Holdings Ltd, a Hong Kong-based company specializing in real estate and logistics technology, has revealed plans to purchase up to $1.5 billion worth of Bitcoin. This strategic move was officially disclosed in a filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 2, 2025.

The firm intends to incorporate Bitcoin into its treasury reserves as part of a broader effort to diversify its financial assets and strengthen its balance sheet. By adopting Bitcoin, Reitar Logtech aims to leverage the cryptocurrency’s liquidity, 24/7 market availability, and potential as a hedge against inflation and currency depreciation. This initiative is designed to support the company’s global expansion ambitions in the logistics technology sector, enhancing its ability to pursue strategic acquisitions and enter new markets.

John Chan, Chairman and CEO of Reitar Logtech, emphasized the significance of this treasury diversification strategy, stating that it reflects the company’s commitment to maintaining a robust financial foundation while scaling its global logistics technology platform. He highlighted that allocating part of the treasury to Bitcoin aligns with ongoing digital transformation trends within the supply chain industry, providing the company with greater financial flexibility.

The timing and method of the Bitcoin acquisition have not been detailed, but market analysts suggest that the purchase may occur in phases to mitigate market impact and align with internal capital management strategies. This move places Reitar Logtech among a growing number of corporations worldwide that are embracing Bitcoin as a long-term asset and financial tool.

Following the announcement, Reitar Logtech’s shares experienced a notable increase, reflecting investor optimism about the potential benefits of integrating digital assets into corporate treasury management. The company’s decision parallels similar strategies adopted by other major firms, such as Strategy (formerly MicroStrategy), which have successfully used Bitcoin to enhance their financial positioning.

This bold step by Reitar Logtech signals a significant shift in how logistics and technology companies are approaching asset management and financial innovation, positioning the firm at the forefront of integrating blockchain technology with traditional business operations.

In summary, Reitar Logtech’s planned $1.5 billion Bitcoin acquisition aims to solidify its financial strength and accelerate its global growth in logistics technology, marking a notable development in corporate adoption of cryptocurrencies.

Reitar Logtech Holdings Ltd, a Hong Kong-based company specializing in real estate and logistics technology, has revealed plans to purchase up to $1.5 billion worth of Bitcoin. This strategic move was officially disclosed in a filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 2, 2025.

The firm intends to incorporate Bitcoin into its treasury reserves as part of a broader effort to diversify its financial assets and strengthen its balance sheet. By adopting Bitcoin, Reitar Logtech aims to leverage the cryptocurrency’s liquidity, 24/7 market availability, and potential as a hedge against inflation and currency depreciation. This initiative is designed to support the company’s global expansion ambitions in the logistics technology sector, enhancing its ability to pursue strategic acquisitions and enter new markets.

John Chan, Chairman and CEO of Reitar Logtech, emphasized the significance of this treasury diversification strategy, stating that it reflects the company’s commitment to maintaining a robust financial foundation while scaling its global logistics technology platform. He highlighted that allocating part of the treasury to Bitcoin aligns with ongoing digital transformation trends within the supply chain industry, providing the company with greater financial flexibility.

The timing and method of the Bitcoin acquisition have not been detailed, but market analysts suggest that the purchase may occur in phases to mitigate market impact and align with internal capital management strategies. This move places Reitar Logtech among a growing number of corporations worldwide that are embracing Bitcoin as a long-term asset and financial tool.

Following the announcement, Reitar Logtech’s shares experienced a notable increase, reflecting investor optimism about the potential benefits of integrating digital assets into corporate treasury management. The company’s decision parallels similar strategies adopted by other major firms, such as Strategy (formerly MicroStrategy), which have successfully used Bitcoin to enhance their financial positioning.

This bold step by Reitar Logtech signals a significant shift in how logistics and technology companies are approaching asset management and financial innovation, positioning the firm at the forefront of integrating blockchain technology with traditional business operations.

In summary, Reitar Logtech’s planned $1.5 billion Bitcoin acquisition aims to solidify its financial strength and accelerate its global growth in logistics technology, marking a notable development in corporate adoption of cryptocurrencies.

Japanese investment firm Metaplanet has significantly expanded its Bitcoin portfolio by acquiring an additional 1,088 BTC for approximately ¥16.89 billion (about $117.5 million), pushing its total Bitcoin holdings to 8,888 BTC valued at nearly $930 million. This latest purchase was made at an average price of around ¥15.5 million ($108,000) per Bitcoin, reflecting Metaplanet’s aggressive accumulation strategy that began in April 2024.

