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The global cryptocurrency market cap now stands at $3.27T, up by 0.55% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $104,300 and $106,129 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $104,928, down by -0.08%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include T, THE, and ARPA, up by 27%, 9%, and 9%, respectively. Top stories of the day: Hong Kong Advances Stablecoin Development with New Regulations Federal Reserve Expected to Maintain Interest Rates in June AI-Powered Crypto Startup TrueNorth Secures $1 Million in Angel Funding Circle CEO Highlights Stablecoins as Highly Effective Currency Bitcoin's Growing Role in Investment Portfolios, Says Coatue Management Founder Amazon Secures Nuclear Energy Deal for Pennsylvania Data Centers EU Commission President Discusses Geopolitical Tensions with U.S. President Trump Brazil Implements New Tax Policy on Cryptocurrency Profits Global Markets React to Escalating Middle East Tensions Market movers: ETH: $2513.24 (-0.68%) XRP: $2.1598 (-0.33%) BNB: $646.22 (-0.56%) SOL: $144.78 (-0.42%) DOGE: $0.17437 (-1.22%) TRX: $0.2717 (+1.00%) ADA: $0.6232 (-1.69%) WBTC: $104931.72 (-0.04%) TRUMP: $9.92 (-2.84%) SUI: $2.9561 (-1.89%) Top gainers on Binance: T/USDT (+27%) THE/USDT (+9%) ARPA/USDT (+9%)

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.27T, up by 0.43% over the last 24 hours.Bitcoin (BTC) has been trading between $104,118 and $106,252 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $105,011, up by 0.34%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BMT, USTC, and HOME, up by 24%, 18%, and 14%, respectively.Top stories of the day:7 Solana ETF Issuers File S-1s, but SEC Approval Unlikely Soon, Analysts SaySpot Ether ETFs See $2.1M Outflow After Record 19-Day Inflow StreakBlackRock Becomes Major Institutional Bitcoin Holder with 3% StakeWhite House Rejects Conflict of Interest Clause in CLARITY ActSEC Approves DJT's S-3 Registration StatementFidelity Files for Solana Spot ETF with Staking OptionUrgency for Cryptocurrency Legislation in the U.S. Before 2026 ElectionsCardano Founder Proposes Treasury Allocation to Boost Stablecoin PresenceU.S. June One-Year Inflation Rate Expected to DeclineInvesco Galaxy Solana ETF Registers in DelawareMarket movers:ETH: $2530.35 (+0.76%)XRP: $2.1669 (+1.62%)BNB: $649.87 (-0.91%)SOL: $145.38 (+0.35%)DOGE: $0.17654 (+1.49%)TRX: $0.269 (-1.57%)ADA: $0.6339 (+0.27%)WBTC: $104999.71 (+0.27%)TRUMP: $10.2 (+2.31%)SUI: $3.0132 (-0.08%)

According to PANews, the White House has directed the Department of Defense and NASA to gather detailed information on SpaceX's multi-billion dollar contracts following a public dispute between U.S. President Donald Trump and Elon Musk. Four sources informed Reuters that the U.S. government has commenced a review, instructing relevant agencies to scrutinize the contracts awarded to Musk and his company, potentially preparing for retaliatory measures. The Pentagon is also assessing whether to reduce SpaceX's involvement in the U.S. next-generation missile defense system project.A White House spokesperson, responding to Reuters via email, did not address Musk's business issues but stated, "The Trump administration is committed to a rigorous review process for all bids and contract executions." Meanwhile, a NASA spokesperson declared that the agency "will continue to collaborate with industry partners to ensure the President's objectives in the space sector are achieved."The sources indicated that the purpose of the contract review is to enable the government to respond swiftly should President Trump decide to take action against Musk. One insider remarked, "This review is preparing ammunition for a political battle."

