Daily Market Update (June 6, 2025, at 20:30)
ChainDD reported on June 6 that the combined ChainDD index and CoinMarketCap quotes are as follows:
BTC is priced at $103,927.58, down approximately 1.45% in the last 24 hours.
ETH is priced at $2,479.87, down approximately 5.56% in the last 24 hours.
BNB is priced at $647.46, down approximately 6.60% in the last 24 hours.
DOGE is priced at $0.1792, down approximately 6.31% in the last 24 hours.
SOL is priced at $151.39, down approximately 1.53% in the last 24 hours.
Crypto Market Dynamics
The Monetary Authority of Singapore clarifies the scope of the DTSPs system.
The Monetary Authority of Singapore (MAS) today clarified the scope of the Digital Token Service Providers (DTSPs) system. From June 30, 2025, DTSPs providing services related to digital payment tokens and capital market product tokens only for customers outside of Singapore must obtain a license. The licensing standards of MAS are high, and this type of business has a high risk of money laundering, mainly regulated activities are outside Singapore, making effective regulation by MAS difficult. Unlicensed entities will cease regulated activities.
Providers offering related services to Singapore customers are already regulated, with unchanged business scope, and may also provide services to overseas clients. Other providers offering services related to utility tokens and governance tokens are not affected by the new system. Given the high risk, existing DTSPs providing services only to overseas customers must cease such activities when the system comes into effect. MAS has continuously communicated its stance since February 2022 and has communicated with potentially affected parties, of which there are very few.
The Bank of Japan released the second progress report of the Digital Yen pilot program, considering the deployment of CBDC on public chains.
The Bank of Japan released the second progress report of the Digital Yen pilot program, which disclosed that a working group is studying how central bank digital currency (CBDC) can integrate with emerging technologies such as distributed ledger technology (DLT). As part of the exploration, researchers are considering deploying CBDC on public chains. Although this solution is not feasible at this stage, a potential future development direction may involve adopting Layer 2 blockchain solutions with stronger control.
It is worth mentioning that shortly after this report was published, Kazushige Kamiyama, an executive committee member of the Bank of Japan, stated that there are currently no plans for the issuance of a central bank digital currency.
The UK considers lifting the retail ban on exchange-traded products related to the crypto market.
UK financial regulators have proposed lifting the ban on retail investors purchasing exchange-traded products related to cryptocurrencies, seeking to enhance competitiveness in response to the recovering US crypto market under Trump’s leadership.
The UK Financial Conduct Authority (FCA) stated that this change means that as long as trading occurs on FCA-approved exchanges, existing exchange-traded notes linked to tokens such as Bitcoin and Ethereum can be sold to retail buyers. Last year, regulators allowed such products to trade on platforms like the London Stock Exchange, but only for professional investors.
Europe plans to start regulating DeFi in 2026.
Crypto policy experts in the EU revealed that Europe plans to start developing a regulatory framework for decentralized finance (DeFi) in 2026. Although the (Crypto Asset Market Regulation) (MiCA) comes into effect on December 30, 2024, the regulation does not clearly define 'decentralized', resulting in DeFi protocols being in a regulatory vacuum.
Vyara Savova, policy head of the European Crypto Initiative, stated that the current MiCA regulation theoretically excludes 'fully decentralized' protocols from the regulatory scope, but specific criteria for determination have not yet been clarified. The EU plans to start legally defining decentralized concepts in mid-2026 and is currently revising regulations in specific areas such as stablecoins.
Trump Media Technology Group plans to issue new shares valued at $12 billion.
Trump Media Technology Group, the parent company of the social media platform Truth Social, has registered with the US Securities and Exchange Commission to issue 84,657,181 shares of common stock, valued up to $12 billion. It is reported that the company completed a $2.44 billion financing deal last week to establish a Bitcoin treasury, followed by the registration of a Bitcoin ETF.
Strategy plans to raise approximately $1 billion through a preferred stock issuance to increase Bitcoin holdings.
Strategy announced that on June 5, 2025, it will publicly issue 11,764,700 shares of 10.00% Series A perpetual Stride preferred stock, with an issue price of $85 per share. The net proceeds from this fundraising are expected to be approximately $979.7 million, intended for general corporate purposes, including increasing Bitcoin holdings and supporting working capital. This stock issuance and delivery are expected to be completed by June 10.
The Swiss government: has passed a bill allowing for the automatic exchange of crypto asset information with 74 partners.
The Swiss government announced that it has passed a bill allowing for the automatic exchange of crypto asset information with 74 partners. The crypto partners include all EU countries, the UK, and most G20 countries, except for the United States and Saudi Arabia.
Metaplanet launches a Bitcoin equity financing plan, aiming for a holding of 210,000 BTC.
Simon Gerovich, CEO of Metaplanet, announced that the company has launched a special equity financing plan for Bitcoin, with a total scale reaching 770.9 billion yen (approximately $5.4 billion), to be realized through the issuance of 555 million 'mobile exercise warrants'. This is the first time in Japan that such products are issued at a premium above the market price, benefiting from Metaplanet's high volatility and liquidity.
This plan continues the successful experience of the previous '210 Million Plan', which raised 93.3 billion yen (approximately $650 million) within 60 trading days, achieving a BTC yield of 189%, with the stock price having more than tripled since the announcement, and the company's Bitcoin holdings ranking tenth globally.
Metaplanet has set a new goal: to hold 100,000 BTC by the end of 2026 and increase to 210,000 BTC by the end of 2027, accounting for 1% of the total Bitcoin supply. Gerovich stated that the company is accelerating its move towards a Bitcoin-centric future.
The Hong Kong government: The (Stablecoin Regulation) will come into effect on August 1, 2025.
The Hong Kong SAR Government today published in the Gazette (Announcement on the Stablecoin Regulation (Effective Date)), designating August 1, 2025, as the date for the (Stablecoin Regulation) (Chapter 656) (the Regulation) to come into effect.
The Secretary for Financial Services and the Treasury, Christopher Hui, stated: “Once the Regulation comes into effect, the licensing system will provide appropriate regulations for relevant stablecoin activities, marking a milestone in promoting the sustainable development of Hong Kong's stablecoin and digital asset ecosystem.”
Hong Kong-listed company Huaxing Capital disclosed that it invested in Circle in 2018 and continues to have confidence in the development of blockchain technology.
Hong Kong-listed company Huaxing Capital disclosed that its managed Huaxing New Economy Fund invested in Circle in 2018. The company will continue to have confidence in blockchain technology development and actively explore layouts in the Web3.0 and cryptocurrency asset fields.
Circle Internet Group went public on the New York Stock Exchange on Thursday, reaching a high of $103.75, soaring 2.35 times from the offering price of $31, closing at $83.23, still a 1.68 times increase. After-hours trading rose another 5.38%, reaching $87.71, with a post-listing market value of $6.9 billion.