The company, now Asia’s largest publicly traded Bitcoin holder and ranked among the top ten corporate Bitcoin holders globally, has amassed 7,126 BTC in 2025 alone and is targeting a year-end total of 10,000 BTC. To finance these acquisitions, Metaplanet has raised capital through zero-interest bonds and stock acquisition rights, recently issuing $50 million in zero-coupon bonds to support its Bitcoin purchases without diluting equity.

Metaplanet’s CEO Simon Gerovich has acknowledged the influence of Michael Saylor and MicroStrategy’s pioneering Bitcoin treasury strategy on their approach, emphasizing Bitcoin’s role as a foundational asset for future finance. The company’s BTC Yield, a proprietary metric measuring Bitcoin accumulation per share, stands at 66.3% quarter-to-date, with a total Bitcoin gain of 2,684 BTC in Q2 2025, translating to a ¥40.54 billion gain.

Meanwhile, Michael Saylor’s firm, Strategy, continues to lead as the world’s largest corporate Bitcoin holder, recently adding 705 BTC valued at $75 million, further solidifying its dominant position in the market. Saylor remains committed to ongoing Bitcoin accumulation, anticipating rising prices and increasing difficulty in acquiring Bitcoin, while highlighting the growing global adoption of Bitcoin treasury strategies across various regions.

This surge in corporate Bitcoin acquisitions reflects a broader trend of institutional confidence amid financial market uncertainties, with firms like Metaplanet and Strategy setting benchmarks for corporate Bitcoin treasury management worldwide.

Japanese investment firm Metaplanet has significantly expanded its Bitcoin portfolio by acquiring an additional 1,088 BTC for approximately ¥16.89 billion (about $117.5 million), pushing its total Bitcoin holdings to 8,888 BTC valued at nearly $930 million. This latest purchase was made at an average price of around ¥15.5 million ($108,000) per Bitcoin, reflecting Metaplanet’s aggressive accumulation strategy that began in April 2024.

The company, now Asia’s largest publicly traded Bitcoin holder and ranked among the top ten corporate Bitcoin holders globally, has amassed 7,126 BTC in 2025 alone and is targeting a year-end total of 10,000 BTC. To finance these acquisitions, Metaplanet has raised capital through zero-interest bonds and stock acquisition rights, recently issuing $50 million in zero-coupon bonds to support its Bitcoin purchases without diluting equity.

Metaplanet’s CEO Simon Gerovich has acknowledged the influence of Michael Saylor and MicroStrategy’s pioneering Bitcoin treasury strategy on their approach, emphasizing Bitcoin’s role as a foundational asset for future finance. The company’s BTC Yield, a proprietary metric measuring Bitcoin accumulation per share, stands at 66.3% quarter-to-date, with a total Bitcoin gain of 2,684 BTC in Q2 2025, translating to a ¥40.54 billion gain.

Meanwhile, Michael Saylor’s firm, Strategy, continues to lead as the world’s largest corporate Bitcoin holder, recently adding 705 BTC valued at $75 million, further solidifying its dominant position in the market. Saylor remains committed to ongoing Bitcoin accumulation, anticipating rising prices and increasing difficulty in acquiring Bitcoin, while highlighting the growing global adoption of Bitcoin treasury strategies across various regions.

This surge in corporate Bitcoin acquisitions reflects a broader trend of institutional confidence amid financial market uncertainties, with firms like Metaplanet and Strategy setting benchmarks for corporate Bitcoin treasury management worldwide.

Two cryptocurrency investors, John Woeltz, 37, and William Duplessie, 33, have been arrested and charged with kidnapping, assault, and weapons possession after allegedly holding an Italian man captive for nearly three weeks in a luxury Manhattan townhouse to extort his Bitcoin password.

Incident Details

The victim, 28-year-old Italian crypto entrepreneur Michael Valentino Teofrasto Carturan, was lured to the townhouse in Manhattan’s upscale SoHo neighborhood on May 6. There, according to police reports, he was bound, beaten, drugged, shocked with electrical wires, and at one point dangled over a staircase by his captors who threatened to kill him and his family if he did not surrender access to his Bitcoin accounts.

Carturan managed to escape on May 23, appearing barefoot and bloodied on the street, where he sought help from a nearby officer. Police found disturbing evidence inside the townhouse, including a saw, crack cocaine, chicken wire, body armor, night vision goggles, ammunition, and photographs of the victim with a gun pointed at his head.

Legal Proceedings

Woeltz was indicted by a grand jury and is scheduled for arraignment on June 11, while Duplessie appeared in court recently and remains in custody. Both men have not yet entered pleas. Their attorneys have declined to comment publicly.

