1. EU Embraces Crypto Firms Under MiCA 🚀
Major platforms like Gemini, OKX, Crypto.com, and soon Coinbase are receiving EU-wide licenses under the EU’s new Markets in Crypto‑Assets (MiCA) framework—sparking debate over regulatory consistency and perhaps triggering a licensing “race to the bottom.”
bitcoinmagazine.com
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reuters.com
+15
barrons.com
+15
2. SocGen to Launch USD Stablecoin
French banking giant Société Générale is launching a dollar-backed stablecoin, “USD CoinVertible,” on Ethereum and Solana in July, with BNY Mellon managing reserves. It follows its successful euro stablecoin from 2023.
reuters.com
3. Anthony Pompliano to Lead Bitcoin Investment Fund
Crypto advocate Anthony “Pomp” Pompliano is heading up ProCapBTC, targeting $750 M ($500 M equity, $250 M debt) to buy Bitcoin en masse, following the footsteps of Michael Saylor’s MicroStrategy and aligns with a new wave of institutional crypto deals in the US.
ft.com
4. May Sees 10% Crypto Market Surge
Binance reports a 10.3% global crypto market rally in May, with Bitcoin nearing $112k. Altcoins, NFTs, ETFs, and corporate treasury adoption like Circle and MicroStrategy also bolstered sentiment.
barrons.com
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economictimes.indiatimes.com
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5. Galaxy Digital CEO Weighs In
Mike Novogratz’s Galaxy Digital sees Bitcoin climbing toward record highs (~$111.9k). He supports treasury-backed stablecoins, highlights growing institutional adoption (e.g., BlackRock, JPMorgan), and stresses purposeful strategy over hype.
barrons.com
🌍 Pakistan’s Crypto Rollercoaster
Strategic Bitcoin Reserve & Mining Plan: Pakistan’s Crypto Council, led by Bilal Bin Saqib, announced a strategic Bitcoin Reserve and earmarked 2,000 MW of surplus electricity for Bitcoin mining and AI data centers
Mixed Signals on Legality: Despite these moves, the State Bank and Finance Ministry still consider crypto trading illegal, leading to confusion between pro‑crypto ambitions and legal restrictions
arabnews.com
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