Gm.
Gearing up for another day in the Arena trenches. Don’t forget to touch grass.
Btw all kinds of ppl making coins & sending it to me, I don’t endorse anything. Be very careful what you buy.
If I post something bullish, means I bought it & intend to hold (at least a few days). If I don’t post anything, I have nothing to do with it.
If I ever post something , like “look what happened here” doesn’t mean I endorse it or suggest ppl buy it. I only have 2 coins, AIVAX and DTRXBT.
Asia’s weekly TOP10 crypto news (June 2 to June 8) South Korea’s President-Elect Supports Crypto ETFs and KRW Stablecoins, Singapore Clarifies Token Regulation Scope, Hong Kong Proposes Allowing Professional Investors Crypto Derivatives Trading, Japan Passes New Crypto Intermediary Rules, UAE Launches First Finfluencer License, China Cracks Down on HyperLiquid Laundering, and More.
🪸 LAST WEEK AT REEF 🪸
Friday, June 6, 2025
- Reef app for Ledger devices sent to auditor
- Received new Ledger Flex for testing
- In discussions with graphic designers with intent to hire one part or full-time
- Reef Chain Wallet is once again available for iOS users via TestFlight; testing and bug reporting in progress now
- Ran into issues with the data index, causing problems for verifying transactions
- Engaged in discussions with multiple parties about solving the immediate data indexing issues
- Also engaged in discussions with many parties about bringing redundancy and resiliency into Reef chain to avoid further data indexing or RPC related issues
- Met with the founder for an on-chain fitness app, looking for ways to partner or acquire the business; discussions, moving forward
- Ran into some code related issues with Hotcoin integration; work is ongoing
- Hired an expert developer to research and resolve the current data index issue
- Hosted a call with the business development manager for a decentralized data indexing tech stack about how they could help us
- Agreed to a proposal from a third-party team to add Reef chain into their data indexing, blockchain explorer and API service
- Announced Rosewolf as the next artist featured on Sqwid
- Turned down an opportunity to sponsor a private event in New York City; focussing our efforts on more immediate needs and Europe for the time being
- Kept our partners abreast of any updates related to data indexing throughout the week
☕️ GM! Here are the top events in #Crypto from the past 24 hours
📊Market Updates
🔸Spot Ether ETFs have seen 15 straight days of inflows totaling $837.5M, making up 25% of all net inflows since their July 2024 launch.
🔸Hyperliquid hit $248B in May perp volume, up 51% MoM, now capturing over 10% of Binance’s flow as DEX dominance keeps rising.
🌟Highlights
🔸Eric Trump says World Liberty Financial will add TRUMP memecoin to its treasury, backing its vision of “crypto, patriotism and success.”
🔸Deutsche Bank may issue a stablecoin or join an industry effort, while also exploring tokenized deposits for efficient payments.
🔸Tether CEO says there's no need to go public and calls a $515B valuation “a bit bearish,” citing growing Bitcoin and gold reserves.
🔸Argentina’s anti-corruption office clears President Milei in the Libra scandal, highlighting it was a personal post, not official government activity.
🔸Alex Lab will fully reimburse users after an $8.3M exploit, blaming a smart contract flaw. $ALEX token plunged 45% following the attack.
🔸Dubai real estate sales hit $18.2B in May, driven by tokenization momentum and a record $3B blockchain deal in the property sector.
🔸Singapore orders unlicensed crypto firms to stop serving overseas clients, marking a global shift toward stricter compliance.
🔸BiT Global has dropped its lawsuit against Coinbase over wBTC delisting, ending the dispute with both parties covering their own legal fees.