According to Odaily, the 2025 financial report disclosed by the U.S. Office of Government Ethics (OGE) reveals that U.S. President Donald Trump holds Ethereum assets valued between $1,000,001 and $5,000,000 in a cold wallet. Additionally, another Ethereum wallet under his name contains 1.575 billion WLFI tokens. Trump is the sole member of WLFI Company.Furthermore, his company, DT Marks Defi LLC, owns 75% of WLFI Company, with the remaining 25% held by three other investors. World Liberty Financial, Inc. primarily owns the WLFI protocol, governance platform, and associated token reserves, digital wallets, and intellectual property. As of December 31, WLFI's founders have the authority to enter into certain service agreements, and the company has raised $57,355,532 through token sales.

According to PANews, DRW Investments, led by U.S. financial magnate Don Wilson, has purchased approximately 4 million shares of Trump Media Technology Group, valued at around $100 million. This acquisition positions DRW Investments as one of the leading investors in the group's cryptocurrency ventures. However, Jane Street remains the largest investor in Trump Media Technology Group's cryptocurrency initiatives, having invested approximately $375 million.DRW Investments is a prominent institutional participant in the crypto asset sector. The firm is advocating for the Trump administration to reconsider the regulatory authority of the U.S. securities industry. Previously, DRW Investments has called for the establishment of a new regulatory body to replace the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.

According to PANews, a significant security breach has resulted in the theft of approximately $6.5 million in cryptocurrency. The incident was highlighted by 23pds, the Chief Information Security Officer at SlowMist Technology, who reported on the X platform that a user fell victim to a scam involving a tampered 'cold wallet' purchased through Douyin. The private key was compromised at the moment of generation, and the funds were subsequently transferred via the 'Huiwang' platform.23pds emphasized the importance of purchasing cold wallets through official and legitimate channels, warning that online offers of 'brand new, unopened' or 'special discount' cold wallets are often fraudulent, with a 99% likelihood of being tampered with.In response, Yuxian noted that the incident involved a scam related to hardware wallets, specifically targeting Ledger hardware wallets. Such scams have consistently ensnared certain large investors, leading to substantial financial losses.

According to Odaily, Airwallex co-founder and CEO Jack Zhang recently commented on stablecoins, emphasizing that their primary purpose is to construct a 'monetary ecosystem' for the internet rather than facilitating global currency flow. Zhang highlighted that stablecoins represent the currency of the internet, with the main challenge being to prove they are 'clean money.' Platforms with distribution capabilities, such as Stripe, Revolut, and Airwallex, possess the necessary technology to integrate stablecoins into their products. These platforms can convert existing 'clean money' within the system into stablecoins and issue new financial products for monetization.Zhang noted that the Genius Act prohibits issuers from paying yields, aligning with the stance of central banks worldwide. This presents a challenge for many startups. He further stated that stablecoins are not merely a technological endeavor but a distribution game, with many tech platforms equipped with both the technology and distribution capabilities needed to succeed.

According to PANews, official data reveals that in the seven days leading up to June 12, Circle issued approximately 2.6 billion USDC and redeemed a similar amount, resulting in a net decrease of around 100 million USDC in circulation. The total circulation of USDC stands at 60.9 billion, with reserves amounting to approximately $61.2 billion. This includes about $8.5 billion in cash and $52.7 billion held in the Circle Reserve Fund.

According to Foresight News, the White House has declined a proposal from House Republicans and Democrats to include a conflict of interest clause in the CLARITY Act during crucial negotiations on Tuesday evening. The clause aimed to restrict senior political figures, including U.S. President Donald Trump, the Vice President, members of Congress, and their families, from engaging in cryptocurrency activities during their terms. Democrats sought to prevent President Trump from profiting through cryptocurrency, while Republicans wanted to avoid the clause being perceived as a direct criticism of Trump. As of now, no consensus has been reached, and the White House, along with Republicans, is working on drafting an alternative solution.

According to BlockBeats, Trump Media & Technology Group (DJT) announced that the U.S. Securities and Exchange Commission (SEC) has approved its previously submitted S-3 registration statement, which is now effective. Following this approval, DJT submitted the corresponding final prospectus to the SEC.The announcement detailed that the registration statement allows for the resale of approximately 56 million common shares and 29 million shares corresponding to convertible notes. These shares are part of an equity and debt agreement with around fifty investors, which has generated approximately $2.3 billion in total proceeds for the company. This figure represents one of the largest transactions involving a public company's Bitcoin reserves.The registration statement includes a universal shelf provision, designed to provide the company with greater flexibility to pursue various initiatives related to its growth strategy. Currently, the company has no plans to issue any securities under the shelf registration statement.