Woeltz’s defense has highlighted his lack of criminal record and professional background in technology and blockchain investment, while prosecutors have noted his access to private jets and helicopters, arguing he poses a flight risk.

Backgrounds of the Accused

John Woeltz is originally from Kentucky and has a background in tech innovation, including participation in blockchain projects and founding Silicon River Capital. He reportedly has a net worth exceeding $100 million.

William Duplessie co-founded the Pangea Blockchain Fund in Switzerland and has been involved in crypto venture capital since 2012. Despite professional credentials, Duplessie has faced previous civil and criminal allegations and reportedly lived a lavish lifestyle in Manhattan.

Both men and the victim were reportedly connected through a New York-based cryptocurrency hedge fund, with internal police documents suggesting a financial dispute between Woeltz and Carturan precipitated the crime.

Police and Political Implications

Two NYPD officers, including one assigned to Mayor Eric Adams’ security detail, are under investigation for their connections to the case. One officer allegedly transported the victim to the townhouse, raising concerns about police involvement or negligence.

Context of a Growing Crypto Crime Wave

This case is part of a broader trend of violent crimes targeting cryptocurrency holders globally. Recent incidents include high-profile kidnappings in France and organized crime groups in Europe and Mexico using crypto for illicit activities. The Manhattan case stands out due to the accused perpetrators’ status as high-profile crypto investors themselves, marking a shocking escalation in crypto-related violence.

This unfolding case highlights the dark underbelly of the cryptocurrency world where digital fortunes can provoke brutal real-world violence, even among insiders. The upcoming court proceedings will be closely watched for their implications on crypto industry security and law enforcement oversight.

Two cryptocurrency investors, John Woeltz, 37, and William Duplessie, 33, have been arrested and charged with kidnapping, assault, and weapons possession after allegedly holding an Italian man captive for nearly three weeks in a luxury Manhattan townhouse to extort his Bitcoin password.

Incident Details

The victim, 28-year-old Italian crypto entrepreneur Michael Valentino Teofrasto Carturan, was lured to the townhouse in Manhattan’s upscale SoHo neighborhood on May 6. There, according to police reports, he was bound, beaten, drugged, shocked with electrical wires, and at one point dangled over a staircase by his captors who threatened to kill him and his family if he did not surrender access to his Bitcoin accounts.

Carturan managed to escape on May 23, appearing barefoot and bloodied on the street, where he sought help from a nearby officer. Police found disturbing evidence inside the townhouse, including a saw, crack cocaine, chicken wire, body armor, night vision goggles, ammunition, and photographs of the victim with a gun pointed at his head.

Legal Proceedings

Woeltz was indicted by a grand jury and is scheduled for arraignment on June 11, while Duplessie appeared in court recently and remains in custody. Both men have not yet entered pleas. Their attorneys have declined to comment publicly.

Woeltz’s defense has highlighted his lack of criminal record and professional background in technology and blockchain investment, while prosecutors have noted his access to private jets and helicopters, arguing he poses a flight risk.

Backgrounds of the Accused

John Woeltz is originally from Kentucky and has a background in tech innovation, including participation in blockchain projects and founding Silicon River Capital. He reportedly has a net worth exceeding $100 million.

William Duplessie co-founded the Pangea Blockchain Fund in Switzerland and has been involved in crypto venture capital since 2012. Despite professional credentials, Duplessie has faced previous civil and criminal allegations and reportedly lived a lavish lifestyle in Manhattan.

Both men and the victim were reportedly connected through a New York-based cryptocurrency hedge fund, with internal police documents suggesting a financial dispute between Woeltz and Carturan precipitated the crime.

Police and Political Implications

Two NYPD officers, including one assigned to Mayor Eric Adams’ security detail, are under investigation for their connections to the case. One officer allegedly transported the victim to the townhouse, raising concerns about police involvement or negligence.

Context of a Growing Crypto Crime Wave

This case is part of a broader trend of violent crimes targeting cryptocurrency holders globally. Recent incidents include high-profile kidnappings in France and organized crime groups in Europe and Mexico using crypto for illicit activities. The Manhattan case stands out due to the accused perpetrators’ status as high-profile crypto investors themselves, marking a shocking escalation in crypto-related violence.

This unfolding case highlights the dark underbelly of the cryptocurrency world where digital fortunes can provoke brutal real-world violence, even among insiders. The upcoming court proceedings will be closely watched for their implications on crypto industry security and law enforcement oversight.