According to BlockBeats, market reports indicate that asset management giant and ETF issuer Fidelity has submitted an S-1 filing for a Solana spot ETF. Notably, this ETF includes a staking option for users.

According to PANews, the U.S. stock market closed on Friday with notable declines across major indices. The Dow Jones Industrial Average fell by 1.79% on the day, contributing to a weekly loss of 1.32%. The S&P 500 Index decreased by 1.13%, ending the week down 0.39%, while the Nasdaq Composite dropped 1.30%, resulting in a weekly decline of 0.63%.Despite the overall market downturn, the energy and defense sectors showed resilience. Houston Energy experienced a significant surge, rising over 117.79%, and U.S. Energy saw an increase of 55.63%. Additionally, Tesla (TSLA.O) shares rose by 1.94%.

According to Binance Market Data, Bitcoin (BTC) crossed the 106,000 USDT benchmark and is now trading at 106,000 USDT, with a 0.07% decrease in 24 hours.

According to Binance Market Data, Bitcoin (BTC) dropped below 105,000 USDT and is now trading at 104,908.460938 USDT, with a 3.24% decrease in 24 hours.

According to BlockBeats, Indian officials have announced that the country's tax authorities are currently investigating cases of tax evasion related to cryptocurrencies. This move comes as part of a broader effort to ensure compliance with tax regulations in the rapidly growing digital asset sector. The investigation aims to identify individuals and entities that may have failed to report cryptocurrency transactions accurately, thereby evading taxes. Authorities are focusing on ensuring that all cryptocurrency-related activities are properly documented and taxed in accordance with Indian law.

According to Odaily, Aleksei Andriunin, founder and CEO of Gotbit, has been sentenced to eight months in prison by a Massachusetts district court for manipulating the cryptocurrency market and conducting millions of dollars in wash trades. Following his imprisonment, Andriunin will be subject to one year of supervised release.Prosecutors revealed that from 2018 to 2024, Andriunin and the Gotbit team provided services to multiple crypto projects, creating false trading volumes through code and multi-account operations to fabricate on-chain activity. This strategy helped projects gain visibility on CoinMarketCap and secure listings on major exchanges, earning Gotbit tens of millions of dollars.Additionally, Gotbit has been sentenced to five years of probation, during which it is prohibited from continuing related operations. Prosecutors stated that Andriunin was arrested in Portugal in October 2024 and extradited to the United States in February 2025, where he signed a plea agreement in March.

According to Foresight News, Cardano founder Charles Hoskinson has suggested using $100 million worth of ADA from the treasury to convert into Bitcoin and stablecoins, including USDM and USDA. This proposal aims to enhance the proportion of stablecoins within the Cardano ecosystem and its decentralized finance (DeFi) sector.Hoskinson assured that this move would not negatively impact the ADA market and countered concerns about liquidity. Currently, stablecoins on the Cardano blockchain account for only about 10% of the total value locked (TVL), which is significantly lower compared to Solana's stablecoin ecosystem.This proposal contrasts with the views of Cardano Foundation CEO Frederik Gregaard, who previously emphasized that TVL is not a critical metric for evaluating the ecosystem's success.

According to Odaily, several insiders at MicroStrategy have recently purchased approximately $1.3 million worth of the company's preferred shares. This acquisition highlights the confidence of the company's leadership in its financial strategies and future prospects.

According to Odaily, the preliminary estimate for the United States' one-year inflation rate in June is 5.1%. This figure is lower than the anticipated 6.4% and the previous value of 6.60%.

According to BlockBeats, Goldman Sachs has reiterated its forecast that robust structural gold purchases by central banks worldwide will drive gold prices to $3,700 per ounce by the end of 2025. The investment bank also anticipates that prices will further rise to $4,000 per ounce by mid-2026.